[Essential Reading for Cryptocurrency Beginners] What are the Differences Between Spot and Contracts? Can Beginners Engage in Contracts?
Hello everyone, I am Wenbo. Today, I will discuss spot contracts with you.
In light of the issues many cryptocurrency friends have reported, such as not understanding what a contract is, the differences from spot trading, whether added leverage poses significant risks, hearing about the high risks of contracts, and being hesitant to engage in contracts after hearing about many liquidation events, I would like to explain this uniformly today, hoping everyone can have a basic understanding of contracts and wishing you good luck. This article is mainly aimed at newcomers who have just joined the cryptocurrency circle; experienced users can skip it.
[Must-read for cryptocurrency novices] Whether you can trade cryptocurrency well or not, your attitude is the most important
Hello friends, nice to see you again. The cryptocurrency world is a place full of opportunities and risks. It may make people rich or lose money. Sometimes, just a thought can make you fall into the abyss. But entering the cryptocurrency world has already surpassed most people. You need a good attitude to do anything, and cryptocurrency trading is no exception. Some newcomers who have just entered the circle will cry for war and killing when the market falls a little. Then I advise you to quit the circle as soon as possible. I can only say that the cryptocurrency world is not suitable for you.
Here I will share with you what mentality a cryptocurrency trader should have:
1. First look at the narrative, then the community, and also rely on good luck.
2. After confirming, put 80% of your money and effort into the leader, and use the profits to try other options.
3. No matter how strong a coin is, a 50% drop is quite normal; don't be fooled by short-term gains.
4. FOMO buying will generally lead to being trapped; besides increasing costs, it also makes it hard to hold good coins.
5. In situations like Binance listings or Musk’s calls, if the logic changes, don’t be afraid to chase higher prices; if it’s time to invest, then invest.
6. Major events can truly give rise to golden opportunities; at critical moments, have the courage to believe and take action.
7. Regularly organize your “smart money” list; this information is very useful for decision-making.
8. Know which profits you want to pursue, dig deep, and don’t impulsively follow others’ strategies; what suits others may not suit you. $BTC
Building a Decentralized Content Delivery Network - Pipe Network
What is Pipe? At the core of Pipe Network is a decentralized CDN built to meet the needs of the modern internet. Unlike centralized CDNs that rely on a few large data centers to serve global audiences, Pipe Network uses a permissionless node distributed network to decentralize content delivery. These nodes are operated by providers around the world, creating a powerful and scalable system that can adapt to traffic demands in real-time.
Compared to the centralization of traditional CDNs, Pipe Network's decentralized approach solves the problem by creating a permissionless distributed network where anyone can run a node. This not only increases the number of PoP nodes, reduces latency, and ensures better redundancy. By allowing more participants to join the network, Pipe Network can handle traffic spikes and ensure content delivery even during unexpected network interruptions.
The cryptocurrency market is in full swing. Many newcomers enter the market with the mentality of "getting rich quickly", but many people have suffered big losses here. If you have just entered the cryptocurrency circle, you must remember the following six points! Avoid being "baptized" by the market and take the first step!
1. Don't blindly follow the trend and find your own rhythm There are many so-called "myths" in the cryptocurrency circle, such as a certain coin skyrocketing overnight and a certain project making people make a lot of money. Don't blindly follow the trend and find an investment method that suits you. Don't follow in as soon as you hear others say "make a lot of money". The market is ever-changing, so you must have your own judgment.
2. Understand the coins you invest in and learn to do your homework Before investing, you must understand what coin you are buying. Don't buy it just because you see that a certain coin has risen quickly recently. Understand the background, team, white paper and actual application scenarios of the project to decide whether it is worth investing.
3. Avoid high leverage and stay calm Leveraged trading looks tempting, but it also has high risks. Newbies should not easily try high leverage, because it will magnify your losses and even lead to a liquidation. Invest steadily and accumulate experience slowly.
4. Set a stop loss to avoid emotional operations The market fluctuates greatly, and prices fluctuate very quickly. Setting a reasonable stop loss point can help you avoid big losses and avoid making wrong decisions due to emotions. Remember: stop loss is a means of protecting the principal, don't ignore it.
5. Diversify your investments to reduce risks Don't put all your eggs in one basket. Diversified investments can effectively reduce the risk of a single project collapse. You can invest in mainstream coins, such as Bitcoin and Ethereum, or try some potential altcoins in moderation, but don't concentrate on investing in a single coin.
6. Learn to manage your mentality and don't be too greedy The price of the currency circle fluctuates greatly, and profits and losses are very fast. In the market, a calm mentality is particularly important. Don't be overly greedy because of a temporary profit, and don't be depressed because of losses. Keeping a calm mind and operating rationally is the key to success.
There is no shortage of opportunities in the currency circle, but there is no shortage of risks. Newbies must be cautious when entering to avoid pitfalls. Remember the above ten points, proceed step by step, and don’t be impatient, so that you can reap your own wealth in the cryptocurrency world in the future!#BTC $BTC
Can the rising stablecoin Usual successfully challenge USDT? A quick overview of Binance’s latest Launchpool project Usual (USUAL).
"Yesterday afternoon, Binance announced that it will launch the 61st project Usual (USUAL) on Launchpool at 18:00 Beijing time on November 19, and start pre-market trading. Users can lock BNB and FDUSD to participate in mining. The mining period is from 00:00 on November 15 to 8:59 on November 19, 2024, Beijing time. As soon as the news came out, the price of BNB hit $660 in the short term and was temporarily reported at $648, with a 24-hour increase of more than 6%." Usual Project Introduction Usual is a stablecoin protocol that launches USD, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA), and USUAL, a governance token that allows the community to guide the future development of the network. Usual solves the current stablecoin market problems by redistributing profits to the community and rewarding token holders with the actual income generated by RWA.
The bull market has just begun, why do some people say it is over? A short-term pullback is for a better rise. If there is no pullback, it will be detrimental to the rise.
In the pullback of Bitcoin last night, meme still performed well, but the copycats suffered. Many of them returned to the starting point. After the meme market ends, funds will rotate to a wave of value copycats, but the range is limited. Everyone should choose a good target!
Meme is not suitable for long cycles. Unless it is listed on binance with a strong narrative, it is better not to fall in love and be a scumbag trader!
Will the newly emerging project in the DeSci track, which even Binance Labs is eager to invest in—BIO Protocol—become a huge success?
BIO Protocol is a protocol that reforms early-stage research project financing through blockchain technology. Currently, the project's token presale has raised $11 million, and the author will introduce you to this leading project in the decentralized science (DeSci) track.
Introduction to the BIO Protocol project Decentralized Science (DeSci) is an evolving field aimed at helping solve underfunded medical issues and returning science to the people.
The BIO Protocol in the DeSci track is dedicated to enabling a global community of scientists, patients, and investors to collaboratively fund, develop, and own new drugs and therapies through its Biotech decentralized autonomous organization (BioDAO) network.
Trump returns to the White House, Bitcoin hits a new all-time high, will Bitcoin fall back?
The election dust has settled and Trump has been re-elected as President of the United States. Trump is also the first US president to publicly support Bitcoin and cryptocurrency. BTC is about to open up to the stars. $75,000, a whole new future.
Let’s first talk about Trump’s 10 promises about cryptocurrency. 1. On the first day of taking office (January 20, 2025), fire SEC Chairman Gary Gensler and appoint a new chairman! 2. Keep every Bitcoin-related job in the United States! 3. Appoint a Presidential Advisory Committee on Bitcoin/Cryptocurrency to design transparent regulatory guidance and complete it within 100 days!
Don't sleep, the bulls will run away if you sleep any longer. Take off, take off in an all-round way. Congratulations to Bitcoin for breaking through the historical high. It's our turn to celebrate.
Today, ETH broke through 2800, and DOGE also rose by 30% across the board. Funds flowed from BTC to ETH.
Bitcoin broke through 75,000, reaching a historical high. Friends who didn't enter the market yesterday will cry to death today.
Other cottages have also risen to varying degrees. The violent bull market has arrived. Are friends ready? #BTC☀
Bitcoin prices soared to an all-time high, reaching $75,000 at one point, an increase of more than 8%.
Just yesterday, Trump announced his victory.
Looking back at 2019, Trump, then the US president, tweeted that he was not a supporter of Bitcoin and other cryptocurrencies, criticizing them for not being money, their value was extremely unstable and completely created out of thin air. He also expressed concerns about a series of problems caused by the lack of regulation of cryptocurrencies: "Unregulated crypto assets will facilitate illegal behavior, including drug trafficking and other illegal activities."
In March of this year, Trump began to talk about the advantages of cryptocurrencies: "I make money with it and have fun with it."
In an interview with CNBC, Trump called them "crazy new currencies." Two months later, when he hosted "big holders" of his NFTs at Mar-a-Lago, he announced that he would "support" cryptocurrencies and criticized Biden and the Democratic Party for "opposing cryptocurrencies." Many people believe that this gathering was a turning point in elevating cryptocurrencies to the focus of this campaign.
When he announced that he would fire SEC Chairman Gary Gensler once he returned to the White House, there was an immediate burst of cheers and applause from the audience. In addition, he also said that if re-elected, he would set up a presidential advisory committee to ensure that the regulatory framework for cryptocurrencies becomes law.
In addition, the Trump family also launched the decentralized finance (DeFi) project World Liberty Financial (WLFI) to provide lending services for cryptocurrencies on the Ethereum network.
Trump's victory is widely seen as a huge boon to the cryptocurrency industry. The billionaire real estate tycoon turned politician expressed his support for cryptocurrencies before the election.
To trade, you need to give up the idea of 'having a big shot help me make money'
Some people are too lazy; they just want others to help them and ride on someone else's coattails. It's like many people in group projects who do nothing but want their name at the top when reporting. Some people are too naive; when someone says they will guide you, do you really think they will? Some people are too innocent; they see others' returns and genuinely believe that others can make big money.
But you never think, why would a big shot take you along? Is this person really a big shot? They might take you along, but there will definitely be a fee; or they might take you along but take a commission.
However, you are you, and the big shot is the big shot. No matter how powerful others are, they are still others. What if one day the real big shot stops taking you along? What will you do then? If the big shot suffers a loss but still has money to invest, what will you do if you don't even have living expenses?
As small retail investors, we need to learn more, think more, and strive to become big shots ourselves as soon as possible. The big shot can give you tips and guide you, but they should never replace you in making money. We must take ourselves as the main focus, with guidance from the big shot as support, so that we can truly have the skills to face the world without fear.
If you still don't understand, click on my avatar and find me on my homepage.
DeAgentAI — Web3’s first feedback mechanism incentive protocol
DeAgentAI Project Details DeAgentAI aims to create the world's first AI agent neural network, and through its original LLM model and AGI system, it solves the problem that existing agent systems cannot meet user needs. Facing challenges in the Web3 field, such as high transaction costs, inefficiency, and complex user experience, DeAgentAI leverages comprehensive AI optimization to significantly improve network efficiency and reduce transaction costs, paving the way for large-scale applications. DeAgentAI and Movement form partnership According to ChainCatcher, DeAgentAI, the first feedback mechanism incentive protocol of Web3, announced the deepening of its strategic cooperation with Movement. It will connect AlphaX, the first AI model built based on the DA feedback mechanism, to the Movement ecosystem. While continuing to promote the million-dollar blind box plan and the tens of millions of token incentive plan, it will also link with incentive platforms such as Galxe, striving to bring more benefits to community users.
The election is getting more and more interesting. Trump's running mate Vance mocked Harris as "garbage"?
(On Monday afternoon local time in the United States, Trump's running mate, Ohio Senator Vance, said at a campaign rally, "In two days, we will take out the garbage. The name of the garbage is Kamala Harris." Shortly before that, he also claimed that Harris was "disrespectful" and "even hateful" to some Americans. In his last appearance at the Atlanta campaign, Vance tried to contrast Harris' campaign with Trump's campaign, urging Americans not to put family ties and friendships above politics. )
Hahaha, I have to say that this year's election is really the most interesting election in the United States in 60 years. Before, the world's richest man Musk bribed voters to canvass for Trump, and then the world's former richest man donated $50 million to Harris.
The major wealthy businessmen also stood in line. Political selection is full of business war. Let's just say, if Harris loses, will Musk be cleared. #特朗普
Musk posted on X, stating that the following are the early voting increments in swing states with Republicans minus Democrats before tomorrow (November 5). On Election Day, Republican turnout is typically much higher than that of Democrats, so any states currently leaning Republican in early voting are likely to be in Trump's favor. Pennsylvania, while still leaning Democratic, has a high turnout on Election Day. If the number of in-person votes for Trump is the same as last time, he will win by about 500,000 votes (a landslide). #BTC☀
The U.S. presidential election enters its final sprint, with 76 million ballots already cast; Harris aims to win.
Hello friends, today let's talk about the U.S. election. The 2024 U.S. election is arguably the most competitive in 60 years. 75 million Americans have already voted early, and the moment of 'revelation' is approaching. As Election Day on the 5th gets closer, both the U.S. and the world are anxiously waiting to see whether Democratic presidential candidate Harris will become the first female president in U.S. history or if Republican presidential candidate Trump will return to the White House after an 'unprecedented campaign'.
This year's U.S. election has been tumultuous, marked by dramatic events such as Trump being shot and Harris stepping in temporarily for Biden, yet the two party presidential candidates have not been able to widen the gap in support rates—neither side has achieved a lead of at least 5 percentage points in national polls since the beginning of this year.
ChainCatcher message, blockchain game developer Delabs Games has announced the completion of a new round of strategic financing, with TON Ventures participating. The specific financing amount and valuation information have not been disclosed. The new funds will be used for the growth of Delabs Games and to deploy its game projects on the TON blockchain. It is reported that Delabs Games' PC game "Rumble Racing Star" and space survival game "Space Frontier" were previously built on the Polygon blockchain, but in July of this year, Delabs Games began to expand into the TON ecosystem and launched the Telegram click game Giga Chad Bat.
Sun Yuchen stated that he prefers the dog-themed Meme coins.
Could this be the trend of the future?
He said, 'Fair distribution is one of the biggest advantages of Meme coins. Everyone can track the tokens. I told the Memecoin developers on Tron that if they want to be ahead, they need to ensure fair release and distribution. Meme coins can quickly attract attention, and I study Meme coin trends every day. The story is constantly changing, making things exciting, and it is never boring. One day, it could be a new Elon Musk Meme coin, the next could be an a16z coin, or even a Meme coin themed around religion, artificial intelligence, or art. New concepts are constantly emerging.'
Musk has donated a lot to Trump's campaign and has a close relationship with Trump, hoping to secure a cabinet position once Trump is in office.
In fact, the possibility of Harris winning the presidential election is also quite high, yet Musk has shown no indication of support and has simply bet on Trump.
One theory is that Musk is speculating. Because speculating on Trump could maximize profits, but speculating on Harris would not yield any profit.
If Musk does not speculate on Trump, then if Trump comes to power, he will target Musk. By speculating on Trump, even if Harris comes to power, she will not target Musk. What do you think?
Personally, I actually hope Trump can win, after all, both he and Musk support cryptocurrency!
Nodepay - Another innovative decentralized artificial intelligence (AI) training network
What is Nodepay?
Nodepay is an innovative decentralized artificial intelligence (AI) training network that utilizes unused internet bandwidth for AI model development. Supported by investors such as Animoca Brands and Jump Crypto, Nodepay provides users with the opportunity to convert their contributions into digital assets while enhancing privacy protection through blockchain technology. The network aims to revolutionize AI development while safeguarding user data.
Nodepay's investment team
The decentralized AI training network Nodepay has completed a new round of financing, with investments from Animoca Brands, Jump Crypto, Elevate Ventures, OKX Blockdream, Mirana Ventures, NGC Ventures, and others. Specific funding amounts and valuation details have not yet been disclosed.