Newbies
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Have you heard of DCA or Dollar-Cost Average?
This approach is said to be ideal for beginners, those who want to minimize risk, those with a small tolerance for the market's high volatility, small investors, and long-term investors, like those wishing to have a retirment fund.
What is DCA about?
The idea is for you to invest the same amount of money regularly paced. For example, let´s say to have 50 USD spare cash each month. As soon as you cash your paycheck, you buy 50 USD worth of your crypto of preference. You do that every month.
How does it work?
Easy peasy. Today 1 Solana is worth USD 137. Your 50 USD buy 0.36 Sol.
When you get your paycheck in May, 1 Solana is 250 USD. Your 50 buy 0.2 Sol
In June Solana is 122. You buy 0.40.
By the end of June you have 0.96 Sol bought at an average price of USD 169.
What´s so great about that?, you may ask. After all, if I buy at 122 I would get 1.22 Sol.
You're absolutely right. But, do you know when the price will plumet? Do you know when it is likely to go up? Do you have the time to constantly monitor the market so you don't miss the jackpot? Do you have the time and willingness to read the news constantly to try and anticipate a major change? Would you know how some event might impact the crypto world? Are you willing to spend hours learning how to read candlestick charts? Are you emotionally prepared to see your investment lose a half of its value for weeks at a time? That's what traders and brokers do. They have huge earnings, but huge loses too.
So, you can't anticipate when Sol is going to be 1232and when 250. Imagine you see your favorite crypto going down for hours. You want to buy more, but what is the price you want to pay? 200? Ok, you buy at 200 and then it ends up going down to 122. What if you wait till it gets lower than that, and then rises rapidly to 250 before you can buy? Bitcoin reached 60,000 yesterday and stayed there for less than 2 hours. those things happen.
What Dollar Cost Average does for you is make sure in the long run you are not buying at the highest prices. This approach yields more modest gains in comparison with good trades , though.So it is up to you to decide whether it is for you or not. Do your own research. If you want to read more, this is a good place to start: https://bitpay.com/blog/dollar-cost-averaging-crypto/
If you found this information useful, please hit the Like button. Thanks!
#Write2Earn #beginners #Newbies #newmembers #Dollarcostaverage
This approach is said to be ideal for beginners, those who want to minimize risk, those with a small tolerance for the market's high volatility, small investors, and long-term investors, like those wishing to have a retirment fund.
What is DCA about?
The idea is for you to invest the same amount of money regularly paced. For example, let´s say to have 50 USD spare cash each month. As soon as you cash your paycheck, you buy 50 USD worth of your crypto of preference. You do that every month.
How does it work?
Easy peasy. Today 1 Solana is worth USD 137. Your 50 USD buy 0.36 Sol.
When you get your paycheck in May, 1 Solana is 250 USD. Your 50 buy 0.2 Sol
In June Solana is 122. You buy 0.40.
By the end of June you have 0.96 Sol bought at an average price of USD 169.
What´s so great about that?, you may ask. After all, if I buy at 122 I would get 1.22 Sol.
You're absolutely right. But, do you know when the price will plumet? Do you know when it is likely to go up? Do you have the time to constantly monitor the market so you don't miss the jackpot? Do you have the time and willingness to read the news constantly to try and anticipate a major change? Would you know how some event might impact the crypto world? Are you willing to spend hours learning how to read candlestick charts? Are you emotionally prepared to see your investment lose a half of its value for weeks at a time? That's what traders and brokers do. They have huge earnings, but huge loses too.
So, you can't anticipate when Sol is going to be 1232and when 250. Imagine you see your favorite crypto going down for hours. You want to buy more, but what is the price you want to pay? 200? Ok, you buy at 200 and then it ends up going down to 122. What if you wait till it gets lower than that, and then rises rapidly to 250 before you can buy? Bitcoin reached 60,000 yesterday and stayed there for less than 2 hours. those things happen.
What Dollar Cost Average does for you is make sure in the long run you are not buying at the highest prices. This approach yields more modest gains in comparison with good trades , though.So it is up to you to decide whether it is for you or not. Do your own research. If you want to read more, this is a good place to start: https://bitpay.com/blog/dollar-cost-averaging-crypto/
If you found this information useful, please hit the Like button. Thanks!
#Write2Earn #beginners #Newbies #newmembers #Dollarcostaverage
#Newbies
I am so excited to be a part of cryptic experience 😀
how do I make 100usd in One week with my 50usd Start up?
I hope this is achievable😦
#good suggestions is valid.
I am so excited to be a part of cryptic experience 😀
how do I make 100usd in One week with my 50usd Start up?
I hope this is achievable😦
#good suggestions is valid.
Binance Launchpool Welcomes Ether.Fi's Exciting Token Release
Ether.Fi to Launch New Token on Binance Launchpool:チャンス到来！ (Chansu ga Kita! - Opportunity is Here!)
Ether.Fi, a hot new project in the crypto world, is launching its token, ETHFI, on Binance Launchpool next week! This is exciting news for crypto enthusiasts looking to get involved in innovative projects early on.
In this LocademiaCripto guide, we will delve into the key questions about this project. Remember, if you need a comprehensive understanding of what ETHFI is, I have published a guide on the subject. Click on my profile, then navigate to articles, and you'll find the guide there :)
What is Ether.Fi?
Ether.Fi is a type of liquid staking protocol. Imagine you have some Ethereum $ETH , the popular cryptocurrency. Normally, staking your ETH to help secure a network can be a bit complicated. Liquid staking protocols like Ether.Fi aim to make things easier. They allow you to stake your ETH and still have access to it in a more flexible way.
Read more #educational info: ETHFI ... WHAT?
What is Binance Launchpool?
Binance Launchpool is a feature on the Binance exchange that lets you earn new crypto tokens. You "stake" your existing crypto holdings (like Binance Coin (BNB) or FDUSD and in return, you receive rewards in the new token being launched. It's a great way to be among the first to get hold of a new project's tokens.
If you are from #Newbies group, you should start from the bottom. Consider making a small investment in BNB or the stablecoin FDUSD to participate in the launchpool. The risk is the lowest in the market... I will discuss the risks shortly.
What's the Deal with ETHFI?
There will be a total of 1 billion ETHFI tokens ever created.20 million ETHFI (2% of the total) will be rewarded through Binance Launchpool.There will initially be 115.2 million ETHFI circulating (11.5% of the total).
What are the Risks?
While Ether.Fi sounds promising, it's important to remember that all crypto investments involve some risk. Liquid staking can offer additional benefits, but it may also come with slightly higher risks than traditional staking methods.
Many people tell me that it's not right to recommend participating in launchpools because we would be suggesting buying a volatile coin that could decrease in price, as is the case with the cryptocurrency BNB. It might be priced at "x" now, but in the next few minutes, it could be more (or less). No one knows the future! However, it's also possible to participate in launchpools with non-volatile coins, such as FDUSD, which is a cryptocurrency tied to the value of the American dollar. Binance allows direct and commission-free conversion in trading between FDUSD and USDT, enabling users to switch between FDUSD quickly and at a lower cost. It's essential to note that 1 FDUSD is not identical to 1 USDT; there's always a tiny price difference due to the market's supply and demand dynamics.
Ready to Dive In?
The launch of ETHFI on Binance Launchpool is a chance to get involved with a new and exciting project in the crypto space. Do your OWN research, understand the risks involved, and if you're comfortable, Binance Launchpool provides a way to stake your existing crypto and potentially earn rewards in the new ETHFI token.
Not sure about all the crypto jargon? No problem! Let me know if you have any questions and I'll be happy to explain things in a simpler way. But please, remember this: 😊 LocademiaCripto is a solo effort, powered by one individual's dedication. Your outpouring of appreciation is deeply acknowledged.
Please consider showing some love by following and sharing! No strings attached, just spreading the crypto vibes! #TrendingTopic
🙌 This information is for informational and educational purposes only. It does not constitute investment advice.
Ether.Fi, a hot new project in the crypto world, is launching its token, ETHFI, on Binance Launchpool next week! This is exciting news for crypto enthusiasts looking to get involved in innovative projects early on.
In this LocademiaCripto guide, we will delve into the key questions about this project. Remember, if you need a comprehensive understanding of what ETHFI is, I have published a guide on the subject. Click on my profile, then navigate to articles, and you'll find the guide there :)
What is Ether.Fi?
Ether.Fi is a type of liquid staking protocol. Imagine you have some Ethereum $ETH , the popular cryptocurrency. Normally, staking your ETH to help secure a network can be a bit complicated. Liquid staking protocols like Ether.Fi aim to make things easier. They allow you to stake your ETH and still have access to it in a more flexible way.
Read more #educational info: ETHFI ... WHAT?
What is Binance Launchpool?
Binance Launchpool is a feature on the Binance exchange that lets you earn new crypto tokens. You "stake" your existing crypto holdings (like Binance Coin (BNB) or FDUSD and in return, you receive rewards in the new token being launched. It's a great way to be among the first to get hold of a new project's tokens.
If you are from #Newbies group, you should start from the bottom. Consider making a small investment in BNB or the stablecoin FDUSD to participate in the launchpool. The risk is the lowest in the market... I will discuss the risks shortly.
What's the Deal with ETHFI?
There will be a total of 1 billion ETHFI tokens ever created.20 million ETHFI (2% of the total) will be rewarded through Binance Launchpool.There will initially be 115.2 million ETHFI circulating (11.5% of the total).
What are the Risks?
While Ether.Fi sounds promising, it's important to remember that all crypto investments involve some risk. Liquid staking can offer additional benefits, but it may also come with slightly higher risks than traditional staking methods.
Many people tell me that it's not right to recommend participating in launchpools because we would be suggesting buying a volatile coin that could decrease in price, as is the case with the cryptocurrency BNB. It might be priced at "x" now, but in the next few minutes, it could be more (or less). No one knows the future! However, it's also possible to participate in launchpools with non-volatile coins, such as FDUSD, which is a cryptocurrency tied to the value of the American dollar. Binance allows direct and commission-free conversion in trading between FDUSD and USDT, enabling users to switch between FDUSD quickly and at a lower cost. It's essential to note that 1 FDUSD is not identical to 1 USDT; there's always a tiny price difference due to the market's supply and demand dynamics.
Ready to Dive In?
The launch of ETHFI on Binance Launchpool is a chance to get involved with a new and exciting project in the crypto space. Do your OWN research, understand the risks involved, and if you're comfortable, Binance Launchpool provides a way to stake your existing crypto and potentially earn rewards in the new ETHFI token.
Not sure about all the crypto jargon? No problem! Let me know if you have any questions and I'll be happy to explain things in a simpler way. But please, remember this: 😊 LocademiaCripto is a solo effort, powered by one individual's dedication. Your outpouring of appreciation is deeply acknowledged.
Please consider showing some love by following and sharing! No strings attached, just spreading the crypto vibes! #TrendingTopic
🙌 This information is for informational and educational purposes only. It does not constitute investment advice.
Stop learning the hard way. Get crypto knowledge first then trade. Or you will end up loosing and quitting
#Newbies
#Newbies
Retracement before the drop 💧, institutional volumes are massive, retracement to ~69k then we go to support 60k.
short term ; quick bull (retracement phase)
mid term : bear (position sizing average sells)
long term : bull (Retest at resistance)
Newbies : Do not fomo into the market
#PerspectiveIsEverything #Bitcoin❗️ #BitcoinHalvingTrends #Newbies #Write2Earrn
short term ; quick bull (retracement phase)
mid term : bear (position sizing average sells)
long term : bull (Retest at resistance)
Newbies : Do not fomo into the market
#PerspectiveIsEverything #Bitcoin❗️ #BitcoinHalvingTrends #Newbies #Write2Earrn
Earn FREE Crypto While You Learn!
Crypto curious? Binance explains what cryptocurrency is & how it works in a beginner-friendly guide. Get started on your crypto journey today by clicking on the link below to learn more!
What you need to know about Cryptocurrency!
#CryptocurrencyAlert #Newbies #Sylvana
Crypto curious? Binance explains what cryptocurrency is & how it works in a beginner-friendly guide. Get started on your crypto journey today by clicking on the link below to learn more!
What you need to know about Cryptocurrency!
#CryptocurrencyAlert #Newbies #Sylvana
#Newbies HOW TO KNOW WHICH COIN TO INVEST
Straight to the point. Use 80 facts and 20% guts. There is no absolute “how” to know which coin to invest in.
But, there is hope. Be abreast with latest news and in which particular industry. Example, these days the use of Artificial Intelligence (Ai) seems to be on the rise. This means you may have to read news on which aspect of Ai seems to be patronised more. It spans from equipments, programming, games, projects and who uses automation and in what season? Researching on these could inform you which crypto coin is related to what you research on. Analyse yourself and use that 20% guts to buy your chosen coin and keep monitoring the news. You never know. He who dares, wins.
I will break this down in my subsequent posts. If you find this interesting, hit the follow button and ask any question on crypto in the comments below.
Bottomline, hold on to your assets and read current news before deciding to trade.$BTC i got my eyes on #SPELL/USDT
Straight to the point. Use 80 facts and 20% guts. There is no absolute “how” to know which coin to invest in.
But, there is hope. Be abreast with latest news and in which particular industry. Example, these days the use of Artificial Intelligence (Ai) seems to be on the rise. This means you may have to read news on which aspect of Ai seems to be patronised more. It spans from equipments, programming, games, projects and who uses automation and in what season? Researching on these could inform you which crypto coin is related to what you research on. Analyse yourself and use that 20% guts to buy your chosen coin and keep monitoring the news. You never know. He who dares, wins.
I will break this down in my subsequent posts. If you find this interesting, hit the follow button and ask any question on crypto in the comments below.
Bottomline, hold on to your assets and read current news before deciding to trade.$BTC i got my eyes on #SPELL/USDT
To All new traders out there,
I know it is more often hesitative decision whether i should go for my first trade myself or wait. Please first things you should keep in your mind never give your money to someone you don't know personally. I know greed makes one to take such decisions but remember 99/100 are scammers.
It would be a lot more productive id you learn how to trade yourself. Basic concept of trading is at the end of each trade closed..you are on the profit side.
#Newbies #learntoearn
I know it is more often hesitative decision whether i should go for my first trade myself or wait. Please first things you should keep in your mind never give your money to someone you don't know personally. I know greed makes one to take such decisions but remember 99/100 are scammers.
It would be a lot more productive id you learn how to trade yourself. Basic concept of trading is at the end of each trade closed..you are on the profit side.
#Newbies #learntoearn
Crash course in Bitcoinology
Alright, listen up, you are surely one of the #Newbies ! If you're new to the crypto scene, it's high time you start paying homage to the OG of the game - Bitcoin. It's like learning the ABCs before you dive into Shakespeare, ya know what I mean? So buckle up, buttercup, 'cause we're about to take a crash course in Bitcoinology! 🚀
I'll give you a little statistics and history:
Whoa, $BTC was at $16,500 on January 1, 2023!Can you believe it? By January 1, 2024, $BTC had shot up to $42,000!Crazy, right? March 14, 2024, saw $BTC hitting $70,000.
What's the deal with $BTC being over $70,000?
Right now, there's about 19.6 million BTC out there. If we multiply that by 70,000, we get a whopping $1.372 trillion market cap for $BTC . That's some serious cash!
Is $1.4 trillion a lot?
With that value, Bitcoin becomes the eighth-largest asset in the world, even beating out silver ! If we split up all the $BTC among everyone on the planet, each person would get around $170. And if you wanted to spend that kind of money over 50 years, you'd have to fork out nearly $77 million every single day.
📊 So, what happened last time $BTC hit a new all-time high?
Back in December 2020, $BTC broke its previous ATH of $20,000, set three years earlier.
👉 22 days later, the price doubled.
👉 67 days later, it tripled.
Can you believe just last month we were partying over hitting $50,000?
Wild, huh?
WELCOME TO THE JUNGLE ! Crypto Jungle ! 🚀
___
#BTC #HotTrends
I'll give you a little statistics and history:
Whoa, $BTC was at $16,500 on January 1, 2023!Can you believe it? By January 1, 2024, $BTC had shot up to $42,000!Crazy, right? March 14, 2024, saw $BTC hitting $70,000.
What's the deal with $BTC being over $70,000?
Right now, there's about 19.6 million BTC out there. If we multiply that by 70,000, we get a whopping $1.372 trillion market cap for $BTC . That's some serious cash!
Is $1.4 trillion a lot?
With that value, Bitcoin becomes the eighth-largest asset in the world, even beating out silver ! If we split up all the $BTC among everyone on the planet, each person would get around $170. And if you wanted to spend that kind of money over 50 years, you'd have to fork out nearly $77 million every single day.
📊 So, what happened last time $BTC hit a new all-time high?
Back in December 2020, $BTC broke its previous ATH of $20,000, set three years earlier.
👉 22 days later, the price doubled.
👉 67 days later, it tripled.
Can you believe just last month we were partying over hitting $50,000?
Wild, huh?
WELCOME TO THE JUNGLE ! Crypto Jungle ! 🚀
___
#BTC #HotTrends
Hello Binance! I am a new trader. Do you have any suggestions on how I can grow my portfolio, what to learn, and how to become a consistent and profitable trader?
#Newbies #ProfitableTrade #EthereumInvestment
#Newbies #ProfitableTrade #EthereumInvestment
I never thought i could be this emotional, since your indictment by the US court I have lost the passion and zeal for crypto. I am just struggling to remain here. I wish I have the powers, I would have waved all the protocol. Meanwhile, I wish you safe vindication and a bright future. I love your person @#CZAndBinanceForLife . You will remain a great motivation and inspiration to me and all upcoming crypto investors #Newbies
Hey, Newbies!
Have you been farming OMNI?
you still have time to get some free #OMNILAUNCHPOOL #newmembers #Newbies #write2earn🌐💹
Have you been farming OMNI?
you still have time to get some free #OMNILAUNCHPOOL #newmembers #Newbies #write2earn🌐💹
Tic Tac, Tic Tac, On March 18th at exactly 12:00 PM (UTC), Binance will kick off trading for ETHFI, and... I know, there's a lot of hype. This means that ETHer.fi will be listed on Binance at 12:00 PM (UTC) on March 18th.
HOW do you get it? You MUST wait until 12 PM (UTC). You cannot get it outside of Binance. Do not be scammed!
If you're part of the #Newbies crew, I know you're itching to buy the cryptocurrency as soon as it's out to sell it for a big profit! Woo-hoo! But hey, be cautious, mastering volatility is key.
Cryptocurrency launches are a big deal on your journey to mastering this type of investment. There will be anxiety... if you're on your phone, I wouldn't recommend trading. One wrong move of the finger or choosing the wrong option can lead to failure (and losing money). In the psychology of novice traders, losses hit harder than the wallet.
What's expected price at 12pm UTC ?
I've also been asked about the listing price for ETHFI on Binance. By correlating #AEVOTrading with the known data and knowing it was listed at $1, I could project that #ETHFI might list above $5... but remember, this is just a rough estimate, and the actual price can vary depending on various market factors at the time of launch.
HOW do you get it? You MUST wait until 12 PM (UTC). You cannot get it outside of Binance. Do not be scammed!
If you're part of the #Newbies crew, I know you're itching to buy the cryptocurrency as soon as it's out to sell it for a big profit! Woo-hoo! But hey, be cautious, mastering volatility is key.
Cryptocurrency launches are a big deal on your journey to mastering this type of investment. There will be anxiety... if you're on your phone, I wouldn't recommend trading. One wrong move of the finger or choosing the wrong option can lead to failure (and losing money). In the psychology of novice traders, losses hit harder than the wallet.
What's expected price at 12pm UTC ?
I've also been asked about the listing price for ETHFI on Binance. By correlating #AEVOTrading with the known data and knowing it was listed at $1, I could project that #ETHFI might list above $5... but remember, this is just a rough estimate, and the actual price can vary depending on various market factors at the time of launch.
Launchpool? It's done, bye bye #Launchpool
If you manually allocated $BNB and/or $FDUSD to the event, now 100% of your cryptocurrencies are in SPOT. You have BNB and/or FDUSD sitting in your spot wallet doing nothing. Both of them, you can allocate them to Binance Earn to put them to work and earn #PassiveIncome . Do it as soon as you read this, don't put it off for later!
You'll also have the brand new crypto #ETHFI in your spot wallet, which currently worths $ ZERO. That means right now, you can't sell it (or buy it). You can't do ANYTHING with it! Don't get nervous! Be patient!
🚀 On March 18th, at 12 PM (UTC), ETHFI will appear in the spot trading options, allowing you to trade. 🔥 That's when the cryptocurrency will have value, allowing you to sell (and also buy more).
If you manually allocated $BNB and/or $FDUSD to the event, now 100% of your cryptocurrencies are in SPOT. You have BNB and/or FDUSD sitting in your spot wallet doing nothing. Both of them, you can allocate them to Binance Earn to put them to work and earn #PassiveIncome . Do it as soon as you read this, don't put it off for later!
You'll also have the brand new crypto #ETHFI in your spot wallet, which currently worths $ ZERO. That means right now, you can't sell it (or buy it). You can't do ANYTHING with it! Don't get nervous! Be patient!
🚀 On March 18th, at 12 PM (UTC), ETHFI will appear in the spot trading options, allowing you to trade. 🔥 That's when the cryptocurrency will have value, allowing you to sell (and also buy more).
Crypto Newbie's Guide: Avoid Hype, Learn TA
Went from crypto newbie to $2000 by following price movements. Then, disaster struck – analyst predictions! Every. Single. Time. Lost money. Here's the truth:
Forget analyst hype, it's a clickbait game.
Most have hidden agendas, shilling their own investments.
Crypto's young, even the best can't predict the future.
Here's the real deal:
Learn basic Technical Analysis (TA). Charts and price movements tell the real story.
Do your own research! Project, team, market trends – know what you're investing in.
Be skeptical. Question everything, analysts are not fortune tellers.
Don't be a hype victim. Get informed, learn TA, follow price action, invest responsibly. Crypto can be awesome, but be smart about it!
P.S. Ditch the analyst gurus, become your own crypto master!
#analyssis #Newbies #Warning
Went from crypto newbie to $2000 by following price movements. Then, disaster struck – analyst predictions! Every. Single. Time. Lost money. Here's the truth:
Forget analyst hype, it's a clickbait game.
Most have hidden agendas, shilling their own investments.
Crypto's young, even the best can't predict the future.
Here's the real deal:
Learn basic Technical Analysis (TA). Charts and price movements tell the real story.
Do your own research! Project, team, market trends – know what you're investing in.
Be skeptical. Question everything, analysts are not fortune tellers.
Don't be a hype victim. Get informed, learn TA, follow price action, invest responsibly. Crypto can be awesome, but be smart about it!
P.S. Ditch the analyst gurus, become your own crypto master!
#analyssis #Newbies #Warning
Advise for #Newbies in crypto market don't get panic if market is down if you don't have patience to hold you can't get profit. wait for the coin to go up keep an eye on volume increase and decrease. Don't indulge in greed take your profit n move. if you hold too long and too short in both cases you will lose.
$BTC $ETH $BNB
$BTC $ETH $BNB
starting crypto trading with 0.07$ on #1000SATS #firstpost #challenges
let's see how much we can make 🙈.
can we make 1 usd ? what u guys think?
#Newbies $1000SATS
let's see how much we can make 🙈.
can we make 1 usd ? what u guys think?
#Newbies $1000SATS
USTC/USDT SPIKES +300% WITHIN 24 HOURS. SHOULD YOU TRADE NOW?
#USTC/USDT #newlistings #Newbies
USTC/USDT has indeed made an outstanding +300% pump in the past few hours. Why?
HERE IS THE BACKGROUND STORY
USTC is the initials of Terra Classic USD that was launched in September 2020, originally called USDT. It made a significant performance but later crashed so hard in 2022. This great loss perhaps was a disguised blessing for its sister coin LUNA. It’s been a year now since USTC crashed thus it’s massive comeback may not be surprising after all.
Nonetheless as a new trader for either Spot or Futures, the picture in this article marked yellow is your cue. The figures next to “You” is always the actual price you should look at before trading. That is, the numbers in grey colour is the actual price for you to look at.
In addition, you could sometimes use some info on Binance as your cue. Example
Arrow 1 near the green numbers in the picture are the traders buying and arrow 2 near the red numbers are those selling. Sometimes the last numbers on both sell and buy can show the direction of the chart candles. The larger the amount is on the sell side, the steeper the candle falls hence the price decrease. Vice versa.
In this picture you see the long green candles at the time of this post? it means more are buying while few are selling thus scarcity sets in. This makes the price of the coin higher. As to whether you should buy or not depends on your research and analysis. Trade wisely.
More lessons coming. Cheers to USTC for its comeback🌹🌹🌹
Follow, share and comment if you like more fro this post.
#USTC/USDT #newlistings #Newbies
USTC/USDT has indeed made an outstanding +300% pump in the past few hours. Why?
HERE IS THE BACKGROUND STORY
USTC is the initials of Terra Classic USD that was launched in September 2020, originally called USDT. It made a significant performance but later crashed so hard in 2022. This great loss perhaps was a disguised blessing for its sister coin LUNA. It’s been a year now since USTC crashed thus it’s massive comeback may not be surprising after all.
Nonetheless as a new trader for either Spot or Futures, the picture in this article marked yellow is your cue. The figures next to “You” is always the actual price you should look at before trading. That is, the numbers in grey colour is the actual price for you to look at.
In addition, you could sometimes use some info on Binance as your cue. Example
Arrow 1 near the green numbers in the picture are the traders buying and arrow 2 near the red numbers are those selling. Sometimes the last numbers on both sell and buy can show the direction of the chart candles. The larger the amount is on the sell side, the steeper the candle falls hence the price decrease. Vice versa.
In this picture you see the long green candles at the time of this post? it means more are buying while few are selling thus scarcity sets in. This makes the price of the coin higher. As to whether you should buy or not depends on your research and analysis. Trade wisely.
More lessons coming. Cheers to USTC for its comeback🌹🌹🌹
Follow, share and comment if you like more fro this post.