Hi, I'm neiri.
Started crypto with Telegram airdrops made $50.
Did 20+ testnets at once. Made nothing.
Tried trading & degen. Mostly losses. Then I faded out.
Now Iβm back.
Building my Web3 brand, looking for opportunities, growing in public.
Follow the journey
just checked my @WEEX_Africa account and saw this $20 from the giveaway.
I wouldn't have even got a chance to be part of the winners if not for @itsSh0la.
Thanks a lot and now we go again to be part of the second set of winners
LFG
#CryptoWithShola
I never really understood how FUTURES trading worked.
How do you even make money just by predicting that price will fall?
With spot trading I understood it fine. when you buy and hold a coin, your money grows as the price of the coin grows.
Then it finally clicked for me.
Futures is a bet between traders not a buy and sell.
You don't buy the coin. You put margin(money) down and take a side.
If I go long at a price, I need a trader(s) to short at that price with enough margin(money) to match me.
If i say it goes up.
And they say it goes down.
We both enter the trade when BTC is at $100.
I go long. Someone else goes short.
It hits $110, they pay me the $10 difference.
It hits $90, I pay them the $10.
You don't sell a coin you own. You just take the side that price falls, and if it does, you take the difference.
Whoever is right takes it from whoever is wrong.
The exchange just moves it. No new money shows up. The coin never leaves anyone's wallet.
When you close, your balance changes by that difference.
#CryptoWithShola @itsSh0la@highchiefebuka@CyrusOlogun@WEEX_Africa
@TenaciousTMC from the pictures and videos I see you enjoy doing the work
and you will definetly need an offline job apart from crypto to have a sure source of income.
and money dey pig business oo