Do Not Get Over Excited, Whales are Squinting!
Do not get Excited.
Yesterday we saw a bullish momentum in the market finally after many days, and if the crypto market or SPX 500 pumps up what happens? DXY dumps.
This is exactly what happened yesterday when the DXY started to slip down a little bit, at the same time we saw the rise of US markets and therefore the crypto markets as well. Dumping $DXY could further result in the bullishness of native currencies like GBP (Sterling Pound) or INR (Indian Rupee) because recently US Dollar has been strengthening a lot which led to the decline in the power of other world currencies so if now dollar gets weak would result in the strengthening power of other currencies.
One little pump in the market and you can see what is happening all over Twitter. Now if you go to replies to these posts you will find people fighting for their opinions of "bull market is back" and "bear market remains" or "this is scam pump" and "this is a real pump". The whole reply section would be full of beef on these topics and other than that you will find bots promoting cam projects haha...wild jungle.
As per my analysis as well, I too believe in the bearishness of $DXY now but again do not get excited because the big players of the market just want that and will make you buy at the wrong long times or will make you hold positions at a long time and then will swallow up your money faster than a blink of an eye commonly known as LIQUIDATION. I have experience with this "liquidation" so do not think a random person is throwing his fucking garbage out here.
At the end of the day, everyone has an opinion about the market.
Some people think that the market is going to crash soon and that we should sell our stocks now. Others are confident that the market will continue to rise and that we should buy more when it dips.
No one knows for sure what's going to happen in this economy or whether we'll even see another bull run—but you can bet that some people have a lot of money invested in stocks and some don't.
If you're looking to invest your money in a way that will provide you with income while protecting your assets from downturns, then you need to be aware of what's happening right now in the market so that you can make informed decisions about how much risk you're willing to take on.
But still, if you think you can find a non-risk way to earn money in these FINANCIAL MARKETS and especially when it is coming to cryptocurrencies, you won't ever find it. Even if you think you can put your money into staking or yield farms and think that you are safe then no you are not. Even though yield farms could generate passive income but what if the coin itself gets destroyed to take the example of LUNA which is currently known as LUNC? If the coin gets destroyed, then WHAT IS A FARM, or are your STAKING REWARDS?
EVERYTHING IS FINISHED AT THAT TIME, that is why never trust anyone in the market except yourself and the charts. Charts won't lie to you, if you make a loss then it would be your mistake charts will never be responsible for the loss you will make for using them. You will be reading the chart wrong that is it.
I believe in long-term investments much more rather than shorter ones. I believe that you should invest in a project you believe in and are willing to hold for years, if not decades. Doing this with much smaller crypto projects like $CUB rather than any bigger ones could give you thousands of percent of return in the future very easily and again that is what crypto is known for. You will be rewarded with great returns over time, especially when your investment goes up and that would be going if the project you chose is some valuable one, therefore providing value and not a meme.
I also believe that it is important to look at things fundamentally and this is very very important for long-term investments, you can avoid looking at charts for long-term money investments but never forget to check it fundamentally although this thing could be skipped for short-term toke trading. For example, if you are investing in a crypto project, you should have a good understanding of its underlying technology before you invest. You should also understand how the team works and what they have done in the past.
I would not care what happens on Twitter or in a day or week because if you are putting in your money for 2 years then you have to stay strong and looking at these pages and making people 1000s of percent returns in a day could drive you crazy and possible distract you for your long term path and this has happened with me which made me learn several lessons. I am looking for people who want to build amazing products and make money by doing so.
Thank you everyone for going through the post and I hope you must have attained value from it. Probably you might have enjoyed it as well and even if you did not then I am sorry for that, I would try to make a better one, especially for you next time. Thanks again for every piece of support you gave and rest, have fun with an incredible rest of your day ahead. SANJAM
Posted Using LeoFinance Beta
