I have seen this on Kucoin and Bybit. If you want to trade leverage token on both exchanges, you will see a warning, about how it should be used for short time trading and how risky it is.

On Bybit:

 



On Kucoin:



If you click on the product information on Kucoin, you will see better explanation.

Is it not like that on MEXC too?

The exchanges I see such tokens, there are always warning about it.

Is this for real or rumor?


This is pornography, not sport.

You are only wasting your time. You will use high leverage, but your liquidation price would be very close to the extent of getting your trading fund liquidated.

Before you open any position, let us know your entry price. And also let us know your closing price after you close the position.

If you want a decentralized exchanges , you can go for Bisq.

If you want no KYC exchanges, you can go for any of these exchanges: https://kycnot.me

There is a thread on this forum about no KYC exchanges: Current list of exchanges without KYC

There are competitors.

There are almost 700 exchanges in the world now.

This is called martingale strategy as it is gambling too. If you go for 1x and losing, you will go for higher leverage. It is tempting traders to use a higher leverage which makes this kind of strategy to be very dangerous. Averaging is better and make trading or investment to be less risky, unlike the martingale strategy that makes trading and investment to be riskier, making money loss to be more possible.

Assuming you have $1000. You invest just $100. If you gain you take your profit. But if you lose, you invest more and more until you invest the $1000.

This is a good strategy and one of the averaging strategies. It makes the risk in your trading or investment to be minimal than to use the $1000 at ones. But also the profit can be minimal.

But it is important you have a better planning of when to invest more and more for it not to be done at the wrong time which may lead to significant loss.

So sorry to the family of the victim. It is sad to see this.

Some people do not think about the consequences of using high amount of money on gambling, but when they lose the huge amount of money, they will be depressed and some people will feel like killing themselves. He is young, but he supposed to have faced what comes after and change for good. If there is life there is hope.

Supposing he knows about this forum, maybe he would have learned some lessons from what we are posting.

Do you mean trading indicators? Becuase it is indicators that can be pointing to one direction.

Using little amount of money, stop loss, take profit, martingale (very risky), the type of trading (like swing, day trading and scalping), the leverage used, how you analyse market with indicators, the type of mode used and everything you are doing to make profit from trading can be regarded as strategy.

Everything a trader did to make profit, or that result to loss is called trading strategy. So it would be good to specific on one part, like the indicators used, the trading type and the likes instead of generalizing on the strategies used.

In trading, most traders naturally developed different strategies as one is not working, the trader move to another to see if it would works. Traders prefer to focus on the one that best worked for them to achieve the profit they want from trading.

This may be true but it is not entirely true because trading profitability also depends on a trader itself. The more money used can result to more losses for most common traders.

If you are trading and continue to fail and lose for a very long time, it is better to leave your determination and find other ways to make money like holding or going for swing trading. But determination can truly help.

I have read about Coinbase plan to establish a derivative exchange outside of US some weeks ago but now I know the company mean business. It is what Coinbase was not thinking about until the tough regulation from United States regulators. In United States, you can not even leverage.


Position that can be opened will be up to 5x and it is in BTCUSDC and ETHUSDC. Probably other trading pairs would be added later. Using USDC for it can be enough, as I know Coinbase to have been only supporting USDC stable coin.

But why Coinbase not going for BTCUSDT and ETHUSDT contracts too? On some exchanges that I am using, like Bybit and OKX, you can see both USDT and USDC contract. While on others that I am using like Binance, Kucoin and Huobi Global, only USDT is there because it is the most stablecoin with the highest liquidity. Why Coinbase do not like USDT future contracts?

To protect your margin? What do you mean by margin? Or you mean too protect the trading fund?

A good trader will focus on both risk and reward.

This is correct. There are times I waited to gain more and the price reversed and no more favour me. Sometimes, it can correct itself back while sometimes, especially if I use high leverage, it might lead to money loss.

Best to first contact the gambling site customers care to know about the country that you are going to, to know if they will allow you to use VPN. If they said no, better not to gamble in the country until you go back to your country. I will expect the customer care to say no though.

VPN is not allowed according to the gambling site TOS, then why using it. Do not use VPN if stated on the TOS.

Yes, you can. After bitcoin halving, the price of cryptocurrencies do increase, I do not think that will not still happen again after bitcoin halving which would be around March or April next year.

Some gamblers may violate the gambling site terms of service, but if it is not about money laundering or a criminal act or trying to manipulate to earn free money with multiple accounts, the gambling site supposed to give the user back his money. Some gambling sites are just like that these days which is just scam. We have been seen something like that on this forum, but there are some gambling sites that people do not complain about which are the once it is better to go for.

We should not also forget to continue our fun discussion on Bitcoin price guess for 2023.

As for the month of June, bitcoin may remain less volatile in my opinion. I checked the monthly BB and I noticed that it has been three months now that bitcoin has been unable to go beyond the middle band and slightly going down in price, maybe bitcoin may not go up further but I am expecting it not to go that high or low. The price will be less volatile this month.

It depends on how the application is built. If built very well, the format and users' experience on apps is better than on web browsers. But web browsers are not bad too.

You are correct, gambling site apps are not on playstore, it has to be downloaded from their site. But many gambling sites do not bother to have one.

In the last litecoin halving, there was no significant effect it has on litecoin. Only the halving that we know to have significant effect on bitcoin and altcoins including litecoin has been bitcoin halving.

Altcoins may grow than bitcoin, that won't be a surprise if it happens, but if they want to fall, they fall more than bitcoin too.

Cloud mining are scam. You want to mine, getting your own ASIC is very important. Only what you can depend on should not be more than mining pool if you can not have your own pool.

Cloud mining is a scam. There are even some websites that are fake, they mine fake bitcoin for you to entice you so you can be a premium members. If you pay, that is scam.

The ones that looks legit too is just as you explained it up.

Bitcoin has been known to the world already and without NFTs and other tokens, bitcoin will continue to grow. But with these Ordinals and Inscriptions, there can be more.

But Ordinals and Inscriptions depends on bitcoin, bitcoin did not depend on Ordinals and Inscriptions.

What I just know is that bitcoin is good and some peoole are finding ways to making money from it.

Those tokens can be risky, they are not bitcoin and not developed by bitcoin developers. They are altcoins that is making use of bitcoin and bitcoin blockchain.

It depends on the leverage you used and the amount of money you used too. As the money is small for you, the less you will want to monitor your trading activities, provided you also use a very low leverage. And this is how to make profit with a very tiny chance of losing. The bigger the leverage and the bigger the amount of money used, the higher the chance a trader would want to monitor his trading activities and the higher can be the loss.