LIVEmetaDrino
@metaDrino
I write about everything crypto and blockchain.. My main focus is tips on how to increase your crypto portfolio holdings..
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A smart money with a 100% win rate bought 4,000 $ETH ($12.58M) again 7 hours ago!
This smart money bought and sold $ETH
7 times from Nov 21, 2022 and May 23, 2024, buying at low prices and
selling at high prices each time, with a 100% win rate and a total
profit of more than $38M!
He has bought a total of 17,012 $ETH H($61M) at an average price of $3,587 since May 29 and lost $7.6M at the current price.
Can he win again this time?
This smart money bought and sold $ETH
7 times from Nov 21, 2022 and May 23, 2024, buying at low prices and
selling at high prices each time, with a 100% win rate and a total
profit of more than $38M!
He has bought a total of 17,012 $ETH H($61M) at an average price of $3,587 since May 29 and lost $7.6M at the current price.
Can he win again this time?
A smart money with a 100% win rate bought 4,000 $ETH ($12.58M) again 7 hours ago!
This smart money bought and sold $ETH 7 times from Nov 21, 2022 and May 23, 2024, buying at low prices and selling at high prices each time, with a 100% win rate and a total profit of more than $38M!
He has bought a total of 17,012 $ETH H($61M) at an average price of $3,587 since May 29 and lost $7.6M at the current price.
Can he win again this time?
This smart money bought and sold $ETH 7 times from Nov 21, 2022 and May 23, 2024, buying at low prices and selling at high prices each time, with a 100% win rate and a total profit of more than $38M!
He has bought a total of 17,012 $ETH H($61M) at an average price of $3,587 since May 29 and lost $7.6M at the current price.
Can he win again this time?
*Trump Gets shot*.. Crypto memers: đđ
Meanwhile $BTC rebounded into the 60k region.. $BNB and $ETH also firmly into the 510 and 3,3K regions respectively..
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7
Meanwhile $BTC rebounded into the 60k region.. $BNB and $ETH also firmly into the 510 and 3,3K regions respectively..
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7
Just wanna share this with you guys today, from the Bianance official twitter page.. ZOOM OUT!! $BTC $ETH and $BNB are among my most trusted pairs long term..
#BinanceTournament #Megadrop #CryptoTradingGuide
#BinanceTournament #Megadrop #CryptoTradingGuide
$BNB was worth around $220 when I shared this last year.. Congratulations to those who listened..
LIVEmetaDrino
--
Bullish
This chart is circulating on social media platforms and creating massive #FUD for BNB..
But two things that they won't tell you are that:
1) #BNB has many use cases and there are many developers building on the blockchain, while #FTT had no real use cases
2) you can pull up a chart of #ETH and #BTC and come up with a similar comparison at some point in the past, and yet here we are still..
Conclusion: FTX and hence FTT were scams, while #Binance and BNB are here to stay..
Prediction: BNB might break support, before a massive 10x to 100x upside move..
Recommendation (Not financial advice): #DCA!
But two things that they won't tell you are that:
1) #BNB has many use cases and there are many developers building on the blockchain, while #FTT had no real use cases
2) you can pull up a chart of #ETH and #BTC and come up with a similar comparison at some point in the past, and yet here we are still..
Conclusion: FTX and hence FTT were scams, while #Binance and BNB are here to stay..
Prediction: BNB might break support, before a massive 10x to 100x upside move..
Recommendation (Not financial advice): #DCA!
This chart is circulating on social media platforms and creating massive #FUD for BNB..
But two things that they won't tell you are that:
1) #BNB has many use cases and there are many developers building on the blockchain, while #FTT had no real use cases
2) you can pull up a chart of #ETH and #BTC and come up with a similar comparison at some point in the past, and yet here we are still..
Conclusion: FTX and hence FTT were scams, while #Binance and BNB are here to stay..
Prediction: BNB might break support, before a massive 10x to 100x upside move..
Recommendation (Not financial advice): #DCA!
But two things that they won't tell you are that:
1) #BNB has many use cases and there are many developers building on the blockchain, while #FTT had no real use cases
2) you can pull up a chart of #ETH and #BTC and come up with a similar comparison at some point in the past, and yet here we are still..
Conclusion: FTX and hence FTT were scams, while #Binance and BNB are here to stay..
Prediction: BNB might break support, before a massive 10x to 100x upside move..
Recommendation (Not financial advice): #DCA!
!!Warning: You need to know this before considering cross-exchange crypto arbitrage:
Firstly, what is cross-exchange crypto arbitrage?
=>In simple terms, it is the practice of buying crypto on an exchange where it is cheap and selling it for a profit on another exchange where the price is higher, hence making a profit. Now even though this sounds low risk and almost like guaranteed profit, there are factors to consider before you trade.
1) Network/Withdrawal fees
Every time you withdraw crypto, there are network fees associated with the transaction and these fees can eat into your profit. As a result, never forget to include these into your profit calculations and always try to use cheaper networks like BEP-20 where possible.
2) Your available balance for trades
It does not help targeting a 50% price difference if all you have is $5 worth of crypto with transaction fees of $4.50, meaning you spend $9 on withdrawal fees while you gross $7.50 on the trade
3) Volume
How much crypto is actually available at the profitable prices? Sometime a trader can place what I call a 'catfish trade', where they place a very small amount at what will seem to you like a profitable price, and then place the rest (their actual) trade at a terrible price for you. If you fall for this and place a market trade, majority of your trade will end up being a loss.
4) Trading fees
Each exchange has different trading fees. Research these and consider them in your profit calculations.
5) Legitimacy of exchanges
Last thing you wanna do is get scammed by fake exchanges. Do thorough research and perform test trades(transfer and trade small amounts) before you send your funds there to avoid being scammed. General rule of 'if its too good, it probably is' applies here.
6) Withdrawal/Network speed
Arbitrage opportunities can appear and disappear in the blink of an eye, which can lead to loses. Therefore it is important to be quick and use faster networks in your transfers.
Thank you for reading! I will write up more specific strategies in the future if the masses show interest.
Firstly, what is cross-exchange crypto arbitrage?
=>In simple terms, it is the practice of buying crypto on an exchange where it is cheap and selling it for a profit on another exchange where the price is higher, hence making a profit. Now even though this sounds low risk and almost like guaranteed profit, there are factors to consider before you trade.
1) Network/Withdrawal fees
Every time you withdraw crypto, there are network fees associated with the transaction and these fees can eat into your profit. As a result, never forget to include these into your profit calculations and always try to use cheaper networks like BEP-20 where possible.
2) Your available balance for trades
It does not help targeting a 50% price difference if all you have is $5 worth of crypto with transaction fees of $4.50, meaning you spend $9 on withdrawal fees while you gross $7.50 on the trade
3) Volume
How much crypto is actually available at the profitable prices? Sometime a trader can place what I call a 'catfish trade', where they place a very small amount at what will seem to you like a profitable price, and then place the rest (their actual) trade at a terrible price for you. If you fall for this and place a market trade, majority of your trade will end up being a loss.
4) Trading fees
Each exchange has different trading fees. Research these and consider them in your profit calculations.
5) Legitimacy of exchanges
Last thing you wanna do is get scammed by fake exchanges. Do thorough research and perform test trades(transfer and trade small amounts) before you send your funds there to avoid being scammed. General rule of 'if its too good, it probably is' applies here.
6) Withdrawal/Network speed
Arbitrage opportunities can appear and disappear in the blink of an eye, which can lead to loses. Therefore it is important to be quick and use faster networks in your transfers.
Thank you for reading! I will write up more specific strategies in the future if the masses show interest.