Prepare to lose. A lot. Experience speaks best really on how you would actually trade money, after all, no single person could possibly bear the fact that they could lose all their investments in a single moment, especially since we're talking about the crypto scene here (unless you're a rich kid somewhere who throws it like it's nothing).
Trading is not easy if the target is earning net profit, not short term profit. Because short term profit is unsustainable and at the end you can end with loss. Learning the psychological market cycle is very important but you can not learn it from infographics. You need to have experience in the market and it takes time. 2 to 3 years and the best is more than 4 years in the market.  |
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What is the best strategy to prepare oneself before entering the trading market?
Think about yourself first. If you feel that you don't have patience, you are not good for trading. If you do things emotionally, you are not good for trading. If you don't have solid income, and have to rely on trading to earn income, don't trade. If you don't have own capital and have to borrow to trade, don't trade. If you are not in crypto market a few years, 2 years at least, don't trade. The best is invest your money and get experience in the market more than 2 years. When you experience the market and understand how it is manipulated, you can use 5% or 10% of your capital for trading. |
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This is a nice project dude. An Almeda Research partner with just 11M Market Cap is a very under value coin compared to other project invested by this VC like Solana, Serum and Raydium, There Peer to Peer Decentralized Bandwith idea is very in demand due to inceasing popularity of streaming industry.
Solana is a quite hot blockchain and the ecosystem of Solana is expanding. Almeda Research is a big one and their reputation is somewhat unofficial mark of a successful project. They have good expert team to scout for potential projects. Solana ecosystem is growing but its total value locked is pulled back after the very fast growth of Solana. Now TVL is 8.74B from the all time high at 12.2 B in 12 September https://defillama.com/chain/Solana |
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Confirming my unverified account can still trade but that's because they haven't given me a deadline yet-- which seems to be given thru email
From what I understand, there is no one size fits all deadline
If you still can trade with unverified account, what does the Binance message means when they warned that user has to verify account within 48 hours. If not, account will be restricted. With unverified account, you can still trade, I know but for unverified account and also receive notification via email like above, will be able to trade? I believe unverified and restricted account will not allow to trade. |
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Well do i get to choose the network or not?
I want to know the cost of withdrawing either usdt or usdc or btc on binance.com. It seem to cost 25 dollars if its usd and usdc and btc is just a bit under that at 22 dollars? Since usdt and usdc on binance is on the ETH chain? Or could you withdraw it on the tron or bnb network?
You can choose the network you want. Deposit and Withdrawal fee on Binance. Some stable coins and some networks. Withdrawal fee of USDT on ERC20 chain is 25 USDT, Binance Chain (BEP2) is 1 USDT, Binance Smart Chain (BEP20) is 0.8 USDT and on TRC20 chain is 1 USDT. https://www.binance.com/en/fee/cryptoFeeUSDT
Binance Chain (BEP2) 1
Binance Smart Chain (BEP20) 0.8
Ethereum (ERC20) 25
Tron (TRC20) 1
After 6 months, you came back and asked the same question. What? |
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Leverage is “OK” if you don’t want to risk to put 100% of your capital in an exchange. If you have a capital of $10,000 ONLY for trading, then it’s acceptable to deposit $2,000 and use leverage as if you have your whole $10,000 in the exchange. I’m assuming that you’re a very profitable trader.
To control, newbies should not use one account for Spot and Leverage tradings. One account for Spot trading. Another account for Leverage trading. If your Leverage position in the account for Leverage trading is called for Liquidation, let it be. If newbies do it in same account, the bad response will be made. Send more crypto to Leverage collateral but in worst day, the position will still be liquidated. |
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I got an email that said to continue using binance, i must verify my account within a certain date... otherwise, your account permissions will be temporarily changed to withdraws only.
Does this mean right now at the moment, I could still trade? Yes or No?
You can log in your account and check it. You will know that you can trade or not if you are still not verified. I think if Binance announced that your account is already restricted, you will no longer be allowed to trade. You can make withdrawal only if you reject to do your identity verification. |
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Now people are talking about ftx exchange. They are saying that now it will be the time for ftx exchange casue it is only biggest perpetual exchange. And it could be the next Binance in next bull run where BTC might Cross 100,000 dollars for the first time. So what are your suggestions guys about ftx?
FTX with SBF is a good exchange with good marketing and development strategies. They wisely waive withdrawal fee for customers in order to catch new customers to their exchange. They choose a good blockchain project Solana to be a main investor and integrate Solana into their exchange system, deposit, withdrawal. About the regulation and FTX, this exchange follow regulations very well and it help them to avoid regulation issues with governments. The growth of FTX will depend on their own developments and Solana growth in the future. I think FTX and Solana will grow together. |
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Stoploss was a safety net if anything happened in the market usually the market is really volatile and as a trader it is my responsibility to take care of my profit. The only challenge in stop-loss I'm thinking of is that when the market just dip to your stop loss and go back to its main trend that happened to me multiple times and of course bullish and bearish traps.
Stop loss order only works if the market does not crash too quickly and exchanges don't have technical or connection problems. If cascade effects occur too seriously with crashes, stop loss orders can not help. You have to use another order, Stop limit order. What is a stop limit orderBut stoploss was really simple but really effective tool in trading.
Stop loss or other orders are simple if you understand it. |
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30USDT for kucoin customer support?? It is their second income stream and they are earning more from that than on withdrawal fees  I did not get information on the customer support fee. 30 USDT for customer support. Fee structureCustomer support is free but if you make wrong transaction and request for support, if exchange gives you support to retrieve your coin, you will be charged fee. Is it what you meant? Deposit Did Not Arrive at KuCoin & Deposited to the Wrong AddressDeposited to the Wrong Address
Tips:
If you deposit BTC to the USDT wallet address or deposit USDT to the BTC wallet address, we can try to retrieve it for you. The process takes time and risk, so we need to charge a certain fee to fix it. The process can take 1-2 weeks.
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I use FTX not as trading coin but only to withdraw and convert eth there because have lower fees transaction, when you make transaction there like withdraw coin not have to pay fees and most best exchange right now support to covert usdt to eth without pay fees. I like this exchange market and hope could exist for long time.
FTX waive fee for customers. Blockchain deposits and withdrawalsMonths ago, when transaction fee on ETH network is very high, FTX waived the fee Fees
There are no fees on deposits and withdrawals, except for ETH, ERC-20 tokens, or small BTC withdrawals. FTX users will pay the blockchain fees for all ETH, ERC20 tokens unless they have FTT staked.
Note: For free withdrawals, however, in the case of a user whose fiat/stablecoin deposit/withdrawal volume exceeds their trading volume, we reserve the right to charge a withdrawal fee of up to 0.10%. We will reach out to any users affected before applying this.
Small BTC withdrawal fees: BTC withdrawals > 0.01 BTC are free. BTC withdrawals < 0.01 BTC are charged withdrawal fees after your first free one per day.
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If you use stop loss, you want to use that order to avoid your decision with emotion.
When the market is unharmful, your mind is more neutral and you can make better strategy for your trade. It is when you calculate and set your stop loss order. If you don't use the order, when market crashes, you will not make decision from your plan and calculation. You will decide with emotion that is not good when you see market crash.
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FTX exchange is growing too fast and they are keen on to obey law regulations in countries they have subsidiaries.
They take a lead of the second tier exchanges, after Binance, to back Solana blockchain. Other exchanges try to learn from Binance and Binance Smart Chain to develop their exchange's own built chains.
FTX are smart because they saw the potential from Solana and decided to back it months ago.
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you sure you dont wanna buy solana right now?
only in 24h, the price keep increasing about 15% and the price already reach $148.65.
i think next week solana's price can hit $200, 2021 is really the best year for solana !
Do you know from what price Solana rose to $200? It rose from $1 so $200 is 200x and $80 is 80x from its bottom. If you buy Solana, you must have to prepare not only for good scenario with which it will rally well or test $200, but also have to prepare for worst scenario with which it will fall more. The safest area to enter is $25 to $30. Solana will fall back to that area some day, if not this year, next 1 to 2 years. |
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Hi According to my analysis solana will be moved to 70$-90$ range , so um waiting , and after that it will move to ...
Not this time. Price is good enough to enter and accumulate when it dives to $100 to $110. It is the stop of this wave and you can enter to get profit. $70 is for the next wave, after the coming rally from $100 to $110. If you have entry in $100 to $110, you can take profit around $150 and wait for the next dump to $70 to $80 to enter again. |
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It is very clear that Ethereum has the solid position in crypto and other chains have to connect with ERC20 chain to build up their ecosystems and to attract crypto users from ERC20 chain. Binance Smart Chain, HECO chain, Solana chain and more. They all have to depend on ERC20 chain for their growth. They can start with ERC20 chain before developing and launching their naive chains or they have to rely on ERC20 chain to increase their users population. |
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What do you mean that bitcoin is no way close to $100k? We've reached $64k, and so far with the current movement, we can hit $50k this month. So in the next 3 months, it's possible that if we have some positive news, the price could be push upward to $70k-$80k and then we have the last stretch to even get to 6 digits. So I would say that everything is possible, last year we have seen super fast rally from October to December. So if the pattern continues, $100k could he hit.
The mission will begin when Bitcoin retest $64k. From $64k to $100k, it is very possible and not difficult like we are thinking from price below $50k. The mission difficulty will change with different price and different phase of mission. We thought Bitcoin will not break $20k in 2020 but it did and did it very easily. If someone owes you $100k and then gives you $48k as the whole payment, are you going to accept it since you said both are close? $100k for bitcoin will be an impossible level to attain this year. We are about three months to the end of 2021 and I do not see how bitcoin price can fill up that gap. I know some people will say there is nothing impossible for bitcoin to do but this people should also realize that bitcoin went through the $60k level before falling back to the price it is now at less than $50k and it will be hard for bitcoin to cross that height again this year. May be next year bitcoin can go to $100k but not this year.
Did you forget what happened in 2017? In very late days of 2017, Bitcoin doubled its price in 10 days because of FOMO with CME and CBOE futures. Nothing is right or wrong and CBOE now does not exist but that news brought Bitcoin to $20k. This year Bitcoin will have big reason to rise in November. I don't know price will rise in November or December but I would be very surprised if Bitcoin won't have big movement in Q4. |
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