Ethio online work community ™

📈How not to get caught by scammers? ⠀ On the first part of the safety guide you put a lot of reactions. I heard you and prepared the second part. 1️⃣ Personal messages When you fill out forms to get into Whitelist, or even just following the project, you join official Telegram and Discord groups (other social networks are also possible) and then suddenly you get a personal message that "you won" or "you were selected" or shortly before the token is put on the market, you may receive a message with a token contract. 100% it will be scammers. They monitor users who joined groups and start sending personal messages. 🟢Never follow links from private messages, don't reply to them and delete/block the chat immediately so as not to lose your funds. 🟢You can minimize the appearance of such messages through the security settings in the app: ●In Telegram, we recommend banning them from adding you to groups. ●Discord has a feature to prohibit private messages. Don't be afraid to close and delete private messages from unknown contacts, because administrators of the projects you follow will never write to you first. 2️⃣ Email Sometimes you may get a message about a prize or some other information from the project to your email. The first thing you should do is to check the sender of the message. In 99% of cases they will say through their official media that they send out a mail to the users and they will say which e-mail it should come from. Also we want to warn you against downloading any files from e-mails of unknown senders, even text ones, as it can cause installation of malware. 3️⃣ Fishing Phishing sites are quite common. These are copies of project sites, games or entire exchanges, by connecting to them or by signing a contract you can lose your funds. Don't be a "fish". ✅You may be wondering, how do you know the official channel of a project? ⚫️First, when publishing information on the channel, we always attach links to the site/channel or other official source. ⚫️Second, you may also find the links you need on aggregator sites like CoinMarketCap or CoinGecko (if the project is already launched, the token contract address is also available there). 4️⃣ OTC When you got in the whitelist of any project (or not), you may want to sell your purse or buy another one. To do this, we all use a kind of "markets" - OTC. But, as in any market, here too we will be expected by amateurs of profit. Guarantor can be in collusion with the seller, or the seller can write off your money from the purse purchased. There are many other situations that can arise and bring you a loss. I recommend using only verified OTC and always refer to guarantors and check if the guarantor mentioned in OTC matches with the person you are dealing with. If you try to combine all of the above in one sentence in this section - check the sources of information very carefully. This will help you save your money. 💭In the post, we mentioned a lot about Whitelist and OTC. Perhaps many of you do not fully understand what it is and how it works. Should I post on this topic? Yes - 👍 No - 👎 📈Crypto_Room

📈How to store your crypto assets properly? 🔐 ㅤ Many of my subscribers are still "new to cryptocurrencies". And especially for you I prepared a post with basic rules of handling and storing your crypto. 1️⃣ Seed-phrase We all know that when we create a wallet, we get a Seed-phrase that gives us access to the wallet on any device. But are we handling it correctly? We can assume that most of you have the seed-phrase stored in your notes on your phone or computer. You should not do so, because your phones can also be attacked. And we're not just talking about hacking. Your phone or laptop can be stolen, and if there is information about your crypto-purse inside, the loss can greatly exceed the value of the device itself. In our opinion, the most correct way to keep a seed-phrase, even in spite of the digital age, is a piece of paper, which you leave in a safe or other secluded place. You can learn it, of course, but we wouldn't recommend being so sure of your memory. 2️⃣ Hardware wallets An additional safeguard against hacking and stealing funds from your wallet can be the use of so-called "cold" wallets, which are not online and are offline until you need them. They are ideal for storing your tokens. You can always plug in the wallet and make the transactions you need, and the rest of the time your tokens will be safe. I would recommend choosing between Ledger and Trezor. Buy cold wallets only from official manufacturer sites. Marketplaces, online stores (even large ones), classifieds sites, and even more so used devices can pose a risk to your funds. 3️⃣ Exchanges Let us mention that you should not keep large amounts of their funds in the centralized exchanges. At any time the exchange can be subject to hacking, or any failure, or the exchange can impose restrictions on your account, thereby blocking your funds. Keep on exchanges only necessary minimum for trade/exchange, and use only trustworthy and large exchanges. The major exchanges are Binance, Huobi, ByBit, Gate. 4️⃣ Stablecoins We all use stabelcoins until we decide to invest somewhere else. Our main advice is don't keep all your money in one type of stabelcoin. Split the amount among several stabbles, thus diversifying the risks (even though the risks are minimal, but we all remember the UST case.). 💭 In the first part of this post, we only covered the basics. I can prepare the second part, in which we will tell about spam from projects to personal messages and Email, fake sites of projects, deception on OTC-platforms and etc. Would you be interested in such content? 👍 - Yes 👎 - No 📈Crypto_Room

📈Useful services in crypto | Part 1 ⠀ We prepared a list with different sites for real crypto! We tried to make this list as diverse as possible, so absolutely everyone will find something useful here, so feel free to share it with your friends! (Be sure to keep it in your notes) Here are services every self-respecting cryptan should have in his arsenal 🧠 ◾️CoinmarketCap The site provides information about all tokens, gives smart contract numbers, brief information about projects and a general summary of the capitalization of the whole market. ◾️Crunchbase A mega-cool service that provides information on investments, funding, founders and CEOs, mergers and acquisitions, news and industry trends. A tip: find a fund we are interested in, look at its recent investments and based on them select projects for early activity. ◾️Coinmarketcal A calendar of current crypto events. Users and can vote for the validity of the information, and officials confirm / deny it. ◾️Poocoin / Dextools These aggregators will help in bep20 and erc20 networks to search and trade tokens which are not traded on exchanges. Extremely useful if you're trading shieldcoins that just came out. ◾️TradingView Considering that many exchanges can block access to them, thanks to tradingview you can follow the rate of absolutely any coin, and look at the history of token since the start of listing on any of the exchanges. Also, it is a very handy service if you are a novice trader/investor. ◾️Defillama Decentralized aggregator with general information about TVL in different networks and general information about projects providing farming/stacking opportunities. You can choose projects which already have a lot of liquidity + passed the audits. What will increase the safety of your funds. Write 🔥 if the post was helpful to you! 📈Crypto_Room

📈The main signs of a scam-project ⠀ Catch information that will help you distinguish worthwhile projects from those on which you are 100% likely to lose money📊 ◾️Project team throws around promises they can't deliver. For example, promises guaranteed earnings that cannot be accurately predicted. ◾️The project team is anonymous. When implementing a quality project, there is no point in hiding the team. Even the opposite, a strong team is one of the factors of success of the project, which is evaluated by investors. ◾️The project has no technical documentation or working product. Even the most revolutionary idea without proper documentation of its technical solution is nothing. ◾️An announcement of a super large-scale project with a small team. It's hardly worth trusting a project if there are a few people on the team and they want to become the new Google or Apple without any product. ◾️Roadmap, painted out for several years ahead. The crypto market is very dynamic, with the likelihood that several peers will have already been released in that time. ◾️Large share of the team in the allocation of tokens. Often a team wants to get 30-40% of the tokens, and loudly proclaims the high decentralization of the project. This looks very questionable. ◾️Low token price. Some may see this as a great potential for growth, but attention should be paid to capitalization. ◾️Weak marketing. Even the coolest product can fail if nobody knows about it. The absence of the project in any social networks is already a very alarming sign. ◾️It is not clear what the project does. If you've studied the information about the project, but still don't understand it, you shouldn't carry money there. ◾️Project hides information about competitors. A good project should not be afraid of competitors. If they are not mentioned in the documentation, that is a reason to think twice. 💭 Is this post helpful to you? Yes, it was interesting - 👍 No, I knew everything - 👎 📈Crypto_Room

A selection of Ai services to help crypto guys ⚫️Stable Diffusion: AI picture generator. You can set different number of parameters, choose number of images (up to 12 variations). A great thing about this service is that when you run out of free credits you just register a new account for a temporary email. ⚫️Summarize.tech: a great service that will make you a summary of a Youtube video. You just paste in a link and you'll know what's being talked about in seconds ⚫️Perplexity AI: a search engine that combines AI and Google. Great for searching and processing information. ⚫️MidJourney: the AI image generator everyone knows about, better in quality than Stable Diffusion above but with a worse interface because it is a discord and also after the free credits you have to buy or create a new ds account. ⚫️Synthesia: text to video generator. You give him the text (which again can be generated) and quite real AI character will read it out. A powerful thing, which will soon replace a lot of your work. ⚫️ChatGPT: an obvious, yet very useful tool that allows you to write and translate articles on any subject. Many people know about it, but this list couldn't be complete without it. ⚫️Slidesai: a service for creating presentations. Just give it the text that ChatGPT generated and it will give you a finished presentation. On the free plan, you can make 3 presentations a month. If you need more, just make a new account. ✅Let's supplement, especially for you, this list with some huge collections of Ai for almost any purpose: 🟢600 Neuronics: can be a wand at work/study, just pick the industry we want. 🟢750 neurons: good for content makers. 📌 Save and share this information with your friends 📈Crypto_Room

📈 What are Nodes and how do I make money? In Simple Words Many people know about nodes as they use them in various blockchains to earn rewards, but not everyone understands exactly how this kitchen works from the inside. Let's understand 👇 ⚙️ Node (network node) is a server with software connected to the blockchain. It verifies and validates transactions and blocks, keeping the network secure. Network nodes can "communicate" with each other. They use P2P protocols for this purpose. A node's job is to monitor the validity of the information in the blockchain. To do this, they check transactions and blocks of data, and validate them. This helps secure the cryptocurrency network and prevent fraud📊 Nodes check the information in the blockchain against other network nodes to make sure that it is correct and integral. Each block in the blockchain contains information about all previous blocks. If one block is changed, it will cause a loss of consistency (consensus) in the blockchain. ✅How to earn? Some projects reward those who put up nodes. Look for projects like this here. For example, Aptos gave away 300 APT ($3-$4k) each for filling out a form and installing a node. To run a node, you usually need to rent a server for $10-$200, depending on requirements. 💭Would you be interested in learning more about nodes, their installation and profits? Yes - 👍 No - 👎 📈Crypto_Room

🚨 How not to lose all your money on a scam? Experience shows that scammers evolve along with the market. Newcomers continue to fall into the traps of scammers. And I don't stop telling you how to avoid being scammed in the crypto market, particularly in telegram. Types of scams via telegram and social networks 👇 ❌ Fake token A scammer buys a news/analytics channel with normal content. Then buys ads in the top channels and under the fresh audience publishes signals urging to buy token X before listing on the main exchanges. Initially, the token is fake. The contract spells out a feature that prohibits selling the token. That's why the price goes up forever, the scammer gets richer, and the hamsters get poorer. ✅ Conclusion: Before buying, check the token on CoinMarketCap, analyze its tweet. Do NOT buy tokens through contracts published in channels/chats. All official contracts are on CMC or Coingecko. ❌ Scam Telegram Ads Telegram Ads are ads that pop up at the bottom of the channel. Only Telegram is responsible for these ads. Channel admins have no influence on the quality of these ads and get nothing out of it. Sometimes scammers advertise their channels through Telegram Ads, showing their successful signals. And after a while, they skam subscribers through trust management (TMA) or skam tokens. ✅ Conclusion: Do not trust those channels which offer to deposit money somewhere, buy signals or give money to a trust. ❌ Phishing links in official social networks There have been many cases where discord or twitter of big projects have been hacked and posted phishing links to airdrop or mint NFT. Or scammers have created similar social networks and offered to get free tokens/NFT on the site right now. After connecting to the site and signing the transaction, the scammer would gain access to your wallet. These are far from isolated cases. ✅ Conclusion: Always have several wallets. A primary one for connecting to trusted sites (OpenSea, Uniswap) and storing liquid assets. And secondary - for activities, dubious projects and riserch. 💭No one is immune to scammers. To lose less, use the rule of thumb: "Go slower when it comes to making money, and faster when you want to keep your assets. 📌 Save and share this information with your friends 📈Crypto_Room

📈Where is the cheapest place to withdraw crypto? 🤔 If you're often looking for the cheapest way to withdraw crypto from an exchange - use Coinmarketfees 💭In addition to comparing withdrawal fees from different exchanges, you can also compare fees in different networks📊 📌 Save and share this information with your friends 📈Crypto_Room

📈GameFi: alive or all is lost?! It is no secret that it is thanks to games that a large number of people come to the world of cryptocurrencies. Through quests, trading or other mechanisms, GameFi allows players to earn digital assets for their efforts in the game📈 🟢The introduction of NFT and the P2E model - play to earn - changed the market dramatically in 2021-22, which was a real boom. At the very end of November 2021, the total market capitalization of all GameFi project tokens reached its ATH of $36 billion. 🟢The decline of the entire crypto market couldn't help but affect GameFi as well. In November 2022, funding for this sector dropped 69% to a record low of $60 million, and 62% of GameFi investors lost more than half of their 2022 profits. 🟢Nevertheless, according to MarketsandMarkets' analysis, the blockchain game market will grow from $4.6 billion in 2022 to $65.7 billion by 2027. Currently, only 31% of all GameFi projects are playable, while the rest are under investment and development. This points to the enormous potential the industry has regardless of market sentiment. ✅Our new infographic gives you an overview of the GameFi-project ecosystem. Do you guys think P2E games will be able to replace existing web2 games, like CS:GO and Dota?🤔 👍 - yes 👎 - no 📈Crypto_Room

📈 How do I know if the tokens will continue to grow or not? One of the indicators to determine the strength of the market is the reaction of tokens to the news. The weaker the reaction to the news, the weaker the market. And vice versa📊 ✅The latest news and altcoin reaction: 🟠 Binance mines steblecoin TUSD → steblecoin TRU +108%. 🟠GNS listing on Binance → GNS +41% 🟠Guild Games raised 13 million → YGG +25% 🟠 Filecoin will launch smart contracts → FIL +22% 💭Assets reacted twice as weakly to similar news in the summer. Although market momentum persists 📈Crypto_Room

📈 What kind of stabelcoins to keep assets in? The SEC essentially destroyed BUSD 💰 in one day. The token is still trading, the binding is in place, but it has no future. Which stabelcoins are safe to keep money in? 🤔 ✅Centralized: 🟢 USDT 💰 - launched in 2014 by issuer Tether together with Bitfinex. Now has the largest capitalization among stabelcoins. Transparency: Secured by cash and short-term bonds (82%), secured loans (8%) and corporate bonds (5%). Risks: Audited by companies NOT in the Big Four. 🟢USDC 💰 - launched in 2018 by Circle. Transparency: Secured by U.S. short-term securities and cachet. Risks: Under U.S. jurisdiction. Could repeat the fate of BUSD. ✅Decentralized: 🟢 DAI 💰 is an Ethereum-based staplecoin with super-securities whose issuance is controlled by the creator of the DAO. Transparency: You can print 100 DAI against a pledge of $150 in ETH. If the value of ETH falls below $100, the pledge is liquidated. In this way, a bind is maintained. Risks: DAIs are basically backed by USDC. If something happens to USDC, it will affect DAI. 🟢 FRAX is partially collateralized (mostly USDC) and partially stabilized algorithmically. Transparency: The FRAX is collateralized by the USDC and the collateral ratio depends on the market price of the FRAX. If FRAX trades above the $1 peg, the protocol reduces the FRAX monetary collateralization ratio for USDC. If FRAX trades below $1, the protocol will increase the collateral ratio to prevent a Terra UST "death spiral" scenario. Risks: It is unclear how Stablecoin will behave when scaled up. ✅ Conclusion: 💭USDT, USDC and DAI can be held for diversification. Let's see how the new Aave and Curve Finance stablecoins behave, but in the current situation it is better not to experiment with new stablecoins 📌 Save and share this information with your friends 📈Crypto_Room

📈What is cryptocurrency staking? The U.S. SEC wants to ban staking. Let's refresh our knowledge of this process and think about what the regulator can and cannot ban🤔 🔼Staking is an alternative to mining in cryptocurrencies on the Proof-of-Stake algorithm, where a certain number of coins are blocked in order to qualify to participate in transaction verification. As with mining, the blockchain relies on rewards in network tokens to keep it running📊 In POS cryptocurrencies, validators are responsible for verifying transactions and creating new blocks in the blockchain by placing their coins on the stack. These can be either the validator's own coins or funds received from other users. For example, to create an Ethereum stack, a minimum of 32 ETH must be blocked. This amount may be too high or the user doesn't want to set up a node and check transactions, i.e. be a full-fledged validator. In that case, you can transfer your ETH to another validator, who will split the reward with you. And the transfer process itself can take place through an intermediary, such as a cryptocurrency exchange or DeFi service. In this case, staking actually turns into a form of passive income, where you transfer cryptocurrency to a third party and get a percentage for it. It works just like a deposit in a bank📈 🔽The SEC wants to ban staking because from their point of view it is an illegal financial service that no one has been licensed for. Banks have a license for deposits, but crypto exchanges don't have a license for staking Based on this logic, the regulator could require all centralized crypto exchanges to stop providing staking services until such activities are legally regulated. ✅Banning staking on DeFi is much more difficult, but it is theoretically possible. The practice of regulating DEX exchanges exists and has been used. Authorities simply prosecute the developer of the DeFi protocol, and he either goes to jail or shuts down his service. 💭But what the regulator can't prohibit is to engage in cryptocurrency stacking themselves, directly interacting with the blockchain. 📌 Save and share this information with your friends 📈Crypto_Room

📈How do you know if an asset is going to be pumped up? Today let's break down an interesting metric that often heralds the pumping of an ecosystem or individual token. This is Stablecoins Inflows. The USD Inflows metric shows how many stabelcoins are transferred to a particular blockchain per day. Usually, stabelcoins are deposited to buy coins before growth📈 Example: In the first picture, we see that on January 8, a relatively large volume of stakes were added to the Canto blockchain. After that, the CANTO token began to grow. A similar situation happened with Arbitrum and Optimism. ✅How to analyze? 🤔 Go to the website and see which blockchain has high growth of stables in the last week. We click on the blockchain and analyze whether they've been pumping in stabelcoins for a long time, or just started. We are interested in fresh liquidity. 💭This metric is not the secret grail. But it will help us better understand which blockchain has growth potential right now, and where liquidity is being withdrawn. 📈Crypto_Room

📈 How to analyze tokenomics and earn even more? Tokenomics is the economics of tokens and their application in a project. By understanding tokenomics you can predict where the best entry and exit point will be. There are 2 types of tokenomics: inflationary and deflationary: ✅ Deflationary - the number of tokens in the supply decreases over time. This usually happens by burning (destroying) a fraction of the tokens. Or by redeeming (buyback) tokens from the market and sending them to a non-existent address. Example: BNB is a deflationary token with limited supply. A total of 200 million BNBs are issued. Once a quarter, a portion of the tokens are burned. This decreases the BNB issue and the value of one coin becomes higher. 🔼 Pros: + Increase in token value. If demand goes up and supply goes down, the price goes up. + Motivation to hold the token. Decreasing supply encourages holders to keep holding the token because the price will rise in the long run. + Stable economy. No one will print an infinite number of tokens by depreciating them. 🔽 Minuses: - Reduced turnover. The higher the deflation - the more people tend to accumulate rather than spend. This hurts the economy of the project. - There is no incentive to develop. Destroyed tokens could be distributed among the most active part of the community and stimulate various activities in the project. ✅ Inflationary - the total number of tokens increases over time. New tokens are issued through mining (BTC), stacking (ETH), farming (OSMO) and other activities. Example: Dogecoin has an inflationary model. New coins are infinitely printed. 🔼 Pros: + Incentives for project activity. For example, you can earn OP tokens for project activity on Optimism. + Rewards for early users. + Liquidity poaching. Projects can offer high % on staking through rewards in their tokens. 🔽 Minuses: - Willingness to sell the token. High inflation can cause the token to be sold all the time. - Impairment of the asset. Increased supply leads to a decrease in the value of a single coin. ✅ Conclusion As you can see both models have their advantages and disadvantages. In the long run, deflationary tokens will have more value. In the short term, during a project's HYIP, inflationary tokens will have more value. 💭Ultimately, the success of the project will depend on a combination of factors: tokenomics, team, marketing and market conditions. 📌 Save and share this information with your friends 📈Crypto_Room

HODL or Speculation? 🤔 Today let's break down 2 opposing strategies for profiting from the market. 🟢HODL You choose an asset, such as ETH, and start buying regularly once a month/week/day. You don't pay attention to the price, the main thing is to buy regularly and for the same amount. 🔼 Pros: Analysts at JPMorgan calculated that over the past 20 years, the average investor's return has been 2.9% and has only outpaced inflation. While the SP500 was growing at 7.9% a year. Much more profitable to buy and forget. 🔽 Cons: - Discipline (forgot to buy) - Emotions (scared to buy when things go down) - Fear of news (Bitcoin scams, Ethereum gets regulated...) This is why not everyone can stick with a DCA or HODL strategy. 🟢Speculation Trying to buy cheaper and sell higher, hunting for the best entry and exit points. Speculators use many strategies to measure the degree of mood in the market: - Fear index/crowd mood: buy when it's bleeding, sell on euphoria. - Technical analysis: buy under a 200-day MA. - On-chain metrics. - And even lunar phases ;) 🔼 Pros: You can preserve capital during market declines and outperform the market during gains. 🔽 Cons: The market is often prone to giving false signals, fakes, manipulation, etc. Emotions can trick you into selling during a depressed market. And this is the best entry point. ✅Truth in the middle Instead of trying to only HODL or only speculate, create 2 portfolios: 1. Long term for 5-10 years with fundamental projects. For now it's BTC and ETH. Invest regularly, small amounts on a buy&forget basis. Sid-phrase just do not forget. 2. Portfolio for speculation on trends, altcoins and any ideas. 💭There is no perfect strategy. Discipline, experience, persistence and luck is the Grail. 📈Crypto_Room

📈4 tools to understand when to buy and sell 🤔 When the market goes up or down a lot, greed and fear of missing out on profits overtakes us. But only the numbers will show a sobering picture. These 4 tools will tell you where to buy and where to sell 👇 🟢 Liquidations and shorts. It's helpful to compare the ratio of short to long positions. Usually, if there is a strong bias in one direction, such as 20/80, the market will liquidate those that are outnumbered. The most transparent data on the proportion of shorts and longs on the GMX exchange. These are the actual open positions. Right now the short/long ratio = 11/89. We can expect a temporary downward squeeze. 🟢Share of stakes and share of BTC The market is several vessels that pour liquidity (money) between them. Conventionally, 3 types: stabelcoins, BTC and altcoins. 🟠Bitcoin dominance. If BTC's market share grows, money goes to bitcoin. After that, we should expect a spillover of BTC into ETH and altcoins and pamp. Provided bitcoin is growing. 🟠Stablecoin ratio. The higher the share of steibles, the more the market will then be pumped up and pamped. On Tradingview, search for:(USDT+USDC)/TOTAL and get the share of stables. 🟢 Don't miss an important level When the whole market is rising you can monitor the price and for fear of selling earlier than you planned. Or buy more expensive without waiting for a correction. Download the CoinMarketCap app on your phone and create an account. Put notifications on key assets in your portfolio or shortlist. I set notifications for price changes of +/- 20% per day and for key levels to buy or sell. Until the notification goes off don't open the chart. Price doesn't go up/drop from being looked at. 🟢 Find any chart. Some shitcoins don't have a chart and that's the problem. Where was the high? Was the price at the highs or at the bottom? Several sites that show charts for everything: 🟠Dextools 🟠Dexsccreener 🟠Coingecko Terminal 📌 Save and use 📈Crypto_Room

📈 5 steps to analyze any token Mostly, investors lose in the crypto market because of poor analysis. People are afraid to make decisions to buy/sell assets, so they try to shift the responsibility to a channel, Influencer or Musk. Today I will show you the basic rules for your own analysis of any unfamiliar token you are advised to buy 👇 Situation: You see that Binance is launching a HOOK token on the lunchpad. Suddenly, someone offers you in a PM to buy it on PancakeSwap cheaper and before listing. Very much want to buy, but how not to get on scam? 1️⃣ Always check token on CoinMarketCap The first thing to do is to go to CMC (CoinMarketCap) and check this token there. If there is no trading there yet and it says ICO, the token is not traded anywhere yet, and you are being offered a SCAM! 2️⃣ Check announcements The HOOK token page on CMC has a section with the project's twitter/discord. Go to Twitter and look at the announcements from the last week or two. If there is no information there about trading the token on Pancake or other airdrops - you are being offered a scam. Also you can go to the site (you can find it on CMC as well) and read about the project, what problem it solves, what team and investors it has... 3️⃣ Checking the contract Let's say the channel offers to buy HOOK token before listing on Binance. In order for you to buy the token, the scammer will post the scam token contract under the guise of a real token and will spell out instructions on how to buy it on Pancake. NEVER COPY TOKEN CONTRACTS FROM TG CHANNELS. All official contracts are on CMC, Coingecko, DropsTab, Cryptorank + in whitepaper of each project. 4️⃣ Basically read the whitepaper The whitepaper is not as scary as everyone tells us. There are a lot of interesting things there. CMC has a link to each project's whitepaper. It's a good idea, a basic flip through the documents, at least to look at the tokenomics of the project (what the token is for, its functions) and what the project does. 5️⃣ See where the token is traded The most common question in chat is "where can I buy X token?" To answer this question, just go to CMC - type in the token you are interested in - go to "Markets" section. There will be a list of all exchanges (CEX and DEX), where the token is traded. ✅ In conclusion: 💭We often make the mistake of acting too fast when it comes to making money and too slow when it comes to preserving assets. Always ask yourself: do I want to earn now or not to lose? If you want to make money, act gradually and don't buy shitcoins with all your money! I hope this information helps you save money, save the information or pass it on to a newbie friend 😉 📈Crypto_Room

⚡️The new year often starts with a clean slate, let's refresh our knowledge about the first cryptocurrency How does bitcoin work? 🤔 The idea behind BTC 💰 by its creator Satoshi Nakamoto was to build a payment system without intermediaries, where the payments take place directly between users (sender and receiver) 📥 Each BTC transaction in the main network passes through 7 stages: ▪️ Selection of the recipient, transfer amount and commission. ▪️ The sender signs the transaction with a private key and sends it. ▪️ Nodes checks the eligibility of the transaction and sends it to the miners. ▪️ The miners add the transaction to the block. ▪️ The miners calculate the hash of the new block. ▪️ The new block is verified and added to the blockchain. ▪️ Nodes add the new block to their copy of the blockchain. Knowing the algorithm gives the understanding that: ▪️ Nodes can only skip a transaction if you don't have the right amount in BTC. ▪️ Miners can delay processing a transaction, but are unable to cancel it. 💭Save this information so you don't forget 📈Crypto_Room

🚀 Channel Navigation: ▪️How does bitcoin work? ▪️5 steps to analyze any token ▪️4 tools to understand when to buy and sell ▪️HODL or Speculation? ▪️ How to analyze tokenomics and earn even more? ▪️How do you know if an asset is going to be pumped up? ▪️What is cryptocurrency staking? ▪️What kind of stabelcoins to keep assets in? ▪️How do I know if the tokens will continue to grow or not? ▪️GameFi: alive or all is lost?! ▪️Where is the cheapest place to withdraw crypto? ▪️How not to lose all your money on a scam? ▪️What are Nodes and how do I make money? In Simple Words ▪️A selection of Ai services to help crypto guys ▪️The main signs of a scam-project ▪️Useful services in crypto | Part 1 ▪️How to store your crypto assets properly? ▪️How not to get caught by scammers? ▪️How To Do Your Own Analysis? ▪️Ambassador Program 📌 I hope this information helps you use your investments wisely, but most importantly, save your money. Share with your friends