🔍 Unveiling the Mystery: What exactly is a
#Shitcoin
? 🪣
In the expansive universe of cryptocurrencies, the term 'Shitcoin' refers to digital currencies that lack substantial value, credibility, or real-world utility. These coins often emerge without robust technological
What is DeFi? Curious about DeFi?
Wondering if banks and financial institutions are facing extinction?
DeFi, short for Decentralized Finance, refers to a set of financial services and applications built on blockchain technology. It aims to recreate traditional financial systems
What to choose TRADING or HODL:
There are three trading strategies:
▪️ Short-term, hold a position throughout the day, sometimes for several days.
▪️ Medium-term, the deal can be opened for several days, weeks and even months.
▪️ Long-term, bought and forgotten for several years
"I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions"
— Hal Finney
If you shut down the internet Bitcoin stops working?
Infact:
Bitcoin can keep working without broadband and without mains power. A node can be updated via Satellite and be powered by natural resources; in fact a significant proportion of Bitcoin mining is powered by sustainable
What is an ALTCOIN?
Altcoin is a mash-up of two words:, ‘alternative coin’. If we look back to 2009, when bitcoin was the only cryptocurrency, the word coin emerged as a synonym for bitcoin units.
But, as new cryptocurrencies emerged, offering alternative use cases a different
What is a TOKEN?
It can be confusing for people new to crypto to understand what a token is. This is because there are roughly three overlapping meanings to the word.
In a technical sense, a token is an asset that represents ownership or value in a decentralized system. In this
Regular money works fine for me,
Why do I need crypto?
Do you realise that the spending power of the US dollar has declined by 95% since 1913? Since the US dollar is the world's reserve economy it has a profound effect on all currency.
Any money you have saved, including your
🎯What is a BEAR MARKET in the crypto market?
🎯Surviving and Thriving amidst the Downturn.
Bear Market is a tough phase in the crypto world, characterized by a prolonged downturn in cryptocurrency prices and a pervasive sense of pessimism among investors. Despite the
Bitcoin is a bubble?
Bitcoin is often compared to the economic bubbles like the Tulip Mania of 1636, but by their nature bubbles are discrete one-off events. You cannot reinflate a burst balloon, so if the 2017 bull-run was a bubble, how come Bitcoin recovered and has now
Cryptocurrency isn't real so how can it have value?
This is one of the most common ‘strawman’ arguments. It is estimated that only 2-3% of all money as we now know exists as coins and cash. The rest only exists as entries on a digital database.
Money has value because it is
What happens to my bitcoin when I die?
Bitcoin - and crypto is general - does come with a different level of responsibility to regular money. This is a feature not a bug. It means that you should make plans for passing it on should you….well...pass on.
Without precaution, your
🎯What is a STOP LOSS in the crypto market?
🎯How does it work?
The term "stop loss" in the crypto market refers to a risk management strategy that traders and investors use to limit their potential losses. A stop loss order is placed on a cryptocurrency trade to automatically
Gold or Bitcoin is the best store of value?
Gold has been a very effective store of value for about 6,000 years, but it isn’t very suitable for the digital age. The most obvious reason being the difficulty in transporting it.
Bitcoin doesn’t need to replace Gold, it simply
Why do blockchains have fees?
🧐🧐🧐
Most well known blockchains charge a fee (known as a transaction fee or “gas” fee) to interact with the network. These fees prevent spam, and provide a way to compensate those who keep the network up and running.
If you send a transaction on
When dealing with crypto, you might experience feelings and senses you never felt before. A bull market can bring you joy and take you to wonderland. On the other hand - a bear market can instantly destroy all your dreams like a storm destroys sandcastles.
#Crypto
#Ngon
🎯What is a BEAR MARKET in the crypto market?
🎯Surviving and Thriving amidst the Downturn.
Bear Market is a tough phase in the crypto world, characterized by a prolonged downturn in cryptocurrency prices and a pervasive sense of pessimism among investors. Despite the
Differences between Cryptocurrencies and Tokens
🧐🧐🧐
The purpose of cryptocurrencies
Cryptocurrencies all share one purpose: to facilitate network activity and security on blockchains. This keeps the chain economically viable, and incentivizes nodes to uphold the network.
What is a TOKEN?
It can be confusing for people new to crypto to understand what a token is. This is because there are roughly three overlapping meanings to the word.
In a technical sense, a token is an asset that represents ownership or value in a decentralized system. In this
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Get ready for
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🎯What is a BEAR MARKET in the crypto market?
🎯Surviving and Thriving amidst the Downturn.
Bear Market is a tough phase in the crypto world, characterized by a prolonged downturn in cryptocurrency prices and a pervasive sense of pessimism among investors. Despite the