BREAKING NEWS Exciting news ahead! There's a significant possibility that the #Ethereum ETF could receive approval within the next 48 hours. If this materializes, brace yourself for increased market volatility. Additionally, keep an eye out for the CPI data release scheduled for July 11 at 8:30 PM (Hong Kong time), which is expected to trigger substantial market movements. Get prepared for potential major shifts in the market! #BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown $BTC $ETH $BNB
ON'T INVEST YOUR INCOME Recently, a follower told me, "I'm planning to invest all my earnings from my job into crypto!" This is a critical mistake that can lead to losing all your hard-earned money and ending up with no savings. Investing a portion of your income in crypto and stocks is a smart move. However, avoid investing your entire income, or even the majority of it, in cryptocurrency. Remember, the crypto market is extremely volatile. While it can offer substantial gains, it can also result in significant losses. Investing most of your earnings means risking a large amount of capital, for which you might not be psychologically prepared, often leading to costly emotional decisions. During the last bull market, I witnessed many individuals make this mistake, losing three to twelve months' worth of salary. They typically sold at the worst times and bought at the best, driven by emotions. Avoid making the same mistake by managing your investments wisely. Many crypto enthusiasts might criticize this viewpoint, believing that cryptocurrencies are infallible and risk-free in the long run. This is simply not true. Invest wisely, take profits by selling your cryptos, and exit the market. You can re-enter during the next cycle, and you'll be glad you did. This post reflects my personal opinion. Thank you for reading. If you found this helpful, please like, comment, share this post, and subscribe. It greatly supports me. You can also tip me to provide financial support for my efforts to educate you about the crypto market. Many thanks to those who do so.
$SOL $NOT $BTC ๐ด๐ด ATTENTION TRADERS ๐ด๐ด If youโre involved in futures trading, this is an important read for you. ๐ด LEVERAGE: A POTENTIAL DISASTER IN THE MARKET Iโve reiterated numerous times, โAvoid futures and leverage if youโre new to crypto. Even with 3-4 years of experience, itโs advisable to refrain.โ Letโs understand the impact of leverage on the crypto market. ๐ด UNDERSTANDING LEVERAGE Leverage allows you to trade with borrowed funds. For example, using $500 with 10X leverage means you trade as if you had $5000. If the price drops by 10%, your position is liquidated, creating a market sell-off to recover the exchange's funds. This triggers a cascade of sell orders, pushing prices further down. ๐ด LEVERAGE ON A LARGER SCALE Imagine 100,000 traders using 10X leverage on ETH at different levels. A 10% drop triggers massive liquidations, causing cascading sell-offs and significant price drops. This risk of cascading liquidations can lead to flash crashes, where prices drop rapidly within minutes. ๐ด RISK OF FLASH CRASHES Excessive leverage can lead to flash crashes, where ETH or other assets can drop 15-20% within minutes due to mass liquidations. This phenomenon is similar in traditional finance with banks and hedge funds. Stay cautious, trade wisely, and avoid excessive leverage to navigate these turbulent times effectively. #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #Bitcoinโ #altcoins #BTCโ $BTC
URGENT UPDATE๐จ IOUSDT & WIFUSDT Alert๐จ Important News for Traders! ๐ IOUSDT: $IO LISTAUSDT Perp 0.6494 -1.26% 1๏ธโฃ Best Performing Coin ๐ IOUSDT is the best performing coin, but... 2๏ธโฃ Next Unlock Coming ๐ Be cautious, the next unlock is approaching! ๐
List of Altcoins Poised for 10X Growth Amid Crypto Bloodbath Ethereum (ETH): The cornerstone of his altcoin strategy is Ethereum. Miles emphasized its potential due to the anticipated approval of an Ethereum ETF (Exchange-Traded Fund). He noted that while Ethereum might not skyrocket instantly, its steady rise from a $1,500 low indicates strong upward momentum. With a current market cap of approximately $428 billion, itโs dwarfed by Bitcoinโs $1.2 trillion, yet it remains a solid bet for doubling or tripling in value. Pepe (PEPE): Next up is Pepe, a meme coin with a robust community. Despite the speculative nature of meme coins, Miles sees significant potential for gains, driven by its popularity and community support. Solana (SOL): Complementing Ethereum, Solana is a key component of his portfolio. While it boasts a high market valuation, Miles recommends waiting for lower entry points to optimize risk-reward ratios. He sees Solana as a high-potential project with opportunities for substantial gains. Whiff (WHIFF): Lastly, Whiff, another meme coin, is tied to Solanaโs ecosystem. By diversifying with Whiff, Miles aims to balance his portfolio, offering another avenue for potential profits. His approach is to buy these coins during price drops and hold them for several months or up to a year, banking on their future value appreciation.$SOL $USDC $BTC #