LIVE
10,156 views
35 Discussing
Hot
Latest
#live #Learn
Are You Making Losses In Cypto ?
Here are some key reasons:
1. **Lack of Knowledge** 👨🎓: Many beginners jump into trading without fully understanding how the market works. They might not be familiar with technical analysis, market trends, or the specific characteristics of different cryptocurrencies.
2. **Emotional Trading** 😭: Trading based on emotions rather than logic can lead to poor decisions. Fear of missing out (FOMO) and panic selling are common emotional reactions that can result in losses².
3. **High Volatility**💹: The crypto market is highly volatile, which can be both an opportunity and a risk. Beginners might not be prepared for the rapid price swings and can make hasty decisions².
4. **Lack of Risk Management** 🤷: Not using tools like stop-loss orders to manage risk can lead to significant losses. Proper risk management strategies are crucial to protect investments¹.
5. **Following Hype**😵💫: Beginners often follow hype and invest in coins that are being pumped without doing their own research. This can lead to buying at high prices and selling at a loss when the hype dies down³.
6. **Overtrading** ✋: The 24/7 nature of the crypto market can lead to overtrading, where traders make too many trades in a short period, often leading to losses due to transaction fees and poor decision-making².
7. **Ignoring Fees**🙅♂️: Transaction fees, trading fees, and withdrawal fees can add up and eat into profits. Beginners might overlook these costs when calculating their gains and losses³.
🤓Understanding these pitfalls and learning from them can help new traders improve their strategies and reduce losses.
😇 If you're just starting out it's a good idea to practice with small amounts or even paper trading before committing significant funds.
Follow For More 👍
#Nerio #Turbo #1mbdoge
Are You Making Losses In Cypto ?
Here are some key reasons:
1. **Lack of Knowledge** 👨🎓: Many beginners jump into trading without fully understanding how the market works. They might not be familiar with technical analysis, market trends, or the specific characteristics of different cryptocurrencies.
2. **Emotional Trading** 😭: Trading based on emotions rather than logic can lead to poor decisions. Fear of missing out (FOMO) and panic selling are common emotional reactions that can result in losses².
3. **High Volatility**💹: The crypto market is highly volatile, which can be both an opportunity and a risk. Beginners might not be prepared for the rapid price swings and can make hasty decisions².
4. **Lack of Risk Management** 🤷: Not using tools like stop-loss orders to manage risk can lead to significant losses. Proper risk management strategies are crucial to protect investments¹.
5. **Following Hype**😵💫: Beginners often follow hype and invest in coins that are being pumped without doing their own research. This can lead to buying at high prices and selling at a loss when the hype dies down³.
6. **Overtrading** ✋: The 24/7 nature of the crypto market can lead to overtrading, where traders make too many trades in a short period, often leading to losses due to transaction fees and poor decision-making².
7. **Ignoring Fees**🙅♂️: Transaction fees, trading fees, and withdrawal fees can add up and eat into profits. Beginners might overlook these costs when calculating their gains and losses³.
🤓Understanding these pitfalls and learning from them can help new traders improve their strategies and reduce losses.
😇 If you're just starting out it's a good idea to practice with small amounts or even paper trading before committing significant funds.
Follow For More 👍
#Nerio #Turbo #1mbdoge
Just In: First Trust Files for Bitcoin Buffer ETF
Asset management firm First Trust has filed the first-ever Bitcoin Buffer ETF as it seeks to offer a unique protection for clientsA new kind of Bitcoin (BTC) Exchange-Traded Product (ETP) is making rounds in the crypto industry. First Trust has submitted a filing for a Bitcoin Buffer ETF that aims to protect users.Bitcoin Buffer ETF: Scope and GoalsAccording to the filing lodged with the United States Securities and Exchange Commission (SEC), the Bitcoin Buffer ETF is designed to offer a form of protection for potential Exchange Traded (ETP) trading in the US. According to the filing, the ETF will protect up to the “first 30% loss of the Underlying ETP losses at the end of each Target Outcome Period.”“After the Underlying ETP has decreased in price by more than 30%, the Fund will experience subsequent losses on a one-to-one basis (i.e., if the Underlying ETP loses 35%, the Fund loses 5%). The buffer is before taking into account the Fund’s fees and expenses charged to shareholders.”Much more, the Bitcoin Buffer ETF will be influenced by brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund’s management fee. It also does not seek to offer any buffer on the first 30% losses of the Underlying ETP at any time other than the end of the Target Outcome Period. Recommended ArticlesJames Seyffart, the Senior Bloomberg ETF analyst explained that these types of ETPs offer protection on a set percentage of downside loss with capped upside. This is quite novel in the crypto industry and Seyffart believes that in the coming weeks, more entities will indicate interest in pursuing such investment options. He also perceives the possibility of having other strategies that offers new exposure to Bitcoin.Community Awaits Bitcoin ETF ApprovalBitcoin Futures and Ethereum-based ETFs are the current prevalent ETPs out in the market. Six months ago, top investment asset management firm BlackRock filed application for a spot BTC ETF with the United States SEC, choosing American cryptocurrency exchange Coinbase as its custodian. BlackRock’s filing spurred many other asset managers including Fidelity Investments, WisdomTree, Valkyrie, VanEck and Invesco to file similar applications.Similarly, a number of these applicants have also moved to submit Ethereum ETFs as well. The SEC is yet to greenlight most of these applications, especially the spot Bitcoin ETFs. Generally, the broad crypto industry is waiting for the regulator’s decision on the multiple filings for Bitcoin ETF. The introduction of the Bitcoin Buffer ETF by First Trust is an indication that many new products that can provide regulated exposure to the top cryptocurrency are likely to show up.#BTC #trading #live $BTC #crypto Please DYOR on this article.