Crypto_Skull

#Crypto_Skull

Which is best for your Crypto, centralized or decentralized exchanges ?

Choosing the right exchange depends on your experience level and needs. It's solely up to you which you prefer or choose.
Some traders may benefit from using both types to leverage their strengths.

Centralized cryptocurrency exchanges (CEXs) are online platforms acting as intermediaries for buyers and sellers, with transactions managed by a central organization. These centralized exchanges keep and safeguard user funds, manage user accounts and facilitate trading by storing digital assets on behalf of clients.
High liquidity is a significant benefit of centralized exchanges, enabling large trades to be executed swiftly and efficiently. Quick transaction speeds and user friendly interfaces make trading accessible, effectively enhancing the user experience.
However, users give up custody of their assets, losing control over wallet keys as the exchange holds the assets. This lack of control can pose major security risks.
Additionally, centralized exchanges are susceptible to security breaches, leaving users vulnerable to hacks and posing risks for those prioritizing security and privacy.

Decentralized cryptocurrency exchanges (dex's) use a non-custodial blockchain system to facilitate peer to peer transactions without intermediaries. Unlike cex's, dex's enable users to maintain control of their assets, leveraging blockchain and smart contracts to automate trades.
Users maintain control over their private keys and funds, enhancing security and reducing risks of exchange failures. A decentralized crypto exchange empowers users by providing a platform that eliminates the need for third-party involvement.
Despite their advantages, decentralized exchanges face challenges. They generally have lower liquidity compared to centralized exchanges, leading to price volatility and difficulty executing larger trades.
Users must also have technical knowledge, such as familiarity with blockchain technology and managing private keys, to navigate these platforms effectively.

#CEXvsDEX101

#Crypto_Skull

Yet another exciting activity by Binance 😁

#Crypto_Skull

In my opinion, now is a good time to acquire $SEI

A strong project with a strong community, ranking no 78.
Buying the dip through Spot trading now, just makes sence.

Use these volatile times to create future opportunities for yourself. Do intensive research, stick to the top 200 and you'll find them.
Don't gamble your money on trading methods like Futures trading, especially now, it's simply not worth the risk.

#SEİ
#Binance

#Crypto_Skull

Do you want to be successful in Crypto trading or are you just one of those that's on an emotional Crypto roller-coaster ride, following trends blindly?

To achieve real results, first and foremost, before starting to trade in Crypto, it is crucial that one establish a trading strategy and plan that alligns with your goals, preferences, risk tolerance and capabilities.

Most trading plans fall under one of the following trading types,

Day Trading
Day trading involves entering and exiting trades on the same day. A day trader closes all positions by the end of the trading day. No 'nightmare' surprises when you wake up.

Swing Trading
Swing trading focuses more on longer term trends in the markets. Positions can be held for days or even up to several weeks. The goal is to identify undervalued assets that are just beginning to see an increase in buying momentum and upward price movement. The swing trader looks to get into the asset as it trends higher, and then sell at a later date for a profit.

Position Trading
Position trading is a long-term strategy in which positions are generally held for months at a time to capture a long term price trend in an asset. Position traders may not strictly be hodlers, but they are similar to investors given their long-term horizon. Position traders are most concerned with long term trends in the price of an asset.
It is also a good strategy for beginners.

Scalping
Scalping is confined to very short, well timed trades. Scalpers might look to make many smaller profits by getting into and out of trades in a matter of minutes, or even seconds. They use technical analysis almost exclusively, and can also use more advanced techniques like arbitrage and exploiting bid-ask spreads. Because of the short time frame, the profit on each trade is small, therefore scalpers make dozens of trades a day. 
Automated Scalping systems can be in and out of trades in seconds and place hundreds of trades daily.
Scalping is in no way suitable for beginner traders!

#TradingTypes101

#Crypto_Skull

Markets go down, then they go up, then they go down again and then they go up again, that's what markets do.

$SOL along with $BNSOL shows strong resistance, buy the significant dips, do so gradually and follow the dip.

If you bought high, hold and instead of selling, buy the significant dips. This way you reduce your average coin/token cost, enabling you to narrow the gap, leading to quicker profit taking, when $SOL starts recovering

Solana is strong, it always gets back up to the top.

When markets drop it create countless opportunities, don't allow drama and 'negative' market trends to derail you.

#SolanaStrong
#BNSOLUSDT
#SpotTrading.