💸💸How a few coins can destroy your wallet💸💸 . . . . . . . . . I was doing nothing, so I decided to make a "copy" of the 50k wallet I have (those who have followed me longer may know its story) and, unsurprisingly, it became clear how some coins and lack of management can transform a wallet that could be exceptional into a mediocre one. Right off the bat, you can see who our favorite is ($AUCTION ) this time and who balanced the trash that I also had to put in the wallet. And the 💩 of the moment would be ACT, which would compete for leadership with OM.
Of course, I didn’t do the study just to criticize coins that are dying. Some lessons that this wallet shows:
1- Use Stop Loss ("Oh, the Stop might cut my profit", throw this 💩 even if it’s 2 times below/above the price level you are willing to exit with a loss, but set it);
2- Not every drop is synonymous with a promotion;
3- Preferably seek operations with positive risk-return asymmetry; it’s useless to get 99.9999% of the operations right and when you make a mistake, give everything back.
🤔 Is there a way to draw more lessons from this? 🤔
Important note: I avoided making the simulation too much in my favor; after taking a look, the coins that I definitely wouldn’t buy would be TST, OM, and ACT; the others would be subject to the losses they generated anyway.
I intend to do a long study of all the coins on Binance and create a strategy for Swing Trade that anyone can replicate. Does anyone support the study? 🤔
No kidding, it would take at least 2 weeks to do this, so I will only share if this post gets 100k views. 👍
End of the month and it's time to check my 50k wallet. Currently a loss of 6,000.00 dollars 😐. I plan to sell everything at the end of the year, let's see how expensive this game will be. The current champion was $PENGU with a gain of 72%. Wallet coins: - BTC; - ETH; - SOL; - XRP; - SUI; - DOGE; - PEPE; - TRUMP; - ADA; - TRX; - LTC; - PNUT; - WIF; - ENA; - LINK; - AVAX; - HBAR; - OM; - KAITO; - TAO; - RUME; - AAVE; - WLD; - NEIRO; - NEAR; - BONK; - BERA; - SHIB; - LAYER; - CAKE; - CRV; - DOT; - EOS; - PENGU; - APT; - UNI; - TON; - ARB; - SEI; - ACT; - TST; - BCH; - AUCTION; - XLM; - TIA; - OP; - AIXBT; - FIL; - ETHFI; - FLOKI.
The chart doesn't look bad to me, relatively respecting the EMA 50, except for the last drop that fell to the support in the 100k region (liquidity capture), but I still won't make entries since the OBV isn't pleasing to the eyes. For now, I'll wait for a breakout above 112k with OBV passing 2.43 million. Besides the details I mentioned, there's also the issue of not clearly visualizing a target.
For BOB to reach this value, it would be necessary to burn approximately 398 trillion tokens, considering that it will have the average market cap of memecoins (2 billion) or in a more optimistic scenario 360 trillion if we account for exceptional memes (40 billion market cap). Even so, I am not sure about this issue, so I accept if I am wrong; if it works like stocks, burning tokens does not increase your capital, it only unifies the amount of coins you have to make it proportional to the previous value, that is, there is no real gain.
LPCriptoMiner
25 Jun
Reply to @LPCriptoMiner and @mactor
Leia o artigo inteiro e outros mais se puder amigo.
Não se trata de nada atual, e sim a longo prazo.
Quando se trata de investimento,seja ele memecoins ou BTC, pense lá na frente
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If you believe in the growth of Web3 and the role of @WalletConnect as a standard connection between wallets and dApps, WCT may have long-term potential. However, as it is still an early-stage project focused on governance and staking, it is only worth buying if you intend to engage in the ecosystem. Otherwise, the speculative risk may be high.
The good side of BOB is that he keeps making the same movement, I hope this time is different because I've seen reports of people who bet everything on him, but so far he repeats the same pattern. It stays sideways - hits resistance a few times - suddenly drops 30% from one hour to the next.
what a serious accusation, Binance profits from buy and sell fees as far as I know, what would be the advantage of making people lose money, that is, stop using it? 🤔
brothercript
20 Jun
Bullish
binance is luck...if you don't lose they always make you lose by delaying updates resulting in continuous losses! for them, loss is more interesting than the investor's gain! BINANCE IS FRAUD!
Finally #Bob will reach the value I mentioned? (if it doesn't completely melt down).
To those who are at a loss for entering at the top or believing in support, I'm sorry, to those who entered and had gains of at least 100%, did not take partial profits and will end up at a loss (they will decide to sell the coin permanently), I sincerely hope they are not greedy next time.
I don't like to play the market seer, it might be that BOB rises right after they see this post, but if it doesn't come back, then some will learn not to jump on the hype and others not to be greedy.
Every operation involves luck, we choose the side with the highest probability, but in the end, the market is random and we just hope that luck is on our side. #TradingCommunity
Many people are speculating about the memecoin BOB reaching 0.01... but is that really possible?
📉 Let's compare with Bitcoin: Bitcoin has a limited supply of 21 million coins. With a market cap of 21 million dollars, each BTC would be worth 1 dollar. From there, it would just require adding more capital to the market until reaching the +2 trillion dollars that BTC has today. It is technically feasible, considering its history, scarcity, and global adoption.
💣 Now look at BOB: BOB has a supply of over 400 trillion tokens. For each token to be worth 0.01, the market cap would have to exceed 4 trillion dollars — that is, double the market cap of Bitcoin itself today!
😬 This is unrealistic in the current scenario. Not even the largest memecoins like DOGE and SHIB have come close to that. At their peak, the average market cap of memecoins was:
With DOGE and SHIB: about 27 billion dollars
Without them: around 2 billion
💡 More realistic projection for BOB? Considering that the current market cap of BOB is around 20 million, a 100x growth would take it to a 2 billion market cap, which would already be a significant move within the standard of memecoins.
🔍 Always do your own research. Not all hype represents a real long-term opportunity.
Bob does not confirm a return to high for me until it breaks with confirmation (strength) the top of the OBV from 08:00 on 10/06 (I can't mark it on Binance and I didn't find it on TradingView), for now I still hope it goes back to where the blue line is (chart without Fibonacci). #Bob
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