We are in the crypto world because we believe this industry is the future. We choose Binance as a place to trade because we believe they will do what is best for their customers.
However, several events in the crypto world have caused huge losses caused by irresponsible developer behavior.
We believe the exchange is trying to get better, that's why we are all still here. However, it seems that this is not enough. There are still actions by developers that harm consumers which are not resolved fairly.
Remember the LUNA case. Incompetent and evil developers have harmed so many people. Not only for LUNA holders but also for everyone in the industry because the LUNA case caused a massive price collapse.
Now there is an event (I won't call it a case) of merging 3 AI tokens, namely FET, OCEAN, and AGIX.
On June 14, 2024, #Binance made an announcement that they will support the merger process of Fetch.ai (FET), Ocean Protocol (OCEAN) and SingularityNET (AGIX).
You can read more detail at the following link: FET, OCEAN, AGIX merge
In summary, the contents are:
OCEAN and AGIX tokens will assume the ticker of FET at Binance.All OCEAN and AGIX tokens will be swapped to FET at a ratio of:
1 OCEAN = 0.433226 FET;
1 AGIX = 0.433350 FET.
For users who hold the delisted tokens on spot, it seems certain that they will be converted.
However, for the future market, considering that users do not hold assets directly, the question arises whether the losses incurred as a result of the developer's actions will be replaced or not?
Should, if we want to be fair, for future positions opened before June 14th all losses incurred should be reimbursed. Who is charged with compensating for the loss? In my opinion, it is the developer's side, whether with tokens or other mechanisms.
This situation is getting worse because the merger process occurs at a time when the market is experiencing a correction.
$BTC experienced a correction of around 12% from June 14 to June 25 (when automatic settlement was carried out).

Although not always, a drop in BTC will be followed by a drop in prices for most altcoins.
So, this merge action was carried out at the wrong time. When most people were panicking because of the uncertain market situation, an announcement suddenly appeared that made the situation worse.
Therefore, this incident proves that users are always at the most vulnerable.
Just imagine, currently AI is one of the most popular narratives on the market so AI-related tokens have a large trading volume. Most people are bullish on AI related coins, including FET, AGIX and OCEAN. Not only holding it in the spot but also opening a position in the future market. Then suddenly they were asked to force it to close when they were getting a negative PNL.
So, it should be a lesson for exchanges (all exchanges) to have rules regarding developer actions regarding their tokens listed on exchanges.
Meanwhile, for incidents that have occurred, the exchange should force developers to compensate all losses experienced by users in all markets.
If not, can we guess what will happen if $OP , $ARB , and Matic decide to merge to form the SUPERL2 token?



#DelistingNotice

When we read people's posts about how to buy good altcoins, "do your own research" is always in their posts.
But after being in the crypto world for so long I wonder what exactly should we research? Fundamentals? LOL
We feel we have found tokens with good fundamentals and then decide to buy them, but instead of going up, the price actually goes down.
Meanwhile, meme coins (like $PEPE ) which are said to have no function whatsoever often experience crazy increases.
But I always apply "Do Your Own Research" until I find that my AEVO and PYTH are getting redder.
$AEVO in the last 2 days has shown signs of improvement but not for $PYTH
Not planning to buy more but not to sell either. I'm just waiting (or dreaming?)


#US_Inflation_Easing_Alert #CPIAlert #AEVO #PYTHUSDT📈

Binance, one of the world's leading cryptocurrency exchanges, has revolutionized the trading landscape with its innovative copy trading feature. This tool caters to both novice and seasoned traders by offering a seamless way to mimic the trades of experienced and successful traders.
Overview of Binance Copy Trading
Here's a detailed overview of Binance's copy trading features:
Availability
Binance has Futures Copy Trading and Spot Copy Trading.
Purpose:
Ease of Use: Binance copy trading is designed to simplify trading for beginners and those who prefer a more hands-off approach.Learning Opportunity: It provides an educational platform where users can learn effective trading strategies by observing professionals in action.
Key Features:
Selection of Traders:
Performance Metrics: Users can evaluate traders based on profit rates, success rates, and risk levels.Trader Profiles: Each trader's profile includes historical performance data, strategy descriptions, and follower counts.

Automatic Copying:
Real-Time Execution: Trades made by the selected trader are automatically replicated in the user's account.Proportional Allocation: Investments are proportionally matched to the user's allocated funds.
Customization and Control:
Flexible Investment: Users can choose how much of their portfolio to allocate to copy trading.Stop Loss/Take Profit Settings: Personalize risk management by setting specific parameters to protect investments.

Transparency:
Detailed Reports: Access comprehensive trading reports and performance analytics. Risk Indicators: Understand the potential risks associated with each trader's strategy through clear indicators.
User Experience:
Easy Interface: A user-friendly platform that simplifies selecting and following traders. Mobile Access: Full functionality is available on mobile apps, allowing trading on-the-go.
Analysis of the Profitability of Copy Trading in Binance
Copy trading on Binance offers a unique blend of opportunities and challenges. Let's delve into the profitability aspect and what to expect and what to pay attention to.
What to expect:
Passive Income Potential: One of the most enticing aspects of copy trading is the potential to earn profits without actively engaging in the market. By following successful traders, users can capitalize on their expertise and market insights.Diversification: Copy trading allows users to diversify their investments across multiple traders with varying strategies. This diversification can mitigate risks and enhance the potential for steady returns.Learning Opportunity: Observing the trades and strategies of seasoned traders can be highly educational. It provides insights into market trends, risk management, and trading techniques, which can be invaluable for personal growth as a trader.Time-Saving: For those with limited time to dedicate to trading, copy trading offers a practical solution. It automates the trading process, freeing up time for other pursuits while still participating in the cryptocurrency market.
What to pay attention to:
Risk of Loss: While copy trading can be profitable, it is not without risks. The success of copy trading hinges on the performance of the selected traders. If they incur losses, so will the users copy them.Fees: Lead trader may charge fees for copying their trades. These fees can eat into profits and should be considered when evaluating the overall profitability.Over-Reliance: Relying too heavily on copy trading can hinder the development of personal trading skills. It is essential to strike a balance between learning from others and making independent trading decisions.Performance Variability: The past performance of a trader is not always indicative of future results. Market conditions can change rapidly, and even the best traders can experience periods of underperformance.
Real-World Examples and Practical Guidance
Example 1: Diversification and Risk Management
Anna, a novice trader, decided to use Binance's copy trading feature to start her cryptocurrency journey. She selected three different traders based on their performance metrics and diversified her investment across them. Trader A is focused on high-risk, high-reward trades, Trader B is specialized in steady, low-risk strategies, and Trader C has a balanced approach.
Outcome: Over six months, Anna observed that while Trader A had occasional significant gains, the losses were also substantial. Trader B provided consistent but modest returns, and Trader C balanced gains and losses effectively. By diversifying her investments, Anna managed to achieve a stable overall return while minimizing the impact of any single trader's poor performance.
Practical Guidance: Diversify your investments across multiple traders with different strategies. This approach can help balance risks and rewards, providing more stable returns over time.
Example 2: Learning from Successful Traders
John, a mid-level trader, used Binance's copy trading feature to learn advanced trading techniques. He selected a top-performing trader known for using technical analysis and observed their trading patterns, entry and exit points, and risk management strategies.
Outcome: By closely monitoring the trader's actions, John gained valuable insights into technical analysis and market trends. He gradually applied these techniques to his own trades, enhancing his trading skills and confidence.
Practical Guidance: Use copy trading as an educational tool. Study the strategies of successful traders to improve your own trading knowledge and skills. This can be especially beneficial for those looking to transition from passive to active trading.
Example 3: Managing Expectations and Adjustments
Sarah started copy trading with high expectations of quick profits. She allocated a significant portion of her portfolio to a trader with an impressive track record. However, market conditions changed, and the trader's performance declined, resulting in losses for Sarah.
Outcome: Sarah realized the importance of setting realistic expectations and regularly monitoring trader performance. She adjusted her strategy by reducing her allocation to the underperforming traders and diversifying across other traders with different strategies.
Practical Guidance: Set realistic profit targets and be prepared for both gains and losses. Regularly review the performance of the traders you are copying and make adjustments as needed to protect your investments.
Tips for New Traders
Do Your Research: Before selecting a trader to copy, thoroughly research their performance history, strategy, and risk profile. Choose traders whose strategies align with your investment goals and risk tolerance.Start Small: Start with a small investment to test the waters. As you gain confidence and observe positive results, you can gradually increase your allocation.Start with the spot copytrading: Compared to the Future market, the Spot market provides less profit potential and also does not provide an opportunity to open a Short position. However, the spot market is relatively much safer than the Future market because you are not threatened with potential liquidation and are also not affected by the Funding Rate.Diversify: Avoid putting all your eggs in one basket. Diversify your investments by following multiple traders with different strategies to spread risk. However, don't copy too many Lead Traders and pay attention to the trading risk/size settings according to the number of Lead Traders you copy. For example, if you copy 3 traders then you should set the size to 1/3 of what each trader suggests.Monitor Regularly: Keep an eye on the performance of the traders you are copying. Be prepared to make adjustments if their performance declines or market conditions change.Learn Continuously: Use copy trading as an educational tool. Study the trades and strategies of successful traders to improve your own trading skills over time.Set Realistic Expectations: Understand that no trader is infallible, and losses are part of trading. Set realistic profit targets and be prepared for both gains and losses.
By carefully selecting traders to copy, staying informed, and continuously learning, new traders can harness the power of Binance copy trading to enhance their trading journey and achieve potentially profitable outcomes. More complete information regarding Binance copytrading features
#IntroToCopytrading
#US_Inflation_Easing_Alert
#BinanceTournament

#Manta has experienced a decline of more than 70% since printing ATH.
Now the price is at Fibo 0.786 and seems to be holding up quite well.
I know opening a buy position when selling pressure is still high is like catching a falling knife.
However, with the potential approval of an $ETH ETF by the SEC in the near future, Ethereum-based layer 2 projects will also likely get sufficient liquidity.
So, for example, if you believe that this project has a future, even if the purchase price at this point does not work out well, this is not a bad price for accumulation.
However, if you only want to trade for the short or medium term then this also has a good risk to reward ratio.
Let's say you place SL below Fibo 0.786, namely 0.7 while the profit target is at 2.4, then your risk and reward ratio is 8 to 1.
$MANTA
#ETHETFsApproved #CryptoPCEWatch #MtGoxJulyRepayments

On May 20, 2024 Ethereum rose very significantly by around 20%. This is related to the positive progress of the ETF's approval by the SEC, although it has not yet been approved to start trading.
If we look at the price action in the Daily TF after the pump on May 20, it can be seen that ETH experienced a decline. But it's clear this wasn't an impulsive drop but more like a healthy correction.
On May 24, ETH rebounded quite well at Fibo 0.618. This is a positive sign that this coin will start to continue its rise again.
The supporting reason is the possibility that the SEC will approve Ethereum ETF trading on July 4 as reported by Reuter.
The closest target is FVG which was formed on June 7 2024. If there is rejection here a lower high will be formed but if it is successful in breaking it then we can hope that ETH will test the price of 4000 dollars.
$ETH
#CryptoPCEWatch #MtGoxJulyRepayments #BTCFOMCWatch #EtheruemETF #ETHETFsApproved