LIVEFegzee1963
@fegzee1063
An investigative writer, crypto lover and trader from Nigeria with a passion for empowering the youths economically.
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Staying Focused on Your Crypto Trading Profit Strategy.
1. Define your trading strategy: Before you start trading, it's important to have a clear and well-defined strategy in place. This could include setting specific profit targets, stop-loss levels, and entry and exit points.
2. Stick to your plan: Once you have a trading strategy in place, it's essential to stick to it and not deviate from it when emotions start to take over. This will help you stay focused on your goals and avoid making impulsive decisions.
3. Avoid distractions: When trading, it's important to minimize distractions and focus on the task at hand. This means avoiding checking your phone, talking too much, watching TV, or browsing the internet while trading.
4. Set realistic goals: Setting realistic and achievable goals can help you stay focused and energized to keep moving.
Always do your own independent research before you venture. See you up there.
#Write2earn #Follow4more #BTC #BNB
1. Define your trading strategy: Before you start trading, it's important to have a clear and well-defined strategy in place. This could include setting specific profit targets, stop-loss levels, and entry and exit points.
2. Stick to your plan: Once you have a trading strategy in place, it's essential to stick to it and not deviate from it when emotions start to take over. This will help you stay focused on your goals and avoid making impulsive decisions.
3. Avoid distractions: When trading, it's important to minimize distractions and focus on the task at hand. This means avoiding checking your phone, talking too much, watching TV, or browsing the internet while trading.
4. Set realistic goals: Setting realistic and achievable goals can help you stay focused and energized to keep moving.
Always do your own independent research before you venture. See you up there.
#Write2earn #Follow4more #BTC #BNB
How To Control Your Fear Of Missing Out in A Bull or Bear Market Trend
1. Set clear investment goals: Define your investment goals and stick to them. This will help you avoid making impulsive decisions based on fear of missing out (FOMO) during market fluctuations.
2. Diversify your portfolio: Spread your investments across different cryptocurrencies to reduce the impact of market volatility on your overall portfolio. Diversification can help protect you from FOMO-induced decisions.
3. Stay informed: Keep yourself updated on market trends, news, and developments in the cryptocurrency space. This will help you make informed decisions rather than reacting impulsively to FOMO.
4. Have a trading plan: Develop a trading plan with clear entry and exit points, as well as risk management strategies. Stick to your plan and avoid making hasty emotional and impulsive decisions.
Focus on your goal and learn always. See you at the top.
#Fellow4more #Write2earn #BTC #SOL
1. Set clear investment goals: Define your investment goals and stick to them. This will help you avoid making impulsive decisions based on fear of missing out (FOMO) during market fluctuations.
2. Diversify your portfolio: Spread your investments across different cryptocurrencies to reduce the impact of market volatility on your overall portfolio. Diversification can help protect you from FOMO-induced decisions.
3. Stay informed: Keep yourself updated on market trends, news, and developments in the cryptocurrency space. This will help you make informed decisions rather than reacting impulsively to FOMO.
4. Have a trading plan: Develop a trading plan with clear entry and exit points, as well as risk management strategies. Stick to your plan and avoid making hasty emotional and impulsive decisions.
Focus on your goal and learn always. See you at the top.
#Fellow4more #Write2earn #BTC #SOL
Three Strategies For Making Profits In Crypto Trading In A Bear Market
1. Short selling: Short selling involves borrowing an asset and selling it with the expectation that the price will decrease, allowing the trader to buy it back at a lower price and return it to the lender, profiting from the price difference.
2. Leveraged trading: Leveraged trading allows traders to borrow funds to increase their position size, amplifying both profits and losses. During a bearish trend, leveraged trading can help magnify gains from short positions.
3. Dollar-cost averaging: Dollar-cost averaging involves investing a fixed amount of money at regular intervals, regardless of the market conditions. This strategy can help reduce the impact of short-term price fluctuations and average out the cost of buying assets during a bearish trend.
Whatever the market situation may look like, control your emotions, fears and reactions.
Do your market research well and make well informed decisions. See you at the top.
#Write2earn #Follow4more #BNB #BTC
1. Short selling: Short selling involves borrowing an asset and selling it with the expectation that the price will decrease, allowing the trader to buy it back at a lower price and return it to the lender, profiting from the price difference.
2. Leveraged trading: Leveraged trading allows traders to borrow funds to increase their position size, amplifying both profits and losses. During a bearish trend, leveraged trading can help magnify gains from short positions.
3. Dollar-cost averaging: Dollar-cost averaging involves investing a fixed amount of money at regular intervals, regardless of the market conditions. This strategy can help reduce the impact of short-term price fluctuations and average out the cost of buying assets during a bearish trend.
Whatever the market situation may look like, control your emotions, fears and reactions.
Do your market research well and make well informed decisions. See you at the top.
#Write2earn #Follow4more #BNB #BTC
Bitcoin Bounces Back No Fears
After weeks of high-profile Bitcoin sales by the German government, which had sparked market volatility and raised questions about crypto safety, and fears and negativities by crypto antagonists who just don't understand the market, then sudden buyback happened and ignited speculation and renewed optimism among Bitcoin investors worldwide.
This slip of positive news was the catalyst needed for a turn around of the sliding crypto market.
Let no one tell you that crypto or Bitcoin is a scam. They don't know what they are talking about or they are frustrated. If they can't ride the waves, they should get out of the crypto space and let those who know the parole make the money. See you all at the top.
#BNB #Follow4more #BTC_Bounce_Back_to_57k
After weeks of high-profile Bitcoin sales by the German government, which had sparked market volatility and raised questions about crypto safety, and fears and negativities by crypto antagonists who just don't understand the market, then sudden buyback happened and ignited speculation and renewed optimism among Bitcoin investors worldwide.
This slip of positive news was the catalyst needed for a turn around of the sliding crypto market.
Let no one tell you that crypto or Bitcoin is a scam. They don't know what they are talking about or they are frustrated. If they can't ride the waves, they should get out of the crypto space and let those who know the parole make the money. See you all at the top.
#BNB #Follow4more #BTC_Bounce_Back_to_57k
KUCOIN To Start Vat Tax Collection From Nigerians
This letter by now must have reached all Nigerian crypto traders operating in KuCoin.
👇👇👇
Dear KuCoin User,
We are writing to inform you of an important regulatory update that impacts our users from the Republic of Nigeria. Starting from July 8th, 2024, we will begin collecting a Value-Added Tax (“VAT”) at a rate of 7.5% on transaction fees in each trade for users whose KYC information is registered in Nigeria.Example Calculation:Transaction: Buy 1,000 USDT worth of BTCFee: 1 USDT (0.1% fee rate)Tax: 0.075 USDT (7.5% of the fee)Net Amount for Transaction: 998.925 USDTPlease note that the VAT will be applied to the transaction fees in each trade, not the transaction amount, and covers all transaction types on KuCoin platform......
Regards,
The KuCoin Team
We are watching to see development on this and the crypto space in Nigeria.
#BTC #Kycoin #BNB #Folliw4more
This letter by now must have reached all Nigerian crypto traders operating in KuCoin.
👇👇👇
Dear KuCoin User,
We are writing to inform you of an important regulatory update that impacts our users from the Republic of Nigeria. Starting from July 8th, 2024, we will begin collecting a Value-Added Tax (“VAT”) at a rate of 7.5% on transaction fees in each trade for users whose KYC information is registered in Nigeria.Example Calculation:Transaction: Buy 1,000 USDT worth of BTCFee: 1 USDT (0.1% fee rate)Tax: 0.075 USDT (7.5% of the fee)Net Amount for Transaction: 998.925 USDTPlease note that the VAT will be applied to the transaction fees in each trade, not the transaction amount, and covers all transaction types on KuCoin platform......
Regards,
The KuCoin Team
We are watching to see development on this and the crypto space in Nigeria.
#BTC #Kycoin #BNB #Folliw4more
Bitcoin; The Dump and Slump in Crypto Prices
Bitcoin fell for a fourth consecutive trading session, reaching the lowest since February, on concerns about potential sellings and dumping by governments, creditors of a failed exchange and beleaguered crypto miners.
The digital asset fell as much as 8% to $53,602, before paring the decline by about half. Most cryptocurrencies fell broadly also along the same line.in a ripple effect.
Bitcoin is now down about 25% from its March record, as the buzz around US exchange-traded funds investing directly in the token gives way to fears of higher interest rates and political uncertainty.
On top of that, administrators of the failed Mt. Gox exchange are returning billions of dollars worth of Bitcoin to creditors. A Mt. Gox-linked wallet moved billions of dollars worth of the Bitcoin on Friday, according to Intelligence report.
All these dumpings and likely selling off have impacted serious on crypto prices leading to a downward movement. But I dare say fear not, what goes down must rise again. That is the crypto market. As usual, go your research well and get positioned to take advantage of even a bad situation. Follow me, comment and like as I bring you more excerpts.
#BTC #BNB #ETH #Follow4more
Bitcoin fell for a fourth consecutive trading session, reaching the lowest since February, on concerns about potential sellings and dumping by governments, creditors of a failed exchange and beleaguered crypto miners.
The digital asset fell as much as 8% to $53,602, before paring the decline by about half. Most cryptocurrencies fell broadly also along the same line.in a ripple effect.
Bitcoin is now down about 25% from its March record, as the buzz around US exchange-traded funds investing directly in the token gives way to fears of higher interest rates and political uncertainty.
On top of that, administrators of the failed Mt. Gox exchange are returning billions of dollars worth of Bitcoin to creditors. A Mt. Gox-linked wallet moved billions of dollars worth of the Bitcoin on Friday, according to Intelligence report.
All these dumpings and likely selling off have impacted serious on crypto prices leading to a downward movement. But I dare say fear not, what goes down must rise again. That is the crypto market. As usual, go your research well and get positioned to take advantage of even a bad situation. Follow me, comment and like as I bring you more excerpts.
#BTC #BNB #ETH #Follow4more
Become Rich With Scalping Trading Strategy
A Crypto Scalper needs to know when to move in, make a hit, take profit and move out. Its like ambush in warfare. Or like a sniper. Know the right time to strike (Scalp) and hit hard, then escape with your profit. Some times you have to wait for long until you see a good chance.Crypto scalping is a trading strategy that involves making small, quick profits by buying and selling cryptocurrencies within a short time frame, usually a few minutes to an hour. Scalpers aim to profit from small price movements, taking advantage of short-term volatility in the market.To be successful at crypto scalping, traders need to be able to quickly identify opportunities and act fast. They often use technical analysis to identify short-term trends, support and resistance levels, to determine entry and exit points for their trades. Scalpers may also use trading bots or automated algorithms to execute their trades quickly and efficiently.Furthermore, scalpers need to be disciplined and patient, as it can take time to identify profitable trades and execute them quickly.Always do your research well before you delve into any trading venture. Follow me to the top. We will get there.
#Follow4more #Write2earn #BTC #BNB
A Crypto Scalper needs to know when to move in, make a hit, take profit and move out. Its like ambush in warfare. Or like a sniper. Know the right time to strike (Scalp) and hit hard, then escape with your profit. Some times you have to wait for long until you see a good chance.Crypto scalping is a trading strategy that involves making small, quick profits by buying and selling cryptocurrencies within a short time frame, usually a few minutes to an hour. Scalpers aim to profit from small price movements, taking advantage of short-term volatility in the market.To be successful at crypto scalping, traders need to be able to quickly identify opportunities and act fast. They often use technical analysis to identify short-term trends, support and resistance levels, to determine entry and exit points for their trades. Scalpers may also use trading bots or automated algorithms to execute their trades quickly and efficiently.Furthermore, scalpers need to be disciplined and patient, as it can take time to identify profitable trades and execute them quickly.Always do your research well before you delve into any trading venture. Follow me to the top. We will get there.
#Follow4more #Write2earn #BTC #BNB
Discipline And Patience For Success In Crypto Trading
In the world of trading, discipline and patience are essential tools for success. Discipline is about sticking to your trading plan, even when temptations arise. It’s the ability to follow your strategy, avoiding impulsive decisions based on market hype or fear. Patience, on the other hand, is about waiting for the right trading opportunities, not forcing trades for the sake of being active.
Developing discipline and patience:
Do independent analysis: Always conduct your own research and analysis before making a trade instead of following the crowd.
Set and follow rules: Create clear rules for your trading – such as entry, exit, and risk management strategies – and commit to following them.
Practice mindfulness: Mindfulness techniques can improve your focus, prevent impulsive decisions and help you stay calm.
Take breaks: Regular breaks from trading can learn your mind, prevent stress and burnout and maintain your patience.
Learn from mistakes: Review your trades, especially the unsuccessful ones, to understand what went wrong. Use these insights to reinforce your discipline and patience for future trades.
Set realistic expectations: Understand that profits in trading don’t come overnight. Accepting the reality of the market’s ups and downs can cultivate patience.
I hope you picked a few hints to help you move forward. See you at the top.
#Follow4more #Write2Earn! #BNB #ETH
In the world of trading, discipline and patience are essential tools for success. Discipline is about sticking to your trading plan, even when temptations arise. It’s the ability to follow your strategy, avoiding impulsive decisions based on market hype or fear. Patience, on the other hand, is about waiting for the right trading opportunities, not forcing trades for the sake of being active.
Developing discipline and patience:
Do independent analysis: Always conduct your own research and analysis before making a trade instead of following the crowd.
Set and follow rules: Create clear rules for your trading – such as entry, exit, and risk management strategies – and commit to following them.
Practice mindfulness: Mindfulness techniques can improve your focus, prevent impulsive decisions and help you stay calm.
Take breaks: Regular breaks from trading can learn your mind, prevent stress and burnout and maintain your patience.
Learn from mistakes: Review your trades, especially the unsuccessful ones, to understand what went wrong. Use these insights to reinforce your discipline and patience for future trades.
Set realistic expectations: Understand that profits in trading don’t come overnight. Accepting the reality of the market’s ups and downs can cultivate patience.
I hope you picked a few hints to help you move forward. See you at the top.
#Follow4more #Write2Earn! #BNB #ETH
Good or Bad News?! (BTC Drops Below 60,000 USDT) 💔
Good or Bad news, On Jun 24, 2024, 17:12 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 60,000 USDT and is now trading at 59,881.621094 USDT, with a narrowed 6.49% decrease in 24 hours.
These kind of Binance news headings above does seem to want to raise the blood pressure of a lot of people and throw many into a state of panic and confusion, especially as they see the value of their investments and portfolio plummet and go down.
But let me tell you this. Just as what goes up must come down, so also shall the fallen bones rise again.
Don't panic or trouble yourselves too much as crypto prices go down, but rather, prepare yourself for the turn around. It is not the end of the world and definitely not the end of crypto, so they must surely reach a point where they will start pumping again.
So what do you do at this time.
(1) Control your emotions and focus on your strategy.
(2) Don't sell. If you sell you lose. Hold on to your positions and be patient.
(3) If you are in margined trade, increase your margin to avoid liquidation.
(4) Do your own research and start buying at these low prices if you have funds.
(5) Then monitor the market, watch and wait.
The patient dog eats the fattest bone. Wait and wait and I assure you, the prices will rise again and you will make huge profits from those purchases at low prices, or at least recover your old investment values. That is the beauty of crypto trading with care and focus.
Like and follow me for more. See you at the top.
#BTC #BNB #SOL #Follow4more
These kind of Binance news headings above does seem to want to raise the blood pressure of a lot of people and throw many into a state of panic and confusion, especially as they see the value of their investments and portfolio plummet and go down.
But let me tell you this. Just as what goes up must come down, so also shall the fallen bones rise again.
Don't panic or trouble yourselves too much as crypto prices go down, but rather, prepare yourself for the turn around. It is not the end of the world and definitely not the end of crypto, so they must surely reach a point where they will start pumping again.
So what do you do at this time.
(1) Control your emotions and focus on your strategy.
(2) Don't sell. If you sell you lose. Hold on to your positions and be patient.
(3) If you are in margined trade, increase your margin to avoid liquidation.
(4) Do your own research and start buying at these low prices if you have funds.
(5) Then monitor the market, watch and wait.
The patient dog eats the fattest bone. Wait and wait and I assure you, the prices will rise again and you will make huge profits from those purchases at low prices, or at least recover your old investment values. That is the beauty of crypto trading with care and focus.
Like and follow me for more. See you at the top.
#BTC #BNB #SOL #Follow4more
Safety Tips To Make Money In Crypto Margin Trading
Crypto margin is a high profit making but very risky business, but there are some safety Tips to guide the serious minded persons.
Only invest what you can afford to lose: Remember, your losses are amplified. So do the math when you’re opening a position and make sure you understand the potential loss, and whether you can afford to lose it.
Start small: Leverage can go as high as x100, and it can be tempting to shoot for the moon, but don’t. Control your greed. Start small, and learn until you understand very well.
Always take your profits: When the going is good it’s tempting to keep reinvesting those gains, but you should regularly take profits when you can as the market may change suddenly.
Utilize stop loss orders to limit losses or lock in profit on an existing position automatically, so when the crypto you have a position on rises or falls to a certain price, it will utomatically close your position.
Keep a separate trading account different from your margin trading account to ensure you don’t end up using funds you wanted to hold as collateral.
Make sure you understand what you are doing before going in with larger funds.
Use well-regulated exchanges. When you are dealing with increased risk and exposure, you want an exchange that you can rely on with your funds without being scammed.
Do good research before you venture. As always, please like, comment and follow me. We must make it to the top.
#BNB #BTC #ETH #Follow_Me_For_More
Crypto margin is a high profit making but very risky business, but there are some safety Tips to guide the serious minded persons.
Only invest what you can afford to lose: Remember, your losses are amplified. So do the math when you’re opening a position and make sure you understand the potential loss, and whether you can afford to lose it.
Start small: Leverage can go as high as x100, and it can be tempting to shoot for the moon, but don’t. Control your greed. Start small, and learn until you understand very well.
Always take your profits: When the going is good it’s tempting to keep reinvesting those gains, but you should regularly take profits when you can as the market may change suddenly.
Utilize stop loss orders to limit losses or lock in profit on an existing position automatically, so when the crypto you have a position on rises or falls to a certain price, it will utomatically close your position.
Keep a separate trading account different from your margin trading account to ensure you don’t end up using funds you wanted to hold as collateral.
Make sure you understand what you are doing before going in with larger funds.
Use well-regulated exchanges. When you are dealing with increased risk and exposure, you want an exchange that you can rely on with your funds without being scammed.
Do good research before you venture. As always, please like, comment and follow me. We must make it to the top.
#BNB #BTC #ETH #Follow_Me_For_More
Best 10 Coins for Spot Trading
Bitcoin (BTC) is a top choice for Spot trading due to its high liquidity, large trading volume, and market stability. With a high market capitalization, Bitcoin is seen as a secure long-term investment.
Ethereum (ETH) is another prominent option for Spot trading, boasting a substantial market capitalization, strong trading volume, and liquidity.
Solana (SOL) is gaining attention in the crypto Spot trading space due to its growing market capitalization, increasing trading volume, and liquidity. Its technology focuses on scalability and speed, providing a competitive edge in the market.
Dogecoin(DOGE) has emerged as a favorite among Spot traders, largely due to its high volatility and the influence of high-profile endorsements. Notably, Elon Musk's frequent comments about the digital currency have often led to significant DOGE price movements.
Avalanche (AVAX) is recognized for its solid market capitalization, substantial trading volume, and liquidity, making it an attractive option for Spot trading.
Chainlink (LINK) is a popular choice for Spot trading, offering a mix of high market capitalization, significant trading volume, and liquidity. Its decentralized oracle network provides reliable data for smart contracts, enhancing its utility and value.
Cardano (ADA) presents itself as a compelling option for Spot trading, backed by a substantial market capitalization, robust trading volume, and liquidity. Its focus on sustainability, scalability, and security attracts traders looking for long-term growth potential in the cryptocurrency market.
Cosmos (ATOM) stands out with its solid market capitalization, notable trading volume, and liquidity. Its unique interoperability features and focus on scalability make it an appealing choice for traders looking to diversify their portfolios and explore new opportunities in the market.
Polygon (MATIC) is a popular choice thanks to its increasing market capitalization, trading volume, and liquidity. As a scaling solution for Ethereum, Polygon addresses key issues like high gas fees and slow transactions, making it a sought-after asset for traders seeking efficient and cost-effective trading experiences.
Binance Coin (BNB) continues to be a top choice for Spot trading, supported by its substantial market capitalization, trading volume, and liquidity. As the native asset of the Binance ecosystem, BNB offers various use cases, including trading fee discounts and participation in token sales, making it a versatile asset for traders seeking utility and value in the crypto market. Traders leverage Binance Coin for its potential to diversify portfolios and enhance trading experiences on one of the largest cryptocurrency exchanges.
It is however my advice that you do your own research to decide what exactly suits your desire as regards crypto trading and profits.
As usual, like, comment and follow me and let's keep delving into this world of crypto riches and wonders. See you at the top.
#BTC #ETH #BNB #SOL
Ethereum (ETH) is another prominent option for Spot trading, boasting a substantial market capitalization, strong trading volume, and liquidity.
Solana (SOL) is gaining attention in the crypto Spot trading space due to its growing market capitalization, increasing trading volume, and liquidity. Its technology focuses on scalability and speed, providing a competitive edge in the market.
Dogecoin(DOGE) has emerged as a favorite among Spot traders, largely due to its high volatility and the influence of high-profile endorsements. Notably, Elon Musk's frequent comments about the digital currency have often led to significant DOGE price movements.
Avalanche (AVAX) is recognized for its solid market capitalization, substantial trading volume, and liquidity, making it an attractive option for Spot trading.
Chainlink (LINK) is a popular choice for Spot trading, offering a mix of high market capitalization, significant trading volume, and liquidity. Its decentralized oracle network provides reliable data for smart contracts, enhancing its utility and value.
Cardano (ADA) presents itself as a compelling option for Spot trading, backed by a substantial market capitalization, robust trading volume, and liquidity. Its focus on sustainability, scalability, and security attracts traders looking for long-term growth potential in the cryptocurrency market.
Cosmos (ATOM) stands out with its solid market capitalization, notable trading volume, and liquidity. Its unique interoperability features and focus on scalability make it an appealing choice for traders looking to diversify their portfolios and explore new opportunities in the market.
Polygon (MATIC) is a popular choice thanks to its increasing market capitalization, trading volume, and liquidity. As a scaling solution for Ethereum, Polygon addresses key issues like high gas fees and slow transactions, making it a sought-after asset for traders seeking efficient and cost-effective trading experiences.
Binance Coin (BNB) continues to be a top choice for Spot trading, supported by its substantial market capitalization, trading volume, and liquidity. As the native asset of the Binance ecosystem, BNB offers various use cases, including trading fee discounts and participation in token sales, making it a versatile asset for traders seeking utility and value in the crypto market. Traders leverage Binance Coin for its potential to diversify portfolios and enhance trading experiences on one of the largest cryptocurrency exchanges.
It is however my advice that you do your own research to decide what exactly suits your desire as regards crypto trading and profits.
As usual, like, comment and follow me and let's keep delving into this world of crypto riches and wonders. See you at the top.
#BTC #ETH #BNB #SOL
Buying 2 Pizzas for 10,000 Bitcoins. Wow!!
On May 22, 2010, the software developer under the nickname Laszlo bought two of the most expensive pizzas ever sold. At that time, the cost of bitcoins was nominal, and the first miners simply did not know where to put their "funny money". And Laszlo on one of the bitcoin forums said that he would pay 10 thousand coins to whoever delivered two pizzas to him. At that time, the deal looked completely ordinary. At that rate Laszlo did not overpay for his sumptuous dinner, but already in August of that same year, the two pizzas would have cost him $600. Bitcoin price was already going up.
By today's price, Laszlo has bought two pizzas for $600 million or thereabouts.
Every year. on May 22, Bitcoin pizza day is celebrated.
Big lesson there about not being too hasty.
#BTC #ETH
On May 22, 2010, the software developer under the nickname Laszlo bought two of the most expensive pizzas ever sold. At that time, the cost of bitcoins was nominal, and the first miners simply did not know where to put their "funny money". And Laszlo on one of the bitcoin forums said that he would pay 10 thousand coins to whoever delivered two pizzas to him. At that time, the deal looked completely ordinary. At that rate Laszlo did not overpay for his sumptuous dinner, but already in August of that same year, the two pizzas would have cost him $600. Bitcoin price was already going up.
By today's price, Laszlo has bought two pizzas for $600 million or thereabouts.
Every year. on May 22, Bitcoin pizza day is celebrated.
Big lesson there about not being too hasty.
#BTC #ETH
How To Buy Low And Sell High For Good Profit
Successful trading is often portrayed as a complex and mysterious endeavor, but at its core, it revolves around a fundamental principle: buying low and selling high. While this concept may seem simplistic, it remains a timeless strategy that has generated substantial profits for traders throughout history.
At its essence, the "buy low, sell high" principle is based on the idea of capitalizing on market inefficiencies and price fluctuations. By purchasing assets when their prices are low and subsequently selling them when they appreciate, traders aim to profit from the price differential. While the concept may appear straightforward, implementing it successfully requires skill, research, and an understanding of market dynamics.
It also involve a very thorough understanding of the coins you want to buy or sell. Their highs and lows, and also patience to wait, watch and study until you are sure of the chart movement and the trends.
The crypto buy low sell high strategy involves buying Bitcoin or an altcoin at a low price and selling it at a high price. For example, when we buy Bitcoin at $66,000, and sell when it’s at $68,000, we bought low and sold high.
For some, “selling high” means selling at a 10% return, while for others it means selling at a 1000% return. In either case, investors aim to sell higher than their initial investment. Just ensure that you take your profit when the market is going seriously against your strategy for a reasonable period of time. That way you take your profit or cut your loses. Eyes on the chart checking the reds and the greens and time, is very important.
The obvious caveat here is that this strategy is based on market timing. If we can time when prices will go high or low based on market fluctuations (bullish vs bearish), we can strategize when to buy and then look out for the best time to sell at reasonable profit. This is where the watching, timing and studying the charts come in along with public opinions and relative impactful news.
A short-term strategy can also yield profits, by buying when prices dip during the day and selling when prices peak. This is called “day trading”. Using indicators such as the RSI indicator, we can identify when prices hit support levels during the day and sell when they hit resistance.
FOMO. Crypto can appreciate fast and cause the fear of missing out. The fear and greed barometer switches to extreme greed, and this makes investors act irrationally. Control your emotions and be guided by knowledge and strategy.
Holding out. On the other end of FOMO is the act of holding out. Without a plan to follow (i.e. buying or selling at a specific price corresponding to historic support and resistance levels), emotions take over when volatility is high. The trader without a plan will keep waiting for prices to fall even lower before buying, only to watch as prices rebound. Then they will be forced to buy high as the FOMO monster kicks in. Again, control your emotions and follow your plans.
Not doing proper research. Traders who buy altcoins just because it’s pumping are at risk of losing everything if the coin goes to zero and never recovers. The golden rule in investing, “never buy something you do not understand” rings truer in crypto than anywhere else. If you do not know the price history of a coin, there is a high chance you will end up buying when it’s high – because this is when everyone is talking about it, and you get into that FOMO mood again.
When not too sure, take the little profit you have, that could be called scalping, then wait and watch for some time. Cryptos fluctuate a lot. Today's high can be tomorrow's low for the short term trader. You can always go back in after a while. What matters is that you always come out with a profit, big or small, and keep growing your portfolio.
Proper research (DYOR) cannot remove all risks in crypto investing but it can significantly shield you from unnecessary losses.
Like and follow me as I intend to keep breaking down this trading strategy until as many people as possible become comfortable with it. See you at the top.
#BTC #ETH #BNB #SOL
At its essence, the "buy low, sell high" principle is based on the idea of capitalizing on market inefficiencies and price fluctuations. By purchasing assets when their prices are low and subsequently selling them when they appreciate, traders aim to profit from the price differential. While the concept may appear straightforward, implementing it successfully requires skill, research, and an understanding of market dynamics.
It also involve a very thorough understanding of the coins you want to buy or sell. Their highs and lows, and also patience to wait, watch and study until you are sure of the chart movement and the trends.
The crypto buy low sell high strategy involves buying Bitcoin or an altcoin at a low price and selling it at a high price. For example, when we buy Bitcoin at $66,000, and sell when it’s at $68,000, we bought low and sold high.
For some, “selling high” means selling at a 10% return, while for others it means selling at a 1000% return. In either case, investors aim to sell higher than their initial investment. Just ensure that you take your profit when the market is going seriously against your strategy for a reasonable period of time. That way you take your profit or cut your loses. Eyes on the chart checking the reds and the greens and time, is very important.
The obvious caveat here is that this strategy is based on market timing. If we can time when prices will go high or low based on market fluctuations (bullish vs bearish), we can strategize when to buy and then look out for the best time to sell at reasonable profit. This is where the watching, timing and studying the charts come in along with public opinions and relative impactful news.
A short-term strategy can also yield profits, by buying when prices dip during the day and selling when prices peak. This is called “day trading”. Using indicators such as the RSI indicator, we can identify when prices hit support levels during the day and sell when they hit resistance.
FOMO. Crypto can appreciate fast and cause the fear of missing out. The fear and greed barometer switches to extreme greed, and this makes investors act irrationally. Control your emotions and be guided by knowledge and strategy.
Holding out. On the other end of FOMO is the act of holding out. Without a plan to follow (i.e. buying or selling at a specific price corresponding to historic support and resistance levels), emotions take over when volatility is high. The trader without a plan will keep waiting for prices to fall even lower before buying, only to watch as prices rebound. Then they will be forced to buy high as the FOMO monster kicks in. Again, control your emotions and follow your plans.
Not doing proper research. Traders who buy altcoins just because it’s pumping are at risk of losing everything if the coin goes to zero and never recovers. The golden rule in investing, “never buy something you do not understand” rings truer in crypto than anywhere else. If you do not know the price history of a coin, there is a high chance you will end up buying when it’s high – because this is when everyone is talking about it, and you get into that FOMO mood again.
When not too sure, take the little profit you have, that could be called scalping, then wait and watch for some time. Cryptos fluctuate a lot. Today's high can be tomorrow's low for the short term trader. You can always go back in after a while. What matters is that you always come out with a profit, big or small, and keep growing your portfolio.
Proper research (DYOR) cannot remove all risks in crypto investing but it can significantly shield you from unnecessary losses.
Like and follow me as I intend to keep breaking down this trading strategy until as many people as possible become comfortable with it. See you at the top.
#BTC #ETH #BNB #SOL
How To Control Your Greed and Make Good Money In Crypto Trading
1.Have a trading plan
The only way you can check on yourself whether you are trading out of greed or not is by maintaining a trading plan. This helps you to find out what you are doing in the market. If you show consistency in your trading plan soon you will get rid of your greediness.
2.Put aside your get rich quick mentality
If you want to stay in the long run then you must forget the concept of making money quick. If you focus on your trading skills and strategies you can make money profitably without the fear of losing your money.
3. Never do over-trading
It is one of the biggest mistakes the traders make out of greed. The new traders want to make money fast and start over-trading, and after a few over-trades, they find out painfully that they have blown their account. So never trade in the market with the hope of making money fast.
No matter what trading strategy you adopt, the important thing is not letting your greed overpower your analytical decision making.
Sticking to sound investment decisions while controlling your emotions helps a lot. So start taming your emotions now and consistently begin to grow your crypto and portfolio with care and strategic planning, and I can assure you that in a short while you will be amazed at what a $100 start up investment can grow into.
Follow me for more as you research and plan big for the future. Don't rush. See you at the top.
#BTC #BNB #Write2earn
1.Have a trading plan
The only way you can check on yourself whether you are trading out of greed or not is by maintaining a trading plan. This helps you to find out what you are doing in the market. If you show consistency in your trading plan soon you will get rid of your greediness.
2.Put aside your get rich quick mentality
If you want to stay in the long run then you must forget the concept of making money quick. If you focus on your trading skills and strategies you can make money profitably without the fear of losing your money.
3. Never do over-trading
It is one of the biggest mistakes the traders make out of greed. The new traders want to make money fast and start over-trading, and after a few over-trades, they find out painfully that they have blown their account. So never trade in the market with the hope of making money fast.
No matter what trading strategy you adopt, the important thing is not letting your greed overpower your analytical decision making.
Sticking to sound investment decisions while controlling your emotions helps a lot. So start taming your emotions now and consistently begin to grow your crypto and portfolio with care and strategic planning, and I can assure you that in a short while you will be amazed at what a $100 start up investment can grow into.
Follow me for more as you research and plan big for the future. Don't rush. See you at the top.
#BTC #BNB #Write2earn
Top Four Altcoins Set To Surge Up To 100% In The Coming Week
Amid increased price volatility, the cryptocurrency market has displayed significant price action over the past few days.
Some mid-cap and low-cap altcoins have displayed a significant uptrend over the past week, indicating a switch of interest among investors toward these crypto tokens.
These 4 altcoins have a high potential to record a surge of up to 100% in their respective portfolio during the upcoming week.
GMX (GMX): A Decentralized exchange (DEX) for trading perpetual cryptocurrency futures with up to 50X leverage on the top crypto tokens such as Bitcoin (BTC), Ethereum (ETH), and many others. Launched in September 2021 on the Avalanche chain.
The altcoin has recorded a correction of approximately 5% within the past day but has recorded a jump of over 7% within the past week and has added 54.69% to its portfolio over the past month.
Brett (BASED) (BRETT):
Introduced as Pepe Memecoin’s best friend, the Brett project is built on the BASE chain. The BRETT memecoin is the latest sensational token of the rapidly expanding BASE ecosystem. The project allows the platform to leverage the resources and expertise of other projects in the space.
ALL BEST ICO (ALLBI):
Built on the Solana chain, the ALLBI project aims to assist its clients in creating a project in its system by preparing a cryptocurrency for them on their own terms, advertising, website, and administration.
BEERCOIN (BEER): This is referred to as liquid gold. The BEER token works as the universal currency of enjoyment, togetherness, and happiness. Built on the Solana chain, this memecoin instantly gained significant attention in the crypto market due to huge whale activities.
The memecoin has jumped approximately 150% within the past week and has surged 308.21% since its inception.
These could be your key cryptos for breakthroughs. Who knows, but do your own indepth research and be sure of your investment strategy and goals.
Culled from CoinPedia
#BEERCOIN #GMX
Amid increased price volatility, the cryptocurrency market has displayed significant price action over the past few days.
Some mid-cap and low-cap altcoins have displayed a significant uptrend over the past week, indicating a switch of interest among investors toward these crypto tokens.
These 4 altcoins have a high potential to record a surge of up to 100% in their respective portfolio during the upcoming week.
GMX (GMX): A Decentralized exchange (DEX) for trading perpetual cryptocurrency futures with up to 50X leverage on the top crypto tokens such as Bitcoin (BTC), Ethereum (ETH), and many others. Launched in September 2021 on the Avalanche chain.
The altcoin has recorded a correction of approximately 5% within the past day but has recorded a jump of over 7% within the past week and has added 54.69% to its portfolio over the past month.
Brett (BASED) (BRETT):
Introduced as Pepe Memecoin’s best friend, the Brett project is built on the BASE chain. The BRETT memecoin is the latest sensational token of the rapidly expanding BASE ecosystem. The project allows the platform to leverage the resources and expertise of other projects in the space.
ALL BEST ICO (ALLBI):
Built on the Solana chain, the ALLBI project aims to assist its clients in creating a project in its system by preparing a cryptocurrency for them on their own terms, advertising, website, and administration.
BEERCOIN (BEER): This is referred to as liquid gold. The BEER token works as the universal currency of enjoyment, togetherness, and happiness. Built on the Solana chain, this memecoin instantly gained significant attention in the crypto market due to huge whale activities.
The memecoin has jumped approximately 150% within the past week and has surged 308.21% since its inception.
These could be your key cryptos for breakthroughs. Who knows, but do your own indepth research and be sure of your investment strategy and goals.
Culled from CoinPedia
#BEERCOIN #GMX
Crypto Billionaire Michael Novogratz Says Bitcoin Will Surge Above $100,000 This Year
I tend to agree will this Bitcoin prediction by Michael.
He told Bloomberg TV that political pushback is on the decline, a positive for crypto, and Bitcoin could break past $100,000 by the end of this year as political roadblocks come down.
"If we take out $73,000 in the next week or so, we're gonna end the year at $100,000. Somewhere around there or even higher," the crypto enthusiast said on Tuesday. That indicates a 40% gain from Wednesday's price $71,500.
As for why, Novogratz said that in past weeks, he's been waiting for two things to catalyze a fresh rally for bitcoin.
"More regulatory clarity, which I thought was a low probability at that point, and/or the Fed starting to move. We're getting the regulatory clarity," he said "And even though it's not perfect, we got enough that people now realize this is coming."
Although it remains a developing tailwind, there are clear signs that the government is changing its tune toward the industry.
This is a good insight for the forward looking investors on Bitcoin, nevertheless always think deep and do your research before you take any investment step. Follow me for more developments.
#BTC
I tend to agree will this Bitcoin prediction by Michael.
He told Bloomberg TV that political pushback is on the decline, a positive for crypto, and Bitcoin could break past $100,000 by the end of this year as political roadblocks come down.
"If we take out $73,000 in the next week or so, we're gonna end the year at $100,000. Somewhere around there or even higher," the crypto enthusiast said on Tuesday. That indicates a 40% gain from Wednesday's price $71,500.
As for why, Novogratz said that in past weeks, he's been waiting for two things to catalyze a fresh rally for bitcoin.
"More regulatory clarity, which I thought was a low probability at that point, and/or the Fed starting to move. We're getting the regulatory clarity," he said "And even though it's not perfect, we got enough that people now realize this is coming."
Although it remains a developing tailwind, there are clear signs that the government is changing its tune toward the industry.
This is a good insight for the forward looking investors on Bitcoin, nevertheless always think deep and do your research before you take any investment step. Follow me for more developments.
#BTC
Cryptos Hitting New All-time High This June
Some digital assets are defying all market odds and reaching new all-time highs in early June.
Let us highlight three cryptocurrencies that have surged significantly: Notcoin (NOT), Hoppy (HOPPY), and ANDY. Each of these altcoins has shown remarkable performance, driven by various factors such as integrations, community engagement, and unique value propositions. Let’s delve into the specifics of these cryptos recent achievements.
(1) Notcoin (NOT) is a cryptocurrency on Telegram that has surged over 350% in weekly gains, hitting an all-time high of $0.02896 on June 2, 2024 . Its current price is $0.02369, after having experienced a surge of 22% over the past week.
The coin’s market cap was pushed to $2.4 billion, securing the 53rd position, according to CoinMarketCap. The increase in value is attributed to its integration with Telegram’s user base and successful airdrop.
(2) Hoppy (HOPPY) meme coin skyrocketed in value by approximately over 400% over the past week to trade at $0.00002901. In the past day, the memecoin on Ethereum saw a surge in price by around 55.84%. This performance pushed HOPPY to achieve its all-time high of $0.00004852 today. on June 3, 2024.
HOPPY is a new meme coin that started trading on Apr 23, 2024.
Hoppy started his memetic uprising by creating numerous variations of memes that solidified his legendary reputation, dominating every style with his unmatched strength.
(3) ANDY (ANDY) is also another meme coin on Ethereum, making waves and gaining traction in the crypto community. Having started trading on May 15, 2024, the token has skyrocketed in value by 46020.75%, trading today at $0.0002641.
Over the past week, ANDY experienced a 71.70% surge in price, hitting an all-time high of $0.0003005 today on June, 3, 2024. With a market cap of approximately $262.46, and a 24-hour trading volume of $15.11million, the memecoin has witnessed a 7% increase in its value over the past day.
Culled from CoinGape.
You may want to take closer investment looks at some of these coins, but do not say I told you. Remember to do your own independent research. Follow me for more info on market developments as they unfold.
#NOT #ANDY #HOPPY #BNB
Let us highlight three cryptocurrencies that have surged significantly: Notcoin (NOT), Hoppy (HOPPY), and ANDY. Each of these altcoins has shown remarkable performance, driven by various factors such as integrations, community engagement, and unique value propositions. Let’s delve into the specifics of these cryptos recent achievements.
(1) Notcoin (NOT) is a cryptocurrency on Telegram that has surged over 350% in weekly gains, hitting an all-time high of $0.02896 on June 2, 2024 . Its current price is $0.02369, after having experienced a surge of 22% over the past week.
The coin’s market cap was pushed to $2.4 billion, securing the 53rd position, according to CoinMarketCap. The increase in value is attributed to its integration with Telegram’s user base and successful airdrop.
(2) Hoppy (HOPPY) meme coin skyrocketed in value by approximately over 400% over the past week to trade at $0.00002901. In the past day, the memecoin on Ethereum saw a surge in price by around 55.84%. This performance pushed HOPPY to achieve its all-time high of $0.00004852 today. on June 3, 2024.
HOPPY is a new meme coin that started trading on Apr 23, 2024.
Hoppy started his memetic uprising by creating numerous variations of memes that solidified his legendary reputation, dominating every style with his unmatched strength.
(3) ANDY (ANDY) is also another meme coin on Ethereum, making waves and gaining traction in the crypto community. Having started trading on May 15, 2024, the token has skyrocketed in value by 46020.75%, trading today at $0.0002641.
Over the past week, ANDY experienced a 71.70% surge in price, hitting an all-time high of $0.0003005 today on June, 3, 2024. With a market cap of approximately $262.46, and a 24-hour trading volume of $15.11million, the memecoin has witnessed a 7% increase in its value over the past day.
Culled from CoinGape.
You may want to take closer investment looks at some of these coins, but do not say I told you. Remember to do your own independent research. Follow me for more info on market developments as they unfold.
#NOT #ANDY #HOPPY #BNB
Binance Set To Delist Major Altcoins In June
Binance has announced it's plan to delist and cease the trading of significant altcoins OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) set to take effect on June 17th, 2024. The move comes amidst Binance’s ongoing quality assurance processes to ensure that only the most reliable and secure assets are available on the platform. Several criteria for delisting included the activity level of the altcoin’s development team, trading volume, liquidity, network stability, security, adherence to due diligence, and community communication.
Culled from CoinPedia.
Please watch out for more development in this regard as you accumulate your portfolio.
#BNB #BTC #NOT #Follow_Me_For_More
Binance has announced it's plan to delist and cease the trading of significant altcoins OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) set to take effect on June 17th, 2024. The move comes amidst Binance’s ongoing quality assurance processes to ensure that only the most reliable and secure assets are available on the platform. Several criteria for delisting included the activity level of the altcoin’s development team, trading volume, liquidity, network stability, security, adherence to due diligence, and community communication.
Culled from CoinPedia.
Please watch out for more development in this regard as you accumulate your portfolio.
#BNB #BTC #NOT #Follow_Me_For_More
Mexican Billionaire Ricardo Salinas Pliego Advises to Buy Bitcoin to Shield From Fiat Devaluation
Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of the Nigerian naira under a satoshi.
The top 1% is starting to realize the opportunities that bitcoin, as a financial asset, can bring as a hedge for fiat currency devaluation. Ricardo Salinas Pliego, a Mexican entrepreneur with a fortune worth over $14 billion and owner of Salinas Group, has recommended its followers on X to purchase bitcoin and take advantage of its constant appreciation in value.
Culled from Bitcoin.com
#BTC #BNB #NOT
Ricardo Salinas Pliego, one of the wealthiest billionaires in Mexico, has urged his followers to purchase Bitcoin as a hedge against the devaluation of fiat currencies. Salinas Pliego recommended purchasing bitcoin in response to a social media post reporting on the fall of the value of the Nigerian naira under a satoshi.
The top 1% is starting to realize the opportunities that bitcoin, as a financial asset, can bring as a hedge for fiat currency devaluation. Ricardo Salinas Pliego, a Mexican entrepreneur with a fortune worth over $14 billion and owner of Salinas Group, has recommended its followers on X to purchase bitcoin and take advantage of its constant appreciation in value.
Culled from Bitcoin.com
#BTC #BNB #NOT
2 cryptocurrencies To Reach The $100 billion Market Cap Soon
Notably, some assets are nearing the $100 billion market cap threshold and are poised for potential rallies.
Finbold has identified two cryptocurrencies likely to surpass that mark in the latter half of the year.
BNB Chain (BNB)
BNB, the native token of Binance, is on track to reach a $100 billion market cap, driven by strategic expansions and innovations within the Binance ecosystem.
Initially an ERC-20 token, BNB transitioned to Binance Chain to enhance its utility, facilitating fee payments and enabling participation in new blockchain projects via Binance Launchpad.
The upcoming closure of Beacon Chain will consolidate Binance’s networks, transferring all capabilities to Binance Smart Chain and potentially boosting BNB’s prominence.
With continuous market growth and further platform expansions, BNB is on track to surpass the $100 billion mark by the end of the year.
Solana (SOL)
Currently, the fifth-largest cryptocurrency with a market cap of $77 billion, Solana (SOL) is also poised to reach the $100 billion mark due to robust investor interest and confidence.
SOL has experienced a 63% increase year-to-date, and its strong correlation with Bitcoin suggests further potential for growth.
These two asset are something to watch closely in your quest for breakthroughs. But as usual, do your market research thoroughly.
#BNB #SOL #BTC
Notably, some assets are nearing the $100 billion market cap threshold and are poised for potential rallies.
Finbold has identified two cryptocurrencies likely to surpass that mark in the latter half of the year.
BNB Chain (BNB)
BNB, the native token of Binance, is on track to reach a $100 billion market cap, driven by strategic expansions and innovations within the Binance ecosystem.
Initially an ERC-20 token, BNB transitioned to Binance Chain to enhance its utility, facilitating fee payments and enabling participation in new blockchain projects via Binance Launchpad.
The upcoming closure of Beacon Chain will consolidate Binance’s networks, transferring all capabilities to Binance Smart Chain and potentially boosting BNB’s prominence.
With continuous market growth and further platform expansions, BNB is on track to surpass the $100 billion mark by the end of the year.
Solana (SOL)
Currently, the fifth-largest cryptocurrency with a market cap of $77 billion, Solana (SOL) is also poised to reach the $100 billion mark due to robust investor interest and confidence.
SOL has experienced a 63% increase year-to-date, and its strong correlation with Bitcoin suggests further potential for growth.
These two asset are something to watch closely in your quest for breakthroughs. But as usual, do your market research thoroughly.
#BNB #SOL #BTC