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Are Cryptocurrencies Safe Investments?Cryptocurrencies have attracted a reputattion as unstable investments due to high investor losses due to scams, hacks, bugs, and volatility. Although the underlying cryptography and blockchain are generally secure,the technical complexity of using and storing crypto assets can be a significant hazard to new users.In addition to the market risks associated with speculative assets, cryptocurrency investors should be aware of the following risks:User risk: Unlike traditional finance, there is no way to reverse or cancel a cryptocurrency transaction after it has already been sent. By some estimates, about one-fifth of all bitcoins are now inaccessible due to lost passwords or incorrect sending addressesRegulatory risks: The regulatory status of some cryptocurrencies is still unclear, with many governments seeking to regulate them as securities, currencies, or both. A sudden regulatory crackdown could make it challenging to sell cryptocurrencies or cause a market-wide price drop.Counterparty risks: Many investors and merchants rely on exchanges or other custodians to store their cryptocurrency. Theft or loss by one of these third parties could result in losing one's entire investment.Management risks: Due to the lack of coherent regulations, there are few protections against deceptive or unethical management practices. Many investors have lost large sums to management teams that failed to deliver a product.Programming risks: Many investment and lending platforms use automated smart contracts to control the movement of user deposits. An investor using one of these platforms assumes the risk that a bug or exploit in these programs could cause them to lose their investment.Market Manipulation: Market manipulation remains a substantial problem in cryptocurrency, with influential people, organizations, and exchanges acting unethically.Despite these risks, cryptocurrencies have seen a significant price leap, with the total market capitalization rising to about $1.2 trillion. Despite the asset's speculative nature, some have created substantial fortunes by taking on the risk of investing in early-stage cryptocurrencies.$BTC $ETH $BNB #TrendingTopic #CryptoCollapse #TrendingArticle #Write2Earn

Are Cryptocurrencies Safe Investments?

Cryptocurrencies have attracted a reputattion as unstable investments due to high investor losses due to scams, hacks, bugs, and volatility. Although the underlying cryptography and blockchain are generally secure,the technical complexity of using and storing crypto assets can be a significant hazard to new users.In addition to the market risks associated with speculative assets, cryptocurrency investors should be aware of the following risks:User risk: Unlike traditional finance, there is no way to reverse or cancel a cryptocurrency transaction after it has already been sent. By some estimates, about one-fifth of all bitcoins are now inaccessible due to lost passwords or incorrect sending addressesRegulatory risks: The regulatory status of some cryptocurrencies is still unclear, with many governments seeking to regulate them as securities, currencies, or both. A sudden regulatory crackdown could make it challenging to sell cryptocurrencies or cause a market-wide price drop.Counterparty risks: Many investors and merchants rely on exchanges or other custodians to store their cryptocurrency. Theft or loss by one of these third parties could result in losing one's entire investment.Management risks: Due to the lack of coherent regulations, there are few protections against deceptive or unethical management practices. Many investors have lost large sums to management teams that failed to deliver a product.Programming risks: Many investment and lending platforms use automated smart contracts to control the movement of user deposits. An investor using one of these platforms assumes the risk that a bug or exploit in these programs could cause them to lose their investment.Market Manipulation: Market manipulation remains a substantial problem in cryptocurrency, with influential people, organizations, and exchanges acting unethically.Despite these risks, cryptocurrencies have seen a significant price leap, with the total market capitalization rising to about $1.2 trillion. Despite the asset's speculative nature, some have created substantial fortunes by taking on the risk of investing in early-stage cryptocurrencies.$BTC $ETH $BNB #TrendingTopic #CryptoCollapse #TrendingArticle #Write2Earn
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Baissier
I'm here today with some bad news for some people. Binance plans on delisting some cryptocurrencies and the the last one might come as a shocker to you since it's widely known.#Write2Earn #BinanceSqaure #CryptoCollapse
I'm here today with some bad news for some people.
Binance plans on delisting some cryptocurrencies and the the last one might come as a shocker to you since it's widely known.#Write2Earn #BinanceSqaure #CryptoCollapse
🚀 Breaking News: $Bitcoin rockets to $100,000! 📈 🚀 Cheers and positive predictions flood the online space. "Next milestone: $150,000," enthusiasts proclaim! Suddenly, a deafening hush falls as a colossal red candle slashes through the market, sending the price plummeting back to $35,000. Whispering, you express your disbelief, "You said you believed in this technology." #CryptoCollapse #UnexpectedDive #BTCShocker 📉
🚀 Breaking News: $Bitcoin rockets to $100,000! 📈 🚀

Cheers and positive predictions flood the online space. "Next milestone: $150,000," enthusiasts proclaim!

Suddenly, a deafening hush falls as a colossal red candle slashes through the market, sending the price plummeting back to $35,000.

Whispering, you express your disbelief, "You said you believed in this technology."

#CryptoCollapse #UnexpectedDive #BTCShocker 📉
🚨 $Bitcoin price hits $100,000! 📈 🚨   Enthusiastic cheers and optimistic predictions flood the internet. "$150,000 is next, everyone says!"   Just as euphoria reaches its peak, a deafening silence falls as a colossal red candle slashes through the market, plummeting the price back down to $35,000.   "You said you believed in this technology," you manage to whisper, the disbelief evident in your voice.     #CryptoCollapse #UnexpectedDive #BTCShocker 📉
🚨 $Bitcoin price hits $100,000! 📈 🚨

 

Enthusiastic cheers and optimistic predictions flood the internet. "$150,000 is next, everyone says!"

 

Just as euphoria reaches its peak, a deafening silence falls as a colossal red candle slashes through the market, plummeting the price back down to $35,000.

 

"You said you believed in this technology," you manage to whisper, the disbelief evident in your voice.

 

 

#CryptoCollapse #UnexpectedDive #BTCShocker 📉
💔BREAKING The LUNA Saga: From Heights to Depths 🚀♥️ In May 2022, $LUNA, once soaring at $116, plunged to a heart-wrenching $0.00008 by June 6, leaving investors in disbelief. What caused this catastrophic crash that wiped billions off the Terra and Luna ecosystem, valued at over $60 billion? Let's dive into the roots of Terra Network and Luna, founded in 2018 by Do Kwon and Daniel Shin. Their vision? A decentralized payment system using stablecoins pegged to real-world currencies, like UST tied to the U.S. dollar and KRW linked to the Korean won. Central to this ecosystem was LUNA, the native token managing blockchain fees. Unlike traditional stablecoins backed by real money, Terra opted for an algorithmic approach. Enter the UST example: Users could burn $1 worth of LUNA to create 1 UST or vice versa. This mechanism aimed to keep UST close to $1, encouraging users to burn LUNA for UST when its value exceeded $1 and vice versa. For over a year, this model maintained stability, regulating UST supply based on demand. However, the calamity unfolded in May 2022 when UST crashed significantly below $1, triggering a system-wide collapse. It wasn't a mere glitch; it was a devastating freefall, resulting in substantial losses for investors, traders, and long-term holders. The $LUNA saga serves as a stark reminder of the crypto market's unpredictable nature. Learn, adapt, and navigate wisely. 🌌💡 #TradeNTell #CryptoCollapse #TerraNetwork #LUNAC $LUNC $SOL
💔BREAKING The LUNA Saga: From Heights to Depths 🚀♥️

In May 2022, $LUNA, once soaring at $116, plunged to a heart-wrenching $0.00008 by June 6, leaving investors in disbelief.

What caused this catastrophic crash that wiped billions off the Terra and Luna ecosystem, valued at over $60 billion?
Let's dive into the roots of Terra Network and Luna, founded in 2018 by Do Kwon and Daniel Shin.

Their vision? A decentralized payment system using stablecoins pegged to real-world currencies, like UST tied to the U.S. dollar and KRW linked to the Korean won.

Central to this ecosystem was LUNA, the native token managing blockchain fees. Unlike traditional stablecoins backed by real money, Terra opted for an algorithmic approach.

Enter the UST example: Users could burn $1 worth of LUNA to create 1 UST or vice versa.

This mechanism aimed to keep UST close to $1, encouraging users to burn LUNA for UST when its value exceeded $1 and vice versa.

For over a year, this model maintained stability, regulating UST supply based on demand.

However, the calamity unfolded in May 2022 when UST crashed significantly below $1, triggering a system-wide collapse.

It wasn't a mere glitch; it was a devastating freefall, resulting in substantial losses for investors, traders, and long-term holders.

The $LUNA saga serves as a stark reminder of the crypto market's unpredictable nature. Learn, adapt, and navigate wisely. 🌌💡
#TradeNTell #CryptoCollapse #TerraNetwork #LUNAC $LUNC $SOL
💔BREAKING The LUNA Saga: From Heights to Depths 🚀💔 In May 2022, $LUNA, once soaring at $116, plunged to a heart-wrenching $0.00008 by June 6, leaving investors in disbelief. What caused this catastrophic crash that wiped billions off the Terra and Luna ecosystem, valued at over $60 billion? Let's dive into the roots of Terra Network and Luna, founded in 2018 by Do Kwon and Daniel Shin. Their vision? A decentralized payment system using stablecoins pegged to real-world currencies, like UST tied to the U.S. dollar and KRW linked to the Korean won. Central to this ecosystem was LUNA, the native token managing blockchain fees. Unlike traditional stablecoins backed by real money, Terra opted for an algorithmic approach. Enter the UST example: Users could burn $1 worth of LUNA to create 1 UST or vice versa. This mechanism aimed to keep UST close to $1, encouraging users to burn LUNA for UST when its value exceeded $1 and vice versa. For over a year, this model maintained stability, regulating UST supply based on demand. However, the calamity unfolded in May 2022 when UST crashed significantly below $1, triggering a system-wide collapse. It wasn't a mere glitch; it was a devastating freefall, resulting in substantial losses for investors, traders, and long-term holders. The $LUNA saga serves as a stark reminder of the crypto market's unpredictable nature. Learn, adapt, and navigate wisely. 🌌💡 #TradeNTell #CryptoCollapse #TerraNetwork #LUNA #LUNAC $LUNC $SOL
💔BREAKING The LUNA Saga: From Heights to Depths 🚀💔

In May 2022, $LUNA , once soaring at $116, plunged to a heart-wrenching $0.00008 by June 6, leaving investors in disbelief.
What caused this catastrophic crash that wiped billions off the Terra and Luna ecosystem, valued at over $60 billion?

Let's dive into the roots of Terra Network and Luna, founded in 2018 by Do Kwon and Daniel Shin.

Their vision? A decentralized payment system using stablecoins pegged to real-world currencies, like UST tied to the U.S. dollar and KRW linked to the Korean won.

Central to this ecosystem was LUNA, the native token managing blockchain fees. Unlike traditional stablecoins backed by real money, Terra opted for an algorithmic approach.
Enter the UST example: Users could burn $1 worth of LUNA to create 1 UST or vice versa. This mechanism aimed to keep UST close to $1, encouraging users to burn LUNA for UST when its value exceeded $1 and vice versa.

For over a year, this model maintained stability, regulating UST supply based on demand.

However, the calamity unfolded in May 2022 when UST crashed significantly below $1, triggering a system-wide collapse.
It wasn't a mere glitch; it was a devastating freefall, resulting in substantial losses for investors, traders, and long-term holders.

The $LUNA saga serves as a stark reminder of the crypto market's unpredictable nature. Learn, adapt, and navigate wisely. 🌌💡

#TradeNTell #CryptoCollapse #TerraNetwork #LUNA #LUNAC $LUNC $SOL
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