Connect with us

Cryptocurrency

How to reduce Cryptocurrency Risks and Protect your Profits

Published

on

How to reduce Cryptocurrency Risks and Protect your Profits

Interested in making money with cryptocurrencies but worried about its volatility? Well, you should know what you need to know.

Cryptocurrencies are widely known for their high volatility, with Bitcoin hitting a high of $68,000 in November 2021, but drops to $21,589.98 in August 2022. Experts say blockchain networks will take hold, even if they won’t replace traditional currencies in the near future.

Cryptocurrency volatility and price fluctuations appear to be very high, but there is no precise basis for fluctuations. Unlike the relatively safe financial markets, crypto markets are not backed by financial institutions or governments, as they are backed by regulatory bodies that constantly oversee the safety and interests of investors.

Read: 10 Cryptocurrency Investment mistakes to avoid (don’t be a victim of #3)

What are the risks associated with cryptocurrencies?

  • High Volatility: The volatility of the crypto markets is extremely high. Price fluctuations are very large. Furthermore, fluctuations and volatility cannot be accurately accounted for. Due to the volatile nature of cryptocurrencies, people are reluctant to invest in them.
  • Irreversible Transactions: Transactions occur within minutes. Once a transaction is made, it cannot be reversed unless the other party agrees to do the same. Because the identity is anonymous, the risk of irreversibility is very high.
  • Unregulated: Unlike relatively secure financial markets, cryptocurrencies are not backed by financial institutions or governments as they are backed by regulators who are constantly monitoring the safety and interests of investors.
  • Highly Vulnerable to Hacking and Cyber ​​Fraud: The growing popularity of cryptocurrencies has attracted the attention of many hackers and scammers
Related  Why Bitcoin will go to zero - Harsh truths

Although crypto is highly encrypted, it is still vulnerable to hackers looking for ways to commit fraud that can be avoided with the help of cryptocurrency risk management.

Why is risk management important?

Here’s a simple example to further back it up. Let’s say you want to invest in cryptocurrencies and have bought Ripple, a relatively strong and stable project for your total deposits. 50% drop and drop. This is more than just speculation, but a look at Ripple’s chart shows a series of ups and downs.

In summary, you can lose half of your deposit by performing only one trade.

The key here is that if you act intuitively without a risk management strategy, you will definitely lose money.

Without further ado, let’s take a look at some tips on how to mitigate these risks when investing in a platform:

– Do extensive research

Cryptocurrency platforms contain thousands of digital coins. You may be familiar with the most popular ones like Bitcoin, Ethereum and ALTCOIN. Before investing in cryptocurrencies, you should do thorough research before investing any asset. Choose a suitable project that can bring you good profits.

Read: How to protect your cryptocurrency funds when the market crashes

Be sure to read the whitepaper to understand their vision, roadmap and tokennomics before diving deep into investing. This is very important. This will help you see if the plans of the company you want to invest in match yours. Remember that your research is very different from other people’s research.

Paying attention to detail and spending valuable time reading and understanding digital currencies is a sure way to avoid risk in the long run. Doing nothing may cost you fortune, avoid it.

– Define the ENTRY-EXIT Strategy 

The ENTRY-EXIT strategy is an important part of trading that cannot be ignored.

A good entry is the cake on a profitable trade, but when exiting, consider your losses as well as your gains. Planning for exit points is an important part of a sound risk management strategy. Everything in crypto comes with risks and bonuses. Instead of blindly following trends, you should choose the best.

Related  How much can I make as a blockchain developer?

– Hedging

Hedging refers to an investment strategy in which you place a primary trade in the direction you expect the market to go and a secondary trade in the opposite direction. 

It protects you from losses if the value of an asset rises or falls. Cryptocurrency investors can hedge their investments by going short or long in the futures market. Participate in a long-term strategy where you agree to buy cryptocurrencies at today’s price at a given time in the future in the hope that they will appreciate in value. In contrast, short selling is a strategy in which you agree to sell your cryptocurrency at today’s price at a given time in the future if you think the value of the cryptocurrency will fall.

In some cases, leveraged trading can be used as a hedging tool. For example, if the price starts to fall after buying Bitcoin, you have the opportunity to open a short position with a small shoulder and recoup your losses.

Leverage is a tool that should be used in the right places.

– Guessing the Size of Trades

Traders are often guided by emotion rather than logic or serious calculations. There is even a special term to describe this phenomenon. It’s called FOMO, or Fear of Missing Out.

Inspired by the hype, novice traders act recklessly and invest 30-40% of their deposits in trading. Failed trades can lead to serious losses. So don’t forget the 6% and 2% rules.

The latter states that a trader should open positions at no more than 2% of total deposits. Some even recommend investing less than 1% of your deposit. Using this strategy you will never run out of your entire deposit. The 6% rule states that if you keep losing money trading cryptocurrencies and are unable to stop a series of failed transactions when you lose more than 6% of your deposit, you should stop trading. In this case, it is recommended to take a break from trading for 1.5-2 weeks to recover mentally and stop making hasty decisions.

Related  Why does cryptocurrency always crash on weekends?

This principle is closely related to the capital loss limit. When entering a position, the total risk of all orders should not exceed 25%.

This ensures that at least 75% of the deposit remains even if all transactions prove unprofitable.

– Determining Transaction Profitability

Note that not all transactions are profitable. Even professional traders lose money. Losing is part of the deal and you have to accept it.

The most important thing to consider is the win/loss ratio

Ideally, it should be 3:1 or at least 2:1.

How to measure your profit/loss ratio with a simple process:

  • Evaluate your Stop Loss (SL) and Profit Target (PT) potential price levels.
  • Measures the distance between entry and stop loss (SL). This Is Your Potential Risk
  • Measures the distance between your entry and your profit target (PT). This is your “potential reward”.
  • Divided into two: Potential Reward / Potential Risk
  • Don’t invest in digital assets just because others do 

You might even feel like you’re missing out on a big money opportunity, but it’s important not to give in to pressure just because someone else is investing. Take the time to do your research and only invest if it makes sense. It’s not the right approach to say that because other people invest, so should you.

Conclusion

All things have risks and benefits. Instead of blindly following trends, do your research and then choose what works best for you. When investing, be sure to review the various risk management techniques of crypto trading to avoid future mishaps.

Shares
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Cryptocurrency

How to find new altcoins before they explode

Published

on

How to find new altcoins before they explode

In this article, I’m going to show you step by step how you can find new altcoins before they explode and actually get an edge that most people don’t have.

The two things to keep in mind are (1) investing in cryptocurrency can be very risky. (2) It’s a very volatile market, do not invest more than you can afford to lose. 

Let’s head straight to answer the questions below:

  • What is the trust swap Launchpad?
  • How can I participate in a launchpad project? 
  • Token lock features of Trust swap Launchpad

Read: How to find NFTs before they blow up? – A Comprehensive guide

What is the Trustswap Launchpad?

Trustswap Launchpad is a full-service launch platform where stakeholders can gain early access and participate in the most promising blockchain projects. And the whole goal here with trust swap is to add as much transparency as much trust to the launchpad process as possible.

The Launchpad toolkit uses trust swaps advanced smart locks technology, therefore their technology provides customizable and fully audited services that can securely lock tokens for teams developers and slash or early stakes. But all of these things combined is the reason we’re seeing more and more projects choose to launch their token off of trust swap. Smart locks technology ensures the integrity and trustworthiness of Launchpad projects towards the goal which is achieved by enabling the locking of liquidity, which makes it convenient for projects to avoid rug pools as well as token dose.

Trustswap Launchpad

Trust swap is the only Launchpad that offers guaranteed allocations and operates on every single blockchain if you’re staking a swap and anybody staking at least 4000 swapped tokens gets a full 24 hours to fill out their allocation form. Obviously, the more you stake, the higher your allocation will be. Trust swap does have a guaranteed allocation, and also a vetting team consisting of a panel of blockchain experts, which spends weeks evaluating each Launchpad project before approving the launch. So based on their discretion, only the most quality projects get in and those projects disclose their vesting schedule of their token allocations, consequently enhancing trust and integrity.

Related  Why does cryptocurrency always crash on weekends?

These features are powered by trust swap proprietary smart Lock technology. with this launch bed, there is no gas wars, which cannot be said for the other launch pads out there. And gas Wars is when you pay more fees to have your transaction go through first, maybe you will try and get your allocation first, which in essence pushes out the poor people who can’t afford it and only makes the rich get richer with trust swaps Launchpad that’s not possible.

How can I participate in a launchpad project? 

  1. Make sure you own a wallet that is interacting with the Ethereum blockchain, i.e Metamask. In addition, your wallet should hold some Eth and swap tokens to start.
  2. Navigate through our launch pad dashboard and connect your wallet we recommend Metamask.
  3. Select stake. Then just follow the steps outlined in the staking portal. And once the next project chooses to launch, be sure to fill out the application form within the 24-hour launch window and wait for a confirmation email, which you should receive within 72 hours and includes payment details.  And anybody committing the minimum amount for guaranteed allocations and passing the KYC verification is able to participate in the Launchpad; the more swap tokens staker stakes, the higher the allocation received for a launchpad project.

This is not for just Ethereum This is multi chain B trust swap Launchpad allows the launch of tokens into multiple chains Ethereum, finance, marching, avalanche, etc. As a result, it enables easy integration into crypto exchanges, and the wider Defi ecosystem.

Check out some of the past projects that launched off trust swap. We can see most recently Oculus, the initial price was five cents, all-time high was at $1.93. And right now it’s sitting at $1.91. obviously, that might level off in the future, but it’s a big success. 

Related  PANDATRON REVIEW: IS PANDA TRON SMART CONTRACT SCAM OR LEGIT

We also have Moby pay, which went up at most to its all-time high a 2,900% increase leveled off to a very humble 1,800% increase. And we can go down the list we also have chain games, glitch, finance, sell frame, etc.

Well nowadays almost everybody can create a token and launch it on a decentralized exchange like UNISWAP. Such tokens are often risky because of liquidity pools, poor contract code, exit scams, and mass token dumps by external investors due to unfavorable or nonexisting vesting schedules.

Trust swap wanted to create a solution that is able to tackle these fundamental issues in the crypto space. And smart launch is the name of that solution.

The smart launch is a security ecosystem that is provided for free to the community and consists of four key surfaces, token locks liquidity locks, lasting as a service and meant for the first three. The three locking services run based on trust swaps proprietary time-locked smart contract, designed to set customized token lock parameters. No longer would an individual have to guess you can verify you can know exactly what’s happening. Right now there’s over $3 billion in total locked token value in team finance over 160 million liquidity locked, and over 11,400 projects are locked with trust swap. just perusing the list here. We can see how many tokens in this case it’s 50% of the team’s allocation.

The next unlock for that team is 10 months away. It’s not only the Eth blockchain, but binance smart chain as well. You set the parameters you customize, or the team customizes the experience. And by the way, not all of these are businesses. 

Token lock features

Token locks allow project team members such as founders and token developers to set up token lock parameters. Projects can lock a percentage of their pre mined token supply, or team owned tokens into our time locked, decentralized, smart contract vault. tokens cannot be accessed by the project until the end of the locked periods. This way the community and the investors are assured that the team will not mass dump tokens during the contract period causing a so-called Exit scam.

Related  Best 5 crypto coins that will go parabolic this year

These projects cannot pull the liquidity from the indexes and dump those tokens on the HODLERS causing the token price to drop to near zero. And these vesting schedules are public and include a transparent view of release dates and amounts to investors as proof of trust insecurity. 

Investing: This is when either teams or early investors can get their allocation little by little over time instead of all at once.  This will assist in preventing mass token dumps by investors by ICO  ideal participants as well.

Mint: This is where individuals or companies can literally mint to their own tokens. Create your own coin on BSC, Ethereum, and on Polygon with no coding required and you can literally make any type of token you want;  an inflationary one, a deflationary one, rebase staking more, and this all fits into the launchpad ecosystem.

From idea phase to launch, a team would go through their token locks and liquidity locks, they would smart mint their own token and a launch on the launch pad with mint because the code is audited. Projects can significantly decrease development and audit costs and remove code-based risks such as secret minting features,  backdoors code vulnerabilities, attack vectors, and bad actor developers. You add all these things together, and the integration of these four Services offers a secure and safe environment to investors community HODLER stakers and team members by preventing team token dumps liquidity pools, and Rogue and risky minting. 

Shares
Continue Reading

Blog

How to find NFTs before they blow up? – A Comprehensive guide

Published

on

How to find NFTs before they blow up

People are making tons of money flipping NFTs, it’s one of the hottest attracting people in the crypto space right now.

Opensea trading volume has absolutely exploded and some users are making insane amounts overnight by getting in projects early before they blow up and trading them on secondary markets, but how do you do this?

In this article, I’m going to show you step by step how you can find NFTs before they blow up and actually get an edge that most people don’t have.

Find NFT projects before other people

Table of Contents

Introduction

NFTs are absolutely blowing up and people are making tons of money off this trend right now but how exactly are they doing it and what can you do step by step to try to follow this? Well, the strategy is basically this: you find new NFTs projects before other people, and then get on them before they blow up.

Of course, not every NFT is going to blow up overnight some of them go to zero but part of it is finding the project and then filtering through them and spreading your bets accordingly and getting in on these projects early, and then the price appreciates on secondary markets and then be able to sell the NFTs on a secondary market like opensea.io.

If you don’t know how to create and sell an NFT, refer back to our article: Free guide on how to create NFT and sell them on opensea.

How to get NFT projects?

There are two different ways to do this; you can get in on NFTs whenever they mint, so one really common way is that whenever new products launch, they have a website where they have some smart contracts, and they let you get a metamask wallet and go mint NFTs right at the start or you know if you miss the mint then you can find entities that are trading; you know early on opensea or a similar NFT market place and buy them before the price goes up.

Related  How do I start my crypto journey as a beginner?

But how do you do that, like how do you even find new projects? Well, a lot of people actually do this the wrong way, they spend all day on Discord servers or they look at Twitter all day they try to find new stuff but there are a bunch of problems with this:

  1. It takes too much time, you have to look at all this stuff, there’s way too much noise in these Discord groups and on social media. This massive problem of influencers often times getting opportunities before other people and then talking about them so they’re getting in a way before you, and then if you are following social media you’re late.
  2. There’s also this problem of you not necessarily knowing what they are holding, they might just say they bought something but you don’t know if they actually did and sometimes they’ll just buy stuff and never tell you about it.

So anyway, all this is what most people do and frankly, it’s the wrong way, let me tell you the right way to do this and how you can get an edge in this entire process of getting into NFT projects early.

Step 1

One of the coolest things about NFTs is that they trade on a blockchain and all the information for blockchains is totally public, you can know about every NFT that is out there, you can know about every single wallet that trades NFTs anytime an NFT moves on an exchange like opensea.io.

But there’s also this massive problem which is; there are millions of transactions per day on the Ethereum blockchain alone, this is the primary chain where people are trading high-value NFTs and doing mints and even that’s like way too much noise but you can actually get an edge on this because you can take all this information and generate actionable insights in real-time about the wallets they are buying, holding and selling anytime new NFT drops are happening.

Related  Why crypto is collapsing right now

There’s an application that will alert you not only for NFTs but also for cryptocurrency tokens and anything you can find on blockchain. It’s a massive game-changer.

Let’s jump into it, let’s talk about how to get an edge on NFT projects early, one of the easiest ways to do this is to look at what other people are doing as a starting point for filtering through all the opportunities on chain.

 Opensea.io NFT projects

Like I was saying before, there are tons of NFT influencers out there who are buying new collections, they’re minting them and selling them on opensea. Let’s start up with the first thing like what if you could find about anytime one of these influencers mints an NFT or trades an NFT? Well, I think you get an alert about it that in real-time.

Step 2

You can create an alert inside the application that lets you put an arbitrary name and you can put the addresses of the people you want to track even multiple people and you can set minimum amount of dollar you want for that transfer and once you save the alert you’ll find out about this stuff in real-time. You’ll see a digest of all the transactions that they get and then you can click on any of the links on display and start looking into those projects to see if that’s something you want to take action on.

Whenever you get one of these alerts you can just look at it on chain, you can actually look at the transaction here and see what it was. You’ll see if it is basically minting of a new NFT.

Related  PANDATRON REVIEW: IS PANDA TRON SMART CONTRACT SCAM OR LEGIT

This one way you can discover new projects by tracking what other people are doing in real-time and get notified about them.

Link to the Track application: https://nft.onchained.com

Step 3

You can also look at projects that are trending like new projects that hit the chain, that starts saying a significant amount of activity and know about those as well, that’s another way to find NFT projects basically as soon as they launch.

I am going to show you the way to do that inside the application.

Track NFT transactions

As you can see in the image above, there are tons of transactions like millions of transactions. I will look at their website and see who else is getting in on this project that I wanted to do so right now based on this I can look at the other tools because we track significant actors in the space and see what are they doing and currently I don’t see that anybody from that segment is actually depositing, maybe this project would pass on for the time being.

I can also look at other trending projects and see that we have one where a significant number of people from our segments are interacting with it and I can see what token it is.

Conclusion

Most people are going about this the wrong way they’re spending all this time on Discord, they’re are spending all this time on Twitter and still can’t cut through the noise, that is why this article is very important.

Thank you for reading, kindly share with friends, thanks!

Notice: We put a lot of hard work and research before writing this article, if you must copy make sure you link back with a do-follow link.
You will be reported to DMCA and other relevant authorities if you copy this article and ignore to link back to the original source.

Shares
Continue Reading

Blog

Metafi Yielders.com Review – Don’t join until you read this!

Published

on

Metafi Yielders.com Review

Is Metafiyielders.com a scam or the best that will make you an absolute fortune, let’s jump in and find out.

You are wanting to know if Metafi Yielders is a safe safe place to put your money or not. Let me give you a little bit of background, for four years now I’ve been involved in investing with stock market with private companies, with cryptocurrencies and so on.

Introduction

I’m not coming here from an affiliate perspective with Metafi Yielders. I’m coming here independently to give you some solid information that you can evaluate for yourself whether Metafi Yielders is a safe place to put your money.

If you are in a rush, jump through to the Red flag section using the table of content because I started with the soft warning flags first of all through to the seventh which is be a no-brainer for you to realize that Metafi Yielders is actually ponzi scheme and therefore a fraudulent scheme and the most likely scenario is that you are going to lose your entire money that you put into Metafi yielders.

What is Metafi Yielders?

Metafi Yielders is a cryptocurrency lending platform that you want to use to make money. Simply put, you deposit your cryptocurrency on the platform, choose a plan, and the company pays you a daily return of 1% to 3.3% on your investment.

Metafi Yielders website

“Profits Without Risk on the Crypto you Invest, stake, or transfer”.

“Investment team and a simple and secure platform to give you the most reliable returns on your investment.”

How does metafi Yielders work?

Metafi Yielders claim to pay investors from 1% to 3.3% every 30 business days. I claims to make you money by investing, staking and transferring, you are required to choose a plan and get started.

Metafi Yielders contact

Metafi Yielders provided the following contact details:

Related  PANDATRON REVIEW: IS PANDA TRON SMART CONTRACT SCAM OR LEGIT

Physical Office Address: 16 Jones Street, BLACKTOWN NSW 2148

Email: admin@metafiyielders.com

Facebook group: facebook.com/groups/metafiyielders

Discord group: discord.com/invite/9PsRuKaD8X

Telegram group: https://t.me/metafiyielders

Are these details true? Keep reading we will find out soonest.

Metafi Yielders Who.is Domain information

Metafi Yielders is registered on GoDaddy server, the domain was registered on the 16th of March, 2022 and it will expire on the 16th of March, 2027.

Metafi Yielders who.is details

The details of the domain registrar were hidden by DomainsByProxy.com.

Who is the owner of Metafi Yielders?

According to Metafi Yielders official youtube channel, the owner goes by the name Mr. Michael Daher. We will find out below.

7 Red flags of Metafi Yielders

Read this article carefully to educate yourself on how these scams work, I will run you through the seven warning signs (red flags) in Metafi Yielders that you should be aware of to keep your money safe.

Red flag 1

The first red flag we will look at is the video of the CEO below on an official Metafi Yielders Youtube video he stated at exactly 4:28 that Metafi Yielders has been working for 10 years.

Yet, their website metafiyielders.com was only registered on the 16th of March, 2022. This website is very new, either Michael is lying that they’ve not been doing it for 10 years or they decided that even with this incredible technology they wouldn’t bother registering a domain name until the 16th of March, 2022.

Red flag 2

Below is a youtube video where Mr. Michael is being interviewed and he explains that how many team members now have, again remember we’ve just seen that he said that they were going for 10 years and making potentially 3.3% per day on their yield farming, well if that is the case I guess you would expect to have quite a number of staff but let’s just see how many people they’ve got.

I’m shocked for real, did you just hear that? They are 7 people in the company including Mr. Michael.

Red flag 3

Look at where the actual hosting is located for the website, check the image below from hypestat.com.

Where is Metafi Yielders located

We asked where Metafi Yielders is located and it’s actually in Belize City, now this isn’t a massive red flag but it is still a warning sign because Belize is one of those areas of the world where it’s very difficult if regulators want to step in close down a website, tax elites also go there all sorts of problems so Belize is a warning sign.

Related  How to buy and make 10x profits with new tokens on Binance

Any company that is hosting in Belize, there are some pretty strong reasons to why they’ve chosen that location and usually those reasons would tend suggest that perharps they are operating illegally or outside the law and that’s why they want to remain difficult to close down when they host in a country like Belize.

Red flag 4

We’ve seen a lot of Videos from Mr. Michael The CEO or the self-proclaimed CEO and we’ve seen a long-term resident of Western Australia and yet they’ve chosen the company as 16 Jonesstreet blacktown, new southwales 2138.

That is the address on the official company website, if we do a simple google search on that website address we would see that this actually is a residential address not something you would expect. The image below is a bungalow Chalet type building not the sort of address you would expect for a legitimate corporate company that is going to be handling hundreds of millions of funds in cryptocurrency.

Metafi Yielders physical address

That address is nowhere near Perth Australia, it’s actually over in Sydney Australia and that gap between Perth and Sydney is huge and makes no logical sense whatsoever.

Red flag 5

Another red flag is that Metafi Yielders is already being promoted by people who are known to have promoted lots of scams in the past, you can make a search on youtube and see for yourself, look at these promoters past videos.

Red flag 6

Red flag number 6 is a major redflag, there are financial regulators around the world who are there to protect the consumers from scams, they’re not registered to be regulated with the SEC. We can tell from the traffic they’re receiving to their website. They’re are attracting huge American audience and anyone who is offering a financial investment scheme which would be securities in America, they are very strong.

Related  Top Crypto Niches for Blogging & Youtube

The CEO Michael openly admited that they don’t have any regulations and they wouldn’t get it either even though it is clearly an investment scheme. We can all see clearly that this is a ponzi scheme and nothing more than that.

Red flag 7

This is a logical red flag, the interest which Metafi Yielders offer does not stack up at all, let’s go to a compound calculator and actually run through some numbers, numbers which are realistic according to Metafi Yielders. Check the image below.

Compound calculation for Metafi Yielders

You can do this yourself by visiting thecalculatorsite.com and I’ve said we are going to start with an initial balance of 3.50. Now, that’s actually less tha you can put in with Metafi Yielders but I’ve chosen this number just to demonstrate the ludicrousy of what is going on here. So, if you could start with just 3.50 dollars and you have a daily interest rate of 3.3% you could compound that for 36 months that’s just 3 years and remember Metaphy had said they’ve been going on for 10 years now.

The compund calculation for 3.50 initial investment for 36 months is $257,297,352,437.72. That’s insane. This is actually the networth for the richest man on earth.

Conclusion

Protect your money from scammers like these at all cost, find legitimate platforms and processes where you can make perfect chance of good returns of your money.

Average Trust score

  • FINANCIAL SECURITY: 1%
  • WEBSITE QUALITY: 30%
  • CUSTOMER SERVICE: 5%
  • SOCIAL STATUS: 1%

Average weighted score: 37%

CURRENT STATE: PARTIALLY PAYING

Is Metafi Yielders legit?

Metafi Yielders is not a legitimate platform, stay away from this poor scam, you have to be very careful with it.

Is Metafi Yielders a scam?

Due to the obvious Red flags, we’ve exposed in Metafi Yielders, we have no option but to conclude that it is a scam, do not invest in it.

Thank you for reading our honest review on Metafi Yielders, If you have any questions or comments, you can leave them below in the comment section.

Shares
Continue Reading

Trending