Where does my money go after being liquidated, and why is it beneficial for whales to trigger your liquidation price? For example, if I have $1k and I open a long trade on $BTC , then get liquidated, who ultimately benefits from my liquidation?
KEY EVENTS THIS WEEK: Monday May 13: 🇪🇺 European Commission economic forecasts 🇺🇸 USA - inflation expectations (May) 🇨🇭 Head of the Swiss National Bank Tuesday May 14: 🇯🇵 Japan - Producer Price Index (PPI) (Apr) 🇩🇪 Germany - Consumer Price Index (CPI) (Apr) 🇨🇭 Switzerland - Producer Price Index (PPI) (Apr) 🇩🇪 Germany - ZEW Economic Sentiment (May) 🇪🇺 Eurozone - ZEW Economic Sentiment (May) 🛢 OPEC monthly oil market report 🇺🇸 USA - Producer Price Index (PPI) (Apr) 🇺🇸 Powell 🇦🇷 Argentina - Consumer Price Index (CPI) (Apr) 🛢 USA crude oil inventories (API) Wednesday May 15: 🇭🇰 Hong Kong - No trading - The Birthday of the Buddha 🇨🇳 China - 1-year MLF rate 🛢 International Energy Agency monthly oil report 🇪🇺 Eurozone - GDP (Q1 preliminary) 🇺🇸 USA - Consumer Price Index (CPI) (Apr) 🇺🇸 USA - NY Empire State Manufacturing Index (May) 🇺🇸 USA - Retail Sales (Apr) 🛢 USA crude oil inventories (EIA) 🇷🇺 Russia - GDP (Q1 preliminary) Thursday May 16: 🇯🇵 Japan - GDP (Q1 preliminary) 🇪🇺 European Central Bank financial stability report 🇬🇧 Bank of England financial stability report 🇺🇸 USA - Initial Jobless Claims 🇺🇸 USA - Housing Starts (Apr) 🇺🇸 USA - Philadelphia Fed Manufacturing Index (May) 🇺🇸 USA - Industrial Production (Apr) 🛢 USA natural gas inventories (EIA) Friday May 17: 🇨🇳 China - Industrial Production (Apr) 🇭🇰 Hong Kong - GDP (Q1 preliminary) 🇪🇺 Eurozone - Consumer Price Index (CPI) (Apr) 🇺🇸 USA - Leading Economic Indicators (Apr) 🇷🇺 Russia - Consumer Price Index (CPI) (Apr) 🛢 Oil and gas drilling - Baker Hughes
Last week Binance and KuCoin has obtain FIU-IND approval, marking a milestone in Indian crypto regulation. KuCoin pays $41,000 penalty as Binance awaits fine determination amid compliance proceedings. The return of the exchanges to India signals the growing acceptance of cryptocurrencies in India’s regulatory framework.#Binance #Web3 #CryptoExchange
Many individuals enter in crypto to find a solution to their miseries.
The very first thought is that "I will be rich soon" without realizing that crypto is also the fastest way "to get poor".
99% crypto in this space operate like a company that has a:
* Founder
* Employees
* BD Team
* VC invested in it
* Competition
* Product life cycle
* A share (token) to be issued to public
The biggest advantage these companies find in crypto is that get a market (equivalent to stock exchange) from day-1.
These crypto markets (stock exchange) list them without doing a due diligence. The standard they follow are of their own.
Influencers are like TV AD for these companies.
99% people who enter this space believe everything to be same like (Bitcoin, Doge, Pepe, L1s, L2s) and they fill their bag with garbage.
63% crypto investors in India hold more Altcoins then Bitcoin. You know why?
One of the major reason is that:
Altcoins have a good marketers like companies listed on stock exchanges have a marketing team.
This shows that crypto community in India lack:
* Minimum basic understanding of the difference between Bitcoin and crypto.
* "papa kehte hain bada naam karega" moment. Crypto will help me to create that name!
All those who are giving valuable time of their life in making the community understand the basic difference and risk associated with crypto deserve a pat at their back!
Education in crypto space is very underrated but trust me it is one of the most important thing in crypto!!