6 Years of 'Playing' Crypto, Losing Hundreds of Thousands USD: 10 Lessons I've Learned
I have been involved in the crypto market for over 6 years... These are the painful mistakes I have made, so you don't have to go through it yourself 🧵 Learn from my scars, don't let your body suffer that pain. 🧠 1. Follow the Green Candle I bought BTC at 20,000 USD in December 2017, then watched it drop to 6,000 USD. → FOMO is the biggest enemy. The market rewards patience, not chasing news or hype.
With 8 years of experience in playing with coins and those times of losing big since 2019, I draw lessons for you all as follows: - If you need money and want to get rich quickly, 100% you will die first. - Meme coins and small altcoins are only suitable for quick trades; anyone who gets pumped into thinking to hold to die because they will see it 100 times in the future, only BNB, ETH, and BTC can be held for the long term. - When the altcoin market is such that anything you buy goes up, that means it's the peak distribution time and selling to get USDT. - USDT, when the market crashes hard, the price is very shocking; in 2021, when the dollar was around 24K, there were times when USDT was sold for up to 28K, meaning the trend is that holding USD is king. Many people hold billions of dong here without experience, and then they get wrecked in futures or spot if they don't understand the rules of the game; that's why you all should have a guide to participate or wait until you lose money to learn your lesson.
#CryptoIntegration Google has clarified its Play Store policy after facing backlash from cryptocurrency developers. The initial policy banned cryptocurrency wallets in the US and EU without a federal license, making no distinction between custodial and non-custodial wallets. This incident highlights the challenges of integrating decentralized technologies into mainstream application ecosystems. The company's response to developer feedback demonstrates how Web2 platforms are adapting to address the unique aspects of blockchain technology while still balancing innovation.
#CreatorPad Cryptocurrency in Panic: $1 Billion Has Vanished, Because Someone Said Three Words - PPI This week, something amazing happened: $1 billion was liquidated in just a few hours. All because the U.S. Producer Price Index, PPI, rose a bit more than expected. You heard that right. This is not an explosion at a mining farm, not a ban on bitcoin in some country, and not even a tweet from Elon Musk. It was simply a number that appeared in the report, and traders lost their minds. Bitcoin even managed to drop below $112,000, although just recently we were told that "it won't go below $100,000." Oh yes, for sure. And it was also said that coffee wouldn't get more expensive if wages increased at Starbucks.
#MarketTurbulence Cryptocurrency in Panic: 1 Billion Dollars Has Disappeared, Because Someone Said Three Words - PPI This week something amazing happened: 1 billion dollars was liquidated in just a few hours. All because the U.S. Producer Price Index, PPI, increased a little more than expected. You heard that right. This is not an explosion at a mining farm, not a bitcoin ban in some country, and not even a tweet from Elon Musk. It was simply a number that appeared in a report, and traders lost their minds. Bitcoin even managed to drop below $112,000, even though just recently we were told that “it wouldn’t go below $100,000.” Oh yes, for sure. And they also said that coffee wouldn’t be more expensive if wages increased at Starbucks.
#MarketGreedRising The fear and greed index in cryptocurrency has increased to 75, firmly in the "greed" zone and shows high optimism among investors. We can see that this growth is being driven by capital inflows from institutions and increasing acceptance within the community, indicating the potential to sustain higher price levels. However, the rapid increase in greed also raises concerns about the possibility of a correction, as extreme greed levels often precede short-term corrections in the past.
#ETHRally Opportunity for Creators: Share a prize pool of 100,000 USD in $TREE tokens! Create a post on CreatorPad today for a chance to receive rewards from a total prize pool of up to 100,000 USD in $TREE tokens. Top 300 creators: Share 70% of the prize pool. All eligible participants: Share 20% of the prize pool. Special: 10% of the prize pool will be awarded to the top 100 on the CreatorPad leaderboard within 7 days after the start. The main rewards will be sent to you within 14 days after the event ends. Don't miss out!
#DeFiGetsGraded Opportunity for Creators: Share a prize pool of $100,000 $TREE tokens! Create a post on CreatorPad today for a chance to receive rewards from a total prize pool of up to $100,000 $TREE tokens. Top 300 creators: Share 70% of the prize pool. All eligible participants: Share 20% of the prize pool. Special: 10% of the prize pool will be awarded to the top 100 on the CreatorPad leaderboard within 7 days after the start. The main rewards will be sent to you within 14 days after the event ends. Don't miss out!
#CreatorPad Opportunity for creators: Share a prize pool of 100,000 USD in $TREE tokens! Create a post on CreatorPad today for a chance to receive rewards from a total pool of up to 100,000 USD in $TREE tokens. Top 300 creators: Share 70% of the prize pool. All eligible participants: Share 20% of the prize pool. Special: 10% of the prize pool will be awarded to the top 100 on the CreatorPad leaderboard within 7 days after the start. The main rewards will be sent to you within 14 days after the event ends. Don't miss out!
$ENA No need to be famous, still earn $10/week from crypto? CreatorPad is open for you!" In the Web3 world, you don't need to be a KOL or influencer to make money from content. CreatorPad – a new platform from Binance – is offering everyone the opportunity to create crypto content, even if you only have a few hundred followers.
#CFTCCryptoSprint No need to be famous, still earn $10/week from crypto? CreatorPad is open for you!" In the Web3 world, you don't need to be a KOL or influencer to make money from content. CreatorPad – a new platform from Binance – is giving everyone the opportunity to create crypto content, even if you only have a few hundred followers.
#CreatorPad No need to be famous, still earn $10/week from crypto? CreatorPad is open for you!" In the world of Web3, you don't need to be a KOL or influencer to make money from content. CreatorPad – a new platform from Binance – is giving everyone the opportunity to create crypto content, even if you only have a few hundred followers.
#ProjectCrypto Today, the cryptocurrency market is shifting its attention to a new and promising project: CreatorPad with the native token $CPAD. This is a pioneering platform that acts as an exclusive launchpad for content creators, helping them release exclusive tokens, NFTs, and raise funds directly from their community.
#CreatorPad Today, the cryptocurrency market is shifting its focus to a new and promising project: CreatorPad with the native token $CPAD. This is a pioneering platform that acts as an exclusive launchpad for content creators, helping them release exclusive tokens, NFTs, and raise funds directly from their community.
#CreatorPad is a monetization and interaction platform integrated into Binance Square, Binance's global social media hub. This platform rewards cryptocurrency content creators for producing quality, insightful, and authentic articles instead of high-volume or low-effort content, helping projects connect with the engaged audience. is a monetization and interaction platform integrated into Binance Square, Binance's global social media hub. This platform rewards cryptocurrency content creators for producing quality, insightful, and authentic articles instead of high-volume or low-effort content, helping projects connect with the engaged audience.
#CryptoClarityAct BNB price aims for new highs The price of BNB reached 809 dollars today after a 16% increase over the past week, marking a new all-time high and is currently stabilizing around 783 dollars. Recent fluctuations indicate strong upward momentum, opening up the possibility for continued growth in the near future.$BNB BNB
$BNB BNB price heads towards a new increase The price of BNB has reached $809 today after rising 16% in the past week, marking a new historical peak and is currently stabilizing around $783. Recent fluctuations indicate strong upward momentum, opening up the possibility for continued growth in the near future.$BNB BNB
$BNB The cryptocurrency market has risen for two consecutive days, with the NFT sector leading in the past 24 hours with a 9.62% increase. Pudgy Penguins surged by 20.98%, while sectors such as AI, Layer 1, and DeFi also saw simultaneous increases. The NFT market has regained attention, which may signal a recovery of digital collectibles and the concept of the metaverse. 💬 Is the strong recovery of the NFT sector just a fleeting phenomenon, or is it a leading indicator for a new bull run of digital assets? Share your thoughts!