The only way to achieve greatness in life is to have patience, consistency, and discipline."$BTC
$SOL

What are public and private keys?

Your blockchain wallet has a “private key” and a “public key.”
You shouldn’t show or reveal the private key to anyone because it gives access to your coins.
Meanwhile, the seed (recovery) phrase generated when you create a wallet is a “human-readable” version of your private key, which can be used to recover your private key.

The public key, however, can be shown to anyone.
Moreover, your public key is your wallet’s address, where coins are sent to you.

In simple terms:
The private key is the key that gives you access to your coins; the public key is the code used to receive cryptocurrency at your address.What are public and private keys?
Your blockchain wallet has a “private key” and a “public key.”
You shouldn’t show or reveal the private key to anyone because it gives access to your coins.

Meanwhile, the seed (recovery) phrase generated when you create a wallet is a “human-readable” version of your private key, which can be used to recover your private key.
The public key, however, can be shown to anyone.
Moreover, your public key is your wallet’s address, where coins are sent to you.

In simple terms:
The private key is the key that gives you access to your coins; the public key is the code used to receive cryptocurrency at your address.

💎Probably nothing

“Probably nothing” is a popular term in the crypto community used sarcastically to indicate events or news that may seem insignificant at first glance but, in fact, can have a significant impact on the cryptocurrency market.
Doesn’t make much sense, does it? 😅

Let’s keep it simple: Imagine that tomorrow, the news reports that the U.S. government is officially considering a bill recognizing Bitcoin as an official tender on par with the dollar.
If you’re a crypto proponent, you can tweet the link to this news and sign it “Probably nothing.”

While some may think this news is insignificant, it could be a strong indicator that Bitcoin is on its way to the moon.
In general, “probably nothing” is a way to emphasize the potential importance of certain events or news that may be undervalued or ignored.$SOL $ETH

Lost Funds on an Exchange? Here’s How to Recover Them

If you accidentally sent funds to an exchange without a memo,Don't worry! Recovering your funds is possible, though it can be a bit challenging.

Here are the general steps you can take:

▪️Contact Support: Immediately reach out to the exchange's support team. Provide them with all relevant transaction details: transaction ID, amount, and sender's address.
▪️Provide Proof: Ensure you have all transaction details ready, including the transaction ID, amount, sender's address, and any other relevant information.

▪️Wait for Response: Be patient; it may take time for the exchange to manually credit your account.

▪️Follow Up: If you don't hear back within a reasonable time, follow up with the exchange. Be persistent but polite.
To avoid such mistakes in the future, double-check all transactions before sending. If unsure whether a memo is required, send a small amount first to verify.$SOL
#StartInvestingInCrypto

Donald Trump says "Biden doesn't even know what" crypto is and if you like crypto you "better vote for Trump."😁😁🙄

Digital Assets vs. Stocks:

In finance, digital assets and stocks are often conflated but represent distinct entities. Cryptocurrencies, like Bitcoin, are digital tokens with specific values, while stocks signify ownership shares in publicly traded companies. Stocks are traded on regulated exchanges, whereas cryptocurrencies are primarily traded on largely unregulated crypto exchanges.
Despite their differences, both assets share similarities such as volatility and high liquidity. However, their purposes diverge: cryptocurrencies aim to function as alternative forms of money, while stocks reflect ownership in companies.

When investing in crypto stocks, you're not purchasing cryptocurrencies directly but buying individual stocks in companies within the crypto industry. Examples include Coinbase, a cryptocurrency exchange that went public in 2021, as well as crypto mining companies and blockchain technology providers.

Understanding the distinction between digital assets and stocks is crucial for making informed investment decisions. While both offer opportunities, their unique characteristics and purposes necessitate different approaches. By recognizing these differences, you can make informed choices and potentially unlock new opportunities in the world of finance.
$BTC #InvestmentAccessibility

Microsoft will create a cryptocurrency wallet for Xbox (or not🙂).

Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.

Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.

In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎

Crypto Speak: Zombie coins

It is not hard to guess that we are talking about “dead” coins, where there is no longer any development, active community, or hopes for a bright future 🙂

The UST stablecoin from the collapsed Terra blockchain, by the way, is one of the “scariest” examples of zombie coins. When it died, it buried a huge amount of its investors’ money with it.

But you have never heard of most zombie coins and never will: They are usually born and die in silence, known only to a very small circle of people 😀

WHAT IS PASSIVE INCOME?

🖥 Generating passive income refers to active income that requires minimal work to earn and maintain. Passive income sources include investing in mutual funds, selling products online, teaching online courses on sites like Udemy, or other tactics where the earner doesn't have to participate.

BENEFITS:
🖥 Passive income is important because it provides residual income with minimal time and effort. It can improve your personal finances and give you the freedom of time. Not having to trade your time for money can reduce stress and anxiety, and make you feel more confident about your financial future.$BTC
$BNB

Crypto Speak: TPS

In the fast-paced world of cryptocurrencies, speed matters! Transactions Per Second (TPS) measures a blockchain network's ability to process transactions quickly, making it a crucial metric for scalability and efficiency.

For instance, Bitcoin can handle only 3-7 transactions per second due to its Proof of Work consensus mechanism. In contrast, Ethereum processes 15-30 transactions per second using Proof of Stake. Newer blockchain platforms like Ripple boast even higher TPS rates.

Improving TPS is a top priority for developers as it directly impacts network performance, fees, and adoption. Strategies to enhance transaction speeds include optimizing network performance, implementing layer 2 scaling solutions, and exploring new consensus mechanisms. As the crypto space continues to evolve, the race for TPS is on!#StartInvestingInCrypto

Educational Post📕

4 Types of Trading Confirmations

1️⃣ PRICE ACTION
When analysing many different instruments whether that is forex currencies, crypto projects or even stocks. You will often see when searching for trading opportunities that there are various confirmations that price will give clues about on the chart that we can trade from.

2️⃣ INDICATORS
Whether you're purely a price action trader or an indicator heavy trader. From simple moving averages to complex computer algorithms, indicators play a big role in the trading industry.

3️⃣ FUNDAMENTALS
Which are figures deriving from news events such as in an economic calendar, news & tweets etc. Actual fundamental news can become your best confirmation tool.

😀 KEY LEVELS
Majority of the trading volume comes from the big institutional players such as banks & hedge funds etc. Therefore, it's important to know where these big players are buying/selling & why...
Like 😀 & Share 😀

FTX has paid out more than $670 million to consultants and lawyers since the start of bankruptcy
Cryptocurrency exchange FTX has paid out a total of $672.5 million in commissions to lawyers, consultants and new management since November 2022.

According to one affected investor's prediction, the total cost will exceed $1 billion before customers and creditors are even compensated.

Bitcoin Criticism: Bitcoin is a bubble

We decided to break down the main arguments behind Bitcoin’s criticism (we’ll be doing this all week), and we’ll start with one of the most popular statements:
Bitcoin is a bubble.

Let’s break down what can be called a “bubble.” A bubble can only be inflated once, such as the inflated bubble of “tulip mania” in 1636.

A burst balloon cannot be re-inflated, and if the bullish rise of 2017 was a bubble, how did Bitcoin recover and surpass that high in 2021?

It’s true that cryptocurrencies are volatile, but this market should be evaluated over wide stretches of time. 2014 and 2018 were the only years when Bitcoin’s price was lower at the end of the year than it was at the beginning.
If you zoom out and look at long-term average indicators, Bitcoin’s appreciation is consistent. The monthly price has never closed below its 200-day weekly moving average.

Liquidity Pools: The Backbone of DeFi Trading

Liquidity pools are a cornerstone of decentralized finance (DeFi) platforms, enabling seamless trading by providing a pool of funds locked in a smart contract. These funds facilitate trading by offering liquidity for various pairs, ensuring assets are always available.

Here's how it works:

■ Liquidity Providers: Users deposit their funds into the pool and receive tokens representing their share. These tokens can be traded and earn fees from trades using the pool.

■ Trading Efficiency: Liquidity pools act as a marketplace for assets, allowing traders to buy and sell without traditional exchanges. For instance, on Uniswap, an ETH/USDT pool ensures enough ETH and USDT tokens are available for trading.
By maintaining a constant asset supply, liquidity pools enable quick and efficient trades, making them essential in the DeFi ecosystem.#StartInvestingInCrypto $SOL

Crypto speak: Astroturfing

This term is not exclusive to the realm of cryptocurrency; however, it does appear frequently in the blockchain space. “Astroturfing” is the practice of promoting a product or service—e.g., an NFT or ICO—without disclosing personal interest.

Celebrities such as Steven Seagal and Floyd Mayweather Jr. have been fined by the U.S. Securities and Exchange Commission in the past for “astroturfing” ICOs.

This means they mentioned the coins on their blogs and resources but failed to disclose that they were getting paid to advertise the product.

Are crypto transactions anonymous?

Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.
Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.

However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).

For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.
Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.

Random Bitcoin fact:

Bitcoin is a deflationary asset.
It's total supply is capped at 21 million coins, making it deflationary as the supply cannot be inflated beyond the predetermined limit. This scarcity implies that over time, the value of Bitcoin is expected to increase due to limited supply and growing demand, making it a store of value similar to gold.
However, this nature also incentivizes users to hold on to their coins rather than spend them, potentially impacting economic activity.

Crypto speak: Red flag

A “red flag” is an alarm or ominous sign indicating a problem with a crypto project.

For example, you’re researching an NFT collection and see that its funders are new to the NFT world and aren’t known in the community. That’s a red flag.

Or, say, the collection’s website is unkempt with grammatical errors—indeed, that’s another red flag.