After more than 6 years in the financial markets, especially the crypto market, from the big highs to the harsh crashes, I realized that your biggest advantage is not in finding the next rising coin... but in avoiding these six mistakes that silently kill 90% of traders.
The 6 most important mistakes every cryptocurrency trader should avoid:
The only ones who truly benefited from this course are the project owners and platforms, while the only victim is the trader, unfortunately. In fact, currency owners agree to exploit the trader (or "milk him") instead of striving for the currency's success itself. The typical scenario:
Bull market period: quantities are being dumped. Further decline: pumping continues in favor of large investors.
Simply put, the market liquidity itself is not newly created; it is only recycled from our pockets to theirs.
May God relieve us and you, and may He grant us sustenance with goodness, all of us, God willing.
After patience, there is only relief, God willing.
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#btc $btc Possible scenario if negativity continues in Bitcoin This is the scenario I do not want to see happen, but it is possible if we do not maintain the current area and it is important that we do not lose the 86 thousand area
Therefore, I will have in front of me if negativity is confirmed; until now, it has not been confirmed of course We have a clear flag pattern which is negative if we lose support at the 86 thousand area
The positive is breaking through the 94 thousand area
• Cryptocurrency: $bnb • Year of creation: 2017 • Founder: Changpeng Zhao (CZ) and the Binance team • Country of founders: Originally from China, with a global team later
▎Project Overview:
BNB is considered the primary token for the Binance platform, used for fee payments, obtaining discounts, and also as gas on the BNB Chain network.
▎Features:
• Strong real-world usage: BNB has multiple practical applications, enhancing its value in the market. • Periodic token burns: Periodic token burns are executed, contributing to reducing supply and increasing value. • Wide ecosystem: The BNB Chain network includes a variety of applications and services, strengthening its position in the cryptocurrency world.
▎Disadvantages:
• Heavy reliance on a single company: BNB relies heavily on the Binance platform, increasing associated risks. • Criticism regarding centralization: The currency faces criticism due to its centralized nature, affecting the confidence of some investors. • Regulatory risks: Binance faces increasing regulatory risks at the exchange level, which may impact the currency's future.
▎Audit and Review:
Parts of the ecosystem have been audited by firms such as CertiK, but the chain itself relies on sporadic internal and external reviews.
▎Important Notes:
BNB is considered a deflationary currency, with a quarter of the targeted supply being burned over time. It is noteworthy that the BNB Chain network suffered a major hacking attack in October 2022, with approximately $570 million stolen, leading to a temporary halt of the chain.
To enter the Word of the Day page, click on the word more on the homepage ↔️ then activities and rewards ↔️ then Word of the Day. See the image 👆 #dr_chart_mazen #Binance Earn #SeedTag #BinanceAcademy
"Learn and Earn"? The "Learn and Earn" service is an educational program offered by Binance aimed at teaching new and experienced users the concepts of cryptocurrencies and blockchain technology through interactive lessons. After completing the lessons and successfully answering the quizzes, participants receive rewards such as free cryptocurrencies.
I started with $5000, but the main thing that led me to results is not the deposit, but the strategy. I built a system where each trade has a goal, risk, logic, and a clear exit plan. No emotions, only calculations. Thanks to this, my month is closed at $110 654. In trading, it's not the size of the capital that matters, but the ability to follow your strategy even when the market is pushing. #dr_chart_mazen
Digital Currency: $xrp Year of Creation: 2012 Founders of the Currency: Jed McCaleb, Arthur Britto, Chris Larsen Country of Founders: United States of America
▎Project Overview:
XRP is part of the RippleNet network, designed to be a fast and efficient payment platform targeting banks and money transfer companies. Ripple aims to enhance the speed and efficiency of cross-border financial transfers, facilitating global financial operations.
▎Features:
• High Speed: Transactions are characterized by their quick execution, reducing the time needed to make transfers. • Minimal Fees: Ripple offers very low transaction fees, making it an attractive option for financial institutions. • Targeted at Financial Institutions: XRP is designed to meet the needs of banks and transfer companies, enhancing its use in the financial sector.
▎Disadvantages:
• Criticism of Centralization: Ripple faces criticism regarding the nature of its centralization, as it is considered that control of the currency is somewhat centralized. • Regulatory Issues: Ripple is facing legal challenges, most notably the lawsuit filed by the U.S. Securities and Exchange Commission (SEC), which has affected its reputation in the market.
▎Audit and Transparency:
The code for XRP is open and reviewed by the community, enhancing the project's transparency. However, smart contract auditing is not heavily promoted, as XRP is not a DeFi platform in the traditional sense.
▎Important Notes:
The maximum supply of XRP is set at 100 billion units, with a simple burning mechanism for fees that leads to slight contraction over time. Although no major protocol breaches have been recorded, the challenges it faced were more regulatory than technical.
Ethereum has the potential to maintain its upward trend, especially if it receives positive news after the Federal Reserve's meeting tomorrow. The market is in need of good news to boost Ethereum specifically.
Additionally, we should not overlook the positive outlook of Ethereum against Bitcoin, which is also a promising sign for its future performance.
ظرة عن الإيثيريوم:
لدى الإيثيريوم القدرة على الحفاظ على الترند الصاعد، خاصة إذا حصل على أخبار إيجابية بعد اجتماع الفيدرالي غدًا. يحتاج السوق إلى خبر جيد لرفع الإيثيريوم تحديدًا.
كما يجب ألا ننسى أن الإيثيريوم مقابل البيتكوين يظهر مؤشرات إيجابية، وهو أيضًا علامة واعدة لأدائه المستقبلي.
By God, Haj Mazen, may you be rewarded a thousand times for the bot you made some time ago. The radar is something respectable and helped us a lot. May God reward you with all good and please you, our dear beloved.
🐋 Major whales and Ethereum have accumulated around 934,240 ETH worth 3.15 billion dollars over the past three weeks, while small traders only sold 1,041 ETH.
📈 This movement raised the price of ETH by 8.5% to return to 3400 dollars according to data from santimentfeed.
Clear signal: smart money is accumulating strongly.