WhiteBIT News

2023-03-12 09:00:49 Open / Comment

2023-03-11 12:00:04 Count on your fingers

Market capitalization or market cap is the current market value of the specific cryptocurrency. You can calculate it by multiplying the number of crypto assets in circulation by the asset's price.

Example: The project has 10 000 tokens in circulation and 100 000 assets in total. One such token costs $5. Let's use the formula: Market cap = current supply х price. It turns out that the token's capitalization = 10 000 х $5 = $50 000.

By analyzing the market cap, you can determine the relative stability of crypto, whether it can experience a sharp collapse, and how risky investing in it can be.

There are many other indicators to consider when analyzing the market. But the Market cap is among the most important ones you can include in your trading plan.

#helpfulWB

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2023-03-11 09:00:49 Open / Comment

2023-03-10 18:45:04 Straight-A students

What's up with the Bitsgap quiz? Here are our winners:

shaky_uma#9298
ruslantsaran#6794
Moy_Gospodin#5645

Congratulations! Expect crypto on your balance within 5 business days. Wait for the Bitsgap subscription on your account.

Your quiz answers were excellent, but unfortunately not all users who gave correct answers completed all requirements that included over 500+ USDT trading volume on the WBT/USDT pair with WhiteBIT trading bot on Bitsgap.

#activities
#partnerships

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2023-03-10 18:05:51 New interests are here: fees and Crypto Lending

A new daily fee and Crypto Lending plans will be applied today. Don’t worry. If you have opened your plan before March 10th, you will still have your old interests. You can look at the new interests and fees and all the details following the link.

#helpfulWB #upgrades

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2023-03-10 18:00:05 WhiteBIT video contest

Show your movie making talents and compete for a prize pool of $1000! In short, the conditions are simple:

1. Make a video about WhiteBIT on any topic and in the style you like;
2. Post on Instagram, TikTok, or YouTube;
3. Tag us and add hashtags.

And you're in the game!

Find out all the details in our blog.

Date of the competition: 10.03. — 26.03.

And action!

#activities

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2023-03-10 13:20:48 Let’s talk about time frames

A time frame in trading is a period when quotations group to construct price chart elements (candles, bars, lines).

Time frames can be minute (M1), hourly (H1), daily (D1), weekly (W1), and monthly (MN1).

Some experts think that starting the analysis with bigger time frames is a good option. Bigger time frames such as weekly or daily allow you to have a bigger picture and determine the current market trend.

Smaller time frames, such as hourly, can confirm the assumptions you get from larger time frames and suggest a better entry point.

The smallest time frames, such as minutes, are the riskiest and must be clarified. Never start your analysis, especially trading using charts with short time frames.

If you are a beginner, choose hourly time frames from the largest to the smallest — H12, H4, H1 — to gradually learn this tool.

Let's take a look at the different types of investors and the time frames they prefer:

Scalpers

Scalpers complete hundreds of trades during the day. Therefore, they choose extremely short time intervals from M1 to M5.

Day traders

Day traders choose to buy and sell cryptocurrencies during the same trading day. They choose the range from 5M to H1 for a better P&L ratio.

Short-term traders

Short-term traders prefer open positions for up to one week. It gives them more flexibility and allows them to choose longer stop orders. Time frames vary from H1 to D1.

Medium-term traders

Medium-term traders usually hold open positions for several months to profit from medium-term price movements. They mainly analyze the market on H4-D1 time frames to determine the current market trends.

Long-term investors

These people think globally and hold cryptocurrencies for a longer period, such as several months to a year, trying to profit from long-term price movements. Therefore, they can afford to use time slots from D1 to several weeks (W1-W4).

These types are nominal and can vary depending on the investor’s strategy. Time frames give you valuable information and insights into the market so that you can make reasonable trading decisions.

#helpfulWB

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2023-03-10 09:00:49 Open / Comment

2023-03-09 19:30:05 All the juiciest stuff in one place

We have collected another portion of useful content for you. See what we have here:

• Automation of trading on WhiteBIT due to Bitsgap. Find more details here.

• +1 asset on the platform. Read about FET in the post.

• Not sure how to trade DASH? We’ve discussed everything here.

• And here is even more information on how to use DASH.

• Learn about crypto trading bots and what benefits they provide here.

• Changes in the Crypto Lending plans from the 10th of March. Find all the details in this post.

• Here's some information on AML and why it’s so important.

• And now we also have CZK on the exchange.

• And two new pairs with PLN. All the details are here.

Now you can see for yourself that it’s useful. Enjoy!

#WowCrypto

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2023-03-09 18:00:17 Put the theory into practice!

Practice with Demo Token and test different strategies without losses. Fulfill your craziest crypto fantasies and enjoy the benefits of the tool:

• Fast activation;
• No identity verification (KYC) is required;
• Risk-free offer;
• Tokens are free;
• You can transfer them to other users with WhiteBIT Codes;
• Tokens have no expiration date.

To activate the Demo Token, go to the Codes page, select “Get Demo Token,” & follow the instructions.

Practice with Demo Token and make your trading even better!

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