To mark this milestone of Bitcoin Halving, all verified users can complete specific tasks on Binance Square during the Activity Period, and qualify for up to $10,000 of SATS token voucher reward.  Activity Period: 2024-03-04 09:00 (UTC) to 2024-04-14 09:00 (UTC)All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for the $10,000 of SATS reward. Tasks: Comment your prediction for the price of BTC on 20th April 00:00 (UTC+0)  on this post. Share this post on your social media and #HalvingHorizonsThe user with the closest prediction will win $5000. If more than one user shares the same prediction, you’ll share the price pool. AndIf you correctly guessed the price and signed up for a Binance account during the activity period through the shared link of this post or the Binance Square referral link, you can unlock a share of extra $2000 price poolAndIf you correctly guessed the price and completed at least 10 trades during the activity period, you will unlock a share of the extra $3000 price poolEach user can only submit 1 entry. Terms & ConditionsThis activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify.The $10,000 of SATS token voucher rewards pool will be divided equally among all qualified users.Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the activity ends. Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. 

🎁 Here! Solana (SOL) has shown signs of a significant loss in momentum after reaching its highest level in the past 15 months, hitting $68 with its latest recovery on the momentum it has gained. The selling pressure that shook the altcoin was triggered by concerns in the market after Bitcoin failed to surpass the $38,000 resistance and turned downwards. So, has SOL reached an overbought zone at $68 or will the recovery continue? Let’s take a closer look.The Striking Movement in Solana’s PriceSolana’s price entered a recovery mode from $17.78 in September. With an impressive parabolic recovery, the price of the altcoin reached $68.2 within just 10 weeks, a 293% increase.During this period, buyers in SOL successfully crossed the daily Exponential Moving Averages (EMA) at the 20, 50, 100, and 200 levels, and important price levels such as $30 and more recently $48 were surpassed. However, after reaching its highest level in the past 18 months at $68.2, SOL faced a pullback to $56.9.This correction may lead to a retest of the support level at $48.3, which is at the same level as the 38.2% Fibonacci retracement level. However, as long as the price of the altcoin remains above the 50% retracement level at $43, it can be expected to continue moving within the uptrend.Therefore, a rally that starts after the correction can help buyers sustain the uptrend and support the continuation of the recovery with a rolling bottom formation. The potential price targets for SOL with the support of this formation will be $78.2, followed by $100 and $143.A Significant Increase in New Wallet AddressesThe number of new wallet addresses created daily on the Solana network is an important indicator of network activity and potential growth. From September 17 to November 17, the number of new wallet addresses created on the network increased from 193,000 to 336,000, indicating an increase in participation and interest in the Solana network. This increase in new wallet addresses typically indicates high demand for SOL and wider adoption of the network.Furthermore, the upward slope of the 20-day Exponential Moving Average (EMA) during a potential pullback in SOL’s price highlights it as a significant support. The Average Directional Index (ADX), currently at a high level of 74, suggests a possible exhaustion of bullish momentum, indicating a potential need for a decline in SOL..$SOL #sol

You all now about the coin #xrp XRP .in a simple term it’s sleeping giant . In the world of XRP so mysterious but it’s a predicted one.I will mention this post after 3 year if I alive.Now the market spoken point also increased about XRP so current market support XRP .Now in my view as a analyser there will be huge long in XRP soon in within 3 years so may be here you all can be get a chance to be a millionaire.at this time post writing the price 0.5-0.6 but surely pump in long term .XRP price increasing to high A glimpse of past analyse1. Price Volatility 📈📉   - XRP's journey through price swings – from an impressive high of $3.80 in 2018 to subsequent declines, heavily influenced by changing regulations and market sentiment.past support analyse data2. Cross-Border Payment Potential 💸   - Ripple's vision for XRP as a cross-border payment solution, promising reduced costs and faster transactions compared to traditional financial systemsRipple XRP: Transforming Cross-Border Payments with Speed and Efficiency”3. SEC Lawsuit Shakeup 🚨   - The U.S. SEC's legal action against Ripple, alleging XRP as an unregistered security, sent shockwaves through the XRP market, impacting its price and investor trust.SEC lawsuit solved and gained trust4. Market Cap Momentum 💼   - XRP consistently ranked among the top cryptocurrencies by market capitalization, yet its value remained subject to market dynamics and developments within Ripple.5th largest crypto by coin market cap & 3rd popular alt coin by binance5. Strategic Partnerships 🤝   - Ripple's strategic partnerships with financial institutions to test XRP in cross-border payments, sparking optimism about wider adoption.6. Community & Controversy 🗣️🔥   - XRP had a passionate following but also faced scrutiny over its centralized nature and regulatory hurdles.

TL;DR

Risk management is an essential part of responsible investing and trading. It can reduce your portfolio's overall risk in various ways — for example, you may diversify your investments, hedge against financial events, or implement simple stop-loss and take-profit orders.

Introduction

Minimizing risk is a priority for many investors and traders. Even if your risk tolerance is high, you'll still, in some way, weigh the risk of your investments versus the payoff. However, there's more to risk management than simply choosing less risky trades or investments. A comprehensive toolset of risk management strategies is available, many of which are suitable for beginners, too.

What is risk management?

Risk management entails predicting and identifying financial risks involved with your investments to minimize them. Investors then employ risk management strategies to help them manage their portfolio's risk exposure. A critical first step is assessing your current exposure to risks and then building your strategies and plans around them.

Risk management strategies are plans and strategic actions traders and investors implement after identifying investment risks. These strategies reduce risk and can involve a wide range of financial activities, such as taking out loss insurance and diversifying your portfolio across asset classes.

In addition to active risk management practices, it is important to understand the basics of risk management planning. There are four key planning methods you should consider before embarking on a specific risk management strategy, as the method you choose will inform your preferred strategy.

Four key risk management planning methods

Acceptance: Deciding to take on the risk of investing in an asset but not spending money to avoid it as the potential loss isn't significant.

Transference: Transferring the risk of an investment to a third party at a cost.

Avoidance: Not investing in an asset with potential risk.

Reduction: Reducing the financial consequences of a risky investment by diversifying across your portfolio. This could be within the same asset class or even across industries and assets.

Why is a risk management strategy important in crypto?

It's common knowledge that crypto, as an asset class, is one of the higher-risk investments available to the average investor. Prices have proven to be volatile, projects can crash overnight, and the technology behind blockchain can be challenging for newcomers to understand.

With crypto moving rapidly, it's imperative to employ sound risk management practices and strategies to reduce your exposure to potential risks. This is also an essential step to becoming a successful and responsible trader.

Read on to find out about five risk management strategies that can benefit your crypto portfolio.

Strategy #1: Consider the 1% rule

The 1% rule is a simple risk management strategy that entails not risking more than 1% of your total capital on an investment or trade. If you have $10,000 to invest and want to adhere to the 1% rule, there are a few ways to do so. 

One would be to purchase $10,000 worth of bitcoin (BTC) and set a stop-loss or stop-limit order to sell at $9,900. Here, you would cut your losses at 1% of your total investment capital ($100).

You could also purchase $100 of ether (ETH) without setting a stop-loss order, as you would only lose a maximum of 1% of your total capital if the price of ETH were to drop to 0. The 1% rule doesn't affect the size of your investments but the amount you are willing to risk on an investment.

The 1% rule is especially important for crypto users due to the market's volatility. It can be easy to get greedy, and some investors may put too much into one investment and even suffer heavy losses expecting their luck to turn.

Strategy #2: ​​Setting stop-loss and take-profit points

A stop-loss order sets a predetermined price for an asset at which the position will close. The stop price is set below the current price and, when triggered, helps protect against further losses. A take-profit order works the opposite way, setting a price at which you want to close your position and lock in a certain profit.

Stop-loss and take-profit orders help you manage your risk in two ways. First, they can be set up in advance and will be executed automatically. There's no need to be available 24/7, and your pre-set orders will be triggered if prices are particularly volatile. This also allows you to set realistic limits for the losses and profits you can take. 

It’s better to set these limits in advance rather than in the heat of the moment. While it can be strange to think of take-profit orders as part of risk management, you shouldn't forget that the longer you wait to take profit, the higher the risk the market could fall again while waiting for an additional upside.

Strategy #3: Diversify and hedge

Diversifying your portfolio is one of the most popular and fundamental tools to reduce your overall investment risk. A diversified portfolio won't be too heavily invested in any asset or asset class, minimizing the risk of heavy losses from one particular asset or asset class. For instance, you may hold a variety of different coins and tokens, as well as provide liquidity and loans.

Hedging is a slightly more advanced strategy to protect gains or minimize losses by purchasing another asset. Usually, these assets are inversely correlated. Diversification can be a type of hedge, but perhaps the most well-known example is futures.

A futures contract lets you lock in a price for an asset at a future date. Imagine, for instance, you believe bitcoin's price will tumble, so you decide to hedge against this risk and open a futures contract to sell BTC for $20,000 in three months. If bitcoin’s price does indeed fall to $15,000 three months later, you will profit from your futures position. 

It's worth remembering that futures contracts are settled financially, and you don't have to deliver the coins physically. In this case, the person on the other side of your contract would pay you $5,000 (the difference between the spot price and the futures price), and you would have hedged against the risk of bitcoin’s price falling.

As mentioned, the crypto world is a volatile one. However, there are still opportunities to diversify within this asset class and use hedging opportunities. Diversification in crypto is much more crucial than in more traditional financial markets with less volatility.

Strategy #4: Have an exit strategy ready

Having an exit strategy is a simple but effective method for minimizing the risk of heavy losses. By sticking to the plan, you can take profits or cut losses at a predetermined point.

Often, it's easy to want to keep going when making gains or to put too much faith in a cryptocurrency even when prices are falling. Getting caught up in hype, maximalism, or a trading community can also cloud your decision-making.

One way of successfully implementing an exit strategy is to use limit orders. You can set them to automatically trigger at your limit price, whether you want to take profit or set a maximum loss. 

Strategy #5: Do Your Own Research (DYOR)

DYOR is an integral risk-reduction strategy for any investor. In the Internet age, it's easier than ever to conduct your own research. Before investing in a token, coin, project, or other asset, you must do your due diligence. It's key that you check essential information about a project, such as its white paper, tokenomics, partnerships, roadmap, community, and other fundamentals.

However, misinformation spreads quickly, and anyone can submit their opinions online as facts. When conducting research, consider where you're getting your information and the context in which it's presented. Shilling is commonplace, and projects or investors can spread false, biased, or promotional news as if it were sincere and factual.

Closing thoughts

With the five risk management strategies outlined, you'll have an effective tool kit to help reduce your portfolio's risk. Even employing simple methods that cover most areas will help you invest more responsibly. At the other end of the scale, there's potential to create risk management plans with more advanced, in-depth strategies.

To dive deeper into the topic, refer to the following articles:

How to Manage Risk and Trade Responsibly | Binance Support

What Is the Risk/Reward Ratio and How to Use It | Binance Academy 

3 Reasons Why Binance Futures Is The Preferred Hedging Venue For Traders

BINANCE SCAM ALLERT!! Recently, Binance have launched a 100$ USDT campaign asked you to refer people an that will add milestones and eventually completing to a certain amount they will reward you! Interestingly I have experienced a weird pattern in this campaign, I am at 95$USDC Just 5$ short of the reward but they are rejecting identity verification of every invitation i am sending right now, none of them are able to verify even though they are providing original government ID. I bet they are doing it purposefully, and will accept everyone verification after the campaign is over! All of my invitees are witnessing same issue. #Scam #BinanceSquare #Binance #xrp #crypto2023 c

TL;DR

A cryptocurrency whitepaper enables projects to explain their products and goals to their audiences. Projects can freely choose what kind of information they want to provide, but whitepapers usually include an overview of the project’s goals, tokenomics, products, features, and information about the team. As such, whitepapers can be a good place to start when doing research on a specific project.

Introduction

A whitepaper summarizes, in a single document, the important information related to a blockchain or cryptocurrency project. It’s a popular way of explaining how a certain project works and what problems it’s aiming to solve.

What is a whitepaper?

Generally, a whitepaper is a report or guide that informs its readers about a specific topic or issue. For example, developers can create a whitepaper about their software to educate users on what they are building and why.

In the blockchain space, a whitepaper is a document that helps outline the main features and technical specifications of a specific cryptocurrency or blockchain project. Although many whitepapers are focused on a coin or token, they can also be based on different types of projects, such as a decentralized finance (DeFi) platform or a play-to-earn game.

A whitepaper may provide an overview of essential data in the form of statistics and diagrams. Also, a whitepaper could explain the governing structure of the project, who’s working on it, and the current and future development plans (i.e., their roadmap).

However, there's no official way to make a whitepaper. Each project creates a whitepaper that fits its conditions best. Optimally, the whitepaper should be neutral and informative to clearly depict the project and its goals. Users should always be cautious with whitepapers that present persuasive language and projects that promise too much without giving enough information.

Cryptocurrency whitepapers are often thought of as business plans for crypto projects. It's because they provide investors with a comprehensive project overview. But, unlike business plans, whitepapers are usually released before the cryptocurrency launch. So, a whitepaper is often a starting point in which a crypto project lays out the direction and intention of its idea.

What information can you find in a whitepaper?

Founders make whitepapers to provide an understanding of the goal of their project. For example, Bitcoin's whitepaper says: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." While Ethereum's whitepaper describes its goal in the following way: "The intent of Ethereum is to create an alternative protocol for building decentralized applications."

Whitepapers often give an idea about the real-world utility of the crypto project. For example, it could describe how it solves a specific problem or how it can improve certain aspects of our lives.

Nevertheless, it's important to stay cautious about the promises. It's not a hard task to create a whitepaper. For example, the Initial Coin Offering (ICO) boom of 2017 gave rise to thousands of tokens with "innovative" ideas, but most projects failed to deliver. As a rule of thumb, remember that just attaching a cryptocurrency to a use case doesn't signify that it will be adopted and used.

So, in addition to goals and promises, whitepapers can also show how the cryptocurrency will really work. For example, one of the things it could explain is what kind of consensus mechanism it uses to allow network participants to coordinate in a distributed way.

A whitepaper could also give an in-depth look into tokenomics components, such as token burns, token allocations, and incentive mechanisms. Finally, a whitepaper could contain a roadmap informing users about the project timetable so that they would know when to expect the product releases.

Whitepapers are often designed to be straightforward so that anyone can read them and get at least the basic idea about the cryptocurrency or blockchain project. However, a good whitepaper will also give technical explanations to confirm the project’s competence.

Why are whitepapers important?

Whitepapers are important for the crypto ecosystem. Even though there are no standards for creating them, whitepapers have become a framework for researching crypto projects.

It's a general recommendation to start crypto research by reading the project's whitepaper. Users can use whitepapers to identify potential red flags or promising projects. In addition, they enable users to monitor if a project is sticking to its original plans and goals.

Whitepapers can provide transparency and equality by making the project's key information public. Various parties can benefit from whitepapers. For example, while investors can make better investment decisions using them, developers can decide on their possible participation in the protocol. Similarly, a person interested in the idea can decide more confidently if he wants to join a particular community after reading it.

Examples of whitepapers

Bitcoin whitepaper

The bitcoin whitepaper was published in 2008 by an anonymous individual or group known as Satoshi Nakamoto. The Bitcoin whitepaper is called "Bitcoin: A Peer-to-Peer Electronic Cash System."

The whitepaper outlines how people could use Bitcoin as a more efficient form of money outside the traditional banking model. It gives technical explanations of how the Bitcoin network allows users to send digital currency on the peer-to-peer network without intermediaries. The whitepaper also explains how the Bitcoin network is protected against censorship and double-spending attacks.

Ethereum whitepaper

A young programmer called Vitalik Buterin published the Ethereum whitepaper in 2014. But, even before it, Vitalik proposed the idea of the whitepaper in 2013 in a blog post, "Ethereum: The Ultimate Smart Contract and Decentralized Application Platform." The post presented the idea of a Turing-complete blockchain, which is a type of decentralized computer that can run any application if given enough time and resources.

The Ethereum whitepaper explains how its purpose differs from that of Bitcoin. Whereas Bitcoin has a specific function to provide digital peer-to-peer payments, the Ethereum whitepaper presented a platform that would enable developers to build and deploy all kinds of decentralized applications (DApps). This could be, for example, another cryptocurrency or a decentralized lending platform. The whitepaper also explains the technological solutions that made Ethereum possible, such as smart contracts and the Ethereum Virtual Machine.

Closing thoughts

Optimally, a whitepaper should provide you with a necessary understanding of what the cryptocurrency project plans to do and how. However, whitepapers are not regulated, and practically anyone can write one. So, if you are interested in a certain project, it’s important to analyze their whitepaper carefully, considering the potential red flags and risks.

Further reading

The Psychology of Market Cycles

What Is an NFT?

What Is GameFi and How Does It Work?

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