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Market Movers: $AERGO , $CVC , $PHA , #STEEM , #AUCTION , and #STPT in the Red ..
The cryptocurrency market has witnessed significant pullbacks in some altcoins, with AERGO leading the losers' chart, down 24.37%, trading at $0.1347. Similarly, CVC has plunged 20.65%, now priced at $0.1868. Both coins have experienced heavy sell-offs, breaking below critical support levels, signaling bearish sentiment. These moves highlight the volatility in the altcoin market as traders take profits or react to market conditions.
Other notable decliners include PHA (-8.71%) at $0.3721 and STEEM (-7.21%) at $0.2470, which are now nearing key support zones. AUCTION and STPT have also faced declines, losing 6.91% and 5.77%, respectively, but remain within consolidation ranges. Investors should watch for potential recoveries or further breakdowns, as these coins might present short-term trading opportunities depending on volume and market sentiment.
#LoseroftheDay #MicroStrategyStockSale
The cryptocurrency market has witnessed significant pullbacks in some altcoins, with AERGO leading the losers' chart, down 24.37%, trading at $0.1347. Similarly, CVC has plunged 20.65%, now priced at $0.1868. Both coins have experienced heavy sell-offs, breaking below critical support levels, signaling bearish sentiment. These moves highlight the volatility in the altcoin market as traders take profits or react to market conditions.
Other notable decliners include PHA (-8.71%) at $0.3721 and STEEM (-7.21%) at $0.2470, which are now nearing key support zones. AUCTION and STPT have also faced declines, losing 6.91% and 5.77%, respectively, but remain within consolidation ranges. Investors should watch for potential recoveries or further breakdowns, as these coins might present short-term trading opportunities depending on volume and market sentiment.
#LoseroftheDay #MicroStrategyStockSale
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Lessons for Beginners: Losing in Cryptocurrencies
If the cryptocurrency falls below the price you bought it at but you do not sell it, the loss remains theoretical or unrealized. This means that you have not actually lost money yet, because you did not sell the currency at a lower price than you bought it.
A loss actually occurs only when you sell the cryptocurrency at a price lower than the purchase price. As long as you still hold it, you have a chance that the price will rise again in the future, and you can make a profit if the price rises above the purchase price.
A loss actually occurs only when you sell the cryptocurrency at a price lower than the purchase price. As long as you still hold it, you have a chance that the price will rise again in the future, and you can make a profit if the price rises above the purchase price.
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