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2 953
$130 million liquidated from the crypto market after Iran launched an attack on Israel.
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2 953
π° JUST IN: Bitcoin Loses 30% of the ground To gold after the recent crash.
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2 953
Trading and investing: Whatβs the difference?
Crypto newcomers often get these two terms mixed up. So, letβs learn the difference.
The two are quite distinguishable: Trading is short-term investments, and investing is the same but for the long term.
Traders open and close a lot of deals in a single day. For instance, they buy a cryptocurrency only to sell it a few hours later to lock in a profit.
Trading is highly time-consumingβand can fray a lot of nervesπ
Investing, meanwhile, focuses on the long game. Investors usually analyze a projectβs fundamentals while considering its potential in the market. Thus, investors buy a digital asset specifically to hold it for a long time, from a few months to a few years or longer.
In short, investing is a better strategy for crypto beginners than trading.
However, neither of these strategies insulates you from losses. Always remember to invest at your own risk!
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2 953
The Bitcoin halving is slated for April 20th.
Many people believe that Bitcoin is βguaranteedβ to see sharp growth immediately after the halving, as the Bitcoin block subsidy reward will be cut in half.
Historically, this has never been the case, with some speculating that the halving is already priced in.
Recall the words of Changpeng βCZβ Zhao, former CEO of Binance:
βThe day after the halving, the bitcoin price wonβt double overnight. But the year after the halving, the bitcoin price hits multiple ATH (all time highs). This is my experience based on the past 3 halvings.β
So, friends, donβt be upset if BTCβs price doesnβt pump after the halvingβitβs normal and quite predictable. Just be ready!
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2 953
Crypto Speak: Premine
βPreminingβ is when the creators of a certain cryptocurrency project βpremineβ their own tokens or give this opportunity to selected individuals before mining becomes available to everyone.
Premining is uncommon these days because projects are less and less likely to use mining to release their coins, but you should also be aware of this scheme.
Premining can look very unfair because early miners have a serious advantage over later users and are able to manipulate the price.
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2 953
Whatβs DeFi?
βDeFiβ is an abbreviation for βdecentralized finance.β In short, itβs financial instruments and services in the form of apps based on blockchains.
What makes DeFi so attractive is that itβs an alternative to the legacy banking system. DeFi offers apps, services, investment instruments, and even money (crypto) that can either replace or complement traditional finance.
So, when we talk about DeFi, weβre referring to the world of finance on the blockchain.
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