need your advice :)

ahmadomar966

ahmadomar966

Regular Member
Joined
May 26, 2016
Messages
313
Reaction score
73
Hello, I am new to cryptocurrency. Last Sunday, I saw news about Trump launching his coin, which made me excited to invest since I had seen stories of others becoming wealthy through similar ventures. I already had a verified Binance account, but I hadn’t used it. In my country, purchasing cryptocurrency with a credit card is not an option, so I used the peer-to-peer (P2P) feature on the app instead.

I invested approximately $1,300 in Trump Coin, buying it at $60 and selling at $69. Shortly after, the price dropped significantly, and I considered myself fortunate to have sold in time. However, given the current situation, I decided to reinvest in the coin, but this time I incurred a loss of about $160 from spot trading.

Do you think I should wait for Trump Coin’s price to drop before reinvesting, or should I focus on learning more about cryptocurrency and consider investing in a different coin instead?
 
Advertise on BHW
ahmadomar966 said:
should I focus on learning more about cryptocurrency and consider investing in a different coin instead?
Click to expand...
Yes. Coins like TRUMP need an early entry to make some money. If you enter when everyone else is dumping, then you are going to be taking losses. There is even a popular thread on BHW where OP purchased TRUMP at 8. Have a look at that. You entered at a super high price.
 
shijin said:
Waiting for a price drop could work, but focusing on education and safer investments might save you losses in the long run
Click to expand...
that's exactly what I thought!
Anyone recommend any courses or youtube channels to learn more about crypto ?
 
ahmadomar966 said:
Hello, I am new to cryptocurrency. Last Sunday, I saw news about Trump launching his coin, which made me excited to invest since I had seen stories of others becoming wealthy through similar ventures. I already had a verified Binance account, but I hadn’t used it. In my country, purchasing cryptocurrency with a credit card is not an option, so I used the peer-to-peer (P2P) feature on the app instead.

I invested approximately $1,300 in Trump Coin, buying it at $60 and selling at $69. Shortly after, the price dropped significantly, and I considered myself fortunate to have sold in time. However, given the current situation, I decided to reinvest in the coin, but this time I incurred a loss of about $160 from spot trading.

Do you think I should wait for Trump Coin’s price to drop before reinvesting, or should I focus on learning more about cryptocurrency and consider investing in a different coin instead?
Click to expand...
Bro, have a look at other coins. Like ETH underperformed this cycle, so you would easily get a 2x on that and more stable than memecoins. If you don't know what you're doing, you will loose your money.
 
Honestly, there’s no time for that... it could take years. Create two portfolios for yourself: one for experimenting and playing around, and the other made up of coins you understand and genuinely believe in.
 
hard to say because this coin is being going up and down multiple times during the day and last daysat some point almost reach 20 again and then went up to 40 try to hold and make the best desition but being honest right now is difficult to now because his coin and milenia is getting a lot of attention so everyone is just trying to get their piece of cake just stay alert and when you see the chance to get back your investment do it but this is my opinion and be mindfull because is pure luck with meme coins.
 
ahmadomar966 said:
I invested approximately $1,300 in Trump Coin, buying it at $60 and selling at $69.
Click to expand...
Did you cash out your winnings or keep them in crypto? If you kept them in crypto then you didn't realise your gains. If you cashed out, well done. You made a profit. Thats the only 2 realities here.

If you didn't cash out already, (I don't think you can) why would you put more in? The stories you have heard, are just from peoples fiction novels that's all. Nobody is putting money in crypto and regularly taking out profits. Everyone keeps their money and "claims" they made a profit. But a claim doesn't === reality.

One cash in the hand is worth more than two cash in the bush, lol
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top