Are meme coins a way to extract money from investors? Meme coins are often used as a means for quick speculation, and some exploit them to make profits at the expense of investors who are unaware of the risks. Although they can yield substantial profits for some, the absence of a real economic foundation makes them closer to tools for attracting liquidity and then draining it from enthusiastic investors. Therefore, yes, in many cases they are used as a means to extract money from investors. #BTC #PEPE #Binance #MyCOSTrade
WOTD Theme: Trade Sharing four letters: Real, Post, Earn five letters: Trade, write, story, trust six letters: verify, social seven letters: creator, profile eight letters: Audience, showcase, position credible
The Success Story of an Ambitious Trader: From $500 to $1 Million
In 2018, "Sami" was a young man in his twenties, working a simple job with a monthly income of no more than $700. He always dreamed of financial independence and followed the stories of successful traders online, but he only had $500 that he had saved with great difficulty.
Sami decided to enter the trading world, but in a different way. He didn't jump straight into the markets; instead, he spent the first 6 months in intensive learning: reading books, attending courses, and testing strategies on demo accounts. He realized that the secret was not in luck, but in discipline, patience, and risk management.
At the beginning of 2019, he started real trading with only $500. He focused on the foreign exchange market and used precise strategies based on technical analysis, deciding not to risk more than 1-2% of his capital in each trade.
During the first year, he managed to double his capital to $2,500, an achievement he considered a personal victory. With experience accumulating and his strategies improving, profits began to increase rapidly. By the end of 2021, Sami had surpassed the $100,000 mark. But the real leap came when he started managing other people's accounts with a profit-sharing system. His good performance reputation brought him investors, and profits multiplied. In 2024, his personal portfolio and the investments he managed reached over $1 million. #TrumpTariffs #Binance
Binance WOTD #Trading_bots #TradingBots Four letter words: Cost, Data, Grid, Sell, Bots, Risk Five letter words: Tools, Trade Six letter words: Invest, Preset, Profit, Volume, Orders Seven letter words: Average, Execute, Monitor Eight letter words: Optimize, Automate
Bitcoin is often referred to as "digital gold," but can it truly replace gold as a safe-haven asset? This question has sparked global debate among investors, economists, and financial institutions.
Gold has been a trusted store of value for thousands of years. It is stable, tangible, and widely accepted across the world, especially during times of economic uncertainty and inflation.
Bitcoin, on the other hand, is a relatively new digital asset introduced in 2009. It shares some characteristics with gold—such as limited supply (only 21 million coins will ever exist) and decentralization. These features make it appealing to investors looking to hedge against inflation and currency devaluation.
However, Bitcoin is still highly volatile. Its price can swing dramatically within days, making it riskier in the short term compared to gold. Additionally, regulatory concerns, cybersecurity risks, and lack of long-term history contribute to skepticism.
Despite these challenges, Bitcoin is gaining institutional interest and is being considered by some as a complementary store of value, especially in the digital era.
In conclusion, while Bitcoin is not yet a full replacement for gold, it is emerging as a digital alternative—particularly among younger, tech-savvy investors. Over time, with wider adoption and regulation, it may become a more stable and accepted safe-haven asset.
What cryptocurrencies should I start investing in?
Investing in cryptocurrencies requires careful study and continuous analysis, as the market is very volatile. However, there are some promising projects in 2025 that are attracting investors' and developers' attention and may be worth following. Here is a list of some promising cryptocurrencies to consider (with the necessity of doing personal research before investing):