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I have always held onto $BNB - Binance Token and $SOL from the start, although I had begun with $BTC like everyone else. When I started holding #crypto since 2016, I did not really know like most others - where will all this go to. And to my surprise, it went much beyond my buying price back then. Unfortunately, I lost a lot of my BTC due to scams in those days, but managed to save a little which I had converted to BNB, SOL and ETH.
Understanding Liquidations and How to Prevent Them
In the last 100 minutes, the cryptocurrency market witnessed liquidations totaling $275,000,000.
#btc #crypto #BTCNextMove
In the last 100 minutes, the cryptocurrency market witnessed liquidations totaling $275,000,000.
#btc #crypto #BTCNextMove
LIVE
BullishBanter
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Understanding Liquidations and How to Prevent Them
In the last 100 minutes, the cryptocurrency market witnessed liquidations totaling $275,000,000. Why does this happen? The primary reason is that many traders lack the skills and knowledge required for successful trading. They often follow social media influencers on platforms like Instagram, TikTok, or YouTube, who flaunt massive profits, believing they can replicate the same results without a clear plan.
Hereās the harsh truth: those influencers likely have a well-defined strategy, including precise entry and exit points. Unfortunately, most new traders dive into the market blindly, chasing quick gains. This lack of preparation and understanding leads to costly errors, ultimately resulting in widespread liquidations.
How to Protect Yourself from Liquidation:
1. Secure Profits Gradually: When the first take-profit (TP-1) target is reached, lock in some gains. Waiting for every target to be hit is riskyāpartial profits help you safeguard what you've earned while staying in the game.
2. Practice Effective Risk Management: Never over-leverage or over-trade. For example, if your portfolio is $200, limit each trade to 5-10% of your funds. With just 2-3 active trades, you can steadily grow your account without exposing yourself to unnecessary risks.
3. Focus on Patience and Consistency: Trading is not about gambling. Itās about making well-calculated decisions. Consistent, smaller profits are far better than chasing unrealistic returns through impulsive trades.
The Importance of Patience:
Think about itāwhen you work a job, you wait 30 days for your paycheck. Why not apply the same patience to trading? If you gamble away your capital today, youāll have nothing left to trade with tomorrow. Safeguarding your funds is the first rule of trading survival.
Stop-Loss: Your Trading Lifeline
One of the biggest mistakes traders make is holding onto losing positions, hoping for a reversal, while quickly closing profitable trades out of fear. This mindset is flawed and can lead to significant losses.
If your trade goes against you, accept a small loss and move on. It's far better than allowing it to snowball into a devastating blow to your account. Always use stop-losses to limit potential losses and protect your capital.
Final Takeaway:
Trading isnāt about luck or quick winsāitās about making calculated, disciplined decisions. If youāre not willing to commit to proper risk management, patience, and discipline, trading may not be the right path for you. Take the time to educate yourself, manage your trades wisely, and focus on building a secure financial future. Remember, safeguarding your capital today ensures you have opportunities to trade tomorrow. Stay safe and trade smart.
#USJoblessClaimsFall #FranklinCryptoETF #liquidation
Hereās the harsh truth: those influencers likely have a well-defined strategy, including precise entry and exit points. Unfortunately, most new traders dive into the market blindly, chasing quick gains. This lack of preparation and understanding leads to costly errors, ultimately resulting in widespread liquidations.
How to Protect Yourself from Liquidation:
1. Secure Profits Gradually: When the first take-profit (TP-1) target is reached, lock in some gains. Waiting for every target to be hit is riskyāpartial profits help you safeguard what you've earned while staying in the game.
2. Practice Effective Risk Management: Never over-leverage or over-trade. For example, if your portfolio is $200, limit each trade to 5-10% of your funds. With just 2-3 active trades, you can steadily grow your account without exposing yourself to unnecessary risks.
3. Focus on Patience and Consistency: Trading is not about gambling. Itās about making well-calculated decisions. Consistent, smaller profits are far better than chasing unrealistic returns through impulsive trades.
The Importance of Patience:
Think about itāwhen you work a job, you wait 30 days for your paycheck. Why not apply the same patience to trading? If you gamble away your capital today, youāll have nothing left to trade with tomorrow. Safeguarding your funds is the first rule of trading survival.
Stop-Loss: Your Trading Lifeline
One of the biggest mistakes traders make is holding onto losing positions, hoping for a reversal, while quickly closing profitable trades out of fear. This mindset is flawed and can lead to significant losses.
If your trade goes against you, accept a small loss and move on. It's far better than allowing it to snowball into a devastating blow to your account. Always use stop-losses to limit potential losses and protect your capital.
Final Takeaway:
Trading isnāt about luck or quick winsāitās about making calculated, disciplined decisions. If youāre not willing to commit to proper risk management, patience, and discipline, trading may not be the right path for you. Take the time to educate yourself, manage your trades wisely, and focus on building a secure financial future. Remember, safeguarding your capital today ensures you have opportunities to trade tomorrow. Stay safe and trade smart.
#USJoblessClaimsFall #FranklinCryptoETF #liquidation
#Ripple CEO Brad Garlinghouse š has issued a crucial warning to the $XRP community ā ļø amidst recent developments. While specifics remain unclear, the message underscores the importance of vigilance and staying informed as #Ripple navigates ongoing challenges and opportunities in the #crypto landscape š.
Navigating the Crypto Winter: A Cautious Approach
The crypto market is currently experiencing a period of volatility and uncertainty, often referred to as a "crypto winter." While challenges persist, it's important to maintain a balanced perspective.
Here's a look at the current market conditions:
* Bitcoin (BTC): The price of Bitcoin has been fluctuating, and the market sentiment remains cautious.
* Ethereum (ETH): Ethereum's network continues to evolve, but its price has also been impacted by the broader market downturn.
* Altcoins: The altcoin market is particularly volatile, with many coins experiencing significant price drops.
During these challenging times, consider the following:
* Risk Management: Implement robust risk management strategies to protect your investments.
* Diversification: Spread your investments across various assets to mitigate risk.
* Dollar-Cost Averaging (DCA): Invest a fixed amount of money regularly to reduce the impact of market volatility.
* Long-Term Perspective: Maintain a long-term investment horizon and focus on the underlying technology and potential of the projects.
Let's discuss: How are you navigating the current market conditions? Share your strategies and experiences in the comments below.
$BTC $ETH $BNB
#crypto #Binance #cryptowinter
#BTCNextMove
The crypto market is currently experiencing a period of volatility and uncertainty, often referred to as a "crypto winter." While challenges persist, it's important to maintain a balanced perspective.
Here's a look at the current market conditions:
* Bitcoin (BTC): The price of Bitcoin has been fluctuating, and the market sentiment remains cautious.
* Ethereum (ETH): Ethereum's network continues to evolve, but its price has also been impacted by the broader market downturn.
* Altcoins: The altcoin market is particularly volatile, with many coins experiencing significant price drops.
During these challenging times, consider the following:
* Risk Management: Implement robust risk management strategies to protect your investments.
* Diversification: Spread your investments across various assets to mitigate risk.
* Dollar-Cost Averaging (DCA): Invest a fixed amount of money regularly to reduce the impact of market volatility.
* Long-Term Perspective: Maintain a long-term investment horizon and focus on the underlying technology and potential of the projects.
Let's discuss: How are you navigating the current market conditions? Share your strategies and experiences in the comments below.
$BTC $ETH $BNB
#crypto #Binance #cryptowinter
#BTCNextMove
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š„ "Is XRP the Big Investment Opportunity of 2024? š¤" š„
āWith the current market developments and exciting outlook for XRP, are we about to see a huge jump in the price of this coin? š
ā What's happening now:
The end of legal issues with the SEC opens the door to greater adoption.
Ripple partners with banks and financial institutions around the world.
High demand for the technical solutions you provide.
ā What's happening now:
The end of legal issues with the SEC opens the door to greater adoption.
Ripple partners with banks and financial institutions around the world.
High demand for the technical solutions you provide.
cryptoshadow89:
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#crypto
Dear all ,
Do not panic in this situation, actually itās a best time to make money and honestly speaking I made money today more then I ever made in my Binance account history. So do not focus on the negative post . Be positive and spend time on screen to play smart. Good luck šš»
Dear all ,
Do not panic in this situation, actually itās a best time to make money and honestly speaking I made money today more then I ever made in my Binance account history. So do not focus on the negative post . Be positive and spend time on screen to play smart. Good luck šš»
Jeanine Ifeanyi wZww:
.
Apu Chandra Kuri:
5doller loss profits no
Market VS Trader š„#PONKE šŖš #ponke #solana #bluechip #bullish #bullrun #crypto #cryptocurrency #btc #bitcoin #trader #cryptotrading #cryptonews #cryptoworld #animation #crypto
I hope you guys keep selling your $UTK so I can keep filling my bag with it š
Despite $BTC yesterday & made #crypto market in blood bath with $1.1B got liquidated but UTK had shown fast moving up from the drop
Just now I got info that #MultiversX the company behind UTK aka #XMoney had opening an office in US, sound related with Elon XMoney rumors ?
So if you dont believe into it just sell your UTK & I with the others who believe in this can fill our bag with more UTK āļø
As always DYOR
God bless
Despite $BTC yesterday & made #crypto market in blood bath with $1.1B got liquidated but UTK had shown fast moving up from the drop
Just now I got info that #MultiversX the company behind UTK aka #XMoney had opening an office in US, sound related with Elon XMoney rumors ?
So if you dont believe into it just sell your UTK & I with the others who believe in this can fill our bag with more UTK āļø
As always DYOR
God bless
Adyx76:
Keep the faith. The altcoin season has just begun.
$BTC
TC is making serious movesānow's the time to ride the wave or refine your strategy. Trade smart and stay ahead! #crypto #USJoblessClaimsFall
TC is making serious movesānow's the time to ride the wave or refine your strategy. Trade smart and stay ahead! #crypto #USJoblessClaimsFall
#MarketPullback this is the new and hot topic in the market today.
What is causing everyone to discuss or even doubt on the $BTC pullback?
What the beginners donāt understand is that this not a #pullback but just a slight correction so that new people could also join in and get a chance to jump on the bandwagon to book the profits in the next bull run.
I suggest if you look at the market in a perspective all the pros have just booked tier profits and now they are prioritising on the #ALTcoins and of course use it to upgrade their physical infrastructures. After all #crypto is not just a trade but also a #currency for the real world trade such as groceries and bills, etc.
So sit tight put your money in and enjoy the ride.
What is causing everyone to discuss or even doubt on the $BTC pullback?
What the beginners donāt understand is that this not a #pullback but just a slight correction so that new people could also join in and get a chance to jump on the bandwagon to book the profits in the next bull run.
I suggest if you look at the market in a perspective all the pros have just booked tier profits and now they are prioritising on the #ALTcoins and of course use it to upgrade their physical infrastructures. After all #crypto is not just a trade but also a #currency for the real world trade such as groceries and bills, etc.
So sit tight put your money in and enjoy the ride.
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
Been farming $Blum for over 200days now. What do you think about it? What advice would you give a new account? Keep farming? #airdrop #crypto #blum
What telegram airdrop do you think will cook?
Been farming $Blum for over 200days now. What do you think about it? What advice would you give a new account? Keep farming? #airdrop #crypto #blum
What telegram airdrop do you think will cook?
kayinma:
I think Blum will be a hit tho!!! And the boost will be based on the number of streaks
In the last 24 hours, the cryptocurrency market saw liquidations totaling $1.04 billion, with $879 million coming from long positions and $156 million from short positions.
This significant scale of liquidations indicates strong market volatility, effectively āclearing outā over-leveraged positions. Such movements could be a sign of market preparation for the next major trendāeither upward or downward.
In these conditions, itās crucial to exercise caution, especially when using high leverage, and closely monitor key support and resistance levels on the charts.
Dont sell.
#crypto #altcoins #dump
$DOT $LINK $NEAR
This significant scale of liquidations indicates strong market volatility, effectively āclearing outā over-leveraged positions. Such movements could be a sign of market preparation for the next major trendāeither upward or downward.
In these conditions, itās crucial to exercise caution, especially when using high leverage, and closely monitor key support and resistance levels on the charts.
Dont sell.
#crypto #altcoins #dump
$DOT $LINK $NEAR