🦄 Fantastic Crypto Beasts and Where to Find ThemYou sure must have heard about some mystic whales
🤔 What is liquidity and why it matters so much?
Liquidity is all about how in-demand an asset is.
Imagine you're selling lemonade; the more people are willing to buy it at your price, the faster you can sell — that's high liquidity for you!
📌Fun fact: cash is the most liquid of assets.
Why low liquidity is a problem?
It's like being stuck in a game of musical chairs, and the music stops, but you've got nowhere to sit. You're left holding coins that nobody wants. Essentially, you're trapped in the market.
So, what affects liquidity?
🟠 Size of the market. A bigger market with more traders makes it easier to find someone to trade with. Think of it as having more players in the game.
🟠 Level of activity. More transactions mean more players and orders, leading to a livelier and more liquid market.
🟠 Quality and future potential. If a project is solid and promising, it's like a hot new toy everyone wants — that boosts speculation.
🟠 The market's makeup. An efficient market is like a well-organized party — it's easier for everyone to mingle and make deals.
📊 How to determine the liquidity of a particular coin?
Pay special attention to the spread: the difference between the best bid (the price at which you can sell) and the best ask (the price at which you can buy).
Generally speaking, the higher the liquidity, the smaller or “tighter” the spread. Small spread indicates liquid market since the orders are well-matched between buying and selling.
❓ Do you pay attention to liquidity when trading?
Hit 👍 if you do.
Hit 👀 if you have just learned what liquidity is.⚠️Think twice before you act…
You might have noticed in crypto circles how “hamsters” (novices) mistakenly share their wallets’ secret phrases, supposedly holding hefty sums.
Tempting, don't you think?🤑 But hold up, it’s not what it seems. This is an old trick to dupe beginners.
❓Wondering what's the catch?
Here's how it works: a scammer, pretending to be a naive user, drops a seed phrase online. An unsuspecting newbie accesses the wallet, eyes sparkling at the sight of $5,000. They try to transfer the funds, but alas, there’s a hitch…
An extra $1-2 is required for transferring cryptocurrency within the TRON network.
Driven by greed, the victim deposits a few dollars to cover the transaction fee. Once they do, their money just vanishes, while the tantalizing $5,000 remains untouched😫 They might try and repeat the procedure, and deposit another $2 but... we all know it won't work.
The trick is that the wallet, and its contents, are linked to another account. Your deposit goes straight into the scammer's pocket. $2 might seem an insignificant profit but there is plenty of 'hamsters' in the sea in the market.
📌 Moral of the story: Chasing after others' wealth can lead to losing your own.
Ever bumped into a scam like this one?
😢 — Sadly, I have.
🤔 — Not yet, but I'll definitely k
🎤 Are you a Gladiator or a Wall Street Wolf?
We figured there're are 4 main types of Cryptomania players: Bonus Collectors, Achievers, Gladiators and Wall Street Wolves.
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🛡 Risk management — your key to secure trading!
What is risk management?
Crypto trading is a rollercoaster — prices skyrocket or plummet in a flash. But with smart risk management, you can safeguard your investments and avoid total losses.
Risk management is a set of principles and strategies to protect your investments. This includes:
🔸Investing only what you can afford to lose.
🔸Spread your investments to balance the risk.
🔸Guard your investments against frauds like pump and dump, rug pulls.
🚨Remember: Manage your risk or the market will manage it for you. Don't let market forces dictate your fortunes.
How to master crypto risk management?
• Split it up. Keep your long-term investments separate from your quick trades.
• Know the game. Understand how markets go up and down to adjust your strategy.
• Play it smart. Invest wisely in each thing, doing your homework on research and market trends.
• Keep the balance. Find a mix between being bold with your investments and playing it safe.
• Spread it out and lock it down. Keep your crypto in different wallets, and make sure it's safe and sound.
🔐 Diversification is key. Don't put all your eggs in one basket, and stay vigilant against scams and hacks.
Do you follow these risk management principles?
❤️ — Of course!
🔥 — Not really
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🤔 3 main reasons to start trading with Libertex:
— It's an authorised and regulated broker
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🎤 Are you a Gladiator or a Wall Street Wolf?
We figured there're are 4 main types of Cryptomania players: Bonus Collectors, Achievers, Gladiators and Wall Street Wolves.
So, now we're dying to know which type has the highest count🙃
Drop your vote below and tell us which one you are!
🛡 Risk management — your key to secure trading!
What is risk management?
Crypto trading is a rollercoaster — prices skyrocket or plummet in a flash. But with smart risk management, you can safeguard your investments and avoid total losses.
Risk management is a set of principles and strategies to protect your investments. This includes:
🔸Investing only what you can afford to lose.
🔸Spread your investments to balance the risk.
🔸Guard your investments against frauds like pump and dump, rug pulls.
🚨Remember: Manage your risk or the market will manage it for you. Don't let market forces dictate your fortunes.
How to master crypto risk management?
• Split it up. Keep your long-term investments separate from your quick trades.
• Know the game. Understand how markets go up and down to adjust your strategy.
• Play it smart. Invest wisely in each thing, doing your homework on research and market trends.
• Keep the balance. Find a mix between being bold with your investments and playing it safe.
• Spread it out and lock it down. Keep your crypto in different wallets, and make sure it's safe and sound.
🔐 Diversification is key. Don't put all your eggs in one basket, and stay vigilant against scams and hacks.
Do you follow these risk management principles?
❤️ — Of course!
🔥 — Not really
😄 Cryptomania is thrilled to introduce our awesome friends — an award-winning broker, Libertex and bring you an exclusive trading offer!
Libertex is a trading platform offering a vast array of exciting opportunities in crypto, forex, metals, oil, and gas.
It is a brand with more than 25 years in the financial markets. Libertex is more than trading: it's an adventure in the world of finance! 📈
🤔 3 main reasons to start trading with Libertex:
— It's an authorised and regulated broker
— Libertex has received more than 40 prestigious awards and recognitions
— 300+ tradable assets with tight spreads
Ready to level up from demo trading to the real game?
🎁 Exclusive offer for Cryptomania community only:
Libertex is giving 100% bonus on your first deposit. It's our way of saying, "we're in this together."
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You sure must have heard about some mystic whales, bulls, bears and hamsters of crypto world. But what does this zoological jargon even mean and whom exactly do these animals represent?
🐹 Hamsters
Think of them as the newcomers or the less experienced investors in the crypto market.
Hamsters often find it hard to keep their emotions in check and might make hasty decisions. They're known to buy or sell based on rumors or the fear of missing out on potential gains. It's a rollercoaster ride for these little guys!🎢
🐋 Whales
Now, these are the big fish of the crypto ocean. Whales are the heavyweight investors with hefty funds, often armed with insider insights. Their moves can create waves in the market, influencing trends and prices significantly.
With a capital often running into hundreds of millions, whales are the giants that everyone watches out for in the cryptocurrency sea. Like Elon Musk, for example😎
🐂 Bulls
Ever heard of "bullish" trends? Bulls in crypto are eternal optimists, always betting on the rise of cryptocurrency prices. They're the ones buying and holding assets, hoping for a surge in value. For these users, being 'long' is the usual stance, always rooting for growth📈
🐻 Bears
In contrast to the Bulls, Bears are the pessimists of the market. They expect prices to plummet and are often involved in short-selling, betting on the market's downturn📉
So, which crypto animal do you identify yourself as? Hit ❤️ if you didn't know you were a hamster, too😂
