Try and read it again because I made some corrections. Also let me be more practical about it:

Bitcoin at $25000

For long/buy
You open a limit order at $25010 (above $25000). The order will be filled immediately
You open a limit order at $24990 (below $25000). The order will not be filled. If the market price of bitcoin gets to or drop below below $24990, your order will be filled.

For short/sell
You open a limit order at $24990. Bitcoin at market price of $25000. The order will be filled immediately
You open a limit order at $25010. Bitcoin price at $25000. The order will not be filled. If bitcoin increase above $25010, your order will be filled.

I hope you will understand it better this way.

It is even harder to explain than using it while trading, once you start to trade you will notice how simple it is.

I will advice you to be careful of trading derivatives, because leveraging is very risky. Trading itself is very risky, not to talk of future trading which is far riskier.

Let me use bitcoin at market price of $25000 as an example.


If you go long or buy

If you set the limit order price above $25000, it would be filled immediately. It simply means you buy at higher price which will make your order to be filled at the market price. Which means it is a market order but you only just used limit order for it.

On the other hand, if you place the limit order price at below $25000. That is a limit order and your are a market maker. If the market price of bitcoin drops below $25000 (below the price your set), your order would be filled. But if the bitcoin market price did not drop to or below the price you set, your order will not be filled.


If you go short or sell

If you set the limit order price below $25000, it would be filled immediately. It simply means you sell at lower price which will make your order to be filled at the market price. Which means it is a market order but you only just used limit order for it.

On the other hand, if you place the limit order price at above $25000, the order will not be filled immediately. That is a limit order. If the market price of bitcoin increase to or above the price you set, your order would be filled. But if the bitcoin market price did not increase above the price that you set, your order will not be filled.

For this not to confuse you, you can trade with $1 on most exchanges with higher leverage. Just for testing, do not use leverage because it is dangerous than given profit.

Even if bitcoin make it up to $30000, that does not mean that it would not be another resistant price, bitcoin has not been going beyond $30000. Its last highest price I remember is $31000. I was thinking bitcoin will make it up to $34000 - $37000 before any big drop again, but it started to drop at $31000 and not going beyond that price. It is very possible that $30000 may be the big resistant price until halving, no nobody yet knows.

Noncustodial wallet means their is no other person that controls the wallet but you. Where am I going to withdraw from if government ban crypto trading when I have the complete control over my noncustodial wallet? It is not an exchange and it is not a custodial wallet.

Because government wants to ban crypto trading, I do not think gambling will come my mind at all than I am gambling before, to just use little amount of money to gamble.

My bitcoin will stay on my noncustodial wallet and I am going to move fully to a decentralized exchange like bisq

Anyone that have such decision is a fool because government banning crypto is entirely different from how gambling is legal. It has no connection that will make the person to think of sending all his coins to a gambling site, which is a big mistake.

An opportunity to buy more.

Bitcoin falled to $25388 yesterday. It falled to $25351 today. No big difference yet. I noticed a big dropped in 30 minutes ago but not that falled more below yesterday's lowest price.

I just want to say that bitcoin is the most traded coin on Binance. I checked spot trading for bitcoin, ether and Binance coin on Binance, Binance coin is not near the trading volume of ether, while bitcoin trading volume is higher than ether which I think is the second most traded coin on Binance.

Let me use yesterday trading volume as examples:

Using bitcoin price of $26770
Ether price of $1818

Spot market:
BTC/USDT: 65805 = $1.76 billion
ETH/USDT: 555361 = $1 billion

USDT-M futures:
BTCUSDT: 700502 = $18.75 billion
ETHUSDT: 4260000 = $7.74 billion

Coin-M:
BTCUSD: 111834 = $2.99 billion
ETHUSD: 714927 = $1.3 billion

Binance coin is very low. Also other coins are lower to both bitcoin and ether, but ether is still almost 2 times or more than 2 times lower in trading volume than bitcoin on Binance. Binance is truly an altcoin exchange as it encourages many altcoins, but bitcoin is the most traded coin on the exchange.

What is affecting the crypto market is also affecting bitcoin too, but just that altcoins are more volatile and riskier.

I have said this before, that I am not buy much until bitcoin gets to $20000. But if it is a month to halving and that has not yet happened, I will buy more.

My advice for now is to continue to DCA.

For people that are holding already, they should not sell, bitcoin all-time-high is coming, which would be after halving. For people that wants to buy the deep, they should be patient, or they can DCA, or they can do that now because the profit is coming. The best period to buy bitcoin is not yet over.

This has nothing to do with China.

After the news, bitcoin fall from over $27000, down to almost $25000. Some people like to panic or to make use of such market situation to sell. SEC sued Binance, but not that Binance is closing down, or Binance go hacked, but which could have caused more downtrend.

Wrapped bitcoin can be traded too on centralized exchanges. It is not bitcoin though.

He did not tell you the amount he is staking, It could be a big amount of bitcoin. You should let him know the differences between hot and cold wallets and why cold wallets are important.

There are many leagues in the world and going for the highest league in each country is good. Like in Africa, I prefer to go for Egypt and Tunisia highest leagues. Morrocco too sometimes.

I like South American leagues, most especially Brazil Seria A and B. Argentina too, but not all the time. I do not use to bet on these leagues but the few I bet, I win than lose.

But I prefer EPL more than any league and also European football generally.

When I was still betting daily, I do go through https://www.livescores.com/ and see the better leagues that are playing daily, make some analyses to know the best clubs to take for that day. But that can be a kind of addiction.

If you check the prediction sites and also live score sites, you will definitely see leagues to choose from daily. I am not advising on daily bet though.

Is this blockchain.com exchange?

Sorry for the inconveniences.

Only there customer care can help you.

But did you know that you caused this to yourself? You are not exchanging to any coin, why did you transfer your coins to the exchange part which is different from the wallet?

Use a noncustodial wallet for saving your coins. You can use Electrum for that, or a hardware wallet for large amount.

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.