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PNUT Defender
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Bullish
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$PNUT
Thank God I waited and kept stacking since it hovered around $1.05-$1.30. Now got my initial price back.
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$ACT has already been leaving his brother $PNUT Actually it is because PNUT market is too big from the first place.
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$PNUT The market maker is still in control but there are more and more retailers too because of the price surge. Some of those who cutloss earlier are also joining again. Hopefully PNUT (and ACT) can have more organic supply-demand after this month. However, that harsh treatment in the past few days are not guaranteed not to repeat again as Big Brother still has most of he supply.
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$PNUT $ACT These two brothers are awakened by Wintermute, but it seems that PNUT lags behind, probably because few days ago, PNUT got spiked up more than ACT, so Wintermute coin supply is less for this coin. I have bought $10 worth of PNUT almost every day, so it is good for me. My habit as a value investor will be paid up one day.
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$PNUT The total of PNUT holders is around 60,000 wallets. It is not big nor is it too small. But for a coin with around billion dollar market cap, 60,000 wallets are not enough. I think it should be around 100,000 wallets.
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$BTC $SOL $PNUT I am a type of value investor. In my previous experience in stock market, value investors will beat traders in any day. However, in crypto space, a great trader has a chance to beat holders. But to reach that level, you will need a steep learning curve and experience, often with big loss. How to be the traders that can actually get net profit: 1. Tight money management is the key for short-term trading. Only put 1%-2% max per position. It is different if you plan to hold long-term. 2. Focus on making continuous small profits into substantial gains (except if you see a very promising coin that can net you hundreds of percent). 3. Technical analysis knowledge is essential for entry timing. If that is too hard for you, there are actually many seasoned traders in Square can give you signal and coin analysis for free. 4. Always think twice or even thrice before you press buy or sell. Impulsive buying or selling will lead to disaster. 5. Be brave to take a calculated risk. If you see the coin potential outweighs the risk, go for it. 6. Be humble and always be willing to learn from others. This is work, not a play. You will see that there are so many things to learn about crypto trading. #Write2Earn
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