Blockwisely
The founder Blockwisely - https://blockwisely.com. I love bridging the gap between traditional finance and Blockchain through education.
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ترجمة
If Prices Fall, Where Does the Money Go?
The market crashes overnight.
You open your phone and your balance is suddenly much lower. Headlines shout that billions have been wiped out. Social media fills with fear, anger, and accusations.
And then a quiet question forms in your mind.
Where did the money go?
Did it disappear?
Did someone steal it?
Did it evaporate the moment the charts turned red?
The strange thing is this. Even though it feels like money vanished, it did not go anywhere mysterious at all.
Nothing was burned. Nothing was erased.
What happened is something far more ordinary, and far more important to understand.
Because once you see where money really goes during a crash, markets stop feeling like chaos and start making sense.
Let us walk through it slowly and clearly.
What Price Really Means
Most people treat price like truth. They see a number on a screen and assume it represents real, fixed value. Something solid. Something stored somewhere.
It does not.
A price is not a guarantee. It is not money sitting behind an asset. It is not even a fair estimate of value.
A price is simply the last deal that happened between two people.
Imagine a coin called ABC.
At 10:00, one person wants to buy ABC and another is willing to sell. They agree on ten dollars. A trade happens.
At 10:01, the chart shows ten dollars.
This does not mean every ABC coin in existence is now worth ten dollars. It only means the most recent trade happened at that price. The market is just reporting the latest agreement.
Now imagine the mood changes.
At 10:02, fear enters the market. Buyers are less confident. One buyer says, “I will only pay eight dollars.” A seller, worried the price might fall further, accepts.
A trade happens at eight dollars.
Instantly, the chart updates. The price is now eight dollars.
Nothing was destroyed. No money disappeared. No value was stolen. Two people simply agreed on a different number.
This is why prices can move so fast. Markets are not machines deciding value. They are crowds of humans reacting to fear, hope, and urgency. Every new price is just the latest opinion expressed with money.
Once you understand that price is an agreement and not a truth, crashes stop feeling mysterious. They become moments when many people suddenly agree that they want out more than they want in.
What Makes Prices Go Down
Prices do not fall randomly. They fall when selling becomes stronger than buying.
At every moment, the market is a conversation. Buyers say how much they are willing to pay. Sellers say how much they are willing to accept. When sellers become more urgent than buyers, prices move down.
This shift rarely comes from one cause.
Sometimes bad news appears and fear spreads quickly. People rush to sell before things get worse. Sometimes traders used borrowed money to buy, and when prices dip, they are forced to sell whether they want to or not. Sometimes large holders sell big amounts at once, flooding the market. Other times, buyers simply step away, waiting for lower prices, leaving sellers with no choice but to accept less.
Most crashes are a mix of all these forces.
One drop creates fear. Fear creates more selling. More selling pushes prices lower. Lower prices create even more fear. The cycle feeds itself.
Prices fall not because money vanished, but because human behavior changed. The market reflects emotion in real time, and fear always moves faster than confidence.
“Billions Lost” and the Market Cap Illusion
This is where confusion peaks for most people.
Imagine ABC again.
ABC is trading at one hundred dollars.
You buy one ABC for one hundred dollars.
There are one million coins in total.
The market now calculates total value like this:
100 dollars multiplied by 1,000,000 coins equals 100 million dollars.
This number looks powerful, but it is important to understand what it really represents. It is not one hundred million dollars sitting in a vault. It is not money that can be withdrawn.
It is simply a calculation based on the latest price.
If the next trade happens at a lower number, that entire calculation changes instantly, even though no large sum of cash moved anywhere.
This is why market value can rise and fall so dramatically. It follows price, and price follows people.
When ABC was trading at one hundred dollars, the market cap was one hundred million dollars.
When panic selling pushed the price down to sixty dollars, the calculation changed to sixty million dollars.
Almost immediately, headlines appear saying the market lost forty million dollars.
That wording makes it sound like forty million dollars was pulled out, stolen, or destroyed. That did not happen.
What changed was the price used in the calculation.
Market cap is nothing more than the latest price multiplied by total supply. When the latest trade happens at a lower number, the entire market cap adjusts to match it. No truck carried money away. No vault was emptied. The screen simply updated.
This is why market cap can change by huge amounts in minutes. It is not tracking cash flows. It is tracking the most recent agreement between buyers and sellers.
Once you understand this, those dramatic “billions wiped out” headlines lose their power. They describe a change in pricing, not money disappearing.
You open your phone and your balance is suddenly much lower. Headlines shout that billions have been wiped out. Social media fills with fear, anger, and accusations.
And then a quiet question forms in your mind.
Where did the money go?
Did it disappear?
Did someone steal it?
Did it evaporate the moment the charts turned red?
The strange thing is this. Even though it feels like money vanished, it did not go anywhere mysterious at all.
Nothing was burned. Nothing was erased.
What happened is something far more ordinary, and far more important to understand.
Because once you see where money really goes during a crash, markets stop feeling like chaos and start making sense.
Let us walk through it slowly and clearly.
What Price Really Means
Most people treat price like truth. They see a number on a screen and assume it represents real, fixed value. Something solid. Something stored somewhere.
It does not.
A price is not a guarantee. It is not money sitting behind an asset. It is not even a fair estimate of value.
A price is simply the last deal that happened between two people.
Imagine a coin called ABC.
At 10:00, one person wants to buy ABC and another is willing to sell. They agree on ten dollars. A trade happens.
At 10:01, the chart shows ten dollars.
This does not mean every ABC coin in existence is now worth ten dollars. It only means the most recent trade happened at that price. The market is just reporting the latest agreement.
Now imagine the mood changes.
At 10:02, fear enters the market. Buyers are less confident. One buyer says, “I will only pay eight dollars.” A seller, worried the price might fall further, accepts.
A trade happens at eight dollars.
Instantly, the chart updates. The price is now eight dollars.
Nothing was destroyed. No money disappeared. No value was stolen. Two people simply agreed on a different number.
This is why prices can move so fast. Markets are not machines deciding value. They are crowds of humans reacting to fear, hope, and urgency. Every new price is just the latest opinion expressed with money.
Once you understand that price is an agreement and not a truth, crashes stop feeling mysterious. They become moments when many people suddenly agree that they want out more than they want in.
What Makes Prices Go Down
Prices do not fall randomly. They fall when selling becomes stronger than buying.
At every moment, the market is a conversation. Buyers say how much they are willing to pay. Sellers say how much they are willing to accept. When sellers become more urgent than buyers, prices move down.
This shift rarely comes from one cause.
Sometimes bad news appears and fear spreads quickly. People rush to sell before things get worse. Sometimes traders used borrowed money to buy, and when prices dip, they are forced to sell whether they want to or not. Sometimes large holders sell big amounts at once, flooding the market. Other times, buyers simply step away, waiting for lower prices, leaving sellers with no choice but to accept less.
Most crashes are a mix of all these forces.
One drop creates fear. Fear creates more selling. More selling pushes prices lower. Lower prices create even more fear. The cycle feeds itself.
Prices fall not because money vanished, but because human behavior changed. The market reflects emotion in real time, and fear always moves faster than confidence.
“Billions Lost” and the Market Cap Illusion
This is where confusion peaks for most people.
Imagine ABC again.
ABC is trading at one hundred dollars.
You buy one ABC for one hundred dollars.
There are one million coins in total.
The market now calculates total value like this:
100 dollars multiplied by 1,000,000 coins equals 100 million dollars.
This number looks powerful, but it is important to understand what it really represents. It is not one hundred million dollars sitting in a vault. It is not money that can be withdrawn.
It is simply a calculation based on the latest price.
If the next trade happens at a lower number, that entire calculation changes instantly, even though no large sum of cash moved anywhere.
This is why market value can rise and fall so dramatically. It follows price, and price follows people.
When ABC was trading at one hundred dollars, the market cap was one hundred million dollars.
When panic selling pushed the price down to sixty dollars, the calculation changed to sixty million dollars.
Almost immediately, headlines appear saying the market lost forty million dollars.
That wording makes it sound like forty million dollars was pulled out, stolen, or destroyed. That did not happen.
What changed was the price used in the calculation.
Market cap is nothing more than the latest price multiplied by total supply. When the latest trade happens at a lower number, the entire market cap adjusts to match it. No truck carried money away. No vault was emptied. The screen simply updated.
This is why market cap can change by huge amounts in minutes. It is not tracking cash flows. It is tracking the most recent agreement between buyers and sellers.
Once you understand this, those dramatic “billions wiped out” headlines lose their power. They describe a change in pricing, not money disappearing.
ترجمة
With more than 51% of the amount, he would be able to exploit the 51% attack.
Just know bitcoin will never go to zero.
ترجمة
If Banks Were Invented After Blockchain
Imagine a world where blockchain came first where people already send money across the internet in seconds, own digital wallets instead of plastic cards, and trust math instead of middlemen.
Now picture someone trying to pitch a brand-new idea: “We should start something called a bank!”
You can almost hear the laughter.
The Pitch No One Asked For
A nervous entrepreneur walks into a room full of crypto natives. He clears his throat.
“Okay, hear me out,” he says. “What if, instead of controlling your own money on your phone, you gave it all to us?”
The room goes quiet.
He continues, sweating slightly. “We’ll keep your money for you. You won’t have access on weekends, but we’ll let you withdraw during office hours if you show enough paperwork.”
A voice from the back: “Wait, you mean we can’t move our money 24/7?”
“Uh… no, but don’t worry! We’ll give you an app that looks modern, but all transactions still take two to three business days.”
The audience bursts out laughing.
If Blockchain Came First
If blockchain had existed before banks, the concept of banking would sound like a downgrade.
You control your money? Gone. Now someone else does.
Instant payments? Forget it. Wait in line.
Global transfers? Only after high fees and a long approval process.
Transparency? Nope. Your money disappears into an invisible system, and you just have to trust it’s there.
People who grew up with blockchain wallets would find banking ancient — like using a fax machine to send a meme.
“We’ll Keep Your Money Safe”
The banker continues his pitch:
“You can’t actually see where your money goes but trust us, it’s in good hands. And if we make mistakes, we might lose it or freeze your account. But hey, we’ll send you an apology letter.”
A blockchain believer raises an eyebrow. “Can’t I just verify everything myself on the blockchain?”
“Well,” the banker stammers, “we prefer to handle the records privately.”
“In other words,” the audience says in unison, “you want us to believe you without proof.”
Exactly.
The Problem Blockchain Solved
The funny thing is, this isn’t far from how traditional finance works today.
For centuries, people had to trust banks because there was no other way. The idea of a public, tamper-proof ledger seemed impossible. But blockchain changed that.
Now, money can move directly from person to person, anywhere in the world, without a middleman keeping score. The blockchain is the scoreboard that is open, global, and fair.
That doesn’t mean banks are evil or useless. It just means they were a solution for a world that didn’t yet have blockchain.
If banks were invented after blockchain, they’d have a tough time convincing people to give up control.
We’d laugh at the idea of waiting days for payments or paying fees just to move our own money. We’d question why a small group of people should control what the rest of us can or can’t do with our finances.
But in reality, we’re living through that transition right now - from the bank-first world to the blockchain-first future.
And one day, when our grandchildren hear that people once waited three days for a transaction to clear, they’ll probably say,
“That sounds like the Stone Age.”
And they’ll be right.
Now picture someone trying to pitch a brand-new idea: “We should start something called a bank!”
You can almost hear the laughter.
The Pitch No One Asked For
A nervous entrepreneur walks into a room full of crypto natives. He clears his throat.
“Okay, hear me out,” he says. “What if, instead of controlling your own money on your phone, you gave it all to us?”
The room goes quiet.
He continues, sweating slightly. “We’ll keep your money for you. You won’t have access on weekends, but we’ll let you withdraw during office hours if you show enough paperwork.”
A voice from the back: “Wait, you mean we can’t move our money 24/7?”
“Uh… no, but don’t worry! We’ll give you an app that looks modern, but all transactions still take two to three business days.”
The audience bursts out laughing.
If Blockchain Came First
If blockchain had existed before banks, the concept of banking would sound like a downgrade.
You control your money? Gone. Now someone else does.
Instant payments? Forget it. Wait in line.
Global transfers? Only after high fees and a long approval process.
Transparency? Nope. Your money disappears into an invisible system, and you just have to trust it’s there.
People who grew up with blockchain wallets would find banking ancient — like using a fax machine to send a meme.
“We’ll Keep Your Money Safe”
The banker continues his pitch:
“You can’t actually see where your money goes but trust us, it’s in good hands. And if we make mistakes, we might lose it or freeze your account. But hey, we’ll send you an apology letter.”
A blockchain believer raises an eyebrow. “Can’t I just verify everything myself on the blockchain?”
“Well,” the banker stammers, “we prefer to handle the records privately.”
“In other words,” the audience says in unison, “you want us to believe you without proof.”
Exactly.
The Problem Blockchain Solved
The funny thing is, this isn’t far from how traditional finance works today.
For centuries, people had to trust banks because there was no other way. The idea of a public, tamper-proof ledger seemed impossible. But blockchain changed that.
Now, money can move directly from person to person, anywhere in the world, without a middleman keeping score. The blockchain is the scoreboard that is open, global, and fair.
That doesn’t mean banks are evil or useless. It just means they were a solution for a world that didn’t yet have blockchain.
If banks were invented after blockchain, they’d have a tough time convincing people to give up control.
We’d laugh at the idea of waiting days for payments or paying fees just to move our own money. We’d question why a small group of people should control what the rest of us can or can’t do with our finances.
But in reality, we’re living through that transition right now - from the bank-first world to the blockchain-first future.
And one day, when our grandchildren hear that people once waited three days for a transaction to clear, they’ll probably say,
“That sounds like the Stone Age.”
And they’ll be right.
ترجمة
How I Explained Blockchain to My Mother (Without Losing My Mind)
Last Sunday, my mother asked me what I actually do for work. I told her, “I work with blockchain.”
She looked at me the way she used to look at the TV when the remote stopped working – confused, mildly suspicious, and ready to blame me for something.
So I decided to try the impossible: explain blockchain to her without using a single fancy word. Here’s how it went.
Step 1: Start with Her World
I said, “Mother, imagine you have a big notebook. In it, you write down who borrowed sugar, who owes you for Christmas gifts, and who still hasn’t returned your Tupperware.”
She nodded. “That’s your blockchain,” I said. “It’s a record of everything that happens but here’s the twist: everyone in the neighborhood has the same notebook. Whenever you write something, everyone writes it too.”
Her eyes narrowed. “So they’re all copying me?”
“Exactly,” I said. “That way, if anyone tries to cheat like erase the fact they owe you sugar, everyone else’s copy proves they’re lying.”
Now she was smiling. Step one: success.
Step 2: Make It Real
“Okay,” she said, “but why can’t I just use my notebook?”
“Because yours can be changed,” I told her. “If someone sneaks in and tears a page or spills tea on it, you lose your records. Blockchain doesn’t let that happen. Once something is written, it can’t be erased or edited. It’s permanent.”
Step 3: Explain the ‘Chain’
I continued: “Each page in your notebook is like a block. When a page fills up, you start a new one and link it to the old one like a chain of pages. That’s why it’s called blockchain.”
“And what happens if someone changes something in the middle?” she asked.
“Then the chain breaks. Everyone will see something’s wrong. It’s like trying to sneak a fake photo into the family album, everyone notices because the story doesn’t fit anymore.”
She chuckled. “Your cousin tried that once. Didn’t work.”
Exactly, Mother. Blockchain agrees with you.
Step 4: Connect It to Her Life
Then I said, “Remember how you used to lend money at the women’s group meetings? Imagine if everyone there could see who borrowed, who paid back, and who’s still pretending to forget. No arguments, no missing money.”
Her eyes lit up. “That would’ve saved me a lot of trouble,” she said.
“That’s what blockchain does,” I said. “It keeps records in a way that everyone can trust without needing a middleman or a big boss.”
“Think of it this way,” I told her. “Blockchain is like your notebook, but indestructible. Nobody can rip out pages, and even your cat sitting on it won’t erase anything.”
She laughed. “Now that’s useful. My cat ruined more than one recipe book.”
Step 5: Show the Bigger Picture
I went on. “Bitcoin runs on blockchain. It’s like digital money that lives inside this shared notebook. But that’s just the beginning. People now use blockchain to track coffee beans, vote safely, store medical records, and even protect art from being copied.”
She nodded slowly. “So it’s not just about money. It’s about trust.”
And there it was. Mother had just nailed the definition of blockchain in one sentence.
Step 6: End on a Simple Note
When I finished, she said, “So it’s like everyone keeping the same notebook, where no one can cheat and everyone can see the truth?”
“Yes, Mother. That’s blockchain.”
She smiled, poured some tea, and said, “Well, I might not mine Bitcoin, but I like this notebook idea.”
She looked at me the way she used to look at the TV when the remote stopped working – confused, mildly suspicious, and ready to blame me for something.
So I decided to try the impossible: explain blockchain to her without using a single fancy word. Here’s how it went.
Step 1: Start with Her World
I said, “Mother, imagine you have a big notebook. In it, you write down who borrowed sugar, who owes you for Christmas gifts, and who still hasn’t returned your Tupperware.”
She nodded. “That’s your blockchain,” I said. “It’s a record of everything that happens but here’s the twist: everyone in the neighborhood has the same notebook. Whenever you write something, everyone writes it too.”
Her eyes narrowed. “So they’re all copying me?”
“Exactly,” I said. “That way, if anyone tries to cheat like erase the fact they owe you sugar, everyone else’s copy proves they’re lying.”
Now she was smiling. Step one: success.
Step 2: Make It Real
“Okay,” she said, “but why can’t I just use my notebook?”
“Because yours can be changed,” I told her. “If someone sneaks in and tears a page or spills tea on it, you lose your records. Blockchain doesn’t let that happen. Once something is written, it can’t be erased or edited. It’s permanent.”
Step 3: Explain the ‘Chain’
I continued: “Each page in your notebook is like a block. When a page fills up, you start a new one and link it to the old one like a chain of pages. That’s why it’s called blockchain.”
“And what happens if someone changes something in the middle?” she asked.
“Then the chain breaks. Everyone will see something’s wrong. It’s like trying to sneak a fake photo into the family album, everyone notices because the story doesn’t fit anymore.”
She chuckled. “Your cousin tried that once. Didn’t work.”
Exactly, Mother. Blockchain agrees with you.
Step 4: Connect It to Her Life
Then I said, “Remember how you used to lend money at the women’s group meetings? Imagine if everyone there could see who borrowed, who paid back, and who’s still pretending to forget. No arguments, no missing money.”
Her eyes lit up. “That would’ve saved me a lot of trouble,” she said.
“That’s what blockchain does,” I said. “It keeps records in a way that everyone can trust without needing a middleman or a big boss.”
“Think of it this way,” I told her. “Blockchain is like your notebook, but indestructible. Nobody can rip out pages, and even your cat sitting on it won’t erase anything.”
She laughed. “Now that’s useful. My cat ruined more than one recipe book.”
Step 5: Show the Bigger Picture
I went on. “Bitcoin runs on blockchain. It’s like digital money that lives inside this shared notebook. But that’s just the beginning. People now use blockchain to track coffee beans, vote safely, store medical records, and even protect art from being copied.”
She nodded slowly. “So it’s not just about money. It’s about trust.”
And there it was. Mother had just nailed the definition of blockchain in one sentence.
Step 6: End on a Simple Note
When I finished, she said, “So it’s like everyone keeping the same notebook, where no one can cheat and everyone can see the truth?”
“Yes, Mother. That’s blockchain.”
She smiled, poured some tea, and said, “Well, I might not mine Bitcoin, but I like this notebook idea.”
ترجمة
And how's that a signal? Go up, go down, go up?
🎤🔥 RIGHT SIGNAL WITH PROOF 🔥
I have always given my followers posts that have benefited them. I told them a week ago that this day was coming. always 110% correct signal. $SOL
I have always given my followers posts that have benefited them. I told them a week ago that this day was coming. always 110% correct signal. $SOL
ترجمة
Interesting perspective
Trading Heights
--
💡Do you think any cryptocurrency is capable of knocking Bitcoin off its #1 position in three years?
💡 Follower’s Question: "Do you think any cryptocurrency is capable of knocking Bitcoin off its #1 position in the next three years?"
Answer: Yes, there are exactly 5 blockchains that could potentially achieve this. These are the only blockchains that become more scalable as more nodes join their networks, without sacrificing decentralization. Here’s a closer look at these top contenders:
Click for Vote and Support
🥇 1. IOTA with Tangle
- 🚀 Recent Innovation: IOTA recently introduced their new consensus algorithm, Shimmer, which has already made waves in the blockchain space.
- 📈 Scalability: IOTA’s Tangle network allows for increased scalability with more nodes, making it a unique contender.
- 🔒 Security & Efficiency: With Shimmer, IOTA is now 100x more secure, decentralized, and efficient, placing it as the frontrunner to potentially replace Bitcoin.
🏆 2. Cardano with Ouroboros
- 🔄 Proof-of-Stake: Cardano’s Ouroboros protocol becomes more efficient as the network grows, allowing for higher transaction throughput.
- 🧠 Research-Driven: Cardano’s strong emphasis on research and peer-reviewed development makes it a formidable competitor.
🏔️ 3. Avalanche with Avalanche Consensus
- ⚡ High Speed: Avalanche's consensus mechanism enables near-instant finality and can handle thousands of transactions per second.
- 🌐 Multi-Chain Support: Avalanche’s ability to support multiple customized blockchains within its ecosystem gives it a strong edge.
🌐 4. Polkadot with Substrate
- 🤝 Interoperability: Polkadot connects different blockchains, allowing for seamless interoperability and scalability with more parachains.
- 🔗 Decentralization Maintained: Despite its expanding ecosystem, Polkadot ensures decentralization is not compromised.
⏳ 5. Solana with Proof of History
- 💨 Ultra-Fast Transactions: Solana processes over 65,000 transactions per second, making it one of the fastest blockchains.
- 🌱 Rapid Growth: Solana’s growing ecosystem of dApps and DeFi projects makes it a serious contender in the race to dethrone Bitcoin.
📊 Conclusion: These five blockchains—IOTA, Cardano, Avalanche, Polkadot, and Solana**—are the most likely to challenge Bitcoin’s #1 spot due to their ability to scale efficiently while maintaining decentralization. Among them, IOTA with its Shimmer algorithm stands out as the top contender, with the potential to revolutionize the industry in the coming years.
⏳ Time will tell how these technologies evolve, but one thing is certain: the competition is getting intense! 🔥
Answer: Yes, there are exactly 5 blockchains that could potentially achieve this. These are the only blockchains that become more scalable as more nodes join their networks, without sacrificing decentralization. Here’s a closer look at these top contenders:
Click for Vote and Support
🥇 1. IOTA with Tangle
- 🚀 Recent Innovation: IOTA recently introduced their new consensus algorithm, Shimmer, which has already made waves in the blockchain space.
- 📈 Scalability: IOTA’s Tangle network allows for increased scalability with more nodes, making it a unique contender.
- 🔒 Security & Efficiency: With Shimmer, IOTA is now 100x more secure, decentralized, and efficient, placing it as the frontrunner to potentially replace Bitcoin.
🏆 2. Cardano with Ouroboros
- 🔄 Proof-of-Stake: Cardano’s Ouroboros protocol becomes more efficient as the network grows, allowing for higher transaction throughput.
- 🧠 Research-Driven: Cardano’s strong emphasis on research and peer-reviewed development makes it a formidable competitor.
🏔️ 3. Avalanche with Avalanche Consensus
- ⚡ High Speed: Avalanche's consensus mechanism enables near-instant finality and can handle thousands of transactions per second.
- 🌐 Multi-Chain Support: Avalanche’s ability to support multiple customized blockchains within its ecosystem gives it a strong edge.
🌐 4. Polkadot with Substrate
- 🤝 Interoperability: Polkadot connects different blockchains, allowing for seamless interoperability and scalability with more parachains.
- 🔗 Decentralization Maintained: Despite its expanding ecosystem, Polkadot ensures decentralization is not compromised.
⏳ 5. Solana with Proof of History
- 💨 Ultra-Fast Transactions: Solana processes over 65,000 transactions per second, making it one of the fastest blockchains.
- 🌱 Rapid Growth: Solana’s growing ecosystem of dApps and DeFi projects makes it a serious contender in the race to dethrone Bitcoin.
📊 Conclusion: These five blockchains—IOTA, Cardano, Avalanche, Polkadot, and Solana**—are the most likely to challenge Bitcoin’s #1 spot due to their ability to scale efficiently while maintaining decentralization. Among them, IOTA with its Shimmer algorithm stands out as the top contender, with the potential to revolutionize the industry in the coming years.
⏳ Time will tell how these technologies evolve, but one thing is certain: the competition is getting intense! 🔥
ترجمة
Interesting
Trading Heights
--
💡Do you think any cryptocurrency is capable of knocking Bitcoin off its #1 position in three years?
💡 Follower’s Question: "Do you think any cryptocurrency is capable of knocking Bitcoin off its #1 position in the next three years?"
Answer: Yes, there are exactly 5 blockchains that could potentially achieve this. These are the only blockchains that become more scalable as more nodes join their networks, without sacrificing decentralization. Here’s a closer look at these top contenders:
Click for Vote and Support
🥇 1. IOTA with Tangle
- 🚀 Recent Innovation: IOTA recently introduced their new consensus algorithm, Shimmer, which has already made waves in the blockchain space.
- 📈 Scalability: IOTA’s Tangle network allows for increased scalability with more nodes, making it a unique contender.
- 🔒 Security & Efficiency: With Shimmer, IOTA is now 100x more secure, decentralized, and efficient, placing it as the frontrunner to potentially replace Bitcoin.
🏆 2. Cardano with Ouroboros
- 🔄 Proof-of-Stake: Cardano’s Ouroboros protocol becomes more efficient as the network grows, allowing for higher transaction throughput.
- 🧠 Research-Driven: Cardano’s strong emphasis on research and peer-reviewed development makes it a formidable competitor.
🏔️ 3. Avalanche with Avalanche Consensus
- ⚡ High Speed: Avalanche's consensus mechanism enables near-instant finality and can handle thousands of transactions per second.
- 🌐 Multi-Chain Support: Avalanche’s ability to support multiple customized blockchains within its ecosystem gives it a strong edge.
🌐 4. Polkadot with Substrate
- 🤝 Interoperability: Polkadot connects different blockchains, allowing for seamless interoperability and scalability with more parachains.
- 🔗 Decentralization Maintained: Despite its expanding ecosystem, Polkadot ensures decentralization is not compromised.
⏳ 5. Solana with Proof of History
- 💨 Ultra-Fast Transactions: Solana processes over 65,000 transactions per second, making it one of the fastest blockchains.
- 🌱 Rapid Growth: Solana’s growing ecosystem of dApps and DeFi projects makes it a serious contender in the race to dethrone Bitcoin.
📊 Conclusion: These five blockchains—IOTA, Cardano, Avalanche, Polkadot, and Solana**—are the most likely to challenge Bitcoin’s #1 spot due to their ability to scale efficiently while maintaining decentralization. Among them, IOTA with its Shimmer algorithm stands out as the top contender, with the potential to revolutionize the industry in the coming years.
⏳ Time will tell how these technologies evolve, but one thing is certain: the competition is getting intense! 🔥
Answer: Yes, there are exactly 5 blockchains that could potentially achieve this. These are the only blockchains that become more scalable as more nodes join their networks, without sacrificing decentralization. Here’s a closer look at these top contenders:
Click for Vote and Support
🥇 1. IOTA with Tangle
- 🚀 Recent Innovation: IOTA recently introduced their new consensus algorithm, Shimmer, which has already made waves in the blockchain space.
- 📈 Scalability: IOTA’s Tangle network allows for increased scalability with more nodes, making it a unique contender.
- 🔒 Security & Efficiency: With Shimmer, IOTA is now 100x more secure, decentralized, and efficient, placing it as the frontrunner to potentially replace Bitcoin.
🏆 2. Cardano with Ouroboros
- 🔄 Proof-of-Stake: Cardano’s Ouroboros protocol becomes more efficient as the network grows, allowing for higher transaction throughput.
- 🧠 Research-Driven: Cardano’s strong emphasis on research and peer-reviewed development makes it a formidable competitor.
🏔️ 3. Avalanche with Avalanche Consensus
- ⚡ High Speed: Avalanche's consensus mechanism enables near-instant finality and can handle thousands of transactions per second.
- 🌐 Multi-Chain Support: Avalanche’s ability to support multiple customized blockchains within its ecosystem gives it a strong edge.
🌐 4. Polkadot with Substrate
- 🤝 Interoperability: Polkadot connects different blockchains, allowing for seamless interoperability and scalability with more parachains.
- 🔗 Decentralization Maintained: Despite its expanding ecosystem, Polkadot ensures decentralization is not compromised.
⏳ 5. Solana with Proof of History
- 💨 Ultra-Fast Transactions: Solana processes over 65,000 transactions per second, making it one of the fastest blockchains.
- 🌱 Rapid Growth: Solana’s growing ecosystem of dApps and DeFi projects makes it a serious contender in the race to dethrone Bitcoin.
📊 Conclusion: These five blockchains—IOTA, Cardano, Avalanche, Polkadot, and Solana**—are the most likely to challenge Bitcoin’s #1 spot due to their ability to scale efficiently while maintaining decentralization. Among them, IOTA with its Shimmer algorithm stands out as the top contender, with the potential to revolutionize the industry in the coming years.
⏳ Time will tell how these technologies evolve, but one thing is certain: the competition is getting intense! 🔥
ترجمة
Check this out
Ben Walther
--
Slow is smooth, and smooth is fast — 5 Facts Why I love “slow trading”
Slow is smooth, and smooth is fast!
A quote I recently read.
And I must admit that I rarely read a sentence that fits better in the world of crypto trading.
Everyone thinks the crypto market moves super fast, and they have to act at the same pace.
I believe the opposite is true.
I would even go that far and call myself an advocate of slow trading.
Sounds boring? Maybe. However, over the last few years, I have found out that the slowest path might be the fastest in the end.
So, here are five reasons I think “slow trading” is the best approach to trading cryptos.
1 – Trading Higher Timeframes Increases Success Rates (Massively)
When I started trading cryptos, I wanted to make the most of it.
It seemed logical to go down to the lowest timeframes.
My quotation looked like this: Lower timeframes = more opportunities = more gains.
I even tried the 1-minute chart (please, don’t make this mistake).
It took me a while to discover that more trades don’t equal more gains.
The opposite is true.
Today, I am solely trading the daily or 4H chart. Indeed, the amount of trades is much lower.
On the other side, my success rate skyrocketed.
2 – Slow trading: Building strategies & skills takes time
I see people rushing into crypto trading like there’s no tomorrow. Often blinded by success stories they read on X or other social media platforms.
The result is comparable to someone who gets in the ring against the world heavyweight box champion without practicing for a second.
It won’t end well.
Always remember, similar to the heavyweight champion, the (crypto) market doesn’t allow weaknesses.
That’s why you need to be prepared as well as you can. This takes time.
Time to learn, build skills, understand, and test.
Most importantly, it is time to build a strategy to survive against the heavyweight champion.
Always have a strategy before you get in the ring!
3 – Trading is a game of waiting
In the trading world, a slower approach is often crucial to successful execution.
This goes against the common perception that trading is all about rapid decisions and quick turnover.
In reality, there are times when the best course of action is not to trade for days, weeks, or even months (similar to the last weeks).
The ability to exercise this level of restraint and patience is a crucial skill every trader should have in their arsenal.
While this approach may seem straightforward, implementing it is far from simple.
Resisting the urge to continue trading requires high discipline and emotional control.
4 – Slow trading reduces stress and emotions
When I tried to trade the 1 or 5-minute charts, I faced stress constantly.
It was horrible. A constant pressure.
And stress grows exponentially when your trades start to fail.
I’ve never experienced something similar when trading the daily chart. Once you’ve set up your strategy, the whole process becomes smooth.
Slow trading means stressless trading!
5 – Leverage kills smoothness
Why do people (me included) use margin trading? Because they want to accelerate the process. It feels like a shortcut to success.
Usually, the exact opposite is the case. Leverage means pressure, wrong decisions, and failed trades. Ultimately, you don’t go faster at all.
Again, trading without leverage might seem slower.
However, it is much smoother in the end. And from experience, I can tell you that smooth means fast.
A quote I recently read.
And I must admit that I rarely read a sentence that fits better in the world of crypto trading.
Everyone thinks the crypto market moves super fast, and they have to act at the same pace.
I believe the opposite is true.
I would even go that far and call myself an advocate of slow trading.
Sounds boring? Maybe. However, over the last few years, I have found out that the slowest path might be the fastest in the end.
So, here are five reasons I think “slow trading” is the best approach to trading cryptos.
1 – Trading Higher Timeframes Increases Success Rates (Massively)
When I started trading cryptos, I wanted to make the most of it.
It seemed logical to go down to the lowest timeframes.
My quotation looked like this: Lower timeframes = more opportunities = more gains.
I even tried the 1-minute chart (please, don’t make this mistake).
It took me a while to discover that more trades don’t equal more gains.
The opposite is true.
Today, I am solely trading the daily or 4H chart. Indeed, the amount of trades is much lower.
On the other side, my success rate skyrocketed.
2 – Slow trading: Building strategies & skills takes time
I see people rushing into crypto trading like there’s no tomorrow. Often blinded by success stories they read on X or other social media platforms.
The result is comparable to someone who gets in the ring against the world heavyweight box champion without practicing for a second.
It won’t end well.
Always remember, similar to the heavyweight champion, the (crypto) market doesn’t allow weaknesses.
That’s why you need to be prepared as well as you can. This takes time.
Time to learn, build skills, understand, and test.
Most importantly, it is time to build a strategy to survive against the heavyweight champion.
Always have a strategy before you get in the ring!
3 – Trading is a game of waiting
In the trading world, a slower approach is often crucial to successful execution.
This goes against the common perception that trading is all about rapid decisions and quick turnover.
In reality, there are times when the best course of action is not to trade for days, weeks, or even months (similar to the last weeks).
The ability to exercise this level of restraint and patience is a crucial skill every trader should have in their arsenal.
While this approach may seem straightforward, implementing it is far from simple.
Resisting the urge to continue trading requires high discipline and emotional control.
4 – Slow trading reduces stress and emotions
When I tried to trade the 1 or 5-minute charts, I faced stress constantly.
It was horrible. A constant pressure.
And stress grows exponentially when your trades start to fail.
I’ve never experienced something similar when trading the daily chart. Once you’ve set up your strategy, the whole process becomes smooth.
Slow trading means stressless trading!
5 – Leverage kills smoothness
Why do people (me included) use margin trading? Because they want to accelerate the process. It feels like a shortcut to success.
Usually, the exact opposite is the case. Leverage means pressure, wrong decisions, and failed trades. Ultimately, you don’t go faster at all.
Again, trading without leverage might seem slower.
However, it is much smoother in the end. And from experience, I can tell you that smooth means fast.
ترجمة
Crypto security
Crypto PM
--
Crypto Security and its Importance - A Complete Guide
In today's digital age, where cryptocurrencies continue to gain momentum, ensuring the security of your digital assets has become more critical than ever.
The groundbreaking invention of cryptocurrency has revolutionized financial systems and empowered individuals worldwide.
However, operating in a digital sphere makes cryptocurrencies susceptible to hacking and fraud.
Therefore, understanding crypto security and implementing effective measures to safeguard your investments is vital for every investor, trader, or enthusiast in the crypto sphere.
Understanding Cryptocurrency and Its Security
Before delving into the importance of crypto security, let's take a step back to understand cryptocurrency. Cryptocurrency is a digital or virtual form of currency that is secured by cryptography.
This encryption makes it nearly impossible to double-spend or counterfeit. Cryptocurrencies operate on decentralized platforms called blockchain technology, which is a distributed ledger enforced by a network of computers known as nodes.
Crypto security involves protecting these digital assets through various measures and practices to protect the user's funds and personal information from potential cyber threats.
The importance of cryptocurrency security is directly linked to the technology's unique characteristics.
The Importance of Crypto Security
Crypto security plays a crucial role in various aspects of the cryptocurrency ecosystem. Let's explore the key reasons why it is essential:
1. Prevention of Asset Theft: Since cryptocurrency transactions are irreversible, losing access to your funds can be costly.
Unlike traditional banking systems, blockchain technology offers no luxury where transactions can be disputed or reversed. Therefore, top-notch security measures are vital to prevent the theft of these digital assets.
2. Maintaining Anonymity: Many users turn to cryptocurrencies for their promise of privacy. Users' identities can be exposed without proper security measures, leading to significant risks, including financial loss and personal safety concerns.
3. Preservation of Wealth: Cryptocurrencies have become a popular investment choice with the burgeoning crypto market. Without adequate security measures, your digital wealth may be at risk.
4. Investor Confidence: The safety of digital currencies directly impacts investor confidence. If a platform cannot offer robust security measures, it risks losing users' trust. Consequently, strong security protocols contribute to the overall growth of the crypto ecosystem.
Key Elements of Crypto Security
To ensure the security of your cryptocurrencies, it is essential to understand the key elements that make up a secure crypto environment. Let's explore these crucial aspects:
1. Wallets: Crypto wallets are essential to digital currency security. Wallets can be software- or hardware-based; hardware-based wallets are generally considered more secure. Keeping your wallet's private keys safe is crucial, and consider using multi-signature wallets for added security.
2. Secure Internet Connection: Always ensure your internet connection is secure when dealing with cryptocurrencies. Avoid using public Wi-Fi networks for crypto transactions, as they can be hotspots for cyber threats.
3. Exchanges: Not all cryptocurrency exchanges are created equal. Before committing to an exchange, research its security measures. Look for features like two-factor authentication (2FA), cold storage, and withdrawal whitelists.
4. Education: Understanding the technology behind cryptocurrencies and the various threats you could face is crucial. Regularly keep yourself updated with the latest security trends and threats in the crypto space.
Common Security Risks Associated with Crypto
Navigating the cryptocurrency landscape involves knowing its potential security risks. Here are some common security threats you should know:
1. Phishing Attacks: Phishing attacks occur when an attacker masquerades as a trustworthy entity to trick victims into revealing sensitive information, such as login credentials and wallet private keys. Phishing can happen via email, text messages, or even fake websites.
2. Exchange Hacks: While cryptocurrency exchanges have bolstered their security measures over the years, they are still lucrative targets for hackers. In these attacks, hackers exploit security vulnerabilities to steal funds from exchange users.
3. Email Attacks: Email attacks are among the most prevalent and successful threats on the Internet. Adversaries often launch large-scale phishing campaigns to infiltrate organizations.
These emails can carry malicious files, such as viruses and malware, or direct recipients to harmful websites. Also, they attempt to deceive individuals into divulging personal information, such as usernames and passwords.
It is worth noting that cybercriminals leveraging email as an attack vector are becoming increasingly adept at evading detection.
Consequently, relying solely on technology to block these evolving email threats offers limited effectiveness.
4. Wallet Hacks: Crypto wallets, especially those connected to the internet (hot wallets), are susceptible to attacks. If an attacker gains access to your wallet's private keys, they can drain your funds.
5. Ponzi and Pyramid Schemes: These fraud schemes promise high returns to investors but rely on funds from new participants to pay profits to earlier investors. Eventually, when new investors dry up, the scheme collapses.
Awareness of these common risks is the first step towards better protection in the crypto space. As an investor or trader, you should always stay vigilant and double-check any information or transactions you encounter.
How to Protect Your Cryptocurrencies?
To protect your digital investments, consider implementing the following steps:
1. Use Secure Wallets: Opt for wallets known for their strong security features. Hardware wallets, which store your private keys offline, offer higher security than online wallets.
2. Implement Two-Factor Authentication (2FA): Two-Factor Authentication adds an extra layer of security to your accounts. Even if your password is compromised, an attacker still needs your second factor to access your account.
3. Don't keep Coins on Exchanges: The phrase "Not your keys, not your coins" is a fundamental principle in the cryptocurrency community.
It emphasizes that if you don't hold the private keys to your digital assets, you don't truly own them.
This concept underscores the importance of self-custody and the risks associated with leaving your cryptocurrencies on centralized exchanges or with third-party custodians.
The recent WazirX hack is a prime example of why this principle is crucial for crypto users to understand and follow.
3. Keep Software Up-to-date: Ensure that your devices, wallets, and apps are current. Updates often include security enhancements that protect against newly discovered threats.
4. Use Secure Networks: Avoid conducting crypto transactions over public Wi-Fi networks. These networks can be insecure, making it easier for hackers to intercept sensitive data.
5. Be Wary of Phishing Attempts: Be vigilant about potential phishing attempts. Always double-check emails and messages, especially those prompting you to reveal sensitive information.
While there is no foolproof way to guard against all crypto security threats, these steps can greatly reduce your exposure to risk and help keep your investments safe.
6. Email Do's and Don'ts: Always verify the sender of a message. Always hover over web page links (URLs) in email messages to see where they link to – beware of URL shortening services (like bit.ly) that may obscure the final website destination.
Be skeptical of messages with odd spelling/grammar, improper logos, or requests to upgrade or verify your account. Report suspicious emails immediately.
How to Secure Your Password?
Password Reuse—Maintain different credentials for each service. Hackers know that it can be challenging to remember multiple passwords.
If they obtain one, they will attempt to use it to gain unauthorized access to other services. Never use your Token Metrics credentials with any other service.
Password Complexity - Avoid using overly simple or short passwords. Instead, opt for longer passwords that consist of standard words that you can easily remember, or consider using the first letter of each word in a sentence or phrase. The longer the password, the more difficult it is to crack.
Password Change Frequency - Regularly changing your password complements its complexity. Expired passwords become useless to potential hackers.
You can also enhance your password by including special characters such as "^". Recent surveys have shown that this is the least commonly used special character in passwords.
Password Management
Avoid writing passwords down or keeping them in text files or documents.Secure password managers should be used to store and manage passwords.A recommended open-source and offline password manager is KeePassXC
Role of Cryptocurrency Security Standards
Cryptocurrency Security Standards (CCSS) are a framework of security protocols designed by the Cryptocurrency Certification Consortium (C4).
This standardized set of rules provides essential guidelines for organizations handling cryptocurrencies, ensuring the safe management and security of these digital assets.
CCSS covers various security aspects, such as key generation, storage, and transaction operations, protecting against potential cyber and physical threats.
Organizations adhering to CCSS undergo regular audits and are classified into three security levels. While not a guarantee against attacks, CCSS adherence signifies a platform's commitment to proactive security, offering users a safer environment for their crypto transactions.
Examples of Crypto Thefts
Although blockchain technology is highly secure, it is not completely immune to breaches. Here are some notable cryptocurrency thefts in history that highlight the importance of crypto security:
1. WazirX 2024 - In a major security breach, the Indian cryptocurrency exchange WazirX reported that over $230 million worth of cryptocurrencies were stolen from its platform.
The attack occurred in one of WazirX's multi-signature wallets, which required multiple private keys to access.
The company said the breach stemmed from a discrepancy between the data displayed on its custody provider Liminal's interface and the actual transaction contents.
As a result, WazirX has temporarily halted all rupee and crypto withdrawals to ensure the safety of customer assets. The incident highlights cryptocurrency exchanges' security challenges and the need for robust security measures to protect user funds.
2. Mt. Gox (2014): Once handling over 70% of all Bitcoin transactions worldwide, Mt. Gox was hacked in 2014, resulting in a loss of around 850,000 Bitcoins, then worth around $460 million.
This event remains one of the most infamous episodes in crypto history, leading to the platform's eventual bankruptcy.
3. Coincheck (2018): The Tokyo-based exchange suffered one of the biggest crypto heists when hackers stole NEM tokens worth around $534 million.
The attack exploited a weakness in Coincheck's security system. The exchange stored its assets in a hot wallet instead of a more secure cold one.
4. Binance (2019): In a large-scale security breach, hackers withdrew 7000 Bitcoins (around $44 million) from the world's largest cryptocurrency exchange by trading volume.
Binance confirmed that the hackers employed various methods, including phishing and viruses, to obtain many 2FA codes and API keys.
These instances underscore the significant security risks present in the cryptocurrency sector. They serve as reminders of the need for robust security measures and the importance of due diligence when handling cryptocurrencies.
Even as technology matures and security improves, remaining vigilant about potential risks is essential in crypto.
Conclusion
As the cryptocurrency market continues to grow, it becomes increasingly critical to prioritize security to protect our investments and maintain the overall integrity of the blockchain ecosystem.
Crypto security is not just essential; it is an absolute necessity for anyone venturing into the world of digital currencies. Stay safe, stay secure, and remember: your digital wealth is your responsibility.
Disclaimer
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.
CryptoPM does not recommend buying, selling, or holding any cryptocurrency. Conduct your due diligence and consult your financial advisor before making investment decisions.
#CryptoSecurity #CryptoSecurityResponse #CryptoSecurityIncidents #CryptoSafety
The groundbreaking invention of cryptocurrency has revolutionized financial systems and empowered individuals worldwide.
However, operating in a digital sphere makes cryptocurrencies susceptible to hacking and fraud.
Therefore, understanding crypto security and implementing effective measures to safeguard your investments is vital for every investor, trader, or enthusiast in the crypto sphere.
Understanding Cryptocurrency and Its Security
Before delving into the importance of crypto security, let's take a step back to understand cryptocurrency. Cryptocurrency is a digital or virtual form of currency that is secured by cryptography.
This encryption makes it nearly impossible to double-spend or counterfeit. Cryptocurrencies operate on decentralized platforms called blockchain technology, which is a distributed ledger enforced by a network of computers known as nodes.
Crypto security involves protecting these digital assets through various measures and practices to protect the user's funds and personal information from potential cyber threats.
The importance of cryptocurrency security is directly linked to the technology's unique characteristics.
The Importance of Crypto Security
Crypto security plays a crucial role in various aspects of the cryptocurrency ecosystem. Let's explore the key reasons why it is essential:
1. Prevention of Asset Theft: Since cryptocurrency transactions are irreversible, losing access to your funds can be costly.
Unlike traditional banking systems, blockchain technology offers no luxury where transactions can be disputed or reversed. Therefore, top-notch security measures are vital to prevent the theft of these digital assets.
2. Maintaining Anonymity: Many users turn to cryptocurrencies for their promise of privacy. Users' identities can be exposed without proper security measures, leading to significant risks, including financial loss and personal safety concerns.
3. Preservation of Wealth: Cryptocurrencies have become a popular investment choice with the burgeoning crypto market. Without adequate security measures, your digital wealth may be at risk.
4. Investor Confidence: The safety of digital currencies directly impacts investor confidence. If a platform cannot offer robust security measures, it risks losing users' trust. Consequently, strong security protocols contribute to the overall growth of the crypto ecosystem.
Key Elements of Crypto Security
To ensure the security of your cryptocurrencies, it is essential to understand the key elements that make up a secure crypto environment. Let's explore these crucial aspects:
1. Wallets: Crypto wallets are essential to digital currency security. Wallets can be software- or hardware-based; hardware-based wallets are generally considered more secure. Keeping your wallet's private keys safe is crucial, and consider using multi-signature wallets for added security.
2. Secure Internet Connection: Always ensure your internet connection is secure when dealing with cryptocurrencies. Avoid using public Wi-Fi networks for crypto transactions, as they can be hotspots for cyber threats.
3. Exchanges: Not all cryptocurrency exchanges are created equal. Before committing to an exchange, research its security measures. Look for features like two-factor authentication (2FA), cold storage, and withdrawal whitelists.
4. Education: Understanding the technology behind cryptocurrencies and the various threats you could face is crucial. Regularly keep yourself updated with the latest security trends and threats in the crypto space.
Common Security Risks Associated with Crypto
Navigating the cryptocurrency landscape involves knowing its potential security risks. Here are some common security threats you should know:
1. Phishing Attacks: Phishing attacks occur when an attacker masquerades as a trustworthy entity to trick victims into revealing sensitive information, such as login credentials and wallet private keys. Phishing can happen via email, text messages, or even fake websites.
2. Exchange Hacks: While cryptocurrency exchanges have bolstered their security measures over the years, they are still lucrative targets for hackers. In these attacks, hackers exploit security vulnerabilities to steal funds from exchange users.
3. Email Attacks: Email attacks are among the most prevalent and successful threats on the Internet. Adversaries often launch large-scale phishing campaigns to infiltrate organizations.
These emails can carry malicious files, such as viruses and malware, or direct recipients to harmful websites. Also, they attempt to deceive individuals into divulging personal information, such as usernames and passwords.
It is worth noting that cybercriminals leveraging email as an attack vector are becoming increasingly adept at evading detection.
Consequently, relying solely on technology to block these evolving email threats offers limited effectiveness.
4. Wallet Hacks: Crypto wallets, especially those connected to the internet (hot wallets), are susceptible to attacks. If an attacker gains access to your wallet's private keys, they can drain your funds.
5. Ponzi and Pyramid Schemes: These fraud schemes promise high returns to investors but rely on funds from new participants to pay profits to earlier investors. Eventually, when new investors dry up, the scheme collapses.
Awareness of these common risks is the first step towards better protection in the crypto space. As an investor or trader, you should always stay vigilant and double-check any information or transactions you encounter.
How to Protect Your Cryptocurrencies?
To protect your digital investments, consider implementing the following steps:
1. Use Secure Wallets: Opt for wallets known for their strong security features. Hardware wallets, which store your private keys offline, offer higher security than online wallets.
2. Implement Two-Factor Authentication (2FA): Two-Factor Authentication adds an extra layer of security to your accounts. Even if your password is compromised, an attacker still needs your second factor to access your account.
3. Don't keep Coins on Exchanges: The phrase "Not your keys, not your coins" is a fundamental principle in the cryptocurrency community.
It emphasizes that if you don't hold the private keys to your digital assets, you don't truly own them.
This concept underscores the importance of self-custody and the risks associated with leaving your cryptocurrencies on centralized exchanges or with third-party custodians.
The recent WazirX hack is a prime example of why this principle is crucial for crypto users to understand and follow.
3. Keep Software Up-to-date: Ensure that your devices, wallets, and apps are current. Updates often include security enhancements that protect against newly discovered threats.
4. Use Secure Networks: Avoid conducting crypto transactions over public Wi-Fi networks. These networks can be insecure, making it easier for hackers to intercept sensitive data.
5. Be Wary of Phishing Attempts: Be vigilant about potential phishing attempts. Always double-check emails and messages, especially those prompting you to reveal sensitive information.
While there is no foolproof way to guard against all crypto security threats, these steps can greatly reduce your exposure to risk and help keep your investments safe.
6. Email Do's and Don'ts: Always verify the sender of a message. Always hover over web page links (URLs) in email messages to see where they link to – beware of URL shortening services (like bit.ly) that may obscure the final website destination.
Be skeptical of messages with odd spelling/grammar, improper logos, or requests to upgrade or verify your account. Report suspicious emails immediately.
How to Secure Your Password?
Password Reuse—Maintain different credentials for each service. Hackers know that it can be challenging to remember multiple passwords.
If they obtain one, they will attempt to use it to gain unauthorized access to other services. Never use your Token Metrics credentials with any other service.
Password Complexity - Avoid using overly simple or short passwords. Instead, opt for longer passwords that consist of standard words that you can easily remember, or consider using the first letter of each word in a sentence or phrase. The longer the password, the more difficult it is to crack.
Password Change Frequency - Regularly changing your password complements its complexity. Expired passwords become useless to potential hackers.
You can also enhance your password by including special characters such as "^". Recent surveys have shown that this is the least commonly used special character in passwords.
Password Management
Avoid writing passwords down or keeping them in text files or documents.Secure password managers should be used to store and manage passwords.A recommended open-source and offline password manager is KeePassXC
Role of Cryptocurrency Security Standards
Cryptocurrency Security Standards (CCSS) are a framework of security protocols designed by the Cryptocurrency Certification Consortium (C4).
This standardized set of rules provides essential guidelines for organizations handling cryptocurrencies, ensuring the safe management and security of these digital assets.
CCSS covers various security aspects, such as key generation, storage, and transaction operations, protecting against potential cyber and physical threats.
Organizations adhering to CCSS undergo regular audits and are classified into three security levels. While not a guarantee against attacks, CCSS adherence signifies a platform's commitment to proactive security, offering users a safer environment for their crypto transactions.
Examples of Crypto Thefts
Although blockchain technology is highly secure, it is not completely immune to breaches. Here are some notable cryptocurrency thefts in history that highlight the importance of crypto security:
1. WazirX 2024 - In a major security breach, the Indian cryptocurrency exchange WazirX reported that over $230 million worth of cryptocurrencies were stolen from its platform.
The attack occurred in one of WazirX's multi-signature wallets, which required multiple private keys to access.
The company said the breach stemmed from a discrepancy between the data displayed on its custody provider Liminal's interface and the actual transaction contents.
As a result, WazirX has temporarily halted all rupee and crypto withdrawals to ensure the safety of customer assets. The incident highlights cryptocurrency exchanges' security challenges and the need for robust security measures to protect user funds.
2. Mt. Gox (2014): Once handling over 70% of all Bitcoin transactions worldwide, Mt. Gox was hacked in 2014, resulting in a loss of around 850,000 Bitcoins, then worth around $460 million.
This event remains one of the most infamous episodes in crypto history, leading to the platform's eventual bankruptcy.
3. Coincheck (2018): The Tokyo-based exchange suffered one of the biggest crypto heists when hackers stole NEM tokens worth around $534 million.
The attack exploited a weakness in Coincheck's security system. The exchange stored its assets in a hot wallet instead of a more secure cold one.
4. Binance (2019): In a large-scale security breach, hackers withdrew 7000 Bitcoins (around $44 million) from the world's largest cryptocurrency exchange by trading volume.
Binance confirmed that the hackers employed various methods, including phishing and viruses, to obtain many 2FA codes and API keys.
These instances underscore the significant security risks present in the cryptocurrency sector. They serve as reminders of the need for robust security measures and the importance of due diligence when handling cryptocurrencies.
Even as technology matures and security improves, remaining vigilant about potential risks is essential in crypto.
Conclusion
As the cryptocurrency market continues to grow, it becomes increasingly critical to prioritize security to protect our investments and maintain the overall integrity of the blockchain ecosystem.
Crypto security is not just essential; it is an absolute necessity for anyone venturing into the world of digital currencies. Stay safe, stay secure, and remember: your digital wealth is your responsibility.
Disclaimer
The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website's content as such.
CryptoPM does not recommend buying, selling, or holding any cryptocurrency. Conduct your due diligence and consult your financial advisor before making investment decisions.
#CryptoSecurity #CryptoSecurityResponse #CryptoSecurityIncidents #CryptoSafety
ترجمة
Check this out
Crypto PM
--
Mastering Cryptocurrency Fundamentals: A Beginner's Guide to Smart Investing
Hey there, cryptopm fam🌟
Ready to dive into the world of digital assets but feeling a bit overwhelmed? Don't worry, you're in the right place. Let's break down the essentials of cryptocurrency fundamental analysis so you can make smart, informed decisions. Whether you're new to the game or looking to sharpen your skills, this guide is here to help!
The Ever-Changing Crypto Landscape 🌐
The crypto market is a wild ride—one minute, a coin's value is soaring, and the next, it's plummeting. With over 25,000 digital assets and a market cap that once hit $3 trillion, it's clear that cryptocurrency is here to stay. And guess what? It's not just for the tech-savvy; younger folks are diving in too, with most traders under 40!
But how do you navigate this volatile market? By mastering both fundamental and technical analysis. This guide focuses on the former, giving you the tools to evaluate the true potential of various cryptocurrencies.
What Is Trading? 📈
Trading is all about buying and selling assets. In the financial markets, these assets can be stocks, bonds, currencies, and yes, cryptocurrencies. To trade effectively, you need a good grasp of fundamental, technical, and sentiment analysis. Let’s start with the basics of fundamental analysis (FA).
Fundamental Analysis (FA): The Basics 🧐
Fundamental analysis helps investors determine the intrinsic value of an asset. By evaluating factors like financial statements, industry trends, and market conditions, you can gauge whether an asset is overvalued or undervalued. This approach debuted with the 1934 book "Security Analysis," which argued that investors should consider all fundamentals before investing.
In the traditional stock market, FA uses metrics like Earnings Per Share (EPS) and the price-to-book ratio. But what about crypto?
Crypto Fundamental Analysis 🔍
Crypto FA is a bit different. It includes three main metrics:
On-Chain Metrics: These involve data extracted from a blockchain’s public ledger, like hash rate, active addresses, and transaction values.Project Metrics: This involves analyzing a crypto project’s whitepaper, team, competitors, and roadmap.Financial Metrics: These include market capitalization, liquidity, trading volume, and circulating supply.
On-Chain Metrics 🌐
On-chain analysis involves looking at blockchain data to assess the economic activity within a network. For instance, Bitcoin's hash rate measures the total computational power used to process transactions, indicating network security and miner interest. Active addresses show how many unique addresses are involved in transactions, while transaction values and fees reflect the currency’s circulation.
Project Metrics 📊
Project metrics take a qualitative approach. You’ll want to scrutinize the project's team, their experience, and the whitepaper detailing the project’s purpose and technology. Analyze competitors to see how your chosen project stacks up, and examine the roadmap for future developments.
Financial Metrics 💰
In crypto, market capitalization (total value of all mined coins) is a key metric. Liquidity indicates how easily an asset can be converted to cash, and trading volume shows how often a currency changes hands. The circulating supply gives you an idea of how many coins are in the market, influencing price stability.
Free Fundamental Analysis Crypto Tools
Several free tools are available to assist in conducting quality fundamental analysis.
It’s important to mention that top crypto analysis platforms such as Messari, Glassnode, Dune, Nansen, IntoTheBlock, and CryptoQuant offer comprehensive tools. However, this article focuses elsewhere, as their most advanced analytics are primarily behind a paywall. Yet, it’s worth checking out their free indicators, which can be quite helpful.
1. CoinMarketCap
CoinMarketCap is the go-to platform to check the current price of all crypto assets, plus some basic but valuable indicators, such as market capitalization, trading volume, and circulating supply, among others.
By default, the platform ranks cryptocurrencies by market cap, listing the price of each crypto coin and its main indicators on the home page.
By clicking on each coin, you can access a more detailed analysis. This includes:
Price chart across various timeframes
Market cap dynamics
List of exchanges where the coin is traded.
You’ll also find the latest relevant news, a brief overview of the crypto project, along with several analytical tools such as the number of addresses, the share of whales (large investors), transaction fees, and others. Additionally, there are links to the project’s official website, social media pages, and whitepaper.
2. Token Terminal
Token Terminal is a blockchain data platform that offers key metrics across major chains, including Bitcoin, Ethereum, Avalanche, Solana, Cardano, and others.
There is a search bar at the top of the terminal page where you can type any blockchain or crypto project you’re interested in. This will lead you to a dedicated page that includes a short description of the project on the right side and a list of key metrics, including the price, market cap, trading volume, total value locked (TVL), active users, fees, revenue, and more.
What I like about Token Terminal is that you can access multiple charts by scrolling down on a project’s page. The charts can display all the key on-chain metrics, which can be switched on and off on the right side.
Token Terminal has many interesting tools available only for pro users, but you can do some great analysis without any subscription as well.
A great tool is the financial statements of multiple projects, which shows the dynamics of fees, revenue, token prices, and more.
3. DappRadar
DappRadar is the best analytics tool for decentralized applications (dapps), which are built on blockchains offering the smart contract feature. The platform ranks all dapps and provides many great tools for different categories, including decentralized finance (DeFi), non-fungible tokens (NFTs), games, chains, and tokens.
As with Token Terminal, there is a search bar at the top to look for any dapp or token you’re interested in. Every dapp profile displays basic info and key metrics, including TVL, market cap, token price, pools, etc.
DappRadar is especially popular for its rankings, such as the top smart contract blockchains, top DeFi protocols, top NFT collections, and top NFT marketplaces, among others.
4. TradingView
TradingView is a charting platform used by over 50 million traders and investors to monitor price movements and financial metrics. It was originally created for traditional instruments, including stocks, commodities, and foreign exchange pairs. Today, it supports hundreds of cryptocurrencies as well.
As a charting platform, TradingView is mostly used for technical analysis, as you can detect special patterns on the candlestick charts, add all types of indicators, and test trading strategies.
However, you can still use it as a fundamental analysis tool by analyzing multiple crypto metrics on its charts. There is a little secret you should know about – with TradingView, you can visualize metrics that are available only for subscribed members on other sources. For example, you can see a lot of metrics from IntoTheBlock, like active addresses, which are actually for paid subscribers on their platform. Here is an example of AAVE:
We can also compare the evolution of the number of investors and the number of whales on TradingView:
5. DefiLlama
DeFiLlama is the go-to analysis platform for DeFi investors. It displays all DeFi protocols, chains, categories, and liquidity pools. It lists data on thousands of different coins and tokens.
Previously, DeFi Pulse was the main platform to monitor the DeFi space, but the resource shut down a few years ago, with DefiLlama replacing it as the leading DeFi analytics platform.
DeFiLlama lists over 3,000 DeFi projects, providing key metrics and stats for each protocol.
DeFiLlama also displays the main DeFi categories, oracles, liquidity pools, and blockchains. It is the most comprehensive DeFi analysis tool at the moment, and it’s free to use.
Conclusion 🌟
Understanding these fundamental analysis metrics can give you a solid foundation for making informed crypto investments. Combine this with technical analysis to get a complete picture of the market and make smart trading decisions. Happy trading, and may your crypto journey be profitable and exciting! 🚀
THAT'S ALL FOR TODAY... HOPE YOU FOUND THIS HELPFUL
#BlockchainAnalysis #FundamentalAnalysis #TokenMatrics #cryptopm #FA
Ready to dive into the world of digital assets but feeling a bit overwhelmed? Don't worry, you're in the right place. Let's break down the essentials of cryptocurrency fundamental analysis so you can make smart, informed decisions. Whether you're new to the game or looking to sharpen your skills, this guide is here to help!
The Ever-Changing Crypto Landscape 🌐
The crypto market is a wild ride—one minute, a coin's value is soaring, and the next, it's plummeting. With over 25,000 digital assets and a market cap that once hit $3 trillion, it's clear that cryptocurrency is here to stay. And guess what? It's not just for the tech-savvy; younger folks are diving in too, with most traders under 40!
But how do you navigate this volatile market? By mastering both fundamental and technical analysis. This guide focuses on the former, giving you the tools to evaluate the true potential of various cryptocurrencies.
What Is Trading? 📈
Trading is all about buying and selling assets. In the financial markets, these assets can be stocks, bonds, currencies, and yes, cryptocurrencies. To trade effectively, you need a good grasp of fundamental, technical, and sentiment analysis. Let’s start with the basics of fundamental analysis (FA).
Fundamental Analysis (FA): The Basics 🧐
Fundamental analysis helps investors determine the intrinsic value of an asset. By evaluating factors like financial statements, industry trends, and market conditions, you can gauge whether an asset is overvalued or undervalued. This approach debuted with the 1934 book "Security Analysis," which argued that investors should consider all fundamentals before investing.
In the traditional stock market, FA uses metrics like Earnings Per Share (EPS) and the price-to-book ratio. But what about crypto?
Crypto Fundamental Analysis 🔍
Crypto FA is a bit different. It includes three main metrics:
On-Chain Metrics: These involve data extracted from a blockchain’s public ledger, like hash rate, active addresses, and transaction values.Project Metrics: This involves analyzing a crypto project’s whitepaper, team, competitors, and roadmap.Financial Metrics: These include market capitalization, liquidity, trading volume, and circulating supply.
On-Chain Metrics 🌐
On-chain analysis involves looking at blockchain data to assess the economic activity within a network. For instance, Bitcoin's hash rate measures the total computational power used to process transactions, indicating network security and miner interest. Active addresses show how many unique addresses are involved in transactions, while transaction values and fees reflect the currency’s circulation.
Project Metrics 📊
Project metrics take a qualitative approach. You’ll want to scrutinize the project's team, their experience, and the whitepaper detailing the project’s purpose and technology. Analyze competitors to see how your chosen project stacks up, and examine the roadmap for future developments.
Financial Metrics 💰
In crypto, market capitalization (total value of all mined coins) is a key metric. Liquidity indicates how easily an asset can be converted to cash, and trading volume shows how often a currency changes hands. The circulating supply gives you an idea of how many coins are in the market, influencing price stability.
Free Fundamental Analysis Crypto Tools
Several free tools are available to assist in conducting quality fundamental analysis.
It’s important to mention that top crypto analysis platforms such as Messari, Glassnode, Dune, Nansen, IntoTheBlock, and CryptoQuant offer comprehensive tools. However, this article focuses elsewhere, as their most advanced analytics are primarily behind a paywall. Yet, it’s worth checking out their free indicators, which can be quite helpful.
1. CoinMarketCap
CoinMarketCap is the go-to platform to check the current price of all crypto assets, plus some basic but valuable indicators, such as market capitalization, trading volume, and circulating supply, among others.
By default, the platform ranks cryptocurrencies by market cap, listing the price of each crypto coin and its main indicators on the home page.
By clicking on each coin, you can access a more detailed analysis. This includes:
Price chart across various timeframes
Market cap dynamics
List of exchanges where the coin is traded.
You’ll also find the latest relevant news, a brief overview of the crypto project, along with several analytical tools such as the number of addresses, the share of whales (large investors), transaction fees, and others. Additionally, there are links to the project’s official website, social media pages, and whitepaper.
2. Token Terminal
Token Terminal is a blockchain data platform that offers key metrics across major chains, including Bitcoin, Ethereum, Avalanche, Solana, Cardano, and others.
There is a search bar at the top of the terminal page where you can type any blockchain or crypto project you’re interested in. This will lead you to a dedicated page that includes a short description of the project on the right side and a list of key metrics, including the price, market cap, trading volume, total value locked (TVL), active users, fees, revenue, and more.
What I like about Token Terminal is that you can access multiple charts by scrolling down on a project’s page. The charts can display all the key on-chain metrics, which can be switched on and off on the right side.
Token Terminal has many interesting tools available only for pro users, but you can do some great analysis without any subscription as well.
A great tool is the financial statements of multiple projects, which shows the dynamics of fees, revenue, token prices, and more.
3. DappRadar
DappRadar is the best analytics tool for decentralized applications (dapps), which are built on blockchains offering the smart contract feature. The platform ranks all dapps and provides many great tools for different categories, including decentralized finance (DeFi), non-fungible tokens (NFTs), games, chains, and tokens.
As with Token Terminal, there is a search bar at the top to look for any dapp or token you’re interested in. Every dapp profile displays basic info and key metrics, including TVL, market cap, token price, pools, etc.
DappRadar is especially popular for its rankings, such as the top smart contract blockchains, top DeFi protocols, top NFT collections, and top NFT marketplaces, among others.
4. TradingView
TradingView is a charting platform used by over 50 million traders and investors to monitor price movements and financial metrics. It was originally created for traditional instruments, including stocks, commodities, and foreign exchange pairs. Today, it supports hundreds of cryptocurrencies as well.
As a charting platform, TradingView is mostly used for technical analysis, as you can detect special patterns on the candlestick charts, add all types of indicators, and test trading strategies.
However, you can still use it as a fundamental analysis tool by analyzing multiple crypto metrics on its charts. There is a little secret you should know about – with TradingView, you can visualize metrics that are available only for subscribed members on other sources. For example, you can see a lot of metrics from IntoTheBlock, like active addresses, which are actually for paid subscribers on their platform. Here is an example of AAVE:
We can also compare the evolution of the number of investors and the number of whales on TradingView:
5. DefiLlama
DeFiLlama is the go-to analysis platform for DeFi investors. It displays all DeFi protocols, chains, categories, and liquidity pools. It lists data on thousands of different coins and tokens.
Previously, DeFi Pulse was the main platform to monitor the DeFi space, but the resource shut down a few years ago, with DefiLlama replacing it as the leading DeFi analytics platform.
DeFiLlama lists over 3,000 DeFi projects, providing key metrics and stats for each protocol.
DeFiLlama also displays the main DeFi categories, oracles, liquidity pools, and blockchains. It is the most comprehensive DeFi analysis tool at the moment, and it’s free to use.
Conclusion 🌟
Understanding these fundamental analysis metrics can give you a solid foundation for making informed crypto investments. Combine this with technical analysis to get a complete picture of the market and make smart trading decisions. Happy trading, and may your crypto journey be profitable and exciting! 🚀
THAT'S ALL FOR TODAY... HOPE YOU FOUND THIS HELPFUL
#BlockchainAnalysis #FundamentalAnalysis #TokenMatrics #cryptopm #FA
ترجمة
Shit coin strategy
Crypto PM
--
Every Day We Hear That Someone Turned $98 To $45k Or SMTH...
Some people believe, some don't, but most don't ask HOW?
I was curious, so I decided to analyzed 100+ 1000x trades and the results are shocking.
That’s what stays behind the scene, or how to turn $1 to $1k 👇 🧵
There are two ways of making money from memes:
1. Buy a full bag and pray.
2. Buy 1% of depo and wait for a return.
Memecoin meta is still booming and thousands of tokens are released every day.
And every day, there is a token that makes 100 or even 1000x.
I'm going to show you how to determine these tokens and maximize your chances of a great catch.
One of the trading strategies to top up your portfolio would be to invest in lots of projects at their launch.
Just make sure you invest only 1% or less of your overall deposit.
You better begin with even less, so you can learn how to hunt 1000x returns.
Here is a great example:
This wallet bought $0.03 worth of $CATDOG right after the token was listed.
He got 1.5M tokens and the ATH of CATDOG was $0.00032.
If he sold at peak price, he would have had nearly $600, that's 20,000x.
So how do you find the tokens with 1000x potential?
Head to - http://dexscreener.com
Go to SOL tokens
Filter out by pair age - 1h
Open every single one of them and check socials and websites.
Make sure ur token has T/G, Twitter, and website. The main factor here is quality.
If the design of the tokens was made in 5 minutes from memes, it isn't worth a penny.
But if the project has a unique idea and great designs, it's a must-do.
There are at least 5-10 projects a day that make great Xs.
So you need to find a couple of them and distribute a small sum like $1-10.
That way, you will increase your chances of finding a gem.
Also, a great way to secure gems would be Moonshot and PumpFun.
On Moonshot, you can see the project's socials and check their eligibility for yourself.
On the other hand, PumpFun allows you to see traders' chat and define the project's value.
Try to find the project with 93-95% of bonding curve progress.
When the progress is finished, all the liquidity will migrate to Radium.
After listing on Radium, the token instantly pumps 2-3x and may not come down.
If doubts start to appear after the listing, you can still secure those Xs and dip the project.
If you found this info valuable, don't forget to follow me - @Crypto PM
#Whale.Alert #WhaleAlert #cryptopm #Memecoins🤑🤑 #memecoin🚀🚀🚀
I was curious, so I decided to analyzed 100+ 1000x trades and the results are shocking.
That’s what stays behind the scene, or how to turn $1 to $1k 👇 🧵
There are two ways of making money from memes:
1. Buy a full bag and pray.
2. Buy 1% of depo and wait for a return.
Memecoin meta is still booming and thousands of tokens are released every day.
And every day, there is a token that makes 100 or even 1000x.
I'm going to show you how to determine these tokens and maximize your chances of a great catch.
One of the trading strategies to top up your portfolio would be to invest in lots of projects at their launch.
Just make sure you invest only 1% or less of your overall deposit.
You better begin with even less, so you can learn how to hunt 1000x returns.
Here is a great example:
This wallet bought $0.03 worth of $CATDOG right after the token was listed.
He got 1.5M tokens and the ATH of CATDOG was $0.00032.
If he sold at peak price, he would have had nearly $600, that's 20,000x.
So how do you find the tokens with 1000x potential?
Head to - http://dexscreener.com
Go to SOL tokens
Filter out by pair age - 1h
Open every single one of them and check socials and websites.
Make sure ur token has T/G, Twitter, and website. The main factor here is quality.
If the design of the tokens was made in 5 minutes from memes, it isn't worth a penny.
But if the project has a unique idea and great designs, it's a must-do.
There are at least 5-10 projects a day that make great Xs.
So you need to find a couple of them and distribute a small sum like $1-10.
That way, you will increase your chances of finding a gem.
Also, a great way to secure gems would be Moonshot and PumpFun.
On Moonshot, you can see the project's socials and check their eligibility for yourself.
On the other hand, PumpFun allows you to see traders' chat and define the project's value.
Try to find the project with 93-95% of bonding curve progress.
When the progress is finished, all the liquidity will migrate to Radium.
After listing on Radium, the token instantly pumps 2-3x and may not come down.
If doubts start to appear after the listing, you can still secure those Xs and dip the project.
If you found this info valuable, don't forget to follow me - @Crypto PM
#Whale.Alert #WhaleAlert #cryptopm #Memecoins🤑🤑 #memecoin🚀🚀🚀
ترجمة
Interesting piece
Crypto PM
--
Donald Trump's Machiavellian Plan Is The Most Bullish Thing I've Ever Seen!
If executed, anyone with 0.1 $BTC may never need to work again.
Let me explain everything to you 🧵🔽
In recent years, China and Russia have accumulated significant gold as part of a strategic shift in their economic policies.
They are not yet the countries with the largest gold reserves, but they have shown the largest reserve increase over the last five years.
Their goal is to back their currencies with gold to strengthen them against the dollar, which has not been backed by anything since the 1970s.
Even though the United States has the largest gold reserve in the world, when compared to the total money supply, this percentage is low.
But the United States didn’t need to back the dollar with gold because they had the petrodollar!
It refers to the global practice of trading oil in U.S. dollars, which strengthens the dollar by ensuring consistent global demand for it.
This system boosts the U.S. economy by attracting foreign investments in the U.S.
The petrodollar system is an agreement primarily between Saudi Arabia and the United States in the 1970s.
This agreement expired this year, allowing oil to be sold in any currency.
The non-renewal of this agreement weakens the dollar and opens the door for other states to strengthen their currencies.
Donald Trump understood all this, he realized that another solution was needed to strengthen the dollar, and given the amount of dollars in circulation, the gold reserve is not nearly enough to back the dollar.
He has repeatedly said he would not let any country take control over Bitcoin’s dominance.
The dollar was once backed by gold, which was the source of its initial power.
Trump believes it makes sense to do everything possible to back the dollar with digital gold: Bitcoin!
He even said that Bitcoin’s market capitalization will surpass that of gold!
His long-term plan, with the support of BlackRock and his allies, involves several steps:
Create a reserve of Bitcoin by accumulating as much BTC as possible.Pump Bitcoin and stabilize its price to surpass gold's market capitalization.Strengthen the dollar by backing it with a reserve similar to digital gold.
Moreover, unlike gold, Bitcoin is truly deflationary, there will never be more than 21 million.
This means Bitcoin would be a perfect reserve that increases in value over time, gradually strengthening the dollar.
Bitcoin is a more prosperous reserve than gold.
If in 2024 the USA holds 51% of the gold reserves, other powers can still mine more gold and regain dominance.
But if you have 51% of Bitcoin, you will have it forever, as no one can mine more.
If Trump becomes president and implements this plan, it will be extremely bullish for Bitcoin and the entire ecosystem.
I believe that anyone holding at least 0.1 $BTC at that time will never need to work again.
That’s a wrap!
#donaldtrump #BTC☀ #cryptopm #BinanceTournament #US_Job_Market_Slowdown
Let me explain everything to you 🧵🔽
In recent years, China and Russia have accumulated significant gold as part of a strategic shift in their economic policies.
They are not yet the countries with the largest gold reserves, but they have shown the largest reserve increase over the last five years.
Their goal is to back their currencies with gold to strengthen them against the dollar, which has not been backed by anything since the 1970s.
Even though the United States has the largest gold reserve in the world, when compared to the total money supply, this percentage is low.
But the United States didn’t need to back the dollar with gold because they had the petrodollar!
It refers to the global practice of trading oil in U.S. dollars, which strengthens the dollar by ensuring consistent global demand for it.
This system boosts the U.S. economy by attracting foreign investments in the U.S.
The petrodollar system is an agreement primarily between Saudi Arabia and the United States in the 1970s.
This agreement expired this year, allowing oil to be sold in any currency.
The non-renewal of this agreement weakens the dollar and opens the door for other states to strengthen their currencies.
Donald Trump understood all this, he realized that another solution was needed to strengthen the dollar, and given the amount of dollars in circulation, the gold reserve is not nearly enough to back the dollar.
He has repeatedly said he would not let any country take control over Bitcoin’s dominance.
The dollar was once backed by gold, which was the source of its initial power.
Trump believes it makes sense to do everything possible to back the dollar with digital gold: Bitcoin!
He even said that Bitcoin’s market capitalization will surpass that of gold!
His long-term plan, with the support of BlackRock and his allies, involves several steps:
Create a reserve of Bitcoin by accumulating as much BTC as possible.Pump Bitcoin and stabilize its price to surpass gold's market capitalization.Strengthen the dollar by backing it with a reserve similar to digital gold.
Moreover, unlike gold, Bitcoin is truly deflationary, there will never be more than 21 million.
This means Bitcoin would be a perfect reserve that increases in value over time, gradually strengthening the dollar.
Bitcoin is a more prosperous reserve than gold.
If in 2024 the USA holds 51% of the gold reserves, other powers can still mine more gold and regain dominance.
But if you have 51% of Bitcoin, you will have it forever, as no one can mine more.
If Trump becomes president and implements this plan, it will be extremely bullish for Bitcoin and the entire ecosystem.
I believe that anyone holding at least 0.1 $BTC at that time will never need to work again.
That’s a wrap!
#donaldtrump #BTC☀ #cryptopm #BinanceTournament #US_Job_Market_Slowdown
ترجمة
Informative
BullishBanter
--
Recently, I noticed that many people misunderstand how leverage works. When I opened a 100x leverage position, my actual exposure was less than the full position. Some believe that a 100x leverage order means you're trading with 100 times your initial capital. This is incorrect and can easily mislead by influencers promoting trades. These influencers can suggest trades at any time, regardless of market direction, showing impressive returns without explaining the risks involved. For example, I've seen influencers boast about high returns on a position of less than $10, but the actual profit was minimal.
Let's take a $100 margin as an example. With 100x leverage, you can control $10,000 worth of assets. You have $100, and the exchange "loans" you $9,900. If you fully utilize this leverage, a market move of about 0.7% can liquidate your position, losing your $100 margin to the exchange. However, you don't have to use all the available funds. You can choose to open positions worth $1 (1% of your margin), $10 (10% of your margin), $100 (equal to your margin), or even $1,000 (10 times your margin).
Many influencers who encourage high-leverage trading do so to impress with potential returns, often hundreds or thousands of percent. However, this strategy can easily deceive newcomers. For instance, while BTC and ETH may have minimum position requirements, many altcoins allow positions as low as $1. With 100x leverage on these altcoins, you can spread your $1,000 margin across multiple small positions, reducing the risk of liquidation. This tactic allows influencers to post frequent, seemingly impressive results without substantial risk.
It's essential to understand leverage properly to avoid being misled. High leverage can magnify both gains and losses, so it's crucial to manage your risk and not be swayed by influencers' high-return claims. Always consider the true exposure and potential risk when trading with leverage.
#Write2Earn! #BullBanter #BinanceTurns7 #SOFR_Spike #altcoinsbanter
Let's take a $100 margin as an example. With 100x leverage, you can control $10,000 worth of assets. You have $100, and the exchange "loans" you $9,900. If you fully utilize this leverage, a market move of about 0.7% can liquidate your position, losing your $100 margin to the exchange. However, you don't have to use all the available funds. You can choose to open positions worth $1 (1% of your margin), $10 (10% of your margin), $100 (equal to your margin), or even $1,000 (10 times your margin).
Many influencers who encourage high-leverage trading do so to impress with potential returns, often hundreds or thousands of percent. However, this strategy can easily deceive newcomers. For instance, while BTC and ETH may have minimum position requirements, many altcoins allow positions as low as $1. With 100x leverage on these altcoins, you can spread your $1,000 margin across multiple small positions, reducing the risk of liquidation. This tactic allows influencers to post frequent, seemingly impressive results without substantial risk.
It's essential to understand leverage properly to avoid being misled. High leverage can magnify both gains and losses, so it's crucial to manage your risk and not be swayed by influencers' high-return claims. Always consider the true exposure and potential risk when trading with leverage.
#Write2Earn! #BullBanter #BinanceTurns7 #SOFR_Spike #altcoinsbanter
ترجمة
Motivation
#BOME BY AGE 40 YOU SHOULD BE SMART ENOUGH TO REALIZE THIS:
1. Someone makes 10x more than you do in a 9-5 job because they have more "leverage" with their work.
2. Distraction is the greatest killer of success. It stunts and destroys your brain.
3. You shouldn't take advice from people who are not where you want to be in life.
4. No one is coming to save your problems. Your life's 100% your responsibility.
5. You don't need 100 self-help books, all you need is action and self discipline.
6. Unless you went to college to learn a specific skill (ie. doctor, engineer, lawyer), you can make more money in the next 90 days just learning sales.
7. No one cares about you. So stop being shy, go out and create your chances.
8. If you find someone smarter than you, work with them, don't compete.
9. Smoking has 0 benefit in your life. This habit will only slow your thinking and lower your focus.
10. Comfort is the worst addiction and cheap ticket to depression.
11. Don't tell people more than they need to know, respect your privacy.
12. Avoid alcohol at all cost. Nothing worse than losing your senses and acting a fool.
13. Keep your standards high and don't settle for something because it's available.
14. The family you create is more important than the family you come from.
15. Train yourself to take nothing personally to save yourself from 99.99% of mental problems.
1. Someone makes 10x more than you do in a 9-5 job because they have more "leverage" with their work.
2. Distraction is the greatest killer of success. It stunts and destroys your brain.
3. You shouldn't take advice from people who are not where you want to be in life.
4. No one is coming to save your problems. Your life's 100% your responsibility.
5. You don't need 100 self-help books, all you need is action and self discipline.
6. Unless you went to college to learn a specific skill (ie. doctor, engineer, lawyer), you can make more money in the next 90 days just learning sales.
7. No one cares about you. So stop being shy, go out and create your chances.
8. If you find someone smarter than you, work with them, don't compete.
9. Smoking has 0 benefit in your life. This habit will only slow your thinking and lower your focus.
10. Comfort is the worst addiction and cheap ticket to depression.
11. Don't tell people more than they need to know, respect your privacy.
12. Avoid alcohol at all cost. Nothing worse than losing your senses and acting a fool.
13. Keep your standards high and don't settle for something because it's available.
14. The family you create is more important than the family you come from.
15. Train yourself to take nothing personally to save yourself from 99.99% of mental problems.
ترجمة
Very informative
CoinDesk
--
There Can (Probably) Be Only One Bitcoin
One of my key questions about the next era in crypto and blockchain is this: How will all the capital likely be deployed into digital assets and cryptocurrencies as they become better regulated?
More than 90% of the world’s financial and business assets are considered “on-shore” – that is, they are owned and managed by entities and people residing in the countries where they are bought and sold.
Today, most crypto-assets are bought and sold off-shore (I estimate about 80% based on data from CoinGecko). However, as more regulated opportunities open up, new capital will flow into these digital asset environments. I don’t, however, think there will be a huge new range of cryptocurrency growth opportunities.
If you read my columns regularly, you know that I strongly believe that Ethereum will follow the path of many other technology ecosystems towards dominance. Ethereum is, first and foremost, a technology platform. Yes, ETH is a cryptocurrency, but its main demand driver is for use, as a payment for transaction processing. I think over time, ETH will largely be subject to the laws of supply and demand for processing power on this “world computer.”
The technology industry needs and thrives upon standards that provide economies of scale and network effects. Ethereum has won the standards war for programming and has largely fixed its scalability issues, making it the default choice. Digital assets will, by and large, exist in the Ethereum ecosystem.
Digital assets can be much bigger than just a digital version of gold
Bitcoin isn’t subject to the same rules. Though people tend to lump them together, Bitcoin is a true crypto-asset and very much like gold; people don’t buy it with plans to use it. They buy it for its scarcity value and to see it appreciate as an asset. Like gold, people do not expect Bitcoin to generate a cash flow, just to appreciate through its scarcity.
Nor do I think that recent efforts to add a Layer 2 ecosystem to Bitcoin, similar to what exists in Ethereum, is likely to change this outcome. The Ethereum ecosystem has an enormous lead and Bitcoin users that want to make their asset programmable have already been migrating it into “wrapped” Bitcoins on Ethereum for some time.
So, can there be only one Bitcoin?
Theoretically, there can be infinite Bitcoins. It feels like there practically already are. Litecoin, Dogecoin, and countless other meme coins and cryptocurrencies are nearly identical copies of Bitcoin. And while there is no BrodyCoin as of yet, I do offer complimentary NFTs (get yours here!).
Despite the effectively infinite supply of Bitcoin copies, I suspect that there really can and only ever will be one Bitcoin, and it’s the one we already have. Let’s stick with the gold analogy. While there isn’t an infinite supply of gold, there are quite a few other precious metals out there. We could just as easily trade in silver or diamonds as gold.
Despite there being multiple options available, however, gold absolutely dominates the market for precious metals. The total market cap of global gold stores is estimated at $13.7 trillion. Silver comes in at just $1.3 trillion and the market cap. An order of magnitude separates gold from the next alternative and so I believe we will see Bitcoin retain a position in the order of a magnitude higher than any other alternative crypto asset.
I think this has a couple of important implications for people as they prepare for the next wave of growth in these markets that will come from a regulated era. The first is that inventing a new cryptocurrency isn’t necessarily going to be a path to success. Bitcoin has that role and, as people want digital gold, that is what they are going to buy.
Second, the world of digital assets should, and can be much bigger than just a digital version of gold. Oil is essential (for the moment) to the global economy and it’s 10 times larger than gold – doing $1.7 trillion in revenue (not to be confused with market cap) annually. Net new growth opportunities are likely to be much bigger by creating something that is used by consumers or needed by enterprises. That space is much larger than holding reserve assets. It’s where I’ll be looking for the next opportunities for real growth.
More than 90% of the world’s financial and business assets are considered “on-shore” – that is, they are owned and managed by entities and people residing in the countries where they are bought and sold.
Today, most crypto-assets are bought and sold off-shore (I estimate about 80% based on data from CoinGecko). However, as more regulated opportunities open up, new capital will flow into these digital asset environments. I don’t, however, think there will be a huge new range of cryptocurrency growth opportunities.
If you read my columns regularly, you know that I strongly believe that Ethereum will follow the path of many other technology ecosystems towards dominance. Ethereum is, first and foremost, a technology platform. Yes, ETH is a cryptocurrency, but its main demand driver is for use, as a payment for transaction processing. I think over time, ETH will largely be subject to the laws of supply and demand for processing power on this “world computer.”
The technology industry needs and thrives upon standards that provide economies of scale and network effects. Ethereum has won the standards war for programming and has largely fixed its scalability issues, making it the default choice. Digital assets will, by and large, exist in the Ethereum ecosystem.
Digital assets can be much bigger than just a digital version of gold
Bitcoin isn’t subject to the same rules. Though people tend to lump them together, Bitcoin is a true crypto-asset and very much like gold; people don’t buy it with plans to use it. They buy it for its scarcity value and to see it appreciate as an asset. Like gold, people do not expect Bitcoin to generate a cash flow, just to appreciate through its scarcity.
Nor do I think that recent efforts to add a Layer 2 ecosystem to Bitcoin, similar to what exists in Ethereum, is likely to change this outcome. The Ethereum ecosystem has an enormous lead and Bitcoin users that want to make their asset programmable have already been migrating it into “wrapped” Bitcoins on Ethereum for some time.
So, can there be only one Bitcoin?
Theoretically, there can be infinite Bitcoins. It feels like there practically already are. Litecoin, Dogecoin, and countless other meme coins and cryptocurrencies are nearly identical copies of Bitcoin. And while there is no BrodyCoin as of yet, I do offer complimentary NFTs (get yours here!).
Despite the effectively infinite supply of Bitcoin copies, I suspect that there really can and only ever will be one Bitcoin, and it’s the one we already have. Let’s stick with the gold analogy. While there isn’t an infinite supply of gold, there are quite a few other precious metals out there. We could just as easily trade in silver or diamonds as gold.
Despite there being multiple options available, however, gold absolutely dominates the market for precious metals. The total market cap of global gold stores is estimated at $13.7 trillion. Silver comes in at just $1.3 trillion and the market cap. An order of magnitude separates gold from the next alternative and so I believe we will see Bitcoin retain a position in the order of a magnitude higher than any other alternative crypto asset.
I think this has a couple of important implications for people as they prepare for the next wave of growth in these markets that will come from a regulated era. The first is that inventing a new cryptocurrency isn’t necessarily going to be a path to success. Bitcoin has that role and, as people want digital gold, that is what they are going to buy.
Second, the world of digital assets should, and can be much bigger than just a digital version of gold. Oil is essential (for the moment) to the global economy and it’s 10 times larger than gold – doing $1.7 trillion in revenue (not to be confused with market cap) annually. Net new growth opportunities are likely to be much bigger by creating something that is used by consumers or needed by enterprises. That space is much larger than holding reserve assets. It’s where I’ll be looking for the next opportunities for real growth.
ترجمة
Cool article on crypto wallets
#Write2Erarn
#Write2Erarn
Ilyas64184089
--
صاعد
💰 Where to store your crypto
If you care about security and decentralization you should store your crypto in hot and cold wallets.
▪️ Hot wallets are internet-enabled and online. Can be a mobile app or an internet browser extension.
▪️ Cold wallets are offline and come in the form of a physical device, they are more secure and if you have more than $10k in crypto you should definitely think about using a cold wallet.
🔥 Hot wallets:
All of them are available as web browser extensions, apps for Android and IOS
🔸 Metamask. Supports Ethereum-compatible blockchains.
🔸 Trust Wallet. Supports almost every popular blockchain. Perfect hot wallet to store BTC/ETH/SOL...
🔸 Coinbase Wallet. A decentralized wallet that supports Bitcoin, Solana, Litecoin, and Dogecoin blockchains.
🔸 Phantom. The best wallet for Solana blockchain.
🔸 Keplr. The best wallet for IBC blockchains like Cosmos, Osmosis...
❄️ Cold wallets:
All of them support such blockchains as Ethereum, Bitcoin, Litecoin, Solana, etc.
🔹 Ledger. The most popular cold wallet. Works with Windows, Mac, Linux, iOS, and Android.
🔹 SafePal. Uses QR-code technology.
🔹 Trezor. Open-source design.
All of the mentioned wallets can never be banned and your funds cannot be seized, they are fully decentralized and permissionless.
📌 Save this list for later, so you don't forget where to send your crypto when another centralized exchange is under attack
#cryptotips
#BinanceTournament
If you care about security and decentralization you should store your crypto in hot and cold wallets.
▪️ Hot wallets are internet-enabled and online. Can be a mobile app or an internet browser extension.
▪️ Cold wallets are offline and come in the form of a physical device, they are more secure and if you have more than $10k in crypto you should definitely think about using a cold wallet.
🔥 Hot wallets:
All of them are available as web browser extensions, apps for Android and IOS
🔸 Metamask. Supports Ethereum-compatible blockchains.
🔸 Trust Wallet. Supports almost every popular blockchain. Perfect hot wallet to store BTC/ETH/SOL...
🔸 Coinbase Wallet. A decentralized wallet that supports Bitcoin, Solana, Litecoin, and Dogecoin blockchains.
🔸 Phantom. The best wallet for Solana blockchain.
🔸 Keplr. The best wallet for IBC blockchains like Cosmos, Osmosis...
❄️ Cold wallets:
All of them support such blockchains as Ethereum, Bitcoin, Litecoin, Solana, etc.
🔹 Ledger. The most popular cold wallet. Works with Windows, Mac, Linux, iOS, and Android.
🔹 SafePal. Uses QR-code technology.
🔹 Trezor. Open-source design.
All of the mentioned wallets can never be banned and your funds cannot be seized, they are fully decentralized and permissionless.
📌 Save this list for later, so you don't forget where to send your crypto when another centralized exchange is under attack
#cryptotips
#BinanceTournament
ترجمة
Nice piece
How to make millions in your first bull run ‼️
It’s easy thank you think.
There's a common belief that it's impossible to get rich during your first bull run. I'm here to tell you that's not true.
I managed to make life-changing money in my first crypto bull run, and I'm going to share my experience and insights with you. The key to success? Learning to take profits and not getting too greedy.
I started by spending a lot of time researching different coins, learning about market trends, and following the advice of experienced traders.
The first thing I learned is that making money in crypto is relatively easy. However, people fail because they don't know when to take profits.
The biggest lesson I learned during my first bull run was the importance of taking profits. It's easy to get caught up in the excitement of a bull market and hold onto your coins in the hope of even greater gains. However, markets can turn quickly, and if you're not careful, you can lose a significant portion of your profits.
To avoid this, I set clear profit targets for each trade. Once a coin reached my target, I sold a portion of my holdings, ensuring that I locked in some profits. This strategy allowed me to protect my gains and avoid the emotional rollercoaster of trying to time the market perfectly.
Making life-changing money in crypto is not just about accumulating wealth; it's also about using that wealth to improve your life. After securing my profits, I took the time to reflect on my goals and how to achieve them. I made a plan to invest in my education, start a business, and secure my financial future.
The key to success lies in taking profits and not getting too greedy. By setting clear profit targets and sticking to them, you can protect your gains and avoid the pitfalls of emotional trading. And, if you're fortunate enough to make life-changing money, don't forget to use it to improve your life and pursue your long term goals.
It’s easy thank you think.
There's a common belief that it's impossible to get rich during your first bull run. I'm here to tell you that's not true.
I managed to make life-changing money in my first crypto bull run, and I'm going to share my experience and insights with you. The key to success? Learning to take profits and not getting too greedy.
I started by spending a lot of time researching different coins, learning about market trends, and following the advice of experienced traders.
The first thing I learned is that making money in crypto is relatively easy. However, people fail because they don't know when to take profits.
The biggest lesson I learned during my first bull run was the importance of taking profits. It's easy to get caught up in the excitement of a bull market and hold onto your coins in the hope of even greater gains. However, markets can turn quickly, and if you're not careful, you can lose a significant portion of your profits.
To avoid this, I set clear profit targets for each trade. Once a coin reached my target, I sold a portion of my holdings, ensuring that I locked in some profits. This strategy allowed me to protect my gains and avoid the emotional rollercoaster of trying to time the market perfectly.
Making life-changing money in crypto is not just about accumulating wealth; it's also about using that wealth to improve your life. After securing my profits, I took the time to reflect on my goals and how to achieve them. I made a plan to invest in my education, start a business, and secure my financial future.
The key to success lies in taking profits and not getting too greedy. By setting clear profit targets and sticking to them, you can protect your gains and avoid the pitfalls of emotional trading. And, if you're fortunate enough to make life-changing money, don't forget to use it to improve your life and pursue your long term goals.
ترجمة
Nice piece on bitcoin halving
Bitcoin Halving Expected on 4/20 Again -- Here's Why the Date Keeps Shifting
The Bitcoin halving—the quadrennial event that slashes the rewards miners earn for supporting the network—looked to be on target for April 20 (4/20) as of Valentine's Day last month. And at the time, Bitcoin investors were praying for a new all-time high price of $69,000. Ahem.
Just over a week ago, however, the halving target had moved up to April 15, and Bitcoin had already blasted past its all-time price mark to $71,000. Meme number dream ruined?
Well, only partially—because now the Bitcoin halving appears to be set for April 20 again.
Will the latest estimate hold true? Only time will tell. The latest April 20 target is courtesy of Decrypt’s own Bitcoin halving tracker, which not only collects our latest reporting around BTC, but also gives you a handy countdown to the estimated time of the halving.
Such estimates will probably shift and swing further as the eventual date nears, though it’ll become easier to provide a precise window the closer we get. That’s because the halving will take place at a certain block number on the Bitcoin blockchain, and when that block is mined depends a lot on how much network activity takes place before then.
Bitcoin blocks are typically mined at a rate of about 10 minutes, and if that holds true, then the 4/20 estimate ought to pan out. But sometimes it’s two minutes between blocks—or 15 minutes.
The halving is scheduled to take place at block height 840,000, no matter what, and the current block height is 835,701. Each block can hold approximately 2,700 transactions, but when there’s a ton of demand, the block turnarounds accelerate. When there are fewer transactions, well, then things may slow down a bit.
#HotTrends #BTC #ETH #BOME #STX
The Bitcoin halving—the quadrennial event that slashes the rewards miners earn for supporting the network—looked to be on target for April 20 (4/20) as of Valentine's Day last month. And at the time, Bitcoin investors were praying for a new all-time high price of $69,000. Ahem.
Just over a week ago, however, the halving target had moved up to April 15, and Bitcoin had already blasted past its all-time price mark to $71,000. Meme number dream ruined?
Well, only partially—because now the Bitcoin halving appears to be set for April 20 again.
Will the latest estimate hold true? Only time will tell. The latest April 20 target is courtesy of Decrypt’s own Bitcoin halving tracker, which not only collects our latest reporting around BTC, but also gives you a handy countdown to the estimated time of the halving.
Such estimates will probably shift and swing further as the eventual date nears, though it’ll become easier to provide a precise window the closer we get. That’s because the halving will take place at a certain block number on the Bitcoin blockchain, and when that block is mined depends a lot on how much network activity takes place before then.
Bitcoin blocks are typically mined at a rate of about 10 minutes, and if that holds true, then the 4/20 estimate ought to pan out. But sometimes it’s two minutes between blocks—or 15 minutes.
The halving is scheduled to take place at block height 840,000, no matter what, and the current block height is 835,701. Each block can hold approximately 2,700 transactions, but when there’s a ton of demand, the block turnarounds accelerate. When there are fewer transactions, well, then things may slow down a bit.
#HotTrends #BTC #ETH #BOME #STX
ترجمة
The title aside, nice points to note
**⚠️⚠️9 CRUCIAL LESSONS THIS CRASH SHOULD BURN INTO YOUR BRAIN!!!🔥**
🟥 **Take Profits!:** No matter how small, is better than a pipe dream.
🟥 **Don't Go All In:** Keep some cash on the sidelines to buy the dip when the market dumps like a sack of potatoes.
🟥 **Control Your FOMO:** Don't chase every hype coin. Train your mind to resist the urge to invest in every shiny new thing.
🟥 **Separate Your Profits:** Keep your winnings and use your original investment for trading. Don't put all your eggs in one basket.
🟥 **Protect Your Money:** The crypto world is full of sharks. Don't risk your savings, family money, or company funds.
🟥 **Beware the Bull Market Trap:** Invest less during bull markets because that's when people get greedy and lose their shirts.
🟥 **Wait for the Bottom:** Don't buy near ATH. Hype and analysts can be misleading. Wait for pullbacks & Dips.
🟥 **Focus Your Portfolio:** Don't spread your money too thin. Invest in a small number of coins that you can manage effectively.
🟥 **Stick to What You Know:** Don't future trade or copy trades if you don't understand what you are into.
$BTC $SOL #dump #LearnAndGrow #sol #BTC
🟥 **Take Profits!:** No matter how small, is better than a pipe dream.
🟥 **Don't Go All In:** Keep some cash on the sidelines to buy the dip when the market dumps like a sack of potatoes.
🟥 **Control Your FOMO:** Don't chase every hype coin. Train your mind to resist the urge to invest in every shiny new thing.
🟥 **Separate Your Profits:** Keep your winnings and use your original investment for trading. Don't put all your eggs in one basket.
🟥 **Protect Your Money:** The crypto world is full of sharks. Don't risk your savings, family money, or company funds.
🟥 **Beware the Bull Market Trap:** Invest less during bull markets because that's when people get greedy and lose their shirts.
🟥 **Wait for the Bottom:** Don't buy near ATH. Hype and analysts can be misleading. Wait for pullbacks & Dips.
🟥 **Focus Your Portfolio:** Don't spread your money too thin. Invest in a small number of coins that you can manage effectively.
🟥 **Stick to What You Know:** Don't future trade or copy trades if you don't understand what you are into.
$BTC $SOL #dump #LearnAndGrow #sol #BTC
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