In 2021, my journey into the captivating realm of cryptocurrency began, fueled by the enticing prospect of turning investments into substantial profits. The buzz around individuals reaping substantial gains from their crypto ventures heightened my eagerness to jump in immediately.
The allure of stashing away funds for a few months and witnessing them soar was undeniably thrilling, but my lack of experience was a significant hurdle. I found myself clueless about the intricacies of buying or selling crypto, adding a layer of complexity to my aspirations.
Here, I share five indispensable tips for crypto novices:
1. Master the Fundamentals: Initially, delving into crypto articles felt like a daunting task. While I had a vague awareness of Bitcoin, deciphering which coins held potential eluded me. A foundational understanding of crypto essentials, such as total supply, altcoins, trading volume, chart patterns, and candlesticks, proved crucial. Knowing how to navigate exchanges for buying and selling became a game-changer.
2. Stay Informed with Crypto News: The dynamic nature of the crypto space means that news can significantly impact asset prices. Regularly consuming articles and content about ongoing developments in the crypto world serves as a reliable indicator for strategic buying or selling decisions. Positive news can propel prices upward, while negative developments may trigger a downturn.
3. Risk-Averse Investing: The cardinal rule of investing only what one can afford to lose cannot be overstated. Opting for a cautious approach by dedicating a modest portion of savings allows for gradual portfolio growth while minimizing potential setbacks. Steering clear of borrowed capital ensures a more secure and measured investment journey.
4. Avoid the Cheap Coins Trap: The notion that astronomical wealth can be amassed by investing in dirt-cheap coins is a rare occurrence. While low-priced coins might seem enticing, focusing on comprehensive research into low market cap projects proves more beneficial than fixating solely on price tags. Value lies in potential, not just affordability.
5. Secure Your Profits: Watching your initial $100 investment soar to $3000 is exhilarating, but realizing those profits requires decisive action. Until profits are withdrawn and either converted to fiat or securely stored in your wallet, the potential wealth remains speculative. Avoid the pitfall of becoming the one who could have been rich if only they had capitalized on peak prices.
Embark on this crypto journey with me for more enthralling insights into the ever-evolving world of cryptocurrency. 🚀💰

The cryptocurrency LUNC has had a 6% increase over the course of one week and a 13% increase over a two-week period, with its current value at $0.00006493. However, it is important to note that LUNC has seen a significant decline of 73% during the last 12 months.
The aforementioned fall indicates that #LUNC may be experiencing a sustained decrease over an extended period, a circumstance that is unlikely to be alleviated by the aforementioned arguments against Terraform Labs.
However, the Terra Luna Classic community that remains is actively engaged in efforts to enhance the cryptocurrency and its associated ecosystem. Consequently, there is potential for more improvements and recoveries in the future.
The article discusses the price prediction of Terra Luna Classic (LUNC) and the legal proceedings involving Do Kwon and Terraform Labs. The authors argue that they have not engaged in any wrongful activities. The question arises whether the price of LUNC will increase to $1.
Although LUNC has experienced a challenging year, its present indicators exhibit a rather positive outlook, indicating the potential for more increases.
The 30-day average, seen in yellow, is exhibiting robustness as it ascends towards the 200-day average, represented by the blue line. This upward movement may indicate the likelihood of an imminent breakout rally.
However, there are some concerning indicators that may prompt prospective purchasers to contemplate further.
To begin with, there has been a persistent reduction in LUNC's support level (green) during the preceding months. Although the current price of LUNC is now above its support level, the previous historical trend indicates a potential regression if market mood deteriorates.
Additionally, it is noteworthy to examine the volume bars depicted in the aforementioned chart, denoted by the colors green and red. These bars indicate that the most significant surge in trading volume within recent days occurred during a period of selling activity.
This implies that those who possess $LUNC are primarily focused on divesting from their holdings as soon as they realize any form of profit.
This occurrence may not bode well for the future of LUNC. However, certain individuals may perceive the recent move by Terraform Labs attorneys to dismiss the lawsuit as optimistic.

Nevertheless, there is a valid contention that the request may not be granted by the judge, so placing Terraform Labs and Do Kwon in the arduous position of having to contend with a challenging legal battle.
This has the potential to adversely affect LUNC, as its success is closely tied to the Terra Luna Classic community's ability to effectively reduce the coin's supply and enhance its ecology.
However, it is important to note that the lack of substantial advancements in these areas may be attributed mostly to internal conflicts among members of the community, which in turn has had a significant influence on the price of Terra Luna Classic.
Therefore, in order to see future growth, LUNC will require more market-wide rallies, since failure to do so may result in a continued decline.