criotomoedas
14,461 views
2 Discussing
Hot
Latest
See original
There's a question I've always asked on#XWhere do you intend to stay big Sardines?
You đ«”đŸ have already asked yourselves this question, haven't you? So look in the mirror now đȘ and ask
I'll be here as always! đ«ĄđȘđđČ
$BNB $SHIB $LUNC
#criotomoedas #BinanceSquareCreator
You đ«”đŸ have already asked yourselves this question, haven't you? So look in the mirror now đȘ and ask
I'll be here as always! đ«ĄđȘđđČ
$BNB $SHIB $LUNC
#criotomoedas #BinanceSquareCreator
See original
#An unknown investor lost around R$70 million when investing in a single cryptocurrency. According to information from Lookonchain, the unfortunate man bought the top in April and, after two months of decline, decided to accept his fate.
The cryptocurrency in question is Ethena (ENA), the governance token of the stablecoin Ethena USDe (USDe). The project was widely supported by billionaire Arthur Hayes, who even stated that ENA could increase in value 10 times.
Regardless, these losses could happen with any other cryptocurrency. Therefore, the case brings some lessons to other investors about market risks.
However, the case presented this Wednesday (12) is not a success story. The investor in question had the largest stake position in Ethena (ENA), but appears to have been unable to withstand two months of declines.
In the image, the company highlights that the investor made four large contributions to the cryptocurrency at the beginning of April. Two of them were exactly at the top. Your exit happens at the worst possible price for it.
One strategy that could have avoided this catastrophic scenario is called DCA (Dollar Cost Averaging). In other words, instead of buying everything at once, the investor could have divided his payments over more days, which would result in a lower average price.
This method has existed even before the creation of Bitcoin, being used in traditional investments. However, it has gained popularity in the world of cryptocurrencies due to its high volatility. Even El Salvador adopted this practice, buying 1 BTC per day, to avoid buying tops.
The case also shows the dangers of the market. After all, although this is one of the biggest bull markets in history, there is no guarantee that all projects will rise.
#ENA
#ethena
#criotomoedas $ENA
The cryptocurrency in question is Ethena (ENA), the governance token of the stablecoin Ethena USDe (USDe). The project was widely supported by billionaire Arthur Hayes, who even stated that ENA could increase in value 10 times.
Regardless, these losses could happen with any other cryptocurrency. Therefore, the case brings some lessons to other investors about market risks.
However, the case presented this Wednesday (12) is not a success story. The investor in question had the largest stake position in Ethena (ENA), but appears to have been unable to withstand two months of declines.
In the image, the company highlights that the investor made four large contributions to the cryptocurrency at the beginning of April. Two of them were exactly at the top. Your exit happens at the worst possible price for it.
One strategy that could have avoided this catastrophic scenario is called DCA (Dollar Cost Averaging). In other words, instead of buying everything at once, the investor could have divided his payments over more days, which would result in a lower average price.
This method has existed even before the creation of Bitcoin, being used in traditional investments. However, it has gained popularity in the world of cryptocurrencies due to its high volatility. Even El Salvador adopted this practice, buying 1 BTC per day, to avoid buying tops.
The case also shows the dangers of the market. After all, although this is one of the biggest bull markets in history, there is no guarantee that all projects will rise.
#ENA
#ethena
#criotomoedas $ENA