I realize that one of the greatest lessons from the best investors *(and I'm not saying that cryptocurrencies are an investment)* is:
$BTC "... The mistake is to buy when the price is high and sell when it's low."
Hold on... I'll explain: - It doesn't mean that we only buy when cryptocurrencies are plummeting or at values well below normal. It's necessary to investigate, try to learn about the project, analyze the cryptocurrency's chart... but what if I don't know anything about analyzing charts? That's part of evolution.
For everything in life, you need to know before investing (or investing your time). You don't marry a stranger (unless you're from a different culture than me).... finally, DYOR is an expression that means "DO YOUR OWN RESEARCH" $DOGE
Okay, so let's stop with the competition and focus on what matters.
I know that "it's all speculation", that "the market is volatile", and all that we already know, but based on our guesses, which cryptocurrency would you bet on in the short term to make enough money to buy a turkey for Christmas? 🎅🎄🦃🍗
What do you think of $CVC or is it always better to use $BTC ?
On the morning of December 21st, Beijing time 12:00, the current price of BTC is 97,400. If you're still holding a long position, don't panic and sell prematurely. Remember, capital is greedy, and trends in the market don't change easily. My large position in TRX has mostly recovered, and I plan to take partial profits after BTC rises further over the weekend. Of course, this is just my hope, and it may not happen. It doesn't matter how the market moves; it's crucial to know how to profit regardless.
There are two scenarios:
1. BTC continues to rise, which is what I hope for.
2. It encounters resistance at 98,000 and falls back to 95,000.
For scenario 1: If BTC rises, hold your long position and wait to take profits at 99,000 or 100,000. At that time, altcoins may have reached the top on the 1-hour chart, providing an opportunity to open a short position. Additionally, BTC would also be at the 1-hour top, allowing you to profit from a correction.
In summary: Continue holding your long position and avoid chasing the market higher. Wait for a rally to open a short position. Don't open a short position at the current price because there's limited downside potential and a small profit-loss ratio. If BTC falls back to 95,000, it could be considered a trend reversal and a bottom for the bulls. Be patient and let your profits run. It would be a shame to exit early after successfully buying the dip twice. Of course, I will set a 2% stop loss to guard against unexpected market movements.
This is my first POST. I'm a newbie, I've only been here for a month and a half, but I've already noticed that this place is full of experts who think they know everything, who make money and sometimes lose it, that it's full of anxious people who make money and sometimes lose it, that it's full of patient people who make money and sometimes lose it. A post from a person asking for an opinion on cryptocurrency caught my attention $USUAL and some "experts" said, with several very unfounded arguments, that it wouldn't reach $1, well, it not only didn't reach it, but also surpassed that value. And what can we conclude? This market, extremely speculative and highly volatile, is a box of surprises, where many times you have to choose between a few dollars or a "mystery gift", a gift that can be a loss or a gain of money. I feel that there is a lack of empathy and some older sardines towards us, mere puppies who are taking risks in sometimes calm, sometimes turbulent waters.
If I had the opportunity to advise new colleagues in this crypto world, I would say:
1° $PAXG , a cryptocurrency backed by gold, with little volatility (neither goes up nor down significantly), a good reserve
2° $USDT, a cryptocurrency backed by the dollar. It is always good to have a reserve in dollars. Have you ever seen the REAL more expensive than the dollar?
USDT PAXG BTC investment, relatively safe USDT crypto backed by the dollar, stronger than the BRL (Brazilian real) PAXG crypto backed by gold, little variation BTC Bitcoin
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matbibiu
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I'm new to the crypto market! Can anyone tell me which coin I should invest in (preferably very cheap coins)?
Everyone talks about it, but I bought it at R$ 1.81 and it's at R$ 5.33 right now
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Square-Creator-f35ff95ad231e7107e7f
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$USUAL seems like a joke, omg, all the ones that are launched have an absurd increase, then one comes along where everyone is expecting above normal gains, nothing happens, unbelievable 😡
Text Interpretation on the Total Supply of USUAL What the text means: The text is referring to the cryptocurrency USUAL and how the total amount available for trading will change over time.
Total Supply in Pre-Market Trading: This is the amount of USUAL coins that have already been created and are available to be bought and sold before the official listing on the stock exchange. Minded Value: This means that these coins have already been "minted" or created, and exist physically (although they are digital) on the market. Spot Launch: This is the moment when the coin begins to be traded openly on the exchange, without restrictions. Will increase, eventually reaching 4B: This indicates that the total amount of USUAL coins will increase after the spot launch, reaching a maximum of 4 billion coins.
In summary: In the beginning, when USUAL is not yet fully available for trading, there is a specific amount of coins. After the official launch, more coins will be introduced to the market, increasing the total supply and potentially influencing the price. Why this is important:
Price: Generally, the higher the supply of a coin, the lower the price tends to be, as there are more coins available to be purchased.
Market Value: The increase in the total supply can impact the total market value of the cryptocurrency.
Investment Strategies: Investors can use this information to make decisions about when to buy or sell the coin, considering the expected increase in supply.
What can influence this increase:
Issuance Mechanisms: The way in which new coins are issued (e.g. through mining, staking or selling) can influence the speed at which the total supply increases.
Market Demand: Investor demand can also influence the speed at which new coins are brought to the market.
In other words: The text is stating that the USUAL amount of coins that exist today is only a fraction of the total that will exist in the future.
$XRP A little correction is great. We need a break from time to time to be able to think. Maybe sell some, or by more. XRP can't reach $5, $10, $20 or $100 without corrections on the way.
The problem I have with XRP at the moment is selling high and buying more at a lower price since it seems unpredictable. I don't see when the bullish trend is starting again, so I've just transfered my XRP to a cold wallet and hold it there for the time being. Maybe I'll start to sell something when the price is between $5 and $10.