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Position Management and Skills for Contracts, once understood, ordinary people can also turn the tide in the cryptocurrency market!!
1. Control position Because only by reasonably controlling the position can you have a stable opportunity for profit, otherwise, your account will only end in failure. Generally, invest 10% of your funds in the market. If your account funds are only $10,000, then each time you enter a trade, it is $1,000, regardless of whether it is long or short! In a favorable market situation, if the entry order is profitable, the stop-loss position is the opening price, and no matter how confident you are in the market, do not take too heavy a position. If the entry order is at a loss, never increase your position against the market unless you have hundreds of billions in funds to support it.
If you plan to trade cryptocurrencies for a living, these eight iron rules are worth pondering repeatedly! I've been in the crypto space for 7 years, and these eight iron rules are something I read every day before entering the market, helping me avoid major drops time and time again. Today, I share them with friends who may find them enlightening! 1. When entering the market, do not only look at the cryptocurrency K-line 'trend', especially for short-term trading where you also need to look at the 30-minute K-line. At the same time, the overall market must be stabilizing and resonating before you can enter. For example, sometimes you see a K-line with a long upper shadow and feel there is no opportunity, but the next day it pulls back with a strong rise or even hits the limit. If you look at the 30-minute K-line, you'll see the intriguing part.
2. If the trend and order are not right, taking another look is a mistake. You must go with the trend, and the order of rising cannot be disrupted.
3. If short-term trading is not in hotspots or potential hotspots, it is better not to trade at all.
4. Abandon all impulsive entries. Trade your plan, plan your trade.
5. Anyone's views or opinions are merely references; you should have your own thoughtful consideration and serious analysis.
6. First lock in the direction before selecting a coin. If the direction is right, the effort is half; if the direction is wrong, the effort is doubled.
7. Enter coins that are currently rising. Guessing the bottom is a big taboo; you always feel a rebound is imminent, only to face an ultimate shakeout. Stock prices always move towards the direction of 'small resistance levels', entering a coin that is currently rising means choosing a direction with little resistance.
8. After making a big profit or a big loss, empty your positions and re-examine the market and yourself. Clarify the reasons for the big profit or big loss, and then act when it is not too late.
The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors participating in the cryptocurrency market should fully understand the related risks, remain calm and rational, and adopt a prudent strategy to respond to market changes!
Is trading just gambling? Position management is very important! Many friends casually use 10/20/50 times leverage! Even 100 times, the money just deposited can get liquidated in one night! There are two types of people who use high leverage: First: those who like to gamble big with a small amount, essentially betting everything! Second: there are also newcomers who don’t know how to operate or plan their positions, and before they even start trading, they end up finishing!
When trading, position management is crucial to maximize the efficiency of funds, and also to mitigate personal risk. How to manage positions scientifically in trading? Flexible use of funds: for example, if you want to open a position of 10,000 USDT, you can use 1,000 USDT with 10 times leverage, or 500 USDT with 20 times leverage. Set stop-loss at 1%-3%, using 10% of funds to seek 100% returns, with losses still under control. If you use 10,000 with 10 times or 20 times leverage... A single market movement can sweep you away, with no margin for error, no trial-and-error capital, it's easy to lose everything and have a distorted mindset! Using high leverage to borrow several times the amount of your own capital for speculative actions, liquidation is common, while making money is rare. If you want to trade, first understand the basics, like leverage multiples and funding rates. If you know nothing and get liquidated, you can’t blame the tool for harming you.
So it’s essential to plan your positions reasonably!
The cryptocurrency market is full of uncertainty and challenges, but it also holds potential opportunities. Investors should fully understand the related risks when participating in cryptocurrency investments, stay calm and rational, and respond to market changes with a prudent strategy!
If you are in a losing position in futures, and you want to turn losses into profits, you need to read this article carefully to avoid detours!
Follow these six points to ensure you can make a profit!! One: Learn to take profits and cut losses The market changes rapidly, and you must learn to take profits and cut losses. It's not too difficult to say; taking profits controls your greed. A cryptocurrency won't rise endlessly, nor will it fall continuously; there are cycles. Therefore, taking profits becomes especially important. Don't always worry about closing too early and missing out on future profits! You must remember that the money in the crypto world is never-ending, but the money in your account can be lost completely.
Can ordinary people achieve success through cryptocurrency trading? It's hard for ordinary people to succeed in anything. However, there are more opportunities in the crypto world compared to traditional markets. This sector is less competitive than others, thus providing opportunities for ordinary people. But that doesn't mean you can achieve great results in this market without hard work. You spent ten years in school to earn a maximum of 100,000 by working for a year, so why do you think you can earn a million in a year without reading any trading-related books?
When the market is bad, don't try to forcefully make money from it; those who think this way often end up losing. If you didn't make money during a bull market, why would you expect to recover when there's no market? Forcing profits can be fatal. When you see a good hand, be bold enough to bet; discard bad hands without hesitation. Don't be anxious; wait for your opportunity and the right sector. As long as you have capital, isn't it hard to turn things around? Blockchain is a cruel mirror of the real world, as well as a forest of opportunities. If you didn't earn the desired profits during a market wave, it's better to forget the early gains. Trading is about making big money; frequent small trades are exhausting and petty. You won't achieve great success from small transactions. Those who truly achieve greatness have vision, perspective, patience, and timing—each is essential. If you encounter the right timing but lack perspective, that's just a waste!
The cryptocurrency market is filled with uncertainty and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the associated risks, remain calm and rational, and adopt a prudent strategy to respond to market changes!
In the cryptocurrency world, many people holding coins often give up before a bullish market, with the core reason being numerous distractions, among which market interference is the most fatal.
When seeing other cryptocurrencies rising while their own remains stagnant, many people easily become anxious, doubtful, and start gathering information everywhere. However, in the cryptocurrency world, most people are 'talking about pictures':
• Projects that are declining are said to be about to run away • Projects that are rising are praised as having limitless prospects
When checking online, negative information floods in, easily leading to self 'cutting losses'.
Holding onto coins is not easy, especially in this era of overwhelming short videos, where many have become digital slaves. What's even more frightening is that even when knowing the truth, they are unwilling to face and change it.
As the entertainment aspect of the cryptocurrency world intensifies, more and more people are mingling instinctively and emotionally, ultimately falling into their emotions. It is almost impossible to escape this influence.
Therefore, reading is crucial; only through reading can one break free from the 'chives' and not be 'enslaved', striving for a chance to survive in the market.
There are no shortcuts in the cryptocurrency world; long-term holding is the only way to survive. Extend the timeline and do not be blinded by the present. Those who do not plan for the long term are not worthy of planning for the moment.
The trends in the cryptocurrency world are full of uncertainty and challenges, but they also contain potential opportunities. Investors participating in cryptocurrency investments should fully understand the associated risks, remain calm and rational, and respond to market changes with a steady strategy! #Cryptocurrency #加密货币
If you made 20 million from trading cryptocurrency and now want to sell it at the exchange for RMB - my suggestion is to find (Fu Lu Shou)
You searched through countless U merchant advertisements and finally chose a U merchant that looked decent for the transaction. The U merchant transferred into your account via Alipay, WeChat, or bank card, you confirmed the transaction was completed, and 1 million USDT arrived in the U merchant's account.
In this process, the exchange acts as a guarantor and temporarily locks your USDT. Once the merchant completes the payment and you confirm the information, the exchange will release the funds. There should be no problems throughout the process; the only issue that might occur is... The 1 million that the merchant sent you has black capital! This is a link in your cash-out process that you cannot escape no matter what. How can you confirm that the merchant's funds are okay?
In the cryptocurrency world, there are various ways to play. Let me talk to you about a few common ones that are easy to understand! Newbies should learn quickly!! 1. Accumulating Coins This is simple: after buying the coins, just leave them alone and wait for them to gradually rise. Half a year, a year, or even longer, patience will yield good returns. But the difficulty lies in the fact that many people want to sell when they see a rise,
and panic when they see a drop, making it hard to hold long-term. Therefore, while accumulating coins seems simple, it actually tests your patience.
2. Chasing Up and Selling Down in a Bull Market In a bull market, play with some spare cash, don’t invest too much, within one-fifth is fine. Look for cryptocurrencies with moderate market capitalization, when one rises, switch to another that is falling, and keep cycling. Even if you get stuck, you can still break free in a bull market. But remember, the coins you choose should not be too poor; you need to be careful with this strategy. 3. Sand Timer Strategy in a Bull Market In a bull market, funds flow like sand through an hourglass, slowly moving into various coins. Start with large coins, when the leaders rise, switch to mainstream coins, when mainstream coins rise, switch to niche coins, and so forth. Follow the market rhythm for guaranteed profits. 4. Pyramid Bottom Buying When predicting a major drop, use a pyramid-style buying method to buy the bottom. The lower the price, the more you buy, which lowers the cost and risk. When the market rebounds, you will reap substantial profits. 5. Aggressive Coin Accumulation Find high-quality coins you are familiar with, use liquid funds to make price differences, buy low and sell high, and accumulate coins with the profits. This way, the more you accumulate, the higher your returns. 6. ICO Compounding Participate in new coin releases, and after the price rises several times, take back the principal and continue to invest the profit into the next ICO. This cycle continues, leaving the principal untouched while letting the profit snowball. 7. Aggressive Investment in Small Coins Take ten thousand yuan, split it into ten parts, and buy ten small coins. They are low-priced but have great potential. Sell when the price rises three to five times, and even if you get stuck, don’t panic; fish for big catches with a long line. Take back the principal when you make money, and continue investing in the next small coin for great compounding effect. Preemptively position yourself for potential coins, like + comment, and keep up with my rhythm to make a fortune in this bull market!
The cryptocurrency market is filled with uncertainties and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, stay calm and rational, and respond to market changes with a sound strategy!
Advice for Newcomers to the Crypto World! Avoid Pitfalls in the Crypto Space! Carefully read to avoid unnecessary detours!!
1. Do not invest in small cryptocurrencies. Most small cryptocurrencies are just schemes, and they can drop to zero, with declines of over 99%. Avoid those with small market caps that you have never heard of; choose mainstream cryptocurrencies instead.
2. Do not have overly high expectations. The era of tenfold or hundredfold returns is over. Now, major institutions and elites are entering the market, and large profits are no longer available. Achieving a double return is already quite good; if a newcomer can avoid losses, they have already outperformed over 90% of people.
3. Do not store money in unknown wallets. For large amounts, it is recommended to use wallets, as exchanges also carry risks. Even small wallets can have the risk of scams.
4. Do not engage in ultra-short-term trading. The fluctuations in the crypto market are significant; it is common for Bitcoin to drop 20% in a day, and altcoins can halve in value. Short-term trading is very hard to control, so hold onto the cryptocurrencies you own.
5. Set stop-loss and take-profit levels. Set targets for yourself; if the price drops to a certain level, exit decisively. If it rises to a certain level, sell without worrying about how much it might increase afterward. Many people lose in a bull market simply because they do not take profits in time.
6. Do not invest all your funds in the crypto market. The risks are too high, and there are risks involved in both depositing and withdrawing funds. It is advisable to use your spare money or a small amount to practice in the crypto market first. 7. Keep learning continuously. People cannot earn money beyond their understanding. Even if you make a lot of money initially, if your understanding does not improve, you will quickly lose it back, and you may end up with heavy losses. Keep learning to enhance your understanding.
The crypto market is full of uncertainties and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in crypto investments, remain calm and rational, and respond to market changes with a sound strategy!!!
If you are trading contracts, spot, or swing trading, remember the following points!
1. Trading contracts is about risking a small amount for the chance of a large reward. Experiencing losses is normal, but after a stop loss, there are two types of people: some will frantically open positions after a stop loss, while others will enter a cooling-off period. My advice is if you encounter frequent stop losses, you should calm down, temporarily stop trading, and adjust your strategy!
2. Don’t rush to achieve results; trading is not a means to get rich overnight. When you face losses in trading, maintain a calm mindset, don’t rush to open positions, and especially don’t go all in with heavy positions.
3. It is important to recognize the overall trend. When you see a one-sided market through the price action, you should go with the trend and not trade against it. Trading against the trend is the root of losses. Whether you are a beginner or an experienced trader, there is a habit of trading against the trend. However, once the market trend is established, trading against it often leads to severe losses. Therefore, we must learn to go with the trend and patiently wait for opportunities to trade.
4. You must manage your risk-reward ratio well; otherwise, it will be hard to make money. Let profits be greater than losses as much as possible, and at least achieve a ratio of 2:1 for opening positions.
5. Frequent trading is a major taboo in contracts. If you are not an expert in contracts, you must restrain the impulse to open positions blindly, especially for novice traders who are filled with enthusiasm for the market and want to seize every opportunity. However, most so-called opportunities will lead to losses.
6. Do not hold onto losing positions; holding onto contracts is a major taboo, especially for newcomers. You must set stop losses properly; holding onto positions is the beginning of a downward spiral. Once again, I remind you not to hold onto positions.
If you feel confused due to market fluctuations and don’t know how to deal with being stuck, or if you feel misled during the trading process.
USDT transfer lost $36,880: a painful lesson for cryptocurrency!
Beginners must be cautious when getting started, and carelessness can lead to loss
Just today, my friend suffered a loss of $36,880 when transferring USDT. This incident sounded a wake-up call for all cryptocurrency players: in this circle, every step cannot be taken lightly.
Wrong transfer My friend originally planned to transfer $36,880 USDT from KuCoin to his business partner's OKX wallet. The partner provided an ERC20 network address, and he thought everything was going well. However, when setting up, he accidentally selected the Polygon network, and he didn't realize it. After one-click confirmation, the money was deducted from the account, but it didn't enter the partner's wallet. Multiple attempts to recover failed because OKX's wallet address does not support deposits on the Polygon network, resulting in the USDT being wasted.
Lessons learned 1. Network mismatch: The target address should have used the ERC20 network, but the funds were transferred to the Polygon network. 2. Unreversible transfers: Unlike bank transfers, cryptocurrency transfers cannot be reversed once confirmed, and mistakes can only be made.
Tips to avoid repeating the same mistakes:
1. Check wallet address: Check the receiving address and designated network carefully, don't be bothered.
2. Ensure network compatibility: Confirm that the selected network is compatible with the recipient's network to avoid mistakes.
3. Before making a large transfer, conduct a small test: first send a small "exploratory" payment, and then make a large transfer after confirming that everything is correct.
The cryptocurrency industry is the only one that can accommodate the financial needs of all levels. Anything can be accepted
At the top: Federal Reserve, small country governments US President Trump, Russia's Putin, President Bubu of El Salvador. Snowden, richest man Musk Grayscale, BlackRock
At the bottom: Meitu, MicroStrategy. Dolls, Killing the Wolf, Jingxiang Scammers, speculators, miners, every group of cryptocurrency holders The beggars among the scammers, (Newbie Classroom)
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The market this time, riding on the knife handed over by Powell, should be the most brutal cleansing before the rapid completion of the imitation bull market.
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