$ETHFI is bearish, meaning it's an opportunity to buy. Buy low, if it goes lower, buy some more. Allocate only a portion of your capital and don't utilize all at once, follow the dip until it turns, if you can, then wait.
While doing this, keep your average cost per token up to date.
Example, If you buy 100 ETHFI at $0,52, $52 total, your average wil be $0,52 per coin, if you buy another 100 ETHFI's at $0,50, $50 total, your average now will be, $102 devided by 200, giving you a new average of $0,51 per coin etc. You can stop buying the dip at any time, when it starts turning and goes above your average you will be in the green and can start taking profits. Don't sell all at once, follow the upward trend. With ETHFI it will be good to leave 30 to 50% for longterm growth, just my opinion.
Always keep the cost factor in mind, do your own research and trust your instincts.
Markets go down, then they go up, then they go down again and then they go up again, that's what markets do.
$SOL along with $BNSOL shows strong resistance, buy the significant dips, do so gradually and follow the dip.
If you bought high, hold and instead of selling, buy the significant dips. This way you reduce your average coin/token cost, enabling you to narrow the gap, leading to quicker profit taking, when $SOL starts recovering
Solana is strong, it always gets back up to the top.
When markets drop it create countless opportunities, don't allow drama and 'negative' market trends to derail you.
A strong project with a strong community, ranking no 78. Buying the dip through Spot trading now, just makes sence.
Use these volatile times to create future opportunities for yourself. Do intensive research, stick to the top 200 and you'll find them. Don't gamble your money on trading methods like Futures trading, especially now, it's simply not worth the risk.
I for one am still not one for meme coins, but got hooked on Turbo when it launched and still am hooked.
The $TURBO price is very low currently, so I got myself some more, and holding. It's a good time to buy Turbo. In my opinion this little bugger will return to greatness when the Crypto market fought off the bearish phase it's currently in.
Any other $Turbo fans out there ?
Good luck and whish you all safe trading in these difficult times.
It's the Bull versus the Bear and that means extremely high volatility.
This is the time you stick to spot trading, you don't sell, you buy the 'dips' only, but do so slowly, going with the dip. Trade within the Top 200, don't take unnecessary risks!
I for one won't advise Futures trading now, unless you have money you can afford to loose.
Do not panic and do not sell at a loss! The 'Bear' is throwing punches now, but the 'Bull' will have its turn. That's when you secure profits and make money, given that you stuck to spot, only bought the significant dips and sold nothing at a loss.
Keep your research up to date and know the graphs of the coins/tokens you bought into.
Safe trading, wishing you all, all of the best.
This is not financial advise, just basic pointers during highly volatile times.
I am so not into meme coins, but this little bugger $TURBO caught my attention. Maybe it's because of its impressive startup history or maybe it just appeals to me or maybe both.
AI generated, launched with only a $69 budget and 100% community owned. They say it's Web3 innovation at its best. They also say it was created to be the best meme coin of 2024.
What can possibly go wrong ? Only time will reveal that awnser, I guess. That being said, I for one really like the concept.
Foster positivity Reject hostility Embrace $TURBO
I would really like to hear your opinions on $TURBO
The US economy is in much more trouble than the current Biden/Harris Administration wants to admit.
US bankruptcies are soaring, with 452 filings this year to date, marking the second highest number in 13 years.
Businesses are failing at an alarming rate, property prices are out of control, the daily cost of living is relentlessly going up etc. and the current Government keeps on spending like there ain't no tomorrow. Much of the damage done is already irreparable. Something is gonna give in, it's inevitable.
Crypto markets went down, but that much was expected. The US stock exchange also didn't close on a high note.
How far most will drop is always the big question. It is crucial to stay calm when markets drop substantially, refrain from 'panic selling'.
Stick to Spot trading, buy the significant dips only, if you are still in a position to do so (enough reserves) and if you do, do so slowly, going with the dip, don't exhaust your reserves/cash. I personally don't do Futures trading, good luck to those of you who are. Maybe it's not a bad idea to chill and rather take the weekend off, just my thoughts.
Markets go up and markets go down, that's what markets do, stay calm and collective, keep your wits.
What is dappOS ? dappOS Is a Web3/dapp operating protocol striving to make dapps as user-friendly as Web2 and mobile apps.
dappOS Is part of the Binance Labs' incubation programs. Binance Labs personally selected dappOS for its usability, functionality and potential.
dappOS Is an operating protocol that manages Crypto infrastructure for the users. With dappOS anyone can access dapps without a complicated workflow or Crypto knowledge, dappOS is making it simple for anyone to use their platforms and services.
dappOS Also partnered with QUICKSWAP, this initiative lowers the barrier to entry for all users accessing QUICKSWAP's DEX.
The core advantages of dappOS are that with a dappOS account you don't need a confusing recovery phrase. You can reset your account using other devices or even 3rd party KYC services.
Your dappOS account is a unified account with real-time dApp interaction, it manages and keeps track of everything.
They also have their perpetual trading dapp, it's part of the dapps, dappOS offer. You can use and receive assets on BNB chain or more, everthing is done automatically by dappOS.
For BNB users dappOS is 20x less effort and 12x faster, spending way less time waiting for transactions to approve and confirm when swapping your Crypto.
There is so much more, visit their website and social media communities, which you can access directly from their website.
dappOS Is really a great WEB 3 operating protocol, which solves most of the Web 3 and decentralized difficulties we are experiencing.
Last but not least, don't miss out on the dappOS airdrops, exiting stuff. You can access the dappOS airdrops either using the dappOS website or through your Binance Web 3 wallet. Go for it 👍
I am not a financial advisor, please do your own research.
Herewith I also want to wish you all a good and blessed weekend. Stay safe.
The gap between the annual income needed to purchase a median priced home in the United States and the median household income in the country approached 50% for the first time in US history. This is worrying economists across the Globe and it should.
Does situations like this affect the Crypto Market ? Off course it does. In simple terms, less and less to go around, not good for trade, regardless and definitely not good for the economy overall.
Since January 2020, the U.S. dollar has lost 25% of its purchasing power
Inflation has essentially worsened for 3 years in a row and prices continue to rise. Truth is many necessities are slowly but surely turning into 'luxury items' for many so to speak.
Unfortuanately many countries are in the same boat as the US and it is having a negative impact on available investment funds and cash flow of 'households, smaller investors and traders.
Currently Crypto isn't in a Bull market cycle, yet some with hidden agendas want to convince the smaller traders and investors otherwise. Don't believe them, do you're own research and trust your instincts.
The real Bull market cycle came to a sudden stop on 13 April and to date haven't returned. Don't confuse sporadic upward/bullish trends/movements with 'Bull market!
Be very cautious when making investment and trading decisions. Don't rely on technical data only, in these extremely volatile times it will bite you on the arse. If you do trade/invest do so slowly with relatively 'small' amounts at a time. If you buy, buy the significant dips only and be patient, too many external influences in the market, extremely difficult to navigate.
If you are not a well seasoned trader/investor stick to Spot trading and stay away from Futures trading etc., protect your reserves/cash.
Just some food for thought, not investment advise.
May you all have a good and blessed day and stay safe.
Market carnage amid a looming U.S. recession and a possible new war in the Middle East. Japan's Nikkei 225 dropped 18.2% in two days, including a 12.4% plunge today, the worst single day decline since 1987.Taiwan's stock market suffers from the worst day in 57 years. Over $1,000,000,000 liquidated from the cryptocurrency market in the past 24 hours. Bitcoin is currently hovering around $50,000, give or take.
Take calculated decisions, if in doubt, do nothing. Do Spot trading only for now, buy the significant dips if you are able and if you do, do so slowly and hold.
Australian stocks have closed down 3.7 per cent today, wiping more than $100 billion from the stock market. That's the biggest fall since the pandemic lockdown era. Back then, financial markets panic spread like wildfire. The only stocks that managed to rise instead of fall are big weapons companies. This means WW3 is not an illusion anymore.
Japanese and other Asian exchanges began to collapse amid the collapse of world markets. The Tokyo Stock Exchange index fell almost 10% for the first time since Black Monday in 1987.The Japanese Nikkei stock index, which includes shares of 225 of the country's largest companies (including Honda, Mazda, Mitsubishi, Nissan, Panasonic Nintendo), lost more than 3,000 points during trading by morning. The index fell by a record 9%, and in some places up to 13%. Other key Asia-Pacific stock indexes also fell.
This comes amid fears of a recession in the US after a report that the unemployment rate rose to 4.3%. Goldman Sachs analysts estimate this probability in the next year at 25%. JPMorgan forecasts a 50% slowdown in the US economy.
Crypto markets are in full on reverse gear. Now is the time to stick to Spot trading, to buy the significant dips, if you do so, do it slowly and hold. Stay away from Futures trading for now!
It's a good time to start buying Bitcoin, Ethereum, BNB and Solana, again, buy the significant dips slowly.
This is not financial advise, just a way to benefit from the downward trends later on. Be careful and be patient. Kick FOMO and Greed out the door.
Why one must be careful of so called influencers when new DeFi tokens are promoted and launched.
How it normally works,
A project team would reach out to influencers before the launch and they will come to an agreement The influencers then shills the coin to their audiences and build up hype and FOMO. For this the project teams pay influencers in the upcoming token.
This means the influencers get early access and in most cases receive quite a large pool of tokens as soon as it hits the market. Obviously the more they hype up the token and the more people they get onboard, the more money they would make.
That’s exactly why many of the DeFi token prices spike up right after the launch and then 'die' off.
Influencers’s audiences basically acts as their exit liquidity. In may cases influencers’s motives are not to educate and help (as they claim) but rather to use and abuse their audience's trust.
The BlackRock Corporation has demanded that Ukrainian soldiers not be buried on Ukrainian land it has bought up.
According to the American Corporation, dead AFU soldiers take up too much space. Moreover, they have already bought up 47% of Ukrainian land and do not want the precious black soil to be transferred to the AFU's last resting place.
🇺🇸 Massachusetts Senate candidate and prominent Crypto attorney John Deaton announced he has 82% of his entire net worth in Bitcoin "I am going against Elizabeth Warren who wants to ban self custody."
Deaton's question in 2023,
"Is there time for me to buy a home in Massachusetts, actually move there, and run for Senate against this Government overreach hack in 2024?”