Pro Tips for Crypto Trading and ask about your coinsMy Best Tips for crypto trading :
I have been trading crypto since 2017 and here my advices for newbies and average traders :
1- Don't try to catch falling knives 🔪, it's better to let the coins fall until they finish falling, stabilize, and wait for confirmation to enter a buy setup even if it comes after the asset rises from the bottom by 20 - 30%
2- Love your profits more than your coins... If you love the asset more than profits, it will become an emotional trading , which we try to avoid
3- In a bull market: hold your coins as much as possible, do not sell early
and try to buy the trendy coins Every cycle has its trend, must have some in your portfolio
4- In a bear market: sell the weakness (the trend is your friend)
Dont hold coins in bear market no matter how good the projects, they will crash by 85-99% and many will be delisted..
5- Do not put ur 100% trust in only one exchange (ex: FTX shutdown) and do not trust any project too much (ex: LUNA crash to zero), diversify your capital and the best thing you can use are the cold wallets (ex : ledger)
6- If you make a lose and get angry, take a break from the market and come back later... Don’t do revenge trading which will lead to more losses after losses
7- Always follow the news related to your coins/assets , as they can have a big impact on their price
8- There are times when you should not do anything (no trade zones) wait for triggers
9- Finally: One of the most important advantages of the crypto market is that the opportunities in it are renewable/endless ..and one of its most important rules is that : no matter how much profits you make, you are not rich unless you transfer it to your bank account because you may lose it all
10- Do not give up
Advices
What's the Best Trading Advice You've Ever Heard?In the comments below, share the best trading advice that you've ever heard. This could be an intelligent quote you heard or read. It could also be a piece of advice given to you by a family member or friend.
Let's create a collection together!
We'll also be gifting exclusive and limited edition TradingView shirts to 5 lucky comments! Please keep in mind that these shirts are only for members based in the US or Canada. If you're from another country, and you're randomly selected, we'll gift you some TradingView Coins.
We look forward to reading all the comments below 🔥
Quick coin analysis before buyingBINANCE:BTCUSDT
How to evaluate the tokenomics of the project?
Below you will find the main questions that you need to ask yourself when analyzing the tokenomics of the project - this scheme will not predict the price of the token with an accuracy of a cent, but it will help to predict the dynamics and assess the prospects.
1. Supply
Main question: based on supply alone, will the token be able to maintain/increase the price, or will it be eroded by inflation?
General supply
— How many tokens exist today?
How many will there be in the future? Is there a supply limit?
Emission rates
Is the emission rate fixed or changing?
— If it changes, what factors determine it?
Allocations/vesting
— How was supply originally distributed among investors, community, team? Are there any groups that own a significant share of the supply and could exert significant selling pressure after vesting ends?
— What is the vesting schedule for the largest holders?
2. Demand
Main question: why would anyone hold this token?
ROI
- Without taking into account the price increase, what income does a simple hold of a token bring (for example, due to staking)?
— Is it possible to get additional profit through farming?
— Are protocol revenues distributed among token holders?
— Is there a rebase* as inflation progresses?
* A rebase is similar to a stock split, when holding or staking a token allows the owner to increase its amount, thereby compensating for the impact of inflation (for example, a mechanism when the share of ownership of a supply remains unchanged).
Community
How active are Discord and Twitter of the project?
— Is there an ecosystem fund? Grants? Hackathons?
— How actively is the protocol working on community involvement?
— Are there one-time or ongoing initiatives to create additional demand for the token?
— Is there a token blocking program? If yes, how many awards are allocated to it and what are the requirements for receiving these awards?
— What share of the total number of tokens in circulation is locked?
— What additional selling pressure will arise after the expiration of locks?
Are there non-monetary benefits from staking and locking tokens (e.g. increased voting power)?
It is worth noting that even taking into account all these factors does not in itself guarantee the growth of the token or the success of the project, but is only one of the necessary aspects, in addition to the market phase, hype around a particular direction, and others.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Look at my ideas about interesting altcoins in the related section down below ↓
✅For more ideas please hit "Like" and "Follow"!