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Whats’s CEX Quiz Answer December 2? Find the Answers to Today’s Quiz and Earn 10,000 CEXP Points.
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CEX Quiz Answer December 2
Here are the today’s questions and answer. Check out the image below. Then, you can find other questions below the image.
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⭕️ Task 89, 90 ⭕️
‼️ Task: “When and How to Use Long Position in Crypto Trading“
1. What is a long order?
✔️ A bet that an asset’s price will rise.
2. What is the role of professional tools in trading?
✔️ To simplify risk management and trading decisions.
3. What does “stop-loss” do?
✔️ Limits your potential losses.
4. Why should beginners start small in margin trading?
✔️ To minimize risks and learn gradually.
5. What’s the most important mindset when starting trading?
✔️ Learn, analyze, and experiment.
6. When is it a good idea to open a long order?
✔️ When positive news suggests a price increase
7. What tool is essential for managing risk in long orders?
✔️ Stop-loss.
8. Why is analysis important before opening a long order?
✔️ It helps you make informed decisions about price trends.
9. What type of market is good for long orders?
✔️ A stable market.
10. What does leverage do in margin trading?
✔️ Increases both potential profit and risk.
11. What is a benefit of practicing on demo accounts?
✔️ Learning without financial risk.
12. What’s the first step in creating a long order?
✔️ Choosing an asset
‼️ Task: “When and How to Use Short Positions in Trading”
1. What is a short order?
✔️ Selling a borrowed asset expecting its price to drop.
2. What does leverage do in margin trading?
✔️ Amplifies both potential profits and risks.
3. What’s a key risk management tool when shorting?
✔️ Stop-loss.
4. What do you need to profit from a short order?
✔️ A decrease in the asset’s price.
5. What should traders monitor when holding a short order?
✔️ Market trends and their stop-loss levels.
6. What is one cost associated with shorting?
✔️ Borrowing fees for holding the position.
7. In trading, who handles the borrowing process for short orders?
✔️ The trading platform.
8. Which of the following situations is a good time to consider shorting?
✔️ When negative news affects market confidence.
9. What type of market trend is ideal for short orders?
✔️ A downtrend.
10. Why should beginners start with smaller positions?
✔️ To minimize risks and learn how shorting works.
11. Why is technical analysis important for short orders?
✔️ It helps identify trends and resistance levels.
12. What is the main goal of a short order?
✔️ To sell high and buy back low.
⭕️ Task 88 ⭕️
Task: “Top 5 Crypto Trading Strategies You Need to Know”
1.What’s the main idea of the HODL strategy?
✔️ Buy and hold for the long term, ignoring short-term fluctuations
2.What’s a key tip for day trading?
✔️ Avoid trading while distracted or emotional.
3.What’s a benefit of the DCA strategy?
✔️ You don’t need to time the market
4.What is a key warning about scalping?
✔️ It requires fast reflexes and a strong internet connection
5.How does Dollar-Cost Averaging (DCA) work?
✔️ Investing a fixed amount regularly, regardless of market price
6.What is the focus of scalping as a trading strategy?
✔️ Making quick, small trades for tiny profits
7.What is the key takeaway about trading strategies?
✔️ The best strategy depends on your personality and goals
8.What’s a benefit of swing trading?
✔️ It allows you to capitalize on market swings without constant monitoring
9.What does “HODL” stand for in crypto trading?
✔️ Hold On for Dear Life
10.What is day trading best suited for?
✔️ People who enjoy quick trades and watching markets closely
11.What’s the main difference between day trading and swing trading?
✔️ Day trading involves faster, shorter trades compared to swing trading
12.How long do swing traders typically hold their positions?
✔️ Days or weeks
⭕️ Task 87 ⭕️
Task: “Tokenomics Made Simple: How Crypto Gains Value”
1. What does it mean when a token is used for governance?
✔️ Token holders can vote on project decisions.
2. What’s a potential risk with tokens that have unclear use cases?
✔️ They might lose value quickly.
3. Why is token distribution important?
✔️ Uneven distribution might favor project creators too much.
4. What is the key takeaway about tokenomics?
✔️ It’s the balance of supply, demand, and use cases.
5. What does “tokenomics” primarily deal with?
✔️ How a cryptocurrency works economically.
6. What can influence a token’s price besides supply and demand?
✔️ Market psychology and tokenomics design.
7. What can happen to a token if demand disappears?
✔️ Its value drops significantly.
8. What is a key factor in creating demand for a token?
✔️ Its utility and usefulness.
9. What is Bitcoin’s maximum supply?
✔️ 21 million coins.
10. What is an example of a factor that could lower a token’s value?
✔️ Lack of demand or a weak use case.
11. What happens when a cryptocurrency has a very low supply?
✔️ Its value tends to increase due to scarcity.
12. What are “use cases” in tokenomics?
✔️ Practical applications or functions of a token
9. What is Bitcoin’s maximum supply?
✔️ 21 million coins.
10. What is an example of a factor that could lower a token’s value?
✔️ Lack of demand or a weak use case.
11. What happens when a cryptocurrency has a very low supply?
✔️ Its value tends to increase due to scarcity.
12. What are “use cases” in tokenomics?
✔️ Practical applications or functions of a token
Tasks 82, 83, and 84
➡️Task: “Michael Saylor: The CEO Who Bet It All on Bitcoin”
1. What lesson can we learn from Saylor’s story?
✔️Take bold risks when you believe in the potential
2. What nickname could describe Saylor’s approach to Bitcoin?
✔️The Hustler
3. What’s the best way to follow in Saylor’s footsteps?
✔️Believe in your investment and HODL
4. What company was Michael Saylor the CEO of?
✔️MicroStrategy
5. How did Saylor inspire others in the crypto world?
✔️He encouraged them to invest in Bitcoin
6. What was Saylor’s message about Bitcoin?
✔️”Bitcoin is the future!”
7. How much Bitcoin did MicroStrategy invest in?
✔️Billions
8. What was Saylor’s role in Bitcoin adoption?
✔️A vocal advocate for institutional investment
9. What’s the main takeaway from Michael Saylor’s bold move?
✔️Innovation requires taking risks
10. What bold move did Michael Saylor make to save his company?
✔️He invested heavily in Bitcoin
11. What impact did Bitcoin have on MicroStrategy?
✔️It turned the company around
12. Why did Saylor call cash “trash”?
✔️He believed inflation was reducing its Value
➡️Task: “What Is a Margin Call in Trading?”
1. How is a margin call similar to a warning?
✔️It gives you a chance to add funds or adjust your position
2. When does a margin call happen?
✔️When your account’s equity falls below the maintenance margin
3. What is the best approach to handling margin calls?
✔️Trade responsibly and avoid them in the first place
4. Why might a broker issue a margin call?
✔️To ensure there’s enough collateral to cover potential losses
5. What happens if your equity is above the maintenance margin?
✔️Your position remains open without issues
6. What does a broker do if you ignore a margin call?
✔️They may liquidate your position
7. What is the main risk of trading with margin?
✔️Losses can grow quickly if the market moves against you
8. What is liquidation?
✔️Automatically closing your position to prevent further losses
9. What is the maintenance margin?
✔️The minimum amount of equity you need to keep your position open
10. What’s a simple way to avoid a margin call?
✔️Use stop-loss orders and monitor your balance regularly
11. What did the video say about platforms like CEX.IO?
✔️They provide tools to monitor margin levels and risks
12. What is a margin call?
✔️ A broker’s request to add more funds to cover losses
➡️Task: “Meme Coins, Bitcoin ATH, and the Next Big Opportunity in Crypto”
1. Why is it helpful to trade on a trusted platform?
✔️For reliable tools and secure transactions
2. Why are meme coins like DOGS and NOT popular?
✔️Hype and social media buzz
3. What does the bull run signify in the crypto market?
✔️Rising prices and a strong market trend
4. How can you avoid falling victim to FOMO?
✔️By researching before investing and staying calm
5. What’s the best way to start in crypto if you’re new?
✔️Learn the basics and start small
6. What is FOMO?
✔️Fear of Missing Out
7. How can inviting friends to join a platform benefit you?
✔️It can grow the community and often comes with rewards
8. Why is trying something new in crypto important?
✔️It can open doors to unique opportunities
9. What’s a key reason for HODLing in crypto?
✔️To ride out market volatility and maximize long-term gains
10. What does ATH stand for in the crypto world?
✔️All-Time High
11. What’s a unique feature of meme coins compared to Bitcoin?
✔️They’re driven by community and humor
12. Why should you stay updated on crypto trends?
✔️To make informed decisions and seize opportunities
⭕️ Task 78,79,80,81 ⭕️
➡️Task: ” Crypto and the Economy: The Interplay of Innovation and Finance “
- 1. Why are governments introducing CBDCs?
✔️To provide a state-backed alternative to private cryptocurrencies - 2. What’s one benefit of DeFi compared to traditional finance?
✔️No paperwork required for loans - 3. How do high interest rates affect crypto markets?
✔️They often lead to sell-offs of riskier assets like crypro - 4. What was the key takeaway about crypto and the macro economy?
✔️They’re becoming more intertwined and influence each other - 5. What is DeFi short for?
✔️Decentralized Finance - 6. What is Bitcoin often called during times of high inflation?
✔️Digital gold - 7. What does the phrase “crypto is volatile” mean?
✔️Its value can change dramatically due to market events - 8. What kind of economic event often makes Bitcoin’s price rise?
✔️High inflation - 9. How are Bitcoin and the stock market connected in 2024?
✔️Bitcoin’s price often moves in sync with tech-heavy indices like Nasdaq - 10. How is DeFi disrupting traditional finance?
✔️It offers alternatives for loans, savings, and investments - 11. What financial process does Bitcoin make faster and cheaper?
✔️Cross-border payments - 12. What are CBDCs?
✔️Central Bank Digital Currencies
➡️Task: “Non-Aggression Principle: Why Collaboration Beats Confrontation”
- 1. What happens when we pull at each other’s threads?
✔️The community unravels - 2. What does the Non-Aggression Principle prioritize?
✔️Respecting autonomy and rights - 3. Who do we respect under the Non- Aggression Principle?
✔️Everyone, both inside and outside the community - 4. What is the foundation of our community?
✔️Trust and unity - 5. How should you approach a disagreement about pineapple on pizza?
✔️With understanding and mutual respect - 6. What does the Non-Aggression Principle ultimately create?
✔️A strong, harmonious community - 7. How does our community handle disagreements?
✔️Through peaceful and respectful dialogue - 8. What is the key to a harmonious community?
✔️Peaceful collaboration and mutual respect - 9. What is peace defined as in the video?
✔️The presence of respect - 10. What principle does our community follow to resolve conflicts?
✔️The Non-Aggression Principle - 11. What does the Non-Aggression Principle avoid?
✔️Confrontation and hostility - 12. How do we view disagreements in the community?
✔️As opportunities for understanding
➡️Task: “Crypto Wallets Explained: Hot vs. Cold Wallets“
- 1. What should you never do with your private key?
✔️Write it on a sticky note and leave it in a coffee shop - 2. How does a hot wallet function?
✔️It is connected to the internet for fast transactions - 3. How does CEX.IO use hot wallets?
✔️For fast transactions and trading needs - 4. What does a crypto wallet store?
✔️Private and public keys - 5. What is a cold wallet compared to in the video?
✔️A safe buried in your backyard - 6. What is the main purpose of a private key?
✔️To sign transactions and access your crypto - 7. What is one disadvantage of cold wallets?
✔️They are less convenient for quick transactions - 8. How does CEX.IO combine hot and cold wallets for users?
✔️By offering the speed of hot wallets and security of cold wallets - 9. What does a wallet use to confirm a transaction?
✔️The private key for a digital signature - 10. What is a public key compared to?
✔️An email address you can share - 11. What happens if someone gets access to your private key?
✔️They can take all your crypto - 12. Where does CEX.IO store the majority of customer crypto?
✔️In cold wallets for enhanced security
➡️Task: “What Is Crypto Margin Trading? Learn How It Works”
1. What is margin trading ultimately about?
✔️Strategy, research, and responsible decisions
2. Why might traders use margin trading?
✔️To amplify potential profits
3. What is crypto margin trading?
✔️Trading with borrowed funds to control a larger position
4. What happens if your trade goes against you and your collateral is insufficient?
✔️Your position gets liquidated
Previous Codes:
| How does solar energy impact electricity costs? | It can lower costs significantly |
| What is the video’s overall message about solar energy? | It’s time to embrace sustainable energy solutions |
| What humorous analogy is used to describe solar panels? | They are like the cats of the energy world |
| What makes solar power eco-friendly? | It reduces carbon footprints |
| What is one reason to choose solar power for mining? | Increased independence from energy suppliers |
| What is the main benefit of using a solar power plant? | Cost-effective energy |
| What type of energy does a solar power plant provide? | Renewable energy |
| What’s one outcome of adopting solar power in mining? | Lower operational costs |
| What is a characteristic of solar panels? | Low maintenance |
| What is the primary energy source for solar power? | The sun |
| Why is solar energy considered sustainable? | It comes from the sun, which won’t run out |
| How do dedicated lines help reduce downtime? | By providing consistent power |
| What safety benefit do dedicated transmission lines provide? | Reduced risk of electrical hazards |
| Why are dedicated lines better than regular lines? | They have fewer interruptions |
| What does stable voltage mean for your mining rigs? | They can operate at peak performance |
| What is the relationship between power transmission lines and safety? | Better maintenance reduces risks |
| What’s a key advantage of having fewer outages? | More mining time |
| How can dedicated lines future-proof your mining operations? | They can handle increased energy demands |
| What is a fun way to describe the benefits of stable power? | Smooth sailing |
| What overall message does the video convey about power transmission lines? | They are essential for reliable mining operations |
| What analogy is used for dedicated lines delivering power? | A private highway for electricity |
| What do power transmission lines deliver to your mining operation? | Electricity |
| What is the main purpose of a DDoS attack? | To disrupt services |
| What should you think of when you hear ‘DDoS resistance’? | A bouncer at the door |
| What does DDoS resistance provide for your mining operations? | Protection from cyber attacks |
| What does DDoS stand for? | Distributed Denial of Service |
| What resource can you better manage with DDoS resistance? | Time and energy |
| How does DDoS resistance contribute to peace of mind? | Reduces worry about attacks |
| How does DDoS resistance help maintain continuous operation? | By preventing interruptions |
| What is a fun analogy used for DDoS resistance? | A digital fortress |
| What is one benefit of having a good reputation in the crypto world? | Attracting more investors |
| What can you do instead of worrying about DDoS attacks? | Focus on optimizing mining performance |
Previous Codes:
| 1. How does solar energy impact electricity costs? | It can lower costs significantly |
| 2. What is the video’s overall message about solar energy? | It’s time to embrace sustainable energy solutions |
| 3. What humorous analogy is used to describe solar panels? | They are like the cats of the energy world |
| 4. What makes solar power eco-friendly? | It reduces carbon footprints |
| 5. What is one reason to choose solar power for mining? | Increased independence from energy suppliers |
| 6. What is the main benefit of using a solar power plant? | Cost-effective energy |
| 7. What type of energy does a solar power plant provide? | Renewable energy |
| 8. What’s one outcome of adopting solar power in mining? | Lower operational costs |
| 9. What is a characteristic of solar panels? | Low maintenance |
| 10. What is the primary energy source for solar power? | The sun |
| 11. Why is solar energy considered sustainable? | It comes from the sun, which won’t run out |
| 12. How do dedicated lines help reduce downtime? | By providing consistent power |
| 13. What safety benefit do dedicated transmission lines provide? | Reduced risk of electrical hazards |
| 14. Why are dedicated lines better than regular lines? | They have fewer interruptions |
| 15. What does stable voltage mean for your mining rigs? | They can operate at peak performance |
| 16. What is the relationship between power transmission lines and safety? | Better maintenance reduces risks |
| 17. What’s a key advantage of having fewer outages? | More mining time |
| 18. How can dedicated lines future-proof your mining operations? | They can handle increased energy demands |
| 19. What is a fun way to describe the benefits of stable power? | Smooth sailing |
| 20. What overall message does the video convey about power transmission lines? | They are essential for reliable mining operations |
| 21. What analogy is used for dedicated lines delivering power? | A private highway for electricity |
| 22. What do power transmission lines deliver to your mining operation? | Electricity |
| 23. What is the main purpose of a DDoS attack? | To disrupt services |
| 24. What should you think of when you hear ‘DDoS resistance’? | A bouncer at the door |
| 25. What does DDoS resistance provide for your mining operations? | Protection from cyber attacks |
| 26. What does DDoS stand for? | Distributed Denial of Service |
| 27. What resource can you better manage with DDoS resistance? | Time and energy |
| 28. How does DDoS resistance contribute to peace of mind? | Reduces worry about attacks |
| 29. How does DDoS resistance help maintain continuous operation? | By preventing interruptions |
| 30. What is a fun analogy used for DDoS resistance? | A digital fortress |
| 31. What is one benefit of having a good reputation in the crypto world? | Attracting more investors |
| 32. What can you do instead of worrying about DDoS attacks? | Focus on optimizing mining performance |
Previous Codes:
- 1. What happens when you use 10x leverage?
✔️Your $100 controls 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 the risks - 4. Why is leverage compared to a rollercoaster in the video?
✔️It’s thrilling but comes with risks - 5. What is liquidation in leverage trading?
✔️The platform closing your position when losses exceed your margin - 6. What do you call the money you put up as your own in a leveraged trade?
✔️Margin - 7. What is the downside of using leverage?
✔️Losses are amplified just like profits - 8. What is leverage in crypto trading?
✔️Borrowing funds to increase the size of your trades - 9. What is the main benefit of using leverage?
✔️Maximizing potential gains with smaller initial funds - 10. What does the video compare leverage to?
✔️Adding a turbocharger to your car - 11. What happens if your margin isn’t enough to cover losses?
✔️Your position is liquidated - 12. What does leverage do to your profits and losses?
✔️It multiplies both profits and
Previous Codes:
Other Answer:
- 1.The Ghost of FOMO can make traders feel like they need to?
✔️Act fast or miss out - 2.A good way to avoid the Specter of Regret is to?
✔️Make thoughtful, informed decisions - 3.Trying something new in crypto could involve?
✔️Exploring new coins and approaches responsibly - 4.The Phantom of Volatility is most likely to?
✔️Cause unpredictable changes in the market - 5.What is the Ghost of FOMO known for?
✔️Making traders fear missing out on profits - 6.How should traders deal with the “Crypto Ghosts”?
✔️Recognize them but don’t let them influence your actions - 7.How can inviting friends benefit traders in crypto?
✔️It helps spread awareness and build a community - 8.In the video, the main idea behind hodling is to?
✔️Stay calm and hold despite market volatility - 9.What does the Wraith of Bad Advice encourage traders to do?
✔️Follow unverified or risky advice - 10.Why is it useful to identify the “ghosts” in trading?
✔️To understand and control emotional responses - 11.The Specter of Regret often reminds traders of?
✔️Missed opportunities and decisions they regret - 12.The overall message of the video suggests that?
✔️Crypto trading can be unpredictable, but managing emotions is key
Other Question Part 1
1. How does Dogecoin stand out?
✅ Humor and community spirit
2. What enhances memecoin enjoyment?
✅ Embracing fun and lightheartedness
3. What’s surprising about some memecoins?
✅ Unexpected partnerships
4. What theme is presented about memecoins?
✅ Entertainment with potential
5. What inspired memecoins?
✅ Internet memes
6. What approach do memecoins take?
✅ Community-driven engagement
7. What analogy is used for the memecoin community?
✅ Digital summer camp
8. How are potential gains from memecoins described?
✅ Part of a crypto adventure
9. What does “play to win” mean?
✅ Engaging with the community
10. How does the memecoin community operate?
✅ Sharing ideas and content
11. What boosts memecoin popularity?
✅ Low price and social media
12. How is memecoins trading described?
✅ An adventurous journey
Other Questions Part 2
- 1.What should a Bagholder do in a downturn?
Consider their options carefully - 2.What is a Bagholder?
Someone holding onto a losing investment - 3.How can FUD impact your trading?
It can lead to rash decisions - 4.What does FUD stand for?
Fear, Uncertainty, and Doubt - 5.What does Pump and Dump refer to?
A scheme to inflate and then sell a coin - 6.What is a risk of participating in a Pump and Dump?
You could lose money if you buy at the peak - 7.How can FUD affect behavior?
It can create fear and hesitation - 8.How does DeFi empower users?
By allowing direct transactions without intermediaries. - 9.How does FOMO impact your decisions?
It 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 insights - 12.What does FOMO mean?
Fear of Missing Out