If your Portfolio is bathing in BLOOD and you're a new investor, this article is for you.
BAT
0.2542
-0.43%
Instead of #panicselling
Read this article below with patience, you'll not regret it.
WHAT TO DO NOW?
Are you thinking to selling now??Market going RED!!!
It's totally understandable. Just keep in mind, that this here is just a correction and not an indication of Bear Market.
"Let me share with you my insights on this"
Though Whales and Market Makers (huge investors) makes most of the profits during these particular occasion of Single Candle stick going so down so fast and hard, that too right after few moments of your buying, we have to be Market is not controlled only by one or few Whales.Now that we know there are plenty of Whales who play this manipulative market of Volatility, what comes to our mind??? Guess what? They'll all love Profits......... So what you'd do in the place of these Whales who already entered the Market far before rest of its Whales who recently came in? You Sell right? Else how else you take your profits out? So here comes out the basic understanding of old told saying "ONE MAN'S PROFIT = ANOTHER MAN'S LOSS", which means once you see that huge candle dropping, what comes to your mind first? People are selling it so hard and something's bad is about to happen. So basically as common small level investors you got two choices,
To Sell, either at your current market's price, which could be either profit/loss completely subjective to your portfolio, and your entry timing. To Hold inorder to wait for the Market to recoup to sell at what you bought/ profits and exit the trade or reinvest.
5. Now you might think how come the market stays at Red once it sees huge dumps that, for that we should know there are two reasons
(i) Once a Whale identifies their selling position, how? They see the order book, and understand where the buying pressure is that pair, so they will Dollar Cost Average their trades until that highest buying pressure, and exit their trade at profits.
Despite it looks like stepping down to us from our point of view, they would have already seen Profits as they would have entered even before that sudden pump.(where we exactly bought our stupid Cryptos at 😂 - just kidding)
What this sudden dump leads to?
This "dump" again leads to two things impacting Daily Traders who either come in with good understanding of Technical analysis and Short budget Investors like us, who comes from multiple scenarios -
* Small Level funds person
*First timers - People who comes here for the first time ( either with small funds / big ones )
* Worst case - People who don't understand the market sentiments or fundamentals and puts all their life saving and gamble, thinking that they'll somehow turn around their poor lifestyle.
(ii) Another Whale starts accumulating the Crypto which was being sold during this "Dump" period making that "Correction" that we usually tell.
Why Red Steps?
Once the Red Step downs in the candle stick is visible, people who are daily traders are the ones who starts to sell and dump the coins as they're more focused on instant profits, rather than holding and waiting as Investors.
Because they're Traders, they need that profit all day all night. This is when WE people see the market and have a MINI HEART ATTACK, because we're not as pro as Old timers, and starts to sell. Though it seems like small to read at first, imagine it happening in millions of USD in few mins.
Crypto is a Global market, that's why we see high fluctuations like these, as the RED CANDLE would have started in one country during their timeline and would have carried on to another country like this
UTC+6: Bangladesh, Bhutan
UTC+6:30: Myanmar
UTC+7: Thailand, Vietnam
UTC+8: China, Malaysia
UTC+9: South Korea, Japan
UTC+9:30: Australia (Northern Territory)
UTC+10: Australia (Queensland)
UTC+10:30: Australia (South Australia)
etc....
In simple terms
Your Profit / Loss is Received from Another part of the World too.
If you're a
- Old timer
- Pro or Daily Trader
You're probably good on your own, as these categories are well aware of the market's sentiments and fundamentals, that they somehow rollball without maximum damage.
But if you're a New timer or People from the Worst case scenario
Your actions here at this particular point should be only focused on two things
* No greed, this destroys your profits along with your capital including your peace too.
* Never enter market, be it any trading pair, Never Ever enter any Market at its last/previous ATH
* Kindly follow few old timers in the market either personally or through digitally, they'll keep you in the loop about the market's update whenever necessary.
* Never get loans from outside and invest in crypto, never do that.
* Never do Futures unless you're completely ready to lose your 💯 capitals
*Take notes of all your trades either in a excel sheet or a old school notebook 📒, because you might not know when your Government will screw with you guys with the Tax Auditing.
(If you really want to get my excel sheet, you can feel free to follow me and comment, I'll try to share it with you)
* Also don't try to evade Tax, because you'll be screened even by Binance, once you submit all your KYC, you'll already be literally having open doors to your Secret Holdings data to both Binance and also the Governments.
* If you get micro profits, that's good too, do not be greedy, do not get manipulated by any post.
* DO NOT #PanicSell during the #correction
unless the project is being hacked/delisted by Binance or there's a new War, as it affects the economy too, that's how 2021 Bull Market fell down.
* Educate Educate Educate
Signs why I believe Crypto Market is not yet dead
* It's legalized in many countries by taxing the Users, though it's hurtful, it's not as worst as a Ban and framing us as a illegal law breakers.
* Here’s a clean and clear list of countries ranked by region, with irrelevant numbers removed for clarity:
1. India (CSAO) - Rank 1 - (is at top despite the fact that they are still trying to reform its tax filing reforms. First population rank in the World too, hence too much consumer base, that's why countries cherish Indian relationship when it comes to real life Trades of good and commodities)
2. Nigeria (Sub-Saharan Africa) - Rank 2
(is also at the top, despite their struggling economy and political standoffs)
3. Indonesia (CSAO) - Rank 3
Has a massive consumer base and also population rate, these are plus points for this country to keep growing more in Crypto investment.
4. United States (North America) - Rank 4 -
Trump Bro 😎👍
5. Vietnam (CSAO) - Rank 5
6. Ukraine (Eastern Europe) - Rank 6 -
War Torn Country, still Managed to rank here, though Ukraine was part of 2021 Bear market, people here fear for their own Country's Currency at the moment. There were many news how Cryptocurrencies helped Ukrainians when their own Country's Currency failed at the war times, you can research and find out.
7. Russia (Eastern Europe) - Rank 7 -
I guess we know it, their currency is also quite stressed with the war and stuffs, so people would have saved something on their Crypto wallets for future emergencies, USA sanctions, Russo-Ukraine war, NATOs friction, Rest of the world's care/hatred they got lot on their plates.
8. Philippines (CSAO) - Rank 8
9. Pakistan (CSAO) - Rank 9 - Our neighbouring Country, though We got so much of Political tug of war with country, I still love them for their Adoption Index ❤️, trust me, they're suffering alot too, yet you can see their Crypto Adoption Index
10. Brazil (LATAM) - Rank 10
11. Türkiye (Middle East & North Africa) - Rank 11
12. United Kingdom (Central, Northern & Western Europe) - Rank 12
13. Venezuela (LATAM) - Rank 13
14. Mexico (LATAM) - Rank 14
15. Argentina (LATAM) - Rank 15
16. Thailand (CSAO) - Rank 16
17. Cambodia (CSAO) - Rank 17 -
18. Canada (North America) - Rank 18 - They're in need of Tax too 😂😜
19. South Korea (Eastern Asia) - Rank 19 - Recently these guys pumped the market, although there's some small issue running over here with their Government and their new rule reforms, Crypto stays quite bright 🌞 😎 and okay there.
20. China (Eastern Asia) - Rank 20 -
Fun fact: They banned Cryptocurrencies twice and literally started the Bear Market during the 2021 Bull Run, I guess they gave so much pressure on their own country people, untill now, because they also are inclined for their piece of the pie now (tax tax tax baby) so despite their Strict government, China is still doing 20th in the Global Adoption Index, what does it teach me? Either Chinese People got Iron ⚽⚽, or Crypto is that unavoidable.
Let me know what you think...
Now ill share a small screenshot of world population rank for your better understanding
Conclusion
I wish you all the very best, you guys can do better, even though this not a Financial advice as I'm not a Financial Expert or something, just consider it as a friendly reminder. Only you Benefit from your Profit and only you can take responsibility for your losses too, so kindly
Do not hesitate to learn and #DYOR*
Latest Update : $BTC #bitcoin☀️ reached 100k , so if it dumps again, alt will pump ⛽
#BTC100K!
It's totally understandable. Just keep in mind, that this here is just a correction and not an indication of Bear Market.
"Let me share with you my insights on this"
Though Whales and Market Makers (huge investors) makes most of the profits during these particular occasion of Single Candle stick going so down so fast and hard, that too right after few moments of your buying, we have to be Market is not controlled only by one or few Whales.Now that we know there are plenty of Whales who play this manipulative market of Volatility, what comes to our mind??? Guess what? They'll all love Profits......... So what you'd do in the place of these Whales who already entered the Market far before rest of its Whales who recently came in? You Sell right? Else how else you take your profits out? So here comes out the basic understanding of old told saying "ONE MAN'S PROFIT = ANOTHER MAN'S LOSS", which means once you see that huge candle dropping, what comes to your mind first? People are selling it so hard and something's bad is about to happen. So basically as common small level investors you got two choices,
To Sell, either at your current market's price, which could be either profit/loss completely subjective to your portfolio, and your entry timing. To Hold inorder to wait for the Market to recoup to sell at what you bought/ profits and exit the trade or reinvest.
5. Now you might think how come the market stays at Red once it sees huge dumps that, for that we should know there are two reasons
(i) Once a Whale identifies their selling position, how? They see the order book, and understand where the buying pressure is that pair, so they will Dollar Cost Average their trades until that highest buying pressure, and exit their trade at profits.
Despite it looks like stepping down to us from our point of view, they would have already seen Profits as they would have entered even before that sudden pump.(where we exactly bought our stupid Cryptos at 😂 - just kidding)
What this sudden dump leads to?
This "dump" again leads to two things impacting Daily Traders who either come in with good understanding of Technical analysis and Short budget Investors like us, who comes from multiple scenarios -
* Small Level funds person
*First timers - People who comes here for the first time ( either with small funds / big ones )
* Worst case - People who don't understand the market sentiments or fundamentals and puts all their life saving and gamble, thinking that they'll somehow turn around their poor lifestyle.
(ii) Another Whale starts accumulating the Crypto which was being sold during this "Dump" period making that "Correction" that we usually tell.
Why Red Steps?
Once the Red Step downs in the candle stick is visible, people who are daily traders are the ones who starts to sell and dump the coins as they're more focused on instant profits, rather than holding and waiting as Investors.
Because they're Traders, they need that profit all day all night. This is when WE people see the market and have a MINI HEART ATTACK, because we're not as pro as Old timers, and starts to sell. Though it seems like small to read at first, imagine it happening in millions of USD in few mins.
Crypto is a Global market, that's why we see high fluctuations like these, as the RED CANDLE would have started in one country during their timeline and would have carried on to another country like this
UTC+6: Bangladesh, Bhutan
UTC+6:30: Myanmar
UTC+7: Thailand, Vietnam
UTC+8: China, Malaysia
UTC+9: South Korea, Japan
UTC+9:30: Australia (Northern Territory)
UTC+10: Australia (Queensland)
UTC+10:30: Australia (South Australia)
etc....
In simple terms
Your Profit / Loss is Received from Another part of the World too.
If you're a
- Old timer
- Pro or Daily Trader
You're probably good on your own, as these categories are well aware of the market's sentiments and fundamentals, that they somehow rollball without maximum damage.
But if you're a New timer or People from the Worst case scenario
Your actions here at this particular point should be only focused on two things
* No greed, this destroys your profits along with your capital including your peace too.
* Never enter market, be it any trading pair, Never Ever enter any Market at its last/previous ATH
* Kindly follow few old timers in the market either personally or through digitally, they'll keep you in the loop about the market's update whenever necessary.
* Never get loans from outside and invest in crypto, never do that.
* Never do Futures unless you're completely ready to lose your 💯 capitals
*Take notes of all your trades either in a excel sheet or a old school notebook 📒, because you might not know when your Government will screw with you guys with the Tax Auditing.
(If you really want to get my excel sheet, you can feel free to follow me and comment, I'll try to share it with you)
* Also don't try to evade Tax, because you'll be screened even by Binance, once you submit all your KYC, you'll already be literally having open doors to your Secret Holdings data to both Binance and also the Governments.
* If you get micro profits, that's good too, do not be greedy, do not get manipulated by any post.
* DO NOT #PanicSell during the #correction
unless the project is being hacked/delisted by Binance or there's a new War, as it affects the economy too, that's how 2021 Bull Market fell down.
* Educate Educate Educate
Signs why I believe Crypto Market is not yet dead
* It's legalized in many countries by taxing the Users, though it's hurtful, it's not as worst as a Ban and framing us as a illegal law breakers.
* Here’s a clean and clear list of countries ranked by region, with irrelevant numbers removed for clarity:
1. India (CSAO) - Rank 1 - (is at top despite the fact that they are still trying to reform its tax filing reforms. First population rank in the World too, hence too much consumer base, that's why countries cherish Indian relationship when it comes to real life Trades of good and commodities)
2. Nigeria (Sub-Saharan Africa) - Rank 2
(is also at the top, despite their struggling economy and political standoffs)
3. Indonesia (CSAO) - Rank 3
Has a massive consumer base and also population rate, these are plus points for this country to keep growing more in Crypto investment.
4. United States (North America) - Rank 4 -
Trump Bro 😎👍
5. Vietnam (CSAO) - Rank 5
6. Ukraine (Eastern Europe) - Rank 6 -
War Torn Country, still Managed to rank here, though Ukraine was part of 2021 Bear market, people here fear for their own Country's Currency at the moment. There were many news how Cryptocurrencies helped Ukrainians when their own Country's Currency failed at the war times, you can research and find out.
7. Russia (Eastern Europe) - Rank 7 -
I guess we know it, their currency is also quite stressed with the war and stuffs, so people would have saved something on their Crypto wallets for future emergencies, USA sanctions, Russo-Ukraine war, NATOs friction, Rest of the world's care/hatred they got lot on their plates.
8. Philippines (CSAO) - Rank 8
9. Pakistan (CSAO) - Rank 9 - Our neighbouring Country, though We got so much of Political tug of war with country, I still love them for their Adoption Index ❤️, trust me, they're suffering alot too, yet you can see their Crypto Adoption Index
10. Brazil (LATAM) - Rank 10
11. Türkiye (Middle East & North Africa) - Rank 11
12. United Kingdom (Central, Northern & Western Europe) - Rank 12
13. Venezuela (LATAM) - Rank 13
14. Mexico (LATAM) - Rank 14
15. Argentina (LATAM) - Rank 15
16. Thailand (CSAO) - Rank 16
17. Cambodia (CSAO) - Rank 17 -
18. Canada (North America) - Rank 18 - They're in need of Tax too 😂😜
19. South Korea (Eastern Asia) - Rank 19 - Recently these guys pumped the market, although there's some small issue running over here with their Government and their new rule reforms, Crypto stays quite bright 🌞 😎 and okay there.
20. China (Eastern Asia) - Rank 20 -
Fun fact: They banned Cryptocurrencies twice and literally started the Bear Market during the 2021 Bull Run, I guess they gave so much pressure on their own country people, untill now, because they also are inclined for their piece of the pie now (tax tax tax baby) so despite their Strict government, China is still doing 20th in the Global Adoption Index, what does it teach me? Either Chinese People got Iron ⚽⚽, or Crypto is that unavoidable.
Let me know what you think...
Now ill share a small screenshot of world population rank for your better understanding
Conclusion
I wish you all the very best, you guys can do better, even though this not a Financial advice as I'm not a Financial Expert or something, just consider it as a friendly reminder. Only you Benefit from your Profit and only you can take responsibility for your losses too, so kindly
Do not hesitate to learn and #DYOR*
Latest Update : $BTC #bitcoin☀️ reached 100k , so if it dumps again, alt will pump ⛽
#BTC100K!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.