Spot has recently been seeing bigger returns than leverage on Binance. People are afraid to long a clear bottom with 10x leverage but are not afraid to long their ego with 100x leverage.
I am happy to have quit most of the copytrading portfolios over the past week. The absolute most of them are now bankrupt. I was asking myself what would happen to people who don't use a stoploss on the turn of tides. This is what happened. They are gone.
Due to the rising volatility and a recent liquidation of two of the copytraded portfolios, I have moved majority of my funds to spot. BTC top has been broken through and I do not expect any major retracement on medium to long term. Short term retracement is well possible. I am down 30% back to my initial investment in USD and 55% down from the top since I started copytrading.
I have a theory that the crypto game has evolved into pure VC and any other type of chains or projects will slowly fade into oblivion as more people focus where the profits are being laundered. That's the latest form of crypto for now.
Never trade against the trend. If you want , you can set low orders to catch extreme dips. But don't market buy against the trend ever. You will lose money.
#MarketDownturn n't worry... Panic.👉 #MarketDownturn There are four reasons behind #MarketDownturn market crash. You know middle east conflict Israel attack on Iran and killed a leader of a specific group. After that I want gave statement he will retailiate. This conflict is a man and major reason behind #MarketDownturns market crash.Second is Japanese stock market, and interest rate increase by Japanese government. From the past 30 years Japanese finans institutes gave loan to his businessman investors and Japanese community @ 0% now he is increase 0.25%. this is second reason.On the other hand in Bangladesh and United Kingdom faces some protest. In Bangladesh protest or very serious condition protesters stand to remove the government of ''sheikh haseena wajid'' that is prime minister of Bangladesh. In UK a person killed by terrorist the local communities blame this murdered by a Muslim so local community protest there that is little built impact of Uk market.All over United States stock market Nasadaq was also in downtrend in previous week. Tesla company owner and ward number 1 billionaire businessman alone musk also in whose lose the loss is almost 2.70$ billion. So how we will save from heavy lost here are some instructions, the patience don't worry and invest more if you have now investment to invest more than you should hold your owns and wait. Within a week less than a week market will start there recovery inshallah. stay update
People start accepting that we're not in a bull market anymore. Volume will start drying out within the coming months. However , we have not seen much halving action yet.
$XRP correction expected after a rapid upturn. The market making bot of Ripple has been pushing the price up in order to dump on customers at the highest possible price .
Currently, I guess we should just leave the crypto world. Something is really wrong somewhere, this market is not working as normal, both the pro and amateur analysis are failing, currently market is not respecting any strategies, Currently all the indicators are giving wrong signals. Something is definitely wrong somewhere. Pls let’s reserve our capitals, better days ahead.
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