zebwallet
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🔴 NEWBIES ASK 🔴
Why don't my earnings grow?
A lady asked me why if she had $28 in Binance her money didn't grow, she was sold the bitcoin story and confused USDT Stable coin with bitcoin.
You have to learn to differentiate, STABLE COINS from ALT COINS AND FROM BITCOINS.
STABLE: STABLES do not change price
ALT: Alternatives to bitcoin equally volatile
BTC: Volatile Bitcoin you win or lose a lot
Tokens: They can be meme coins or NFTS equally volatile
If your money is in USDT it will not grow unless you have them blocked with rewards and even then the rewards will be extremely low, since these coins are designed to keep their price stable.
The other coins change their price but remember that you have more risk of losing.
2. WHY I LOST MONEY IF I HAD 28 dollars in Binance USDT and now I have 20 in my bank.
When you make a TRANSACTION on any platform you will be charged a commission of 0.1 to 10% depending on the platform and the type of currency you are selling.
So the money you have will always be less than what you will be given when you convert to Fiat money, that is, real money.
I REPEAT This depends on the platform, some will be higher or lower and also on the type of currency you are selling in. Add to this the commission of the person who will buy your coins from you who will also want to take a commission.
And these are exchange house rules, you can't avoid it. So you will inevitably lose small amounts of money when converting to real money. Get used to it because if you are new you could end up thinking that you were robbed, and that is not the case.
Why don't my earnings grow?
A lady asked me why if she had $28 in Binance her money didn't grow, she was sold the bitcoin story and confused USDT Stable coin with bitcoin.
You have to learn to differentiate, STABLE COINS from ALT COINS AND FROM BITCOINS.
STABLE: STABLES do not change price
ALT: Alternatives to bitcoin equally volatile
BTC: Volatile Bitcoin you win or lose a lot
Tokens: They can be meme coins or NFTS equally volatile
If your money is in USDT it will not grow unless you have them blocked with rewards and even then the rewards will be extremely low, since these coins are designed to keep their price stable.
The other coins change their price but remember that you have more risk of losing.
2. WHY I LOST MONEY IF I HAD 28 dollars in Binance USDT and now I have 20 in my bank.
When you make a TRANSACTION on any platform you will be charged a commission of 0.1 to 10% depending on the platform and the type of currency you are selling.
So the money you have will always be less than what you will be given when you convert to Fiat money, that is, real money.
I REPEAT This depends on the platform, some will be higher or lower and also on the type of currency you are selling in. Add to this the commission of the person who will buy your coins from you who will also want to take a commission.
And these are exchange house rules, you can't avoid it. So you will inevitably lose small amounts of money when converting to real money. Get used to it because if you are new you could end up thinking that you were robbed, and that is not the case.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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