If it sounds too good to be true, it probably is! | Master Mint on Binance Square

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If it sounds too good to be true, it probably is! 

Richard Teng

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Today seems to be a red day, with BTC falling and ETH following suit. Some of the reasons for this could be ongoing regulatory uncertainty in certain key regions. Is it a good idea to buy in the dip and wait? 📌As always, do your own research and don’t let FOMO cause you to lose money. #CryptoMarketDip

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It’s a great idea to have a plan if you’re looking to get into the crypto space in 2025. There are a few strategies that you can use to make it a smoother journey. 🚀Don’t be motivated by the Fear of Missing Out (FOMO). Sometimes, a lot of hype is created around a particular coin to manipulate the market. FOMO can also push you to buy during a price surge. 🚀Don’t break the bank to invest in the latest project. Do your research and have an investment plan. You shouldn’t take out all your savings and invest on a whim. 🚀Have a strategy. The crypto market can be volatile so you need a strategy to guide you. Determine whether to buy, hodl or sell by studying the market. Are you building your investment, making profits in the short term or looking for long term gains? 🚀Understand your trades. Some trades can have high transaction costs, or may be more risky than others. Know what you are getting yourself into. As always do your own research and don’t let FOMO make you lose money #CryptoReboundStrategy

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📌How not to lose money 101! I started out by buying a little Shib, ETH, BNB and BTC. Essentially, my portfolio was overstretched and I didn’t see much in terms of gains. Then I liquidated everything and took a gamble on $PEPE and I saw some gains and invested more. I took another gamble when ME was first listed and made some gains as well. Cue overconfidence 🥁… I tried this again with PENGU and lost massively. I didn’t wait for the price to stabilize after the initial listing and paid heavily. I sold at a loss and bought$PEPE . Now I’m hodling and it seems promising. 📌Lesson: Don’t be greedy. As always, do your own research and don’t let FOMO make you lose money. 📌Another lesson: I should have followed my own advice

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After reaching an ATH of $108,319.87, $BTC has dipped to $94,715. This could possibly because investors taking out their profits. Is this a good time to capitalize on the dip and buy more? It remains to be seen. As always, do your own research and don’t let FOMO make you lose money! #BTCNextMove

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$PENGU is set to open for spot trading soon. While new listings create opportunities for quick gains, prices are also highly volatile. As always, do your own research and don’t let FOMO make you lose money.

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