Friends, I observe that there are several people trading or investing with losses. When one invests, it is true that one is exposed; you either lose or win, but the idea is to win.
Cryptocurrencies are volatile assets, meaning they are risky; just as they can increase, they can also decrease, while others maintain stability more or less. Recently, I read from some present here in Binance square that everything boils down to supply and demand and that doing analysis and discussing other data is pure blah, blah, blah.
It is true that supply and demand cause an asset or product to decrease or increase in price, but there is more behind this. What motivates this supply and demand? On one hand, the importance or quality of the product, support, advertising, interest, etc.
In the case of cryptocurrencies, investors are the ones who give them importance; the large companies that invest or even governments. Speaking of this, transactions in cryptocurrencies are a fast alternative, without intermediaries and cheaper. Therefore, some entrepreneurs are using them, and in the case of some governments, in addition to the above, they use them to evade sanctions or as an alternative to the dollar.
That said, friends, analysis is the study of data and market behavior, necessary to know, to a relative extent, the possibility of an asset's appreciation. Of course, every risky asset is exposed to massive token withdrawals by large investors, which can occur due to macroeconomic and political causes, as well as management, stability, and sustainability.
A few have risked in some cryptocurrency and have made huge profits, but the reality is that this does not happen to the majority. That is why it is not good to believe anyone who offers us large profits; we can be scammed.
Do you want to invest? Read my previous posts and you can get an idea.
Friends, my advice is to diversify, that is, do not risk in a single coin. I have also mentioned that profits can be obtained with margin of #Futurosbinance staking. Since my first posts, I mentioned Solana; Binance decided to continue with it, and this coin has been stable so far.
Memecoins started as a joke, and some of these have gained support and some have made profits (you can find more information in my posts). It is worth noting that there is an opportunity with some low-value tokens; if these increase, you can gain profits, and if they drop, the losses will not be great, especially if your investments are not in a single token.
Today my friends, we see a market in anticipation; surely once the election results are obtained, there will be a reaction. I also remind you of the probability that the FED will reduce rates this week (a week of volatility). What will happen? That remains to be seen.
I wish you success and thank you for supporting me. If you want, read my posts; there is more information in them.
