WhiteBIT News

2023-03-07 16:00:05 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. Usually, the bigger the market cap is, the harder it is to manipulate its price.

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.

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2023-03-05 14:00:06 Checked our quiz with Bitsgap? Compete for 30 WBT and 5 Bitsgap subscriptions. Find all details here

The activity is on until the 7th of March (2 p.m. UTC).

Bitsgap also gives a free 7-day trial period to test all the PRO features, so go for it!

#activities

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2023-03-05 09:00:49 Open / Comment

2023-03-04 13:00:26 Open / Comment

2023-03-04 09:00:48 Open / Comment

2023-03-03 19:34:40 Reminding of the new Crypto Lending terms

You probably have already heard. But it won't be superfluous to remind. From the 10th of March, the daily fee for using borrowed funds will decrease to 0.078%. The interest rate for some Crypto Lending plans will also change. Everything is explained in detail here.

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2023-03-03 19:06:22 Dear user!

We are glad to inform you that the migration process from ERC-20 Swipe (SXP) to Solar (SXP) mainnet has been completed.

The redistribution rate is 1 Swipe (SXP) : 1 Solar (SXP) and your balance have been adjusted according to the new smart contract.

You can already deposit and withdraw SXP.

Note that the old Swipe (SXP) addresses don’t work anymore. Send your funds only to the Solar (SXP) addresses. You can find them on your Balance page.

Enjoy trading! Open / Comment

2023-03-03 18:00:08 The Discord party has ended

Thanks for your beautiful work! The winners will get prizes in time, but we will discuss them later.

Our Discord meeting wasn’t the last, so stay tuned!

#activities

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2023-03-03 17:03:32 Trade for good

Want to get more from trading? Awesome! And we’ve thought about it & integrated with GoodCrypto, an all-in-one trading and portfolio management app. Get 1 month of free PRO tools and functions, and manage your trading positions round-the-clock. Learn more about how to start here.

Also, if you’re a WBT holder, you’ll have a lower fee. Like it?

Let’s go!

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2023-03-03 12:30:08 The risks in the nutshell

The risk and reward ratio is designed to calculate the potential return from a trade deal to the inherent risk. It allows you to understand whether the deal is profitable.

From a trading and investment perspective, risk means the potential loss a trader is willing to take when opening a position. Profit is the difference between the purchase price of an asset and the price at which it will be sold.

As a rule, the coefficient is calculated using the formula risk divided by profit. If the risk-to-return ratio is >1, the risk exceeds the potential return. When the value is <1, the potential profit exceeds the inherent risks. The optimal balance, in this case, is 1 to 3, or a ratio of 0.33. Ratios 1 to 7, 1 to 10, and 1 to 15 are also often used.

For example, you want to buy an asset at $100. To limit the risk, you placed a stop-loss order (limitation of potential losses) at $90 and set a take-profit (target price for selling the asset) at $130. In this case, the coefficient has an approximate value of 0.33. That is, the risk is less than the potential profit. In the event of a loss, the next deal should cover your losses. Eventually, this will pay off very well.

However, relying on something other than generally accepted standards would be best. It would help if you decided which ratio best suits your trading strategy based on data, statistics, and market conditions.

So, be on guard and always calculate the risks before making a deal!

#helpfulWB

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