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.

📊 Market Overview:

BTC : $59995
ETH : $2312.56
BNB : $542.19
SOL : $129.91

⚡ Dominance :

BTC : 54.91 %
ETH : 12.88 %
Stables : 7.16 %

📈 Market Cap :

Total : 2.15T
DeFi : 63.82B
24hr Vol : 93.2B

How to Transfer Cryptocurrency

Log into your cryptocurrency wallet
Open your wallet app or web interface and log in.

Go to the send function
Find the "Send" section in your wallet.

Enter the recipient's address
Paste the recipient's wallet address. Ensure it's correct to avoid loss of funds.

Specify the amount
Enter the amount of cryptocurrency you want to send. Ensure you have enough funds, including the network fee.

Confirm the transaction
Verify all details (address, amount, fee) and confirm the transaction. Use your password or two-factor authentication if applicable.

Track the transaction
After sending, track the status using the transaction ID (TxID) in a blockchain explorer.

📊 Market Overview:

BTC : $63416
ETH : $2553.47
BNB : $572.14
SOL : $150.46

⚡ Dominance :

BTC : 54.36 %
ETH : 13.34 %
Stables : 6.70 %

📈 Market Cap :

Total : 2.31T
DeFi : 70.12B
24hr Vol : 109.9B

📊 Market Overview:

BTC : $63164
ETH : $2560.98
BNB : $582.64
SOL : $147.35

⚡ Dominance :

BTC : 54.25 %
ETH : 13.38 %
Stables : 6.75 %

📈 Market Cap :

Total : 2.3T
DeFi : 70.11B
24hr Vol : 71.81B

Five tips to secure your crypto

1. Protect your seed phrase

Your seed phrase unlocks your wallet. Keep it offline and avoid storing it digitally. Write it down and keep it in a safe place. For added security, break it into parts and store them separately.

2. Beware of fake social media accounts

Scammers impersonate influencers or exchanges. Verify profiles by checking for verification badges, scrutinizing usernames, and reviewing post history. Platform with the highest number of impersonators - X (Twitter).

3. Avoid public WiFi

Public WiFi is vulnerable to cyber attacks. Refrain from accessing your crypto wallet or making transactions when connected to unsecured networks.

4. Beware of fake livestreams

Scammers use stolen content to promote fake crypto giveaways. Verify the legitimacy of channels and be skeptical of offers that seem too good to be true.

5. Stay vigilant against deepfakes

AI-generated deepfakes can impersonate real people. Look for inconsistencies in video and audio, and be wary of unsolicited messages urging immediate action. Deepfakes of famous people on YouTube are common scams.

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Five rules to become a profitable trader 💸

• Establish a risk level you're comfortable with. If losing all your trading capital will be a disaster, it means your stakes are too high, cut it 😟

• Master the art of doing nothing. Sometimes, the smartest traders are the ones who stay on the sidelines, analyzing the market and waiting for the perfect setup instead of forcing trades.

• Set realistic, achievable goals. While everyone dreams of hitting that one jackpot trade, focusing on steady, smaller gains is much more reliable 🗓

• Stick to what you understand. Rather than chasing hype, focus on assets you know well — ones where you understand the market dynamics and can anticipate price movements.

• Utilize Stop Loss and Take Profit. Setting limits on your trades will help you avoid emotional decisions, ensuring you lock in profits and minimize losses without hesitation 🕯

#tradingtips

📊 Weak vs Strong Patterns Explained

Weak: Green closes below half of red – weak reversal.

Standard: Green closes above half of red – moderate strength.

Strong: Green closes above red's open – strong bullish signal.

Use this for better trade entries!

📊 Market Overview:

BTC : $63447
ETH : $2633.61
BNB : $603.63
SOL : $147.22

⚡ Dominance :

BTC : 53.81 %
ETH : 13.61 %
Stables : 6.66 %

📈 Market Cap :

Total : 2.33T
DeFi : 72.31B
24hr Vol : 85.57B

What is a memecoin?

Memes are an internet culture phenomenon that has become a staple of expressing humorous takes on various topics and issues. A memecoin, however, is a cryptocurrency born out of a joke and gains value strictly from people jumping on the online bandwagon.

One of the most famous—if not the most famous—memecoins is Dogecoin (DOGE), which was created as an homage to the famous “Doge” meme depicting a Shiba Inu dog. Fast forward a few years after its creation, and the memecoin has reached legendary status, beloved by even Elon Musk.

Why do people invest in memecoins?

People mainly invest in memecoins to be a part of a community and for entertainment purposes. But memecoin prices often pump while riding massive waves of hype. So, it’s important to understand that memecoins are especially volatile, and investing in these kinds of cryptocurrencies carries risks!

The creators behind memecoins are usually looking to have some good ol’ fun on the internet with their supporters (unlike shitcoin creators). However, as mentioned above, memecoin prices are never stable and can crash without a moment’s notice, leaving investors holding the bag.

The best way to interact with memecoins is to sit back, kick your feet up, and watch the drama unfold from the sidelines.

🌐 Beginner's Guide to Cryptocurrency

🔹 What is Cryptocurrency?
A digital or virtual currency secured by cryptography, enabling secure, peer-to-peer transactions without relying on banks.

🔹 Blockchain Basics
Cryptocurrency transactions are recorded on a blockchain, a decentralized ledger ensuring transparency and security.

🔹 Types of Blockchains
1. Public: Open to everyone (e.g., Bitcoin).
2. Private: Restricted access.
3. Hybrid: Combines public and private features.
4. Consortium: Controlled by a group of organizations.

🔹 Buying Crypto
Use trusted exchanges like Coinbase, Binance, and Gemini.

🔹 Crypto Wallets
Essential for storing crypto securely. Options include Phantom, MetaMask, and Ledger.

5 steps to analyze any token

Mostly, investors lose in the crypto market because of poor analysis. People are afraid to make decisions to buy/sell assets, so they try to shift the responsibility to a channel, Influencer or Musk.

Today I will show you the basic rules for your own analysis of any unfamiliar token you are advised to buy 👇

Situation:

You see that Binance is launching a HOOK token on the lunchpad. Suddenly, someone offers you in a PM to buy it on PancakeSwap cheaper and before listing. Very much want to buy, but how not to get on scam?

1️⃣ Always check token on CoinMarketCap

The first thing to do is to go to CMC (CoinMarketCap) and check this token there. If there is no trading there yet and it says ICO, the token is not traded anywhere yet, and you are being offered a SCAM!

2️⃣ Check announcements

The HOOK token page on CMC has a section with the project's twitter/discord. Go to Twitter and look at the announcements from the last week or two. If there is no information there about trading the token on Pancake or other airdrops - you are being offered a scam.

Also you can go to the site (you can find it on CMC as well) and read about the project, what problem it solves, what team and investors it has...

3️⃣ Checking the contract

Let's say the channel offers to buy HOOK token before listing on Binance. In order for you to buy the token, the scammer will post the scam token contract under the guise of a real token and will spell out instructions on how to buy it on Pancake.

NEVER COPY TOKEN CONTRACTS FROM TG CHANNELS.

All official contracts are on CMC, Coingecko, DropsTab, Cryptorank + in whitepaper of each project.

4️⃣ Basically read the whitepaper

The whitepaper is not as scary as everyone tells us. There are a lot of interesting things there. CMC has a link to each project's whitepaper. It's a good idea, a basic flip through the documents, at least to look at the tokenomics of the project (what the token is for, its functions) and what the project does.

5️⃣ See where the token is traded

The most common question in chat is "where can I buy X token?" To answer this question, just go to CMC - type in the token you are interested in - go to "Markets" section. There will be a list of all exchanges (CEX and DEX), where the token is traded.

In conclusion:

We often make the mistake of acting too fast when it comes to making money and too slow when it comes to preserving assets.

Always ask yourself: do I want to earn now or not to lose? If you want to make money, act gradually and don't buy shitcoins with all your money!

I hope this information helps you save money, save the information or pass it on to a newbie friend 😉

Are crypto transactions anonymous?

Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.

Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.

However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).

For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.

Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.

How to do crypto mining?

Mining cryptocurrency involves using powerful computer hardware to solve complex mathematical problems that validate transactions on a blockchain network. Here’s a step-by-step guide on how to mine crypto:

### 1. Choose Your Cryptocurrency
- Bitcoin (BTC): Requires expensive and powerful ASIC miners due to high difficulty.
- Ethereum (ETH): Can no longer be mined after its transition to Proof of Stake (PoS). Alternatives like Ethereum Classic (ETC) or other GPU-mined coins are still available.
- Altcoins: Consider coins like Litecoin (LTC), Monero (XMR), or Ravencoin (RVN) that can be mined using GPUs or CPUs.

### 2. Select Mining Hardware
- ASIC Miners: Specifically built for mining Bitcoin or Litecoin; highly efficient but expensive.
- GPUs (Graphics Processing Units): Ideal for altcoins. GPUs from NVIDIA and AMD are popular for mining altcoins like Ethereum Classic or Monero.
- CPUs (Central Processing Units): Can mine some coins like Monero but are generally slower compared to GPUs and ASICs.

### 3. Set Up a Mining Rig
- ASIC Rig: Connect the ASIC miner to your network and configure it for the specific cryptocurrency you are mining.
- GPU Rig: Build a custom setup with multiple GPUs, a strong motherboard, power supply, and cooling system.
- CPU Mining: Requires fewer resources but can be slower and less profitable.

### 4. Download Mining Software
- Bitcoin: Use software like CGMiner or BFGMiner.
- GPU Mining (Altcoins): PhoenixMiner, GMiner, or T-Rex Miner are popular options.
- CPU Mining: XMRig for Monero, or similar software for other coins.

### 5. Join a Mining Pool
- Mining solo is extremely difficult due to high competition and power costs. Join a mining pool to combine resources with other miners.
- Popular pools include SlushPool (for Bitcoin) or Ethermine (for Ethereum Classic and other altcoins).

### 6. Set Up a Wallet
- Hot Wallets: Software wallets that are easy to use but may be more vulnerable to online attacks (e.g., MetaMask, Trust Wallet).
- Cold Wallets: Hardware wallets like Ledger or Trezor offer better security.

### 7. Monitor and Optimize
- Track the performance of your rig using monitoring software. Make adjustments to power consumption, cooling, and overclocking settings to optimize profitability.

### 8. Consider Costs
- Electricity: Mining is power-intensive. Ensure you are aware of your local electricity rates.
- Mining Pool Fees: Pools charge around 1-2% fees, but they increase your chances of earning consistent payouts.

### 9. Stay Updated
- Blockchain algorithms change, and profitability fluctuates. Keep an eye on updates in the blockchain space and shift to more profitable coins if necessary.

Share with credits: https://news.1rj.ru/str/Bitcoin_Crypto_Web

🟢Diversify your portfolio

🔵If you decide to create a trading plan, you should cover portfolio diversification to reduce your risk. Holding just one or two assets in your portfolio tends to be riskier. As such, you can diversify your holdings by investing in different assets across3 multiple asset classes.

🟣In crypto, you can begin by defining your asset allocation. You could allocate your investments in DeFi liquidity pools, staking, derivatives, stablecoins, and altcoins. By reducing your exposure to one single crypto class, you are less likely to experience big losses. For example, you may experience impermanent loss from a liquidity pool you’re invested in but offset your losses through staking gains.

👉You can then diversify within these different asset classes. For stablecoins, you could hold BUSD, USDT, and PAXG to reduce your overall portfolio risk even further. But these are just examples. There are multiple responsible ways to plan out your crypto portfolio.

🚨 Breaking Financial Market Update! 🚨

Big moves today! The U.S. Federal Reserve has made a surprising rate cut by half a percentage point, reversing a two-year trend of hikes aimed at controlling inflation. This is huge for borrowers, making loans, mortgages, and credit cards cheaper, but it also brings concerns about potential market volatility. 📉

Meanwhile, over in China, a major stimulus package has been announced to revive its struggling housing market, which is expected to boost global demand for commodities like copper and fuel optimism in Asian markets. 🌏

Stay tuned as these developments could significantly impact global markets! 💼

Ways to earn from cryptocurrencies

1. Buying and Holding (HODLing): This involves purchasing cryptocurrencies and holding onto them for an extended period, hoping their value will increase over time. If the price goes up, you can sell them for a profit. This is similar to traditional investing in stocks or commodities.

2. Trading: Cryptocurrency trading involves buying and selling cryptocurrencies on various exchanges to profit from price fluctuations. Traders use technical and fundamental analysis to make informed decisions. Day trading, swing trading, and arbitrage are common trading strategies.

3. Mining: Mining involves using computational power to solve complex mathematical problems on a blockchain network. Miners validate transactions and add new blocks to the blockchain in exchange for cryptocurrency rewards. While it can be profitable, it often requires significant hardware and energy investments.

4. Staking: Some cryptocurrencies offer staking as a way to earn rewards. Staking involves holding a certain amount of a cryptocurrency in a wallet and participating in network activities, such as validating transactions. In return, you receive additional coins as rewards.

5. Dividends and Interest: Certain cryptocurrencies, like some stablecoins, offer interest or dividends to holders. These earnings are typically generated from lending or staking the assets.

6. Airdrops and Forks: Occasionally, cryptocurrency projects distribute free tokens to existing holders (airdrops) or undergo network upgrades (forks) that create new cryptocurrencies. Holding the original cryptocurrency can result in receiving these new tokens.

7. Yield Farming and Liquidity Provision: In decentralized finance (DeFi), users can earn by providing liquidity to liquidity pools or participating in yield farming programs. They earn rewards in the form of tokens or fees for their contributions.

8. Freelancing and Payments: Some individuals accept cryptocurrencies as payment for goods or services they provide, like freelancers and online businesses.

9. Initial Coin Offerings (ICOs) and Token Sales: In the past, some people earned by investing in ICOs or token sales of new cryptocurrency projects at an early stage. However, these investments come with high risk and regulatory scrutiny.

10. NFTs (Non-Fungible Tokens): Creating, buying, and selling NFTs, which represent unique digital assets like art, collectibles, or virtual real estate, can be a way to earn income in the cryptocurrency space.

It's important to note that the cryptocurrency market is highly volatile and speculative, and investing in cryptocurrencies carries risks. Before getting involved, it's advisable to do thorough research, understand the risks, and consider your risk tolerance and investment goals. Additionally, be aware of the legal and tax implications of cryptocurrency earnings in your jurisdiction.

🟢What is cloud mining?

🔵 Cloud mining is the easiest way to mine crypto and only requires money (no special hardware).

With cloud mining, users rent remote data centers to participate in the mining process.

In other words, you just pay for a tariff plan, and the mining company specializing in powerful suitable hardware will do the rest.

You don’t need to deal with setting up video cards at home and buying equipment—you just mine “remotely” and earn coins.

🟢Risks:

🟢Cloud mining should be approached with caution. Although it offers a convenient entry point into the world of cryptocurrencies, it also has its own set of risks.

There are cases when fraudulent companies engage in cloud mining to take advantage of inexperienced investors. Therefore, it is crucial to DYOR and choose a reliable provider of cloud mining services.

Market Overview:
BTC : $60738
ETH : $2438.28
BNB : $542.21
SOL : $144.07

Dominance :
BTC : 53.88 %
ETH : 13.18 %
Stables : 6.94 %

Market Cap :
Total : 2.23T
DeFi : 69.06B
24hr Vol : 156.53B