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How do I trade cryptocurrency on Binance and make profit? I'm a beginner.
Scenario 1
If you put in $2000 on Binance and track a 5% rise, you will also make $100 per day every single day.
With $2000 in, a 10% rise will guarantee you $200 daily!
Scenario 2
Put in $500 on Binance and track a 20% rise you will make $100 daily.
Remember that they are maker and taker fees that are deductible by Binance for facilitating these transactions.
Why put in more money and not less?
Imagine putting in $200. For you to make $100, you would need to trade a pair that would rise 50% which is much rarer than a pair rising 10%.
Again with $200, you would need to trade at least five different crypto pairs rising 10% a day to make your minimal $100 target. This can be exhausting as the different pairs could be rising at the same time. It could create confusion on which one to choose which could lead to mistakes that will lead to losses.
Putting in at least $1000 for this strategy is much safer and less taxing. The more money you put in, the easier it is to make a profit and the less taxing it is to find different pairs at different times to turn in $100 a day.
A $5000 investment with a 10% profit strategy could give you $500 daily! Neat, right?
Stable coins
Make sure that you are trading your crypto against a stable coin such as USDT, BUSB, BIDR, GBP, etc. That way, after exiting a trade, you store your money in a currency that won’t change in price until you decide to trade again.
You don’t want the surprise of finding that your $1000 turned into $340 overnight after storing it in dogecoin. Remember that your $1000 using this strategy is the investment that will make you $100 a day. So you must make sure it remains intact.
Of course, there is some probability that dogecoin could rise during that period which could mean more profits for you, but that is not the strategy here.
Remember to withdraw or transfer your daily gains if you do not wish to reinvest them.
Scenario 1
If you put in $2000 on Binance and track a 5% rise, you will also make $100 per day every single day.
With $2000 in, a 10% rise will guarantee you $200 daily!
Scenario 2
Put in $500 on Binance and track a 20% rise you will make $100 daily.
Remember that they are maker and taker fees that are deductible by Binance for facilitating these transactions.
Why put in more money and not less?
Imagine putting in $200. For you to make $100, you would need to trade a pair that would rise 50% which is much rarer than a pair rising 10%.
Again with $200, you would need to trade at least five different crypto pairs rising 10% a day to make your minimal $100 target. This can be exhausting as the different pairs could be rising at the same time. It could create confusion on which one to choose which could lead to mistakes that will lead to losses.
Putting in at least $1000 for this strategy is much safer and less taxing. The more money you put in, the easier it is to make a profit and the less taxing it is to find different pairs at different times to turn in $100 a day.
A $5000 investment with a 10% profit strategy could give you $500 daily! Neat, right?
Stable coins
Make sure that you are trading your crypto against a stable coin such as USDT, BUSB, BIDR, GBP, etc. That way, after exiting a trade, you store your money in a currency that won’t change in price until you decide to trade again.
You don’t want the surprise of finding that your $1000 turned into $340 overnight after storing it in dogecoin. Remember that your $1000 using this strategy is the investment that will make you $100 a day. So you must make sure it remains intact.
Of course, there is some probability that dogecoin could rise during that period which could mean more profits for you, but that is not the strategy here.
Remember to withdraw or transfer your daily gains if you do not wish to reinvest them.
Elon Musk, the billionaire tech mogul, recently showed some love to Shiba Inu. However, it is not the Shiba Inu you expect. His recent post on X about his love for dogs sparked a frenzy within the dog-themed cryptocurrency community, as he shared an adorable photo featuring various dog breeds, including a prominent Shiba Inu.
This seemingly innocuous act sent shockwaves through the Shiba Inu, Floki Inu, and Dogecoin communities, igniting speculation about potential investment signals.
Read Also: Shiba Inu Lead Dev Ignites SHIB Army’s Curiosity with Recent Post on X
A Longstanding Canine Connection
Musk’s affection for Shiba Inu dogs is well-documented. He openly expressed his desire for a Shiba puppy in May 2021, further amplifying the interest in June when he proclaimed, “I’m getting a Shiba Inu.” However, the Shiba Inu community’s excitement was short-lived when it became clear Musk referred to the actual dog breed, not the cryptocurrency.
This distinction was further emphasized when a community member inquired about his SHIB token holdings. Musk responded by saying he didn’t hold any SHIB, adding that his cryptocurrency portfolio solely consists of Bitcoin, Ethereum, and Dogecoin.
Musk’s love for Dogecoin is clear, as his attention was the driving force behind DOGE’s rise to prominence in the crypto market.
Despite his love for the Shiba Inu dog, Musk has remained hesitant to embrace the associated cryptocurrency. While his reasoning remains undisclosed, it hasn’t deterred the Shiba Inu community from persistent efforts to woo him into the fold. Whether Musk will succumb to their pleas and invest in SHIB remains an open question.
His disinterest has not stopped the SHIB community from getting excited by what they see as hints from the billionaire. This excitement also extends to Elon-adjacent products, as recent revelations from Grok, Elon Musk’s AI-powered chatbot, caused a stir in the Shiba Inu community.
#Write2Earn #elonmusk #Shibainu #Memecoins
This seemingly innocuous act sent shockwaves through the Shiba Inu, Floki Inu, and Dogecoin communities, igniting speculation about potential investment signals.
Read Also: Shiba Inu Lead Dev Ignites SHIB Army’s Curiosity with Recent Post on X
A Longstanding Canine Connection
Musk’s affection for Shiba Inu dogs is well-documented. He openly expressed his desire for a Shiba puppy in May 2021, further amplifying the interest in June when he proclaimed, “I’m getting a Shiba Inu.” However, the Shiba Inu community’s excitement was short-lived when it became clear Musk referred to the actual dog breed, not the cryptocurrency.
This distinction was further emphasized when a community member inquired about his SHIB token holdings. Musk responded by saying he didn’t hold any SHIB, adding that his cryptocurrency portfolio solely consists of Bitcoin, Ethereum, and Dogecoin.
Musk’s love for Dogecoin is clear, as his attention was the driving force behind DOGE’s rise to prominence in the crypto market.
Despite his love for the Shiba Inu dog, Musk has remained hesitant to embrace the associated cryptocurrency. While his reasoning remains undisclosed, it hasn’t deterred the Shiba Inu community from persistent efforts to woo him into the fold. Whether Musk will succumb to their pleas and invest in SHIB remains an open question.
His disinterest has not stopped the SHIB community from getting excited by what they see as hints from the billionaire. This excitement also extends to Elon-adjacent products, as recent revelations from Grok, Elon Musk’s AI-powered chatbot, caused a stir in the Shiba Inu community.
#Write2Earn #elonmusk #Shibainu #Memecoins
Shiba Inu (SHIB) is exhibiting a bullish stance on the market today, riding on the resurgence of the price of Bitcoin (BTC). At the time of writing, data from CoinMarketCap pegs Shiba Inu’s price at $0.000009587 after amassing a 2% valuation jump in the past 24 hours. The renewed price surge has effectively pushed the token’s weekly gains to 7.56%.
Bitcoin price spikes after government account posts ‘$BTC ’ tweet
The price of bitcoin spiked on Tuesday after the US Securities and Exchange Commission (SEC) posted that it had made a major decision about the cryptocurrency’s future, before retracting the statement.
Crypto investors are currently waiting to see if the SEC will approve or reject applications for the first ever exchange-traded funds (ETF) for bitcoin, which could see billions of institutional investment flood the market.
The price of bitcoin spiked on Tuesday after the US Securities and Exchange Commission (SEC) posted that it had made a major decision about the cryptocurrency’s future, before retracting the statement.
Crypto investors are currently waiting to see if the SEC will approve or reject applications for the first ever exchange-traded funds (ETF) for bitcoin, which could see billions of institutional investment flood the market.
More than doubling in 2023, it looks like the cryptocurrency asset class has officially emerged from the brutal crypto winter. With renewed optimism and the hopes of a bull market looming, it's time to check on one of the top performers from the crypto market's last bull run: Shiba Inu (CRYPTO: SHIB).
When seemingly every cryptocurrency was making monumental gains in 2021, Shiba Inu came out of nowhere and took the crown. Growing by more than 28,000,000%, the meme coin is now the 19th-most valuable cryptocurrency in the world. The next landmark in Shiba Inu's sights is the coveted $1 mark. But can it do it?
When seemingly every cryptocurrency was making monumental gains in 2021, Shiba Inu came out of nowhere and took the crown. Growing by more than 28,000,000%, the meme coin is now the 19th-most valuable cryptocurrency in the world. The next landmark in Shiba Inu's sights is the coveted $1 mark. But can it do it?
Bitcoin hit the $50,000 level for the first time in more than two years as the world's largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last month's regulatory nod for U.S. exchange-traded funds designed to track its price.
