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#CariKataKripto day 05

Entering the fifth day of the crypto word search event organized by Binance Indonesia. I successfully found 3 words, namely Smartcontract, Node, and Validator. As usual, I will explain the meanings of these three words.

SMARTCONTRACT :
A smart contract in the crypto world is a digital contract that is automatically executed on the blockchain when certain conditions are met. It is like a computer program that schedules certain actions, such as transferring assets, when predefined conditions are reached. Smart contracts do not require human intervention to be processed or enforced. Once the conditions are activated, the contract automatically executes the specified commands. Smart contracts are stored and executed on the blockchain network, which guarantees the security, transparency, and permanence of transactions.

NODE :
In the context of cryptocurrency, a "node" is a computer or group of computers that play a crucial role in maintaining and supporting the blockchain network. Nodes serve as communication points, verify transactions, and ensure the entire network adheres to the established rules. Nodes are an integral part of blockchain technology, storing the latest transaction records and ensuring all participants follow the network rules.

VALIDATOR :
A crypto validator is a party responsible for verifying and confirming transactions in the blockchain network, especially in Proof-of-Stake (PoS) systems. They ensure that transactions are valid and legitimate before being added to a new block, thereby maintaining the integrity and security of the blockchain network. Validators receive rewards in the form of crypto as compensation for their services.

Let's follow #CariKataKripto to enhance knowledge in the trading world, especially Crypto, see you on the next day.

SMARTCONTRACT, NODE, VALIDATOR

#CariKataKripto day 04

On the fourth day of this crypto word search event organized by Binance Indonesia, I managed to find 3 words or terms used in the context of fraud or similar activities such as Scam, Phishing, and Rugpull. Below, I will explain the meaning of each of these terms.

SCAM:
In the context of trading, "scam" refers to fraudulent practices carried out by irresponsible parties to gain financial profit or data from victims through illegal means. This fraud can involve various methods, such as promises of unrealistic profits, bogus investments, or scams that exploit the lack of knowledge or unawareness of investors.

PHISHING:
In trading, phishing is a form of cyber fraud where criminals impersonate financial institutions or legitimate parties to obtain personal and sensitive information from victims. The goal of phishing is to steal information such as usernames, passwords, credit card numbers, and other financial information that can be used for their gain.

RUGPULL:
In crypto, Rugpull refers to a scam where cryptocurrency or NFT developers promote a project to attract investor funding, then shut it down or disappear, taking investors' assets with them. The way it works is that developers promote the project to attract investors and funds, then they disappear with that money, leaving the project dead and investors with total losses. Rug pull scams often occur in DeFi (decentralized finance) or NFT projects, where developers can control the code and functions of the project, including the ability to restrict or prevent token withdrawals.

To avoid fraud in trading, be wary of promises of excessively high profits and do not hesitate to seek further information. Do not trust unreasonable returns and always check the legality of the broker or platform you are using. Let's continue to follow #CariKataKripto to enhance our knowledge in trading.

SCAM, PHISHING, RUGPULL

#CariKataKripto day 03

On the third day of the crypto word search event, I found 3 words namely Leverage, Margin, and Liquidation. These terms are familiar to crypto traders, especially those who are active in Futures trading. I will briefly explain the meanings of the words in the table.

Leverage:
Is the use of borrowed funds to increase potential profits and losses in cryptocurrency trading. With leverage, traders can open larger positions than the capital they have, thus potentially achieving higher profits, but also at greater risk of incurring losses. Leverage allows traders to amplify their trading positions without having to use all their own capital. For example, with 10x leverage, a trader can control a position worth 10 times their own capital.

Margin:
Margin in crypto trading is a trading method that uses borrowed funds to increase positions and potential profits, but also increases the risk of losses. This is similar to buying stocks on margin, where you borrow funds from a broker to amplify your investment. In margin trading, traders borrow funds from the trading platform to buy more cryptocurrencies than they could with their own capital.

Liquidation:
In the crypto world, liquidation is the forced closure of a trading position caused by significant losses or insufficient margin to support that position. This usually occurs in margin or leverage trading, where a trader borrows funds from the exchange to increase their position. If the asset price drops below a certain point (liquidation price), the exchange will automatically close the trader's position to prevent further losses.

Come join #CariKataKripto to expand your knowledge about the world of crypto trading; there is a lot of new knowledge you can gain. See you on the next day.

LEVERAGE, MARGIN, LIQUIDATION

#CariKataKripto day 02

On the second day of the crypto word search event, I found 3 words: Dyor, Diamondhands, and Wagmi. These terms are familiar among traders; I will briefly explain the meanings of the words in the table.

Dyor =
Is an abbreviation for "Do Your Own Research" which means "Conduct Your Own Research". This is an important principle in crypto investment, especially due to the unregulated nature of the market and the potential for fraud. DYOR encourages investors to conduct thorough research before investing, rather than solely relying on advice from others or influencers.

Diamondhands =
In the crypto world, "diamond hands" refers to investors who are able to hold their crypto assets, even when the market experiences volatility or price declines. They do not panic easily and sell their assets at the wrong times.

Wagmi =
Is an abbreviation for "We Are Gonna Make It" and has a positive connotation. This term is used to describe traders who are confident in their decisions and have a positive outlook on the long-term success of their positions, or the market as a whole.

Come follow #CariKataKripto to gain insights about crypto or similar topics, see you the next day.

DYOR, DIAMONDHANDS, WAGMI

#CariKataKripto day 01

On the first day of the crypto word search event, I found 3 words: Bullish, Bearish, and Volatility. These terms are familiar to traders, and I will briefly explain the meanings of the words in the table.

Bullish = a condition where the price of an asset tends to rise or is experiencing an upward trend. This condition indicates optimistic market sentiment and attracts investors to buy.

Bearish = a condition where the price of an asset tends to fall or weaken, and investors have a pessimistic view of price movements. This is the opposite of "bullish."

Volatility = a measure of how much the price of an asset fluctuates or goes up and down over a certain period. In other words, volatility measures the level of instability or risk associated with the price movements of an asset. The higher the volatility, the greater the likelihood that the asset's price will experience significant changes, both up and down.

In the #CariKataKripto event, it is not just about finding words, but there is knowledge that can help traders understand the terms used in crypto or similar fields. I hope this helps, let's participate in this event.

Bullish, Bearish, Volitility

the price of BNB is expected to touch $620 due to healthy correction

#SpecialRamadanChallenge

620

2.21 XRP
#SpecialRamadanChallenge

2.21

80.500

80,500

80.500