WHAT IS A SH*TCOIN?

The cryptocurrency market is complex and unpredictable. I looked at $ORN Square and many people said that it's a sh*tcoin. But let's be fair, is the coin is a sh*t if its price suddenly down?

Well, large and persistent price changes may indicate that the coin's market is susceptible to manipulation. Be careful with that! However, there are times when the market is volatile due to many other factors, not because that coin is a sh*tcoin.

$BTC , $ETH are considered good coins. If you bought BTC at $69K and the price suddenly down to $66K two days later, then is BTC a sh*t? Clearly not. But because you made the wrong decision.

You should avoid these types of coins:
👉 Pump-and-Dump schemes: a new coin is being heavily promoted on social media platforms could potentially be part of this type.
👉 Dev team owns too large amount: the market could be manipulated.
👉 Unknown coins: be careful with coins have a little information available.

By definition, a sh*tcoin can mean obscure coin or one of types above. In fact, meme coins are considered as sh*tcoins although the profit made from memecoins is not too bad so far. But don't bet all your money to it.

Remember, it's crucial to do your own research and understand what you are investing in. 💥You should only invest money that you can afford to lose.

In your opinion, what is sh*tcoin? Do you have any coin in specific so that people can avoid?

#BinanceVietnamSquare

☝️Use your free money to trade

Cryptos, forex or any market, they are all complex and uncertain. Investment means you could multiple your money and be rich OR lose all your money. If you expect a safer place for your money, maybe you should take your money and put it to banks.

So, use your free money to trade. This means you and your people won't starving if you lose that amount of money. Use money that is for investment.
🚫 Don't take your tuition, rent fee or borrow money to invest.
If you are so scare to lose, how can you make a good decision in investment? Sometimes, it takes couple years to multiple your money. $BTC was only ~$30K last year, ~$20K two years ago, until now it's $71K. Would your house owner allows you to pay that late? Can you live without food that long?

If you have $10, use 10. Next month, you have another 10, use that 10. Don't borrow 10 more, you may lose $20 and a friend and then "CRYPTO is a scam". 🤷‍♂️

Assume you have $10 and make it to $15, so your money just worked and bought you a cup of coffee 😎 Good day!
#BinanceVietnamSquare

$ETHFI may stay from $6 to $8 for several days. Many people believe in its future, included me.

I think it's necessary cool down for the coin. If the price is pumped too crazy, the market will be lost the balance. $ETHFI made a good start. 🤌🤌🤌

#BinanceVietnamSquare

Look at the chart, I feel positive about $ORN even when the Square does not sound the same way. Weird!

Don't think it will have a big pump but the price might increase. What do you think, guys?

Thoughts on small budget and beginner

$PDA was in the top losers list, I remember that it lost about 20% of the original value. I was holding DOGE at ~$0.17.

I read the posts about $PDA and realized that the community was so positive about it. I decided to sell all DOGE and buy PDA at $0.1071. And now? PDA is in the top gainers list, what a crazy comeback.

If you're a small budget person like me, I recommend that you should set a small target for your trading. If you have less than $100, don't afraid of losing it. Don't put it all in any coin. Look for information on multiple coins and start trading a certain amount of money. Set a target so that when you earn that specific amount of money, sell some and reinvestigate the next round. Why? You need experience to trade before you put more money and losing all.

Now assume that you have $100, take $50 and find some good coins to hold if you want to. Separates the remain $50 and trade at some coins. Let's say you put $10 in $DOGE , when it turns to $15 which matchs your target, sell it and repeat the process. If you lose, investigate why was that, get lesson from it. Sometimes you need to be patience, especially when the price is going down.

Seriously, your $100 now cannot make you billionaire but if you can gain good experience, then you can be the billionaire in the future. Or at least you may realize that this market is not for you somehow and if so, you still did not lose too much. People keep predict crazy future for coins price, that's their business. You're responsible for your money.

I want to hear your thought on my post. Good luck, people 🚀🚀🚀
#BinanceVietnamSquare

$ETHFI price is $6 now and it will continue increase. It may stop at 6.3 or 6.5 then cool down a bit.
Keep holding, $10 not too far 🚀🚀🚀

#BinanceVietnamSquare