You can buy cryptocurrency on exchanges: centralized (CEX) or decentralized (DEX).
CEX exchanges are managed by organizations that oversee all operations and provide maintenance and security. User tokens are stored in exchange wallets. There is a commission for trading. When registering, you need to confirm your phone number and email. To work, as a rule, you need to undergo KYC/verification: confirm your identity using a passport/international passport/driver’s license. Many of these exchanges provide the opportunity to buy tokens for fiat (rubles).
DEX exchanges work differently. Coins are exchanged for them without intermediaries. A commission is charged for the exchange. There is no need to register here; to use it you need to connect your wallet (click connect wallet and enter the wallet password). Coins will be transferred from wallet to wallet. For each transaction, the wallet will request permission to confirm the operation. DEX is more difficult to use.
CEX exchanges are managed by organizations that oversee all operations and provide maintenance and security. User tokens are stored in exchange wallets. There is a commission for trading. When registering, you need to confirm your phone number and email. To work, as a rule, you need to undergo KYC/verification: confirm your identity using a passport/international passport/driver’s license. Many of these exchanges provide the opportunity to buy tokens for fiat (rubles).
DEX exchanges work differently. Coins are exchanged for them without intermediaries. A commission is charged for the exchange. There is no need to register here; to use it you need to connect your wallet (click connect wallet and enter the wallet password). Coins will be transferred from wallet to wallet. For each transaction, the wallet will request permission to confirm the operation. DEX is more difficult to use.
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The average profit of crypto investors in 2023 was $800.
CoinLedger analysts compared about 500,000 market participants from the United States, Australia, Canada, and other countries. They found that, on average, cryptocurrency investors made $888 per person in 2023, which is amazing since investors lost $7,102 in 2022, taking into account the collapse of FTX, of course. If FTX hadn’t, the losses would have been lower.
The report reveals that the most unpopular cryptocurrency was Ether (ETH). Crypto investors got rid of it most often. Solana (SOL), Bitcoin (BTC), BNB, and Polygon (MATIC) were also in the top five.
And Bitcoin is the least frequently sold.
Also, analysts named Coinbase the most popular CEX by number of transactions in 2023, but in reality, this is probably not true because most of the respondents live in the United States, where Coinbase is the leader.
CoinLedger analysts compared about 500,000 market participants from the United States, Australia, Canada, and other countries. They found that, on average, cryptocurrency investors made $888 per person in 2023, which is amazing since investors lost $7,102 in 2022, taking into account the collapse of FTX, of course. If FTX hadn’t, the losses would have been lower.
The report reveals that the most unpopular cryptocurrency was Ether (ETH). Crypto investors got rid of it most often. Solana (SOL), Bitcoin (BTC), BNB, and Polygon (MATIC) were also in the top five.
And Bitcoin is the least frequently sold.
Also, analysts named Coinbase the most popular CEX by number of transactions in 2023, but in reality, this is probably not true because most of the respondents live in the United States, where Coinbase is the leader.
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Top Cryptocurrencies to Watch in 2024! 🚀
Are you ready to dive into the world of cryptocurrencies? Here’s a snapshot of the most promising cryptos to consider for the upcoming year:
1. EarthMeta (EMT) – Tap into an AI-driven metaverse platform.
2. Ethereum (ETH) – The pioneer of smart contract technology.
3. Solana (SOL) – Known for its speed and low transaction costs.
4. XRP (Ripple) – Optimizing global payments.
5. Dogecoin (DOGE) – The famous meme coin with a robust community.
6. Toncoin (TON) – Powering high-capacity operations on Telegram’s blockchain.
7. Cardano (ADA) – A platform celebrated for its security and scalability.
8. Shiba Inu (SHIB) – Another beloved meme coin driven by a vibrant community.
9. Avalanche (AVAX) – Ideal for developers of high-throughput apps.
10. ChainLink (LINK) – Connects smart contracts with real-world data.
11. Tron (TRX) – A hub for digital entertainment content.
Are you ready to dive into the world of cryptocurrencies? Here’s a snapshot of the most promising cryptos to consider for the upcoming year:
1. EarthMeta (EMT) – Tap into an AI-driven metaverse platform.
2. Ethereum (ETH) – The pioneer of smart contract technology.
3. Solana (SOL) – Known for its speed and low transaction costs.
4. XRP (Ripple) – Optimizing global payments.
5. Dogecoin (DOGE) – The famous meme coin with a robust community.
6. Toncoin (TON) – Powering high-capacity operations on Telegram’s blockchain.
7. Cardano (ADA) – A platform celebrated for its security and scalability.
8. Shiba Inu (SHIB) – Another beloved meme coin driven by a vibrant community.
9. Avalanche (AVAX) – Ideal for developers of high-throughput apps.
10. ChainLink (LINK) – Connects smart contracts with real-world data.
11. Tron (TRX) – A hub for digital entertainment content.
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Famous personalities who are waiting for Bitcoin at $500,000.
Today, let’s recharge our good spirits and meet influential experts who are serious about seeing BTC hit over half a million dollars.
▪️ ARK Invest CEO Cathie Wood
Well-known and influential in the financial world, Cathie Wood gives perhaps the most optimistic prediction on the future of the biggest cryptocurrency. She believes the price of Bitcoin could soar to $1.5 million by 2030 following the approval of a spot Bitcoin ETF.
▪️ Aurélien Ohayon, CEO of XOR Strategy
He believes Bitcoin could rise to $100,000 in early 2025 and later reach $500,000.
▪️ Popular crypto trader Stockmoney Lizards
They believe that Bitcoin could rise to $280,000 in 2025, after which a correction will ensue.
Yes, there are indeed quite a few optimistic predictions in the market!
But please do not forget that there are also plenty of pessimists who do not share such a bright future for Bitcoin.
So, always think with a cool head and make informed decisions.
Today, let’s recharge our good spirits and meet influential experts who are serious about seeing BTC hit over half a million dollars.
▪️ ARK Invest CEO Cathie Wood
Well-known and influential in the financial world, Cathie Wood gives perhaps the most optimistic prediction on the future of the biggest cryptocurrency. She believes the price of Bitcoin could soar to $1.5 million by 2030 following the approval of a spot Bitcoin ETF.
▪️ Aurélien Ohayon, CEO of XOR Strategy
He believes Bitcoin could rise to $100,000 in early 2025 and later reach $500,000.
▪️ Popular crypto trader Stockmoney Lizards
They believe that Bitcoin could rise to $280,000 in 2025, after which a correction will ensue.
Yes, there are indeed quite a few optimistic predictions in the market!
But please do not forget that there are also plenty of pessimists who do not share such a bright future for Bitcoin.
So, always think with a cool head and make informed decisions.
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Trading Tip of The Day
A Rising Market Benefits Almost Everyone, But Only Temporarily;
It Eventually Exposes Those Who Aren't Prepared For Pullbacks Or Bear Markets.
It Eventually Exposes Those Who Aren't Prepared For Pullbacks Or Bear Markets.
Upcoming key events for the markets:
12 June, 2024, 12:30 UTC — Inflation Rate
12 June, 2024, 18:00 UTC — Fed Interest Rate Decision
12 June, 2024, 18:30 UTC — Fed Press Conference
Get ready for increased volatility
12 June, 2024, 12:30 UTC — Inflation Rate
12 June, 2024, 18:00 UTC — Fed Interest Rate Decision
12 June, 2024, 18:30 UTC — Fed Press Conference
Get ready for increased volatility
How cryptocurrency make people rich
#part 2
4. Freelancing and accepting cryptocurrency payments: If you possess valuable skills, you can offer freelance services and accept cryptocurrency as payment. Websites like Cryptogrind, Bitwage, and XBTFreelancer specialize in cryptocurrency-related freelance opportunities.
5. Become a content creator or influencer: Start a blog, YouTube channel, or social media profiles focused on cryptocurrencies. By creating valuable content and attracting an audience, you can monetize your platform through advertising, sponsored content, or affiliate marketing.
6. Participate in bounty programs: Many cryptocurrency projects offer bounty programs to incentivize community participation. Bounties can involve tasks like bug reporting, content creation, social media promotion, or translation work. In return for your contributions, you may receive tokens or rewards.
#part 2
4. Freelancing and accepting cryptocurrency payments: If you possess valuable skills, you can offer freelance services and accept cryptocurrency as payment. Websites like Cryptogrind, Bitwage, and XBTFreelancer specialize in cryptocurrency-related freelance opportunities.
5. Become a content creator or influencer: Start a blog, YouTube channel, or social media profiles focused on cryptocurrencies. By creating valuable content and attracting an audience, you can monetize your platform through advertising, sponsored content, or affiliate marketing.
6. Participate in bounty programs: Many cryptocurrency projects offer bounty programs to incentivize community participation. Bounties can involve tasks like bug reporting, content creation, social media promotion, or translation work. In return for your contributions, you may receive tokens or rewards.
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Bulls and bears of the crypto market, what are they?
Bulls - traders profiting from the growth of price, confident that the market will go up.
Bears - traders sure that the market is falling and selling their assets.
Bull and bear markets.
The market is considered to be a bull one, if there are more buyers than sellers.
Market participants "throw" the price upwards with their purchases, like a bull throws its prey with horns.
A bear market means that sellers outnumber buyers, pushing the price down as if a bear were pinning its prey to the ground.
Bulls - traders profiting from the growth of price, confident that the market will go up.
Bears - traders sure that the market is falling and selling their assets.
Bull and bear markets.
The market is considered to be a bull one, if there are more buyers than sellers.
Market participants "throw" the price upwards with their purchases, like a bull throws its prey with horns.
A bear market means that sellers outnumber buyers, pushing the price down as if a bear were pinning its prey to the ground.
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Why don’t my funds get deposited?
A widespread problem for beginners: They transfer funds from one wallet to another, but the coins don’t get deposited.
Why?
There are 3 main reasons:
1. The processing speeds of blockchains. Sometimes, blockchains are slow, and transactions take longer than usual. For example, in Ethereum, transactions can sometimes last for hours.
2. Invalid network or address: You could have made a mistake when choosing the network. For example, if you transfer your USDT from the Tron network to the BNB Smart Chain network, the transaction will not pass. Make sure the network and address match.
3. A memo is not specified: Some blockchains require specifying a memo when sending transactions. A memo is a “comment” on a transaction. If necessary, the exchange will warn you what memo you should specify, so read the instructions carefully.
And one more general tip: If you’re making a transaction for the first time, make a test transfer by sending the minimum amount — e.g., 1 USDT. If it’s successful, it’s safe to send whatever amount you want to that address.
Don’t forget that, in the crypto world, it’s often impossible to return money lost or sent to a wrong address.
A widespread problem for beginners: They transfer funds from one wallet to another, but the coins don’t get deposited.
Why?
There are 3 main reasons:
1. The processing speeds of blockchains. Sometimes, blockchains are slow, and transactions take longer than usual. For example, in Ethereum, transactions can sometimes last for hours.
2. Invalid network or address: You could have made a mistake when choosing the network. For example, if you transfer your USDT from the Tron network to the BNB Smart Chain network, the transaction will not pass. Make sure the network and address match.
3. A memo is not specified: Some blockchains require specifying a memo when sending transactions. A memo is a “comment” on a transaction. If necessary, the exchange will warn you what memo you should specify, so read the instructions carefully.
And one more general tip: If you’re making a transaction for the first time, make a test transfer by sending the minimum amount — e.g., 1 USDT. If it’s successful, it’s safe to send whatever amount you want to that address.
Don’t forget that, in the crypto world, it’s often impossible to return money lost or sent to a wrong address.
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Bitcoin and Ethereum Are Cooling Off—But Gaming Token Prices Are Down Bad
Some legit ways to earn money with cryptocurrency by Crypto Trends
1. Trading: Buying and selling cryptocurrencies on exchanges can be a way to earn money through price fluctuations. However, it's important to note that cryptocurrency trading carries a high level of risk and requires a deep understanding of market trends and analysis.
2. Investing: Long-term investment in cryptocurrencies can potentially yield profits if the value of the assets increases over time. Many people buy and hold cryptocurrencies as a form of investment, similar to investing in stocks or other assets.
3. Mining: Cryptocurrency mining involves using computer hardware to solve complex mathematical problems that validate transactions on the blockchain. Miners are rewarded with newly created coins as well as transaction fees. However, mining can be capital intensive and may not be profitable for everyone due to the high energy and equipment costs.
4. Staking: Some cryptocurrencies use a consensus mechanism called proof of stake, where users can "stake" their coins to help validate transactions and secure the network. In return, they receive rewards in the form of additional coins.
5. Participating in Airdrops and Bounty Programs: Some cryptocurrency projects distribute free tokens through airdrops or offer bounties for completing certain tasks such as marketing, bug reporting, or community engagement.
6. Providing Liquidity: Participating in liquidity pools on decentralized finance (DeFi) platforms can allow you to earn interest or fees by providing liquidity for trading pairs.
7. Earning Interest: Some platforms and services allow users to earn interest on their cryptocurrency holdings by lending them out to borrowers or participating in decentralized finance protocols.
8. Freelancing and Gig Work: Some platforms pay freelancers and gig workers in cryptocurrency for tasks such as writing, coding, graphic design, and more.
It's important to approach any form of cryptocurrency-related income with caution and to thoroughly research and understand the risks involved. Additionally, ensure compliance with relevant tax regulations and seek professional advice if needed.
1. Trading: Buying and selling cryptocurrencies on exchanges can be a way to earn money through price fluctuations. However, it's important to note that cryptocurrency trading carries a high level of risk and requires a deep understanding of market trends and analysis.
2. Investing: Long-term investment in cryptocurrencies can potentially yield profits if the value of the assets increases over time. Many people buy and hold cryptocurrencies as a form of investment, similar to investing in stocks or other assets.
3. Mining: Cryptocurrency mining involves using computer hardware to solve complex mathematical problems that validate transactions on the blockchain. Miners are rewarded with newly created coins as well as transaction fees. However, mining can be capital intensive and may not be profitable for everyone due to the high energy and equipment costs.
4. Staking: Some cryptocurrencies use a consensus mechanism called proof of stake, where users can "stake" their coins to help validate transactions and secure the network. In return, they receive rewards in the form of additional coins.
5. Participating in Airdrops and Bounty Programs: Some cryptocurrency projects distribute free tokens through airdrops or offer bounties for completing certain tasks such as marketing, bug reporting, or community engagement.
6. Providing Liquidity: Participating in liquidity pools on decentralized finance (DeFi) platforms can allow you to earn interest or fees by providing liquidity for trading pairs.
7. Earning Interest: Some platforms and services allow users to earn interest on their cryptocurrency holdings by lending them out to borrowers or participating in decentralized finance protocols.
8. Freelancing and Gig Work: Some platforms pay freelancers and gig workers in cryptocurrency for tasks such as writing, coding, graphic design, and more.
It's important to approach any form of cryptocurrency-related income with caution and to thoroughly research and understand the risks involved. Additionally, ensure compliance with relevant tax regulations and seek professional advice if needed.
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JUST IN: 🇺🇸 Donald Trump says he will "end Joe Biden's war on crypto, and ensure that the future of crypto and the future of Bitcoin will be made in America."
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✅7 laws of money
1. Law of choice.
Its essence is simple: each person himself chooses whether to be rich or not. We create hundreds of beliefs with which we limit ourselves - we do not believe in our abilities or in the opportunities that surround us, although we consider ourselves smart enough.
2. The law of capital.
We're not talking about money here. True capital is your ability to earn money. The amount you receive today is a measure of how much you have developed the ability to earn money. Increase your personal value, develop your abilities and skills. Strive not to work harder, but BETTER. The best investment is an investment in yourself.
3. The law of perspective.
When making financial decisions, plan your steps ahead. In other words, when starting a new business or project, it is foolish to count on quick profits. Even if your income is small now, but if in the future your business can increase it tens or even hundreds of times, be patient and follow the plan. Rich people always look to the future.
4. Law of savings.
You should always save 10% of your income. At first glance, it may seem that this is too much, and there are different situations in life - debts, unexpected large expenses, too little income, etc. If 10% is too much for you, start with at least 1%. Then, after a certain time, start saving 2 or 3% and gradually increase it to 10%. This money is your financial reserve, which will allow you to feel relatively safe.
5. Law of investment.
One of the most important monetary laws. Never be in a hurry to part with your money and, before investing, carefully study the business in which you are going to invest your hard-earned money. Money is, in a sense, part of your life, because you spent a certain amount of time earning it. So is it worth it to be careless about the results of your labor?
Always ask yourself: what would happen if you lost everything you were going to invest? If this loss will be painful for you, then it is wiser to refuse such an investment, because it is better to keep what you have than to lose what you have acquired.
6. Law of conservation.
The strength of your financial future is determined not by how much money you earn, but by how much of what you earn is left over. The 10% you save doesn’t count.
7. Law of analysis.
Set aside regular time to review your financial situation. And this should be done not once a year, but at least once a week. Think about how to manage your own money more wisely. The more time you spend thinking about your finances, the more thoughtful and smart your decisions will be.
1. Law of choice.
Its essence is simple: each person himself chooses whether to be rich or not. We create hundreds of beliefs with which we limit ourselves - we do not believe in our abilities or in the opportunities that surround us, although we consider ourselves smart enough.
2. The law of capital.
We're not talking about money here. True capital is your ability to earn money. The amount you receive today is a measure of how much you have developed the ability to earn money. Increase your personal value, develop your abilities and skills. Strive not to work harder, but BETTER. The best investment is an investment in yourself.
3. The law of perspective.
When making financial decisions, plan your steps ahead. In other words, when starting a new business or project, it is foolish to count on quick profits. Even if your income is small now, but if in the future your business can increase it tens or even hundreds of times, be patient and follow the plan. Rich people always look to the future.
4. Law of savings.
You should always save 10% of your income. At first glance, it may seem that this is too much, and there are different situations in life - debts, unexpected large expenses, too little income, etc. If 10% is too much for you, start with at least 1%. Then, after a certain time, start saving 2 or 3% and gradually increase it to 10%. This money is your financial reserve, which will allow you to feel relatively safe.
5. Law of investment.
One of the most important monetary laws. Never be in a hurry to part with your money and, before investing, carefully study the business in which you are going to invest your hard-earned money. Money is, in a sense, part of your life, because you spent a certain amount of time earning it. So is it worth it to be careless about the results of your labor?
Always ask yourself: what would happen if you lost everything you were going to invest? If this loss will be painful for you, then it is wiser to refuse such an investment, because it is better to keep what you have than to lose what you have acquired.
6. Law of conservation.
The strength of your financial future is determined not by how much money you earn, but by how much of what you earn is left over. The 10% you save doesn’t count.
7. Law of analysis.
Set aside regular time to review your financial situation. And this should be done not once a year, but at least once a week. Think about how to manage your own money more wisely. The more time you spend thinking about your finances, the more thoughtful and smart your decisions will be.
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Structured Approach to analyse crypto trends
1. Market Research: Stay updated with news, developments, and announcements related to cryptocurrencies. Follow reputable sources and industry experts to understand broader market sentiment.
2. Technical Analysis: Use charts and technical indicators to analyze price movements, trends, and trading volumes. Common indicators include Moving Averages (MA), Relative Strength Index (RSI), and Bollinger Bands.
3. Fundamental Analysis: Evaluate the underlying technology, use case, team, partnerships, and community support of the cryptocurrency. This analysis helps determine long-term viability and potential growth.
4. Market Sentiment Analysis: Monitor social media platforms, forums, and crypto-specific communities to gauge sentiment. Tools like sentiment analysis algorithms can provide insights into public perception.
5. Macro Trends and Events: Consider broader economic factors, regulatory developments, and geopolitical events that could impact the cryptocurrency market.
6. Quantitative Metrics: Assess on-chain metrics such as transaction volume, active addresses, network hash rate (for proof-of-work coins), and staking participation (for proof-of-stake coins). These metrics provide insights into network activity and user engagement.
7. Comparative Analysis: Compare the cryptocurrency against its peers and competitors in terms of market capitalization, adoption rate, technological advancements, and community support.
8. Risk Management: Implement risk management strategies such as setting stop-loss orders, diversifying your portfolio, and avoiding emotional trading decisions.
9. Long-Term vs. Short-Term Analysis: Determine whether you are analyzing trends for short-term trading opportunities or long-term investment strategies. Different approaches may require different sets of analysis.
10. Stay Informed and Adapt: Cryptocurrency markets are highly volatile and dynamic. Continuously update your analysis based on new information and adapt your strategies accordingly.
Join for more: https://news.1rj.ru/str/Bitcoin_Crypto_Web
ENJOY LEARNING 👍👍
1. Market Research: Stay updated with news, developments, and announcements related to cryptocurrencies. Follow reputable sources and industry experts to understand broader market sentiment.
2. Technical Analysis: Use charts and technical indicators to analyze price movements, trends, and trading volumes. Common indicators include Moving Averages (MA), Relative Strength Index (RSI), and Bollinger Bands.
3. Fundamental Analysis: Evaluate the underlying technology, use case, team, partnerships, and community support of the cryptocurrency. This analysis helps determine long-term viability and potential growth.
4. Market Sentiment Analysis: Monitor social media platforms, forums, and crypto-specific communities to gauge sentiment. Tools like sentiment analysis algorithms can provide insights into public perception.
5. Macro Trends and Events: Consider broader economic factors, regulatory developments, and geopolitical events that could impact the cryptocurrency market.
6. Quantitative Metrics: Assess on-chain metrics such as transaction volume, active addresses, network hash rate (for proof-of-work coins), and staking participation (for proof-of-stake coins). These metrics provide insights into network activity and user engagement.
7. Comparative Analysis: Compare the cryptocurrency against its peers and competitors in terms of market capitalization, adoption rate, technological advancements, and community support.
8. Risk Management: Implement risk management strategies such as setting stop-loss orders, diversifying your portfolio, and avoiding emotional trading decisions.
9. Long-Term vs. Short-Term Analysis: Determine whether you are analyzing trends for short-term trading opportunities or long-term investment strategies. Different approaches may require different sets of analysis.
10. Stay Informed and Adapt: Cryptocurrency markets are highly volatile and dynamic. Continuously update your analysis based on new information and adapt your strategies accordingly.
Join for more: https://news.1rj.ru/str/Bitcoin_Crypto_Web
ENJOY LEARNING 👍👍
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How to Grow Your Portfolio Without Chasing 100x Returns:
Lately, the crypto market has been abuzz with talk of “finding the next 100x memecoins.” But before you join this frenzy, it is essential to take a step back and consider a more pragmatic strategy.
While it's not impossible to find the next 100x coin, focusing solely on that could be a financial disaster. It is like searching for a needle in a haystack. Sometimes you might get lucky, but more often than not, you may end up losing your money.
What you should do instead is focus on creating a more diversified portfolio with high-quality assets that have strong fundamentals — Invest responsibly by DYOR and always diversifying your investments.
With over 13,000 cryptocurrencies, your chances of stumbling upon the next “100x hidden gem” are slim to none.
Lately, the crypto market has been abuzz with talk of “finding the next 100x memecoins.” But before you join this frenzy, it is essential to take a step back and consider a more pragmatic strategy.
While it's not impossible to find the next 100x coin, focusing solely on that could be a financial disaster. It is like searching for a needle in a haystack. Sometimes you might get lucky, but more often than not, you may end up losing your money.
What you should do instead is focus on creating a more diversified portfolio with high-quality assets that have strong fundamentals — Invest responsibly by DYOR and always diversifying your investments.
With over 13,000 cryptocurrencies, your chances of stumbling upon the next “100x hidden gem” are slim to none.