IF you muslim you shoud know this.. Five Reasons Why a Financial Transaction Can Be Prohibited
1. Riba (Usury): Involving loans and interest. 2. Gharar and High Risk (Uncertainty): In unclear and ambiguous contracts. 3. Gambling (Maysir): In betting and excessive speculation. 4. Fraud (Ghash): Through price manipulation. 5. Selling What You Donât Own: Trading assets you do not possess.
Examples ..
1. Leverage Trading
Meaning: Using high leverage (e.g., 100x or 50x) to amplify trade sizes.
Prohibition: Due to Gharar (excessive uncertainty) and high risk resembling gambling, along with the potential involvement of Riba if loans with interest are used.
2. Futures Contracts
Meaning: Agreements to buy or sell an asset (e.g., Bitcoin) at a predetermined price on a future date.
Prohibition: Involves Selling What You Donât Own and contains Gharar.
3. Binary Options
Meaning: Betting on whether the price of an asset will go up or down within a set time.
Prohibition: It is considered Gambling rather than real investment.
4. Short Selling
Meaning: Selling an asset you do not own (borrowing it in hopes its price will drop).
Prohibition: Because it involves Selling What You Donât Own and carries unlawful risk.
5. Price Prediction Markets
Meaning: Platforms allowing users to bet on the future price direction of a currency over a short period.
Prohibition: It is Gambling, relying on chance rather than real analysis.
6. Perpetual Contracts
Meaning: Derivative contracts without an expiry date, continuously traded with leverage for long/short positions.
Prohibition: Due to Gharar (uncertainty) and lack of immediate settlement, making it similar to gambling.
7. Crypto Lending with Interest
Meaning: Depositing cryptocurrencies into a platform in exchange for a fixed-interest return (e.g., Binance Earn).
Prohibition: It falls under Riba since it offers guaranteed returns without real investment risk.
The situation is quite delicate, đ #BTC is rapidly going up. Is there any chance that the situation could improve and my loss could be recovered? $VOXEL
Current Price: $285 Support: $256.38 Resistance: $284.75
đ Why You Should Consider Buying TAO Now!
Bullish Potential: TAO is testing key resistance levels, and a break above $284.75 could lead to explosive growth.
Short-Term Momentum: The 50-day SMA at $281.40 shows a potential bullish crossover, signaling that TAO could be gearing up for a push higher.
đ§ Market Sentiment â Opportunity in Fear
The Fear & Greed Index is at 34, indicating caution â but this is where savvy investors thrive! While others hesitate, this is your chance to enter before TAO takes off.
đŻ Target Levels â Donât Miss Out!
TP1: $290 â First stop after breaking resistance.
TP2: $295 â Strong momentum if the market turns bullish.
TP3: $300 â The psychological level everyoneâs eyeing!
đ TAOâs Path to $300 â A Prime Opportunity!
TAO has all the right ingredients for a breakout. With a solid support base and momentum building, hitting $300 is within reach. The market sentiment might be fearful now, but this is the perfect time to buy before the next move.
Donât wait for $300 to hitâget in before the price surges! Set your alerts, act fast, and position yourself for gains. đ§ đđš
op has formed falling wedge in daily time frame and standing at edge of its resistance level soon we will see a breakout of this wedge Hold op for minimum 100% âď¸đ
#OP #opusdt
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