newbie
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#2024WithBinance #newbie
Hey,
I'm 22 and not great with crypto ๐ฎโ๐จ. I earned about $30 in crypto from Honeygain and thought I'd give it a shot. It's not hard-earned money, but it's still money, so I don't want to lose it on high-risk stuff like P2P or trading (not my thing, and I haven't even tried studying it because staring at screens all day isn't for me).
I asked ChatGPT to find some altcoins with high market cap, high trading volumes, and some emerging cryptos to diversify my $30 portfolio for 2 months.
Here's what it suggested: [in the picture]
Why 2 months, you ask? I read that altcoin seasons usually last 3-4 months, so I'll convert everything to a stablecoin like (FDUSD )after 2-2.5 months. When the bull market turns into a bear market in the next 1-2 years, I'll re-enter with more capital.
Oh, and I already bought those cryptos according to GPT's portfolio and staked them in the EARN section (who doesn't love free money?).
I'll be uninstalling the Binance app for 2-2.5 months to stay disciplined (checking my portfolio regularly makes me panic when it goes red, and I might make decisions against my original plan).
NOW YOU MIGHT SAY ALL THIS FOR $30?
As I said, I have a small risk appetite for crypto (I know nothing about it). And for me, money is money. I don't want to lose it just because I didn't earn it.
thank you.
Hey,
I'm 22 and not great with crypto ๐ฎโ๐จ. I earned about $30 in crypto from Honeygain and thought I'd give it a shot. It's not hard-earned money, but it's still money, so I don't want to lose it on high-risk stuff like P2P or trading (not my thing, and I haven't even tried studying it because staring at screens all day isn't for me).
I asked ChatGPT to find some altcoins with high market cap, high trading volumes, and some emerging cryptos to diversify my $30 portfolio for 2 months.
Here's what it suggested: [in the picture]
Why 2 months, you ask? I read that altcoin seasons usually last 3-4 months, so I'll convert everything to a stablecoin like (FDUSD )after 2-2.5 months. When the bull market turns into a bear market in the next 1-2 years, I'll re-enter with more capital.
Oh, and I already bought those cryptos according to GPT's portfolio and staked them in the EARN section (who doesn't love free money?).
I'll be uninstalling the Binance app for 2-2.5 months to stay disciplined (checking my portfolio regularly makes me panic when it goes red, and I might make decisions against my original plan).
NOW YOU MIGHT SAY ALL THIS FOR $30?
As I said, I have a small risk appetite for crypto (I know nothing about it). And for me, money is money. I don't want to lose it just because I didn't earn it.
thank you.
#ericknoz
#newbie
#tips
#most of newbie traders do this. stop doing again!
first try with some 50 to 100usdt with futures x20
then slowly increase to x100 leverage.
then after a big loss they try with more money. after wallet empty. try again with 5 to 20usdt in futures x10 with signal from some telegram group.
if you win then he things about 50x and a dream with car. next trying some pumping coins and wipe out money to other platforms which dont have withdrawals. now fed-up with loosing and trying some mining sites and got scammed. at last trying spot and earn little profit hoping to get a big profit on trb or any monitoring coins. after a big dump loose again then always focusing only in big profits on low margins. at last holding for 2 months and sell for 50% lost. then they get an idea of quick selling. after selling the coins in lost. after 2 hours coins reached its ATH. again thing of it and buying and top prices then get some dump. repeatedly happens. will he do now?
thing about sol trb pepe and shibu of moon rockets.
then buying the rocket coin when it is dispatched the pumping engine and entering to earth with a big crash. at last having a 2% of old coins and converting it to bnb and looking for bnb goes to 1000usdt.
ok first stop from this any where. and force your self to money management. read listen watch then react. dont panic.
iam not a adviser but some help to loosing and ideas to start earn is my message.
if you are in this category or want to get some tips please thumps up. and chapter 2 coming with good tips what i have learnt. try it or just leave it if uncomfortable for you. always do your own research.
#newbie
#tips
#most of newbie traders do this. stop doing again!
first try with some 50 to 100usdt with futures x20
then slowly increase to x100 leverage.
then after a big loss they try with more money. after wallet empty. try again with 5 to 20usdt in futures x10 with signal from some telegram group.
if you win then he things about 50x and a dream with car. next trying some pumping coins and wipe out money to other platforms which dont have withdrawals. now fed-up with loosing and trying some mining sites and got scammed. at last trying spot and earn little profit hoping to get a big profit on trb or any monitoring coins. after a big dump loose again then always focusing only in big profits on low margins. at last holding for 2 months and sell for 50% lost. then they get an idea of quick selling. after selling the coins in lost. after 2 hours coins reached its ATH. again thing of it and buying and top prices then get some dump. repeatedly happens. will he do now?
thing about sol trb pepe and shibu of moon rockets.
then buying the rocket coin when it is dispatched the pumping engine and entering to earth with a big crash. at last having a 2% of old coins and converting it to bnb and looking for bnb goes to 1000usdt.
ok first stop from this any where. and force your self to money management. read listen watch then react. dont panic.
iam not a adviser but some help to loosing and ideas to start earn is my message.
if you are in this category or want to get some tips please thumps up. and chapter 2 coming with good tips what i have learnt. try it or just leave it if uncomfortable for you. always do your own research.
A Newbie's First Experience with Binance Future Trading
I tried to enter the crypto world a while back, and it's been quite a journey. The highs and lows, the ups and downs, have made it all worthwhile. However, despite testing out all of Binance's features, I had always been too scared to try future trading.
That is until Binance gifted me $5 in my future wallet. So, I decided to give it a go and staked $5 in Sell/Short for $REZ . To my surprise, I made a profit of over $20. Now, I'm not sure whether to continue holding or to withdraw my earnings. What do you guys think?
#BinanceProfitPotential #futuretrading #profit #newbie #CryptoWatchMay2024
I tried to enter the crypto world a while back, and it's been quite a journey. The highs and lows, the ups and downs, have made it all worthwhile. However, despite testing out all of Binance's features, I had always been too scared to try future trading.
That is until Binance gifted me $5 in my future wallet. So, I decided to give it a go and staked $5 in Sell/Short for $REZ . To my surprise, I made a profit of over $20. Now, I'm not sure whether to continue holding or to withdraw my earnings. What do you guys think?
#BinanceProfitPotential #futuretrading #profit #newbie #CryptoWatchMay2024
Tips for newbies
Always thoroughly research the assets you're considering trading. Understand their fundamentals, market trends, and any news or events that could affect their value.
#LearnAndGrow
#crypto
#newbie
Always thoroughly research the assets you're considering trading. Understand their fundamentals, market trends, and any news or events that could affect their value.
#LearnAndGrow
#crypto
#newbie
#MyFirstSquarePost Hello, Binance Square! Hope all is well with each and everyone of you?
COMING SOON!!!!!!!!!!!!!!
I will be publishing some of my NFT's to the market.
#nft2024 #bnb #newbie #NftTrader's
COMING SOON!!!!!!!!!!!!!!
I will be publishing some of my NFT's to the market.
#nft2024 #bnb #newbie #NftTrader's
Newbie Spot VS Future in simple language
Let's say :
A. You have $FDUSD only
B. You are investing in $BTC / $FDUSD pair
So, let's compare
Spot = FDUSD in spot wallet
Future = FDUSD in future wallet
+++++
Spot = You can only BUY BTC
Future = You can BUY or SELL BTC
+++++
Spot = Leverage is X1
Future = Leverage is optional from 1X up to 50X
example:
In 1X, price up/down of 0.01 FDUSD equals profit/loss of 0.01 FDUSD
In 10X, price up/down of 0.01 FDUSD equals profit/loss of 0.1 FDUSD
In 1X, price up/down of 19 FDUSD equals profit/loss of 19 FDUSD
In 20X, price up/down of 19 FDUSD equals profit/loss of 380 FDUSD
+++++
Spot = you do not have to sell the BTC you bought.
Future = you make a contract to settle/close your position using the FDUSD in your future wallet. You will be liquidated when the price moves against your position, and the total of your loss is equals to all the FDUSD in your future wallet. Meaning you then have 0 FDUSD in your future wallet.
CMIIW and as always DYOR
#future #spot #newbie #write2earn
Let's say :
A. You have $FDUSD only
B. You are investing in $BTC / $FDUSD pair
So, let's compare
Spot = FDUSD in spot wallet
Future = FDUSD in future wallet
+++++
Spot = You can only BUY BTC
Future = You can BUY or SELL BTC
+++++
Spot = Leverage is X1
Future = Leverage is optional from 1X up to 50X
example:
In 1X, price up/down of 0.01 FDUSD equals profit/loss of 0.01 FDUSD
In 10X, price up/down of 0.01 FDUSD equals profit/loss of 0.1 FDUSD
In 1X, price up/down of 19 FDUSD equals profit/loss of 19 FDUSD
In 20X, price up/down of 19 FDUSD equals profit/loss of 380 FDUSD
+++++
Spot = you do not have to sell the BTC you bought.
Future = you make a contract to settle/close your position using the FDUSD in your future wallet. You will be liquidated when the price moves against your position, and the total of your loss is equals to all the FDUSD in your future wallet. Meaning you then have 0 FDUSD in your future wallet.
CMIIW and as always DYOR
#future #spot #newbie #write2earn