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#MyFirstFeedPost Advice for newbies.
Before you buy a coin or altcoin first do some digging. Know why you are putting your money into the coin. Do not fall for hype or other posts promising big returns. Make sure there is a good dev team behind the coin.
Once you buy don't sell at a loss. Set your target and don't waiver from it. If the price dips then it could take years to recover. Rather think of it as an opportunity to invest more funds at a lower price.
A strategy I follow is to buy when I feel it's a good entry point and then set my targets. When it hits those targets I sell. Rinse and repeat.
You won't get rich over night, but almost nobody does, but you won't make any losses either as long as you don't fall for a rug pull.
I've seen many coins being touted by their fans that the coin will make you rich but don't fall for it. Stable coins are a good place to start till you understand the market movements before you play with alt coins. And stay away from leverage on the beginning it will wipe you out during a crash.
not financial advice.
Good luck.
Before you buy a coin or altcoin first do some digging. Know why you are putting your money into the coin. Do not fall for hype or other posts promising big returns. Make sure there is a good dev team behind the coin.
Once you buy don't sell at a loss. Set your target and don't waiver from it. If the price dips then it could take years to recover. Rather think of it as an opportunity to invest more funds at a lower price.
A strategy I follow is to buy when I feel it's a good entry point and then set my targets. When it hits those targets I sell. Rinse and repeat.
You won't get rich over night, but almost nobody does, but you won't make any losses either as long as you don't fall for a rug pull.
I've seen many coins being touted by their fans that the coin will make you rich but don't fall for it. Stable coins are a good place to start till you understand the market movements before you play with alt coins. And stay away from leverage on the beginning it will wipe you out during a crash.
not financial advice.
Good luck.
#Write2Eam #XRPâïž $XRP So we have been on a long journey with XRP vs the SEC these last few years. There have been ups and downs and many predicting this to carry on fir another year or two.
My expectation is that we may see a settlement coming in the next couple of months which would remove the shackles. Now don't get me wrong, I dint expect an overnight mooning of XRP because whatever the settlement amount it will likely mean Ripple needing to dump a large amount of XRP to raise the funds needed. I expect a settlement of around $1.3 billion since the SEC need to save face and there seems to be a climate in the US to grab whatever the government can from whoever they can.
this would mean a dip before XRP climbs to the $2 to $3 range and will steadily climb from there over the next few years. Unless XRP is used globally instead of SWIFT I don't see the value shooting to the thousands as some hope. We will likely hit a high in the $70 range but even that is quite a gain from the current price.
XRP won't make you rich but if you are patient it will give you a big springboard to invest in further crypto.
not financial advice and as always, be careful out there.
My expectation is that we may see a settlement coming in the next couple of months which would remove the shackles. Now don't get me wrong, I dint expect an overnight mooning of XRP because whatever the settlement amount it will likely mean Ripple needing to dump a large amount of XRP to raise the funds needed. I expect a settlement of around $1.3 billion since the SEC need to save face and there seems to be a climate in the US to grab whatever the government can from whoever they can.
this would mean a dip before XRP climbs to the $2 to $3 range and will steadily climb from there over the next few years. Unless XRP is used globally instead of SWIFT I don't see the value shooting to the thousands as some hope. We will likely hit a high in the $70 range but even that is quite a gain from the current price.
XRP won't make you rich but if you are patient it will give you a big springboard to invest in further crypto.
not financial advice and as always, be careful out there.
#BTC $BTC Well that was a fun ride. I hope everyone made some good profit but now it's starting to look a bit like a bull trap. Be careful and if you get stuck with unrealized loss then don't sell. Rather top up your account and start buying low again.
Good luck out there.
Good luck out there.
#Write2Earn #BTC $BTC Seems like the downtrend continues. sadly it does mean we likely looking at a $35 000 bottom but should start slowly trending up after. This is all due to profit taking following the ETF approval and some panic sellers. I'm adding more where I can and buying some alt coins as well which will show better returns once things turn bullish again. Keep an eye on ALT.
not financial advice.
not financial advice.
$BTC Well what a week. We saw the BTC Etf approval we all waited for followed by a nice boost in price ending the week in a big drop.
All this was to be anticipated though. The price rise was more hype and FOMO driven than anything else which is why it wasn't sustained. The drop is more about profit taking than anything else, just don't panic sell right now.
The Etf approval won't result in a new ATH overnight so don't believe anybody that says this. What Etfs do is expose BTC to a larger market so over time it's better for BTC. Also any large funds out there will first want to see the performance of BTF products before investing large amounts and that will take 18+ months.
Personally, I have set my price and won't sell until then. I see consolidation between 41 000 and 43 000 before a slow and steady rise. That said, I have funds ready if there is a sudden drop to 37 000.
Again, not financial advice just my views.
All this was to be anticipated though. The price rise was more hype and FOMO driven than anything else which is why it wasn't sustained. The drop is more about profit taking than anything else, just don't panic sell right now.
The Etf approval won't result in a new ATH overnight so don't believe anybody that says this. What Etfs do is expose BTC to a larger market so over time it's better for BTC. Also any large funds out there will first want to see the performance of BTF products before investing large amounts and that will take 18+ months.
Personally, I have set my price and won't sell until then. I see consolidation between 41 000 and 43 000 before a slow and steady rise. That said, I have funds ready if there is a sudden drop to 37 000.
Again, not financial advice just my views.
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