**** Toma Airdrop Allocation **** I got this much Toma Airdrop after reaching gold 2 with 2.5 M tomato and buying premium medal. how much you got. you can stake to get 20% of other Airdrops #CryptoAirdrop #tomatoes #TomatoListing
I had 25k cats at snapshot and did 3 transactions but didn't buy OG pass . received 58k cats. seems like it will be 17$ atleast . well cats didn't ask much to do but am still disappointed with the Airdrop . they first said that cats will prefer quality over quantity but now they have more cats than dogs The pre market price is very low 0.0003 only
It's CPI data today which will decide whether Fed will take down interest rates or not . yesterday PPI data was good which pushed the market up. expecting CPI data to be good too . which means pump in whole crypto market $BTC
BTC can break the 62500 barrier . Also tomorrow is the CPI data release date. This data will decide whether to cut or not cut interest rates by FED. $BTC
Bitcoin is close to 4h 200 ema and seems like it can break it with a good volume now. also there is CPI data to be released on 13 august which will lead to the decision of cutting down interest rates or not
$BTC feeling the resistance of 57700 but as we have closed above 54600 for BTC, we can expect BTC to cross this resistance and then go or 62700. After the crash occured because of yen Carry trade and japanese removing their investments , market is recovering quite well.
The answer to current Downturn in Crypto as well as in stocks is " The yen carry trade " The yen carry trade is a popular financial strategy where investors borrow Japanese yen at low interest rates and use the funds to invest in higher-yielding assets or currencies. By capitalizing on the interest rate differential between the yen and other currencies or assets, traders aim to earn a profit from the higher returns while paying minimal interest on the borrowed yen. This strategy can impact currency markets significantly, as large-scale carry trades can influence exchange rates and financial flows. Understanding the yen carry trade is crucial for investors looking to navigate global markets and leverage interest rate disparities for potential gains. so Bank of Japan has been increasing interest rate since December 2023 but now the big sell off by japanese investors has taken effect. They have taken out all the money invested and will payback their loans. You can utilize such dips by buying more at low rates and DCA your positions . Never get in too much trades at such time. Be calm and observe the Market. Let the market settle and then invest in the best projects . Remember Alts are still at very low position and many alts haven't even recovered half of their previous All time high. Analyze your portfolio and try to invest wisely . Do your own research #MarketDownturn #Dyor2024
Crypto is highly volatile, making it both appealing and risky. Historical crashes are common in this market. Recently, Bitcoin fell to $49,000, affecting the entire crypto market. Key reasons include:
1. **Global Issues**: Global security and recession concerns are major factors. Military tensions in the Middle East and increased US military presence have created investor fear, impacting stocks and high-risk assets like crypto. The US stock market lost $2 trillion, and Japan’s market dropped 25% in a week. These issues have also hurt crypto. Additionally, recession fears, especially in economies struggling post-COVID-19 and the Ukraine-Russia war, have worsened the situation.
2. **US Elections**: Uncertainty over US election outcomes is affecting the market. Donald Trump’s crypto-friendly stance is overshadowed by allegations, including claims of illegal funding from Egyptian General Sisi. This has negatively impacted the market. With Joe Biden’s withdrawal, Kamala Harris’s increased chances (by 16%) add uncertainty, as she has shown no positive stance on crypto.
3. **FED Interest Rates**: High interest rates strengthen the dollar but weaken stocks and crypto. Uncertainty remains about whether the Fed will cut rates or increase them due to high inflation and unemployment, causing investor anxiety.
**Strategy**: Drops can be a buying opportunity. Those with assets in USDT can buy at lower prices to reduce average buying costs. DCA (dollar-cost averaging) during dips is beneficial. For those holding spot assets, it’s best not to sell at a loss but to stay patient. Avoid obsessing over your portfolio to prevent desperation and poor decisions. Focus on finding opportunities and reviewing your portfolio instead. #MarketDownturn
***** Coins List ***** Remember today is the deadline of Spot Etherium ETF. last time when it's was BTC ETF deadline , a fake news appeared that BTC spot ETF is approved which Increased BTC price for 1000$ but later on it came down to 39000 from 48000 when right news of delay arrived.
So Anything can happen today , even in case of approve of SPOT ETF of Etherium , market can take correction
remember only quality coins do well after the dips
Today is the Spot eth ETF deadline of vaneck spot eth ETF. This can create a lot of volatility in Market. Make sure to have enough usdt with you to buy the dip in case of dump if spot Eth ETF doesn't get approved. But if approved don't get FOMO . Let the market settle and then look for some quality coins . Well there have been very positive news regarding this ETF but as you know they can manipulate market to Grab liquidity so be careful. #dyor
Crypto is a very volatile market and finding exact perfect entry is nearly impossible . Also don't be in a delusion that you will buy a coin and it can go to 2-3 times in a week or so. Crypto requires Patience . because you need buyers to take your coins high and that can only happen if you are in a right project and an early buyer.
"Buy the Fear sell the greed"
is a nice proverb for crypto market. because what has gone up must have to come down. you wait for the right Dip and then you buy the dip and hold. My portfolio is as follow. it includes my initial portfolio and 30% of my profit which reinvested to dca my positions : $INJ nj at 36.23 $GAS s at 6.45 $MAV 0.3925 $Ape 2.20 $Xtz 1.540 $MDT .098 $Doge 0.2150 $Atom 12.7 $Strk 2.5 $Axs 9.66 $GMT 0.2796
also share your portfolio in comments to analyze each other entries and coins. we are here to help each other. Now all these coins were at very low price a week ago and you didn't find it you must be cursing yourself now. but still you can buy them now before it's too late. you can't earn hundred of ustds with just 50 or 100 usdt. if you want to get profitable you will have to invest atleast a fair amount and then work hard and research to multiply your investment .
So invest in right coins. and when you are in good profit like 30-50% start taking partial profits from your coins and reinvest in other projects which are low but have potential
So Crypto has two types of Coins . Some are hyped and some are Narrative based. Hyped coins are in spotlight at social media and everyone fall for it because there are many who aren't familiar to crypto and they just follow what others say. Sometimes it results in a great loss and they become the exit liquidity of early buyers. On the other hand , there are narrative based coins which grows slowly and steadily. Finding Right Narrative is really important because then you can have nice returns on your investment. For example we just Saw AI narrative which took many AI coins to new All Time High. Similarly many meme coins did almost 10 times like pepe. Gaming narrative really has been strong for many coins like beamx , Gala and YGG.
On the other Hand , XRP has a great hype but if you look at its price it's not moving at all. If someone bought XRP even 8 months ago when alt season started , it's still there with no significant price action . While on the hand many narrative based coins did 5x , 8x and 10x. Never just blindly follow the hype. Always find right narrative to multiply your gains on this bull run. For spot traders bull run is really significant. Futures Traders can also earn in Bear Market but for spot traders it's really difficult to earn in spot. Finding Right Narrative at right time will put you in a great position
My Mistakes as a Crypto Beginner which you can avoid: 1: Don't get FOMO (Fear of Missing Out) 2: Don't cut profits 3: Secure profits So I started Crypto in October last year as a total beginner. I thought you can make money quickly only by futures (Not realizing you can also lose money quickly). So started futures and got 70$ of loss by just longing or shorting coins . 70$ is a good amount (not much but a fair amount) in my country. I then started spot because it looked safe to me and also they were too low . The bull run was also in initial phase. So I bought some coins like storj , dot and some other . I got a lot of profit in storj . Slowly steadily I recovered all my loss and was in profit. But here are four examples where I missed amazing profits 1: I bought 4 farm coins at 39.45 and after 3 days it pumped to 68 . I didn't book profit and waited it to go more but It came down and I sold it at 44 with just 25 dollar profit instead of 112 . I sold it and next day it went again to 60$ . I again got FOMO and bought at 56 and waited for 2 months and sold at 58 and after some 2 weeks it went to 128 . 2: I bought id at 0.032 and sold at 0.046 . But it went to 1.70. I sold that coin because I had no knowledge of consolidation or retracement 3: I bought bel for a big amount of usdt at 0.91 and sold at 1.03 to buy mdt . I sold bel just before the pump to 2.68 . I had previously set my orders at 2.50 . So I almost missed 330 usdt profit So as a beginner crypto trader you need two things to keep in mind when buying in spot and selling in spot 1: Follow narratives like AI narrative took wld to 11 , fet to 3 and many other coins got too high 2: clear goals and patience. Don't be a jumping rabbit and just rely on your projects. Will like to share more such tips in my next posts