STEP BY STEP GUIDE ON HOW TO BE RESEARCH A CRYPTO CURRENCY BEFORE MAKING AN INVESTMENT

I am very much sure you wonder how successful traders manage to stay at the top of the game every time to maximize profit and minimize loss in trades and investment even at the most unpredictable situation.

The following strategies might help👇

1. Check out the project’s website:

Visit the official website of the cryptocurrency you're interested in. Look for the following:
- An up-to-date and user-friendly website.
- A clean design without spelling or other errors.
- Information about the team members and partnerships.
- Clear definition of the token’s objective.
- Availability of a white paper.

2. Read the white paper:
A crypto white paper is crucial for evaluating a cryptocurrency. It outlines the project’s goals and strategies.
- Pay attention to the following aspects:
- Tokenomics: How the token will be distributed among investors, supply limits, and details about minting and burning.
- Understand the team's goals and how they plan to achieve them.
- Ensure the white paper is free of spelling and grammatical errors.

3. Scrutinize social media channels:
- Visit the cryptocurrency's social media accounts (such as Twitter, Reddit, or Discord).
- Look for community engagement, updates, and discussions.
- Pay attention to how the team interacts with the community and responds to queries.

4. Identify an opportunity:
Look for emerging trends in the crypto space.
Research coins that align with these trends.

5. Check the metrics:
- Evaluate whether the value of the cryptocurrency matches the market opportunity.
- Consider metrics like market capitalization, trading volume, and liquidity.

6. Make your move:
- Decide on an investment strategy (long-term or short-term).
- Purchase the cryptocurrency through a reputable exchange.

Remember, thorough research is essential before investing in any cryptocurrency. Understanding the project, team, and market dynamics will help you make informed decisions.

Why waste your time on crypto?

I know many people who have known the existence of crypto without doing anything on it. They don't invest, they don't master trading, they don't do defi jobs , they don't do airdrops, they don't mine, they only undergo unending learning .

Knowledge is respectable but not without result . People respect results more than the knowledge per say. Nobody cares about your knowledge if you have nothing to show for it.

You'll not be able to learn everything about trading before you begin to trade. Start trading and learn from your mistakes , it's the best way to learn .

If you learn by practice, You will understand better, you will make money with time. Sometimes luck happens and you win big.

Magic won't happen if are afraid to trade. You may learn your whole life without having to utilize your knowledge.

Learn risk management

Learn fear and greed index

Learn patience

Learn not to FOMO

Learn to take profit

Learn asset management.

Nobody is comingto save you.

Trade $SOL $ENA $BOME

Don't wait for so long to begin. Learn the ropes until you master the art.

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IS #SAGA A GOOD COIN TO BUY AND HOLD?

$W coin that was recently listed on binance has left a lot of people especially new Bess doubting the performance rate of $SAGA on binance that will be listed on the 9th after the farming period.

Believe it or not, $SAGA will make you money .
It is totally unacceptable to rate $SAGA with memecoins like #W which has no real utility but relies on the community support and hype.

To have a sneak peak into the pending performance of $SAGA after listing, It is important to look in retrospect to projects like $ENA and $ETHFI . These projects have dished out an outstanding performance since it listings on binance.

Also after listing $SAGA on binance, Other large #CEXES will grab hold of it and list it on their respective exchanges. When that happens, large volume of traders and investors will flood in to trade $SAGA and that will propel SAGA'S price making early investors from binance profitable.

Again, If you're currently staking your $BNB or $FDUSD to farm SAGA, you will notice that the reward rate of SAGA is lower compared to that of ENA. What does that tell you, It basically means that SAGA has a limited supply and might list with prices slightly higher than that of ENA.

After reading this article, Go back to reread the question preceding it and give an answer based on the viewpoint provided.

I hope this helps.
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DIFFERENCE BETWEEN $ENA AND $W COIN

Recently, the popular binance launch pool coin ENA was listed and people that got in early made a lot of profit out of it. Some are still holding while others took their profit and wait for a perfect entry to rebuy.

This are the reasons you made money from $ENA

i. $ENA was first listed on binance before any other exchange.

ii. ENA has good backers and reputable investors that support it development.

iii. ENA is a utility coin.

People speculates that ENA price may peak above $5-$6 price margin in the coming days due to many interested traders who are curious about seeing what this coin has in store.

Now let's talk about the popular W coin which was recently listed on binance.

Arguably, many traders and investors were disappointed by the performance of the W coin because it didn't turn out to their expectation and some lose money .

Here are the reason why you lose money;

i. W coin was trading on several other exchanges before it was listed on binance.
While it was listed, the volume of sellers from other exchanges set in and those who bought high on binance exchange, were or are still at loss but will recover sooner if they're patient.

ii. W is a meme coin which means it has no real utility, it only relies on the community to hype it up and marketing to gain visibility. Many investors and traders do not trade meme coins.

Comparing the two, I hope you understand why you made more on ENA compared to W

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$w COIN LISTING SOON ON BINANCE

Hello friends I hope you have made good profit from $ENA since it launched yesterday at a $0.3 listing price on binance.
$ENA is currently trading at $0.9+ and it looks stable at that point which means if you bought earlier just after the listing yesterday you're already in good profit.

However , $W (wormhole coin) is listing in few minutes. Position well and make some profits from it.

My humble advice is to try and buy as soon as it is listed. you will make some profit.

Happy earning

#Write2Earn‬View #Write2Earrn

Some of the Trading mistakes You should avoid.

1. Not taking profit on time
While buying a token when it just get listed can make you good profit in the shortest time possible, if you are too greedy and not take profit on time , your money can turn to dust. Avoid buying at ATH and take profit on time.

2. Lack of discipline:
Discipline can help you avoid jumping on every ship of trade. Don't enter every promising trade you see. For example you can see $bnb at 10% up, $Bome at 40% etc. If you are not disciplined, you may be tempted to get into trades owing to Fomo and that could be disastrous.

3. Lack of patience in trades:
Patience helps you to minimize risks and maximize your profits. Let's say you bought a coin that dipped 15% as it should, you held the coin for 24 hours or sometimes more and no significant positive movement has occurred or it dips more, In as much it is a good project, please hold.
Learn how to hold for a week or more. That coin will pump and you take profit.

I hope this article helps minimize your risks and maximize your profits.

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