I found memecoins signal group they pumped from 30k mc to 50k in few hours...
The use of signals in itself carries high risks, and the use of meme coin signals sooner or later entails the loss of the deposit. So you should not have any illusions, but you need to study and then you will be able to make decisions on your own that relate to your deposit. |
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...Im telling this story becouse i seen myself it's all possible to make it constant profits.
If you've seen it all, what's stopping you from repeating it yourself? No indicator can give an accurate signal, following which the trader will receive a profit. There are too many factors affecting the cryptocurrency market that the indicator cannot predict. |
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...You are not even confident about the strategy that you are using, you are not sure if it’s correct or not...
This strategy is not real, as it assumes that all trades will be profitable. OP mistakenly believes that every trade will bring profit every day and 1 day is enough for this. He does not even consider such a scenario when the price will move in the opposite direction to his expectations. |
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...In trading, you can not make right decisions to win all times so if you have bad trading capital management, like always use 100% of your trading capital to trade with one position. Some day, with over leverage and a bad day, bad position, you will get an excessive loss. This, if happens, will take away majority of your trading capital...
Using leverage allows you to open more orders with different trading pairs and thereby reduce the risk. The incorrect use of leverage is that a trader opens an order for one trading pair for his entire deposit and eventually loses it. |
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And libert19, you mentioned that you're in around 100 servers. Are you in Monad Discord? You have the nad role?  Would've been pretty sweet to get 8k for free. No, I was not part of Monad discord. I join servers to stay up to date with anns, don't grind roles, so even if I was part of Monad discord it wouldn't have amounted to airdrop. I would have more than 100 servers if Discord allowed me to have more than 100 of them. All my activity in the Discord is limited to GM and GN in the respective sections. And roles in Monad are given exclusively by the project team when they see your usefulness and, accordingly, there were very few who received this role. |
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^ Snap shot '1' obv means what it means... That there will def be another snap shot. Some guys online are guessing that snap shot 1 will be protocol usage then the next snap shots, which my come before June 30, might be community based criteria like NFT holders of some collection. Like I said before, Pudgy Penguins will get an allo from LZ but those are pretty expensive. What other more affordable NFTs are there in the Ethereum eco that could possibly make you eligible for an allo? So the strat could be if LZ airdrops their token based from protocol usage for snap shot 1, we could use that to buy an NFT that could make us eligible again for snap shot 2.  Edit: Not expecting much from LZ btw... Not much compared to my W airdrop. One of the criteria can be the presence of a domain not only ENS, but also a relatively new Clusters.xyz, which is part of the LayerZero Ecosystem and in turn can also distribute airdrop, just as ENS did. I recommend registering domains for your wallets, since now the price of gas and ETH is acceptable and accordingly registration will cost about $30. Edit: Yes, the airdrop from the Wormhole was the most profitable, especially if there were several wallets) |
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The price trend heavily relied on still BItcoin's price, for now it's holding at 57K but IDK whether it will hold its resistance or we are yet to see the real correction post halving. I do read some of interesting technical analysis that says the price could even reach the range of 50K, if that's possible then surely the bloodbath on alts will continue too.
Looking at the chart, you can see that the Bitcoin price has broken through its support at $59-60K and is now testing this level from below, which has become a resistance level. And if we do not see a breakdown of this level in the near future, then we can expect that the price of BTC will move towards its new support, which is at the level of $53000. |
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The safety of using leverage is directly related to risk management, compliance with which depends only on you. And if you do not adhere to the risk management strategy, then your entire trading will be comparable to a casino in which you will eventually lose your deposit.
I'd love to learn leveraging for me to understand further and have full knowledge about it, lacking of exact information is my biggest fear to deal with from it. Indeed, losing deposit is really similar with gambling at casino which is really I don't want to happen with my earned money online. Most of my crypto enthusiast friends enters trading out of the blue, eventually they'll lose their funds due to overconfidence. That's why I'm really careful taking risk without proper understanding. Before you move on to margin trading, you must learn how to trade on the spot market so that this trade brings you profit. And there, in the spot market, you will have to learn how to adhere to the risk management strategy. And only after that you can try yourself in margin trading with a minimum leverage of x2. |
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...About the price I feel it might go down further, at least $2600 that's what the one expecting to buy can take advantage of.
Those who wanted to buy ETH at a lower price can already initiate buying this coin in parts, as the price has dropped to $ 2800. And of course, you need to leave more stable coins so that you can still buy ETH if the price continues to decline. |
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...You're right, leverage isn't a good idea since there's a big risk involve. So to make things more productive let's rely at exchange sites progressive recommendations. ..
The safety of using leverage is directly related to risk management, compliance with which depends only on you. And if you do not adhere to the risk management strategy, then your entire trading will be comparable to a casino in which you will eventually lose your deposit. |
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I believe that crypto prices in general, I'm not thinking of any one specific coin, will pop up somewhat on or after May 1-2...
As we can see, Contrary to OP's expectations, the opposite happened and by May 1-2 we saw a strong decrease in the value of all coins, including Bitcoin. This once again confirms the fact that all these forecasts are not accurate when we are dealing with the cryptocurrency market. |
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...And The friend I was talking to said he has been trading with them for some time and I thought I'd give it a go. ..
You can't call all those people you met online a friend. Obviously, his real purpose in getting to know you was precisely to persuade you to invest in this project. And as we can see, he succeeded. Stop communicating with them and don't try to get your $100 back, otherwise you will lose even more money. |
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But i got idea to make profit daily
I choose some coins potential raise and open long positions on them and hold
Such a strategy It will justify itself only if the price of the coin increases. But this does not happen every day and there are also corrections in any market. And if the market returns to bearish, that you will not be able to trade long positions at all and will be forced to stay away from the market if you do not use margin trading. |
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...You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work...
I'll add another reason. Teaching inherently brings a guaranteed profit and can never bring a loss, which is very often faced by traders. In addition, you do not need to hold a large deposit that would allow you to trade. |
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This is what many have failed to understand, yes you can avoid paying tutors or mentorship classes but you can’t jump the getting knowledge of a thing part, this days technology provides free access to Learn freely although sometimes I mostly advice getting a little mentorship and then growing on your own. A clear example of those who skip the knowledge are those that pay for signals on trading, and then later after losing money they still head back to getting the knowledge.
One of the problems faced by a beginner who wants to gain knowledge is choosing a mentor. It is at this stage that he can easily lose his money by giving it to scammers who pose as experienced traders offering mentoring. |
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We know that Bitcoin halving has just happened and that after the halving there is always high volatility and uncertainty which can affect an investor's strategy..
The cryptocurrency market is inherently highly volatile, regardless of the halving date. You must be prepared for any developments in the market. You should always follow the Risk management strategy, and this should be the most important rule for you. |
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No matter how banal it may sound, but practice shows that you either spend money on training, or start trading and lose the money that you could have spent on training. But many choose the second option, as it seems to them less expensive.
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... first thing you should do is to make a deep research about the project before looking out to make investment...
It will be difficult for a beginner to conduct proper research on the project due to lack of knowledge and experience. Therefore, it is better to refrain from investing in new projects, giving preference to coins that have long proven themselves on the positive side of investors. |
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Binance bought Coinmarketcap since 3 or more years ago. It is better not to fully believe in anything that you saw there. It is better to use Coingecko. Sometimes Binance will not be on number 1 on Coingecko but it is always in number 1 on Coinmarketcap.
Thanks for letting me know that, I really didn't know that and I just checked it and you are right! We'll it's true that there's a difference between the statistics of those two but still it's not bad to use both of it for comparison and cross referencing as both of them are reliable in my opinion. Anyway I am just curious is there any other known cryptocurrency data aggregator than those two? There are a very large number of such ratings, but their quality is much lower compared to the above. But I believe that https://cryptorank.io not only is it not inferior to Coingecko and Coinmarketcap, but in some cases it surpasses them. |
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