Creating a trading plan is an important step in becoming a successful cryptocurrency trader. A trading plan can help you stay organized, stay on track, and make better decisions when trading cryptocurrencies. Here’s how you can create a trading plan for cryptocurrency trading:

1. Define your goals: Before you start trading, it’s important to have a clear idea of what you hope to achieve. Are you looking to make a quick profit, or are you more interested in long-term growth? Do you have a specific target in mind for your portfolio, or are you more focused on diversifying your investments?

2. Understand the market: Before you begin trading, it’s essential to have a good understanding of the crypto market. This includes keeping up with the latest news and developments, analyzing charts, and studying technical indicators.

3. Decide on your strategies: There are many different strategies you can use when trading cryptocurrencies, including day trading, swing trading, and long-term investing. You need to decide which strategies are best suited to your goals and the level of risk you’re comfortable with.

4. Set entry and exit points: Before you enter any trade, you need to have a clear idea of your entry and exit points. Your entry point is the price at which you will buy a cryptocurrency, and your exit point is the price at which you will sell. Make sure to also set your stop loss.

5. Diversify your portfolio: Diversifying your portfolio is an important part of risk management. This means spreading your investments across different cryptocurrencies, and not putting all your eggs in one basket.

6. Keep a trading journal: Keeping a trading journal can help you stay organized and track your progress. You can use your trading journal to record your trades, as well as any insights or lessons you’ve learned along the way.

7. Review and adjust your plan regularly: No plan is set in stone; market conditions change and you might need to adjust yours. Regularly review your plan and adjust it as needed.

By following these steps, you can create a trading plan that will help you navigate the crypto market with confidence and make better decisions. Remember to never invest more than you can afford to lose, and don’t get caught up in the hype, always have a well- thought-out plan to follow.

If you are looking for a reliable broker to start trading crypto with, consider NordFX. NordFX is an international broker with over 14 years of experience in financial markets. Since 2008, the company has been awarded more than 60 prestigious professional awards. The number of accounts opened in NordFX by clients from almost 190 countries has exceeded 1,700,000 as of today.

Elon Musk’s net worth took a pounding in 2022, spiraling downward from its lofty $340 billion record in November 2021, to $137 billion, according to Bloomberg Billionaires Index, which makes him the first person in history to lose $200 billion.

The significant drop in Musk’s fortune was as a result of the plunge of Tesla’s stock, which has fallen 65% since last year. With his fortune largely tied to Tesla’s shares, Musk has got into the Guinness World Records as the biggest loser of personal fortune in history.

Japanese tech investor Masayoshi Son, previously held the record with a whopping $58.6 billion loss in 2000.

With his current $137 billion fortune, Musk is ranked the second richest person in the world behind the founder of luxury goods conglomerate, Louis Vuitton Moët Hennessy (LVMH) Chairman Bernard Arnault, who is now the world’s richest man with estimated net worth of $175 billion.

However, it is expected that Musk will regain the first place at Billionaires Index this year, as soon as Tesla shares return to bull runs.

In February 2000, when Son’s net worth nosedived, it was a decline from a peak of $78 billion to $19.4 billion in July of the same year. His misfortune was attributed to Softbank’s ordeal, which was hit hard by the dot-com crash. The Japanese company’s situation deteriorated and Son’s net worth was reduced by as much as $5 billion in a single day.

However, Softbank later bounced back, recouping its losses and also making more. The conglomerate, which is now a notorious venture capitalist, has gone on to acquire many companies around the world, including British and American firms. Following its recovery, Son regained his wealth.

Many have made reference to this situation as Tesla’s value and Musk’s net worth take a beating. Tesla’s shares decline has been largely attributed to Musk’s focus on Twitter, his newly acquired social media company that he is working to transform. Musk has sold Tesla shares worth billions of dollars to fund his Twitter adventure; a development investor said it’s hurting the company.

Experts believe that Tesla stock will rise again as soon as Musk returns his full attention to the electric vehicle company. This also means that Musk will be back as the World’s richest man once again.

Musk, who is also the CEO of SpaceX, has attributed Tesla’s misfortune to current global economic headwinds. But he is also optimistic that the situation will change in the long term.

“Long-term fundamentals are extremely strong. Short-term market madness is unpredictable,” Musk wrote in a post on Twitter.

While Musk dropped to the second spot in the Billionaires’ Index, Tesla still holds its place as the world’s most valuable automaker. The EV company has more $100 billion on its market capitalization than Toyota, its closest rival.

Analysts say Tesla is “still one of the most transformational companies over the next decade.” The company last week slashed the cost of some of its car models in its Asian markets, a move that analysts believe will boost sales and accelerate its recovery.

Why are stablecoins DAI (DAI) and USD Coin (USDC) seeing increases in investors right now? At the time of writing, their market caps have both increased, whilst the rest of the market flounders. This is a question many prospective investors might scratch their heads over, given the downtrend of the crypto market following the FTX crash.

In this article, I will be looking at why stablecoins like DAI (DAI) and USD Coin (USDC) are so popular right now, as well as some of the reasons for the recent frenzy for up-and-coming meme token Big Eyes Coin (BIG).

What Are Stablecoins?

Stablecoins are cryptocurrencies that are pegged to a stable asset, such as a fiat currency or a commodity, in order to reduce price volatility. The goal of a stablecoin is to provide the benefits of a cryptocurrency (such as fast, cheap transactions) while maintaining a stable value.

Stablecoins are useful because they offer a way to store and transfer value in a stable manner, even in volatile market conditions. For example, if you are worried about the risk of volatility of a cryptocurrency like Bitcoin (BTC) in an unstable market, you could use a stablecoin instead. Stablecoins are also useful for carrying out transactions in which stability is necessary, like paying invoices, or salaries of employees.

In addition to their stability, stablecoins also offer many of the same benefits as other cryptocurrencies, such as fast, cheap transactions and the ability to transfer value peer-to-peer. This makes them a useful tool for conducting transactions and storing value in the cryptocurrency ecosystem.

Why Are DAI And USD Coin So Popular?

DAI (DAI) is a decentralised stablecoin that is collateralised by Ether (ETH), the native cryptocurrency of the Ethereum blockchain. It is popular because it is decentralised, meaning it is not issued or controlled by any central authority, and because it is transparent, with all transactions and reserve balances recorded on the Ethereum blockchain.

USD Coin (USDC) is a stablecoin that is issued by regulated financial institutions and backed by a reserve of US dollars held in a bank account. It is popular because it is fully collateralised by US dollars, which are a stable and widely accepted currency, and because it is issued by regulated financial institutions, which may provide some level of assurance to users. Whilst DAI uses a decentralised network of users with smart contracts on the Ethereum blockchain to issue its currency, USD Coin is issued by regulated financial institutions.

One key reason why many people prefer DAI over USD Coin is its transparency. DAI is completely transparent, with all transactions and reserve balances recorded on the Ethereum blockchain. On the other hand for USD Coin, the details of the reserve holdings and audit processes are not made publicly available.

Big Eyes Coin: The Hottest New Meme Coin

What is Big Eyes Coin (BIG), and why is it selling so fast? Investors are swarming to invest in Big Eyes Coin (BIG), a brand-new meme coin on the Ethereum network. Given that it sold over $13 million this past weekend, it is easy to see that its momentum will only grow.

Big Eyes Coin is in pre-sale and so right now operates outside of the crypto market. In a similar vein to stablecoins, holding Big Eyes Coin is a way of investing in cryptocurrency, whilst not getting exposed to volatility. Take advantage of the pre-sale to buy as much Big Eyes Coin as you can before it launches later this year. By picking it up at pre-sale price, not only will you be protecting your crypto investments from the market swings, but you’ll also maximise your potential gains!

Wrapping Up

One of the key reasons that Big Eyes Coin and other stablecoins like DAI (DAI) and USD Coin (USDC) are selling so fast, is that they are immune to the wild volatility of the crypto market, especially during a time of rampant uncertainty, fear and doubt of crypto’s future. Cryptocurrency is not going anywhere. Like the Internet revolutionised our world and gave us countless new possibilities and opportunities, cryptocurrency will do the same. During this bear market, have a look into stablecoins and pre-sale coins like Big Eyes Coin. You won’t regret it!

Use promo code BIGsave968 for bonus tokens at checkout!

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

The cryptocurrency market has had a tumultuous year, and most people are looking to close the year on a good note. Or better yet get off to a good start in the new year, and Big Eyes(BIG) and Polygon(MATIC) are two cryptocurrencies with the prospect of becoming huge in the coming year. Both cryptocurrencies give holders a decent position in the market despite irregularities.

Big Eyes(BIG) has been on the radar of most crypto enthusiasts for several months due to the traction it has built. Big Eyes first made the news when it raised $1 million in the first week of its presale. The meme coin is purported to be the next biggest thing in the crypto market, and it poses a lot of profit potential for those who can get in as early as possible. The presale has continued to move and has raised almost $12 million while looking to close out the round at a $13 million target. Hence, there’s still some room before this presale round closes.

Polygon(MATIC) is another cryptocurrency with huge prospects in the not too distant future. The narrative for the cryptocurrency is building beautifully as users expect the crypto network to push for maximum growth towards the next market bill run. Polygon has secured some impressive partnerships in the past several months, and the recently launched Donald Trump NFT trading cards chose Polygon as its preferred network.

Polygon (MATIC) Taking In Both Sides Of The Equation

Polygon(MATIC) is a layer-2 scaling solution on Ethereum created to help EVM blockchains perform better. The network has continued to grow since its launch and is among the most preferred networks across the DeFi and NFT market. It’s particularly preferred for the zero gas fee on the NFT market, and the almost zero transaction costs overall. A huge boon as the carbon tax enters and the cost of living bites.

Polygon is speculated to have high-profit potential towards next year and as the market begins to form healthily. In the past several months, the network has secured partnerships with web2 companies like Reddit, Starbucks, Meta, etc. It made the news that JP Morgan tested their first DeFi transaction on Polygon last month. The firm has a department for blockchain, and as other financial institutions begin to test their possibilities in the blockchain landscape, the mass adoption we all desire may begin to approach, and the profit is for early adopters to make.

Polygon, as a solution, is helping push the frontiers of web3 and other blockchain utilities. It could be a smart decision to be much earlier before the rest of the industry catches on.

Big Eyes Coin (BIG) Emerges Ready To Scale The Meme Charts

Big Eyes(BIG) is a new meme coin project primed for success as the presale has set some incredible milestones. The presale that started some months back raised $1 million in its first week and has now raised over $11 million in seven rounds. The presale stage is looking to close out at a $13 million target, and it would be smart to accumulate BIG tokens at this price before it launches.

Speculated to be as big as Dogecoin(DOGE), Big Eyes has built incredible hype and a solid community around its project. The memecoin aims to create a self-propagating ecosystem that leverages the utility it can build for the whole ecosystem while creating wealth for its community holders. Big Eyes will aim to create innovative DeFi features to help push this cause.

Big Eyes is also inspired by cat memes instead of dog memes like the predominant memecoins in the market. However, this unique approach seems to work fine for the project as it builds an interesting narrative and sets up a rivalry between Big Eyes and other dog meme tokens. Big Eyes has the dream presale for any emerging projects, and it allows early investors to make a profit and fast.

For more information on Big Eyes Coin (BIG), please visit the following links:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL