Beginners Guide To Earn money through Crypto with almost no risk
1. Simple Earn / Stacking
Simply put your money in a pool and get interest on your money. USDT pool is recommended since it has the highest flexibility and APR combo. which means you can take your money whenever you want! this got no risk as far as I know and you can get around 1% or your money every month! better than bank interest, as safe as one
2. P2P Fiat trading
buy and sell fiat currency at your own rate. The beauty in crypto currency is you can sell money for profit. for example you buy usdt at 0.99 usd and sell it at 1.00 usd. you just make 1% in your money, and you can do this all day since the market is open 24/7 . there is almost no risk in this model as long as you are careful with your trade to avoid trouble
3. Invest long term in proven Crypto currency
Simply buy or DCA on trusted coin such as Bitcoin and hold it long term is almost guaranteed to multiply your money since the demand keeps increasing while the supplies are finite. of course there is short term risk but at long term you can expect great things from buying proven crypto currency
There are many more ways to earn money such as launch pool and airdrop.
which method works best for you?
don't forget to do your due diligence and good luck!
3 reasons why despite US interest rate increases you should buy Crypto instead!
1. With the halving event less than 3 months away, Bitcoin is on track to reach and surpass its ATH which is way way way more than what bank interest will get you
2. the surest way to lose money is to keep your money whether in your wallet or bank, due to inflation, increased bank interest will only stem the bleeding to an extent but you will still lose money
3. With the increased fear in the crypto market, it is your chance to get in with a discount price, remember there is no perfect, but the closest thing to it is buying while others are selling!
The Bitcoin chart is making a very bullish sign with a reverse head and shoulder. Remember while sentiment matters, so do the charts. It applies both ways.
Bitcoin is making an inverse head and shoulder pattern Expect another leg up in the next few days!
The current price is 43.5k around 10% lower than the previous high at 48k. it's highly likely that BTC will go beyond 48k and go to 50k before the halving event!
The altcoin season is also coming, so if you miss the perfect entry for Btc don't be mad, there are a lot of potential coins!
Personally I don't recommend anything below rank 50 in market cap but if you must then don't forget to do your due diligence!
Are you wondering if now is the time to start buying Bitcoin?
since BTC hit 48k, the market had 20% correction already. While there is a possibility for further correction, there is also a real possibility for bitcoin to bounce back.
the winning strategy here is DCA, you can do a partial buy now at 39k then when the market moves you can buy some more.
in case Bitcoin goes down, you can buy more, and if it bounces back, you already have some.
how much of my fund should I buy now? that depends on your strategy, but I would say around 20-30% are great proportions.
Should I buy Alt now? depending on which alt you are buying, now can also be the perfect time to divecify your coin since almost every coin are having discount right now!
if you got liquidated in the last 24 hours read this for future reminder
When you are in the future trading, you either have short term positions or long term positions.
if your long term position got liquidated then most likely your position was in profit then you missed the opportunity to take profit. your regret for missed opportunity clouds your judgement! you missed the opportunity to cut your loss as well as results!
to fix these bad habits, you need to make a concrete trading plan, take profit when it hits target and cut loss when it hits stop loss. don't be afraid of missed opportunity as in crypto there is plenty of opportunity.
if your short term position gets liquidated then you probably take too much risk, you need to be more patient. Manage your risk. Greed usually ends in grief.
BTC testing 40k for the 4th time today, the support looks solid, there is potential for a bounce but if the support fails the drop will be significant.
if you are looking for long term investment, partial entry at 40k is as good as any. if the support breaks you can buy more, if it bounces you have already bought the perfect entry.
if you are looking for futures trading, then you should wait for the price confirmation before opening the position.
remember, if you trade recklessly your trade might be stuck as a long term investment!
BTC might see another dip before continuing upward.
if BTC breaks below 41k then you can take a quick short position. (don't be too greedy)
Remember these to avoid beginner mistakes before trading:
1. don't be afraid of missing profit 2. always set stop loss, cut your loss before its too painful to cut and you are stuck, and can only pray for reversal 3. remember there is no forever bull or forever bear, the market fluctuates both ways 4. patience and decisiveness are the key 5. public sentiment matters as much as charts, (this applies both ways)
MOST importantly, it's ok to follow others but remember to DYOR!