Crypto Discussions Worldwide

2023-04-16 08:36:46 Educational Post

General Tips to Protect Yourself Against Scams

Trade on reputable platforms

Choose leading P2P platforms that offer their users robust safety features. Common features include:

1 Risk management features. A platform that enforces specific requirements before buying or selling can help reduce inactive, unreliable, or low-quality advertisements. Better yet, there should be a sophisticated order-matching logic to match users with trusted traders and verified merchants only, as well as risk management algorithms to monitor suspicious activity.

Some algorithms are even optimized to limit the trading activities of potential bad actors. In addition, withdrawal limits or delays can help to protect user funds.

2 Know Your Customer (KYC) protocols. P2P platforms with KYC protocols can help beginners find reliable trading partners by enforcing user identity verification. This allows beginners to conduct trades with verified merchants with a proven track record and reliable sources of funds.

3 Escrow services. Escrow services provide a safe way for buyers and sellers to exchange goods or assets. A trusted third party — typically the P2P platform — handles the exchange of funds between transacting parties to uphold safety and fair trading.

4 Customer support. While P2P trading usually functions with no middlemen, a P2P platform’s customer support team can intervene if a user faces problems with a trade.

5 Automated payment. New automated payment methods enable P2P platforms to automatically process the release of crypto held in escrow without manual intervention. Buyers can receive their newly purchased assets instantly and sellers don’t have to check each order payment or release assets manually.

6 Block feature. The block feature allows you to block suspicious users — if you’ve had an unpleasant experience with someone, you can block that user and prevent them from trading with you again. Open / Comment

2023-04-16 08:34:45 Educational Post

Crypto whales

Crypto whales are individuals or entities who hold large amounts of cryptocurrency, having amassed their substantial holdings through early investments, mining, or other means. With significant crypto holdings at their fingertips, whales have the ability to influence the market by buying or selling large amounts of assets, causing price fluctuations.

A crypto holder can be considered a whale if they hold a significant percentage of the total supply of a particular cryptocurrency and are able to impact price movements by making trades. 

To put this in perspective, someone who holds $1 million worth of an asset with a market capitalisation of $100 million is a whale, while someone who holds $1 million worth of an asset with a market capitalization of $30 billion may not be considered a whale.

While they each have $1 million in crypto assets, the former has more power to move markets than the latter. Open / Comment

2023-04-16 08:34:20 Educational Post:

What is risk management?

Risk management entails predicting and identifying financial risks involved with your investments to minimize them. Investors then employ risk management strategies to help them manage their portfolio's risk exposure. A critical first step is assessing your current exposure to risks and then building your strategies and plans around them.

Risk management strategies are plans and strategic actions traders and investors implement after identifying investment risks. These strategies reduce risk and can involve a wide range of financial activities, such as taking out loss insurance and diversifying your portfolio across asset classes.

Risk Management Strategies

1. The 1% rule is a simple risk management strategy that entails not risking more than 1% of your total capital on an investment or trade.

2. A stop-loss order sets a predetermined price for an asset at which the position will close. The stop price is set below the current price and, when triggered, helps protect against further losses. A take-profit order works the opposite way, setting a price at which you want to close your position and lock in a certain profit.

3. Diversifying your portfolio is one of the most popular and fundamental tools to reduce your overall investment risk. A diversified portfolio won't be too heavily invested in any asset or asset class, minimizing the risk of heavy losses from one particular asset or asset class. For instance, you may hold a variety of different coins and tokens, as well as provide liquidity and loans. Open / Comment

2023-04-15 08:36:58 https://t.me/leontechtz Open / Comment

2023-04-15 08:36:57 Join this group now Open / Comment

2023-04-15 08:18:28 Hello crypto World, please join this channel now. It has many members who are @trusted_drops lovers. Join now @trusted_drops Open / Comment

2023-04-15 08:17:18 Crypto Discussions Worldwide pinned «Hello crypto World, please join this channel now. It has many members who are @trusted_drops lovers. Join now @trusted_drops » Open / Comment

2023-04-15 08:17:15 Hello crypto World, please join this channel now. It has many members who are @trusted_drops lovers.

Join now @trusted_drops Open / Comment

2023-04-14 07:59:47 Crypto Discussions Worldwide pinned «New airdrop: YumYum (For all) Reward: 200T Yumy tokens News: BuildOnBase Distribution date: After TGE Airdrop Link: https://t.me/yumyumairdrop_bot?start=2024361217 -Complete all tasks of the airdrop -Submit the username and detail -Please visit here for…» Open / Comment

2023-04-14 07:59:44 New airdrop: YumYum (For all)
Reward: 200T Yumy tokens
News: BuildOnBase
Distribution date: After TGE

Airdrop Link: https://t.me/yumyumairdrop_bot?start=2024361217

-Complete all tasks of the airdrop
-Submit the username and detail
-Please visit here for more details

-Yum is based on Base network and Get your invite link on Discord & invite friends

Done Done Done Done

Please remember: We are airdrop hunters and only participate in free airdrops, do remember that airdrop tokens are free Open / Comment