Friends, has anyone else here been scammed by the BYBIT platform? They blocked my funds because they allegedly detected suspicious activity. I sent 150k USDT but then decided to withdraw them, and at that moment, they blocked the funds. They are asking me to send my identity documents and to make a video holding my ID and a piece of paper that says:
"self-discharge':
"I confirm that this withdrawal of [the amount and the coins] was initiated by me on [dd/mm/yy]. I have provided the required documentation. Please reactivate my withdrawal function."
They don't resolve anything; I sent them the information they requested, and their responses continue to be negative.
While researching online, I found that thousands of users are going through the same situation. It is unfair that they can steal your money with such arbitrariness and no one can sanction them. I am writing this post because I believe many people here are going through or have gone through that ordeal.
Be very careful with the BYBIT exchange.
If anyone is going through the same situation, please leave your comment.
Since you are new, welcome to the crypto world 🌏 welcome to the ups and downs, after your first year the losses will no longer be stressful, you will take it more calmly and with precision.
Everyone is out here talking about a *market crash* like it's the end of the world. But do you actually know what’s going on? 🤔
Let’s start differentiating between *Bear Market*, *Correction*, and *Market Crash*. These are NOT the same thing, and it’s super important to understand the difference so you don’t get caught up in all the panic! 🚨💡
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*1. Bear Market 🐻* - *What It Is*: A *bear market* is a prolonged period where the market is in a downward trend, generally declining by *20% or more* from recent highs. It can last months or even years. Think of it like a *big downturn* that hangs around for a while. - *What Happens*: Bear markets typically happen when there is *negative sentiment* in the market, *economic uncertainty*, or *regulatory changes* that impact investor confidence. People start to *panic sell*, and everything falls in a sustained downtrend.
*Example*: The 2018-2019 Bitcoin bear market, where BTC dropped from its all-time high of 20k to around3k.
- *What’s Next*: Bear markets *don’t happen overnight*. They take time to develop, and they often end with *consolidation* and *accumulation* phases, where investors slowly start buying back in.
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*2. Market Correction 🔧* - *What It Is*: A *market correction* is a *short-term decline* of *10-20%* from the recent highs. This is common in *bull markets* and can happen after a *rapid price surge*. It’s like taking a *breather* after a sprint. - *What Happens*: A correction doesn’t mean the market is crashing. It’s simply the market taking a *temporary pause* to *recalibrate* before continuing its upward momentum. *Healthy corrections* help prevent the market from becoming too *overbought*.
*Example*: When Bitcoin went from 65k to55k in 2021, it was a *healthy correction* before continuing upward.
- *What’s Next*: *After a correction*, the market typically *bounces back* and continues its previous trend, whether that’s up or down. It's often a *buying opportunity* for those who are *patient*.
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*3. Market Crash 💥* - *What It Is*: A *market crash* is a *rapid and significant decline* in prices, often more than *20%* in a very short time period (usually *within a few days or weeks*). This is the kind of event that *shakes investor confidence* and creates *panic selling*. - *What Happens*: Crashes are triggered by *external factors* like *economic crises*, *global events*, or *unforeseen market issues*. They are often *irrational* and not based on the fundamentals of the market. *Example*: The *March 2020 crash* where Bitcoin dropped from 10k to around3k in a matter of days, largely due to the *COVID-19 pandemic*.
- *What’s Next*: *Market crashes* often lead to *fear* and *panic selling*, but they *eventually recover*. It’s important to remember that *crashes create opportunities* for long-term investors. *Timing the bottom* is difficult, but if you buy during a crash, you could potentially ride the recovery wave.
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*Key Differences* - *Bear Market*: Long-term decline (20%+), lasts months/years, sustained downtrend. - *Market Correction*: Short-term dip (10%-20%), healthy pause in a bull market, often a buying opportunity. - *Market Crash*: Rapid, severe decline in prices, triggered by external factors, causes panic selling.
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*What Happens Next?* - *Bear Market*: If we’re in a bear market, expect *slow recovery* over time. *Patience* and *long-term holding* are your best strategies. - *Correction*: If we’re in a correction, expect a *bounce back* soon. It’s an opportunity to *buy the dip* if you believe in the market’s long-term growth. - *Crash*: If a crash happens, expect *high volatility*. *Stay calm*, don’t panic sell, and consider it a *buying opportunity* if you’re a long-term investor.
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*Final Thoughts 💭* - A *slight market pullback or correction* does *NOT* mean a *market crash*. 🛑 - *Don’t panic*, *do your research*, and *stay patient*. These fluctuations are normal parts of the market cycle. 📉📈 - Always have a *strategy*, and *don’t fall for the hype*. Markets go up and down, but *smart traders* know how to make the best of any situation! 💡🚀
$WLD The guy who started with 0.2 WLD and ended with 50 WLD in 30 minutes in his wallet with the double or nothing app. Dude, you're amazing, I take my hat off to you. Wallet address for you to observe for yourselves haha 0x30c37950807942E277981F41c415ace5D6945c7E
$WLD For beginners, this is the Bitcoin chart where it keeps repeating patterns and altcoins move around it. I have numbered them 1 and 2. The 2 requires a huge drop, then another rise comes, but this drop that is going to happen, it's better to think twice, take a break, and come back at the end of January. For the first 2 or 3 months, it will rise again, WLD, but right now it is going to fall and then rise again, perhaps to 4 or 6. Then it will fall sharply again. BTC, see, read, study other charts of other coins that started like WLD, very high, and went down. BTC buried them, so take your precautions.
$WLD wins token DNA Worldcoin invitation code 76145 go to the app store section within worldcoin or World App download dna claim the dna token with my invitation code
$WLD Were you looking for this? At the end of this month from the 25th to the 1st it will be the lowest point. My other graphs are the timelines, the time periods 1 hour, 4 hours, 1 day, 3 days and months.
$WLD the green line below is the entry point 1.90 to 2 the red and orange max 2.50 to 2.70 are the limits when the red collides with the inclined green which is a head and shoulders will fall looking for 2 or 1.85 which is a good point to analyze whether to enter or not although it is high season it has already dropped too much in previous months
$WLD For the moment my pattern has not been wrong! Sequence of 4 hours to 1 day you can see how the candles touch the lines it will go up to 2.50 plus 0.05 or less from there it will go back down to 2.10 or 2 then we will see if it breaks any pattern to know if it will go up or down! Sorry for the lines but it is the most precise thing there is
btc $BTC The bullrun? You already observed in 2016, 2020, 2022, each one drops from 20k to 15k, so it must go down to 50k or 55k already low once, yes, but it always goes back down to that value once again.