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Why You Should NEVER Trade on a Weekend 🚨
There are certain risks associated with trading during weekends that you should be aware of. Below are the reasons why you should never trade crypto on a weekend and how to minimize your exposure to these risks.
Limited Liquidity and Increased Volatility:
One of the main reasons to avoid trading crypto on weekends is the limited liquidity in the market. With traditional financial institutions closed, there are fewer participants, which can lead to increased volatility and wider bid-ask spreads. This can result in unfavorable trading conditions and significant losses.
News and Market Sentiment:
These can have a significant impact on cryptocurrency prices. On weekends, when trading volume is lower, the market is more susceptible to sudden price swings due to news events or shifts in market sentiment. This can make it harder to accurately predict price movement and execute profitable trades.
Technical Issues and Security Risks:
Trading cryptocurrencies on weekends can also expose you to technical issues and security risks. With reduced support from exchanges and trading platforms, it might be harder to resolve any technical problems that arise, potentially leading to losses. Additionally, the lower trading volumes on weekends can make it easier for bad actors to manipulate prices and carry out fraudulent activities.
Risk of Overtrading:
The lower trading volumes and increased volatility during weekends can also lead to overtrading, as you may be tempted to take advantage of perceived opportunities that may not be based on sound analysis. Overtrading can also result in more transaction costs.
While it might be tempting to trade over the weekend, the risks are pretty significant. Limited liquidity, increased volatility, and the potential for news-driven price swings can all contribute to unfavorable trading conditions and potential losses. To minimize your exposure to these risks, it is best to avoid trading weekends and focus on executing well-informed trades during periods of higher liquidity and market activity.
There are certain risks associated with trading during weekends that you should be aware of. Below are the reasons why you should never trade crypto on a weekend and how to minimize your exposure to these risks.
Limited Liquidity and Increased Volatility:
One of the main reasons to avoid trading crypto on weekends is the limited liquidity in the market. With traditional financial institutions closed, there are fewer participants, which can lead to increased volatility and wider bid-ask spreads. This can result in unfavorable trading conditions and significant losses.
News and Market Sentiment:
These can have a significant impact on cryptocurrency prices. On weekends, when trading volume is lower, the market is more susceptible to sudden price swings due to news events or shifts in market sentiment. This can make it harder to accurately predict price movement and execute profitable trades.
Technical Issues and Security Risks:
Trading cryptocurrencies on weekends can also expose you to technical issues and security risks. With reduced support from exchanges and trading platforms, it might be harder to resolve any technical problems that arise, potentially leading to losses. Additionally, the lower trading volumes on weekends can make it easier for bad actors to manipulate prices and carry out fraudulent activities.
Risk of Overtrading:
The lower trading volumes and increased volatility during weekends can also lead to overtrading, as you may be tempted to take advantage of perceived opportunities that may not be based on sound analysis. Overtrading can also result in more transaction costs.
While it might be tempting to trade over the weekend, the risks are pretty significant. Limited liquidity, increased volatility, and the potential for news-driven price swings can all contribute to unfavorable trading conditions and potential losses. To minimize your exposure to these risks, it is best to avoid trading weekends and focus on executing well-informed trades during periods of higher liquidity and market activity.
$BTC
LIVETrade Station
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Medvejellegű
Who Owns The Most Bitcoin?
Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions. It is estimated that Satoshi mined more than 22,000 blocks starting from January 3rd, 2009, and received more than one million bitcoin in cumulative block rewards for the work.
How Many Bitcoin Does Satoshi Have?
As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $47 billion in February 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses. None of it was ever spent besides a few test transactions. Satoshi left the project in 2010 and hasn’t been heard from since.
Individual Bitcoin Whales
Tyler and Cameron Winklevoss: Following their 2008 settlement with Mark Zuckerberg for $65 million worth of Facebook shares and cash, the pair started an angel investment company. A few years later they would announce they had bought approximately $11 million worth of bitcoin at an average cost basis of $10 per coin. It’s estimated that the Winklevoss twins own ~70,000 BTC.
Tim Draper: The VC titan has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC at the Mt Gox exchange.
Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a cost basis of approximately $632 per coin.
Michael Saylor: The founder and chairman of Microstrategy revealed in an October 2020 tweet that he personally held 17,732 BTC. It is reasonable to assume that he has since acquired more—being such a public Bitcoin Bull—but this is the only mention of his personal stash
Remember guys alot of hard work goes into providing you with the best investment advice and market insights, your support to me is welcomed to continue delivering valuable updates, you can now tip me in please
follow , like and share
💸 Tip Jar: Show your appreciation by tipping us!
Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions. It is estimated that Satoshi mined more than 22,000 blocks starting from January 3rd, 2009, and received more than one million bitcoin in cumulative block rewards for the work.
How Many Bitcoin Does Satoshi Have?
As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $47 billion in February 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses. None of it was ever spent besides a few test transactions. Satoshi left the project in 2010 and hasn’t been heard from since.
Individual Bitcoin Whales
Tyler and Cameron Winklevoss: Following their 2008 settlement with Mark Zuckerberg for $65 million worth of Facebook shares and cash, the pair started an angel investment company. A few years later they would announce they had bought approximately $11 million worth of bitcoin at an average cost basis of $10 per coin. It’s estimated that the Winklevoss twins own ~70,000 BTC.
Tim Draper: The VC titan has been interested in Bitcoin for a while; so much so that he made one initial purchase of 40,000 BTC at the Mt Gox exchange.
Unfortunately, all 40,000 coins were lost in the hack and subsequent bankruptcy. However, in 2014, Mr. Draper purchased 29,656 BTC for $18.7 million at a cost basis of approximately $632 per coin.
Michael Saylor: The founder and chairman of Microstrategy revealed in an October 2020 tweet that he personally held 17,732 BTC. It is reasonable to assume that he has since acquired more—being such a public Bitcoin Bull—but this is the only mention of his personal stash
Remember guys alot of hard work goes into providing you with the best investment advice and market insights, your support to me is welcomed to continue delivering valuable updates, you can now tip me in please
follow , like and share
💸 Tip Jar: Show your appreciation by tipping us!
$BTC
LIVECriptoMaestro
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Bitcoin cae un 6,6%: Se observó que una billetera de depósito de Binance movió 4.637 BTC (equivalentes a 329 millones de dólares) a una billetera caliente de Binance en las últimas 24 horas. Curiosamente, la misma billetera de depósito también transfirió 4.876 BTC (319 millones de dólares) a la billetera caliente de Binance durante la caída de BTC el 5 de marzo.