What is the most effective way to invest in Crypto and minimize the risk of loss? This question certainly always appears in every investor's mind and is looking for an answer. In the following article I will share about my Crypto investment strategy. Before starting this article, I verified for a long time and optimized the strategy to the best possible level and in the future I will will always update and optimize this strategy over time.
As I mentioned in previous articles, the current market phase hits the psychology and patience of the majority of investors, when the market psychology has been in the greed zone for the past few weeks, but on the contrary, altcoins have been in the fear zone for many months. There is a truth that always exists that the majority of investors are holding the majority of altcoins and only a few hold $BTC because simply every cryptocurrency investor wants the most profit and the fastest, that's why they look for altcoins, I personally am no exception. So what should I do now?
Even I myself always ask myself what to do now when my assets have been divided several times in the past few months, I don't know when I can return to shore, let alone think about making a profit. Personally, I am also building my own method to test my patience, even if it is wrong, it is an experience for the next season. I have invested 60% of my idle capital, but I only invest the remaining 40% when the price has been accumulating sideways for many consecutive months. Because I am steadfast in this method, the market is challenging me, which is to keep going up and then finding new bottoms for the past few months. However, I will still be steadfast in the DCA method when the price has to be eligible to accumulate sideways for many months, accepting the loss of the opportunity to buy good price areas when the market adjusts.
Today, Binance officially announced the cancellation of trading of 3 tokens $OOKI $UNFI $KP3R. During the period of waiting for delisting from the exchange, it is very likely that the project team and the fund that still holds the 3 tokens will have a price pump to sell off the goods, so I advise everyone not to buy or fomo because the green candles deceive investors. The game is getting more and more fierce for altcoins, especially lowcap altcoins when most of them run out of capital, are holding out and gradually abandoning the project, leading to being delisted on exchanges. However, the sad thing is that it is very likely that the project team is hiding, waiting for the opportunity to create a new project and continue the story of herding chickens for the next season.
The other day I posted an article NEW BOTTLE, OLD WINE and how the market follows the recovery model to find a new bottom for altcoins. For the past two days, the greed and fear index has been in the area above 70, the greed zone and also the area where corrections often occur. However, what is quite surprising to the majority of investors is that the altcoin price line is not commensurate with the greed index above 70, meaning there must be an increase wave for altcoins. But the market is doing the opposite when most altcoins do not have any increase wave and only need $BTC to adjust for most altcoins to have a new bottom. With such a market coordination, most investors will be afraid to spend money, simply afraid that the price bought today will be the peak tomorrow.
Today, the greed and fear index continued to rise to 65 in the greed zone, after $BTC reaching the $66000 zone, along with the percentage of Bitcoin profits increasing to 91.46%, meaning that BTC holders' profits increased to 91.46%. Historically, when the number of holders of #BTC made a profit in the 90% zone, most of them were about to take profits.
Back to the altcoin perspective, I personally feel very sad every time I write about altcoins. Honestly, the way the market is coordinated by the creators and the sharks is too familiar when altcoins mostly recover and then find a new bottom. With such a way of coordinating the market, many investors will no longer be patient to wait, because simply many investors are waiting for the altcoin price to go sideways and accumulate for many weeks so that DCA can buy at an average price, but currently, for many months, altcoins have followed the recovery model to find a new bottom.
Do you think there will be any cycle changes in the last months of 2024? Please leave a comment below about your perspective. Thank you!
Just a few days ago when $BTC reached $66000, the greed and fear index returned to the 64 zone, the greed zone, but today it has returned to the 37 zone of fear. This story is nothing new than the past 6 months, when the market gave investors the feeling of riding a roller coaster. And it is certain that many weak investors could not stand the feeling of riding a roller coaster and had to sell their stocks and leave the market.
So is this period suitable to buy altcoins or average the price of the altcoins you are holding? It's the bottom of the bottom, how can you wait any longer. Perhaps many people are having the same question as above and don't know what to do. Personally, I have invested 60% of my total capital in the altcoins I am holding. I am currently dividing my assets into 3 and for the past 2 months I have not bought anything more or averaged the price, so I will patiently wait for the remaining 40% of my capital to accumulate and move sideways for many months, then I will consider buying DCA to average the price more. If the altcoin price increases, it is okay. My point of view is always clear: "IF THERE IS MONEY, THERE IS A CHANCE".
So $BTC ended September with a green candle, which is surprising after many years when most of September was red candle. So will October welcome #BTC as a green or red candle? History has proven that most of October will be a green candle for BTC. Along with that, there is a pretty good indicator for BTC that #DXY is being sold off, which will be a good sign for risky assets like crypto.
What is DXY?
This is the US dollar index. This index measures the strength of the US dollar.
In a bear market, investors hold cash, so the USD strengthens.
In a bull market, investors sell cash to buy risky assets, so the USD weakens.
DXY is at a 9-month low and is approaching a 14-month low.
Regardless, there are many positive signs to look forward to in October and the rest of the year for the crypto market.
This article is from a positive perspective and a bit of gossip about the crypto market at the end of the year. I do not analyze the issue of compensation from the FTX exchange affecting the token price $FTT , but I write this article from a positive perspective for the possible end-of-year market period. Specifically, the end of 2023 from November 7, #FTT has recovered from the price range of $1 to $6, which means a 6-fold growth in a short time and also during this time the whole market has recovered and many people have thought that #altcoinseason is coming. So is the increase in the price of FTT in the end of 2024 a positive sign for the end-of-year market period of 2024? Please comment below about your perspective to share with everyone 💚
Note: The article is a personal perspective, not investment advice. #Write2Win #hotTrends
The story of rainwater will be repeated many times in the crypto market now and in the future. In the past few days, when many HAMSTER game players around the world were disappointed with the number of tokens $HMSTR received when airdropping, yesterday they were even more disappointed when the price of #HMSTR when trading was not as expected. I would like to share a few personal views on the HAMSTER game project below:
1. First and foremost, the HAMSTER project has too many players, when reaching 300 million users within 6 months, a piece of the cake must be divided among too many people, that is why the majority of players spend 3 to 6 months but only receive a very small airdrop of HMSTR tokens.
2. The total project supply is 100 billion, circulating supply is 60 billion and when the market cap is around 500 to 800 million $, it is not bad for a meme project in a boring market like the current one.
So for me personally, the HAMSTER project does not deserve to be disappointed, the disappointment of the majority of users comes from their own mistakes of being too fond of a project with too many players, leading to the cake having to be divided among too many people.
The community has been outraged over the unfair and intransparent $HMSTR airdrop project in the past few days. When most players have spent 1 to 5 months on the game but only received a few hundred to a few thousand tokens, #HMSTR is far from the number many people secretly dreamed of receiving a few million tokens when the project promised to airdrop 60 billion HMSTR tokens to the community.
I will try a simple calculation: currently there are about 105 million monthly users participating in the game and there are about 3 million users who have been accused of cheating and not receiving the airdrop, then there will be about 102 million users who will receive the airdrop. If all 102 million users receive the airdrop, then it is reasonable that most players only receive a few hundred to a few thousand HMSTR tokens.
Adding statistics on the number of people participating in the launchpool of 3 billion HMSTR tokens on Binance is over 1 million users $BNB and nearly 200 thousand users $FDUSD tentatively calculating the total of 1 million 500 users participating in the launchpool, it can be seen that the number of airdrop tokens if divided, each person will not receive much. (The way to calculate the launchpool is that whoever has more BNB or FDUSD will receive more airdrop)
In general, HAMSTER is a mystery to me personally, letting users be angry like now could also be a deliberate trick of the project team. If you think simply, airdropping a few tokens to all players is also good for the price of HMSTR after being traded in the next few days.
As shared, recently I have focused on airdrop farming for meme projects on the Telegram ecosystem, specifically the $HAMSTER project. However, after receiving the amount of 763 #HAMSTER last night, I have a simple calculation like this:
1. If the HAMSTER price when trading reaches 0.1$ , I will have 76$ for nearly 2 months of airdrop farming.
2. If the HAMSTER price when trading reaches 0.01$ , I will have 7.6$ for nearly 2 months of airdrop farming.
There is a bold statement from the CEO of the Hamster project that this will be the biggest airdrop ever in the cryptocurrency market. Let's wait and see what the price of HAMSTER will be when trading on September 26, 2024 😹
If anyone is farming the HAMSTER airdrop, please comment below to discuss.
Recently, Binance has been very interested in and invested in a number of meme projects with large communities on the telegram ecosystem such as $NOT $DOGS $HAMSTER $CATI, it can be seen that the creator's strategic ability to attract new people and new money has changed and choosing meme projects on telegram is like a new wind for the market in the coming time.
There is a truth that I think will never change in the present and in the future if the crypto market still exists, that is, there will always be the appearance of meme tokens to attract new people and new money into the market, after all, investment must go along with the price and good coins are coins that increase in price. The fact that yesterday Binance listed 3 meme projects for trading at the same time further proves the hypothesis that Binance is looking for a way out of the current boring market period.
The market has been in a state of fear for two consecutive weeks and I have not updated the market for two weeks, which is almost the same as the general situation of most investors. It seems that through each season, many investors are also wiser and more psychologically perfected, which is even more evident through waiting and sitting outside to monitor the market, while there are not many new people, due to the fear of market fluctuations, along with the economic situation in society also trending downward, so investing money will have to be considered more carefully.
With no new people and no new money, it is not surprising that many funds and sharks have to suffer losses to sell their goods, but it is also possible that the recent action of selling some funds and sharks is a trick to lure weak investors to sell their goods, and when many investors sell their goods, low liquidity will cause prices to drop deeply and create a great opportunity for funds and sharks to collect goods at good prices.
The more boring the market is, the better it is for everyone to find a job to forget about the market. Personally, I am focusing on plowing airdrop projects on telegram. After the successes of $NOT and $DOGS , I think there will be many more projects on the telegram ecosystem developing in the near future.
Many people often think that the difficulty in financial investment like crypto is that it takes a lot of capital to have a good position, but for me personally, the difficulty in financial investment like crypto is waiting. Most people, when they have money in hand, will often all-in on the price range right when they enter the market, and very few people turn on the weekly or monthly candlestick chart to see the price, but usually the candlestick chart is 15 minutes to 1 day. The financial market like crypto always makes investors afraid of losing opportunities when the price goes up and down continuously, and has created a mentality of not being able to wait, a mentality of wanting to buy all the money they have because if they don't buy, they will miss the opportunity, although in their head there is still the thought that the price may go down further, but their personal psychology and emotions are not steadfast enough to wait. The price is at rock bottom, so buy... but a few days later, knowing that it is now, how good it would be to buy.
I want to emphasize that capital is not the difficulty in investing, but the most difficult thing in financial investment such as crypto is waiting, are you patient enough to wait for a good price to buy and sell? Leave a comment below about the emotions you are experiencing in financial investment for everyone to know 💚
Market psychology changes like taking an elevator, not stairs anymore. It's still the same old story, still the way the creators and sharks drive prices and control market psychology at a dizzying pace, and in the end, the ones who suffer the most, are the most frustrated, and lose confidence the most are the small fish, the retail investors.
It can be seen that this season with the current way of playing of the creators and sharks, perhaps many new investors will not be able to bear the feeling of their accounts being divided by 2 or 3, then the creators and sharks drive the market price to recover slightly and continue to drive the market price down to find a new bottom until the investor's account is divided by 5, divided by 10 and sometimes divided by 50 to 100, the ultimate goal of the creators and sharks is to make investors' emotions unable to bear the loss and have to sell their goods and leave the market.
I have no advice for anyone who is losing money in investing in the current season, but personally I will be patient and endure all emotions with the way the creators and sharks play in the current season, no matter what the result is, I will accept it.
I would like to apologize to $DOGS for not really believing in the project, when I did not pay attention to plowing from the beginning of the project but only participated in plowing #DOGS about 1 week before the information about the list of exchanges and the result was so sweet that it was a reward of $56 at the current price. If you work hard from the beginning, the story of plowing DOGS for free to earn $1000 is true. Once again, I apologize to DOGS and congratulate those who have persistently plowed DOGS from the beginning.
In my opinion, the possibility of industrial DOGS farming farms will not be airdropped, so when the DOGS trading list is available, the current price will be reached.
I have received over 45000 $DOGS airdrop and if the list price is 0.01$ I will have 450$, if the list price is 0.001$ I will have 45$ and if the list price is 0.0001$ I will have 4.5$. Personally, I think this is a free rainwater deal that almost everyone gets a share of, in the spirit of supporting investors after the assets have been divided 5 to 10 in the past few months.
However, there was a surprise a few days ago when the trading list #DOGS on Binance was that the CEO of Telegram was arrested and certainly the projects being built on Telegram will be affected in the immediate future, so there is a possibility that there will be a strong dumping of DOGS when trading starts today.
Project $ALPACA has no new development roadmap, has been operating for many years, except for being able to secretly work with the futures trading floor in the past few days. Looking at the price chart, you can see that ALPACA has split many times from the peak, the previous bottom was 0.1x and it took many months to recover to 0.3x. However, now it only takes 1 week to create the lowest bottom of all time at 0.07x and the special thing is that it only took 1 week to rebound to the 0.3x area, the price area #ALPACA had to try hard for many months before. The question is whether this is the way the project team and funds clear the warehouse to get liquidity for new projects or not?
If the above suspicion is correct, it is very likely that ALPACA will rise quickly and then fall quickly in the near future. Everyone should consider and analyze carefully before investing to avoid peaking during a bear market period.
It is true that most investors think that investing in finance in general and crypto in particular is easy to make money, but they never ask where the money comes from to be able to share it with many people.
Money is limited while tokens are growing like mushrooms every day, so how can there be enough money to push up the price of all tokens and maybe many people do not know why tokens grow like mushrooms every day because most tokens after being listed on the exchange for a while will often follow the waterfall model, then hold out, during this time they take the money to do other projects and new tokens continue to be born and continue following the waterfall model, not far away, on exchanges like Binance, there are many launchpool projects from the previous season that have been delisted in the current season.
The crypto market, specifically most altcoins, in my personal opinion, are still a delicious cake for dev teams, funds and creators to suck the blood of investors. I am still accumulating mistakes in investing in previous seasons and in the current season alone, it has given me many lessons and I always strengthen my belief that I must practice patience, endure all emotions when the market goes up and down, along with waiting for the price to accumulate sideways for a long time before considering buying DCA at the average price.
In the past few days, Binance has been actively listing futures trading of some old coins, especially coins in the monitoring section, which can be delisted from the exchange if they do not meet the trading conditions on Binance. It is unclear what the purpose is, but from the market perspective, almost all of the old coins listed in the futures recently have not had any new updates from the project team, so is it possible that Binance lists these old coins to create liquidity for funds to sell off their stocks, who knows, Binance might be among them?
Personally, I always advise everyone to stay away from coins in the Binance monitoring section, coins that increase in price abnormally during periods when the general market is down. During periods of market illiquidity like now, game drawing by creators and funds will often occur, everyone should consider carefully before investing.