A crypto search idea with short-term upside?!
Basic questions to form ideas:😉
1. Why does Binance's earn function only have a few cryptos? In particular, APR interest rates vary greatly between cryptocurrencies and between locking cycles (flexible/ 30 days/ 60 days/ 90 days). 😅
***Inference: The house rule never loses (Binance). Crypto has an APR that is much higher than the APR of bank deposits, which means that Binance is predicting (or analyzing statistics) that the price has increased and is likely to have a large adjustment, so it accepts a high APR. Senders on earn get high APR but reduced price risk. From there, it is possible to filter low APR crypto lists, the possibility of price increases in the short term is quite certain
2. Square: where a lot of people discuss crypto. Filtered crypto-related posts can be easily filtered.
3. Volume. Prerequisite factor when deciding to choose crypto trade. Minimum 24h volume is 200 millions. Ensure liquidity to take profit or stop loss

So, the idea is simple:
- Filter out Cryptos on Earn that have much lower APR than the average
- Continue filtering crypto with high volume, over 200m
- Filter information on square, make sure there are many users still recommending that crypto, make sure that crypto is not "dead" or set a reasonable profit-taking price
- Short-term expected profit should only be a maximum of 5% within a maximum period of 30 days.

⭐⭐⭐I have implemented the above idea several times and made a profit #FTM #gmx

People can contribute more or browse
Many thanks

Where is funding rate recorded?!
#fundingrate #BNBUSDT #Futures

Clear information:
- Funding rate is usually positive. Traders with long positions will pay traders with short positions. Conversely, the funding rate will usually be negative when the market is bearish and traders with short positions will pay traders with long positions.

So, every day, which wallet is this portion of money received or payable recorded or extracted from?!
Is this amount automatically calculated into profit and loss on open positions on Future or increase/decrease in breakeven price?!

According to the funding data figure below, the investment is about 4700 USD (x2), yielding 283 USD in 30 days, equivalent to 3% on the open position of 9400 USD. This profit level is very high if understood as the amount received daily (as shown). You should study carefully.

Senior traders can please guide and explain in detail. Thank you very much

Questions corner!!! @Binance Customer Support
What is the safest method to deposit a large amount of money (> 50,000 USD) into Binance? lowest cost?
Reason or justification for the above election.
#BNB‬ #scam

Altcoin season or Launchpool really doesn't happen and returns are negative in the long term.

Investment results from December 2023 - May 2024
- Negative profit group from 20%-50%: ALT ARB PIXEL AI TROY MANTA

- Initial reward pool from BNB Stake: ENA SAGA

The altcoin group has strong price fluctuations and high potential profit margins, but it means that if you buy at the wrong price at the wrong time, you will have to hold for a long time or have poor margins and even lose a lot. Altcoin is a game reserved for sharks or credit institutions, developers or exchanges?!

There is no altcoin season, individual investors should avoid trading and try to hold long-term when losing.

#EarnFreeCrypto2024 #Write&Earn #Altcoinseason2024

What is the most beneficial and safest way to deposit money into your Binance account?! 🤔🤔🤔 #TradeCoinVN @Binance Customer Support
Two problems when trading crypto on Binance cause more anxiety and risk than options for trading stocks or depositing money in banks.
1. The difference between the USDT purchase price and the USD to fiat currency ratio at the bank is too large. The difference is up to 5%?!
Specifically: USD/VND = 24,785. Buying USD with VND at any method is over 26,000. Equivalent to actual difference of up to 5%.
So, why did I immediately incur a 5% loss when depositing into my account?! If you reason backwards, when you sell (withdraw money), you will gain 5%. But in reality, the amount of money deposited to buy/sell crypto from the beginning already has 100% of its value, so making a profit from crypto to compensate is more difficult.
2. Any deposit transactions are not protected by local laws. P2P transactions cannot mention crypto or anything like that. Ask the question, if a withdrawal transaction but the depositor intentionally provides information to crypto, how will the withdrawer be affected?!

The above two issues greatly affect the investment amount and investment term for trading on Binance. Especially deciding to average DCA price when you are losing money.
#BNB‬ #scam
Hope everyone can discuss more.

The safest futures trading strategy?!
The lowest risk corresponds to a reasonable PNL, but one cannot expect to double or triple account value quickly.
1. Only buy (long): because expectations for the crypto industry are still very high.
2. Isolated, x2 (margin): required. According to the principle of lowest risk. X2 causes low funding rate pressure.
3. Coin: only coin with transaction volume > 500m. 50% value for cryptocurrency exchange/trading platforms, 50% other remaining coins. Simply put, whether the price of BTC or any coin increases or decreases, trading platforms still benefit the most when there are many traders.
4. DCA. When the risk method is lowest, the coin is the best but the price still drops, apply average price buying. Principle: use idle money every month to buy at low prices, absolutely do not borrow or increase leverage, which will break the principle of lowest risk.
This strategy is better than spot buying because you can invest at least double the initial capital. The risk of price falling, causing negative profits, but you can still hold long-term to buy on average at low prices and wait for long-term expectations to be met. Reason: funding rate is low (due to only x2), in a downtrend, many traders will sell (short) a lot, leading to the funding rate often being negative, meaning the short side has to pay a fee to the long side. The pressure to endure losses will be reduced, and even profits will be achieved thanks to the funding rate.
I'm not sure the above trading strategy is correct and effective. I just happened to trade the above way for a long time (1 year) and discovered the low risk involved. As a result, PNL in 2023 will reach 150% reliably and without wasting time on daily trading.
Hope everyone shares and contributes more advice
#BNB🔥 #FutureTradding #fundingrate

#MyFirstSquarePost Hello, Binance Square!#BNB!