Another tip, never move large amounts at once, always send irrelevant amounts first as a test.
Tech-Exchange
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How my friend lost $50,000 USDT on binance. About a month ago, my friend was trying to withdraw USDT worth $50,000 from his Binance spot wallet to his business partner’s Bybit wallet , his business partner provided him with a wallet address of BEP20 network. In the process of withdrawing/transferring the $50,000 worth of USDT my friend mistakenly tapped on opBNB network instead of BEP20 network and proceeded with the withdrawal. The USDT never reflected on my friend business partner’s Bybit wallet till date.
Lesson: Always verify and confirm wallet addresses and its corresponding networks before proceeding with withdrawal
$ENA the potential impact of the token unlock event scheduled for December 4, 2024.
1. Token Unlock Dashboard:
Total unlock progress: Only 13% of tokens have been unlocked, while 56.46% remain locked.
Next unlock event:
Date: 12/04/24, 07:00 UTC.
Quantity: 12.86 million tokens (~0.45% of circulating supply), with an estimated value of $10.62 million.
Purpose: "Ecosystem Development", indicating that these tokens can be used for expansions or initiatives within the ecosystem.
The event could significantly increase supply in the market.
2. Current price: $0.8154, with a daily increase of +3.45%.
Short-term trend: The 4-hour chart shows slight selling pressure, with red candles forming after a bullish sequence.
Support and resistance:
Major support: $0.7228.
Major resistance: $0.8888.
Historical performance: The asset has appreciated by +265.70% over the past 90 days, which may attract attention but also increases the likelihood of profit-taking in the event of high supply events such as the unlock.
Potential risks:
1. Increased supply in the market:
The unlock of 12.86 million tokens may exert selling pressure, especially if holders choose to liquidate their positions. This could cause a significant drop in the price of $ENA
2. Market psychology:
Investors may anticipate the event and start selling ahead of the date (a "sell the news" movement), which may already be reflected in the selling pressure visible on the chart.
3. Volatility:
Unlocks generally increase volatility, creating risks for both short-term investors and long-term holders.
Conclusion:
#ENA faces a high risk of a price drop due to the upcoming token unlock event on December 4, 2024.
Caution is advised, especially for short-term investors.
We are in an upward trend, if you stop this habit of buying and selling all the time, you will make a profit over the months.
Collaborate
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This market is Unpredictable!! I have been observing the movement of each token, Every time I go in the token goes down. The trend did not even reach 8% and every time I go out, The token goes up. I always look at gainers, the token almost reach top 5 when I entered it became bearish. The other token below to it went up cause I did not choose to buy it. This market is manipulative. They lure you and when you enter you end up losing. I did not even do trades. I am only using spot. Beginners be careful!!
In the midst of all this, the only sentence I agree with you on is the one that concludes that you didn't understand math lol
CLEBITCOIN 87
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I don't understand the math now, I bought the currency #THE , it was at 1328% and it went up to 2000% a difference of almost 700% of the amount invested, I received 8%
Currently, USUAL has a total of 4 billion tokens, of which only 494 million are unlocked. This tells us that exactly 12.37% of the tokens are in circulation during this pre-market period.
Right after the official launch of a coin, that is, right after the end of the pre-market, it is usual for there to be a considerable unlocking of tokens.
But what is the problem with this? The problem is that the tokens depreciate to the same extent as the unlocking took place, but it doesn't stop there, the buying users are scared by the sudden drop and start selling even more, that is, wait for more drops in $USUAL before there is actually a possible rise. All those who bought in a hurry in the first second of the pre-market are now at a loss of at least 40%, after all they believed that the rise would be immediate and huge, when in truth it was not. And for those who still have the token, know that the period of declines is only beginning, refuse to believe it and see for yourself what an unlock is capable of doing.
$BTC and the psychological effect of 100K. With each passing day, BTC gets closer and closer to 100k, but what happens after that? Well, there are two possible scenarios: • In the first, countless people who bought at lower prices execute sell orders, forcing a short-term drop not only in BTC, but also in the vast majority of altcoins. • In the second, countless people are caught up in the euphoria and buy more and more, the media reports the record price and this attracts countless new buyers, forcing the price even higher. In the midst of all this, what do I think? I think it's safer to wait and see how the market reacts, after all, if it goes up, we'll have time to profit from the rise that doesn't end in a second, on the contrary, it lasts for weeks. Something that corroborates my view are the countless sell orders present in the 100k range acting as downward pressure. Look at the following graph, 76% of vanda orders are from 100k:
People, stop fooling yourselves, absolutely no one made a profit with USUAL, not in the first second and not now. That 2300% percentage was a bug that ALWAYS happens on Binance during pre-markets. Doubt me? Check the $USUAL chart on any other crypto tool and you will see that it has already fallen 40% and I say that it will fall even more at the official launch.
Is it worth investing in USUAL? In my last post I talked about the risks of buying coins in the pre-market, where I said that I believe USUAL will fall by 50%, at the moment we have already seen a 30% drop.
But what about that? Is the token a fraud? I sincerely believe that it is not a fraud or a scam, but I believe it is too early to buy. USUAL is a token that uses RWA and DeFi, which are narratives that are on the rise. If you also realize that the coin only has a capitalization of USD 133 million (BRL 771 million), this shows that it has enormous potential for appreciation, but not at the moment, because although the project is excellent, before attracting large investors the team needs to demonstrate how the token unlocking process will work.
There are cases where newly listed coins suffer from the unlocking of 20% of their tokens and thus enter an endless cycle of decline, as was the case with ENA and SCR.
If the unlocks are smooth or occur in the coming months, added to the market narrative, I say that in the altcoin season $USUAL will have an excellent performance. However, anyone who ventures into buying now will have to deal with losses that will easily exceed 30%.
paul-atrades
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Bearish
Yesterday, 7 hours before the pre-market of USUAL, I warned that in all pre-markets of coins that went through the launchpool there is a drop. I see now that those who bought USUAL in the first minute lost at least 17% and I say that it will fall even more not only now in the pre-market, but also on the day of the official launch. USUAL will follow the same path as all the coins from the Binance launchpool, that is, it will fall at least 50% before rising. The list of coins that suffered the same fate were: AEVO, ETHFI, ENA, OMNI, SAGA, REZ, NOT, IO, DOGS, CATI, HMSTR and SCR. Every time it is the same, I see graphs above 1000% at the launch, small investors ignorantly buy with hope and then the sequence of endless falls begins, when they finally decide to sell after months the falls stop. But don't think that the end of the falls results in a rise that will give you back the amounts requested, what you gain is a mediocre 20% that you soon lose. $USUAL is bearish!
Yesterday, 7 hours before the pre-market of USUAL, I warned that in all pre-markets of coins that went through the launchpool there is a drop. I see now that those who bought USUAL in the first minute lost at least 17% and I say that it will fall even more not only now in the pre-market, but also on the day of the official launch. USUAL will follow the same path as all the coins from the Binance launchpool, that is, it will fall at least 50% before rising. The list of coins that suffered the same fate were: AEVO, ETHFI, ENA, OMNI, SAGA, REZ, NOT, IO, DOGS, CATI, HMSTR and SCR. Every time it is the same, I see graphs above 1000% at the launch, small investors ignorantly buy with hope and then the sequence of endless falls begins, when they finally decide to sell after months the falls stop. But don't think that the end of the falls results in a rise that will give you back the amounts requested, what you gain is a mediocre 20% that you soon lose. $USUAL is bearish!
paul-atrades
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I see everyone here on the forum talking about $USUAL , the project is at least interesting given that it deals with RWA and DeFi. Furthermore, if we consider the last 3 Binance launches, we have seen increases of at least 200% within days. But if we consider that since the beginning of the year all Binance launchpools have fallen by at least 50%, this reveals a worrying fact. In my opinion, it is worth investing in USUAL, but at the current moment it is too much of a risk given the history of Binance launches. In other words, if I decide to invest in the project, I will do so at a more opportune time, such as in December right after the FED meeting, for example.
I see everyone here on the forum talking about $USUAL , the project is at least interesting given that it deals with RWA and DeFi. Furthermore, if we consider the last 3 Binance launches, we have seen increases of at least 200% within days. But if we consider that since the beginning of the year all Binance launchpools have fallen by at least 50%, this reveals a worrying fact. In my opinion, it is worth investing in USUAL, but at the current moment it is too much of a risk given the history of Binance launches. In other words, if I decide to invest in the project, I will do so at a more opportune time, such as in December right after the FED meeting, for example.
I warned you about it, right? The entire market is in the red and at $FLOKI we are positive, but it is just the beginning, it will go up more!
paul-atrades
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Bullish
The current boom in meme coins, especially those featuring dogs such as Doge, Dogs, Neiro and Shiba, is notable, but what about Floki? As of today, Floki is trading at 0.0001487 cents and its market capitalization is 1.44 billion. $Floki has been going through a bearish period in recent months and, upon reaching a support level, began to capitulate between the 0.00011 and 0.00016 ranges. On November 28, we will have a launch that will bring notoriety to $Floki in the midst of the altcoin season that is already approaching. We have Bitcoin at its current dominance level of 57% and this number appears to be steadily falling.
Accuracy: I spoke about $FLOKI hours before discharge
paul-atrades
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Bullish
The current boom in meme coins, especially those featuring dogs such as Doge, Dogs, Neiro and Shiba, is notable, but what about Floki? As of today, Floki is trading at 0.0001487 cents and its market capitalization is 1.44 billion. $Floki has been going through a bearish period in recent months and, upon reaching a support level, began to capitulate between the 0.00011 and 0.00016 ranges. On November 28, we will have a launch that will bring notoriety to $Floki in the midst of the altcoin season that is already approaching. We have Bitcoin at its current dominance level of 57% and this number appears to be steadily falling.
The current boom in meme coins, especially those featuring dogs such as Doge, Dogs, Neiro and Shiba, is notable, but what about Floki? As of today, Floki is trading at 0.0001487 cents and its market capitalization is 1.44 billion. $Floki has been going through a bearish period in recent months and, upon reaching a support level, began to capitulate between the 0.00011 and 0.00016 ranges. On November 28, we will have a launch that will bring notoriety to $Floki in the midst of the altcoin season that is already approaching. We have Bitcoin at its current dominance level of 57% and this number appears to be steadily falling.