Salmão
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8 years in the market and didn't you see in the daily graphs before Musk, that the fall was already written in the graphs?
I've been investing in cryptocurrencies for 8 years, but in Binance for 6.
As soon as I joined Binance, I was all over Doge. And like any newbie, I didn't realize that BTC dictated when a currency went up or down.
And the Elon Musk factor didn't bother me at the time.
I lost 85% of my assets because Mr. Musk changed his mind and the currency plummeted.
I don't hold a grudge, it was part of the learning process.
But this week, Mr. Elon Musk made BTC plummet for the first time with just his word. Yes, there were external factors that contributed, but his word was decisive in putting fear in the heads of the novice sardines and the market fell.
It hasn't been a disaster YET. But what surprised me is that now the word of a man (who is a genius in electric models and aircraft, but doesn't know much about cryptocurrencies) managed to hurt BTC, the currency that rules all the others.
This opened my eyes to what the cryptocurrency market has become.
See, in my small investments in the stock market, I need to worry about relevant news that can affect the market. A president's word can affect one or two stock markets. But there, even though there are sardines, the word of someone who doesn't understand anything about the subject never causes such a big swing.
The crap that Mr. Musk does only hurts the shares of his own companies. But Nintendo's shares, for example, don't fall if Elon Musk says he prefers Sony or that the XBox is the future of consoles. Nintendo's shares fall if Nintendo's CEO makes a mistake, if the new console doesn't please, or even in the event of some economic problems in Japan. In fact, Nintendo's shares even react to the dollar. But it wouldn't make sense, and no investor would expect it to make sense, for Elon's preference for Microsoft to cause Nintendo's shares to plummet. Even if he were to publicly give his opinion that Nintendo's shares would fall, it wouldn't actually make more than a micro-fluctuation that wouldn't bother anyone.
The cryptocurrency market has become this joke.
As soon as I joined Binance, I was all over Doge. And like any newbie, I didn't realize that BTC dictated when a currency went up or down.
And the Elon Musk factor didn't bother me at the time.
I lost 85% of my assets because Mr. Musk changed his mind and the currency plummeted.
I don't hold a grudge, it was part of the learning process.
But this week, Mr. Elon Musk made BTC plummet for the first time with just his word. Yes, there were external factors that contributed, but his word was decisive in putting fear in the heads of the novice sardines and the market fell.
It hasn't been a disaster YET. But what surprised me is that now the word of a man (who is a genius in electric models and aircraft, but doesn't know much about cryptocurrencies) managed to hurt BTC, the currency that rules all the others.
This opened my eyes to what the cryptocurrency market has become.
See, in my small investments in the stock market, I need to worry about relevant news that can affect the market. A president's word can affect one or two stock markets. But there, even though there are sardines, the word of someone who doesn't understand anything about the subject never causes such a big swing.
The crap that Mr. Musk does only hurts the shares of his own companies. But Nintendo's shares, for example, don't fall if Elon Musk says he prefers Sony or that the XBox is the future of consoles. Nintendo's shares fall if Nintendo's CEO makes a mistake, if the new console doesn't please, or even in the event of some economic problems in Japan. In fact, Nintendo's shares even react to the dollar. But it wouldn't make sense, and no investor would expect it to make sense, for Elon's preference for Microsoft to cause Nintendo's shares to plummet. Even if he were to publicly give his opinion that Nintendo's shares would fall, it wouldn't actually make more than a micro-fluctuation that wouldn't bother anyone.
The cryptocurrency market has become this joke.
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I started like this too, little by little and only BTC, ETH and BNB, nothing more than that. Currently I have a very significant value and success in my journey.
Hello users of this platform, I come here as a new investor with many questions:
I recently invested $200 dollars in $BTC , when it was at $96,000 and a few, we have seen a recent drop in Bitcoin, some suppose that it is because Japan denied Bitcoin and others claim that it is because with the recent rise, it is quite far from the "safe line" and therefore would tend to drop in price to return "to normal", with supposed prices reaching $85,000, but with high expectations for 2025, with Trump's victory and possible future investments by the American government in the currency, I wanted to know what more experienced investors think about this.
I'm thinking about making a new $300 investment in crypto, thinking about allocating $250 to $BTC and the other 50 to more volatile currencies with the aim of short-term gains. Do you have any recommendations for an investment in the next few days?
#BtcNewHolder
I recently invested $200 dollars in $BTC , when it was at $96,000 and a few, we have seen a recent drop in Bitcoin, some suppose that it is because Japan denied Bitcoin and others claim that it is because with the recent rise, it is quite far from the "safe line" and therefore would tend to drop in price to return "to normal", with supposed prices reaching $85,000, but with high expectations for 2025, with Trump's victory and possible future investments by the American government in the currency, I wanted to know what more experienced investors think about this.
I'm thinking about making a new $300 investment in crypto, thinking about allocating $250 to $BTC and the other 50 to more volatile currencies with the aim of short-term gains. Do you have any recommendations for an investment in the next few days?
#BtcNewHolder
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I remember this well and it was my introduction to futures I would say and of course I opened short in Luna and my first dollars earned in short
Those who have been in the crypto market for a while will probably remember the case of Terra Luna. At the time, the LUNA token was among the 10 coins with the largest market capitalization. However, in May 2022, it suffered a 99% drop, going from $119 to practically $0. Most of the drop happened in a few hours. The drop impacted the entire crypto market; even Bitcoin reacted.
⚠️Just to remind you of the risks in the crypto world.
⚠️Just to remind you of the risks in the crypto world.
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I'm not with you because I bought at $0.68 and bought a little. But this market is like that, just as it surprises on the downside, it also surprises on the upside, wait.
$USUAL I'm sitting on my ass with this coin. I bought it at 1.16 and I'm already taking a loss lol
I'm new here, do you think Trump's inauguration will positively affect any currency? Is there any currency that's in the spotlight for that day?
I'm new here, do you think Trump's inauguration will positively affect any currency? Is there any currency that's in the spotlight for that day?