Bybit’s cold wallet for ETH uses a multisig system, which means that any transaction requires more than one signature to be approved. This system is usually considered very secure. However, hackers were able to trick the people responsible for signing into approving a malicious change to the wallet’s smart contract, using a UI spoofing or transaction masking attack.
Beware of Celebrity-Backed Cryptocurrencies: Lessons from $HAWK
In December 2024, Hailey Welch, known as the “Hawk Toah Girl,” launched $HAWK on Solana. It skyrocketed to $500 million and then crashed to $25 million within minutes, causing massive losses.
Investigations revealed that 96% of the supply was in the hands of a single group, and 89 wallets sold everything at once, suggesting a “pump and dump” scheme. When the truth came out, Welch denied it and then disappeared, claiming she was “tired.”
🚨 Lessons learned: ✅ Don’t trust celebrities – hype doesn’t mean legitimacy. ✅ Check the distribution of tokens – are most of them owned by one wallet? Beware! ✅ Don’t invest because of FOMO – emotional thinking can cost you money.
"Do you always feel like the market is moving against your decisions? 🤔📉📈"
🔹 When you sell, the price goes up → This happens when people sell at the bottom due to fear, then the market goes back up because big investors buy at the dip.
🔹 When you hold, the price stays stable → This happens when the market is in a consolidation phase, where there is no strong pressure to sell or buy.
🔹 When you buy, the price goes down → This happens when people buy due to FOMO (fear of missing out) at the tops, then the market starts to correct because whales take their profits.
✅ The solution? Think like a smart investor Buy when fear is in control and people are selling, and sell when greed is at its peak and people are buying like crazy. 🔥
1. Focus on small and medium cap coins These coins have the potential to grow more compared to large coins like BTC and ETH. Look for strong projects with low prices.
2. Invest in long-term projects Look for coins with a clear vision and a strong team. If your budget is small, holding for a longer period may double your investment.
3. Take advantage of the Staking or Savings feature Even with a small capital, you can grow your investments by subscribing to Binance Earn to earn daily or monthly interest while holding your coins.
4. Don’t be affected by daily fluctuations The market is constantly fluctuating, don’t let small drops worry you. Keep calm and focus on the long term.
5. Invest regularly (Dollar-Cost Averaging) Even if you have a small amount, buy fixed amounts of the coin you trust every period (weekly or monthly). This method reduces the impact of market fluctuations.
Golden Tip: Patience is the key to success. With a small amount and a clear plan, you can make big profits in the long run!
1. Start with a Small Amount If you are new to trading, do not start with a large amount. Start with an amount that you can afford to lose, and learn how to read the market and make informed decisions.
2. Understand the difference between trading and investing Short-term trading requires careful monitoring of the market, while long-term investing depends on holding currencies for longer periods. Determine your strategy based on your goals.
3. Learn Market Analysis Learn about chart analysis and patterns such as support and resistance and technical analysis indicators. Knowledge is the basis of success in trading.
4. Do not follow the crowd blindly If you see a lot of people rushing to buy a currency, think carefully before joining. Entering too late is often a cause of loss.
5. Enable Security Features On Binance, enable two-factor authentication (2FA) and make sure to use a strong password. Security is key to keeping your money safe.
Always remember: do not trade what you cannot afford to lose, and invest in your education before your money!
5 Common Trading Mistakes Success in trading depends not only on the strategy, but also on avoiding the mistakes that traders make, whether they are beginners or experienced. Here are 5 common trading mistakes:
1. Trading without a plan Having a clear plan is essential to achieving success in trading. Many traders enter the market without a plan, which leads to losses. A trading plan should include entry and exit points, stop loss, and risk management.
2. Taking too many risks Some people seek to make quick profits by taking too high risks, which is the main reason for losses. It is best not to risk more than 1-2% of the capital in each trade to maintain the account.
3. Making emotional decisions Making hasty decisions due to panic during market fluctuations can be dangerous. Instead of trading under the influence of greed or fear, always stick to your plan.
4. Lack of sufficient knowledge of the market A deep analysis of the market and knowledge of multiple factors such as news, time frames, and chart patterns are essential before entering any trade.
5. Neglecting Capital Management Even with a good trading plan, neglecting capital management can lead to significant losses. Always make sure to set the appropriate risk ratio and not put all your capital in one trade.
Remember that trading is not a random adventure, it requires discipline and knowledge.
Maximizing Your Gains During Altseason: Avoiding FOMO Made Simple
Altseason can be exciting, but it’s also a time when emotions, especially FOMO (Fear of Missing Out), can lead to poor decisions. Here’s a simple guide to stay ahead and make the most of it: --- 1. Understand How Altseason Works Altcoins pump in phases. Some coins pump aggressively, while others stay quiet. Jumping from one coin to another out of FOMO often leads to losses. You’ll sell low and buy high. --- 2. Build a Strong Portfolio Diversify wisely: Majors: Established, safer coins (e.g., ETH
The Market is Testing You, But There's a Lesson in Every Challenge
December and early January have been tough, with the market going through a correction. But now, we’re seeing a strong bounce and the potential start of a new bullish wave. Some altcoins are already making new highs! However, many panicked and sold at the bottom or didn’t have capital to buy the dip. This highlights some key lessons we can all learn:
1. Focus on High Timeframes High timeframes like daily or weekly charts give you a clearer picture of trends, while low timeframes are full of noise. Stick to the bigger picture.
2. Ignore the Noise Sensational headlines and countless opinions are distractions. Stay focused on your strategy and analysis.
3. Risk Management is Essential Volatility is part of the game. Only invest what you can afford to lose, use stop losses, and diversify to protect yourself.
4. Adapt to Market Conditions Markets are always changing. What worked before may not work now, so be flexible and adjust to the current circumstances.
5. Corrections Are Healthy Corrections reset momentum, shake out weak hands, and create opportunities for those who are prepared. Don’t fear them; use them to your advantage.
6. Trust Your Analysis, Not Your Emotions Emotional decisions often lead to buying high and selling low. Stay disciplined and stick to your plan.
7. Build a Strong Mindset The market will test your patience and emotions. A strong mindset helps you stay focused and consistent through the ups and downs.
8. Adversities = Opportunities Challenges teach us valuable lessons. Don’t see them as setbacks but as chances to grow and improve.
Remember, the market rewards those who are prepared, disciplined, and patient. Keep working on your skills, trust the process, and help others by sharing what you’ve learned.
Let’s make 2025 a year of growth and success together!
1: Axie Infinity(AXS) Dynamic Gameplay Current price: $6.18 Market cap: $972.14M Axie Infinity allows players to play and earn simultaneously: players can buy, sell, breed and fight for Axies. Axie is an individual non-fungible token characterized by unique traits that enhance scarcity. Governance is included in the game through Axie Infinity Shards (AXS) to enable the holders of the game tokens to make decisions. Moreover, breeding Axies requires Small Love Potion (SLP) tokens and a small Eth
The crypto world is abuzz with claims that the UAE holds $40 billion in Bitcoin. However, analysts, including Bitcoin Archive, point out the lack of concrete evidence to support this figure. In contrast, reports suggest the UAE may hold $210 million worth of #Bitcoin , aligning with the country's growth in crypto adoption and its booming economy, especially in sectors like precious metals and startups.
Between 2023 and mid-2024, the UAE saw a $34 billion inflow into digital assets, a 42% increa
#BONK is currently trading at $0.00003174 but could experience a 100% price surge that reaches $0.00006348 in 2025 if positive market conditions persist in early 2025. This could be its new all-time high after its previous one in March 2023. The projected increase in BONK’s price is not strange, as it has always demonstrated a strong upward trend, with a recent 50.92% increase in value that demonstrated its potential for growth despite all of its previous corrections.
For traders targeting more short-term gains, there could be a continued upward trend in BONK that could lead to reasonable gains, even before the end of 2024. However, earlier in 2025, BONK may stabilize between $0.000036 and $0.000043, which could mean a potential ROI of 95.5%. In the coming years (beyond 2025), BONK could reach higher prices (as high as $0.0204), but it heavily relies on community engagement and market dynamics.
Recent fluctuations in Bitcoin prices have sparked worries among traders, leading to increased selling activity within the broader cryptocurrency market. Some experts are forecasting that Bitcoin could potentially dip below the $80,000 mark as market sentiment continues to erode.
The day crypto newbies understand this image, we certainly won't see this bleeding. Were there people who lost a lot of money and sold their positions? It's natural selection doing its job!