Crypto whales are scammers. They manipulate the market, caus | Aqib Javed1145 on Binance Square

Trending Articles

Bookmarked and Liked

--・5k views

Crypto whales are scammers. They manipulate the market, causing people to lose money in minutes. It's a serious scam, and it's making me lose trust in cryptocurrency.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.

0

Replies 12

Explore the lastest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Aqib-javed-1145

Explore More From Creator

Important News Alert: Saudi Arabia has decided to stop using the US dollar for selling oil. Instead of only accepting dollars, they will now accept other currencies like the Chinese RMB, Euros, Yen, and Yuan for oil transactions. This change marks a significant shift in their long-standing agreement with the United States. altcoins binanc #alcoinsseason #BTCFOMCWatch #ETHETFsApproved

--

Here's a simplified version of the message: For Bitcoin to possibly start a full uptrend next month, it needs to finish this month below $42,409.76. Similarly, if the six-month chart also ends below this mark this month, it could indicate a complete six-month upward trend. However, if Bitcoin doesn't close below $42,409.76, there's a strong chance it could face a significant decline over the next six months. The expected level is around $37,500. Remember to do your own research (DYOR). #BTC #ETHETFsApproved $BNB

--

Here's a simplified version: I have a classmate who five years ago earned over 10 million yuan. Instead of buying a house or investing in stocks, he deposited all the money in a bank, living off the interest each year. Although this is a safe approach, it may struggle to keep up with inflation. Even with a 3% annual return, he only earns 300,000 yuan in interest annually. I suggested he consider investing some of the money in stocks or funds for higher returns, but he felt unsure due to lack of experience and fear of losing money. He prefers to stick with his safe but low-growth strategy. I think diversifying investments could potentially grow his wealth more effectively in the long run, but it's ultimately his choice whether to explore new opportunities or stay conservative.

--

Certainly! Here's a simplified version: The market sometimes goes through sudden price increases and then sharp decreases. This happens mainly because of large traders known as "whales." Here's why it happens: 1. **Market Manipulation** - **Pump Phase:** Whales buy a lot of cryptocurrency at once, which drives up the price. - **Create Hype:** They spread positive news to get smaller traders to buy, pushing the price higher. - **Dump Phase:** Once the price is high enough, whales sell their holdings at these higher prices. - **Taking Profits:** Selling in large amounts causes the price to drop quickly. 2. **Market Sentiment and Psychology** - **Fear of Missing Out (FOMO):** When prices rise fast, smaller traders buy out of fear of missing out, pushing prices higher. - **Panic Selling:** When prices drop, these traders sell quickly, making prices fall even more. 3. **Liquidity Hunting** - Whales look for places with lots of traders and big orders. - They quickly move prices to make traders with stop-loss orders sell at a loss or buy back at a higher price. By understanding these tactics, traders can protect themselves better in the unpredictable cryptocurrency markets. #TrashinQAİ #Write2Earn!

--

Join our #Binance200M celebration! Attend local events and share your photos or videos on social media with the hashtag #Binance200M. The most creative posts could win 20 BNB token vouchers each. Winners will be announced on Binance's official social media accounts. Remember to follow the terms and conditions.

--

Latest News

Significant Rise in Meme Coin Sector Witnessed

--

Ethereum's Layer2 Total Value Locked Plummets To $38.13 Billion

--

Solv Protocol Launches SolvBTC.BBN Across Multiple Networks

--

MerlinChain Joins BugRap Platform, Offers $200,000 For Bug Bounty

--

US Federal Reserve's Semi-Annual Monetary Policy Report Indicates Progress in Inflation

--

Cookie Preferences

ba-one-trust-cookie