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thank you for the encouragement šš»
šØ Market Red? Donāt Panic! šØ
The crypto market is bleeding today š» ā but hereās the truth š
1ļøā£ A whale just dumped 24,000 BTC š£ causing a flash crash.
2ļøā£ $800M+ in liquidations wiped out leveraged traders ā”
3ļøā£ Powellās speech hype cooled off, and profit-taking kicked in.
But remember this:
š Pullbacks = opportunity.
š Smart money rotates, it doesnāt exit.
š BTC holding $110K support = bullish long term.
š When weak hands sell in fear, strong hands buy the dip.
This is where real wealth is made. š
Stay calm, Binance Family š”š¤
Accumulate. Donāt capitulate
#MarketPullback
#BTCWhalesMoveToETH
#FedDovishNow
#TrumpFiresFedGovernorCook
#BNBATH900
The crypto market is bleeding today š» ā but hereās the truth š
1ļøā£ A whale just dumped 24,000 BTC š£ causing a flash crash.
2ļøā£ $800M+ in liquidations wiped out leveraged traders ā”
3ļøā£ Powellās speech hype cooled off, and profit-taking kicked in.
But remember this:
š Pullbacks = opportunity.
š Smart money rotates, it doesnāt exit.
š BTC holding $110K support = bullish long term.
š When weak hands sell in fear, strong hands buy the dip.
This is where real wealth is made. š
Stay calm, Binance Family š”š¤
Accumulate. Donāt capitulate
#MarketPullback
#BTCWhalesMoveToETH
#FedDovishNow
#TrumpFiresFedGovernorCook
#BNBATH900
Thank you for the advice š
#learning
#learning
š $BTC Whale Activity Alert: Donāt Fall for the Trap
Looking at the latest $BTC whale data, we can clearly see a wave of small-to-medium whale buys in the range of $10K ā $129K each, at prices around $111,800 ā $112,150.
At first glance, this may look bullish ā but remember, whales are often profit takers, not just long-term believers. They accumulate strategically and exit when retail traders chase the green candles. This sudden cluster of buys doesnāt necessarily mean an immediate pump; it could be a setup to draw in late buyers before taking profit.
The market is currently unstable, and chasing these moves with high leverage is risky. If youāre into futures, this is the exact type of environment where many traders get liquidated. Instead of rushing into trades, patience is key.
š If you want exposure, spot investing is safer here. Build gradually, donāt FOMO into volatility. Whales love emotional retail traders ā donāt let them make you exit at a loss.
Looking at the latest $BTC whale data, we can clearly see a wave of small-to-medium whale buys in the range of $10K ā $129K each, at prices around $111,800 ā $112,150.
At first glance, this may look bullish ā but remember, whales are often profit takers, not just long-term believers. They accumulate strategically and exit when retail traders chase the green candles. This sudden cluster of buys doesnāt necessarily mean an immediate pump; it could be a setup to draw in late buyers before taking profit.
The market is currently unstable, and chasing these moves with high leverage is risky. If youāre into futures, this is the exact type of environment where many traders get liquidated. Instead of rushing into trades, patience is key.
š If you want exposure, spot investing is safer here. Build gradually, donāt FOMO into volatility. Whales love emotional retail traders ā donāt let them make you exit at a loss.
Learn or perish
#BinanceSquareTalks
#BinanceSquareTalks
RayhanBros
--
Bullish
šØ š³ š¦š¶š“š»š š¬š¼šāšæš² šš¹šæš²š®š±š š¶š» š® šš®š± š§šæš®š±š²šØ
Not every red candle is a mistake.
But some trades? They scream ārun!ā before the chart even confirms it.
Here are the 7 clear signs youāre stuck in a trade thatās draining your mind, not just your money šš½
1ļøā£ You Entered with Hope, Not a Plan
āIāll just tryā¦ maybe it pumps.ā
Thatās not a strategy ā thatās a coin toss.
2ļøā£ Youāre Afraid to Set a Stop Loss
āIf I set SL, itāll hit and reverse.ā
So you remove it. Now youāre naked in the storm šŖļø.
3ļøā£ You Check the Chart Every 2 Minutes
A good trade gives peace.
A bad trade gives anxiety.
4ļøā£ You Add More to a Losing Position
āIāll add small to recover fast.ā
Thatās not scaling in ā thatās pride digging deeper.
5ļøā£ You Donāt Know Where Youāll Exit
āIāll close when I recover a little.ā
Thatās emotion ā not execution.
6ļøā£ You Believe Too Much in the Coin
ā$XYZ is solid ā it canāt fall.ā
Charts donāt follow conviction. They follow momentum.
7ļøā£ You Donāt Even Know Your Risk-Reward
If you canāt answer: āHow much am I risking to make how much?ā
Youāre floating in volatility ā not trading with intention.
š§ Final Truth
āIf your trade is louder than your system, and your emotions are louder than your edge ā youāre already in danger.ā
Crypto doesnāt punish you for losing.
It punishes you for refusing to learn.
$ETH $ETH
Not every red candle is a mistake.
But some trades? They scream ārun!ā before the chart even confirms it.
Here are the 7 clear signs youāre stuck in a trade thatās draining your mind, not just your money šš½
1ļøā£ You Entered with Hope, Not a Plan
āIāll just tryā¦ maybe it pumps.ā
Thatās not a strategy ā thatās a coin toss.
2ļøā£ Youāre Afraid to Set a Stop Loss
āIf I set SL, itāll hit and reverse.ā
So you remove it. Now youāre naked in the storm šŖļø.
3ļøā£ You Check the Chart Every 2 Minutes
A good trade gives peace.
A bad trade gives anxiety.
4ļøā£ You Add More to a Losing Position
āIāll add small to recover fast.ā
Thatās not scaling in ā thatās pride digging deeper.
5ļøā£ You Donāt Know Where Youāll Exit
āIāll close when I recover a little.ā
Thatās emotion ā not execution.
6ļøā£ You Believe Too Much in the Coin
ā$XYZ is solid ā it canāt fall.ā
Charts donāt follow conviction. They follow momentum.
7ļøā£ You Donāt Even Know Your Risk-Reward
If you canāt answer: āHow much am I risking to make how much?ā
Youāre floating in volatility ā not trading with intention.
š§ Final Truth
āIf your trade is louder than your system, and your emotions are louder than your edge ā youāre already in danger.ā
Crypto doesnāt punish you for losing.
It punishes you for refusing to learn.
$ETH $ETH
Determination, persistance and burning desire can give you the will to keep holding tight till you achieve your intended goal.#BinanceHODLerPLUME
#Determination
#slowlybutsurely
#Determination
#slowlybutsurely
The principles of "Think and Grow Rich" by Napoleon Hills. Burning Desire with definiteness of purpose is the key to unlock riches.
Quoted content has been removed
Learn from those with a better experience than yours. Learning is a daily bread.
š Article: How I Turned $10 into $1000 in Crypto ā You Can Too
šø
šø You donāt need $10,000 to win in crypto. Sometimes, $10 is enough ā if you play smart.
Hereās a real, step-by-step method I used ā and how you can copy it today:
---
š¹ Step 1: Choose the Right Small-Cap Coins
I started by researching utility coins under $0.10.
I picked $TURBO, $TRB, and $ID ā coins with active communities, low market caps, and clear use cases.
> š Tip: Use platforms like CoinMarketCap to find trending low-cap projects.
---
š¹ Step 2: Wait for Entry, Donāt Chase Pumps
I didnāt buy when they were trending.
I waited for dips, used limit orders, and entered slowly ā $2 to $3 per coin.
---
š¹ Step 3: Reinvest Gains
One of my coins, $TURBO, 4xāed.
Instead of selling, I took 50% profit and reinvested in another low-cap project ā $FET, which later exploded too.
> š Compounding early wins builds momentum.
---
š¹ Step 4: Be Patient
It took 4 months to turn $10 into $1000.
But I didnāt panic sell. I set realistic targets ā 3x, 5x, 10x ā and stuck to them.
---
š¹ Step 5: Diversify into Airdrops
I used free airdrop methods with zkSync, LayerZero, and Eigenlayer.
One wallet brought me $150+ without investment ā I used those profits to scale.
---
š Final Result
From just $10, with DCA, airdrop farming, and smart reinvesting, I hit $1028.45 in 4 months. No leverage. No risk. Just patience and strategy.
---
š§ Moral of the Story:
Don't wait to save $500 to start.
Start NOW, even with $10.
š¬ Have YOU ever flipped a small amount into something big? Share it below š
#CryptoEarnings #HowToMakeMone #LowCapGems
$BTC $ETH $USDC
Hereās a real, step-by-step method I used ā and how you can copy it today:
---
š¹ Step 1: Choose the Right Small-Cap Coins
I started by researching utility coins under $0.10.
I picked $TURBO, $TRB, and $ID ā coins with active communities, low market caps, and clear use cases.
> š Tip: Use platforms like CoinMarketCap to find trending low-cap projects.
---
š¹ Step 2: Wait for Entry, Donāt Chase Pumps
I didnāt buy when they were trending.
I waited for dips, used limit orders, and entered slowly ā $2 to $3 per coin.
---
š¹ Step 3: Reinvest Gains
One of my coins, $TURBO, 4xāed.
Instead of selling, I took 50% profit and reinvested in another low-cap project ā $FET, which later exploded too.
> š Compounding early wins builds momentum.
---
š¹ Step 4: Be Patient
It took 4 months to turn $10 into $1000.
But I didnāt panic sell. I set realistic targets ā 3x, 5x, 10x ā and stuck to them.
---
š¹ Step 5: Diversify into Airdrops
I used free airdrop methods with zkSync, LayerZero, and Eigenlayer.
One wallet brought me $150+ without investment ā I used those profits to scale.
---
š Final Result
From just $10, with DCA, airdrop farming, and smart reinvesting, I hit $1028.45 in 4 months. No leverage. No risk. Just patience and strategy.
---
š§ Moral of the Story:
Don't wait to save $500 to start.
Start NOW, even with $10.
š¬ Have YOU ever flipped a small amount into something big? Share it below š
#CryptoEarnings #HowToMakeMone #LowCapGems
$BTC $ETH $USDC
Surely there is power in learning from our past mistakes. Keep on keeping on
$In the past two years, I lost over 2 million.
My savings? Gone.
I took out 160 loans, and now every single one is overdue. I've even been blacklisted.
Itās been a hard journey.
But Iām not giving up.
From July 31st, I started again ā recharged with just 5U.
After 3 days, I reached 2000U. It gave me a bit of hope.
Starting today, Iāll be sharing my real daily trades ā not to show off, but to keep track of my journey.
This is my way of staying disciplined, learning from the past, and reminding myself:
ā No more going all in.
ā No more impulsive decisions.
ā No more shortcuts.
Iām starting August with the hope that life turns aroundā¦ slowly but surely.
{spot}(BNBUSDT)
{future}(MAGICUSDT)
My savings? Gone.
I took out 160 loans, and now every single one is overdue. I've even been blacklisted.
Itās been a hard journey.
But Iām not giving up.
From July 31st, I started again ā recharged with just 5U.
After 3 days, I reached 2000U. It gave me a bit of hope.
Starting today, Iāll be sharing my real daily trades ā not to show off, but to keep track of my journey.
This is my way of staying disciplined, learning from the past, and reminding myself:
ā No more going all in.
ā No more impulsive decisions.
ā No more shortcuts.
Iām starting August with the hope that life turns aroundā¦ slowly but surely.
{spot}(BNBUSDT)
{future}(MAGICUSDT)
For warned is for armed#CryptoSecurity
She Lost 3.1 BTC ā Gone in One Click šØ
In 2020, Sarah bought Bitcoin (BTC) when it was just $9,000 per coin.
Over time, she held tight ā her 3.1 BTC grew to be worth over $180,000 by 2021. š°
It was her biggest winā¦ until it became her worst nightmare.
$BTC
One night, she got a very official-looking email from a āLedger Support Team.ā
It warned her of āsuspicious activityā and urged her to verify her wallet immediately.
Worried, she clicked the link.
Entered her seed phrase.
Seconds later ā her entire balance was GONE. š«£
$BNB
3.1 BTCā¦ vanished. No way to reverse it. No one to call.
Since then, Sarah has become a loud voice in the community ā
šØ Spreading awareness about phishing scams
š Teaching people how to secure their wallets
š”ļø And making sure others donāt suffer the same fate.
$ETH
---
š Crypto Security Tips from Sarahās Story:
ā NEVER share your seed phrase ā not even with āsupportā
ā Bookmark official websites only
ā Always verify email senders
ā Use 2FA and a hardware wallet
Your keys. Your coins. Your responsibility.
Stay sharp. Stay safe. š§ āļø
#BinanceTurn8 #ProjectCrypto #TrumpTariffs #FOMCMeeting #ETHCorporateReserves
In 2020, Sarah bought Bitcoin (BTC) when it was just $9,000 per coin.
Over time, she held tight ā her 3.1 BTC grew to be worth over $180,000 by 2021. š°
It was her biggest winā¦ until it became her worst nightmare.
$BTC
One night, she got a very official-looking email from a āLedger Support Team.ā
It warned her of āsuspicious activityā and urged her to verify her wallet immediately.
Worried, she clicked the link.
Entered her seed phrase.
Seconds later ā her entire balance was GONE. š«£
$BNB
3.1 BTCā¦ vanished. No way to reverse it. No one to call.
Since then, Sarah has become a loud voice in the community ā
šØ Spreading awareness about phishing scams
š Teaching people how to secure their wallets
š”ļø And making sure others donāt suffer the same fate.
$ETH
---
š Crypto Security Tips from Sarahās Story:
ā NEVER share your seed phrase ā not even with āsupportā
ā Bookmark official websites only
ā Always verify email senders
ā Use 2FA and a hardware wallet
Your keys. Your coins. Your responsibility.
Stay sharp. Stay safe. š§ āļø
#BinanceTurn8 #ProjectCrypto #TrumpTariffs #FOMCMeeting #ETHCorporateReserves
There is fire in the mountain what should we do. Slow but sure is the way to go
$BTC
$ADA
$BTC
$ADA
For warned is for armed
#ProjectCrypto
#ProjectCrypto
šØ SCAM ALERT šØ
---
How to spot SCAMš¤
---
How to not get wrecked in crypto š
---
š If it guarantees profits ā itās a trap.
š¬ If DMs you first ā itās bait.
š No website or fake one? š©
š No control of your private keys? RUN.
š§ If it feels too good to be true ā it is.
ā Stick to known platforms.
ā Always double-check links.
ā Donāt trust ā VERIFY.
š„ Your security is your responsibility.
$MAGIC $ETH $BTC
#Write2Earn #writetoearn #TrumpTariffs #MarketPullback #ProjectCrypto
---
How to spot SCAMš¤
---
How to not get wrecked in crypto š
---
š If it guarantees profits ā itās a trap.
š¬ If DMs you first ā itās bait.
š No website or fake one? š©
š No control of your private keys? RUN.
š§ If it feels too good to be true ā it is.
ā Stick to known platforms.
ā Always double-check links.
ā Donāt trust ā VERIFY.
š„ Your security is your responsibility.
$MAGIC $ETH $BTC
#Write2Earn #writetoearn #TrumpTariffs #MarketPullback #ProjectCrypto
Powerful lesson there take it or perishš¤#crypto
The Real Threat in Crypto Isnāt the Market ā Itās You
Letās be real:
Most traders lose money in crypto ā not because of bad coins, bad charts, or bad newsā¦But because of bad decisions.Itās not the market that breaks you ā
Itās you, and the emotions you let control your trades.Hereās how it usually goes:FOMO (Fear of Missing Out) says: āBuy now!ā ā So you buy the top.Greed says: āHold a bit longer.ā ā So you miss the peak.Fear says: āSell everything!ā ā So you panic sell the bottom.Ego says: āWin it back!ā ā So you revenge trade and lose even more.Sound familiar?Thatās not trading ā thatās emotional self-destruction.š The Hard Truth?The best traders arenāt the smartest ā theyāre the most disciplined.They donāt chase hype.
They donāt panic during dips.
They follow a plan, not their feelings.If you want to win in crypto:ā Enter with a plan, not a gut feelingā Set your stop-loss before you enter,not during a panicā Size your positions so losses donāt shake youā Accept red days ā learn, adjust, move onAnd most importantly:
Detach.Your trades ā your identity
Your portfolio ā your self-worth
Youāre the pilot, not the planeIn the end, itās simple:
šÆ Discipline is your edge
š„ Emotion is your enemy
š Success is quiet, not loud
# #TradeSmar #CryptoMindset #BinanceSquare #HODLwithWisdom $XRP {spot}(XRPUSDT)
Most traders lose money in crypto ā not because of bad coins, bad charts, or bad newsā¦But because of bad decisions.Itās not the market that breaks you ā
Itās you, and the emotions you let control your trades.Hereās how it usually goes:FOMO (Fear of Missing Out) says: āBuy now!ā ā So you buy the top.Greed says: āHold a bit longer.ā ā So you miss the peak.Fear says: āSell everything!ā ā So you panic sell the bottom.Ego says: āWin it back!ā ā So you revenge trade and lose even more.Sound familiar?Thatās not trading ā thatās emotional self-destruction.š The Hard Truth?The best traders arenāt the smartest ā theyāre the most disciplined.They donāt chase hype.
They donāt panic during dips.
They follow a plan, not their feelings.If you want to win in crypto:ā Enter with a plan, not a gut feelingā Set your stop-loss before you enter,not during a panicā Size your positions so losses donāt shake youā Accept red days ā learn, adjust, move onAnd most importantly:
Detach.Your trades ā your identity
Your portfolio ā your self-worth
Youāre the pilot, not the planeIn the end, itās simple:
šÆ Discipline is your edge
š„ Emotion is your enemy
š Success is quiet, not loud
# #TradeSmar #CryptoMindset #BinanceSquare #HODLwithWisdom $XRP {spot}(XRPUSDT)
Learn or perish
š§ š The $800 Million Bitcoin Password Mistake ā A Crypto Tragedy
By: Expert Wahid
A German programmer, Stefan Thomas, owns 7,002 BTC ā today worth over $800 million. But he canāt touch a single satoshi. Why?
š His private keys are locked inside a secure IronKey USB drive, which only allows 10 attempts to enter the correct password.
ā Stefan has already made 8 wrong guesses.
ā³ Now only 2 attempts remain before the wallet is encrypted forever. No recovery. No second chance.
Despite expert help and global attention, his fortune remains trapped by one forgotten password.
He refuses to risk further guesses ā knowing one wrong move could wipe out his digital wealth forever.
š” This is the harsh reality of crypto:
"Not your keys, not your coins."
In decentralization, thereās no "Forgot Password" option.
š Crypto Tip by Expert Wahid:
Always back up your seed phrase securely. Use hardware wallets wisely, and never rely on memory alone. A small mistake can cost millions.
š Learn the lesson before it's your turn.
#CryptoSecurity #bitcoinlost#StefanThomas #IronKey #ExpertWahid #BTC #WriteToEarn #DigitalAssets" ts #CryptoAwareness
By: Expert Wahid
A German programmer, Stefan Thomas, owns 7,002 BTC ā today worth over $800 million. But he canāt touch a single satoshi. Why?
š His private keys are locked inside a secure IronKey USB drive, which only allows 10 attempts to enter the correct password.
ā Stefan has already made 8 wrong guesses.
ā³ Now only 2 attempts remain before the wallet is encrypted forever. No recovery. No second chance.
Despite expert help and global attention, his fortune remains trapped by one forgotten password.
He refuses to risk further guesses ā knowing one wrong move could wipe out his digital wealth forever.
š” This is the harsh reality of crypto:
"Not your keys, not your coins."
In decentralization, thereās no "Forgot Password" option.
š Crypto Tip by Expert Wahid:
Always back up your seed phrase securely. Use hardware wallets wisely, and never rely on memory alone. A small mistake can cost millions.
š Learn the lesson before it's your turn.
#CryptoSecurity #bitcoinlost#StefanThomas #IronKey #ExpertWahid #BTC #WriteToEarn #DigitalAssets" ts #CryptoAwareness
It is often said too much of anything becomes monotonous oh yes they say that, but on spot Trading too much of patience is all that you need to be the ultimate winner
#A2Z
#BTTC
#CryptoPatience
$BTC
$TRX
#A2Z
#BTTC
#CryptoPatience
$BTC
$TRX
Are you enjoying the A2Z launch or you nose dived. Whats your prediction on its price movement #A2ZUSDT
Still zooming it.
Still zooming it.
This is a great stepping stone into crypto trading. Thank youššš
Binance Academy
--
A Beginner's Guide to Cryptocurrency Trading
Key Takeaways
Cryptocurrency trading involves buying and selling digital assets with the goal of making a profit.
To trade crypto, you'll need to choose a reliable exchange, create an account, and understand key trading concepts like trading pairs and order types.
Common trading strategies include day trading, swing trading, scalping, and long-term investing (HODLing).
Traders use technical and fundamental analysis to guide their decisions. Managing risk through proper planning and diversification is essential to long-term success.
Introduction
Cryptocurrency has attracted millions of traders and investors worldwide, from casual investors to financial institutions. But for beginners, the terminology, strategies, and fast-moving markets can be daunting.
Are you considering your first purchase or simply curious to learn more? This guide will walk you through the fundamentals of cryptocurrency trading ā including how to get started, the basic terminology, different types of trading strategies, and how to manage risk.
What Is Cryptocurrency Trading?
Cryptocurrency trading refers to buying and selling digital assets on exchanges for the purpose of making a profit. Unlike traditional markets, crypto markets operate 24/7, giving traders more flexibility but also exposing them to constant price changes.
There are thousands of cryptocurrencies out there, but there is a good chance you have heard of some of the most popular ones, such as Bitcoin and Ethereum. In fact, these are the names of the blockchain networks. The tradable crypto-assets are called bitcoin (BTC) and ether (ETH).
How it works
Crypto traders can go ālongā (buying an asset expecting its value to rise) or āshortā (selling an asset expecting its price to drop). Some traders hold assets for longer periods, while others prefer to move in and out of positions quickly, depending on their strategy and risk tolerance (more on these strategies soon).
You can trade cryptocurrencies against fiat currencies (such as USD, EUR, etc.) or against other cryptocurrencies. The assets you choose and the exchange you use will affect your trading experience.
Before Trading Cryptocurrency
1. Learn the basics
Before diving into cryptocurrency trading, it's important to take some time to learn the basics. Binance Academyās trading articles and educational courses are a good place to start.
2. Choose a crypto exchange
Choose a reliable and secure cryptocurrency exchange. Ideally, it should have a proven track record, excellent reputation, strong security protocols, and responsive customer support. If Binance is available in your region, you are off to a great start.
For newcomers, beginning with a centralized exchange is recommended. As you gain more experience in crypto trading, you can explore decentralized exchanges (DEXs) at a later stage.
3. Create your account
Once you've chosen an exchange, the next step is to create your account. This usually involves providing your email, setting a password, and agreeing to terms.Ā
Exchanges often require identity verification (KYC) to ensure security and comply with regulations. You would need to submit a government-issued ID, proof of residence, and any other documents to complete setting up your account.
How to Start Trading Cryptocurrency
1. Fund your trading account
After you create an account, you can deposit fiat currency into your account. Most centralized exchanges allow users to deposit fiat via bank transfers, bank wires, or other common methods. Depending on the platform and location, you may also be able to buy crypto using a credit card.Ā
If you happen to own some crypto already, you can deposit it into your exchange account. Remember to always send your coins to the associated address: send Bitcoin to your Bitcoin address, ether to your Ethereum address, and so on. Sending crypto to the wrong addresses may result in permanent losses.
2. Choose a trading pair
Cryptocurrencies are traded in pairs (e.g., BTC/USDT, ETH/BTC). A trading pair tells you which assets are being exchanged. For example, in the BTC/USDT pair, you're trading Bitcoin against Tether (a stablecoin pegged to the US dollar).
Crypto-to-fiat trading pairs involve a cryptocurrency and a traditional fiat currency, such as the BTC/EUR trading pair. If the current value of one BTC is 92,175 euros, the BTC/EUR trading pair chart will show the same value as the market price.Ā
In other words, you need 92,175 euros to buy 1 BTC, half of that to buy 0.5 BTC, and so on. Note that you can buy as little as 5 EUR worth of bitcoin.
Crypto-to-crypto trading pairs involve two different cryptocurrencies, such as the ETH/BTC trading pair. At the time of writing, ether (ETH) is being traded at 0.02285 BTC per unit of ETH.
3. Check the order book
An order book is a real-time, dynamic list of buy and sell orders placed by traders. It provides a snapshot of the supply and demand for a specific asset at different price levels.
Buy orders (bids) list the orders from traders who want to buy, organized from the highest bid price to the lowest. Sell orders (asks) display the orders from traders who want to sell, organized from the lowest ask price to the highest.
Order Book on the Binance App (BNB/USDT).
4. Choose your order type
Market order
A market order is the simplest type of order, in which you buy or sell immediately at the best available price. Itās the fastest way to buy or sell when you donāt want to wait.
Let's say the current highest bid (buy order) for one bitcoin is $100,000, while the lowest ask (sell order) is $100,100. If you place a market order to buy BTC, your order will be matched with the lowest ask, which is $100,100. If you place a market order to sell BTC, your order will be matched with the highest bid at $100,000.
Limit order
A limit order is an order to buy or sell at a specific price or better. Itās a slower way to buy or sell but allows you to set the exact price you want.
For example, if bitcoin is trading for $100,000 but you want to buy it for $98,000 or less, you can set a buy limit order at $98,000. If the price drops to $98,000 or less, your limit order will (likely) be executed, and you'll purchase bitcoin at the desired price. But if the price never drops to your limit price, your order won't be executed.
5. Develop your trading strategy
Think about your trading style and strategy. Every trader is unique, so itās usually better to create your own trading system and improve it as you go rather than copying other traders. This will help you improve and hopefully achieve a more consistent trading performance in the long term.
Regardless of the chosen strategy, itās important to manage risk and learn from your mistakes. A trading journal that tracks your trades (including your thought process and decisions) can be incredibly helpful.
Popular Trading Strategies
There are many crypto trading strategies that you can employ, each with its own set of risks and benefits. Letās go through some of the most popular trading approaches.
Day trading
Day trading is a strategy that involves entering and exiting positions within the same day. In day trading, youāll often rely on technical analysis to determine which assets to trade. This trading style can be profitable, but itās challenging and definitely not for everyone. Day trading tends to be more stressful and time-consuming than swing trading or long-term HODLing, so itās generally not recommended for beginners.
Swing trading
In swing trading, youāre still trying to profit off market trends, but the time horizon is longer ā positions are typically held anywhere from a couple of days to a couple of months. Swing trading tends to be a more beginner-friendly strategy, mainly because it doesnāt come with the stress and time-consuming pace of day trading.Ā
Scalping
Of all of the trading strategies discussed so far, scalping takes place across the smallest time frames. Scalpers attempt to game small fluctuations in price, often entering and exiting positions within minutes (or even seconds). As a form of day trading, scalping is also not recommended for beginners.
In most cases, theyāll use technical analysis to try and predict price movements and exploit bid-ask spreads or other inefficiencies to make a profit. Due to the short time frames, scalping usually has thin profit margins. Scalpers generally trade bigger volumes or dozens of trades to gradually achieve sizable profits.
HODLingĀ
While not exactly an active trading strategy, long-term investors, also known as "HODLers," aim to benefit from the overall growth of the cryptocurrency market. They buy and hold cryptocurrencies for an extended period, often months or years.
As a ābuy and forgetā strategy, HODLing is among the least stressful options. Itās ideal for those who believe in the long-term potential of specific assets and are willing to weather short-term price fluctuations. While this strategy requires patience, it can provide substantial returns over time, especially for bitcoin holders.
Technical Analysis (TA)
Technical analysis is the art of interpreting price charts, recognizing patterns, and harnessing indicators to anticipate potential price movements.
Candlestick charts
A candlestick chart is a graphical representation of the price of an asset for a given timeframe. Itās made up of candlesticks, each representing the same amount of time.Ā
For example, a 1-hour chart shows candlesticks that each represent a period of one hour. A 1-day chart shows candlesticks that each represent a period of one day, and so on.
Daily chart of Bitcoin. Each candlestick represents one day of trading.
A candlestick is made up of four data points: the Open, High, Low, and Close (also referred to as the OHLC values). The Open (1) and Close (4) are the first and last recorded prices for the given timeframe, while the High (2) and Low (3) are the highest and lowest recorded prices, respectively.
Support and resistance levels
Support means a level where the price finds a floorāan area of significant demand where buyers tend to step in and push the price up.
Resistance means a level where the price finds a ceilingā an area of significant supply where sellers tend to step in and push the price down.
The support level (red) is tested and broken, turning into resistance.
Technical analysis indicators
Traders rely on technical indicators to better understand an assetās price movements. These tools help reveal patterns and highlight possible opportunities to enter or exit trades based on current market conditions.
Popular examples of technical analysis indicators include trend lines, moving averages, Bollinger Bands, Ichimoku Clouds, and Fibonacci Retracement, which can also suggest potential support and resistance levels.
Fundamental Analysis (FA)
Fundamental analysis is a method used by investors and traders to determine the intrinsic value of an asset or business. In crypto trading, it often involves investigating the technology, team, adoption potential, and overall viability of a project.
In crypto trading, fundamental analysis (FA) evaluates the value of a cryptocurrency by analyzing its technology, use case, development team, tokenomics, and adoption.
In crypto trading, FA might also include things like:
On-chain data (e.g., number of active addresses, transaction volume, etc.)
Project roadmaps and news
Community and developer activity
Risk Management in Cryptocurrency Trading
Risk management refers to identifying the financial risks involved with your investments and minimizing them as much as possible. Letās take a look at a few popular strategies.Ā Ā
1. Limit your lossesĀ
Make sure you donāt trade more than you can afford to lose. Use advanced order types to lock in profits or protect yourself from losses. For instance, stop-loss orders allow traders to limit losses when a trade goes wrong. Take-profit orders ensure that you lock in profits when a trade goes well.
2. Have an exit strategy
Itās always a good idea to plan for the worst. So, having an exit strategy is an essential way to manage your risks. It's easy to get caught up in a bull market and its euphoria, but having a plan to exit your position can help lock in gains or prevent big losses in case things go bad.
One way is to use limit orders to take profit or place a floor on maximum loss that you can stand. As a general rule of thumb, once you have your exit plan, you should stick to it. Plan your trade and trade your plan.
3. Diversification
Diversifying your portfolio is one way to reduce your overall risk. You can hold a variety of different assets, keep each position at an appropriate size, and constantly rebalance the portfolio, so you won't be too heavily invested in any one asset. This can minimize the chance of oversized losses.
4. HedgingĀ
Although this requires a bit more experience, you can consider hedging your open positions, which means taking a position in a related asset that is expected to move in the opposite direction of the primary position. The purpose is to offset potential losses.
For example, if you own $10,000 worth of bitcoin and want to hedge against a possible decrease in its price, you could buy a put option for a premium that gives you the right to sell your BTC at $100,000 a few weeks from now.Ā
If Bitcoin's price falls to $80,000, you can exercise your option and sell for $100,000, significantly reducing your losses. If the price doesnāt fall, you only lose the premium paid while still profiting from the uptrend of your long position.
Closing ThoughtsĀ
Markets can be unpredictable, and cryptocurrency markets are particularly volatile. With continued learning, however, you should be able to become a better crypto trader.
Remember to prioritize risk management in your trading journey. Stay informed about the latest developments in the crypto space, continue refining your skills, and adapt your strategies as needed.
Further Reading
What Is Swing Trading in Crypto?
Crypto Day Trading vs. HODLing: Which Strategy Is Best for You?
A Beginner's Guide to Candlestick Charts
5 Exit Strategies for Traders
Disclaimer: This content is presented to you on an āas isā basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Cryptocurrency trading involves buying and selling digital assets with the goal of making a profit.
To trade crypto, you'll need to choose a reliable exchange, create an account, and understand key trading concepts like trading pairs and order types.
Common trading strategies include day trading, swing trading, scalping, and long-term investing (HODLing).
Traders use technical and fundamental analysis to guide their decisions. Managing risk through proper planning and diversification is essential to long-term success.
Introduction
Cryptocurrency has attracted millions of traders and investors worldwide, from casual investors to financial institutions. But for beginners, the terminology, strategies, and fast-moving markets can be daunting.
Are you considering your first purchase or simply curious to learn more? This guide will walk you through the fundamentals of cryptocurrency trading ā including how to get started, the basic terminology, different types of trading strategies, and how to manage risk.
What Is Cryptocurrency Trading?
Cryptocurrency trading refers to buying and selling digital assets on exchanges for the purpose of making a profit. Unlike traditional markets, crypto markets operate 24/7, giving traders more flexibility but also exposing them to constant price changes.
There are thousands of cryptocurrencies out there, but there is a good chance you have heard of some of the most popular ones, such as Bitcoin and Ethereum. In fact, these are the names of the blockchain networks. The tradable crypto-assets are called bitcoin (BTC) and ether (ETH).
How it works
Crypto traders can go ālongā (buying an asset expecting its value to rise) or āshortā (selling an asset expecting its price to drop). Some traders hold assets for longer periods, while others prefer to move in and out of positions quickly, depending on their strategy and risk tolerance (more on these strategies soon).
You can trade cryptocurrencies against fiat currencies (such as USD, EUR, etc.) or against other cryptocurrencies. The assets you choose and the exchange you use will affect your trading experience.
Before Trading Cryptocurrency
1. Learn the basics
Before diving into cryptocurrency trading, it's important to take some time to learn the basics. Binance Academyās trading articles and educational courses are a good place to start.
2. Choose a crypto exchange
Choose a reliable and secure cryptocurrency exchange. Ideally, it should have a proven track record, excellent reputation, strong security protocols, and responsive customer support. If Binance is available in your region, you are off to a great start.
For newcomers, beginning with a centralized exchange is recommended. As you gain more experience in crypto trading, you can explore decentralized exchanges (DEXs) at a later stage.
3. Create your account
Once you've chosen an exchange, the next step is to create your account. This usually involves providing your email, setting a password, and agreeing to terms.Ā
Exchanges often require identity verification (KYC) to ensure security and comply with regulations. You would need to submit a government-issued ID, proof of residence, and any other documents to complete setting up your account.
How to Start Trading Cryptocurrency
1. Fund your trading account
After you create an account, you can deposit fiat currency into your account. Most centralized exchanges allow users to deposit fiat via bank transfers, bank wires, or other common methods. Depending on the platform and location, you may also be able to buy crypto using a credit card.Ā
If you happen to own some crypto already, you can deposit it into your exchange account. Remember to always send your coins to the associated address: send Bitcoin to your Bitcoin address, ether to your Ethereum address, and so on. Sending crypto to the wrong addresses may result in permanent losses.
2. Choose a trading pair
Cryptocurrencies are traded in pairs (e.g., BTC/USDT, ETH/BTC). A trading pair tells you which assets are being exchanged. For example, in the BTC/USDT pair, you're trading Bitcoin against Tether (a stablecoin pegged to the US dollar).
Crypto-to-fiat trading pairs involve a cryptocurrency and a traditional fiat currency, such as the BTC/EUR trading pair. If the current value of one BTC is 92,175 euros, the BTC/EUR trading pair chart will show the same value as the market price.Ā
In other words, you need 92,175 euros to buy 1 BTC, half of that to buy 0.5 BTC, and so on. Note that you can buy as little as 5 EUR worth of bitcoin.
Crypto-to-crypto trading pairs involve two different cryptocurrencies, such as the ETH/BTC trading pair. At the time of writing, ether (ETH) is being traded at 0.02285 BTC per unit of ETH.
3. Check the order book
An order book is a real-time, dynamic list of buy and sell orders placed by traders. It provides a snapshot of the supply and demand for a specific asset at different price levels.
Buy orders (bids) list the orders from traders who want to buy, organized from the highest bid price to the lowest. Sell orders (asks) display the orders from traders who want to sell, organized from the lowest ask price to the highest.
Order Book on the Binance App (BNB/USDT).
4. Choose your order type
Market order
A market order is the simplest type of order, in which you buy or sell immediately at the best available price. Itās the fastest way to buy or sell when you donāt want to wait.
Let's say the current highest bid (buy order) for one bitcoin is $100,000, while the lowest ask (sell order) is $100,100. If you place a market order to buy BTC, your order will be matched with the lowest ask, which is $100,100. If you place a market order to sell BTC, your order will be matched with the highest bid at $100,000.
Limit order
A limit order is an order to buy or sell at a specific price or better. Itās a slower way to buy or sell but allows you to set the exact price you want.
For example, if bitcoin is trading for $100,000 but you want to buy it for $98,000 or less, you can set a buy limit order at $98,000. If the price drops to $98,000 or less, your limit order will (likely) be executed, and you'll purchase bitcoin at the desired price. But if the price never drops to your limit price, your order won't be executed.
5. Develop your trading strategy
Think about your trading style and strategy. Every trader is unique, so itās usually better to create your own trading system and improve it as you go rather than copying other traders. This will help you improve and hopefully achieve a more consistent trading performance in the long term.
Regardless of the chosen strategy, itās important to manage risk and learn from your mistakes. A trading journal that tracks your trades (including your thought process and decisions) can be incredibly helpful.
Popular Trading Strategies
There are many crypto trading strategies that you can employ, each with its own set of risks and benefits. Letās go through some of the most popular trading approaches.
Day trading
Day trading is a strategy that involves entering and exiting positions within the same day. In day trading, youāll often rely on technical analysis to determine which assets to trade. This trading style can be profitable, but itās challenging and definitely not for everyone. Day trading tends to be more stressful and time-consuming than swing trading or long-term HODLing, so itās generally not recommended for beginners.
Swing trading
In swing trading, youāre still trying to profit off market trends, but the time horizon is longer ā positions are typically held anywhere from a couple of days to a couple of months. Swing trading tends to be a more beginner-friendly strategy, mainly because it doesnāt come with the stress and time-consuming pace of day trading.Ā
Scalping
Of all of the trading strategies discussed so far, scalping takes place across the smallest time frames. Scalpers attempt to game small fluctuations in price, often entering and exiting positions within minutes (or even seconds). As a form of day trading, scalping is also not recommended for beginners.
In most cases, theyāll use technical analysis to try and predict price movements and exploit bid-ask spreads or other inefficiencies to make a profit. Due to the short time frames, scalping usually has thin profit margins. Scalpers generally trade bigger volumes or dozens of trades to gradually achieve sizable profits.
HODLingĀ
While not exactly an active trading strategy, long-term investors, also known as "HODLers," aim to benefit from the overall growth of the cryptocurrency market. They buy and hold cryptocurrencies for an extended period, often months or years.
As a ābuy and forgetā strategy, HODLing is among the least stressful options. Itās ideal for those who believe in the long-term potential of specific assets and are willing to weather short-term price fluctuations. While this strategy requires patience, it can provide substantial returns over time, especially for bitcoin holders.
Technical Analysis (TA)
Technical analysis is the art of interpreting price charts, recognizing patterns, and harnessing indicators to anticipate potential price movements.
Candlestick charts
A candlestick chart is a graphical representation of the price of an asset for a given timeframe. Itās made up of candlesticks, each representing the same amount of time.Ā
For example, a 1-hour chart shows candlesticks that each represent a period of one hour. A 1-day chart shows candlesticks that each represent a period of one day, and so on.
Daily chart of Bitcoin. Each candlestick represents one day of trading.
A candlestick is made up of four data points: the Open, High, Low, and Close (also referred to as the OHLC values). The Open (1) and Close (4) are the first and last recorded prices for the given timeframe, while the High (2) and Low (3) are the highest and lowest recorded prices, respectively.
Support and resistance levels
Support means a level where the price finds a floorāan area of significant demand where buyers tend to step in and push the price up.
Resistance means a level where the price finds a ceilingā an area of significant supply where sellers tend to step in and push the price down.
The support level (red) is tested and broken, turning into resistance.
Technical analysis indicators
Traders rely on technical indicators to better understand an assetās price movements. These tools help reveal patterns and highlight possible opportunities to enter or exit trades based on current market conditions.
Popular examples of technical analysis indicators include trend lines, moving averages, Bollinger Bands, Ichimoku Clouds, and Fibonacci Retracement, which can also suggest potential support and resistance levels.
Fundamental Analysis (FA)
Fundamental analysis is a method used by investors and traders to determine the intrinsic value of an asset or business. In crypto trading, it often involves investigating the technology, team, adoption potential, and overall viability of a project.
In crypto trading, fundamental analysis (FA) evaluates the value of a cryptocurrency by analyzing its technology, use case, development team, tokenomics, and adoption.
In crypto trading, FA might also include things like:
On-chain data (e.g., number of active addresses, transaction volume, etc.)
Project roadmaps and news
Community and developer activity
Risk Management in Cryptocurrency Trading
Risk management refers to identifying the financial risks involved with your investments and minimizing them as much as possible. Letās take a look at a few popular strategies.Ā Ā
1. Limit your lossesĀ
Make sure you donāt trade more than you can afford to lose. Use advanced order types to lock in profits or protect yourself from losses. For instance, stop-loss orders allow traders to limit losses when a trade goes wrong. Take-profit orders ensure that you lock in profits when a trade goes well.
2. Have an exit strategy
Itās always a good idea to plan for the worst. So, having an exit strategy is an essential way to manage your risks. It's easy to get caught up in a bull market and its euphoria, but having a plan to exit your position can help lock in gains or prevent big losses in case things go bad.
One way is to use limit orders to take profit or place a floor on maximum loss that you can stand. As a general rule of thumb, once you have your exit plan, you should stick to it. Plan your trade and trade your plan.
3. Diversification
Diversifying your portfolio is one way to reduce your overall risk. You can hold a variety of different assets, keep each position at an appropriate size, and constantly rebalance the portfolio, so you won't be too heavily invested in any one asset. This can minimize the chance of oversized losses.
4. HedgingĀ
Although this requires a bit more experience, you can consider hedging your open positions, which means taking a position in a related asset that is expected to move in the opposite direction of the primary position. The purpose is to offset potential losses.
For example, if you own $10,000 worth of bitcoin and want to hedge against a possible decrease in its price, you could buy a put option for a premium that gives you the right to sell your BTC at $100,000 a few weeks from now.Ā
If Bitcoin's price falls to $80,000, you can exercise your option and sell for $100,000, significantly reducing your losses. If the price doesnāt fall, you only lose the premium paid while still profiting from the uptrend of your long position.
Closing ThoughtsĀ
Markets can be unpredictable, and cryptocurrency markets are particularly volatile. With continued learning, however, you should be able to become a better crypto trader.
Remember to prioritize risk management in your trading journey. Stay informed about the latest developments in the crypto space, continue refining your skills, and adapt your strategies as needed.
Further Reading
What Is Swing Trading in Crypto?
Crypto Day Trading vs. HODLing: Which Strategy Is Best for You?
A Beginner's Guide to Candlestick Charts
5 Exit Strategies for Traders
Disclaimer: This content is presented to you on an āas isā basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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