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Here are Some Tips For Beginners👇 Learn the basics of futures trading before you start.🤑🤑🤑 1. Do your own research and keep up with market news. 2. Start with a small amount until you're comfortable, then you can invest more. 3. Use Binance Mock Trading to practice without using real money. 4. Set clear goals and a trading plan, and stick to it. 5. Pick a trading strategy that matches your risk level and goals. 6. Spread out your investments to lower your risk.

Here are Some Tips For Beginners👇

Learn the basics of futures trading before you start.🤑🤑🤑

1. Do your own research and keep up with market news.

2. Start with a small amount until you're comfortable, then you can invest more.

3. Use Binance Mock Trading to practice without using real money.

4. Set clear goals and a trading plan, and stick to it.

5. Pick a trading strategy that matches your risk level and goals.

6. Spread out your investments to lower your risk.

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🔥🔥Secret Reasons for the Recent Crypto Market Dump🔥🔥 The #cryptocurrency market experienced a sharp downturn, with #Bitcoin dropping from $70,000 to near $64,000 overnight. This decline impacted altcoins, which fell by 15%-40%. Here are the key reasons behind this sudden market dip: 🪙 1. Miner Capitulation Lower Miner Revenues: Miner revenues have decreased by 55%, forcing miners to sell more Bitcoin to cover costs.Increased Transfers to Exchanges: More Bitcoin is being moved from miners' wallets to exchanges, indicating increased selling activity and driving prices down. 💵 2. Lack of New #USDT and #USDC IssuanceStablecoin Market Stagnation: There's been no new issuance of stablecoins like USDT and USDC, meaning less new money is entering the crypto market. This reduces liquidity and increases price volatility. 📉 3. Outflows from #ETF Funds Significant Withdrawals: Major ETFs like Fidelity and Grayscale are experiencing significant outflows. For instance, Fidelity saw an outflow of over 1,384 #BTC on June 17th, adding selling pressure to the market. 😟 4. Fear Among Short-Term Investors Investor Anxiety: Short-term investors (holding Bitcoin for less than 155 days) are selling off due to these pressures, fearing further price drops. 📊 5. Spent Output Age Bands (%) Selling Pressure from Older Coins: 40% of the Bitcoins being sent are from the 3-6 month holding range, 20% from the 6-12 month range, with the remaining portion mixed. These transactions contribute to the selling pressure. These factors combined to create a perfect storm, leading to the significant market drop. Source: CryptoQuant
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🔥🔥Hold Steady: Why You Shouldn’t Sell Your Cryptocurrencies in a Bearish Market ❗️❗️❗️ 📈 READ IT CAREFULLY📈 The cryptocurrency market is well known for its volatility, with prices swinging dramatically in short periods. During a bearish market, fear and uncertainty can drive many investors to sell their assets. However, selling during a downturn might not be the best strategy. Here’s why holding onto your cryptocurrencies through a bearish market could be the wisest decision you’ll ever make. 1. 📉 You Haven't Lost Until You Sell One of the fundamental principles of investing is that a loss isn't realized until you sell. Market downturns are a natural part of the crypto lifecycle, and history shows that the market often recovers. By holding onto your assets, you're positioned to benefit from the eventual upswing. Remember, patience is key. 2. 💪 The Power of HODLing The term "HODL" (Hold On for Dear Life) has become a rallying cry within the crypto community. It’s a reminder to resist the urge to sell during market dips. Many of the most successful crypto investors are those who have weathered multiple market cycles, holding through the bad times to reap the rewards during the good times. 3. 🚫 Avoid Panic Selling Panic selling during a bearish market can lock in your losses. Emotional decisions often lead to regret. Instead of selling, take a step back and reassess your long-term goals. 4. 🛍️ Opportunities in a Bear Market Bear markets can present unique opportunities. While prices are low, it’s a chance to accumulate more of your favorite cryptocurrencies at a discount. Historically, those who invest during bearish periods often see significant gains when the market recovers. 5. 🔍 Focus on Fundamentals During market downturns, it’s crucial to focus on the fundamentals of the projects you’ve invested in. If the underlying technology and team are strong, the project is more likely to weather the storm and emerge stronger. By holding steady and not succumbing to panic, you will be in profit always
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