WOW!

What a crazy week for crypto!

Mind blowing news from the past week.

Coinbase (one of the largest exchanges in the space) crashed due to an over demand of Bitcoin. A clear reminder how important it is to have cold storage. (we’ll talk about cold storage shortly)  

Dog-themed memecoins are pumping!

$WIF: Dog wif hat rose a staggering 128%.

$FLOKI and $SHIB both Shot up 134%.

$DOGE: Climed 22% in a more modest uphill sprint.

NO sign of slowing down yet, This could be the beginning of a crazy cycle!

1 BTC reaches its new ATH of $69 000!

Usually when we see a BTC pump, it is followed shortly after by an altcoin pump.

We want to know this works!

Well, one theory is that most traders are people who buy and sell daily on exchanges, they take the bigger profits from Bitcoin and place the gains into the “cheaper” or more volatile coins.

The volatility of these coins means that buying a coin for $0.000001 and it going to 0.000002 is a very fast processed and isn’t far fetched. The right signals in the charts, and maybe even some fundamental analysis of the company launching the coin will send traders scurrying to buy. Compound this with all the people who think that these memecoins are an actual investment, and this is a quick way to double (or 0.5x) your investment.

For bitcoin to get from $60 000 - $120 000 (100% of its current estimated value) is a lot larger gap, and the time it takes to reach there would be much longer. Therefore many people like to take the high risks and hopefully reap higher rewards.

There is indeed a history of many coins doing 100%,go up t0 1000% and even 10 000% of their value.

This sounds like a very exciting, lucrative opportunity, and thus encourages traders and investors to get involved.

I mean, who wouldn't want to turn $100 to $10 000?

You have to be so careful to manage your risk, research as much as possible, and maybe try not to allocate too much capital into projects that are hardly understood, and that mainly move on market speculation. 

With all that being said - there are constantly new projects in the crypto space and those that get involved early have more a higher chance of making larger gains.

A lot of the time it is just like gambling.

However, this is where time invested into researching and understanding a project before investing can go a long way. 

Crypto is a volatile space and the prices are constantly moving. To us, that's what makes it so exciting and really draws us.

There is never a better time to start than NOW!

Stay tuned for more valuable and useful tips in navigating the world of crypto.

🫠 CUBETS TIP 🫠 

Control your emotions and don't panic buy or sell. Self control is you most valuable tool when investing and trading in crypto. As prices surge and people get overexcited and get a sort of FOMO. That's when they get burnt. when everyone is buying, hold back and be patient, and don't be afraid to get in later, when you can be 100% confident there will always be new opportunities.

Keep Cubing!