Forum Posts

Lisa Lisa
Mar 23, 2022
In General Discussions
Don't forget about your bots. You can't just turn on your cryptocurrency trading robots and forget about them for a month. They need to be regularly managed and updated to keep them in line with the current situation in the cryptocurrency market. Otherwise, you will most likely have losses instead of profits. Know how to trade. A bot is an automation tool, not a strategist or decision maker. You determine what to trade and what strategy. You don't have to be a professional trader to properly set up your strategy, but you do need to test the pairs you trade on the market, analyze charts, and learn the basics of cryptocurrency trading. Beware of scams. Fraud is nothing new in trading, so learn a bot before using it. See how long it has been on the market, read reviews and user reviews to make the right impression. Check the quality of your bot. Not every cryptocurrency trading bot is well-programmed and the quality of the software is very important. If the quality is poor, you are more likely to lose money instead of earning it. So, again, it's a good idea to learn more about the bot you want to use. In addition, it is better to start with small amounts to see how the cryptobot works.
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Lisa Lisa
Feb 18, 2022
In General Discussions
The Binance Smart Chain (BSC) ecosystem will rebrand to BNB Chain. This was reported to ForkLog by representatives of the project. The new name is intended to emphasize the network's connection to the BNB token and demonstrate that its use has gone beyond the Binance platform. The coin will continue to be used on BNB Chain as a gas token and an asset to participate in management. The BNB Chain ecosystem will include: BNB Beacon Chain Management Network (formerly Binance Chain); blockchain BNB Smart Chain (BSC) - formerly Binance Smart Chain; EVM-compatible consensus levels, including multi-chain hubs. “BNB Chain will cover large-scale applications including GameFi, SocalFi, and the metaverse. In particular, we are talking about scaling from one chain to several, expanding the set of BSC validators from 21 to 41 (20 will receive the status of candidate block producers),” explained Sami Karim, coordinator of the BNB Chain ecosystem. According to the concept of MetaFi (metadata + DeFi), the network community seeks to build a single infrastructure for various projects of GameFi, SocalFi, Web 3.0, NFT and metaverses, placing them under the "one umbrella". “MetaFi is a future inclusive ecosystem that promises a paradigm shift by enabling seamless interoperability across projects and blockchains,” said BNB Chain. Recall that in January 2022, the BSC team spoke about plans for the technological development of the network with a priority on scalability solutions.
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Lisa Lisa
Jan 31, 2022
In General Discussions
Decentralized peer-to-peer systems are transparent, do not rely on trust, and are not under external control. If you explain what a cryptocurrency is in simple words, you can say this: "This is a convenient alternative to bank transfers." The distributed ledger system does not need intermediaries, which greatly simplifies trading and financial transactions. And records in the blockchain cannot be accidentally, or intentionally destroyed, or forged. Cryptocurrencies can also be used as a means of accumulating capital. First of all, Bitcoin is suitable for this, which many experts already call "digital gold". The entire financial system, in fact, works on trust, failures and even outright fraud often occur. Top managers receive huge amounts of bonuses because they manipulate clients' assets in their own interests. In 2008, the bankruptcy of four banks could bring down the world economy. A decentralized network, having lost one or even ten nodes, will not disappear anywhere and will fully work.
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Lisa Lisa
Dec 03, 2021
In General Discussions
How trading bots work To operate, a trading robot needs access to the user's wallet and permission to conduct trading operations. Here's what the process looks like in detail: The user downloads and installs a trading bot for cryptocurrencies. The program requests access to assets and permission to conduct operations. Before starting work, you need to configure the settings for the trading bot. For example, you can set the cryptocurrency of interest and the limits for operations. After launching, the bot for the cryptocurrency exchange begins to analyze the behavior of digital assets and indicator signals. When a promising option for the transaction appears, if there is a permit, the program makes it. Cryptocurrency trading bots save and transmit information about all completed operations in a report format to users. Depending on the features of a particular program, the process of its work can be slightly adjusted. Types of trading bots All crypto trading bots can be divided into two categories. The first is arbitration. This term hides earnings on the difference in the exchange rate on the trading floors. Earlier, we examined in detail the nuances of the scheme, as part of a review of the best programs for arbitration of cryptocurrencies. The second category of trading robots is Market making. Such bots are needed to make money on the spread - the difference between the best prices for orders to sell and buy cryptocurrencies. Advantages and disadvantages of trading bots Market participants highlight a number of advantages and disadvantages of working with trading bots. The advantages of such programs include the following points: You can automate trading. A trading bot is a tool with which you can get a lot of free time without losing your work efficiency. A cryptocurrency trading bot can be customized to suit your trading style. A crypto bot allows you to simultaneously work on several digital asset exchanges and simultaneously perform operations on a number of trading pairs. Trading automation reduces the risk of missing out on opportunities to make a profitable deal. Robots have no emotion. Eliminating this factor can improve work efficiency. Among the disadvantages of trading robots are the following points: Trading robots do not guarantee profitability. If the bot is inaccurately configured for trading, the operation of the program can lead to losses. Despite the high automation of the process, trading robots still need to be periodically monitored.
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Lisa Lisa
Jun 19, 2021
In General Discussions
Good day to all! I ran into a problem. My secretary has no experience in the preparation of tax papers for goods and services. Where can I go for help?
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Lisa Lisa
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