The Federal Reserve's recent 50 basis points (BPS) interest rate cut is a significant move that's making waves in both traditional and cryptocurrency markets.
Essentially, this cut means the Fed is reducing its federal funds target rate by 0.50%...
HOW DOES THIS AFFECT MY CRYPTO 🤷?
A lower interest rate environment can make cryptocurrencies more attractive to investors seeking alternative assets BULLISH!💰
However, it's essential to note that the crypto market's reaction can be volatile and influenced by various factors.Key takeaways 🔐 :
- Lower interest rates : Cheaper borrowing and potentially higher stock prices - Economic growth : Fed's efforts to support the economy and curb inflation - Cryptocurrency boost : Increased investor confidence and potential price growth
By the way, Probably not seeing the sentiments vividly on the charts? Don't forget you are playing with some big g*ns with big money on the space.
Therefore, endeavour to wait it out on your portfolio watch...
Sooner or later, the market will soak in the necessary price impact...
Y'all racing to pump liquidity into any figure or context in token or coins since it's no longer news that the Bull-run is less than a Mile away now, right?
Please Note 🔻🔻🔻--> Not all coin will make you your Dream Millions. Don't drag your efforts into futile Investment due to lack of knowledge.
You can better position well by performing due diligence in Doing_YOR #dyor - A 35 Unit course of a string of crucial Tombstones to check in your quest for unearthing your generational wealth gem.
Part of the dues to note - of course - is the Proficiency of a token's Whitepaper.
Lest you invest in a slurry token midget,how well do you know what the whitepaper says?
Shilling you 3 Basic Knowledge about WHITEPAPERS.
Understanding the purpose of a coin's whitepaper is important for a few reasons.
1 --> it can help you determine whether the coin is a good fit for your investment strategy.2 --> it can give you a sense of the coin's potential for growth and its future plans.
3 --> it can help you understand the risks associated with the coin.
Whitepapers can be technical and difficult to understand, but they are worth taking the time to read.You don't need keen ears to hear the Bull 🐃roaring at this point in time.
Preparing for the Bull-run? and on rampage to stuff some stacks into some tokens?
AGAIN....Pin this📌
Not all token will give you your dream wealth.
So Know your research( In case you wanna guess why I'm here).
Until very soon. Post-Credit --> Who else is checking the #Ethererum charade of recent? 😋 $BTC $ETH $BNB
On today's Session on #GetsmarterinCrypto , we are gonna be discussing about SLIPPAGE tolerance and how they could potentially affect your trade.
Okay, Let's Go Formal;
Slippage tolerance is a concept in the cryptocurrency world that refers to the degree of price movement that a trader is willing to accept.
In other words, it's the maximum amount that the price can change from the time the trade is placed to the time it's executed.
This is important because the cryptocurrency market is very volatile, and prices can change rapidly.
A high slippage tolerance means that the trader is willing to accept more risk in exchange for a faster trade execution. (A brief Casual"__" So, Let's say there is this new coin coming out say #TOKENFI of #Floki and you wanna ape in fast to meet up with the 20,000% as the massive liquidity pour in, the price volatility here is undoubtedly gonna be feisty and a little SLIPPAGE tolerance wouldn't cut it for your price action.
Increasing your Slippage tolerance(significantly) is like signing a contract of say "I agree that there might be a huge Discrepancy in price details since a lot will be hoping on this new coin, but I agree to get in the trade Right away, no matter price cut of volatility might usurp".
Just that....
BRIEF NOTE ON THE EFFECTS Slippage tolerance affects several things.
First, it affects the likelihood of a trade being executed at the desired price.
A low slippage tolerance means the trade is more likely to be executed at the desired price, but it could take longer to execute.
On the other hand, a high slippage tolerance means the trade is more likely to be executed quickly, but the price could be significantly different from the desired price.
Slippage tolerance also affects the amount of fees paid for a trade, as well as the risk exposure of the trader.
Are you planning to make any trades in the near future?
Have you just gotten smarter on how to Navigate your way on these huge tech obscurities...?
IS HISTORY GONNA REPEAT ITSELF OR WE ARE GONNA MAKE A NEW ONE?
Since the inception of #BTC, ( Ouw, proper English...)Since #BTC went Mainstream in 2013, there has always been a history of an annual All time High/Low - except for 2019 which was the run-up year to the 2020 #Bull-run - towards the end of the year.This Historic breaks are MAJORLY notable around the penultimate-to-the-ultimate month of the year (November - December) or ranging between the first 2 months of a new year.Therefore, Ladies and Gents, It's a pleasure to break it to you that we've ju