There are several stories of people who became millionaires thanks to cryptocurrencies. Here are some famous examples:
1. Erik Finman
Story: In 2011, at just 12 years old, he invested $1,000 that he received as a gift from his grandmother in Bitcoin, when each coin was worth $12. By 2017, he became a millionaire, with a fortune valued at more than $4 million.
Lesson: He believed in the potential of Bitcoin from its inception and maintained his investment despite volatility.
2. The Winklevoss Twins (Cameron and Tyler)
Story: The Winklevoss twins, known for their feud with Mark Zuckerberg over Facebook, invested $11 million in Bitcoin in 2013 when it was at $120 per coin. Their investment grew significantly, and they currently have billions in cryptocurrencies.
Lesson: They diversified and invested in cryptocurrency platforms such as Gemini.
3. Vitalik Buterin
Story: Not just for investing, Vitalik co-founded Ethereum, one of the largest cryptocurrencies. He became a millionaire thanks to the appreciation of Ether (ETH) and his role in the development of blockchain technology.
Lesson: Innovating in the industry can be even more lucrative than simply investing.
4. Changpeng Zhao (CZ)
Story: CZ is the founder of Binance, one of the largest cryptocurrency exchange platforms. He started by buying Bitcoin in 2013 and then built an empire around crypto trading.
Lesson: He took advantage of the cryptocurrency ecosystem and focused on complementary services.
5. Barry Silbert
Story: He founded Digital Currency Group, which invests in cryptocurrencies and related companies. He was one of the first institutional investors in Bitcoin.
Lesson: He adopted a long-term strategy and supported the expansion of the industry.
"🌟 Happy New Year, Kriptonita News community! 🌟 Thank you for joining us in this 2024 full of news and learning in the world of cryptocurrencies. May this 2025 bring us new opportunities, great projects, and above all, success in every investment. Let’s keep growing together! 🚀💎" #BtcNewHolder #FelizAñoNuevo
For people who do not know what Apenft is and how they have it in their wallet.
APENFT (NFT) is a token related to digital art and NFTs (non-fungible tokens). If you have it in your Binance account, it could be for the following reasons:
1. Binance Reward: Binance often distributes tokens as part of promotional events, airdrops, or loyalty programs. You might have received APENFT for free.
2. Direct Purchase or Exchange: Perhaps you purchased APENFT directly or exchanged it for another cryptocurrency without remembering.
3. Distribution for Holding TRX (Tron): If you ever had TRX (Tron) in your account, you might have received APENFT as an airdrop, as APENFT is based on the Tron network.
4. Staking or Earning Programs: You participated in staking or some program on Binance, and as a result, you were given APENFT as a reward.
For those who still do not know the times when the market is most active
The most important times to invest in cryptocurrencies are usually related to the moments of greatest activity in global markets, due to the overlap of time zones and the influence of traditional markets. Here is a general guide:
1. Overlap between Asian and European markets
Approximate time: 2:00 to 6:00 UTC
During this time, the markets of Asia (China, Japan, South Korea) and Europe are active, resulting in high volatility.
2. Overlap between European and American markets
Approximate time: 13:00 to 17:00 UTC
This is one of the most volatile windows of the day because both major markets are active at the same time.
3. Opening of the American market
Approximate time: 14:30 to 16:00 UTC
The opening of the American market has a significant impact on crypto prices, especially since many institutions operate during this time.
4. Night in Asian time
Approximate time: 23:00 to 2:00 UTC
This time is usually relevant for traders looking for initial movements after news from the Asian market.
Dreaming of being a millionaire is often related to the desire for freedom, security, and personal fulfillment. Here are some common reasons:
1. Financial Freedom: Having enough money allows people to choose how and where to live, work in what they are passionate about, or even stop working.
2. Security: Being a millionaire can offer peace of mind by eliminating worries about debts, basic expenses, or emergencies.
3. Lifestyle: Many people associate wealth with pleasurable experiences, such as traveling, owning properties, luxury cars, and enjoying comforts.
4. Social Recognition: In some cultures, being a millionaire is associated with success and respect, which fuels the desire to achieve that status.
5. Realization of Dreams: Having financial resources expands the possibilities of fulfilling personal goals, such as supporting charitable causes, undertaking large projects, or developing talents.
6. Influence and Power: Being a millionaire grants the ability to make decisions with significant impact on the lives of others or on society.
What do you think? Do you believe that money is essential to achieve a fulfilling life?
Yes, a cryptocurrency can "extinguish" or become irrelevant in the market. This can happen for several reasons:
1. Loss of user interest
If a cryptocurrency loses the backing of its community or fails to attract new users, its value can drop to insignificant levels.
2. Lack of development or innovation
Cryptocurrencies that do not evolve or offer competitive solutions against other technologies often become obsolete.
3. Technical issues
Bugs in the code, hacker attacks, or security problems can lead to a loss of trust and use.
4. Government regulations
Restrictions or bans imposed by governments can limit its adoption and make it unviable.
5. Competition
The cryptocurrency market is very competitive. If a project cannot differentiate itself or maintain its position against stronger alternatives, it may be abandoned.
6. Scams
Many cryptocurrencies created for fraudulent purposes end up being uncovered, causing them to disappear quickly.
In practical terms, a cryptocurrency can extinguish when its value falls to zero and is no longer used or traded, although technically its blockchain or code may continue to exist.
For people who don't yet understand when it comes to market capitalization
Market capitalization in cryptocurrencies is a way of measuring the total value of a cryptocurrency on the market. It is calculated by multiplying the current price of a coin by the total number of coins in existence.
For example, if a cryptocurrency costs $10 and there are 1 million coins in circulation, its market cap would be $10 million.
This helps investors understand how big or small a cryptocurrency is compared to others. A high market cap usually indicates that the coin is more stable (but not always safer), while a low market cap can mean higher risk and volatility.
Below is a table with the approximate prices of the main cryptocurrencies during Christmas in 2022 and 2023:
Note: The prices indicated are approximate and correspond to the dates close to Christmas in each year mentioned. Cryptocurrencies are highly volatile, and their values can fluctuate significantly in short periods. Merry Christmas 🎄 ! to everyone
For people who still don't know what red envelopes are.
Binance red envelopes are a fun and simple way to gift cryptocurrencies to others. They work like traditional red envelopes used in some cultures to give monetary gifts on special occasions, but in this case, it's in digital form with cryptocurrencies.
You choose how much you want to gift and in which cryptocurrency, and then Binance generates a link or a code that you can share with your friends or family. They just have to open the link to receive their part of the gift. The great thing is that you can split the amount into equal parts or randomly, which adds an element of surprise.
It's ideal for sharing on special occasions, like birthdays or holidays, or just to introduce someone to the crypto world in a fun way. #TopCoinsSeptember #SOBREROJOS #redbox
For those who still do not know how to differentiate between isolated and cross leverage.
Isolated leverage means that the money you use for a trade is limited to that particular trade. If something goes wrong and you lose, you only risk the amount you allocated to that specific trade. It's like having a separate compartment for each trade: what happens in one does not affect the others.
Cross leverage, on the other hand, uses all the available balance in your account to cover the losses of a trade. If the market moves against you, the system can take funds from your overall account to prevent the position from being liquidated. It's like having a single bag for all your trades: if something goes wrong, the entire bag may be at risk.
The key is risk control: isolated is safer if you want to limit losses, while cross gives you more flexibility, but also more risk. Is that clearer to you? #TopCoinsSeptember #apalancamiento
For those who don't yet know what the WOTD activity is
In Binance, WOTD stands for "Word of the Day". It is an educational and promotional activity designed to help users learn more about concepts related to cryptocurrencies, blockchain, and financial topics, while having the opportunity to earn rewards.
How does WOTD work on Binance?
1. Word of the Day: Binance publishes a word related to the crypto ecosystem.
2. Challenge: Users must search for information about that word, learn its meaning, and in some cases, answer related questions.
3. Rewards: By completing the challenge correctly, you can receive rewards such as cryptocurrencies, discount coupons on trading fees, or other bonuses.
Objective of WOTD
Promote education about cryptocurrencies and blockchain.
Encourage active participation of users on the platform.
Foster learning about key concepts of the decentralized financial ecosystem.
This type of activity is ideal if you are just starting in the crypto world or if you simply want to learn more while gaining additional benefits.
For those who don't know what it means when they talk about a Cryptocurrency burn
A cryptocurrency burn is like someone taking a portion of the existing coins and sending them to a place where they can never be recovered. Basically, those coins are taken out of circulation forever.
This is done by sending them to a special address (an inaccessible "wallet") that has no private keys, so no one can ever use them.
Why is this done?
1. Reduce supply: With fewer coins available, the remaining ones can increase in value (if demand stays the same or grows).
2. Increase the value of the coin: It's like creating scarcity, making each coin more valuable.
3. Fulfill project promises: Some projects promise to burn coins to benefit investors or maintain balance in the token economy.
Imagine you have 100 tickets to an event, but you decide to destroy 20 so that the other 80 are more exclusive and, in theory, more valuable. #TopCoinsSeptember #QuemaDeTokens
For people who still don't know what Japanese candles mean.
Japanese candles are a graphical way to represent how the price of something (like a cryptocurrency, stock, etc.) moves over a period of time. Each candle gives you four key pieces of information:
1. Open: The price at the beginning of the period.
2. Close: The price at the end of the period.
3. High: The highest price reached during that time.
4. Low: The lowest price reached.
The candle has two parts:
Body: The thick part. It represents the difference between the open and the close. If the close is higher than the open, the body is usually green (up). If the close is lower, it is usually red (down).
Wicks (or shadows): The thin lines above and below the body. They show how far the price reached (highs and lows).
In summary, a candle tells you how the price moved over a period, and by looking at them together, you can notice patterns that help you predict future movements. It's like reading the "mood" of the market! #TopCoinsSeptember #velasjaponesas.
For people who are still unclear about what P2P trading means
P2P trading (peer to peer) is simply a type of direct exchange between two people, without an intermediary or central company controlling the transaction. It's like when you buy something directly from someone, but through a platform that connects buyers and sellers, as happens with cryptocurrencies or online products.
For example, if I want to sell you something, the platform connects us, we agree on the price, and you pay me directly. The platform only ensures that the transaction is secure, but it doesn't keep your money or act as a bank. It's more flexible and often faster. #TopCoinsSeptember #P2P
For those who still don't know what copy trading is
Copy trading is a way to invest where you don't decide what to buy or sell, but rather automatically follow the trades of an experienced trader.
Basically, you choose someone who has good results in the market, connect your account to theirs, and when that person makes an investment, your money does the same automatically. If they win, you win; but if they lose, you can also lose. It's like "copying on an exam," but in the financial world.
It's ideal if you don't know much about investments, but there are always risks, because no one is right all the time. #TopCoinsSeptember #copytrading
For people who don't know what staking means In the crypto world, staking refers to a process where you "lock" or hold your cryptocurrencies in a blockchain network to help validate it and keep it secure. In return for this, you receive rewards, as if it were a kind of "interest" for participating. It is similar to putting money in a fixed term deposit, but instead of a bank, you do it directly in a decentralized network. The interest you receive would likely be in a crypto that has not yet been listed on the platform.
It is a way to generate passive income with your cryptos while supporting the operation of the network. #TopCoinsSeptember #staking