🛑 8 Common Mistakes That Can Turn $1000 into $1 in the Crypto Market 🛑
Losing almost all of your investment in the cryptocurrency market is a nightmare scenario. However, if you're unaware of the following mistakes, you might find yourself in such a situation:
1. Investing in highly volatile and unpredictable altcoins or meme coins without proper research.
2. Falling victim to scam projects or rug pulls, where developers abscond with investors' money.
3. Over-leveraging in margin trading, amplifying losses and potentially wiping out your investment.
4. Putting all your eggs in one basket, investing in a single project without diversification.
5. Buying at the peak of a market cycle, only to see the value plummet.
6. Ignoring market research and due diligence, leading to poor investment decisions.
7. Falling prey to pump and dump schemes, artificially inflating prices before a crash.
8. Holding onto a crashing coin, refusing to cut losses and watching your investment shrink.
Remember, these mistakes can be avoided by conducting thorough research, using risk management strategies, and diversifying your investments. Don't let your $1000 turn into $1 - stay informed and cautious in the crypto market!
Highlights: - September has been historically bearish for stocks and crypto. - Spot Bitcoin (BTC) and Ethereum (ETH) ETFs are seeing significant outflows. - Bank of Japan signals further rate hikes. - Weak U.S. manufacturing data fuels recession fears. - DOJ subpoenaed Nvidia in an antitrust investigation.
1. September Market Weakness September has historically been a tough month for crypto and stocks. Major indices like the Dow Jones, S&P 500, and Nasdaq recently experienced their worst drops since early August. The Crypto Fear & Greed Index reflects ongoing market negativity.
2. Outflows from Spot BTC and ETH ETFs Spot Bitcoin and Ethereum ETFs continue to experience outflows, with significant withdrawals from major funds like Fidelity Bitcoin ETF. This has weakened market sentiment and contributed to declining prices.
3. Bank of Japan’s Rate Hike Outlook Bank of Japan Governor Kazuo Ueda indicated possible rate hikes, affecting market sentiment globally. This has caused a ripple effect, pushing investors towards caution.
4. Weak ISM Manufacturing PMI Data The U.S. ISM Manufacturing PMI data missed expectations, increasing fears of an economic downturn. Market participants are now focused on upcoming job data to gauge the Federal Reserve's next steps on interest rates.
5. DOJ Investigation into Nvidia The U.S. Department of Justice intensified its antitrust investigation into Nvidia, which negatively impacted tech stocks and raised concerns about market stability.
These factors have collectively contributed to the recent crash in the crypto market, wiping out $160 billion in market value within a week.
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1. Ripple co-founder backs Kamala Harris for president: Chris Larsen, Ripple’s co-founder and executive chairman, joined 87 corporate leaders endorsing Kamala Harris for the 2024 U.S. presidential election. The letter, signed by other big names like Box CEO Aaron Levie and Yelp’s Jeremy Stoppelman, highlights growing crypto interest in politics. We all know which Banks are highly interested in Ripple and how this doesn't help decentralization so that's one negative update.
2. Telegram’s Pavel Durov breaks silence after arrest: Pavel Durov, the founder of Telegram, made his first public statement after being arrested in France on August 24. The tech billionaire, surprised by his detention, emphasized that French authorities could have easily reached him through legal representatives or the French Consulate in Dubai. Durov reiterated his commitment to free speech, hinting that Telegram may leave jurisdictions that clash with its values.
3. Kamala Harris campaign accepts crypto donations via Super PAC: Kamala Harris’ presidential campaign has opened the door to crypto donations, confirmed through the Future Forward Super PAC. Although initially misunderstood, Coinbase CFO Alesia Haas clarified that the PAC, not the Harris campaign itself, uses Coinbase Commerce to accept contributions. Future Forward raised over $163 million, previously spending $150 million to support Biden in 2020. Crypto-focused PACs are ramping up their influence, with Coinbase also being a top donor to the Fairshake PAC.
From Ripple’s political plays to Telegram’s legal drama, today’s crypto news shows just how deeply blockchain and digital assets are embedding into global POLITICS.
Maybe that's one of the reasons why Bitcoin is down that much? Politics and values of "freedom" and "decentralization" don't really get along.
What do you think?
Stay updated with @Professor Mende - Bonuz Ecosystem Founder !
From $2,000 to Over $1 Million: How Cryptocurrency Helped Me Buy My Dream Home 🏡💰
Two years ago, I took a chance and invested $2,000 in cryptocurrency. Fast forward to today, that modest investment has skyrocketed to over $1 million! Thanks to the incredible growth of the crypto market, I’ve just purchased my dream home – a goal I once thought was years away 🌟. 👇👇👇 $BTC The Beginning: A Leap of Faith 🚀 It all started when I decided to enter the world of cryptocurrency investing. At the time, I knew crypto was volatile, but I saw stories of people who had turned small investments into massive fortunes. After doing some research and following market trends, I carefully selected a few cryptocurrencies that I believed had potential 📊. The Keys to Success 🔑 1. Research: I didn't just throw money into random coins. I spent hours learning about different projects, understanding their technology and use cases, and identifying long-term potential. This led me to invest in a mix of established coins like Bitcoin and Ethereum, alongside promising altcoins 🌐. 2. Patience: Cryptocurrencies can be wildly volatile, with prices swinging up and down in a matter of days, if not hours. Instead of panicking during the dips, I held onto my investments, trusting that the market would recover 📉➡️📈. 3. Diversification: I spread my $2,000 across a handful of different coins, which minimized risk while maximizing my chances of hitting a winner. As it turned out, one of my altcoin picks skyrocketed, driving my portfolio’s value through the roof 🚀. 👇👇👇 $BTC The Crypto Boom 💥 Over the next two years, the crypto market experienced explosive growth. My investment steadily climbed, and during the 2023 bull run, it went parabolic. With prices reaching all-time highs, my portfolio grew exponentially, hitting $1 million – an incredible milestone! 🎉 Turning Profits into Reality: Buying My Dream Home 🏡 When I saw my crypto investment hit seven figures, I knew it was time to take some profits and turn my gains into something tangible. I had always dreamed of owning my own home, and thanks to my crypto success, that dream became a reality. I cashed out a portion of my portfolio, enough to make a substantial down payment on a beautiful home in a location I love. It still feels surreal to know that what started as a small $2,000 investment helped me achieve such a life-changing milestone 🙌. Lessons Learned Along the Way 📚 1. Timing is Key: While I was lucky to invest during a bull run, I learned that timing is everything in crypto. It's important to know when to take profits, and more importantly, when to stay calm during downturns. 2. Stay Informed: Crypto markets move fast, so staying informed about trends, regulations, and project updates was crucial to my success. Continuous learning made me a smarter investor 📈. 3. Don’t Get Greedy: It’s tempting to hold forever, hoping prices will keep rising. But I learned the importance of securing profits when goals are met, which is why I cashed out a portion to fulfill my dream 🏡. What’s Next? 🔮 Even though I’ve cashed out enough to buy my home, I still have a portion of my crypto investments growing in the market. I believe in the long-term potential of cryptocurrency, and I’m excited to see where it goes next. For now, though, I’m just thrilled to be living in the home of my dreams, all thanks to a bold investment and a bit of patience! 🌟 👇👇👇 $BTC
Blockstream Launches BMN2 Series 3: A New Bitcoin Mining Investment for Non-U.S. Investors
On September 5, 2024, Blockstream unveiled Series 3 of its Blockstream Mining Note 2 (BMN2), providing non-U.S. investors with a new opportunity to tap into Bitcoin mining. This EU-compliant security token offers exposure to the hash rate of Blockstream’s North American mining facilities. Each BMN2 token grants access to 1 petahash per second (PH/s) of Bitcoin mining power, allowing holders to receive a share of the Bitcoin mined by the company.
Building on the success of the BMN1 series, which delivered a 32% Bitcoin return over three years, BMN2 is positioned as a strategic investment, especially with the upcoming Bitcoin halving. In addition to offering a lower hash price compared to other mining contracts, BMN2 sources 80% of its mining power from carbon-neutral energy, making it an attractive option for environmentally conscious investors looking to benefit from Bitcoin mining.
At the New York Economic Club, former US President Donald Trump gave a speech regarding cryptocurrencies and $BTC . To a standing ovation, he made the unexpected pledge to establish America as the center of the global cryptocurrency and $BTC scene. Trump pledged to cut back on restrictions and replace outdated ones with fresh ones that encourage creativity. He stressed accepting rather than resisting the future. The enthusiasm among attendance was fuelled by Trump's pro-crypto position. His administration intends to foster an atmosphere that will be conducive to the growth of $BTC and other cryptocurrencies. The cryptocurrency market may be significantly impacted by this decision.
Today's big losers on the market include $BONK , $KEY , and $BSW , all showing significant negative movement in the last 24 hours. BONK, currently trading at $0.00001584, has dropped by 4.92%, KEY at $0.004677 experienced a 6.98% decline, and BSW saw the steepest fall with a loss of 10.38%, now at $0.0786.
For traders keeping an eye on these coins, the sharp decline might signal potential buy opportunities if they rebound. However, caution is advised as these assets are facing downward pressure.
@dappOS_com is an innovative platform designed to simplify the interaction between decentralized applications (dApps) and users, especially for those unfamiliar with blockchain technology. It offers a user-friendly operating protocol that allows seamless access to various dApps across multiple blockchains without needing users to understand the complexities of wallets, private keys, or token swaps. This abstraction of the technical barriers enables smoother adoption of decentralized services, promoting a more accessible and inclusive environment for newcomers and non-technical users.
For its users, dappOS provides several significant advantages. First, it enhances user experience by offering a simplified interface that feels similar to traditional apps, making onboarding into Web3 much easier. Additionally, it enables multi-chain interoperability, allowing users to access dApps on various blockchains from a single platform. This flexibility saves time and effort by removing the need for multiple wallets or tokens.
The platform also focuses on security and transparency, which is essential in the decentralized space. Looking ahead, dappOS has the potential to play a pivotal role in mainstream blockchain adoption, acting as a bridge between Web2 and Web3, and could significantly influence how users interact with decentralized services in the future.
**🔍 Detailed Analysis:** RDNT/USDT has made a significant move, breaking out of a sustained downtrend. After touching a low near $0.06491, the price has surged past the descending trendline, signaling a potential trend reversal. The breach of the resistance zone is particularly noteworthy, as it confirms bullish momentum and opens up the possibility for further upside.
**📈 Key Technical Insights:** - **Resistance Zone:** The price has convincingly broken through the resistance zone, which had previously capped upside moves. This zone now acts as a new support, increasing the likelihood of continued bullish action. - **Trend Reversal Signal:** The breakout from the descending trendline, combined with the price action, is a classic signal of a possible trend reversal. Traders should watch for a potential retest of this trendline or the resistance zone to confirm the new support level. - **Volume Analysis:** The increasing volume adds strength to the breakout, indicating that buyers are stepping in with conviction. This is a positive sign for the bulls, suggesting that the move may be sustained.
**🚀 Strategic Considerations:** - **Entry Point:** If you haven’t entered the trade yet, consider looking for a pullback to the new support level around the former resistance zone before entering. - **Target Levels:** If the bullish momentum continues, we could see RDNT/USDT targeting higher levels. Keep an eye on round numbers such as $0.10 and $0.15 as psychological resistance points. - **Stop Loss:** For those in the trade, ensure your stop loss is updated to reflect the new market dynamics, ideally just below the new support level.
**⚠️ Risk Management Reminder:** With the breakout, volatility may increase. Make sure to adjust your position size according to your risk tolerance and maintain disciplined stop-loss orders. Trading with a plan is crucial to capital preservation.
**🕵️♂️ Monitoring:** Keep a close watch on the price action around the new support and upcoming resistance levels. Stay ready to adapt your strategy as the market evolves.
**Stay tuned for real-time updates, and let’s trade smart together!**
Cardano Activates Chang Upgrade, Shifts Towards Decentralized Governance
According to CoinDesk, Cardano, the layer-1 blockchain launched in 2017 by Ethereum co-founder Charles Hoskinson, has activated its highly anticipated “Chang” upgrade. This marks a significant shift towards decentralized governance for the ecosystem.
With the Chang upgrade now live, ADA token holders can shape Cardano's future by electing governance representatives and voting on development proposals. CIP-1694, an official
$BTC Still in consolidation phase from last 3 days. It stuck between 57k-59k.. Really, market is too slow from last 3 days. Once $BTC break Resistance or Support... It will rapidly ... Stay here and take trade at right time.
Current Price: $58,310.17
Resistance: $58,583.33 Support: $57,777.00
Long Trade: Enter above $58,583.33 with targets at $59,016.00, $59,244.04, and $59,500.00. Stop loss at $58,310.17.
Short Trade: Enter below $57,777.00 with targets at $57,718.00, $57,500.00, and $57,300.00. Stop loss at $58,310.17.
IOUSDT Faces Strong Bearish Pressure Testing Critical Support $IO
The pair on Binance's 1 hour chart is showing signs of bearish momentum after a significant drop from its recent highs The price is currently trading below the 200 period moving average (MA) which is positioned at $2 031 indicating a bearish trend The Volume Weighted Average Price (VWAP) is currently at $1 857 suggesting that the price is below the average traded price further emphasizing the bearish sentiment
The Relative Strength Index (RSI) is at 31 nearing the oversold territory which could indicate a potential bounce but also shows that bearish momentum is still strong The Moving Average Convergence Divergence (MACD) histogram is below the zero line with the MACD line below the signal line, signaling continued bearish momentum
On the 1hour published chart the price is seen hovering around a support zone between $1 60 and $1 70 This zone has been tested multiple times indicating its significance A sustained break below this support could lead to further declines potentially targeting the $1 50 level or lower Conversely if the support holds there might be a chance for a shortterm bounce back toward the $2 00 resistance level However the overall trend remains weak and any bullish movement might face significant resistance
Disclaimer The information provided in this analysis is for educational purposes only and should not be considered financial advice Cryptocurrency investments are volatile and carry a high risk Always perform your own research before making any investment decisions
⚠️ BREAKING UPDATE REGARDING $GALA $INJ $IO 👉VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR 5 USD🙏 GALA (Gala) Analysis: The major support level for GALA is at $0.020, which has been a crucial point for buyers. On the resistance side, $0.022 is the key level to watch. If GALA can break above this resistance, it could see further gains. However, a drop below $0.020 might lead to a pullback towards $0.019.
INJ (Injective) Analysis: The major support level for INJ is at $20.00, which has held strong during recent market corrections. The key resistance level to monitor is $22.00. Breaking above this resistance could lead to further upward movement. Conversely, if INJ falls below $20.00, it might see a decline towards $19.50.
IO (io.net) Analysis: The major support level for IO is at $2.20, which has been a critical point for buyers. On the resistance side, $2.40 is the key level to watch. If IO can break above this resistance, it could see additional gains. However, a drop below $2.20 might lead to a pullback towards $2.10.
🚨 Уоррен Баффет продает акции Bank of America на сумму $981 млн! Что он сделает дальше? Уоррен Баффет сидит на огромной куче наличных в размере $278 млрд и распродает акции беспрецедентными темпами. Вот что это может означать: 💵 Продано на $981 млн: Баффет только что распродал еще $981 млн акций Bank of America. 📉 Ликвидация акций: он также продает акции Apple, что свидетельствует о потенциальной осторожности. 🛑 Подготовка к краху рынка: имея на руках столько наличных, Баффет может готовиться к серьезному спаду рынка. Ознакомьтесь с этим постом: Как вы думаете, каким будет следующий большой шаг Баффета? Поделитесь своими мыслями ниже! $BTC $SOL $BNB #Bitcoin #binance #BTC #Ethereum #LEDGER 👇👇👇
List of the 20 Best Cryptos to Buy Now Before Next Bull Run :
EarthMeta (EMT) – Metaverse and AI platform for virtual real estate and digital economy.
Ethereum (ETH) – Decentralized platform for smart contracts and dApps.
BNB (BNB) – Native token for Binance, supporting the Binance Smart Chain. Solana (SOL) – High-speed blockchain for scalable dApps and DeFi.
VeChain (VET) – Blockchain for improving supply chain management and business processes.
XRP (XRP) – Fast, low-cost international payments.
Toncoin (TON) – Scalable network from the Telegram project for diverse applications. Dogecoin (DOGE) – Meme coin with low fees and fast transactions.
Cardano (ADA) – Peer-reviewed blockchain for sustainable and scalable applications. TRON (TRX) – Decentralized content sharing and entertainment platform.
Binance Queen 👸 Yi He is a Chinese entrepreneur and investor best known for founding Binance, the world's largest cryptocurrency exchange, with Changpeng Zhao. She serves as the Chief Marketing Officer leading business, marketing, and branding strategy at Binance and is also the head of Binance Labs.
She was previously a co-founder of the cryptocurrency exchange OKX and also served as Vice president for the leading mobile video tech company, Yixia Technology. Early Life & Education
Yi He was born in 1986 in China. She grew up in a rural area in Sichuan province in western China, where her parents worked as teachers. In one of her interviews, she mentioned
“I'm from a very small village and a very poor family” Career
Yi He's first job was promoting a new soft drink by giving out free samples in front of a supermarket.
"It was a hard job and all the talking and hawking led to a hoarse voice” Yi He's career in the entrainment industry began in 2012 when she joined a Chinese Television Channel and worked as a TV Show host for a travel show. She left the media industry in July 2014 and joined a startup
Yi He learned about Bitcoin in 2013 while working for the start-up. In 2014, She started working in the cryptocurrency space and was one of the co-founders of OKCoin. She led OKCoin’s branding and marketing strategy. OKCoin was the largest Chinese cryptocurrency-to-fiat exchange as of 2015. Yi He handled user operations management, online marketing management, social media management, PR management, and branding management and helped OKCoin to obtain 60% of the Chinese market share.
In December 2015, Yi He joined the leading mobile video-sharing tech company, Yixia Technology. She served as Vice president and handled the product management and marketing operations for the company and its subsidiaries. She created the live-broadcasting platform “Yi Zhi Bo" which was later acquired by a social network company, Weibo. At that time, she said in a blog post:
Liquid Staking Revolution: Binance Prepares to Launch $BNSOL on Solana Binance plans to launch $BNSOL on Solana, highlighting the growing importance of liquid staking in the DeFi economy.
$BNSOL will allow users to stake SOL without losing liquidity of their tokens. The initiative could increase the total value locked (TVL) on Solana and attract more users to its DeFi ecosystem. Binance has revealed its intention to launch a new token, $BNSOL, on the Solana blockchain. This initiative underscores the growing importance of liquid staking within the crypto industry and its penetration into various ecosystems, offering an innovative solution for SOL token holders.
$BNSOL is designed to function as a liquid staking derivative, allowing Solana users to stake their SOL tokens while maintaining liquidity. Traditionally, staking SOL involves locking them up for a specific period, which limits their use in other activities within the DeFi market. With $BNSOL, Binance users will be able to continue earning staking rewards from the Solana network while maintaining the flexibility to trade or invest their tokens elsewhere. This dual advantage has the potential to attract a considerable number of SOL holders interested in maximizing their earnings without sacrificing the liquidity of their assets.
Binance’s decision to launch $BNSOL is a well-founded strategy. Solana has gained recognition for its ability to facilitate fast and low-cost transactions, making it an ideal platform for deploying DeFi solutions like liquid staking tokens.
The integration of $BNSOL could also strengthen Solana’s staking ecosystem, potentially increasing the total value locked (TVL) on the network. As more users opt for liquid staking, the demand
Although Binance has not yet provided all the details about the functionality and features of $BNSOL, the announcement has generated a significant wave of expectations. The introduction of this token could offer new investment opportunities for #SolanaUSTD #bnsol #BTC☀ #BinanceSquareFamily #BinanceBlockchainWeek Like and share @CRYPTO_KITE
Binance Queen 👸 Yi He is a Chinese entrepreneur and investor best known for founding Binance, the world's largest cryptocurrency exchange, with Changpeng Zhao. She serves as the Chief Marketing Officer leading business, marketing, and branding strategy at Binance and is also the head of Binance Labs.
She was previously a co-founder of the cryptocurrency exchange OKX and also served as Vice president for the leading mobile video tech company, Yixia Technology. Early Life & Education
Yi He was born in 1986 in China. She grew up in a rural area in Sichuan province in western China, where her parents worked as teachers. In one of her interviews, she mentioned
“I'm from a very small village and a very poor family” Career
Yi He's first job was promoting a new soft drink by giving out free samples in front of a supermarket.
"It was a hard job and all the talking and hawking led to a hoarse voice” Yi He's career in the entrainment industry began in 2012 when she joined a Chinese Television Channel and worked as a TV Show host for a travel show. She left the media industry in July 2014 and joined a startup
Yi He learned about Bitcoin in 2013 while working for the start-up. In 2014, She started working in the cryptocurrency space and was one of the co-founders of OKCoin. She led OKCoin’s branding and marketing strategy. OKCoin was the largest Chinese cryptocurrency-to-fiat exchange as of 2015. Yi He handled user operations management, online marketing management, social media management, PR management, and branding management and helped OKCoin to obtain 60% of the Chinese market share.
In December 2015, Yi He joined the leading mobile video-sharing tech company, Yixia Technology. She served as Vice president and handled the product management and marketing operations for the company and its subsidiaries. She created the live-broadcasting platform “Yi Zhi Bo" which was later acquired by a social network company, Weibo. At that time, she said in a blog post:
The cryptocurrency market has taken a sharp downturn, with several popular coins experiencing significant drops. Bitcoin ($BTC ), the market leader, has plunged to $58,651.10, reflecting a loss of nearly 4% in the last 24 hours. This drop follows a period of relatively stable trading, but the market has filled the gaps left by previous movements, indicating a potential consolidation phase. However, BTC's strong support at $57,000 suggests that this might be a temporary correction before a possible rebound.
Other major cryptocurrencies have also faced considerable declines. Ethereum (ETH) has fallen by 4.41%, currently trading at $2,460.36, while Binance Coin (BNB) is down by 2.27%, priced at $530.20. Even meme coins like DOGS and $FLOKI have not been spared, with losses of over 13% and 19%, respectively. Solana (SOL) and PEPE are also among the hardest hit, with SOL dropping by 7.40% to $134.93 and $PEPE declining by 5.73% to $0.00000757. The broad sell-off indicates that the market is in a risk-off mode, with traders likely moving to the sidelines or reallocating their portfolios to safer assets.
As the market seeks to find its footing, the coming days will be crucial. If Bitcoin holds its support at $57,000, it could serve as a foundation for a broader market recovery. However, if this level fails, we might see further declines across the board. Investors should keep a close eye on key support and resistance levels to navigate this volatile period effectively.
Nvidia Reports Strong Q2 Earnings, Boosts AI Sector Confidence
According to Cointelegraph, Nvidia’s Q2 earnings call revealed impressive financial results, with CFO Colette Kress announcing earnings of $30 billion, surpassing previous estimates by $2 billion. This positive outcome is expected to bolster the artificial intelligence sector as markets reopen on Thursday, August 29.Nvidia’s earnings call, held on Wednesday, August 28, has been highly anticipated by investors and analysts, likened to a “Groundhog’s Day” for the AI industry. The announcement of a second-quarter revenue of $30 billion, exceeding estimates by about seven percent, continues the company’s streak of record-breaking quarters. This news has generated a wave of positive responses across social media platforms.Investor confidence was further strengthened by Nvidia’s projections for the third quarter, with expected revenues of $32.4 billion. CFO Kress mentioned that the next earnings call is scheduled for November 20. The growth was attributed to GPU sales, excitement over the upcoming Blackwell chips, and positive performance in data services both domestically and internationally, particularly in the China market.Regarding the Blackwell platform, Kress stated that the company is on track to release the new hardware and software suite to meet strong demand. Production is set to begin in the fourth quarter and continue into 2026, with revenues expected to rise. Demand is currently well above supply, and this trend is anticipated to persist into the next year.The AI industry, along with Wall Street, had been eagerly awaiting these results. The positive earnings report should alleviate concerns over the sector’s direction. Nvidia’s strong performance across nearly all verticals indicates robust demand.While the broader impact on the AI sector remains to be seen, many analysts view Nvidia’s earnings call as a crucial indicator of the industry’s trajectory. By surpassing earnings expectations, Nvidia has reaffirmed its position as a leader in the AI sector.
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