Getting Started With Crypto

If you’ve been investing in cryptocurrencies, you know that keeping an eye on market conditions is extremely important. As an investor, you need to be aware of what is happening with different currencies and what other traders are saying about the future.

Therefore, if you want to make wise investment decisions, it is better to consider cryptocurrency predictions. Fortunately, there are many sources online that allow you to research and search for predictions. This will help you stay ahead of others in the market. Make sure you stay away from scammers and other schemes that claim to make you rich overnight. Below are some credible sources of predictions that will help you succeed as an investor.

TradingView

If you’re looking for a reliable forecast source, check out TradingView. This platform offers great graphics tools that everyone can use. It doesn’t matter whether you are a beginner or an advanced user. This platform allows you to learn how different types of cryptocurrencies are performing over time. So you can predict their behavior in the future.

One of the main reasons why this platform offers reliable predictions is that it has a large community of experienced investors who are always ready to share their knowledge. In fact, more than 3.3 million active investors are part of this platform.

Finder.com

Finder is your perfect source for valuable information on cryptocurrency futures from a variety of trusted authorities. In fact, Finder regularly consults financial and cryptocurrency experts and publishes their predictions for other investors.

In addition, the platform works with panelists from different sectors, such as news, finance and technology. Based on discussions with these professionals, Finder can make accurate predictions.

Bitcoin Wolf

Bitcoin Wolf is another great platform that can provide accurate predictions about cryptocurrencies. By joining the chat room on this platform, you can chat with other experienced investors around the clock. Apart from this, you can take advantage of other great features offered by the platform such as real-time alerts, peer-to-peer advice centers, technical analysis and more.

This place is the best platform to talk about the future of these currencies. And the great thing is that experts will give you a deeper insight into this world and help you make informed decisions.

When it comes to investing in cryptocurrencies, make sure you do your homework first. It’s a great idea to keep the forecast in mind so you can make the right decisions along the way. You should pay attention to what other experienced investors think about the future. In addition, you may want to get the perspective of industry experts.

Final Thoughts

So if you look at the sources above, you’ll get to know the minds of other investors in the industry. Doing so will allow you to make better decisions, which will ensure that your business is profitable. It is best to check the forecasts regularly.

Whether it’s the idea of ​​cryptocurrencies themselves or the diversification of their portfolio, people from all walks of life are investing in digital currencies. If you’re new to the concept and wondering what’s going on, here are some basic concepts and considerations for investing in cryptocurrencies.

What cryptocurrencies are available and how do I buy them?

With a market cap of around $278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market cap of over $74 trillion. Besides these two currencies, there are other options including Ripple ($28B), Litecoin ($17B) and MIOTA ($13B).

Being the first to market, there are many exchanges worldwide for Bitcoin trading. BitStamp and Coinbase are two popular US-based exchanges. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies along with Bitcoin, then this is a crypto market where you will find all digital currencies in one place. Here is a list of exchanges by 24-hour trading volume.

What options do I have to save my money?

Another important consideration is the storage of coins. One option, of course, is to store them in the exchange you buy them from. However, you will need to be careful when choosing an exchange. Due to the popularity of digital currencies, many new and unknown exchanges have appeared everywhere. Take the time to do your due diligence so you can avoid scammers.

Another option you have with cryptocurrencies is that you can store them yourself. One of the safest options for storing your investment is hardware wallets. Companies like Ledger allow you to store Bitcoins and many other digital currencies.

What is the market like and how can I find out more about it?

The cryptocurrency market changes a lot. The volatile nature of the market makes it more suitable for long-term play.

There are many news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph, and Cryptocoin News. In addition to these sites, there are many Twitter accounts that tweet about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to disrupt the traditional currency and commodity markets. Although these currencies still have a long way to go, the success of Bitcoins and Ethereum have shown that there is real interest in the concept. Understanding the basics of cryptocurrency investing will help you move in the right direction.

For some time now, I have been closely watching the performance of cryptocurrencies to see where the market is headed. The routine my primary school teacher taught me – where you wake up, pray, brush your teeth and eat breakfast has changed a bit to wake up, pray and then go online (starting with coinmarketcap) to find out what crypto assets are. Red.

The start of 2018 was not pretty for altcoins and related assets. Their performance was hampered by frequent bankers’ opinions that the crypto bubble was about to burst. However, ardent cryptocurrency followers are still “HODLing” and are actually reaping the big bucks.

Recently, Bitcoin returned to almost $5000; Bitcoin Cash approached $500, while Ethereum found peace at $300. They got almost all the coins from newcomers who were still in the excitement phase. At the time of writing, Bitcoin is back on track and trading at $8900. Many other cryptos have doubled since the start of the uptrend and the market cap is resting at $400 billion from a recent peak of $250 billion.

If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips for trading cryptocurrencies

• Start small

You’ve already heard that cryptocurrency prices are on the rise. You’ve probably also heard the news that this uptrend won’t last much longer. Some naysayers, mostly esteemed bankers and economists, usually call it a get-rich-quick scheme with no stable foundation.

Such news makes you invest in haste and if you don’t apply moderation. A little analysis of market trends and currencies worth investing in can guarantee you a good return. Whatever you do, don’t invest all of your hard earned money in these assets.

• Understand how exchanges work

I recently watched a friend of mine post a Facebook feed about a friend of his going into trading in an exchange, and he had no idea how it worked. This is a dangerous move. Always review the site you want to use before you register, or at least before you start trading. If they offer a fixed account to play with, take that opportunity to get a feel for what the dashboard looks like.

• Do not insist on negotiating everything

There are more than 1400 cryptocurrencies to trade, but it is impossible to deal with them all. Extending your portfolio to a larger number of cryptos than you can effectively manage will decrease your profits. Select some of them, read more about them and how to get trading signals.

• Stay sober

Cryptocurrencies are volatile. This is both their misfortune and their benefit. As a retailer, you must understand that wild prices are inevitable. The uncertainty of when to make a move makes him an ineffective trader. Leverage hard data and other research methods to ensure when a trade should be executed.

Successful traders belong to various online forums where cryptocurrency discussions about market trends and signals are discussed. Sure, your own knowledge may be enough, but you have to rely on other traders for more relevant data.

• Diversify wisely

Almost everyone will tell you to expand your wallet, but no one will remind you to deal with currencies that have real-world uses. There are some crappy coins you can deal with for quick cash, but the best cryptos to deal with are the ones that solve existing problems. Coins with real-world uses have been less volatile.

Don’t diversify too early or too late. And before making the move to buy any crypto asset, make sure you know its market cap, price swings, and daily trading volumes. Maintaining a healthy portfolio is the way to get big from these digital assets.

In a world driven by hype and FOMO [Fear Of Missing Out]It’s becoming clearer every day that a serious crypto enthusiast needs to make a case for choosing a token to help them capture money in a world where real viable projects are hard to find and good projects with long-term prospects are even harder. ‘shit coins’.

With recent developments where most new cryptocurrencies are hitting record lows and new ICO Projects failing to live up to their hype after Crowdsale, it is now common for disappointed “investors” to blame ICO promoters on social media instead of blaming them. for not doing due diligence themselves to pick a sure post-crowdsale winner before buying a token during their ICO.

From my extensive observation, most crypto buyers simply bought the coins based on an ICO based FOMO (Fear of Missing Out) created by the masters of the hype behind these coins. Many bought without understanding the coin’s post-ICO purpose, or what the token was supposed to do after the Crowdsale. When nothing happened after the ICO, as is the case with many ICOs now, they jumped on social media to cry bloody murder.

Recently, me and my team just finished a tour in Africa and parts of the US to promote the Nollycoin ICO. We organized and sponsored different conferences, held AMA (Ask Me Anything) press conferences and held many one-on-one meetings with Crypto whales, small investors and crypto millionaires of all colors.

Through it all, one thing that surprised me more than anything else was that MOST token holders had NO idea what the underlying business or project was involved in behind the token sales.

Even more strange to my observation, it was surprising that many could not articulate the project’s value proposition, its goals or the company’s plan to disrupt the market and capture a portion of the buyers in their industry. They simply bought the ICO because the various telegrams or Facebook pages they visited told them to “Buy”. Hodl and buy more’. Most simply acted on herd instinct instead of objective deliberation.

Now, if most of the people I met were teenagers or uneducated people, I wouldn’t be so surprised by the level of ignorance of many of the crypto “investors” I’ve met. On the contrary, many of those I met were college graduates and some middle-aged. However, less than 10% of them can easily say why they bought a coin in the hope that it would increase in value over time. Everywhere I went, very few people in the crowd told me the name, experience, and ability of the corporate executives of the company selling the coins.

The only thing most of them could point out was that the coins were recommended by “respectable” influencers, when facts have shown that most of them paid colds to create respectability for FOMO and otherwise worthless shitcoins.

Beyond the so-called fake influences, many crypto buyers knew the names of the ringleaders were Russian, Chinese or Korean, even though they knew nothing about them. As if all you need to have a successful ICO is to list the names of people in Korea or China or Russia that no one could verify with a simple Google search.

While I agree that there are certainly many things to consider when deciding whether or not a project’s tokens will increase in value over time, I think the acid test and immediate evaluation criteria should be the utility of the coin itself outside of what would happen. on crypto exchanges.

Although most crypto token owners I met didn’t know it, the reality is that if you bought a token from most ICOs, you weren’t actually “investing” in that company. You would not be buying shares in the company and you would not be buying any security from the company.

And at best, what you were doing when you bought tokens in most ICOs was “donating” to a project, outside of the business ecosystem legally controlled by the issuing company, in exchange for a utility token or coin that legally had no real value.

In short, apart from hoping that the price of the tokens will rise to “the moon” or become a millionaire, there is nothing else you can do with the token other than enjoy the utility attached by the ICO company, if any.

Since no one could predict for sure how Crypto would perform on a crypto exchange when it finally got there, and recent experience has shown that the prices of most tokens would likely dive within the first few weeks of being listed on an exchange (due to heavy speculator selling), it would make sense to sell your token from looking at what value or utility you can get out of it, beyond the expected “moon” in return.

As the crypto revolution continued to evolve, transform and adapt to different market developments, the only way to make sure your money isn’t going down the drain is to make sure you can still use those tokens for great value and benefits. even if you could sell it for a profit in an exchange.

When making this decision, you should ask yourself this key question: What is the value, product or service that the company selling the token is creating that will give me enough value for my cash to make this purchase worthwhile?

In a world where token prices are falling on different exchanges, the more opportunities you have to get a real-life use for a token outside of the expected list on a crypto exchange, the more likely you are to end up frustrated or broke. tabs that are useless to you.

So you have to ask again and again: If this coin was never traded on an exchange, would I be happy to support the vision? If this token has lost 70% of its value on an exchange, can I still use it and get my money’s worth with it somewhere else?

If you could not answer these questions positively after reviewing the RESEARCH and investment claims of the company, then you should think twice before buying that coin.

Final case study

Take a current ICO like Nollycoin, which is a token that powers a Blockchain-enabled film distribution ecosystem. The coin’s promoters have created different utility scenarios for the coin’s buyers to ensure that whatever happens to Nollycoin in the crypto exchange, their backers and token holders will continue to smile.

They are among the great utilities attached to the Nollycoin token in the Nollytainment ecosystem

• Ability to use Nollycoin tokens to watch exclusive movies in theaters and cinemas

• Ability to use Nollycoin tokens to access 1,000 movies on the Netflix-on-steroids blockchain Movie distribution.

• Ability to use Nollycoin tokens to purchase products and services on NollyMall, which is like an Amazon platform for entertainment-based products.

• Ability to use Nollycoin tokens to pay school fees on the NOLLY Academy platform and partner companies

As you can see, beyond the normal expectation that tokens can be listed on a crypto exchange platform, you need to look beyond the hype of an ico to the immediate and prospective utility of the token and the viability of the underlying project.

The value of Bitcoin has soared this year, even surpassing an ounce of gold. There are also new cryptocurrencies in the market, which is even more amazing, which is worth more than a hundred billion cryptocurrencies. On the other hand, the longer-term cryptocurrency outlook is somewhat dim. There are conflicts over the lack of progress among the main developers, which makes it less attractive as a long-term investment and as a payment system.

Bitcoin

Still the most popular, Bitcoin is the cryptocurrency that started it all. It is currently the largest market cap at around $41 billion and has been for the past 8 years. Around the world, Bitcoin has been widely used and so far there is no easy to exploit weakness in the method it works. As both a payment system and a stored value, Bitcoin allows users to easily receive and send bitcoins. The blockchain concept is the foundation upon which Bitcoin is based. It is necessary to understand the concept of blockchain to know what cryptocurrencies are.

Simply put, blockchain is a distributed database that stores all transactions on the network as chunks of data called “blocks”. Every user has copies of the blockchain, so when Alice sends 1 bitcoin to Mark, every person on the network knows about it.

Litecoin

An alternative to Bitcoin, Litecoin attempts to solve many of the problems holding Bitcoin back. It is not as resilient as Ethereum, especially with the value derived from strong user adoption. It should be noted that Charlie Lee, ex-Googler leads Litecoin. He is also working on transparency with what he is doing with Litecoin and is quite active on Twitter.

Litecoin was second fiddle to Bitcoin for a long time, but things started to change in early 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Litecoin then solved the Bitcoin problem by adopting Segregated Witness technology. This gave it the ability to lower transaction fees and do more. Decisively, however, Charlie Lee decided to focus his sole attention on Litecoin and even left Coinbase, where he was the Director of Engineering, solely for Litecoin. Therefore, the price of Litecoin rose in the last months, its strongest factor was that it could be a real alternative to Bitcoin.

Ethereum

Vitalik Buterin, the superstar programmer came up with Ethereum, which can do everything Bitcoin can do. However, its purpose is primarily to be a platform for building decentralized applications. Blockchains are the differences between the two. Basically, Bitcoin’s blockchain records a type of contract that indicates whether funds have been transferred from one digital address to another. However, there is a lot of expansion with Ethereum because it has a more advanced scripting language and a more complex and wide range of applications.

Projects started to emerge on top of Ethereum when developers began to notice its better features. Through token crowd sales, some have even raised millions of dollars and this is an ongoing trend even today. The fact that you can build amazing things on the Ethereum platform is almost like the Internet itself. This caused the price to skyrocket, so if you bought a hundred dollars worth of Ethereum this year, it wouldn’t be worth nearly $3000.

monero

Monero aims to solve the problem of anonymous transactions. Although this currency was perceived as a method of money laundering, Monero aims to change that. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain where all transactions are public and recorded. With Bitcoin, anyone can see how and where money was moved. However, there is imperfect anonymity in Bitcoin. In contrast, Monero has an opaque transaction method rather than a transparent one. No one is really sold on this method, but since some people love privacy at any cost, Monero is here to stay.

Zcash

Unlike Monero, Zcash also aims to solve the problems faced by Bitcoin. The difference is that instead of being completely transparent, Monero is partially public in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, not all people love to show off how much money they’ve spent on Star Wars memorabilia. So the bottom line is that this type of cryptocoin really has an audience and demand, although it’s hard to say which privacy-conscious cryptocurrency will eventually come out on top of the pile.

Banco

Also known as “smart tokens”, Bancor is a new generation cryptocurrency standard that can hold more than one token in reserve. Basically, Bancor tries to make it easier to trade, manage and create tokens, increasing the level of liquidity and allowing for automated market pricing. At the moment, Bancor has a product on the frontend, including the creation of a wallet and a smart token. There are also features in the community such as statistics, profiles and discussions. In summary, Bancor’s protocol enables the discovery of an internal price and liquidity mechanism for smart contract tokens through an innovative reserve mechanism. Through the smart contract, you can instantly liquidate or buy one of Banco’s reserve tokens. With Bancor, you can easily create new cryptocoins. Now who wouldn’t want that?

EOS

Another competitor to Ethereum, EOS promises to solve Ethereum’s scaling problem through a set of more robust tools for running and building applications on the platform.

Tezos

An alternative to Ethereum, Tezos can be upgraded by consensus without too much effort. This new blockchain is decentralized in the sense that it is self-governing through the establishment of a true digital commonwealth. It facilitates a mathematical technique called formal verification and has features to increase the security of the most conscious and financial smart contract. It will definitely be a big investment in the coming months.

The verdict

It is extremely difficult to predict which Bitcoin on the list will become the next superstar. However, user adoption has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this and while there is a lot of early adopter support for all the cryptocurrencies on the list, some have yet to prove their staying power. However, these are the ones to invest in and watch out for in the coming months.

Today, most people are aware of the potential of cryptocurrencies. This industry is experiencing a revolution in the business world. Therefore, more and more investors are entering this industry. Although it is easy to be a part of this industry, achieving success may not be easy for everyone. Therefore, in this article we will share with you some tips for success. Read on to find out more.

1. Research and increase your knowledge

If you don’t have a basic knowledge of something, you can’t put your money on it. Also, if you are new to cryptocurrency trading, make sure you get some basic knowledge first.

At first, you should start learning basic terms like private keys, digital coins, wallets, and public keys to name a few.

2. Consider diversifying your investments

It is important to remember that the value of cryptocurrency units will continue to change. You cannot predict when the value of a coin will go up or down. So, if you want to be on the safe side, you can consider diversifying your investment.

This will help you minimize your risk and increase your chance of profit. So you might want to stick with this strategy, especially if you’re just starting out.

3. Invest consistently and avoid overtrading

You should invest a couple of hours every day to learn how cryptocurrency trading can be done. You should know how the market works. This will help you get a pretty good idea of ​​the popularity of a specific currency. As a result, you can go for the best investment strategy.

4. Be technological

Also, you need to learn how to use the latest technology to your advantage. Since cryptocurrencies are a type of digital currency, you can buy and sell them using technology. Therefore, you need to learn how to use crypto ATMs and all the other things involved in this process.

5. Beware of scams

No matter what type of business you put your money into, you’ll have to deal with scammers. So, if you know how to use the Internet, you can easily identify scams. If you are well informed, no one can take advantage of you.

6. Consult trusted professionals

It is a great idea to consult trusted professionals in this area. If you follow their advice and take their useful tips, you will be able to take better steps. In this case, you can also watch YouTube videos and join relevant Facebook groups.

You can also consult your friends and family if they have experience in trading and investing in cryptocurrencies.

Final Thoughts

Long story short, if you want to succeed after investing your money and cryptocurrency, we recommend you to follow these 6 tips for success. Hopefully, you will be able to achieve success by following the guidelines provided in this article.

Cryptocurrency as a modern form of digital asset has gained worldwide popularity for easy and faster financial transactions and thanks to public awareness, increased interest in the field has opened up new and advanced ways of making payments. Due to the increasing demand of this global phenomenon, new traders and business owners are willing to invest in this currency platform despite the fluctuating prices, but it is quite difficult to choose the best one when the market is crowded. In the list of cryptocurrencies, bitcoin is one of the oldest and most popular in recent years. Basically, it is used to sell goods and services and has become part of the so-called blockchain computer system, allowing anyone to use it, thus increasing the public craze.

Ordinary people who are ready to buy BTC can use the online wallet system to securely buy with cash or credit cards and store BTC conveniently and as an asset for the future from thousands of foundations around the world. Due to its popularity, many corporate investors are now accepting it as a cross-border payment and the rise is unstoppable. With the advent of the Internet and mobile devices, gathering information has become quite easy, as a result, BTC financial transactions are accessible and its price is set according to people’s choices and preferences, so it is a profitable investment. Recent surveys have also shown that instability is good for BTC exchange, as if there is instability and political unrest in the country, because banks are suffering, investing in BTC can surely be a better option. Again the transaction fees of bitcoins are relatively cheap and the technology is more convenient for making contracts thus attracting the crowd. BTC can also be converted into different fiat currencies and is used for securities trading, land titles, document stamps, public awards and vice versa.

Another advanced blockchain project is Ethereum, or ETH, which has been worth much more than a digital form of cryptocurrency and its popularity over the past few decades has allowed millions of people to own wallets. With the ease of the online world, ETH has allowed merchants and business organizations to accept it for trading purposes, so it could be the future of the financial system. Also, being open source, ETH helps various companies and industries collaborate on projects, thus increasing their utility. Again, unlike a bitcoin that is used to exchange money on a digitized network, ETH can be used for a variety of applications besides financial transactions and does not require prior approval from governments, as people can use them with portable devices. Ether’s price has also remained stable and avoids the hassle of third-party intermediaries such as lawyers or notaries, as exchanges are primarily software-based, allowing ETH to now be the second best cryptocurrency to invest in.

Everyone has heard that Bitcoin and other cryptocurrencies have made millionaires from those who bought them a year ago. Profits of 1,000% or more are not only possible, but common with many of these cryptocurrencies. Someone who bought Bitcoin for less than $500 in May 2016 would have made a 1,400% profit in 17 months. Then, in the last few days, we saw Bitcoin lose almost $1,000, so to say that these cryptocurrencies are volatile would be a huge understatement.

Since Bitcoin’s inception in 2008, we at Trend News have been skeptical of cryptocurrencies’ ability to survive, as they present a very clear threat to governments that want to monitor and tax every transaction. But while we may still be wary of true cryptocurrencies, we are very aware of the potential of the underlying technology that powers these cryptocurrencies. In fact, we believe that this technology will be a major disruption in the way data is managed, and will affect all sectors of the world economy, just as the Internet affected the media.

Here are some questions and answers to get you started…

Q: What are Crypto Currencies?

The most popular cryptocurrency (CC) is BITCOIN. It was the first CC, started in 2008. There are currently over 800 CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, all of which are “virtual”. There are no “physical” coins or currencies.

Q: How does CC work?

CCs are virtual currencies that reside in large, widely distributed databases. These databases use BLOCKCHAIN ​​technology. Because each blockchain database is widely distributed, it is believed to be immune to hacking as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators, often called “miners”, who validate transactions. A CC called Ethereum uses “smart contracts” to validate transactions. Crypto TREND will provide more details in upcoming news releases.

Q: What is BLOCKCHAIN?

Blockchain is the underlying technology for all CCs. Each transaction to buy, sell or exchange CCs is included in a BLOCK that is added to the chain. This technology is complex and will not be explained here, but it has the potential to revolutionize the financial services industry, as transactions can be made quickly and easily, reducing or eliminating fees. The technology is also being explored for applications in many other industries.

Q: Are CC exchanges regulated by the government?

Most of the time, the answer is NO, which, for some users, is the big appeal of this market. It is now the ‘wild west’, but the governments of most developed countries are studying this market to decide what regulation is needed. A big decision is whether to treat CCs as a currency or a commodity / security. Canada and the US have so far declared CCs to be legal, but the reporting and tax implications remain fluid. Crypto TREND will monitor and report on these developments.

Q: How do I invest in this market?

You can buy, sell and exchange CCs using the services of specialized “Exchanges” that act as intermediaries. To get started, you select an Exchange, set up an account, and transfer fiat currency to your account. You can then place your BUY and SELL CC orders. There are many exchanges around the world. Opening an account is quite simple and all these exchanges have their own rules regarding initial funding and withdrawals.

Crypto TREND Will recommend CC exchanges in the future.

Q: Where do I keep my CC?

To have the freedom to move your cryptocurrencies and pay your bills, you will need a digital wallet. These wallets come in various formats such as desktop, cloud based, hardware (USB), mobile and paper. Many of them are FREE, however, security is a big factor as no one wants to lose or have their wallet stolen. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for a number of financial transactions, such as money transfers and bill payments. The list of companies supporting cryptocurrency is growing rapidly, and includes big players like Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway, and WordPress.

Q: What’s next?

To begin with, we will keep each Crypto TREND article short and keep the scope of each one as narrow as possible. As we stated earlier, we believe that cryptocurrency technology will be a game-changer and potential investment opportunities like this only come once or twice in a lifetime. Make no mistake, early investing in this sector is only for your most speculative capital, money you stand to lose.

Even if you don’t want to invest right now, understanding this new disruptive technology early will put you in an advantageous position to benefit from our recommendations as we move forward.

Expect to see more detailed Crypto TREND news and recommendations as we begin this journey into what at first appears to be a foreign jungle. This is a volatile market and may not appeal to all investors, however Crypto TREND will be your guide if and when you are ready.

Stay tuned!

Looking to invest your hard earned money in cryptocurrencies? If so, make sure you know you meet the criteria before making a final decision. Without considering the important factors, you can risk losing your money. There are many cryptocurrencies such as Blockchain or Bitcoin. In this guide, we will share with you some tips that you can follow before depositing your money. Read on to find out more.

1. Don’t invest too much

First, don’t invest any amount you can’t afford to lose along the way. In other words, it should be an amount of money that you do not need to meet your regular needs. If you lose your investment, your life should not suffer. It is not a good idea to take out a consumer loan to invest in cryptocurrencies.

2. Learn the subject first

Before making an investment, make sure you research the subject first. After all, there is no point in investing in something you have no idea about. For example, are you going to buy a house without looking around? Nobody will do that.

However, that doesn’t mean you have to become an expert before making this investment. What you need to do is to understand the general terms related to the industry.

3. Diversify your investments

Another thing is to focus on diversification. In fact, this concept is important regardless of the type of field you want to do business in.

In other words, you may not want to put all your money into one business. For example, if you have 10 eggs, you may not want to put them all in one basket. Use two baskets instead. This way even if you drop one basket and break all the eggs, you will still have half the eggs in the second basket.

So what you need to do is invest your money in different businesses such as real estate and cryptocurrencies.

4. Transfers between exchanges

Make sure you use a good cryptocurrency platform. With the help of this platform, you can buy any of the popular cryptocurrencies like ETH and BTC. If you want to buy another currency, you need to transfer your currency to an exchange. On these exchanges, you can trade your currency pair without any hassle.

5. Do your research

As mentioned earlier, you may want to do your research before making a move. Investing based on the advice of a friend or family member is not a good idea. You can use different mediums for homework such as Google, Skype, Discord, Telegram, Twitter, discussion forums and white paper to name a few. It’s important to take your time before putting money into a project.

So make sure you follow these tips before investing your money in the cryptocurrency world. This way, you can avoid common mistakes that most investors make. Hope this helps.

The wave of banks banning the purchase of cryptocurrency using credit cards is growing as Wells Fargo joins these types of bans. Several other banks such as Chase, Bank of America, Citigroup and more are part of this new trend that is limiting the purchase of cryptos.

Debit cards can still apparently be used to buy crypto (check with your bank to confirm their policy), but using credit cards to buy crypto has taken a turn with these bans on purchases by these banks, and it probably won’t be long before this ban becomes standard. until

Apparently, overnight purchases began to be canceled when credit cards were used to buy crypto, and people who had never had a problem with credit cards before buying crypto began to notice that they were not allowed to make such purchases. Volatility in the cryptocurrency market is the culprit here, and banks don’t want people to spend a lot of money that will turn into a fight to get back if there is a big cryptocurrency drop like earlier this year.

Of course, these banks will also lose the money to be made when people buy cryptocurrency and the market is booming, but they seem to have decided that the bad outweighs the good when it comes to taking this gamble with their credit cards. This also protects the consumer by limiting their ability to get into financial trouble by using credit to buy something that could leave them with cash and poor credit.

Most investors who used credit cards to make cryptocurrency purchases were probably looking for short-term gains, and had no intention of staying long-term. They expected to get in and out quickly, then pay off their credit cards before the high interest started. But with the constant volatility of the cryptocurrency market, many who bought, considering this plan, lost a huge amount. assets with market decline. Now they are paying interest on their lost money, which is never a good thing. This, of course, was bad news for banks, and led to the current and growing trend of banning crypto purchases with credit cards.

The lesson here is that you should never have the highest line of credit to invest in crypto, and only use a percentage of your hard assets to make crypto purchases. These funds should be funds that you can lock away for the long term without hurting your budget.

So don’t get caught out only to find that a downturn in the cryptocurrency you’ve been putting money into that you’ll soon need has taken money out of your pocket. There’s an old saying, “Don’t gamble with money you can’t afford to lose,” and that’s the lesson banks want people to learn as they venture into this new frontier of investing.