Wondering what's wrong with $SUI ?

well, Sui (SUI) will unlock about 64.19 million tokens at 12:00 AM UTC on November 1, representing 2.32% of the circulating supply, worth approximately $116 million.

The unlocking of 64.19 million Sui (SUI) tokens could have several implications for the token and its market
1. Increased Supply: The release of these tokens increases the circulating supply, which can lead to downward pressure on the price if demand does not keep pace with the new supply.

2. Market Sentiment: If investors perceive the unlocking as a sign of confidence from the team or as necessary for ecosystem growth, it could positively impact sentiment. Conversely, if they view it as a potential sell signal, it might lead to bearish reactions.

3. Liquidity: The additional tokens could enhance liquidity in the market, allowing more trading opportunities. This could be beneficial for price stability if managed well.

4. Potential Selling Pressure: If a large portion of the unlocked tokens is sold quickly, it could create significant selling pressure, potentially driving the price down in the short term.

5. Long-Term Impact: If the tokens are used to support ecosystem growth (e.g., funding projects, partnerships), it could foster long-term value, even if there are short-term price fluctuations.

In conclusion, the unlocking of SUI tokens could lead to short-term volatility, and its impact will largely depend on market sentiment and the actions of token holders following the unlock.

#Dyor2024

Do you agree with economist Alex Krüger?

“Trump winning would be positive for altcoins. I’m not bearish on ETH/USD. But there are many other coins to long.
So what will take to turn fundamentals around, change the trend? What will make ETH deflationary again? What’s the argument for betting on ETH rather than BTC + SOL?

Gensler out would help enable ETH ETFs (exchange-traded funds) to stake the ETH in custody, making the ETFs more attractive. But it would also open the door for SOL ETFs.

I’m no maxi. Welcome others trying to change my mind.”

Shareholders are increasingly pushing for companies like Microsoft to invest in Bitcoin, viewing it as a potential hedge against inflation and a way to enhance corporate asset diversity.

Advocates argue that Bitcoin's price appreciation could significantly benefit shareholder value, especially in a volatile economic environment.However, Microsoft is discouraging this move. The company’s board is urging shareholders to reject a proposal to invest corporate cash in Bitcoin during the upcoming annual meeting.

They argue that Microsoft already has effective asset management processes in place, with a Global Treasury team that regularly evaluates various investment opportunities, including cryptocurrencies. The board believes that a public assessment of Bitcoin investment is unnecessary, asserting that such moves could jeopardize shareholder value rather than enhance it.

The fact that shareholders are agitating for BTC adoption by Microsoft is good news.

People lie about news affecting crypto prices primarily to manipulate the market. By spreading false information, they create fear and uncertainty, prompting panic selling and driving prices down. This allows them to profit from short positions. The lack of regulation makes it easier for misinformation to spread without immediate consequences.

Social media plays a significant role in amplifying these lies, as misleading information can quickly gain traction and influence investor behavior. Ultimately, the combination of profit motives and the viral nature of information fuels the spread of false news in the crypto space.

To navigate this landscape effectively, it's essential to verify information from reliable sources. Consider following reputable news outlets and analysts, and engage in discussions within trusted communities. This approach can help you distinguish between genuine news and misinformation, allowing for more informed investment choices. #NoToBullshitNews

Buy spot $SUI today and hold till march 2025. Forget about the short term fluctuations.

"stop trying to crypto like you want to retire next week" (@shashxg)

A lot of people are advising that a major btc dump is on the way, so as to facilitate their shorts. Don't listen. Trust yourself and do what you must.

My friend, let's call him X, has been in the crypto space for about six years. He understands charts but has struggled with emotional management, as have I at times.

X has made some small progress, but has also experienced a few significant setbacks. Fortunately, he has never been liquidated.

X often finds himself in a good entry spot on an ascending crypto asset, but as soon as his profits reach $150, he convinces himself not to be greedy and exits the trade. When the trade goes against him, he holds it, hoping for a reversal, rarely using a stop-loss. Fortunately, he often ends up with a small loss or the trade recovers.

X often wonders why his losses on losing trades can skyrocket to over $500, while his gains on winning trades rarely exceed $400. The answer is simple: on winning trades in a bullish market, it's best to ride the wave until you notice a breaking trend line or other sad news. Happy Trading

Understanding Crypto Investments

When diving into crypto investments, remember that many analysts haven't got a clue of whatbwill happen next, they’re just hoping to pump their bags (including you and I). Bitcoin (BTC) is the king of crypto, influencing the price action of all altcoins. To make informed decisions:

1. Read the News: Stay updated on market developments.
2. Know the Basics of Charts: Understand key chart patterns to recognize trends IN LINE WITH BTC CHART.
3. Analyze Alts Based on BTC: Most altcoins mirror BTC's movements, so always compare alt performance against the BTC chart.
4: Strategy: have a strategy written on paper otherwise you are gambling.
5. Everyone is fighting for themselves, don't get too emotional when someone's prediction goes against you. They owe you nothing.
6. losing money while trading is normal, consider that tuition fee.
7. Don't trade daily 3-4 trades a week is standard.
8. Finally when most traders are bullish, turn the other way, you are in the Wild Wild West!

I wish you all that you wish yourself. Happy Trading #DYOR.

I know you are bullish and you hate stoploss, its okay, liquidations comes quick fast remember this is not a get rich quick scheme. make your few dollars then walk, another opportunity will arise. avoid daily trades.

don't be greedy, profit is profit!

# Steady On, Alt Holders!

While Bitcoin (BTC) may be experiencing volatility, now is not the time for altcoin holders to lose their nerve. In fact, we've seen Litecoin (LTC) gaining ground, even as BTC experiences these ups and downs.

It's important to remember that the crypto market is highly volatile by nature. Any investment decisions should be made with caution and after thorough research. This is not financial advice, but rather an encouragement to stay the course and have faith in the potential of your altcoin holdings.

The cryptocurrency ecosystem is dynamic and ever-evolving. Patience and a long-term perspective can often be the keys to weathering market fluctuations. Keep an eye on the broader trends and fundamentals, and don't get too caught up in short-term price swings.

Stay strong, alt holders. The future of crypto is bright, and your steadfast commitment could pay off in the long run.