Some OG crypto traders were taken by surprise when the crypto market experienced a major downturn between Sunday, August 5 and Monday, August 6, 2024. This bearish movement saw the price of #Bitcoin drop below $51,000 before rallying back up.
That kind of drop was unexpected at the start of what most crypto analysts have called the biggest and longest bullrun ever (#bullrun2024📈📈 )
In my opinion, the bearish move was partly due to the news of Israel and Iran being on the brink of war in the Middle East.
I would like to tell you such a move will not happen again in the crypto market but nobody knows for sure what will happen. We can only speculate.
However, there are actions you can take to protect your funds from getting liquidated while profiting maximally.
Firstly, don't ever open a trade without managing your risk. This is a basic rule of responsible and profitable trading.
Even with a "perfect" setup, anyone who trades without applying a stop-loss (SL) in this unpredictable market is begging for a blown account.
In addition to a SL, also apply a take-profit (TP) to secure your profits unless you plan to stay glued to the screen.
Secondly, keep your ears open for news about war and political elections, especially the US presidential election. If Donald Trump wins as I hope he would, we can expect to see the crypto market go bullish.
Finally, use your technical analysis to identify good entry prices into the market and manage your greed.
Will SpaceCatch become another wildly successful AR project?
After doing some research, I will say yes. I expect $CATCH, the token of SpaceCatch to do at least 100x when the bull run hits fully.
Public presale is live currently, selling at $0.08 and the price is set to increase to $0.09 in a little over 5 days.
Go to the SpaceCatch website (spacecatch dot io) to buy.
Disclaimer: This information is purely for educational purposes. Please do not take it as an investment advice. I will not be responsible for anything that comes out of your use of this information. Please always do your own research (DYOR) on any digital asset you plan to invest in.
3 Cryptos For Buying and Selling In A Post-collapse World
I hear you asking what I mean by post-collapse world. Well, I mean just exactly what it says—whatever is left after the collapse of the economic system, supply/logistics system, security system, health system, etc. on a global scale. There is a very real threat to human existence in this world, posed by the various conflicts going on around the world, first by the Russia-Ukraine war and now by the Israeli-Hamas war. Have you ever thought of what happens if we find ourselves in a nuclear world war, or even a biological one? The majority of the technology that sustains human life now will no longer be fully functional or in existence and money (as we know it now) will definitely become inaccessible, especially fiat currencies. So, if such a world becomes a reality, there are three crypto assets I have identified that may effectively replace globally accepted and accessible money. Let's look at them one after another. Monero (XMR) $XMR In my opinion, Monero is the ideal token for such a situation because it focuses on allowing privacy and censorship-resistant transactions. Bitcoin, like most other cryptocurrencies, has a transparent blockchain. While we cannot change the data stored on the chain, we can verify and trace every transaction from any part of the world, as long as the internet is up. In the past 3 years (since 2020), censorship has greatly increased as governments (shadow and real) try to control the narratives surrounding COVID-19 and other globally relevant events like wars. I would argue that Monero is the perfect digital currency to run with if the people of the world are looking for a global currency to use for transactions in a post-collapse world. Monero transactions are totally confidential and untraceable. As of the time of writing this article, the $XMR price is at $164.01, topping the trending chart on KuCoin.
LODE In my opinion, the LODE Token Ecosystem (LTE) is the only decentralized monetary system backed by real precious metals like silver and gold. You may like to pay attention to it. There are three digital assets that run the LTE: $LODE $AGX $AUX
LODE Tokens: According to information provided in the LODE whitepaper, holders of LODE tokens currently receive a proportional share of 10% of the premium charged on the sale of new AGX and AUX Coins (10% of the difference between the sale price and the spot price). AGX Coins: AGX Coins are stablecoins backed by one gram of investment-grade silver. They are redeemable for physical silver on request, in increments of 100 troy ounces (larger bars are available on request). AUX Coins: AUX Coins are stablecoins backed by one milligram of investment-grade gold. They are redeemable for physical gold on request, starting with ten troy ounces of gold and increasing in one-ounce increments. Both AGX and AUX Coins are legally considered pickup slips or warehouse receipts for physical metal and, as such, are considered utility tokens in most jurisdictions. Although the LODE token is not yet listed on any exchange, I see the great potential in a digital asset like this. If you're looking for a token you can use to store your wealth safely, this is the ideal one to use. Even if world systems do not collapse, we need LODE to replace the US dollar as the new global currency before the globalists with selfish and anti-human agendas succeed in their plan to govern the whole world for their own gains. LODE’s stablecoins are pegged to physical investment-grade silver and gold, which effectively mitigates volatility, inflation, and risk. If you want to start interacting with the LODE Token Ecosystem, visit the project website at lode.one. LODE promises simplicity, affordability, stability, security, redeemability, and universality.
Ripple $XRP The XRP Ledger was launched in 2012 by developers David Schwartz, Jed McCaleb, and Arthur Britto. Later that same year, they founded the company known today as Ripple. I understand that Ripple has a CBDC platform that allows governments of various nations to create and manage a national digital currency, a move that keeps power centralized. However, I believe that XRP will be very useful in the event of a world collapse. XRP ledger provides an open-source, permissionless, and decentralized technology that is carbon-neutral and fast-settling transactions in 3 to 5 seconds. Nobody knows the extent to which a collapse will go if it happens, but I am optimistic. Wrapping Up I honestly hope that the world doesn't get to a state of collapse, but I will prepare for the worst while hoping for the best. Do you agree with the opinion I shared in this article? What other monetary systems do you think can be useful in a post-collapse era? Let's discuss in the comments.
How To Go From $10 to $1,000 In 30 Days Following 3 Simple Steps
Is it realistic to try and turn $10 into $1,000 by trading and investing in cryptocurrency? If this is a question you would like an answer to, I've got some great advice from my mentor for newbies who only have $10–$30 to start investing in crypto. Here is a strategy that will work if you follow it diligently: Step 1: Invest in knowledge Business wisdom says to never invest in a business you know nothing about. It's one of the lessons I picked from the book "Richest Man in Babylon." Your success in any venture depends first on your knowledge about it. Learn from YouTube, blogs, exchanges, etc. If you want to go a step further, get structured knowledge from a course. In fact, I recommend that you join a genuine crypto investing and trading community. Experts know that the cryptocurrency world is treacherous, with all sorts of scams lurking around. You need a proper guide to navigate safely. Like a tour guide, a good crypto community, led by a great mentor, will be of immense help in keeping you safe as you turn your $10 into $1,000. You may decide to go on your own, armed with knowledge from online articles, videos, and the like, and you might succeed, as I hope you will. However, your chances of getting scammed reduce significantly when you have a mentor. Step 2: Get Your Tools Ready The tools you need for a profitable crypto journey include a decentralized crypto wallet like TrustWallet or Metamask and a verified crypto trading and investing account on centralized exchanges (CEXs) like Binance, ByBit, KuCoin, etc. Step 3: Engage in Intelligent Spot Trading This third step is where most scams happen. There are three important pieces of information to hold on to here. 1. Never buy crypto from social media vendors. I did that once and I learned a hard lesson. Only buy crypto from verified P2P sellers on CEXs like ByBit. 2. Start with spot trading. Your $10 is quite small to trade futures so I recommend you start with spot trading. 3. Be disciplined with your profits. Don't withdraw your profit and spend. Have a business mindset and you will succeed. If I were you, I would determine not to spend anything from the capital and profit for the next twelve months. I will make the power of compound interest work for my finances. Wrapping Up You have seen the steps but I know you would like a game plan as well. Let's look at one here briefly. If I really want to go from $10 to $1,000 in 30 days, I would focus on finding shitcoins that can do 10x to 100x. I will invest the $10 in one of them and wait to have $100 in about 7–14 days. Then, I would find another one, take $100 from the previous asset and invest in the new one. Within another 7–14 days, I will have $1,000. In reality, it may not be this straight-forward, but it's worth a try, right? See you at the top. #QuickGains #CryptoTradingTip
The 3 Emotions That Hurt Trading Success & How To Control Them
Every human being is a creature of emotions. A recent study by Dacher Keltner and his colleagues at UC Berkeley suggests that a human being can feel 27 different emotions.Out of these 27, anyone who will be successful in crypto trading and investing must master how to control these 3:Euphoric Greed, Vengeful Anger, and Fear.Euphoric GreedThis feeling is a version of euphoria that traders feel when they have just made substantial profit from the market. I call it euphoric greed because, in my opinion, this type of greed doesn't make the trader act selfishly, unlike normal greed. It involves a feeling of overconfidence that pushes traders to ignore their risk management routines with the hope of making higher profit in shorter time. It often ends in tears.Vengeful AngerThis emotion causes a trader to engage in what I call revenge trading. Imagine a situation where you just lost about 50% of your trading capital, only to see the market moving in the direction you initially predicted. If you're not careful, you will give in to this emotion and enter another trade, most likely with higher leverage, hoping to recover your loss and make more profit. The likely result is tears.FearTraders get limited by fear when they experience a significant loss or a series of consecutive losses. Such traders become afraid of taking opportunities for making profit and some just give up trading completely.Here are three things you can do to control these emotions as a trader:Practice journaling: Keep a trading journal where you record your previous trades, especially the ones you lost. Think through the reasons why you lost the trade and write them down. Also ask yourself critical question to help you understand what you should have done better.Take breaks: It helps to take frequent breaks from your interaction with market data. This helps you get clarity and a different perspective that sharpens your focus as you progress.Talk to your mentor: Mentorship cannot be overemphasized. Everyone needs a support system. Get one and make use of it. It doesn't have to be a formal mentorship program. It could be a community where you can share your thoughts and experiences.Wrapping upIt is important to note that traders face many other emotions but in my opinion, these three I discussed here are the most crucial to deal with. If you need a mentor to guide you as a beginner or you want to start making profit consistently in crypto trading and investing, contact me on x @JoebNefty.#tradingpsychology #tradingemotions #TradingTactics #TradingMastery
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