Get Your FDUSD Here
95% of people who have tried trading Futures have lost their money. It's a very bad idea. Don't try trading when you're not a trader, and don't think you're a trader just because you've made money investing in cryptos. People study for years to become traders: it's not for nothing, and if it were so easy, believe me, Futures wouldn't exist, simply because crypto exchanges would lose their money.

If you've made money in Futures trading for a few days, well done to you. However, this does not mean you're a trader. Being a trader means having a consistent, reasonable return that you can manage in the long term. If you can be profitable for 6 months in the crypto market without losing a significant portion of your capital (no more than 20%), then you can consider yourself good at trading. Without that, there's no point in posting screenshots of your trading gains when in the following trades you burn all your capital.

The Futures market is there to make you lose, and leverage accelerates this. Market makers are paid to make you lose your money by pushing the market in the opposite direction, and you, with your few thousand dollars, think you can beat an institution that has hundreds of millions of dollars? You're dreaming.

If you want to get into trading, know that it's possible, and some people make money from it: but it's a very long process that takes several years. Practice trading on demo accounts, set yourself a trading plan, learn how markets work, and maybe in a few years, you'll be profitable in the long run.

Before you've done that, don't even think about it. Forget about Futures if you're new to the crypto market.

Hoping that some will understand this and apply these tips.

This publication is my own opinion.

Thank you for reading.

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Bitcoin topped $67,000, a more than 10% jump from lows hit hours earlier, after the Fed's decision on rates and comments about interest rates.

Ether rebounded from a drop prompted by fears of more SEC regulation, while dogecoin soared on Coinbase's plan to list futures contracts.

Crypto markets bounced sharply higher and bitcoin {{BTC}} targeting $67,000 on Wednesday as U.S. Federal Reserve Chair Jerome Powell hit a dovish tone after and the central bank maintained its outlook for three rate cuts this year despite hotter-than-expected inflation figures.

Bitcoin {{BTC}} hit a $67,781 daily high, recording a more than 10% recovery from level seen hours earlier. Ether {{ETH}} erased its 6% dip earlier in the day that had been triggered by news reports about the Ethereum Foundation facing a confidential inquiry from an unnamed government and the U.S. Securities and Exchange Commission considering classifying the asset as a security.

Dogecoin {{DOGE}}, litecoin {{LTC}} and bitcoin cash {{BCH}} led gains among major cryptocurrencies as people finally noticed a Coinbase plan, posted on a U.S. regulator's website several weeks ago, to offer futures contracts on them. The broad-market CoinDesk 20 Index (CD20) was up nearly 3% over the past 24 hours.

Traditional markets also climbed higher. The S&P 500 index jumped nearly 1% to a fresh all-time high, while the tech-heavy Nasdaq-100 gained 1.3%. The U.S. dollar index (DXY), which measures the strength of the dollar against other major currencies, declined nearly 0.7% from its session high, signaling a greater risk appetite among investors.

Digital asset prices suffered a steep correction over the past week, with BTC enduring its largest daily loss since the collapse of FTX in November 2022, as market participants turned risk-averse ahead of the Fed's Wednesday decision, fearing that last month's stickier inflation reports could deter the Fed rate cut plans. Wednesday's Federal Open Market Committee (FOMC) concluded with policymakers keeping interest rates and rate cut plans steady, removing the risk of a more hawkish scenario that had weighed on asset prices.

Powell said during a press conference that "we are making good progress on bringing inflation down," despite the higher inflation readings.

"Fed expects slightly higher inflation but not enough to derail their dovish inclination," Fejau, an analyst at market analytics firm Reflexivity Research, said in an X post. "Up only."

So we have rate cuts happening this year QT tapering probably in June A strong economy Modestly hot inflation but not nearly enough to concern fed will lead to continued nominal earnings growthMoney market yields still high for interest income My god we’re going so much…

— fejau (@fejau_inc) March 20, 2024

UPDATE (March 20, 20:50 UTC): Revises headline, updates with bitcoin topping $67,000.