this #crypto gems would birth the next generation of millionaires🐋💰 fight for your life, every $1 invested now is a potential $100 in the next bull run 🐂.
The market in the last days of the month is increasing, low capitalization coins have been pumped strongly. Top coins such as $LINK , $SOL have also contributed to pushing the market back up. 📈
But, let's not be too excited at this point anymore, $BTC needs a correction wave to the 32K support area in the next few days.
Keep money in your pocket! Let’s see what the market has for us...👀
the price of Bitcoin goes up to $8,000 to breakeven, compared to waiting for the price to go back up to $10,000 to break-even when you only owned 1 unit of Bitcoin. And when it goes back up to $10,000 per Bitcoin, you would've made a profit of $2,000 per Bitcoin or a total of $4,000 for your total investment. If you didn't cost average, you'd have to wait until the price of Bitcoin had gone up to $14,000 per Bitcoin just to register a $4,000 profit.
make a profit, you'll have to wait until Bitcoin goes above $10,000 per unit. Now let's see what can happen if you employ the cost averaging strategy. Say you bought another unit of Bitcoin when its price dropped to $6,000. Now, you have 2 Bitcoins for a total investment of $16,000 ($10,000 + $6,000). By using simple averaging, your average cost of buying per unit of Bitcoin is $8,000 ($16,000 ÷ 2 Bitcoins). Now, you only need to wait until.
So what's the significance of this? If your average cost goes down, your breakeven price for that financial asset goes down as well. That means you don't have to wait for the price of that financial asset to fully recover just to break even. And if the price eventually goes back to the same one at which you originally bought it, you won't just break-even but make a profit already! Allow me to illustrate with a practical example. If you bought 1 Bitcoin at $10,000 and its price plunges to $6,000 afterwards, you would've suffered a $4,000 or 40% loss on your investment. For you to break-even, the price of Bitcoin has to fully recover back to $10,000. And for you to .
This is a very useful hodling strategy that can help you earn good returns despite substantial price drops in the cryptocurrencies in your portfolio. So how does cost-averaging work? Cost averaging refers to a method of investing by which you buy more units of a financial asset (cryptocurrencies, bonds, stocks, etc.) when prices go down. You may be thinking: "Why the heck would I buy more units of a financial asset whose prices are going down?" That's a good question, one that I'm inclined to answer. The principle behind cost averaging is this: by buying more units of a financial asset when its price goes down, you bring down your average initial cost per unit of that financial asset.
Reasons you should look into injective ecosystem 1/ Growing TVL 2/ Dramatic price increase with no cool-off TVL and Price increase🎯
Injective ecosystem has been growing about 5% average monthly increase From March till May 2023, Injective_had a 300% increase in TVL. These metrics show a constant in-flow of capital into injective And we have seen the price of the $INJ token running from 1.2$ to $12.46 in few months $INJ currently has a market cap of $1B but the interesting metric is its supply and FDV(fully diluted volume) $INJ has a max supply of 100M tokens which is quite small and a circulating supply of 83M tokens This essentially means 83% of the token is in supply, The fully diluted valuation is also only $1M different from its current market cap.DYOR.♟️
DYOR (fundamentally strong project). I have a healthy bag of $ROSE . Long term bullish. 📈
• Rating 9.3/10 • AI. Layer 1, Zk narrative • 230m++ ecosystem fund • CZ accumulating $Rose • Background from Apple and Amazon... 0.03 to around 0.04 is absolute bottom and pull back like $MATIC
1B Market cap in Bull Run is nothing for this gem. Smart traders are already positioned. 🚀🪐
Bitcoin has formed a double bottom and is aiming for the $36,000 area right now 📈 We might dip to take liquidity around $33,300, but the rise to $36,000 is inevitable, and I believe we will see it this week.
Around the $36,000 mark, I would like to see Bitcoin trade sideways and witness a good altcoin pump at that moment ‼️ $BTC $ETH $XRP
Bears want to buy below $15k Bulls think that we’re going straight up from here (as they always do lol).
None of them will be right IMO! Something in between will be just perfect to trap both sides (🐻/🐂).
Some people think that if BTC falls to $20k it will be an obvious Buy for retail, therefore it shouldn’t actually happen.
💡 I think $25k Support will be broken on some serious FUD/bad news. Retail will be scared to buy!
If you think that it will be too obvious to buy BTC at $20k, ask yourself why retail didn’t buy the $16k bottom in November-December 2022. $BTC $ETH $XRP
The iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). And the ticker is $IBTC. Again all part of the process of bringing ETF to market...