Crypto News | Lessons

Crypto Glossary💻 ✔️ ATH (All Time High) - The highest price ever reached by a cryptocurrency. ✔️ Altcoin - Any cryptocurrency other that Bitcoin. ✔️ Bull Market - A prolonged period of rising prices in the crypto market. ✔️ Fiat Currency - Government- issued currency such as US dollars, euros, yen. ✔️ Whale - An individual or entity that holds a large amount of cryptocurrency, capable of influencing market prices with their trades. To be continued... 🤑 Crypto News | Lessons✅

Crypto Scams on the Decline! Despite the recent $33 million ZKasino fraud, April saw a significant drop in crypto losses due to scams and hacks, with only $25.7 million lost. This marks the lowest monthly figure since 2021, according to CertiK.The decline is largely attributed to fewer private key compromises, with only three attacks in April compared to 11 in March. While crypto scams remain a concern, this downward trend signals a more secure future in the crypto space. 🤑 Crypto News | Lessons✅

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What determines the price of crypto currency? The price of cryptocurrencies, just like many other assets, is determined by the interplay of supply and demand. ⭐️ Supply: Some cryptocurrencies, like Bitcoin, have a capped supply, meaning there's a limit to how many will ever be created. This scarcity can drive up the price if demand stays the same or increases. ⭐️Demand: This refers to how much interest there is in buying a particular cryptocurrency. Several factors can influence demand, including the perceived usefulness of the cryptocurrency (its utility), whether it's being adopted by more people and businesses (mass adoption), and overall market sentiment. ⭐️ Competition: The emergence of new cryptocurrencies can affect the demand for existing ones. ⭐️ Regulation: Government regulations on cryptocurrencies can impact investor sentiment and participation, thus affecting prices. ⭐️ News and Media Coverage: Positive media attention can increase interest and drive up prices, while negative press can have the opposite effect. Remember, the cryptocurrency market is still relatively young and can be quite volatile. The factors mentioned above can cause crypto prices to fluctuate significantly. 🤑 Crypto News | Lessons✅

CRYPTO CURRENCY COINS 🤑 Crypto News | Lessons✅

Crypto Fun Facts 💡 Lost Bitcoins: It's estimated that around 20% of all bitcoins in existence are lost forever, either because people have lost access to their wallets or because they've been intentionally destroyed. Mining Energy Consumption: Bitcoin mining consumes a significant amount of energy, with estimates suggesting it consumes more electricity than some small countries. This has led to debates about its environmental impact. Crypto Billionaires: The rapid rise of cryptocurrencies has created a new breed of billionaires, with some early investors and founders of crypto projects amassing vast fortunes seemingly overnight. 🤑 Crypto News | Lessons✅

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Trading and investing: What’s the difference? Crypto newcomers often get these two terms mixed up. So, let’s 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-consuming—and can fray a lot of nerves😅 Investing, meanwhile, focuses on the long game. Investors usually analyze a project’s 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! 🤑 Crypto News | Lessons✅