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When Conviction Costs You: My Biggest Crypto Mistakes in 2024!

The author shares his painful experiences during the recent crypto market crash, where altcoins saw a prolonged decline, unlike the sharp but recoverable crash of May 2021. He reflect on his mistakes, including overthinking, ignoring market seasonality, and deviating from his trading plan, particularly with SEI and a scam coin on Solana.

Despite initially securing profits, he re-entered positions prematurely, leading to significant losses. He emphasizes the importance of taking profits, adhering to seasonality trends, and verifying contracts when trading on decentralized platforms.

Sell off Into Bull Market? Japan Changes

Japan, once a crypto leader, has struggled due to overregulation and high taxes but is now rethinking its approach. Recent reforms aim to lower crypto taxes and classify it as a financial asset, potentially reviving its crypto economy by 2025.

Some Rough Days in the World of Crypto

The post reflects on recent market challenges for Bitcoin and Hive, with BTC struggling to establish a solid support level at $100,000 and Hive experiencing a 50% drop, raising concerns about its management and accessibility. Despite these setbacks, the author remains optimistic about crypto, highlighting Axie Infinity’s revival with new games and earnings on Ronin, as well as potential growth for Hive games like Splinterlands and Bro Bang!.

The post concludes with hope for market recovery, support for Hive’s development, and a commitment to staying engaged with the ecosystem.

Blockchain & Cryptocurrencies: Reshaping economies, thoughts and behaviors in modern societies.

The article highlights how blockchain and cryptocurrencies are revolutionizing economies and society, offering a more equitable future. While blockchain gains acceptance, cryptocurrency adoption remains slow, but both are set to reshape global systems and challenge traditional power structures.

InLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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