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To me, the market has 2 phases of retracement. One that lasts for days / weeks and the other lasts for a 3-6-9 months. To identify the last one, you have to anticipate when the market makers are done playing and just going into hibernation. Simply, they are just getting exhausted, wants to reap profits, let the market reset, so they could come back fresh. Make sure you don't get caught in the net @ this 2nd phase. #N4G
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Trader Turns $2,500 Into $200,000 with High-Stakes XRP Futures Bet. In the fast-moving crypto market, taking risks pays off well for a lot of traders. A trader turned a $2,500 investment into a staggering $200,000 using XRP futures on one of thehigh-leverage platforms. This extraordinary feat, achieved with 500x leverage, offers a compelling tale of risk, reward, and technical precision. The trader entered the market when XRP was priced at $1.9025, leveraging their position to the extreme. With 500x leverage, even the slightest dip to $1.9004, would have wiped out the entire investment. As the news spread, XRP’s value climbed to between $2.13 and $2.29, providing the perfect exit window for the trader. By closing their positions incrementally, they secured a jaw-dropping 7,500% return on their initial stake. Understanding leverage and risk: leverage allows traders to control a larger position with a smaller initial investment, amplifying potential profits and losses. At 500x leverage, the trader controlled a position 500 times their $2,500 investment. However, this high-stakes approach is a double-edged sword. A minuscule price drop below $1.9004 would have triggered liquidation, erasing the entire investment. A gamble that paid off this trader’s story highlight’s the razor-thin line between triumph and catastrophe in crypto trading. While their $200,000 windfall is the stuff of legend, it’s a stark reminder of the discipline, timing, and risk tolerance required to navigate this volatile market. Author: I'm trying to make you read stories for educational purposes. #N4G
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I've noticed recently that I'm starting to get followers who looks as if they are aged between 50-60 years old 'based on their profile pictures' This reminds me of when Social media started back in 2007, our families resisted at first and look where we are now! they even use social media more than us at some cases. Welcome families. #N4G
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MicroStrategy refuses to take profit! During a recent interview with Alex Thorn, head of firmwide research at Galaxy, MicroStrategy co-founder rejected the idea of selling Bitcoin. He said that the community would go "ballistic" if he decided to sell Bitcoin. "They would never trust us ever again," Saylor added. Author comment: I Respect this man, he reminds me of myself back in May 2024, i refused to sell my Kongz meme coin even tho i made x4 my money, but selling it would have created a catastrophic sequence for my team. #N4G
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Who falls first in the trillion dollar gamble? Bitcoin or MicroStrategy? The war between Bitcoin and MicroStrategy is heating up. The company’s entire strategy, and perhaps its existence, is tied to Bitcoin’s unpredictable market. With a trillion dollars on the line, the stakes couldn’t be higher. MicroStrategy has dumped $25.6 billion into Bitcoin since 2020, scooping up 423,650 BTC at an average price of $60,324 per coin. The company, once known for its software, now holds 2% of all Bitcoin in circulation. With Bitcoin trading at over $100,000 this week, those holdings are worth $42 billion. Michael Saylor, MicroStrategy’s co-founder and executive chairman, has become Bitcoin’s loudest megaphone. His “21/21 Plan” outlines a strategy to raise $42 billion—half through debt and half through equity—to buy more Bitcoin. According to Saylor, Bitcoin is the future of corporate finance. He’s even predicting it could hit $13 million per coin by 2045. The confidence is through the roof, but so is the company’s exposure. The company’s stock price has skyrocketed by 540% this year, catapulting its market valuation from $1.1 billion in 2020 to $83 billion. But this is where the cracks start to show. MicroStrategy’s success hinges entirely on Bitcoin’s price. If Bitcoin stumbles, MicroStrategy stumbles harder. Analysts warn that if Bitcoin dips below $30,000, the company could be forced to sell parts of its Bitcoin holdings to cover debts. This could trigger a domino effect, sending Bitcoin’s price even lower and deepening MicroStrategy’s troubles. The company is also dealing with $8 billion in convertible notes due over the next few years. These notes are essentially IOUs, and paying them off depends on Bitcoin maintaining its high value. If the market cools, the company could face a financial nightmare. #N4G
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