Biggest Scam in Crypto History… do NOT fall for it!!
In the ever-evolving world of cryptocurrencies, scams are unfortunately on the rise, targeting millions of unsuspecting investors. The emergence of crypto as a lucrative technology has paved the way for both innovation and exploitation. Much like the early days of the internet, where excitement and hype coexisted with scams, the crypto space is grappling with its own set of fraudulent schemes. One of the most prevalent scams affecting the crypto community takes place in the comment sections of popular YouTube channels and in a good number of Youtube videos with a high number of fake views. These scams involve fake promotions of new tokens, often claiming associations with major companies like Amazon. Scammers exploit the curiosity of users by urging them to research these tokens, leading to potential financial losses. One prevalent scam involves P2P (peer-to-peer) arbitrage, where scammers create fake videos boasting high amounts of purchased views. These videos claim to demonstrate a foolproof arbitrage strategy, enticing users with promises of significant profits. The scam typically unfolds as follows: the fraudsters showcase a seemingly successful arbitrage transaction, encouraging viewers to replicate the process on their own. Users are urged to transfer funds from one exchange to another to capitalize on price differences and earn substantial returns. However, once users make the transfer, the scammers vanish their money, leaving victims without their funds. Here are key red flags associated with P2P arbitrage scams: Highly Viewed Videos: Scammers purchase views to make their videos appear popular and trustworthy. Be wary of videos that boast an unusually high number of views, especially if the content promises quick and guaranteed profits.Too Good to Be True: If an arbitrage strategy sounds too good to be true, it probably is. Legitimate investments come with risks, and there are no guaranteed profits in the volatile world of cryptocurrencies.Requests for Fund Transfers: Scammers will prompt users to transfer funds between exchanges or wallets. Exercise extreme caution when asked to move your funds, especially if the instructions come from unverified sources.Lack of Transparency: Genuine arbitrage strategies are transparent about risks and potential downsides. If a video or offer lacks clarity or avoids discussing potential pitfalls, it may be a scam.No Reputable Endorsements: Scams often lack endorsements from reputable sources or individuals within the crypto community. Legitimate investment strategies are typically discussed and endorsed by trusted figures. It's crucial for investors to conduct thorough research, verify information, and consult reputable sources before engaging in any investment activity. Always remain skeptical of strategies that promise unrealistic returns and be cautious when transferring funds, especially in response to online recommendations. The second scam involves fraudulent YouTube advertisements. Scammers use deepfake technology to create convincing videos featuring prominent figures like Brad Garlinghouse, CEO of Ripple. These fake advertisements promise giveaways and ask users to send a certain amount of cryptocurrency to a specified wallet to receive double the funds in return. In reality, users end up losing their entire investment. The third scam exploits the popularity of genuine channels by mimicking their content and comments. Scammers often create fake channels and use deceptive tactics to lure users into engaging with them. They manipulate comments, buy likes, and employ other tactics to appear legitimate, deceiving users into clicking on malicious links. It's crucial for crypto enthusiasts to exercise caution and skepticism when encountering enticing offers or promotions. Legitimate channels will never ask users to send cryptocurrency for giveaways or promise unrealistically high returns. As the crypto space continues to evolve, users must stay informed, follow reputable channels, and report scams to protect themselves and others from falling victim to fraudulent schemes. Remember, while bad actors may exploit emerging technologies, genuine innovation and adoption of these technologies continue to shape the future positively. Stay vigilant, and don't let scams overshadow the true potential of the crypto landscape.
#Bitcoin Reach Yearly 2023 #AllTimeHigh at $40,890...🙏🎉👍
Around $42k-$45k, there will be the next divergence point of $BTC as per Weekly Chart Analysis.
Upto 15-20 Dec. #BTC will be into Uptrend cycle and after that Whaler's book their profits for next 20-25 days of Christmas & New Year Holidays, then market moves towards final Downtrend cycle of $35k-33k.
♨️Turn $20 Crypto Trade to $200 on Binance: A Beginner's Guide to Technical Analysis 🚀
♻️Introduction
Crypto trading can be a lucrative way to make money, but it's also important to remember that it's a risky market. Before you start trading with real money, it's important to learn the basics of technical analysis. This will help you to identify trends and patterns in the market, which can give you an edge when making trading decisions.
🤷♂️What is Technical Analysis?
Technical analysis is the study of past price and
volume data to predict future price movements.
Technical analysts use a variety of indicators and
charts to identify trends, patterns, support
and resistance levels.
Here is a simple technical analysis strategy that you can use to turn $2 into $20 on Binance:
🔵Choose a cryptocurrency pair that you want to trade.
Identify the trend of the market. Is the price going up, down, or sideways?
Look for support and resistance levels. Support levels are areas where the price is likely to find support and bounce back higher. Resistance levels are areas where the price is likely to face resistance and fall back lower.
Place a buy order at a support level
Place a sell order at a resistance level
🔰For example, let's say that you want to trade the Bitcoin/USDT (BTCUSDT) pair. You identify that the market is in an uptrend and that the price has found support at $25,000. You place a buy order at $25,000 and a sell order at $26,000.
If the price of Bitcoin breaks through the resistance level at $26,000, your sell order will be executed and you will make a profit of $1 on your trade.
🤏Conclusion
Technical analysis can be a powerful tool to help you make profitable cryptocurrency trades. However, it's important to remember that it's not a foolproof system. There is always the risk of losing money when trading cryptocurrency. It's important to start small, use stop-loss orders, and do your own research before making any trading decisions.
RED INDICATOR S&P500+futures+e-mini>3-4 weeks forecastThe lowest is around 17-20(21) NovemberOn 17 November the Gouvernment shutdown will be partly ended. (2 predictions)Trade safe😉👍
If you like my content, support me to write more: (USDT—TRC20) TDYjgnF8UVp4eQAtBK8w6Nxa6n5Q6gq472 Also FOLLOW me for more informing contents:10 Red Flags That Indicate a Crypto ScammmerThe allure of high returns and the potential for quick wealth have made cryptocurrencies an attractive investment option for many. However, this newfound popularity has also attracted scammers who are eager to exploit unsuspecting individuals. To protect yourself from these unscrupulous individuals, it is crucial to be aware of the red flags that suggest someone is a crypto scammer.1. Excessive Pressure and UrgencyCrypto scammers often create a sense of urgency or fear to pressure their victims into making a hasty decision. They may claim that a particular investment opportunity is about to close or that the price of a cryptocurrency is about to skyrocket. This tactic is designed to cloud your judgment and prevent you from conducting thorough research.2. Unrealistic Promises and GuaranteesCrypto scammers are known for making unrealistic promises of high returns with minimal risk. They may even guarantee that you will not lose money. No investment is guaranteed to be profitable, and anyone who claims otherwise is likely a scammer. Remember, if something sounds too good to be true, it probably is.3. Requests for Personal Information or Private KeysLegitimate crypto exchanges and businesses will never ask for your private keys or other personal information, such as your Social Security number or bank account details. If someone asks for this sensitive information, it is a clear indication that they are up to no good. Protect your personal data and never share it with anyone unless you are absolutely certain of their legitimacy.4. Immediate Pressure to Send MoneyCrypto scammers often try to rush their victims into sending them money immediately, before they have a chance to think about it or conduct any research. They may even offer to send you a small amount of money as a "test" or to prove that they are legitimate. Do not fall for this trap. Take your time to investigate the investment opportunity and the person behind it before sending any money.5. High-Pressure Sales TacticsCrypto scammers frequently employ high-pressure sales tactics to manipulate their victims into making impulsive decisions. They may use limited-time offers, countdown timers, and fear-inducing language to create a sense of urgency and pressure. Be cautious of such tactics, and remember that a legitimate investment opportunity will not require you to make a decision under duress.6. Poor Grammar and SpellingMany crypto scammers are not native English speakers, and their communication may be riddled with poor grammar and spelling errors. While this is not always a definitive indicator of a scam, it should raise a red flag. Legitimate businesses and individuals generally take the time to proofread their communications.7. Fake Websites and Social Media ProfilesCrypto scammers often create fake websites or social media profiles that mimic those of legitimate companies or individuals. These websites may look authentic, but they are designed to deceive you into revealing personal information or sending money. Always verify the authenticity of any website or social media profile before engaging with them.8. Demand for Cryptocurrency PaymentsLegitimate businesses will not ask you to pay in cryptocurrency. Cryptocurrency transactions are irreversible, which means that once you send money to a scammer, there is no way to get it back. Be wary of any individual or entity that insists on receiving payment in cryptocurrency.9. Offers to Recover Lost FundsIf you have fallen victim to a crypto scam, do not trust anyone who offers to help you recover your lost funds. These individuals are often scammers themselves, and they are only interested in taking more money from you. Avoid engaging with such individuals and report the scam to the appropriate authorities.10. Lack of Credibility and ReputationBefore investing in a cryptocurrency or using a particular crypto exchange, conduct thorough research to assess the company's credibility and reputation. Read online reviews, check for regulatory compliance, and contact the company directly to ask questions. If you cannot find reliable information or the company lacks transparency, it is best to steer clear.Protecting Yourself from Crypto ScammersBy recognizing these red flags and exercising caution, you can effectively protect yourself from crypto scammers. Remember, if something sounds too good to be true, it probably is. Always conduct thorough research, verify the authenticity of individuals and companies, and avoid making impulsive decisions under pressure. By staying vigilant and informed, you can safeguard your investment and avoid falling prey to these unscrupulous individuals.
The 1 minute scalping strategy is a simple but effective way to scalp the market. It enables traders to make small but consistent profits while minimizing risk. The strategy is based on the principle of catching small price moves that occur in fast moving markets. To do this, traders use a short term timeframe, such as 1 minute, to identify potential trading opportunities. They then enter and exit trades accordingly. Although the 1 minute scalping FX strategy can be profitable, it is not without its dangers. Because it relies on capturing small price movements, it can be very volatile and risky. As such, it is important to use proper risk management techniques when scalping the market. But if done correctly, the 1 minute scalping strategy can be a powerful tool for making consistent profits in the forex market.
Top 3 scalping strategies for 1 minute timeframe:
The 1 minute scalping strategy is a popular choice for traders who are looking to make quick profits
The Moving Average Ribbon Entry Strategy utilizes a combination of simple moving averages (SMAs)
Bollinger Bands can be an effective tool for trading in a volatile market
What Is 1 Minute Scalping Strategy?
The 1 minute scalping strategy is a popular trading technique that involves opening and closing trades within a one minute timeframe. Many traders believe that this strategy can be used to generate quick and profitable results. However, there are also some drawbacks to consider before using this approach.
Pros
One of the biggest advantages of the 1 minute scalping strategy is that it allows traders to take advantage of small price movements. This means that even if the overall market is not moving very much, scalpers can still profit by finding markets that are showing short term momentum.
Another benefit of this strategy is that it can help traders to manage their risk effectively. By only holding onto trades for a short period of time, scalpers can limit their potential losses if the market moves against them.
The final pro is that the 1 minute scalping strategy can be used in conjunction with other trading strategies. For example, many scalpers will use technical indicators such as moving averages or Bollinger Bands to help them make trade decisions.
Cons
1 minute scalping FX strategy can be very stressful and time consuming. Because traders are always looking for new opportunities, they often have to sit in front of their screens for long periods of time. This can lead to burnout and make it difficult to stick to the plan.
This strategy also requires a considerable amount of discipline and focus. Because trades are only open for a short period of time, any distractions can potentially lead to significant losses.
Finally, the 1 min scalping strategy can be somewhat risky, as there is always the potential for slippage when entering or exiting trades. This means that traders could end up losing more money than they anticipated if the market moves against them quickly.
Scalping is a trading strategy that involves taking small profits on short-term price movements. This can be a very effective way to trade on Binance, as the exchange offers a wide variety of assets with high liquidity and tight spreads.
One popular scalping strategy on Binance is to use the 15-minute timeframe. This timeframe allows you to identify small price movements that you can take advantage of. To use this strategy, you will need to use a technical indicator to identify support and resistance levels. A popular indicator for scalping is the moving average convergence divergence (MACD).
The MACD is a trend-following indicator that can help you identify changes in momentum. When the MACD line crosses above the signal line, it is a signal that the market is trending upwards. You can take a long position when this happens. When the MACD line crosses below the signal line, it is a signal that the market is trending downwards. You can take a short position when this happens.
Once you have identified a support or resistance level, you can place your order on the 15-minute timeframe. Your stop loss should be placed below the support level for a long position, or above the resistance level for a short position. Your target should be a small profit, such as 10-20 pips.
Scalping can be a very profitable trading strategy, but it is important to use proper risk management. You should never risk more than 1% of your account balance on a single trade. You should also use a stop loss to limit your losses.
Scalping, Day Trading, Swing Trading, and Position Trading
Understanding the Key Trading Styles Written by: Crypto Bubbles Scalping:Scalping is a lightning-fast trading style aimed at capitalizing on small gains from swift price movements. It involves executing multiple trades in a single day, often on time frames as short as one to five minutes.Day Trading:Day trading revolves around opening and closing positions within the same trading day. Day traders commonly focus on time frames ranging from five minutes to one hour.Swing Trading:Swing trading permits the holding of positions for several days to a few weeks. Traders blend technical and fundamental analysis, scrutinizing time frames such as the 4-hour, daily, or weekly charts.Position Trading:Position trading is a patient, long-term investment strategy in which traders and investors plan to retain positions for extended durations, which can span months or even years.
In this article, i would talk about the five- minute scalping strategy. 5- minute scalping strategy will be quiet interesting for all the traders and also for new comers . Every Trader can utilize this indicator and they can earn a lot of profit. Best Indicator for 5 Min Chart In the 5 minute scalping system or strategy, the seller and buyer requires to establish a lowest level of 10 trades in no more than a one day for the purpose of benefits on whichever insignificant price movements. A severe way out system or strategy should be executed for the purpose of keep down whichever probable dropping. In the 5 minute scalping system or strategy, the gripping time is only five minutes. This procedure needs specific implementation and acrobatic trading. Regulations for a Prolong Trade • Focus for the money sets take place trading lower than the 20-phase EMA and MACD take place in defeatist region. • Proceed prolong higher than the 20-phase EMA. • For the purpose of an antagonistic trade, put down a stop at the lower oscillate on the five minute graph. For the purpose of conventional trade, put down a stop 20 lower than the 20-phase EMA. Rules for a Short Trade Look for the currency pair to be trading above the 20-period EMA and MACD to be positive. Go short below the 20 period EMA. For an aggressive trade, place stop at the swing high on a 5-minute chart. For a conservative trade, place the stop above 20-period EMA. Best Macd Settings for 5 Minute Chart Regulations for a Small Trade • Focus for the money sets take place trading higher than the 20-phase EMA and MACD take place productive. • Proceed small lower than the 20-phase EMA. • For the purpose of an antagonistic trade, put down a stop at the higher oscillate on the five minute graph. For the purpose of conventional trade, put down a stop 20 pips higher than the 20-phase EMA. Basic Points Of The 5 – Minute Scalping Strategy Some of the basic points for the 5 minute scalping strategy are as follows: • The 5-Minute strategy is created to aid sellers and buyers engage in back tracking and spend some time in the location with the appearance of prices proceed in a latest route. • The system depends upon exponential moving averages and the MACD forex trading indicators. • With the appearance of the trend is unfurl, end-loss orders and persuing stops are utilized to keep safe financial gain. • As in under whichever strategy or system depends upon scientific indicators, the five-Minute strategy is not never failing and outcome would be dissimilar based on market environment.
How to invest $100 and make massive profits in the next bull market
With a limited budget, it's essential to diversify your investments. Consider dividing your $100 into a few different cryptocurrencies to spread the risk. Follow the process below:
1. Register your Binance account and verify your identity.
2. Fund your Binance account (this can be done through the P2P platform or directly, depending on your country).
3. After funding, divide your $100 into five places.
4. Invest $60 into 3 different low-marketcap coins with the potential to return 5–10x your investment. Eg. $KEY
5. Invest $20 in any high-market-capitalization coin, e.g., $BNB
6. Keep $20 in a stable coin. Having stablecoins on hand allows you to quickly take advantage of trading opportunities.
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SCAM HAPPENED TODAY, OUR BELOVED LOST $735K, LINEA TOKEN RUG PULL SCAM
A hacker was able to steal $735,000 worth of cryptocurrency from Linea users in a token rug pull scam. The hacker created a fake Linea website and promoted it on social media. When users visited the fake website and connected their wallets, the hacker stole their funds.The hacker was able to get away with the scam because Linea is a relatively new cryptocurrency and many users are not familiar with it. The hacker also took advantage of the fact that Linea is a decentralized currency, meaning that there is no central authority to track down and prosecute the hacker.In a token rug pull scam, the developers of a cryptocurrency abandon the project and steal all of the investor funds. This is done by withdrawing all of the liquidity from the token's trading pool, making it impossible for investors to sell their tokens.Token rug pull scams are becoming increasingly common in the cryptocurrency industry, and they can be very difficult to detect. However, there are a few things that investors can do to protect themselves from these scams:Do your research before investing in any cryptocurrency. Make sure that the project has a transparent team, a clear roadmap, and a working product.Be wary of projects that are constantly hyping up their price. Legitimate projects don't need to hype their price to attract investors.Avoid investing in tokens that have a small market capitalization. Small market cap tokens are more likely to be rug pulled because they are easier to manipulate.Be careful about investing in tokens that are only listed on decentralized exchanges (DEXs). DEXs are less regulated than centralized exchanges, and they are more vulnerable to scams.If you think you may have been a victim of a token rug pull scam, there is very little that you can do to recover your funds. However, you can report the scam to the relevant authorities and warn other investors about the project.How the Linea Token Rug Pull Scam WorkedThe Linea token rug pull scam worked in the following way:1. The hacker created a fake Linea website and promoted it on social media.2. When users visited the fake website and connected their wallets, the hacker stole their funds.3. The hacker then withdrew all of the liquidity from the Linea trading pool, making it impossible for investors to sell their tokens.4. The hacker then disappeared, leaving investors with worthless tokens.How to Protect Yourself from Token Rug Pull ScamsThere are a few things that investors can do to protect themselves from token rug pull scams:Do your research before investing in any cryptocurrency. Make sure that the project has a transparent team, a clear roadmap, and a working product.Be wary of projects that are constantly hyping up their price. Legitimate projects don't need to hype their price to attract investors.Avoid investing in tokens that have a small market capitalization. Small market cap tokens are more likely to be rug pulled because they are easier to manipulate.Be careful about investing in tokens that are only listed on decentralized exchanges (DEXs). DEXs are less regulated than centralized exchanges, and they are more vulnerable to scams.#linea
8. Execute trades: Once you have identified an opportunity, place your trades on the exchange. You can either buy cryptocurrencies using fiat currency or trade one cryptocurrency for another.
9. Monitor your trades: After entering positions, it is crucial to monitor the market and keep a close eye on your trades. Stay updated on news and events that could affect the value of your chosen cryptocurrencies.
10. Risk management: Implement risk management strategies, such as setting stop-loss and take-profit orders. These measures help protect your investment by automatically closing positions at predetermined levels.
11. Learn from your experiences: Trading cryptocurrencies is a learning process. Continuously evaluate and learn from your trades, both successful and unsuccessful. This will help refine your trading strategy and decision-making.
12. Stay updated: Stay informed about market trends, regulatory changes, and industry developments. Subscribe to credible cryptocurrency news sources, follow influential traders or analysts on social media, and join relevant online communities to stay updated.
Remember, cryptocurrency trading involves risk, and it's important to only invest what you can afford to lose. Patience, discipline, and continuous education are key to success in this ever-evolving market.
$MAGIC has done weekly breakout and now ready for next leg up after a little consolidation. Scalp trade can go either way to so I am opening position here and will book quick profit. Don't forget to understand the trade much better based on my analysis.
My entry price 0.570 - 0.575
🎯1st TP - 0.590
🎯2nd TP - 0.615
🎯3rd TP - 0.640
🎯4th TP - 0.670
🎯5th TP - 0.710
🛑 Stop loss : 0.55
It needs holding of 1-2 days for all targets. Patience will be needed. DYOR . Keep booking profits at every TP in these marketing conditions.
📝NOTE : if you want to take trade in future do not use more than 20x leverage. if you have any question do comment I will ans .
🏦👀 Users Can Now Buy XRP and Shiba Inu Using Multiple Banking Payment Methods Worldwide
Shiba Inu enthusiasts will now be able to purchase SHIB using multiple international banking paying methods thanks to the partnership between BitPay and Banxa.Dec. Paid Pay has partnered with Canada-based payment provider Banxa to expand the payment methods available to its users.
According to the announcement, the initiative will allow BitPay users worldwide to easily purchase crypto assets, including XRP and SHIB.
We are excited to announce our partnership with @BanxaOfficial!
We are rolling out a number of international banking pay methods that will make it easier for our global customers to buy crypto.
In addition to Shiba Inu and XRP, users can take advantage of the newly added pay methods to purchase other BitPay-supported crypto assets, such as BTC, ETH, BCH, DOGE, BUSD, USDC, ADA and LTC.
BitPay Pay Methods Newly Added As a result of the partnership between BitPay and Banxa, the following pay methods are now available on the BitPay platform.
ideal Thanks to the partnership, BitPay has now added IDEAL as a paying method to its platform. As a result, crypto enthusiasts in the Netherlands are able to purchase XRP, SHIB and other cryptocurrencies with iDEAL via their BitPay wallet or website.
SEPA (Instant and Standard) This banking paying method will make it easier for Europeans to buy SHIB, XRP and BTC through the BitPay platform. #xrp #SHIB #Binance
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