Learning Crypto

Donald Trump is emphasizing Bitcoin. According to polymarket, Trump's chances of winning the 2024 election hit an all-time high the day after he began accepting donations in the cryptocurrency 🆔Learning Crypto

Crypto Speak: Bull run It’s pretty much the same as a bull market; it’s a period when a particular asset (usually, the entire market) is consistently on the rise. A “bull run” is comparable to a gold rush. Everyone wants in on the action; new projects appear; trading activity increases; and it’s usually followed by a painful bear market. 🆔Learning Crypto

Bitcoin is increasingly seen as a store of value rather than a trading asset. Do you keep your savings in Bitcoin? 👍 - Yes, I’m keeping it for the long term ❤️‍🔥 - For now I’m just trading it, I don’t store anything in the cue ball 🗿 - Do you need to put something aside into savings? 🆔Learning Crypto

Crypto Speak: Zombie coins It is not hard to guess that we are talking about “dead” coins, where there is no longer any development, active community, or hopes for a bright future 🙂 The UST stablecoin from the collapsed Terra blockchain, by the way, is one of the “scariest” examples of zombie coins. When it died, it buried a huge amount of its investors’ money with it. But you have never heard of most zombie coins and never will: They are usually born and die in silence, known only to a very small circle of people 😀 🆔Learning Crypto

Crypto Speak: Micro cap “Micro cap” is a term used for tokens and projects with minuscule capitalizations. These are usually new or little-known projects. Advantages of micro caps: These are the kinds of projects that make 100x. If their idea or technology shoots up, a wave of investors will flock to the token and flood it with money, where early investors can make literally millions. Risks of microcaps: Most of them don’t get a blow-off top, and there’s also a good chance you’ll just plain get rekt 🙂 🆔Learning Crypto

📈Solana will reach $200 by the end of May, the co-founder of hedge fund Syncracy Capital said. Solana has shown "strength" in the current digital asset market recovery and will reach $200 by the end of May, he said. That would be a complete reversal on a monthly timeframe and signal that it's ready to hike ATH. Over the past week, SOL has soared more than 20% to the $179 mark, surpassing a market capitalization of $80 billion. The token last traded above the $200 level on the first of April 2024. 🆔Learning Crypto

Crypto Speak: Honeypot A “honeypot” in crypto is a trap for unscrupulous investors. Usually, it is a smart contract or a project in which you can invest money but cannot withdraw it. For example, people who love investing in shitcoins can easily fall into a honeypot. You can buy a shitcoin on a DEX when its price starts pumping; however, if it grows by 100x, you’ll notice that you can’t sell it, with the DEX indicating a “smart contract error.” 🆔Learning Crypto

Apple and Google announced that iPhone and Android users will start seeing alerts when it’s possible that an unknown Bluetooth device is being used to track them. The two companies have developed an industry standard called “Detecting Unwanted Location Trackers.” Starting Monday, Apple is introducing the capability in iOS 17.5 and Google is launching it on Android 6.0+ devices. 🆔Learning Crypto

Crypto speak: JOMO This is the direct opposite of FOMO, fear of missing out. JOMO stands for “joy of missing out,” which is when you rejoice in the possibility of missing out. It sounds paradoxical, but zen crypto enthusiasts know this feeling: When everyone gives in to suspect FUD and FOMO, which eventually leads to poor decisions, a person with JOMO looks on with a smile from the sidelines and stays on course with a sense of control. And, of course, afterwards, they get even more pleasure when they see that the crowd was wrong and lost money (classic schadenfreude). After all, most decisions made under the influence of FOMO and FUD turn out to be harmful and ineffective. 🆔Learning Crypto