Bitcoin

Notcoin

<h3 id="table-of-contents">Table of contents</h3><ol><li>Have an emergency fund</li><li>Make sure the cryptocurrency you are investing in has at least one or multiple use cases</li><li>Make sure the project behind the crypto has a good team.</li><li>Make sure the community behind the project is active</li></ol>There are thousands of cryptocurrencies, but not all deserve your attention and money because most of them are scams or poor quality projects. Before you invest in any crypto, read this comprehensive guide. Follow these guidelines to make informed decisions. <h2 id="header-0"> 1. Have an emergency fund</h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f3eb386ab01f40d699fe84edb62c2a0c.jpg" /> Don&#39;t invest your last money in cryptos or borrow money to do it.Learn to detach from your investments. It is not good to invest the money you need to satisfy your basic needs in crypto. After investing, you must have a good amount of money to cover your day-to-day expenses.Do not borrow money in order to invest in cryptocurrencies. Cryptos are risky. <h2 id="header-1">2. Make sure the cryptocurrency you are investing in has at least one or multiple use cases </h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e74c821f6a034be081053f168fa69adc.jpg" /> Cryptocurrencies with tangible use cases are more likely to be adopted by users, businesses, and developers. As adoption increases, so does demand. The value of a cryptocurrency increases when the demand for that cryptocurrency is higher. More demand means more investors are accumulating it, which increases its value (price) and market cap. <h3 id="br-examples-of-use-cases-for-bitcoin"> Examples of use cases for Bitcoin: </h3> a) Bitcoin is primarily used as a digital currency for peer-to-peer transactions without the need for a central authority like a bank. b) BTC is often referred to as &#34;digital gold&#34; and is used as a store of value. Many investors hold BTC as a hedge against inflation and economic instability. c) BTC is used for international money transfers due to its lower fees and faster transaction times compared to traditional banking methods. d) BTC is accepted by many merchants and service providers worldwide as a form of payment, both online and offline. <h3 id="br-example-of-use-cases-for-notcoin-br"> Example of Use cases for Notcoin: </h3>a) Notcoin can be used top up battery in Tonkeeper. b) Notcoin can be used as a payment method in the game Catizen. <h3 id="examples-of-use-cases-for-bnb-br-br">Examples of use cases for BNB: </h3>a) BNB is used to pay for transaction fees on the Binance Exchange, offering users a discount when using BNB to cover trading fees.b) BNB is used for transaction fees and gas fees on the Binance Smart Chain, a blockchain platform for running smart contracts and decentralized applications.c) BNB holders can access exclusive token sales featuring early-stage blockchain projects on Binance Launchpad.d) Holding and staking BNB also allows you to participate in the governance of the BNB Chain. A cryptocurrency that does not have a least one use case is a a huge red flag—You should avoid it. <h2 id="header-2">3. Make sure the project behind the crypto has a good team.</h2><h2 id="header-3"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/05453fbcdfde44818f5728d26d1daafe.jpg" />a) The team members of the project you want to invest in must have solid experience and expertise in blockchain technology, cryptography, finance, marketing, and other relevant fields. Without this experience, they cannot make the project solid and successful.b) The team members of the project must have a solid reputation. A well-known and respected team can attract more investment and partnerships, contributing to the project&#39;s success. <h3 id="br-br-4-make-sure-the-community-behind-the-project-is-active-br"> 4. Make sure the community behind the project is active. </h3>The cryptocurrency you want to invest in must have a good and active community. Check their Twitter account and see:a) The number of followers they have.b) How many likes, retweets, quotes, and comments their posts are getting?c) Make sure the accounts that are commenting, retweeting, and quoting are not bots or fake accounts.Go to their Telegram and Discord communities and check:a) The number of messages being sent in 1 hour.b) How quickly and clearly the moderators of their communities respond to user messages. To be continued—Part 2 coming soon. My telegram Channel: https://t.me/laucryptochannel My Twitter account: https://x.com/laucto

Before you invest in any crypto, read this

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Alte articole publicate pe 27 iun. 2024

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