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Abukunolu
@Abukunolu
Creationist (Through & For Him) | Entrepreneur | Brand and Web Expert
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Bullish
My Crypto Journey: 5 Lessons Learned from 2020 My journey into the world of crypto started with a simple payment transaction from a client but as evolved into a valuable learning experience. These lessons have not only shaped my investment approach but also instilled a sense of resilience and strategic thinking in navigating the dynamic crypto landscape.Know and Understand How the Market Works: When I first entered the world of crypto in 2020, my primary concern as freelance website designer was converting my earnings to fiat currency. It wasn't until a friend offered advice that I began delving into the intricacies of the crypto market. Understanding market trends, analysis, and the factors influencing cryptocurrency values became crucial for making informed decisions.2. Whatsoever Goes Up Comes Down & Vise Versa: This timeless principle reminded me of the inherent volatility in the crypto market. Witnessing fluctuations in prices, I realized the importance of not getting carried away by rapid gains. This wisdom guided me to approach my investments with a balanced perspective, prepared for both ups and downs which basically indications to either buy more or sell off.3. Hodl: The term "Hodl" became more than just a misspelling of "Hold" for me. It represented a strategy of holding onto my crypto assets despite short-term market fluctuations. This approach allowed me to weather market storms and benefit from potential long-term growth, but you must be careful to hold the right coin, I remember buying $SOL at less than $25 and selling at $250+ 4. Put What You Can Afford to Lose: The realization that cryptocurrency investments carry inherent risks prompted me to adopt a cautious approach. Investing only what I could afford to lose became a fundamental principle. This mindset helped mitigate potential losses and allowed me to navigate the market without compromising my financial stability.I will talk about Cost Per Dollar in my other write up soon5. Take Profit: As I delved deeper into the crypto space, I embraced the importance of strategic profit-taking. Recognizing opportune moments to secure profits provided a means to capitalize on market highs. This strategy, combined with a well-thought-out exit plan, added a layer of financial discipline to my crypto journey.What's one or two lessons you've learnt too?$BTC $ETH #Write2Earn #TrendingTopic #FIL #ETH #CryptoLessons

My Crypto Journey: 5 Lessons Learned from 2020

My journey into the world of crypto started with a simple payment transaction from a client but as evolved into a valuable learning experience. These lessons have not only shaped my investment approach but also instilled a sense of resilience and strategic thinking in navigating the dynamic crypto landscape.Know and Understand How the Market Works: When I first entered the world of crypto in 2020, my primary concern as freelance website designer was converting my earnings to fiat currency. It wasn't until a friend offered advice that I began delving into the intricacies of the crypto market. Understanding market trends, analysis, and the factors influencing cryptocurrency values became crucial for making informed decisions.2. Whatsoever Goes Up Comes Down & Vise Versa: This timeless principle reminded me of the inherent volatility in the crypto market. Witnessing fluctuations in prices, I realized the importance of not getting carried away by rapid gains. This wisdom guided me to approach my investments with a balanced perspective, prepared for both ups and downs which basically indications to either buy more or sell off.3. Hodl: The term "Hodl" became more than just a misspelling of "Hold" for me. It represented a strategy of holding onto my crypto assets despite short-term market fluctuations. This approach allowed me to weather market storms and benefit from potential long-term growth, but you must be careful to hold the right coin, I remember buying $SOL at less than $25 and selling at $250+ 4. Put What You Can Afford to Lose: The realization that cryptocurrency investments carry inherent risks prompted me to adopt a cautious approach. Investing only what I could afford to lose became a fundamental principle. This mindset helped mitigate potential losses and allowed me to navigate the market without compromising my financial stability.I will talk about Cost Per Dollar in my other write up soon5. Take Profit: As I delved deeper into the crypto space, I embraced the importance of strategic profit-taking. Recognizing opportune moments to secure profits provided a means to capitalize on market highs. This strategy, combined with a well-thought-out exit plan, added a layer of financial discipline to my crypto journey.What's one or two lessons you've learnt too?$BTC $ETH #Write2Earn #TrendingTopic #FIL #ETH #CryptoLessons
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Unveiling the Force of Buy and Sell In the ever-evolving world of cryptocurrency, the force of buy and sell plays a pivotal role in shaping market trends and determining asset values. Understanding the dynamics of these market forces is crucial for both seasoned traders and newcomers navigating the digital financial landscape. The cornerstone of crypto trading lies in the constant interplay between buyers and sellers. When buyers outnumber sellers, prices surge, reflecting increased demand. Conversely, a surplus of sellers can drive prices down as supply exceeds demand. This delicate balance creates a dynamic market where value is in constant flux. The force of buying is fueled by various factors, including positive news, technological advancements, and overall market sentiment. When investors perceive a cryptocurrency as promising, a surge in buying activity often follows, driving up the coin's value. Conversely, negative news or regulatory uncertainties can trigger a sell-off, exerting downward pressure on prices. Savvy traders keep a close eye on market indicators, such as trading volume, to gauge the strength of buying or selling forces. High trading volume during an uptrend suggests robust buying activity, while an increase in volume during a downtrend signals intensified selling pressure. Market psychology also plays a crucial role in the force of buy and sell. Fear and greed drive many trading decisions, influencing market sentiment. Understanding these emotional factors allows traders to anticipate market movements and make informed decisions. Cryptocurrency prices are not solely dictated by market forces but are also influenced by external factors, including macroeconomic trends, regulatory developments, and technological advancements. As the crypto space continues to mature, the force of buy and sell remains a dynamic and influential factor shaping the digital asset landscape. $XRP $SOL $BNB #buyinred #sellingreen #BEARISH_MARKET #BullRun🐂 #MarketIndicators
Unveiling the Force of Buy and Sell

In the ever-evolving world of cryptocurrency, the force of buy and sell plays a pivotal role in shaping market trends and determining asset values. Understanding the dynamics of these market forces is crucial for both seasoned traders and newcomers navigating the digital financial landscape.

The cornerstone of crypto trading lies in the constant interplay between buyers and sellers. When buyers outnumber sellers, prices surge, reflecting increased demand. Conversely, a surplus of sellers can drive prices down as supply exceeds demand. This delicate balance creates a dynamic market where value is in constant flux.

The force of buying is fueled by various factors, including positive news, technological advancements, and overall market sentiment. When investors perceive a cryptocurrency as promising, a surge in buying activity often follows, driving up the coin's value. Conversely, negative news or regulatory uncertainties can trigger a sell-off, exerting downward pressure on prices.

Savvy traders keep a close eye on market indicators, such as trading volume, to gauge the strength of buying or selling forces. High trading volume during an uptrend suggests robust buying activity, while an increase in volume during a downtrend signals intensified selling pressure.

Market psychology also plays a crucial role in the force of buy and sell. Fear and greed drive many trading decisions, influencing market sentiment. Understanding these emotional factors allows traders to anticipate market movements and make informed decisions.

Cryptocurrency prices are not solely dictated by market forces but are also influenced by external factors, including macroeconomic trends, regulatory developments, and technological advancements. As the crypto space continues to mature, the force of buy and sell remains a dynamic and influential factor shaping the digital asset landscape.

$XRP $SOL $BNB

#buyinred #sellingreen
#BEARISH_MARKET #BullRun🐂
#MarketIndicators
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Bullish
If you're just starting out in the crypto space this advice is for you. Here's some crypto advice using the acronym "PATIENT": P - Proper Research: Before investing, thoroughly research the cryptocurrency to understand its technology, team, and potential. A -Avoid Hype: Be cautious of hype and speculation; focus on the long-term fundamentals rather than short-term fluctuations. T - Take Profits: Consider taking profits at strategic points to secure gains and manage risk. I - Informed Decisions: Stay informed about market trends, regulatory changes, and news that may impact your investments. E - Emerging Projects: Explore emerging projects but exercise caution, and only invest what you can afford to lose. N - Never FOMO: Avoid the Fear of Missing Out (FOMO); don't rush into investments without proper analysis. T - Technical Analysis: Use technical analysis as a tool for understanding price trends and potential entry/exit points. $BTC $ETH $SOL #FOMOexplained #TrendingTopic #TA #crypto
If you're just starting out in the crypto space this advice is for you.

Here's some crypto advice using the acronym "PATIENT":

P - Proper Research: Before investing, thoroughly research the cryptocurrency to understand its technology, team, and potential.

A -Avoid Hype: Be cautious of hype and speculation; focus on the long-term fundamentals rather than short-term fluctuations.

T - Take Profits: Consider taking profits at strategic points to secure gains and manage risk.

I - Informed Decisions: Stay informed about market trends, regulatory changes, and news that may impact your investments.

E - Emerging Projects: Explore emerging projects but exercise caution, and only invest what you can afford to lose.

N - Never FOMO: Avoid the Fear of Missing Out (FOMO); don't rush into investments without proper analysis.

T - Technical Analysis: Use technical analysis as a tool for understanding price trends and potential entry/exit points.

$BTC $ETH $SOL
#FOMOexplained
#TrendingTopic
#TA #crypto
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