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CEX Quiz Answers November 16
Here are today's questions and answers. See image below. Then, you can find other questions below the image.
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- 1. What happens when you use 10x leverage?
✔️$100 You control a $1,000 position - 2. What is the most important thing to remember about leverage?
✔️Use strategy, preparation, and know your limits - 3. Who should consider using leverage in trading?
✔️Experienced traders who understand risks - 4. Why is leverage compared to a rollercoaster in the video?
✔️It's thrilling but there are risks - 5. What is meant by liquidation in leverage trading?
✔️The platform closes your position when losses exceed your margin - 6. What do you call the money you keep as your own in leveraged trading?
✔️Margins - 7. What are the disadvantages of using leverage?
✔️Losses are amplified as are profits - 8. What is meant by leverage in crypto trading?
✔️Borrow funds to increase your trade size - 9. What are the main benefits of using leverage?
✔️Maximize profit potential with smaller initial funds - 10. What does the video compare leverage to?
✔️Add a turbocharger to your car - 11. What happens if your margin is not enough to cover losses?
✔️Your position is liquidated - 12. How does leverage affect your profits and losses?
✔️It doubles profits and
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Other Answers:
- 1. The ghost of FOMO can make traders feel like they need to do it?
✔️Act fast or miss out - 2. A good way to avoid the Specter of Regret is to?
✔️Make wise and informed decisions - 3.Trying something new in crypto might involve?
✔️Explore new coins and approach them responsibly - 4. Phantom of Volatility likely to occur?
✔️Causes unpredictable market changes - 5. What is the Ghost of FOMO?
✔️Makes traders afraid of losing profits - 6. How should traders deal with “Crypto Ghosts”?
✔️Know them but don't let them influence your actions - 7. What are the benefits of inviting friends for crypto traders?
✔️It helps spread awareness and build community - 8.In the video, the main idea behind hodling is?
✔️Stay calm and persevere even though the market is volatile - 9. What does the Wraith of Bad Advice encourage traders to do?
✔️Follow unverified or risky advice - 10.Why is identifying “ghosts” in trading useful?
✔️To understand and control emotional responses - 11. Specter of Regret often reminds traders of?
✔️Missed opportunities and decisions they regret - 12. What is the overall message of the video?
✔️Crypto trading is unpredictable, but managing emotions is key
Other Questions Part 1
1. What are the advantages of Dogecoin?
✅ Humor and community spirit
2. What increases the enjoyment of memecoins?
✅ Embrace fun and joy
3. What is surprising about some memecoins?
✅ Unexpected partnerships
4. What themes are conveyed about memecoin?
✅ Entertainment with potential
5. What memes inspired you?
✅ internet memes
6. What approach does memecoin take?
✅ Community based engagement
7. What analogy is used for the memecoin community?
✅ Digital summer camp
8. How is the profit potential of memecoins explained?
✅ Part of the crypto adventure
9. What is meant by “playing to win”?
✅ Engage with the community
10. How does the memecoin community work?
✅ Share ideas and content
11. What increased the popularity of memecoins?
✅ Cheap prices and social media
12. How is memecoin trading explained?
✅ A journey full of adventure
Other Questions Part 2
- 1. What should Bagholders do when a crisis occurs?
Consider their options carefully - 2.What is a Bag Holder?
A person holding a losing investment - 3. How does FUD impact your trading?
This can lead to hasty decisions - 4. What does FUD stand for?
Fear, Uncertainty, and Doubt - 5.What is Pump and Dump?
A scheme to inflate and then sell coins - 6.What are the risks of participating in Pump and Dump?
You could lose money if you buy at the peak - 7.How does FUD influence behavior?
This can give rise to fear and doubt - 8.How does DeFi empower users?
By allowing direct transactions without intermediaries. - 9. How does FOMO affect your decisions?
This can lead to impulsive choices - 10.What is DeFi?
Decentralized Finance without traditional banks. - 11.Why is it important to involve friends in crypto discussions?
To share knowledge and insight - 12.What is meant by FOMO?
Fear of Missing Out