Bidsbee

Jan 29 - Feb 4, 2024: CRYPTO HEADLINES OF THE WEEK 🔸 Harvest Fund files spot Bitcoin ETF application in Hong Kong - source 🔸 Bitfinex Securities launches digital asset services in El Salvador - source 🔸 Tether's Q4 attestation reports $2.85 billion in profit, sets new records in excess reserves - source 🔸 FTX exchange won't be restarted, bankruptcy lawyer says - source 🔸 Crypto derivatives exchange OPNX to shut down in February - source Fortune cookie for the week ahead 🥠: as the digital tide rises, so too will your fortunes in the realm of cryptocurrency. #Weekly_Digest

🎯 Your choice this week: "What key lesson did you learn from a significant loss in trading?" Life story of one of Bidsbee's skilled traders:

Where does money come from when you earn it, and where does it go when you lose it on a cryptocurrency exchange? It is very important. If you earned $10, someone lost it; you took someone's money. Roughly, it works like this, but there are many nuances. Mostly, I've stayed in the black (made profits). It's normal to lose money in single transactions, but the main thing is to be in the black over the long term. 14 years ago, I designed my first trading strategy and started trading. Trading without a trading system is a loss of money. There was a crisis, and I increased my deposit by 600% in 3 months. But I was unhappy with my strategy; it had serious flaws. It was a very risky trade, and I stopped in time, withdrawing my profit. I believe trading is more effective with trading robots. My robots became more complex, more stable, and better, but I have never had such returns again. My returns were ~40-60%/year. Various stuff happened to me in my life. E.g., one day, the server on which my robot was trading burned down, and I was left with hundreds of open positions that had to be somehow closed by hand (preferably, not losing much). This robot managed a deposit of $100,000. Over time, I realized two things: 1. Where there are no risks, there is no profit either. 2. It doesn't matter how much you earn in the market if you take money from the market and never give it back. The market is a competition between participants, and in order to make money, you need to be smarter, faster, and more resourceful than the majority. You can be a lousy hairdresser and still have clients, but if you are a terrible trader, you will just run out of money.

👁‍🗨 This is what's happening here & how to join next week #TradersSpeaking

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Your choice this week: "What key lesson did you learn from a significant loss in trading?" Life story of one of Bidsbee's skilled traders:

Where does money come from when you earn it, and where does it go when you lose it on a cryptocurrency exchange? It is very important. If you earned $10, someone lost it; you took someone's money. Roughly, it works like this, but there are many nuances. Mostly, I've stayed in the black (made profits). It's normal to lose money in single transactions, but the main thing is to be in the black over the long term. 14 years ago, I designed my first trading strategy and started trading. Trading without a trading system is a loss of money. There was a crisis, and I increased my deposit by 600% in 3 months. But I was unhappy with my strategy; it had serious flaws. It was a very risky trade, and I stopped in time, withdrawing my profit. I believe trading is more effective with trading robots. My robots became more complex, more stable, and better, but I have never had such returns again. My returns were ~40-60%/year. Various stuff happened to me in my life. E.g., one day, the server on which my robot was trading burned down, and I was left with hundreds of open positions that had to be somehow closed by hand (preferably, not losing much). This robot managed a deposit of $100,000. Over time, I realized two things: 1. Where there are no risks, there is no profit either. 2. It doesn't matter how much you earn in the market if you take money from the market and never give it back. The market is a competition between participants, and in order to make money, you need to be smarter, faster, and more resourceful than the majority. You can be a lousy hairdresser and still have clients, but if you are a terrible trader, you will just run out of money.

👁‍🗨 This is what's happening here & how to join next week #TradersSpeaking

Our platform's capabilities are expanding non-stop! 🆕 We have just integrated two more of the world's leading cryptocurrency exchanges: HTX (Huobi) and Kraken. What this means for you: Diversified Trading Options: With Huobi and Kraken onboard, you'll enjoy access to a wider range of cryptocurrencies and trading pairs. Enhanced Liquidity: These additions significantly boost the liquidity available on Bidsbee, facilitating smoother and faster transactions. Trading Instruments at Your Disposal: You are welcome to enjoy spot trading, copy trading, trading bots on Bidsbee through the accounts on these exchanges. More integrations are loading, so stay tuned 📲 🔗 https://www.app.bidsbee.com/ #HowToBidsbee

Jan 22-28, 2024: CRYPTO HEADLINES OF THE WEEK 🔸 Terraform Labs files for voluntary Chapter 11 bankruptcy - source 🔸 FTX-tied Alameda Research drops lawsuit against Grayscale - source 🔸 SEC delays BlackRock's spot Ethereum ETF - source 🔸 OKX set to phase out its mining pool and related services - source 🔸 Bank of England and UK Treasury remain undecided on a 'digital pound' - source Fortune cookie for the week ahead 🥠: in the world of digital currency, a hidden gem awaits your discovery. #Weekly_Digest

Please, choose your answer to 6 simple questions in this form so we know you better: https://forms.gle/oUGrzGwUBKH7My5B7 This will take no longer than watching one story on Instagram 🙂 You are a great help!

🎯 Your choice this week: "How do regulatory changes affect the way of trading crypto?" Here's what Bidsbee's trading wizard thinks about it 👇🏼

I would say there are two types of crypto regulatory changes: 1. that have an infrastructural impact 2. that directly affect the nature of price movements > It is difficult to benefit from the first type: it usually happens suddenly, and users handle the consequences post factum. For example, the ways of transferring assets to and withdrawing from exchanges are constantly changing, and the reliability of asset storage instruments is also often questioned. It is almost impossible to predict such changes, so my advice is to adhere to the basic principle of diversification. Use different ways of storing and transferring your assets. > The second type of regulation directly affects how asset prices move. These are, for example, statements by the SEC, governments, leading investment banks, various macro data and its interpretation. Such regulatory changes may consist of easy-to-follow events like the decision of American regulators regarding Binance CEO (obviously, this should have led to a short drawback, and those who weren't at a loss managed to make money from it). Still, some events are difficult to understand, for example, what influence US monetary policy has on the prices of crypto assets. The obvious fact is that there are more and more regulations, meaning there is a clear tendency for crypto to trade like the stock market. Therefore, there is nothing left to do but study the stock market.

👁‍🗨 This is what's happening here & how to join next week #TradersSpeaking

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Your choice this week: "How do regulatory changes affect the way of trading crypto?" Here's what Bidsbee's trading wizard thinks about it 👇🏼

I would say there are two types of crypto regulatory changes: 1. that have an infrastructural impact 2. that directly affect the nature of price movements > It is difficult to benefit from the first type: it usually happens suddenly, and users handle the consequences post factum. For example, the ways of transferring assets to and withdrawing from exchanges are constantly changing, and the reliability of asset storage instruments is also often questioned. It is almost impossible to predict such changes, so my advice is to adhere to the basic principle of diversification. Use different ways of storing and transferring your assets. > The second type of regulation directly affects how asset prices move. These are, for example, statements by the SEC, governments, leading investment banks, various macro data and its interpretation. Such regulatory changes may consist of easy-to-follow events like the decision of American regulators regarding Binance CEO (obviously, this should have led to a short drawback, and those who weren't at a loss managed to make money from it). Still, some events are difficult to understand, for example, what influence US monetary policy has on the prices of crypto assets. The obvious fact is that there are more and more regulations, meaning there is a clear tendency for crypto to trade like the stock market. Therefore, there is nothing left to do but study the stock market.

👁‍🗨 This is what's happening here & how to join next week #TradersSpeaking

How to cope with crypto issues in real life, not in theory? What to do when an advice from Google is not working but you do not have anyone competent to ask? 🫣 Bet you faced such a dilemma. Starting today, Bidsbee is introducing a new activity - "What would you ask a pro crypto trader?" - where professional Bidsbee's traders give expert answers to YOUR questions every week. Here is the flow: every Monday, you will be offered to vote for one burning question; every Friday, you will get an answer to this question from practicing traders. You cannot find all the answers on Investopedia; some answers come only with practice! We need your voice in our first poll (or you can offer your own question throughout the week)👇🏼

Jan 15-21, 2024: CRYPTO HEADLINES OF THE WEEK ✔️ EU banking watchdog extends anti-money laundering measures to cover crypto firms - source ✔️ Crypto miner Core Scientific to exit bankruptcy, plans to re-list on Nasdaq this month - source ✔️ Trial for former Terraform Labs CEO Do Kwon pushed back to March - source ✔️ Winklevoss' crypto exchange Gemini gets nod to launch in France amid clash with U.S. regulators - source ✔️ Tether now owns $2.8 billion worth of Bitcoin after recent $380 million buy - source Fortune cookie for the week ahead 🥠: patience is your ally; the crypto market's volatility will turn to your favor in unexpected ways. If you like our surprise with the prediction, hit some reaction rn; if you don't, hit some reaction immediately 🙃👇🏼 #Weekly_Digest

¡Gran noticia! Bidsbee ahora habla español 🇪🇸! As we'd like you to enjoy our platform on each and every level, we're happy to introduce Spanish. Now, trading on Bidsbee is even more fluent for our Spanish-speaking community. React with 🔥 if you belong to this community!

Since now, you will not miss a single opportunity to earn in crypto! You know why? Because we've launched 20 trading bots for Binance & KuCoin. Unlike humans, they operate 24/7 and make decisions faster and more systematically. Here's a simple breakdown of how it typically works: 1. Market Analysis: The bot analyzes market data using TA or other indicators. 2. Trading Strategy: You set specific rules for the bot, such as when to buy or sell certain cryptocurrencies. 3. Execution of Trades: Once the bot's analysis matches the conditions set in its trading strategy, it automatically executes trades on your behalf. 🤖 Literally a couple of clicks - and you're all set: https://www.app.bidsbee.com/bots 💡 Important to remember that trading bots' success depends on the chosen trading strategy and market conditions, so they require monitoring and updating. #HowToBidsbee

⦁ Crypto users were losing over $200,000,000 in hacks, scams, and other fraudsters every quarter in 2023. ⦁ Only in the USA, people lost over $2.3b in crypto scams (>$86k per victim). ⦁ Traditional financial institutions also fell victim to scammers, and this tendency is persistent. Crypto regulation / KYC would definitely make the trading environment safer, but it is not a panacea for a great number of reasons. 📚 https://hackernoon.com/kyc-and-regulation-solving-the-problem-of-financial-crime-in-crypto #Hackernoon

Jan 8-14, 2024: CRYPTO HEADLINES OF THE WEEK ✅ SEC approves 11 Bitcoin Spot ETFs - source 🤝 Bitwise to donate 10% of profits of the Bitwise Bitcoin ETF (BITB) to Bitcoin open-source development - source 🏹 Robinhood announces all 11 spot bitcoin ETFs available for trading - source 🙅🏻‍♂️ Vanguard won't offer spot bitcoin ETFs - source 🔺 Coinbase partners with stablecoin exchange Yellow Card in African expansion - source #Weekly_Digest

Jan 1-7, 2024: CRYPTO HEADLINES OF THE WEEK 👀 Crypto exchange volume cracks $1 trillion for first time since late 2022 - source 🇰🇷 Huobi Korea shuts down platform citing business difficulties - source 📋 Fidelity, Grayscale, Ark filing 8-A forms show progress for spot Bitcoin ETF applications - source 📈 Solana transaction volume hits highest level in more than a year as memecoin activity increases - source 🗞 Etherscan acquires Solscan to expand blockchain data services - source #Weekly_Digest

⭐️⭐️⭐️⭐️⭐️ Bidsbee on Trustpilot It's a very smart move to check what other users think about some product first. Share your experience of interacting with our platform here: https://www.trustpilot.com/review/bidsbee.com Your feedback will be super useful both for us and for other users 🫶🏻

🤑 Subscribe to our TOP trader for FREE! VKtrade has been successfully trading on Bidsbee for over 2 months now using low-risk strategies. > Register > Choose the plan according to your goals > Start copying VKtrade's orders at NO cost #HotOffer

May your crypto profits multiply, your trades be swift, and your portfolio shine brighter than the New Year fireworks! Happy New Year 🎆