Cryptocurrencies have been around for over a decade now, and they have seen a lot of volatility in that time. However, there are a number of strategies that investors can use to increase their chances of success in the long term.

Crypto Santa

Here are a few tips for cryptocurrency investing:

Do your research. Before you invest in any cryptocurrency, it is important to do your research and understand the technology behind it. You should also research the team behind the cryptocurrency and their plans for the future.

Invest for the long term. Cryptocurrencies are a new asset class, and they are still in their early stages of development. As such, it is important to invest for the long term and not expect to get rich quick.

Diversify your portfolio. Don't put all your eggs in one basket. Instead, diversify your portfolio by investing in a variety of cryptocurrencies. This will help to reduce your risk if one cryptocurrency fails.

Don't panic sell. The cryptocurrency market is volatile, and there will be times when the prices of cryptocurrencies fall sharply. It is important to stay calm and not panic sell during these times. Instead, use these opportunities to buy more cryptocurrencies at a lower price.

Use a secure wallet. When you store your cryptocurrencies, it is important to use a secure wallet. A secure wallet will protect your cryptocurrencies from theft and hacking.

By following these tips, you can increase your chances of success in the long term when investing in cryptocurrencies.

Here are some additional tips for long-term cryptocurrency investing:

Set realistic goals. Don't expect to get rich overnight. Instead, set realistic goals for yourself and gradually increase your investment over time.

Be patient. The cryptocurrency market is volatile, and it can take time for your investments to grow. Be patient and don't expect to see results overnight.

Learn from your mistakes. Everyone makes mistakes when they're first starting out. Learn from your mistakes and don't repeat them.

Stay up-to-date on the latest news. The cryptocurrency market is constantly changing, so it's important to stay up-to-date on the latest news. This will help you make informed investment decisions.

By following these tips, you can increase your chances of success in the long term when investing in cryptocurrencies.

Cryptocurrency investing is a risky investment, but it also has the potential for high rewards. If you're considering investing in cryptocurrencies, it's important to do your research and understand the risks involved.

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#newbies #feedfeverchallenge #BinanceTournament #binancepizza #bitcoin

Blockchain technology is a distributed ledger technology that allows for secure, transparent, and tamper-proof transactions. It is the underlying technology behind cryptocurrencies such as Bitcoin, but it has the potential to be used in a wide variety of other applications, including supply chain management, healthcare, and finance.

Blockchain

In this article, we will provide an overview of blockchain technology and discuss its implications for businesses and individuals.

What is blockchain technology?

Blockchain is a distributed ledger technology that allows for secure, transparent, and tamper-proof transactions. It is a decentralized database that is maintained by a network of computers. Each computer in the network has a copy of the ledger, and any changes to the ledger must be approved by a majority of the computers in the network.

This makes it very difficult to hack or tamper with the blockchain, as any changes would be immediately apparent to the rest of the network. Blockchain technology is also very secure, as it uses cryptography to protect data.

How does blockchain work?

Blockchain technology works by storing data in blocks. Each block contains a number of transactions, and each block is linked to the previous block using a cryptographic hash. This means that each block is dependent on the previous block, and any changes to one block would invalidate all subsequent blocks.

This makes it very difficult to hack or tamper with the blockchain, as any changes would require changing all subsequent blocks.

The implications of blockchain technology

Blockchain technology has a number of implications for businesses and individuals. For businesses, blockchain technology can be used to streamline operations, improve security, and reduce costs. For individuals, blockchain technology can be used to store data securely, make payments, and participate in decentralized applications.

Here are some of the potential benefits of blockchain technology:

Improved security: Blockchain technology is very secure, as it uses cryptography to protect data. This makes it a good choice for storing sensitive data, such as financial information or healthcare records.

Reduced costs: Blockchain technology can help businesses to reduce costs by streamlining operations and improving efficiency. For example, blockchain technology can be used to automate payments and track inventory, which can save businesses time and money.

Increased transparency: Blockchain technology is transparent, as all transactions are recorded on the blockchain and can be viewed by anyone. This can help to build trust between businesses and their customers.

The future of blockchain technology

Blockchain technology is still in its early stages, but it has the potential to revolutionize a wide variety of industries. As the technology continues to develop, we can expect to see more and more businesses and individuals adopt blockchain technology.

Here are some of the potential applications of blockchain technology:

Supply chain management: Blockchain technology can be used to track the movement of goods through the supply chain. This can help to improve efficiency, reduce fraud, and ensure the authenticity of products.

Healthcare: Blockchain technology can be used to store and track patient data. This can help to improve patient care and reduce costs.

Finance: Blockchain technology can be used to create decentralized financial applications, such as peer-to-peer lending and decentralized exchanges.

Government: Blockchain technology can be used to create secure and transparent government records, such as land ownership records and voting records.

Blockchain technology is a powerful new technology with the potential to change the world. As the technology continues to develop, we can expect to see even more innovative and exciting applications of blockchain technology.

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#bitcoin #feedfeverchallenge #BRC20 #crypto2023 #newbies

There is only one way leading to sustainable prosperity: wisdom. I believe that multiplication your knowledge by 100 this season will help you x100 or even x1000 your assets next season. In this article, I will present methods to help you go far and quickly with cryptocurrency.

1. Self study

The cryptocurrency market develops at a rapid pace, hence the knowledge of it is too much and constantly updated, which is easy for newcomers to get lost. Here are the ways I learned during self-study:

Take a look at the overview and then focus on the niche

If you are a newbie for the first time, try to read all the basic knowledge to get an overview of the market, from terms, concepts, participants to the other pieces of the market, ... You also need to open up your mind and learn about the blockchain, not just cryptocurrency.

Once you've got a rough idea of the market, pick a niche you're interested in digging into. Continue to break down your chosen part into smaller pieces to study. To make it easier to imagine, think of a tree diagram. I often use miro.com to do this. Doing so helps you to have systematic thinking.

Blockchain Technology Stack - Image: @101blockchain

Along with that, do not forget to learn about the history of the crypto industry and the history of world finance. Looking back at the past shows us the future. History always repeats so there is such a thing called a cycle.

Dig deep into the basics first

Each person will have a research path according to their abilities and interests. However, in general, mastering the basics first will help you go faster with the complex. Before starting with hot trends like nft, layer2, web3 … you should probably know about btc, eth, bnb and defi first.

Always take notes

Taking notes helps you remember faster and also for review. In the past, I used to write in paper books and take notes on my phone. Later I switched to using evernote.com because I found it very convenient and fully supported my needs.

A basic route I suggest is as follows:

Take a look at all the definitions, terms, and slang.

History of the cryptocurrency market and world financial markets.

Macroeconomic knowledge

Blockchain Knowledge

Composition, structure and operation of the cryptocurrency market

Digging deep into Bitcoin, Ethereum, BNB, DeFi

Then continue to study the areas that you like.

2. Learn from the experienced and the community

In a downtrend like this, there are many quality articles from OG, Researcher, KOLs because only now do they have time to calm down, look back and write. During an uptrend, everything moves too fast, so they are busy making money but have no time to explain to you.

Twitter's "Lists " feature is recommended to add quality accounts for easy following. In addition, if there is a suitable course, you should take the time to participate in. For each of them, just filtering out a few valuable things is also good enough. At the beginning, I follow all courses that can be found, even the livestreams and YouTube channels.

Learn from the best

Gradually, you will be able to filter out which OGs, Researchers, KOLs or communities to follow. It doesn't make sense at all to list the names that you have not experienced.

3. Build a study plan and allocate time

It is undeniable that not everyone can be full-time for crypto since all have other jobs. Hence, making a study plan and allocating time are essential.

How the time is allocated depends on each person, but it is necessary because that means you are considering it as a job to be completed, not something to do at a convenient time. App structured.app can help with time management.

4. Spend a very small amount of capital to participate.

Saying "learning and practice go hand in hand" is not wrong. Even in a downtrend without waves like this, I still spend a very small part of my capital for trading.

There are two purposes for this: one is to practice and the other is to not be distracted from the market. The market at the moment is extremely boring and easy to forget, so "playing" back and forth is a way to keep abreast of the market.

Remember to use just a small portion of your capital to practice and experience. You can read more threads about your capital management experience below: https://www.binance.com/en/feed/post/279708

5. Write a diary

Yes, this is quite important, especially for newbies. When you first enter the market, sometimes you will not understand why you buy this or that. Journaling helps you learn very quickly and avoid the mistakes you made in the past. My trading diary often writes as follows: time/coin/buy zone/sell zone/stop-loss/reason for entry. Keeping a trading journal is also a way to practice self-discipline.

Write a diary

6. Share your knowledge

Do not hesitate to share the knowledge you have learned with the community. What you learn and understand in your head is one thing, but writing it down and sharing it with others is another story.

Responsibility for the shared post requires you to do it properly and have the skills to systematize the problem to convey the most complete content. Like the article you are reading here, these are all things I still do every day, but when I write a sharing article, I still have to research and verify it again to make a complete article. It was also a re-learning for myself. In addition, when you share, you will receive many feedbacks from the community to help you upgrade and improve further.

Learn or Lose

Hope this article will bring value to everyone. If you find it interesting, you can share it with the community.

#newbies #LearnCrypto #crypto2023 #knowledge #conquerorvision

Learn the basics of blockchain technology and cryptography. This will help you understand how cryptocurrencies work and what advantages they have over traditional financial instruments.

Don't invest all your savings in cryptocurrencies. The cryptocurrency market is very volatile and prices can change quickly. Diversify your portfolio and don't risk more than you can afford to lose.

Study the news and analytics. The cryptocurrency market is very dynamic, and news can greatly affect prices. Follow the news and analytics to stay up-to-date.

Use reliable exchanges and wallets. Don't store your cryptocurrencies on exchanges that can be hacked. Use reliable wallets to protect your savings.

Don't panic when prices fall. The cryptocurrency market is very volatile and prices can change quickly. Don't panic when prices fall and don't make spontaneous decisions. Study the market and make decisions based on analysis.

#Binance #crypto2023 #newbies

During the bull market, any long-term investment strategy seemed to be profitable. Whether it was buying cryptocurrencies or simply holding onto them, investors typically saw returns of 50% or higher. This environment led to the rise of information scam groups, which would use technical jargon and obscure terms to manipulate unsuspecting users and lure them into private chats or sell the very tokens the scammers themselves held.

These groups would often engineer small pump-and-dump schemes, where the administrators would profit from the price movements of the tokens while celebrating their success in deceiving their trusting subscribers. In our opinion, this is a despicable act.

While the bull market has partially destroyed these groups, some still persist. There are three key markers that can help identify such groups:

Secrecy: Posts may appear to have taken days to craft, giving an air of exclusivity and expertise.

Exploiting subscribers' incompetence: It's normal to be inexperienced, but these groups will deliberately make their subscribers feel inadequate, comparing them to the uninformed masses or even portraying them as ignorant.

Boasting about secret tokens: These groups may claim they've made extraordinary returns on secret tokens, without providing any evidence.

The main takeaway is not to fall for the freebies these groups offer. Education should either be free or not provided at all. Incompetent information scammers often try to teach people using neuro-linguistic programming (NLP) techniques and other psychological tricks.

Despite the end of the bull market, these groups continue to try to prey on the pockets of their not-so-wealthy readers. There are now very few people with large capital in the crypto space. Even big funds have gone bust, with the remaining players either in significant drawdowns or, with proper risk management, having withdrawn funds to invest in the real economy, such as real estate. While not the best option, it's wiser than leaving assets in the hands of greedy founders.

#crypto2023 #scams #newbies

In the world of decentralized finance (DeFi), new tokens and investment opportunities are created every day.

However, not all of these opportunities are legitimate. Scam tokens are a common problem in the DeFi landscape, and it is essential for users to be aware of the various tactics scammers use.

This article will discuss three different scam token variations that you should watch out for when participating in the DeFi market.

1. The Simple Scam Token:

The first variation is the most straightforward scam and targets inexperienced DeFi users. Scammers create a group, fill it with content, and disable the ability to ask questions through comments. They then start shilling the token, enticing users to buy it.

Unfortunately, once the user purchases the token, they lose the ability to sell it, and the scammer can take all the liquidity (money) used to buy the token.

2. The Sophisticated Scam Token:

The second variation is more elaborate. The scammer, acting as the group creator, communicates with readers in a condescending manner, posing as a superior being.

They then start enticing users to buy an unknown coin.

The catch is that the group creator buys a contract from developers and creates their token with infinite supply. With this infinite supply, the scammer begins converting the subscribers' real money, effectively robbing them while making false promises that the token value will soon bounce back.

Additionally, the scammer may use psychological tactics, reminding users that they knew the risks involved in trading and that everyone is responsible for their decisions.

3. The Most Devious Scam Token:

The third variation is the most cunning. The group is steadily built up, and posts are made occasionally. These posts focus on earning opportunities through various "grinds," such as abusing a website to earn $20.

The scammer then directs users to different services for an initial purchase, either partnering with these services or creating them. In the end, users receive less than what they spent, learn nothing, and ultimately enrich the group creator. The next step for the scammer is to move on to another scam, such as promoting fraudulent software.

Conclusion: The DeFi market offers many legitimate opportunities for investors, but it is crucial to stay vigilant and aware of potential scams. Understanding the tactics used by scammers can help you avoid falling victim to these malicious schemes.

Always do your research, ask questions, and consult with trusted sources before making any investments in the world of DeFi.

#crypto2023 #askbinancesensei #scams #newbies

Making $5,000 to $10,000 per day is possible on Binance even as a #newbies trader, but most people don't know.

In this guide, I'll share you insights that could help you make this much without having to learn too much technical analysis or charts.

The Grid Bot 🔛

This is also referred to as Binance Strategy Trading and it is built for automating trades. Here are some key things to know;

1. This bot can be manually set up or automatically used.

2. On automatical set up, the bot does analysis on the price history and movements of a coin, inorder to calculate future directions.💹

3. Once parameters have been provided for you, all you need do is to decide how much capital you want to trade with. I recommend using about 1 to 10% of your portfolio on a first time basis.

4. This bot is built for both spot and futures traders.

5. The main advantage of the bot is that, it does #crypto arbitrage for you at regular intervals. This means that it buys and sells an asset at a regular interval until you are comfortable with the profits. This benefits spot traders alot.

The above picture shows you the potential worths and profits generated using the Binance #TradingStrategy Bots.

List of Trading Bots On #Binance 🤖

1. Futures Grid

2. Spot Grid

3. DCA Bot

4. TWAP bot

5. VP bot

6. Others....🛑

Summary

While these bots have the potentials to make you profits, they also have the potentials to make you losses. Understanding how it works and how to use them is key. Binance has created tons of materials and mock up, so you can get used to it. $50k per week is very very feasible and may be capital dependent. However, you can always start reasonably.

If you've had a good or bad experience with these bots, please share them below 👇

I'll be reading and responding to all comments 🛑

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Disclaimer

This article is not to be regarded as financial advice, please do well to #dyor 🙏.