A Pump and Dump scheme in cryptocurrency is a form of market manipulation where the price of a cryptocurrency is artificially inflated (the "pump") through misleading or false information, hype, or coordinated buying by a group of people. Once the price rises significantly, the organizers of the scheme "dump" their holdings by selling them at the elevated price. This sudden sell-off causes the price to crash, leaving the majority of investors, who bought during the pump, with heavy losses. Typ
Some things learned after hodling bitcoin since early 2017
From here you get good idea. 1. Never believe anyone's price predictions. 2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of bitcoin is not gambling, but to end modern day slavery (fiat currency). 3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight. 4. Don'
People always ask, "When will altseason start?" My answer: It probably never will — at least, not like the good old days. Those big accounts hyping up the so-called “altseason” are just selling dreams. I’ve seen enough bull runs to know. The 2017-2018 cycle? It was wild, probably one of the best, because the market was so different back then. There weren’t endless coins to choose from, no futures for the majority of tokens, and most altcoins traded in Bitcoin pairs. When the market pumped, every
Stop obsessing over candlestick charts and take a moment to think about the bigger picture. If you’re one of those people constantly glued to your phone, checking every market move, you’re doing more harm than good, not just to your portfolio but to your social life as well. Believe me, watching charts 24/7 doesn’t make you a better trader—it just burns you out. When you’re so focused on those red and green candles, you end up missing the life happening around you. Have you found yourself ski
🚨🚀🔥 80% of past# Octobers have been positive. During election years, October, November, and December were always positive. Additionally, when September was positive, October, November, and December were also always positive.
The Hidden Mistake That Makes You Lose Money Every Time !!
Have you ever wondered why so many people lose money in trading or investments? Here's the truth: most people enter the market with low capital and expect huge profits. This is a common mistake that often leads to frustration, losses, and regret. Let me help you avoid that trap and develop strong financial strategies that actually work. Follow me, like all my posts, and I'll teach you how to invest smarter and avoid common mistakes. The Common Mistake Many people believe that they can trade
Stop Hoping, Start Learning: A Trader's Hard Lesson..When do most traders lose a lot of money?
It's usually when they place a LONG or SHORT order and then start relying on hope instead of strategy. The scenario often goes like this: you place a trade, and when it starts moving in your favor, you get optimistic, expecting it to continue climbing. But when the market reverses, instead of exiting the trade, you cling to hope, believing it will bounce back in your favor. On the other hand, when the trade moves against you right from the start, you hold on, hoping for a turnaround. Sometimes
As October, or Uptober as it is known in the crypto community, has arrived, Bitcoin has a good chance of rising. October has always been a good month for Bitcoin. In the past, it has seen the start of five significant bull markets. With current technical and market conditions, a repeat may occur this year. The following five factors could lead to a Bitcoin rally in October. Robust technical position: For the past few months, resistance has been formed by the upper edge of a descending channel
This last quarter will not be very good for the cryptocurrency market. There has always been positive news on the market, such as interest rate cuts. If the markets are giving so much positive news, there is a great danger underneath.
Why are people more interested in trading meme coins?
Highly volatile: Most of the people trade crypto to make quick money and they trade memecoins thinking their $100 will turn into $100k with this meme. Low liquidity: Meme coins are illiquid and easy to move. A few thousands buys and these memecoins print multiple X's cheap prices: Meme coin prices start after multiple zero decimals and it's the psychology of traders that they think if it's cheap it will provide the most returns. Low marketcap and huge returns. Meme coins are now playing a
At this stage, for Altcoins, it's advisable to look at USDT.D As USDT.D is just few steps aways from the Bearish flag breakout. Once a Bearish flag breakout is successfully completed. Then we can officially declare that Altseason 2024 is started till then keep accumulating. Usdt dominance downtrend is generally good for alts
10 Promising Cryptocurrencies Under $0.10 to Watch.. Make you Rich
Amidst the giants of the crypto world like Bitcoin and Ethereum, numerous lesser-known cryptocurrencies offer potential lucrative opportunities. Below is a curated list of 25 altcoins, each priced under $0.10, that are making waves in the market. 1. eCash (XEC) Position: 95 Capitalization: $698 Million Peak Valuation: $736 Million Market Share: 0.03% Availability: 19.8 Trillion Ceiling: 21 Trillion Debut: 2020 Record High: $0.00059 Record Low: $0.000017 2. ARPA Chain (ARPA) Position: 460 Capital
Here’s why the dips are a gift in this market👇 Nothing has changed in my opinion. These dips are just opportunities in disguise! 🎁 🔹 I’m still expecting a godcandle for altcoins, and when that hits, the parabolic run will begin! 🚀 🔹 This feels like 2016 all over again, and the vibes for 2024 are even stronger 🔥 Stay patient, and be ready for the next big move! 🌐 #AltcoinSeason #Crypto #BullRun #ParabolicRun $BTC $ETH $BNB
STOP spending a lot of your time on these telegram games to get the Airdrop. Learn something that can make you money. If you really want to make it in crypto. Learn to trade, trade your own money and make it. These airdrops are so rushed, millions of people are doing it. You ain't getting anything. people spent months on hamster, saw big dreams looking at their in app balance and got $10 worth of Airdrop. you could have done a lot better if you spent that time learning a skill rather than tap
If you're looking to generate a steady income in the blockchain industry without engaging in trading, there are plenty of opportunities that tap into your skills and interests. Here are some strategies you can consider: 1. Freelancing as a Blockchain Developer or Content Creator Blockchain Developer: If you possess technical skills, there’s a huge demand for blockchain developers to build decentralized applications, smart contracts, and more. Content Creation: Whether it's writing for crypto bl
How to Spot Pumps and Dumps in Crypto: What Goes Up Must Come Down
Pumps and dumps are a well-known phenomenon in the crypto world, and they can be tempting for traders looking to make quick profits. However, every sudden pump is almost always followed by a dump (retest), leaving inexperienced traders holding the bag if they aren't careful. Here’s a guide on how to spot these patterns, why they happen, and what to look out for. What Is a Pump and Dump? A pump-and-dump scheme involves inflating the price of a cryptocurrency artificially, usually by creating hyp
Donald Trump has made some bold claims about Bitcoin and crypto if he's elected president. He's promised that Bitcoin and crypto will "skyrocket like never before" under his leadership. This isn't the first time Trump has expressed support for crypto - he's also proposed creating a strategic Bitcoin reserve and vowed to end the "war on crypto" waged by the Biden administration . Trump's plans for crypto include making the US the "world capital for crypto and Bitcoin" and ensurin
Buying Bitcoin feels like playing an emotional game of Jenga. One minute you're thinking, "Yes! I'm
Buying Bitcoin feels like playing an emotional game of Jenga. One minute you're thinking, "Yes! I'm a genius! I'll sell at the peak and live large!" Then, out of nowhere, the price crashes, leaving you wondering if you just bought a bag of useless cat food. Selling? That's like trying to nail the perfect jump in Mario Kart. You're convinced, "I've mastered the market! I'll cash out at the top and ride off into crypto-wealth!" But suddenly, the price skyrockets, and you're left questioning if you
🚀 Is This the Perfect Time to Enter? Identify the Next Big Breakout in 3 Simple Steps! 🚀
Stay sharp, traders! Knowing when to enter or exit can make all the difference. Here’s a simple guide on how to master trend trading with three key types: Healthy Trend, Strong Trend, and Weak Trend. Each offers unique opportunities to maximize your profits. Let’s dive in! 🔍 🧠 1. Healthy Trend: The Perfect Balance In a Healthy Trend, prices consistently rise with pullbacks—perfect for buying the dip. Wait for the price to touch the 20MA and look for a reversal signal like a bullish engulfing c
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