Listen to me because you might need this wakeup call - YOU WILL NEVER GET RICH BY SIMPLY HOLDING CRYPTO.
It's harsh, but it's the truth. Nowadays, the only winners are traders who have an edge and money to bet on the market's direction. There are thousands of people who lose money daytrading crypto every single day because they think they cracked the code.
It's great to hold some $BTC because it's the only digital asset that really matters. It's good to have some $ETH if you want to explore various aspects of the decentralized Web3 world. It's fun to have $SOL or $BNB for memes or buying random tokens for brief periods of time.
But other than that... Everything else is vapor. Remember LUNA? It can all collapse in a second.
So, what can you do in this situation? Well, the answer is - BE EARLY. Be an early investor in good, promising projects such as Keeta.
Keeta has a testnet now and it promises 10M tps with 400 ms finality, which, once proven on the incoming mainnet, will make it the fastest chain out there. It's what xrp wanted to be but couldn't. Oh, and yeah, the cost of a transaction on Keeta is mere peanuts.
I hold sol, ltc, and bnb in my portfolio because I'm no good at futures trading. But I'm heavily invested in KTA. It's my first-ever project that I got in before VCs and other rich guys.
The only major supporter is Google's former CEO, Eric Schmidt. He bankrolled the team with around $17 million and helped the guys get in touch with Google Cloud to test the project's scalability. Needless to say, it's great that they have access to computing power so early on and don't depend on random users who might be untrustworthy or easily corruptable.
The KTA team (which comprises former NANO members) is doing weekly updates on Twitter. You should listen to a couple of their Spaces before investing. Don't trust strangers on the internet. Verify.
But I will come back to this post once the mainnet is live. At the time of writing, one KTA costs $0.165. Let's see where this project will be after a couple of months.
Binance's Web3 Wallet integration into the official app is goated. I just added to my KTA bag by paying with USDC from my CEX account. Simple and effective.
This is how I'm approaching this downtrend. I'm buying my favorite tokens in small increments until we go up or I run out of stablecoins. #BTCBelow80K
Now, let's see what this week has in store for us. $ETH
Down only seems to be the play for now. $LINK lost its 12.5 usd support. $AAVE keeps depreciating even though buybacks start in a few days.
Tomorrow might be ugly. However, Wednesday will be the moment of truth. If no deal is reached with China and the EU by then, we might finally enter the "some pain" part Trump talked about.
No matter what, keep your head up. Don't sell at a loss if you don't need the money. Continue buying. Follow the Buffett way. Buy and keep holding until we get the final blow off top.
Absolutely insane! I'm already in profit, wowzers! Kidding aside, this is how I'm handling this period. Small buys until the downside is finished, then sell gradually above 155 USD. Don't get chopped up in the meantime. Don't lose your capital in futures. Play it safe. Buy spot in small increments and hold until we see lots of green candles in a row. #ShareYourTrades $SOL
Tired of losing money on meme coins with no inherent value? Want to be involved in a GOOD project from the get-go? Here's your shot. 📈
Keeta, which is backed by Google's former CEO Eric Schmidt and built by a big chunk of the former NANO team, just had its testnet go live. The result? It's the second-fastest chain out there. Yes, it's an L1!
Keeta, which has a max supply of 1 billion tokens, promises to achieve 10 million tps when the mainnet is ready in June, but you won't have to wait until then because the project will be audited before going live in full force.
The best part? Every Joe and Jane can enter now because Keeta isn't Kaito or Solana. It debuted silently, with no rich guys or influencers getting an allocation to dump on us normies.
Thanks to Binance's Web3 Wallet and the ability to use CEX funds on DEX, anyone can buy it with ease.
Don't think about shorting $BTC or $ETH with high leverage and no tight stop-loss right now! Crypto isn't in freefall. It's just retracing earlier than the stock market and it will continue to drop if SPX does the same. Honestly, everything is unpredictable right now. One tweet from the right person can change so, so much!
However, this downtrend is here mainly because of Japan and the US. Their economies are intertwined and the current US administration is a bit hectic, to put it nicely. As such, traders with unlimited budgets are trying to figure the right move forward. Japan has been hit by auto tarrifs, even though it played nicely with the US. Traders expected some market-wide relief but it didn't happen. Now they're derisking a bit later than others. That's why we'll see weakness. Many still hope that Trump will soften up. I don't think that'll be the case. Not right now, anyway.
Moreover, most countries end their fiscal year today and we have broad US tarrifs coming in two days.
Keep your composure and survive until the second half of April. We could get a relief rally, and you might exit your positions then.
Personally, I believe the market will start to anticipate a Fed rate cut and we could see a steady move to the upside until mid-June. I'm mostly bullish on $BNB and some new coins such as Keeta.
Good luck and be safe! Don't get liquidated! #TrumpTariffs
$AAVE seems to be going down only, even though it's part of Trump's WLFI portfolio and the team behind it are putting in the good work. Could be a good buy on Monday, after New York open.
Next week should offer everyone some relief. However, I would not get rid of all my coins if I were you. Things might improve post tax day in the US. The last two weeks of April should be somewhat bullish for blue chips and hyped-up coins such as fartcoin.
There are a few important crypto-related meetings on the current US admin's agenda and we could see some market adjustments to the upside after the April 2 tarrifs are behind us.
Don't lose your money with blind leverage plays. If you must bet, bet small with tight stop losses. $BTC , $ETH , and $BNB will be there for you tomorrow and the day after and the day after...