A sudden plunge in the cryptocurrency market often points to a phenomenon known as a "whale trap." This tactic is employed by influential investors, or “whales,” who hold enough capital to sway market dynamics in their favor. Here's how they typically execute this strategy:
1. Massive Sell-Off: A whale triggers a significant sell-off, which causes widespread alarm among smaller investors. Seeing the price drop sharply, retail traders begin offloading their assets, fearing further losses. 2. Ripple Effect: As more investors rush to sell, the downward pressure intensifies, leading to a steep decline in prices. This panic-induced selling creates a snowball effect, driving the market even lower. 3. Reaccumulation: Once the market has bottomed out and prices are sufficiently low, the whale steps back in, buying assets at a discount. This move restores the market’s momentum and allows them to increase their holdings.
This tactic is designed to capitalize on emotional reactions, shaking out less experienced traders while enabling the whale to acquire more assets at bargain prices. It’s a familiar pattern in unregulated and highly volatile markets, particularly in the cryptocurrency space, where such manipulation often goes unchecked.
Meta Engineers Warn Of Impending Quantum Apocalypse
According to Cointelegraph, Meta engineers have issued a warning about the imminent threat of quantum decryption, often referred to as the 'Quantum Apocalypse.' This technological milestone, where quantum computers become capable of breaking standard encryption, poses a significant risk to various sectors, including banking, military systems, telecommunications, and cryptocurrency exchanges.
The concept of the Quantum Apocalypse, also known as 'Q-Day,' brings both good and bad news. On the positive side, the world is largely prepared for the threat. The United States Department of Commerce’s National Institute of Standards and Technology (NIST) has recently standardized its first set of quantum-resistant cryptography algorithms. Two of these algorithms were developed by IBM in collaboration with other research labs, while the third was created by an engineer who has since joined IBM's quantum team. A fourth algorithm is expected to be standardized by late 2024. Major institutions have already started implementing quantum-safe encryption protocols with the help of government agencies and technology organizations.
However, the new quantum-safe encryption will not protect data that has already been stolen. Once organizations adopt new encryption standards, data on protected systems should be safe from future quantum computer attacks. But this does not retroactively secure data that has already been intercepted and stored elsewhere. The quantum computing industry is still in its early stages, and no current system can feasibly crack standard encryption within a reasonable timeframe. Nevertheless, bad actors can still steal encrypted data and wait for a sufficiently powerful quantum computer to decrypt it in the future.
Meta has addressed this threat in a blog post and a recent episode of the Meta Tech podcast, discussing measures to protect future data against 'Store Now, Decrypt Later' (SNDL) attacks. However, there is no indication that Meta has a plan for data stolen before the implementation of its new quantum-safe protocols. This suggests that while Meta's engineers are correct in warning about the Quantum Apocalypse, there may be little that can be done to protect previously stolen data. Even if all institutions become quantum-proof by 2024, any data existing before this point could still be exposed when Q-Day arrives and the decryption phase of SNDL attacks begins.
It took me 7 years in the crypto world to learn these lessons, but you can grasp them in just 3 minutes:
1. Regardless of market conditions, one thing remains constant: 8% of people will control all 21 million Bitcoin.
2. Mastering financial, capital, and risk management is 100 times more critical than just focusing on technical analysis or crypto research.
3. Passive income in crypto: There are numerous ways to profit in the market without being an active trader.
Over the past 15 years, #Bitcoin has averaged a yearly increase of over 100%. So why do so few people profit? Because the 'get rich quick' mindset is prevalent. If you can’t commit at least 4 hours a day to crypto, stick to Bitcoin and ETH—9% in $BTC and 10% in $ETH . Trust no one blindly: Trust can lead to misplaced hope, disappointment, and mistakes. Learn independently and take full responsibility for your decisions. This is how you gain true experience and growth!
The ultimate aim of investing is to enhance the quality of your life. If crypto investing helps you achieve that, go for it. If not, it might be time to reconsider. Crypto is now part of the financial world: What started as a tech-driven innovation is now heavily influenced by macroeconomic factors and intertwined with mainstream financial markets.
Some may advise against buying Bitcoin, but remember, once something becomes mainstream, the opportunity could slip away. Act now before it’s too late!
Invest thoughtfully, make choices that matter, and let crypto guide you toward a brighter future.
We need this kind of post. Posts that, instead of scaring people teach them how things are going. Many posts in this community tend to emphasize risks instead of teaching people how to manage them. I wonder, is there any place in the world where a person can live or do business without facing risks? Everything in life involves risks. #DOGSONBINANCE #TON #TelegramCEO #BinanceBlockchainWeek $BTC $ETH $BNB #BlackRockETHOptions
LIVE
Ben Walther
--
Haussier
We're Crashing 📉
Just kidding.
But that's what I saw in many social media posts during the last few hours.
Therefore, it's once again time to remind people that a pump won't last forever. However, please make sure to put everything into relation.
1—Bitcoin: So far, BTC is down only 1.3%. Yes, I was hoping that the 63.5k level would hold. And yes, I would have preferred a continuation to the upside. However, we are talking about -1.3%!!
2—Certainly, altcoins are suffering worse. But again, you have to put it into context. Take $LINK as an example. Since last Tuesday, LINK has pumped more than 22%. Based on the highest close, it is now down 3.4%. Again, I would have loved to see LINK tackling the $13. But, well, this is not a question of if but when.
Therefore, stay relaxed, let the market correct, and go higher afterward.
Here’s a potential strategy for New traders on Binance, designed specifically for new traders:
Approach: Scalping & Swing Trading Duration: Short-term (1-7 days) Target Assets: Choose 3-5 low-cap altcoins known for their liquidity and volatility.
Click here to VOTE on My Profile
Entry Strategy:
1. Look for trending altcoins using Binance’s “Top Gainers” list.
2. Confirm entry points with technical indicators like RSI, Bollinger Bands, and Moving Averages.
3. Place buy orders 1-2% above the current market price.
Exit Strategy: 1. For scalping, set sell orders 5-10% above your entry price.2. For swing trades, hold for 1-3 days, aiming for a 10-20% profit before selling.
Risk Management: 1. Commit 20-50% of your trading capital to each position.
2. Implement stop-loss orders 2-5% below your purchase price.
Example: Starting Capital: $10 1. Purchase 1,00 units of Altcoin A at $0.10 per unit.
2. Sell 50 units at $0.12 (scalping) = $60 profit.
3. Retain the remaining 500 units and sell them at $0.15 (swing trading) = $150 profit.Repeat this process with other selected altcoins, compounding your profits to grow your portfolio.
Key Considerations:- This strategy carries significant risk and could lead to losses.- Cryptocurrency markets are highly volatile, and price swings can happen quickly.
This example is purely hypothetical and intended for educational purposes; it does not constitute financial advice. Remember, this is a simplified strategy.
Real-world trading involves more nuances, so always prioritize risk management and continue learning as you go.
In the world of investing and trading, one of the hardest things to do is to acknowledge your losses. On Binance Square, I often come across posts urging people to "Hold on! This crypto will rebound! Just wait, it’ll rise again!"—especially regarding popular tokens like $SHIB and $FLOKI ...
Though some may not agree with me, it's essential to hear this truth: stop listening to those who tell you to hold indefinitely—they don’t have any more insight than you do. These voices often belong to individuals trying to convince themselves that their investments aren’t a lost cause, having bought into these cryptos during hype-driven rallies and are now facing the consequences.
The belief that "If I haven’t sold, I haven’t lost" is a dangerous misconception. If you recognize that one of your investments is failing and likely to continue declining, it’s unwise to hold onto it just because it’s currently at a loss. The market is full of new opportunities, and holding onto a sinking asset can cause you to miss out on more promising ones.
Consider this analogy: If you own a property yielding 10% annually, but are offered another property with a 30% return, would you turn down the new opportunity simply because your current investment is underperforming? Holding onto a poor investment out of stubbornness is both unproductive and a missed opportunity for greater gains. Acknowledge your mistake, learn from it, and move forward.This post reflects my personal opinion.
Thank you for taking the time to read. If you found this advice helpful, please like, comment, and share this post. Your support means a lot, and it helps me continue to educate others about the crypto market. Tips are also appreciated as they help sustain these efforts. Many thanks to those who contribute.
⚠️🚨🚨Be aware🚨🚨⚠️ Stiven is the name of the scammer who runs the Secret Room telegram channel. For those who are new in cryptocurrency must be aware of it. I recommend to share this so we can save each other from the scammers. #ScamAware #scamriskwarning #ScamWarning
**BE PATIENT** If you entered the crypto market, it's to make money. However, most of you are using the worst methods and I can guarantee that at least 80% of you will lose money during this bull market. Many people invest in crypto just because they heard about it. They buy at the peak and then are surprised when they lose money, asking me on Instagram, "What should I do with my $SOL??" The responsibility is yours—stop seeking confirmation from others and take charge of your investments. If you invest poorly and lose money (which will happen to 99% of you), don't come complaining to those who are teaching you how to invest properly. Here's how to invest correctly: 1. Look for cryptocurrencies listed on Binance that no one is talking about. 2. Check the chart to see if there's been a recent large increase (e.g., +200%). If there has been, forget about this cryptocurrency. Otherwise, buy a reasonable portion (maximum 10% of your total portfolio). 3. Place sell orders for this cryptocurrency when it reaches a 200% increase. For example, if you buy at $1, place a sell order at $3. After doing this, you wait. Just be patient—it's simple. Do nothing and wait for the gains. Many won't follow this advice because they seek quick wins, but believe me, you'll lose. Follow these tips and your chances of winning will increase significantly, as long as you're patient. If you found this helpful, like, comment, share, and follow—it helps me a lot. You can also tip me to support me financially, which is my only reward for teaching you. Many thanks to those who do! #Solana 😉