Don't put all your eggs in one basket. Have you ever heard this saying?
If you have under $100, invest in only 2 coins. There's no need to buy a bunch of different coins with $100.
If you have $500, invest in 2-3 coins. If you have $1000, invest in 5 coins or less. Why am I saying these things? Firstly, perhaps you've invested $10-$20 in one coin; there are no big rewards, no matter how high the coin pumps. But with $100 in one coin, it plays differently.
The second component is time. I'm talking about at least a year or more. The big whales are sitting in the market with millions. They don't care about pumps and dumps in the short period of time, they don't need these millions for their living needs. They are staying calm, watching the market. When there's a dump, they buy more to lower their average buy price.
Instead, a person with low capital who is trying to make a living from crypto moves when the market moves. When the market goes up, they sell immediately. Sometimes there is no deep dump, making it hard to come back for the right position. Be patient!
Sometimes you need to buy and forget, do something else. Don't think money comes from one income, have a few incomes, period. Okay, you have a small, nice bag in crypto. Now, work on something else. Work on your skills, business, how you can provide value to society.
Why I'm Against Futures or Buying and Selling Every Day for Short-Term Gains!
A few years ago, I conducted an experiment with my brother. Both of us are into crypto, and we used to argue a lot about long-term vs. short-term strategies.
The experiment went like this: he was trading every day, including futures and spot trading, and following big names on YouTube, "learning and studying" charts, etc. On the other hand, I was comfortably sitting in the spot without making any movements. I staked all my funds and didn't take any action with them.
This went on for two years straight for both of us. Fast forward to when we started drawing conclusions from our experiment. We discovered some interesting hidden truths:
1. Trading daily or constantly moving your funds around is a waste of time and money.
2. Because he kept moving his funds from one coin to another, he missed out on significant pump opportunities, while I gained the most from them.
3. Over the two years, he suffered mentally and emotionally, relying too much on himself. It got to the point where he couldn't sleep at night due to stress.
4. He once told me, "Charts are the results of actions that have already been taken. You can't predict or analyze anything. The actions happen in different rooms; people buy and sell, and you see it on the charts after a minute or two. There's a delay."
5. We both agree that sitting in the spot, paying less attention to constant trading and studying, is much more rewarding. Just invest and forget about it!
From this experiment, we both learned a lot. We understood what we needed to do. Now, my brother acts the same way as me. He sits comfortably in the spot and deposits weekly, focusing on buying and holding for the long term.
No! he has the main setting meaning you can't move this fund no matter what without his permission cuz he has admin on the account. main!
Miguelperdxl
--
Resuming to the subject, someone sent to my Coinbase wallet this ammount of ETHM. Then he asked me to pay bitcoin to get the funds. I know it is a scam and I didn't send any btc. However, there's any chance to cheat the scammer and to withdraw the ETHM on my wallet?? Thanks for helping 🙏
guys big news i checked my account today and guess what i have 0.007 usd 😎 feeling like a millionaire now life goals achieved 🥳 if you see me on the streets just know i am rich don’t talk to me unless it’s about investments lol
but seriously what should i do with this wealth buy a gum or start my empire? 😂😂 ideas welcome! #Binance
Thank you, Binance, for notifying me a day after this scam. I’ve lost my 200 euros, which I honestly don’t consider a lot of money. The token no longer exists in the Web3 wallet after skyrocketing by 160,000%. I’m curious, how many more people lost their money because of this? I still have my money there, and I can’t withdraw it. Does anyone know anything about this?
I dont agree, institutions jumped on it cuz its a new financial system, people are buying real assets with Crypto without tax. they jumped becuz of regulation thing and laundries.
Moyzão
--
Basic math: If an asset costs $100 and drops 60%, it goes to $40.
Now, to get back to $100, this asset needs to go up an unbelievable 150%.
It's basic math, you can check it out on your calculator.
This is what needs to happen for most cryptocurrencies to go back to 0x0.
Now I understand why 95% of people in this market are at a loss.
Only the legendary "exponential rise" can now save those who bought before the fall. Those who bought during this fall did well.
The problem with this legendary exponential rise is that I don't see any narratives for this to happen.
Probably the last good news capable of making the market rise will be Trump's inauguration, but after that, what ELSE(?) can boost this market, since at the most propitious moment for a rise, the market almost collapsed.
The crypto market has shown itself to be fragile, falling so much and without really justifiable reasons. Imagine if the crisis that some economists are predicting with sharp deflation and a brutal drop in global liquidity really happens, it will be the end of the crypto market.
Now with a slight rise, everyone seems to forget that altcoins have not yet recovered even 10% of what they lost.
After any significant rise, withdraw your profits, whether large or small, and get out of the crypto market. This whole thing will collapse by 2025. The crypto winter is already coming, you can already feel a cold wind blowing under the door.
"Hain, the institutional pipipi popopo"
The entry of the institutional was the beginning of the end of the crypto market. The market is now just manipulation. How can hundreds of cryptocurrencies (hundreds!!!) drop in price so brutally in the same minute??? You look at the chart of hundreds of cryptocurrencies and see the SAME movement in the exact same minute... But unfortunately, there are too many lunatics and crypto enthusiasts to see things in a cold and rational way.
Hello guys im new here, this is my portfolio. What you think? I want to invest every month 100-200$. The question is to continue with this coins or to add new?