Recovering losses from crypto trading is possible, but it's not guaranteed and depends on various factors such as market conditions, your trading strategy, and risk management practices. Here are some considerations:
1. **Market Volatility**: Cryptocurrencies are known for their high volatility. While this can lead to significant gains, it can also result in substantial losses. Recovery is possible if the market trends upward, but it can take time.
2. **Strategic Adjustments**: Assess and adjust your trading strategy. This might include diversifying your portfolio, using technical analysis, and setting stop-loss orders to minimize future losses.
3. **Continuous Learning**: Stay informed about market trends, news, and developments. Learning from past mistakes and adapting your approach can improve your chances of success.
4. **Risk Management**: Implementing effective risk management strategies is crucial. Only invest what you can afford to lose and avoid making emotional decisions based on short-term market fluctuations.
5. **Patience and Discipline**: Recovering from losses requires patience and discipline. Avoid panic selling during downturns and focus on long-term goals.
6. **Professional Advice**: Consider seeking advice from financial advisors or crypto trading experts who can provide personalized guidance based on your situation.
Ultimately, while recovery is possible, it requires a careful, informed, and disciplined approach.
We should choose reliable cryptocurrencies for several reasons:
Security: Reliable cryptocurrencies are less likely to be subject to hacks, fraud, or technical issues that can lead to significant financial losses.
Stability: Established cryptocurrencies tend to be more stable in terms of value, reducing the risk of extreme volatility which can result in significant losses.
Liquidity: Reliable cryptocurrencies usually have higher trading volumes, making it easier to buy and sell without significantly affecting the price.
Regulatory Compliance: Trusted cryptocurrencies are more likely to comply with regulations, reducing the risk of legal issues.
Development and Support: Reliable cryptocurrencies often have active development teams and communities, ensuring continuous improvement, updates, and support.
Widespread Acceptance: Established cryptocurrencies are more likely to be accepted by merchants and other platforms, increasing their utility and convenience for users.
Choosing a reliable cryptocurrency helps ensure a safer and more predictable investment or transactional experience.
President Putin fears Crypto mining could cause energy shortage in Russia.
This news is being manipulated.
***Let's read the original news first then try to understand, what could happen.
Russia could face electricity disruptions if the government doesn't get crypto mining under control, Russian President Vladimir Putin said on Wednesday.
Crypto is often used by Russians who live abroad to bypass Western sanctions which prevent them from accessing normal banking services. It's also been used to make donations to Russian military units.
“It is necessary to make the right and timely decisions, in particular systemic ones, at the level of the federal law," Putin said. "I have already given instructions to regulate the mining of digital currencies in Russia, including issues of taxation of this activity and tariff decisions."
*** Now focus on the key points of the news. 1) Crypto mining could cause energy shortage 2) Russians use Crypto to bypass western sanctions. 3) Crypto-currencies are used to finance war efforts. 4) President Putin has already given instructions to make right taxation of this activity and tariff decision.
Russia has the third highest crypto mining power in the world. They are the highest user of crypto i guess. So the summary of the news is ------
*** Crypto-currencies are going to get another surge. ***
Now Trump will definitely win. We belive that! but------?
According to international political power Balancing issue, He has no chance.
Last month, I took $ZEN at around $6+ and released at only $9. Then I took $ATOM at $5+ and still waiting for a win.
Here Atom is my Trump, I'm a fan of him. Here Zen has become Joe Biden for me.
Don’t take this joke curiously.
I am not a political person but my personal analysis is ----- Joe Biden will become The president again. Mr. Putin, Mr. jinping, Mr. Kim jong un all are in power and Mr. Recep Tayyip Erdogan is also in power. So in order to uphold american dignity in world politics there is no other choice except Joe Biden or his party even if it starts the 3rd World war.
But whatever the consequences is, I love my Trump $ATOM .
🫣🫣🫣 This story has no relation with any type of politics or any political person. All characters are imaginary. If there is any match found, that's just a coincident. 😜😜😜
There are over 2.52 million cryptocurrencies in 2024 to date. This is 5.7 times more than the 0.44 million cryptocurrencies around at the end of 2021.
Over 0.54 million new crypto tokens have been created in 2024 as of early April, which is equivalent to an average of 5,300 new tokens launched every day so far this year.
------Long story in short------
Now, Here is a million dollars question
How to chose a good token/ coin?
because just a few of those 5300 can survive. For example--- BMKU has launched a token BinGo with initial price 0.2$ , circulation supply 21 million, max supply 63 million. After launching in first week price rises to 8$ with so many gossips. In second week supply starts to increase and price falls. After 3 months the Token BinGo is delisted.
So the answer is----- *It's you who has to identify the best token or coin to invest on. Because it's you who will earn or lose depending on your decision. So never blame others, never listen others. Use your own intelligence.
From my point of view, I prefer $BTC for big investment $ETH for medium scale and of course $ATOM for small scale.
*** Never speculate with money that you cannot afford to loose. ** Avoid my opinions and use your own intelligence. *** All thanks goes to CoinGeco for such an informative research.
How much BTC will gain tomorrow? or how much it may fall? You may have the same question for Alt coins.
I think, * I have the perfect answer!!!
"Yes, it's a perfect answer but funny 😁 "
Let me waste some time...... BTC is like oxygen in crypto industry. None can survive without BTC. If you make a list of top BTC holders then you must see an interesting fact, that is, all of our well know crypto platforms are in top order. It is not only Binance but also all others.
It means all of them are selling their crypto coins for real money to us. And we are just some greedy fools who are buying their false promises.
It's true in some point of view but not for everyone.
Now, what to do? My opinion is to stay with BTC. Hold/stack, buy/sell or trade with well established coins like $BTC , $ETH , $BNB .
The EU election has just ended so we can expect an uptrend soon. Although there is still probability of price-fall for a few more days.
How much BTC will gain/lose by tomorrow?
The perfect answer is --- "The price of a bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets. Consequently, keeping your savings with Bitcoin is not recommended at this point. Bitcoin should be seen like a high risk asset, and you should never store money that you cannot afford to lose with Bitcoin." Isn't it a funny answer?
Bitcoin is an experimental new currency that is in active development that's why consult a technical expert before making any major investments.
***All these informations are collected from different sources. ***These are not financial advices and I'm not your mentor so please do your own research.
Most of the people are trying to recover for the last few days. Some people are seriously worried about the near future. let me make a simple clarification----
*Here, our currency is crypto coins. If you lose your coins, then you lose. But if you have your coins, you lose nothing.
Now, let's understand what does it mean--- imagine, I came with 160000 yens and bought 1000 $FDUSD . If I sell my coins today, it will give me 148000 yens, which means a loss of 12000 yens. If I don't sell today, there is no loss.
Not satisfied? well, last week you bought 100 $ZEN with 900 usdt, which values 730 usdt today. You didn't lose anything, You still have your coins in your wallet.
So, in simple words ---- it's crypto what you should count on, not faits.
If you're still disagreed with me, no problem. The crypto industry has already adopted gold here named $PAXG you must love to buy this digital gold.
*** All these are my personal opinions. You have no need to agree with me. I'm not your mentor, so please do your own research before you buy or sell anything here.