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What is volatility? Simply put, volatility is the up-and-down âjumpsâ of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time. In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss. It is important to always take this factor into account; however, youâve probably already realized that =)
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Unicorn hunting Based on the slang term âunicornâ, itâs easy to guess that âunicorn huntingâ is the process of searching for a unicorn that has yet to reach a valuation worth $1 billion. Of course, this is a risky strategy: You need to find a project thatâs at an early stage, study it carefully, and only then invest. The project must offer something absolutely cool/innovative/necessary for the market and be able to realize it. Therefore, you wonât be able to âcatch the unicornâ without some serious analytical skills. đCrypto_Ocean
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Simple tips to avoid crypto scams Exercise caution with promises of big profits, double investments, or free money. Check for communication errors. Avoid transactions with unclear details. Stay alert for contracts and manipulation tactics. Question unusual endorsements from influencers. Adopt vigilance and research before considering any investment.
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