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If you want to be successful pls read thisWhen people start trading, they often get lucky at first—beginner’s luck. Winning those early trades can make us overconfident, thinking trading is simple. But soon, we face losses and start chasing wins again, and this cycle can lead to major losses, frustration, or even despair. The truth is, crypto trading isn’t gambling, but many treat it like it is, setting themselves up for failure. If you’re new to crypto, here’s my advice: don’t get overconfident, don’t overtrade, and don’t gamble. Educate yourself continuously, even if you’re winning most trades. Have a strategy and stick to it, but also keep learning. Ask yourself: What are the strengths of my strategy? What mistakes can I fix? What can I learn from others? Know the crypto market, and treat trading like a business if you want to succeed. Think of it like this: in what other business can you double your money in minutes? When you make a small profit, take it. For example, if you invested $10 with 10x leverage and made a $5 profit, be content with that. Avoid FOMO—it’s dangerous. Set clear rules and respect them. For instance, if you’ve placed a stop-loss, don’t adjust it out of hope. Stick to your rules, or you’ll undermine your entire approach. Even if you’re winning nine out of ten trades, ignoring your stop-loss could mean that one losing trade wipes out all your previous gains. I see this happen a lot, and then people say, “I’m lost, I don’t know what to do, I’ve lost everything and will kill myself and stuff...” This mindset has to change. Treat crypto as a business. That’s the only way to succeed, grow, and improve in trading. Respect your rules, keep your emotions in check, and always focus on learning and refining your strategy. @catler #WillBTCBreak100KSoon #cryptomarketcapATH #HaveYouBinanced #Loss

If you want to be successful pls read this

When people start trading, they often get lucky at first—beginner’s luck. Winning those early trades can make us overconfident, thinking trading is simple. But soon, we face losses and start chasing wins again, and this cycle can lead to major losses, frustration, or even despair. The truth is, crypto trading isn’t gambling, but many treat it like it is, setting themselves up for failure.

If you’re new to crypto, here’s my advice: don’t get overconfident, don’t overtrade, and don’t gamble. Educate yourself continuously, even if you’re winning most trades. Have a strategy and stick to it, but also keep learning. Ask yourself: What are the strengths of my strategy? What mistakes can I fix? What can I learn from others? Know the crypto market, and treat trading like a business if you want to succeed.

Think of it like this: in what other business can you double your money in minutes? When you make a small profit, take it. For example, if you invested $10 with 10x leverage and made a $5 profit, be content with that. Avoid FOMO—it’s dangerous. Set clear rules and respect them.
For instance, if you’ve placed a stop-loss, don’t adjust it out of hope. Stick to your rules, or you’ll undermine your entire approach. Even if you’re winning nine out of ten trades, ignoring your stop-loss could mean that one losing trade wipes out all your previous gains. I see this happen a lot, and then people say, “I’m lost, I don’t know what to do, I’ve lost everything and will kill myself and stuff...”
This mindset has to change. Treat crypto as a business. That’s the only way to succeed, grow, and improve in trading. Respect your rules, keep your emotions in check, and always focus on learning and refining your strategy.
@Catler
#WillBTCBreak100KSoon #cryptomarketcapATH #HaveYouBinanced #Loss
Dayan2009:
Thanks for taking that into account.
Whale's $AAVE Transaction Overview: A $5M LossWhale's $AAVE Transaction Overview: A $5M Loss 🐋 Whale's Activity - Deposited 264K $AAVE ($22.56M) to #Binance at $85.48 within the last 2 days. - Withdrew 364K $AAVE ($35.97M) from #Binance during the period between Nov 6 and Nov 9. 💰 Current Holding - The whale currently possesses 100K $AAVE ($8.45M). 📉 Total Loss - The whale incurred a substantial loss, totaling nearly $5M. 📅 Timeline of Transactions - Recent deposit and withdrawal activities indicate dynamic movements within a short timeframe. 🤔 Implications - The whale's actions prompt speculation about the factors influencing such significant transactions. - Market watchers may analyze the potential impact on $AAVE's value and overall market sentiment. 📊 Market Dynamics - The whale's activity adds a layer of complexity to understanding the ongoing dynamics of the $AAVE market. - Traders and investors may closely monitor subsequent developments for insights into market trends. 💡 Considerations - The whale's decisions could be influenced by various factors, including market conditions, project developments, or personal strategies. - The $5M loss raises questions about risk management strategies in volatile crypto markets. 🔄 Dynamic Crypto Landscape - This incident underscores the ever-evolving nature of the cryptocurrency landscape, where large transactions can shape market perceptions. 📈 Market Response - Observers await the market's response to the whale's actions, anticipating potential ripples in $AAVE's value. 🔍 Monitoring Trends - Traders and analysts are likely to keep a close eye on subsequent movements, aiming to decipher broader trends in the crypto space. Conclusion: The whale's recent $AAVE transactions, involving substantial deposits, withdrawals, and an overall loss of $5M, have become a focal point in the crypto community. This occurrence invites speculation and analysis, highlighting the intricate nature of cryptocurrency markets. #aave/usdt #AAVE #Write2Earn #BTC #Loss Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!😇😇

Whale's $AAVE Transaction Overview: A $5M Loss

Whale's $AAVE Transaction Overview: A $5M Loss
🐋 Whale's Activity
- Deposited 264K $AAVE ($22.56M) to #Binance at $85.48 within the last 2 days.
- Withdrew 364K $AAVE ($35.97M) from #Binance during the period between Nov 6 and Nov 9.
💰 Current Holding
- The whale currently possesses 100K $AAVE ($8.45M).
📉 Total Loss
- The whale incurred a substantial loss, totaling nearly $5M.
📅 Timeline of Transactions
- Recent deposit and withdrawal activities indicate dynamic movements within a short timeframe.
🤔 Implications
- The whale's actions prompt speculation about the factors influencing such significant transactions.
- Market watchers may analyze the potential impact on $AAVE 's value and overall market sentiment.
📊 Market Dynamics
- The whale's activity adds a layer of complexity to understanding the ongoing dynamics of the $AAVE market.
- Traders and investors may closely monitor subsequent developments for insights into market trends.
💡 Considerations
- The whale's decisions could be influenced by various factors, including market conditions, project developments, or personal strategies.
- The $5M loss raises questions about risk management strategies in volatile crypto markets.

🔄 Dynamic Crypto Landscape
- This incident underscores the ever-evolving nature of the cryptocurrency landscape, where large transactions can shape market perceptions.
📈 Market Response
- Observers await the market's response to the whale's actions, anticipating potential ripples in $AAVE 's value.
🔍 Monitoring Trends
- Traders and analysts are likely to keep a close eye on subsequent movements, aiming to decipher broader trends in the crypto space.

Conclusion:
The whale's recent $AAVE transactions, involving substantial deposits, withdrawals, and an overall loss of $5M, have become a focal point in the crypto community. This occurrence invites speculation and analysis, highlighting the intricate nature of cryptocurrency markets.
#aave/usdt #AAVE #Write2Earn #BTC #Loss
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!😇😇
#Trading is not about only #Profit #Loss it involves whole lot of emotions, hard work and patience, it is roller coaster ride and every day of trader's life is difficult.
#Trading is not about only #Profit #Loss it involves whole lot of emotions, hard work and patience, it is roller coaster ride and every day of trader's life is difficult.
LIVE
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Bearish
Realized profits have sharply declined since the $73k ATH, while loss-taking events are rising as the market downtrend continues. Though not at 2021-2022 extremes, growing losses suggest increasing fear among investors. #profit #Loss #FearIndex #DownTrend #TrendingTopic
Realized profits have sharply declined since the $73k ATH, while loss-taking events are rising as the market downtrend continues.
Though not at 2021-2022 extremes, growing losses suggest increasing fear among investors.

#profit #Loss #FearIndex #DownTrend #TrendingTopic
LIVE
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Bearish
Holding the position sins last 13 days and hoping that market will bounce back somehow but now... It's too much and I don't want more loss.. #solona #Loss
Holding the position sins last 13 days and hoping that market will bounce back somehow but now... It's too much and I don't want more loss..
#solona #Loss
#WHALES MANIPULATION AT 🔥🚀🚀Eaten our SL #Stop #Loss hits 🥺 first time in my biance square
#WHALES MANIPULATION AT 🔥🚀🚀Eaten our SL

#Stop #Loss hits 🥺
first time in my biance square
LIVE
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Bullish
🚀 Unlocking Your Cryptocurrency Potential: A Path to Financial Freedom 🚀 Did you know that a staggering 85% of market participants find themselves back where they started? It’s a harsh reality, but only 12% see significant profits, and just 2% reach that life-altering financial success. Why does this happen? Too many treat their crypto gains like a windfall, splurging on luxury items to impress others. The result? They end up right back at square one. Don’t let this be your story! 💡 Here’s the golden rule: Handle your gains with care. It’s great to indulge in the fruits of your labor now and then, but the real secret to lasting success lies in strategic planning. 1. Celebrate your wins 🎉 – Treat yourself occasionally. 2. Build a solid foundation 🏗️ – Invest the majority of your profits to secure your future wealth. Years of diligence in the cryptocurrency markets can lead to true financial independence, free from the limitations of traditional finance. Make your crypto journey count! Prioritize sustainable growth and unlock your path to lasting financial freedom. #GainerCoin #BTCReboundsAfterFOMC #EarnFreeCrypto2024 #EarningWays #Loss $BTC {spot}(BTCUSDT)
🚀 Unlocking Your Cryptocurrency Potential: A Path to Financial Freedom 🚀

Did you know that a staggering 85% of market participants find themselves back where they started? It’s a harsh reality, but only 12% see significant profits, and just 2% reach that life-altering financial success.

Why does this happen? Too many treat their crypto gains like a windfall, splurging on luxury items to impress others. The result? They end up right back at square one. Don’t let this be your story!

💡 Here’s the golden rule: Handle your gains with care.

It’s great to indulge in the fruits of your labor now and then, but the real secret to lasting success lies in strategic planning.

1. Celebrate your wins 🎉 – Treat yourself occasionally.

2. Build a solid foundation 🏗️ – Invest the majority of your profits to secure your future wealth.

Years of diligence in the cryptocurrency markets can lead to true financial independence, free from the limitations of traditional finance.

Make your crypto journey count! Prioritize sustainable growth and unlock your path to lasting financial freedom.

#GainerCoin #BTCReboundsAfterFOMC #EarnFreeCrypto2024 #EarningWays #Loss

$BTC
#Loss #crypto #EVERYTHING I've worked Hard For Months Thinking Crypto would be the Game changer for me Lost 280$ in Feb but i didn't Let my hardwork down then started recovering ❤️‍🩹 and recoverd 22$ and today that's gone aswell thanks and bye Fake crypto world 🌎🙂
#Loss #crypto #EVERYTHING
I've worked Hard For Months Thinking Crypto would be the Game changer for me Lost 280$ in Feb but i didn't Let my hardwork down then started recovering ❤️‍🩹 and recoverd 22$ and today that's gone aswell thanks and bye Fake crypto world 🌎🙂
CRITICAL WARNING 🚨 ⚠️ NEVER INVEST YOUR ENTIRE SALARY IN CRYPTO ⚠️ Just recently, a close friend of mine, after noticing my consistent profits, said, “I’m thinking about putting all my earnings into crypto!” While it may sound tempting, this is one of the fastest ways to deplete your savings and leave yourself financially vulnerable. Making such a decision without proper risk management is a dangerous path, and could lead to severe financial setbacks. It's smart to allocate a portion of your income towards crypto and other investments, but never place all, or even a majority, of your earnings into such a volatile market. Yes, cryptocurrencies have immense potential for profit, but they also carry high levels of risk. Markets can swing dramatically, and putting too much of your financial resources into crypto can lead to emotional, panic-driven decisions—often resulting in poor outcomes. The key is balance, ensuring that you maintain enough liquidity to handle any unexpected downturns. During the last bull run, I witnessed many people over-invest in crypto, only to watch them lose the equivalent of 4 to 10 months of salary. Their mistakes? Buying during hype-driven peaks and selling during panic-driven dips. By maintaining a balanced approach and not over-committing, you can avoid the emotional rollercoaster that often leads to poor financial decisions. Remember, the goal is long-term sustainability, not quick, unsustainable gains. #Loss #LoserAndGainer #TradingMadeEasy #Successfull #BTCReboundsAfterFOMC
CRITICAL WARNING 🚨 ⚠️ NEVER INVEST YOUR ENTIRE SALARY IN CRYPTO ⚠️

Just recently, a close friend of mine, after noticing my consistent profits, said, “I’m thinking about putting all my earnings into crypto!” While it may sound tempting, this is one of the fastest ways to deplete your savings and leave yourself financially vulnerable. Making such a decision without proper risk management is a dangerous path, and could lead to severe financial setbacks.

It's smart to allocate a portion of your income towards crypto and other investments, but never place all, or even a majority, of your earnings into such a volatile market. Yes, cryptocurrencies have immense potential for profit, but they also carry high levels of risk.

Markets can swing dramatically, and putting too much of your financial resources into crypto can lead to emotional, panic-driven decisions—often resulting in poor outcomes. The key is balance, ensuring that you maintain enough liquidity to handle any unexpected downturns.

During the last bull run, I witnessed many people over-invest in crypto, only to watch them lose the equivalent of 4 to 10 months of salary. Their mistakes? Buying during hype-driven peaks and selling during panic-driven dips.

By maintaining a balanced approach and not over-committing, you can avoid the emotional rollercoaster that often leads to poor financial decisions. Remember, the goal is long-term sustainability, not quick, unsustainable gains.

#Loss #LoserAndGainer #TradingMadeEasy #Successfull #BTCReboundsAfterFOMC
$BTC $BNB $ETH Seems like crypto is for just e few people, rest of us are here only to feed the whales #Loss #Loss and loss I'm so sick of it. . .
$BTC $BNB $ETH
Seems like crypto is for just e few people, rest of us are here only to feed the whales

#Loss #Loss and loss I'm so sick of it. . .
THENA and DefiEdge liquidity manager! Why it is so good for users?#Thena introduced #DefiEdge liquidity manager. Let's deep inside to find out is it good for us. Liquidity and DEX Revenue Focus.DEX revenue is crucial for THENA's self-optimizing system, replacing LP trading fees with $THE emissions controlled by voters. LPs can stake for $THE emissions using #liquidity managers like Gamma Strategies.New Liquidity Manager for LPs.DefiEdge introduced as a new liquidity manager for selected core pools, including BNB, Filecoin, Tether, #Ethereum and #Bitcoin. DefiEdge Benefits.DefiEdge strategies aim to mitigate impermanent #Loss (IL) while maintaining profitability. Dynamic distribution of liquidity across different ranges based on market indicators like support and resistance.Active Strategies for Efficient Liquidity.DefiEdge actively seeks efficient liquidity allocation, executing timely swaps to avoid one-sided ranges. Extensive testing ensures flexibility in liquidity concentration, aiming to reduce IL impact.Summary of DefiEdge Strategies.DefiEdge strives for optimal liquidity balance, responding to market changes.Signifies a significant step in enhancing THENA's platform efficiency and profitability for users.This once again proves the effectiveness of the THENA work aimed at improving the product. Thanks for reading👍

THENA and DefiEdge liquidity manager! Why it is so good for users?

#Thena introduced #DefiEdge liquidity manager. Let's deep inside to find out is it good for us.

Liquidity and DEX Revenue Focus.DEX revenue is crucial for THENA's self-optimizing system, replacing LP trading fees with $THE emissions controlled by voters. LPs can stake for $THE emissions using #liquidity managers like Gamma Strategies.New Liquidity Manager for LPs.DefiEdge introduced as a new liquidity manager for selected core pools, including BNB, Filecoin, Tether, #Ethereum and #Bitcoin. DefiEdge Benefits.DefiEdge strategies aim to mitigate impermanent #Loss (IL) while maintaining profitability. Dynamic distribution of liquidity across different ranges based on market indicators like support and resistance.Active Strategies for Efficient Liquidity.DefiEdge actively seeks efficient liquidity allocation, executing timely swaps to avoid one-sided ranges. Extensive testing ensures flexibility in liquidity concentration, aiming to reduce IL impact.Summary of DefiEdge Strategies.DefiEdge strives for optimal liquidity balance, responding to market changes.Signifies a significant step in enhancing THENA's platform efficiency and profitability for users.This once again proves the effectiveness of the THENA work aimed at improving the product.
Thanks for reading👍
🚨 URGENT MESSAGE 🚨 It’s never easy to admit losses in trading or investing, but it’s one of the most crucial steps toward long-term success. Far too often, I see posts on Binance Square urging people to "Hold on! The price will recover! Just wait, and it’ll rise again!"—especially when talking about coins like $SHIB and $FLOKI. While some might not agree with me, the reality is simple: stop relying on those who suggest holding indefinitely. Many of these individuals are simply trying to comfort themselves because they jumped in too late and are now in a tough spot. These people invested during a frenzy, without considering the long-term impact, and now face losses. The mindset of "If I haven’t sold, I haven’t lost" is deeply flawed. If you realize one of your investments is heading in the wrong direction and likely to continue doing so, it’s not wise to hold onto it just because you’re in the red. The crypto market is full of new opportunities, and holding onto failing assets will only limit your potential gains elsewhere. Imagine you own a property giving you a 10% return annually, and suddenly you’re offered another one promising 30%. Would you pass on the better deal just because the first property hasn’t performed well yet? That would be a mistake, causing you to miss out on higher profits. Accept your missteps, learn from them, and focus on new opportunities. It’s part of the growth process. This is my personal view. If this resonates with you, feel free to like, comment, or share this post. Your support means a lot, and if you’d like to tip me for sharing these insights, it would be greatly appreciated. Thanks to everyone who has supported my journey in educating the community! #losses #Loss #Market_Update #BTCReboundsAfterFOMC #WeAreAllSatoshi
🚨 URGENT MESSAGE 🚨

It’s never easy to admit losses in trading or investing, but it’s one of the most crucial steps toward long-term success. Far too often, I see posts on Binance Square urging people to "Hold on! The price will recover! Just wait, and it’ll rise again!"—especially when talking about coins like $SHIB and $FLOKI. While some might not agree with me, the reality is simple: stop relying on those who suggest holding indefinitely. Many of these individuals are simply trying to comfort themselves because they jumped in too late and are now in a tough spot.

These people invested during a frenzy, without considering the long-term impact, and now face losses. The mindset of "If I haven’t sold, I haven’t lost" is deeply flawed. If you realize one of your investments is heading in the wrong direction and likely to continue doing so, it’s not wise to hold onto it just because you’re in the red. The crypto market is full of new opportunities, and holding onto failing assets will only limit your potential gains elsewhere.

Imagine you own a property giving you a 10% return annually, and suddenly you’re offered another one promising 30%. Would you pass on the better deal just because the first property hasn’t performed well yet? That would be a mistake, causing you to miss out on higher profits. Accept your missteps, learn from them, and focus on new opportunities. It’s part of the growth process.

This is my personal view. If this resonates with you, feel free to like, comment, or share this post. Your support means a lot, and if you’d like to tip me for sharing these insights, it would be greatly appreciated. Thanks to everyone who has supported my journey in educating the community!

#losses #Loss #Market_Update #BTCReboundsAfterFOMC #WeAreAllSatoshi
LOSS IS PART OF THE PROCESS. THERE ARE WINNING DAYS, THERE ARE LOSING DAYS. NOBODY HAVE A 100% WIN RATE. IF SOMEONE SAYS THEY ONLY WIN, THEY ARE LYING. ITS OKAY TO MAKE MISTAKES BUT MAKE SURE YOU LEARN FROM THEM. WE WILL BECOME MILLIONAIRES IN CRYTPO. WE WILL NOT QUIT. #IOprediction #Binance200M #Myposition #Loss #altcoins
LOSS IS PART OF THE PROCESS.

THERE ARE WINNING DAYS,
THERE ARE LOSING DAYS.

NOBODY HAVE A 100% WIN RATE.
IF SOMEONE SAYS THEY ONLY WIN,
THEY ARE LYING.

ITS OKAY TO MAKE MISTAKES BUT
MAKE SURE YOU LEARN FROM THEM.

WE WILL BECOME MILLIONAIRES IN
CRYTPO. WE WILL NOT QUIT.

#IOprediction #Binance200M #Myposition #Loss #altcoins
should i hold or close 🥺 please help me out 🙏 i am new in crypto market 😥#Loss {spot}(SAGAUSDT)
should i hold or close 🥺 please help me out 🙏 i am new in crypto market 😥#Loss
PDA coin is not showing a single sign of going up. Will it go up in the future? Should we hold it? #PDA #down&Down #Loss
PDA coin is not showing a single sign of going up.

Will it go up in the future?

Should we hold it?

#PDA #down&Down #Loss
Whale Suffers $4.8M Loss in BTC Trades 🚨 Whale Sells 300 BTC at a Loss, Incurring $4.8M #Loss in Recent Trades A whale sold 300 BTC ($18.25M) at a loss 1 hour ago. This whale bought 855 BTC ($54.6M) at $63,878 in July, then sold 297 BTC ($15.8M) at a loss during the August 5 market crash, and another 300 BTC ($18.25M) today, leaving 259 BTC ($15.74M). This trade resulted in a $4.8M loss. This whale doesn’t seem to be a smart trader. Earlier, he bought 210 $BTC ($13.1M) at $62,337 on Feb 29 and Mar 2, but after selling 209 $BTC on March 6 at $65,165 for only a $528K profit, the price later broke $73K on March 14. Address: 35TZjtyCihT6KRCGqtyAgJtJAxvftiX2cR If you enjoy my content, feel free to tip me ❤️ #Binance #crypto2024
Whale Suffers $4.8M Loss in BTC Trades 🚨

Whale Sells 300 BTC at a Loss, Incurring $4.8M #Loss in Recent Trades

A whale sold 300 BTC ($18.25M) at a loss 1 hour ago.

This whale bought 855 BTC ($54.6M) at $63,878 in July, then sold 297 BTC ($15.8M) at a loss during the August 5 market crash, and another 300 BTC ($18.25M) today, leaving 259 BTC ($15.74M).

This trade resulted in a $4.8M loss.

This whale doesn’t seem to be a smart trader.

Earlier, he bought 210 $BTC ($13.1M) at $62,337 on Feb 29 and Mar 2, but after selling 209 $BTC on March 6 at $65,165 for only a $528K profit, the price later broke $73K on March 14.

Address:
35TZjtyCihT6KRCGqtyAgJtJAxvftiX2cR

If you enjoy my content, feel free to tip me ❤️

#Binance
#crypto2024
Ethan's $80K Crypto Saga: A Classy Lesson in Loss and #InvestSmart Resilience.1. Early Start in Investing: Ethan Nguonly, a 22-year-old software engineer, began investing in the stock market with parental guidance before his teenage years.2. Impressive Portfolio Growth: His current portfolio boasts nearly $135,000 in retirement and brokerage accounts, along with ownership of two houses.3. Major Financial Setback: However, Nguonly faced his biggest financial mistake, losing approximately $80,000 between November 2021 and June 2022 by investing in crypto on margin.4. Margin Investing Details: Nguonly invested $40,000 in bitcoin and ethereum, plus a few hundred dollars in altcoins. In a bullish market, he decided to buy an additional $15,000 on margin.5. Brief Success and Drastic Turn: Initially, Nguonly saw gains of about $50,000 as bitcoin reached its all-time high, but the crypto market reversed by the summer of 2022, leading to a 70% crash in bitcoin's price.6. Overleveraging and Margin Call: Investing with borrowed funds exposed Nguonly to heightened losses. Facing a margin call, he had to sell a significant portion of his holdings to cover the loan cost.7. Caution on Margin Trading: Investing on margin can amplify both gains and losses. Understanding the risks is crucial, as demonstrated by Nguonly's experience with the volatile crypto market.8. General Investment Risks: Investing in cryptocurrency always carries risk, even during market peaks. Experts advise investing only what you can afford to lose and avoiding techniques like options trading or margin investing if not fully understood.9. Reflecting on Regrets: Nguonly doesn't regret investing in crypto but acknowledges being overly optimistic. His critical error was overleveraging and investing money he didn't have on hand.10. Key Lesson Learned: The $80,000 mistake taught Nguonly a valuable lesson: "only invest money you have and don't go un-leveraged into very speculative investments."11. Shift in Investment Strategy: Despite continuing to invest in cryptocurrency, Nguonly now focuses on established tokens like bitcoin and ethereum, steering clear of riskier altcoins.12. Evolution of Risk Tolerance: With a larger portfolio, Nguonly's risk tolerance has decreased. He now opts for less speculative investments such as exchange-traded funds (ETFs) and real estate.$BTC #hodl #BTC #Loss #CryptoMarketDynamics #DYOR🟢 $ETH $DOGE

Ethan's $80K Crypto Saga: A Classy Lesson in Loss and #InvestSmart Resilience.

1. Early Start in Investing: Ethan Nguonly, a 22-year-old software engineer, began investing in the stock market with parental guidance before his teenage years.2. Impressive Portfolio Growth: His current portfolio boasts nearly $135,000 in retirement and brokerage accounts, along with ownership of two houses.3. Major Financial Setback: However, Nguonly faced his biggest financial mistake, losing approximately $80,000 between November 2021 and June 2022 by investing in crypto on margin.4. Margin Investing Details: Nguonly invested $40,000 in bitcoin and ethereum, plus a few hundred dollars in altcoins. In a bullish market, he decided to buy an additional $15,000 on margin.5. Brief Success and Drastic Turn: Initially, Nguonly saw gains of about $50,000 as bitcoin reached its all-time high, but the crypto market reversed by the summer of 2022, leading to a 70% crash in bitcoin's price.6. Overleveraging and Margin Call: Investing with borrowed funds exposed Nguonly to heightened losses. Facing a margin call, he had to sell a significant portion of his holdings to cover the loan cost.7. Caution on Margin Trading: Investing on margin can amplify both gains and losses. Understanding the risks is crucial, as demonstrated by Nguonly's experience with the volatile crypto market.8. General Investment Risks: Investing in cryptocurrency always carries risk, even during market peaks. Experts advise investing only what you can afford to lose and avoiding techniques like options trading or margin investing if not fully understood.9. Reflecting on Regrets: Nguonly doesn't regret investing in crypto but acknowledges being overly optimistic. His critical error was overleveraging and investing money he didn't have on hand.10. Key Lesson Learned: The $80,000 mistake taught Nguonly a valuable lesson: "only invest money you have and don't go un-leveraged into very speculative investments."11. Shift in Investment Strategy: Despite continuing to invest in cryptocurrency, Nguonly now focuses on established tokens like bitcoin and ethereum, steering clear of riskier altcoins.12. Evolution of Risk Tolerance: With a larger portfolio, Nguonly's risk tolerance has decreased. He now opts for less speculative investments such as exchange-traded funds (ETFs) and real estate.$BTC #hodl #BTC #Loss #CryptoMarketDynamics #DYOR🟢 $ETH $DOGE
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