DYOR

Richard

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a recent X post, Binance CEO&nbsp;<a href="https://x.com/_RichardTeng/status/1805966693770187085" rel="noopener noreferrer nofollow">Richard Teng</a> shared his insights into how to begin a cryptocurrency journey. Addressing common questions from newcomers to the crypto space, Teng outlined three essential tips for those looking to get started.
First, Teng emphasized the importance of understanding the fundamentals of&nbsp;<a href="https://u.today/cardano-meme-coin-crashes-96-in-hour-after-ada-creator-says-this" rel="noopener noreferrer nofollow">blockchain</a> and crypto. He advised potential investors to invest time in learning about these technologies to build a solid foundation.&nbsp;
Second, Teng highlighted the necessity of conducting thorough research. He encouraged individuals to explore various blockchain networks, protocols and projects. The principle of "Do Your Own Research" is central to this process, he says.
<blockquote>
 From time to time, people ask me: “How can I start my crypto journey?”Here are my 3 tips: 1. Understand: Take the time to learn about blockchain, crypto, and other fundamentals.2. Research: Explore different chains, protocols, and projects. Key here is to DYOR (Do Your Own…— Richard Teng (@_RichardTeng) <a href="https://twitter.com/_RichardTeng/status/1805966693770187085?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 26, 2024</a>
</blockquote>
Lastly,&nbsp;<a href="https://u.today/btc-bnb-ath-to-moon-binance-ceo-delivers-unexpected-insight" rel="noopener noreferrer nofollow">Teng</a> recommended starting with a small investment on a reputable platform. He suggested that beginners should gradually immerse themselves in the crypto market, experimenting and reassessing their strategies as they gain experience.&nbsp;
As the CEO of one of the world's leading crypto exchanges, Teng's advice carries significant weight. However, the&nbsp;<a href="https://u.today/binance-bans-297-accounts-heres-why" rel="noopener noreferrer nofollow">Binance</a> boss explicitly stated that his advice is not financial guidance but rather tips he has gathered over the years.
<h2 dir="ltr" id="is-binance-ceo-bull-or-bear">Is Binance CEO bull or bear?</h2>
In addition to advice for newcomers, it would certainly be interesting to know what the current head of the world's largest crypto exchange thinks about the current state of the market. There is an answer to this question.
As recently as yesterday, Teng admitted that he assesses his mood as maximally bullish. He partially justified his opinion by the way the number of global physical vendors accepting&nbsp;<a href="https://u.today/legendary-trader-john-bollinger-breaks-silence-on-bitcoin-price-0" rel="noopener noreferrer nofollow">Bitcoin</a> payments has grown over the past year.

Binance CEO Delivers 3 Key Crypto Tips

Съдържание

U_Today

Други статии, публикувани на 26.06.2024 г.

Bitcoin DeFi Boom: Developers Reveal Insights Amid Market Challenges

US Government Moves 4,000 BTC to Coinbase

Attack Shock in Cardano: Attacker Targeted ADA! Here are the Details of the Event…

Binance Gets VASP License in Dubai, Setting Stage for Big Changes

'Rich Dad Poor Dad' Author: Hang On Tight As Bitcoin Enters ‘Banana Zone’

‘Most Altcoins Are Completely Worthless And Dead’: Expert Reveals Why Altcoins Will Underperform ...

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!