/r/BitcoinGuide
/r/BitcoinGuide
News in past 24hrs -
It would be difficult to find someone who was more unprepared to invest in digital currency than I was when I first began trading. I began trading in the cryptocurrency markets at the age of 17 with no prior expertise. following the discovery of a tiktok movie pushing Cardano (ADA) as the most profitable investment option! As a relatively broke teenager with huge dreams, I placed practically all of my available funds into ADA, believing that my investment could only grow. As it turned out, when I woke up the next morning to check my portfolio balance, it was down about 5%, and I sold. Here are the absolute best examples you should consider before entering the crypto markets to avoid making costly mistakes.
Scams are everywhere in this industry; whether it's the projects themselves, questionable contract addresses, imposters, or a variety of other methods that con artists use to steal your money. As someone who has been conned out of thousands of dollars during my time in the cryptocurrency industry, it's critical to exercise caution. Never accept invites from people you don't know, and if anything sounds too good to be true, it probably is.
Make sure you know what you’re investing in: Would you agree to pay someone you don't know for a business opportunity? So why would you invest in something you don't understand just because someone informed you about it online? It's all too easy to be caught up in headlines or social media buzz, like I did, so it's critical to understand the project and save money in the process. You'll need to understand the project's tokenomics, use case, and roadmap, as well as where to acquire safely. Fundamental investigation and comprehension become second nature to experienced financiers who know what to look for before delving into further in-depth research. Before investing, new investors should learn as much as they can about the project and question about the team members' qualifications.
Make your portfolio diverse: Avoid investing in a single project since risk reduction is critical in these markets for long-term success. I have a broad portfolio of crypto blue chips (Bitcoin and Ethereum), medium-cap tokens, and tokens purchased in an ICO with much more risk. A well-balanced portfolio also necessitates determining your individual risk/reward (R/R). To understand your space-specific objectives, you must develop your own trading strategy and R/R ratio; what works for me may not work for you.
Avoid becoming complacent: Early success in cryptocurrencies might be a prescription for catastrophe for investors in several aspects. If you don't master appropriate trading tactics, such as profit taking and loss reduction, it's easy to imagine you're walking on water. Unless you send money to the wrong place or invest too much or too little. One of the most important talents to develop is the capacity to remain calm in the face of both good and bad days for investors. We can develop as investors and increase our chances of success by learning from both good and poor days.
You still look young! It is quite easy to get hooked into the crypto realm and put yourself under stress. Remember to have fun in life!
These are just a few of the critical lessons that new investors must master.
Yesterday I got a bunch of PMs from members on r/bitcoin after posting a comment on r/cryptocurrency about some hard cash gains from shorting bitcoin and ethereum.
Curious people are asking how so I thought it would be useful to put together a concise guide for those (like me) who have no "loyalty" to a particular currency or a project or an asset...but just want to make a quick buck once in a while.
Now I want say with full disclosure that I am a no coiner. But I do actively use the crypto market volatility to make reasonable profits during downward trends and, yes, even around barting.
Note that these profits are often small - there will definitely be no going to the moon with the extra $100-200 once a fortnight or so. So if this is not good enough for you then bail out now.
Those who are still interested can send me a PM again to receive a link to a Google drive folder containing some reading material that I have prepared as well as an invitation to a private GitHub repo with the source code for my short trading bot.
Downvote away!
So I tested Crypto.com and wanted to make my own opinion about it:
Crypto.com offers Visa debit cards that give 2% cashback and a range of other perks like free Spotify. This is a very big company. Recently they started a huge ad campaign starring Matt Damon and they bought the naming rights to the Staples Center in L.A. for 20 years.
The Ruby Steel card tier offers a $25 instant bonus, free Spotify and 2% cashback on all purchases, and a premium metal card. To get the card you need to stake €350 worth of CRO coins and hold it for 6 months. After this time you're free to sell them again (or keep if you want to retain the card benefits).
Important note: you don't need to put crypto on the card, you can just load it with Euro or USD and spend it!
All cashbacks and bonuses are paid in the CRO cryptocurrency. You can immediately sell the CRO in the app for pounds/euros, which you can use again for purchases with the card if you want.
--
Personal experience:
I've been using the card for two months now. Lost a small amount as CRO dipped a bit and my staked amount is worth less than before. Yet I got on all purchases a 2% cashback which is currently worth $21 (over all purchases were $1050). I use the card on a regular base but I don't have many running costs. In these two months my Spotify got paid back in CRO ($12.99 each month) and I started staking my CRO on their DeFi Wallet with a 12.58% annual reward.
Also the metal debit card looks awesome :)
--
If you want to start too with Crypto.com you can follow these steps:
Cake Defi is a decentralized finance platform based in Singapore, utilising the Defichain blockchain which is secured by anchoring with the btc blockchain. Cake Defi offer a very generous $50 sign-up bonus, paid instantly as DFI (Defichain), for anybody who deposits $50. This does not require any additional transactions or trades, just a deposit which you will be able to instantly withdraw if you need to.
Cake Defi is currently best accessed via the website, although mobile applications are being developed and are currently undergoing beta testing.
Referral-Link to get the $50 Bonus
I have been really impressed with Cake and Defichain as a whole. I invested a bit more than the $50 and due to Liquidity Mining it already gave a nice bonus which I really apprechiate. I am now using the Freezer on Cake Defi to stake more DFI over a much longer timeframe than the initial 6 months as the APY is fantastic, the longer timeframes gives discounts on fees and I can see the value of the coin appreciating over the next few years.
Cake do have other opportunities to earn interest on your crypto using their liquidity pools or via lending. BTC, ETH, BCH, DOGE, LTC and USDT all have good APRs, just keep an eye on the withdrawal fees for BTC, ETH and USDT to ensure you stake enough or for long enough to make it worth your while.
For anybody struggling with buying DASH, it can be purchased at Bitpanda as previously mentioned, but also Binance, Coinbase, Kraken, Poloniex and Kucoin. Deposit/withdrawal fees and methods across these exchanges vary.
So I tested Crypto.com and wanted to make my own opinion about it:
Crypto.com offers Visa debit cards that give 2% cashback and a range of other perks like free Spotify. This is a very big company. Recently they started a huge ad campaign starring Matt Damon and they bought the naming rights to the Staples Center in L.A. for 20 years.
The Ruby Steel card tier offers a $25 instant bonus, free Spotify and 2% cashback on all purchases, and a premium metal card. To get the card you need to stake €350 worth of CRO coins and hold it for 6 months. After this time you're free to sell them again (or keep if you want to retain the card benefits).
Important note: you don't need to put crypto on the card, you can just load it with Euro or USD and spend it!
All cashbacks and bonuses are paid in the CRO cryptocurrency. You can immediately sell the CRO in the app for pounds/euros, which you can use again for purchases with the card if you want.
--
Personal experience:
I've been using the card for two months now. Lost a small amount as CRO dipped a bit and my staked amount is worth less than before. Yet I got on all purchases a 2% cashback which is currently worth $21 (over all purchases were $1050). I use the card on a regular base but I don't have many running costs. In these two months my Spotify got paid back in CRO ($12.99 each month) and I started staking my CRO on their DeFi Wallet with a 12.58% annual reward.
Also the metal debit card looks awesome :)
--
If you want to start too with Crypto.com you can follow these steps:
Cake Defi is a decentralized finance platform based in Singapore, utilising the Defichain blockchain which is secured by anchoring with the btc blockchain. Cake Defi offer a very generous $50 sign-up bonus, paid instantly as DFI (Defichain), for anybody who deposits $50. This does not require any additional transactions or trades, just a deposit which you will be able to instantly withdraw if you need to.
Cake Defi is currently best accessed via the website, although mobile applications are being developed and are currently undergoing beta testing.
Referral-Link to get the $50 Bonus
I have been really impressed with Cake and Defichain as a whole. I invested a bit more than the $50 and due to Liquidity Mining it already gave a nice bonus which I really apprechiate. I am now using the Freezer on Cake Defi to stake more DFI over a much longer timeframe than the initial 6 months as the APY is fantastic, the longer timeframes gives discounts on fees and I can see the value of the coin appreciating over the next few years.
Cake do have other opportunities to earn interest on your crypto using their liquidity pools or via lending. BTC, ETH, BCH, DOGE, LTC and USDT all have good APRs, just keep an eye on the withdrawal fees for BTC, ETH and USDT to ensure you stake enough or for long enough to make it worth your while.
For anybody struggling with buying DASH, it can be purchased at Bitpanda as previously mentioned, but also Binance, Coinbase, Kraken, Poloniex and Kucoin. Deposit/withdrawal fees and methods across these exchanges vary.
Accumulate all of this Free Bitcoin now before the next record high! See below for unique promotional recommendations from featured services:
⚡️Join Strike (a far superior alternative to the Cash App) and instantly earn $5 when you sign up & verify your account using referral code OJ3WUJ or use the following referral link (there is absolutely no purchase or deposit necessary):
https://invite.strike.me/OJ3WUJ
Here is an Awesome Strike Demo Vid if interested:
https://www.youtube.com/watch?v=fckmC8W6yF8
FYI: Strike allows for free global money transfers & is the power behind Global Twitter Tips. Buy Bitcoin on the app with your Free $5.00, or simply withdraw it and put it in your pocket.
🦢 Swan is a Bitcoin-only Exchange committed to supplying the lowest fees when it comes to purchasing Bitcoin (“up to 80% lower than Coinbase”). Swan is highly recommend by Max Keiser and the Orange Pill Podcast. Also check out the Free 5 star ebook/audiobook attached courtesy of Swan (a $14.95 value via Audible):
$10.00 Offer - New Customer Signup Link
Free “Inventing Bitcoin” E-Book/Audiobook Link
🍭 Lolli is a Bitcoin rewards site & browser extension that lets users earn Bitcoin when they shop from partner merchants. Instead of keeping the affiliate commission, Lolli shares that money with you, sending free Bitcoin to your wallet! You also get to open the Lolli Daily Stack Treasure Chest for more FREE Stats!
Use Code: U5PYB8 to get surprise sign-up bonuses (for new customers only) or simply click-thru the following link:
https://lolli.com/share/U5PYB8
There is no purchase or deposit necessary.
JUST ADDED/LIMITED TIME
🐮 Open and fund a WeBull account “with any amount” and get 2 Free Stocks valued between $3-$3000! These stocks can obviously be held or sold for cash so you can buy BITCOIN on the included WeBull Crypto Marketplace.
https://a.webull.com/8XV7Lcu5wVqkND75FG
New WeBull $5.00 FREE Crypto of your choice deal:
https://a.webull.com/Apy7Lcu5wVqkND71ZR
Choose between Bitcoin, Ethereum, Cardano, Doge, or Shiba Inu
( Please note that all of the referral offers listed above are subject to change at any time :)
*** LIMITED TIME DEAL ****
⚡️Join Strike and instantly earn $11.00 when you sign up & verify your account using referral code OJ3WUJ or use the following referral link (no purchase or deposit necessary):
https://invite.strike.me/OJ3WUJ
Here is an Awesome Strike Demo Vid if interested:
https://www.youtube.com/watch?v=fckmC8W6yF8
FYI: Strike allows for free global money transfers & is the power behind Global Twitter Tips. Buy Bitcoin (with no added fees) on the app with your Free $11.00, or simply withdraw it and put it in your pocket. It’s probably the easiest $11.00 you can make on Reddit.
Accumulate all of this Free Bitcoin now before the next record high! See below for unique promotional recommendations from featured services:
⚡️Join Strike (a far superior alternative to the Cash App) and instantly earn $5 when you sign up & verify your account using referral code J4M98V or use the following referral link (there is absolutely no purchase or deposit necessary):
https://invite.strike.me/J4M98V
Here is an Awesome Strike Demo Vid if interested:
https://www.youtube.com/watch?v=fckmC8W6yF8
FYI: Strike allows for free global money transfers & is the power behind Global Twitter Tips. Buy Bitcoin on the app with your Free $5.00, or simply withdraw it and put it in your pocket.
🦢 Swan is a Bitcoin-only Exchange committed to supplying the lowest fees when it comes to purchasing Bitcoin (“up to 80% lower than Coinbase”). Swan is highly recommend by Max Keiser and the Orange Pill Podcast. Also check out the Free 5 star ebook/audiobook attached courtesy of Swan (a $14.95 value via Audible):
$10.00 Offer - New Customer Signup Link
Free “Inventing Bitcoin” E-Book/Audiobook Link
🍭 Just in time for the Holidays, Lolli is a Bitcoin rewards site & browser extension that lets users earn Bitcoin when they shop from partner merchants. Instead of keeping the affiliate commission, Lolli shares that money with you, sending free Bitcoin to your wallet! You also get to open the Lolli Daily Stack Treasure Chest for more FREE Stats!
Use Code: U5PYB8 to get surprise sign-up bonuses (for new customers only) or simply click-thru the following link:
https://lolli.com/share/U5PYB8
There is no purchase or deposit necessary.
JUST ADDED/LIMITED TIME
🐮 Open and fund a WeBull account “with any amount” and get 5 Free Stocks valued between $8-$2000 each! These stocks can obviously be held or sold for cash so you can buy BITCOIN on the included WeBull Crypto Marketplace.
https://a.webull.com/ga67Lcu5wVqkND7611
New WeBull $5.00 FREE Crypto of your choice deal:
https://a.webull.com/Apy7Lcu5wVqkND7byl
Choose between Bitcoin, Ethereum, Cardano, Doge, or Shiba Inu
( Please note that all of the referral offers listed above are subject to change at any time :)
⚡️Join Strike and instantly earn $5.00 when you sign up & verify your account using referral code J4M98V or use the following referral link (no purchase or deposit necessary):
https://invite.strike.me/J4M98V
Here is an Awesome Strike Demo Vid if interested:
https://www.youtube.com/watch?v=fckmC8W6yF8
FYI: Strike allows for free global money transfers & is the power behind Global Twitter Tips. Buy Bitcoin (with no added fees) on the app with your Free $5.00, or simply withdraw it and put it in your pocket. It’s probably the easiest $5.00 you can make on Reddit.
Accumulate all of this Free Bitcoin now before the next record high! See below for unique promotional recommendations from featured services:
⚡️Join Strike (a far superior alternative to the Cash App) and instantly earn $5 when you sign up & verify your account using referral code J4M98V or use the following referral link (there is absolutely no purchase or deposit necessary):
https://invite.strike.me/J4M98V
Here is an Awesome Strike Demo Vid if interested:
https://www.youtube.com/watch?v=fckmC8W6yF8
FYI: Strike allows for free global money transfers & is the power behind Global Twitter Tips. Buy Bitcoin on the app with your Free $5.00, or simply withdraw it and put it in your pocket.
🦢 Swan is a Bitcoin-only Exchange committed to supplying the lowest fees when it comes to purchasing Bitcoin (“up to 80% lower than Coinbase”). Swan is highly recommend by Max Keiser and the Orange Pill Podcast. Also check out the Free 5 star ebook/audiobook attached courtesy of Swan (a $14.95 value via Audible):
$10.00 Offer - New Customer Signup Link
Free “Inventing Bitcoin” E-Book/Audiobook Link
🍭 Just in time for the Holidays, Lolli is a Bitcoin rewards site & browser extension that lets users earn Bitcoin when they shop from partner merchants. Instead of keeping the affiliate commission, Lolli shares that money with you, sending free Bitcoin to your wallet! You also get to open the Lolli Daily Stack Treasure Chest for more FREE Stats!
Use Code: U5PYB8 to get surprise sign-up bonuses (for new customers only) or simply click-thru the following link:
https://lolli.com/share/U5PYB8
There is no purchase or deposit necessary.
JUST ADDED/LIMITED TIME
🐮 Open and fund a WeBull account “with any amount” and get 2 Free Stocks valued between $3-$300. These stocks can obviously be held or sold for cash so you can buy BITCOIN on the included WeBull Crypto Marketplace.
https://a.webull.com/8XV7Lcu5wVqkND7Jpy
New WeBull $5.00 FREE Crypto of your choice deal:
https://a.webull.com/Apy7Lcu5wVqkND7XWZ
Choose between Bitcoin, Ethereum, Cardano, Doge, or Shiba Inu
( Please note that all of the referral offers listed above are subject to change at any time :)
Accumulate all of this Free Bitcoin now before the next record high! See below for unique promotional link recommendations from featured services:
⚡️Join Strike (a far superior alternative to the Cash App / the easiest $5 you can make) and instantly earn $5 when you sign up & verify your account using referral code RCC7WC or use the following referral link (no purchase or deposit necessary):
https://invite.strike.me/RCC7WC
Here is an Awesome Strike Demo Vid if interested:
https://www.youtube.com/watch?v=fckmC8W6yF8
FYI: Strike allows for free global money transfers & is the power behind Global Twitter Tips. Buy Bitcoin on the app with your Free $5.00, or simply withdraw it and put it in your pocket.
🦢 Swan is a Bitcoin-only Exchange committed to supplying the lowest fees when it comes to purchasing Bitcoin (“up to 80% lower than Coinbase”). Swan is highly recommend by Max Keiser and the Orange Pill Podcast. Also check out the Free 5 star ebook/audiobook attached courtesy of Swan (a $14.95 value via Audible):
$10.00 Offer - New Customer Signup Link
Free “Inventing Bitcoin” E-Book/Audiobook Link
🍭 Just in time for the Holidays, Lolli is a Bitcoin rewards site & browser extension that lets users earn Bitcoin when they shop from partner merchants. Instead of keeping the affiliate commission, Lolli shares that money with you, sending free Bitcoin to your wallet! You also get to open the Lolli Daily Stack Treasure Chest for more FREE Stats!
Use Code: U5PYB8 to get surprise sign-up bonuses (for new customers only) or simply click-thru the following link:
https://lolli.com/share/U5PYB8
There is no purchase or deposit necessary.
JUST ADDED/LIMITED TIME
🐂 Open and fund a WeBull account “with any amount” and get 2 free stocks valued between $3-$300. These stocks can obviously be held or sold for cash so you can buy BITCOIN on the included WeBull Crypto Marketplace.
https://a.webull.com/8XV7Lcu5wVqkND7AiM
Or Get $5.00 of FREE SHIBU INU from WeBull with this link:
https://a.webull.com/fcl7Lcu5wVqkND7BIL
(Expires 11-30-21)
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🎁 🇪 🇦 🇷 🇳 Points On The Weekly Leaderboard.
Top 10 On The Leaderboard By Tuesday Wins!!!
Get A $50 Bitcoin Signup Bonus + NO KYC !
Active Players Enjoy EXCLUSIVE VIP REWARDS + Free Crypto Tokens On Each Wager.
PS: Jackpot just hit $120,000.
Accepting 14 Major Coins & Tokens Including Bitcoin, Ethereum, BNB, LTC, BCH & XRP.
I'm trying to learn about cryptocurrency I'm a rookie in 2017 I followed a friend's advice signed up on Robinhood and bought some Doge coins had them for along time and stupidly sold all of them never thought they were gonna even hit a penny I bought mine when they were selling at like .00004 and had like a million or so would be nice if I sold them when they hit like 60 cents ohwell live and learn so that's about what I know with cryptocurrency I see lots of gas station with these Bitcoin machines I'm an average working American not big income how is it possible to make money when realistically I can only afford to save like maybe a hundred dollars a week Im always trying like I sometimes buy a 100 USD worth on my cash app but always lose like 10 or 15 and then give up and sell them Id love it if I could meet a real human with the patience to explain things better to me and just coach me a little I'm willing to spare a few bucks or whatever for your help and time thanks anyone who actually cared to read my post and thanks