Cryptocurrency has become extremely popular over the past few years, but many consumers and investors may be wondering what all the commotion is about. Why would anyone choose cryptocurrency when their local currency works just fine for most things? Why would someone invest in a cryptocurrency?
In fact, there are a lot of advantages to using and investing in cryptocurrency. Here are the top eight benefits to consider.
The value of cryptocurrency are with all the benefits cryptocurrency has over fiat currency and other asset classes, it's hard to argue there's no value in using or investing in crypto. The utility provided by many cryptocurrencies is of great value to many people who value fast and secure transactions. And, it's only going to grow more accessible over time with fewer technical hurdles. Combined with the benefits of diversification and the potential to hedge against inflation, the benefits of adding crypto or crypto stocks to your portfolio start to add up. #TrendingTopic #BullMarket📈 #Letsearntogether
CRYPTO BEGINNERS GUIDE: 5 THINGS CRYPTO NEWBIES SHOULD KNOW BY ABDUL
1. DELVE EXTENSIVELY BEFORE INVESTING The first step in crypto consciousness is understanding the underlying technology – blockchain. Forget the tech jargons for now. No one needs to convince you of how revolutionary blockchain technology is. A good starting point is reading articles, checking online forums and vlogs discussing cryptos.
2. INVEST ONLY WHAT YOU’RE WILLING TO LOSE In the cause of my extensive research in the early days, I’ve realized a very important rule of the thumb in the crypto markets — only invest what you’re willing to part ways with. This is because the market is exceptionally volatile, one which is fueled by hype and market sentiments rather than fundamental elements. This makes the crypto markets intensely risky; that’s why you have the potential to make loads of money or lose everything instantly.
3. FOCUS ON THE LONG-RUN Cryptocurrency is not a “get rich quick scheme”. Do not have the sole mentality of pursuing short-term gains, especially if you do not have the necessary trading or technical skills. Let’s face it, many in the crypto markets have no idea what they’re investing in and are in this only for the short-term rewards. This is a recipe for disaster. It is imperative that every investment decision is based on thorough due diligence and patience.
4. DIVERSIFY YOUR PORTFOLIO Crypto Beginners Guide, 5 Things Crypto Newbies Should Know, should know, crypto, guide Your cryptocurrency investments should be spread across the market proportionally. Never put all your eggs in one basket.
5. KEEP AN EYE ON YOUR PROFIT & LOSS When I first started, I wasn’t taking cognisance of the amount of satoshi a coin was worth. I simply saw those figures as randomly controlled by bots. To the contrary, those numbers determine the value of your coin at any given time. The key to profitability in this area is to buy low and then sell high. You need to pay attention while placing a buy order.
Your Content Is Better: Join the content challenge to earn up to 1 BTC and a share of $500,000!
Amid the whirlwind of bear markets and bull markets, it's easy to forget that people worldwide are using crypto daily in simple and practical ways. The ‘Crypto Is Better with Binance’ campaign commencing this week spotlights our users and delves into their real-life stories to discover how crypto has positively impacted them in revolutionary ways.To celebrate the launch of the video content series, we are thrilled to announce the Binance content challenge, Your Content is Better! Building on the theme of the campaign, we would love you to create content that highlights your crypto story too – how you first heard about crypto, how Binance helped you learn about the industry, the products you use the most, what it is about Binance’s SAFU fund that gives you peace of mind, and why crypto is better with Binance – using creative flare to bring your story to life.Topics and Rewards Tailored specifically to content creators, this is an excellent opportunity for every eligible creator to earn up to 1 whole BTC and a share of the $500,000 prize pool in rewards by creating content around the following topics:When you discovered crypto and Binance Which Binance services or products you mostly use and why you use themA time the Binance products/services positively impacted you Why it gives you peace of mind that all user assets are backed 1:1 How Binance impacted your confidence in navigating the crypto market How you used Binance to solve a problem that traditional financial services couldn't address What you love about the Binance community Why crypto is better with BinanceHow to Participate:Step 1: If you meet the eligibility criteria you are welcome to participate and see if you have what it takes to create the best, most engaging content. Videos will be assessed on key criteria including creativity, originality, engagement and reach. To qualify, participants will need to provide proof of actual followers or, in the event the platform doesn’t display followers such as a website, participants may submit proof of monthly unique users when completing the content submission. Step 2: Share your creation on any public social media account or platform using the hashtag #CryptoIsBetter. Complete your content submissions here.The promotion period runs from December 1, 2023, 12:00 (UTC) to December 21, 2023, 23:59 (UTC).There is no limit to the number of submissions you can make.Rewards StructureFor All Qualified creators: Up to 1 BTC in Token Vouchers per UserEach qualified content creator can earn up to 1 BTC in token vouchers categories by creating and sharing original content on their chosen topic (listed above) for the challenge. Binance will evaluate all eligible content submissions against the assessment criteria in each rewards category. Each content submission must attain a minimum number of 500 impressions to count as an eligible content creation.Creators who do not own a content submission with at least 500 impressions will not qualify for any rewards from this promotion.Content Quality & Creativity A select panel of judges from the Binance team will evaluate all eligible content creations based on their respective content quality and creativity, and score the overall content submitted by each qualified Binance Affiliate as “Low,” “Good,” or “Excellent.”Content quality rewards are distributed on a first come, first served basis. Once the reward pool is fully distributed, content will not receive a low, good or excellent quality reward, but will still be eligible to win ‘Best Piece’ for the 1 BTC prize.Score for Content Quality & CreativityReward (in Token Voucher)Total reward poolLow0 USDT0Good300 USDT$50,000Excellent500 USDT$50,000Best piece1 BTC1 BTCContent Popularity Binance will measure the popularity of each creator’s content, based on the total number of impressions received by all eligible content submitted during the Promotion Period. The more eligible content pieces there are, the more rewards users will get based on the total number of impressions across their content submissions.Number of Impressions Received by All Eligible Content CreationsReward (in Token Voucher)< 2,500 impressions0 USDT≥ 2,500 impressions100 USDT≥ 7,500 impressions300 USDT≥ 15,000 impressions600 USDT≥ 25,000 impressions1000 USDT≥ 100,000 impressions3000 USDTFor full terms and conditions, please visit this pageRisk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.