💥💥Remember, what you must do before withdrawing virtual currency💥💥Recommend collection
Do you think you can just find a buyer to cash out virtual currency? Yes, the virtual currency is sold and the money is in hand, but the consequence of selling virtual currency so simply is that the receiving bank will freeze it nine out of ten times, and if you want to unfreeze the bank card after it is frozen, the public security agency will ask you to produce evidence to prove your innocence. If you want to produce evidence to prove the real transaction.
When withdrawing money from virtual currency, you must do the following work
First, how much do you know about the buyer? This is often asked by the public security agency. Virtual currency transactions are not like buying and selling ordinary goods. You must fulfill your reasonable audit obligations and review the other party's account information before the transaction. If the bank loses funds, you must refuse the transaction. It is not that you can trade with anyone as long as it is profitable.
Second, keep the chat records of the corresponding virtual currency sales in time and restore the transaction process
Third, take screenshots of the exchange transaction orders in time. Now the exchange only retains 6 months of transaction orders. If the time is exceeded, the order cannot be retrieved. This is very unfavorable for proving your real transaction. All must be downloaded and backed up in time
Be sure to complete the above process before withdrawing funds. Otherwise, the bank card will be frozen and the money will be gone. In serious cases, you will be imprisoned for helping to conceal the letter
If this article is useful to you, then you might as well pay attention. There is a 100-fold coin being laid out. The host also introduces me and takes you on the bus without any threshold
I estimate that by then, the price of Bitcoin will be between 1-2.5 million RMB.
Bitcoin is eternally non-inflatable compared to fiat currency; 1 Bitcoin will always equal 1 Bitcoin.
Let me say something very simple.
The cryptocurrency space is so profitable, and the industry is developing so rapidly, is there any possibility that the cryptocurrency space could completely disappear and go to zero?
Absolutely not, because this is a trend, and the action of the trend allows this circle and industry to withstand such suppression and slander while still developing independently, because some trends are bound to be unstoppable. This is the law of things.
Since one can make money in this space, and the accumulation of wealth is so fast, its operational efficiency is so high. Could it be that Bitcoin may not rise anymore and just continue to fall or hover? Capital has a natural instinct to chase profits. It has a keen sense of smell; wherever there is a wealth opportunity, it will rush in without hesitation to make a profit. Just look at yourselves, if a friend of yours makes money in an industry that you can also do, will you not go into it and just watch your friend make money? Just like back in the days of Taobao, many didn’t understand, but those grassroots who rushed in all made money, and then the brand merchants came in.
2021 was a year when institutions tested the waters; many institutions did not enter the market. These bloodthirsty capitals will not let this cake go, so the cryptocurrency space will definitely develop effectively and substantially, in line with human nature and the laws of development. The cryptocurrency space will not perish, because those who made big money will not all cash out and leave; absolutely not. Because they have witnessed the speed at which money can be made in this space, they will not leave. Seeing others make money in this circle, those who haven’t made money will rush in to buy coins, further pushing up the price. So will Bitcoin step by step enter the homes of ordinary people? In the end, it is impossible for most people to own one Bitcoin; as long as that day has not come, the price of Bitcoin is sky-high, rather than the so-called 1 million or 2 million. What do you think?
Interested friends can take a look at the Peak Brother Chat Room (69241991)
What is the experience of professional cryptocurrency trading?
Want to turn 50,000 in capital into 1,000,000 20 times the profit
It depends on how you operate. Some professional cryptocurrency traders like Caishen can achieve this, but the duration is uncertain and depends on the market conditions; sometimes, it can be achieved in just one day when the market is favorable.
This is actually a high-risk trade. Most people who play contracts with the fantasy of becoming rich overnight have faced liquidation, and not just once; many have suffered significant losses.
In the cryptocurrency world, losing a few thousand is rare, but losing tens of thousands is common, and losing over a hundred thousand is also frequent, with losses in the hundreds of thousands not uncommon.
Those who truly trade cryptocurrencies are all pursuing stability, and under the premise of stability, they seek profits. However, relatively speaking, the returns are lower, but at least your principal is safe. Having a good strategy, strictly executing it, not being greedy, and making timely profit-taking and stop-loss decisions, it’s actually not difficult to earn steadily in the cryptocurrency world.
Is it difficult to make 1 million in the cryptocurrency circle? What are the ways?
First, let's align a basic concept. What exactly is the cryptocurrency circle?
If you regard the cryptocurrency circle as a casino, then I have to say that no matter whether you can make 1 million or not, you can't take it away. Have you ever seen anyone who can really take money away from a casino?
If you regard the cryptocurrency circle as a lottery station. Then you can try it, just don't let it affect your mood. Invest a little every day and bet on a high return.
If you regard the cryptocurrency circle as an investment target, this 1 million is really not that difficult. From a global perspective, the cryptocurrency circle may concentrate the best investment targets, far better than the A-share market, gold, oil, insurance, and funds.
However, you have to abide by the investment concept of the cryptocurrency circle and do it in the way of investment. At that time, it is not gambling, nor playing, nor speculation, but a serious investment in valuable assets.
If you don't know how to do it, the dumbest and most effective way to make valuable targets is to hoard coins, then cross the bull and bear markets, and hold two cycles. You will see a steady harvest.
Brother Feng has opened a chat room on Binance (69241991). Interested friends can come and have a look. If you don’t know how to enter the chat room, click the three dots in the upper right corner of the contract → Chat Room → Search for the room ID (69241991) to enter the chat room.
10 truths to pay attention to during the bull market!
1. In the bull market, the more popular the coin (often accompanied by high control), the faster it falls
2. Few people promote the real potential coins and bottom coins. Instead, only a small number of people will occasionally shout at the bottom
3. The trend of the currency circle, looking at the overall situation, is always a gentle curve
4. The methods used by the altcoin dealers to pull the market are similar, usually smashing + slowly pulling up
5. If the new coins on the exchange are accompanied by a surge and then a plunge, then they should not be touched
6. It is normal to fall when you buy and rise when you sell. If you can't stand this fluctuation, you should consider your mentality
7. After you buy, it rises instead of falling, and after you make a profit of 5%-20%, it suddenly starts to pull back, which means that this coin is about to start harvesting
8. The most ruthless price rebound is often not potential coins, but leeks
9. In a bull market, some potential coins perform mediocrely in the first half, but often start to rise several times in the second half
10 In a bull market, if a coin can still remain sideways for several months after experiencing several times of growth, it is probably a potential coin
Wednesday morning, Bitcoin analysis and trading suggestions!
Bitcoin made another effort in the early morning, rebounding to a high of 73660, then briefly dipping below 72000 before being pulled back up. It has now returned to around 72500, oscillating. The daily chart shows a strong increase with four consecutive bullish candles, steadily rising and rebounding. Yesterday was mostly a consolidation day instead of a pullback correction. After continuous consolidation, a new high was reached, with an overnight high followed by a pullback, but the space and structure are insufficient to change the current strong momentum. The pullback is just seen as a local correction unless there is a further shallow pullback today and closes at a low position, which could alter the structural pattern.
Looking at the four-hour chart, the upward structure is maintained, and the local correction is aimed at building momentum for further highs. The upward structure remains good. The main strategy is to guard against pullbacks using the upward trend line while maintaining a low long position. In a strong market, go with the trend. With increased volatility, operational adjustments should be made accordingly, entering with light positions in batches, and slightly widening the stop loss to avoid missing key points.
Morning BTC short-term operation: Buy in the 71800-72300 region on a pullback, with a target of 73500-74000. More points for ETH, SOL, and others will be announced in the chat room. If you don't know how to enter the chat room, click on the three dots in the upper right corner of the contract → Chat Room → Search for room ID (69241991) to enter the chat room #你问我答 #美国大选后行情预测 #BTC挑战历史最高价
1. At the beginning of the surge: It's rising so fast, the bull market won't really come, right? It's rising so fast, I don't dare to add more, wait and see.
2. Continue to surge: Damn, the bull market is really coming, it's rising, I don't dare to buy more, buy a little to test the water, and wait for a correction to increase the position.
3. Surge to the top: Add positions! ! Leverage, 200,000 is not a dream, it's too late to get on the train.
4. Start to plummet: Technical adjustment, add positions!!
5. Continue to plummet: panic and sell.
6. Continue to fall: stuck for 3 years.
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In a bull market, if you want to hold onto your chips, you must learn to forget and not be influenced by the market. Ignore short-term fluctuations.
Next, the madness of the second half of the bull market is about to start, with weekly level increases surging like a bulldozer. Knowing how to hold onto your chips is key, and knowing how not to be shaken out during market fluctuations is equally critical. It is recommended that the spot holdings in your hands should have a vision and be held until March next year. For contract leverage operations, it is suggested to do short-term trades, going in and out quickly. In this wave of market, if you make a little profit and run, you are destined to have no connection with wealth. This wave of fortunate wealth belongs to friends with vision; a super bull market is about to unfold, and let us witness the miracle together. We are currently in a great bull market! We should quickly abandon bear market thinking.
Brother Feng's chat room (69241991) is here to answer your questions and provide guidance. Interested friends can come and take a look. If you don’t know how to enter the chat room, click the three dots in the upper right corner of the contract → Chat Room → Search room ID (69241991) to enter the chat room #你问我答 #狗狗币创数月新高 #BTC突破7W1
The principles of cryptocurrency trading in a bull market can be summarized as a combination of technical aspects and cycle theory. The key elements are as follows:
First: Maintain your position and never go short. While ensuring that you only use spare money for investment, buy mainstream coins with the largest position. In the early stage of a bull market, prices are still relatively low, so you must dare to hold on to the coins for short-term trading. Be sure to follow the main operation to avoid diverging from market trends.
Second: Avoid chasing highs and buy on dips. Don't blindly chase up when prices are too high. A bull market will not rise straight all the way, and there will always be opportunities for a pullback. Seizing the opportunity of a pullback to increase your position and go long is the best strategy in a bull market.
Third: Avoid short selling and go with the flow. In a bull market, any idea of short selling is dangerous. Going with the flow and following market trends is a smart investment decision, and never go against the general trend.
Fourth: Resolutely do not buy junk coins. Even if junk coins rise a lot in the short term, they lack long-term consensus support and will eventually burst the bubble. When investing, you should focus on leading currencies with actual consensus and market recognition, and avoid chasing the empty bubble of short-term gains.
Summary: stabilize your position, seize the callback to increase your position, follow the trend, choose high-quality leading coins, and seize opportunities in the bull market.
Brother Feng created a chat room on Binance. Interested friends can come and have a look. Spot passwords and contract strategies are shared from time to time. I don’t know how to enter the chat room. Click the three dots in the upper right corner of the contract → Chat Room → Search Room ID (69241991) to enter the chat room
The hot topic to focus on next - the US presidential election.
This event will give rise to many MEMEs, such as Trump, Harris, Biden, and the people. When political hotspots arise, it will stimulate a wave of market activity. What we need to do is to predict in advance and seize these hotspots.
Many people are asking: Why has BTC soared? Why haven't some altcoins followed suit?
First, concentrate funds on Bitcoin. Because Bitcoin is the flagship of the entire market; without Bitcoin reaching new highs, a bull market for the whole market is impossible!
However, before the market atmosphere fully picks up and before new funds come in, the resources in the market are limited. If funds go to buy Bitcoin, there will be less for other assets. Therefore, compared to Bitcoin's upward trend, altcoins appear weak. Then slowly, the market's profit-making effect kicks in, a new wave of retail investors and funds enters, and altcoins will start to rise—that's the explosive bull market everyone is looking forward to.
Peak Brother has created a chat room on Binance to discuss whether Bitcoin can reach new highs. Interested friends can come and take a look. Additionally, spot trading tips and contract strategies will be shared from time to time. To enter the chat room, click the three dots in the upper right corner of the contract section → Chat Room → Search Room ID (69241991) to enter the chat room.
Has the bull come? The pancake surged to 7.1, and the knockoffs are starting to perform one after another.
Recently, the explosion of cryptocurrencies has been more intense than ever, and many people believe: this feels like a bull market.
October has clearly become the domain of the bulls, especially with the U.S. election approaching and global conflicts escalating, all of which present a 'great opportunity' for safe-haven assets.
As an old investor in the crypto space, since August 5th, I have been emphasizing not to give up on your holdings.
2024 looks to be a tough and torturous year, but let's not forget that the crypto world is a place for creating legends; especially in times of great fear, even bigger market movements will erupt.
At this point, there's not much to share with everyone; everything is already destined. If you want to seize the last opportunity to jump on board, make sure to follow the professionals and don’t buy coins blindly.
After October, the only tests will be patience and confidence.
As long as you buy the right coins, when the big trend comes, even pigs will fly.
Of course, if you buy the wrong ones, you might just be on a wealth rollercoaster.
In the end, it's still that saying: I wish everyone success in digging for gold in the fourth wave of the crypto wealth surge.
The following fields are very likely to become a catalyst for your wealth in 2024!
1. Meme Coins: Don't underestimate them just because they lack sophisticated technology; they have always been highly popular! From the classic PEPE and Floki to the newcomers Neiro and Turbo, ride the waves of the market and make steady profits. If you enjoy spot trading, make sure to allocate some positions to it, or you might regret it later.
2. AI Tokens: The trend of the future! Tokens like Arkm and Phb are top players in the AI field, and the projects behind them are reliable.
3. RWA: Connecting real-world assets and blockchain, projects like Ondo and Polyx have great potential for real-world application.
4. Re-staking: Pendle and BB are focused on the cash flow value of assets, which is a major theme in the blockchain world.
5. Public Chains: ETH and INJ are the cornerstones of blockchain, thriving in every market cycle; their value should not be underestimated.
Peak Brother has created a chat room on Binance. Interested friends can come and check it out. Spot trading tips and contract strategies will be shared from time to time. If you don't know how to enter the chat room, click the three dots in the upper right corner of the contract → Chat Room → Search Room ID (69241991) to enter the chat room.
The altcoins of 2024, how difficult is it to take off!
Why is it considered difficult to invest in altcoins? There are only two reasons.
First, the wrong investment mindset, with overly high expectations; most people are still stuck in the historical trends of the last bull market, which commonly saw returns of 30x or 50x.
Second, blindly following trends and being led by market emotions; when prices rise, they can't control their greed, and when prices fall, they can't overcome their fear.
Those with these two bad habits are not suitable for investing in altcoins, especially if they don't have a lot of capital, because such trading habits will eventually turn into 'gambling.' In the future, every time they buy or sell a coin, they will only spend a minute thinking, and then the money will slip away.
Making a life-and-death decision in one minute is so rash that the final result is bound to be: losing both money and assets.
Brother Feng has created a chat room on Binance; interested friends can come take a look. Spot trading secrets and contract strategies will be shared from time to time. If you don't know how to enter the chat room, click the three dots in the upper right corner of the contract → chat room → search room ID (69241991) to enter the chat room.
Is there still a bull market? How do you feel that it has reached the top?
People always ask this question.
In fact, no one makes money by judging whether there is a bull market or not. Those who make money rely on specific operating principles, such as when to buy and when to sell.
If you have to say whether it is a bull market or not, BTC has been from 15,000 to 73,000, isn’t it a bull market?
If you have to say it is a bear market, some individual altcoins, such as WLD, have gone from 2 to 13, and now from 13 to 2. Is it a bear market?
[doge]
It can only be said that Bitcoin is still in a bull market, and the bull and bear cycles of many altcoins are obviously out of sync with Bitcoin.
Bitcoin has a long bull market, and the others are short bull markets. This is the situation now.
Brother Feng has created a chat room on Binance. Interested friends can come and have a look. Spot passwords and contract strategies are shared from time to time. I don’t know how to enter the chat room. Click the three dots in the upper right corner of the contract → Chat room → Search room ID (69241991) to enter the chat room
99% of people who trade cryptocurrencies lose money for these reasons!
1. No guidance from a mentor; they look at others' advice to make trades, focus on short time frames, and end up chasing and losing;
2. Strong personal opinions; they never trust just one person, look at various analysts' insights, and make trades based on their own synthesis. When they predict correctly, they lack the confidence to enter the market; when they predict incorrectly, they jump in;
3. With a mentor's guidance, they always trade heavily but tend to be wrong;
4. When they are right, they take a small profit and exit; when they are wrong, they get trapped or hedge, ultimately cutting losses at the lowest point or liquidating all positions;
5. They trade well in a volatile market, but after one day of heavy trading and losses, they develop a fear of the market, believing every day is one-sided and hesitate to trade, even though the market is actually volatile; suddenly one day they think it's volatile, but it turns out to be one-sided;
6. In a one-sided market, they predict correctly but always miss the entry point, and when they finally make a trade, it first goes through a wave of volatility, resulting in small profits that lead to frustration. When they try to catch a retracement, they end up getting trapped. Once trapped, they hope it will at least retrace to break even or exit with a small loss, knowing the trend has clearly reversed, yet they still get deeper into the trap like a frog in boiling water, ultimately cutting losses at the highest or lowest point.
Brother Feng has created a chat room on Binance; friends who are interested can come and take a look. Spot trading tips and contract strategies will be shared irregularly. To enter the chat room, click on the three dots in the upper right corner of contracts → Chat Room → Search room ID (69241991) to join the chat room
Four Things to Avoid When Trading Cryptocurrencies! Among them, two are related to retail investors!
1. Heavy Investment in Obscure Altcoins Blindly investing a large amount of capital into obscure and high-risk altcoins, hoping they will lead to overnight wealth. However, these coins often lack stable fundamentals and liquidity, and once the market fluctuates, losses can be difficult to recover.
2. Averaging Down on Losses: Continuously increasing positions during losses, hoping to recover losses by increasing holdings, but often falling into a vicious cycle of losing more and adding more. This is a common mistake made by many investors and an important reason for capital loss.
3. Technical Indicators: Over-relying on technical indicators for trading decisions, neglecting the market's fundamentals and actual trends. While technical indicators can provide some reference, they are not infallible; excessive faith in them may lead investors to miss real investment opportunities.
4. Frequent Trading: Engaging in frequent trades, pursuing short-term profits while neglecting long-term investment value and strategies. Frequent trading not only increases trading costs but may also affect investors' mindset and judgment, ultimately leading to investment failure.
After 6 years of trading cryptocurrencies, I earned 35 million, all thanks to the following points. If mastered well, these can be applied for a lifetime!!
1. Learn to monitor news, understand how to interpret market information. When major news hits the market, it is usually when cryptocurrency prices fluctuate the most, potentially rising or falling sharply. Traders need to make judgments. For beginners, it is advisable to take a wait-and-see approach during significant news events.
2. Learn to analyze technical aspects, master technical indicators knowledge. Learning technical indicators requires long-term accumulation. Set a learning plan for yourself to understand moving averages, KDJ, Bollinger Bands, candlestick patterns, volume-price relationships, and capital flows, etc.
3. Develop a trading plan. Avoid frequent trading. Frequent trading not only incurs high transaction fees but also affects trading mentality, leading to loss of rational judgment;
4. Implement risk control. Set stop-loss and take-profit levels while trading to manage risk. Keep both profits and risks within an acceptable range. When the price reaches the stop-loss or take-profit points, the system will automatically close the position for us, meaning to sell. Additionally, managing the size of your trading position is crucial, and those who can control position size are masters.
Mastering the wealth code technology—once you grasp these technical indicators, you can easily navigate the market!
Some say they achieved financial freedom in the crypto world, while others say they have nothing in the crypto world. So can the crypto world really help ordinary people make a comeback, and how can we avoid pitfalls?
First, let's talk about what making a comeback means. It's like having 100,000 and turning it into millions, or multiplying it by 1,000 to reach a small goal. This is called a comeback, but 99% of people in the crypto space can't achieve it. Why? They can't hold on – this is the simplest and most direct way. Let me share a real case, a friend of mine. Back in 2011, you could directly use rob to buy Bitcoin. He spent 2,000 to buy 10 Bitcoins, but due to some unavoidable reasons, he only sold them at the beginning of this year for 4 million. If it were you, could you hold on?
If you can't hold on, how can you avoid pitfalls to do better in the crypto world? Nowadays, newcomers enter the space mainly because they've heard about certain altcoins soaring and getting rich overnight. They know nothing and rush to buy those so-called hundred-fold altcoins, only to find themselves at the peak.
I can only advise you not to blindly chase after rising prices. The so-called get-rich-quick altcoins should be taken with caution. The market is now testing human nature; no one can become rich overnight. Lastly, I want to remind everyone, stability is key; don't joke with your own pocket.
The market continues to fluctuate with major altcoins, let's pay attention to the altcoin sector. There are two aspects of altcoins to focus on:
1. Game Sector: The majority of tokens listed on Binance since the end of last year belong to the game sector, but during the first wave of altcoins at the beginning of the year, the game sector hardly made any moves. After more than half a year of cleaning, the peak has dropped nearly 90%, and now it is starting to show some strength bit by bit;
2. MEME Sector: First, there was speculation on various animals like frogs, hippos, and BOME, then the hype shifted to the election-related PEOPLE on certain platforms, and now it's AI + MEME. There is a high probability that MEME will run throughout this entire cycle.
Other smarter altcoins have started to transform into MEME launch platforms, for example, APE is following the SUI and APT route, pulling up the B price, along with DYDX and BAKE. These will also benefit from a wave of dividends later on. Now, what you need to do is either follow the trend, swap for slightly more stable high market cap MEMEs, or blue-chip DEX types, or look for short-term opportunities for price increases. Combining news to summarize, if you really don’t want to swap or move, then just wait for Bitcoin to reach new highs to see the rest perform.
Aside from MEME, the public chain performance is decent; SOL is also the absolute leader here and one of the few projects that can rise against BTC. TIA, ICP, TRON, and ADA are also performing reasonably well, while most other altcoins are generally in a downtrend. In summary, the market is not yet fully bullish on altcoins, but I still expect a big wave in Q4. Let’s all look forward to it together.
Three Strategies to Help You Hold on to Ten Times or Even a Hundred Times Gains!
Recently, in this market, very few people have made money, and many have incurred losses, especially with the recent fluctuations causing most people to be in a state of loss. The core reason is that it's hard to wait until the coin you bought goes up, but after just 10% to 20% increase, you can't wait to 'cash out.'
Looking at the constantly rising prices later, complaining everywhere that 'I sold too early!' As an old investor, I deeply understand this pain; it’s even worse than losing money! You had the opportunity, but you couldn't make use of it.
Over these years, I have also summarized some insights: