I haven't really checked the percentage too deeply but I'm very sure that in my portfolio I'm holding Bitcoin which is 90% of my portfolio and a few altcoins that are rest of 10% of my portfolio.

I often keep some amount in USDT because I'm a trader but other than that my main investments are in Bitcoin and a few well know altcoins.

I also have some holdings in a low quality altcoins but I'm holding the profits only because I have already recovered my initial investment with that coin.

Quote from: Zed0X on April 13, 2024, 04:15:18 PM

Quote from: CryptoTalisman on April 13, 2024, 02:24:53 PM

~ it's quite disheartening to wake up to news that BingX, a notable crypto exchange is still providing crypto service to Iranian despite US sanction not to allow the region have access to crypto due to varying factors like terrorist financing and purchase of weapon and firearms via crypto payment.

It's currently ranked 25 on Coingecko and I hardly consider that as notable. I only found out about the exchange because of this post. Having said that, it looks like they do not have any office in the United States.

Quote

BingX is an international digital services financial institution, with branch offices in Asia, Oceania, Europe, and South America. BingX has also registered or obtained regulatory approval to operate in other countries where it provides its services or carries on any form of business.

No wonder they ignore any US sanctions. They should be more concerned with EU and Australia.

Not having office in the United State doesn’t mean they should sponsor terrorism. Regardless of where ever they belong, cryptocurrency shouldn’t be use to sponsor terrorism.

Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .

so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.

Quote from: MrSpasybo on April 13, 2024, 08:26:15 PM

Quote from: Fivestar4everMVP on April 13, 2024, 05:11:23 PM

What are your thoughts on this?
Alot of lessons to learn from this incident, imagine he had rushed to kill himself, and Binance later returned this money?

I will wait for an update on this case. I cannot guess the reason why all of this user's assets disappeared and then returned. $1M is a huge amount of money, it is equal to the fortune that many people cannot earn in their lifetime.

I suspect that this may be a mistake in Binance's algorithm related to Margin during a time of great volatility in the market. I hope Binance will also have a response to explain this mistake, it would be better if the user received back all of the crypto assets he deserves.

Well, maybe you might need to read the whole thread again, and this time, a bit slower so you under better, the trader's assets did not just disappear, he opened a 3x long on pepe coin on Binance margin market, the trader unfortunately had no stop loss on, and the drop in the market yesterday caused the user's open trade to get liquidated, this was how his asset disappeared, it didn't just disappear, but he lost his trade, luckily, Binance have a mechanism that ensures that only 83 percent of users funds gets liquidated when times like this, so this why he later got 17 percent of the lost funds back.

Quote from: Faisal2202 on April 13, 2024, 08:32:51 PM

You shared a good story, it gave good lessons and knowledge. It gives us the lesson that we should not seek suicide or something dumb instead we should realize the mistake that we made, I know how hard it would be if I lost my 1-year savings, and I know how much I rely on them. He must have been gone through a lot. But it's a good thing that he got his 17% back. As according to the CryptoBlade Binance is usually set a liquidation ratio of 83%. I don't know if it's true as I did not find anything useful on the Internet. Let me know if that's true.



Overall if it's true then it really gave the victim a good start but I hope he will avoid future trading, I am not a fan of future trading for the very same reason. As $1 million could make him good money in a spot or investing. But yeah to make more money in less time people do future trading. But Still, I suggest not doing it in such a volatile time when the market is so unpredictable.

+1

You are absolutely correct, Binance is said to have a mechanism that ensures that only 83% percent a user's funds gets liquidiated in times of like this when a user loses a trade completely without a stop loss, so this is why the user received back 17% of the total amount he lost, this is definitely small when compared to how much was lost, but it's still way better than nothing at all, and also, it's a good foundation for the user to start over with.

i have not understood that pre-market by the way. i will really need to look into it and maybe just test myself whether i can make few bucks to it but if binance is not doing it. then i might find myself signing up to this kucoin.

there are other few more ways to make money besides these one. i'm just not sure of investing altcoins for now. especially the new ones. but buying the dip right now is probably one best solution.

its good to be edited once and then their wallet just need to be public because people will keep watching it, maybe sends some signals whenever there is activity going on in their wallets.

if there really is the need for transparency, the community i think will need a new regulatory board to review and audit. SEC is just too corrupt to make these auditing.
the first exchange to check i think is BGB, a fast rising one. it outrank exchanges that have been round for years. its suspicious.

For my own review Shiba Inu is one of the most popular crypto, whether is a good investment is a matter of debate. Shiba Inu has a strong support community and has seen significant price appreciation in the past years, and there is no guarantee that the price will continue to rise. You can do your research more and drop it here. Have you been following the update on Shiba Inu?