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4 Tips To Help You Enjoy A Successful Crypto Trading Career

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Today, if you want to make a lot of money with Bitcoin, your best bet is to go for trading instead of investing. All you need to do is buy and sell your coins and earn a small amount of profit after each sale. If you are just getting started, you will have to start from scratch just like everyone else. If you play the game well, you can make tons of money in a short period of time. In this article, we have some tips that can help you enjoy a successful cryptocurrency trading career. Read on to find out more.

You need to consider a lot of important things if you are interested in making tons of money trading Bitcoin. It all boils down to your experience and intelligence. Without further ado, let’s take a look at some tips that can help you make plenty of money and avoid some common mistakes.

1. Know the Risk First

This is one of the most common mistakes that most traders make. If you don’t know about the risk involved in this trade, you should not go on this adventure. If you are unaware of the challenges, you may end up losing a lot of money.

Before you invest your hard-earned money, you may want to evaluate the risk. So, this is one of the most important things to consider.

2. Diversify your Investment

When it comes to Bitcoin trading, we suggest that you diversify your investment. This applies to all types of investments. In other words, if you want to invest in Bitcoin only, you are going to make a mistake. You also need to invest your money wisely in other cryptocurrencies.

This is important if you want to be on the safe side and reduce your losses and turn them into profit.

3. Be Patient

Money does not grow on trees. All of the traders enter the world of cryptocurrency to make money. However, you cannot make money right away once you have purchased your desired cryptocurrency. And then there is no guarantee that you will continue to make a profit throughout your journey in your career. Therefore, you may want to get ready to deal with this type of situation.

4. Don’t be Greedy

Lastly, it is important that you stay away from greed as this is your biggest enemy when it comes to trading cryptocurrency. Since Bitcoin prices continue to fluctuate, you have to have patience. It is not a good idea to fear the fluctuations and sell your coins right away. So, if you don’t have patience, you cannot achieve success in your career as a trader.

Summary

Long story short, these are some of the most helpful tips that you can try if you want to achieve success as a cryptocurrency trading. If you play the game well, you can make a good deal of money in a couple of years if not months.

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Bitcoin

Elevate Brands Offering Bitcoin Payouts on Coinbase Prime

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Bitcoin Payouts

Elevate Brands announced today its “Cash or Coin” acquisition program and integration with Coinbase Prime.

As per industry observations, Elevate Brands is always looking for ways to make its acquisition and operating processes more efficient. They announced today that they would be integrating with Coinbase Prime to receive payment in bitcoin or other cryptocurrencies. It should help them conserve money by not having upfront costs when acquiring products from the Amazon marketplace.

This innovative new strategy enables Elevate to capitalize on opportunities in the crypto space and offers investors unprecedented access.

Ryan Gnesin, CEO of Elevate Brand, said;

“We’re excited to be at the forefront of Amazon’s new digital age, and we believe that cash or coin will make it easier than ever for consumers who want access into cryptocurrencies”

He further added;

“Integrating with Coinbase Prime gives us an edge in bringing our brands closer towards achieving this goal.”

Bitcoin price has managed to hold $37K price support well. Source: Tradingview.com

Nick Eary sold his company last year to Elevate. He will receive his bitcoin payouts next month. Sellers who get paid directly through the Coinbase Prime account benefit from lower fees or high volume limits and can access features not available on other platforms.

Nick said with excitement in an interview about Elevate’s first crypto payee:

“When I sold my business, I had planned to allocate some of the funds to bitcoin. The fact that I could be paid in crypto instantly through Elevate made investing a much simpler process.”

Elevate Offer Bitcoin Payouts For Referral Program 

In a move that could be the start of many more crypto-based incentive programs, Elevate has recently introduced its new referral program. Anyone who refers a business to Amazon that they successfully acquire is eligible for up to $500K in cash or equivalent blockchain-based cryptocurrency (i.e., Bitcoin). Empowery ECommerce Cooperative received the first referral payout in Bitcoin.

Empowery founder Steve Simonson stated that Elevate’s Cash or Coin Program came at just in time. In his words, “Luckily we found the perfect way to learn more about cryptocurrency. We know it will be an exciting year, with many changes already happening. So we decided on Coinbase Prime as our crypto holder.”

Elevate’s team is making waves in the Amazon market. The company, which has rapidly grown its portfolio of private-label goods through deals and acquisitions over last year alone, has raised $370 million from leading global institutional investors and acquired 32 brands at a pace of 3-4 per month. The firm has grown by more than 500% since it opened its second headquarters in Austin, Texas.

Elevate Brands is a company that specializes in launching products on Amazon. They are currently ranked among the top 100 sellers of all time, and own 32 private label brands, including Sqribble bedding accessories for millennials.

                   Featured image from Pixabay, chart from TradingView.com
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Shiba Inu Holders Reached New ATH, Briefly Regains Top Spot Flipping FTT Token

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Shiba Inu Announces First Phase of Doggy DAO
  • Traders are buying declines in SHIB, as seen by the new ATH in wallet holdings.
  • Crypto whales seized the opportunity to buy 3.6 trillion Shiba Inu tokens.

There has been a steady rise in the number of unique addresses holding Shiba Inu (SHIB), a popular meme cryptocurrency. An analytics website, WhaleStats provided statistics revealing a record-breaking 1,160,123 Shiba Inu owners, beating the previous record of 1,145,212 established two weeks prior.

There has also been a spike in the quantity of Shiba Inu (SHIB) owned by the top 1,000 Ethereum wallets, according to WhaleStats. The top 1,000 Ethereum wallets now hold a combined 55,732,495,492,864 SHIB (55 Trillion), currently worth $1,202,858,432 USD.

Read More: Shiba Inu Price Prediction

Regained Top Spot But Could Not Hold

Traders are buying declines in SHIB, as seen by the new all-time high in wallet holdings. The growth of holders is a positive indicator, as it indicates that investors have faith in the coins and are willing to buy them when the price drops. This morning, WhaleStats revealed that SHIB had flipped FTX token (FTT), making it the largest token holding in terms of dollar value, $1.67 billion. The top 1,000 Ethereum wallets holding SHIB values fell, however, to $1.23 billion later, allowing FTT to retake the title of largest token in terms of monetary value.

The SHIB community has grown significantly since the recent market meltdown, according to current occurrences. Early traders have reaped huge rewards thanks to Shiba Inu after its debut in 2020. Some others took advantage of the recent drop in price to buy the token they missed out on while it was reasonably inexpensive. Crypto whales seized the opportunity to buy 3.6 trillion Shiba Inu tokens, which were valued at $73.4 million at the time, only two days ago.

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Chainlink Onboard 2 Strategic Consultants Along With Integration by Celsius

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Chainlink (LINK) Price All Set For Yet Another Bullish Rally