TRY YOUR LUCK SCAN AND COMMENT DOUBLE YOUR REWARD #November | Looz_crypto on Binance Square

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TRY YOUR LUCK SCAN AND COMMENT DOUBLE YOUR REWARD
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Who are Bears? Bears are a term used in financial markets to describe traders or investors who believe that the prices of certain assets will fall. They act based on the belief in a downward market trend and may sell assets to profit from future price declines. Main characteristics of bears: 🔵Bears are pessimistic and expect the market or a specific asset to decrease in price. 🔵Bears sell stocks, bonds, commodities, or other financial instruments, expecting their value to fall. 🔵Bearish investment strategies focus on profiting from price declines. This may include short selling and other methods to earn from the decreasing value of assets. 🔵A prolonged period of falling market prices is called a bear market. During such periods, the economy may experience difficulties, and investor sentiment remains negative. Examples of bear behavior: 🔵An investor borrows stocks and sells them on the market, expecting the price to drop, so they can buy them back at a lower price and return them to the lender, keeping the difference. 🔵Bears may invest in assets traditionally considered safe during economic downturns, such as gold or government bonds. Impact of bears on the market: 🔵Active selling by bears can lead to falling asset prices and a worsening overall market sentiment. 🔵Bears often use defensive strategies to minimize losses in a falling market, which can affect market liquidity and dynamics. #looz_crypto #BearishPhase

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Who are Bulls? Bulls are a term used in financial markets to describe traders or investors who believe that the prices of certain assets will rise. They act based on the belief in an upward market trend and buy assets to profit from future price increases. Main characteristics of bulls: 🔵Bulls are usually optimistic and expect that the market or a specific asset will rise in price. 🔵Bulls buy stocks, bonds, commodities, or other financial instruments, expecting their value to increase. 🔵Bullish investment strategies focus on long-term growth and capital appreciation. They may include buying the dip and holding assets for an extended period. 🔵A prolonged period of rising market prices is called a bull market. During such times, the economy often thrives, and investor sentiment remains positive. Impact of bulls on the market: 🔵Active buying by bulls can lead to rising asset prices and improved overall market sentiment. 🔵In periods of excessive optimism, bulls can contribute to the formation of financial bubbles, where asset prices significantly exceed their intrinsic value. #Write2Earn! @Looz_crypto

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DYOR Today’s post covers arguably the most important crypto term in the industry: “DYOR,” which stands for “do your own research.” This acronym is a call to anyone who’s considering investing in a particular crypto project to take the time to conduct a thorough assessment of the project. The term “DYOR” gained popularity during the initial coin offering (ICO) craze from 2016 to 2018, which became a breeding ground for scammers, leading to many investors losing money. When you “do your own research,” you’re effectively protecting yourself from potential scams because as you dig deeper into the fundamentals of a project, you’ll uncover all the necessary signs to either invest or avoid the project altogether. The crypto industry is adept at offering tantalizing projects in which to invest; however, if you make DYOR your No. 1 priority, you’re bound to protect yourself from scams, and you might find those hidden gems. #looz_crypto #DogeArmyComeBack

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💰 The Power of Candlestick Charts in Crypto Trading 🟢 In the dynamic world of trading, understanding market trends and patterns is key to making informed investment decisions. Candlestick charts are an essential tool that provides a visual representation of price movements over a specific period, offering deep insights into market dynamics. 🟢 Each candlestick represents a distinct time frame, showing the opening, closing, high, and low prices. By analyzing these charts, traders can identify crucial support and resistance levels, predict potential price reversals or continuations, and refine their trading strategies. ✅ The power of candlestick charts lies in their ability to help traders: - Identify market trends and patterns - Recognize potential price reversals or continuations - Determine support and resistance levels - Optimize trading strategies 🟢 Whether you're a seasoned trader or just starting out, mastering candlestick charts can illuminate your trading journey, helping you make more informed and strategic investment decisions. #looz_crypto

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💰 Simplifying Crypto Taxes A Quick Guide Calculating crypto taxes can be straightforward with these steps: 1️⃣. Identify Taxable Events: Taxable events include selling crypto for fiat, trading one crypto for another, purchasing goods or services with crypto, and receiving crypto as income. Simply holding crypto isn't taxable. 2️⃣. Determine Fair Market Value: Record the value of the crypto in your local currency at the time of each transaction. 3️⃣. Calculate Gains or Losses: - Capital Gains: Subtract the purchase price from the selling price if you sold for more than you paid. - Capital Losses: Subtract the selling price from the purchase price if you sold for less. 4️⃣. Consider Holding Period: - Short-Term: Held for one year or less, taxed at regular income rates. - Long-Term: Held for more than one year, taxed at lower rates. 5️⃣. Report Income: Report the value of crypto received as payment at the time of receipt. 6️⃣. Use Tools or Professionals: Tax software and professionals can simplify the process. 7️⃣. Keep Records: Maintain detailed records of all transactions. By following these steps & following regulations, you can accurately calculate your crypto taxes. #looz_crypto #DogeArmyComeBack #BIOProtocol

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