“Buying more” to offset losses can be risky in volatile markets. If the market is falling, it would be best to consider the risk of further decline.
AndersoNNuneSSantoS
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Good afternoon! I bought some cryptos and the market is falling, right? One question, so I don't lose everything, should I buy more so that it doesn't go to 0 in the hope of going up again and recovering everything and the profit along with it? I know it's far from happening, but I just want to know...
Saying what has already been said… What I am seeing with $XRP reminds me of a phenomenon that has already occurred in the past. The community is so excited about the currency that they defend it with memes and even with anger towards those who try to warn them about the risks. This reminds me a lot of what happened with GameStop, when there was a huge increase in the value of the shares. And we all know what happened after that “pump” in the price. Those who know the history are more likely to avoid the same mistakes from happening again.
When many people hold onto their cryptocurrencies and do not sell them, the supply decreases, which tends to increase the value of the coin due to increased demand.
Martabrander
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From what I understand, if everyone holds on and doesn't sell, it will be worth more, but if people start selling out of fear of a fall, the value will fall, right?
The most talked about digital currencies of the month
What are the bets for September?
Bitcoin (BTC): The largest cryptocurrency remains firmly at the top, but the market's eyes are on the new global regulations that could change the game. 💥
Ethereum (ETH): With its recent updates, ETH continues to be a protagonist in the areas of DeFi and NFTs, further consolidating its place in the market. 🔗
Solana (SOL): The blockchain gaming sector has driven Solana's growth, attracting more and more investors. 🎮🚀
Chainlink (LINK): The expansion of blockchain oracles opens a new promising horizon for LINK. 🌐🔗
Dogecoin (DOGE): From meme to currency, Doge continues to be watched, with the potential to surprise. 🐕💸
Don't forget: study, follow trends and invest wisely! 📊
Cryptocurrencies are here to transform the way we think about money 🚀💡 In a decentralized and global way, they are empowering investors and opening doors to incredible opportunities. Whether it's to invest or to understand the revolution that is underway, it's time to get up to date and take advantage of this growing market! 📈💰 Get ready for the future, where cryptos are the key! 🔑🌍 #CryptoRevolution #FuturoDigital