LeoGagliardi

It is a coin x5. Whatever goes up or down is multiplied by x5. If it drops by 10% in value, it loses 50% and goes down to 1000. Then if it rises by 15%, it will gain 75% on the invested amount, which is 1000. 1750

Given how the markets are, I have more confidence in #BANANAS31USDT than in ETH or XRP....

#IsraelIranConflict
Leo posts from colleagues wondering why there was a drop today? and trying to explain based on panic - non-panic and in short, Emo explanations, which could be true when other things do not happen. But in this case, although bombs did not fall, things did happen: Iran declared a closure of cargo transit through the Strait of Hormuz. This detail is relevant for the markets because 30% of the world's oil, from Dubai, Kuwait, etc., goes through there. If the production of 30% of the world's oil is closed, the barrel price will rise, and when the markets open, it is obvious that the shares of companies producing oil from fields outside the Strait of Hormuz will rise significantly, while those dependent on Hormuz will drop significantly. So, traders sold their cryptos to have liquidity at the first moment the markets open tomorrow, Monday. Now, there are two other events that could occur at the market openings: 1) the drop in shares of Hormuz-dependent oil companies, Petronas and others, might spill funds fleeing towards the crypto market. but also 2) mixed traders who only trade during financial market hours might sell their cryptos tomorrow to buy oil stocks that are going to rise. One factor would raise the cryptos and the other would lower them, and the net result will be unpredictable. We will have to see it with the openings. The truth is that Iran will not be able to sustain that closure. Because one thing is to confront the US and Israel, and another is to become enemies with the entire planet. So they will negotiate, and in a few days the markets will return to normal, and the cryptos will recover strongly (if Donald doesn’t pull another one of his stunts) #HormuzEffect

I don't know. I'm tired of losing money with these crypto garbage

ETH has been moving quite independently of BTC and the rest. In the rises of all the coins, ETH lagged behind. The adjustment was to be expected, with or without a whale.

I see people who do not understand sarcasm......

While everything was collapsing, I saw several posts like #sol "it's receiving support at 110-115. the bounce is coming" then "it broke the floor. it's receiving support at 100-110. the bounce is coming"... it touched 96. How long would it fall and I without getting out? Who should I believe? Well, for me it's simple: until I see the Chinese market open and see that the Chinese provided support. It already happened after the scare at 96, it quickly recovered to 98, meaning that market bought on the dip. Now the European markets are opening and they see that China provided support, they are heading straight for buying, and while I write these lines, it broke the 100 barrier. The US will see what China and Europe did, but it won't necessarily follow the logic since Trump's big mouth also influences, and every time he opens it, the markets don't do well. I estimate that until the opening of Wall Street, they will rise, and proportionally to how much they fell. Curiously, some memes like #pepe held up better than classics like #ETH or #solana .

What is being extinguished is "the entire monetary theory that we know". Not the one based on blockchain, which is increasingly gaining more followers, companies, organizations, and even countries.