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Steve

@stevebeachy

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Learning Crypto with /sense What are the cons of using a centralized crypto exchange ? Lack of Full Control Over Your Funds When you use a centralized exchange, you don’t actually hold your crypto, the exchange does. Security Risks Centralized exchanges are popular targets for hackers because they manage large amounts of crypto in one place. Censorship and Freezing of Accounts Because they follow government regulations, CEXs require ( KYC - Know Your Customer ) and can block transactions or freeze your account. Regulatory Risk Centralized exchanges must follow local and international laws. If a government bans or regulates crypto suddenly, the exchange could be shut down or restricted. Lack of Transparency Some exchanges have poor internal controls, mismanage user funds, or even engage in fraudulent activity. Downtime and Performance Issues During periods of high market activity (like crashes or pumps), centralized exchanges can slow down or go offline, causing trade delays or withdrawals.
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Is altcoin season here yet ? CoinMarketCap calculates the Altcoin Season Index (ASI) by measuring how many of the top 100 non-stablecoin, non-wrapped cryptocurrencies have outperformed Bitcoin over the past 90 days. Here's the benchmark: ASI ≥ 75 → Altcoin Season ASI ≤ 25 → Bitcoin Season 26–74 → Transitional phase 📉 Recent Data Points: As of July 22 , 2025 the index was at 43, in the transition phase. 📊 What This Means: With the ASI hovering between 40 - 45 we are still in Bitcoin season . Less than half of the top altcoins are outperforming Bitcoin, and there’s no sustained rotation into altcoins yet. The ASI remains below the threshold of 75. We're in Bitcoin Season, signifying no broad altcoin outperformance at present. Analysts are cautioning that we’re approaching a potential altcoin kickoff but nothing has triggered a full fledged alt season yet Talk of altcoins surging is emerging, but the index isn't confirming a lasting alt season yet.
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Crypto Learning with /sense What are the benefits of using a Centralized Exchange for a crypto newbie ? Ease of Use User-friendly interfaces with apps, dashboards, charts, and fiat on-ramps. Designed for beginners and experienced traders alike. Liquidity High trading volume means tight spreads and faster order execution. Fiat Integration Accept credit cards, bank transfers, PayPal, etc. Allow easy conversion between crypto and traditional currencies. Advanced Tools Offer margin trading, futures, staking, lending, and API access. Charts, stop-loss orders, and other tools for traders. Customer Support Most offer dedicated customer service (tickets, live chat). Helpful for issues like account recovery, failed transactions, etc. Regulatory Compliance (depending on jurisdiction) Major CEXs (e.g., Coinbase) are regulated and work with government frameworks. Examples of CEX's: Binance, Coinbase, Kraken, and KuCoin. Tomorrow we talk about the cons of CEX’s.
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Learning Crypto with /sense What important role do stablecoins play in the crypto space ? Stablecoins are cryptocurrencies designed to maintain a stable value by being pegged to a reserve asset like a fiat currency. Crypto is a wild roller coaster. Stablecoins are the seatbelt, they protect your money’s value. Easy Global Payments You can send a stablecoin to someone in another country instantly, without banks, and they’ll know exactly what it’s worth. Used for Trading Traders often sell crypto for stablecoins (instead of cashing out to a bank) to lock in profits or avoid losses. No Bank Account Needed In some places, people don’t have access to banks but they can use stablecoins to store and spend money securely on their phone. Foundation for Crypto Apps Many apps in the crypto world (like DeFi, lending, borrowing) rely on stablecoins to work smoothly. Stablecoins = The "dollars" of crypto. They let people use crypto without worrying about wild price changes. New motto thanks to @girl-ua
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Crypto Lesson with /sense What Is a Profit-Taking Plan? It’s a simple game plan for when and how much of your crypto you’ll sell as the price climbs. The goal? 👉 Lock in gains before the bubble pops. How to Build a Profit-Taking Plan Set Target Levels Pick a few prices where you’ll take some profits. Example if you bought $PENGU at $0.03 Sell 20% at $0.05 Sell 20% at $0.08 Sell 20% at $0.10 Sell more if it keeps going This is called laddering out. Don’t Try to Sell the Top You won’t guess the top perfectly , nobody does. That’s why you take profits gradually on the way up, not all at once. Use a plan, not emotions. A plan keeps you from : Getting greedy Panicking Missing your chance to cash out For me personally, I find it best to write my plan down in a notebook where I can reference it quickly. It helps to keep me accountable to my plan and not be swayed by market conditions. A special welcome here to @iirina who is @tashacrypt.eth mom ! 🙌🫶
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Crypto Lesson with /sense Why HODLING is better than trading for most investors: Less Stress, Less Time Trading = watching charts all day, making fast decisions, risking emotional mistakes. Investing = research once, check occasionally, sleep easy. Most Traders Lose Money Studies show that most short-term traders actually lose money over time. The market moves in unpredictable ways, and even pros get it wrong. You Benefit from Long Term Growth Crypto like Bitcoin and Ethereum has gone up a lot over the years. If you’d just bought and held, you could’ve made huge gains without needing to trade daily. Fewer Fees and Taxes Every trade = transaction fees + potential taxes. Investing = fewer trades = lower costs and simpler tax stuff. You Don’t Need to Be a Genius You don’t need to predict every little move. Just believe in the long-term potential and hold through the ups and downs.
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