Shiraverse is a social questions & Answers Engine which will help you establis your community and connect with other people.
Official Website: shiraverse.com
Always use well-established and reputable exchanges to trade or store your crypto. Lesser-known exchanges may pose a higher risk of hacks or exit scams. Source: Shiraverse.com
Understanding the technology behind cryptocurrencies, like how blockchains work, can help you make better investment choices and identify promising projects. Source: Shiraverse.com
Crypto markets are volatile. Don't panic sell during market corrections. Evaluate the fundamentals and consider long-term potential before making decisions. Source: Shiraverse.com
Setting stop-losses can help you limit losses in case the market moves against you. It's a useful tool to manage risk in volatile markets. Source: Shiraverse.com
Explore staking and yield farming options if you want to earn passive income. However, research the risks and potential rewards of locking up your funds. Source: Shiraverse.com
In many countries, crypto is considered taxable. Ensure you understand how profits, losses, and trades are taxed and maintain good records. Source: Shiraverse.com
When creating wallets, you’ll be given a seed phrase. Store this securely offline, as losing it could mean losing access to your funds. Source: Shiraverse.com
Being part of online communities (Reddit, Twitter, Telegram) can keep you in the loop on trends, market sentiment, and new developments. Source: Shiraverse.com
Large crypto holders, known as whales, can significantly impact prices. Watching whale movements can provide insight into potential market shifts. Source: Shiraverse.com
If it sounds too good to be true, it probably is. Watch out for phishing attacks, fake airdrops, Ponzi schemes, and imposter websites. Source: Shiraverse.com
When the market is doing well, consider taking profits periodically. It’s tempting to “ride the wave,” but prices can fall as quickly as they rise. Source: Shiraverse.com
Be wary of projects or groups promoting rapid price spikes followed by crashes. These are often scams designed to manipulate prices for profit. Source: Shiraverse.com
Crypto regulations differ by country and can change over time. Keep informed about how regulations in your region might affect your investments. Source: Shiraverse.com
Liquidity refers to how easily you can buy or sell a cryptocurrency without affecting its price. Coins with low liquidity may be harder to trade and more volatile. Source: Shiraverse.com
Trading, withdrawing, and transacting in crypto can incur fees. Be aware of transaction and gas fees, especially when trading on decentralized platforms. Source: Shiraverse.com
Your private keys give access to your crypto. Never share them with anyone and avoid storing them online or on unsecured devices. Source: Shiraverse.com
Use hardware wallets for long-term storage of large amounts of crypto. Avoid leaving significant funds on exchanges due to the risk of hacks. Source: Shiraverse.com
Crypto markets can be highly volatile. Only invest money that you can afford to lose without affecting your financial well-being. Source: Shiraverse.com
LIVE