I’m a seasoned finance professional associated with IPA and a crypto enthusiast. would love to help out people in losses on spot, not very much a fan of futures
To all the new traders out there who want to become overnight millionaires, you may become millionaires overnight due to the following: a) God is happy with you, or b) You just had a daughter and God is making up for it (You get the support from God and a fluke turns out to be great) or c) Your are sleeping peacefully (nobody stops you from day dreaming).
Now, honest opinion, if you want to become rich, stop doing the following: a. Stop dreaming about becoming a millionaire in one night. b. Stop entering trades to fill your dopamine centres c. Never ever do revenge trades d. Never dream of winning each day. e. Never invest 100% of your capital (no matter how tempting it looks)
Use any of the following strategy: a. Purchase when there is a bloodbath, and sell once the green candles are the largest (imbalance). b. Learn basic indicators and its use (RSI, SH, SL, Fib, etc) and apply them to small trades ($5-10) not more. Then calculate ur ROI and find exceptions to it. c. Buy those coins which are extremely red today and be patient. Once those turn green, you’ll have the dopamine. d. If you dont have time, and don’t want to go for tech analysis, invest 40% in BTC (with DCA weely/ fortnightly), 25%-30% in ETH, and the rest in USDT for significant buying opportunity.
Well, i’m a finance professional and a crypto enthusiast, hence knows the numbers, better than most.
Go and check my latest post when $XRP went down from $2.75 to $2.5, I explained with reason why should you keep those holdings intact and NO PANIC SELLING.
If you want to keep an update and stay ahead of the curve, follow me.
If i can pull this off with bare minimum of $700-800. You may also do it.
Remember, the wealth is in accumulation and selling your assets wisely. Invest in long term projects rather than quick hype assets.
Having said that, i’d suggest, once the $XRP price go down a bit in the vacinity of $2.67 - $2.68, buy the coin. A fortnight target could be around 40% ⬆️.
For quick gains, Invest in POW coins. You’ll find them easily on binance.
XRP’s showing a little correction. However the likely nature is to increase. All the timeframes support the assumptions along woth the last 24 hour cash inflow of 50m+. The outlflow is penuts against this number. Keep your holdings steady and ensure that you don’t regret the bull run move ahead. Primary reasons are: 1- Large cash inflows in the last 24 hours. 2- SEC’s chair appointment tomorrow - might work out in XRP’s favor. 3- Stablecoin is being launched tomorrow as well.
Because of the last two events specially, expect a touch down to $3 - $3.5/3.7.
Meanwhile, other some coins to follow are $JASMY and $DOT for mid-term to long term gains. While expect some MOONSHOTS 🚀 from$TRB 🚀🧨
If you are long term holders, and don’t go for immediate gains, rather long term values, you need to focus on these coins:
1- Pyth, currently roaming b/w 0.48 - 0.52 and to achieve a 0.58 is quite reasonable with problem.
2- ICP: It has a larger user base than many other iver inflated coins. Currently roaming in the vacinity of $12 - $14. It still has the potential to go x2 to x5 easily in the long run.
3- Usual: It is still in the pre-market phase, not yet launched and the trend is upwards with significant mass momentum (oringial public without whales intervention due to 40,000 coin restriction. Could easily be a x3 target within 1st quarter of FY 2025.
Understand that XRP is still not overvalued. It’s the past 5-6 year of cumulation and legal perspectives that held this very coin at such underdog position. Calculate the reason by comparing the pricing of such other big market cap crypto currency over the same period.
Still got some time before XRP hit in the range b/w $3 to $8. The first fortnight of December is crucial as long term holder would be the beneficiaries of XRP. The next momentum shift will be start January. DYOR
Rest assured, the following could explode anytime, after XRP:
The overall structure stays bullish. Yes, momentarily dips are always to be cherished about.
The problem of losing money comes from the fact that
1- people selling in dips while purchasing assets at 10%-20% increase. Green candles are tempting. 2- people holding on their assets for too long (HODL). Don’t do that. Purchase your asset with a stop loss of 5% of value. While sell your asset at about 10-15% gain. Don’t be greedy. 3- Only invest in good value coins. Small coins need to be removed from your portfolio.