Post
Topic
Board Bitcoin Discussion
Re: Some important tips about the bitcoin market
by
gregy45
on 03/03/2021, 11:30:34 UTC
1. First of all, you need to decide on the cryptocurrency on which you want to earn money. There is no common rule here, almost any token has the ability to go up sharply, and then just as quickly collapse. A novice crypto investor can only predict these movements with a lot of luck. But you can do something to protect your investments.
At first, it is better to choose a currency that has been around for a long time and is in demand among traders-like Bitcoin or Ethereum. They usually do not grow in price as quickly as altcoins — little-known cryptocurrencies, but it is easier to find a buyer for them if you urgently need to sell tokens.

2. When choosing a cryptocurrency and an exchange, do not get carried away with absolutely fantastically generous offers. Crypt is, of course, a special world, but there is no free cheese here either. If they promise super profits - look for what the catch is.
Typical signs of dubious crypto projects:
- The people identified in the project team have not previously met in the news of the crypto world. In some cases, the project team can even find the faces of famous actors with completely different names — this, however, is quite an outstanding precedent.
- The creators of the cryptocurrency promise a guaranteed profit. Most likely, it is a pyramid.
- The repository with the project code on GitHub is almost not updated. This means that either the project itself does not exist at all, or no one is engaged in it.

3. Crypto wallets are used for storing tokens. And more — save all your passwords and codes that you see when you create and use a wallet. For your own safety, the developers of many wallets show them only once. You can even write them down on paper if you are sure that you will not lose them.

4. It is very important that all your operations with the crypt go through a secure communication channel. If you access the exchange's website via public Wi-Fi, criminals can intercept information about transactions or spoof the Internet page to steal your assets.