1️⃣ Term of the day: HODL 🪙
The word "HODL" emerged from a spelling mistake of the word "HOLD," but it became famous! It means: hold your coins no matter how the market fluctuates. Many people profited because they waited and were patient. Patience in crypto is sometimes more valuable than any analysis!
2️⃣ Tips for beginners 👇
Don't buy a coin just because everyone is talking about it!
Read about it, understand its project, and check its team and goal.
Hype doesn't last, but strong projects remain.
3️⃣ Warning ⚠️: Unknown coins
Beware of new coins distributed by suspicious sites or through unknown groups.
Many of them are "Pump & Dump" schemes that raise the price and then let it crash, costing you everything.
If the coin doesn't have clear information, don't enter it.
4️⃣ Motivation ✨: Start now, even with a step
You don't need to be an expert to start learning.
Read about cryptocurrencies for 10 minutes every day; after a month, you will understand a lot.
Every professional started from zero... The difference? They persisted, and you can too!
5️⃣ Education 📘: What is "Gas Fee"?
On a network like Ethereum, you have to pay small fees for your transaction, called "Gas."
It's like a road toll. The more pressure on the network, the higher the fees.
Make sure before you send or buy, so you don't get shocked.
6️⃣ Term: "FOMO" 😰
Fear Of Missing Out = the fear of missing the opportunity
When you see a coin suddenly rise and say: "I have to buy before I miss the train!"
Beware... many lost because they entered late. Understand the market and decide with your mind, not with emotions.
7️⃣ Golden advice 🟡
Make a plan for yourself: When to enter, and when to exit.
Don't buy randomly, and don't sell under pressure.
In cryptocurrencies, discipline is more important than luck.
8️⃣ Motivation 💪: Don't be afraid of small beginnings
You bought $10 of Bitcoin? Great!
The important thing is that you started. Every expert started small.
Knowledge is more important than quantity.
9️⃣ Education: "Time-Weighted Buying" ⏱️
Instead of buying a large amount all at once, buy a small portion every week or month.
The method is called DCA (Dollar Cost Averaging)
And it reduces your risks if the market suddenly drops.
🔟 Warning: Don't keep coins on the platform 🚫
The platform is like a bank, but if it gets hacked or stops, you might lose everything.
It's best to transfer your coins to your own wallet after buying.
"Not your keys, not your coins."