Imagine like usdt or usdc where most of the transaction fee profits are enjoyed by the token issuing company and brokers, but it is said that later the profits generated by usd0 will be distributed to the owners of the USUAL token which is the governance token of usd0.
So it is no wonder why those who understand this do not think twice about buying it. This is speculation, true, but it is a much better speculation than buying those trash meme tokens.
If you buy an instrument without any objective analysis, and then hope it will increase in value in an instant, then that is gambling!
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Sweet_Billionaire
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I invested $1000 in $XRP and now I have $350. I was buying 2.73 but could not understand why it is so down. Can anyone tell me whether to pump or $XRP .
Binance should limit who can post. It's ridiculous that the feed is filled with newbies who can only brag without data and very little trading knowledge and experience. It's stupid for a newbie to brag as if they are a veteran trader, even though they have only known trading for less than 10 years. They should keep their mouths shut instead of acting like stupid clowns.
Most novice traders trade because of what they see visually, what they read/hear from others, or even just because of their beliefs. Their trading decisions are not objective and tend to be emotional. Maybe some of them survived because of luck but most of them just went bankrupt and lost their capital.
While pro/veteran traders do metric data research before making any trading decisions, they use charts and various technical things only as supporting analysis. You might think their trading decisions are crazy, like when everyone is afraid to buy they are greedy to buy, and when people are greedy to buy they are quick to sell, but actually they really know what they are doing.
And when the market is in 1/4 of the new bullish cycle phase like now, you will see a lot of beginners who are actually looking for sell moments and continue to experience losses, ridiculously they even try to influence many people to do the same thing and position themselves as if they were master traders. While the real master traders continue to accumulating instruments in silence.
This kind of vicious circle always happens, because maybe humans can only learn from pain, even though only a few can truly learn from it.
Each market has its own advantages, and the advantage of the crypto market is that it is always open 24 hours and we can fully own any assets we buy, we can store them, transfer them, and sell them at any time. Unlike the forex market where the assets we buy are just futures contracts, or the stock market where the assets we buy require several procedures determined by the relevant financial regulator to be physically printed and transferred.
The funny thing is that beginners actually enter the crypto market by avoiding the advantages offered by the crypto market itself. They are blinded by greed and enter with margin mode, and they trade as if there is no tomorrow and are trapped in the rat race. At the end of their journey they will only experience bankruptcy of capital, mental exhaustion, and wasted time. And they are still wondering where they went wrong. LOL
While others are still interested in investing in ETH, I am staying away from it. The reason is simple, ETH has lost its edge. There are now many other L1 coins that have capabilities that exceed ETH.
Unlike BTC which is irreplaceable as a store of value, ETH is nothing more than an obsolete technology with high costs.
It is ridiculous to invest in something that is obsolete and replaceable.
It is so easy for beginners to be fooled by the words: profitable indicators, profitable copy trades, paid VIP classes that provide profitable signals, to profitable trading seminars.
Believe me, after all these years of experience in the trading world, all of that is just nonsense. There will not be a single consistently profitable trader who will 'sell' or 'share' with other people who are strangers like you.
To become a consistently profitable trader, a lot of knowledge and experience are needed that are continuously honed with various market conditions that rise and fall dynamically.
To become a doctor, you have to study theory and practice for years, no one can suddenly become a doctor instantly and then be able to perform surgery. No one suddenly becomes a great general, all start from the lowest rank!
So does it make sense to become a consistently profitable trader in just a short time? In fact, the profession of a trader itself is a very rare and very difficult profession compared to other professions.
There are no shortcuts for every profession!
If you are serious then learn and do not be easily fooled by all the nonsense they do, focus on what your goals are, if your determination is lacking, you better stop right now. Besides, not everyone has to be a trader, right? And there are many ways to be successful.
Every commodity has its production costs, including bitcoin. Just like other commodities in the world, production costs are influenced by many factors, but in general the average production cost can be calculated. Currently, the average production cost required to obtain 1 bitcoin from the mining process is around 66,900 USD (based on metric data from the macromicro site) And like other commodities in the world, the sane selling price of a commodity is always higher than its production costs, because in normal situations no sane person will sell at a loss. That is why every time the price of bitcoin drops below its production costs, the reckless whales devour it. Because the brain of a whale is different from the brain of anchovies.
Sane people buy at a discount, sell at a premium.
Unsane people buy at a premium, sell at a discount.
Why do many airdrop coins and tokens crash in price?
The main cause is actually because a handful of people have too big share, especially those who are influencers who have successfully recruited many people to join the airdrop project.
The current airdrop system gives too much commission to such people with various justifications. Unfortunately, people like them are the type who will not be loyal to any project. After getting a lot of shares in a project, they will sell all their shares and immediately look for another new airdrop project. Completely destroying the ecosystem and community.
On the other hand, individuals who are truly alone without relying on referrals, they work harder like laborers, are emotionally attached to the projects they follow but get less shares which is very unfair. They are very loyal and have high hopes that the value of the coin or token will be stable and increase, the same as the developer. Unlike influencers who don't care if their value will be destroyed because all they have in mind is quick and instant profit.
Who knows how long developers will remain oblivious to trivial matters like this, and allow the multi-level marketing mentality to poison the cryptocurrency world.
As long as this continues, any airdrop will always suffer the same fate. No matter how good the project is.
1) BTC because it is the first crypto coin and has become digital gold that is even rarer than gold itself.
2) BNB because it is a utility coin from the world's largest exchange, which has many benefits that no other coin in the world has. I think of it like a stock that represents the Binance company itself.
3) XRP because outside of the many controversies surrounding it, it is a crypto coin that will bridge the gap between decentralized digital currencies and centralized fiat currencies. The only coin that was created from the start to embrace banks around the world to accept digital currencies.
4) ASI (FET + AGIX + OCEAN) the reason is because we are currently living in the early era of AI, in the future everything will be integrated with AI, and in facing that the 3 crypto giants in the AI field combine their resources and capabilities. There is no AI coin that is more fundamentally promising than this.
5) TON do you still need help to know the reason? Look back, how did bitcoin struggle to be known and recognized? How many thousands of faucets were opened? But look at TON, it is integrated into the telegram application which has indeed gone viral. This is a revolution whether you realize it or not. Do you still need to be explained how its potential is? It will be too long. I will only say that this is the killer of ETH, SOLANA, and many other coins. TON is a real monster. In the future 99% of tokens will choose TON, because it is very easy to reach many people with the help of the telegram platform.
Warning! DYOR! This is not an advise, its only my personal opinion.
In my experience Core Dao is a very fast(almost instant) cryptocurrency, it also combines the advantages of bitcoin and ethereum. Created by an anonymous group and has its own loyal community. But surprisingly its existence seems to be ignored by centralized brokers. Is it because its existence threatens CEX coins, or because its creator is an anonymous group?
Of the many coins, only a few were created by anonymous people, the most famous is bitcoin. While the majority of other coins are created by individuals/commercial groups.
Shouldn't cryptocurrencies be anonymous and decentralized? If not then what's the difference with regular e-money?
It's really unfortunate how people so easily deviate from the purpose of the existence of cryptocurrencies themselves.
This is a breakthrough in the crypto world. Has great potential. L1, PoW, its provides a new outlook on validation, which could take the concept of decentralizedization a step further. Has an innovative data structure in blockchain/cryptocurrency systems. Addresses scalability and confirmation time limitations of traditional blockchains. Overcome bottlenecks, scalability challenges. Faster consensus mechanisms. Concurrency: Multiple branches confirmed simultaneously, boosting transaction throughput. Higher throughput with reduced single-chain dependency. Confirmation Speed: Parallel paths lead to faster transaction confirmations. Orphan Blocks: Minimized due to multi-path confirmation.
It is currently in the presale process, and is quickly gaining attention from blockchain activists and investors. I bought some just in case.
Always do a DYOR before investing, and always use cold funds.
A slight correction in price, they say: "What did I say! I already said bla bla bla." Feeling like a fortune teller? Feeling like you know everything in the world?
A decent correction in price, they say: "History repeats itself!" Then why haven't any historians become millionaires throughout the history of human civilization?
A significant correction in price, they say: "The trend has changed, let's sell!" Great! Coincidentally, we need more coins and liquidity to accumulate.
Every time there's a price correction, they panic, have trouble sleeping, and keep worrying. Enjoy the leverage sensation. If you want to make a lot of profit, you have to be prepared to lose a lot, that's what a double-edged sword means!
A slight correction in price, the other party remains unmoved. A significant correction in price, the other party wakes up and becomes greedy again, eating and eating and eating.
Do you know the difference between a group of victims and predators? Then ask yourself, which one are you?
Since its inception, the price of Bitcoin has continued to rise. And with each halving, it tends to increase even more, never returning to its pre-halving levels. Bitcoin adoption is increasing, and almost everyone has heard of it, even if they don't fully understand it. Bitcoin has been officially recognized as a digital commodity and approved as an ETF. Various financial institutions openly accumulate Bitcoin as part of their diversification strategy for hedging and investment purposes.
From this data, we know that: - The potential for Bitcoin price increase is unlimited. - The risk of Bitcoin price decrease is limited to the lowest price before halving, which has never been reached in the three previous halvings.
With all of this data, you still not make money from Bitcoin's movement? Are you kidding ! Then, Please close your trading acc and uninstall your trading apps... For your own sake.
A trader or investor needs an analysis method before making a trading decision. Both fundamental and technical analyses must be used; neither can be ignored.
And every analysis method requires raw data to be processed. One of the most important raw data is the COT report. Commitments of Traders (COT) display the trading positions of major players. We can broadly understand which direction they lean towards, whether it's bullish or bearish positions.
Remember that what moves prices is the flow of money! So, it's crucial to follow where the big money is flowing, never go against it. This is the true meaning of the phrase: "Trend is your friend." Trend isn't just about the ups and downs on a graph; it's the direction of the big money flow itself.
In every COT report, there are various participants, and the participants we need to focus on are the asset managers. Because they enter the market with the primary goal of seeking profit, they will do everything they can. Unlike other participants who are mostly just hedging, fulfilling transactions, etc., asset managers/hedge funds/institutions purely aim for speculation for profit. They are predators; don't fight them.
The latest COT report shows that their net positions are still buying and experiencing an increase in buying positions. No matter what your technical analysis based on your indicators says, whether there will be retracement, etc., ignore it! Because it's not the indicators that make prices move up and down but the flow of money! Don't deceive yourself!
Learn and keep learning, don't become a follower of scammers who only talk nonsense.