#TradingTypes101 Personally, I use spot trading. Mainly because, as a beginner, I didn't venture to try futures, which are higher risk. What I usually do is participate in campaigns that offer reward tokens, Binance's launchpool, airdrops, or staking coins that provide crypto rewards (like $SOL ) and then I use those cryptocurrencies to convert them to stablecoins. Then, I put the stablecoins in a flexible earn and, finally, when I think it's appropriate, I buy some more solid cryptocurrency, BTC, ETH, or SOL.
#CryptoFees101 In order to do a swap in the web3 wallet, a gas fee must be paid. I have some coins in web3 (some from mantle) that I would like to withdraw or transfer to my spot wallet, but I don't know how to do it. Every time I try, it tells me that I don't have enough bnb to cover the gas fee. So, there they are, I don't know how the web3 wallet works. In the spot, I only do conversions, which although it seems like there is no commission, there is always a difference between the listed value and the one that is made effective in the transfer.
#Liquidity101 In the context of crypto assets and decentralized finance (DeFi), when "Liquidity 101" is mentioned, it usually refers to a basic introduction to the concept of liquidity in cryptocurrency markets. It is an educational way to present the fundamentals of how liquidity works in this field.
Liquidity 101 is an informal term used as if it were an introductory class (hence the “101,” common in basic university courses in the U.S.), which seeks to explain:
1. What is liquidity in cryptocurrencies?
The ability of an asset to be bought or sold quickly without significantly affecting its price.
For example, Bitcoin and Ethereum have high liquidity because there are many active buyers and sellers.
2. Liquidity in centralized vs decentralized exchanges
In a CEX (like Binance), liquidity is provided by order books.
In a DEX (like Uniswap), liquidity is provided by users through liquidity pools.
3. What is a "liquidity pool"?
It is a set of tokens locked in a smart contract that allows for automatic exchanges.
Users who provide tokens receive trading fees as an incentive.
4. Impermanent Loss
A temporary loss that a liquidity provider may suffer due to the price volatility of the assets they have deposited in the pool.
5. Yield Farming / Liquidity Mining
Strategies to obtain yield by providing liquidity to DeFi protocols.
Why is liquidity important?
It facilitates trades without large price changes.
It reduces slippage (the difference between the expected price and the actual price).
It increases market efficiency and user confidence.
$ETH Ethereum is a decentralized and open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was proposed by Vitalik Buterin in 2013 and launched on July 30, 2015.
Key Features:
1. Smart Contracts: These are programs that automatically execute when certain conditions are met, without the need for intermediaries.
2. Decentralized Applications (dApps): Applications that operate on the blockchain, eliminating the need for centralized servers.
3. Ether (ETH): The native cryptocurrency of Ethereum, used to pay transaction fees and computational services on the network.
4. Proof of Stake (PoS): Ethereum transitioned from Proof of Work (PoW) to PoS in "The Merge," becoming more energy efficient.
5. Decentralized Finance (DeFi): Ethereum is the foundation of DeFi, enabling financial services without traditional banks.
6. Non-Fungible Tokens (NFTs): Ethereum is the leading platform for creating and trading NFTs, representing ownership of unique digital assets. (definitions obtained from AI)
my asset distribution includes among others ethereum and solana In addition to other altcoins that I obtain by participating in staking (mainly from bnb) Solana also, for periods, has staking rewards. Then, those reward altcoins, I convert to stablecoins which I also stake until I need them to invest in some other campaign or I transfer them to $BTC Now the "interest zone" is in effect which has several campaigns to participate and earn crypto with flexible earnings, it is a good opportunity to expand the portfolio and make the move. At least this is how I manage my portfolio. (obviously, this is not investment advice, do your own research)
I find it interesting to have $SOL in staking, as, in addition to the profits it provides for holding the staked coins, every now and then a campaign appears that offers other cryptos as a reward, which can then be used for other operations. It is a good opportunity to generate income without too much effort. (this is not an investment recommendation) Remember, do your own research. Best regards
#TradingPsychology It's curious how psychology behaves, because when I see it drop, I feel like selling everything, but that's not what I should do, as I would incur losses. Then, when it rises, I don't want to sell for fear it will go higher and I will lose that profit margin. Conclusion, I set high and low targets and operate based on that, mainly with altcoins. When I consider that it has risen enough, I sell and make a profit, I don't look at what happens afterwards and I convert it to some strong currency. Do your own research.
#DiversifyYourAssets is a good option because of this recommendation of "not putting all your eggs in one basket" Personally, I use diversification to obtain different cryptocurrencies, participating in campaigns, in learn and earn, in the launchpool, etc. Then I take those rewards and convert them to stablecoins and put them in simple earn or, if not, I convert them to BNB, Bitcoin, Ethereum, or Solana and put those coins in staking. This way I earn small amounts and improve my income. Remember to do your own research (this is not an investment advice)
I have my $BNB in staking and that generates daily profits in the same currency. But every certain period of time, some cryptocurrencies appear in my wallet, which I suppose are given to me as rewards from the "launchpool" for having those $BNB staked, more precisely as "HODler airdrop" What I can never find is the announcement of those campaigns, so I periodically check my account to see if something new appears. It's very nice that Binance distributes airdrops, I would like to know where the announcements of those airdrops can be seen.
Traders Boot Camp here is the link to participate in the Binance program for Traders It is a "training camp" where you can earn rewards for learning basic trading concepts, how Binance works, or what options it offers for trading It is very good and you can earn rewards in crypto
#GasFeeImpact Gas fees on blockchain refer to the cost of making transactions or executing operations within a decentralized network, such as Ethereum. This cost varies depending on several factors, such as network congestion and the complexity of the operation.
The impact of gas fees can be significant in the following ways:
1. Financial cost to users: Fees can be high, especially when there are a large number of transactions on the network, making the cost of making a transaction more expensive.
2. Disincentivization of activities on the blockchain: When fees are too high, users may choose not to make transactions or use decentralized applications (dApps), which can reduce activity on the network.
3. Influence on platform usage: Blockchain projects that rely on Ethereum or other networks with high gas fees may need to adapt, such as developing scalability solutions (e.g. Ethereum 2.0 or second-layer solutions) or switching to cheaper chains.
4. Fee inflation and volatility: Gas fees can become unpredictable due to fluctuating demand, which can lead to unforeseen expenses for users and projects.
In short, gas fees impact both users and developers as they affect the cost and efficiency of transactions on a blockchain.
#OnChainInsights On-chain insights refer to the analysis of data that is found directly on the blockchain, that is, the public records of transactions that occur within a cryptocurrency network. This data is accessible to anyone and cannot be altered once it is recorded. By observing transactions, address balances, and other events on the blockchain, analysts can gain valuable insights into market behavior, user trends, and other factors that affect cryptocurrencies.
Some examples of on-chain insights include:
1. Inflows and outflows: Seeing the amount of cryptocurrency that is moving to or from exchanges, which can indicate the buying or selling intentions of investors.
2. Active addresses: Analyzing the number of active addresses over a given period can provide clues about the overall interest in a cryptocurrency.
3. Large transactions (whales): Tracking the transactions of large amounts of cryptocurrency to identify possible movements of "whales", which can influence the market.
4. Mining metrics: Evaluating miner activity and mining difficulty on the network, which helps to understand the health of the network and its security.
5. Long-term holders vs. short-term traders: Analyzing how different types of participants are interacting with the network, whether they are holding their cryptocurrencies for the long term or performing transactions more frequently.
These analyses provide a deeper insight into behaviors, market dynamics, and can help predict future movements or detect early signals of changes in the market.
Litecoin (LTC) is a cryptocurrency developed by the Proof of Work algorithm of Scrypt. The goal of LTC is to provide an alternative to Bitcoin by making modifications to the original Bitcoin protocol. Litecoin (LTC) was one of the first altcoins that were created. The Litecoin network launched on October 13, 2011. LTC has remained one of the largest cryptocurrencies by market capitalization since its inception.
Litecoin aims to make it easier for merchants to accept payments in LTC by processing transactions faster than on the Bitcoin blockchain. Litecoin and Bitcoin have some key differences; for example, transactions are faster on Litecoin, and this network has a larger total supply (84 million LTC). Additionally, the halvings of Litecoin have also been modified. Bitcoin undergoes a halving every 210,000 blocks, while Litecoin undergoes a halving every 840,000 blocks. (source Binance)
#TradeFiRevolution Key aspects of the "TradeFi Revolution" in crypto include:
1. Decentralized Exchanges (DEXs): Unlike centralized exchanges like Binance or Coinbase, DEXs allow peer-to-peer trading without relying on a central authority, offering more privacy and control over assets.
2. DeFi (Decentralized Finance): DeFi refers to financial products and services like lending, borrowing, and trading, built on blockchain technology, particularly Ethereum. These protocols aim to offer financial services without intermediaries like banks or brokers.
3. Smart Contracts: These self-executing contracts allow for trustless transactions, reducing the need for intermediaries and offering greater efficiency and transparency.
4. Tokenization: The ability to tokenize assets (real estate, stocks, commodities, etc.) on the blockchain allows for fractional ownership and more accessible markets.
5. Liquidity Pools & Yield Farming: DeFi protocols provide ways for users to earn passive income through liquidity pools and yield farming, attracting new participants to the ecosystem.
Binancers Pay attention if you have $SOL in staking, as they are delivering #Memecoin PEPE as a daily reward for having your $SOL locked It's an opportunity to gather tokens of one of the most popular memecoins. It's a good opportunity to start staking sol (this is not investment advice, just for informational purposes)
A while ago I bought $XRP , because I found the project interesting. At that time it was at 2.55 #USDT , now it is at 3.081 #USDT. Is there a possibility of creating an ETF for this cryptocurrency, will it improve its performance? Can someone who has experience in this crypto world give me their opinion on this matter? Although ETFs seem to be tools to provide confidence to the investor, how can the impact be on this currency that does not depend on mining? Since as I understand it, the tokens were $XRP pre-mined Thank you very much for answering
#XRPETFIncoming? An ETF (Exchange-Traded Fund) is a type of investment fund that trades on stock exchanges, similar to a stock. ETFs allow investors to buy a share in a set of assets, such as stocks, bonds, or commodities, without having to purchase each one separately.
ETFs are popular for their diversification, low cost, and ease of trading, as they can be bought and sold throughout the day on the market, just like stocks.
An XRP ETF could facilitate access to the market, improve regulation, and provide greater confidence to traditional investors, making investment more attractive and accessible. (This text is not investment advice, do your own research DYOR)
#DeepSeekImpact It seems that yesterday, the impact of DeepSeek was significant, not only in the crypto realm but also in international stock exchanges. However, since last night, a recovery in cryptocurrencies has been observed. What I wonder is whether there will be any kind of manipulation, if the emergence of DeepSeek is something orchestrated or just a coincidence. Everything seems very strange.
#Monky in one of the more activities of Binance to receive 70 Monky coins (I think it was for having $FLOKI in my wallet) It turns out that Monky is a coin that I cannot trade, nor exchange, it also does not appear in the Binance listings. What can be done with that coin, what is it for? How can I sell it? Thank you very much to everyone.