Hello crypto heads 🔥 Was action packed day, many losses ev | extr3me on Binance Square

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Bullish

Hello crypto heads 🔥Was action packed day, many losses everywhere.
Total 106.88m$ were wiped out both longs and shorts.
Big announcement from Binance today as well.
Binance Blockchain Week conference is coming to Istanbul, Turkey on November 8 and 9, 2023. 🔥🚀
#BTC #ETH

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Greetings 🔥 February news and up and coming. - FED still keep it unchanged 5,50%. That's great news for market, but there's a catch. Hints of not cut in March so it's mixed how were going to proceeds. - Bitcoin heldt strong at 42k support, still in range perhaps 44k are coming back in near future? - US NFP coming up 2th February. Key numbers 187k, previously 216k. If this is bullish we could spark a new up momentum. - Core CPI 13th will also have a more clear way of what direction were going to go. - 23th Bitcoin Future Expiration, often volatile day can go both ways, stay safe.

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I've started a journey a year ago and wanted to try do 1k$ challenge to 10k$. Now I'm up 15k$, my trading has been much better overall and understanding macro helps a lot in this "game". Mindset, realistic goals, patience are just few keywords. It's a marathon not a sprint, if you would get rich quick go buy a lottery ticket 😁 First I spot trade few coins back a year ago, went up nicely after some patience, later I added the profits to ETH when it was 1150$ ish. Sold at 1800$. Later I have been playing with $MATIC , and ever since I have been stuck with trading with $BTC $ETH . It's been a great path of learning within trading, how I handle stress (came handy both trading and in life). Would recommend people to start lower capital, learn while doing, and last but not least I wish you all good trading and thanks for reading. #BTC #ETH

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What are the benefits of DeFi? 🔽 🔸 Real-time transactions and increased transparency Interest rates on DeFi are updated several times a minute 🔸 Increased overview of transactions with account activity that can be noted publicly and verified by other users 🔸 Save money with low transaction costs and other traditional costs and fees in financial services 🔸 Receive interest faster compared to traditional financial institutions, such as banks, which provide these on a monthly basis 🔸 Store peer smart contracts between parties on a public database on the blockchain that is only closed when the terms of the digital agreement are met 🔸 Programmed smart contracts that ensure automatic execution of terms and conditions. The agreement can, for example, be programmed so that it will automatically release the security when the conditions for the contract are met 🔸 Build your programs in DeFi as it is open source. Users who want to review and edit the source's code do not need special approval. What are the disadvantages of DeFi? 🔽 🔸 The fear that funds will be lost or locked in the system 🔸 Hacking is a serious threat, as sophisticated hackers can discover the weaknesses and break into the system 🔸Errors in the system can occur if there are bugs or error codes in the blockchain's programming 🔸 To secure your account, unique codes are required as private keys, which means that you can lose access to your money if you lose it 🔸 Falling values of crypto assets used as collateral may result in position being liquidated2 #DeFiChallenge #FutureofDeFi

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What are the benefits and disadvantages of DeFi could it be more useful in the future?

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September are the worst month when it comes to financial system. Are we going down to 20-22k again? lower? No ones knows, but from charts and data it seems to be bearish for sure. Could be manipulated so Greyscale comes in with ETF in October? 🤔 It were postponed to mid October ish. If so, time to DCA and chill this month and watch out for "Uptober" 💎😁

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