Where to start for a beginner? If you are new to crypto, then this post is for you
Most likely you came to cryptocurrency to get easy and fast money on this #bullrun , but I assure you that without experience and at least basic knowledge you will not earn anything and will go only in the negative.
1) What coins to invest in?
No-loss option is $BTC $ETH $SOL , but you need to buy at an adequate price, not at its peak, but again, analyze the charts and see how the previous bull run. If you are willing to wait for years, then invest and forget about it for a few years.
And if we talk about altcoins, you need to analyze their potential, the essence of their project and what's behind them, if it's nothing, it doesn't even matter. Also, you should not invest in very old projects, you are unlikely to earn much on them. The exception is #SOLANA #Ethereum #Bitcoin, as these are fundamental projects.
2) How to find a project to invest in at the initial stage?
To do this, you need to study how much money is invested in the project, what funds have invested in the project? The distribution of tokens among developers/investors/buyers etc., is this a very important indicator? When do token unlocks occur?
This all needs to be studied and so don't try to get into any project without analyzing it and certainly not without knowledge.
3) Meme Coins Meme Coins are a very risky investment because they can both give 100x and fall in 100x. So be careful and I advise newbies to stay away from it altogether. Memcoins have no logical growth behavior, there is almost always nothing behind these projects and they do not bring any benefit to the cryptocurrency society, like ETH or STRK.
This is the end of this post, be careful and don't fall for scams, good luck on this bullrun!
I'm writing this post because I see a huge number of posts and tweets on the topic "I'm new to cryptocurrency and want to get a better understanding, recommend coins to buy?".
To begin with, don't write such posts and don't listen to other people's financial advice!
With every bull run there is a huge wave of scam and fraud, so be careful and do not believe anyone's financial recommendations, only if you have not been following this influencer for a long time or believe him, but I strongly recommend to think only with your head and do not believe anyone.
MOST IMPORTANT - Never connect your wallets to unfamiliar sites, especially those that you found accidentally on the Internet or in ads, always check the information several times to avoid losing your money.
If you are absolutely complete 0 and do not know anything, then do not rush to invest money, learn and start to understand the crypto market better.
The $STRAX token was denominated on Binance today. and it was very unsuccessful! The denomination happened on all exchanges at different times, not at the same time and that's why we didn't see a big pump.
It is also said that $STRAX shows no real capitalization.
👨🏽💻A hacker hacked a protocol on Blast called Munchables for $17.4k $ETH , which is over $62 million.
So far, this is the largest hack of projects on Blast. But a day passed, and the Munchables hacker agreed to return all the stolen funds, even without any additional conditions.
💁🏽♂️The project team has already received private keys to the wallets with funds.
❗️Be extremely careful not to click any links on Twitter.
👾We remind you that it is better to spread to different protocols on PM, most likely this is not the last hack. Let's see what the project team and Blast himself have to say.
🐂 In Goldman Sachs said that clients' interest in cryptocurrencies is growing
Goldman Sachs said client interest in cryptocurrencies is growing, helped by the approval of spot BTC-ETFs in the US. Demand is mainly coming from traditional hedge funds.
"Many of our largest clients are active or exploring becoming active in this area," Max Minton, Goldman Sachs' head of digital assets for Asia Pacific, said in an interview.
Blaster announced the start of the "PRE-GENERATION" program
During the program, users will earn Blaster tokens for regular activity.
EARLY ACCESS members can accelerate the activation of the first event's rewards on a weekly basis. Newcomers can also join "PRE-GENERATION", no activation is required for them and they can start farming rewards right away.
Rewards:
— TRADING - up to 3000 tokens per day; — ACTIVITY - trade from $100 daily, increasing your rewards; — LP - up to 2000 tokens per day; — REFERAL - get up to 10% of referral tokens.
TOP 10 Best ways to make money from cryptocurrency!
1. Trading: Buying and selling cryptocurrencies on exchanges to profit from fluctuations in the exchange rate.
2. Long-term investing: Buying and holding cryptocurrencies for a long period of time (months to years) in order to profit from rate increases.
3. Staking: Generating passive income for holding cryptocurrencies in Proof-of-Stake (PoS) blockchains.
4. Mining: Extraction of cryptocurrencies using specialized equipment.
5. Participating in ICO/IEO: Investing in cryptocurrency projects at an early stage of development.
6. Lending: Lending cryptocurrencies to other users with interest.
7. Margin Trading: Trading cryptocurrency using borrowed funds.
8. Arbitrage: Buying cryptocurrency on one exchange and selling it on another at a more favorable price.
9. Crypto Gaming: Earn cryptocurrency by playing games.
10. NFT creation and selling: Create unique digital assets (images, videos, music) and sell them on NFT marketplaces.
Important: — Before you start investing in cryptocurrency, you should thoroughly research the market and choose the most promising projects. — The cryptocurrency market is highly risky, so you should not invest more than you can afford to lose. — Always follow safety rules and store cryptocurrency in secure wallets.
Disclamer: this is NOT financial advice or a call to action, only you decide how you want to manage your cryptocurrency!
El Salvador continues to deepen its engagement with the digital currency market, particularly Bitcoin, through a series of strategic moves that underscore its commitment to cryptocurrencies. President Nayib Bukele recently announced El Salvador's plan to buy one bitcoin every day, intending to continue this practice until it is no longer available for fiat currencies. This initiative has brought the country's bitcoin holdings to 5,690 BTC, valued at approximately $400 million dollars.