If you follow #TON you’d have noticed that it’s quietly moved into #9 in market cap. That in itself isn’t astonishing. What’s astonishing is the silence from Binance!
Less Trading and more Hodling. My lesson is that moving your funds around to try catch the next pump is a futile exercise. In fact, it’s probably capital destructive unless if you strike it lucky 🍀. I lost a lot this week chasing pumps and getting dumps.
Those holding people may have escaped the Crush as experienced by other coins. It’s poised to be the next coin to be manipulated. It’s had a nice 23% rise in 24Hours.
When the Politicians get involved, you know things are about to go mainstream
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Binance News
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US Senator Ted Cruz Purchases Bitcoin Mining Machines
According to Odaily, US Senator Ted Cruz has announced his entry into the world of cryptocurrency mining. Cruz revealed that he purchased three Bitcoin mining machines on June 1st and has begun mining operations in the Iraan area of Texas.
The senator's move into Bitcoin mining marks a significant step into the cryptocurrency sector. This development could potentially influence other politicians to consider the benefits and potential of digital currencies. However, it is important to note that this does not necessarily indicate a shift in political stance towards cryptocurrencies.
Cruz's decision to start mining in Texas is noteworthy. Texas has been recognized as a potential hub for cryptocurrency mining due to its abundant supply of renewable energy. The state's favorable regulatory environment for cryptocurrencies could also be a factor in Cruz's decision.
This news comes amid a growing interest in cryptocurrencies among politicians and lawmakers worldwide. As digital currencies continue to gain traction, it is expected that more public figures will show interest in this emerging technology. However, the implications of this trend on the regulatory landscape of cryptocurrencies remain to be seen.
The “Trailing Up” feature in Grid Trading Bots is really great! It effectively allows you to trade beyond the initial range and the market moves higher.
But make sure you keep adequate margin for your Bots.
This is my Lesson for the Week. I’m sad that it happened but happy that I got the lesson.
I went to sleep and woke up 15 minutes after I exceeded my margin balance and the bot had expired. I added margin (post expiry) hoping it’ll turn back but good old Pepe kept going up.
My lesson is simple: Keep adequate Margin on your Grid Trading Bots. Keep feeding your little piggy 🐷 as the market moves.