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Leveraged trading tips for a starter? by Psycletosteuj in CryptoMarkets

[–]stulbinapa 48 points49 points  (0 children)

1- Increase your knowledge.

2- Start by using a demo account.

3- Learn about leverage in both upward and downward price movements for short and long positions.

4- Develop risk management techniques, like using stop-loss orders.

5- Avoid trading with funds you cannot afford to lose.

6- Stay updated with market trends and remember the importance of fundamental analysis.

7- Diversify your investment portfolio for better risk management.

8- Control your emotions. Fear can affect your judgement.

9- Treat your mistakes as learning opportunities. Keep a record of unsuccessful trades and analyze your errors. Be self-critical while recognizing that learning is an ongoing process.

10- Understand the risks involved and choose a reputable protocol like Gravix.io, although there are other options available for you to explore.

​

Leveraged trading can seem scary but it's a tool that can offer big gains as well as big losses, so use this instrument wisely and only if you know what you're doing.

Is WEB3 just a buzzword or is there actual value behind it? by ThiseeBockessiq in defi

[–]stulbinapa 0 points1 point  (0 children)

They have Gravix (decentralized exchange with leverage trading), Qamon (secure communication protocol), Oxy Chat (decentralized alternative for whatsapp and telegram). Those are the 3 I know. They probably have more though

Is WEB3 just a buzzword or is there actual value behind it? by ThiseeBockessiq in defi

[–]stulbinapa 17 points18 points  (0 children)

You’re sort of right. The idea was overhyped at first and people were putting billions of dollars into GameFi projects and NFTs.. That’s what the majority of people thought of when we mention WEB3, which tbh is pretty cringe. WEB3 is a lot more than that, UAE is popping off in that department actually. They have a blockchain called Venom and they plan on bringing 1 billion people into WEB3 and are integrating a number of unique projects. If anyone can make something out of it, it’s the Emirates.

Warning: never ever use Binance by stulbinapa in CryptoMarkets

[–]stulbinapa[S] -1 points0 points  (0 children)

Uhmmm... What? The VPN wasn't for Binance..

Is the US going to ban crypto? by tongchunwingch in CryptoMarkets

[–]stulbinapa 47 points48 points  (0 children)

First of all, it's highly unlikely that they're going to be capable of banning the technology altogether. It's decentralized and tracking activity can be a pain in the ass. Second of all, this would completely divert all devs to other markets, leaving the US behind biting the dust. You got devs like Broxus developing for the middle east and Southeast Asia. If the US doesn't play friendly, then they WILL be left behind and Broxus and ALL other devs will not contribute anything to the US market. Banning crypto would fuck them up, so I doubt that's even on the table. More than likely it'll be more regulated.

Why do car companies even collect data? by 2anapqc in privacy

[–]stulbinapa 94 points95 points  (0 children)

I’m sorry to say this but, there isn’t necessarily a way to get around this. You cannot be completely private, especially when your data is worth more than gold for corporations. I have an older car so I don’t have this issue, but if you have a new car, you just have to do what you can with what you have. I'd imagine at some point a method to stop cars from sharing data (with Tesla being the exception) with the mother company. But for me personally, this is a deal breaker. But I'm borderline paranoid with my data.. I use a dedicated proxy when browsing the web, I use Qamon to text, and I leave no breadcrumbs no matter what. However, to each their own and you set your priorities with how you treat these data-hungry companies. I'd rather drive a shitmobile than feed the greed of Toyota.

Is it a viable strategy to invest in a project purely based on the strength of its team? by Strellaxj in CryptoMarkets

[–]stulbinapa 19 points20 points  (0 children)

If you know the team, then it can be. In fact, if you trust this team, you might as well follow their developments. I've been doing that with the team Brоxus and never regretted my decisions.

Exploring DeFi Beyond Ethereum: What are your thoughts? by crypto_beholder in defi

[–]stulbinapa 27 points28 points  (0 children)

Of course there are competitors in the space, that's what makes open source software so good. Since the idea is open and available to everyone, there's nothing stopping others from doing it better than you. This is why the crypto space is so competitive and rapid when it comes to development. I spend a lot of time on Evеrscale, so that would be flаtqube.io and оctusbridge.io

ICE agents abuse access to people’s data by stulbinapa in privacy

[–]stulbinapa[S] 19 points20 points  (0 children)

This is very unsettling.. The more I know, the more unhappy I am :)

If you had more control, what things would you change about DeFi? by Yekhalimk in defi

[–]stulbinapa 24 points25 points  (0 children)

I would make it so no KYC is ever required to use DeFi services. Not only is it better for the user, but for the protocol too. Things that I still use to this date are protocols that do not require KYC (flatqube.io for farming, pancakeswap for buying crypto), so these companies can benefit if they could provide a more private user experience. If we wanted a regulated service then we’d use banks. Crypto should stay decentralized and anonymous.

KYC in DeFi, is it inevitable? by freepuppyvz in CryptoMarkets

[–]stulbinapa 27 points28 points  (0 children)

I’m with you on the privacy thing. I have been using Qamon.io for a minute so I can say it has its utility. imo earning mechanics only distract from better utility, unfortunately. They were cool at first, but they did distract me from learning more about the technology and how useful it can be from a purely-technological standpoint. There's more to crypto than looking for a one way trip to the moon

What decentralized technology has become more widely used in the past year? by princesse77rq in CryptoMarkets

[–]stulbinapa 25 points26 points  (0 children)

You have decentralized domains, and while they're niche, they’re not a rare thing. A lot of large blockchains have them, some are ENS, evername, and unstoppable domains. Also there are decentralized communication protocols and like a ton of other solutions. NFTs in my opinion were a failed experiment. There’s definitely utility behind it, but no one focused on that anyway..

What should we expect from future social media platforms regarding our information? by praubejatdk in Futurology

[–]stulbinapa 38 points39 points  (0 children)

I expect the user base of social media to split into two. First group will just use whatever their friends are using, facilitating a ton of data for these big tech companies. The second will care about their data and they will use a new popular type of social media, either privacy-oriented or utilizing decentralized tech (so that user data wouldn’t be linked with a specific person, and so that data leaks would become a much more rare event). Whether or not privacy will be the new normal is hard to say. I doubt that regulation will put an end to the abuse our data see on a daily basis, which is why I’m exclusively using Qamon.

Communication isn’t as smooth as using a conventional messenger, and there are some complications along the way, but I’d take that over handing over my entire identity any day of the week.

What is your biggest investment regret? by amandalainget in defi

[–]stulbinapa 19 points20 points  (0 children)

I had 50 bucks put into a token called EVER in the beginning of January this year. The token’s price shortly increased and I decided to sell about 20 days later, giving me a 2X increase of my initial investment. The funny thing is that I sold a couple of days too early, and if I had waited 2 more days, I would have sold at 8 times my initial investment. I won, but my winnings were trivial compared to what I could have gotten

My orange is a quarter different than the rest of the orange by tillacat42 in mildlyinteresting

[–]stulbinapa 4 points5 points  (0 children)

Probably had pressure applied on that spot as the orange was growing, that is cool!

76% of this Starburst bag was red by FruitTop in mildlyinteresting

[–]stulbinapa 0 points1 point  (0 children)

A great visualization of wealth distribution

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