The Mistake Majority of Us Make
Why is the crypto market crashing?
The answer lies in a common oversight. Leaving your crypto on exchanges is a significant mistake.
By keeping your coins on exchanges, you're inadvertently contributing to the price decline. Sophisticated traders use screening tools to identify coins accumulating on exchanges. This lack of movement signals low demand, driving prices down.
Moreover, dirty exchanges hold immense power. They can manipulate the market by selling your coins at the current price, buying them back cheaper, and pocketing the difference—a practice known as "shorting." You'd be none the wiser.
Stop loss hunting and all the likes. A price can decline to your stop loss and then bounce back. Is it really by mistake that it always happens?
What Should Be Done?
Protect your investment by withdrawing your crypto to secure wallets like MetaMask or Trust Wallet. This crucial step increases the perceived demand for your coins, potentially boosting their value manifold. Your crypto, your control. Don't let others dictate its fate. Remember, taking custody of your assets is the cornerstone of financial sovereignty in the crypto world. Then, only deposit back when price has reached the point to place spot trade at your profit.
An example, you buy WLD At 1.5, you withdraw it immediately to a wallet. You can set up a monitoring service like Arkam. If price reaches your target, say, 1.75, you deposit to the exchange and create a spot trade or conversion.
By doing so, your coins will not contribute to price manuplation. WLD Grant holders for the upcoming year also if you want to exchange, exchange inapp, and if you want to hold, hold in app or put in vault. Price will be a lot better and we shall all benefit. Except shorters of course.
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