$TRUMP Here are some common reasons why people lose money during a bullish rally in the cryptocurrency market: 1. FOMO (Fear of Missing Out): Many investors buy assets at their peak prices due to the fear of missing out on profits, only to see prices correct afterward. 2. Excessive Leverage: The overuse of leverage magnifies losses during market corrections or sudden price swings. 3. Lack of Strategy: Without a clear plan for entries, exits, and profit-taking, people often make emotional decisions that lead to losses. 4. Ignoring Fundamentals: Chasing hype-driven or poorly researched projects often leads to investments in coins with no real value or utility. 5. Holding Too Long: Some traders fail to secure profits, hoping prices will rise indefinitely, leading to losses when the market reverses. 6. Chasing Pumps: Entering assets after they have already experienced a significant rise often results in buying near the peak. 7. Neglecting Diversification: Putting all funds into a single asset increases the risk of significant losses if that asset performs poorly. 8. Not Using Stop-Loss Orders: Failing to set stop-loss levels leaves portfolios exposed to sharp declines during sudden market drops. 9. Trusting the Wrong Influencers: Blindly following social media influencers or unverified sources can lead to poor investment decisions. 10. Emotional Trading: Fear, greed, and impatience often lead to hasty decisions, such as panic selling or buying without analysis. 11. Scams and Rug Pulls: Investing in fraudulent projects or meme coins without proper research often results in total losses. 12. Ignoring Market Cycles: Many investors fail to realize that bullish rallies eventually slow down, leading to bear markets and sharp declines.
Binance Auto-Invest Further Extends Zero Fees Promotion
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is thrilled to announce the extension of our Zero Fees Promotion for Binance Auto-Invest Plans for another three months! Activity Period: 2025-01-17 00:00 (UTC) to 2025-03-31 23:59 (UTC) During the Activity Period, both ongoing and new Auto-Invest plans will enjoy zero fees for every successful trade, this includes all subscription fees including Index plans. Users can take advantage of this extended promotion to maximise their investments at no additional costs! How to Subscribe to a Plan on Binance Auto-Invest: Step 1: Log in to your Binance account and click on [Trading Bots] > [Auto-Invest]. Step 2: Choose an Auto-Invest plan and click [Create]. Step 3: Set your Auto-Invest parameters, click [Next] and confirm your order. Subscribe to a plan on Binance Auto-Invest Now! About Binance Auto-Invest: Binance Auto-Invest allows users to employ dollar-cost averaging (DCA) strategies to their trades, thereby adhering to a disciplined budget allocation and removing the emotional aspect of trading. Users may visit this FAQ link for more information about Auto-Invest. Auto Invest Terms shall apply. Users can visit Auto-Invest history to check the subscription details. Guide and Related Materials What Is Auto-Invest and How to Use ItWhat Is Auto-Invest Index-Linked Plan and How to Use ItUnlock the Power of Binance's Auto-Invest Index PlanAuto-Invest Terms of Use Terms & Conditions: Users must complete account verification and subscribe to an Auto-Invest Plan to successfully participate in the promotions. Binance Auto-Invest purchases can be completed using either the Single Token Plan, Portfolio Plan or Index Plan.Purchases via Binance Auto-Invest can be funded from either the Binance Spot Account or Simple Earn Flexible Products.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Binance reserves the right to disqualify any participants showing signs of fraudulent behavior immediately.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these promotion terms without prior notice, including but not limited to canceling, extending, terminating or suspending these promotions, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.The Auto-Invest Terms of Use and Binance Terms and Conditions for Prize Promotions apply to the aforementioned promotions.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2025-01-15
MicroStrategy's Bitcoin buying plan—once maligned by big businesses—has produced blockbuster profits for the software company amid the latest Bitcoin boom, pushing its stock price to all-time highs in recent months as its stash tops $40 billion worth of the coin.
And its success has inspired a crop of copycats, though MicroStrategy founder and Executive Chairman Michael Saylor probably doesn’t mind—he’s been advocating for such a movement for years now.
In recent months, several more publicly traded firms have greenlighted corporate strategies to stack Bitcoin as a treasury reserve asset, while others that have already invested in the cryptocurrency are building up their holdings of the asset.
More than 70 companies have dived headfirst into MicroStrategy's crypto-first business strategy at a time when Bitcoin is flying high: President-elect Donald Trump vowed last summer to create a national stockpile of the digital currency, and the token hit an all-time high of $108,000 in December.
Crypto thieves behind $2.2 million scam to be served lawsuit via NFT
Quick Take
-A lawsuit from New York Attorney General Letitia James alleges that a ring of crypto scammers has stolen at least $2.2 million from New Yorkers solicited from fake remote work offers. -James seeks to become the first regulator to serve unidentified scammers a lawsuit via an airdropped NFT.
New York Attorney General Letitia James filed a new lawsuit on Thursday that seeks to recover $2.2 million in frozen stablecoins from an alleged ring of scammers targeting New Yorkers looking for remote work opportunities.
While the alleged scammers' identities are currently unknown, James' lawsuit describes a sophisticated network that recruited victims by claiming to offer remote work opportunities before guiding them through depositing stablecoins into a wallet controlled by the scammers.
Victims were told the deposits were necessary in order to perform the job and receive compensation. However, the lawsuit claims, "This compensation, supposedly to be paid in stablecoins, was never real and deposits victims supposedly made into their 'working accounts' in reality simply went into wallets that [the alleged scammers] owned and/or controlled."
Nearly $2.2 million worth of USDT and USDC stablecoins has been frozen in scammer-controlled wallets, according to the lawsuit, which seeks to reclaim that sum plus damages and legal fees from the alleged scammers, as well as barring them from repeating the scam. The lawsuit names several victims who were defrauded out of $100,000 or more, such as Ally, a hotel receptionist living in New York's Nassau County, and Mell, a 31-year-old teacher from Queens.
-The launch of the crypto-AI focused Aiccelerate DAO (AICC), now worth around $150 million, led to criticism on X after some insiders who took part in the project’s presale quickly sold their token allocations. -Bankless Ventures, which received criticism after selling 10% of its allocation in an “impulsive mistake,” later rebought the tokens. -In response to the controversy, the DAO said it “will implement a vesting structure for individual allocations and are having discussions with advisors to do the same.” -The project’s X account was also suspended on Saturday, for currently unknown reasons.