One of the best qualities when it comes to participating in the modern crypto trading world is reading the news. That is simple, but it was never stated that finding the right news will be easy. The worst decision an investor can make is to read only articles related to blockchains. One of the glaring issues of that approach is the fact that cryptocurrencies are traded by real people making them dependent on real-world events. Not only that but news about the deals in the business affects prices too. Most of the major stock players have shares in currencies like BTC, ETH, LTC, and USDT.
The most recent example of this happening will be the fact that CZ (Changpeng Zhao) had a part in the Twitter acquisition by Elon Musk. Everyone heard about the latter, Dogecoin entrepreneur, SpaceX, and Tesla CEO. But CZ is even bigger in the crypto world, being the lead developer and the owner of Binance Exchange.
Who are you, mister CZ
Binance is the biggest exchange on the market from the moment it was founded in 2017 and up to 2022. Having more than 100 blockchain tokens in the assortment and 28 million active users registered, the trading had never stopped here. Aside from the one moment when the company relocated to Japan due to China’s ban on every crypto transaction.
Taking part in Musk’s tweeter deal is a big part of the CZ plan to grow Binance even more. The past years more than $300 million have been distributed to some major companies and promising startups in order to cement Binance as a major stock player. But it was nothing compared to the recent investments of $500 million into Elon’s deal. Even if it is just a couple of percent of the whole deal, the move had put CZ on the table as a very bold entrepreneur. Not to say about plans to invest $200 million into Forbes media company.
Healthy alternative to a rigged market
Playing the market is pretty similar to playing on bitcoin gambling game websites. The latter is much more consistent in profits due to fixed RTP changes implemented by the developers. RTP or Return To Player is the percentage of the money you can expect to get back by playing the machine. For BTC games, it was often set to 90-95%% which is higher than most of the digital table games, for example.
If you are not familiar with online gambling, let us recommend the high and low game option. The gameplay is very simple and streamlined:
- press the «Start» button;
- look at the card presented;
- take a guess if the next card is higher or lower;
- see if you were right;
- take you winnings.
Just a coin flip at first glance but the program has its patterns too. It is similar to stock trading in this regard. Most successful traders rarely rely solely on the fact, the guess should be taken too. Time to make one yourself!