#MyFirstFeedPost Hello, Binance Square! I'm delighted to write a post here in this platform. I have been a crypto enthusiast since 2015. I bought my 1st ever BTC @375 ever since I have been following the market's ups and down movements.
Im very excited to very soon launch my ebook named "cryptology" which is a basic understanding of the crypto space. this ebook will be free of cost. it will cover all aspect from the evolution of money, Blockchain, basic crypto terminologies for a beginner to begin the crypto journey.
In crypto space it is all about community building. most project have very lucrative incentives to lure the mass to their project. we have to analyse and study the tokenomics and usability case involved. we have to do the math of the supply and demand factor of a coin before we get involved. Blind trust is causing a negative impact on this industry. So it's important that we have to get familiar with the technology and use cases.
We see a lot of projects involving difi and web3 incorporated methodologies and structure their business operations that benefit endusers. Most projects give lurucative ROI which can even double your investment in short time. The icing on the cake lure most to involve in a particular project.
Analyse how they are going to pay ? is it from a sale of a product or services or is it from rolling the money of new members to pay the old members? study how is the profits generated to pay the members. Check for tangible profit generation methodology.
Know who is the team behind the project. the admins and individuals involved.
Understand the risk involved. In any project invest only the money you can afford to loose also known as disposable income. safe guard your hard earned money and avoid putting all your eggs in one basket is the best advice financial advice.
This industry growth is immensable. Educating yourself is the best way to indulge in the crypto space.
the market is here to stay with great opportunities to explore , make the best use of it to achieve your goals and become financially responsible