cryptoama

🤔 New to crypto? Ask questions with #CryptoAMA hashtag, get answers, and earn rewards! 🧠 Crypto expert? Share your expertise by answering questions in the comments and get rewarded too!
Join our 'Ask Us Anything Crypto' campaign and get up to $5,500 in USDC rewards!
Campaign Period: 2024-10-29 00:00 to 2024-11-20 23:59 (UTC)
How to Participate
For Creators Posting Questions:
1. Have a question about crypto? Post it on Binance Square with the #CryptoAMA hashtag;
2. Get Rewarded! Once you ask a question, you become eligible for an equal share of the 5,000 USDC reward pool, along with users answering questions in the comment section under your posts.

For Creators Answering Questions:
1. Respond with an answer in the comment section of posts with crypto questions tagged #CryptoAMA
2. Get Rewarded: Relevant answers posted in the comment section are eligible for an equal share of the 5,000 USDC reward pool, along with users asking questions;
3. Top 100 Answers: The top 100 answers with the highest like count will split a 500 USDC prize pool, capped at $5 USDC per answer.

Rewards:
Main Reward Pool: All eligible participants share a 5,000 USDC reward pool. Rewards are capped at 5 USDC per person.Top 100 Reward Pool: The top 100 answers with the highest like count will split a 500 USDC prize pool, capped at $5 USDC per answer.

Eligibility: 
Posts must not feature any other hashtags to qualify for the reward;Make sure to post your answers in the comment section of the posts using only the hashtag #CryptoAMA
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period. Submissions will be evaluated by a panel from the Binance Square team based on topic relevance, formatting, quality, factual sourcing, and originality. Content must also align with the Campaign Rules. Any content involving hashtag abuse will be disqualified.Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional Activity terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
RISK WARNING: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.

1. It's not for everyone
It's important to know what not to conclude: that I did fairly well at the challenge does not mean that "anybody can do it." Far from it. Day trading is risky. That risk can never be removed; it can only be minimized. I had been trading — winning and losing — for years before I created the challenge. I didn't turn $50 into $10000 by getting lucky. It resulted from following a specific strategy over the course of over 2000 trades.
2. The level of effort to become successful is far from even
You must put a disproportionate amount of effort into the system at the outset — and be prepared to handle a lot of disappointment, stress and loss — before you can hope to see consistent positive results. You can reduce but not eliminate that learning period by studying and applying what others learned before you.
3. Base hits are underrated in a home-run-focused world
There's a Home Run Derby in Major League Baseball, but no Base-Hit Derby. Yet I made those millions from sticking to a base-hit strategy. In day-trading terms, a base hit is when you look to make ten or fifteen cents per share on a small-cap trade. That sounds trivially easy, right? Try it. Doing so is much harder than it seems because your emotions often beg you to go big or go home.

4. The first results are the hardest
The most difficult part of this challenge was making the first $2500. Starting with $50, I had so little room for error, and even winning trades would add only a few Dollars to that balance. No wonder many people first wash out of this business when the risk-reward ratio seems stacked against you, and you must stay highly disciplined.
5. Don't take early profits off the table
Because those profits are the hardest to come by, resist the temptation to reward yourself. Delay your gratification and let those profits work for you. When your account is high four figures, you can reward yourself without hampering your progress. I split my profits into a Roth IRA and other accounts and later moved some money into accounts focused on long-term gains.
Of course, I'm biased, but day trading has taught me to be more disciplined in all aspects of my life. Every day the score resets to zero, and nothing but your actions will determine your results.
#TetherAEDLaunch
#USEquitiesRebound
#CryptoAMA
#29thBNBBurn