đ°Bitcoin ETFs Lose Millions, Ethereum ETF Interest Continues to Decline
August was a tough month for Bitcoin ETFs, which posted significant losses of around $94M. This highlights the ongoing difficulties in the market, where investors are showing less and less interest in crypto assets. At the same time, Ethereum ETFs are also falling into disrepute, facing a sustained outflow of funds. Over the month, these funds have seen an outflow of around $10M. The decline in investor interest in these instruments points to changing sentiment in the crypto market and raises questions about the next steps of market participants.
#BNB #Bitcoin #Ethereum đŠ Tether has announced a strategic move to support community-driven blockchains. They will stop supporting EOS and Algorand and will stop issuing USDT on these platforms. The transition will be completed within the next 12 monthsđœđ€
#BTC #ETH #NOTđ„đ„đ„ đ„âŽïžTON is currently one of the most popular blockchains. Various on-chain metrics are growing rapidly, highlighting the network's sustained growth - CryptoQuant experts
#Web3 #memcoins #EarnFreeCrypto2024 Out of habit, focusing on the Western world of crypto, we can analyze a little the various meme projects that were associated with celebrities - either owned by them directly, or they (the stars) were used as âwedding generalsâ
Here is a list that includes 20 projects.
rugged â there was a sharp ragpool, the developers fled with all their capital; dead â the project died a natural death, the coins depreciated smoothly; ROI (return of investment) is a profitability indicator for assessing the profitability, in this case, of a crypto project.
$BTC $ETH $BNB Part 3 Against this background, mistakes are more likely to be made. The risk will be overestimated in 100% setups, which will begin to appear everywhere.
All this cannot serve to gain valuable experience.
Risks and comfortable financial conditions are the key to the opportunity to gain experience from the market.
Courses, books, mentors are great. But none of this can give you the confidence that experience will give you.
Trading is just a tool that can make your money supply a little larger.
Investments are the same.
Third-party projects should be created for the same purpose.
And this is also called diversification, in my opinion.
But for some reason, everyone only diversifies risks between coins, and not between instruments to increase the money supply.
$BTC $ETH $BNB Part 2 Without experience in the market, you will not be able to understand one simple thing - your drawdown. Will your system give you the opportunity to stay? Or will it merge everything? You don't know this. You haven't tested anything, literally at all. This often happens at the start. You can take a bunch of courses, read a lot of books, but it will not yield results until you test the market yourself. For the market to provide such an opportunity, you must first of all observe the risks and, most importantly, have that same third-party income that I spoke about above. If you want to rely on your trading from the very beginning, you are in danger of losing all your money due to the emotions that will accompany you constantly. What will you do if the month turns out to be unprofitable? Will you keep your deposit? What if the next month is also without a loss or with a slight profit? The financial obligations that haunt us everywhere will weigh on us. And do it very strongly. The only thing you will think about is the trade that will allow you to make money. And it will be necessary to open such a trade as soon as possible. To be continued ..
Without a constant third-party source of income, it will be extremely problematic to realize yourself as a trader. I am confident that this is simply impossible.
Many (almost all) come to the market with the illusory idea that the market can be made from the very beginning the main (and in some âwetâ dreams, the only) source of income. This is where the problem begins. A seed that will eventually grow into a tree called âFarewell to the Market.â You all know the statistics. The âaverage life expectancyâ of a trader in any market in the world, according to the statistics that I was able to find, is one year. Next, the trading composition changes by 90%. You all understand the probability of the outcome of events. What percentage of traders do you think you will be in from the very beginning? In the 10% of those who will continue to trade after the first year on the market? A very dubious prospect, isn't it? Based on the understanding that probability is not on our side, what conclusion can we draw? I think it comes naturally. You must first stay in the market and gain experience. P.S. To be continued ...
#ETH #BTC âŽïžDue to some bureaucratic nuances, trading of spot ETH-ETFs will begin in a few weeks at best, 5 months at worst - BBG ETF analyst James Seyffarth
Given what is happening in the world, perhaps the ceiling was taken back in March, after which there was hype at halving, a night attack in the Middle East, which âliquidatedâ tens of thousands of longs and a systematic drain to 30k is just around the corner. If you bought cheaper - selling
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