Those Who Do These Will Never Make Money From Cryptocurrencies!
Ladies and Gentlemen, sad but true #Bitcoin Being in the market does not mean you will make money. You are making too many mistakes. When it goes down, sell and sell, When it goes up, buy and buy. You are doing nothing but making money for the market maker. Having a 5% stop does not save you. Because when you stop at 5% repeatedly, your money is already gone. #btc
1) You are trading under great stress. The reason for this is that you are selling all your goods while buying and selling with all your money. I always write that you cannot always invest money in a single coin from a single point, you need to divide your money into at least 3 parts. In this way, instead of stressing the thought, you will be happy that the place of purchase is coming, and instead of saying you are left out, you will have the comfort of the goods you already have.
2) Don't run with yogurt to anyone holding a cucumber in their hand. Sorry for the colloquial expression, but this is the situation. A guy says he found a coin that will make 1000x to gain interaction, you sell everything you have and take it and buy this coin. He writes other, I earned this much from this one, I write the next one, you see he has 100k followers, I think he knows something, you run and buy it. The product is either a scam or a rug pull. Don't buy or sell based on anyone's words. If you see a project, ask at least 3-5 influencers whose knowledge you trust.
3) I understand that you do not buy Bitcoin or ETH because your money will not make more or less money. What is it like to go and find coins that I do not know the names of? Friends, yes, gem coins can make good money. But the feature of these that make good money is that they are new, have no volume, and therefore they are projects with a very high probability of zeroing. In fact, the bull starts with Bitcoin, then ETH passes, then Major alt coins. MEME and Gem coins. It goes like this. In other words, we will first recover the Major alt coins in the declines, and since they are known and widespread, they will recover quickly. Then we will invest in memes or gems with the profits we get from here. Memes or Gem coins are not purchased from scratch.
4) Investing with money that you will need in a short time, by taking out a loan, by borrowing money, by paying bills and rents. One of the biggest sources of stress is investing money that you need to use elsewhere by transferring it here. I don't want to call it investing, it's gambling. Please don't invest with money that you will need within 1 year.
What is Bitcoin Dominance? Does Bullish Start When It Rises Too High?
I know everyone says dominance dominance but most of you don't really understand what it is. It is the ratio of Bitcoin value to Total value. So if dominance is 57, 57% of the money in the market is in Bitcoin.
In the old days, coins had BTC parities. Buying coins with USDT became widespread later. That's why those who entered the market would buy Bitcoin. Then they would buy altcoins from there. Although the main reason for this was to provide liquidity, I will not go into those details since they are advanced information. Since everyone entering the market bought Bitcoin and did not switch to altcoins until a certain profit point was reached, Bitcoin dominance was high. We do not actually have much data on this. Bitcoin Dominance was at 97% levels until the 2017 Bull. Since it started the 2021 bull with 72, everyone thinks it needs to go there to start the bull again. However, since Bitcoin has become a coin that small investors stay away from today, I do not expect it to reach the same point. The peak I expect is 58. It has been hovering under this resistance for a while. Provided that I do not miss the possibility of 62 in case of a breakout. Since I think that the transition from Bitcoin to altcoins will start and most of the money coming from outside will go into altcoins, I think we will see a slow pullback in dominance. The important factor for us to know that the bull has started is this. Bitcoin Price Increase - Dominance Decrease. In other words, if Dominance increases, altcoin rally begins, these statements are not true. Examining Dominance alone does not give correct data. It is necessary to examine Bitcoin value and total value together with Dominance movement.
The table will explain what I mean a little more. For this reason, when it comes there, the altcoin will start, when it comes here, the altcoin will start, forget about it. What is important for us is that the value of Total Bitcoin increases and the dominance decreases. My expectation is that the rise in altcoins will be gradual until we see 48. The real fast gain will come under 48. The reason for this is that the dominance will enter the downtrend again and give confidence. $BTC
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