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Did banning of cryptocurrency affect you in anyway?
No, when crypto was banned in my country, I wasn't affected one bit because VPN exist and that's what we pretty much use to access these websites, but what actually affected me was delisting of my country's currency from Binance, so you're not able make exchanges at all. You'll have to exchange yourRead more
No, when crypto was banned in my country, I wasn’t affected one bit because VPN exist and that’s what we pretty much use to access these websites, but what actually affected me was delisting of my country’s currency from Binance, so you’re not able make exchanges at all.
You’ll have to exchange your funds in another exchange entirely and it attracts some charges, nevertheless I think it’ll be fixed with time.
See lessHow to escape scammers in cryptocurrency?
To escape scammers in the industry make it a rule for yourself to only deal with legit brokers and exchanges we have the top three exchanges list go through it and only work with the top two, you should not put yourself in a position to be cheated, take charge, cross your T's and dot your It's, caveRead more
To escape scammers in the industry make it a rule for yourself to only deal with legit brokers and exchanges we have the top three exchanges list go through it and only work with the top two, you should not put yourself in a position to be cheated, take charge, cross your T’s and dot your It’s, caveat emptor.
Also don’t believe most crypto influencers they’re are scammers and looking for the next lamb to take to the slaughter house.
See lessWhy is cryptocurrency investment consider as risk investment?
Being one year experience in cryptocurrency market let me say my analysis as yes, it is a risky investment. There are many factors involve here as it is much more dependent on whales of the market who, those target us to put their hands in our pockets and snatch all money. This is something which waRead more
Being one year experience in cryptocurrency market let me say my analysis as yes, it is a risky investment. There are many factors involve here as it is much more dependent on whales of the market who, those target us to put their hands in our pockets and snatch all money. This is something which was not happening before but most frequently occuring with very short interval nowadays. In stock market we see that some company do good work and show success then it’s share prices increases while here nothing like this happening. The extreme is as people those who are writing about cryptocurrency ups or down movement usually are giving the wrong statement as I read so many places as SHIB will touch its peak in April 2024. But nothing like this happened, we purchased SHIB and waiting and waiting.
See lessWhat are the security risks associated with crypto trading?
Crypto markets, particularly those with lower liquidity, can be susceptible to manipulation through tactics such as wash trading or spoofing. Users should practice good cybersecurity hygiene, remain vigilant against scams and phishing attempts, and only use reputable platforms and services with a prRead more
Crypto markets, particularly those with lower liquidity, can be susceptible to manipulation through tactics such as wash trading or spoofing. Users should practice good cybersecurity hygiene, remain vigilant against scams and phishing attempts, and only use reputable platforms and services with a proven track record of security. Additionally, staying informed about emerging threats and industry best practices is crucial for protecting oneself in the evolving landscape of crypto trading.
See lessTo mitigate these risks, it’s essential to use reputable exchanges, enable two-factor authentication, store funds in secure wallets, research projects before investing, and stay informed about regulatory developments.
How do technological advancements impact crypto market?
Technological advancements can significantly impact the crypto market in several ways. but I will like to highlight only two way Which are; *Scalability: Improvements in blockchain technology can lead to faster transaction times and lower fees, making cryptocurrencies more efficient and attractive tRead more
Technological advancements can significantly impact the crypto market in several ways. but I will like to highlight only two way Which are;
See less*Scalability: Improvements in blockchain technology can lead to faster transaction times and lower fees, making cryptocurrencies more efficient and attractive to investors.
*security: Advances in cybersecurity can enhance the security of crypto exchanges and wallets, reducing the risk of hacks and theft, which can boost investor confidence.
technological advancements play a crucial role in shaping the trajectory of the crypto market, driving both opportunities and challenges for investors and stakeholders alike.
What is the future of CBDC compared to crypto?
Actually CBDCs offer governments more control and stability over their monetary systems, while cryptocurrencies provide decentralized, borderless, and potentially more privacy-focused alternatives. Both will likely continue to evolve, with CBDCs integrating into existing financial systems and cryptoRead more
Actually CBDCs offer governments more control and stability over their monetary systems, while cryptocurrencies provide decentralized, borderless, and potentially more privacy-focused alternatives. Both will likely continue to evolve, with CBDCs integrating into existing financial systems and cryptocurrencies offering alternative financial infrastructures.
CBDCs offer governments more control and stability over their monetary systems, while cryptocurrencies provide decentralized, borderless, and potentially more privacy-focused alternatives. Both will likely continue to evolve, with CBDCs integrating into existing financial systems and cryptocurrencies offering alternative financial infrastructures.
See lessWhy do you like cryptocurrency?
I like cryptocurrency for two reasons, one, it has faster transaction compared to the traditional payment system and also has cheaper transaction cost compared to traditional system. And, two, it is a digital asset that will give you profits over the years. Just like stocks and other investment toolRead more
I like cryptocurrency for two reasons, one, it has faster transaction compared to the traditional payment system and also has cheaper transaction cost compared to traditional system. And, two, it is a digital asset that will give you profits over the years. Just like stocks and other investment tools, you can invest in crypto and generate profits from your investment.
See lessWhat makes cryptocurrency decentralized?
Cryptocurrency is decentralized because it operates on a peer-to-peer network, meaning that transactions are verified and recorded by multiple nodes in the network rather than a central authority. Additionally, the blockchain technology used in cryptocurrencies ensures that all transactions are tranRead more
Cryptocurrency is decentralized because it operates on a peer-to-peer network, meaning that transactions are verified and recorded by multiple nodes in the network rather than a central authority. Additionally, the blockchain technology used in cryptocurrencies ensures that all transactions are transparent and cannot be altered or controlled by any single entity. Decentralization also means that users have control over their own funds and can make transactions without the need for a third party. Overall, this system gives cryptocurrency its independence from traditional financial institutions and government regulation.
See lessWhat role does market sentiment play in crypto trading?
Market sentiment plays a significant role in crypto trading as it determines the overall mood and attitude of investors towards a particular cryptocurrency. Positive market sentiment often leads to increased buying activity and higher prices, while negative sentiment can result in selling pressure aRead more
Market sentiment plays a significant role in crypto trading as it determines the overall mood and attitude of investors towards a particular cryptocurrency. Positive market sentiment often leads to increased buying activity and higher prices, while negative sentiment can result in selling pressure and price declines. Traders use market sentiment indicators, such as social media sentiment analysis and sentiment surveys, to gauge market sentiment and make informed decisions. Overall, market sentiment can influence trading decisions and impact price movements in the volatile crypto market.
See lessWhat amount can we start trading cryptocurrency?
It depends on the platform you use. I have traded on stormgain and on storm gain, you can trade with as low as $10. While you might not be able to make a lot of profits with just $10, it is a good way to trade for those who have no prior experience with trading. On Binance, you can trade for as lowRead more
It depends on the platform you use. I have traded on stormgain and on storm gain, you can trade with as low as $10. While you might not be able to make a lot of profits with just $10, it is a good way to trade for those who have no prior experience with trading. On Binance, you can trade for as low as $1 by using spot trading feature. You can also trade for small amount through Peer to peer trading feature on Binance
See less