merieminess
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مهندسة معمارية
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Encrypted digital currencies have their own world, and so does blockchain technology, which attracts more and more companies day after day due to the advantages it offers and the costs it reduces.
Despite this, the crypto market is still considered a young market, and some advice must be taken into account, especially for newcomers, which serve as a reminder for old-timers.
The 12 most important tips for every beginner in the world of crypto and digital currencies:
1- Learn
The golden advice that tops the throne of 12 pieces of advice for every beginner in the world of crypto and digital currencies is the learning advice. There are many terms and concepts about blockchain technology and about cryptocurrencies, so it is very necessary.
2-Follow cryptocurrency news and some industry influencers.
3- Analyze the currency before investing in it.
4- Install the price monitoring application on your phone.
5- Using trading robots:
6-HODL advice, which means holding on to the currency when things go unplanned.
7- Chasing pumping and unloading operations.
8- Lack of diversification of the investment portfolio.
9- FOMO:
A common term in financial markets in general and in the crypto market in particular is to give in to fear and let emotions decide where you stand.
10- Do not use two-factor authentication.
11- Not responding to fraudulent messages.
12- Loss of private keys.
Despite this, the crypto market is still considered a young market, and some advice must be taken into account, especially for newcomers, which serve as a reminder for old-timers.
The 12 most important tips for every beginner in the world of crypto and digital currencies:
1- Learn
The golden advice that tops the throne of 12 pieces of advice for every beginner in the world of crypto and digital currencies is the learning advice. There are many terms and concepts about blockchain technology and about cryptocurrencies, so it is very necessary.
2-Follow cryptocurrency news and some industry influencers.
3- Analyze the currency before investing in it.
4- Install the price monitoring application on your phone.
5- Using trading robots:
6-HODL advice, which means holding on to the currency when things go unplanned.
7- Chasing pumping and unloading operations.
8- Lack of diversification of the investment portfolio.
9- FOMO:
A common term in financial markets in general and in the crypto market in particular is to give in to fear and let emotions decide where you stand.
10- Do not use two-factor authentication.
11- Not responding to fraudulent messages.
12- Loss of private keys.
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Week 2 Red Packet Quiz from the Binance Academy Product Guides 👇
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D) It limits the range of cryptocurrencies available for trading.
💬 What is the primary benefit of using Binance Convert over traditional trading?
A) It requires advanced trading knowledge to execute trades.
B) It provides complex trading strategies for experienced users.
C) It offers instant transactions without the need to navigate order books or set limits.
D) It limits the range of cryptocurrencies available for trading.
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