I joined crypto almost 2 years ago with 400 USD without knowing anything about it, a friend of mine told me about this. I invested in solana, in futures, I didn't know how to trade, in 2 days my account was washed out, again I deposited 300 USD, in a week I washed my account again. Then I took revenge with 500 USD, unfortunately on the same day I was washed out. I thought this is a scam and no one can win here so this is not for us. Then I saw some posts about profits and saw 5% of people making profits, and I said to myself that if they can do it why can't I. I started looking for a teacher on tiktok etc, joined a few, paid them, still got liquidated. Then a friend told me about a guy in Dubai who teaches crypto, somehow I contacted him but he refused to teach me online classes because he only teaches face to face classes but he referred me to someone in Asia who was doing it. I contacted him and he agreed to teach for 1000usdt for 2 months. Somehow I managed to raise the money and started my class.
Imagine waking up to find your bank account frozen, your money gone, and your peace of mind shattered. This is not a cautionary tale—it's a real experience that every cryptocurrency trader should take seriously. Don’t let this happen to you.
### 💔 A trader's nightmare An experienced P2P trader shared their heart-wrenching story:
Below are 5 potential altcoins that many investors are paying attention to, based on the development of technology, community, and global market, economic, and political factors in 2024:
1. Polkadot (DOT) Description: A multi-chain blockchain that connects different blockchains, supporting interoperability and data sharing. Strengths: Strong interoperability and high scalability, helping to reduce congestion and improve performance. 2. Solana (SOL) Description: A high-speed blockchain with low transaction fees, using Proof of History (PoH). Strengths: Processes up to 50,000 transactions per second and ultra-low transaction fees, attracting DeFi and NFT applications. 3. Chainlink (LINK) Description: A decentralized oracle network that connects smart contracts with off-chain data. Strengths: An important role in DeFi and smart contracts, providing accurate and secure data. 4. Avalanche (AVAX) Description: A blockchain that allows processing thousands of transactions per second with low fees. Strengths: Fast transaction speed and compatibility with Ethereum, attracting many DeFi projects. 5. Arbitrum (ARB) Description: A Layer 2 scaling solution for Ethereum, using Rollups to reduce fees and increase transaction speed. Strengths: Reduces the load on Ethereum, enhances scalability, and helps lower gas fees for DeFi applications. These altcoins all have great potential and are attracting interest from the community and investors.
NEWCOMERS NEED TO READ TO AVOID UNNECESSARY LOSSES
Advice for newbies like me!!! I entered the coin market about a year ago through the Binance app. At first, I knew nothing about stocks or coins, didn’t understand support lines, candles… I only knew to buy when the price dropped and wait to sell when the price rose, and I lost money, although not much, because I was only trying with a few dozen USDT. Then I thought, it felt like being scammed when I placed a buy order, the price went up, and the sell order the price went down. So I quit until October this year when I reopened Binance, sold off my old coins for 50 USDT. I don’t know if it was luck or because later I diligently watched the indicators and predicted price movements quite accurately, I added another 300 USDT, and within 2 weeks my account balance reached 500 USDT. Profit ~45%, of course, if you invest more, you can earn more but also risk losing more if you miss the timing or make a mistake. So newcomers should pay attention:
Earn $80 daily on Binance without an initial investment is not only feasible but achievable with the right effort, knowledge, and strategy. Binance offers numerous opportunities for users to earn income without upfront capital. Below is a comprehensive guide to help you get started: 1. Binance Affiliate Program: The Binance Affiliate Program is one of the most profitable ways to earn money without investment.
MUST-READ ARTICLE IF YOU WANT TO MAKE MONEY IN THIS MARKET FOR NEWBIES
1. Set profit goals: Set a daily profit target of $100. This goal can be achieved through multiple trades, such as 4 trades of $25 each or 2 trades of $50 each. 2. Starting capital: Ideally, start with at least $10,000 for a more cautious trading approach. Less capital may come with greater risks and smaller profits.
10 RULES FOR SUCCESS IN CRYPTO TRADING, NEWBIES SHOULD KNOW IF THEY DON'T WANT TO LOSE MONEY
If you are serious about staying in the cryptocurrency world for the next few years and viewing trading as a side job, these 10 essential rules will provide important insights. They offer practical advice for anyone aiming to make a living from cryptocurrency trading. Be sure to bookmark them for future reference!
1. Beware of the Trap of Losses Assuming you start with $1 million. If you manage to double your investment to $2 million, but then experience a 50% loss, you will return to your starting point of $1 million. This highlights a harsh truth: it’s easier to lose 50% than to gain 100%.
THIS ARTICLE WILL HELP YOU EARN A LOT FROM THE MARKET, READ IT ALL
To trade $DOGE, here is a strategy to take advantage of its unique price movements and community nature:
1. Technical Analysis
Identify Support and Resistance Levels: Mark key support and resistance points on the daily and weekly charts. DOGE often experiences volatility, and these levels can be ideal entry and exit points.
Using Moving Averages: The 50-day and 200-day moving averages are often used to gauge long-term trends, while shorter-term moving averages (10-day, 20-day) can show recent changes in momentum.