I'm no expert, but I'm not panicking.

My secret: the money I invested in crypto is not money I need. ..

Don't make the mistake of selling your car, your house, or even your wife or one of your kidneys to invest.

Be patient, if it doesn't pay off this cycle, it will pay off in the next one.

And above all, don't lose all your hair because you record 20-30% loss, it's 'normal' in crypto

Take care of yourself.

Part 2 of advice for beginners (see my profile for part 1)

How to make money:

1-ALWAYS FOLLOW THE TREND
Don't try to go against the flow, you will be fooled in 90% of cases.

2-how to read the trend?
Use the chart tools on the temporality depending on the period over which you invest, if you invest in the long term look at the chart over several months and try to spot the moment when the coin is increasing (there are generally cycles which occur). repeat) to enter it just before and be patient.
If it is over a short period of time, look at the price variations from one hour to the next and try to enter the market when there is a significant drop and exit quickly enough as soon as there is an increase. You will make small gains but if you do it several times in a day..

3-be careful with articles that predict increases all the time.

There are a large number of bots and more or less villainous people who do not hesitate to copy posts from other websites or analysts. Either to influence the most gullible in order to try to inflate a loss because they came back too late and be able to make up for their loss. Others it's simply to unlock the 'tip' button and beg on Binance.

4-Be patient

It very often happens that an investment loses money after a few hours or sometimes a day. This is why it is important to do even a basic trend analysis before getting started.

5-before investing in a coin, take a look at what the web says

Twitter, X, coinmarketcap and other sites allow you to see the look, shape and enthusiasm around a crypto. This is the basis, especially if you are investing a large sum.

6-Beware of all these ads, blogs or sites that promise you quick and consistent gains, it is always a scam and you will lose a lot of money before discovering that there is something wrong.

Take care of yourself.

$Advice for beginners. Part 1

*I am not a trader but rather a crypto enthusiast. I've learned a few things since I started and I'm going to share them with you.

1- the money you invest is not the money you need.
And it's not your savings put aside for years either.

2- get interested before taking the plunge, read articles on the good things to know or do in crypto, in short or long term trading. Finally, Read my post!

3- there is a small info button at the top left when you choose a pair in the market menu.
Very useful information:

Market capitalization: the total amount in currency (euro yuan dollars) of liquidity contained in the chosen pair at time T.
>this will allow you to determine if the part is viable. You must multiply the price of the coin by the total number of coins held by the public and those circulating in the market.

Fully diluted capitalization: this is the market capitalization + the total amount of all sales and purchase orders in progress.
>this one will be used to see if people are making trades on it, the higher it is in relation to the market capitalization the better!

Maximum bid: this is the total amount of coins. Generally expressed in millions or billion.
Between 60 and 150 million is good, but some places like #doge or #ethereum have an infinite supply.

Maximum supply provided: This is the total amount of tokens that Binance holds.
> it is better that they are entirely owned by binance. This also allows you to detect scams if you ever use a Defi or a DEX. What you don't want to see is that the token is held by an unknown wallet. We want to see it on recognized exchange platforms, Binance, Uniswap, Bybit, Pancakeswap.

And so on, otherwise I'll write for an hour.

Ah I have more space...
Well, next week for the rest.
Take care of yourself.

How to recognize a scam.

1- promises of gains, often quite significant and over relatively short periods.

2- when you are asked to come and talk about it on encrypted messaging such as WhatsApp, Telegram, Signal, and even Facebook, tell yourself that the person does not want you to know their identity.

3- don’t dream! No one is going to work for you and make your 1000 $ or your 0.0034 btc grow without there being 'an eel in the rock'.

I say this because a good friend got scammed out of around 6000 $ which he transmitted via binance into btc. He followed a Facebook ad which brought him into contact with scammers who promised him quick and substantial gains...

The scammers sent him a fake USD token that had no value to make him believe he was making profits.

It was when he wanted to recover his winnings that he realized that it was a scam, the scammers were asking him to pay a commission so that he could receive his money.

Incidentally, these types of scammers do not hesitate to use recognized apps; binance, etoro, exodus wallet.

They go so far as to create fake applications and websites, as well as worthless tokens.

If you've been fooled, it's too late. All that remains to do is secure your codes by changing them and report the scam by any means at your disposal.

Pay attention, find out, ask for records, demand receipts, do research for yourself.

And above all, take care of yourself.
#arnaque #scam