Recently you might noticed a bunch of posts talking about a new project: the Rexas finance RXS. The posts claim, that is competing with established coins like Cardano $ADA and ripple $XRP (which is incredibly fake by the way, as the project isn't even working!). Rexas finance RXS promises real world asset tokenization. but this project is likely to be unsafe, this is why: The white paper is unclear and basic, and more for such big promises, some parts even appear to be written with AI, and fails
i think the future may be more unclear than ever for wld
in the past $WLD had issues with selling pressure and coin unlocking, now western AI companies are struggling, regulatory issues for the project come out frequently, and the possibility of a massive selloff of AI related companies (something that can drag big indexes like NASDAQ and S&P 500) is now in the air. is like the world is against the OpenAI coin lol
for me we're actually witnessing an example of "buy the rumor, sell the news"
if good news are anticipated in the future people will buy driving prices upwards, but the prices won't go up when the news come out (not necessarily)
after all, if everyone already bought, who else will, when the actual thing happen?
the American president promised stuff related to crypto and bitcoin, and prices skyrocketed. when he actually delivered not much happened, at least what many expected (a lot of people even "bought the news" getting stuck at high prices!)
then the Chinese AI came out throwing salt to the wound, what a shame 😿
what happened with ada was kind of funny, literally touched 1 and proceeded to fall ignoring all supports like an uncontrolled and totally derailed brakeless garbage truck downhill
The Trading Oracle
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Bearish
$ADA again pattern win and indicator lose.. RIP #USTaxExemptionPlan
so many projects are being born dead, even when everything else is just green, have you seen the charts?
a whole bunch of them fall to below listing really quick, and while it's normal for a coin to fall after listing, is not normal to fall 50%, 70%, keep falling, and never recovering, leaving all investors holding the bags.
but we can spot this bad projects even before their related coins came to listing:
- bad allocation: when a big chunk of the coins are owned by a few people (most of the time by the devs) it is a bad sign, as the probability of a pump and dump and rug pull is greater, and when this coins are transfered to exchanges, it might be even a worse signal!
- promises and unsupported claims: 100x return, revolutionize the Blockchain, the next $BTC , and so on. if the project doesn't have any features and strong bases to support this, do not expect another success like $SOL or $ETH
- it's just a bad project: meme coins, NFT coins and game coins rise with the hype, and many of them die with it. weak projects, sometimes even without any real reason to engage coins, can fail easily too.
almost all new listed coins flop at the beginning, you might be better shorting $BTC at 125x than investing on new listed coins at launch. but this is something else 🤮
as you can see the opening price was 11 usd, so for the people who bought at launch, the melania coin has to pump 320% just to breakeven, and all leveraged longs at open got wiped out clean.
this silly coin probably ruined the life of many people
almost 150000 traders were liquidated in the last 24 hours, near 400M usd. one person even got liquidated by 8M~ usd, as appears in the picture below.
and that's not even near to what happened days ago, with $BTC dropping below 100k even big coins like $ETH and $XRP followed. over 1 billion usd were liquidated, and the people publishing huge losses on this forum are becoming even more common than before.
so, to avoid being another statistic, one must remember the obvious:
use low leverage, maintain a low margin% and don't rush in entries, unless you really really know what is going on, and what are you doing.
obviously basic stuff, but sometimes the basics have to be remembered, just like any other skill.
i see many people saying at every downturn "don't panic, just buy the dip!" but in my opinion this is a mistake!
obviously you want to catch the dip and avoid buying at peak, but in some instances this is a mistake. one should first do research and analyze the situation, to catch the actual lasts dips, or you'll be buying the dip and beyond, forever!
take for example $ICP . now trading at around 10 usd, it was once priced at more than 400 usd. after a huge crash it has never recovered. just imagine the people buying dips at 390, 350, 250... they will never see that money again, most likely. or Luna, which crashed -99.99% (in binance charts is not showed, but it was priced at around 110 usd)
examples like this are common, even in the stock market with GameStop and BBBY.
of course there are incredible examples like $XRP rising after every crash, or even $BTC with crashes of 90% and insane recoveries. but this are extreme unlikely cases, xrp recovered thanks to ripple's work, and bitcoin went up again for its solid fundamentals and wide use.
or well, you can always wait for a 5000x moonshot 😸
the focus on cryptocurrencies offered by trump now more than ever seems like a cash grab.
it was obvious since the beginning but this has become ridiculous! the entire family launching coins and NFTs, treating the market as an ATM. if crypto has always been seemed like a joke, now is starting to become one. a joke worth several trillions.
for now, enjoy seeing how those cashgrab coins launched by the presidential family reach highs some of your favorite projects never will see 😸
$AIXBT just at the beginning of the decade, the CEO of a company just had to say the word "AI" and investors would throw money mindlessly. seems like the buzzword is reaching this side of the market. everyone should make further investigation on this coins and don't fall like those foolish investors in the early 2020s
if you're a beginner you might've noticed that every coin follows the behavior of $BTC to certain a degree, even strong coins like $XRP or $ADA follow similar patterns. when bitcoin goes up, altcoins go up, when it goes down, they plunge.
this is not *direct* manipulation by whales or institutions, but the effect of a couple of things like bitcoin dominance, trading pairs, etc.
but the main cause of this might be the fact that the crypto market is dominated by bots! a big chunk of the overall volume and orders are executed by trading bots, this bots use Bitcoin inputs to determine sell and buy actions, triggering even more bots to act and amplifying the effect. this can flash-crash a coin, start a pump, or just drive the price.
because it is an artificial change in price driven by an army of bots and not the retail investors you could say the entire crypto market is manipulated indirectly.
so if you get your life savings liquidated unexpectedly, you can blame bitcoin and the trading bots, if that cope makes you feel better! then you can treat your gambling addiction 🙀