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$ETH Ethereum has had a tough few weeks, failing to sustain its upward momentum as rivals like Solana gain ground. After peaking at $4,100 last month, Ethereum has slipped into a steady downtrend, currently testing critical support near $3,190. Short-term technical indicators are pointing to a bearish bias. A daily close below $3,290 reinforces the possibility of Ethereum retesting $3,190. If sellers break this level decisively, the cryptocurrency could slide towards $3,000, in line with the Fibonacci retracement levels. On the upside, buyers need to reclaim $3,380 to break the downtrend. A sustained move above this resistance could lead to a rally towards the $3,600 region, paving the way for a potential breakout to $4,500
#ETHProspects Ethereum has had a tough few weeks, failing to sustain its upward momentum as rivals like Solana gain ground. After peaking at $4,100 last month, Ethereum has slipped into a steady downtrend, currently testing critical support near $3,190. Short-term technical indicators are pointing to a bearish bias. A daily close below $3,290 reinforces the possibility of Ethereum retesting $3,190. If sellers break this level decisively, the cryptocurrency could slide towards $3,000, in line with the Fibonacci retracement levels. On the upside, buyers need to reclaim $3,380 to break the downtrend. A sustained move above this resistance could lead to a rally towards the $3,600 region, paving the way for a potential breakout to $4,500
Robert Kiyosaki’s philosophy of using debt to buy assets, such as real estate or businesses, aligns with the concept of leveraging borrowed money to build wealth. The idea is that the income or appreciation from the asset should outweigh the cost of the debt, allowing the borrower to profit.
Pros of this strategy:
1. Potential for High Returns: If the asset increases in value or generates income (e.g., rental properties), the returns can exceed the cost of borrowing.
2. Tax Benefits: In many countries, interest on debt used to buy income-generating assets is tax-deductible.
3. Hedge Against Inflation: Borrowing at a fixed rate while asset values rise can be advantageous during inflationary periods.
Cons of this strategy:
1. Risk of Overleveraging: If the asset loses value or fails to generate expected income, the borrower still has to repay the debt.
2. Economic Uncertainty: In volatile markets, leveraging can amplify losses.
3. Debt Servicing: High debt repayments can strain cash flow.
It’s a strategy that works best for those with a strong understanding of asset markets, risk management, and cash flow. Without proper planning, it can lead to significant financial strain.
Would you consider adopting such a strategy, or do you prefer a more conservative approach?
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Mr Whitehall_Ibanga
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Ignore the noise, focus your strength on the Dump
History tells us that after each US Presidential inauguration, Altcoin market pumps and in the Financial Market, history is fond of repeating itself.
With 9 days left to the D-DAY, the market keeps getting volatile and shaking off weak hands while Bitcoin keeps a strong Resistance at $92k over the last few days.
Investors are getting set, and now is the best time to make your money work for you.
Remember the Days prior to US Election of 2024? We have curated a list of Altcoins that are worthy of your investment. Go check them out in our Telegram Channel (Search the name below) ▶️Whitehall Tech Enterprise
Don't be left behind! This is a Crypto Year indeed.
$BTC Welcome, my dear brother, to the beautiful topic. Please fill your brain with some focus. Buy and sue me if the market collapses during the next month.
#NFPCryptoImpact Hello everyone, the market is starting to regain its consciousness and I think it will continue to rise and explode when Trump arrives in the White House
This is the link to the word of the day https://safu.im/yY2ZWQY8 The word of the day is change Click here to get the word of the day game or open the link
Welcome and peace be upon you all. The digital currency season will start soon. Let us prepare for it now and start preparing to keep our currencies. $SOL #USJoblessClaimsDrop
#CryptoMarketDip #CryptoMarketDip Why is the whole market red? My personal opinion, I don't want to convince anyone, but it seems to me that all this is due to Donald Trump's crazy statements. About Canada and its annexation under the pretext of China, Russia, etc. And if you also read his interview yesterday about Greenland and the Panama Canal, you have to understand that this does not pass without leaving a trace. In my opinion, cryptocurrencies are the most news-sensitive business sector. So we have been seeing all this fall since the evening I think the world of politics, news and gossip has an influential role on cryptocurrencies by more than 50% Good luck to everyone
#BinanceMegadropSolv Binance has launched the Megadrop Solv program to boost mining rewards by 20%. The program aims to enhance network security and incentivize miners. This announcement is an important step towards promoting decentralization and improving network efficiency.
$NEIRO This currency, if you don't know how to deal with it, will make you beggars. You must exchange, brothers. As for me, I am an investor with a small amount. You must exchange. Do not cling to one currency. In the next post, I will explain how to profit with intelligence and evasion... If you care about the matter, like and then