🚨The #1 Mistake New Crypto Traders Make

Failing to take profits when the market is up is a common mistake new crypto traders make. It's essential to balance excitement with a clear profit-taking strategy to protect and grow your wealth.

➡️Why Taking Profits Matters
1. Missed Opportunities: Neglecting to lock in profits can lead to missed opportunities and watching those profits evaporate during market corrections.
2. Risk Management: Taking profits helps manage risk by securing gains while allowing the remaining position to ride the potential upside.
3. Long-term Success: Having a clear profit-taking strategy is critical for long-term success in crypto trading.

➡️A Simple yet Effective Strategy
1. Take Half: When your investment has grown more than expected, take half of your profits to secure some gains.
2. Let the Rest Run: Allow the remaining position to ride the potential upside, balancing risk and reward.

➡️Remember
Crypto trading isn't about riding every wave to the highest peak; it's about protecting and growing your wealth over time. By taking profits and managing risk, you can stay in the game long-term and achieve success in the crypto market.

What is the difference between a coin and a token?

A coin is a digital asset that operates on its own independent blockchain. They primarily function as a medium of exchange, similar to traditional fiat currencies. Examples include Bitcoin and Ethereum. They have various use cases, from governance to gas payments, and are often modeled to be deflationary.

Most coins have a fairly limited supply that is scarce, not often circulating at the same time in the early stages. For example, there will always be 21 million Bitcoins, with 19.8 million currently in circulation.

A token is a digital asset that operates on an existing blockchain network. They are often associated with a specific project or protocol within the blockchain ecosystem and can have various functions, such as granting access to certain features or representing ownership of digital assets. Examples include ERC-20 tokens, BEP20, and TRC-20. All meme coins are tokens.

The nature of supply for most tokens is not deflationary, as they are not scarce; they are only meant for short-term trading. That is why they are minted in the billions and even trillions to meet current trends. A typical example is Shiba Inu, Bonk, and Notcoin.

Coins are harder to maintain because they require a functioning blockchain to develop, while tokens can be minted in a flash as they only leverage the infrastructure provided by the coin's ecosystem...

Playing requires a long-term vision. Money is not just easy to come by; changing your mindset will change your finances.
Every coin has its tricks; those who profit claim it's a good coin, the skilled developers, while anyone who loses is stuck with a scam or junk – what's strange about that? 😂
Finding a good price to buy... how many people ever sell at a good price?
Still too inexperienced. You should put 70% of your account into margin trading and 30% into futures. This way, you ensure you never burn your account and can also earn extra funding fees 🤣🤣🤣
Now is a time of recession. The market hasn't chased people away yet, so it's not an opportunity.
People are still worried about protecting their projects! Fear of a sell-off has led developers to open pools with high interest rates! And some of you just go around spreading FUD. If you’re not playing, then move on to another project. This place is filled with too many compassionate souls, worrying about others losing money? You should focus on keeping your own money or if you've missed the opportunity, don't interfere with others' thoughts!
Newcomers to cryptocurrency or those experiencing their first price surge should understand that price drops or sudden declines are normal. This is not new and has happened in every price surge.
Now is not the time to doubt whether cryptocurrency is right for you. Stay focused and remind yourself why you got into this game. Set a realistic daily goal instead of overly ambitious ones.
If you expect a specific coin to reach 1$ and then 2, and then 10$ , you are mistaken.
Do your own research and don't believe everyone who tells you this coin will shoot to the moon.
Those who hype buying in are often the first to run; yet many still believe those are the ones holding onto their assets.

Hello everyone,

I choose option 1 from the previous post, okay everyone.

I didn’t want to post because the views are too high, fearing it would drag on longer, but my conscience won’t allow it, so I have to post:

1. At this stage, DCA altcoin is a crime. $ETH and $BNB are still bearable, but other altcoins are a mess.

It’s normal to pump up and dump down at this stage. This time is very suitable for MM to hunt for leverage, so everyone should be careful.

2. If you're afraid of missing the boat, DCA $BTC can make you safer, but the profit will of course be lower. If the volume is high, you should only invest in BTC.

3. The duration depends on how much bottom-fishing you do. Long or short, so I can only estimate by the end of January 2025.

This stage is just the normal sideways movement of BTC, but altcoins will be slowly dumped but feel it 🥵🥵🥵

Take care,

Lucifer.

🚀 Solana Fees Soar to New Heights! 🚀
Transaction fees on the network #Solana have skyrocketed, reaching a daily record high of $13.29 million. This increase highlights the robust development of the platform, improved scalability, and growing acceptance within the #crypto community. The additional fees are a testament to the network's activity and its ability to efficiently handle a large volume of transactions.
As Solana continues to grow, it is clear that the network is becoming a force in the blockchain space. The rise in fees also indicates a healthy ecosystem where developers and users are actively engaging with decentralized applications (dApps) and decentralized financial solutions #defi .
This development not only showcases Solana's technical strength but also its important role in the context of CryptoFees and BlockchainAdoption. 🚀📈

One thing really pisses me off, and I don’t get it: When cryptocurrencies go up by 400%, everyone cheers and acts like they’ve hit the jackpot. When they go up by 200%, people are still celebrating like it’s a miracle. But as soon as the market corrects and drops by 30%, suddenly everyone is screaming: “It’s a scam!”, “The market is manipulated!”. Seriously? Is that how your brain works?

Look at how much the market has given you, and how little it’s taken back. It’s simple math. There are cycles, it’s normal. But you start crying at the first correction. Why? Because your dreams of quick millions vanished? And you know why they did? Because you jumped into leverage and contracts, thinking you’re some kind of investment genius. You thought you’d make 50x faster profits than patient investors. And then… boom! Loss. And what happens next? You start screaming, hating the market, calling it a “scam.” But it’s not a scam. It’s your naivety, greed, and lack of knowledge.

Here’s the best part: I want to thank the whales for wiping out players like you. Yes, wiping out! Because it’s you who are trying to cheat the market, not the other way around. The market isn’t a playground for kids who think they deserve everything and can make millions in a month. The whales do what they’re supposed to do – they get rid of dishonest players who threaten the market’s stability.

Crypto offers incredible opportunities, but not for the lazy or greedy. I’m proof of this because I make money here by understanding how the market works. I understand that corrections are part of the process. If you don’t get this and expect quick profits, go buy a lottery ticket. Maybe you’ll get lucky there. Because here, patience, strategy, and knowledge are what matter.

And finally, if you hate the market, then be honest – who’s the scammer here? The market, which plays by the rules, or you, who tried to cheat it?

$DOT $NEAR $ENA
#Crypto #investsmart #MarketCorrection

MM HAS BEEN PUMPING UP YOUR HOMES, IN ACTUALITY, THE MONEY IS PUMPED UP, IT HAS THE RIGHT TO WITHDRAW IT, IT'S JUST THAT WITHDRAWING IT TOO QUICKLY IS A BIT SHOCKING.
YOU LONG NGUYEN, IT'S TOO DANGEROUS. IS A 20-30% DISCOUNT STILL OK WITH YOU?

Bitcoin Weekly Forecast: BTC drops below $95,000 as spot ETFs see largest daily outflow since inception

Bitcoin (BTC) fell below $95,000 on Friday, heading for its lowest week since August. This latest market fall was spurred by the Fed's aggressive rate-cut announcement on Wednesday and the greatest single-day outflow ($671.90) from Bitcoin US spot ETFs on Thursday. Technical indicators show the pullback will continue to $90,000.

Early indicators of Bitcoin institutional demand weakening
Bitcoin hit a record high of $108,353 on Tuesday but fell more than 8% till Thursday. It dropped below $95,000 on Friday.

Institutional demand weakened this week. Coinglass reported three days of $759.4 in Bitcoin Spot Exchange Traded Funds (ETF) inflows till Wednesday, then a $671.90 million outflow on Thursday. This outflow ended a string of inflows since November 27 and was the greatest single-day outflow since Bitcoin's spot ETFs launched in January.

“If I'm a trader and I see those ETF inflows start to slow down, I'd say we'll have some weakness,” Messari CEO Eric Turner told FXStreet in an exclusive interview.

Turner said ETF volumes would be noteworthy since ETFs are a fresh source of money that smooths Bitcoin's volatility.

Pressure from macro factors deepens Bitcoin downturn.
After Wednesday's FOMC meeting, the US Federal Reserve (Fed) slashed rates hawkishly, causing bitcoin prices to fall this week. The Fed decreased the federal funds rate to 4.25% to 4.50% as predicted but projected a slowing in rate decreases in 2025, lowering riskier assets like Bitcoin.

According to CoinGlass, nearly $1.68 billion in total liquidations and $371.51 million in BTC occurred after Bitcoin's price fall on Wednesday and Thursday.

Apart from this hawkish prediction, Fed Chair Jerome Powell declared the Fed “is not allowed to own Bitcoin.” Powell said that the Fed cannot acquire Bitcoin and has no plans to change this stance, which hurt the cryptocurrency.

#BTCNextMove #USJoblessClaimsFall #MarketCorrectionBuyOrHODL? #MarketPullback $BTC $ETH $XRP