/r/CryptoCurrencyTrading
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/r/CryptoCurrencyTrading
I have some problem, i have some bitcoin in my Bank but I cant withdraw with out pay a lot of taxes, the only way its send to a different wallet and exchange it
It's fascinating to see the growth of decentralized wallets lately, especially one in particular that saw nearly 6 million downloads in September alone, ranking just behind Binance in terms of new user growth. Bitget wallet has also surpassed 40 million users globally—more than double what it had back in March 2024.
A few things seem to be driving this surge. For one, it has a super user-friendly interface, making it easy for beginners to get started with crypto. Plus, it integrates a lot of Web3 services like asset management, swaps, trading, and staking, all in one place.
What’s really interesting is how it's tapping into the TON ecosystem and Telegram integration. This allows users to manage their assets directly through the messaging app, which is pretty convenient. They reported a crazy 4886% increase in TON on-chain addresses in Q3 alone.
It’s also expanding rapidly in emerging markets, with Africa leading the way—up 413% in Q3—followed by South Asia and the Middle East. This makes it one of the fastest-growing wallets in the space this year, especially for those new to crypto.
It'll be interesting to see how this momentum continues into 2024!
Anyone used them? Anyone use them a lot?
Anyone had problems with them? Or have they been satisfied with the service?
Would appreciate hearing anyone’s experience whether it’s the customer support, withdrawals, fees etc.
But specifically would like to know about peoples experience with futures on there.
Has anyone had a positive experience with mexc? I hear a lot of bad stuff about them: unexpected mandatory kyc, withholding peoples money, messing up peoples trades.
Maybe this is just because they’re the biggest non kyc platform so the bad rep seems a lot more than other smaller non kyc platforms.
Anyone been able to trade without kyc?
I'm running some bots with algorithms to trade for me. One of the fundamental parameters is defining when to open "safety orders" for the bot to DCA and average off the position so it gets back in profit quicker. Another of the parameters is HOW much the DCA is going to be, which obviously has a bigger or smaller impact in the average and PNL.
My question is, if you have a position that is already quite heavy with 3-4 DCAs already triggered (each weighing about 1.5x the existing position, so exponential growing and deepening the bags) and it has been running for very long, when is it reasonable to manually close the position at a loss?
I for example have a bag of BCH which is 220$ heavy and about -2$ down, if it ever gets in profit it will be netting me about 2-3$ in profit, but it's been so long that I'm thinking of just cutting it and letting go? In essence I need a trailing stop loss or something to cut it in case it drops further while I'm asleep...
TLDR:
1- how do you space out your DCAs and how heavy you make them
2- how do you define your stop losses (time/value/weight,etc)
According to the latest 2024 Global Crypto Adoption Index by Chainalysis, India and Nigeria continue to dominate global crypto adoption, maintaining their positions as leaders in the space. 🎉
While India and Nigeria are holding strong, the report highlighted an impressive growth trend in Indonesia, which has been the fastest-growing country in terms of crypto adoption. 📈🇮🇩 This surge is attributed to a combination of increased institutional investment and growing interest in crypto among retail investors.
With these developments, Indonesia is rapidly closing the gap and might soon join the top ranks! 💪💥
You can read the full report here: Chainalysis 2024 Report.
What do you think about this trend?
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Register for the event. To qualify for rewards, maintain at least 800 USDT in your account at the end of the competition, and top traders must reach trading volumes of 100,000 USDT or 60,000 USDT, depending on their ranking. This event is exclusive to South Asian users. Rewards will be distributed within 10 working days after the event ends. Don’t miss this chance to enhance your trading and win big!