Like other financial assets, investing in cryptocurrency can be risky and may result in financial loss. Here are five essential tips to make buying and selling cryptocurrency safer:
1. DYOR
Books, blogs, podcasts, and online courses are all good places to start. You should also learn about the projects, teams, and technology behind different cryptocurrencies in order to make informed decisions.
2. Start small and diversify
Diversification can also be useful when investing in cryptocurrencies. Instead of focusing on a single cryptocurrency, investing in different cryptocurrencies can reduce your overall risk and increase your holdingsβ chances of long-term growth.
3. Stay involved
4. Choose a reputable cryptocurrency exchange
5. Practice risk management
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There was a time recently where bitcoin hit $60k & we all felt rich. Now bitcoin is at $60k and we feel poor.
Market psychology is cyclicalπ
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Market psychology is cyclical
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How to buy your first crypto
The crypto and blockchain ecosystem offers myriad exchanges and platforms where you can buy and sell cryptocurrencies.
Navigating these services can be intimidating for first-timers; however, developers in the industry create and design products with everyone in mind, making buying crypto as easy as ordering something from Amazon or buying a plane ticket.
An excellent place to start for pure beginners is selecting a top-five crypto exchangeβe.g., Binance or Coinbase. Once youβre set on one, all thatβs left is to create an account and buy crypto by following a few simple steps.
There are, however, other ways to buy digital currencies besides Binance.
You can buy crypto on a decentralized exchange or a P2P market or mine it.
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The crypto and blockchain ecosystem offers myriad exchanges and platforms where you can buy and sell cryptocurrencies.
Navigating these services can be intimidating for first-timers; however, developers in the industry create and design products with everyone in mind, making buying crypto as easy as ordering something from Amazon or buying a plane ticket.
An excellent place to start for pure beginners is selecting a top-five crypto exchangeβe.g., Binance or Coinbase. Once youβre set on one, all thatβs left is to create an account and buy crypto by following a few simple steps.
There are, however, other ways to buy digital currencies besides Binance.
You can buy crypto on a decentralized exchange or a P2P market or mine it.
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Exactly 10 years ago, the U.S. government sold 30,000 #Bitcoinπ΅ to this man for $600 each.
$18 million then. $1.8 BILLION nowπ«
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$18 million then. $1.8 BILLION nowπ«
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πJUST IN: Bitcoin down -9% today, liquidating $113m in leveraged positions.
This is #Bitcoin'sπ΅ biggest single daily fall in 320 days.
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This is #Bitcoin's
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Crypto Dictionary π₯
π’ AirDrop - free distribution of coins with certain conditions.
π’ ATH (All Time High) / High - the maximum value of the coin for all time.
π’ ATL (All Time Low) / Loy - the minimum value of the coin for all time.
π’ Bucket - an order to buy, below the current rate.
π’ Dump - an artificial depreciation of the coin by large market players (whales).
π’ Delisting - removing a coin from trading on an exchange.
A deposit is the same as a deposit.
π’ Bottom - the minimum value of the coin for a certain period.
π’ Gem is a project, the price of which will increase significantly in the future.
π’ Cutlet - a large amount of money or the entire deposit on the exchange.
π’ A faucet is a service that distributes a small amount of coins for performing the simplest actions.
π’ Listing - adding a coin to the exchange for trading.
π’ Long - buying with the aim of selling more expensive.
π’ Order - an application to buy or sell crypto assets on exchanges.
π’ Pump - a sharp increase in the price of a coin, usually accompanied by an increase in trading volumes.
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A deposit is the same as a deposit.
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- Sony launching a #crypto exchange
- Michael Dell tweeting about #Bitcoinπ΅
- Public companies buying $BTC
- #Bitcoinπ΅ ETF the most successful ETF of all time
- Trumpπ embraces #crypto
- A state pension bought $BTC
- JPMorgan, BNP Paribas, BNY Mellon bought $BTC
- Morgan Stanley about to allow its 15,000 brokers to recommend #Bitcoin & ETFs to their clients
- BlackRock is buying #Bitcoinπ΅ for 3 of its funds
In 2017 these things would be unimaginable
Today, almost nobody notices them π€
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- Michael Dell tweeting about #Bitcoin
- Public companies buying $BTC
- #Bitcoin
- Trump
- A state pension bought $BTC
- JPMorgan, BNP Paribas, BNY Mellon bought $BTC
- Morgan Stanley about to allow its 15,000 brokers to recommend #Bitcoin & ETFs to their clients
- BlackRock is buying #Bitcoin
In 2017 these things would be unimaginable
Today, almost nobody notices them π€
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Fraudulent advertising has flooded the Internet.
- 45% of web traffic comes from bots.
- 11% of advertising budgets are spent on scam promotion.
- The number of scam ads increases by 17% in the fourth quarter (Christmas, Black Friday, Cyber Friday).
- 12.5% of links in search queries are scam.
The scam industry is gaining more and more extensive momentum. Be vigilant and don't trust anyone in the digital space.
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- 45% of web traffic comes from bots.
- 11% of advertising budgets are spent on scam promotion.
- The number of scam ads increases by 17% in the fourth quarter (Christmas, Black Friday, Cyber Friday).
- 12.5% of links in search queries are scam.
The scam industry is gaining more and more extensive momentum. Be vigilant and don't trust anyone in the digital space.
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The Spot #Ethereumπ΅ ETF will launch soon.
And once it does, #Altcoin season will start.
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And once it does, #Altcoin season will start.
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Liquidation on the Crypto Futures: How it works and How avoid it
Margin Crypto #Trading is very risky. When you open a leveraged position, the crypto exchange borrows your money to back that position, so if the price goes against you, your entire position can be liquidated and your "money disappears"
π’ For instance, using 10x leverage means you can control a position size 10 times your actual investment. If you have only $100 your position increases to $1000, if price adds +1% you'll get $10 profit instead of $1 without the leverage
π’ But this carries a risk, if the price suddenly goes against you and changes by -10%, you will lose all the money in this position.
π’ With 25 leverage, the risk of liquidation occurs when the price changes by 4%, and with 50, by only 2%.
π’ Thus, the higher the leverage you set, the greater the risk, but also the greater the proportional profit. I do not recommend setting leverage above 20-25 since the #cryptomarket is very volatile and any sharp price change, even for a second, will lead to liquidation and loss of money
π’ To avoid the risk of liquidation, it is necessary to set a STOP-LOSS. It is in the futures market that a stop loss is absolutely necessary - at a distance of at least 1% from the liquidation trigger price
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Margin Crypto #Trading is very risky. When you open a leveraged position, the crypto exchange borrows your money to back that position, so if the price goes against you, your entire position can be liquidated and your "money disappears"
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Bitcoin Investment Strategies: HODLers vs. Traders π
Both strategies have their own set of followers and have shaped the dynamics of the Bitcoin marketplace. While HODLers contribute to the stability and a reduced velocity of Bitcoin as a currency, traders add liquidity and vibrancy to the market with their active participation.
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Both strategies have their own set of followers and have shaped the dynamics of the Bitcoin marketplace. While HODLers contribute to the stability and a reduced velocity of Bitcoin as a currency, traders add liquidity and vibrancy to the market with their active participation.
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The crypto market sees green across the board as Bitcoin reclaims the $59K level after trading as low as $54,092 last week. π
In the past 24 hours, Bitcoin has increased by 3.2%, and Ethereum is up 1.3%. Altcoins like Solana and Toncoin are also experiencing similar gains, with the total crypto market cap now standing at $2.27T.
Initial reactions on X suggest that whales have been buying 47,000 Bitcoins at an average price of $57K.
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In the past 24 hours, Bitcoin has increased by 3.2%, and Ethereum is up 1.3%. Altcoins like Solana and Toncoin are also experiencing similar gains, with the total crypto market cap now standing at $2.27T.
Initial reactions on X suggest that whales have been buying 47,000 Bitcoins at an average price of $57K.
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DATE No. of BTC
June 17: 49,878
June 24: 47.178
June 30: 46,191
July 1: 44,691
July 2: 43,458
July 3: 43,358
July 4: 32,273
July 5: 40,526
July 6: 38,826
July 8: 27,460
July 9: 22,845
July 10: 13,360
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CC Crypto Tips
El Salvador climbing - Germany falling!
The Germanπ©πͺGovernment is now out of Bitcoin, totaling sale worth of $2.9Billion.
While El SlavadorπΈπ»is consistently buying $BTCπ΅ everyday.. time will show us who was rightπ€
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The Germanπ©πͺGovernment is now out of Bitcoin, totaling sale worth of $2.9Billion.
While El SlavadorπΈπ»is consistently buying $BTC
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Sadly, Airdrops and MemeCoins dominated developing countriesπ€¦ββ
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