🚨 FTX Bankruptcy Plan Gets Green Light! 🚦

Great news for #FTX customers! The bankruptcy plan has been approved, with a staggering $16B in recovered assets. 🎉 This means full repayment for customers! 😎
The #crypto world is buzzing as this sets a precedent for transparency and recovery in the #blockchain space. 💰💸
$FTT #FTXRecovery

#Beware of Misleading Crypto Profit Screenshots!

It’s common to stumble across images on social media where individuals flaunt massive earnings from cryptocurrency investments, particularly from lesser-known, obscure coins. However, caution is key: these images might not be painting the full picture.
The Illusion of Screenshots It’s easy for anyone to manipulate an image or alter figures. A screenshot claiming astronomical returns isn’t always a reliable source of truth.
Understanding Market Liquidity Consider this scenario: someone claims to have amassed millions from a cryptocurrency that only has $2.5 million in market liquidity. Here’s where practicality plays a crucial role:
Challenges in Selling If numerous holders attempt to cash out simultaneously, the asset's price plummets due to the limited liquidity. Attempting to convert those digital millions into tangible cash could result in receiving significantly less than expected.
Market Depth and Real Value Imagine your holdings are valued at $900,000 on paper, but the entire market cap or liquidity for that coin is just $2.5 million. Trying to sell your stake all at once could crash the market, making it nearly impossible to realize your paper gains fully.
Healthy Skepticism is Vital If someone showcases substantial profits from a low-liquidity coin, double-check their claim. Turning virtual coins into actual cash under such conditions is often impractical.
Seeing the Full Picture The reality is that cashing out large sums from niche cryptocurrencies is not as straightforward as some might lead you to believe. If a deal looks too good to be true, it likely is.
Thus, always approach those alluring profit screenshots with a healthy dose of skepticism. Genuine profits in the realm of lesser-known crypto assets are typically more challenging to achieve than flashy visuals suggest. Conduct thorough research and critically evaluate the feasibility of liquidating such investments.
#EarnFreeCrypto2024 #earningways #BTCReboundsAfterFOMC #potGoldATH #CATIonBinance

After hitting $63k Down... $BTC again started Upward momentum .. $BTC is going to break strong resistance at $64k and then $64,500... keep your eye on it ..
Technical Analysis Report: $BTC /USDT:...
In the recent trading session, Bitcoin (BTC) displayed a promising uptrend as observed on the Binance chart. The price surged, marking a significant high at $63,968.27, closely approaching the critical resistance level around $64,004.20. With the 24-hour trading volume at a robust 21,842.17 BTC and the price fluctuation between a low of $63,249.68 and a high of $66,076.12, BTC shows bullish momentum. Traders should consider this uptrend as an opportunity to set strategic long positions, targeting the immediate resistance. Setting a stop loss slightly below the session's low at $63,213.75 can provide a safety net against any potential pullback. This setup offers a favorable risk-reward ratio, considering the strong upward push and the current market dynamics. Engage wisely, and keep an eye on volume changes for signs of sustained upward movement or potential reversal.
#BTCReboundsAfterFOMC #BTC☀ #CATIonBinance #BinanceLaunchpoolHMSTR #Bitcoin❗

$NEIRO despite the recent downfall, people do not seem to lose interest in this coin. I think it has a lot of potential and we can expect a jump very soon.
The most important thing for all traders is to set STOP LOSS. You must be willing to lose a certain percentage of your portfolio rather than looking all the time at the screen. I have found the trailing stop loss to be a good partner of mine. Specially when i sleep i set it at a percentage which I think I can bear and it has always closed my trades in profit. Maybe not at the peak but a little lower. Does not matter. Profit is profit.
It closed me in profit when NEIRO collapsed the other day. So instead of crying after we have lost our complete portfolio, we should focus on our trading strategies and most importantly we need to think before taking a step.