Common ways Newbie Crypto Traders lose their money
Pumped and excited to start trading , most newbie traders when starting their crypto journey encounter a lot of losses. Due to the happiness and desire to make quick profits, newbies easily make the following mistakes , that usually leads to lose of assets.90% of them are likely to engage in scam projects and also interact with websites that would steal their assets. Entering the world of cryptocurrency can be exciting, but it's important to be aware of potential risks and scams that newbies might face. Let's explore some ways newcomers can encounter losses or get caught up in scams in the crypto realm. FOMO stands for "Fear of Missing Out." It's a term used to describe the feeling of anxiety or apprehension that someone might miss out on a rewarding opportunity or an exciting event. FOMO often arises when people see others making significant gains or profits from a particular investment, causing them to feel pressured to join in quickly to avoid missing out on potential profits. This fear can lead individuals to make impulsive or rushed investment decisions without conducting proper research or analysis. As a result, they might invest in assets solely based on the fear of missing out on quick gains, disregarding the risks and potential downsides.They may feel compelled to buy into the asset at a higher price, fearing that if they don't act immediately, they will miss the chance for substantial profits.In summary, FOMO in the context of cryptocurrency investing is the fear of missing out on a lucrative investment opportunity, often leading individuals to make rushed or impulsive decisions based on the fear of not being part of a potentially profitable trend.🔥1. Lack of Knowledge:Newcomers might dive into cryptocurrency without understanding how it works. They could fall for misleading information or invest in projects they don't fully grasp. It's crucial to learn the basics and research before investing to avoid potential losses.🔥2. Pump-and-Dump Schemes:Some scammers try to inflate the price of a cryptocurrency by spreading false information, creating hype, and then selling their coins once the price rises. Newbies might get caught up in these schemes, buying at high prices and experiencing losses when the value drops suddenly.🔥3. Phishing and Fake Websites:Scammers create fake websites or emails that look like legitimate cryptocurrency platforms. Newcomers might unknowingly share their private keys or login details, leading to hackers stealing their funds. It's essential to double-check website URLs and avoid sharing sensitive information.🔥4. Ponzi Schemes:Scammers might promise high returns or guaranteed profits through investment schemes. Newcomers could be lured into these schemes, investing their money only to find out it was a scam, leading to financial losses.🔥5. Unregulated Exchanges and Tokens:Using unregulated exchanges or investing in new, unknown tokens can be risky. Some exchanges might not have proper security measures, and new tokens could be fraudulent or lack value, causing losses for newcomers.Staying Safe in the Crypto Jungle:To avoid falling victim to scams or encountering losses in cryptocurrency:- Educate yourself: Learn about cryptocurrencies and how they work before investing.- Verify information: Double-check sources and websites to ensure legitimacy.- Use reputable platforms: Stick to well-known and regulated exchanges for transactions.- Avoid FOMO (Fear of Missing Out): Don’t invest hastily due to hype or pressure.- Secure your assets: Use strong passwords, enable two-factor authentication, and store your funds in secure wallets.If you find this educative, please like ,share and follow. You can support us with Tips as this would help us earn money and create more content #xmucan #BTC
Today December 8, 2023, I am writing this to you, from my desk.
🔥$200 into Dogecoin at the rate of $0.097 would get you - 2041 $Doge
🔥$200 into Fantom at the rate of $0.35 would get you - 557 $FTM
🔥$200 into Solana at the rate of $70 would get you - 2.85 SOL
🔥$200 into MATIC at the rate of $0.87 would get you - 227.5 $MATIC
🔥$200 into BLUR at the rate of $0.49 would get you - 400.8 BLUR
🔥$200 into Cardano at the rate of $0.52 would get you - 382.6 ADA
🔥$200 into BLUR at the rate of $0.49 would get you - 400.8 BLUR
🔥$200 into SHIBA INU at the rate of $0.00001000 would get you - 20,000,000 $SHIB
🔥$200 into DYDX at the rate of $3.04 would get you - 65.74 DYDX
🔥$200 into Memecoin at the rate of $0.040 would get you - 4968 $MEME
🔥$200 into XRP at the rate of $0.64 would get you - 308 XRP
The total amount if invested according to the above is $2,200, to be honest, this is exactly how I would invest $2,200 if I had it.
in the next 24 - 48 Hours we @X mucaN would pin this post to our profile, and it will remain there, till we get to the bull market.
I Have one request, over here at Binance square, we @X mucaN create one of the best and most entertaining, educational, inspiring, and informative content (Articles, Post and Videos), we do wish we can hit 30,000 followers on or before the last day of the month and year.
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$PEPE hits a new all-time high of $0.00001258, with its market capitalization reaching $5.3 billion for the first time.
🔥What is the daily trading volume of Pepe (PEPE)?
The trading volume of Pepe (PEPE) is $1,360,397,599 in the last 24 hours, representing a -8.20% decrease from one day ago and signalling a recent fall in market activity.
🔥What is the all-time high for Pepe (PEPE)? The highest price paid for Pepe (PEPE) is $0.00001574, which was recorded on May 25, 2024 (about 12 hours).
🔥What is the all-time low for Pepe (PEPE)? The lowest price paid for Pepe (PEPE) is $0.075514, which was recorded on Apr 18, 2023 (about 1 year).
🔥What is the market cap of Pepe (PEPE)? Market capitalization of Pepe (PEPE) is $6,356,736,189 and is ranked #22 on CoinGecko today.
🔥What is the fully diluted valuation of Pepe (PEPE)? The fully diluted valuation (FDV) of Pepe (PEPE) is $6,356,736,189.
🔥How to add Pepe ($PEPE ) to MetaMask?
Adding Pepe (PEPE) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import PEPE as a token. You can copy PEPE’s contract address (0x6982508145454ce325ddbe47a25d4ec3d2311933) and import it manually, or if you've installed MetaMask's chrome extension, add PEPE to MetaMask with one click on CoinGecko.
Check the post attached below for a Blum Crypto Airdrop with over $1000 potential
Do you know why we feel BLUM would make you a lot of money?
Blum is Your easy, fun crypto trading app for buying and trading any coin on the market
Coins like $PEPE - $DOGE & $SOL would be available when BLUM finally launches 🚀
Due to the recent attention on Telegram after the successful launch of NOTCOIN, we believe that Blum might be trying to do something similar
We know how midjourney launched their platform on Discord right ?? we believe that Blum might be trying to do something similar but this time around on Telegram
We feel Blum might be the first crypto app on Telegram where you can buy and sell Bitcoins,Ethereum and meme Coins
So now, we have the opportunity to farm and accumulate the Blum tokens for free, when Blum launches, you and I would be able to sell our Tokens ✅
It would definitely be worth it, put in your time and effort to farm and accumulate the BLUM point/tokens while we can, before we continue, we want you to please give this post a like and follow to get notified when we drop Airdrops with a lot of potentials
To begin farming Blum Points:
Tap and hold for 2-3 seconds to copy the L.ink below
https://tinyurl.com/27arh9ym
2. Go to the bot by your personal link. Be careful, it can only be used once!
3. Get registered!
4. Click the farm button to start earning points
5. Check in periodically to claim your points 😎 Can't wait to try Blum? Keep an eye on our socials – we'll be raffling off invites!
Blum would make you a lot of money, just do your best to be consistent with it
Blum: Hybrid exchange for young and brave ones. Access tokens from both CEX/DEX, plus simplified derivatives trading. Will be available as mobile and Telegram mini app. But Telegram mini app is sooner!
Trade, connect, grow and… farm Blum Points!
The project will kick off with the introduction of Blum Points farming: click the farm button sometimes, invite friends, do tasks, and earn points 💪😄
What is a Blum Point?
Points are gonna be the real deal inside the Blum ecosystem. You can also trade 'em for boosts and other cool stuff in the future. So, we haven't dropped the official info on the token yet, but you might've heard some whispers!
Why not just hop on the bot a few times a day to farm some BPs? Trust us, it beats stressing over FOMO later on.
To begin farming Blum Points:
Tap and hold for 2-3 seconds to copy the L.ink below
https://tinyurl.com/27arh9ym
2. Go to the bot by your personal link. Be careful, it can only be used once!
3. Get registered!
4. Click the farm button to start earning points
5. Check in periodically to claim your points 😎
Can't wait to try Blum? Keep an eye on our socials – we'll be raffling off invites!
BLUM will make you a lot of money ✅
Please give this post a like so more persons can come across it on Binance
This post would definitely get to over 500 views, can we get this post to 50 likes 👍
Go now and start accumulating the $BLUM tokens for free
Before the $ETH ETFs news, a whale spent 26.67M $USDT to buy 8,733 $ETH at $3,054.56 and has an unrealized profit of ~$6M.
After the #SEC approved form 19b-4 for $ETH ETFs, the whale bought $24.7M worth of Ethereum ecosystem tokens and has an unrealized profit of ~$1.1M.
He deposited 19.75M $USDT to #Binance and withdrew 4.04M $LDO($9.3M), 684,364 $UNI($6.7M), 52,623 $AAVE($5.4M), 82,041 $ENS($2M) and 250,969 FXS($1.25M) from #Binance .
Wallets:
0x2872f40a9bf8348F280bD9D7922******
0xf07BACCfC49Da8D27cF32221*****
0xe934a8F424bC7CcD344f858E******
0xBD07ff8A4961558a8817c4918******
0xE18941D143118acde96818F28******
0xCD0a459C27bdC9F8CC7c2e70F9****
0x2019E2F0aA900e0a52C05eE8e8F6*****
0xb2A20EF1A0911378E684C337861e164D*****
0xBbDCF40c447aE1CEda0e8272D7b******
0x43cAa9d4205aED9d8Ef63BE6f2****
0x915A12a048E7349E65ac84d631f19*****
0x522A2E8753295F265e95aaE6c645*****
0xE2a3bB91328969a2261B395E8Bd534*****
0x134Fa32188F60362dad149cc03BD894*****
0xa01E6e92FDfd1E934109BCd3955C8****
0x950f2e87D6c7B98cf210d724e0dDeC0b*****
0x9909bB7adCcC31FcA7F6619Df3C3D5e5*****
0x7E61599682c06bc0fC4f6261d1d10e*****
Do well to check the post below for An Airdrop with a lot of potentials 🔥🔥
JUST IN: Authorities in Paraguay 🇵🇾 have seized nearly 400 #Bitcoin miners in the city of Sapucai.
The operation, conducted by police and the Administración Nacional de Electricidad (ANDE), was part of an investigation into the alleged theft of electricity.
A good day to remind you that if you missed accumulating $NOT worth $100 - $1000(+) here is another opportunity to accumulate $BLUM and in a few months it would be worth over $100