If I send $1000 to one user, what will you do? Will you buy | Trade Terrance on Binance Square

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If I send $1000 to one user, what will you do?
Will you buy crypto?
Get a bike?
Buy a new smartphone?
Travel somewhere?
Buy a gift for your parents or girlfriend?
Only honest answer.
$SOL $BNB $ETH 

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📊 How to Select the RIGHT Coin for Futures Trading? 🚀 Futures trading offers incredible opportunities, but picking the right coin is key to maximizing profits and managing risk! Here's what to look for: * Liquidity is King 👑: Always prioritize coins with high trading volume and deep order books (e.g., BTC, ETH). This ensures you can enter and exit trades easily without significant slippage, especially with larger positions. Low-liquidity coins are prone to manipulation and sudden price swings. * Volatility for Opportunity (and Risk!) 📈: Volatility can be your friend in futures. Look for coins that show consistent price movement, but be mindful of the increased risk. Higher volatility means higher potential profits, but also higher potential losses. Match it with your risk appetite! * Trend is Your Friend 📊: Identify coins in clear uptrends or downtrends. Trading with the prevailing trend generally offers higher probabilities of success. Use technical analysis (moving averages, RSI, MACD) to confirm these trends on higher timeframes (4H, daily) before looking for entries on lower ones. * Fundamentals Matter (Even in Futures) 📰: While futures are often short-term, a basic understanding of the coin's fundamentals helps. Is there upcoming news, project developments, or a strong ecosystem that could influence its price? Stay informed! * Risk Management First! 🛡️: No matter the coin, always implement strict risk management. * Position Sizing: Never risk more than 1-2% of your capital on a single trade. * Stop-Loss Orders: Crucial for limiting potential losses and protecting your capital. * Leverage Wisely: Start with low leverage (2x-5x) especially as a beginner. High leverage amplifies both gains and losses. By combining these factors, you'll be better equipped to select suitable coins for your futures trading strategy. What are your go-to criteria for picking futures coins? Share in the comments! 👇 #FuturesTrading #BinanceSquare #TradingTips #RiskManagement $SOL $ETH $BTC

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How a New Trader Destroys Themselves in the Crypto Market The crypto market is a high-stakes arena where new traders often get burned. Here’s a concise breakdown of how they sabotage themselves, backed by data and insights: 1. Overleveraging : New traders chase quick gains using high leverage (e.g., 10x or 100x). Binance’s 2023 liquidation data shows 80% of liquidations occur with leverage above 5x. Borrowing heavily amplifies losses, wiping out accounts when prices swing. 2. No Risk Management : Many skip stop-loss orders or position sizing. A 2022 CoinGecko survey found 60% of retail traders don’t use stop-losses, leading to catastrophic losses during volatile dumps (e.g., Bitcoin’s 20% drop in May 2021). 3. FOMO-Driven Trades : Newbies buy at peaks driven by hype (e.g., memecoins like SHIB). X posts from 2024 show traders lamenting buying DOGE at $0.40 only to see it crash to $0.15. Chasing pumps without research is a recipe for disaster. 4. Ignoring Fundamentals : New traders often ignore project fundamentals, trading based on tweets or TikTok hype. A 2023 Messari report noted 70% of altcoins with no utility crashed over 90% from their highs. 5. Emotional Trading : Greed and panic drive impulsive decisions. A 2024 Binance user survey revealed 65% of new traders sold at a loss during dips due to fear, missing recoveries like Bitcoin’s rally from $30K to $60K in 2023. 6.. Blind Trust in Influencers : Following random calls from social media instead of doing proper research (DYOR) leads to heavy losses How to Avoid the Trap : - Use low leverage (1-3x) or trade spot. - Set stop-losses and risk only 1-2% per trade. - Research projects on CoinMarketCap or Messari. - Stick to a plan, ignore FOMO, and trade with logic. Start small, use 2x–3x leverage max, always use stop-loss, and learn before you earn.💪 $ADA $XRP $BNB

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🔥 TODAY: #Shopify rolls out $USDC payments via MetaMask, powered by #Coinbase.

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🚨BREAKING: Cardano founder Charles Hoskinson proposes creating a $100M #Bitcoin & #DeFi investment fund using $ADA from the Cardano Foundation’s treasury. #Cardano #CharlesHoskimson $ADA $BTC #DeFi

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🇪🇺 BIG: #Gemini and #Coinbase are set to secure EU-wide licenses under MiCA, per Reuters. #Europe #License

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