put it on staking and wait for the price to go up, or set a limit sell order and go touch grass
faisalmahmudsohan
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i bought 15 sol at 178 . Im at big loss. im really confused what to do . Im from a middle class family . What should i do now? Hold it ir sell it. Expert suggestion need please
Deutsche Telekom Dives into Bitcoin Mining Telecom giant Deutsche Telekom, the parent company of T-Mobile, is making waves in the crypto space by announcing its entry into Bitcoin mining. This news was revealed by Dirk Röder, Head of Web3 infrastructure and solutions at T-Mobile's Telekom MMS, during a recent conference. Deutsche Telekom's move is seen as a positive development for the Bitcoin mining industry. The company's large scale and resources could potentially contribute to bolstering the security and stability of the Bitcoin network. However, some concerns exist regarding the increased competition for existing miners who are already facing a challenging market environment. It's interesting to see how Deutsche Telekom's venture into Bitcoin mining unfolds and the impact it has on the crypto landscape.
$ETH Ethereum ETF Update: Approvals Likely This Summer, But No Spot ETFs Yet
There are currently two key points to consider regarding Ethereum ETFs:
Spot ETFs Still Pending Approval: The U.S. Securities and Exchange Commission (SEC) has not yet approved any spot Ethereum ETFs. These ETFs would directly track the price of Ethereum, similar to how a Bitcoin ETF tracks Bitcoin.
Summer Launch Possible: SEC Chair Gary Gensler has indicated that approvals for spot Ethereum ETFs could come sometime this summer. However, individual issuers still need to complete the registration process. While there are currently no spot Ethereum ETFs available, the possibility of their approval in the coming months is a significant development for the cryptocurrency.
$SOL Andrew Tate's DADDY Coin: Soaring High or Risky Ride?
Social media personality Andrew Tate launched his memecoin, DADDY, in early June, causing a stir in the crypto world. The coin experienced a meteoric rise, reaching a market capitalization of $300 million within a day. However, its rapid growth was met with skepticism and accusations of insider trading.
Early Success, But Questions Arise DADDY's initial success can be attributed to Tate's large social media following and his aggressive promotion of the coin. However, concerns were raised about the tokenomics of DADDY, with some analysts pointing out that a significant portion of the coin's supply was held by insiders before its public launch. This raised suspicions of potential manipulation.
Is DADDY Here to Stay? Despite the controversy, DADDY remains a player in the memecoin space. Its future trajectory is uncertain, and investors should exercise caution before investing. It's important to conduct thorough research and understand the inherent risks associated with memecoins before investing in DADDY or any other similar token.
The price of Curve's CRV token fell sharply by 30% due to loan positions tied to the protocol's founder, Michael Egorov, being liquidated. This triggered a wave of selling activity in the market. Egorov reportedly borrowed nearly $100 million in stablecoins using CRV tokens as collateral. As the value of CRV dropped, the collateralization ratio fell below the minimum threshold, forcing automatic liquidation of his positions. This incident highlights the risks associated with borrowing against vo
How to set up BonkBot to trade memecoins on Solana
Find BonkBot on Telegram: Search for BonkBot using the username Bonkbot_bot or access it through a link from their official documentation.
Start the Bot: Once you've located BonkBot, initiate interaction by sending a start command. This is usually done by clicking on the "Start" button located at the bottom of your chat window.
Initialize Your Wallet: BonkBot will guide you through initializing an empty wallet where you'll be buying and selling cryptocurrencies. $BONK $SOL $USDC
Diamonds in the Rough: Top 5 Undervalued Cryptocurrencies for 2024
The cryptocurrency market is a dynamic landscape, brimming with established players and emerging challengers. While established giants like Bitcoin and Ethereum dominate headlines, discerning investors keep their eyes peeled for undervalued gems with explosive potential. Here are five cryptocurrencies that could surprise the market in 2024: Algorand (ALGO): Efficiency, scalability, and security are the hallmarks of Algorand's robust blockchain technology. By addressing scalability challenges t
Investing in newly launched cryptocurrencies can be exciting, but it also carries significant risks. Here are some tips to manage those risks:
* Do your research:
Before investing, thoroughly research the project, the team behind it, and the coin's purpose. Look for whitepapers, code audits, and independent reviews.
* Beware of scams:
Be wary of projects with unrealistic promises, excessive hype, or an anonymous team.
* Diversify your portfolio:
Don't put all your eggs in one basket. Spread your investments across different cryptocurrencies and asset classes.
* Invest what you can afford to lose:
Newly launched coins are highly volatile, so only invest what you're comfortable potentially losing entirely.
* Set stop-loss orders:
Consider setting stop-loss orders to automatically sell your coins if the price drops below a certain point.
Don't Be a Blind Follower: Risks of Copy Trading Crypto
Copy trading in cryptocurrency can be appealing, especially for beginners. It offers a chance to leverage the experience of successful traders. But before you jump in, be aware of the significant risks involved: * Market Volatility: Cryptocurrencies are notoriously volatile. Even the best traders can't escape sudden price swings that could lead to losses in your portfolio. * Trader Performance: Your returns rely heavily on the chosen trader's skills. A bad trade on their end translates to lo
* CoinMarketCap: This website provides a comprehensive overview of memecoins, including price charts, market capitalization, and trading volume.
* CoinGecko: Similar to CoinMarketCap, CoinGecko offers price tracking and market data for a wide range of memecoins. * CoinTracker: This platform allows you to track the prices of various memecoins alongside your other cryptocurrency holdings.
* Memecoin Price Index This website focuses specifically on memecoin prices and provides a live price index. $PEPE $WIF $DOGE
The decisions of the Federal Open Market Committee (FOMC), the policymaking body of the US Federal Reserve, can significantly influence the cryptocurrency market. Here's how: * Interest rates: When the FOMC raises interest rates, it makes borrowing more expensive. This can lead investors to move away from risky assets like cryptocurrencies and towards safer investments like bonds. This can cause cryptocurrency prices to fall. * Risk appetite: FOMC announcements can also impact investors' ris
BNB Beacon Chain Shutdown: Urgent Migration Notice for Users
The BNB Beacon Chain has announced its official shutdown. Set to sunset in June 2024, this closure necessitates the migration of BEP2 and BEP8 assets to the BNB Smart Chain and other blockchain platforms.
*TRX* users holding BEP2 tokens are specifically urged to act swiftly to exchange their assets to avoid potential losses.
Due to the BNB Beacon Chain’s official cessation of operations scheduled for June 2024, users are advised to complete their token exchanges no later than May.
$PEPE $WIF How to avoid getting scammed while trading memecoins/sh*tcoins.
- Check to see if freeze authority is still enabled. If it is then the tokens can be frozen and prevented from trading in the future. - Check the wallet distribution or who the top holders are with how much percent ownership. - Check if the LP is locked. dont buy coins if the LP is unlocked. - Always check the socials like telegram and X of the project and see how much hype it has got. Remember memecoins are all about the hype.