Dip market is good for buying crypto. According to investor SALID
But you need to make sure you get maximum profit. follow cost averaging swing trade strategy.
Swing trading is usually for short term trading. Instead of getting entry at once, we enter slowly in different price points when we know market will rebound. But now, you will see all long term investors are following this strategy. For investors, the method is popularly known as Cost Averaging (CA) or DCA (Dollar Cost Averaging).
Now we need to know when this strategy is actually useful: when to use and when not to.
When to use in spot or buy order: 1. Market is going down dramatically,Like minimum 3% everyday. 2. Market has enough trade volume. 3. The project is matured, well established and stable. 4. The price is above NP, and not at ATH. 5. You know market will rebound.
When not to use: 1. Market is going up suddenly. Like 10% up a day. 2. There is not enough trading volume. The crypto act like stable coin. 3. New projects or a project that is not stable. 4. The price is below NP, or at ATH. 5. When you have very less money to invest in each coin. Like 100$, 200$. 6. When you know the coin price will never go down, it will keep going upwards.
Let me give you a good example of cost averaging swing trade. Let’s say, this month BTC may go 50k and then rebound back to 71k. Now either, you wait till 50k to buy, but maximum time you will lose the opportunity. Or you can buy 25% at 65k, 25% at 60k, 25% at 55k and so on as it drops and goes below you buy 25% at 50k. In this way you are limiting the risk of losing the swig opportunity, and ensuring that you get maximum profit.
But if you start applying this strategy when it’s not swing, just continuously growing up, you are actually missing the opportunity and reducing the opportunity to maximize your profit . Like if BTC is 15k and you start buying 25% each month, you are literally waiting for higher price to enter. I saw many index funds suggest you to do that in the name of DCA. It’s not advisable DYOR.
HOW DO I KNOW THAT A CRYPTO PROJECT IS GOOD FOR INVESTMENT?
How do I know that a crypto project is good for investment?
Well there are many ways . But I use a very simple formula sometimes. This only works in bull market.
Let’s talk about my recent prediction ID and IQ. ID already make you happy, I know, as it almost doubled your money in few week. There is 10% my credit and 90% is due to huge volume in market in current bull market.
Basically, I start monitoring a coin randomly. The coin must be either very unique like ID / IQ or must be there for l
Bitcoin halving is done and gone. Now we look forward to what the future is to bring to us. Brace yourself, get ready, it’s gon be a bumpy ride and let’s pray that our wishes come true. And tell the whales 🐳 that the sharks 🦈 and crayfishes 🍤 need to feed too. #write2earn🌐💹 #bitcoinhalving $BTC $ETH $BNB
New Stablecoins Aim to Compete with Tether by Offering Yield According to Blockworks, Tether currently dominates stablecoin trading, with over 100 billion USDT in existence, representing over 70% of all stablecoins. However, a new crop of stablecoins is aiming to compete with Tether by offering yield. Tether's revenue largely comes from its investment in US Treasurys, and some stablecoin projects are paying out the yield earned by Treasury investments to attract users. This strategy is partly inspired by the returns earned by MakerDAO, which offers its own version of a yield-bearing stablecoin through its DAI savings rate (DSR) contract. One example is Ondo Finance's USDY, a tokenized note that offers yield on US Treasurys. Since its launch in August 2023, USDY has grown to roughly $95 million in market capitalization. A dashboard from DAO consulting firm Steakhouse lists ten securities tokens, most of which launched in mid-to-late 2023, that also share T-Bill yield. Ethena, another new stablecoin project, offers a locked and yield-generating version of its synthetic dollar USDe, called sUSDe. The yield on sUSDe comes from staked ETH rewards and the fee paid to short positions by those with long positions. Despite these new offerings, Tether remains dominant in the stablecoin market. However, the emergence of yield-generating stablecoins may attract more users and potentially challenge Tether's dominance in the future. #binancenews #HotTrends #Write2Erarn #BinanceSquareExplorers
The day pepe coin jumped from 0.000009$ to 0.00001 I went to price the 2024 Benz car because I was damned sure it will hit $1 from 0.00001 little did I know that I was deceiving myself, as am talking to you now Pepe coin have dropped drastically to $0.0000069 from 0.00001. So I decided to do a proper analysis to find out what really happened. You see the truth is some investors are crying right now because they lost money but for people that bought pepe coin early at $0.0000000001 selling at a staggering 0.0001 is a huge profit for them. Even the 0.0000069 that some late investors are crying about right now have made the early investors profit. For instance those that bought pepe coin early at 0.0000000001 dollars investing just $0.3 gave them over 3billion pepe coins and when you multiply 3,000,000,000 pepe coin that was bought with just one dollar with pepe current price of 0.0000100 & 0.0000069 the $0.3 investment would rake in a whopping $30,000 $20,700 respectively. Can you imagine? While others are crying for the drastic price drop other investors that bought pepe on time are happy. The reason for pepe drastic price drop is simple and clear when the price of the token went high those that bought early started selling and that brought about a fall in the price of the coin, because the more the coin that is introduced into circulation the lower the price, the lower the coins in circulation the higher the price of a token. Now you know so if you must make the most out of pepe just keep buying now that the price is low, buy as many as you can, so that when the price rises your numerous pepe coins will bring you good returns, and don't forget that pepe will get to $1 before bull run. Share with friends now
For pepe to reach 1$ at its maximum circulation, it has to surpass btc market cap by almost 20 times. Or pepe's circulation has to reduce by almost 99%, its a beautiful dream though. #Write2Erarn #toptrnding #HotTrends
If you are holding the coin I suggested, try to hold all coins I suggest.
For example, if I suggested 5 coin, try to hold 5 or at least 3 coins.
I have seen holding multiple coins give higher profit than holding single coin. Because when you see one coin already pumped hard, another is in dip, you can move some money there from the coin already pumped.
So you are actually multiplying the profit.
Again here is the list of coin I’m currently holding for long term.
BTC ETH DOT XRP TRX UNI LINK MANA ID ( I had to sell all recently because my company launching similar project.) IQ
If you go top to bottom, they are stable project with slow but steady growth.
If you go bottom to top, they are bit unstable but have quick growth.
You can skip the top 2 if you have less than 5000$ to invest.
You can skip the bottom 2 if you have more than 3000$ to invest.
A good ratio would be more to less from top to bottom. Invest more money on top coins in the list than the coins in the bottom.
And if someone have 100k + than he should diversify some money on forex and stock as well. If there anyone who have 100k+ to invest, comment. If I get 5 or more comments, I’ll post a standard plan for them.
This are the list of top coins that gonna bull in #2024 . This post is a topic of #HotTrends , so fell free to steal it and make money. I think I a tip guys #BTC #Write2Erarn #HotTrends
💰 If your Binance account or any exchange account is in disarray, constantly buying one day and selling the next, or impulsively putting funds into staking only to redeem them shortly after, it's time to pause and reassess. Your bank account might mirror this chaos, reflecting the state of your inner self.
🧠 Take control of your emotions and your mind. Remember the countless people who bought BTC back in 2010 and lost out due to emotional impulses. Your finances reflect who you are, and emotions will never lead to financial success. It's a devil's trick tempting you to make rash decisions.
🗑️ Trash attracts trash, and emotional crises often lead to financial losses. Take a moment to reflect on past losses – were they accompanied by emotional turmoil? Whether it's family, job, or relationships, emotions can cloud judgment and lead to poor financial choices.
💪 Stay calm and remember that money loves time and a strong mind. Develop mental resilience and discipline, and you'll have the strength to HODL through market fluctuations. Don't let emotions dictate your financial decisions; instead, let rationality and patience guide you to financial success. 🚀 #Write2Earn #PIXEL #WIF #BTC
Ways to get your feet 👣 🦶 wet in the crypto space.
LIVE
CryptoManiacsQueen
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🤷♂️Starting with $50 on Binance is a good way to get your feet wet in the world of cryptocurrency. 🤗
Here's a step-by-step guide to help you potentially grow your initial investment:
1. **Create a Binance Account**: If you don't already have one, sign up for a Binance account.
2. **Complete Verification**: Depending on your location and the features you want to access, you may need to complete identity verification.
3. **Secure Your Account**: Enable Two-Factor Authentication (2FA) to enhance the security of your Binance account.
4. **Deposit Your $50**: Deposit your $50 into your Binance account. You can fund your account with various cryptocurrencies or fiat currencies, depending on your region.
5. **Choose Your Strategy**: - **Long-Term Holding (HODLing)**: Consider investing your $50 in a promising cryptocurrency and holding it for the long term. Research and choose a reputable project with growth potential.
- **Trading**: With $50, you can start trading low-priced cryptocurrencies. Learn about trading strategies, use limit orders to minimize fees, and be prepared to research and monitor the market.
- **Staking or Savings**: Some cryptocurrencies offer staking or savings options on Binance. Explore these to earn passive income on your holdings.
6. **Diversify**: As your portfolio grows, consider diversifying your investments. Don't put all your funds into a single asset.
7. **Learn and Stay Informed**: Continuously educate yourself about the crypto market. Follow news, join forums, and stay updated on the latest developments.
8. **Set Realistic Goals**: Setting achievable financial goals can help you stay focused and disciplined.
9. **Risk Management**: Only invest what you can afford to lose. Cryptocurrency markets can be highly volatile, so manage your risk and avoid emotional trading.
Remember : Patience and diligence are key to success in the crypto market.
No one is saying anything about binance users from Nigeria.
Since Our old man 👴 have forced binance into delisting NGN from the platform what’s going to be our alternative for fund withdrawals, what’s our next option my fellow Nigerians ?
Find a good coin you think it’s suitable for your investment budget. Don’t forget forget to do your research
Make use of autoinvest;
With autoinvest you can buy any crypto of your choice stress free. All you have to do is select your desired investment plan, either (weekly, daily or hourly etc) and the sweetest part is that can start with as little as the minimum of $0.1 and it’s adjustable, you can adjust to $1 if you like.
Then hold for some time; After accumulating the cryptos of your choice with autoinvest you can hold and watch their values rise. Once the crypto currency’s rise to a profitable height, you sell and make your profit.
SHARE YOUR THOUGHTS TO HELP OTHERS GROW FINANCIALLY
What do you think of $PEPE coin? Will the coin ever surge past its current value? Will $PEPE experience a bull run? How can one make a fortune from it?
Let our pros answer these questions in the comment section, let’s share our thoughts to help others grow financially.
📣 one sweet fact about $PEPE is, if you have like thousands or hundreds of thousands of $PEPE and eventually the value rises to over 1 dollar per one $PEPE or more than that ?
Bitcoin have witnessed a great deal of uptrend for the past 2 months now, ranging from $35k to $52k and it’s still will experience more rise in the future.
This is a great opportunity for a lot of millionaires out there to turn billionaires .