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In-depth analysis of Pi coin price trends to seize investment opportunities
After Pi coin was listed on exchanges, its price trend has attracted much attention.
At the beginning of its listing, with a massive base of over 60 million users, buying demand surged instantly, and the price skyrocketed from over $1 at opening to $1.5 in a short time, leaving early investors pleasantly surprised.
Subsequently, the price entered a period of intense fluctuations, with fierce battles between bulls and bears. Bulls are optimistic about its mining model, community consensus, and prospects; bears believe that its technology and applications are inferior to mainstream digital currencies, and that it is overvalued. In this context, the price peaked at $3 before quickly falling back to $1.2, currently fluctuating in the $1.5 - $3 range.
In the long term, Pi coin presents both opportunities and risks. If it can improve its technology and expand its applications, such as for cross-border payments and decentralized finance, its value is expected to rise; however, with unclear regulations and intense competition, failure to sustain innovation may lead to its elimination.
Before entering the market, investors must assess their own risk tolerance, closely monitor technology, applications, and market dynamics, remain rational, and avoid blindly following trends.
This is simply shocking 😲 As soon as Pi was launched, it replaced $BNB and became the third largest cryptocurrency by market value, second only to $ETH Who is buying it?
Recently, many new friends have asked me how to operate when starting to trade digital currencies with just a few thousand dollars (U currency). Today, I will share a few tips based on my own experience.
If you have 1000U, don’t throw it all in at once. Divide it into 10 parts, and each time just use 100U to trade. As for leverage, 20 times is about right; new traders can easily lose their mindset if they use too high leverage. The remaining 900U should be placed in a wealth management account as your "emergency fund".
If you lose the 100U, don’t think about averaging down; a loss is a loss. First, stop to reflect, then give yourself a little break for a day or two to adjust. The Bitcoin market fluctuates every day, and there are plenty of opportunities, so don’t be afraid of missing out. Once your mindset is adjusted, divide the remaining 900U into 10 parts, each part being 90U, and start again. This time, be careful and try to recover the lost money. If you make 300U, keep 100U in the account and withdraw the remaining 200U quickly. This way, you will feel more secure, and your mindset will be much better.
In trading, position management is crucial. Even if you have a 90% win rate, one mistake can wipe it all out. You must learn some trading knowledge and operate with light positions to minimize losses. Many people lose money because they do not understand the market and cannot manage their positions. If something feels off, you should reduce or close your positions; don’t just hold on stubbornly.
If you lose more than 2% of your total funds in a day, be cautious; if you lose 6%, quickly close the losing contracts, set a break-even stop-loss for the profitable contracts, and then rest for two or three days. Don’t rush back in. Chasing after rising prices is very dangerous; unless the market trend is very clear, don’t try it easily. Be careful when adding positions after making profits, especially after making a lot; new positions can easily go wrong. If you need to add a position, either act quickly or wait until the market correction is over. Remember to use the pyramid method for adding positions, this way the risk is manageable.
#参与投票-PI该上线币安吗? #CardanoETF讨论 For useful information in the crypto sphere, follow me to learn more. Bull market with potential hundredfold coins and daily spot strategies await!
I was introduced to trading by the master in 2013. I didn't understand much during the first six months; I invested 100,000 in capital, and whatever the master told me to invest in, I did. I could earn every day. I made a bit of profit, and just like that, my principal accumulated to 600,000, but once I got itchy and started trading myself, I definitely lost money. I earned small amounts but suffered large losses, and my account once shrank significantly. 50%, at that time I didn’t even understand the most commonly used terms and trading rules in the coin circle, such as K-line, etc., which were all foggy. I don't want to always rely on the big tree, so I sought his advice on how to become an independent investor and how to improve myself. The master saw that I was eager to learn, so he agreed to take me on. He told me that to be able to run, one must first learn to walk. Without accumulating small steps, one cannot reach a thousand miles.