Stops and limits on a share dealing position
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Guest Benstone,
in General Trading Strategy Discussion
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By iamcryptic · Posted
DeFi holds incredible promise, but it’s not without its obstacles. Smart contract vulnerabilities, scalability concerns, security risks, and a lack of consumer protection all need to be addressed for it to reach its full potential. Take WUSD, for instance. It’s a stablecoin pegged to the US Dollar, designed to offer stability for payments and trading. While that sounds great in theory, it’s important to remember that, like any DeFi project, WUSD comes with its own set of risks that need careful consideration. WUSD aims to connectTradFi with DeFi by establishing a global network for real-time payments. While the idea is promising, there are still significant concerns about security, regulatory challenges, and scalability. Smart contracts can have bugs, and the unregulated nature of DeFi means that sudden legal or regulatory changes could have a big impact on projects like this. Ultimately, the real challenge will be whether WUSD and similar solutions can gain enough trust to be used in everyday transactions, without falling into the same pitfalls that many DeFi projects have faced. Issues around security, scalability, and regulation remain major roadblocks, and there’s still a lot of uncertainty about how these projects will evolve. For now, though, they’re an intriguing alternative, and I’ve decided to pick up some WUSD on Bitget as a way to diversify away from USDT. -
The crypto community is buzzing with excitement as Bitcoin (BTC) is once again capturing attention with growing expectations for a rally toward the $100,000 mark. Here’s an analysis of why traders are setting their sights on this key psychological milestone and what factors are fueling this optimistic sentiment. -Bitcoin Halving Cycle Anticipation Bitcoin’s next halving event, expected in 2024, reduces the reward miners receive for verifying transactions, thus lowering the supply of new BTC entering circulation. Historically, halvings have preceded major price rallies, and the anticipation of this event has many traders betting on a price surge. -Bullish Technical Indicators Recent technical analysis shows that BTC is forming a “cup and handle” pattern, a classic bullish signal that often precedes major price increases. Key support levels have held up in recent weeks -What’s Next for Bitcoin? Traders are watching for key indicators that could confirm the path to $100,000, including ETF approvals, stability in the broader market, However, long-term holders are generally optimistic, seeing BTC's potential for continued growth. Where are you holding is it on DEX or CEX ?
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Been following the tech space lately and came across something pretty interesting, peaq. It’s a Layer-1 blockchain, but not in the usual sense. They’re focused on creating decentralized infrastructure networks (DePIN) for machines, where over 850,000 connected devices, robots, and machines can interact, make payments, and even verify data without human involvement. It’s automation at a whole new level. I like the fact that peaq is giving machines their own identities with peaq ID, and allowing them to pay each other with peaq pay. This could change industries like logistics, energy, and IoT, where autonomous, secure machine-to-machine transactions are critical. Imagine how much smoother things could run if machines could operate seamlessly together. I’ve also seen some exchanges promoting events related to it recently. Still early, but if peaq can pull this off, it could pave the way for decentralized infrastructure in an increasingly automated world. Anyone else thinking about where this could go?
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