EXCITING NEWS: Ice Open Mainnet Coming Soon (2 days left)! 🚀🚀🚀💰💰💰
Claim Free USDT Here!
One of the top exchanges is about to list Ice (ICE) on their spot trading markets. 😇
Please take note of the following schedule:
❄️ ICE deposits will open at 10:00 am UTC on January 15, 2024.
❄️ ICE/USDT spot trading will open at 10:00 am UTC on January 19, 2024. 🔥🔥🔥
❄️ ICE withdrawals will open at 10:00 am UTC on January 20, 2024. 🔥🔥🔥
Ice is a project designed to address the challenges of centralization and introduce solutions to the data privacy and ownership issues pervasive in today's digital environment. Ice aims to reshape the digital landscape into a decentralized, participatory, and user-driven ecosystem, where every individual has unwavering control and ownership of their data and identity and is incentivized for their active participation and genuine content creation. Ice leads the way in "tap to mine" technology, gathering millions in its community to create a bridge between web2 and web3, fostering a future where billions transition effortlessly into the web3 era.
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Tips Every Cryptocurrency Investor Must Know (cont…):
4. Perform your due diligence
In this modern digital age, there is even wifi on the path to crypto investing enlightenment, hence there is no excuse to make an investment with little to no understanding of the underlying asset. Almost every single coin has easily accessible whitepapers online. And just like having maps in the car, the savvy traveler must be prepared. If it is impossible to tell how the coin operates and more importantly, makes money, then it would be wise to seek another investment opportunity.
5. Don’t place all your crypto-coins in one basket
Common investment wisdom prevails when it comes to cryptocurrency investment: diversification is key. Just as financial advisors recommend taking positions in multiple types of stocks and other investments, diversification is also essential for any healthy cryptocurrency portfolio.
6. Understand the uses for both cold and hot wallets
Cryptocurrency can be stored via an offline “cold” wallet or an online “hot” wallet. Ease of access makes hot wallets a more desirable option for the beginner investor. However, as convenient as hot wallets are, they are susceptible to being hacked, whereas cold wallets are not able to be hacked (if prepared properly). Ideally, it’s best to store cryptocurrency you plan on saving for a long time in a cold wallet, and keep only a small amount that you might use on a daily basis in a hot wallet.
Additionally, one common mistake made by many new investors is mistaking exchanges for wallets. Although it might seem convenient keeping everything online at an exchange, a common mantra you might hear others chanting goes like ‘if you don’t own your keys, then you don’t own your bitcoin’. And when you keep your digital assets on exchanges, you don’t own the keys. This can become important when exchanges go down, get hacked, or both. Take the time to research different wallet providers and choose the best option.
Many naysayers in the media and financial sectors may preach that cryptocurrency is simply a fad, over-hyped speculation, or even a pyramid scheme. On the other hand, a growing population increasingly embraces the financial prospects and practical applications of cryptocurrency assets. Both sides have loud voices and like to make a lot of noise.
This noise level is only expected to increase, as Satis Group predicted crypto investors will increase by over 50% since 2019. To be a successful investor in this space, it is best to just buy and hold what you believe in while ignoring all the noise around you.
2. Expect the unexpected
However, significant volatility does exist in cryptocurrency markets which cannot be ignored. Experienced cryptocurrency investors are accustomed to huge price swings that you often don’t find in traditional markets. By mentally preparing for these unfavorable, and occasionally terrifying, investment performances, the intelligent crypto investor will be able to act rationally instead of emotionally in times of unexpected price drops. A good example is the recent crash caused by the Bitcoin ETF approval news.
3. Avoid a bad trade or investment strategy
A common mistake for most cryptocurrency investors is joining what is known as a “pump and dump” group. Certain social media communities or ‘gurus’ may even promise investment tips regarding a particular coin. You should avoid these types of places at all costs; when travelers go down these roads, they don’t often come back. The problem is that since derivatives trading is a zero-sum game, there is always a winner, but more importantly a loser. Unless a solid trading or investment strategy is in place, heedlessly following such advice is the fast track to losing your money to modern-day snake oil salesmen.