Binance Futures Second Anniversary | Bitcointalksearch.org

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: adaseb on November 20, 2021, 10:12:14 PM

You would be surprised how easy it is to outperform >90% of most users, especially on a longer time frame. It will make you realize that trading definitely is not for most people. Many platforms have these statistics even forex brokers and most reveal that many traders are losing money, it’s tough out there.

I think some of the members that are trying to trade in there are not in it for the long term. People who are looking at the shorter timeframe tend to make the mistakes that you don't want like selling too early or FOMO-ing to something that is short-lived only. I still believe in the long-term aspect of things especially if it's about Bitcoin. It is not for everyone and I think some people need to learn that the hard way. I know I did.

Quote from: adaseb on November 20, 2021, 10:12:14 PM

Regarding the OP stats, are you using some bot. Because you seem to take 100 trades a day for an average of $80 value. Seems impossible to do with a human unless you are doing this full time for a living. Either way, congrats.

I'm using a bot 24/7. It's Gunbot and I set and forget it most of the time unless there's some error encountered or something. I'm still notified through Telegram so no problems about that. Thanks for the congratulations. Looking forward to the next year's stats.

adaseb

legendary

Activity: 3808

Merit: 1723

You would be surprised how easy it is to outperform >90% of most users, especially on a longer time frame. It will make you realize that trading definitely is not for most people. Many platforms have these statistics even forex brokers and most reveal that many traders are losing money, it’s tough out there.

Regarding the OP stats, are you using some bot. Because you seem to take 100 trades a day for an average of $80 value. Seems impossible to do with a human unless you are doing this full time for a living. Either way, congrats.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: kramchers on September 20, 2021, 01:05:02 AM

I had been using spot trading in Binance for more than 2 years now and yet never been try to trade over this platform using future trading.
Because I am much more comfortable in spot trading ever since I started here in cryptocurrency even in the other exchange site platform. Also, some margin and leverage, nope, I never try that. But so glad, that Binance reached 2 years now in this crypto space.

Well it's so delicious when you get 100x even 1,000× in a couple months through future trading until youve got a lot of margin call notification lol.

Congarts for this achievement binance, the fastest growing exchange!
i was in bittrex since 2014-2015 ago ... yet they are lack of development so i left them for binance now.
my future trading history are all sucks unfortunately, now i learned and ready to continue my future trading journey now

good numbers you've got there by the way.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: trickys on November 20, 2021, 10:31:03 AM

Well... obviously, trading crypto with leverage is beyond insane when bitcoin can easily go up or down 10% a day.

If you don't know how to manage risk, avoid too much greed and don't have a good winning strategy then yeah, you will be completely fucked

Those 10% changes also help good traders make insane profits in a short period of time.

trickys

newbie

Activity: 37

Merit: 0

Quote

I got the message too, cryptocurrencies are still not good for leverage trading, even if leverage trading is included, it should not be more than 10x. People are losing to leverage trading and they are people that only have little amount of money that are losing to rich people that trade huge but little it no leverage.

Well... obviously, trading crypto with leverage is beyond insane when bitcoin can easily go up or down 10% a day.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: tbct_mt2 on September 19, 2021, 10:28:28 PM

2 years since the launch of Binance Futures and more than 4 years since the launch of Binance exchange. What a fast time machine!

It's really a great feat with what the exchange has done and it has been going strong for a long time now. It's amazing how much they can do and I do appreciate all the focus groups per country that they cater too.

Quote from: tbct_mt2 on September 19, 2021, 10:28:28 PM

Future trading is too help exchanges getting richer and richer.

Because of all the liquidations? That's true. But they should be stricter with those who are not yet aware of what they are going into. I remember the first time I tried it, there are no quizzes to answer just introducing to you what Futures is and that's it. I see people taking the time to study for that quiz.

Quote from: tbct_mt2 on September 19, 2021, 10:28:28 PM

Spot trading is good. Leverage trading is worse, and Future trading is worst. What is the best? Hodling.

For sure it's a personal choice but it has been proven to be an effective way to profit.

Quote from: ?? on ??

Second anniversary with great achievement. binance has made trading easy for so many

You can say that they have made it accessible to the masses with their smartphones.

Quote from: kramchers on September 20, 2021, 01:05:02 AM

But so glad, that Binance reached 2 years now in this crypto space.

It was established in 2017, it's for years now. It's what tbct_mt2 is talking about.

kramchers

full member

Activity: 854

Merit: 101

I had been using spot trading in Binance for more than 2 years now and yet never been try to trade over this platform using future trading.
Because I am much more comfortable in spot trading ever since I started here in cryptocurrency even in the other exchange site platform. Also, some margin and leverage, nope, I never try that. But so glad, that Binance reached 2 years now in this crypto space.

tbct_mt2

hero member

Activity: 2366

Merit: 838

2 years since the launch of Binance Futures and more than 4 years since the launch of Binance exchange. What a fast time machine!

Future trading is too help exchanges getting richer and richer.

Spot trading is good. Leverage trading is worse, and Future trading is worst. What is the best? Hodling.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: Tytanowy Janusz on September 17, 2021, 06:49:50 AM

Here is mine

Thanks for sharing yours. I understand why people tend to stay away from futures because of the possibility of being liquidated and not being safe if you are unable to control your emotions. I know those memes that you are going to wear a cap of Mcdonald's after seeing the dump, lol.

Quote from: Tytanowy Janusz on September 17, 2021, 06:49:50 AM

Binance used to make such report from spot too, but they stopped in 2019. Shame.

I don't remember if I have ever received that. I want to see an example if you have one.

Quote from: Tytanowy Janusz on September 17, 2021, 10:12:49 AM

That's why I avoid futures. Not because its risky. Experienced trader, who knows how to use it is not in any risk. Its because I know my weakness.

I like this line of yours. It's definitely one of the key points to understand of yourself to improve.

Quote from: Alisha-k on September 17, 2021, 05:07:19 PM

I have gone through my email but didn't receive this email. Although I hardly use Binance for exchange or Trading the last time I did a transaction with Binance was towards the end of 2020. And my left over balance isn't encouraging enough. A big congratulations to their second Anniversary

That's probably why you didn't receive it. You weren't active enough or something. And why even leave the balance in your wallet there?

Alisha-k

member

Activity: 840

Merit: 23

I have gone through my email but didn't receive this email. Although I hardly use Binance for exchange or Trading the last time I did a transaction with Binance was towards the end of 2020. And my left over balance isn't encouraging enough. A big congratulations to their second Anniversary

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: Oshosondy on September 17, 2021, 08:48:54 AM

I got the message too, cryptocurrencies are still not good for leverage trading, even if leverage trading is included, it should not be more than 10x. People are losing to leverage trading and they are people that only have little amount of money that are losing to rich people that trade huge but little it no leverage.

125x is too risky, 20x is even still very risky, 10x is risky, 5x is better but yet risky. Good traders will not go more than 5x or lower leverage, but 1x is the best which will give you the advantage of futures but no leverage but having ability to go short which is not available in spot trading.

It was not my point. Crypto, especially bitcoin, is ok for leverage trading. And even x125 is acceptable if you know how to do money management and you adjust your strategy. Its all about money management. Its not like x5 is for good traders, x100 is for gamblers because all in with x5 is far more risky than putting 1% of your portfolio in 100x leverage trade.
My point was that I, personally, have bad moments, when market push me too hard, too many times in raw, what makes me open to risky positions and average down until I run out of cash. On spot I still risk only few % of my balance until I make a decission to sell, while on futures you always can increase leverage and buy more and more until margin call and zero whole balance. That's why I avoid futures. Not because its risky. Experienced trader, who knows how to use it is not in any risk. Its because I know my weakness.

And you can short on spot - you need to borrow an asset first, use margin or leveraged tokens (like BTCUP/BTCDOWN).

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: Tytanowy Janusz on September 17, 2021, 06:49:50 AM

Too shame this "Outperformed: 91.07% of users" relates to trading volume only. Not ROI.

Binance used to make such report from spot too, but they stopped in 2019. Shame.

I got the message too, cryptocurrencies are still not good for leverage trading, even if leverage trading is included, it should not be more than 10x. People are losing to leverage trading and they are people that only have little amount of money that are losing to rich people that trade huge but little it no leverage.

Quote from: Tytanowy Janusz on September 17, 2021, 06:49:50 AM

In futures, this would result in over leveraging my trade to the moment when I have no money left on 125X leverage.

125x is too risky, 20x is even still very risky, 10x is risky, 5x is better but yet risky. Good traders will not go more than 5x or lower leverage, but 1x is the best which will give you the advantage of futures but no leverage but having ability to go short which is not available in spot trading.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Here is mine

But the fact is that I was not active for 521 days. I was active one day, when I was testing binance futures. I prefer spot trading. I'm comfortable with my strategies. I have been generating repeatable profits for several years but ...
every few months, maybe once a year, the market push me that hard, that I break my rules and take too much risk. In the case of spots, it is a loss of xx% of the portfolio in few days. In futures, this would result in over leveraging my trade to the moment when I have no money left on 125X leverage. Margin call and I go work to MC Donald. I know it's the Achilles' heel off me so all i can do is stay out of futures.

Too shame this "Outperformed: 91.07% of users" relates to trading volume only. Not ROI.

Binance used to make such report from spot too, but they stopped in 2019. Shame.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

So I received an email a while ago regarding Binance Futures. I'm here to share what I have done in Binance Futures and what statistics are being shown. See the images at the end of the post for reference as well.

I'm almost 2 years with Binance Futures

Using it for: 572 days
Transactions: 56473 Trades
Produced Trading Volume: 4085142.83 USDT

Outperformed: 91.07% of users

Volume after 5 months: 1348097.13 USDT
Volume after 1 year and 2 months: 3676628.55 USDT

Top Pairs: USDT-BTC, USDT-XTZ, USDT- ADA

Did anyone receive something like this in their emails? Maybe you can share your experience here.

Topic: Binance Futures Second Anniversary (Read 156 times)