The Binance effect on #TRUMP

Everytime a new coins gets released on Binance, it seems a lot of people jump on the train expecting huge gains, which happened with Trump coin yesterday. You see post after post of people buying into the hype, while others are exiting from their purchase prior to getting listed.

The following day post after post is I lost all my money on this coin it's a scam. This usually happens close to the price bottoming out, well surprise this is when the people that originally bought in start putting some profits back in.

I myself did buy in yesterday, but caught the dip at about $24, I was selling at max hype taking out my original investment plus some profits.

This morning, everyone has gone broke and are probably scared of crypto, and you should be. You probably lost a big chunk of money.

When I woke up, I noticed the price leveling out and changing directions as most people have probably exited, already taking losses with them. Well, guess what? I was able to redeploy my gains back in, in increments to catch an average of about $35.50 deploying about 20 Sol, which I made off of the coin everyone is calling a rug.

The president didn't rug his coin. In fact, they are very transparent on when they will be selling back into the market, with the first tranche starting in 3 months. The first tranche is actually quite small and the largest one being in about 3 years.

Moral of the story is be patient and watch the trends, don't buy the hype, buy the blood from the streets when the pain is the loudest and don't put your whole wad in at once, buy in bits to average in. It's not about getting the absolute bottom, it's about making sure you have enough integrity to prevent buying into the next big drop.