Interesting

What is the best strategy while investing in crypto?

- You always have to plan what works best for you. Never blindly follow anyone who says they will let you make 10000% returns. Understand that if they can get those returns why would anyone be posting articles or videos for ad revenue?
- Typically I plan with 20-30% in stablecoins and BTC/ETH, some in CEX tokens such as BNB, KCS etc(so that you get a discounted fee and also get Launchpad/launchpool rewards), some in DEX tokens(to offset any potential regulations on centralised exchanges), some in oracles, some in DeFi tokens, very little in “TO THE MOON” tokens, some high staking rewards tokens etc
- I didn’t make huge money in crypto even though I have been in it for almost 2.5 years. I entered at the peak of bull run and had to endure a significant loss during LUNA and FTX crashes. Yet I’m still close to breakeven just before entering the bull run.
- How did I cover my losses? 2 major things
— always average your token only after the price drops more than 40-50% (assuming you know your project is a good one)
— never get too attached to any project (basically sell when you realise something is off. Surprisingly intuition works very well at times)
— always keep staking your assets (whether it’s directly on exchanges or by providing to validators)
— instead of investing in memecoins, look for tokens pushed by players who know how to play the game. For example, Injective is pushed a lot by Mark Cuban.
— don’t keep switching your tokens frequently. Many a times people keep selling their assets to buy already high priced assets. Remember there will always be another token that you can invest into
— last but not least don’t be too greedy. Book a portion of profits if not all when you start making good returns.

#Write2Earn #DYOR🟢 #learn

How to not get scammed as a beginner! The first thing many beginners do in crypto is get scammed or duped by scammers without understanding how the ecosystem works. Things to remember as a beginner
- Never trust anyone who messages you on telegram saying they are from support
- Never share your keys with anyone! ANYONE
- Never join any uncertified groups. Always join the telegram groups that are linked from the official website
- Never trust a project that talks about giving 100x or 1000x returns on their webpage and very little or nothing about the project itself
- Never trust a project which does not publish its white paper
- Never put all your eggs in one basket. Distribute your investment by diversifying
- Never do trading. Beginners (I would say even expert investors) should stay away from leverage trading. Big players always know how to beat the market. So don’t think that you are smarter than the big players and end up losing everything by doing leveraged trading

#Write2Earn #DYOR🟢 #dontgetfooled

#BuyTheDip

One thing common to stock market and crypto markets is that, weak hands are the ones to always lose the money. Everyone anticipated the ETF to just drive the price up parabolically, but that never happened.

These asset management companies are really smart. They makes sure they make moves against the market than with it to make sure retailers and people with limited experience who trade just give their money.

Even now all the GBTC is being moved to BTC ETF while most of the weak hands are panicking at the 20% drop. Always HODL STAKE and most important of all WAIT! The best thing you can do on Binance is stake and auto subscribe and wait till the bull run starts.

#NotFinancialAdvice #DYOR🟢

#MyFirstFeedPost Hello, Binance Square!

How to compound using BNB. One of the strategies that makes constant buildup of long term portfolio is using the Binance Launchpool and Launchpad options. I used to keep staking BNB and keep getting launchpool and Launchpad rewards. One of the best things I kept doing was selling those rewards to re acquire more BNB. Since the price of BNB is still lagging the bull run of the remaining market (might be because of the FUD wrt DOJ case), I think this is a high time to invest in BNB both from a VFM and returns perspective.

You get both staking rewards and launchpool rewards now and you do not have to take BNB out of stake. So it is a win win situation.

#BNB #Launchpool #dyor #hodl