I want to share with you my experience, which I gained through trial and error. I hope it holds. 😊
I staked #BNB , approximately $1200, in the previous 6 projects on Binance Launchpool. My earnings were around $10-15 on average. At the same time, of course, the increase in BNB from $ 425 to $ 625 was an extra profit during this period. However, since I thought that BNB could now do 2x at most and that it would do this during the bull season, I decided to sell the BNBs I had and not participate in Launchpools anymore. I won't participate anymore, at least not for $10-15.
Instead, I will wait 1 day for the price to see the bottom after the coin in Launchpool is published. If you look at previous coins released, many of them bottomed on the first day and then 2x or 3x. So I decided to utilize my earnings in this direction.
For the newly released #Ethena coin, I will just watch it for the first few days and buy from a point I deem appropriate. I hope I will succeed. Remember, unfortunately, high profits cannot be achieved without risk. The only risk here is that if it falls even lower than the price you bought at, you must either buy as it falls further to lower the average, or at least wait until it rises again to the point you bought at.
It is not investment advice. If you develop and apply your own research and strategies, you will at least increase your self-confidence rather than trusting someone you do not know. 😉
Good luck to everyone, friends. 🎉
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