The bearish trades came after several tokens fell to multimonth lows on Friday as crypto’s fear and greed index began flashing “extreme fear.” In July, Qwatio took a $25.8 million hit after a market rally liquidated his short positions, wiping out the gains he had made earlier. Crypto analysts have called him “one of the worst traders in crypto” due to his losing streak. He received $75,000 from users joining through his referral link. All his funds remained on the exchange, locked into losing trades until they were fully liquidated.

Monitor Your Account and Trade History

Some time away from the market and reflecting on what you are doing wrong will help you freshen your mind and get back in your groove much faster. Always trade on reputable exchanges like Coinflare, enable two-factor authentication (2FA), don’t brag about how much crypto you hold and never share your private keys or recovery phrases with anyone else. Whenever you are starting something new, you are bound to make some mistakes in the beginning. However, there are a few things that prove to be absolutely devastating for crypto traders. We have mapped down a few of these mistakes that you should be actively working on to avoid if you want to become a better trader. Follow reputable news outlets and official social media channels of trusted exchanges to keep up with the latest industry news and market shifts.

Best platforms to start trading in 2024

Likewise, calling something a “token” or “NFT” doesn’t exempt it from regulation if it operates like an investment reliant on someone else’s efforts for profit. As such, market traders are anticipating a fresh crypto bull market https://afrisynapseai.co.za in the coming few months, akin to the crypto summer of 2017. With the recent bilateral agreement between China and the United States, among other major economies, global economic activities are expected to surge. Furthermore, the global money supply has been increasing and will accelerate once the Fed’s Quantitative Easing (QE) starts early next month.

Yes, IC Markets provides cryptocurrency trading to South African clients, offering access to various crypto CFDs with competitive trading conditions. “Hodl” is a popular term in the crypto community, originally a typo of “hold,” which now means holding onto your crypto assets for the long term. Traders keep their cryptocurrency funds intended for immediate trades on the exchange. Crypto balances held for longer are more safely stored in a cryptocurrency wallet, with a hardware device being the safest option.

Crypto Stories to Watch in 2025: Why Tapzi Might Be the Best Crypto Presale for Explosive Growth

The total volume in DeFi is currently $17.28B, 8.17% of the total crypto market 24-hour volume. The volume of all stable coins is now $192.46B, which is 90.99% of the total crypto market 24-hour volume. The global crypto market cap is $2.97T, a 1.88% decrease over the last day. Best Cryptocurrency Trading Platforms offer a blend of security, ease of use, and a wide variety of digital assets. EasyMarkets offers trading on Bitcoin, Ethereum, and Ripple CFDs, tracking prices from licensed exchanges like Bitstamp. Yes, FBS offers cryptocurrency trading to South African clients, providing access to various crypto CFDs with competitive trading conditions.