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Lesson#2
Avoid Leverage Trading :
Many of the new traders start their trading journey with leverage trading, and almost 99 percent of them lose all their money within the first 6 months. Leverage trading is absolutely risky, and it is not suggested for newcomers. Never enter the market directly into leverage trading. For the first couple of years, just focus on spot trading. Then, once you become familiar with the market dynamics, only then enter the futures market, but never put more than 20 percent of your portfolio in futures trading. Your 80 percent must be in spot trading.
I know with little investment, you might think that spot trading may not generate you enough profit, but that's absolutely not true in crypto. We have seen so many coins going 10x, 15x in crypto. If you have only $100, you can easily convert them to four digits if, after due diligence, you find some gem altcoins.
So, the lesson learned is to only invest 20 percent of your portfolio into futures trading; the rest must be in spot trading. And this twenty percent must come after two years of working with spot accounts. Never go directly to futures on day one of your trading journey.
#MarketPullback
Avoid Leverage Trading :
Many of the new traders start their trading journey with leverage trading, and almost 99 percent of them lose all their money within the first 6 months. Leverage trading is absolutely risky, and it is not suggested for newcomers. Never enter the market directly into leverage trading. For the first couple of years, just focus on spot trading. Then, once you become familiar with the market dynamics, only then enter the futures market, but never put more than 20 percent of your portfolio in futures trading. Your 80 percent must be in spot trading.
I know with little investment, you might think that spot trading may not generate you enough profit, but that's absolutely not true in crypto. We have seen so many coins going 10x, 15x in crypto. If you have only $100, you can easily convert them to four digits if, after due diligence, you find some gem altcoins.
So, the lesson learned is to only invest 20 percent of your portfolio into futures trading; the rest must be in spot trading. And this twenty percent must come after two years of working with spot accounts. Never go directly to futures on day one of your trading journey.
#MarketPullback
Rapidaccess:
Thank you so much for your feedback
#BTCNextMove 2 great news from telegram mini apps
#1 Yescoin snapshot is live :- head to your yescoin miniapp to check for your snapshot
#2 tomaket will be list it token $toma today
#1 Yescoin snapshot is live :- head to your yescoin miniapp to check for your snapshot
#2 tomaket will be list it token $toma today
#MarketPullback $DOGE
Was hoping for a little bounce back at line #1 in the fibonacci...
So next possible bounce back will be at line #2 in the fibonacci because bounce back is not too common in the middle, although might be possible.
This bounce back might continue up to line #1 of the fibonacci until it goes bearish again.. because you can see a resistance around that level..
Possible entry is in range #3 or could be higher if trading in spot or low leverage... however, high leverage trading must be careful.. I think it will be in a matter of 2-3 days from today..
As always, continue doing your own research and analysis and do not rely solely on my opinions..
Was hoping for a little bounce back at line #1 in the fibonacci...
So next possible bounce back will be at line #2 in the fibonacci because bounce back is not too common in the middle, although might be possible.
This bounce back might continue up to line #1 of the fibonacci until it goes bearish again.. because you can see a resistance around that level..
Possible entry is in range #3 or could be higher if trading in spot or low leverage... however, high leverage trading must be careful.. I think it will be in a matter of 2-3 days from today..
As always, continue doing your own research and analysis and do not rely solely on my opinions..
Welcome #1 $BNB Hodler 🤝 #2 PENGU Token
#1 Binance HODLer
The Binance HODLer Airdrop is a program where users holding BNB (Binance Coin) in the Simple Earn products (Flexible or Locked) receive free tokens.
Here's a brief overview:
🤩 Eligibility: Users must hold BNB in Simple Earn during specified times.
✨Mechanism: Airdrops are based on historical snapshots of BNB balances.
🎁 Rewards: Tokens from new projects listing on Binance are distributed to eligible BNB holders.
Purpose: To reward BNB holders and promote engagement with new token projects.
Additional Benefits: BNB holders still enjoy standard benefits like Launchpool and Megadrop rewards.
This initiative aims to encourage long-term holding of BNB by offering additional token rewards.
#2 PENGU: Pudgy Penguins' Token
Launch: 2024, on Solana, with plans for Ethereum and Abstract.
Total Supply: 88.88 billion tokens;
Distribution:
💰 25.9% community airdrop.
💰 24.12% for other Web3 communities.
💰 17.8% team (vested).
💰 12.35% liquidity.
💰 11.48% company (vested).
💰 4% public good.
Utility:
- Staking rewards for NFT holders.
- Purchase of merchandise and access to exclusive events.
- Governance through voting rights.
Security: Beware of scams; use verified sources.
Market Impact: High interest, volatile market performance.
Conclusion: PENGU aims to enhance the Pudgy Penguins ecosystem, offering both utility and engagement, but with inherent crypto market risks.
#1 Binance HODLer
The Binance HODLer Airdrop is a program where users holding BNB (Binance Coin) in the Simple Earn products (Flexible or Locked) receive free tokens.
Here's a brief overview:
🤩 Eligibility: Users must hold BNB in Simple Earn during specified times.
✨Mechanism: Airdrops are based on historical snapshots of BNB balances.
🎁 Rewards: Tokens from new projects listing on Binance are distributed to eligible BNB holders.
Purpose: To reward BNB holders and promote engagement with new token projects.
Additional Benefits: BNB holders still enjoy standard benefits like Launchpool and Megadrop rewards.
This initiative aims to encourage long-term holding of BNB by offering additional token rewards.
#2 PENGU: Pudgy Penguins' Token
Launch: 2024, on Solana, with plans for Ethereum and Abstract.
Total Supply: 88.88 billion tokens;
Distribution:
💰 25.9% community airdrop.
💰 24.12% for other Web3 communities.
💰 17.8% team (vested).
💰 12.35% liquidity.
💰 11.48% company (vested).
💰 4% public good.
Utility:
- Staking rewards for NFT holders.
- Purchase of merchandise and access to exclusive events.
- Governance through voting rights.
Security: Beware of scams; use verified sources.
Market Impact: High interest, volatile market performance.
Conclusion: PENGU aims to enhance the Pudgy Penguins ecosystem, offering both utility and engagement, but with inherent crypto market risks.
How to Create Your Own Memecoins: A Step-by-Step Guide to Using Pump.fun
The rise of memecoins has taken the crypto world by storm, with platforms like Pump.fun leading the way.
This Solana-based memecoin generator has streamlined the process of creating and launching tokens, allowing anyone to dive into this vibrant space—even those without technical expertise.
Understanding Pump.fun
Pump.fun simplifies the creation of memecoins, removing the usual complexities associated with token launches.
Traditionally, launching a token required an understanding of smart contracts and liquidity management, which could be daunting for many.
However, Pump.fun automates these processes, enabling users to mint their own tokens by simply selecting a name, symbol, and image.
Creating Your Own Memecoin
If you're ready to create your own memecoin, follow these simple steps:
Step #1 : Visit Pump.fun
Start by heading to the Pump.fun website and connecting your Solana wallet. This wallet will handle transactions related to your new token.
Step #2 : Initiate Your Token Creation
Click on the option to "start a new coin." Here, you can choose your token name, ticker symbol, and upload an image that represents your token. Providing a description can help potential buyers understand your token's purpose and value.
Don’t forget to link your social media accounts to enhance credibility.
As the creator, you can also place your buy orders early, which can help you secure your tokens before any potential bots or snipers take action.
Step #3 : Purchase Your Memecoin
Once your token is set up, you’ll reach the buy page. This interface will show the current status of your token, including its position on the bonding curve.
As more tokens are purchased, the price will increase based on supply and demand dynamics.
The platform also provides vital information such as holder distribution and real-time trade activity, which can give you insights into market movements.
There’s even a comments section for community engagement, allowing discussions and questions around your token.
#N4G
The rise of memecoins has taken the crypto world by storm, with platforms like Pump.fun leading the way.
This Solana-based memecoin generator has streamlined the process of creating and launching tokens, allowing anyone to dive into this vibrant space—even those without technical expertise.
Understanding Pump.fun
Pump.fun simplifies the creation of memecoins, removing the usual complexities associated with token launches.
Traditionally, launching a token required an understanding of smart contracts and liquidity management, which could be daunting for many.
However, Pump.fun automates these processes, enabling users to mint their own tokens by simply selecting a name, symbol, and image.
Creating Your Own Memecoin
If you're ready to create your own memecoin, follow these simple steps:
Step #1 : Visit Pump.fun
Start by heading to the Pump.fun website and connecting your Solana wallet. This wallet will handle transactions related to your new token.
Step #2 : Initiate Your Token Creation
Click on the option to "start a new coin." Here, you can choose your token name, ticker symbol, and upload an image that represents your token. Providing a description can help potential buyers understand your token's purpose and value.
Don’t forget to link your social media accounts to enhance credibility.
As the creator, you can also place your buy orders early, which can help you secure your tokens before any potential bots or snipers take action.
Step #3 : Purchase Your Memecoin
Once your token is set up, you’ll reach the buy page. This interface will show the current status of your token, including its position on the bonding curve.
As more tokens are purchased, the price will increase based on supply and demand dynamics.
The platform also provides vital information such as holder distribution and real-time trade activity, which can give you insights into market movements.
There’s even a comments section for community engagement, allowing discussions and questions around your token.
#N4G
4 Major Token Unlocks to Watch in the Coming Days
Token unlocks often create significant market movements, presenting opportunities for traders and investors. Here are four of the biggest upcoming token unlocks that you should keep an eye on:
1️⃣ Token Name #1 : Cardano ($ADA )
Unlock Date: 16 December , 12:00AM UTC
Amount to be Unlocked: 0.05% of circulation supply Worth to be $20.11M
Potential Impact: Large unlocks can increase circulating supply, potentially leading to short-term price volatility.
2️⃣ Token Name #2 : Arbitrum ($ARB )
Unlock Date: 16 December, 1:00PM UTC
Amount to be Unlocked: 2.26% of circulation supply Worth to be $91.07M
Potential Impact: This unlock could affect market sentiment, especially if a significant portion is allocated to early investors or the team.
3️⃣ Token Name #3 : ApeCoin ($APE )
Unlock Date: 17 December, 12:30PM UTC
Amount to be Unlocked: 2.16% of circulation supply Worth to be $23.87M
Potential Impact: Watch for sell pressure as early holders may look to realize profits.
4️⃣ Token Name #4 : Eigen layer (Eigen)
Unlock Date: 17 December, 7:00PM UTC
Amount to be Unlocked: 0.61% of circulation supply Worth to be $6.21M
Potential Impact: If the unlock aligns with strong market demand, the impact may be muted, but low liquidity could amplify price movements.
Token unlocks often create significant market movements, presenting opportunities for traders and investors. Here are four of the biggest upcoming token unlocks that you should keep an eye on:
1️⃣ Token Name #1 : Cardano ($ADA )
Unlock Date: 16 December , 12:00AM UTC
Amount to be Unlocked: 0.05% of circulation supply Worth to be $20.11M
Potential Impact: Large unlocks can increase circulating supply, potentially leading to short-term price volatility.
2️⃣ Token Name #2 : Arbitrum ($ARB )
Unlock Date: 16 December, 1:00PM UTC
Amount to be Unlocked: 2.26% of circulation supply Worth to be $91.07M
Potential Impact: This unlock could affect market sentiment, especially if a significant portion is allocated to early investors or the team.
3️⃣ Token Name #3 : ApeCoin ($APE )
Unlock Date: 17 December, 12:30PM UTC
Amount to be Unlocked: 2.16% of circulation supply Worth to be $23.87M
Potential Impact: Watch for sell pressure as early holders may look to realize profits.
4️⃣ Token Name #4 : Eigen layer (Eigen)
Unlock Date: 17 December, 7:00PM UTC
Amount to be Unlocked: 0.61% of circulation supply Worth to be $6.21M
Potential Impact: If the unlock aligns with strong market demand, the impact may be muted, but low liquidity could amplify price movements.
A Quick guide on analysing any coin.
I'll give you a smal guide to save it on your computer, you can use it to identify if a coin is most likely to pump or not.
Choose any coin and Apply the following and if it scores (7/10), you can buy it 'Of course, The higher the score the better'
Here are your criteria:
#1 Chart (4 Points)
Go to the coin's chart, and do as follow:
- On Monthly time frame, draw a line exactly in the middle of the chart, and ask yourself, is the price below or above it?
- Do the same on weekly, Daily, 4H
If All the time frames mentioned above is below the line you draw, give your coin 3 points out of 3.
If You find The monthly above the line, the weekly/daily/4H below it, then it's a (3/4)
#2 Token omics (2 Points)
- Go to coinmarketcap, or simply write your coin ticker+cmc on google search, so if you are searching for WLD for example, just search WLD CMC on google.
- Open the coin page on Coin market cap, and check the follow:
Max supply, Circulating supply, if the coin has a huge max supply then thats a "No coin" unless the coin has many zeros.
Ex: a coin price is 0.002 while it has 20 Billion max supply.. that's okey, how you going to see if you were right?
Check the FDV 'Fully diluted value', it shouldn't be a huge one, search for tokens that has 200-500M FDV, these are the coins likely to pump faster and more often.
If your token has low max supply and low FDV, give it 2 points, if it has moderate max supply and moderate FDV, give it 1.
- Also make sure the circulating supply isn't below 50% of the token max supply.
#3 News (1 Point)
While you are on CMC, check the news section, see the last 3-4 topics written on this coin, were they positive? were they recent or days ago?
If you find any good news in the past 7 days, give this coin 1 point.
#4 Macro elements (3 Points)
Finally, the macro elements, you can search my profile for the word "macro" to understand more, but a quick brief, it's the elements that affect the whole market, such as CPI news, Hacks, public sentiment.. etc and rate the news with points.
#N4G
I'll give you a smal guide to save it on your computer, you can use it to identify if a coin is most likely to pump or not.
Choose any coin and Apply the following and if it scores (7/10), you can buy it 'Of course, The higher the score the better'
Here are your criteria:
#1 Chart (4 Points)
Go to the coin's chart, and do as follow:
- On Monthly time frame, draw a line exactly in the middle of the chart, and ask yourself, is the price below or above it?
- Do the same on weekly, Daily, 4H
If All the time frames mentioned above is below the line you draw, give your coin 3 points out of 3.
If You find The monthly above the line, the weekly/daily/4H below it, then it's a (3/4)
#2 Token omics (2 Points)
- Go to coinmarketcap, or simply write your coin ticker+cmc on google search, so if you are searching for WLD for example, just search WLD CMC on google.
- Open the coin page on Coin market cap, and check the follow:
Max supply, Circulating supply, if the coin has a huge max supply then thats a "No coin" unless the coin has many zeros.
Ex: a coin price is 0.002 while it has 20 Billion max supply.. that's okey, how you going to see if you were right?
Check the FDV 'Fully diluted value', it shouldn't be a huge one, search for tokens that has 200-500M FDV, these are the coins likely to pump faster and more often.
If your token has low max supply and low FDV, give it 2 points, if it has moderate max supply and moderate FDV, give it 1.
- Also make sure the circulating supply isn't below 50% of the token max supply.
#3 News (1 Point)
While you are on CMC, check the news section, see the last 3-4 topics written on this coin, were they positive? were they recent or days ago?
If you find any good news in the past 7 days, give this coin 1 point.
#4 Macro elements (3 Points)
Finally, the macro elements, you can search my profile for the word "macro" to understand more, but a quick brief, it's the elements that affect the whole market, such as CPI news, Hacks, public sentiment.. etc and rate the news with points.
#N4G
hy guys market show signal is #3#2 waitt for 1 one and bullish this is my personal opinion thanks for watching 💖
Review #2
India has approved Binance license on 15 August 2024, Russia approved international payment using Crypto on 30 July 2024, and on going to transfer assets using Crypto to Russia till the end of 2024. China still considering to open Crypto market, as an alternate of USD control by US relate to Taiwan conflict. We can imagine if they also approved, these are huge economy countries.
This means they can receive payment via Crypto coin thru marketplace like binance etc and transfer out to their own Fiat currencies. plus digital social media and advertising in these countries that will educate more people on Crypto.
it means new demands, and (coin limited supply) scarcity,will create more value to Crypto. Either these countries will use existing coin or they will create their own, it will add demand to market.
The only thing is that US will not be able to control Russia and China as they are no longer use Dollar. So we should see how US solve this situation that will impact Crypto market or will hold back.
Let say US will banned Crypto, combination of this huge economic countries will still be able to balance Crypto market. And we will see the rest of the world like Saudi , will open to Crypto.
Its a long shot, but some already happened this year, Hold your coin $BTC
India has approved Binance license on 15 August 2024, Russia approved international payment using Crypto on 30 July 2024, and on going to transfer assets using Crypto to Russia till the end of 2024. China still considering to open Crypto market, as an alternate of USD control by US relate to Taiwan conflict. We can imagine if they also approved, these are huge economy countries.
This means they can receive payment via Crypto coin thru marketplace like binance etc and transfer out to their own Fiat currencies. plus digital social media and advertising in these countries that will educate more people on Crypto.
it means new demands, and (coin limited supply) scarcity,will create more value to Crypto. Either these countries will use existing coin or they will create their own, it will add demand to market.
The only thing is that US will not be able to control Russia and China as they are no longer use Dollar. So we should see how US solve this situation that will impact Crypto market or will hold back.
Let say US will banned Crypto, combination of this huge economic countries will still be able to balance Crypto market. And we will see the rest of the world like Saudi , will open to Crypto.
Its a long shot, but some already happened this year, Hold your coin $BTC