Category Archives: CRYPTO CURRENCIES

The Top Methods to get Mining Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. Mining is how new Ethereum is brought into circulation and it has become increasingly popular as the value of Ethereum has gone up. If you’re interested in getting started with mining Ethereum, here are the top methods you can use to get started!

Ethereum Mining Pools

There are many different ways to get started mining Ethereum, but one of the most popular and effective methods is to join an Ethereum mining pool. Mining pools allow miners to pool their resources together, which increases their chances of successfully mining a block and receiving a reward.

There are many different Ethereum mining pools to choose from, so it’s important to do some research and select a pool that best fits your needs. Some pools may require you to run special software or pay a fee, so be sure to read the fine print before joining.

Once you’ve joined a pool, you’ll need to connect your Ethereum mining software to the pool’s address. This will allow the pool to track your shares and pay you out accordingly.

Mining in a pool is often the most efficient way to mine Ethereum, as it maximizes your chances of finding a block and receiving a reward. If you’re serious about mining Ethereum, a mining pool is an essential part of your setup.

Cloud Mining

If you’re not interested in mining Ethereum yourself, you can use a cloud mining service. With cloud mining, you rent resources from a provider for a certain amount of time. The provider manages all of the hardware and software required for mining, so you don’t have to worry about the technical aspects.

There are several reputable cloud mining providers that offer plans with different hash rates and contracts. Before you choose a provider, make sure to do your research and compare costs.

Once you’ve chosen a provider, you’ll need to set up an account and fund it with cryptocurrency. You can then start mining Ethereum!

GPU Mining

GPU mining is the process of using a graphics processing unit (GPU) to mine cryptocurrency. GPUs are well-suited to mining because they can perform many calculations simultaneously and have relatively low power consumption.

There are a few things to consider when choosing a GPU for mining:

1. Hash rate: This is the most important factor to consider when choosing a GPU for mining. The hash rate is the number of calculations that the GPU can perform per second. The higher the hash rate, the more cryptocurrency you will mine.

2. Power consumption: Another important factor to consider is the power consumption of the GPU. Mining can be very power-intensive, so you’ll want to make sure that your GPU doesn’t consume too much energy.

3. Price: When it comes to GPUs, you get what you pay for. The higher-end GPUs will usually be the best performers, but they will also be the most expensive. If you’re on a budget, there are still some good options available.

4. Compatibility: You’ll need to make sure that your GPU is compatible with your mining software and hardware. Some GPUs may not be compatible with certain types of mining rigs or software.

ASIC Mining

ASIC mining is the process of using specialized hardware to mine cryptocurrency. This type of mining is different from traditional mining, which uses GPUs or CPUs to mine. ASICs are purpose-built for mining and are much more efficient at it than other types of miners.

While ASICs are more expensive than traditional miners, they offer a number of advantages. First, ASICs are much faster at mining than other types of miners. This means that you can earn more cryptocurrency in a shorter period of time. Second, ASICs generate less heat than other types of miners, so they’re easier to keep cool. This is important because overheating can damage your mining equipment and reduce its lifespan.

If you’re interested in ASIC mining, there are a few things you should keep in mind. First, make sure you buy an ASIC that is compatible with the cryptocurrency you want to mine. Second, be sure to do your research on a reputable seller before making your purchase. Finally, remember that ASIC mining is a more expensive option than traditional mining, so be prepared to invest a bit more money upfront.

Ethereum Mining Overview

Ethereum is a public, open-source, decentralized platform that runs smart contracts. Ethereum mining is how new Ethereum is brought into circulation and it is also a security measure to ensure the network is robust against attacks.

There are two main ways to mine Ethereum: solo mining and pool mining. With solo mining, you are responsible for finding blocks and will get the entire block reward of 4 ETH for each one you find. With pool mining, you work with a group of miners who share the work of finding blocks and you receive a portion of the block reward based on the amount of work you put in.

The most important thing to know about Ethereum mining is that it’s not terribly energy intensive. One estimate puts Ethereum’s energy consumption at 0.21 Joules per GH/s – less than a fifth of Bitcoin’s 0.95 Joules per GH/s. This means that even if Ethereum’s price drops relative to Bitcoin, it could still be more profitable to mine.

Conclusion

There you have it — the top methods for mining Ethereum. While some of these methods may be more suited for large-scale operations, others are perfect for those who want to get started with mining Ethereum on a smaller scale. No matter which method you choose, make sure that you do your research and only invest what you can afford to lose. With Ethereum prices on the rise, now is a great time to start mining!

There are a few other things to keep in mind when considering whether to start mining Ethereum. The first is that it will probably be necessary to invest in some expensive hardware. ASICs designed specifically for Ethereum mining are not yet widely available,

Crypto Signals: 7 Things To Know

If you’re new to crypto trading, trade calls or signals are some popular ways to profit from the evolving market. They’ve prescribed trading instructions given to individual traders by crypto signal providers. Typically, they guide you through trade executions on the trading floor of the digital currency market.

Traders look for opportunities in the market and may try to formulate probable plans that enable them to capitalize on the crypto market swings. Crypto signals consider the fundamental and technical analysis of the underlying digital market to produce an execution strategy. Therefore, it’s crucial to identify a specific group of cryptocurrencies or crypto pairs to trade at a given price and time.

Are you wondering what value crypto signals can add to your trading business? Below are seven things you need to know about the trade calls:

Expiration Crypto Signals

The cryptocurrency market is speculative, and price action moves faster as more traders and investors compete for opportunities. You might have a small window to execute the crypto signals you receive from your provider.

In addition, the trade calls are subject to change due to underlying market activity on each cryptocurrency. For instance, a buy signal can only work at a prescribed price and time on the crypto trading charts. If you delay, the crypto signal becomes obsolete and can’t promise good returns. So, ensure you have a trading plan waiting for execution once you receive the calls.

Verifying Signal Sources

Crypto signals follow the research on each trading pair and the triggers that can inform market execution. Savvy traders may rely on experience to enter trade positions or use automation technology such as software to generate crypto signals.

All the same, it’s wise to verify the crypto signal sources before implementing the instructions transmitted to you. The market is famous for producing instant profits and losses in equal measures. Therefore, you must research or consult the crypto trading community about the crypto signals before deploying them as a strategy in your business.

Interpreting Crypto Signal

By the time you’re using crypto signals in your trading business, you must have an idea of how the cryptocurrency market works. It’ll enable you to accurately take trading positions or close trades when the market becomes hyper-volatile.

Aside from analyzing the market, interpreting crypto signals is a crucial step that you can’t overlook. For instance, trade call providers can send alerts to prompt market entry and exit points. Misinterpreting the signals can result in significant losses or unintentionally blowing your capital account. Read through every instruction transmitted by your crypto signal providers.

Compatibility With Crypto Trading Bots

Trading bots have become a fallback plan for investing in the financial markets. They use predefined parameters set by traders to enter or exit trade positions. The trading bots accommodate new and experienced traders who want to leverage opportunities in the speculative markets.

You can install the signals you receive from your provider and delegate trading instructions to the bots. You’ll avoid babysitting your trades and eliminate or reduce risks on the trading floor. However, you must ensure that the algorithm or software is compatible with the exchange platform you use to trade. Also, your crypto signals should be consistent with trading bots to capitalize on opportunities in the market.

Risk Management

Investing in the cryptocurrency market is a risk that requires a cautious approach. Crypto signals suggest how much capital to use in executing a trade when the market is active. It helps you manage risk and protect your portfolio while taking advantage of profitable businesses.

The signals rely on a previous market analysis of price action trends to predict the next move for the underlying crypto trading pairs. It doesn’t mean the market will follow the predictions, so it’d be wise to invest the recommended percentage in the crypto signals.

Being Mindful Of The Targets

Trade calls are well-analyzed instructions that come with simple instructions for newbies or savvy traders in the market. Suggested targets such as take-profit and stop loss, among others, outline your trade execution processes.

These targets add to your trading plan and risk management strategy to safeguard your portfolio. You must decide how much to collect from the trading floor during the market swing. Moreover, crypto signals have a breakdown of targets you can choose depending on your capital and risk appetite.

Monitoring Crypto Signal Performance

It’s easy to assume that the crypto signals will perform as required and ignore crypto market volatility. Whether you manually execute your trades or automate them, you must frequently monitor how they perform by looking at the price actions on the chart. You’ll learn what signals to use or reject by considering the returns they bring when you close trades.

Final Thoughts

Crypto signals are one of many ways to invest in the digital currency markets. They help you avoid the challenges of analyzing the market and executing uninformed trades. Also, you’ll be steps ahead of price actions in a hyper-volatile market and ensure that you close profitable trades as instructed. However, you must first learn how the underlying cryptocurrency market works before using the crypto signals in your trading business.

Top Reasons to Sell Crypto Instantly 

Buying and selling cryptocurrency is a common investment today. It is called crypto trading. However, there are many other reasons why crypto holders would want to sell even if they are not actively involved in trading. 

Crypto selling platforms now promote instant selling because it is convenient, secure, and affordable. Whether you are selling as an active trader or because you just need to sell the crypto, there are many reasons to consider instant crypto selling options. Here are the most popular ones. 

The Value Has Doubled 

No one can predict the actual price of cryptocurrency with certainty. It is a volatile industry with regular fluctuations. You can sell crypto instantly if its value has doubled right now and you do not intend to wait even for a minute. 

Fortunately, instant crypto exchanges such as NakitCoins complete transactions in real-time. So, you do not need to wait even for a second as soon as you click sell. This is an opportunity to fetch the highest dollar for your digital assets.

There is a Hacking Threat

Digital currencies are prone to hacking. Anything can happen at any time. If you get intel about such a threat, you might need to sell crypto instantly. If you feel that your investment is threatened, there is no time to wait, so it is best to find an instant crypto exchange and cash out all of your digital assets or do a crypto swap to another crypto option. 

Fortunately, reliable instant crypto exchanges, Bitcoin ATMs, physical exchanges, and other platforms will help you sell crypto instantly whenever you need it. All you need to do is choose the right option that works for you. 

You’ve Found a Better Investment

Crypto investment options are growing by the day. Gone are the days when the major cryptocurrencies only included Bitcoin, Ethereum, Doge, and USDT. There are about 12,000 different types today. 

You can sell crypto instantly if you need to try a better digital asset immediately. The good thing about doing instant sales is to avoid wasting time, especially if the opportunity window is short. Those who have been in the crypto industry for some time know how these opportunities work.

To Take Care of an Emergency

Emergencies are unpredictable and can come at any time. The most important thing is to have an emergency fund to take care of such situations. If you have a crypto investment, you can use some of it to finance the emergency. However, you need to sell crypto instantly to get cash to take care of this. For many people, this is a great option, especially now that selling cryptocurrency is easier.

Instant crypto exchanges are reliable because you can have cash in your bank within a short time. All you need to know is which options work fastest without fail.

Conclusion

When you want to sell crypto instantly, regardless of the reason, it is crucial to choose a reliable selling platform. Fortunately, there are many these days. For now, you know the main reasons why crypto investors want to sell instantly and you can make the right decision easily.

One of the most chaotic hacks’’ | Hackers drain over USD 200 million from a crypto start-up.

The huge crypto theft has stolen about $200 million in worth from Nomad, such a cross-chain token bridge, in what appears to be a weekly occurrence. These bridges are intended to allow consumers to move crypto tokens across various blockchains. Without getting too technical, they function by locking up assets in one network and reprinting them in a ‘wrapped’ form on some other: this is known as a smart contract.

In yet another incident showing flaws in the decentralized financial realm, hackers stole over $200 million in bitcoin from Nomad, a program that allows users to exchange tokens from one network to another.

It’s unclear how the hack was carried out, or whether Nomad intends to repay users who lost credentials in the assault. When CNBC contacted the firm, which bills itself as a “secure cross-chain messaging” service, no one was immediately available for comment.

Nomad:

Nomad functions as a generic protocol that allows users to transmit and collect cryptocurrency tokens across several blockchains. The attack is part of a continuing pattern in which hackers target these “bridges” with flaws and drain their revenues.

Bridges function by “wrapping” coins on one system after suspending them on another using smart contracts. The bridge allows the worth of the token to be moved from one blockchain to another by freezing them on the genesis network, ensuring that the same ticket is not duplicated between the two chains.

Nomad is a protocol that connects Ethereum, Moonbeam, and other networks. The Nomad bridging protocol consists of both on-chain and off-chain parts. Off-chain agents transmit and verify communications between multiple blockchains, while on-chain smart contracts gather and distribute bridging monies. Every blockchain has a Replica contract that confirms and stores communications in a Merkle tree structure. Messages can be validated by either giving proof with the proveAndProcess() function or just submitting them with the process() call if they have already been confirmed. Verified communications are sent to a Bridge handler (for example, an ERC20 Router) that can distribute spanned assets.

Explanation:

Unlike most bridge attacks, where a single perpetrator is responsible for the entire exploit, Samczun explains that the “chaotic” Nomad attack was clear in which populists flocked to steal monies from the overpass once word got out, likely to result in what the scientist described as a “frenzied free-for-all.” According to Peckshield, a blockchain security business, more than 41 accounts drained $152 million – or 80% of the stolen assets.

“All that was needed to expose it was to duplicate the original hacker’s transaction and replace the original address with a modified one.” “It’s just copy-paste,” Hetman continued. Wrapped Ether (WETH), WBTC, USD Coin (USDC), and other tokens were drained off the bridge as a result of the event.

Nomad’s Acknowledgement:

The crypto business acknowledged the hack in a tweet late Monday. The corporation stated that they were informed of the token bridge issue.

They also stated that they were reviewing the instances and will offer updates once all of the information was obtained. However, it is unclear how the hackers planned the assault, and Nomad has not stated if it intends to compensate anyone who lost crypto in the incident.

Bridge hacking:

As previously stated, Nomad acts as a bridge, allowing users to trade data and tokens between multiple crypto networks. These are useful for avoiding the exorbitant processing costs that are levied when transactions are done directly on blockchains such as Ethereum.

However, because of examples of poor design and weaknesses, they have recently been a target for hackers. This year alone, some gateways have been abused, resulting in losses of around $1 billion in crypto assets.

Bridge exploitation:

Ronin, a blockchain bridge, was attacked in April, resulting in $600 million in losses. According to US authorities, North Korea was responsible for the strike.

A few weeks later, another bridge named Harmony was attacked, and the crime cost the bridge roughly $100 million. Nomad, like Harmony and Ronin, became a target owing to a flaw in their coding, albeit there were a few differences.

Hackers required private keys to command the network and move the currency in the previous two attacks, but with Nomad, they were able to create transactions after an upgrade.

How Wealth Management Firms Can Bring Longevity To Your Crypto Investment

How do you know what will be the best long term crypto investment? Will it be Bitcoin, Litecoin, or Ethereum? What about Ripple, Steemit, or Synereo? 

There are so many cryptocurrencies out there, and it cannot be easy to know where you should put your money and how much time you should invest in the cryptocurrency market. 

This step-by-step guide was created to inform you why wealth management firms may be the best long term crypto investment option available today.

Step 1 – Establish a long-term strategy

The best long term crypto investment strategy is to invest at least a third of your total portfolio in a cryptocurrency basket. This will be one of the major reasons wealth management firms should focus on bringing longevity to their clients’ crypto investments. 

To minimize risk and volatility in your investments, diversification becomes key. 

At first, diversifying between different types of crypto like coins (Ethereum, Bitcoin) and tokens (Filecoin) can help prevent swings that happen within just one type of crypto (Bitcoin) while being able to take advantage of growth opportunities in new cryptocurrencies and markets like Japan or emerging economies.

Step 2 – Research your options

The next step is to research your options and what you are looking for in a long-term investment. If you’re looking for a more secure investment with less chance of losses, the best option would be to invest in an Initial Coin Offering (ICO). 

An ICO is a process of raising funds through crypto tokens representing company shares. The equity tokens can be used as voting rights and to receive dividends.

Step 3 – Execute your strategy

Putting your strategy into action is a very important part of the process. One way to do this is by rebalancing periodically, especially as market conditions change. 

For example, let’s say you started with a portfolio that consisted of 25% Bitcoin and 75% Ethereum. But now, Bitcoin has increased in value, so it makes up 40% of your portfolio, and Ethereum has decreased in value, so it only makes up 60%. In this case, you may want to rebalance by selling some of your Bitcoin and buying more Ethereum (or selling some Ethereum and buying more Bitcoin). 

If you have difficulty figuring out what allocations to make or how much to sell/buy, you can hire a financial advisor who will help guide you through the process.

Step 5 – Monitor your progress

It is also important to monitor your progress and check in every month. It may be difficult to remember the things you did last month. Remembering what you’ve done this month, even if it was a lot, will help make next month easier on your to-do list. 

Lastly, document any successes or failures during this time to track what works and doesn’t for your specific business needs.

Conclusion

To take advantage of long-term cryptocurrency investment, you need an investment portfolio managed by an expert with the knowledge and skills to work with these alternative assets. 

Working with a wealth management firm will give you a valuable point of contact who can help manage your entire investment portfolio. If you’re interested in maximizing your long-term cryptocurrency investments, then a wealth management firm may be able to bring longevity to your holdings.

Crypto ETFs: 5 Things To Know

Are you looking for ways to invest in the digital currency market? Crypto ETFs can be a great starting point. Exchange-traded funds (ETFs) can be low-risk investment strategies that leverage opportunities in a specific sector of an economy. Essentially, crypto ETFs mirror the features and processes of traditional ETFs available in the stock markets.

Crypto-friendly countries such as Canada, the USA and Australia are slowly integrating the digital currency market into their financial systems. Such breakthroughs encourage investor participation in the crypto market by looking for alternative income and portfolio expansion streams. Also, these present opportunities for crypto-friendly countries to impose revenue regulations such as crypto ETF taxes.

Suppose you’re looking to tap into the market and leverage crypto opportunities to grow your portfolio. To help you make a more informed decision, here are things to know about investment options such as crypto ETFs.

  1. Allows For Portfolio Diversification

Crypto ETFs are derivatives of other cryptocurrencies available in the market. Crypto ETFs offer profitable opportunities to grow your portfolio by looking at the economic health of bound cryptocurrencies. 

In addition, investing in crypto ETFs exposes your portfolio to multiple sectors of the digital currency ecosystem. One of many risk management strategies you can deploy when buying cryptocurrency.

  1. Crypto ETFs Investment Options

Crypto ETFs have options that you can leverage depending on your understanding and risk appetite. You can invest through a brokerage or investment firm that gives you indirect ownership of the underlying cryptocurrency EFTs. It’ll insulate your portfolio from expenses and the risk of buying a single cryptocurrency.

Alternatively, you can invest in crypto ETFs by tracking derivatives such as futures contracts. The derivatives’ behaviour is correlated to underlying cryptos and may significantly affect your portfolio performance. For instance, the price of crypto EFTs can rise to similar heights as with the derivative because of the locked contract, not the price action of a cryptocurrency in the digital currency market. If you buy shares of crypto EFTs that are locked in a futures contract price, the price fluctuations of cryptocurrencies tied in the EFTs doesn’t affect the derivative.

  1. Regulatory Issues Of Crypto ETFs

Crypto ETFs are debutants in the financial markets, and securities exchange commissions have recently rejected their inclusion in the stock markets. Illiquidity and the unregulated nature of cryptocurrency were among the worries fronted by the commissions.

Crypto ETFs would contribute to the opaqueness of the digital currency landscape, and investors should use caution when buying into the idea. However, an influx of people is rushing in as investment firms are starting to issue crypto ETF products to the public in share markets.

  1. Potential Benefits Of Investing In Crypto ETFs

Crypto EFTs have several potential benefits, almost similar to owning traditional shares of companies traded in the stock market. The brokerage or investment firm managing your holdings will carry most of the risk while trading the crypto market swings. The following are some of what to expect when you invest in the upcoming market.

Reduced Cost Of Ownership: Owning a single cryptocurrency can be challenging and expensive if you’re not informed. Crypto ETFs can save you the headache of tracking market prices or finding a strategy to trade digital assets. Events in 2021 concerning Bitcoin, for instance, showed a whipsaw reaction as the market price hit an all-time high and dropped significantly. 

Minimal Expenses: You outsource expense responsibilities to the investment fund management firm, the custodian of your crypto ETFs. You’ll avoid paying transaction fees, platform charges and other digital provisions to manage your cryptocurrency.

Simplified Learning Curve: Investing in the cryptocurrency market follows a disclaimer, and results aren’t guaranteed. It’s also tricky for newbies to determine which digital asset is a worthy investment. Crypto ETFs will bind lucrative digital assets and simplify your investment journey.

Secured Investment Vehicle: Portfolio security is outsourced to EFT firms and the crypto EFTs. It’s their responsibility to safeguard your investments and earnings from the cryptocurrency market. 

Eliminates Erratic Crypto Investment: You must be analytic when buying cryptocurrency and separate facts and fear of missing out (FOMO). There are more than 2000 cryptocurrencies in the digital currency space, complicating market investing. Crypto EFTs are well-selected to eliminate uncertainty and erratic purchases that are common mistakes of newbie investors.

  1. Avenues To Buy Crypto ETFs

Cryptocurrency integration into financial markets has opened doors to more channels to invest in the digital currency landscape. Brokers and stock markets are now offering crypto ETF products and services to investors who are looking to expand some portfolios. These products and services mimic most effects in the share markets with derivatives from participating or listed companies such as S&P 500.

However, you must consult financial experts about buying and selling crypto ETFs to make informed investment decisions. Crypto ETFs are new and might have risky gaps such as a takeoff failure by a crypto project that can significantly impact your investment experiences.

Final Thought 

Crypto ETFs are still in progress as crypto-friendly countries welcome the idea. This is a breakthrough for the digital currency market that can be profitable to investors. So, it’s crucial to learn how the traditional ETFs work as crypto ETFs copy most features and traits of the stock markets. In addition, research and invest through reputable investment firms to outsource risks involved in the cryptocurrency market.

6 Mistakes Investors Make When Building a Crypto Portfolio

The past few decades have seen cryptocurrency take the world by storm. But in the process of growing from a niche investment to a mainstream phenomenon, there have been many pitfalls along the way. Cryptocurrencies are extremely volatile and continue to rise or fall based on supply and demand.

As the cryptocurrency market continues to grow, many investors have taken notice. From individuals looking to become part of the crypto movement to institutions trying to get ahead of the curve, there are thousands of reasons people are flocking to digital currencies. Despite being decentralized, open source, and transparent, the crypto industry is a double-edged sword if you’re unfamiliar with the changing trends and market behaviors. 

This can be confusing for new investors who want to build their portfolios without relying on any specific platform or brand name. If you’re an investor looking to expand their portfolio by investing in crypto, here are a few things you need to be on the lookout for.

Mistake #1: Ignoring the risk-factor

A portfolio is built considering diversification, risk factors, and return ratio. It is a combination of all your investments. Amateur investors are often more interested in highly profitable investments without having a contingency. Unfortunately, they forget that they are equally vulnerable to huge losses. 

Ignoring risk even if a certain currency is doing well can be costly. It’s always better to check out multiple options and invest in small chunks rather than betting on one coin. 

By diversifying your portfolio, you can minimize the impact of a single cryptocurrency on your overall returns when it experiences a decline in value or, even worse, gets delisted from exchanges or trading platforms. Your portfolio’s investments should be split into high, medium, and low-risk categories. You can invest in stable coins or buy Shiba Inu and other cryptocurrencies to ensure your portfolio stays diverse and stable.

Mistake #2: Ignoring the history of crypto

You need to know what you are doing! You should always be on the top of your game by staying updated on the recent changes as well as reading up on a certain coin’s history, performance, and future predictions. Knowledge is power, so if you want to become successful in crypto, you must be knowledgeable about the subject matter. 

Each cryptocurrency has unique benefits and disadvantages, which investors must understand before investing. Be aware of the risk percentage and invest only what you can afford to lose.

Although you can learn helpful tips from traders on YouTube or Twitter, it’s crucial to make your own decisions by considering all factors and their long-term and short-term impacts. Ensure that you grasp the specific problem a new cryptocurrency is attempting to address, what sort of people are investing in it, and who designed it before making a decision. Never buy a coin based on someone’s advice, particularly social media influencers and celebrities. 

You can also find a list of eco-friendly cryptocurrencies that aim to protect the environment. If this is something that aligns with your values, you should consider investing in one.

Mistake #3: Not checking in frequently

The cryptocurrency market moves so fast, and it’s always changing. Unlike the stock market, you need to constantly check the market value of the coins you have invested in. Checking once a day won’t do any good if you want to get the most out of your assets; you need to check more frequently—perhaps once an hour.

We know it seems ridiculous to hit refresh after every little while to see if the value of your coin has gone up or down. This is why we’d recommend looking into watch lists online. Websites like this provide an excellent platform to monitor your coins and receive alerts if the value goes up or down your limit.

Mistake #4: Following the herd

It’s not enough to just buy crypto; you need a strategy. The market moves so fast, and it’s always changing. If you don’t have a strategy and are just buying whatever sounds interesting or in trend, you won’t be able to stay on top of it. One important thing about crypto is that the prices move so fast that if you don’t have a strategy and just buy whatever looks appealing, you won’t be able to comprehend the trends or predict future projections.

“FOMO” or fear of missing out, is a common phenomenon people experience in the crypto world. New investors unaware of market volatility can invest a large chunk in a coin that previously saw a huge hike in its value. It’s crucial to consider that just because your friends made huge profits once, you will see the same outcome next time.

Know what’s good for you and don’t haste!

Mistake #5: Purchasing a cheap coin 

While the price of a coin can be a very important factor in deciding whether or not it’s worth buying or selling, low-cost coins aren’t always a good investment. 

It may look like your losses will be minimal and easily recoverable, but if you operate with this mindset, you’ll soon become used to investing in projects that are low risk, low reward. 

Low costs are not always a sign of a good deal. Prices can be intentionally low to draw unsuspecting investors in. Be wary of cryptocurrencies that have declining user rates. Additionally, developers frequently abandon projects, preventing them from being properly updated and leaving your portfolio vulnerable. 

Mistake #6: Believing that cryptocurrency equals “easy money”

Traders who believe cryptocurrency is easy money compared to traditional investment methods are often those with little understanding of the market. Cryptocurrencies indeed offer high-risk, high-reward scenarios like any other investment, but it’s important to understand what you’re getting into.

Focus on the big picture at all times. Investing in cryptocurrencies should just be one component of your portfolio. You should also be looking into the value of more established, conventional investments like real estate, gold, stocks, other currencies, etc. Make sure your entire investment portfolio is as diversified as your cryptocurrency portfolio.

Conclusion

Often, fear of missing out on something great is a greater motivator for investors. It’s a worthwhile consideration, seeing the potential gains of this industry, but it’s also easy to make mistakes. 

If you follow the above-mentioned advice, you’ll be better equipped when it’s time to cash in on your investments. The cryptocurrency market can be highly volatile, and it’s important to learn and adapt rather than play by the rules to avoid future losses. Bad crypto investments are not worth the money or effort, and your crypto portfolio’s first steps should always be rooted in logic, prudence, and an eye for long-term gains. 

What is the Next Big Cryptocurrency to Explode in 2022?

Crypto Market is a hot topic around the globe. Many people are still unsure whether investing in cryptocurrency is a good financial choice in these uncertain times. While there is no definitive answer, it is certain that some coins will perform better than others as the industry recovers.

The growth of the crypto market continues to be evident day by day. Bitcoin, the most widely used cryptocurrency, has seen a 70% increase in its popularity over the past year. Already, the capitalization of crypto markets has surpassed $2.2 trillion. Some of the world’s most powerful investment funds actively invest in crypto assets. The cryptocurrency market can be volatile. Even cryptocurrencies that are successful may become shitcoins within a few weeks. Some crypto tokens and coins manage to remain on top.

Which Cryptocurrency is Set to Explode?

You might be curious about which cryptocurrency will give you the best return if you decide to buy it. While bitcoin is the most obvious option, it may not be the best in 2022. You might have a better chance of getting a large payoff if you choose a smaller coin than bitcoin that has not been pumped up by institutional investors like bitcoin.

Here are four main cryptocurrencies that might still have high ceilings in 2022.

1. Ethereum (ETH)

Ethereum, also known as ether is the second largest cryptocurrency in the world after bitcoin. Sometimes, it even surpasses bitcoin. Ethereum implemented a major upgrade last year that saw the supply of Ethereum drop to 121.8 million coins, as of August 2. This upgrade allows Ethereum to process more transactions per second, increasing its scalability as well as lowering transaction fees.

Ethereum is experiencing a severe slump. It has lost over 35% since the start of the year. This is roughly on par with major cryptocurrencies. Analysts believe that the low price of Ethereum makes it a great time to buy if you’re looking for the perfect moment to explore the cryptocurrency market. Current investors who purchased high-quality coins might find the coin appealing. They would also benefit from dollar cost averaging.

2. Bitcoin (BTC)

Bitcoin doesn’t require much introduction. Bitcoin is the most widely used cryptocurrency in the world and serves as an industry standard. It’s easy to see how Bitcoin has changed the way we view digital assets. BTC was worth $1 in February 2011, and by November 2021, it had surpassed $68000. The Bitcoin price dropped to $23,670 by mid-2022. This drop was a major headache for many but it can also offer great opportunities for those who are willing to take the chance. 

Bitcoin is still experiencing a storm. Its current value does not mean that it cannot go lower. One of the reasons why Bitcoin is a promising cryptocurrency investment is its increased use. Even El Salvador and the Central African Republic have given Bitcoin legal tender status. Experts believe that the Bitcoin price will explode, surpass $100,000 by 2022, and then grow tenfold to break $1 million by the end.

Pro Tip: Use Kucoin (the most popular cryptocurrency exchange) to trade, buy, and sell cryptocurrencies. The platform provides basic trading options as well as margin, futures, and peer-to-peer trading (P2P). Kucoin is a more attractive alternative to other competitors because it charges very low trading fees.

3. Algorand (ALGO)

Algorand’s price has been rising since the second half of March. It shows great promise. This crypto asset supports a self-sustaining, decentralized blockchain network that is working to become one of the largest dApp (decentralized app) hubs in the globe. The bridge will bring Ethereum compatibility to Algorand’s blockchain. This will provide liquidity that is much needed.

Algorand appears to have a lot of partnerships in place for the future and is on the verge of the next ALGO price rise. Algorand will only be the next cryptocurrency to explode, but it is possible to invest in it and any other coins on this list.

4. Decentralized (MANA)

Decentraland, a virtual reality platform on Ethereum blockchain, uses the MANA token to make in-game payments. You can buy goods and services, visit other players and purchase land, and create and monetize your own content. MANA’s current price of $0.96 on Aug. 2 is a 60% increase over its 52-week low of $0.6018 and an 84% drop from its 52-week high of $5.90.

MANA is the second largest gaming cryptocurrency by market capitalization. It faces competition from ApeCoin and The Sandbox, but it also has some advantages that could help the token move forward. Blockee recently listed land parcels at $3,000 and land parcels are currently listed on Blockee starting at $3,000 each. Users can also convert the digital assets created in Decentraland to other cryptocurrencies, and retain ownership.

Knowing These 5 Secrets Will Make Your Crypto Telegram Channels Look Spam-free

Telegram has become an ideal platform for growing a cryptocurrency community. But recently it has also attracted several bad actors including spammers and trolls. These noise-producing sources can relentlessly bombard any crypto telegram channel with unrelated information. A successful crypto Telegram channel needs to foster a sense of security , to stay ahead of cryptocurrency news 

Thus, it is up to the Telegram community manager to identify these fraudulent activities, minimize the nuisance and improve group security. Luckily several effective security measures can make any crypto Telegram group appear spam free.  

  1. Identifying spammers

Spammers and other bad entities continue to create a toxic and unwelcoming environment. If this activity is left unchecked, it can lead to an erosion of trust among the group participants and decreases the positive sentiment in the chat. This role should be taken up by community admins and group owners. 

  1. Avoiding phishing efforts

In phishing, any dishonest entity can create a fake website, join a particular crypto telegram channel, and behind sending links to participants with irresistible offers. Generally, participants are directed to a site that asks for their crypto wallet credentials once they click on the link. To avoid this problem, group owners should use URL whitelisting which can block any unapproved links. To mitigate risks, the number of clickable links in the group chat has to be minimized. 

Also Check : Top Non-Fungible Tokens , aka NFT Tokens Projects

  1. Removing giveaway posts

Another form of phishing that relay on celebrity namesakes is giveaways involving popular tokens such as Bitcoin and Ethereum. Group members can easily be fooled by a carefully crafted fake social media account, complete with likes, retweets, and sources from what appear to be legitimate sources. Group owners and managers should quickly ban such impersonators and prepare a list of the real social media handles of crypto-influencers. 

  1. Preventing flooding

Flooding refers to a stream of unwanted, duplicate messages being released automatically into a chat room. This technique is used by spam marketers who can program chatbots to reply to messages left by participants, sending them irrelevant, malicious, or promotional information. When left unchecked, it can choke communication which can devalue the channel experience for interested users. To prevent this problem from occurring, group owners can choose flood protection, which prevents trolls and spammers from filling a group with spammy messages. This feature quickly raises a flag for moderators when it detects excess posting.  

  1. Stopping admin impersonation

Impersonating a group admin is one of the most common tactics employed by Telegram scammers. Unsuspecting members can easily fall into the trap as they feel it’s coming from a position of authority. To avoid this, the community guidelines should clearly state that admins never ask for wallet credentials. They should also conduct regular checks to find fake admin profiles and swiftly ban them. 

Conclusion

Channel moderators have to work towards retaining their community members on a 24/7 basis. While taking all the above steps can be time-consuming. The efforts will be appreciated by group members. This is the best way to nurture confidence in a particular project and fuel its goals for growth. 

Enlightening The Youth Through His Knowledge, Barbod Massoumi Is All Set to Become a Leading Cryptocurrency Consultant in The Middle East

You must have come across the term cryptocurrency quite frequently these days. The majority of people all around the globe have heard about cryptocurrencies or attempted to invest in this market. However, despite being one of the most significant investment sources in the world, not many people know what it exactly is. Sadly, there is a lot of misinformation regarding this field, making it even harder for those who want to learn about it. Cryptocurrency is a hot market, and a large percentage of the youth is willing to use cryptocurrency. There is no doubt that this type of currency is a very volatile form of money. However, millennials who wish to invest in cutting-edge technologies are not scared or turned off by this trait. Most cryptocurrency investors are young. In fact, over half of millennial traders acknowledge that they have more faith in cryptocurrency exchanges compared to the stock market. Being raised in the era of technological advancements and having easy access to computers, the internet, and cellphones, the involvement of millennials in such adventures tends to be invoking. When it comes to the younger generation, a massive shift towards investing in cryptocurrency can be seen. But the struggle for proper guidance is a big hurdle.

Among the many cryptocurrency coaches and trainers, Barbod Massoumi, popularly known as BitBod, is one such crypto genius who has not only carved a niche for himself but is making waves with his incredible predictions and prophecies. He is just 25 years old and has become a leading cryptocurrency consultant in the Middle East. BitBod’s incredible knowledge of crypto at such a young age makes him an inspiration for everyone, especially the youth.

It is no secret that adults are not as proficient in modern technologies like virtual currency compared to the youth of today. They were raised in a different world, which explains their fear and lack of optimism. Such individuals are wary of cryptocurrency and its advanced technology, whereas millennials are willing to embrace it with open arms. The youth has more faith in cryptocurrency since it is electronic and appropriate for the modern world they live and believe in.

Barbod Massoumi understands how the world has shifted and will keep on shifting toward digital currency in the future. According to BitBod, the exchange of bitcoin and other cryptocurrencies is just one aspect of the market. If we alter our perspective of this universe, we can accomplish great things in the vast realm of cryptocurrencies. The capacity to convince and develop the abilities of sales is one of the things we need to study well to succeed in the cryptocurrency trade. If you are skilled at negotiating and presentation, you can land several jobs in different industries and even create training materials that will pay for themselves. BitBod urges the youth to not limit themselves and consider selling their expertise in this industry.

Barbod Massoumi’s mission is to enlighten the youth through his knowledge while educating them about the world of cryptocurrency and how to access it. “Many people believe I will overtake other brands in the Middle East in a year with an Instagram page. But in actuality, it never was the plan. I initially attempted to persuade others to give me money so I could invest it when I lacked the funds to launch a business. A large portion of this money I lost entirely. But that’s how the market works. The key to success is this. You have to fail a lot for success but still keep moving,” explains BitBod.

Barbod Massoumi realized that transferring his knowledge to the newcomers, which inspired him to pursue a career as a consultant, is the best way to create his legacy. Therefore, he has worked with many prominent businesses in Iran and the Middle East, trying to help them prepare for the new world they would soon be entering. In fact, he founded the largest bitcoin training company, BitBod Company, in the Middle East in 2020. Since then, he has worked with millions of people, and his business has kept up its learning curve by constantly looking into and assessing blockchain technologies. So, it won’t be wrong to say that BitBod has become a very influential trainer and counselor in the Middle East’s bitcoin eco-community.

BitBod has also authored a book about cryptocurrency to help those interested in this market to understand its foundations. In addition to that, he has been interviewed by Yahoo Finance, which accurately referred to him as the Crypto Genius. He has participated in several webinars and seminars as an orator, including Z Generation, where he has discussed the possibilities related to the crypto market. As for his vision, he wants to establish an AI platform integrated with a smart contract that enables autonomous, decentralized organizations to set the rules. BitBod thinks that the potential of cryptocurrency has only been partially realized and believes that well-trained youth can transform and revolutionize the world.