Edmond22

Hey, everyone!
So, I’ve been trying out Binance’s “Copy, Automate & Trade” challenge over the past few days, and I have to say—it’s been a mix of fun, learning, and a few surprises! If you’re into crypto trading and haven’t checked it out yet, you’re honestly missing out.
Here’s What Got Me Interested
I saw this campaign on Binance Square and thought, “Why not?” The idea of automating trades and trying out new strategies without spending hours glued to charts sounded perfect. Plus, there’s a chance to win up to 20 FDUSD for sharing my experience—definitely a bonus!
My Experience So Far
I started small, trading pairs like BTC/USDT and BNB/USDT (gotta keep it safe, right?). To make things easier, I used Binance’s recurring buys and limit orders. It felt great to have some of the work done for me while still being in control.
Not every trade has been a win (rookie mistakes happen), but the challenge has pushed me to understand the market better. I’m learning, tweaking my approach, and figuring out what works best for me. Honestly, the process has been more rewarding than I expected.
Why You Should Join
This isn’t just about profits—it’s about improving as a trader. You get to explore features, share strategies, and learn from others in the community. Plus, if you share your experience with #BinanceSpotTrading, you might snag some rewards along the way.

If you’re already participating, I’d love to hear how it’s going for you. What strategies are working? Let’s trade, learn, and grow together.

That’s it from me. Time to go check on my trades! 😉

#BinanceSpotTrading

“Funds are safu” is a popular crypto meme symbolizing the safety of funds in any project. The expression supposedly originated thanks to the Binance Secure Asset Fund for Users (SAFU), which insures traders.

In the midst of a crypto crisis, if you hold reliable assets, you can safely write “funds are safu!”

And it’s also a playful reference to the Asian pronunciation of the word safe.

The market wants to eat you all up... 😯

ㅤ

The U.S. debt ceiling has been successfully raised until January 2025. Which means the DOF is turning on the pump that will most likely take liquidity out of the financial system.

🔵 The way it works is this:

Raising government debt = printing more bonds. Money from other markets will flow there, because U.S. bonds are the safest asset to save capital when things start to go awry in the world, hehe.

🔵 Last December 2021 national debt hike led to a collapse in the markets. Yes, the market was rising then, inflation, etc., but the principle is exactly the same. Plus the Fed keeps clearing the balance sheet and rates are high. That is, there is no positive right now except rising unemployment.

🔵 But it used to be so good (it wasn't).

The hamster thoughts that raising the ceiling, would lead to the legalization of crypto in Hong Kong - didn't come true. There has been no reaction.

🟢 What to do?

If you already have assets - don't sweat it, keep them for the long term. If you don't, buy only the fundamental mints. Also advise to do retrodrops while you have time and commission price is down to 20 gwei.

Gary Gensler has started to play his game seriously. This could be a narrative for a reversal. But as long as no one is scared of us yet, we need something more powerful than this circus :)

Today’s post covers arguably the most important crypto term in the industry: “DYOR,” which stands for “do your own research.”

This acronym is a call to anyone who’s considering investing in a particular crypto project to take the time to conduct a thorough assessment of the project.

The term “DYOR” gained popularity during the initial coin offering (ICO) craze from 2016 to 2018, which became a breeding ground for scammers, leading to many investors losing money.

When you “do your own research,” you’re effectively protecting yourself from potential scams because as you dig deeper into the fundamentals of a project, you’ll uncover all the necessary signs to either invest or avoid the project altogether.

The crypto industry is adept at offering tantalizing projects in which to invest; however, if you make DYOR your No. 1 priority, you’re bound to protect yourself from scams, and you might find those hidden gems.

Another helpful tip: Be careful when using public WiFi networks or computers, as they may be vulnerable to hacker attacks.

If you are in a cafe and decide to make several crypto transactions, your personal information could be compromised. Through public WiFi networks, attackers can easily steal your data, including passwords, bank details, and personal information.

Sometimes, they launch their own access points to the free internet for these purposes.

Therefore, only conduct your crypto transactions exclusively through reliable internet service providers.

Bloomberg recently conducted a survey on individuals' preferred methods of safeguarding their money in the event of a U.S. default. While gold emerged as the most popular choice, the second and third positions revealed an intriguing outcome💰

➡️ Investing in bonds from a defaulted country carries significant risk, but there is a prevailing belief that the default would be temporary and primarily technical. Consequently, many individuals opted to purchase discounted Treasury securities📊

➡️ Remarkably, #BTC claimed the third spot, surpassing the dollar in popularity due to the interest of retail investors. The leading cryptocurrency has demonstrated its ability to serve as a protective asset during bank collapses, and a default scenario shares similar characteristics

Major players (whales) employ tactics to profit by trapping regular users (hamsters). But how does this work?

Let's take the meme-coin Pepe as an example:

1️⃣ Pepe lists on #Binance at its peak value. Why?

2️⃣ This generates trading volumes, enabling whales to sell their Pepe tokens. Other exchanges lack sufficient liquidity. Binance's listing attracts attention and liquidity.

3️⃣ Futures contracts are launched.

Futures contracts deliver the asset at an agreed price and time. The buyer must repurchase the subject.

Now, visualize the profits from these actions:

4️⃣ Whales enter futures and leverage short positions.

5️⃣ They sell their Pepe tokens on Binance.

What's gained?

Simultaneous short positions and disposal of holdings. Imagine the potential profits!

✅ Dispose of holdings.

✅ Profit from short selling.

Do you grasp the concept? Selling holdings while ensuring a profitable short position.

Ingenious! That's it.

Leave a 🔥 and follow if you're interested in such schemes too.