What Happened on December 31st 2023 To The Coin $TRB __ A True Story from Last Year's New Year Eve ... Beginners Will Surely Learn Some Lesson From the Story.
It was 31st December, 2023. People all around the world were busy with New Year Celebrations. While in the Crypto World everyone was busy with buying and selling of the coins.
There was an infrastructure coin TRB, I used to keep an eye on it since I joined crypto world on 2nd December. The coin caught my eyes because it was going up daily... I already had invested in other coins, so I couldn't invest in it. But I liked its movement constantly upwards, like daily a few steps up. I thought this coin will surely reach to 1000s and I have missed it ☹️.
Coming back to the new year eve... Trb started moving upwards with a good speed and people started noticing the coin in the gainers list... it moved up and up and up with a very few red candles and then up again...
Finally it reached $315 and made a HUGE Red candle which brought it down to $261... it seemed that the game of upward movement is over now... but wait!! What happened next was even more surprising 🤯 After sometime it started moving upwards again till it reached a new height of $491 😳 ... people started buying it crazily ...
$491 wasn't the stop. The coin kept moving, and the people kept buying. Till it reached $629 ... then it made a few small red candles but it had made those candles before so people thought that it will rise again and it might reach $1000 .... and then it made a HUGE RED CANDLE which pushed it down to $236 and wished the people HAPPY NEW YEAR ...
That Day/Night people lost a lot of money specially those who bought TRB at high price... Thankfully I wasn't one of them.
Today (at the time I am writing this story/article) TRB is trading somewhere between $78 and $79. It never reached $629 again till today.
Lessons Learnt:
1. Don't be greedy while investing in crypto. 2. Do not buy a coin at high price, what if it never goes up again and you lose everything. There are more lessons but no more space 😜
My $XRP Story Which Might Help the Crypto Beginners
Last year when I started trading, I heard a lot about XRP... the coin was around $0.6 at that time (as far as I guess)... There were a lot of positive articles and tweets, saying that XRP will go very high and will soon cross $1... The expert analysts on X (formerly twitter) had so many positive things to say... I also heard that it will reach $3 by March 2024... Anyway being a new trader and not knowing much I invested in XRP ... and guess what!! it dumped to 0.4 😳 I lost my money and as I was a new trader I sold at loss instead of waiting patiently.... it never reached $3 by March.
Last month when I saw that XRP was at 0.9 I bought it back... by this time I learnt a bit about crypto trading, through some expert analysts on binance square, I tried to figure out myself if I am investing on the right time or not, I didn't invested my whole money on xrp, but I started investing with a very little amount. I bought each dump and I really feel satisfied. Although these markets are unreliable it can go down it can go up... but smart work and understanding for crypto will save you...
I learned the following lessons from my xrp story:
1. Do not invest your whole money on a single coin. 2. Always invest a little amount and then wait and see where the coin is going. 3. Always be patient, if you have bought a coin never sell at loss. 4. Always keep an eye on all news, articles, and analysis but always use your own brain, because it's your money. 5. No matter how expert an analyst is, no one can predict the market 100% as crypto is a volatile market...
I hope you like my XRP story and learn some lesson from it, specially if you are new here...
I am sharing an article today, this is a trending topic today in crypto world. I hope it is helpful 😊
Here is the article which will tell you why xrp is rising This is not a financial advice. DYOR.
Dear Crypto Family ... I hope you are all feeling better and happy now as you can see that the coins are running upwards. However, there could still be a chance of a dump (as there always is), though I hope they keep rising. Also $BTC hasn't yet reached even 99k (at the time I am writing tgis post), but we can see that it is also improving.
As I told you in one of my previous posts, that last year the coins started pumping on probably 20th December (as far as I remember or maybe it was 21st December), and they kept pumping for the next 10 days. Although history is important, but remember! Every year, every time is a different time.. Maybe history repeats itself and maybe not. Let's see how this year ends in the Crypto World 😊
I wish everyone heavy profits before the new year 🎊🕛 (and obviously in the new year as well) 😊.
Thank you so much for your appreciation, your love, and kindness 😊
Thanks for 500+ followers in such a short time.
I will continue to write encouraging and positive content which will help you in the difficult times. Also I will try my best to bring new information, updates and news regarding crypto, specially for those who are beginners and are trying to understand this world of crypto.
And thanks a lot Binance Square for giving us this awesome platform where we meet a lot of wonderful and like minded people.
Apart from the analysis of the charts of different coins, the psychology of the coins/ market also plays an important role.
When people expect the coins to pump and everyone is sure and you hear a lot of noise regarding the coins pumping, alt season, any specific coin is about to touch a certain high point, etc. You will suddenly see the opposite. The coins will start dumping, you won't see any signs of alt season, instead, you will see a sharp decline in alt coins. That specific coin mentioned by the analysts repeatedly will start going down and you will start getting disappointed, sad and in some cases even frustrated.
However, when you will least expect the coins to pump back, when you will be disappointed, some of you will sell due to fear of losses, then suddenly your coins will start pumping out of nowhere.
It seems that this Crypto World 🌍 has the same rule "good things happen, when you least expect it"
Who has already bought the dip and who is waiting for the further dip? 🤔
Whatever your strategy is just stick to it.
Just try to invest a little ratio and keep the rest for the further dip.
I also understand that most of you might be short of funds now as you have already invested in the coins. Don't worry just sit back and relax and wait for your coin(s) to pump.
These are the dips I always talk about. This is the best time to buy ..
No one knows when exactly the market will pump and no one 100% knows when exactly it will dump. Even the most expert analysts on different forums can never tell you that at this time or day there will be a dump or a pump. I have followed a lot of expert analysts in the past year, but no one has ever predicted crypto, dumps or pumps with 100% accuracy. This is because there are so many factors which are involved in the market fluctuations. There are a very fe things that we exactly know:
1. Dumps are followed by pumps and the pumps are followed by dumps. How long each dump or pump will stay, or how much it will be, no one knows. But when the time is near you get that feeling by looking at the charts, indicators, news etc.
2. We know that what we have invested our money and we have to keep our risks at minimum that's surely in our hand, so we try to minimise risks and that's why we buy each dump. We don't invest all our money in one coin, rather divide the funds in different coins. Also do not invest everything all at once. Always invest a little ratio in each coin and wait for the dump.
3. We know that we can get guidance and learn to read the charts, so that we are aware of the market situation.
4. We know that each one of us is here for profits and no one wants to lose their money, hence I always say; spot is safe, and NEVER sell when you are losing, just HOLD whatever you have and wait, your time will surely come. Your patience today will reward you tomorrow.
5. We know that other than these things we cannot do anything else. Once we invest and do risk management, we should rely on our prayers, hope and luck, as this is no magic friends it's TRADE 😊
Everything will be fine God Willing 😊 Now smile everyone. When things are not in our hands we can at least smile because there is always one thing and that is HOPE 😊
#MarketPullback Seems like coins are going into danger zone. We will see what happens in the next few hours. If you are a spot trader, you are hopefully safe, just hold and wait. Earlier this year we have faced the dips, which were difficult than this one. I hope we will get through this one as well. You are not alone, we are all together in this.
Just like there are ups and downs in life, there are dumps and pumps in crypto life We face the downs in life with patience and bravery, we need the same attitude here in crypto trading. Just hold and be patient 😊
Spot trading is safer than Future trading. More people lose in futures than in spot trading. For beginners it is better to start with spot trading, that too by spending a little amount, and adding small amounts at every dip. Once they become experts in spot trading or at least, once they can handle spot trading , then they can learn future trading.
Those who are beginners in future trading, they should start with very very small amounts and with 2x leverage, and a tight stop loss.
When you are in crypto, keep it in mind it is about profit as well as loss. You cannot be at profit every time. However, losing big amounts in trade and getting liquidated isn't a very smart idea.
No one except a very few lucky people get rich overnight. Remember slow and steady wins the race. Spot is always safe and better option.
If you are new to crypto and you are scared that everything is going down and are asking the question "should I sell or hold" the answer is HOLD ... just wait patiently, this happens normally in crypto. Everything will be fine. I see a lot of such questions on my newsfeed ... Some people are jokingly replying to sell everything, plz don't listen to such jokes or advice. Good Luck.