Today I started selling $XRP which I have had for quite a long time. It was hard to make such a decision knowing what potential XRP has. I definitely intend to buy it back after the correction which I hope will come š
When you win, will you also come and ask for help? Diamond hands š now!
camargo007
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Bearish
Guys, help me out.
I've already lost $100 during this downturn and I don't want to lose any more.
I've been thinking about trading part of all the currencies for USDT, leaving small amounts. That way I can lose less because I'll have smaller amounts in the currencies.
As soon as it stabilizes, I'll keep an eye on it and before it goes up, I'll buy back.
Would that be a good thing to do?
If anyone can give me any tips or opinions, I'd appreciate it.
Invest in good projects, be it memes or anything else. Web3 is on the way. Let's go! šš
Cripto trader
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Stop buying meaningless meme cryptocurrencies, they will only make you lose money, especially for those who are just starting out in the cryptocurrency market. Meme coins, such as Dogecoin or Shiba Inu, may attract investors with promises of quick profits, but they are extremely volatile and based on speculation, not solid fundamentals.
If someone intends to invest in cryptocurrencies, it is important to do a detailed analysis, study the project and understand the risks involved. In addition, diversifying investments and avoiding putting money that you cannot afford to lose are essential practices to minimize losses. #Launchpool
Burning tokens does not allow leverage in the direct sense of increasing exposure or using debt, as in margin trading, but can influence the token's appreciation by reducing the circulating supply.
In the case of Shiba Inu (SHIB): ⢠Frequent Burns: The SHIB community implements burns to decrease the total supply, with the goal of making the token more scarce and, theoretically, increasing the price over time. ⢠Giant offering: Shiba Inu started with an offering of quadrillions of tokens, which makes appreciation difficult. The fires try to combat this.
Impact: ⢠If demand for SHIB remains the same or increases and supply falls due to fires, the price may rise (law of supply and demand). ⢠However, burns do not guarantee appreciation, as they depend on other factors such as adoption, market sentiment and the actual utility of the token.
Conclusion:
Burning tokens is a strategy to try to add value to the asset, but it does not work as direct financial leverage. For Shiba Inu, the fires helped maintain interest, but did not fully solve the challenge of massive supply.