There are 3 key emotions which are paramount when we think about Trading:
Controlling greed, fear, and hope.
Greed, one of the 7 deadly sins, as it turns out - can be one of the most damaging emotions which have led many traders, experienced and amateur alike, on the path to destruction.
Greed makes humans act irrationally, particularly when there is a monetary aspect involved and even more so when there is high leveraged trading on offer. We often see binance offering leverage of around 125x for some pairs, meaning traders can put up smaller amounts of capital and still seek large gains.
Greed can make traders overtrade, take unnecessary risks and quickly squander an account balance. It is important to enter the market with a specific strategy, too often traders driven by greed will have no real strategy, try and scalp and in a volatile market, this can be a dangerous game to play. It can be even more damaging if a trader was to win this way as it will lead them into a false sense of security and could make them think that they are doing something correctly when - in fact - it was a fluke.
Fear can be particularly debilitating for traders. Fear can make a trader less inclined to take any risks - analysis paralysis.
Hava a nice day 🌹
Controlling greed, fear, and hope.
Greed, one of the 7 deadly sins, as it turns out - can be one of the most damaging emotions which have led many traders, experienced and amateur alike, on the path to destruction.
Greed makes humans act irrationally, particularly when there is a monetary aspect involved and even more so when there is high leveraged trading on offer. We often see binance offering leverage of around 125x for some pairs, meaning traders can put up smaller amounts of capital and still seek large gains.
Greed can make traders overtrade, take unnecessary risks and quickly squander an account balance. It is important to enter the market with a specific strategy, too often traders driven by greed will have no real strategy, try and scalp and in a volatile market, this can be a dangerous game to play. It can be even more damaging if a trader was to win this way as it will lead them into a false sense of security and could make them think that they are doing something correctly when - in fact - it was a fluke.
Fear can be particularly debilitating for traders. Fear can make a trader less inclined to take any risks - analysis paralysis.
Hava a nice day 🌹
https://www.coinbase.com/join/ofuoma_8
Create your Coinbase account don't verify just try to get the coin and hold until the coin get to 600naira per coin
Create your Coinbase account don't verify just try to get the coin and hold until the coin get to 600naira per coin
Coinbase
Sign up - Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency.
Due to the fall of cryptocurrency I advise to hold your cryptocurrency because the whale are just setting up a buy order and the market would increase later hopefully before this year runs out btc will hit 70k$ soon then those trading futures I know you loss but you get it back, know the market is going sideways always remember to use sl-stoploss trading,have a great day
Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit
The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay.
Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.
The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain.
Further investigation from the team revealed a concurrent hack of $96 million over the crypto exchange’s BSC reserves:
The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay.
Crypto exchange Bitmart lost nearly $200 million in a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains.
The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of roughly $100 million over the Ethereum blockchain.
Further investigation from the team revealed a concurrent hack of $96 million over the crypto exchange’s BSC reserves:
Crypto.com is under hacker attack. All withdrawals are suspended
During the night some hackers apparently found a way to bypass password and 2FA and managed to withdraw coins from some users account.
Some users woke up this morning with their balances empied.
Crypto.com temporarily suspended all withdrawals for all users and it's investigating.
Officially just few users were affected. Looking at Twitter, it seems a bit more than just few.
Check your account and if you see any suspect activity, contact the customer support asap!
Crypto.com said that all funds are safe, not sure if they're talking also about people who already lost their coins though.
During the night some hackers apparently found a way to bypass password and 2FA and managed to withdraw coins from some users account.
Some users woke up this morning with their balances empied.
Crypto.com temporarily suspended all withdrawals for all users and it's investigating.
Officially just few users were affected. Looking at Twitter, it seems a bit more than just few.
Check your account and if you see any suspect activity, contact the customer support asap!
Crypto.com said that all funds are safe, not sure if they're talking also about people who already lost their coins though.
Scam alert! Binance CEO warns users of massive SMS phishing scam
The scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials.
The scam involves sending users a text message with a link to cancel withdrawals, leading users to a fake website designed to harvest their login credentials.