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I'm a cryptocurrency and blockchain technology enthusiast with a passion for sharing knowledge and insights about the exciting world of decentralized finance.
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🚨There's a common misunderstanding about new coin launches, and I aim to clarify it today.
When a new coin debuts, it often displays a percentage increase based on its initial offering price and current market value. However, this doesn't mean some bought it at a fraction of the price while others at a significantly higher rate.
Before trading commences on platforms like Binance,
three prices are declared:
the opening price,
the high of the day,
and the low of the day.
For instance, let's take $STRK, with a low of $0.2, high of $7.7, and an opening price around $3.
The low typically reflects the coin's ICO or launchpad price, while the high may vary. The percentage you see indicates the difference between the initial offering price and the current market value, essentially representing the gains made by ICO investors.
It's crucial to understand that everyone buys at the market's opening value, not at the extreme lows or highs. 📈
So, don't be swayed solely by these figures; it's essential to comprehend the mechanics behind them and stay informed.#Write2Earn #binance- #strk
When a new coin debuts, it often displays a percentage increase based on its initial offering price and current market value. However, this doesn't mean some bought it at a fraction of the price while others at a significantly higher rate.
Before trading commences on platforms like Binance,
three prices are declared:
the opening price,
the high of the day,
and the low of the day.
For instance, let's take $STRK, with a low of $0.2, high of $7.7, and an opening price around $3.
The low typically reflects the coin's ICO or launchpad price, while the high may vary. The percentage you see indicates the difference between the initial offering price and the current market value, essentially representing the gains made by ICO investors.
It's crucial to understand that everyone buys at the market's opening value, not at the extreme lows or highs. 📈
So, don't be swayed solely by these figures; it's essential to comprehend the mechanics behind them and stay informed.#Write2Earn #binance- #strk
🦖
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Bitcoin's time of indecision, where there is uncertainty about whether to buy or sell, can be challenging for investors. Here are some considerations to keep in mind:
### Factors to Consider:
1. **Technical Analysis**: Analyzing Bitcoin price charts can provide insights into recent trends and possible entry or exit points.
2. **Bitcoin Fundamentals**: Assessing the fundamentals of Bitcoin, such as its institutional adoption, technological developments, and network activities, can help understand its long-term appreciation or depreciation potential.
3. **Market Sentiment**: Observing market sentiment, through news sources, social media and discussion forums, can provide insight into investor expectations regarding Bitcoin.
4. **Risk Tolerance**: Assessing your own risk tolerance and investment horizon is crucial. If you are more risk averse, you may choose to wait for more clarity before making a decision.
5. **Portfolio Diversification**: Consider how Bitcoin fits into your overall investment portfolio. Diversifying between different assets can help mitigate Bitcoin-specific risks.
### Possible Approaches:
1. **Gradual Buying**: If you believe in Bitcoin's long-term potential, you might consider buying in chunks over time, taking advantage of price opportunities.
2. **Wait and Watch**: If you are uncertain, it may be prudent to wait for more clarity in the market before making a buy or sell decision.
3. **Hedging Strategies**: To reduce the risk of loss, some people choose to use hedging strategies, such as futures contracts or options, to protect their Bitcoin positions.
4. **Consult Financial Professionals**: If you're not sure what to do, consulting a financial professional can provide personalized guidance based on your specific situation.
(this is not a recommendation)
### Factors to Consider:
1. **Technical Analysis**: Analyzing Bitcoin price charts can provide insights into recent trends and possible entry or exit points.
2. **Bitcoin Fundamentals**: Assessing the fundamentals of Bitcoin, such as its institutional adoption, technological developments, and network activities, can help understand its long-term appreciation or depreciation potential.
3. **Market Sentiment**: Observing market sentiment, through news sources, social media and discussion forums, can provide insight into investor expectations regarding Bitcoin.
4. **Risk Tolerance**: Assessing your own risk tolerance and investment horizon is crucial. If you are more risk averse, you may choose to wait for more clarity before making a decision.
5. **Portfolio Diversification**: Consider how Bitcoin fits into your overall investment portfolio. Diversifying between different assets can help mitigate Bitcoin-specific risks.
### Possible Approaches:
1. **Gradual Buying**: If you believe in Bitcoin's long-term potential, you might consider buying in chunks over time, taking advantage of price opportunities.
2. **Wait and Watch**: If you are uncertain, it may be prudent to wait for more clarity in the market before making a buy or sell decision.
3. **Hedging Strategies**: To reduce the risk of loss, some people choose to use hedging strategies, such as futures contracts or options, to protect their Bitcoin positions.
4. **Consult Financial Professionals**: If you're not sure what to do, consulting a financial professional can provide personalized guidance based on your specific situation.
(this is not a recommendation)
up
CryptoBuzzz
--
Don’t Make These #1 Mistake During The Crypto Bull Run.
In 2021, my journey into the captivating realm of cryptocurrency began, fueled by the enticing prospect of turning investments into substantial profits. The buzz around individuals reaping substantial gains from their crypto ventures heightened my eagerness to jump in immediately.
The allure of stashing away funds for a few months and witnessing them soar was undeniably thrilling, but my lack of experience was a significant hurdle. I found myself clueless about the intricacies of buying or selling crypto, adding a layer of complexity to my aspirations.
Here, I share five indispensable tips for crypto novices:
1. Master the Fundamentals: Initially, delving into crypto articles felt like a daunting task. While I had a vague awareness of Bitcoin, deciphering which coins held potential eluded me. A foundational understanding of crypto essentials, such as total supply, altcoins, trading volume, chart patterns, and candlesticks, proved crucial. Knowing how to navigate exchanges for buying and selling became a game-changer.
2. Stay Informed with Crypto News: The dynamic nature of the crypto space means that news can significantly impact asset prices. Regularly consuming articles and content about ongoing developments in the crypto world serves as a reliable indicator for strategic buying or selling decisions. Positive news can propel prices upward, while negative developments may trigger a downturn.
3. Risk-Averse Investing: The cardinal rule of investing only what one can afford to lose cannot be overstated. Opting for a cautious approach by dedicating a modest portion of savings allows for gradual portfolio growth while minimizing potential setbacks. Steering clear of borrowed capital ensures a more secure and measured investment journey.
4. Avoid the Cheap Coins Trap: The notion that astronomical wealth can be amassed by investing in dirt-cheap coins is a rare occurrence. While low-priced coins might seem enticing, focusing on comprehensive research into low market cap projects proves more beneficial than fixating solely on price tags. Value lies in potential, not just affordability.
5. Secure Your Profits: Watching your initial $100 investment soar to $3000 is exhilarating, but realizing those profits requires decisive action. Until profits are withdrawn and either converted to fiat or securely stored in your wallet, the potential wealth remains speculative. Avoid the pitfall of becoming the one who could have been rich if only they had capitalized on peak prices.
Embark on this crypto journey with me for more enthralling insights into the ever-evolving world of cryptocurrency. 🚀💰
The allure of stashing away funds for a few months and witnessing them soar was undeniably thrilling, but my lack of experience was a significant hurdle. I found myself clueless about the intricacies of buying or selling crypto, adding a layer of complexity to my aspirations.
Here, I share five indispensable tips for crypto novices:
1. Master the Fundamentals: Initially, delving into crypto articles felt like a daunting task. While I had a vague awareness of Bitcoin, deciphering which coins held potential eluded me. A foundational understanding of crypto essentials, such as total supply, altcoins, trading volume, chart patterns, and candlesticks, proved crucial. Knowing how to navigate exchanges for buying and selling became a game-changer.
2. Stay Informed with Crypto News: The dynamic nature of the crypto space means that news can significantly impact asset prices. Regularly consuming articles and content about ongoing developments in the crypto world serves as a reliable indicator for strategic buying or selling decisions. Positive news can propel prices upward, while negative developments may trigger a downturn.
3. Risk-Averse Investing: The cardinal rule of investing only what one can afford to lose cannot be overstated. Opting for a cautious approach by dedicating a modest portion of savings allows for gradual portfolio growth while minimizing potential setbacks. Steering clear of borrowed capital ensures a more secure and measured investment journey.
4. Avoid the Cheap Coins Trap: The notion that astronomical wealth can be amassed by investing in dirt-cheap coins is a rare occurrence. While low-priced coins might seem enticing, focusing on comprehensive research into low market cap projects proves more beneficial than fixating solely on price tags. Value lies in potential, not just affordability.
5. Secure Your Profits: Watching your initial $100 investment soar to $3000 is exhilarating, but realizing those profits requires decisive action. Until profits are withdrawn and either converted to fiat or securely stored in your wallet, the potential wealth remains speculative. Avoid the pitfall of becoming the one who could have been rich if only they had capitalized on peak prices.
Embark on this crypto journey with me for more enthralling insights into the ever-evolving world of cryptocurrency. 🚀💰
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