LearningOpportunity
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LIVECrypto Scoop
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Whatâs are the best strategies for a crypto day trader?
Identifying cycles and prior pricing levels has been the most successful that I have seen while trading multiple coins.
I try to reduce my risks several ways:
1. I only trade pairs with USD or USDT.
a.) Iâve found if I trade other pairs, such as ADA/BTC or XRP/ETH ( non USD or USDT pairs ), I might make a good run of that coin, but by the time I trade it back into my currency, I have barely gained much in usable USD.
b.) Currently my favorite is still BTC/USD as BTC still dominates what most other coins do during the day.
2. I tend to follow cycles that are known to be reversal points.
a.) For example, using the CCI indicator on the 1-hr charts.. I know the market likes to move in 7 day and 30 day cycles typically. Iâll set my CCI indicator to 162 hours and 730 hours and what for the low. As CCI hits below -100, I wait until I see the uptrend coming back and buy in that uptrend at the low. Normally I use MACD for this, but set to 24/52 instead of 12/26 to reduce noise.
b.) I also tend to use custom EMAâs or Hull Moving Averages. I donât use them like everyone else, but I actually find %âs below the EMA or Hull that price tends to go to, before bouncing back up and trade at that level.
c.) Renko bricks can also help identify uptrends when you see 2 positive bricks based on the ATR ( Average True Range ).
3. I run analysis on the coin based on prior High, Low, Open, Close for the past 120 days in Excel. Things I am looking for are:
a.) Whats the average difference between the high and low for all those days. This will tell me how the coin moves normally from high to low. If I am in the trade mid-day, I can look at how the price has moved today to gauge if there is any more steam left in the coin today.
b.) From this Excel sheet, how far does the price move from the open each day, to the low? Also measure from open to the high. Based on this, I can set my buy and sell number for the day just based on the open.
#InvestingWisdom #investingtips #cryptotips #DayTradingTips #CryptoScoop
Identifying cycles and prior pricing levels has been the most successful that I have seen while trading multiple coins.
I try to reduce my risks several ways:
1. I only trade pairs with USD or USDT.
a.) Iâve found if I trade other pairs, such as ADA/BTC or XRP/ETH ( non USD or USDT pairs ), I might make a good run of that coin, but by the time I trade it back into my currency, I have barely gained much in usable USD.
b.) Currently my favorite is still BTC/USD as BTC still dominates what most other coins do during the day.
2. I tend to follow cycles that are known to be reversal points.
a.) For example, using the CCI indicator on the 1-hr charts.. I know the market likes to move in 7 day and 30 day cycles typically. Iâll set my CCI indicator to 162 hours and 730 hours and what for the low. As CCI hits below -100, I wait until I see the uptrend coming back and buy in that uptrend at the low. Normally I use MACD for this, but set to 24/52 instead of 12/26 to reduce noise.
b.) I also tend to use custom EMAâs or Hull Moving Averages. I donât use them like everyone else, but I actually find %âs below the EMA or Hull that price tends to go to, before bouncing back up and trade at that level.
c.) Renko bricks can also help identify uptrends when you see 2 positive bricks based on the ATR ( Average True Range ).
3. I run analysis on the coin based on prior High, Low, Open, Close for the past 120 days in Excel. Things I am looking for are:
a.) Whats the average difference between the high and low for all those days. This will tell me how the coin moves normally from high to low. If I am in the trade mid-day, I can look at how the price has moved today to gauge if there is any more steam left in the coin today.
b.) From this Excel sheet, how far does the price move from the open each day, to the low? Also measure from open to the high. Based on this, I can set my buy and sell number for the day just based on the open.
#InvestingWisdom #investingtips #cryptotips #DayTradingTips #CryptoScoop
đš#AIUSDT Price Predictionđš
As I said in the last post Ai is in an ABC structure till it hit the floor. So OVERALL BEARISH đȘœ
We are currently in a B wave of the ABC structure which could pump it up to 4th. Wave of an A wave ( not sure where it stop ) , but we know the B wave has 3 sub - waves.
Either way I taught the B wave started at level 0.5 so I F*C* UP my trade.đ
Wave A and C have 5 sub-waves.
After the B wave we are in a downtrend to around 0.87-1.03
I hope you like the update, Follow for moreâ€ïž
#crypto #LearningOpportunity #aiusdt
As I said in the last post Ai is in an ABC structure till it hit the floor. So OVERALL BEARISH đȘœ
We are currently in a B wave of the ABC structure which could pump it up to 4th. Wave of an A wave ( not sure where it stop ) , but we know the B wave has 3 sub - waves.
Either way I taught the B wave started at level 0.5 so I F*C* UP my trade.đ
Wave A and C have 5 sub-waves.
After the B wave we are in a downtrend to around 0.87-1.03
I hope you like the update, Follow for moreâ€ïž
#crypto #LearningOpportunity #aiusdt
Candle Stick understanding Series !
Today candle's depicts picture of bullish and bearish candle
#TrendingTopic #Candlestick_chart_pattren #LearningOpportunity
Today candle's depicts picture of bullish and bearish candle
#TrendingTopic #Candlestick_chart_pattren #LearningOpportunity
đđđ Exciting Times Ahead for $BOND! đđđ
In this post, I'm not handing you a direct setup, but I'm guiding you through the potential movements.
đ Check the White Box: If there's a breakout and the 1-hour candle closes above it, you're in BULLISH territory.
đ 1-Hour Candle Closes Below White Box: Indicates a BEARISH stance.
Targets:
- Bullish Breakout: Aim for the white flags as your main target.
- Bearish Breakdown: Look towards the yellow flag, but exercise caution when shorting in a bullish market.
I'm not directly influencing this trade, but I'm confident you'll gain valuable insights and skills from it.
Your Mission:
If you take on this setup, share your results! Let's learn and grow together. đ±
#BondMarketSurge #TradingInsights #CryptoTrade #LearningOpportunity #BTC
In this post, I'm not handing you a direct setup, but I'm guiding you through the potential movements.
đ Check the White Box: If there's a breakout and the 1-hour candle closes above it, you're in BULLISH territory.
đ 1-Hour Candle Closes Below White Box: Indicates a BEARISH stance.
Targets:
- Bullish Breakout: Aim for the white flags as your main target.
- Bearish Breakdown: Look towards the yellow flag, but exercise caution when shorting in a bullish market.
I'm not directly influencing this trade, but I'm confident you'll gain valuable insights and skills from it.
Your Mission:
If you take on this setup, share your results! Let's learn and grow together. đ±
#BondMarketSurge #TradingInsights #CryptoTrade #LearningOpportunity #BTC
Daily $30 Profit For Beginner Plan
You're Mindset + Patience and discipline are key. Consistent small gains are better than risky chases for large profits
Strategy
Trade with only $30 margin for each trade. This minimizes your risk and prevents one bad trade from significantly impacting your portfolio
Stop Loss
Use stop-loss orders to automatically close your position if the price falls below a certain level. Aim for a stop-loss that limits your risk to 1-2% of your total future account wallet size
Profit Strategies
Take Profit at 25-30% this is a conservative approach, ideal for beginners. Locking in 25- 30% gains consistently will build your confidence and slowly grow your portfolio
Trailing Stop-Loss set your stop-loss to automatically move up as your profit increases
Remember
3 successful trades per day, each netting you a $10 profit. This achieves your $30 target and leaves room for some trades to close at less than your intended target
Don't Overtrade
$ Reaching your $30 goal means you're done for the day. Avoid the temptation to chase further gains, as overtrading can lead to impulsive decisions and losses $
Consistency is Key
For long-term success in cryptocurrency trading. Remember, patience, discipline, learning
further gains, as overtrading can lead to impulsive decisions and losses $
Consistency is Key
For long-term success in cryptocurrency trading. Remember, patience, discipline, learning
Follow 4 More
#TrendingNow
#ProfitEarned:
#LearningIsImportant
#LearningOpportunity
You're Mindset + Patience and discipline are key. Consistent small gains are better than risky chases for large profits
Strategy
Trade with only $30 margin for each trade. This minimizes your risk and prevents one bad trade from significantly impacting your portfolio
Stop Loss
Use stop-loss orders to automatically close your position if the price falls below a certain level. Aim for a stop-loss that limits your risk to 1-2% of your total future account wallet size
Profit Strategies
Take Profit at 25-30% this is a conservative approach, ideal for beginners. Locking in 25- 30% gains consistently will build your confidence and slowly grow your portfolio
Trailing Stop-Loss set your stop-loss to automatically move up as your profit increases
Remember
3 successful trades per day, each netting you a $10 profit. This achieves your $30 target and leaves room for some trades to close at less than your intended target
Don't Overtrade
$ Reaching your $30 goal means you're done for the day. Avoid the temptation to chase further gains, as overtrading can lead to impulsive decisions and losses $
Consistency is Key
For long-term success in cryptocurrency trading. Remember, patience, discipline, learning
further gains, as overtrading can lead to impulsive decisions and losses $
Consistency is Key
For long-term success in cryptocurrency trading. Remember, patience, discipline, learning
Follow 4 More
#TrendingNow
#ProfitEarned:
#LearningIsImportant
#LearningOpportunity
Our boy #Jupiter(JUP) is showing somethingđš
We have a some kind od symetrical triangle going on here, maybe a breakout to the upside ?
What do you think UP or DOWN ?âïžđ
If yes - first resistance at 0.6285
#TrendingTopic #earn #LearningOpportunity
We have a some kind od symetrical triangle going on here, maybe a breakout to the upside ?
What do you think UP or DOWN ?âïžđ
If yes - first resistance at 0.6285
#TrendingTopic #earn #LearningOpportunity
Advice to the Beginners!
Learn the difference between isolated mode and Cross margin mode in the future, otherwise you will lose your money.
#LearningOpportunity #LearningExperience
$BTC $ETH $BNB
Learn the difference between isolated mode and Cross margin mode in the future, otherwise you will lose your money.
#LearningOpportunity #LearningExperience
$BTC $ETH $BNB
@Binance fam, I have a question! â
What's your biggest crypto learning from 2023?
Share your wisdom in the comments and let's help each other level up in 2024!
#Cryptocommunity #BTC #LearningOpportunity
What's your biggest crypto learning from 2023?
Share your wisdom in the comments and let's help each other level up in 2024!
#Cryptocommunity #BTC #LearningOpportunity
Hello everyone!
As you know, finding valuable information nowadays is like looking for a needle in a haysack.
I have always been interested in exploring the vast amounts of information that a social platform can offer, and to my surprise, Binance Square seems to match my personal criterias to a certain degree:
âą must have the ability to filter out noise;
âą crypto and economy oriented posts, not all sorts of non-sense being promoted;
âą must find valuable at frequent intervals.
Of course, there are other criterias that are not worthy of mentioning because they are kind of predefined in the true meaning of a social feed.
I am not writing just to praise Binance Square, and obviously the teams behind the scenes, but I just wanted to make an introductory post about what I am about to do.
I know this post is probably not going to reach anyone and my ultimate goal is definitely not that of becoming a valid voice in the community, but I feel that by making posts I show my grattitude towards the crypto space and all its participants.
What I want to do is publicly share my learning journey in terms of trading and anything about crypto, from DeFi to NFT. I want to discover my limits and show that anything is possible if you are passionate enough about what you are doing.
I have a job, just like anyone else, and just like some other posts I have discovered inspired me, maybe this and the following posts will inspire you as well.
Everything will be taken from ground-level (well, I can't take it from a different level because I don't have that much experience), so I am learning as I post as well.
All the resources I might find will be filtered through my own eyes. I really can't wait and hopefully I will look proudly at this post in the following years.
Btw. I do not even have a bio, but we are learning, aren't we?
I wish you all the best!
#Write2Earn #LearningIsImportant #LearningOpportunity
As you know, finding valuable information nowadays is like looking for a needle in a haysack.
I have always been interested in exploring the vast amounts of information that a social platform can offer, and to my surprise, Binance Square seems to match my personal criterias to a certain degree:
âą must have the ability to filter out noise;
âą crypto and economy oriented posts, not all sorts of non-sense being promoted;
âą must find valuable at frequent intervals.
Of course, there are other criterias that are not worthy of mentioning because they are kind of predefined in the true meaning of a social feed.
I am not writing just to praise Binance Square, and obviously the teams behind the scenes, but I just wanted to make an introductory post about what I am about to do.
I know this post is probably not going to reach anyone and my ultimate goal is definitely not that of becoming a valid voice in the community, but I feel that by making posts I show my grattitude towards the crypto space and all its participants.
What I want to do is publicly share my learning journey in terms of trading and anything about crypto, from DeFi to NFT. I want to discover my limits and show that anything is possible if you are passionate enough about what you are doing.
I have a job, just like anyone else, and just like some other posts I have discovered inspired me, maybe this and the following posts will inspire you as well.
Everything will be taken from ground-level (well, I can't take it from a different level because I don't have that much experience), so I am learning as I post as well.
All the resources I might find will be filtered through my own eyes. I really can't wait and hopefully I will look proudly at this post in the following years.
Btw. I do not even have a bio, but we are learning, aren't we?
I wish you all the best!
#Write2Earn #LearningIsImportant #LearningOpportunity
Cycles & Phases
Passion and motivation, which are directly linked, are necessary, but inevitably, they wane. Discipline remains.How many times have we questioned ourselves? Where would I be today had I not quit that specific activity?This is just a reminder for my future self that I should never quit and continue pursuing my objectives with zeal and tenacity.As I said in the previous post, I have embarked on an exciting journey and anyone is invited to join me. The journey is one of learning; I am starting from the ground-level, with little to no experience. I want to see how far-fetched is the idea of becoming a profitable trader, and not only. I want to know the ins and out of crypto, so anyone more experienced is welcome to correct me if the concepts I am learning are wrong.The e-book I am currently reading started off by explaining the cycles & phases of a market. Prolific traders well before our times observed and attempted to decipher the market progression. Three traders stood out from the crowd; more precisely, Charles Dow, Ralph Elliot, and Richard Wyckoff.They definitely paved the way for modern technical analysis, but do their principles apply to the cryptocurrency markets? I think they do because they all approached their analysis from a psychological perspective of supply and demand.Dow Theory suggests that major market trends are composed of three phases: accumulation phase;trending phase;distribution phase;The accumulation phase is like a sneakier period when smart investors are quietly buying or selling digital coins, even if it goes against what most people think. During this time, crypto prices don't move much because these sharp investors are either soaking up or letting go of coins that the market is offering or demanding. Eventually, the rest of the market catches on to what these savvy investors are up to, and boom, we hit phase 2 with sudden price swings, starting a trend. This trend keeps going until everyone starts going crazy with speculation. Then, the smart investors start selling off their crypto stash to the market.The above assertion clearly illustrates the psychological perspective of each phase. While these models might have their utility, they lack a quantifiable approach to understanding market phases. If I were to open a chart and start trading, would it truly be helpful to subjectively label emotions in an attempt to explain price movements? When would I determine that price shifted psychologically from pessimism to panic?It seems more practical to stick to the three phases outlined in Dow Theory. The simplest explanation is usually the better one. The key takeaway here is that markets evolve through three distinct phases or cycles, which together form and complete market trends.#Write2Earn #TradingTips" #LearningTrading #LearningOpportunity #LearningIsImportant
Cryptocurrency: Digital Assets in Decentralized Transactions
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security and operates on a decentralized network, typically based on blockchain technology. Blockchain, the underlying technology, is a distributed ledger that records all transactions across a network of computers, providing transparency, security, and immutability to the data.
#cryptocurrecny #LearningOpportunity #awareness
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security and operates on a decentralized network, typically based on blockchain technology. Blockchain, the underlying technology, is a distributed ledger that records all transactions across a network of computers, providing transparency, security, and immutability to the data.
#cryptocurrecny #LearningOpportunity #awareness
Some fundamental tips for beginners in crypto trading:
Educate Yourself: Understand basic blockchain technology and research different cryptocurrencies. Knowledge is key to making informed decisions.
Start Small: Begin with a small investment to minimize risks while you learn the ropes of trading.
Diversify: Don't put all your funds into one cryptocurrency. Spread your investments across multiple assets to reduce risk.
Use Reputable Exchanges: Choose well-established and secure exchanges for trading. Research their reputation, security features, and user reviews.
Set Realistic Goals: Define your investment goals and risk tolerance. Set achievable targets and don't succumb to FOMO (Fear of Missing Out).
Risk Management: Set stop-loss orders to limit potential losses. Don't invest more than you can afford to lose.
Stay Informed: Keep up with market trends, news, and developments in the crypto space. Market sentiment can heavily influence prices.
Long-Term Perspective: Cryptocurrency markets can be volatile. Consider a long-term strategy rather than attempting short-term gains.
Wallet Security: Use hardware wallets or secure software wallets to store your cryptocurrencies. Enable two-factor authentication for added security.
Emotional Discipline: Control emotions like fear and greed. Stick to your strategy and avoid impulsive decisions based on market fluctuations.
Remember, crypto trading involves risks, and there are no guaranteed profits. Always do your own research before making investment decisions.
#Write2Earn #TradeNTell #LearningOpportunity
Educate Yourself: Understand basic blockchain technology and research different cryptocurrencies. Knowledge is key to making informed decisions.
Start Small: Begin with a small investment to minimize risks while you learn the ropes of trading.
Diversify: Don't put all your funds into one cryptocurrency. Spread your investments across multiple assets to reduce risk.
Use Reputable Exchanges: Choose well-established and secure exchanges for trading. Research their reputation, security features, and user reviews.
Set Realistic Goals: Define your investment goals and risk tolerance. Set achievable targets and don't succumb to FOMO (Fear of Missing Out).
Risk Management: Set stop-loss orders to limit potential losses. Don't invest more than you can afford to lose.
Stay Informed: Keep up with market trends, news, and developments in the crypto space. Market sentiment can heavily influence prices.
Long-Term Perspective: Cryptocurrency markets can be volatile. Consider a long-term strategy rather than attempting short-term gains.
Wallet Security: Use hardware wallets or secure software wallets to store your cryptocurrencies. Enable two-factor authentication for added security.
Emotional Discipline: Control emotions like fear and greed. Stick to your strategy and avoid impulsive decisions based on market fluctuations.
Remember, crypto trading involves risks, and there are no guaranteed profits. Always do your own research before making investment decisions.
#Write2Earn #TradeNTell #LearningOpportunity
#MyFirstFeedPost Hello, Binance Square!
As a first post, check this link to get some basic information as a refreshment âïž
Stablecoins: A Beginnerâs Guide https://s.binance.com/DV0mnySv #TrendingTopic #LearningOpportunity #btc #bnb
As a first post, check this link to get some basic information as a refreshment âïž
Stablecoins: A Beginnerâs Guide https://s.binance.com/DV0mnySv #TrendingTopic #LearningOpportunity #btc #bnb
What are some cryptocurrency trading strategies?
I trade Binance and have earned and lost a lot of money in the last several months; here are my techniques (in random order).
First, purchase the dips. The issue is determining if it is a blip or a larger slump. Most cryptocurrencies have a daily natural peak and bottom.
Second, avoid chasing breakouts. So you're in the middle of your exchange, browsing trends - and BAM! You notice one rising. Your natural instinct is to purchase this shooting star. Then it crashes and takes you with it in E seconds.
Third, never purchase peaks. If you can't resist the impulse to acquire a coin whose value is rising, at the very least, NEVER, EVER buy when the green line is close to vertical.
Fourth, trade against USDT currency pairs. This is not guaranteed, but when trading against ETH or BTC, there is natural volatility on both sides of the pair.
Fifth, trade coins in large quantities. The greater the trading volume, the more predictable the trends. When hunting for alt-coins, aim to discover those with a high trading volume.
Sixth, long-term coin fundamentals have no bearing on short-term trades. You'll meet a lot of XRP, XML, Cardano, Zerox, and other cryptocurrency fans.
Seventh, daily news IS IMPORTANT. I follow CCN and a few other crypto news outlets, and when a big story breaks, it affects coin value. A flurry of news stories boosted XRP from $2.60 to $4.68 two months ago.
The eighth point is that coin hype is nonsense. There will be a lot of buzz from long-term holders looking to increase the value of their coin. For example, Justin Sun and his army of TRX supporters are constantly blogging about why it's supposed to be fantastic.
Ninth, Ignore. The mainstream press reports about crypto crashes on a daily basis, instilling fear among traders, which leads to crashes.
Tenth, understand when to walk away. After a couple of hours of trading, you grow weary and your reflexes can go to shit.
#LearningOpportunity #earn #BTC!đ°
tip the userđ
I trade Binance and have earned and lost a lot of money in the last several months; here are my techniques (in random order).
First, purchase the dips. The issue is determining if it is a blip or a larger slump. Most cryptocurrencies have a daily natural peak and bottom.
Second, avoid chasing breakouts. So you're in the middle of your exchange, browsing trends - and BAM! You notice one rising. Your natural instinct is to purchase this shooting star. Then it crashes and takes you with it in E seconds.
Third, never purchase peaks. If you can't resist the impulse to acquire a coin whose value is rising, at the very least, NEVER, EVER buy when the green line is close to vertical.
Fourth, trade against USDT currency pairs. This is not guaranteed, but when trading against ETH or BTC, there is natural volatility on both sides of the pair.
Fifth, trade coins in large quantities. The greater the trading volume, the more predictable the trends. When hunting for alt-coins, aim to discover those with a high trading volume.
Sixth, long-term coin fundamentals have no bearing on short-term trades. You'll meet a lot of XRP, XML, Cardano, Zerox, and other cryptocurrency fans.
Seventh, daily news IS IMPORTANT. I follow CCN and a few other crypto news outlets, and when a big story breaks, it affects coin value. A flurry of news stories boosted XRP from $2.60 to $4.68 two months ago.
The eighth point is that coin hype is nonsense. There will be a lot of buzz from long-term holders looking to increase the value of their coin. For example, Justin Sun and his army of TRX supporters are constantly blogging about why it's supposed to be fantastic.
Ninth, Ignore. The mainstream press reports about crypto crashes on a daily basis, instilling fear among traders, which leads to crashes.
Tenth, understand when to walk away. After a couple of hours of trading, you grow weary and your reflexes can go to shit.
#LearningOpportunity #earn #BTC!đ°
tip the userđ
Taking Control of Our Lives: From Victims to Creators
In the journey of life, it's crucial to understand that we are the architects of our destinies, not mere bystanders or victims of circumstance. This shift in perspective empowers us to take charge of our lives and create the reality we desire.Rejecting the Blame GameBlaming external factors or individuals for our feelings and circumstances only reinforces a mindset of scarcity, perpetuating a cycle of lack. The Blame GameThis victim mentality can become a self-fulfilling prophecy, hindering our ability to attract abundance into our lives.The Power of FocusWhere attention goes, energy flows. By dwelling on scarcity and limitations, we inadvertently invite more of the same into our reality. The Power of FocusRedirecting our focus towards abundance and opportunity allows us to manifest positive outcomes.Conscious Awareness Leads to TransformationBecoming conscious of our subconscious thoughts, behaviors, and emotional responses is essential for effecting meaningful change in our lives. Conscious Awareness Leads to TransformationBy identifying and challenging limiting beliefs, we open ourselves up to new possibilities and experiences.Harnessing the Power of BeliefBeliefs serve as the foundation upon which we build our realities. The Power of BeliefBy adopting empowering beliefs, we can unlock greater success and abundance, both in life and within the realm of cryptocurrency.Empowering Beliefs in the Crypto Space1. Crypto: A Gateway to Wealth Creation: Recognizing cryptocurrency as a unique opportunity to amass significant wealth in a relatively short timeframe fuels a mindset of abundance and opportunity.2. Putting Money to Work: Viewing cash not as a static asset but as a means of exchange encourages us to invest wisely, allowing our money to grow and multiply over time.3. Questioning Fiat Currency: Understanding fiat currency's shortcomings as an economic model empowers us to seek alternative stores of value, such as cryptocurrencies, which offer greater stability and security.4. Embracing Stores of Value: Recognizing the enduring value of assets like gold and cryptocurrencies reinforces our commitment to preserving and growing our wealth over the long term.5. Seizing Early Opportunities: Believing in the vast potential of the crypto space and positioning ourselves as early adopters allows us to capitalize on future growth and innovation.6. Consistency Breeds Success: Adopting disciplined strategies like Dollar-Cost Averaging (DCA) enables us to navigate the volatility of the crypto market and achieve sustainable growth over time.7. Unlocking Financial Freedom: Embracing the mindset of abundance, coupled with patience and determination, empowers us to attain financial freedom through cryptocurrency investments.In conclusion, by acknowledging our role as creators of our realities and embracing empowering beliefs, we can chart a course towards greater abundance, fulfillment, and success, both in life and within the dynamic world of cryptocurrency.đȘ·$BTC $BNB $SOL #TrendingTopic #Write2Earn #BTC #learntoearn #LearningOpportunity
Should You Trade in BTC or USDT?
Step into the Ring: Understanding Altcoin & BTC PairsIn the exciting world of cryptocurrency, Bitcoin reigns supreme, but a vast universe of alternative coins, known as altcoins, beckons exploration. Today, we delve into the fascinating realm of altcoin & Bitcoin (BTC) pairs, comparing them to altcoin & Tether (USDT) pairs. Buckle up, crypto enthusiasts, as we unlock the potential of these dynamic duos!Find your Match:Locate an exchange offering your desired altcoin paired with BTC. Many popular exchange like Binance to boast diverse listings.Price Discovery:Observe the ETH/BTC exchange rate, indicating how much BTC you'll receive for your ETH. Remember, this price fluctuates constantly, reflecting market forces.Execute the Trade:Submit your trade order, specifying the amount of ETH you wish to sell and the minimum BTC you expect in return.Voila!Once the order fills, your ETH transforms into BTC, opening doors to further trades or withdrawals.Why Choose Altcoin & BTC Pairs? Direct BTC Exposure:Trading against BTC grants you exposure to Bitcoin's price movements, potentially amplifying your profits (or losses!). Wider Market Reach:BTC pairings often boast higher trading volume and liquidity compared to altcoin & USDT pairs, ensuring smoother trades. Reduced Fees:Some exchanges offer lower fees for BTC-denominated trades, saving you precious crypto pennies.The Alluring Altcoin & USDT Pair: A Different Dance PartnerNow, let's shift gears to altcoin & USDT pairs. Tether, a stablecoin pegged to the US dollar, provides a more stable trading environment:Price Stability:USDT's value remains relatively constant, shielding you from the inherent volatility of altcoins.Fiat Gateway:If you desire to convert your altcoins to fiat currency (USD, EUR, etc.), using a USDT pair simplifies the process.Entry Point for New Investors:USDT pairs offer a familiar entry point for investors accustomed to traditional fiat-based markets.But is USDT the "One True Pairing"? Limited Price Discovery:USDT pairs might not fully capture the altcoin's true price potential, potentially hindering significant gains. Indirect BTC Exposure:You miss out on potential BTC price movements, which could impact your overall returns. Higher Fees:USDT pairs often incur higher fees compared to BTC pairs, eating into your profits.So, Which Pair Reigns Supreme?The answer, like most things in crypto, depends on your individual goals and risk tolerance: For BTC enthusiasts seeking deeper market exposure and potential higher returns, altcoin & BTC pairs might be the perfect match. For risk-averse investors prioritizing stability and ease of conversion, altcoin & USDT pairs offer a steadier path.Embrace the Crypto Tango: A Final EncouragementThe world of altcoin & Bitcoin pairs, along with their USDT counterparts, presents a thrilling arena for exploration. Understanding the nuances of each pairing empowers you to make informed decisions, navigate market tides, and potentially chart your path to crypto success. So, delve into this dynamic dance, choose your partner wisely, and let the crypto tango begin!đȘ·$BTC #TradeNTell #Write2Earn #TradingAdvice $ALT #LearningOpportunity $ETH #learnforfeee
đ€ What is a Bitcoin ETF and how does it work?
đ ETF or exchange-traded funds, are a basket of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of mutual funds, stocks and bonds.Â
Like&Follow If you want to see more posts like this, and some tips and tricks mixed with economic psychology.
Disclaimer: This is a personal opinion and not a financial advice.
#BTC #Write2Earn #ETFsApproval #LearningOpportunity #Future
đ ETF or exchange-traded funds, are a basket of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of mutual funds, stocks and bonds.Â
Like&Follow If you want to see more posts like this, and some tips and tricks mixed with economic psychology.
Disclaimer: This is a personal opinion and not a financial advice.
#BTC #Write2Earn #ETFsApproval #LearningOpportunity #Future
Polygon [MATIC] Witnesses Surge in Developer Numbers
Polygon stands out as a network attracting a significant influx of new developers, even as MATIC puts the brakes on its upward momentum.Polygon's Developer SurgeIn the dynamic landscape of 2023, Polygon [MATIC] experienced a notable surge in developer engagement. How has this influx impacted the network's overall commit activity?Recent insights reveal that Polygon outshone other networks in attracting a higher number of developers over the past year. Surpassing all but Ethereum [ETH], it secured the second position in the new developer rankings.Despite its commendable developer growth, Polygon currently holds the 39th position with 4,409 GitHub commits. However, recent data indicates a decline in developer activity, with a notable decrease of 45.86% over the past week and a 43.87% reduction in commits compared to the previous month.Celsius Initiates MATIC MovementsAs the Polygon narrative unfolds, Celsius, a crypto lender facing financial challenges, continued its strategic movements involving MATIC holdings. How did the MATIC community respond to this development?Spot on Chain's recent update sheds light on Celsius's recent transfer of 25.75 million MATIC, equivalent to approximately $21.26 million, to two exchanges. This move signifies a continuation of Celsius's ongoing asset reallocations, initiated last year to fulfill client obligationsMATlC's Reaction and Market TrendsSantiment's data highlights a significant fluctuation in MATIC's trading volume. Initially surpassing $800 million on January 11th, the volume witnessed a decline, settling at around $313 million by January 17th. However, a recent update indicates a modest recovery, with the volume currently hovering around $444 million.Detailed analysis of the daily timeframe price chart unveils a notable reversal on January 17th, following earlier attempts to ascend. By the close of the trading day on January 17th, the price experienced a decline exceeding 4%, stabilizing at approximately $0.8As of the latest data, there is a slight uptick in the current trading value, standing at around $0.81. This reflects a marginal increase of approximately 0.5%, suggesting a nuanced market response to recent developments.#MATICAnalysis #trending2024 #trendingtoday #looz_crypto #LearningOpportunity
