Binance World Ripple Soaring Soaring Trial Results Expected to Win SEC
hello? I am a dream capitalist.
Today, we will introduce the positive news for Ripple’s rise and rise, the SEC and Ripple’s trial results, which are expected to win.
Trial Date: September 19, 2022
Binance Ripple Largest Exchange
Binance is the most traded exchange for Ripple coin.
The first exchange where the Ripple coin rises is Binance. When the US SEC hears good news about the trial result of Ripple Coin, the first Americans and those who see the trial result in the United States buy Ripple Coin. So, Binance is the first to drive Ripple price rise.
Keeping a good eye on Binance and buying Ripple on Binance or other exchanges when Ripple goes up can benefit you.
When you sign up for Binance via the link above, you will receive a 20% discount on lifetime spot trading fees and 10% discount on futures trading fees.
Bitcoin, Ethereum Fee Free
BUSD pair trading fee free
Pre-purchase coins listed on Upbit, Bithumb, etc.
Upbit, arbitrage with Bithumb
You can make money with it.
In the above article, we have written how to use Binance in a very easy-to-use way for those who are new to Binance.
From how to sign up for a Binance membership, we’ve introduced how to verify your Binance identity, deposit and trade your coins.
Ripple Coin SEC lawsuit wins favorable news
The Ripple coin is currently being litigated with the SEC in the United States over whether the Ripple coin is a security or not.
The reason why the Ripple coin is not rising, falling, and sideways is because of the bad news of this SEC lawsuit.
The Ripple coin is debating whether it is a security or not, and a lawsuit is ongoing with the SEC.
So, why does the SEC claim that Ripple is a security?
Whether or not a security is in the United States is determined by whether or not it has passed a subtest.
1) Have you invested the money?
2) Are the funds invested in joint ventures?
3) Can I expect a profit from the investment?
4) Was the benefit generated by the efforts of others?
If the value of this test is true based on the
Based on this, the SEC claims that Ripple is a security, and Ripple argues that Ripple is not a security.
You don’t know if Ripple is a security or not, right?
However, there is one similar case.
It is Ethereum, and the SEC had previously determined that Ethereum was not a security.
So why is Ethereum not a security and Ripple is a security?
That’s what I’m most curious about too. The same goes for Ripple.
So, although the SEC asked me to submit the reason why it judged that Ethereum was not a security as evidence of a trial, the SEC is holding on to it as a document that cannot be submitted to a trial.
The reason the SEC doesn’t file those documents is because the SEC knows they will lose if they do.
If it weren’t for a separate document, the SEC would have tried to win the trial by presenting a clear criterion for determining why Ethereum was not a security and Ripple had to be a security.
So, many people think Ripple will win the trial soon, and even Ripple is making a strong argument that Ripple is not a security.
Ripple’s legal adviser, Stuart Arterotti, points out that the subtest submitted by SEC Chairman Gary Gansler was incorrect.
It is a security that the public expects to profit based on the efforts of a joint venture.
SEC Chairman Gary Gansler
Therefore, Ripple concluded that Ripple is a security because coin investors like us believe that if the Ripple company performs after buying the Ripple coin, they will be able to sell it at a profit later.
However, this applies to all coins, not just Ripple, and is true for most investable assets such as real estate, not securities.
So the SEC is making the wrong argument.
Ripple believes that it will win the trial for this reason and considers it a great boon.
The next trial is scheduled for September 19, 2022.
The trial day is tomorrow.
Of course, the verdict in favor and loss may not be clear at the September 19 trial. However, it is said that many materials will be revealed at the trial on September 19th.
At Ripple, we consider this day a day when we can be sure of winning the trial.
American lawyer Jeremy Hogan
Most of the cards held by Ripple and the SEC (evidence to determine whether Ripple is securities) will be available on September 19th.
Ripple vs SEC
I consider September 19th to be the last day of the litigation game.
Circle the September 19 calendar!
This day excites me.
Ripple seems to be able to focus more on development rather than litigation as of September 19th.
The price of Ripple has seen a surge in the past two days.
The low price rose from around 456 won to a maximum of 534 won today.
It can be seen that everyone bought Ripple in anticipation of good news as a result of the trial that Ripple is not a security.
Especially in the late afternoon of September 17th, it showed really high volume.
I also believe that Ripple is not a security.
On Binance, Ripple is also showing tremendous trading volume.
Nearly 1 trillion 3,500 won was traded.
Binance spot and futures trading volume is growing significantly as more people are predicting the good news after the Ripple trial.
There will be more volume this afternoon, with the highest volume expected on trial day tomorrow.
There was a time when Ripple went up tremendously.
Until around April of last year, the price has risen more than 10 times.
At that time, it also rose due to the good news of the trial, and there were a lot of people who became very rich with Ripple at this time.
It is an area that I do not know well what the outcome of the trial will be this time or whether the price will rise. However, many are expecting Ripple to win the trial.
Also, the reason this lawsuit is so important for coins is that if Ripple is a security, there is a risk that many other coins will also be classified as securities.
I hope Ripple wins tomorrow, and I end this post~
[Source] Ripple soaring soaring good news trial results expected to win SEC | Author Dream Capital’s largest spot and futures exchange
Binance is the world’s largest spot and futures exchange.
According to CoinMarketCap spot exchange rankings, Binance has a daily trading volume of 28 trillion won. At the peak trading volume, it has recorded up to 130 trillion won.
The daily trading volume of KRW 28 trillion is equivalent to about 3% of the total market cap of the coin, and when trading for about 30 days, the trading volume is equal to the total market cap of the coin. Only on one exchange, Binance.
Its trading volume is 7 times higher than Coinbase, which is in second place.
Coinbase is the largest US exchange listed on the US NASDAQ with a market capitalization of about 20 trillion won. Binance is one of the largest exchanges in the US with 7 times the volume of trading.
In addition, FTX, which is on the rise recently, is showing a similar level of trading volume as Coinbase, recording 7 times more trading volume than FTX.
Binance’s futures exchange.
The daily trading volume on Binance Futures is 103 trillion.
This is about 9 times higher than the 11.5 trillion won of FTX, which is second.
In spot trading, it has 7 times more trading volume than FTX and Coinbase, and 9 times more than FTX in futures trading.
It is safe from rapid price fluctuations as it has high trading volume and liquidity, and it is the safest exchange in the world because it invests more than 100 billion won every year for security.
This is the invitation address for the world’s largest exchange, Binance Lifetime Spot Fees 20% Off + Futures Trading Fees 10% Off.
Through futures trading, we conduct futures trading to maximize profits in both bearish and bullish markets. We’ll show you how to sign up for Binance and start trading futures in a very easy way.
Advantages of joining Binance
Exchange with the best liquidity
The world’s largest security-level exchange
Bitcoin transaction fee free
Maximize Your Profits with Futures Trading
Upbit, pre-purchase of coins listed on Bithumb
Upbit, Bithumb and Market Profit Profit
Binance has so many advantages.
In addition to the above, Bitcoin transaction fees are free, you can earn daily interest income just by depositing money, and since most coins listed on Upbit Bithumb are listed on Binance, you can purchase coins at a low price when listing. and you can earn a profit from the market price.
How to use Binance is explained in the above article.
Binance is in English, so it can be a little difficult to use, so I explained all the terms in Korean and explained them in great detail.
It covers everything from signing up for a Binance membership, verifying your identity, depositing coins, and trading spot/futures.
If you are new to Binance, you can follow the above article. And if you have any questions or concerns, please contact us in the comments and we will be happy to answer them.
Binance Upbit, Bithumb and Market Profit Profit
On Binance, you can earn capital gains between Upbit and Bithumb.
I just earned the above method yesterday, August 20th.
It is a very safe method, and it is the secret that I was able to safely achieve a return of 2000% in 3 months in 2017.
There are many different coin exchanges.
There are several types of domestic exchanges such as Bithumb, Upbit, Korbit, and Coinone, and there are large overseas exchanges such as Binance in foreign countries.
Importantly, the price of coins is different for each exchange.
The coin I earned yesterday is Ethereum Classic.
Let’s take a look at the Upbit price of Ethereum Classic yesterday.
At just 7 o’clock, or around 7 o’clock, the price of Ethereum Classic is about 49,250 won. Upbit in Korea costs 49,250 won.
At the same time, let’s take a look at the price of Ethereum Classic on Binance.
The price of Ethereum Classic on Binance was around $34.
At that time, the real exchange rate considering the kimchi premium was 1373 won.
So, calculated as 1373 won, 34 dollars is 46,682 won.
You can see that Upbit is 5.5% more expensive than Binance.
So, if you buy 10 million won worth of Ethereum Classic on Binance, send it to Upbit, and sell Ethereum Classic, you can earn 550,000 won.
However, there is one problem here.
It takes about 4 hours to transfer Ethereum Classic to Upbit.
In this case, if the coin price plummets during the transfer to Upbit, it will fall further and you may lose money.
So, what you need is futures trading.
Futures trading can also be viewed as short selling in stocks.
If you have cash, you can deposit your own money, sell coins in advance, and purchase them again later.
Since I bought 10 million won worth of Ethereum Classic, I can short sell 10 million won worth of Ethereum Classic through futures trading.
I will short sell 1,000 Ethereum Classics.
There are 214.215 Ethereum Classics worth 10 million won. 0.005 is not entered, so I will short sell 214.21.
We will show you how to trade Binance Futures.
You can trade futures and short sell in the Futures tab at the bottom of the Binance app. Click the button to enter futures trading.
With ETCUSDT on the top left, I chose Ethereum Classic Futures.
Decided to start trading in isolated futures.
Binance Academy recommends using Isolated.
Also, I will trade 5 times the futures.
5x can buy 5x more than the money I have. When it rises or falls, it is affected by 5 times the price.
If you make the above transaction with 12 million won, you can use the money for hedging by buying 10 million won in spot trade and short selling at 2 million won in futures x5 = 10 million won.
You have set a short sale of 1000 units at $34.123. (If you short-sell 1000 gifts, you would have bought 1000 in kind.)
Finally, press the Sell/Short button.
Oh, the short sale also made a profit.
But don’t be overjoyed.
Also, don’t be too sad about the loss.
We have 214.215 Ethereum Classic Spot and Short (-)214.21 Ethereum Futures.
So, even if the price of ETH fell in futures and resulted in a short sale of 16.42 won, it would be a 16.42 dollar loss in spot.
Conversely, even if you make a profit in futures trading, you are losing that amount in spot.
The reason for trading futures is to make the return zero no matter how the price of Ethereum Classic changes.
Our purpose is to sell Ethereum at a premium on Upbit.
Ethereum Classic has arrived on Upbit.
Arrived yesterday at 23:3x on August 19th and sold as soon as I saw it.
It was sold for 48,360 won.
The amount, amount, and time to be signed will be kept confidential.
At the time, I was thinking of short selling as a futures trade, but the Ethereum Classic price fell a lot in the short term, and I thought it would rise further, so I omitted the futures trade. (You are taking a small risk) So the profit and loss on futures is $0.
If you traded 214.21 like this
(48,360 – 46,682) * 214.21 = Revenue of $404,750.
Of course, here Binance transaction fee is about 0.05% (when using BNB with 20% discount on fee) + Upbit transaction fee 0.05% Ethereum Classic transfer fee of 400 won = 0.1% + 400 won
If calculated in this way, 0.1% of 10 million won, 10,000 won + transmission fee 400 won, is excluded.
In the end, I got a profit of 394,350 won.
In 4 hours, safely (although I bet on the upside and took a little risk), the return was 3.94%.
You can check the premium of all coins listed on Upbit, such as Ethereum Classic, on the above site.
And, most importantly, to be able to make money this way, you need to be very proficient in depositing, trading, and withdrawing on Binance.
Profits from Kimchi Premium are not always generated. Therefore, it is recommended to practice the procedures of depositing to Binance, purchasing coins, and withdrawing with Upbit before making it proficient in order to capture the profits that occur within a few minutes.
Also, the above drop in yield from 4.07% to 3.94% is largely due to fees.
Sign up for Binance via the link above and get a 20% discount on fees.
How to Maximize Your Short Short Selling Profits on Binance Futures
There are other ways to maximize your profits by trading on Binance Futures.
This is a little risky method.
In the case of Bitcoin futures trading BTCUSDT, the leverage can be used up to 125x.
That means I can trade 125 times more money than I have.
If you have 1 million won, you can buy 125 million won worth of Bitcoin.
Conversely, you can short-sell 125 million won worth of Bitcoin.
If the Bitcoin price rises by 1%, you can earn 1.25 million won, but if it falls by 0.8%, all positions held are forcibly closed and becomes 0 won.
If you buy short in a bull market at a high rate or short in a down market at a high rate, you can achieve a very large return.
However, as it is a very risky method, high leverage is not recommended for those new to Binance Futures trading.
If this is your first time, please trade at 5x or less. Also, we encourage you to learn with a small amount of money.
As a test, I also traded 50x futures on Binance.
I did it for a very small amount, but in an instant, the price of Bitcoin rose and I got about 10% profit.
If you made $100,000, you would have earned $100,000.
However, with such a high percentage of leverage, there is a very high chance of trading losses.
Therefore, as mentioned earlier, it is safe for first-time traders to trade with a low leverage and a small amount of futures trading.
If you have the skills, please trade at a higher price then.
Also, you can get a 10% discount on futures trading with the Binance invitation link I introduced earlier, so please sign up through the link at the top of the blog~
The password is 82.a 45. Buy it quickly.a Enter without a dot and a. (I entered a lot of spam to prevent spam.)
This is the KakaoTalk group chat room that I run.
It is simply a room to share information.
I usually do not speak, but those who participated share news, news, and information.
Only those who want to share or receive information are welcome.
And as the host, I usually give out a lot of first-come-first-served gifts.
[Source] Binance Futures Short Selling Down Market How to Maximize Profits | Author Dream Capitalist