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5 Tips to Consider Before Investing in Bitcoin

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In 2017, Bitcoin experienced a lot of growth and people made a lot of money in the process. Even today, Bitcoin is one of the most lucrative markets. If you are just a beginner, you may want to do your homework before putting money in Bitcoin. Given below are 5 expert tips that can help you avoid some common mistakes while you trade Bitcoins.

1. Learn the Basics First

First of all, you may want to learn the basics so you can get a better idea of how to buy and sell Bitcoin. Besides, you may want to read reviews of popular Bitcoin exchanges to look for the best platform.

As with other types of financial investments, you may want to find ways to protect your investment. Make sure that your assets are safe against scammers and cyber-attacks. After all, security is the most important aspect of any type of investment.

2. Consider the Market Cap

It’s not a good idea to make this type of decision based on the price of the coin alone. However, the cryptocurrency value is valid only if you consider the existing supply in circulation.

If you want to purchase Bitcoin, don’t focus too much on the existing value of the currency. Instead, you may want to take into account the aggregate market cap.

3. Invest in Bitcion instead of Mining Bitcoins

The Bitcoin mining industry is rising in popularity at a fast pace. At first, it was not that difficult to earn Bitcoins by cracking the cryptographic puzzles. Later, it was possible to mine Bitcoin in special data centers only.

These centers are full of machines designed for mining Bitcoin. Today, if you want to build a home-based mining center, you may have to spend millions. So, it’s better to invest in Bitcoins.

4. Diversify your Investments

New Bitcoin investors tend to have a short-lived passion for cryptocurrency. As a matter of fact, With Bitcoin, you can diversify your investment risk. If you invest in cryptocurrency wisely, you can enjoy the same rewards that you do by investing in Forex. All you need to do is put together a solid risk management strategy.

In other words, you may not want to put all your eggs in the same basket. So, you may want to invest in other cryptocurrencies as well.

5. Set Clear Targets

Since Bitcoin is a new market, you may find it hard to know the right time to trade your Bitcoin. Bitcoin value is volatile, which means you should have clear targets as far as profit and loss is concerned.

You may not want to make the mistake of making the investment decisions based on your emotions. Making smart moves can help you minimize losses and make good progress.

In short, if you are going to invest in Bitcoin, we suggest that you follow the tips given in this article. This will help you make wise decisions and be on the safe side at the same time. Just make sure you avoid the common mistakes when running this business.

Bitcoin

Binance Adds New Crypto Trading Pairs for Its Users

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Binance Adds New Crypto Trading Pairs for Its Users

Binance, the world’s largest crypto exchange platform, is now adding new trading pairs. The users can now trade on these pairs ARPA/RUB, DF/USDT, FET/BUSD, LTC/UAH, SOL/USDC, STX/BUSD and SYS/USDT. Also, the trading pairs activate  at 2021-09-24 10:00 AM (UTC).

Binancians can trade the cryptocurrencies with listed pairs with low transaction fees in the Binance exchange. Besides these trading pairs helps the users to invest their assets on different cryptocurrencies. Additionally, Binance exchange is popular for its low trading costs which is much lower among other U.S exchanges. 

Binance Crypto Trading pairs

At present Binance exchange is trading more than 740 digital currency and fiat pairs including all top cryptocurrencies. The exchange is increasing its network by adding new coins and tokens to satisfy its users. Thus, Binancians are also happy to be a part of the exchange community to explore new trading pairs.

Unlike other U.S cryptocurrency exchanges, Binance ranks highest for its low spot trading fee of 0.1% including eToro and Coinbase. Along with trading, the users can fund their amount with fairly charges. However,  Binance offers its users a seamless trading experience through a variety of crypto assets and trading volume. 

Besides releasing new coins and tokens in the exchange, Binance also adds new trading pairs for its users. Binance currently open trading pairs for crypto assets and fiat currencies like ARPA/RUB, DF/USDT, FET/BUSD, LTC/UAH, SOL/USDC, STX/BUSD & SYS/USDT. In this  RUB and UAH are fiat currencies which do not depict any cryptocurrencies. 

Moreover, from the initial stage to present Binance have added more than 740 trading pairs and continue to increase the pairings enabling its users to trade their favourite coins. Besides, the low trading and transactions fees is the best competitive strategy used by Binance to sustain in the marketplace. 

For more information and updates, please visit:

Website:   https://www.binance.com/en 

Twitter: https://twitter.com/binance 

Telegram:  https://t.me/binanceexchange 

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Cardano Summit Begins Tomorrow, Here’s What You Should Know

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Picture of a Cardano logo with the galaxy behind it

The Cardano summit is scheduled to begin tomorrow, Saturday, September 25th. The summit is scheduled to run for two days, the 25th to the 26th, and promises to be a one-of-a-kind event. Meetups are available in six locations around the world. But the summit will feature both live and virtual events where anyone from around the world can attend. Local groups are also available with community-led events.

Events at the Cardano summit are split by the worlds they fall into. Currently, the summit features seven different worlds in which individuals can choose to participate in. These worlds include Cardano World, Utility, Impact, Governance, Adoption, Catalyst, and Community.

Related Reading | Cardano Founder Charles Hoskinson Says The Term Smart Contracts Needs To Be Changed

The Cardano community is still giddy with the recent launch of smart contracts capability on the network, and with good reason. This summit promises some bigger announcements following this incredible feat. Details of what might be expected from the team are still sparse. So right now, it really is a waiting game as the opening of the summit draws closer.

The partly virtual event features avatars for participants to communicate with one another. While also featuring notable keynote speakers from the crypto space that will speak throughout the two-day summit. In addition to these will be the availability of limited edition NFTs minted on the blockchain to be collected throughout the summit. Founder Charles Hoskinson will provide the live opening keynote across all seven worlds to mark the beginning of the summit.

Hydra 2, DeFi, And The Cardano Network

Cardano recently announced the launch of the Hydra Layer 2 solution that will enable developers to build and deploy their decentralized apps (DApps) in a safe and secure environment. With the launch of Hydra, Hoskinson tweeted that more information will be available about the solution at the summit.

More information about decentralized finance (DeFi) protocols launching on the network, with updates expected from decentralized protocols like Minswap and SundaeSwap, which are both built on the blockchain.

Related Reading | Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green

Founder Charles Hoskinson celebrates how far the blockchain has come up until this point. “The Cardano summit 2021 follows the launch of smart contract capabilities on Cardano, and a remarkable six years of intensive development and perf-reviewed academic research to create a third-generation blockchain platform which is not only eco-friendly but provably secure,” the founder said.

ADA price trending above $2.1 | Source: ADAUSD on TradingView.com

Future exploits by the developer are expected to be announced at the summit. Alongside how the project plans to bridge the gap when it comes to decentralized finance. The summit is open to participants from all around the world and sign-up is free at https://summit.cardano.org/.

Featured image from Beinchain, chart from TradingView.com

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Time Magazine Joins the NFT League in OpenSea!

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Time Magazine Joins the NFT League in OpenSea!