Market downturns don't have to be daunting. Here’s your guide to staying resilient and making strategic moves, even in challenging times.
1. Avoid FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt). Stay informed and confirm news from multiple sources to avoid impulsive trading.
2. Set Clear Goals and Diversify: Only invest what you can afford to lose. Diversify your assets for a balanced portfolio.
3. HODL for the Long Term: History shows crypto trends upward over time. Hold for longer periods to ride out market fluctuations.
4. Be Ready to Ride or Take Profits: Convert volatile assets into stablecoins like USDT and USDC to reduce risk, but avoid selling everything at once.
5. See Opportunities in the Dip: "Buying the dip" and short selling can be profitable. Consider staking and DeFi yield farming to support portfolio growth even in a bear market.
1. Avoid FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt). Stay informed and confirm news from multiple sources to avoid impulsive trading.
2. Set Clear Goals and Diversify: Only invest what you can afford to lose. Diversify your assets for a balanced portfolio.
3. HODL for the Long Term: History shows crypto trends upward over time. Hold for longer periods to ride out market fluctuations.
4. Be Ready to Ride or Take Profits: Convert volatile assets into stablecoins like USDT and USDC to reduce risk, but avoid selling everything at once.
5. See Opportunities in the Dip: "Buying the dip" and short selling can be profitable. Consider staking and DeFi yield farming to support portfolio growth even in a bear market.
Oracles are key to unlocking the full potential of smart contracts.
They act as bridges, connecting blockchain networks to real-world data like prices, weather and more.
Let's dive deeper👇
Smart contracts need off-chain info to execute properly.
But they can't access it themselves.
Oracles solve this by fetching and verifying data, then relaying it back to the blockchain like @Chainlink.
However, oracles must be trusted, creating a potential point of failure.
Decentralized oracles and reputation systems can help mitigate this risk, ensuring reliable data input for smart contracts.
They act as bridges, connecting blockchain networks to real-world data like prices, weather and more.
Let's dive deeper👇
Smart contracts need off-chain info to execute properly.
But they can't access it themselves.
Oracles solve this by fetching and verifying data, then relaying it back to the blockchain like @Chainlink.
However, oracles must be trusted, creating a potential point of failure.
Decentralized oracles and reputation systems can help mitigate this risk, ensuring reliable data input for smart contracts.
Can a blockchain be secure, scalable and decentralized at the same time?
Blockchain scalability is about increasing transaction throughput and reducing costs.
To scale, platforms use various methods:
✅ Layer 1 (L1) solutions
✅ Layer 2 (L2) solutions
✅ Sharding
✅ Sidechains
L1 solutions like #Ethereum $ETH improve the base layer protocol.
L2 solutions like @PolygonAnnouncements $MATIC and Bitcoin’s Lightning Network build atop existing blockchains.
Sharding splits the network into smaller units for better efficiency.
Sidechains are separate blockchains that run parallel to the main chain.
Blockchain scalability is about increasing transaction throughput and reducing costs.
To scale, platforms use various methods:
✅ Layer 1 (L1) solutions
✅ Layer 2 (L2) solutions
✅ Sharding
✅ Sidechains
L1 solutions like #Ethereum $ETH improve the base layer protocol.
L2 solutions like @PolygonAnnouncements $MATIC and Bitcoin’s Lightning Network build atop existing blockchains.
Sharding splits the network into smaller units for better efficiency.
Sidechains are separate blockchains that run parallel to the main chain.
Not all tokens are created equal!
That’s why you need to KYT (Know Your Token).
Utility Tokens: Used within a specific platform or ecosystem for various purposes, like accessing a service, voting or receiving rewards. The most widely used token standard (or template) for utility tokens is the ERC-20 token standard developed on Ethereum.
Example: Basic Attention Token (BAT); The Sandbox (SAND); Decentraland (MANA)
That’s why you need to KYT (Know Your Token).
Utility Tokens: Used within a specific platform or ecosystem for various purposes, like accessing a service, voting or receiving rewards. The most widely used token standard (or template) for utility tokens is the ERC-20 token standard developed on Ethereum.
Example: Basic Attention Token (BAT); The Sandbox (SAND); Decentraland (MANA)
Wrapped tokens are game-changers for cross-chain compatibility and liquidity.
They're pegged to other assets and wrapped in an ERC-20 format for use on Ethereum-based DEXes.
Let's explore👇
Want to trade #bitcoin on an #ethereum DEX?
Wrapped Bitcoin ($WBTC) makes it possible.
It's an ERC-20 token backed 1:1 by real $BTC, unlocking #DeFi opportunities for non-ETH assets.
Wrapped tokens don't stop at BTC.
There are wrapped versions of various assets, from altcoins to stablecoins.
They help bridge the gap between different blockchains and expand DeFi’s possibilities.
They're pegged to other assets and wrapped in an ERC-20 format for use on Ethereum-based DEXes.
Let's explore👇
Want to trade #bitcoin on an #ethereum DEX?
Wrapped Bitcoin ($WBTC) makes it possible.
It's an ERC-20 token backed 1:1 by real $BTC, unlocking #DeFi opportunities for non-ETH assets.
Wrapped tokens don't stop at BTC.
There are wrapped versions of various assets, from altcoins to stablecoins.
They help bridge the gap between different blockchains and expand DeFi’s possibilities.
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Find the future at Bittrex Global. The world’s leading regulated digital asset exchange.
Bittrex Global’s CEO, Oliver Linch, has shared his positive perspective on the new developments in UK crypto regulation. "This is a step in the right direction," he explains.
Read more about his insights in this #bravenewcoin article: https://bravenewcoin.com/insights/new-crypto-regulations-coming-to-the-u-k?trk=feed-detail_main-feed-card_feed-article-content
Read more about his insights in this #bravenewcoin article: https://bravenewcoin.com/insights/new-crypto-regulations-coming-to-the-u-k?trk=feed-detail_main-feed-card_feed-article-content
⚠️To all of our customers⚠️
We're seeing a significant increase in scam emails being reported to us. We’d like to remind you that Bittrex Global will never do the following:
-We will never DM you first on Telegram
-We will never contact you from a personal email address
-We will never contact you through any social media site’s messaging platform
Please always check the "sender" and "reply-to" email addresses from which you receive any communications that say they come from Bittrex Global. We only use email addresses ending in @bittrex.li, @bittrex.bm, @bittrexglobal.com, or @bittrex.com. And please also be very careful with any links in emails you receive; if you have any suspicions, access https://bittrexglobal.com directly in your web browser without clicking a link in an email.
For more information on how to protect yourself from scammers, please read our support article:
https://bit.ly/3QrHSOX
We're seeing a significant increase in scam emails being reported to us. We’d like to remind you that Bittrex Global will never do the following:
-We will never DM you first on Telegram
-We will never contact you from a personal email address
-We will never contact you through any social media site’s messaging platform
Please always check the "sender" and "reply-to" email addresses from which you receive any communications that say they come from Bittrex Global. We only use email addresses ending in @bittrex.li, @bittrex.bm, @bittrexglobal.com, or @bittrex.com. And please also be very careful with any links in emails you receive; if you have any suspicions, access https://bittrexglobal.com directly in your web browser without clicking a link in an email.
For more information on how to protect yourself from scammers, please read our support article:
https://bit.ly/3QrHSOX
Bittrex Global
Tips to Avoid Scams, Fake Token Giveaways & Impostor Accounts
First and foremost:
Please note that Bittrex Global does not participate in token giveaways on social media. And, we certainly do not ask people to send us tokens or fractions of tokens in exchange...
Please note that Bittrex Global does not participate in token giveaways on social media. And, we certainly do not ask people to send us tokens or fractions of tokens in exchange...
When it comes to crypto, it’s important to do your own research (#dyor) before investing in a coin or token.
We’re sharing a series of tips this month on what to look for (and what to avoid) when making a decision to invest.
Key Factor to Consider #1: Project Team
Check out the team behind the project you’re interested in. Look for experienced developers and advisors with a strong track record in the space.
We’re sharing a series of tips this month on what to look for (and what to avoid) when making a decision to invest.
Key Factor to Consider #1: Project Team
Check out the team behind the project you’re interested in. Look for experienced developers and advisors with a strong track record in the space.
When it comes to crypto, it’s important to do your own research (#dyor) before investing in a coin or token.
We’re sharing a series of tips this month on what to look for (and what to avoid) when making a decision to invest.
Key Factor to Consider #2: Whitepapers
Look through the project's #whitepaper and read about the technology and use cases.
Make sure the project has a solid use case and is addressing a real problem.
We’re sharing a series of tips this month on what to look for (and what to avoid) when making a decision to invest.
Key Factor to Consider #2: Whitepapers
Look through the project's #whitepaper and read about the technology and use cases.
Make sure the project has a solid use case and is addressing a real problem.
Oshi Token has landed on Bittrex Global!
$OSHI wallets are open and trading will start soon: global.bittrex.com/trade/oshi-usdt
$OSHI wallets are open and trading will start soon: global.bittrex.com/trade/oshi-usdt
When it comes to crypto, it’s important to do your own research (#dyor) before investing in a coin or token.
We’re sharing a series of tips this month on what to look for (and what to avoid) when making a decision to invest.
Key Factor to Consider #3: Liquidity
Use tools like CoinMarketCap to check the token's liquidity on various exchanges. Invest in tokens that are listed on trusted and regulated exchanges and have a high trading volume.
We’re sharing a series of tips this month on what to look for (and what to avoid) when making a decision to invest.
Key Factor to Consider #3: Liquidity
Use tools like CoinMarketCap to check the token's liquidity on various exchanges. Invest in tokens that are listed on trusted and regulated exchanges and have a high trading volume.
Forwarded from Bittrex Global Official
Oshi Token has landed on Bittrex Global!
$OSHI wallets are open and trading will start soon: global.bittrex.com/trade/oshi-usdt
$OSHI wallets are open and trading will start soon: global.bittrex.com/trade/oshi-usdt
When it comes to crypto, it’s important to do your own research (#dyor) before investing in a coin or token.
We’re sharing a series of tips this month on what to look for (and what to avoid) when making a decision to invest.
Key Factor to Consider #4: Community
Look at the project's community and level of adoption. A strong community and real-world usage are good signs of a successful project.
We’re sharing a series of tips this month on what to look for (and what to avoid) when making a decision to invest.
Key Factor to Consider #4: Community
Look at the project's community and level of adoption. A strong community and real-world usage are good signs of a successful project.
It is with great regret that we inform you that Bittrex Global has decided to wind down its operations.
Effective Monday 4 December 2023, all trading activity on Bittrex Global will be disabled. After that date, customers will only be able to withdraw assets as part of the winding down process.
All our customers are strongly encouraged to log into their account and withdraw assets as soon as possible.
All funds and tokens remain safe and secure on the Bittrex Global platform, and are available for withdrawal – in accordance with applicable law and our Terms of Service – at any time.
Please see our full statement here. https://bit.ly/3MxBlkB
Effective Monday 4 December 2023, all trading activity on Bittrex Global will be disabled. After that date, customers will only be able to withdraw assets as part of the winding down process.
All our customers are strongly encouraged to log into their account and withdraw assets as soon as possible.
All funds and tokens remain safe and secure on the Bittrex Global platform, and are available for withdrawal – in accordance with applicable law and our Terms of Service – at any time.
Please see our full statement here. https://bit.ly/3MxBlkB
As explained in our message on 20 November 2023, customers of Bittrex Global are not able to directly withdraw USD holdings, and need to convert this into either EUR or crypto in order to be able to withdraw the associated funds.
We understand that this is frustrating, and we have been working hard to provide a solution that allows all customers to withdraw funds, even after trading is suspended on 4 December.
We are pleased to announce that, as of 4 December, all remaining USD holdings will be converted 1:1 into a stablecoin (USDT), and available for withdrawal in the usual way, subject to the Terms of Service and applicable law. Bittrex Global will cover all fees associated with the conversion.
We thank you for your patience and understanding while we have been working to provide this solution.
We understand that this is frustrating, and we have been working hard to provide a solution that allows all customers to withdraw funds, even after trading is suspended on 4 December.
We are pleased to announce that, as of 4 December, all remaining USD holdings will be converted 1:1 into a stablecoin (USDT), and available for withdrawal in the usual way, subject to the Terms of Service and applicable law. Bittrex Global will cover all fees associated with the conversion.
We thank you for your patience and understanding while we have been working to provide this solution.
All trading activity on Bittrex Global has been terminated. Only withdrawals are now permitted.
All our customers are strongly encouraged to log into their account and withdraw assets as soon as possible.
We will continue to provide updates and information through our official communication channels, including email and our social media channels. Please remember only to trust official channels, and be vigilant against scammers.
We will never DM you first on Telegram, and we will never contact you from a personal email address or through a social media site’s messaging platform. We only use email addresses ending in @bittrex.li, @bittrex.bm, @bittrexglobal.com, or @bittrex.com; emails from any other email address are not from Bittrex Global.
Read our support article on avoiding common social media scams.
https://bittrexglobal.zendesk.com/hc/en-us/articles/7798348542235-Twitter-scams-to-avoid
All our customers are strongly encouraged to log into their account and withdraw assets as soon as possible.
We will continue to provide updates and information through our official communication channels, including email and our social media channels. Please remember only to trust official channels, and be vigilant against scammers.
We will never DM you first on Telegram, and we will never contact you from a personal email address or through a social media site’s messaging platform. We only use email addresses ending in @bittrex.li, @bittrex.bm, @bittrexglobal.com, or @bittrex.com; emails from any other email address are not from Bittrex Global.
Read our support article on avoiding common social media scams.
https://bittrexglobal.zendesk.com/hc/en-us/articles/7798348542235-Twitter-scams-to-avoid
All trading activity on Bittrex Global has been terminated. Only withdrawals are now permitted.
All our customers are strongly encouraged to log into their account and withdraw assets as soon as possible.
We will continue to provide updates and information through our official communication channels, including email and our social media channels. Please remember only to trust official channels, and be vigilant against scammers.
We will never DM you first on Telegram, and we will never contact you from a personal email address or through a social media site’s messaging platform. We only use email addresses ending in @bittrex.li, @bittrex.bm, @bittrexglobal.com, or @bittrex.com; emails from any other email address are not from Bittrex Global.
Read our support article on avoiding common social media scams.
https://bittrexglobal.zendesk.com/hc/en-us/articles/7798348542235-Twitter-scams-to-avoid
All our customers are strongly encouraged to log into their account and withdraw assets as soon as possible.
We will continue to provide updates and information through our official communication channels, including email and our social media channels. Please remember only to trust official channels, and be vigilant against scammers.
We will never DM you first on Telegram, and we will never contact you from a personal email address or through a social media site’s messaging platform. We only use email addresses ending in @bittrex.li, @bittrex.bm, @bittrexglobal.com, or @bittrex.com; emails from any other email address are not from Bittrex Global.
Read our support article on avoiding common social media scams.
https://bittrexglobal.zendesk.com/hc/en-us/articles/7798348542235-Twitter-scams-to-avoid