$Advice for beginners. Part 1
*I am not a trader but rather a crypto enthusiast. I've learned a few things since I started and I'm going to share them with you.
1- the money you invest is not the money you need.
And it's not your savings put aside for years either.
2- get interested before taking the plunge, read articles on the good things to know or do in crypto, in short or long term trading. Finally, Read my post!
3- there is a small info button at the top left when you choose a pair in the market menu.
Very useful information:
Market capitalization: the total amount in currency (euro yuan dollars) of liquidity contained in the chosen pair at time T.
>this will allow you to determine if the part is viable. You must multiply the price of the coin by the total number of coins held by the public and those circulating in the market.
Fully diluted capitalization: this is the market capitalization + the total amount of all sales and purchase orders in progress.
>this one will be used to see if people are making trades on it, the higher it is in relation to the market capitalization the better!
Maximum bid: this is the total amount of coins. Generally expressed in millions or billion.
Between 60 and 150 million is good, but some places like #doge or #ethereum have an infinite supply.
Maximum supply provided: This is the total amount of tokens that Binance holds.
> it is better that they are entirely owned by binance. This also allows you to detect scams if you ever use a Defi or a DEX. What you don't want to see is that the token is held by an unknown wallet. We want to see it on recognized exchange platforms, Binance, Uniswap, Bybit, Pancakeswap.
And so on, otherwise I'll write for an hour.
Ah I have more space...
Well, next week for the rest.
Take care of yourself.