T502

Sometimes it may seem that some fresh investors think that their more experienced colleagues are using a crystal ball and ask as if they were asking a fortune teller, "When will it grow #PEPE #BOB and by how much?"
Unfortunately, cryptocurrencies are a market of large fluctuations. It is difficult to achieve precision, especially when it comes to currencies like meme coins. Here, the fluctuations are much greater. These coins have no practical value and will grow as long as people are willing to pay for something that has no practical application.

Currently, there is a trend for memes, but no one knows how long it will last.

Historical examples show that when someone influential supports them, it can affect the price increase. But could the opposite also happen?

On the other hand, one can also come across posts, quite often, that confidently proclaim that #X will do x100 and that those who do not buy now are foolish. Although there are also those who convince about x1000, weaving visions of rich people who will invest 1000$ now and soon laugh at those who were afraid to take the risk.

The problem is that these "specialists" do not explain why #X is good, what its strengths are, or where the certainty that it is undervalued comes from.

If investing long-term, it should be in proven projects. Of course, the greatest certainty is offered by #BTC . Other projects are also good but come with greater risk.

Imagine that on January 21, 2022, for only 1,061,012,338,879 you buy 93,165,065,335 at an exchange rate of $0.00000233.
You probably haven't seen such a low price in a long time. You would be the owner of 4,914,602,931,650,653,335. And now imagine how much you could buy after these three years, where to go, how many dreams to realize ...

Do you see that amount?
It was enough to hold it for three years, just three years.

At the current exchange rate, you would now have 3,266,101,233,8879. Can you imagine that!? Only 6,746,101,233,8879 loss over three years. Dividing that by three years yields a loss of only $2.24. Just 2,246,101,233,8879 annual loss!!!

Wouldn't you want such low losses?

Will #WCT still grow?
This is an interesting project, so it will probably grow. But will it grow now? It may grow now, but even if it does, it will still drop afterwards. Only when it stabilizes can it show its strength and take off? But that will take a few months.

When I see panicked posts "My coin dropped, I lost a whole $10, help, what to do?" I read comments "What kind of loss is that, people lose $30,000, $50,000 here."

But it's worth considering why someone is panicking over $10. It's possible that this is (1) a young person who has struggled to save a few dollars. Or maybe it was written by (2) someone from a country where you can live for a whole month on 50$ or even less.
Seeing such posts, it's worth writing practical advice in the comments rather than just mockery.
The amount that causes pain is not important, but the pain itself.

Clearly, such posts asking for help were written by beginners. It's worth giving them practical advice, explaining what FOMO is, how it works, how important it is to know the market, etc. It's about giving concrete suggestions.

Because how would you feel if in response to your panicked post "Today I lost $50,000, please experts help!" someone replied "If for you $50,000 is some kind of loss, then don't get into investing. I lost $200k but what does such a small loss mean. Here we deal with real money."

Unfortunately, some people consider themselves better than others, which is evident from the lack of compassion.

Yesterday when #WCT bounced - on the chat great euphoria and dreams that now it will only get better. Today it fell - on the chat great despair and desperate questions about the future of the project.
Well, that’s how the market works. It will NEVER, not even #BTC , only have increases.

1. If you want to be a hodler:
Buy, transfer from the exchange to your wallet and stop checking how the situation is. When you bury gold do you dig it up every day to see how it looks today?

2. If you want to be a trader:
This is more difficult, as it requires very good emotional control. Trading technique
is in second place because if you can't control your emotions (euphoria and panic), you will mainly be losing even despite increases in the market.

Summary:
If you have $ and want to invest but don’t know what to buy, buy #BTC because it is the least risky purchase. Now stop checking every 10 minutes if it has increased and start learning the market.

1. Are meme coins garbage?
Yes.
2. Can you make money on them?
Yes.
3. Why?
???

How much is #PEPE #DOGE worth?
As much as people are willing to pay for it.

When new coins appear on the exchange, it often happens that they immediately go up within a few hours or drop earlier and then shoot up again after a few days. Such situations cause euphoria and posts often appear stating that a new crypto ruler has emerged and others cannot compete with it.

Some coins are really good projects and have shown their strength, but only after some time (a few, several weeks, or even months or longer).

If you are serious about investing, don't let yourself be swept away by such a wave of euphoria. When you see a sharp rise in a token, control your emotions, read about it. Analyze its utility. If it is good, wait for the opportunity when the price drops and buy.

Review the history of #ETH #TRX #SOL #XRP and other strong coins today from the top 30 and ask yourself the question "If I had known what I know now at the start of a given coin, at which moment would I prefer to enter - immediately when it rises or later?"

No one knows the future. But we can learn from history.

Attention new users!

Don't get caught up in posts like:
"Again it will be xxx$",

"You missed #BTC #XRP #ETH #SOL? Don't miss now #ZZZ ",

"Now #YYY to the moon 🚀🌗"

Such posts are often not supported by thorough analysis but mainly by dreams.
It is possible that one day you will make a big profit in a short time. But it will be because you learn when to buy and sell. If you have no experience, instead of listening to these posts, spend time learning what to buy, when to buy, and when to sell.

If you want to stay in the crypto world longer, it's worth setting aside part of the purchased currencies in a cold wallet. Let it sit and wait for 5, 10 years. Trade only a portion of your funds. If you earn, that's good. You can transfer the profit back to the wallet or trade with a larger capital.
But if you lose, what you have in the cold wallet will remain.
I keep #BTC #TRX i #XRP in the cold wallet and only add to it, I do not withdraw. The rest is for trading.

Are you new to crypto? You can earn on these investments. But it's much easier to lose.
To minimize the risk of loss, take the time to learn by investing small amounts. Before buying something, observe the market. To start, it’s best to buy something on paper. Choose a currency, for example, #BTC #SOL #XRP. . When you feel like buying, write down how much of the chosen token you would buy, but don’t buy—just write it down. Now wait for the moment you would like to sell. But don’t deceive yourself and honestly record these supposed transactions.

In a month, check how you did and draw conclusions. This way, you learn the market without incurring losses.

Sometimes I read posts like "I'm new, I invested xxx$ in coin yyy. I lost everything. Help, how do I get it back?"

I sympathize with the loss, but well, if you want to quickly, immediately make big money, you will probably lose it quickly.

A piece of advice that often comes up (possibly from those who have experienced this pain): don't rush to buy when you see a token has skyrocketed and is still rising.
Most often, this is the moment when it is already too late to buy.
It's not easy, but it's better to wait (sometimes a long time, even several months) until another opportunity arises.

And something very important: when your token is rising, don't wait indefinitely to sell. A recent example with #WCT shows that it's better to enjoy a profit of 20%, 30%, than to worry about a loss of 70% or 80%.