CEX Quiz Answers 9 December 2024
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1. What happens during a “Short Squeeze”?
– Short sellers are forced to buy back a coin, causing the price to rise rapidly.
2. What is a “Moonshot” investment?
– A high-risk investment with the potential for massive returns.
3. What is a key feature of a “Short Squeeze”?
– The price of a coin spikes as short sellers are forced to buy back.
4. What causes the chaos in a “Short Squeeze”?
– A sudden increase in coin price forcing short sellers to buy back the coin.
5. How does a Moonboy view the market?
– They believe every coin will eventually skyrocket to high prices.
6. Why do “Gas Wars” happen?
– Because many traders are trying to get their transactions processed at once, driving up fees.
7. What makes “Snipe” trading different from regular trading?
– It’s all about timing and making quick, targeted trades.
8. What does “Snipe” mean in crypto trading?
– Making quick, precise trades to capitalize on price changes.
9. What is the main characteristic of a Moonboy’s trading strategy?
– Expecting every coin to skyrocket regardless of the market situation.
10. What is the potential downside of a “Moonshot” investment?
– It carries high risk, and there’s a chance it could fail
11. What does the term “Moonboy” refer to in cryptocurrency?
– Someone who believes every coin will skyrocket to the moon.
12. Why should traders calculate profit and loss before entering a trade?
– To analyze the risk-to-reward ratio.
13. What tool can help you manage risk in margin trading?
– Stop-loss orders.
14. What does leverage do in margin trading?
– It increases both potential profits and risks.
15. What is the key benefit of understanding how to calculate profit and loss?
– It helps you stay in control of your trading decisions.
16. If the entry price is $20,000, the exit price is $22,000, and leverage is 5x, what is the profit before fees for 1 BTC?
– $10,000.00
17. Why are fees important in calculating profit or loss?
– They reduce the overall profit or increase the total loss.
18. In the example where Ethereum rises from $2,000 to $2,100, what is the loss for 2 ETH with 3x leverage before fees?
– $600.00
19. What is the first step in calculating profit for a margin trade?
– Find the difference between the exit price and the entry price.
20. What additional cost may apply if you hold a margin position for a long time?
– Funding costs or interest on borrowed funds
21. What happens if the market moves against your position in margin trading?
– You can incur amplified losses.
22. What is margin trading?
– Trading with borrowed funds to amplify potential profits and losses.
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What happens during a “Short Squeeze”?
– Short sellers are forced to buy back a coin, causing the price to rise rapidly.
2. What is a “Moonshot” investment?
– A high-risk investment with the potential for massive returns.
3. What is a key feature of a “Short Squeeze”?
– The price of a coin spikes as short sellers are forced to buy back.
4. What causes the chaos in a “Short Squeeze”?
– A sudden increase in coin price forcing short sellers to buy back the coin.
5. How does a Moonboy view the market?
– They believe every coin will eventually skyrocket to high prices.
6. Why do “Gas Wars” happen?
– Because many traders are trying to get their transactions processed at once, driving up fees.
7. What makes “Snipe” trading different from regular trading?
– It’s all about timing and making quick, targeted trades.
8. What does “Snipe” mean in crypto trading?
– Making quick, precise trades to capitalize on price changes.
9. What is the main characteristic of a Moonboy’s trading strategy?
– Expecting every coin to skyrocket regardless of the market situation.
10. What is the potential downside of a “Moonshot” investment?
– It carries high risk, and there’s a chance it could fail
11. What does the term “Moonboy” refer to in cryptocurrency?
– Someone who believes every coin will skyrocket to the moon.
12. Why should traders calculate profit and loss before entering a trade?
– To analyze the risk-to-reward ratio.
13. What tool can help you manage risk in margin trading?
– Stop-loss orders.
14. What does leverage do in margin trading?
– It increases both potential profits and risks.
15. What is the key benefit of understanding how to calculate profit and loss?
– It helps you stay in control of your trading decisions.
16. If the entry price is $20,000, the exit price is $22,000, and leverage is 5x, what is the profit before fees for 1 BTC?
– $10,000.00
17. Why are fees important in calculating profit or loss?
– They reduce the overall profit or increase the total loss.
18. In the example where Ethereum rises from $2,000 to $2,100, what is the loss for 2 ETH with 3x leverage before fees?
– $600.00
19. What is the first step in calculating profit for a margin trade?
– Find the difference between the exit price and the entry price.
20. What additional cost may apply if you hold a margin position for a long time?
– Funding costs or interest on borrowed funds
21. What happens if the market moves against your position in margin trading?
– You can incur amplified losses.
22. What is margin trading?
– Trading with borrowed funds to amplify potential profits and losses.
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