There is a big misconception among people and I will clear your doubts today.
When a new coin is launched and it shows a percentage based on the lowest price of that candle and the price where the market is currently like $VANA is up 2400% now.
The misconception is that people think that some people bought it at $1 and some at $25.7
When Binance adds a new coin, it has to mention three prices before starting trading.
Opening price High price of the day Low price of the day For example, the lowest price of#VANAis $1 and the highest price of the first candle was $25.70 and the opening price was around $21.79 The low is mostly based on the ICO price of that coin or the launchpad price and the highs are either random or CMC based if it is already trading on other exchanges. Sometimes both can be just random numbers depending on the market cap at the time of launch.
So the percentage you see on the screen is the difference between the ico/launchpad price and the current market price. It's the percentage that ico or seed investors made. As I said, they have to add 3 prices before launch, there's no way someone can buy at $1 or $25.70 when trading starts. Everyone buys at the value at which trading starts. Don't be dazzled or surprised by these numbers, learn how these things work.It's important.
The best thing for a new trader is to store coins in order to earn from storing them.
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What is a bull market?
the introduction
Market trends are a fundamental aspect of financial markets. We can define market trend as the general direction of movement of the market or an asset. Thus market trends are closely monitored by technical and fundamental analysts.
Bull markets tend to be relatively straightforward for those who want to trade, because they allow for the simplest trading and investing strategies. Even inexperienced traders can trade well in favorable bull market conditions. But it is also important to understand how markets move in cycles.
$THE Advice to everyone, try to sell with the least loss, and advice to those who are thinking of buying it, you will regret it, by God, do not be greedy, you will see the highs of its bearish candle, it is terrifying
$THE Advice to everyone, try to sell with the least loss, and advice to those who are thinking of buying it, you will regret it, by God, do not be greedy, you will see the highs of its bearish candle, it is terrifying