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Common ways Newbie Crypto Traders lose their money
Pumped and excited to start trading , most newbie traders when starting their crypto journey encounter a lot of losses. Due to the happiness and desire to make quick profits, newbies easily make the following mistakes , that usually leads to lose of assets.90% of them are likely to engage in scam projects and also interact with websites that would steal their assets. Entering the world of cryptocurrency can be exciting, but it's important to be aware of potential risks and scams that newbies mi
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Today December 8, 2023, I am writing this to you, from my desk.
🔥$200 into Dogecoin at the rate of $0.097 would get you - 2041 $Doge
🔥$200 into Fantom at the rate of $0.35 would get you - 557 $FTM
🔥$200 into Solana at the rate of $70 would get you - 2.85 SOL
🔥$200 into MATIC at the rate of $0.87 would get you - 227.5 $MATIC
🔥$200 into BLUR at the rate of $0.49 would get you - 400.8 BLUR
🔥$200 into Cardano at the rate of $0.52 would get you - 382.6 ADA
🔥$200 into BLUR at the rate of $0.49 would get you - 400.8 BLUR
🔥$200 into SHIBA INU at the rate of $0.00001000 would get you - 20,000,000 $SHIB
🔥$200 into DYDX at the rate of $3.04 would get you - 65.74 DYDX
🔥$200 into Memecoin at the rate of $0.040 would get you - 4968 $MEME
🔥$200 into XRP at the rate of $0.64 would get you - 308 XRP
The total amount if invested according to the above is $2,200, to be honest, this is exactly how I would invest $2,200 if I had it.
in the next 24 - 48 Hours we @X mucaN would pin this post to our profile, and it will remain there, till we get to the bull market.
I Have one request, over here at Binance square, we @X mucaN create one of the best and most entertaining, educational, inspiring, and informative content (Articles, Post and Videos), we do wish we can hit 30,000 followers on or before the last day of the month and year.
If you found this article Educative, entertaining, informative, and helpful please like, share, and follow.
You can support us with tips as this would help us earn money and create more content
please let us know in the comments section if you send us a tip, and we will give you a shoutout appreciation post
#xmucan
🔥$200 into Dogecoin at the rate of $0.097 would get you - 2041 $Doge
🔥$200 into Fantom at the rate of $0.35 would get you - 557 $FTM
🔥$200 into Solana at the rate of $70 would get you - 2.85 SOL
🔥$200 into MATIC at the rate of $0.87 would get you - 227.5 $MATIC
🔥$200 into BLUR at the rate of $0.49 would get you - 400.8 BLUR
🔥$200 into Cardano at the rate of $0.52 would get you - 382.6 ADA
🔥$200 into BLUR at the rate of $0.49 would get you - 400.8 BLUR
🔥$200 into SHIBA INU at the rate of $0.00001000 would get you - 20,000,000 $SHIB
🔥$200 into DYDX at the rate of $3.04 would get you - 65.74 DYDX
🔥$200 into Memecoin at the rate of $0.040 would get you - 4968 $MEME
🔥$200 into XRP at the rate of $0.64 would get you - 308 XRP
The total amount if invested according to the above is $2,200, to be honest, this is exactly how I would invest $2,200 if I had it.
in the next 24 - 48 Hours we @X mucaN would pin this post to our profile, and it will remain there, till we get to the bull market.
I Have one request, over here at Binance square, we @X mucaN create one of the best and most entertaining, educational, inspiring, and informative content (Articles, Post and Videos), we do wish we can hit 30,000 followers on or before the last day of the month and year.
If you found this article Educative, entertaining, informative, and helpful please like, share, and follow.
You can support us with tips as this would help us earn money and create more content
please let us know in the comments section if you send us a tip, and we will give you a shoutout appreciation post
#xmucan
Similarly, Gabriel Abed, a crypto entrepreneur from Barbados, lost 800 $BTC in 2011. A colleague accidentally reformatted his laptop, permanently deleting the private keys.
Despite the setback, Abed remains a crypto advocate and emphasizes the importance of self-custody and security in the digital realm
Despite the setback, Abed remains a crypto advocate and emphasizes the importance of self-custody and security in the digital realm
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Stefan Thomas, a German programmer now residing in San Francisco, is one such investor. Thomas has 7,002 $BTC locked away in a digital wallet – which he can’t remember the key for.
His keys are trapped in an Iron Key (which contains the keys to his digital wallet), and he now has just two guesses left to get into it and finally get his hands on his Bitcoins.
“I would just lay in bed and think about it,” Thomas said. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”
Mr Thomas isn’t alone. Many Bitcoin owners have spoken of the endless frustration they experience after getting locked out of their cryptocurrency fortunes.
Those who have owned the coin since its early days, spoke of their lack of confidence in the coin’s ability to actually be worth anything – and their lack of caution about retaining their private keys.
“Through the years I would say I have spent hundreds of hours trying to get back into these wallets,” said Brad Yasar. Yasar is a LA-based entrepreneur who has a few thousand Bitcoins (which he mined back in the day) locked away after he lost his keys.
He’s now hidden his hard drives containing his (lost) keys away in storage – vacuum sealed and out of the light. “I don’t want to be reminded every day that what I have now is a fraction of what I could have that I lost,” Yasar said.
His keys are trapped in an Iron Key (which contains the keys to his digital wallet), and he now has just two guesses left to get into it and finally get his hands on his Bitcoins.
“I would just lay in bed and think about it,” Thomas said. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”
Mr Thomas isn’t alone. Many Bitcoin owners have spoken of the endless frustration they experience after getting locked out of their cryptocurrency fortunes.
Those who have owned the coin since its early days, spoke of their lack of confidence in the coin’s ability to actually be worth anything – and their lack of caution about retaining their private keys.
“Through the years I would say I have spent hundreds of hours trying to get back into these wallets,” said Brad Yasar. Yasar is a LA-based entrepreneur who has a few thousand Bitcoins (which he mined back in the day) locked away after he lost his keys.
He’s now hidden his hard drives containing his (lost) keys away in storage – vacuum sealed and out of the light. “I don’t want to be reminded every day that what I have now is a fraction of what I could have that I lost,” Yasar said.
Stefan Thomas, a German programmer now residing in San Francisco, is one such investor. Thomas has 7,002 $BTC locked away in a digital wallet – which he can’t remember the key for.
His keys are trapped in an Iron Key (which contains the keys to his digital wallet), and he now has just two guesses left to get into it and finally get his hands on his Bitcoins.
“I would just lay in bed and think about it,” Thomas said. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”
Mr Thomas isn’t alone. Many Bitcoin owners have spoken of the endless frustration they experience after getting locked out of their cryptocurrency fortunes.
Those who have owned the coin since its early days, spoke of their lack of confidence in the coin’s ability to actually be worth anything – and their lack of caution about retaining their private keys.
“Through the years I would say I have spent hundreds of hours trying to get back into these wallets,” said Brad Yasar. Yasar is a LA-based entrepreneur who has a few thousand Bitcoins (which he mined back in the day) locked away after he lost his keys.
He’s now hidden his hard drives containing his (lost) keys away in storage – vacuum sealed and out of the light. “I don’t want to be reminded every day that what I have now is a fraction of what I could have that I lost,” Yasar said.
His keys are trapped in an Iron Key (which contains the keys to his digital wallet), and he now has just two guesses left to get into it and finally get his hands on his Bitcoins.
“I would just lay in bed and think about it,” Thomas said. “Then I would go to the computer with some new strategy, and it wouldn’t work, and I would be desperate again.”
Mr Thomas isn’t alone. Many Bitcoin owners have spoken of the endless frustration they experience after getting locked out of their cryptocurrency fortunes.
Those who have owned the coin since its early days, spoke of their lack of confidence in the coin’s ability to actually be worth anything – and their lack of caution about retaining their private keys.
“Through the years I would say I have spent hundreds of hours trying to get back into these wallets,” said Brad Yasar. Yasar is a LA-based entrepreneur who has a few thousand Bitcoins (which he mined back in the day) locked away after he lost his keys.
He’s now hidden his hard drives containing his (lost) keys away in storage – vacuum sealed and out of the light. “I don’t want to be reminded every day that what I have now is a fraction of what I could have that I lost,” Yasar said.
Not all meme coins are successful. Many are created with no real purpose, leading to huge losses for investors who buy into the hype without understanding the risks. $DOGE itself faces criticism for having no supply cap, making it highly inflationary.
Meanwhile, newer meme coins like Shiba Inu ($SHIB ) and $BONK try to address these issues with token-burning mechanisms to create scarcity
Meanwhile, newer meme coins like Shiba Inu ($SHIB ) and $BONK try to address these issues with token-burning mechanisms to create scarcity
The world of crypto memes started as a lighthearted way to make cryptocurrency more relatable, and it has since evolved into a massive cultural phenomenon.
The movement began with Dogecoin, which launched in 2013 as a joke based on the popular Shiba Inu “Doge” meme. Surprisingly, Dogecoin ($DOGE )didn’t just remain a parody—it created an entire category of "meme coins" and built a community of millions.
Its success was fueled by platforms like Reddit, where users tipped each other Dogecoins for fun and good vibes
Today, we have $PEPE - $WIF -#SHIB and many others, we (#xmucan ) strongly believe we are getting started with Memes, we expect to see new memes printing over 10,000x in 2025
Stay Tuned, StaY
The movement began with Dogecoin, which launched in 2013 as a joke based on the popular Shiba Inu “Doge” meme. Surprisingly, Dogecoin ($DOGE )didn’t just remain a parody—it created an entire category of "meme coins" and built a community of millions.
Its success was fueled by platforms like Reddit, where users tipped each other Dogecoins for fun and good vibes
Today, we have $PEPE - $WIF -#SHIB and many others, we (#xmucan ) strongly believe we are getting started with Memes, we expect to see new memes printing over 10,000x in 2025
Stay Tuned, StaY
🚨 BREAKING: TRUMP TO FIRE JACK SMITH AND HIS TEAM
President-elect Trump reportedly plans to dismiss Special Counsel Jack Smith and his entire team, who spearheaded investigations into his actions around the January 6 Capitol attack and classified document handling—probes Trump has repeatedly labeled as “political witch hunts.”
This move underscores Trump’s vow to eliminate what he believes to be weaponized justice and lawfare.
President-elect Trump reportedly plans to dismiss Special Counsel Jack Smith and his entire team, who spearheaded investigations into his actions around the January 6 Capitol attack and classified document handling—probes Trump has repeatedly labeled as “political witch hunts.”
This move underscores Trump’s vow to eliminate what he believes to be weaponized justice and lawfare.
According to Bloomberg, Trump Team Preparing to Announce Bessent as Treasury Secretary.
Bessent has a positive attitude towards cryptocurrencies, and once said that "cryptocurrency is about freedom", and believes that Bitcoin can attract young people and new investors and help cultivate the culture of the US market.
Source: Wu Blockchain News
Bessent has a positive attitude towards cryptocurrencies, and once said that "cryptocurrency is about freedom", and believes that Bitcoin can attract young people and new investors and help cultivate the culture of the US market.
Source: Wu Blockchain News
BITCOIN MINER MARA BUYS ANOTHER 5771 BTC
MARA just grabbed 5,771 $BTC for $572M, sitting at an avg. of $95,554 per coin.
Now they’re holding a fat stack of 33,875 BTC, worth around $3.4B with Bitcoin cruising at $99K.
They raised $1B with 0% convertible notes, netting $980M after fees, and the yield’s looking wild—35% per share.
With Bitcoin on this bull run, MARA’s stacking heavy, making moves like a true $BTC whale.
MARA just grabbed 5,771 $BTC for $572M, sitting at an avg. of $95,554 per coin.
Now they’re holding a fat stack of 33,875 BTC, worth around $3.4B with Bitcoin cruising at $99K.
They raised $1B with 0% convertible notes, netting $980M after fees, and the yield’s looking wild—35% per share.
With Bitcoin on this bull run, MARA’s stacking heavy, making moves like a true $BTC whale.
BTC's Mega Pump: $98K and Counting - Bull Run or Blip?
Bitcoin's ripping - $73K on Election Day to $98K today, a 141% YOY rocket ride. Trump’s win + spot ETFs = moon vibes, but the market’s still shaky.
$ETH ? Still fall short of its ATH, down 30% while Bitcoin soaks up the hype. Regulation shifts and BlackRock flexes are making $BTC the main character again.
Crypto’s evolving, but stay watchful; the game’s as volatile as ever.
Bitcoin's ripping - $73K on Election Day to $98K today, a 141% YOY rocket ride. Trump’s win + spot ETFs = moon vibes, but the market’s still shaky.
$ETH ? Still fall short of its ATH, down 30% while Bitcoin soaks up the hype. Regulation shifts and BlackRock flexes are making $BTC the main character again.
Crypto’s evolving, but stay watchful; the game’s as volatile as ever.
BANANA DAO: $6M TAPED FRUIT FLEX HITS CRYPTO CULTURE
Justin Sun, Tron’s CEO, just bought Maurizio Cattelan's duct-taped banana "Comedian" for a whopping $6.2M.
This meme-art piece started at $120K in 2019 and now moonwalks as the ultimate blend of IRL satire and blockchain vibes.
Sun’s plan? Maybe eat it. Maybe tape it to a SpaceX rocket and send it to Mars.
Source: Mario Nawfal
Justin Sun, Tron’s CEO, just bought Maurizio Cattelan's duct-taped banana "Comedian" for a whopping $6.2M.
This meme-art piece started at $120K in 2019 and now moonwalks as the ultimate blend of IRL satire and blockchain vibes.
Sun’s plan? Maybe eat it. Maybe tape it to a SpaceX rocket and send it to Mars.
Source: Mario Nawfal
RAOUL PAL’S BIG BET: $DOGE TO $2.4
Raoul Pal says DOGE’s on a roll—alongside SUI—in the Great Banana Rotation.
Musk is doubling down on D.O.G.E. with plans to reform gov efficiency, and it’s seriously lifting DOGE—whale moves are huge, with 550M DOGE scooped up in a week.
Pal’s calling for $2.4, maybe even $18 if $DOGE keeps firing up.
Raoul Pal says DOGE’s on a roll—alongside SUI—in the Great Banana Rotation.
Musk is doubling down on D.O.G.E. with plans to reform gov efficiency, and it’s seriously lifting DOGE—whale moves are huge, with 550M DOGE scooped up in a week.
Pal’s calling for $2.4, maybe even $18 if $DOGE keeps firing up.
$BTC TO SLASH US DEBT?
Lummis is hyped about BTC cutting the US debt by 50% in 20 years.
She’s all in on Bitcoin as a store of value—like gold—and suggests buying 1 million $BTC ; thinks Bitcoin could help fight inflation and strengthen the dollar’s grip on the global market.
She’s busy pushing the Bitcoin Act of 2024, which protects users and supports self-custody—and MicroStrategy’s Saylor is also vibing with this idea.
The $BTC rally continues, with new ATHs hitting $99k.
Lummis is hyped about BTC cutting the US debt by 50% in 20 years.
She’s all in on Bitcoin as a store of value—like gold—and suggests buying 1 million $BTC ; thinks Bitcoin could help fight inflation and strengthen the dollar’s grip on the global market.
She’s busy pushing the Bitcoin Act of 2024, which protects users and supports self-custody—and MicroStrategy’s Saylor is also vibing with this idea.
The $BTC rally continues, with new ATHs hitting $99k.
CFTC COMMISH CALLS FOR A CRYPTO POLICY GLOW-UP
Commissioner Summer Mersinger threw down about fixing the U.S. crypto policy game, at the North American Blockchain Summit on Nov. 21.
She said it’s time to ditch this messy “regulation by enforcement” and start cooking up some actual standards through notice and comment regulation.
The CFTC’s been tag-teaming with the SEC to drop enforcement hammers left and right.
Mersinger kept it real, saying these crypto projects are expected to play by the same rules but don’t even have a proper way to register.
Translation? It’s a whole lotta chaos, and the system needs a serious overhaul.
Source: Mario Nawfal
Commissioner Summer Mersinger threw down about fixing the U.S. crypto policy game, at the North American Blockchain Summit on Nov. 21.
She said it’s time to ditch this messy “regulation by enforcement” and start cooking up some actual standards through notice and comment regulation.
The CFTC’s been tag-teaming with the SEC to drop enforcement hammers left and right.
Mersinger kept it real, saying these crypto projects are expected to play by the same rules but don’t even have a proper way to register.
Translation? It’s a whole lotta chaos, and the system needs a serious overhaul.
Source: Mario Nawfal
$ETH WHALE DUMPS, PRICE STILL MOONING
A whale just dumped $224M worth of ETH after 8 years in hibernation, causing some panic.
$ETH hit a low but managed to rally 5% today—showing it's still bullish despite the sell-off.
This dump comes after $ETH made massive gains, up 29% this month.
With ETH futures volume also pumping, the market's still looking green even after the whale’s move.
A whale just dumped $224M worth of ETH after 8 years in hibernation, causing some panic.
$ETH hit a low but managed to rally 5% today—showing it's still bullish despite the sell-off.
This dump comes after $ETH made massive gains, up 29% this month.
With ETH futures volume also pumping, the market's still looking green even after the whale’s move.
RIPPLE LEVELS UP WITH ARCHAX COLLAB—TOKENIZED FUNDS INCOMING
Ripple is teaming with Archax, a UK-based FCA-regulated digital marketplace, to crank out more tokenized funds. This move’s all about bringing real-world assets into the crypto fold.
These funds will roll out as tokens tied to the client’s share of physical assets held on the platform, basically, tokenized ownership.
These tokens are expected to hit chains like Hedera Hashgraph, XRPL, and Arbitrum, unlocking yield-heavy money market funds (MMFs) or passive income on-chain.
Ripple is teaming with Archax, a UK-based FCA-regulated digital marketplace, to crank out more tokenized funds. This move’s all about bringing real-world assets into the crypto fold.
These funds will roll out as tokens tied to the client’s share of physical assets held on the platform, basically, tokenized ownership.
These tokens are expected to hit chains like Hedera Hashgraph, XRPL, and Arbitrum, unlocking yield-heavy money market funds (MMFs) or passive income on-chain.
SUI & FRANKLIN TEMPLETON LINK UP FOR DEFI MADNESS
Sui just sealed the deal with Franklin Templeton—yeah, the $1.5 trillion asset beast.
They’re all about backing Sui’s ecosystem and bringing some next-level tech.
Since May 2023, Sui’s been flexing with a 675% jump in TVL and a wild 956% spike in DeFi volume.
With Franklin’s support, Sui’s looking like a serious contender in the DeFi space.
Source: Mario Nawfal
Sui just sealed the deal with Franklin Templeton—yeah, the $1.5 trillion asset beast.
They’re all about backing Sui’s ecosystem and bringing some next-level tech.
Since May 2023, Sui’s been flexing with a 675% jump in TVL and a wild 956% spike in DeFi volume.
With Franklin’s support, Sui’s looking like a serious contender in the DeFi space.
Source: Mario Nawfal
BITCOIN KEEPS ROLLING AFTER $2.6B OPTIONS EXPIRY
$BTC dipped a bit after that $2.6B options expiry today, but nah, it's not sweating and still on track for that $100K, no doubt.
Over $9.7B in stablecoin flows and $1B in ETF inflows are keeping the hype strong.
Leverage dropping? Actually a W for $BTC , and with a 40% gain this month, November's shaping up to be huge, with analysts calling $110K inevitable—just not sure when.
$BTC dipped a bit after that $2.6B options expiry today, but nah, it's not sweating and still on track for that $100K, no doubt.
Over $9.7B in stablecoin flows and $1B in ETF inflows are keeping the hype strong.
Leverage dropping? Actually a W for $BTC , and with a 40% gain this month, November's shaping up to be huge, with analysts calling $110K inevitable—just not sure when.
PI NETWORK COIN MOONING AHEAD OF KYC DEADLINE
Pi Coin is surging hard as the KYC deadline nears on Nov 30—six days straight of price gains.
From a low of $45 to $80, this token is bouncing back, fueled by hype for the Dec mainnet launch; for token miners KYC is key right now—no verification, you lose your coins.
All eyes on Pi hitting $100 again—it’s looking strong, and if it breaks past $100, expect a shot at $121.
But watch for a dip below $62.5—if it happens, the hype train could stall.
Pi Coin is surging hard as the KYC deadline nears on Nov 30—six days straight of price gains.
From a low of $45 to $80, this token is bouncing back, fueled by hype for the Dec mainnet launch; for token miners KYC is key right now—no verification, you lose your coins.
All eyes on Pi hitting $100 again—it’s looking strong, and if it breaks past $100, expect a shot at $121.
But watch for a dip below $62.5—if it happens, the hype train could stall.