A newcomer shares his thoughts. I heard that you need to buy coins when they fall and sell when they rise. But you still need to buy more on subsequent falls. Otherwise, people may have a fear that their coin has fallen a little and they are afraid that it will fall again and sell it at a loss to themselves! But itâs better to buy more, rather than sell! For example, you bought 1 coin for $100, it fell to $50, you buy another 2 coins for $100, then it fell to $10, you went and bought 10 coins for $100 and then it returned to the price at $50 and you can sell 13 coins at $50 and get $650 after investing $300. I will add this entry after the question in the comments, Do not buy coins at their maximum historical price, otherwise this scheme may not work! I don't force anyone to follow my example!
$BTC Donât waste money on buying coins now, because this is not the last correction #BTC and not as strong as it will be again. Better keep your money ready.
In addition to the top coins like XRP, SOL and ADA, I was also interested in others, no less top ones. I mean #DOT , #TRX and #MATIC . I also decided to invest about 15% of my modest capital in them. And also in #PHA , which is located in the Polkadot system a little. I don't force anyone to follow my example!
$BTC I am a newbie, not an expert in cryptocurrency, but I decided to analyze the dynamics of Bitcoin. There are many opinions on the Internet, some say it will fall to $20,000, others say it will soar to $500,000, but no one knows when this happens. I looked that the high #BTC was worth $69,000 in 11/2021/01, and a year later it dropped to $15,476 in 11/2022/01 and was still rising. But before reaching a high of $69,000, it had a significant decline or correction, from $64,854 to $28,805 in 2021.06.01 it fell by as much as 55.58% in 5 months before rising to an all-time high. So, you can expect a big pullback before takeoff, but this is not certain)
After I registered on Binance, ads for channels started appearing on all my social media, offering signals about which coins were going to take off. Of course, the first dose is free, but then you have to pay for these signals or go to a seminar and pay for that too. I don't know what others think, but if I knew how to get rich, I wouldn't share that information. After all, if everyone around you becomes rich, how will you stay rich?
They want to take your money #scamers (scammers)!They are everywhere, including the crypto world.
A guy from my work was bragging recently that he had farmed $1000 in Telegram on his smartphone in a year. My other colleague, who brought me to Binance, and I reacted skeptically, how can you get a thousand on your phone, if even some computers can't do that much. That's not all, this would-be farmer is also going to throw $40 in there, because those are the conditions to get that thousand. People, don't fall for this, just think logically, they ask you to deposit funds in order to withdraw your funds, so why don't they take that money from that 1000 and send you 960 and that's it, a scam!
Be careful and turn on your logic, or say goodbye to your money.
In my opinion, this is a temporary growth of #BTC , which pulled the other coins along with it. But as a beginner, my main strategy is to buy for long-term storage. And I give my preference to coins from the top 15 on Coinmarket. Such as #XRP , #SOL , #ADA and others with good capitalization. I will take them on the fall of the weekly chart.
I don't really know about #XRP , only superficially that it is a coin of the company #Ripple that deals with money transfers and competes with SWIFT.
My friend, who told me about Binance, keeps telling me that Ripple will take over the world and generally create its own single international currency and that he will invest all his funds in XRP.
Of course I will not invest everything, but some of the funds. I think XRP will still show itself in the future, after a small temporary decline.
Share your opinion about this coin. I'm not forcing anyone to follow my example!
I heard that buying shitcoins is very risky, only futures are riskier!
But I decided to try, especially when I saw #UMA take off, yes, I know that I need to check the information about the coin and what it is responsible for, but I did it as I did.
I looked at a lot of coins on a weekly chart with a long sideways pattern, this is if the coin is traded for a long time without sudden jumps up or down. Many of these coins are marked âMonitoringâ, which means, as I understand it, they have high volatility, they can even be taken out of listing (sale). So I chose 18 coins and decided to put 10 dollars on each and thatâs 180.
I decided to take a risk, and I think even if 6 out of 18 soar 3 times, I will get back what I invested. These are weekly charts and it may take me several months to wait for some results. But donât repeat after me, you can lose money, just like I did in principle.
#futures If you are new to the crypto world like me, then you are learning to trade just like me.
Watch a lot of videos on YouTube or read articles and dream of getting rich as quickly as possible.
But we, beginners, should not start with futures, even though they attract quick profits, for us this is an option to lose our money. Itâs better to start by buying strong and stable coins with good capitalization for a long shelf life, and this is not days or weeks, itâs months, and maybe even years. In addition to storing coins, you can also engage in spot trading, trying to buy and sell a coin on a 15-minute or hourly chart, but not futures)
Keep a cool head and don't give in to the excitement of grabbing the jackpot.
I don't force anyone to follow my example! Think for yourself!)
$BTC I have never been interested in cryptocurrency before, I just registered on Binance a month and a half ago. And I donât see any point in buying Bitcoin, because my finances arenât big enough for it. But I see that many coins depend on the price of Bitcoin and repeat its movements. Personally, I think that Bitcoin will continue to fall, I wonât say by how much, but I think it might reach 35,000, and then Iâll buy altcoins. After all, I think that Bitcoin will still rise This is my opinion, I do not force anyone to follow my example!