Trading Tip of The Day  👇

A Good Trader Knows When To Trade And When Not To Trade ; It's More About Being Smart, Not Just Knowing How

Educational Post

What is crypto faucets?

The earliest crypto faucet may be a bitcoin faucet created in 2010 by the then-lead developer of the Bitcoin network named Gavin Andresen. It gave 5 BTC for free to each user who completed a simple captcha. This bitcoin faucet eventually gave out 19,715 BTC in total, helping to distribute early BTC ownership widely. It was instrumental in educating the initial network of bitcoin users, leading to the cryptocurrency’s healthy growth later on. 

Naturally, no crypto faucets would deliver such massive payouts today as bitcoin and other cryptocurrencies’ prices have increased significantly. But emerging crypto projects still need to attract new users, and there are many people out there who want to learn about crypto. Crypto faucets play a role in connecting the supply and demand.

How do crypto faucets work? 

Crypto faucets are generally made to be simple and user-friendly. Users usually need to register an account with the digital asset service first. There are also dedicated crypto faucet sites and apps that specialize in offering free crypto to users who complete simple tasks. In both cases, users should have their crypto wallets to receive the rewards and may sometimes be asked to verify their identity.

Users are offered to complete tasks that can include watching videos, reading articles, watching ads, playing games, and taking quizzes or surveys. The service can also ask users to refer friends to it. These tasks are relatively straightforward, and most people would have no problem completing them. But, in some cases, the tasks can be rather time-consuming.#BTC #BinanceWish

Educational Post:

What Are Decentralized Applications (DApps)?

Decentralized applications (DApps) are smart contract-powered digital applications or programs that run on blockchains rather than centralized servers. They look and feel similar to regular mobile apps on your smartphone and offer a wide variety of services and functions from gaming to finance, social media, and much more. As the name suggests, DApps run on decentralized peer-to-peer networks.
A smart contract works as a set of predefined rules enforced by computer code. When and if certain conditions are met, all network nodes will execute the tasks that the contract specifies.
Once a smart contract is deployed on the blockchain, it is hard to change the code or destroy it. Therefore, even if the team behind the DApp has disbanded, users can still access the DApp.
While the interfaces of DApps and traditional applications can look similar, DApps offer multiple benefits compared to their centralized counterparts. Web apps store data on centralized servers. A single compromised server may take down the entire network of the app, making it temporarily or permanently unusable. Centralized systems may also suffer from data leakages or theft, putting the companies and individual users at risk.
DApps, in contrast, are built on distributed networks with no central authority. With no single point of failure, DApps are less vulnerable to attacks, making it very difficult for malicious actors to hijack the network. The P2P network can also ensure the DApp continues to work with minimal downtime, even if individual computers or parts of the network malfunction.
The decentralized nature of DApps also means that users can have more control over the information they share. With no companies controlling users’ personal data, they don’t need to provide real-world identity to interact with a DApp. Instead, they can use a crypto wallet to connect to DApps and fully control what information they share.

📈How not to get caught by scammers?
⠀
1️⃣ Personal messages
When you fill out forms to get into Whitelist, or even just following the project, you join official Telegram and Discord groups (other social networks are also possible) and then suddenly you get a personal message that "you won" or "you were selected" or shortly before the token is put on the market, you may receive a message with a token contract.
100% it will be scammers. They monitor users who joined groups and start sending personal messages.

🟢Never follow links from private messages, don't reply to them and delete/block the chat immediately so as not to lose your funds.

🟢You can minimize the appearance of such messages through the security settings in the app:
●In Telegram, we recommend banning them from adding you to groups.

●Discord has a feature to prohibit private messages.
Don't be afraid to close and delete private messages from unknown contacts, because administrators of the projects you follow will never write to you first.

2️⃣ Email
Sometimes you may get a message about a prize or some other information from the project to your email.
The first thing you should do is to check the sender of the message. In 99% of cases they will say through their official media that they send out a mail to the users and they will say which e-mail it should come from.
Also we want to warn you against downloading any files from e-mails of unknown senders, even text ones, as it can cause installation of malware.

3️⃣ Fishing
Phishing sites are quite common.
These are copies of project sites, games or entire exchanges, by connecting to them or by signing a contract you can lose your funds. Don't be a "fish".
✅You may be wondering, how do you know the official channel of a project?

⚫️First, when publishing information on the channel, we always attach links to the site/channel or other official source.

⚫️Second, you may also find the links you need on aggregator sites like CoinMarketCap or CoinGecko (if the project is already launched, the token contract address is also available there).#BTC

How To Do Your Own Analysis?
⠀
Friends, we have a lot of newbies who are just starting out in cryptocurrency. So I decided to make a post about how to do your own analysis of projects. In other words - DYOR (Do Your Own Research).

One post will not reveal in details all the aspects we need to take into account when analyzing. I plan to do a second post like this, but it will depend on what assets you show under this post. It's up to you.
Below we break down the main metrics for DYOR.

✅Project website
On the website, you will always be greeted with a brief squeeze of the project. Be sure to read the white paper to learn all the basic details:
• What is the project?
• What are its benefits?
• What opportunities does the project offer?
• The project roadmap.
When analyzing the roadmap, pay attention to whether the project is on track. If it is lagging behind, it indicates some difficulty in implementation.

✅Funds
Funds are analyzed to see who is acting as the guarantor of the project's success?

🟢It is important:
• Which foundations have already supported the project?
• What successful cases do these foundations have?
• Will the funds be interested in further development of the project and its token?
Having good funds "on board" increases the likelihood that the launch will be successful and the project will have a better chance of getting support from new investors in the future.
A resource for fund analysts and where they invest is Chain Broker

✅Community and Social Media
You need to gauge the excitement around the project and audience engagement/

🟢Important:
• How active the project's social networks are: Telegram, Twitter, Discord, Medium, GitHub, and so on.
• How involved is the team in maintaining social networks?
• Ambassador Program. Is it active or does it only have a name?
When analyzing social networks, you need to assess not the number of subscribers, likes and reposts, but how active the audience is among themselves. You can write any question in the discord chat and see how quickly you get an answer.

🟢Finding a valid block header (block hash)

👉A block header acts as an identifier for each individual block, meaning each block has a unique hash. When creating a new block, miners combine the hash of the previous block with the root hash of their candidate block to generate a new block hash. They must also add an arbitrary number known as a nonce.

🟢As such, when trying to validate their candidate block, a miner needs to combine the root hash, the previous block’s hash, and a nonce and put them all through a hash function. Their goal is to do this repeatedly until they can create a valid hash.

🟢The root hash and the hash of the previous block cannot be changed, so miners must change the nonce value several times until a valid hash is found. In order to be considered valid, the output (block hash) must be less than a certain target value determined by the protocol. In Bitcoin mining, the block hash must start with a certain number of zeros — this is called the mining difficulty.

🟢Step 1: Hashing transactions

👉The first step of mining a block is to take pending transactions from the memory pool and submit them, one by one, through a hash function. Each time a piece of data is run through a hash function, an output of fixed size called a hash is generated.

👉In the context of mining, the hash of each transaction consists of a string of numbers and letters that acts as an identifier. The transaction hash represents all the information contained in that transaction.

🟢In addition to hashing and listing each transaction individually, the miner also adds a custom transaction, in which they send themselves the block reward. This transaction is called the coinbase transaction and is what creates brand new coins. In most cases, this transaction is the first to be recorded in a new block, followed by all the pending transactions awaiting validation.

🟢Step 2: Creating a Merkle tree

👉After each transaction is hashed, the hashes are organized into what is called a Merkle tree (also known as a hash tree). A Merkle tree is generated by organizing transaction hashes into pairs, then hashing them.

🟢The new hash outputs are then organized into pairs and hashed again, and the process is repeated until a single hash is created. This last hash is also called the root hash (or Merkle root) and is basically the hash that represents all the previous hashes used to generate it.

🟢Next topic

🔵Finding a valid block header (block hash)

🟢How Does Crypto Mining Work?

👉As new blockchain transactions are made, they are sent to a pool called a memory pool. A miner's job is to verify the validity of these pending transactions and organize them into blocks.

🔵You can think of a block as a page of the blockchain ledger, in which several transactions are recorded (along with other data). More specifically, a mining node is responsible for collecting unconfirmed transactions from the memory pool and assembling them into a candidate block.

🔵The miner then attempts to convert this candidate block into a valid, confirmed block. To do this, the miner must solve a complex mathematical problem that requires a lot of computing resources. However, for each successfully mined block, the miner receives a block reward consisting of newly created cryptocurrencies plus transaction fees.

🟢The Risks of Crypto Copy Trading

👉As with any kind of trading, crypto copy trading comes with inherent risks and may lead to significant losses. It's essential to evaluate your financial status and risk tolerance before engaging with these features. The responsibility lies solely with you to assess whether the traders you follow possess the necessary experience, skills, and strategies that align with your risk appetite and objectives. Only invest funds that you can afford to lose.#BTC #BinanceTournament

Benefits of Copy Trading When Trading Cryptocurrency

2. Enhanced risk management

👉Given the inherent volatility of cryptocurrencies, effective risk management is critical for investors. Copy trading, with its focus on replicating the strategies of experienced traders, aids in the dissemination of risk-aware trading practices, thereby assisting followers in making informed decisions and minimizing potential losses.

3. Exposure to diverse trading strategies

👉Cryptocurrency markets are characterized by their diverse and multifaceted nature. Copy trading platforms can provide investors with access to an array of trading strategies and approaches employed by successful cryptocurrency traders. This exposure allows followers to diversify their investment portfolios and gain insights into market trends and dynamics.

4. Automation and efficiency

👉The integration of copy trading with cryptocurrency trading leverages automation to streamline the process of replicating trades. This automation not only enhances the efficiency of trade execution but also enables investors to capitalize on market opportunities swiftly, in alignment with the strategies of expert traders.#BTC $BTC

Benefits of Copy Trading When Trading Cryptocurrency

👉In the context of cryptocurrency markets, copy trading has emerged as a transformative tool that not only mitigates the complexities associated with digital asset investments but also fosters an environment of shared knowledge and expertise. The integration of copy trading with cryptocurrency trading has led to several notable developments:

1. Reduced entry barriers

Copy trading acts as an enabler, allowing individuals with limited knowledge of the cryptocurrency landscape to participate actively and benefit from the insights of seasoned cryptocurrency traders.

📊 Bitcoin's return over a decade, against top non-cryptocurrency assets

🔵 $2,000 for 1 ETH.
$9 trillion asset manager BlackRock registers Ethereum Trust in Delaware.
👉🏻 This means Ethereum SPOT ETF IS COMING!!!🚀 $ETH

Firstly I want to ask, do you always question yourself when you see trades on social media with crazy sniper entries and you are like, how the f**k did this person enter this market so accurate??? The simple answer to thee question is "he is a Order block SMC trader".

Because smart money allows you to enter the market almost immediately the same way banks are ready to move and then you feel like a god coz you got the direction accurately and market is moving as exactly you predicted it.
Yes Order Block trading refers to the use of institutional trading strategies which are aligned with the perspectives of Smart Money i.e the SMC Trading Strategy.

In this e-book I explain the following in details:

⚫️WHAT IS SMART MONEY CONCEPT (SMC)

⚫️ HOW TO TRADE SMART MONEY CONCEPT USING ORDER BLOCK

BULLISH AND BEARISH ORDER BLOCKS

• HOW TO TRADE PROFITABLY WITH ORDER BLOCKS.

• LIQUIDITY GRAB AND ORDER BLOCK ENTRY $SOL $BTC $XRP

This is a list of all the asset managers that have applied for a spot 💰 Bitcoin  ETF:
- BlackRock ($10T AUM)
- Fidelity ($4.5T)
- Invesco Galaxy ($1.5T)
- Franklin Templeton ($1.5T)
- WisdomTree ($87B)
- VanEck ($61B)
- GlobalX ($40B)
- ARK Invest ($14B)
- Valkyrie ($1B)
- Bitwise ($1B)
In total, these managers have $17.7T of the Assets Under Management.(AUM)

Crypto Speak: Whale watching

“Whale watching” is to monitor large transactions made by whales (large cryptocurrency holders).
Whale watching happens for two reasons:

1. Their actions can have an impact on the market—e.g., if whales start selling a coin en masse, its price will most likely start to fall in the near future.

2. Their actions are an investment idea in themselves, with some investors repeating the actions of whales.
But keep in mind that blindly “following” whales is a bad idea because you never know what their true motives are. #WhaleAlert $SOL $BTC

A market maker, someone who owns the market?

⚡️Who they are and what they do

✍️A market maker is that market participant who, for a certain fee, can "draw" almost any chart of your token, if you are willing to give enough money to pay off and pump the coin.

🔵That is, the market maker decides the fate of the token by pressurizing the number of coins.

🔵That's why most often the team, funds and close people of the project have a huge amount of tokens on the listing. More than 50%.

🪙To successfully influence the price of a token, even 30% of the coins of the entire network is enough. Owning 50% will be difficult, because the coins may be in steaking or in hold.
🔩The work of a market maker
There is one main rule: squeeze out the maximum profit in specific conditions.

📈Each project has its own audience and its own limits to which it is profitable to pump token. The bigger the community, the more you can pump the coin, because more people will buy it.
🔵It turns out, market makers can pump and dump tokens. However, usually only tier 3 and tier 5 projects. Top projects work differently.

🔼Tier 1 projects

👀Market manipulators are getting into the game. We don't know the companies or people who work with them directly. We are left to hypothesize.

🔵They work on the same principles as market makers, but affect all cryptocurrencies: Bitcoin, Ethereum, Link.

💰Considering that Bitcoin at its peak was 1%-1.5% of the global economy. Most likely some manipulators are working with very significant people.

💡Market makers and manipulators are the link in the market that makes it grow. It's important to understand their logic to really make money in the market.

Can my crypto accounts be frozen?
One of the biggest advantages that blockchain technology offers is that, under no circumstance, no one can ever “freeze” your digital assets if you store them properly.
There’s no such thing as a person or entity that can press a big red “Freeze” button to block your account—let alone the existence of such a button.
This is one of the many game-changing features of decentralized finance: Users have 100% control of their assets and can even do so anonymously, while their money remains secured on the blockchain.
Banks and governments are practically incapable of influencing blockchains—even if they tried.
However, you need to know where governments can apply pressure. If you’re using Binance’s hot wallets for long-term crypto storage, this would be considered a bad idea in the crypto community. #BinanceTournament #WhaleAlert $SOL

Don’t get trapped! Market is a dangerous place for novice traders.
I have described the fundamental concepts of Price Action in the Part I, the basic knowledge which any trader needs. In Part II, I have illustrate seven TRAP setups you can find on any chart, along with examples and studies for you to better understand the TRAP concept. The only consistent setup you will find on every day, every market and every time frame.

•Common Trap
•The “Stop-Loss” Trap
•“The Giant” Trap
•“Failed Breakout” Trap
•“Back to Back” Trap (Double-Trap)
•News Trap
•Morning Specials

Trap setups come with minimal risk and maximum potential reward. It’s very simple to understand and exploit. This EBook is written in simplest English, that everybody can understand the complexity of market within 1 week.