🚨Recently, my best friend asked me, after seeing my daily profit, "I'm planning to invest all my earnings from my job into crypto!" This is a grave mistake and one of the quickest ways to squander your hard-earned money, leaving you with no savings.Investing a portion of your income in crypto and stocks is wise.
However, never invest all or even most of your earnings in crypto. The cryptocurrency market is highly volatile; while it offers the potential for significant gains, it also carries the risk of substantial losses. Putting most of your earnings into crypto can lead to emotional decision-making and financial distress.During the last bull market, I saw many people invest excessively in crypto and lose between 3 to 12 months' salary.
They often sold at the worst times and bought at the best times. To avoid this fate, be cautious and balanced in your investment approach.Some might disagree, believing in the invincibility of crypto and dismissing long-term risks. Don't follow this ideological thinking. Instead, invest wisely, take profits, and exit the market. You'll thank me when the next cycle comes around.This is my opinion. Thank you for reading. If you found this helpful, please like, comment, share, and subscribe. Your support is appreciated, and tips are welcome as they help me continue educating about the crypto market. Thank you to those who contribute.#Write2Earn! #BinanceTurns7 #SOFR_Spike #BullBanter #altcoinsbanter
In Pakistan, People's are encountered three P2P forward disputes on Binance, not due to buyer complaints, but because their accounts were blocked, which in turn led to my account being blocked. Each dispute had common factors: the buyers engaged in deals outside of Binance, received payments from others, bought USDT from me, and then sold it at a higher rate elsewhere.In all three cases, the buyers were new and made transactions outside of Binance. They negotiated deals, received money from third parties, purchased USDT from me, and sold it without securing proof or sources of funds from those they transacted with. Subsequently, the original senders of the funds filed fraud complaints against the buyers, resulting in the buyers' accounts being blocked and subsequently my account as well. In one dispute, after investigation, the payment was credited to my account as one buyer settled with the sender. However, in the remaining two cases, the buyers did not settle, and I had to reverse the payments for the disputed transactions.Binance implements robust security measures for merchants, but many users try to buy USDT from Binance and sell it outside the platform. To ensure safer transactions when selling on Binance P2P, always obtain a video statement and the buyer's mobile number. The CNIC is less valuable in these cases. A video statement provides more substantial evidence of a legitimate transaction. Alternatively, record a video of their transaction history from the last 24 hours. If the payment is received in their account, request the CNIC of the person who sent the funds, or cancel the trade. This approach is safer and helps to avoid disputes.Taking these precautions will help protect your account and ensure more secure transactions on Binance P2P. It is crucial to stay vigilant and ensure all necessary evidence is collected to avoid the complications I experienced.#Write2Earn! #BinanceTurns7 #BinanceTournament #BullBanter #SOFR_Spike
📉💎 $BTC Analysis:Bitcoin recently hit $63,700, approaching our target of $64,800. Despite a bullish market trend, we anticipate a significant drop driven by large investors. Expect a decline to the $59,500 - $61,700 range and potentially below $54,500 within the next 6 days. 📉 💥 Why This Matters 💥
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#MyFirstSquarePost Hello, Binance Square! Total Crypto Market 24H Liquidation:
🔴LONGS: $87.32M 🟢SHORTS: $125.25MA
total of 68,361 traders got liquidated, resulting in total liquidations amounting to $212.56M. Notably, the largest single liquidation order, valued at $5.42M, occurred on Binance for #BTC/USDT.$