Thursday, June 23, 2022

What Does 10x Mean In Crypto

Low Fees For Margin Trading

Top Crypto Coins That Will 10x This Year!! (URGENT)

Another benefit of margin trading on Kraken is that we offer extremely competitive fees. Depending on the currency pair youre trading in, well charge up to only 0.02% to open a position and up to only 0.02% in rollover fees to keep it open.

Before using margin extensions to trade cryptocurrencies please take time to fully understand it and the unique risks involved. There are a lot of concepts to learn, but this is your money at stake, so it’s worth your time to walk through everything carefully.

Promising Cryptos: Epik Protocol

At the peak of its power, the tokens underlining EpiK Protocol reached a price over $2 a pop. On Black Friday during the global markets rout, EPK was trading hands at just under 37 cents. Well, that was one discount that speculators should have advantaged. Over the past 24 hours, EPK gained a very hearty 30%.

Categorized as one of the storage-based blockchain networks, these associated cryptos are among the most believable in terms of hype. I say this because other virtual-currency-related projects feature goals that are too lofty for instance, replacing fiat currencies with decentralized coins and tokens.

Im sorry but no government entity will be so quick to give up its power, especially not the power of fiat currencies. But a storage ecosystem? That I can understand. Essentially, such platforms are participatory and voluntary. Users engage the target platform to extract a crypto reward.

In EpiK Protocols case, it seeks to transform knowledge in various fields into a knowledge graph. To me, the purpose appears to be to use the blockchain technology to create an immutable database of collective knowledge, thereby catalyzing a more intelligent future.

Im a bit skeptical about the future of humanity but if youre an optimistic, EPK could be for you.

How To Actually Calculate A Investment Return Multiple

Remember each round of financing further dilutes early investors money.

Lets say a seed investor put in $1M in a companys first financing round at a $10M post-money valuation. The company ultimately sold for $200M. So, one might infer that the seed investor made $200M/$10M= 20X their money.

Unfortunately, this is almost never the case.

In almost any outcome like this, the company goes on to raise more money, usually at higher prices. As new investors come on board, all existing shareholders of the company will have their ownership stake in the business diluted. This also happens when a company expands their option pool.

Heres how that plays out for the seed investors.

Lets say this theoretical company raises just one more round of financing. Its a $10M round at a $50M post-money valuation. And as part of the round, the option pool of the company is expanded by an additional 10%. After this round, the company has their $200M exit.

In this example, the flow of the math would be something like this: The seed investor owned 10% after the seed financing. In the next round, the seed investors ownership is diluted by 30% .

So the seed investors ownership was actually 7% at exit. Thus, their $1M returns $14M??a 14X return. Pretty great, but meaningfully different from 20X.

But most companies do not have a straight shot to a multi-hundred million dollar exit with just a seed and Series A. Most raise multiple rounds, and dilution happens at each round.

Read Also: How To Report Crypto Losses

How Many Percentage Profits Is 10x

The formula to calculate the percentage profit of 10X is by dividing the total return of investment from the investment amount, then multiply the answer by 100 and subtract by 100 which will give you the profit percentage.

Below is a formula to calculating the percentage of 10x.

Return of investment / investment amount = ANS

ANS x 100 – 100= percentage profit

For Example, Peter bought $1M worth of BITCOIN and his total return of investment grew to become $10M, the calculation will be.

10,000,000 / 1,000,000 = 10

10 x 100 = 1,000 – 100 = 900%

10M divided by 1M which is equals to 10 then multiply 10 by 100 which is equals to 1,000 minus 100 which will give you the correct percentage profit of 900%.

This means that for you to 10X your money with crypto, you need an altcoin that can do a nice 900% increase in price.

What To Expect From Bityard Soon

10X Your Money With Crypto » Crypto Redeemer
  • Trading with 10 crypto and 11 conventional assets is great but the number of trading pairs should exceed 40, or even 50 to reach more people.
  • Only LINK, DOT, and UNI is supported as DeFi tokens. Not to miss the current DeFi hype, users should see more DeFi trading pairs.
  • There are 9 supported languages but most of them are Asian languages. To broaden your user profile with different nationalities, more languages should be added.
  • Dont give up Complex Contract, Simple Trade. Thats exactly what we want.

If you are not still a member of the Bityard family, come and join us. And dont forget the participate Prediction contest.

If you are interested in writing articles about ANYTHING on Publish0x, you can follow this link.


Also Check: Can You Invest In Blockchain Itself

Crypto Exchanges With Leverage

There are several crypto exchanges out there that offer you to leverage Bitcoin and other cryptocurrencies. Weve chosen the platforms with the highest number of video tutorials on YouTube, so that if you like the platform, you can go and learn more about it.


With this peer-to-peer trading platform, leverage is not a fixed multiplier but rather a minimum equity requirement. The Initial Margin and Maintenance Margin levels determine your leverage. They specify the minimum equity you must hold in your account to enter and maintain positions.

The highest leverage BitMEX offers is up to 100X on its Perpetual Bitcoin / USD Perpetual Contract.

The fees for leverage trading on top of BitMEX are quite high and apply to the entire leveraged position.

The maker fee for trading Bitcoin, Ethereum, and Ripple with the 100X leverage is 0.0250%, while the taker fee is 0.0750%.


With PrimeXBT, the exchange provides you with the funds to trade with increased exposure. You can trade Bitcoin, Ethereum and other coins without tying up lots of capital.

The highest leverage PrimeXBT offers is up to 100X leverage on Bitcoin, Ethereum and a few other major alts.

The fees for leverage trading on top of PrimeXBT are flat. As the exchange reports on their website, the borrowing cost depends on the liquidity of the underlying asset. If you open and close a leveraged position within the same trading day, you are not subject to overnight financing.


Can You Make 10x With Crypto Tokens I Tried For You

You havent seen me writing a lot about crypto since I was initially a Crypto Skeptic.

Over the past decade, crypto has grown into a $2 trillion market cap industry and it has been through a few booms and busts.

Chances are it isnt going away.

It remains a highly speculative asset class but as you can see by looking at each grey arrow below, it now takes longer for Bitcoin to increase 10x in value.

Bitcoin is a maturing asset

You May Like: How To Buy Bitcoin With Visa

What Is Leverage Trading

Leverage trading, often referred to as margin trading, allows traders to borrow funds, reducing their initial contribution to the position. In theory, this enables traders to amplify their returns by trading with larger positions than they wouldve been able to without leverage. That being said, leverage trading comes with far more significant risks than traditional trading, but we will get into that later.

This Old Altcoin Has Superb Upside Potential Since It Is Positioned For A Rebound

What does 10x mean in crypto?

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio.His coverage reflects his passion for motorcycles, booze, and guns , but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor.Have a story idea? Contact Rich . I may not be able to respond to every suggestion, but I do read them all! Think an article needs a correction? Reach Rich .

Also Check: How To Mine Bitcoin 2017

You Only Trade Once Or So It Seemed

In crypto, you only get one shot at each transaction.

You get it wrong you, you lose it all.

But to get one trade done, you need to channel your money through the entire ecosystem, which involves multiple transfers.

The issue with being first in any crypto project is that you need to get exposure to a coin that is highly illiquid, not traded on centralized exchanges , and probably manipulated by a few insiders along the way.

Now, from what I understand the bulk of projects are currently launched on the Binance platform.

Anatomy of a Crypto Trade

To buy the token , you need to:

  • Deposit your fiat currency into Binance
  • Exchange it for a Binance Smart Chain Token
  • Transfer BNB into a Hot Wallet like Metamask
  • Swap BNB via a Decentralized Exchange like Pancakeswap for BoW Token
  • Store BoW Token in your Wallet like Ledger
  • Ring of Fire

    Even experienced crypto tradersdont quite understand how the DEX dark pools match trades.

    Crypto will get easier as the industry matures but for now, the process rings a familiar bell from the 90s.

    Whos Eligible For The Amex Platinum Card Welcome Bonus

    If youve never had the Amex Platinum Card, you may qualify for the welcome bonus. Otherwise, Amex sets restrictions on whos eligible to earn a welcome bonus.

    Amex specifies the restrictions in the terms:

    Welcome offer not available to applicants who have or have had this card. We may also consider the number of American Express cards you have opened and closed as well as other factors in making a decision on your welcome offer eligibility.

    You cant earn the welcome bonus if youve ever had the Amex Platinum Card. Additionally, Amex will consider how many American Express cards you have and other factors, which means theres no guarantee youll qualify even if youre a new applicant.

    You May Like: How To Close Crypto Com Account

    Why Leverage Trading Is Not For Everyone

    While leverage can increase a traders trading power, leverage trading comes with its inherent risks. Trading using leverage also amplifies losses at the same rate it amplifies gains.

    For example, a trader opening a $1,000 Bitcoin long with 10x leverage will fund the position at $100 and borrow $900. If Bitcoin goes in the opposite direction, falling 5%, the entire position will now be worth $950. If the trader decides to cut their losses, the 5% loss is amplified 10x, meaning the trader lost 50% of their initial contribution . Furthermore, the situation can get worse if Bitcoin falls 10%. With a 10x leverage, a fall of 10% will trigger a liquidation. A 10% fall will mean the entire position is worth $900. Since the trader borrowed $900, the position will automatically be closed with the $900 being paid back, and the trader is left with nothing.

    Furthermore, liquidations are not uncommon. Even relatively minor Bitcoin price movements can trigger a wave of long liquidations. A few weeks prior, over $30 million in Bitcoin longs were liquidated in a 24-hour timeframe, despite Bitcoins price only being down 2%.

    Cover image by Bermix Studio on Unsplash

    How Does Trading Cryptocurrencies Differ From Stocks

    This Crypto Project Will 10x By End Of 2021 (Elrond Price ...

    While you can invest in cryptocurrencies, they differ a great deal from traditional investments, like stocks. When you buy stock, you are buying a share of ownership of a company, which means youre entitled to do things like vote on the direction of the company. If that company goes bankrupt, you also may receive some compensation once its creditors have been paid from its liquidated assets.

    Buying cryptocurrency doesnt grant you ownership over anything except the token itself its more like exchanging one form of currency for another. If the crypto loses its value, you wont receive anything after the fact.

    There are several other key differences to keep in mind:

    Also Check: What Is Blockchain The Best Explanation Of Blockchain Technology

    When Is It Worth The Risk

    You either need to be an experienced trade, or start out small with leverage in crypto of, say, 2x. For many people in crypto, thats good enough. If you think about a housing loan you take from a bank, thats leveraging your initial down payment by a certain ratio. Only its a more secure investment & less volatile than a Bitcoin, and thus the collateral is more stable and long-term. A cryptocurrency trade would be a short-term trade with volatile collateral.Understanding leveraging in cryptocurrencies while practicing risk management on each trade can prove to be a vital tool in maximizing gains and minimizing losses. Its more than just observing the direction of your cryptocurrency. Keep an eye out for the market volatility, too, to avoid liquidation of your position, and make sure to keep a wholesome check on your crypto leverage to make the most of your crypto trade. You can also check out this in-depth guide to Bitcoin futures trading when you begin.

    Penny Stocks To Buy: Beasley Broadcast

    First up on this list of penny stocks is Beasley Broadcast. An owner and operator of radio stations, BBGI definitely is not in the cutting edge category I described above. Or is it? Besides owning 62 radio stations in 15 markets, the company also has exposure to industries that are anything but old school.

    Take for example BBGIs ownership of the Houston Outlaws, an Overwatch e-sports team. Or, the companys investments in several audio media-related startups, such as Quu and SpokenLayer. Yet, while these non-core assets may pique your interest, the companys less glamorous core business may be what potentially gives BBGI stock a boost in 2022.

    Admittedly, the companys post-Covid-19 recovery hasnt happened as quickly as some may have hoped. Revenue over the past 12 months has come in at $239.2 million. Thats a nice increase from the $206.1 million reported in 2020, but still below the $261.6 million reported in 2019. However, as one Seeking Alpha commentator argued back in May, Beasley could become much more profitable post-outbreak than it was before, thanks to the aggressive cost-cutting implemented during the pandemic.

    Besides its turnaround appeal, BBGI stock could be a takeover play as well. The company is controlled by the family of its late founder, George Beasley. They could decide to sell to an even larger radio operator that could squeeze out additional cost savings and therefore be willing to pay a healthy premium.

    Don’t Miss: What Is Bitcoin Worth Now

    Complex Trades Simple Interface

    With Kraken, margin trading is accessible to everyone. Apply up to 5x leverage to an order with just one click, whether youre placing a .

    What Is Margin Trading

    2 Super Coins to 10X (Mega Moon Potential)

    Each platform has its own conditions regarding leverage. For example, in the stock market most often used the leverage of 2x, Forex brokers can offer values up to 200x in some cases. At BitMEX, Binance and many other crypto exchanges clients can open a position with up to 100x leverage. By the way, Binance Futures platform provides 125x leverage.

    Read Also: Can You Trade Crypto In Robinhood

    Crypto Terms: Cryptocurrency Slang You Need To Know

    Not a crypto-whale or cypherpunk? The overwhelming number of cryptocurrency terms out there might have you yelling, FUD! But dont let crypto FOMO get you down. Like every new invention, cryptocurrency comes with brand new vocabulary. And with Blocklrs comprehensive guide to cryptocurrency slang, you wont be a NEWB for long.

    So whether youre a bear investor, AFI or you just want to know what these new-age cryptocurrency terms mean, weve got you covered. Get ready to ride the crypto wave.

    All Time High : The highest price point in history that a token or coin has ever reached.

    AFI: All fucking in when buying/selling/trading cryptocurrency.

    Anti Money Laundering : Rules and regulations aimed at ending market manipulation and other ways of obtaining funds illegally.

    Arbitrage: Buying and selling securities at the same time but in different markets or forms. This allows you to use the different prices for the same asset to your advantage.

    Bagholder: A Bagholder is someone who holds coins for an extended period of time because they believe theyre worth more than they are.

    Bear: Crypto pessimism or skepticism that can describe an individual or a market. A Bear Investor is someone who believes a market is about to drop. A Bear Market is a market which is experiencing falling prices. These are some of the most used cryptocurrency terms on our list.

    Bitshaming: When someone makes fun of a longtime Bitcoin investor who has yet to become rich.

    Promising Cryptos With Potential To 10x In 2022

    With so many fascinating developments that occurred in the market during 2021, its extremely difficult to pick out just one. Certainly, the rise of meme stocks may have forever changed how Wall Street approaches their next shorting opportunity. Nevertheless, in my humble opinion, cryptocurrencies take top honors. Its a slight lead, to be sure, but cryptos have truly gone mainstream this year.

    First, let me acknowledge that Im biased. As someone who has been talking about Bitcoin for a very long time, I feel more connected to cryptos than I do most other investment sectors. Not only that, I lived through the experience, both the soaring highs and the crushing lows. Its a wild ride, these cryptos, but ultimately Im grateful for how the sector changed my life.

    Still, should I be grateful for virtual currencies themselves or the wild speculation that drove them higher? In the euphoria, its hard to distinguish the two, but key differences exist. If the former, you might want to consider upping your stake in cryptos. But if the latter, the phenomenon could crumble much like a similar euphoria did during the Roaring Twenties.

    • EncrypGen
    • Aeternity
    • All Sports

    Don’t Miss: How Do I Find My Lost Bitcoins

    Popular news
    Related news