Binance Square
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TheWolfThatWins
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Binance square is a disgrace. Let them ban me I don’t care. Square is constantly filled with scams and if you have been here longer than a minute you will likely have seen 10 of them today. Now we are seeing endless spam posts about some shitcoin that made a trader a millionaire overnight and even shows the trade history. This is 100% misinformation and a scam people, it’s a pump and dump looking to entice new traders to high leverage their lives away thinking they too will be rich. But that’s not Binance fault is it? Yes it is ! I have reported numerous posts like this in the last days and weeks and Binance has replied that no fault was found, so basically you can spam whatever you want here targeting uninformed traders and it’s ok. Please people don’t fall for this garbage or think it’s even real, if it did happen it was insider trading and is being spammed now so you can be the exit liquidity for these scammers in the near future. I used to player poker for a living and there is a saying in poker that applies to trading. “If you cant spot the fish(bad player,sucker) at the table then you are the fish” Don’t be the sucker! I started posting here to try help people but sadly the posts with the most views are the posts offering get rich quick schemes. Most people who visit square are either new or down a lot of money and so these predatory posts attract them. There are many genuine people who post on square, but DONT be fooled, the majority are posts trying to take advantage of you. There are NO valid get rich schemes on square i promise! Success in Crypto, like anything else, takes work and dedication and what you fill your mind with will ultimately decide your success. I had a gamblers mentality most of my life, I was my own worst enemy, maybe it’s why I take these scam posts so personally.(I have been a victim of scams) Setting realistic goals and achieving them consistently will give you the motivation and pride that leads to long term success. Good luck. ✌️ #scamriskwarning #mememcoinseason2024 #Megadrop #altcoins

Binance square is a disgrace.

Let them ban me I don’t care.

Square is constantly filled with scams and if you have been here longer than a minute you will likely have seen 10 of them today.

Now we are seeing endless spam posts about some shitcoin that made a trader a millionaire overnight and even shows the trade history.

This is 100% misinformation and a scam people, it’s a pump and dump looking to entice new traders to high leverage their lives away thinking they too will be rich.

But that’s not Binance fault is it? Yes it is !

I have reported numerous posts like this in the last days and weeks and Binance has replied that no fault was found, so basically you can spam whatever you want here targeting uninformed traders and it’s ok.

Please people don’t fall for this garbage or think it’s even real, if it did happen it was insider trading and is being spammed now so you can be the exit liquidity for these scammers in the near future.

I used to player poker for a living and there is a saying in poker that applies to trading.

“If you cant spot the fish(bad player,sucker) at the table then you are the fish”

Don’t be the sucker!

I started posting here to try help people but sadly the posts with the most views are the posts offering get rich quick schemes.

Most people who visit square are either new or down a lot of money and so these predatory posts attract them.

There are many genuine people who post on square, but DONT be fooled, the majority are posts trying to take advantage of you.

There are NO valid get rich schemes on square i promise!

Success in Crypto, like anything else, takes work and dedication and what you fill your mind with will ultimately decide your success.

I had a gamblers mentality most of my life, I was my own worst enemy, maybe it’s why I take these scam posts so personally.(I have been a victim of scams)

Setting realistic goals and achieving them consistently will give you the motivation and pride that leads to long term success.

Good luck.

✌️

#scamriskwarning #mememcoinseason2024 #Megadrop #altcoins

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What happens now is very simple. Tomorrow is key! $BTC Firstly note, there is massive leverage opened within 2k of the $BTC price long and short, this battle will be decided by the news tomorrow. Tomorrow we have US Non-farm payroll which is expected at 182k, We also have the unemployment rate and earnings but these are more widely expected to stay as predicted and will have less impact on short term crypto price, unless the earnings come out much higher than 0.3% which is unlikely. The Non-Farm payroll number is key to watch and will cause volatility. If you dont understand the forex market, for many reasons this reading will be key, it will effect interest rate decisions which have a high impact on "risk on" assets like crypto. Also what makes this reading more important is the rate cuts happening in EU, Canada, Switzerland and Denmark recently, it puts more spotlight on the FEDs policy decisions, and like it or not their decisions effect crypto. Basically, If the Non-farm number comes out much higher(10k-20k+), Bitcoin and Crypto prices will fall. If it comes out much lower(10k-20k less), Bitcoin and Crypto prices will go up. If it comes out around 180k it will be neutral, slightly bearish for crypto. Its honestly that simple, any movement now is just people trying to pre empt the news. Dont sleep on this news, it will effect ALL of crypto not only BTC (short term). Please dont gamble at high leverage and margin trying to predict the news, you most likely cant, even if you are correct a lot of price movement and manipulation happens around high impact news and you could get liquidated on a fakeout, liquidity grab. *Edit* jobs info came out higher and BTC fell by 2k rapidly * Be smart. Peace. #StartInvestingInCrypto #bitcoin #altcoins #ETHETFsApproved
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We are entering an extremely dangerous time in crypto. If you have a large portfolio or your financial future is invested in crypto you need to understand the risk coming in the near future. Firstly and most importantly is USDT, the $110 Billion company, the most traded crypto by volume, a company we as a crypto community have allowed to be our liquidity without any concrete proof our funds are backed. USDT has never had official audits, in their terms and conditions it says they are not liable for insolvency, the funds are not insured and funds can be paid back with “in kind redemption “. The company is run through numerous shelf companies in tax havens and run by people with a criminal history. This matters now because if USDT is banned in the Europe Union and we have a liquidity shock I am not sure the funds are there, do your research on this it is important!! My other HUGE concern is the staking and ESPECIALLY the re staking narrative that is pushing us to invest and re invest our funds in a Ponzi, pyramid scheme like manner in companies or projects that are also not audited or insured, additionally how we are constantly motivated to get as many people as we can involved for some financial reward. We have had a massive $1.5 Trillion bull run in the last year and it seems people are quick to forget the last time we had a bull run companies like FTX, Terra, Celsius and many more were fleecing us. We are still totally trusting and unregulated and one liquidity shock could expose more and more of our missing funds. You need to have custody or cold storage of most of your crypto in the coming months, I can say for near certainty the rewards are not worth the risk of centralised staking or re staking more than 10-20% of your portfolio. With Crypto adoption will come regulation and scrutiny, this could be the last unregulated bull run for scammers and you can be very sure they will take full advantage of it. Don’t be at risk of losing everything based on blind trust. ✌️ #scamriskwarning #BinanceLaunchpool #altcoins #ETHETFsApproved
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$ETH Don’t be stupid and enter high leverage or high margin longs at current prices. Current price $3873 The S-1 approvals could come at any time, none of us know, people falsely believe this will have an instant Bullish effect so they are trying to fomo in at high leverage,margin with little room for price drops, huge mistake !!! If the ETF is approved over $11Billion in sell pressure could hit the market from the grayscale ETF trust. With the leverage below the current ETH price($1.5 Billion in liquidations with 5% price drop) it could create a massive long squeeze (Short term) If you are entering leveraged longs make sure your margin and liquidity can survive a drop of 10% of the price you enter at, it might not happen at once but if leveraged liquidity is hit it could drive the price down(short term) The news of S-1 approval will be Bullish for ETH long term but short term could be extremely bearish as large holders cash out their returns on ETH trusts. This is not drama or FUD, many new traders don’t understand what actually happens around these events and just think it can only be bullish. I want to help people understand the very realistic and possible short term effect this will have so they can make informed trading decisions. From reports I have read it seems like the approval could happen fairly soon(days-weeks), so being aware of the effect it could have is important. If you want more info about the ETF and Grayscale trust read my post from the 28th May Be smart ✌️ #ETHETFsApproved #altcoins #StartInvestingInCrypto #etherreum
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