Open Campus ( #EDU ) is up 35% amid Animoca Brands' intent to purchase more tokens. #Cryptoventure capital firm Animoca Brands said it plans to purchase more #EDU tokens from the open market, increasing Open Campus's native token by over 30%. $EDU
I have been following the Cryptocurrency ecosystem for 6 years. I would like to share my experiences with you. 1. Follow cycles in BTC. There have been 4 cycles so far. (Graph below) 2. Buy Bitcoin when it falls within 60-70% range. 3. Sell BTCs after 6 months and buy #altcoins. (When Bitcoin Dominance begins to decline) 4. There will be an altcoin rally in approximately 6-18 months. 5. Start gradual sales when your principal money increases more than 8 times (at least 4 levels). Or start gradual selling when BTC approaches 30% to its possible new high (may be 240K in this cycle). 6. Take it and hold it. Don't buy or sell. Statistically, those who buy and hold earn 90% better than those who buy and sell. 7. Find new and fast-growing projects with solid infrastructure. 8. Focus on projects that are old but are on the rise. (LEFT- AVAX) 9. In each cycle, one category comes to the fore. Categories of this period: Artificial Intelligence and RWA 10. Your Alcoin Cart: - Let it be diverse. - Get every category. - Have at least 10 coins. 11. You must keep#BTCin your portfolio (25%) Because: - It balances both portfolios. - Also, if BTC rises and the alts stop, you won't be upset. - In addition, BTC is more resilient than altcoins in declines. - Also, when the alts are low, you can use BTC like cash. 12. Always have 25% cash on hand. You use it in downfalls and new opportunities. (Buy the fear) 13. The market doesn't go up forever. In this respect, you should know how to take profit and exit step by step. - The rise may continue after selling. In this respect, 20-25% of the goods should remain inside. 14. Do not trade frequently, do not follow the rise. 15. Have principles. 16. Turn off the screen when necessary and know not to look at it. 17. Using high margins. This market is not a gambling table. Remember, if you gamble, you are bound to lose. - #BTC and#3xmaximum in Ethereum - Maximum 2x leverage on altcoins. - There should be a stop of 5-10% on the margin. - The safest thing is not to use leverage. (I've never used it) I wish all of us a prosperous bull season. $BTC #BTC #AltcoinStrategies #BinanceHerYerde
‼️Mistakes made during the bull period in cryptocurrencies:
❌Buying a single altcoin * It might be a problem * Can sink * May not rise ✔️ Honestly, buy at least ten #altcoins
❌Turning towards constantly rising altcoins. They usually fall when you buy them because they get too high. You sell at a loss and follow the new rise again. Thus, the bull ends and you either lost the money or did not make any money.
❌ Focusing on a single category in the portfolio ✔️In the cart: Bitcoin - Artificial intelligence - Meme coin - DEFI - Metaverse - Game - Layer1- Layer2 etc. must be from all beings. These rise sequentially in the bull.
❌Using high leverage ✔️A maximum of 3 levers should be used. Leverage should not be used in highly volatile assets.
❌Buying and selling a lot during the Taurus period ✔️ We should definitely not sell our#Cryptocurrenciesuntil the end of the bull. However, we can buy and sell with 10% of our money.
❌Selling early ✔️ Selling early is as wrong as selling late.
❌Selling at one level ✔️At least 4 levels of sales are required. $BTC $ETH $BNB
The Central Bank of Brazil has announced that it plans to submit regulatory proposals by the end of 2024, adopting a phased approach to regulating cryptocurrencies and virtual asset service providers. This initiative marks a change in the previously anticipated timeline, as the bank's regulatory director, Otavio Damaso, initially expected the regulatory process to be completed by June 2024.
The bank decided to extend the timeline following a law passed in 2022 that calls for regulation by the central bank thereafter. After holding a first public consultation from December 2023 to January 2024 to gather social input on issues not covered by the 2022 law, including asset segregation of virtual asset service providers, the central bank is preparing to launch a second consultation in the second half of the year.
This second round of consultations will focus on regulatory texts and aim to create a robust regulatory framework with input from a wide range of social participants. The Central Bank emphasized the need for this informed approach due to the complexity and diversity of activities and structures in the virtual assets sector. The detailed work of the regulatory teams is a testament to the bank's commitment to providing comprehensive regulations for the emerging cryptocurrency market in Brazil.
The US dollar remained steady in early trading in Asia on Tuesday, while the yen showed weakness beyond the 156 level. While investors maintained their expectations for possible interest rate cuts by the Federal Reserve during the year, market movements remained limited.
In cryptocurrency markets, ether has led a significant rally as expectations for U.S. regulatory approval for spot ether exchange-traded funds (ETFs) rise. The digital currency jumped over 5% to $3,691.80, a nearly 14% increase from the previous session, marking the biggest daily percentage gain since November 2022.
The Euro rose a small 0.03% to $1.0860, while the British Pound rose 0.03% to $1.27095. Since there was no important economic data from the USA this week, the focus of the markets shifted to the comments of Federal Reserve officials, who argued that recent policy changes should be approached cautiously, despite the data showing that consumer price pressures decreased in April.
Carol Kong, currency strategist at Commonwealth Bank of Australia (OTC:CMWAY), stated that the primary message from Fed officials is to maintain a patient approach on interest rate cuts. Despite this, the market's expectations for interest rate cuts continue and two interest rate cuts are predicted as of September.
In other currency news, the New Zealand dollar remained relatively stable at $0.6107 and the Australian dollar rose 0.1% to $0.6674 as the market awaited the minutes of the Reserve Bank of Australia's May meeting. The US dollar index, which tracks the greenback against a basket of other major currencies, was unchanged at 104.61. Bitcoin also increased by over 3%, surpassing the 70,000 $ level, and the last price was recorded as 71,259 $ .
I have been following the Cryptocurrency ecosystem for 6 years. I would like to share my experiences with you.
1. Follow cycles in BTC. There have been 4 cycles so far. (Graph below) 2. Buy Bitcoin when it falls within 60-70% range. 3. Sell BTCs after 6 months and buy #altcoins. (When Bitcoin Dominance begins to decline) 4. There will be an altcoin rally in approximately 6-18 months. 5. Start gradual sales when your principal money increases more than 8 times (at least 4 levels). Or start gradual selling when BTC approaches 30% to its possible new high (may be 240K in this cycle). 6. Take it and hold it. Don't buy or sell. Statistically, those who buy and hold earn 90% better than those who buy and sell. 7. Find new and fast-growing projects with solid infrastructure. 8. Focus on projects that are old but are on the rise. (LEFT- AVAX) 9. In each cycle, one category comes to the fore. Categories of this period: Artificial Intelligence and RWA 10. Your Alcoin Cart: - Let it be diverse. - Get every category. - Have at least 10 coins. 11. You must keep#BTCin your portfolio (25%) Because: - It balances both portfolios. - Also, if BTC rises and the alts stop, you won't be upset. - In addition, BTC is more resilient than altcoins in declines. - Also, when the alts are low, you can use BTC like cash. 12. Always have 25% cash on hand. You use it in downfalls and new opportunities. (Buy the fear) 13. The market doesn't go up forever. In this respect, you should know how to take profit and exit step by step. - The rise may continue after selling. In this respect, 20-25% of the goods should remain inside. 14. Don't trade frequently, don't follow the rise. 15. Have principles. 16. Turn off the screen when necessary and know not to look at it. 17. Using high margins. This market is not a gambling table. Remember, if you gamble, you are bound to lose. - Maximum 3x on#BTCand #Ethereum - Maximum 2x leverage on altcoins. - There should be a stop of 5-10% on the margin. - The safest thing is not to use leverage. (I've never used it) I wish all of us a profitable bull season. $BTC #Cripto #AltcoinStrategies
‼️Mistakes made during the bull period in cryptocurrencies:
❌Buying a single altcoin * It might be a problem * Can sink * May not rise ✔️ Honestly, buy at least ten #altcoins
❌Turning towards constantly rising altcoins. They usually fall when you buy them because they get too high. You sell at a loss and follow the new rise again. Thus, the bull ends and you either lost the money or did not make any money.
❌ Focusing on a single category in the portfolio ✔️In the cart: Bitcoin - Artificial intelligence - Meme coin - DEFI - Metaverse - Game - Layer1- Layer2 etc. must be from all beings. These rise sequentially in the bull.
❌Using high leverage ✔️A maximum of 3 levers should be used. Leverage should not be used in highly volatile assets.
❌Buying and selling a lot during the Taurus period ✔️ We should definitely not sell our#Cryptocurrenciesuntil the end of the bull. However, we can buy and sell with 10% of our money.
❌Selling early ✔️ Selling early is as wrong as selling late.
❌Selling at one level ✔️At least 4 levels of sales are required. $BTC $ETH $BNB
#Bitcoin and#altcoininvestment is not about vacationing in warm bays on a luxury boat. It means arriving at the port by struggling in the open sea, in storms. If you don't have the heart, strength and willpower for this, abandon ship.
HOW IS PROFIT REALIZATION DONE? As a coin in our wallet increases, we need to sell it from the appropriate place in order to make a profit. Nothing is guaranteed in this market. A coin that rises suddenly may fall suddenly. Generally, when we see a rising coin, we immediately start to act emotionally. We succumb to ambitions such as "What if it gets a little more, I won't sell it now?" I think we should always sell from the target point we determined beforehand. Because this market actually consists entirely of a game of perception. Since we are human, those who control the market with the perception game always use it professionally. We usually think that it will fly from here, but next thing we know, we have reached the place where we bought the coin and we exit the position where we were making a very high profit, with a loss just because of our greed. Excessive ambition always results in loss. When we reach our goal, we need to sell what we have and realize our profit, otherwise the profit we have made will disappear. Let me give an example to explain this more clearly: Let's say we invested $10,000 in Bitcoin and it doubled, our investment was $20,000 and we made a profit of $10,000. But we still haven't sold it because we expect it to rise further. Some time has passed and when our investment drops to around 10,000 dollars again, we leave that position with zero in hand and sometimes even a loss just because of greed, since we did not realize the profit while we were in profit of 10,000 dollars. In this market, we should never be blinded by greed for money, we should always be satisfied and get our profit from our target. Especially in our short-term, that is, buy-sell transactions, we must make hit-and-run actions without being greedy. In our long-term investments, we must proceed with a certain strategy. It is never investment advice! This market is very risky. Everyone bears their own risk and responsibility. Don't forget that profit suits the pocket! #Binance #btc #Bitcoin $BTC $ETH
Turn off the screen, watching for damage can lead you astray. If you have a huge loss, you have no chance of collecting it by trading. The greater the pain, the greater the reward. Be patient, the market will give you the opportunity to compensate. If you have bullets left, don't gamble. Otherwise you will be more upset.
OTHERS.D Iran-Israel tension brought the most important fundamental data I follow below the major support zone, but I expect it to close in the middle or above again before the month closes. We continue on our way without any change in our plans and goals!
I list which altcoins were overbought when Bitcoin bottomed: $ARB 900000$ purchased $JUP purchased for $430,000 $LINK 700000$ purchased $CKB purchased for $900,000 $TIA purchased for $600,000 #1INCH$600,000 purchased $SHIB purchased for $900,000 $RNDR 430,000$ purchased $CHZ purchased for $560,000 $FTM purchased for $700,000 $MKR purchased for $222,000 $MANTA was purchased for $229,000.