First of all, understand how leverage works: imagine you open a trade to buy with $100 with 10x leverage, it will act as if you had $1,000. How does this work? The exchange (like Binance) will simply lend you $900, and in exchange for that, if the price drops by 10% (so your $1,000 turns into $900), your position is automatically closed to prevent you from being indebted to the exchange. You are what is called "liquidated". When you are liquidated on a long position, at the moment of your liquidation, it instantly creates a market sell: this means that your remaining $900 is sold off so that Binance can recover its money. Now, let's take this phenomenon and apply it on a much larger scale: imagine that 10,000 people enter long with 10x leverage on BTC at 3 different levels: at $65k, $67.5k, and $70k. Now, imagine that the price drops to $63k, so -10% from $70k. The people who entered will get liquidated and will thus trigger massive sales in the market, which will strongly push down the price of BTC, which will then go down to $60,750 due to massive liquidations, which will trigger the liquidations of those who entered at $67.5k, and so on... This is called cascading liquidations. When too many people enter the market with leverage, it creates a risk of very strong and rapid liquidations, which can create "flash crashes", that is, moments of a few minutes where BTC can lose -20 or -25%. This is also the same in traditional finance, on the scale of banks/hedge funds etc, but that's another topic. #btc70k #ETHETFS #buythedip
Investing a portion of your income in crypto and stocks is a very good idea. But above all, do not make the mistake of investing all your income in crypto, not even the majority of it. Never forget that cryptocurrency is a very risky market, which can certainly make you gain a lot, but it can also make you lose a lot. Investing the majority of your earnings involves a huge capital for which you are probably not psychologically ready, and this will undoubtedly lead you to make huge, and often emotional mistakes.
This marks a significant milestone in the growth of the Xai Gaming ecosystem. Your unwavering support has been instrumental in our rapid growth and success, and we are grateful for your dedication.
The Road Ahead: Halving events reduce token issuance over time, increasing scarcity. By implementing a predictable reduction in token rewards, halving fosters long-term stability of the overall ecosystem. Staking thresholds will be adjusted per Gitbook. More on this later.
Together, we are building a thriving token ecosystem for Xai Gaming. Thank you for being part of the growing Xai community! #GamingCoins #buythedip
With the crypto market on the rise and Eth Etf on the horizon, the "Fear and Greed Index" has shifted into the "Extreme greed" zone – indicating that people are eager to buy crypto. This is the time when you hodl... #HODLforBigGains #ETHETFS #btc70k
As part of the Hodl & Earn promotion series, Binance is excited to announce that we will soon launch the next round of "Binance Learn & Earn", where users can gain knowledge on blockchain and earn crypto rewards by completing courses and quizzes. Activity Period: 2024-05-21 09:00 (UTC) to 2024-06-04 09:00 (UTC)
#Bitcoin I came across this chart on Binance Square yesterday and felt an urge to share it, we see a big green candle for $BTC I hope it will be the start of the parabolic event... An inverse head and shoulders pattern. Hoping that Altcoins will follow soon...
These are uncertain times there is no denying #BTC It isn't clear bull or bear until BTC takes a side Bull run will not come until BTC will break above previous halving (2020) ATH, which was around $69,000 so be patient #HODLforBigGains
I avoided many times to debate this topic... but no more. I have to tell crypto enthusiasts that BTTC is not going to make 1$ in near or very far future. Let me solve a math problem for you... There are 968.25 trillion BTTC Tokens in circulation, so 968.25 trillion dollars will be needed just for BTTC to reach $1... BTC market cap is 1.36 Trillions and The global crypto market cap is 2.65 trillion, So, tell me, do you really think BTTC is going to $1 in near future???
This guy invested $20 in BONK and made $20,000 Another guy invested in SHIBA and multiplied its portfolio by X 210 Oh, another guy!!! and another guy.... and another guy You have definitely seen this kind of post circulating around the feed I am not saying these stories are not true But what they forgot to tell you is that it took almost 6 months for BONK to reach it's ATH Others have waited from 3 months to more than a year to accumulate such wealth Be Patient your time will come DO NOT BUY GREEN CANDLES & SELL RED ONES... #HotTrends #sol #BOME #RNDR
“XRP To Hit $589”: How A Fake Simpsons Screenshot Fooled Ripple Bulls A still image showing Bart Simpson scrawling “XRP to hit $589+ by EOY” on his school’s chalkboard started making the rounds again on social media this week. However, those sharing the picture have failed to verify its authenticity. Several crypto influencers have reported on an edited Simpsons screenshot predicting that XRP would hit $589 by the end of the year.
A viral image of Bart Simpson "predicting" XRP's future price action is making the rounds on social media, but the image is not authentic. The Simpsons is famous for predicting several notable world events in the show's universe before they would eventually happen in the real world. The image dates back to 2020 but never appeared on the FOX animated series. Although the Simpsons writers dedicated an episode to cryptocurrency in 2020, the XRP price prediction doesn’t exist. #HotTrends #XRP/USDT🔥🔥 #BTC
Do not borrow money to invest in crypto Use only what you are ready to lose The sentiment is GREED and Momentum is BULLISH still Cryptoworld is highly volatile and unpredictable #DYORAlways #HotTrends #GALA #XRP/USDT🔥🔥
$BONK is a $SOL based meme coin It will go up if Solana ecosystem is enhancing Right now, Solana is in the accumulation phase Another issue with meme coins is popularity As long as they are popular, their utility doesn't matter... Bonk is not as popular as $PEPE Doge or Shib IMO DYOR
JOE BIDEN ENDORSED XRP???? A declaration signed by Biden and other leaders of the world's 20 biggest economies—collectively known as the G20—said, according to local media reports. "We endorse the Financial Stability Board's high-level recommendations for the regulation, supervision and oversight of crypto-assets activities and markets and of global stablecoin arrangements,"
The new rules would require bitcoin and crypto exchanges and companies to share information on crypto transactions between countries beginning in 2027.
Earlier this week, the FSB and the International Monetary Fund (IMF) recommended crypto cross-border cooperation and information sharing in a joint report to the G20, warning that a blanket ban to outlaw bitcoin and crypto would be costly and difficult to enforce. However, the report also said bitcoin and crypto should not be granted official currency or legal tender status, and central banks should avoid holding cryptocurrencies.
Two years ago, El Salvador made history by becoming the world's first country to make $BTC legal tender, attracting criticism from the financial establishment. $ETH $XRP #DYOR。 #BTC #Tether #Metamask
This is a question that many crypto enthusiasts and investors are asking themselves as they watch the price of $XRP , the native currency of the Ripple network, fluctuate in the market. XRP is one of the oldest and most established cryptocurrencies, with a loyal fan base and a strong use case in cross-border payments. But can it really achieve such a high valuation in the future?There is no definitive answer to this question, as there are many factors that influence the price of any cryptocurrency, such as supply and demand, regulation, innovation, competition, adoption, sentiment, and so on. However, some analysts and experts have made predictions based on various assumptions and scenarios. Here are some of the most optimistic and pessimistic views on XRP's potential.The bullish case for XRPSome of the arguments in favour of XRP reaching $1000 or more are:- XRP has a limited supply of 100 billion tokens, of which about 46 billion are in circulation. This means that if the demand for XRP increases, the price will also rise due to scarcity.- XRP is backed by Ripple, a company that has a strong vision and a proven track record of innovation and partnerships in the fintech industry. Ripple aims to make XRP the global standard for cross-border payments, by leveraging its network of over 300 financial institutions and its fast, cheap, and scalable technology.- XRP has a loyal and active community of supporters, who believe in its potential and promote its adoption. XRP also has a dedicated development team that works on improving its features and functionality.- XRP has shown resilience and growth in the past, despite facing challenges such as lawsuits, regulatory uncertainty, and market volatility. XRP reached an all-time high of $3.84 in January 2018, and has recovered from several crashes since then.- XRP has a lot of room for growth, as it is still relatively undervalued compared to other cryptocurrencies. According to CoinMarketCap, XRP's market capitalization as of October 24th 2023 is about $50 billion, which ranks it as the fifth-largest cryptocurrency. However, if XRP were to reach $1000, its market cap would be $46 trillion, which is more than the current GDP of the entire world. The bearish case for XRPSome of the arguments against XRP reaching $1000 or more are:- XRP faces stiff competition from other cryptocurrencies that offer similar or better solutions for cross-border payments, such as Stellar Lumens (XLM), Cardano (ADA), or even Bitcoin ($BTC ) and Ethereum ($ETH ). These competitors may have more advanced technology, more adoption, or more innovation than XRP.- XRP is subject to regulatory uncertainty and legal risks, as it is still unclear whether it is considered a security or a commodity by various authorities around the world. Ripple is currently involved in a lawsuit with the US Securities and Exchange Commission (SEC), which accuses it of selling unregistered securities. The outcome of this case could have a significant impact on XRP's future.- XRP is not fully decentralized, as Ripple controls about 54 billion tokens in an escrow account, which it releases periodically to fund its operations and investments. This gives Ripple a lot of influence over the supply and distribution of XRP, which may not align with the interests of other stakeholders.- XRP is not widely used or adopted by mainstream users or businesses, as it still faces challenges such as low awareness, limited accessibility, technical complexity, and lack of integration with existing systems. XRP's use case is also niche and specific, which may limit its appeal and demand.- XRP is not likely to reach $1000 anytime soon, as it would require an unrealistic and unprecedented increase in its price. To reach $1000 from its current price of about $0.54 (as of October 24th 2023), XRP would need to appreciate by over 92,000%, which is unlikely to happen in a short period of time.ConclusionIn conclusion, whether XRP will reach $1000 or not depends on many factors that are hard to predict or control. However, based on the current evidence and trends, it seems that this goal is very ambitious and optimistic, and may not be achievable in the foreseeable future. However, this does not mean that XRP does not have value or potential as a cryptocurrency. It may still offer attractive returns for investors who are willing to take risks and hold for the long term. As always, do your own research before investing in any cryptocurrency.Moreover, crypto market is highly volatile and unpredictable. #BTC #etf #xrp #BinanceSquare
Play and win with $1 game - Go to Pay and find the $1 game - Answer the quiz - Your $1 will freeze from spot balance and you are in -Find the LINK below