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Zeb Khan
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Bullish
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$BTC
Wil Bitcoin recover to an all time high with Christmas right around the corner? What do you guys think?
#BTCNextMove
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Zeb Khan
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$1000CHEEMS It has risen from 0.0005. I think a crash is incoming any day now.
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Bitcoin was launched as a decentralized payment system, but crypto currency has greatly evolved. While there are a few useful projects with some utility, however, I think it's a complete scam. Here are the reasons: 1. Meme coins: What purpose do they serve? Except for the creators to get rich and fool buyers who think that the meme coin will make them millionaires. For that matter I don't know what purpose do other supposedly "good projects" serve. 2. Every coin drops in value over time. ( I think Bitcoin may have reached it's peak as well). The spot traders buy them hoping for profits, meanwhile the exchanges and early buyers use their funds to take profits. So what to do? Avoid crypto altogether, it's like gambling. The house mostly wins. If you till insist, be very careful. 1. Don't buy meme coins, short them. (Eventually they will dump even if they temporarily rise) 2. Spot trading is safer, but I think they're used for liquidity. (To dump their coins on) For futures: 3. I personally think one should short coins which have recently pumped. Beware though because they can still liquidate you e.g. recently $AUCTION pumped to ATH shocking many. So did $FUN pumped with very high negative fee. 4. If you go long, check value of Bitcoin , go long when Bitcoin has recently dumped for the day, and near resistance level. (Most coins move in tandem with BTC). 5. Don't let your trade go too long. Better to use stop loss. Trying to buy more to lower average can get you into serious trouble 6. Use low leverage 2x -5x max. For BTC higher leverage may be used. 20x max. 7. Use a small portion of your funds for trade Upto 10%-20%. Use remaining for risk management.
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My avg. is 0.05. Half the money lost $200
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I think it would be delisted soon. It's price has been in free fall for a few weeks now. I just hope it pumps once so we can recover our losses.
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So sorry for your loss. Mera bhi hua 600+ 😭. Hope tomorrow market recovers 😓
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