akomo (@akomo) • Hey
akomo (@akomo) • Hey
Publications
- Big big things this week
- The future is promising here 💯
- Go hard or go home
- It's BTC halving week, what's you BTC price prediction after the event?
- We pray against wasted efforts this new week 🙏
- LFG Guys
- After a very long wait and so much work, L3 finally achieved.
- Weekend is over, tomorrow is Monday 🙄
- LFG Venom
- Few days to BTC halving 😳🙄
- We hope Venom cook well
- I want to be OG in this game.
- 🤔 Economics vs. politics: what affects trading the most?
💱 Trading markets are intricately intertwined with economics, with factors such as supply and demand, interest rates, inflation, and economic growth influencing asset prices. Economic indicators like GDP growth, unemployment rates, and consumer spending can significantly impact market sentiment and drive buying or selling behavior among traders.
🤵 However, when politics enters the equation, it introduces a layer of complexity that can overshadow pure economic fundamentals. Political decisions, policies, and geopolitical events have the potential to disrupt markets and create volatility that surpasses the influence of economic factors alone.
📉 Political events such as elections, changes in government leadership, trade agreements, sanctions, and geopolitical tensions can directly impact market dynamics. For instance, the announcement of new trade tariffs or the signing of a significant international trade deal can cause fluctuations in currency exchange rates and stock prices.
😨 Moreover, political instability or uncertainty can breed market uncertainty. Investors and traders may become more cautious and risk-averse in response to political turmoil, leading to increased market volatility and abrupt price movements.
📰 In such a dynamic and interconnected environment, traders rely heavily on reliable news sources to stay informed about political developments and their potential implications for the markets. A comprehensive understanding of how political events may intersect with economic factors is essential for making informed trading decisions.
✅ A reliable news source should provide accurate and timely information on political events, policy decisions, and geopolitical developments worldwide. It should offer insightful analysis, too. And you know what? 1ex Trading Board has such a news source! It breaks down each news piece out there into a short message, never repeats itself, and gives you an insight on how news correlates with the market moves and volatility.
💡 Only by staying informed and adaptable to changing political and economic landscapes, traders can better navigate market fluctuations and position themselves strategically to capitalize on opportunities while managing risks effectively.
- February will definitely be great.
- 💰 With all the hype around spot Bitcoin ETF, we see that the good old tactics "buy the rumor, sell the news" is still there
Currently, analysts are totally dissatisfied with asset inflow to Bitcoin
We can tell you one thing for sure: big money moves slowly. It will take months, if not years for those billions to flow in 🐢
- STAY SAFE ALWAYS
As a crypto guy/lady
No 1. Never connect to any public WiFi, be it free and secured. Even your friends own. Always buy your data.
No 2. Never install apps that are not on playstore, even the ones on playstore aren't all safe, but they do pass some verdict. People use app not found on playstore to Install Trojan. Which serves as a back door.
No 3. Always scan a website before you click on it. Mostly especially the one's from emails, copy it first. Use total scan before you proceed. If you don't understand, ask questions
No 4. Not everything you should interact with. Let's some go, especially if it's moving funny
No 5. Don't go on twitter clicking links up and down. Mostly na scammers full there, Elon is just after he's money, he's doesn't care. be your security!
No 6. Don't trust Nobody. I mean NOBODY
And lastly, you're still not safe. Always be cautious and acts accordingly.
- 🤑 Should a successful trader show off?
Well, there are many reasons not to.
1️⃣ First and foremost, personal safety
In the digital age, any piece of information about you that becomes publicly available can entail undesired consequences for you.
Although the web is pseudonymous/semi-anonymous, when several data points are combined, the result is always not in your favor.
2️⃣ Undesired attention on social media may follow
Whatever your result is, it will never be enough for haters & buzz kills. To resist it, you need to be thick-skinned.
3️⃣ Karma is a bitch
Exactly the moment you feel you know it all and have everything under control, some black swan you were not prepared for may arrive to steal your thunder.
So flex reasonably, know when it's best to be tough and when to be kind. Don't fly too high without your co-pilot (yes, we mean us) and a parachute (safety precautions).
Falling does hurt ⛑
- Permit me to give a try again, because, when I love, i dedicate and devote 100%, and what drives my love, dedication and devotion for phaver is, phaver outstanding qualities did, and I'm glad to be part of this great community and project.
I'm Akomo by name, been a dedicated member of phaver for years, I loved it and enjoyed it, to enjoy more phaver outstanding features prompt me to apply for phaver frens.
Phaver friends role is like decorating a gallant soldier with lot of star ranks, which makes them more outstanding in their duties, so, I pray for fren role to be more outstanding among the community, and to access more phaver features to enhance my content creating on phaver the more.
I will be so blessed if I'm granted this time.
Your's Phavering,
Akomo.
- 📈 This chart starts on Dec 5, 2022, when Jim Cramer said:
“It’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets.”
Well, retrospectively, he did call one thing correctly: the exact bottom of the crypto bear market 😜
Moral: do not listen to other people telling you what/when to buy/sell.
You either hire an asset manager and let them do their job
OR
You get down to the bottom of the asset class of your interest and trade it/find out patterns and cycles yourself.
A 20/20 hindsight note: media narrative controllers like Mr. Cramer might as well profit by doing the exact opposite of what they tell you in public.
Mr. Cramer did acknowledge that he profited from cryptocurrency significantly.
- ❔Q: Crypto projects from what areas will be hot in the next bull cycle?
❕Ilya Shirokov: When the next bull run comes, we’ll see the results in the market. More people will get involved in crypto. Crypto will get more attention. The blockchain tech will be popularized. As a result, this tech will penetrate daily business operations and management. I suppose the projects focused on practical utility for normal people will ride high. Let’s wait and see.
Be prepared
- 🏦🪙 Do you think CBDC will become as popular as crypto?
Venezuela wrapped up its petro (which technically was a cryptocurrency, but still was issued by a national government). Meanwhile, Japan with its ultra-high cash adoption and financial inclusion is unsure whether it needs a CBDC, and a non-government consortium is building it there.
Is CBDC called for? Does it have a use case that will be needed by people? Fiat money has problems of its own. Building on its foundation and bringing more issues to the table doesn't make it any easier or better. Money is free like water, it will flow around the obstacles.
- 💼 Navigating Crypto Futures: Strategies for Prudent Trading and Risk Management
📈 Crypto futures trading is volatile, and although this is what brings you opportunities, a trader must allocate funds effectively to be able to manage risk and maximize returns. As a trader, you must be disciplined and maintain the delicate balance between capital per trade, trading capital, and reserves to navigate the unpredictable market dynamics.
🎯First and foremost, a prudent approach involves allocating not more than 10% of all funds to trading capital. If you do this, no matter what black swan happens in the market, even if you lose all your trading capital, you will still have the rest 90% of your total capital with you. Not bad for covering your bases, huh?
🎲 Your trading capital serves as your tool for capturing market opportunities, so use this tool wisely. As you are prudent traders (if you read 1ex Trading Board, we bet you are), never risk more than 1% of the trading balance in one trade. Why 1%? You get a maximum of 50 chances out of 100 to fail. 50 fails is the red line you never cross, because after it lies the territory of pure gambling. 50 fails is an evident sign that your strategy stopped working. We are professional traders, not gamblers. Remember it at all times.
🔄 Next, you should enter a trade only when your risk to reward ratio is 1:3 or better (below 1:2 is gambling, too). Also remember that excessive leverage amplifies losses, so manage this risk accordingly.
🌐 What concerns trading capital allocation, diversification is key. Instead of concentrating all funds in a single asset or trading strategy, spreading investments across different cryptocurrencies and strategies can mitigate risks. This approach helps protect your portfolio from adverse market movements impacting a specific asset or sector. (Remember how Ethereum-related coins surged and Bitcoin dipped after spot Bitcoin ETFs were approved.)
💰Do not underestimate your reserves. These funds are a buffer for mitigating losses during unfavorable market conditions: margin calls, unexpected expenses, periods of drawdown, you name it. They ensure you have liquidity and are able to manage risks.
🚦Figuratively, these rules are written in the blood of traders who lost their deposits. Only discipline can help you overcome the fails in the market. A pilot who is not disciplined will crash their plane. A trader who is disciplined will never lose more than a half of their trading capital in failed trades (which is just 5% of the total capital, remember? 😉).
- ✅✅✅BULL MARKET is here, learn to take "Profit".📈🚀🚀🚀
I know am not in position to tell you what decision to take in the market or with your funds, but mind you profit taking is top of the game as HODL can't be underestimated as well.
Few tip on profit taking.
1. Always remember the smartest makes the money in crypto market.
2. After successful X2 (200%) learn to take out your capital, so you keep the rest as moon bag if necessary.
3. Always remember your stop lost limit.
4. Always learn to move on after taking profit.
5. Dyor: Do your own research.
6. Don't FOMO, When you miss a good entry, learn to move on, another good entry opportunity will surely come, so, is good to still have your fund available to take advantage of it.
7. Beware of influencers chill tokens, because they mostly rug the projects.
8. Always remember all project Dev are not your friend, always vigilant and stay updated with any token you are holding.
9. Stay safe with your wallet, you can read my previous post on wallet safety.
10. NFA: all the above stated are "Not Financial Advice.
Writer: @Akomo
- ⚠️⚠️⚠️ Your funds security should be your topmost priority. ⚠️⚠️⚠️
Be yourself security, your funds should be your most priority, be vigilant and stay put from every too sweet to be true offers, and always know scammers are always to good to be true, because, they will always want to help.
How to stay more careful.
- Scammers will always ask for sensitive informations about your account/wallet.
- Beware of pitching links, don't click every links you see online or on every Social media.
- Always confirm your links from verified page, such as projects verified Discord, Twitter, Telegram e.t.c
- Scammers will always give you mouth watery offers.
- Scammers will always like to help in a private conversations.
- Scammers will always tell you the conversations should between you too, so they don't get casted.
- Scammers are always putting pressure.
Don't be victim of scammers.
Have a great market experience and make more money.
- ⚠️ Avoid the scam
Cases of spam and scam mailings have become more frequent. The following guide will help you to avoid dealing with scammers:
🔺 Administrators, moderators and the Community Team will never contact you asking for personal details or the seed phrase of your wallet address. If you receive such a message, be careful not to trust such requests.
🔺 Don't trust anyone who says they are from a support or help desk. This could be a false claim made by scammers. Do not click on any links they give you and do not install any extensions or programs.
If you have questions about the project, ask the administrators in our official chat:
Remember that your safety and the security of your money should be your priority.
Be careful and watch out for scammers!
- Hey everyone, I'm new here, I just got a lens profile, hope is fun here
- Ordinals to me is a good development, at least it makes Bitcoin more demanding and useful in the market.
https://cointelegraph.com/news/ordinals-put-digital-graffiti-bitcoin-blockchain