I can hardly believe it, but I’ve just reached $30,000 USDT in my crypto account, starting from just $20! This journey has had its challenges, but I’ve discovered that with patience and a solid strategy, anything is possible.
How It All Began
Starting with just $20, I was skeptical about making a real impact in the crypto space. Nevertheless, I committed to my strategy, invested time in research, and made sure to analyze each trade before jumping in. As I mentioned in my previous blog, I accepted my small mistakes as valuable learning opportunities. My initial trades may not have yielded huge profits, but they were crucial in building a foundation for my future success.
Key Strategies
Compounding my earnings has been one of the most effective strategies I employed. Instead of cashing out my profits right away, I chose to reinvest them. When my $20 grew to $200, I saw it as a stepping stone rather than a reason to celebrate. Many new traders make the mistake of taking profits too early, but I learned the value of patience.
Diversification was another critical strategy. Instead of putting all my money into one coin, I spread my investments across several promising projects. While some didn’t perform as expected, others exceeded my expectations.
Learning from Mistakes
My journey wasn’t without its pitfalls. I’ve made emotional decisions that led to losses. For instance, I once jumped into a trending coin purely because it was gaining attention on social media, only to watch its value drop significantly. This taught me to stick to my strategy and avoid getting caught up in market hype.
My Takeaway
The crypto market can be incredibly volatile, which can lead to stress and anxiety. However, the key to success lies in patience. There were times when my portfolio seemed to plummet, but I held my positions and waited it out. In the end, those investments turned into significant profits. Trust the process, and don’t let fear drive your decisions.
Now that I’ve hit $30,000 USDT, I’m setting my sights on further growth, but with an even more strategic approach. Yes, the crypto market carries risks, but for those who can handle the ups and downs, the rewards can be substantial. I’ll keep you posted on my reinvestment plans and how I intend to build on this success. I promise to share all my experiences—both the triumphs and the lessons learned—so you can benefit from my journey.
For anyone starting with a small investment, remember: don’t lose hope! If I can turn $20 into $30,000, you can too. Keep learning, stay patient, and don’t let the fear of failure stop you. A post from beeta 🎉 #moonbix #NeiroOnBinance #DoYouHoldBNB
🚨 The Dutch Man Who Bet Everything on Bitcoin – A Life-Changing Gamble or Reckless Risk?
In 2017, Didi Taihuttu took the world by storm when he sold his house, car, and nearly all his possessions to invest entirely in Bitcoin. Many viewed this move as reckless, especially given the notorious volatility of the cryptocurrency market at the time. As Bitcoin was still navigating its unpredictable early days, Taihuttu remained steadfast in his belief that this digital currency was the key to the future.
💡 Against All Odds: Believing in Bitcoin’s PotentialDespite concerns from family and friends who thought he had lost his mind, Taihuttu stayed committed, understanding that significant rewards often come from taking substantial risks. The wild fluctuations of Bitcoin tested his resolve, yet he remained confident that he was investing in the next major financial revolution.
🚀 From Skepticism to Financial IndependenceBy 2020 and 2021, Taihuttu’s gamble proved to be a remarkable success as Bitcoin’s value soared. His family's wealth increased dramatically, allowing them to transform their lifestyle. Instead of settling down, they opted to travel the globe, living off their Bitcoin gains and relishing the freedom it provided.
⚠️ From Madman to Crypto PioneerWhat once appeared to be madness is now regarded as a visionary strategy. Taihuttu’s journey has inspired those daring enough to believe in the power of digital currencies. His experience highlights that taking bold risks can lead to extraordinary rewards—provided you possess the patience and foresight to see it through.
Let’s break down how sellers attempt to scam buyers.
First, a seller posts an advertisement featuring an attractive price with a small amount. The low price entices many buyers to place orders.
Once the buyers pay, the seller releases the asset. Here’s where the scam begins:
After releasing the asset, the seller sends a message saying, “If you want more USDT at this great price, please contact me on Telegram or WhatsApp.”
Enticed by the low price, buyers often connect via these third-party messaging apps. The seller claims they can’t deal with Binance due to tax regulations, suggesting that buyers pay directly to their account so they can transfer the asset to the buyer’s Binance address.
Many buyers are unaware of this scam, and they end up making the payment. Afterward, the seller blocks them on all platforms.
Important to Note: - Binance will not assist because the transaction was not made through their platform.
Key Takeaways: 1. Never connect via third-party messaging apps. 2. Once payment is made, do not cancel the order. 3. Never send payments to a third-party account.
20 Crypto Assets Poised for a Rally Based on Sentiment Analysis from Leading Analytics Firm
According to the crypto analytics platform Santiment, there are 20 digital assets that show strong potential for an upcoming rally, identified through a significant sentiment metric.
In a recent post on the social media platform X, Santiment highlighted that these assets are currently experiencing a notable amount of negative public sentiment on social media. Among them are the decentralized oracle network Chainlink (LINK) and the smart contract platform Ethereum (ETH).
The firm suggests that this prevailing negative sentiment may indicate a forthcoming surge in these digital assets.
“Chainlink, Ethereum, Bitcoin, Solana, and XRP are currently the assets attracting the most negative attention during this mild crypto downturn. Historically, coins that face the most bearish narratives often have the greatest potential for recovery.”
Santiment’s list of the “20 best candidates” for a bullish turnaround includes:
Santiment elaborates on its methodology for compiling this list, stating, “Weighted Sentiment is an adjusted metric that combines the social volume of an asset across various platforms, including X, Reddit, Telegram, 4Chan, and Bitcointalk, and is calculated by multiplying this volume by the ratio of positive to negative comments related to that asset.”
Additionally, the market intelligence platform notes that recent activity in Bitcoin suggests a potential rally for the leading cryptocurrency.
“Our metrics reveal a significant increase in dormant Bitcoin activity, alongside $37.4 billion in on-chain volume on Tuesday, the highest level seen in seven months. Historically, when stagnant BTC returns to circulation, it bodes well for future price movements.”
As of the time of writing, Bitcoin is trading at $60,734, down more than 2.3% over the past 24 hours.
Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) has intensified as CEO
Ripple's Ongoing Legal Battle with the SEC
Ripple's legal dispute with the U.S. Securities and Exchange Commission (SEC) has escalated as CEO Brad Garlinghouse openly criticized the agency's regulatory tactics. He accused the SEC, led by Gary Gensler, of favoring a regulation-by-enforcement approach instead of establishing clear guidelines for the industry.
In a strategic move, Ripple has filed a cross-appeal to challenge unresolved legal issues, specifically regarding the classification of XRP as a security. Stuart Alderoty, Ripple's General Counsel, stated that this cross-appeal aims to clarify significant legal questions. Ripple asserts that XRP should not be considered an “investment contract,” a point they believe the SEC has not adequately addressed. Alderoty also highlighted that the SEC is unable to sue Ripple over XRP sales on exchanges as securities, marking a notable setback for the agency.
Ripple's strategy seeks to establish a clear legal framework, ensuring that XRP is not classified as a security. The outcome of this legal battle could have far-reaching implications for Ripple and the broader cryptocurrency landscape.
Recent Developments: - Ripple Labs faces a $2 billion demand from the SEC regarding XRP sales. - The company has requested the court to deny the SEC's motion for an interlocutory appeal. - In related news, Bitnomial has taken the SEC to court over XRP futures regulation. - Charles Hoskinson has reacted to Tron founder Justin Sun becoming the Prime Minister of Liberland. #Ripple💰 #XRPGoal #USRateCutExpected
Investing in Solana (SOL): A Journey from $1,000 in April 2020
If you had invested $1,000 in Solana back in April 2020, here’s a snapshot of how your investment would have evolved:
2020 - April: - High: $0.95 - Investment: 2,000 SOL
- August: - High: $4.85 - Value: ~$9,700
- December: - High: $2.89 - Value: ~$5,780
2021 - April: - High: $49.58 - Value: ~$99,160
- September: - High: $213.47 - Value: ~$426,940
- November: - High: $259.96 - Value: ~$519,920
2022 - April: - High: $136.57 - Value: ~$273,140
- September: - High: $39.88 - Value: ~$79,760
Conclusion At its peak in November 2021, your $1,000 investment would have soared to approximately $519,920. However, following significant market corrections in 2022, the value saw a sharp decline, underscoring the volatility inherent in cryptocurrency investments. While Solana and other cryptocurrencies present significant opportunities for profit, they also carry considerable risks.
URGENT BREAKING NEWS: Misinformation Alert Regarding Pi Coin! 🚨⚠️
There has been a wave of misleading reports claiming that Pi Coin is listed on major exchanges like Binance and trading at prices exceeding $35.77. However, the truth is that Pi Network is currently in its Enclosed Mainnet phase, and any trading of Pi coins on exchanges is unauthorized.
The Pi Network has clearly stated that Pi is not officially listed on any exchanges, and trading during this phase is strictly prohibited. Claims of Pi reaching such inflated prices or significant market movements are not supported by the official network.
Moreover, Pi Network operates within a closed ecosystem, and the open mainnet launch has yet to occur. While some speculative prices may be observed on small, unauthorized exchanges, these do not accurately reflect the coin's status within the network.
Stay cautious when encountering such news, as engaging with unauthorized exchanges can lead to significant losses or complications.
- October 2024: Classic pump month; Bitcoin (BTC) reaches $70,000.
- November 2024: Trump wins the election, ending the Democratic administration's war on crypto (Biden, Harris, Warren, Gensler). BTC surges to $100,000.
- December 2024: Massive inflows into Bitcoin ETFs drive the price to $150,000. - January 2025: Crypto companies and enthusiasts return to the U.S., pushing BTC to $200,000. - February 2025: The Power Law crew takes profits, causing BTC to drop to $150,000. - March 2025: Bitcoin becomes legal tender in Bhutan, Argentina, and Dubai; price skyrockets to $300,000.
- April 2025: The U.S., under Trump, begins building a strategic Bitcoin reserve, boosting BTC to $400,000.
- May 2025: Other nations (excluding the EU) join the crypto race, leading BTC to reach $500,000.
- June 2025: Multiple AI systems start utilizing Bitcoin for autonomous arbitrage in traditional finance, elevating BTC to $600,000.
- July - December 2025: A frenzy of fear of missing out (FOMO) propels Bitcoin to an all-time high of $1,000,000.
- 2026: Distribution phase begins; BTC corrects to $500,000.
- 2027: A bear market ensues, with Bitcoin hitting a low of $200,000.
How to Sell Your $HMSTR Tokens for Maximum Value!!!
Selling your $HMSTR tokens at a high value requires strategic timing and thoughtful decision-making. The cryptocurrency market is known for its volatility, and $HMSTR is no exception. By following these essential strategies, you can optimize your returns and steer clear of common pitfalls.
1. Exercise Patience at Launch: When trading begins, resist the urge to sell immediately. Prices often fluctuate during this period, leading to hasty decisions. It’s not uncommon to see a brief spike in value when the token is first listed or when interest surges. Monitor the price movements in the initial hours; don't panic-sell during slight dips—wait for upward momentum.
2. Don’t Hold Too Long: While it’s tempting to wait for prices to rise indefinitely, doing so can lead to missed opportunities. Setting a realistic price target is crucial; being overly greedy may result in selling at a much lower price later. Remember, timing is vital in crypto trading.
3. Avoid Extended Minting Periods: Many traders get caught in the trap of holding onto tokens without a clear exit strategy. While waiting for significant gains might seem appealing, an extended minting period can backfire. Prices can crash before you have the chance to cash out, leading to potential losses. Crypto markets move fast, so stay alert.
4. Trust Your Own Strategy: Beware of "herd mentality" trading, where you follow the crowd without a solid plan. Just because others are buying or selling doesn’t mean you should too. Rely on your research and insights, making informed decisions based on market trends rather than hype. Stick to your strategy, even when others panic.
Conclusion Successfully selling your $HMSTR tokens requires a blend of patience, decisive action, and a well-defined strategy. Keep a close eye on the market, set realistic targets, and avoid letting fear or greed dictate your moves. By following these guidelines, you'll significantly enhance your chances of realizing substantial gains.
Bitcoin (BTC) has shown remarkable strength, surpassing the $60,000 mark, and analysts are now eyeing a potential target of $85,000. The crypto market is buzzing with optimism as experts weigh in on the positive outlook.According to various crypto analysts, BTC is poised for an upward movement, especially as it approaches the end of September on a high note. This momentum could lead to a significant rally as the year concludes.Titan of Crypto has projected that BTC could reach $85,000 in the near future, emphasizing that current indicators suggest a strong buy signal. He notes that the chart patterns indicate a potential 35% increase for Bitcoin, suggesting that bullish sentiment is gaining traction. In his analysis, Titan of Crypto utilized the relative strength index (RSI) data, stating that the conditions for the market to hit new all-time highs are in place. He mentioned, “If we can close this month above $59,000, we are likely to see a positive trend for the rest of the year. Historically, both 2017 and 2020 ended the fourth quarter in the green, indicating a promising outlook ahead.”He also highlighted the significance of September, noting that past trends show a green close for the month often leads to a strong fourth quarter. The weekly RSI has recently crossed the 50 level, breaking the downtrend that began in March, which further supports this bullish sentiment.Another analyst, Skew, pointed out that the $61,000 support level could serve as a foundation before any upward movement. He mentioned that a minor correction might be beneficial from a technical standpoint, laying the groundwork for a healthy rally.
When comparing CATI, DOGS, and NOT, several significant differences stand out:
1. Circulation DOGS and NOT have nearly achieved full circulation, meaning most of their tokens are tradable. This minimizes selling pressure and reduces the risks of market manipulation, such as insiders profiting from premeditated sell-offs. In contrast, CATI has 69.5% of its tokens locked, which poses a potential risk for selling pressure upon their release, potentially leading to sharp price declines reminiscent of the volatility seen with the WLD token.
2. User Base DOGS and NOT enjoy a broader user base, attracting more investors and community engagement. CATI, however, faces challenges with a smaller user base, which may hinder its growth. Furthermore, skepticism regarding the authenticity of CATI's data, including on-chain metrics, could further diminish investor confidence.
3. Market Expectations With the upcoming launch of HMSTR on Launchpool, market excitement is building. This new project is set to provide investors with additional options and increase competition, compelling existing projects to demonstrate their strength and market appeal.
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DODO: A Game Changer in Decentralized Finance
DODO X is a state-of-the-art decentralized trading platform supported by top institutions like Binance Labs and Pantera Capital. It aims to deliver an exceptional trading experience through a variety of innovative features.
Key Features:
1. Multi-Function Platform: DODO offers liquidity pools, cross-chain trading, autonomous mining, and streamlined token creation, catering to diverse user needs.
2. One-Click Coin Issuance & Meme Platform: DODO simplifies the process of coin issuance, especially for meme coins, attracting developers and fostering growth within the Web3 community.
📢 How to Boost Your 'Hamster Kombat' Airdrop Before the Rewards Cutoff
Last chance 🚀
It’s finally here. Well, almost: After months of tapping our phone screens and investing in our fictional crypto exchanges operated by furry creatures, the Hamster Kombat token launch and airdrop are just days away on September 26.
But for players who are serious about boosting their bags ahead of the airdrop, there’s another date that’s even closer: the season-ending snapshot on September 20 at 6pm UTC.
That’s when Hamster Kombat’s developers will call this first in-game season a wrap ahead of the airdrop, and use the remaining days before the token generation event to determine allocations and make sure all of the pieces are in place—and perhaps cross their fingers and toes that The Open Network can handle the rush of players trying to claim tokens.
You now have almost a day left as of this writing to make some last moves to put yourself in the best position to claim a share of the airdrop. Luckily, the team has already shared which factors will play into the allocations, and we’ve played a ton of Hamster Kombat—so here’s a quick primer on how to make the most of the last pre-airdrop push.
Note: This is all based on the information that Hamster Kombat has shared about the airdrop allocation factors. We don’t yet know how each category will weigh into the final balance, nor how many tokens players will earn based on their gameplay. Also, the developers’ plans could change—as we just saw with the Catizen airdrop.
In the world of crypto, airdrops are essential, and Hamster Kombat demonstrates how you can earn $HMSTR tokens through your activities.
1. Passive Income - PPH
Users can generate significant passive income. For instance, one user earned 5,000,000 points, which translated to 11,705 $HMSTR. Consistent engagement pays off!
2. Earn Through Tasks
Participating in community tasks can also boost your earnings. A user with 100 points and a multiplier of 0.125561 received 12.56 $HMSTR. Every effort counts!
3. Referral Bonuses
Referrals are a game changer. Earning 50 points from friends resulted in an additional 50.87 $HMSTR.
In total, this user accumulated 13,015.13 $HMSTR through active participation. Hamster Kombat proves that engaging with the project leads to substantial rewards.
Attention warriors: If you've been hoarding over 300 keys in Hamster Kombat, brace yourselves! 💥
Big Changes Ahead: Accounts with 300+ keys are under scrutiny for bot activity. The devs are issuing a 10-day ultimatum to clean up the mess. Expect massive bans within 4-5 days—over 50% of flagged accounts are at risk! 🕵️♂️
What’s Going Down: Some players have accumulated hundreds of keys without even playing—definitely bot-related. The devs are ready to clear out these accounts and keep the game fair.
Why It Matters: Out of 36 million players, only 0.54% (around 900,000) are at the top levels (10 and 11). After the bot purge, only 500,000 genuine players will remain. These players will be in prime position to grab the huge upcoming Airdrop rewards! 🎁💥
Stay Ahead: Play fair, avoid the ban, and you could be one of the lucky ones to claim those rewards. The countdown has begun! ⏳
Want to earn $15 every day with cryptocurrencies? Here’s your ultimate guide to making it happen on Binance—whether you’re just starting out or have trading experience. Dive in and discover proven strategies to boost your daily profits!
1. Staking & Earning Interest: - Secure Your Assets: Deposit your crypto and stablecoins on Binance. - Earn Effortlessly: Lock your funds for a set period and watch your interest grow. - Maximize Returns: Explore Binance’s staking options with up to 5% annual returns.
2. Airdrops & Giveaways: - Get Free Crypto: Join airdrops where companies offer free crypto on Binance. - Daily Wins: Check out Binance Square Feed for NFT and crypto giveaways. - NFT Flipping: Buy and sell NFTs for profit—especially on platforms like Solana.
3. High-Risk, High-Reward Trading: - Seek Opportunities: Look into lower market cap coins for potential high returns. - Market Moves: Buy during extreme fear and consider selling during extreme greed for profit.
📈 Pro Tip: Always research thoroughly and assess risks before diving into investments.
💡 Support Our Mission: Your generous tips help us continue delivering top-notch investment advice. Thank you for your support!
Hamster Kombat’ Will Give Out Billions of Tokens via Binance in Telegram Game Airdrop
Binance users will be able to earn a share of 3 billion HMSTR in the lead-up to Hamster Kombat’s token launch on TON.
Popular Telegram tap-to-earn game Hamster Kombat is set to launch its HMSTR token on The Open Network (TON) later this month alongside an airdrop to its many millions of players. On Thursday, the developers announced plans to drop billions of tokens to Binance customers, as well, through a Launchpool rewards campaign.
The HMSTR token will have a total supply of 100 billion tokens, the anonymous Hamster Kombat team revealed Thursday as part of the announcement—and 3 billion of those tokens have been allocated for the Binance Launchpool campaign.
Binance customers in legally permitted countries—not including the United States, for example—will be able to stake Binance Coin (BNB) and the FDUSD stablecoin in the weeklong rewards campaign to earn a share of HMSTR tokens. The campaign will run from September 19 until September 26, the launch date for the token.
Launchpool campaigns have been used for dozens of previous token launches, including major gaming tokens in 2024 like Pixels (PIXEL) and Portal (PORTAL), with Binance customers staking billions of dollars’ worth of BNB and FDUSD in both campaigns to earn a share of the rewards.
Hamster Kombat’ Telegram Game Airdrop: Everything You Need to Know
In brief Hamster Kombat is a Telegram-based tap-to-earn game that will offer players a crypto token via an airdrop. The airdrop and token launch are set for September 26 after a previous target of July came and went. The developers have shared info on how the airdrop allocations will be determined based on player activity. Hamster Kombat picked up the baton from Notcoin, leading the next generation of Telegram crypto games while apparently amassing huge droves of players—more than 300 million, the developers said in late July, just weeks after Telegram founder and CEO Pavel Durov claimed that the game had topped 239 million players earlier in the month.
What’s driving players to the game, which pairs simple tapping gameplay with lightly strategic moves as you take the role of a hamster CEO of a crypto exchange? An upcoming token airdrop, of course, providing an incentive for all of that tapping and more.
We’ve been tuned into the Hamster Kombat hype over the last few months here at Decrypt’s GG, and now we know when the airdrop is coming plus some clear details from the team on how players can put themselves in the best position to earn a bigger bag of tokens.
Here’s everything we know so far. Check back, as we plan to update this story as more details firm up ahead.
What is the Hamster Kombat token? Hamster Kombat announced in late May that it will launch a token on The Open Network (TON), a layer-1 blockchain that was originally created by Telegram years back before development was continued externally by the community.
It’s the same chain that Notcoin launched its NOT token on, and that’s gone on to become this year’s biggest gaming token launch with a peak market cap of nearly $3 billion. Amid Notcoin hype and growing excitement over Hamster Kombat and other games on Telegram, Toncoin (TON) itself has surged into the top 10 overall cryptocurrencies by market cap.
However, the network has also encountered technical challenges of late, going down on back-to-back days for several hours each time in late August due to demand over another airdrop. Hamster Kombat has a vastly larger player base, so those recent issues create some concern around the game's token launch ahead.
When is it coming? Hamster Kombat will launch the HMSTR token on September 26, the developers announced in late August, and the airdrop will take place the same day as the token generation event (TGE). The Hamster Kombat website previously noted a July target for TGE. Previously, the team had said during a Twitter Spaces in early June that it was aiming for July, which the team then confirmed to Decrypt via a TON representative.
However, July came and went without an airdrop. Near the end of the month, the team said that it was still working on technical details around the drop, given the vast size of the player base.
In the meantime, crypto exchanges including OKX, ByBit, Gate.io, Bitget, and KuCoin have launched pre-market trading for the Hamster Kombat token. OKX is the latest to offer the feature as of August 1.
Airdrop will depend on the profit per hour and some other [activity] parameters that we will reveal later, NOT the coin balance," the official game account tweeted on June 6, adding that users should "play wisely." And on June 18, the team again tweeted “profit per hour over coin balance,” attempting to reinforce the notion after plenty of questions on the matter.
What does this mean? While Hamster Kombat puts a big, round number of earned coins in clear view, simply building the biggest pile doesn’t mean you’ll wind up with the best possible bag. Instead, it appears that you’ll be better off reinvesting those coins into upgrades to boost your profit-per-hour mark, which determines your level of passive earning. In late July, the team also clarified: "Participation in various activities will impact the amount of tokens received in the upcoming airdrop, not the fact of distribution itself—all players (but not bots) will receive the tokens." And furthermore, "No section of the game is mandatory to play."
That explanation came following the launch of new features, which some players had complained about, thinking it would be required to earn their token allotment.
The game’s philosophy does not enforce participation in any activity," the team said. "The goal of introducing new features like the Playground is to even out the chances for real players, new players, and players with different gaming styles to earn their share of tokens. The only mandatory part to receive your tokens is to connect your TON wallet to your profile."
Hamster Kombat has since launched an "Airdrop allocation points" tracker in the Telegram mini app, although the points system is not yet live. According to the tracker, the game will award players points based on the following factors:
Passive income: How much you've invested your earned coins into upgrades to generate more coins. Earn tasks: Completing tasks like watching YouTube videos, doing the daily check-in, and more. Friends: Inviting people into the game who are active users. Achievements: Earning in-game features for certain milestones and accomplishments (recently added). Telegram channel: Subscribing to the official Hamster Kombat channel. Keys: Earning keys by playing the daily puzzle mini-game and other recently added games. While those are the factors at play, Hamster Kombat has yet to reveal how much each category is weighted in terms of users' airdrop allocations. However, it does show that the developer is taking a holistic view of the entire Hamster Kombat experience, and that all of it can play a role in the eventual airdrop.
Democrats Also Express Discomfort with Gary Gensler: Calls for Removal!!
Recent developments have revealed that Democrats, like Republicans, are also uneasy with Gary Gensler, Chairman of the SEC. Donald Trump had previously pledged to fire Gensler if elected, and it now appears that some Democratic donors share similar sentiments. According to reports, major Democratic Party donors have expressed dissatisfaction with both Gensler and FTC Chair Lina Khan, urging Kamala Harris’s team to consider their dismissal if Harris wins the upcoming election.
The upcoming November elections are of significant concern to financial markets. Wall Street and Silicon Valley donors who back the Democratic Party and Kamala Harris have shown frustration with the regulatory approaches of both Gensler and Khan. Bloomberg reports that these donors have requested that the Harris campaign replace the two regulators if successful in the election.
FTC Chair Lina Khan, known for implementing stringent rules to enhance market competition, and Gensler, who is perceived to have negatively impacted the technology sector while not addressing Wall Street's needs, have faced criticism. Gensler's term is set to continue until 2026, but his actions have sparked considerable discontent among influential donors.
To become a successful trader rather than a gambler, it’s crucial to approach your trades with care and patience. If you’re leveraging 5x-10x positions with all your capital, you’re essentially gambling. Such high-risk positions have a high likelihood of liquidation, especially in the volatile crypto market where 10%-20% price swings are common.
Even with a stop-loss in place, you could still lose a significant portion of your principal due to these market movements. Therefore, patience is the key to trading effectively.
If you tend to act impulsively, trading might not be for you. Here’s why patience matters:
1. Avoid opening high leverage positions (10x or even 1x) with your entire principal. A 1x position is little more than a coin toss regarding market direction. 2. Begin by investing only 5% of your principal in any position. If it turns a profit, you can take it and move on. 3. If the position moves against you, since it only affects 5% of your principal, you should wait patiently. If the market reverses by the first 10%, consider adding to your position to improve your stance. 4. Markets generally revert to the mean, so your entry price might be revisited. Monitor your position, and once it shows a profit, close it.
Bitcoin's 2024 Price Trends Show Parallels to 2019, Analyst Reports
Julien Bittel, Head of Macro Research at Global Macro Investor, recently discussed on X that Bitcoin’s price behavior in 2024 closely mirrors its pattern from 2019. According to Bittel, Bitcoin has been consolidating for 175 days this year, matching the length of its consolidation phase in 2019.
Bittel suggested that the market is nearing a pivotal moment, with the coming week likely to be crucial as investors watch Bitcoin's response to this potential turning point. The key issue is whether Bitcoin will follow the 2019 trajectory or take a different path. If the current trend continues, Bittel anticipates significant upward momentum for Bitcoin’s price.