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Major Reveal on Crypto Withdrawals! Have you grasped these safe withdrawal tips?
Recently, my friends around me have made a lot of money, asking me how to withdraw it safely! Don't worry, today I have compiled a few practical withdrawal tips to share, allowing you to safely and smoothly get your money.
Assuming you currently have 2 million USDT on your account and plan to withdraw, how should you proceed?
1. Withdraw coins from the BiyaPay wallet.
Firstly, BiyaPay has a legal license in the United States, ensuring a high level of security. Next, transfer your USDT to the BiyaPay wallet, where you can convert the currency into US dollars or other fiat currencies, and then withdraw to a bank account like Wise or OCBC.
Assuming you currently have 2 million USDT on your account and plan to withdraw, how should you proceed?
1. Withdraw coins from the BiyaPay wallet.
Firstly, BiyaPay has a legal license in the United States, ensuring a high level of security. Next, transfer your USDT to the BiyaPay wallet, where you can convert the currency into US dollars or other fiat currencies, and then withdraw to a bank account like Wise or OCBC.
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Avoid Pitfalls in Contract Trading: A Beginner's Guide You Must Read!
Want to engage in contract trading? Then you need to clarify the rules first; otherwise, you'll be blindly betting like a gambler in a casino. Understanding the basics of contracts is not just for survival but also to avoid the risk of 'liquidation'.
Today, let's talk about the essential concepts in contract trading that you must understand to avoid pitfalls and keep your life stable.
🧐 Fees, your invisible killer.
First, you need to understand the costs of contract trading! Many people think fees are just a small number, but failing to understand the fee rate rules can lead to significant losses.
For example, if you place a market order, the opening and closing fees are 0.05%. It may not seem like much, but once you leverage, this cost skyrockets.
Today, let's talk about the essential concepts in contract trading that you must understand to avoid pitfalls and keep your life stable.
🧐 Fees, your invisible killer.
First, you need to understand the costs of contract trading! Many people think fees are just a small number, but failing to understand the fee rate rules can lead to significant losses.
For example, if you place a market order, the opening and closing fees are 0.05%. It may not seem like much, but once you leverage, this cost skyrockets.
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The bull market surges; if you don't earn, it's a missed opportunity! These few tricks can guarantee you a profit of over 50%!
🐻 The bear market is a golden opportunity!
Don't be fooled by the current heat of the bull market; in fact, most opportunities to make money are hidden in the bear market. Why?
Remember, position during the bear market, harvest in the bull market!
Although the bear market can be nerve-wracking, it is actually a great time for you to show your skills. Patience is key!
How to judge the bottom of a bear market? It's simple! When the crypto space is lifeless, and no one cares about Bitcoin anymore, or most people have given up, that's when you should take action.
Although you can't buy at the very bottom, buying at low points can double your returns in a bull market! This process might last a year or even longer, be prepared to be patient, as the bear market is an excellent time for you to accumulate wealth!
Don't be fooled by the current heat of the bull market; in fact, most opportunities to make money are hidden in the bear market. Why?
Remember, position during the bear market, harvest in the bull market!
Although the bear market can be nerve-wracking, it is actually a great time for you to show your skills. Patience is key!
How to judge the bottom of a bear market? It's simple! When the crypto space is lifeless, and no one cares about Bitcoin anymore, or most people have given up, that's when you should take action.
Although you can't buy at the very bottom, buying at low points can double your returns in a bull market! This process might last a year or even longer, be prepared to be patient, as the bear market is an excellent time for you to accumulate wealth!
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Is the crash in a bull market actually a "washing" strategy? Here are some insider insights you need to know!
Although the bull market looks prosperous, have you noticed that there are waves of crashes from time to time? Don't rush; this is not a market collapse, but "washing" is quietly taking place!
🌪️ Why are there frequent crashes in a bull market?
Many friends may ask: "Shouldn't a bull market be all about rising prices? Why are there still frequent crashes?" In fact, these crashes are not market collapses, but rather the market is "cleansing" retail investors!
In a bull market, many retail investors follow the trend to buy in, holding their coins with a particularly strong mentality and high trading stickiness. If a portion of them is not washed out through crashes, the main players will have to spend a lot of capital costs to raise the coin price because retail investors will quickly sell once they make some money, creating immense pressure in the market.
🌪️ Why are there frequent crashes in a bull market?
Many friends may ask: "Shouldn't a bull market be all about rising prices? Why are there still frequent crashes?" In fact, these crashes are not market collapses, but rather the market is "cleansing" retail investors!
In a bull market, many retail investors follow the trend to buy in, holding their coins with a particularly strong mentality and high trading stickiness. If a portion of them is not washed out through crashes, the main players will have to spend a lot of capital costs to raise the coin price because retail investors will quickly sell once they make some money, creating immense pressure in the market.
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Caught trading cryptocurrencies? These scenarios can make you instantly innocent!
Recently, the cryptocurrency market has been a bit chaotic. Friends trading cryptocurrencies may encounter frozen bank cards, police visits, or even receive detention notices for 'fraud' or 'concealment crimes'. Don't panic; today, I will discuss several scenarios that could lead to your exoneration!
First scenario: You are trading with a U merchant, and there are no abnormalities.
If the party you are trading with is a legitimate U merchant, and there are no suspicious aspects in the transaction process, providing complete transaction records and chat logs to prove that you had no knowledge of the other party's money being illicit, then legally speaking, you are innocent!
First scenario: You are trading with a U merchant, and there are no abnormalities.
If the party you are trading with is a legitimate U merchant, and there are no suspicious aspects in the transaction process, providing complete transaction records and chat logs to prove that you had no knowledge of the other party's money being illicit, then legally speaking, you are innocent!
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Can low leverage really stabilize you? Be careful of the traps!
When it comes to 'low leverage', do you all think it is a low-risk and stable option? But do you really think it's that 'stable'?
In fact, it only looks not very dangerous; the actual risks might not be noticed by you.
The dealer's 'black hand' is never absent.
Imagine the market suddenly experiences a 50% crash, or drops slowly down to 70%. By the time you are patient and waiting for the market to stabilize, you might have already been thrown out by the market. Or just when you are about to enter the market, a sudden fierce move sweeps you out.
In fact, it only looks not very dangerous; the actual risks might not be noticed by you.
The dealer's 'black hand' is never absent.
Imagine the market suddenly experiences a 50% crash, or drops slowly down to 70%. By the time you are patient and waiting for the market to stabilize, you might have already been thrown out by the market. Or just when you are about to enter the market, a sudden fierce move sweeps you out.
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Making money in a bull market isn't just about 'buying'; don't let 'waiting for a rise' drag down your life.
With life secured, you dare to gamble in the crypto casino!
If the unrealized profits you have now can change your life, please take my advice: sell it!
This sounds like a cliché advice, but it is a lesson learned by countless trading bigwigs through painful experiences.
You always procrastinate, always hesitate to 'wait for one more wave', and every time you miss the best selling opportunity, you end up regretting it immensely.
Nominal wealth may fluctuate with market changes, but some principles never change: when the profits in your hands are enough to change your life, sell decisively and give yourself and your family a better future.
If the unrealized profits you have now can change your life, please take my advice: sell it!
This sounds like a cliché advice, but it is a lesson learned by countless trading bigwigs through painful experiences.
You always procrastinate, always hesitate to 'wait for one more wave', and every time you miss the best selling opportunity, you end up regretting it immensely.
Nominal wealth may fluctuate with market changes, but some principles never change: when the profits in your hands are enough to change your life, sell decisively and give yourself and your family a better future.
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Bitcoin Breaks New High: How to Use Cycle Tools to Predict Market Tops and Bottoms
Today, Bitcoin (BTC) has once again set a new historical high, breaking through $107,793. This breakthrough has not only attracted the attention of global investors but also filled the market with expectations for the future of cryptocurrency. Behind this historic price breakthrough lies a complex and subtle cyclical change in the crypto market, and the right tools to predict these cycles have become key for investors to succeed in a volatile market.
In the crazed bull market of cryptocurrencies, knowing when to enter and exit is key to profit. Cycle tools and retracement indicators act like a 'navigation system' for the market, helping us maintain direction amid severe fluctuations. These tools can provide investors with unique perspectives, revealing cyclical trends in Bitcoin and other crypto assets, and capturing market turning points in advance.
In the crazed bull market of cryptocurrencies, knowing when to enter and exit is key to profit. Cycle tools and retracement indicators act like a 'navigation system' for the market, helping us maintain direction amid severe fluctuations. These tools can provide investors with unique perspectives, revealing cyclical trends in Bitcoin and other crypto assets, and capturing market turning points in advance.
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The Pudgy Penguins token is here! Come claim your PENGU, you’ll lose it if you miss the 88-day window!
Hey, fans of Pudgy Penguins, the opportunity has arrived!
The PENGU token will soon be available for claiming! If you are a holder of Pudgy Penguins, Lil Pudgys, Rogs, or SBTs, don’t miss out on this great opportunity! If you miss it, not only will you not get the tokens, but you won’t even have time to regret it!
📅 Claiming time:
December 18th at 21:00 (Beijing time), starting on time!
💥 88 days to claim, if you miss it you will never have another chance!
That’s right, unclaimed tokens will be permanently destroyed, so hurry up!
This is a large-scale token distribution, if you miss it, it will really be gone!
The PENGU token will soon be available for claiming! If you are a holder of Pudgy Penguins, Lil Pudgys, Rogs, or SBTs, don’t miss out on this great opportunity! If you miss it, not only will you not get the tokens, but you won’t even have time to regret it!
📅 Claiming time:
December 18th at 21:00 (Beijing time), starting on time!
💥 88 days to claim, if you miss it you will never have another chance!
That’s right, unclaimed tokens will be permanently destroyed, so hurry up!
This is a large-scale token distribution, if you miss it, it will really be gone!
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Vana mainnet is live! Staking feature is synchronized and unlocked, see if you are the airdrop lucky fish?
Hey, friends who love fresh things, the decentralized AI data liquidity network Vana has officially launched its mainnet, and it has brought a brand new staking feature!
What's more interesting is that those who participated in the testnet have the chance to become officially certified 'lucky geese'—the airdrop eligibility check has already started, go check if your wallet has gotten heavier!
This reward isn't for everyone, the eligible include the following types of divine players:
DataDAO pre-mining participants: those who participated in the Aurora Cohort event as Data Heroes, or the early pioneers who directly participated in pre-mining.
What's more interesting is that those who participated in the testnet have the chance to become officially certified 'lucky geese'—the airdrop eligibility check has already started, go check if your wallet has gotten heavier!
This reward isn't for everyone, the eligible include the following types of divine players:
DataDAO pre-mining participants: those who participated in the Aurora Cohort event as Data Heroes, or the early pioneers who directly participated in pre-mining.
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This week’s token unlocking: ARB, APE, etc. release more than 100 million US dollars in total!
Attention, fellow coin friends! This week, several popular tokens in the coin circle are about to usher in a "big blood release" moment, with a total release value of more than 100 million US dollars! Come and see which coins are about to be unlocked and get ready for a wave of enthusiasm!
🌀 Arbitration (ARB)
Unlock time: December 16, 9:00 PM
Unlocked quantity: 92.65 million
Approximate value: $94.41 million
Circulation: 2.26%
Hot spot unlocking! ARB will release nearly 100 million tokens this week, with a value of nearly 10 million US dollars. This wave of unlocking may cause the market to soar, and friends who hold coins should be prepared to welcome a wave of capital flow!
🌀 Arbitration (ARB)
Unlock time: December 16, 9:00 PM
Unlocked quantity: 92.65 million
Approximate value: $94.41 million
Circulation: 2.26%
Hot spot unlocking! ARB will release nearly 100 million tokens this week, with a value of nearly 10 million US dollars. This wave of unlocking may cause the market to soar, and friends who hold coins should be prepared to welcome a wave of capital flow!
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Don't let transaction fees eat your profits; you can be a predator in the crypto world!
Do you sometimes feel like you've made some money, but a large chunk is 'sucked away' by transaction fees? Don't worry, here I'll explain why transaction fees are high and how to save money! Let’s talk in simple terms:
Why are transaction fees so high?
Because your position size is large.
Transaction fees don't just look at your principal, they focus on your position market value. Just like a buffet, they don't care how much money you brought, only how many plates you eat. When the position size is large, the transaction fees naturally 'rise with the tide.'
Because you are 'taking orders.'
Why are transaction fees so high?
Because your position size is large.
Transaction fees don't just look at your principal, they focus on your position market value. Just like a buffet, they don't care how much money you brought, only how many plates you eat. When the position size is large, the transaction fees naturally 'rise with the tide.'
Because you are 'taking orders.'
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Making the Cover of Time! A Review of 'Trump Concept Coins', Will There Be an Increase Before January's Inauguration?
On the evening of December 12, Beijing time, Time Magazine announced that U.S. President-elect Trump has been named Person of the Year. Following this news, the prices of related cryptocurrencies surged. Are those in the crypto circle already getting restless? 🤔
Later, when asked about the 'cryptocurrency asset strategic reserve' at the New York Stock Exchange, Trump stated that 'great things will happen in the cryptocurrency space.'
This is the first time in the industry to have such heavyweight support. Does anyone feel ignited? 🔥
🤑 Which Trump concept coins are worth paying attention to?
Later, when asked about the 'cryptocurrency asset strategic reserve' at the New York Stock Exchange, Trump stated that 'great things will happen in the cryptocurrency space.'
This is the first time in the industry to have such heavyweight support. Does anyone feel ignited? 🔥
🤑 Which Trump concept coins are worth paying attention to?
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Advance positioning! These altcoins enjoy Trump's cancellation of crypto tax, BTC and ETH miss out!
Do you remember the big news that Trump's team released on Twitter, planning to eliminate the capital gains tax on cryptocurrencies issued by American companies? Now, there is only one month left until Trump officially takes office!
What does this mean? Simply put, the cryptocurrency gains earned by investors can be tax-free! This is the 'ultimate benefit' that friends in the crypto circle have been dreaming of! 💰✨
Why is this news so popular?
First of all, the original intention of cryptocurrency is to become a peer-to-peer online payment tool, but in reality, achieving this is still quite difficult. Every time you pay with cryptocurrency, you have to record the transaction and declare taxes, which is really troublesome.
What does this mean? Simply put, the cryptocurrency gains earned by investors can be tax-free! This is the 'ultimate benefit' that friends in the crypto circle have been dreaming of! 💰✨
Why is this news so popular?
First of all, the original intention of cryptocurrency is to become a peer-to-peer online payment tool, but in reality, achieving this is still quite difficult. Every time you pay with cryptocurrency, you have to record the transaction and declare taxes, which is really troublesome.
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Trump’s “money printing machine” is frantically buying coins: Will the era of Ethereum and small coins’ counterattack be coming?
In the volatile cryptocurrency market, every move of a whale is like a prelude to a tsunami, which is extremely shocking.
At present, WLFI, a cryptocurrency project under the name of the incoming US President Trump, plays such a key role. Recently, WLFI is like a "money printing machine" running at full power, frantically sweeping up various cryptocurrencies, including Ethereum, LINK, AAVE, etc., with huge transaction amounts and high frequency, instantly becoming the focus of the currency circle.
Trump's support for cryptocurrency, which he expressed a long time ago, has now turned into real money investment, shocking the market.
At present, WLFI, a cryptocurrency project under the name of the incoming US President Trump, plays such a key role. Recently, WLFI is like a "money printing machine" running at full power, frantically sweeping up various cryptocurrencies, including Ethereum, LINK, AAVE, etc., with huge transaction amounts and high frequency, instantly becoming the focus of the currency circle.
Trump's support for cryptocurrency, which he expressed a long time ago, has now turned into real money investment, shocking the market.
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If you plan to trade cryptocurrencies long-term and make money, the following eight principles may help you.
Remember, trading cryptocurrencies is not about getting rich overnight, but about taking one step at a time:
1. Never invest money you can't afford to lose.
For example, putting all your living expenses for three years into cryptocurrencies could be a huge pitfall. If you can't make money, you might still sleep well, but if you lose, you might even worry about the numbers in your wallet while dreaming.
2. When the market moves, stay calm and don't let temporary craziness cloud your judgment.
When the market is booming, not everyone can become a harvesting machine. Remember: 'What rises too quickly will fall just as fast.' Don't be impulsive, stay calm, and have confidence in your holdings.
1. Never invest money you can't afford to lose.
For example, putting all your living expenses for three years into cryptocurrencies could be a huge pitfall. If you can't make money, you might still sleep well, but if you lose, you might even worry about the numbers in your wallet while dreaming.
2. When the market moves, stay calm and don't let temporary craziness cloud your judgment.
When the market is booming, not everyone can become a harvesting machine. Remember: 'What rises too quickly will fall just as fast.' Don't be impulsive, stay calm, and have confidence in your holdings.
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Perpetual Contracts—The Main Battlefield of 'Infighting' in the Cryptocurrency Circle, Is It Heaven or Hell?
In the cryptocurrency circle, discussions about perpetual contracts have never stopped.
Some say it is a 'hotbed of liquidation', and playing with contracts is a path to 'death'; while another camp believes that perpetual contracts are a shortcut to rapidly accumulating wealth, seizing opportunities to soar.
So, every day we see spot traders and contract traders arguing with each other, with spot traders mocking contract traders as 'Du dogs', while contract traders curse spot traders for 'only knowing how to shout orders and cut leeks'.
So, what exactly are perpetual contracts? Are they an 'investment paradise' or 'hell'? Let's analyze it together!👇
Some say it is a 'hotbed of liquidation', and playing with contracts is a path to 'death'; while another camp believes that perpetual contracts are a shortcut to rapidly accumulating wealth, seizing opportunities to soar.
So, every day we see spot traders and contract traders arguing with each other, with spot traders mocking contract traders as 'Du dogs', while contract traders curse spot traders for 'only knowing how to shout orders and cut leeks'.
So, what exactly are perpetual contracts? Are they an 'investment paradise' or 'hell'? Let's analyze it together!👇
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The year-end market is coming! Opportunities to buy at the bottom will frequently appear in the next 3 months, don't miss out!
During the period around Christmas, there is always a mysterious market phenomenon known as the 'Santa Rally'.
Based on past experience, the market usually enters a slight adjustment period of 2-3 weeks, during which many investors take the opportunity to lock in profits and adjust their positions. But don't rush to leave, as this could also be a great opportunity for you to buy at the bottom!
Usually, around the time of the Spring Festival, the market has a chance to rebound, especially for some altcoins and popular projects, which are expected to experience strong upward momentum and even consecutive rises.
However, I want to remind everyone that this wave of the market may not last too long. By the end of March, you should start preparing to retreat. Based on experience, the market often enters an adjustment period around April to May, and sometimes this adjustment lasts until summer. Therefore, the next 3-4 months are a golden period for investment.
Based on past experience, the market usually enters a slight adjustment period of 2-3 weeks, during which many investors take the opportunity to lock in profits and adjust their positions. But don't rush to leave, as this could also be a great opportunity for you to buy at the bottom!
Usually, around the time of the Spring Festival, the market has a chance to rebound, especially for some altcoins and popular projects, which are expected to experience strong upward momentum and even consecutive rises.
However, I want to remind everyone that this wave of the market may not last too long. By the end of March, you should start preparing to retreat. Based on experience, the market often enters an adjustment period around April to May, and sometimes this adjustment lasts until summer. Therefore, the next 3-4 months are a golden period for investment.
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DOGE 'overbought' pullback welcomes rise, targeting $0.50!
Those who bought Dogecoin in advance should be very happy; recently, after a significant surge, Dogecoin has entered a phase of consolidation.
Since breaking 208% in early November, DOGE's price has been fluctuating between $0.35 and $0.48. Although there has been a short-term price pullback, dropping below the upward trend line, which has made some investors a bit worried, this is a normal adjustment period for the market, and the upcoming trend may be more optimistic.
Next stop-loss point: $0.50, Dogecoin could 'explode' at any moment!
According to cryptocurrency analyst Trader Tardigrade, despite a 16% drop in DOGE this week, its Relative Strength Index (RSI) has returned to a more 'healthy' state, indicating that the previous overbought condition has cooled down.
Since breaking 208% in early November, DOGE's price has been fluctuating between $0.35 and $0.48. Although there has been a short-term price pullback, dropping below the upward trend line, which has made some investors a bit worried, this is a normal adjustment period for the market, and the upcoming trend may be more optimistic.
Next stop-loss point: $0.50, Dogecoin could 'explode' at any moment!
According to cryptocurrency analyst Trader Tardigrade, despite a 16% drop in DOGE this week, its Relative Strength Index (RSI) has returned to a more 'healthy' state, indicating that the previous overbought condition has cooled down.
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Three Survival Rules in the Crypto World: Secure your profits, cut your losses, and be smart to earn again!
In the crypto world, there are no guaranteed profits, only smart operations and risk management. As long as you master these survival rules, you can stabilize your footing in this turbulent market, earning easily and not feeling the pain of losses.
1. Lock in your profits; don’t give the market a chance to 'reverse'
In the crypto world, once you see the money you've made, you must protect it immediately!
For example, if you bought a certain coin and it rises by 10%, you might feel eager to wait for it to rise a bit more. Be careful, this kind of 'greed' can easily trap you!
Once it rises to a certain percentage (like 10% or 20%), you must immediately formulate a profit-taking strategy to avoid letting your gains slip away.
If the rise appears sustainable, continue to hold, but if there are signs of a pullback, cut your losses immediately to avoid being caught off guard by a sudden market drop.
2. Be decisive in cutting losses; don’t let losses turn into 'total loss'
Many investors, after incurring losses, often think, 'Just wait a bit longer; maybe I can break even.' But the longer you wait, the greater the losses.
Set a stop-loss point, for example, 15% (you can adjust this based on your risk tolerance), and once the loss reaches this point, cut your losses and exit quickly! Remember: the biggest fear in trading is 'not being able to cut losses.' A loss is a loss; if you missed out, consider it tuition.
Don’t cling to a single coin; both making profits and cutting losses require decisiveness.
3. Sold a coin and it drops further? No worries, buy it back at the original price
This rule can help offset the regret of 'selling too early.'
If you sell and then the coin price drops, at that moment, if you still have faith in it, don’t hesitate to buy it back at the original price!
This way, you can not only alleviate the regret of selling but also accumulate more coins at a new low.
Although you will incur some transaction fees in the process, it is much better than missing the market opportunity and losing the chance to double your investment.
In summary: To survive in the crypto world, don't just focus on the immediate ups and downs; learn to manage risks and protect profits.
To quote an old saying: Preserving profits, stopping losses in time, along with reasonable capital management, is the smartest investment strategy!
In the crypto world, there are no guaranteed profits, only smart operations and risk management. As long as you master these survival rules, you can stabilize your footing in this turbulent market, earning easily and not feeling the pain of losses.
1. Lock in your profits; don’t give the market a chance to 'reverse'
In the crypto world, once you see the money you've made, you must protect it immediately!
For example, if you bought a certain coin and it rises by 10%, you might feel eager to wait for it to rise a bit more. Be careful, this kind of 'greed' can easily trap you!
Once it rises to a certain percentage (like 10% or 20%), you must immediately formulate a profit-taking strategy to avoid letting your gains slip away.
If the rise appears sustainable, continue to hold, but if there are signs of a pullback, cut your losses immediately to avoid being caught off guard by a sudden market drop.
2. Be decisive in cutting losses; don’t let losses turn into 'total loss'
Many investors, after incurring losses, often think, 'Just wait a bit longer; maybe I can break even.' But the longer you wait, the greater the losses.
Set a stop-loss point, for example, 15% (you can adjust this based on your risk tolerance), and once the loss reaches this point, cut your losses and exit quickly! Remember: the biggest fear in trading is 'not being able to cut losses.' A loss is a loss; if you missed out, consider it tuition.
Don’t cling to a single coin; both making profits and cutting losses require decisiveness.
3. Sold a coin and it drops further? No worries, buy it back at the original price
This rule can help offset the regret of 'selling too early.'
If you sell and then the coin price drops, at that moment, if you still have faith in it, don’t hesitate to buy it back at the original price!
This way, you can not only alleviate the regret of selling but also accumulate more coins at a new low.
Although you will incur some transaction fees in the process, it is much better than missing the market opportunity and losing the chance to double your investment.
In summary: To survive in the crypto world, don't just focus on the immediate ups and downs; learn to manage risks and protect profits.
To quote an old saying: Preserving profits, stopping losses in time, along with reasonable capital management, is the smartest investment strategy!
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