Unless You Understand The Psychology of the Crypto Market
Bitcoin hits $69k and the next halving is just 41 days away! đ
Experts predict a new bull run peaking in late 2025 - That is 12-18 months from the Halving in April 2024.đ°
Ready to ride the wave? I hate to state this but many are still going to f>ck this up.𤡠For real.
Let's break down the psychological phases:
đ PHASE 1 - Accumulation đ° During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets.
đ PHASE 2 - Momentum đ Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.đđťđľ
đ PHASE 3 - Euphoria/Excess đ Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, when ever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont seeđ the crash coming.
â¤ľď¸ PHASE 4 - Massive Crash/Long Reeeeed candlesđđ â¤ľď¸ Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the đ° for another two-three years -- the worst position to be in. DON'T DO THAT!
Tips for Success: â Invest wisely and patiently. â Dollar-cost average. â Take profits on the way up. â Diversify and avoid overexposure. â Be cautious of hype and scams. â Watch for market sentiment changes. â Hedge positions strategically. â Keep cash reserves for opportunities.
The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! đđ¸
Protect Yourself P2P trading on Binance is popular in Pakistan, but scams are rising.
Common scams include:
Cancellation After Payment: Sellers cancel orders after getting paid.
Blocked Accounts: Sellers' accounts are frozen due to suspicion of fraud.
Proof of Payment Scams: Fake payment proofs are used to trick sellers.
SMS Scams: Fake SMS messages lure victims into sharing information.
Chargeback Scams: Buyers reverse payments after receiving crypto.
Man-in-the-Middle Scams: Scammers intercept and manipulate communications.
Protect Yourself: Verify: Check the other party's history and ratings. Only chat within Binance P2P.
Secure Payments: Use trusted methods. Double-Check Details: Review payment info carefully.
Beware of Unrealistic Offers: If it's too good to be true, it probably is.
Use Escrow: Binance's escrow adds security.
Report: Report any suspicious activity to Binance. Stay Informed: Keep up with the latest scams.
Trust Your Instincts: Cancel if something feels wrong.
Additional Tips:
Educate Yourself: Learn about P2P trading. Start Small: Gain experience with smaller trades. Avoid Sharing Personal Info: Don't share sensitive details outside Binance.
Use Strong Passwords & 2FA: Secure your account. Binance & Authorities:
Binance should take action to address these scams, such as stricter verification and user education. Collaboration with Pakistani authorities is key to combating fraud.
Be cautious and aware when trading on Binance P2P. By following these tips, you can enjoy a safer trading experience.
đľ Token Swap Alert: Rebranding, Not Delisting The RNDR token is undergoing a rebranding process on Binance. Itâs not being delisted permanently but swapped and rebranded to RENDER. đ˘ Automatic Swap: If you have RNDR tokens in your Binance wallet, they will be automatically rebranded to the new token name. đ Temporary Disappearance: During the rebranding process from July 22 to July 26, 2024, RNDR tokens will temporarily not be visible in your wallet. đ´ No Action Needed: Thereâs no need to panic or take any action. The rebranding will happen seamlessly, and your tokens will reappear as RENDER after the event. đ˘ Trading Suspension: Trading pairs involving RNDR will be temporarily delisted on July 22, 2024, at 03:00 UTC. This includes pairs like RNDR/BTC and RNDR/USDT. đ Deposit and Withdrawal Pause: Deposits and withdrawals for RNDR will also be suspended starting July 22, 2024, at 03:30 UTC. đ´ Rebranding Completion: Trading for the new RENDER token pairs is set to commence on July 26, 2024, at 08:00 UTC. Swap Ratio: Each RNDR token will be swapped for a RENDER token on a 1:1 basis. User Action: If you hold RNDR tokens in your Binance wallet, they will automatically be converted to RENDER tokens. Note: Binance will handle all technical aspects of the swap, so users donât need to take any action besides ensuring all deposits are completed before the suspension. This rebranding is part of Binanceâs support for the Render tokenâs evolution, and itâs important not to be swayed by misinformation. The same day $BOND $DOCK $POLS $MDX will be delisted. #rndr #TokenSwap #BinanceTurns7 #BinanceTournament #altcoins
đ¨đ¨đ¨ $383.2M Liquidated in the Last 24 Hoursđą đ Breakdown of Liquidations: đĽ Total Liquidations: $383.2 million worth of positions were liquidated in the last 24 hours. đ Long Liquidations: $94.7 million in long positions were liquidated, indicating some bullish bets got wiped out. đ Short Liquidations: $288.4 million in short positions were liquidated, showing a significant squeeze on bearish traders. đ Summary: Total Liquidations:$383.2M Long Liquidations: $94.7M Short Liquidations: $288.4M These figures highlight the volatility and the impact of market movements on leveraged positions. Stay cautious and manage your risk effectively!
Pump Fun Exploiter Busted in London! đŹđ§ So, it turns out that the mastermind behind the Pump Fun exploit has been caught! British police nabbed Jarett Dunn, aka @STACCoverflow, early Saturday morning in #London . đľď¸ââď¸ A private security firm tracked down our modern-day Robin Hood using Instagram posts and some good old-fashioned detective work. After a 26-hour "slow burn" operation, they found him hiding out in the Middle Eight Hotel in Covent Garden. Apparently, đ§ Dunn used his insider access to exploit the #protocol and make off with the funds in just 100 minutes. He even đŞ airdropped the stolen loot to random Solana users! đ The Pump Fun team has since redeployed their smart contracts to keep things secure and promised to compensate the victims. đ Oh, and get thisâDunn's pseudonym "STACCoverflow" is a play on his real name, Jarett, and the French phrase "jâarrĂŞte," meaning "I'm done." How clever! đ 𤡠Dunn is expected to stay in the UK until his next court appearance in.
Flashback to Terra's LUNA Coin Crash: A $119 to $1 Plunge! đâď¸
Two years ago, the Terra network's native token LUNA experienced a devastating crash, sending shockwaves through the cryptocurrency market. 𤯠LUNA's price plummeted from its peak of $119 to a low of $1, resulting in significant losses for investors. đ
The sudden collapse of LUNA raised questions about the reliability of the Terra network, sparking intense debate among investors and analysts. The causes and consequences of this crash were heavily scrutinized, and the Terra ecosystem's recovery process became a long-standing topic of discussion in the cryptocurrency community. đŹ Share your thoughts on this event and its impact on the cryptocurrency market in the comments below!
The Next 2 Days Are Very Critical for Bitcoin and Altcoins! What Will Happen?
In the cryptocurrency industry, all eyes are now on the United States of America (#USA ). The data coming from the US front and the statements of US Federal Reserve (FED) chairman Jerome Powell will directly affect all financial markets.
Producer inflation data will be announced in the USA on Tuesday, May 14, at 15.30 GMT. As of now, the latest expectations in PPI data appear to be 2.2%.
After the PPI data, #FED President Jerome Powell will appear in front of the cameras at 17.00 GMT. Powell's statements may deeply affect Bitcoin and altcoins.
On Wednesday, May 15, consumer inflation data will be announced in the USA at 15.30 GMT. CPI data shows that the latest expectations are 3.4%. #PPI and #CPI data coming in below expectations and FED Chairman Powell making soft statements may trigger sharp rises in the crypto market. In the opposite scenario, Bitcoin (BTC) is expected to fall below 60 thousand dollars.
Ted, a successful crypto trader, said the following in his post about the impact of US data on BTC: âThe big week is coming. Inflation data will be announced very soon.
We expect volatility in the financial markets and the crypto sector, but there is a possibility that inflation data will slow down for the first time in a short time. âIf expectations come true, this will be very good for risk assets such as Bitcoin.â
Ways P2P scammers tricked me and stole all my savings of $10,000
P2P trading on Binance can be a convenient way to buy and sell cryptocurrencies, but it also comes with risks. Scammers are constantly devising new schemes to trick unsuspecting traders. Here are some common scams to watch out for: Phishing Scams: Scammers may create fake websites or impersonate legitimate users to steal your login credentials or personal information. Payment Reversal Scams: Scammers send funds through a payment app, claim they made a mistake, and ask for a refund. Once you refund the money, they reverse the initial payment. Fake Payment Confirmation: Scammers create fake payment confirmation screenshots to trick you into releasing your goods or services without actually paying. Overpayment Scams: Scammers overpay for an item and ask for a refund of the excess amount. The initial payment is fake, leaving you out of pocket. Escrow Impersonation: Scammers pose as reputable escrow services, offering to hold funds until the transaction is complete. They disappear once you've sent your items or released the funds. Identity Theft: Sharing personal information for verification purposes can lead to identity theft or other fraudulent activities. Remote Access Scams: Scammers convince you to install remote access software under the pretext of assisting with the transaction. They can then steal sensitive information or manipulate the trade. To protect yourself: Use Reputable Platforms: Stick to well-known and reputable P2P trading platforms like Binance. Verify Payments: Always verify payments in your account before proceeding with a trade. Double-Check Details: Scrutinize all trade details and reach out to official customer support if something seems off. Secure Communication: Use the platform's secure messaging system and avoid sharing personal contact information too early. Educate Yourself: Stay informed about the latest scams and tactics used by scammers in P2P trading. Stay vigilant and protect yourself from falling victim to these scams.
$BTC market is bleeding because of the correction of BTC , the main reason is the break out of dominance ,
it is trying to claim 56-57% all money flow to Btc and that is exactly the whales's movement before halving
i must recommend u that till 8 days to Btc halving whales needs to make the price of #altcoin as low as possible to kill all trader for them to get the best entry of #altcoin
just DCA now friend , i used all USDT left to dca today
Buy all dip , just be strong hold till the halving happen , i will try to update more analysis and opinion about this bullrun for u as soon as i can
Be strong and keep your coin , don't panic sell then use DCA .
Celestia Price Prediction â TIA Price Estimated to Reach $âŻ14.63 By Apr 15, 2024
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Celestia is down -3.02% today against the US DollarTIA/BTC decreased by -3.97% todayTIA/ET
đ Celestia cryptocurrency fell 3.02% against the US dollar today. Despite this, forecasts expect TIA price to rise by 29.98% in the next 5 days. đ
đ Analysis shows that Celestia has lost 30.85% over the past month, but is up 387.35% over the past year. TIA is currently trading at $11.32, 22.64% below our April 15, 2024 forecast.
đ Market sentiment is currently bearish, with the Fear & Greed Index showing 78 (excessive greed). Important support levels are $11.23, $10.88, $10.24, key resistance levels are $12.23, $12.87, $13.22.
What do you think about the future of Celestia? Share your thoughts in the comments! đ
The In/Out of the Money Around Price (IOMAP) chart shows a substantial green area below the current price, indicating that most investors are âIn the Money.â Itâs also possible to see that WLD has good support zones at $9.69 and $9.40.
However, if it cannot resist these support zones, it could go down as much as $9.10, a potential 7% correction.
The IOMAP chart serves as a map of investor profitability and expectation, which segments various price points based on the average cost at which the current holders purchased the coins. It visually depicts clusters of investor positions in three categories: âIn the Moneyâ (green), where investors would make a profit if they sold their coins at the current price; âAt the Moneyâ (gray), where the purchase price is approximately equal to the current price; and âOut of the Moneyâ (red), indicating a hypothetical loss if sold.
If the number of holders starts growing again and WLD enters an uptrend, it could easily break the resistances ahead, achieving $10.50 or even breaking its previous all-time high of $11.71 soon. #TrendingTopic #Cryptocurrency #BullishMovement
This is what they keep telling you,do you know why they are telling you this ?
They want you to pump their bags âłď¸
They want to make use of your capital as exit liquidity âłď¸
They want to take your capital as profit âłď¸
People are losing a lot of money to meme coins, do not let anyone lie to you, be very careful and smart I saw a meme coin 24 hours ago at $1.7M Market cap, while writing this , the market cap is at $254K , now imagine you got into this meme coin at $1.7M market with $100 or $1000 , what would be the fate of your capital?
Look at the image attached below âŹď¸, people are losing money from meme coins.
People are blowing up their bull market capital on irrelevant meme coins.
Greed!!!! Because of greed , people will lose money they are supposed to use and position for the bull market.
If you are reading this, be careful with Meme coins, do not jump into any random meme coins, unless you have enough capital to gamble with.
If you Find this educative,helpful, entertaining and inspiring, please consider Supporting Us by giving Us a Like,Share and a Follow Today âłď¸
You can also use the Tipping feature below to send Us some gifts.
Right now you can see that prices are going up again. I am sorry for people who panic sold their coins for very low prices instead of buying.
In this market you need to be patient , always. When I first started , I waited 3 years for my money to rise againđ. It was annoying but I survived it.
You know why? Because I bought coins from the top instead of buying from the dip. Be patient and dont stress!