#CryptoCharts101 I gotta be honest. This's one of the topics where I really need to know more. I have a bunch of screenshots saved and I haven't gotten around to practicing them. This is a good reminder. I don't even know if they work not. How reliable is it? I will have to find out for myself.
#USChinaTradeTalks The US-China trade talks will continue today. Most people might be apprehensive about all this but there's nothing to worry about. I prefer the ugly truth at this point in my life. All the fake partnership and false good will between human beings needs to stop. I hate it. Trump seems to hate it too. That's why I like him. Whatever issues they havethey should talk face to face with no sugar coating.
#TradingMistakes101 I have made some seroius trading mistake since I started my trading career. Here are the most important. 1. Not being familiar with the fundamentals 2. Not setting stop loss 3. Fear of missing out 4. Being emotional 5. Wishful thinking Avoid these at all costs and you'll have amazing success.
#SouthKoreaCryptoPolicy I believe that crypto is the future and any nation with smart leaders will try to get on the program as soon as possible. Those who oppose progress will accept it in the end although it wouldn't be as beneficial to them as the pioneers. I wish my nation had the fortune of mainstreaming crypto before it becomes crowded.
$BTC BTC is stabilizing around 100k or a bit more than that. I think it's a new support for its phase of growth. It depends on world politics and the economy of the large nation. If things the geopolitics gets better btc is gonna steady growth with the occasional dip.
#CryptoFees101 There are some trading fees in binance but they're not that significant when we compare them to regular banks. Where I live, the banks perform daylight robbery on is everyday. So, I don't complain about these fees that much. You got to pay to use any platform. You can you vouchers to reduce them too.
#BigTechStablecoin This is huge. All this giant streaming companies are going to take stable coins as payment. This is a huge step the mainstreaming of cryptocurrencies. It's the new paying field. The next gold rush and the high guys know it. So, are we ready guys? Educate yourself, aquire more self control and the world is yours baby.
$USDC There was news circulating recently about 1.1 billion dollars being invested on USDC. My question is; isn't it a stable coin? Why are we seeing ups and downs? There was a point is was more than 3 dollars It seems to me to be a bit too unstable to be called a stable coin. May be there's something I don't understand.
#CEXvsDEX101 I'm only familiar with centralized exchanges. The only one I use is binance. I have not tried the decentralized platforms. So, I can't further comment on this. If someone is interested he/she can leave what they know in the comments.
#OrderTypes101 I'm gonna explain the different order types so that even people who are not familiar with crypto would understand me. Market order is an order that is to be implemented at this moment based on the market price at the instant it is ordered. You only use it to buy and sell at the current price. The comes limit which is more flexible and let's you set any price to buy or sell. It is more flexible but it will only get implimented once the price reaches that point. The next two are very important. A person who doesn't use stop lossis bound to lose all his money. It's like sky diving without a parachute. One mistake and you're dead. No second chances. Take profit is your biggest weapon if you can use ot properly. It maximazes your gain and saves you a great deal of time. You don't have to monitor the prices every second if you have take profit on.
#CryptoSecurity101 I saw a video a while back on the difference of wallets when it comes to how they store their security keys. I don't remember all the details. It mainly comes down to two things. Security vs convenience. The easier to use it is the less secure it gets. It's a general rule. There are exceptions of course. Technological advancements in blockchain technology and biological keys like fingerprint, facial recognition and the like make it difficult for others to impersonate us and give is easier access. Personally, I don't use extra protection because I don't have anything to steal.
$BTC After having a long bullish run BTC has come down to around 100k. It's recovering again though. It had an amazing upward run recently and it achieved heights it's never climbed before. The subsequent decline should be nothing to nothing to worry about. It is natural. Everything in this world is cyclic. It is all a wave. One moment it grows then it seems to decline for a while. Next comes the upward trend then it goes down again until it finally dies. This's a natural law. Don't get caught up in it. Focus on catching it at the right time so that you can ride the wave rather than being swept by it. All it needs is practice and intelligence. Loving the wave and the ride helps too. Loving it starts with accepting the reality of it. Don't impose your wishes and desires on it. Recognize it as it is and get to know it.
#TrumpVsMusk I like Trump. I like his straightforwardness. He's the most transparent president I have ever seen. He's the most antiwar president. He just has a weird strategy that makes people really hate him. What most people don't understand is that his talks are destructions. Our world is very corrupt. It is ruled by power hungry demons who would do anything to sustain and grow that power. They're not like you and me. So, you can't go about stating you're gonna do good things for the people and expect to live long. Whatever decreases control and transfers money to the people is counterproductive to the powers of the world. For that you need a smokescreen a trickster, a clown, a fool. Only a man like that can make a difference with his sheer unpredictability. Trump is that man. On the other hand, I haven't figured out Elon Musk very well. Is he a good guy or a bad guy? I don't know. He's a very dedicated individual. What drives him? What's his ambition? That I can't say for certain. On the one hand, he understands the people's frustration of all these inanities they through at us in the name of progress. Then, he promotes neuralink not just in the medical sense but for everyday use. He dances with robots. He claims that electric cars are environmentally friendly which they're not. He seems to be a genius fueled btly greed. Meanwhile, Trump has heart underneath all this caricature he portrays mist of the time. So, they were bound to go their separate ways. Elon doesn't have that many principles. He is a robotic individual who's not that open minded. I hope Elon comes to see Trump's perspective and be a litthe bit more patient when trying to cefix things.
#Liquidity101 This must be the most important topic I have ever written on. I have been liquidated so many times. I'm an expert at this point. Thankfully I only invested small amount of money here and there. Some of the money was from the vouchers that I bought by collecting points. With small money the chances of liquidation are very high. You will get punished for a small mistake harshly. There's no second chance since your margin is so thin. What amazes me is how people with lots of money get liquidated. That's where greed and stupidity come into play. We all must know that it's a risky business. There's no fun and joy here. The potentials are limitless. It just ends in tears most if the time. Nothing more than a day dream. I'm tired of it. If only I started this when I had the money. It's not for the poor and desperate; like mist things.
#TradingPairs101 Without trading pairs crypto wouldn't make sense. We need some standard of reference to gauge the value of a particular coin. Since prices fluactuate a great deal in the crypto world we can't base our assessment of the real price if a coin own its stated value. We need something to compare it to. We can pain any one coin against each other. The problem is since both are fluctuating we wouldn't know which one madec5he difference. So, we need some currency which barely changes. That's where stable coins come into play. Without this whole thing wouldn't work. Even if we tried without stable coins it would be something like the old west. The crypto world is chaotic enough. It doesn't need more.
#CircleIPO That's a lot of money they invested in USDC. These guys have so much money that even a minuscule increase in price would mean significant profit for them. The only way I can see how regular crypto traders would benefit from this is it would increase the public trust in crypto; which in turn would increase investments and cash flow wwith new money benefitting experienced traders. This is billions of dollars we're talking about. Even millions is a lot for me, let alone billions. May be one day I will be graced with this much money. Who knows? Then, I might come to understand the in and outside of how all this works.
$USDC What an interesting topic to write on. I don't know why it came on my feed. USDC is one of the stable coins whose difference I don't know of. I don't know because I really don't see how it is relevant to a small scale trader like me. I haven't figured out that part. All I need is money. I'm not in a position to lecture and phylosophize about these minute topics. I haven't got the time or the energy. Money, money, money: That's all I care about now. I have become possessed by this desire not because I want luxury but because I finally realize that money is power. In this world, there's not worse than being powerless. It's a dog eat dog world. My intent not to eat the dog next to me. I just wanna live a good life with my own sphere if influence.
#TradingTypes101 As I like to say so often, I'm not an expert. Here's my thought on what I've learned so far. I have tried spot and futures training but not margin. Spot trading needs substantial amount of money in order to make meaningful amount of profit. Otherwise, it's useless for small traders like me. In short, it's only useful for the already rich. Its upside is its much safer than the other types. It's a low risk and low reward training. On the other hand, futsure trading is very risky. You can get liquidated very easily even if yu have lots of money in your account. If you get good at it, its potential is limitless. It can change your financial situation dramatically for the better or for the worse.
$BTC Well. I looks like Btc is going down which is very natural. Recently it achieved its highest price so far and it's bound to come back a bit. If any of you have even an ounce of intelligence and are have given passing attention to this things you would know that they behave like waves. Everything does. There is variation, ups and downs. That's expected. Our job is not to be surprised by any of this. What you and I must know is how to use it. Both the bullish and bearish phase are good of we know how to use them. Through learning and experience we'll be there.