Why You Should Never Sell Crypto Coins For A Loss

According to Lolliey, It’s very popular amongst newbie investors to sell their coins because the price of an asset is dropping.
For example: an investor puts in $90,000 into a coin but just because the price of the asset is 50% down, there’s usually that thought to sell the coins to avoid losing all the investment money.
This is very common and honestly it’s hard to be accurate with knowing when to take it a loss or hold on for a reversal. These are some practices you should do when the price of asset keeps dumping

1. Buy the dip: that’s why OG investors recommend a certain percentage of your capital in stable coin so that in case a dip opportunity happens, an investor can take advantage of it by buying the asset at a much lower price and once the reversal happens more profits.

2) Hodl: the idea of holding your coins no matter how much the asset price is can be a good investment strategy because the investor isn’t in a rush to sell off the coins but waits for the demand of the coin to increase so that it’s once the price goes up, the gains will also go up.

3) Research: it’s not an easy task sometimes to determine the reason a coin price is dropping but by reading content about the coin, you may find out whether it’s be a there a negative news about the coin or the coin is getting delisted. It’s not in all cases an investor should hold on to the coins in those kind of case.

#Write2Earn #DYORAlways

WHAT YOU NEED TO KNOW ABOUT BITCOIN HALVING!

BITCOIN HALVING (HALVENING)

1. Bitcoin Halving plays a pivotal role in controlling the rate at which new Bitcoins are introduced into circulation, slowing down the production of new coins over time.

2. Bitcoin Halving occurs roughly every four years, it is a pre-coded event that happens in the Bitcoin protocol every 210,000 blocks.

3. The first miners of Bitcoin in 2009 received 50BTC as a reward for each block they successfully added to the Blockchain, the first Halving event took place in 2012, which reduced the block reward to 25BTC. The second Halving was in 2016 and it reduced the block reward to 12.5BTC, then the third Halving was 2020 which further decreased the reward to 6.25BTC

4. The next Bitcoin halving will reduce the block reward to 3.125BTC and is expected to occur in April 2024 (when the block height reaches 840,000).

5. This event ( Halving ) reduces miners rewards, impacting supply and demand dynamics, Halving actually controls the issuance of new Bitcoins and maintain its scarcity, thus ensuring a limited BTC supply.

6. After Bitcoin halving your Bitcoin holding remains unchanged. The price of Bitcoin and various aspects of crypto ecosystem is what is affected after bitcoin halving.

Why Bitcoin Halving is important
I. Supply and demand dynamics
2. Market volatility
3. Implications for miners
4. Technological and community development
5. Long-term investment implications.

This write up is sourced from Binance Academy, you could go there and read up.
#Write2Earn #BINANCEACADEMY.

Disclaimer: This content is information and educational driven, this is not a financial advice, Always seek advice from appropriate professional advisors and Do your own research(DYOR) before investing in any crypto project.

#DON'T MISS OUT ON PIXELS (PIXEL) FARMING !

Pixels(PIXEL) farming on binance launchpad has begun today.

What you need to do in other to participate is to have BNB or FDUSD staked on the launchpad so as to farm PIXEL, if you already have BNB and FDUSD staked you have nothing to worry about because PIXEL would be farmed for you automatically,

NB: The more the BNB and FDUSD staked the more yield you get.

For the BNB holders you could always stake your coin on BNB vault which has many opportunities such as automatically adding the the holder to any farming opportunity and also Annual yield interest( This is my opinion not a financial advice).
#Write2Earn #PIXEL

According to Binance News, Binance has announced the addition of the 46th project, Pixels (PIXEL), to its Binance Launchpool. Pixels, a social web3 game built on the Ronin Network, will have its webpage available within 24 hours before the Launchpool commences.
Starting from 2024-02-09 00:00 (UTC), users will be able to stake their BNB and FDUSD in different pools to farm PIXEL tokens over ten days.
Subsequently, Binance will list PIXEL at 2024-02-19 10:00 (UTC) and open trading for PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD, and PIXEL/TRY pairs. The Seed Tag will also be applied to PIXEL.
The Launchpool offers token rewards of 350,000,000 PIXEL (7% of the max token supply). There's an hourly hard cap of 116,666.66 PIXEL in the BNB pool and 29,166.66 PIXEL in the FDUSD pool. The Farming Period will be from 2024-02-09 00:00 (UTC) to 2024-02-18 23:59 (UTC).
Total daily rewards stand at 35,000,000 PIXEL, with BNB Pool Daily Rewards at 28,000,000 PIXEL, and FDUSD Pool Daily Rewards at 7,000,000 PIXEL.
#Write2Earn

The crypto space is full of endless possibilities. Although the market is not actually responding as predicted but definitely the market price of coins will respond with time. there's no magic in crypto space, just keep bagging , ensure to #DYOR🟢 before investing in any project.

#BullRunAdvice #BitcoinETFapproved #BitcoinETF💰💰💰

nice one!

cryptocurrency is actually the future of Digital currency, it would only take time for majority to know this. ensure to be bagging Good projects 🎁$XRP $BNB $DOGE #bnbburn