Common ways Newbie Crypto Traders lose their money
Pumped and excited to start trading , most newbie traders when starting their crypto journey encounter a lot of losses. Due to the happiness and desire to make quick profits, newbies easily make the following mistakes , that usually leads to lose of assets.90% of them are likely to engage in scam projects and also interact with websites that would steal their assets. Entering the world of cryptocurrency can be exciting, but it's important to be aware of potential risks and scams that newbies mi
Today December 8, 2023, I am writing this to you, from my desk.
🔥$200 into Dogecoin at the rate of $0.097 would get you - 2041 $Doge
🔥$200 into Fantom at the rate of $0.35 would get you - 557 $FTM
🔥$200 into Solana at the rate of $70 would get you - 2.85 SOL
🔥$200 into MATIC at the rate of $0.87 would get you - 227.5 $MATIC
🔥$200 into BLUR at the rate of $0.49 would get you - 400.8 BLUR
🔥$200 into Cardano at the rate of $0.52 would get you - 382.6 ADA
🔥$200 into BLUR at the rate of $0.49 would get you - 400.8 BLUR
🔥$200 into SHIBA INU at the rate of $0.00001000 would get you - 20,000,000 $SHIB
🔥$200 into DYDX at the rate of $3.04 would get you - 65.74 DYDX
🔥$200 into Memecoin at the rate of $0.040 would get you - 4968 $MEME
🔥$200 into XRP at the rate of $0.64 would get you - 308 XRP
The total amount if invested according to the above is $2,200, to be honest, this is exactly how I would invest $2,200 if I had it.
in the next 24 - 48 Hours we @X mucaN would pin this post to our profile, and it will remain there, till we get to the bull market.
I Have one request, over here at Binance square, we @X mucaN create one of the best and most entertaining, educational, inspiring, and informative content (Articles, Post and Videos), we do wish we can hit 30,000 followers on or before the last day of the month and year.
If you found this article Educative, entertaining, informative, and helpful please like, share, and follow.
You can support us with tips as this would help us earn money and create more content
please let us know in the comments section if you send us a tip, and we will give you a shoutout appreciation post
$SHIB whale holds 10% of SHIB supply, up 250,000x to $2.5B
A mysterious investor has made an over 250,000-fold return on his initial investment of $10,000, which is worth more than $2.5 billion today.
Despite the holdings being worth over $5 billion at their peak valuation, the whale has continued to hold his $SHIB coins since 2020, according to a Nov. 19 X post by blockchain data firm Bubblemaps, which said
Since October 2020, the investor has made a more than 250,000-fold return on an initial investment of $10,000, worth over $2.5 billion today in what is “possibly the greatest trade in history,” according to Bubblemaps.
Before you buy a meme coin promising 10,000x returns, here’s what you need to know:
Creating a meme coin is extremely easy—a 10-year-old could create one in just 2-3 minutes.
There are many scammers constantly creating meme coins. For some, this has become a full-time operation. They launch meme coins on the $SOL blockchain, then "rug" them—essentially scamming investors.
Some scammers don’t wait for their meme coins to hit a $1M market cap before dumping them.
Others rug their projects as early as a $5,000 market cap.
So, be very careful with meme coins—not everyone is making money from trading them.
Don’t believe everything you see online—images and claims can easily be faked.
Protect your hard-earned $SOL . Remember, everyone is fighting to profit from their investments—don’t become someone else’s "exit liquidity."
$PNUT will not be the next $PEPE, and the hype around #PNUT is fading. The meme community is already moving on to the next big trend.
They're searching for the next 100x meme coin that could get listed on Binance ( we told you that already 😚 )
$PNUT is currently down 34% from its all-time high of $2.44.
Before you consider buying $PNUT , here's what you should know:
A 2x gain from the current price might be challenging, but it’s still possible. However, the hype around PNUT has significantly dropped, and the meme community has moved on.
A 5x gain for $PNUT is possible only if we see a major tweet or promo—directly or indirectly—from someone like Trump or Elon Musk.
Otherwise, reaching a new all-time high for PNUT anytime soon seems unlikely.
We know many people are making money by trading Solana ($SOL ) memes, but if you're not careful, you could lose everything you've worked for.
Here's an example: a trader bought a meme coin for just $4.31 and later sold it for $141,300—making a profit of over $141,000. 👏
While people are making big gains with Solana memes, others are losing thousands—or even everything they have.
Many have lost their entire investments in meme coins. The same way this trader turned $4.31 into $141,000, another trader could invest $140,000 in a meme coin and lose it all.
The truth is, you can make a lot of money trading memes, but one big win doesn't erase the risk of significant losses.
One analyst says $DOGE could rally 5,000% from its current price, based on a Gaussian channel analysis.
Following a 159% rise between Nov. 6 and Nov. 12, Dogecoin ($DOGE ) has exhibited a period of higher-range consolidation.
On Nov. 18, the largest memecoin completed a daily bullish engulfing candle, which welcomed market speculations for its next ascend near its all-time high of $0.73.
With the market turning its attention toward $DOGE again, one particular indicator highlighted its historical probability of undergoing another parabolic rally over the next few weeks.