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King_Abacus
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Should I continue to trust ChatGPT!
#BTC
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King_Abacus
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i am new to trading crypto . a similar ghost named *Transaction fees* haunt the fate of new crypto traders. I started trading when the #Lumia was at $0.5. Because of buying and selling when prices rise or fall, I had lost over $5.6 by the time the coin was at $1.68. And I was wondering ! 😲 the coin has gained value but am losses! how comes?! Isn't this transaction fees the grave yard for all our financial souls! The average growth rate for a coin within 24 hours is 2%. If you sell at 2% increase, it is not enough to cover the transaction fees spent on both buy and sell. (Left for the thinkers to advise).
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But surely, if not being foolish, should I be investing in such projects. Imagine a token has the name "MY NEIGHBOUR ALICE" #ALICE
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who else is thinking of emptying his bank wallet to invest in this rapid booming crypto uproar only to end up losing 20% of it in the next few days after the market sinks down the Bermuda triangle.! I am not so excited. When a car runs very fast. one may say : "we shall reach tomorrow today". But as for me, I begin to say: danger is coming. we may not reach tomorrow, tomorrow. Do not press that buy button. Hold your fiat. fiat your holdings. these are oracles. #Invest in PEPE. I want to see it rise.
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Fate of the cypto. way back in 2016, I used to own some cryto coins. A btc was about 1K and the market kept bleeding. Up and down, coins were marching. I felt frustrated that I was losing money. Then I packed up my things and cashed out. By the time I came back in 2018, things had totally drifted. a btc was 15k. I got shocked. even coins like doge had multiplied over 10 times. I invested again. watching up daily, the candles seemed not interested in rising up. down and down they were marching. I thought as though the downfall of crypto had come. One would think, it may never rise up again. Again I sold out and left. To check back in 2024, a btc was up to 70k. OMG! why do coins rise up when I sell, and fall when I buy! am I staking against a robot! Is the system designed to steal me! Will they fall again when I invest? what will happen if I hold up in the times of panic? all these emotions run across my brain. So I made up my mind to return forever. And again, the fall has returned. Coins go down and down, but one thing remains in my mind, if I cash out , these coins will rise again. and I have purposed to hold. but holding is not enough. I have invested it in earn. so that profits can absorb the value loss. And one ultimate thing have seen about coins is that : though they rise and fall, no coin has ever been depleted to $0. Over time , they keep rising and rising. to the consistent: best of luck
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