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How to reduce Cryptocurrency Risks and Protect your Profits

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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  How to find new altcoins before they explode

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.

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– 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  100,000% APY massive crypto passive income

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.

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How much do cryptocurrency bloggers earn?

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How much do cryptocurrency bloggers earn?

If you are curious about a way to make cash as a cryptocurrency blogger, you are in the right place.

In this article, we’re going to talk about the diverse approaches by which you could earn an income through your writing.

We’ll begin by outlining the fundamentals of cryptocurrency and running a blog, after which we’ll circulate directly the diverse ways that you could monetize your content material. We’ll additionally offer a few suggestions for developing your target audience and creating top-quality content. So, if you are geared up to begin creating wealth as a cryptocurrency blogger, read ahead!

Table of Contents

What are cryptocurrency bloggers?

Not sure who the cryptocurrency bloggers are? They’re the people who write approximately about Bitcoin, Ethereum, and all matters cryptocurrency.

They may be specialists within the area or simply beginning out; however, one issue is certain: they may be obsessed with the topic. And as the recognition of cryptocurrencies continues to grow, so does the demand for nice content. 

So if you are contemplating beginning a cryptocurrency blog, you could guess that there may be lots of possibilities to make cash. 

Read: How much can I make as a blockchain developer?

How cryptocurrency blogs make money

Cryptocurrency bloggers can doubtlessly earn a number of dollars, depending on their level of information and the quantity of time they’re inclined to spend making money on their blog. For example, a few bloggers have mentioned earning up to $10,000 per month from their blogs. This is an outstanding figure, and it’s easily achievable with determination and hard work. However, it’s crucial to understand that this isn’t always the norm, and most cryptocurrency bloggers will now no longer make this form of cash.

The additional amount of cash a cryptocurrency blogger could make depends on the type of content they produce. For example, a few bloggers may be aware of the importance of supplying academic content, including tutorials and guides, at the same time as others may be aware of the importance of supplying information and analysis. 

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Educational content has a tendency to be more lucrative, as it may be offered at a better rate than information and analysis. Additionally, a few bloggers provide consulting offerings or create services associated with cryptocurrency, including buying and selling bots or software program tools, which can also be very profitable.

Who are the top earners within the field of cryptocurrency blogging?

So, you need to recognize how much cash you could make as a cryptocurrency blogger.

Well, it genuinely depends on who you ask. There are a few bloggers who’re creating a fortune, while others are nevertheless simply scraping by. But as a general rule, the more famous and well-respected your blog is, the more money you could assume to make.

There are some pinnacle earners within the area who are really worth mentioning. For example, David Genix from Davidgenix.com, John Biggs from TechCrunch is a writer, consultant, programmer, and former East Coast Editor. He writes especially about technology, cryptocurrency, security, gadgets, gear, wristwatches, and the internet. He is expected to have made over $500,000 from his blog in 2017. And David Seaman, who became a visitor at the Joe Rogan Experience Podcast as soon as it launched, has mentioned incomes over $100,000 in an unmarried month on his blog.

Obviously, those numbers depend on your visitors and how engaged your target market is. But if you are trying to make cash as a cryptocurrency blogger, those are the people you want to be following.

How much can a cryptocurrency blogger expect to earn?

You are probably wondering how much you might earn as a cryptocurrency blogger.

Unfortunately, there may be no clean solution to this query because it relies on a number of factors. For example, how famous your blog is, how regularly you post, and what kind of content you write will all have an effect on your earnings.

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If you need to maximize your earnings, I suggest posting often and writing engaging, beneficial content as a way to appeal to readers. You also need to recall accepting donations or promoting services in your blog.

Read: How to reduce Cryptocurrency Risks and Protect your Profits

What skills and expertise help with earning From a cryptocurrency blog?

You are probably wondering what capabilities and know-how assist with generating income from a cryptocurrency blog.

The most critical talent is manifest expertise in the cryptocurrency marketplace. This may be hard because the marketplace is continually changing; however, if you’re updated on state-of-the-art information and trends, you will be in an excellent position to provide insights and predictions that your readers will find valuable.

In addition to expertise in the marketplace, it is also critical to know how to write well. This approach is capable of expressing your thoughts truly and concisely. You do not want to be an expert writer, but being capable of expressing your thoughts in a manner that is easy for others to understand is critical.

Factors that affect cryptocurrency blog earnings

In addition to the type of content material you produce, there are numerous other elements that can have an effect on your earnings. For example, the scale of your target market is a critical factor. The larger the target market, the more potential there may be for making a living via marketing and promoting products. Additionally, the quality of the content material is likewise critical. If the content material is well-researched and engaging, it’ll entice extra readers and doubtless extra profits.

Finally, the quantity of time you’re inclined to put into your blog is likewise a chief factor. The more time you spend growing content material and selling your blog, the more likely you are to earn cash from it. Additionally, having excellent expertise in SEO (search engine optimization) allows you to grow your visibility and reach a bigger target market.

Finally, it allows for a few simple Internet improvement capabilities. This can be available on hand in relation to putting in place and dealing with your blog. Knowing how to code isn’t always necessary, but it may surely be a precious asset.

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

How to build a successful cryptocurrency blog

Building a hit cryptocurrency blog takes a number of years, but it may be pretty profitable both financially and emotionally. First and foremost, you want to be a professional at the topic. You have to have an organization’s expertise in the way the generation works, in addition to the state-of-the-art information and trends within the space.

Second, you want to be an excellent writer. This is critical for any sort of blog, but it is particularly critical in the cryptocurrency world due to the fact that there is a lot of complicated jargon. You want a good way to give an explanation for complicated standards in simple English (or whatever your blog’s language is).

Third, you want to be energetic on social media. This is how you will acquire new readers and develop your target market. 

Last, but not least, you want to be patient. It takes time to construct a hit blog. But if you keep at it and roll out first-class content on a regular basis, in the end, people will become aware, and you will begin seeing results.

Conclusion

So, in case you’re contemplating beginning a cryptocurrency blog or are already in the process of doing so, it is critical to understand what you may doubtless earn from it. The correct information is that there is the ability to earn a lot, but the amount you are making will depend upon some elements, including your blog’s reach, the quality of your content, and how you are capable of monetizing your blog.

At the end of the day, cryptocurrency blogging is an excellent way to make a few extra dollars and will even grow to be a full-time profession if you’re capable of constructing a huge and consistent following. Just ensure you put in the tough work and convey tremendous content, and you also have to be to your manner to earn an excellent profit out of your blog.

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Best 5 crypto coins that will go parabolic this year

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Best 5 crypto coins that will go parabolic this year

2021 was a breakthrough year for cryptocurrency market. We have seen how Bitcoin hits a new all-time high and altcoins like Axe infinity, Solana, Avax, BNB, and many others have had a very good run. 

Below are the best 5 crypto coins that will go parabolic this year:

1. Dot

 This is a knitted token of the Polkadot. It is a charted blockchain meaning it connects several different chains together in a single network, allowing them to process transactions in parallel and exchange data between chains without sacrificing security.

Polkadot coinmarketcap

It is currently the 11th cryptocurrency in the world, with a market cap of over 8 billion, with the emergence of web 3.0; Polkadot’s ambitious vision for web 3.0 aims to leverage blockchain technology to create a more private, decentralized internet. The founder of Polkadot in a recent tweet says treasury currently has 18,936,300 dots. So this is what happened in treasury and they want to spend this on your idea for building, improving, educating, and indeed anything else that the Polkadot governance believe is valuable. At this point, it is valued at $7.

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If Bitcoin becomes stable, we could see, a strong rally of about 2x to 4x in the second half of 2022. 

2. Fantom (FTM)

As it’s called, it is a direct acyclic graph, dark, smart contract platform providing decentralized finance services to developers using its own best consensus mechanism. It is a proof of stake token which in fact exists in several connections. It is currently the 55th currency, with a market cap of over 4 billion US dollars. Fantom aims to solve problems associated with smart contract platforms, especially transaction speed, which the developer says they have reduced to under two  It’s in-house POS token. 

Fanthom coinmarketcap

FTM forms the backbone of transactions and allows fee collection has taken activities along with user rewards. Few weeks ago, fantom and 123 Swap announced a new partnership. Being part of the 123 Swap ecosystem should raise the viability of fantom and make it more attractive as a potential asset involved in the swap. At this point, FTM is valued at $0.338.

If bitcoins become stable, we can see a strong rally of about 2x to 5x in the second half of 2022.

3. Chiliz

Chiliz is the token of project seed, a  triple-A game studio building mobile-focused blockchain gaming ecosystem that utilizes mostly blockchain and integrates governance gamefi and NFT. Chiliz token use cases include all in-game transactions, staking to receive various benefits,  4.0 governance vote to determine the project developments, and three on-chain key elements including NFT, Defi, and DAO.

Chiliz coinmarketcap

There are two types of NFT marketplace on Project seed which include P2P and rental marketplace. It has a market cap of over $39 million at this point, Chiliz is valued at 0.11 dollars.

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If Bitcoin can become stable, we could see a rally of about 4x to 7x in the second half of 2022.

4. Band protocol

BAND protocol is a cross-chain data oracle platform, but it’s able to take real-world data and supply it to the on-chain applications while also connecting API to smart contracts. So, facilities exchange information between on-chain and off-chain data sources. It’s has a market cap of  $164 million.

Band protocol coinmarketcap

Band protocol is essentially designed to be faster and more efficient than competent or a good solution. And it’s also compatible with most blockchain and smart contract development frameworks ensuring reliable data can be fed to and from multiple different blockchains. It offers extremely simple contract integration, allowing developers to begin using data from bank protocol Oracle with a few lines of code by calling on a predefined interface.

At this point, BAND  is valued at $1.63. If Bitcoin becomes stable, we could see a strong rally of about 2x 6x in the second half of 2022.

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5. Mana

It is one of the leading Metaverse projects, a virtual reality platform powered by Ethereum blockchain that allows users to create, experience, and monetize content and application. In this virtual world, users purchase plots of land that they can later navigate, Build upon, monetize have parties in, call their friends to see their houses, and all that.

mana coinmarkcap

It is also one of the growing numbers of projects to use a decentralized autonomous organization structure for governance decisions. It has a market cap of over $5 million and ranks 29th according to coinmarket cap.

At this point, it is valued at $0.9782  and if bitcoin becomes stable, we could see a strong rally of about 2x to 6x in the second half of 2022. 

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PANDATRON REVIEW: IS PANDA TRON SMART CONTRACT SCAM OR LEGIT

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Smart contract Logo

In this Pandatron smart contract review I am going to tell you everything you need to know about the business and how it works in the following headlines:

  • What is Pandatron? 
  • Does Pandatron have a product or service?
  • How does Pandatron smart contract work?
  • How to earn huge in Pandatron Smart contract?
  • Pandatron unique features
  • Who is behind Pandatron smart contract project?
  • Is Pandatron smart contract scam or legit?
  • How to register on Pandatron smart contract?
  • Conclusion
PANDA TRON LOGO

Table of Contents

What is Pandatron smart contract?

Pandatron smart contract is a crowdfunded decentralized matrix project specifically designed to stimulate a global relocation to the crypto ecosystem by offering newcomers a seamless introductory experience. It is nothing more than a payment gateway that facilitates peer-to-peer commission payment between its program participant that is going to be launched by December. 

Does Pandatron have a Product or Service?

After my in-depth look into Pandatron smart contract, I discovered that it has no product or service, unlike other MLM businesses. But don’t be dismayed that is not a guarantee that it is a scam or not yet so keep reading on to see how Pandatron works before you draw into conclusion.

How does Pandatron work?

Pandatron works like a classic matrix. The matrix consists of slots that do not expire and the circles repeat by filling the matrix with investment, and the only way you can fill the matrix is simple.

It is based on referral bond (bringing in more people) and your referral follows you in each slot. Pandatron has a complex compensation plan because it makes use of two matrix program; P4 and P5 just like Supersage, Fortron, and the likes of Forsage.

In that case we will take a look at how Pandatron works in the next subheading which is Pandatron compensation plan.

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Pandatron compensation plan

Recall that I said that Pandatron make use of two matrix programs, they are:

  • P4: Here you have one line with 3 empty slots.
  • P5: Here you have 1 lines with 6 empty slots.

Upon registering on Pandatron you have the 2 programs (P4 and P5) open to you at once, and each of these programs has 15 slots. The profit you will earn from them are different (with a variation of x2).

The first slot in each of the program cost 60 Tron (TRX) for P4 and 50 Tron (TRX) for P5. But it is not in your power to choose whether or not to buy PANDATRON P4 and not PANDATRON P5. The system has been designed in a way that you buy both upon registration.

And that’s why the registration fee to join PANDATRON is 110 TRX worth $13. 60 Tron (TRX) for P4 and 50 Tron (TRX) for program P5 amounting to 60 Tron (TRX) + 50 Tron (TRX)  = 110 Tron (TRX).

So the big talk here is that you get registered into Pandatron two programs once, same as the rest 14 empty slots (levels) you purchase them simultaneously and of which they will all grow in accordance.

Let me cite an example to make it clearer as usual.

For instance. John registered on Pandatron with 110 Tron (TRX) and he referred Jane, that is 100% of Jane’s registration fee will be paid directly to John’s wallet and also Jane will be placed under John.

And then John now registered James under him, a 100% of James registration fee will still be paid to John.

And if John registers his number 3 person, let say the name of the person is Bola. John gets a 100% commission to his wallet BUT John has opened another slot automatically on Pandatron. And John will continue to earn from this 3rd slot that has been opened.

So it is possible for John to earn passively from Pandatron even if he stops referring people to the system. And that’s what makes Pandatron a better option in smart contracts MLM business.

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You don’t refer, you still earn. I hope you are not lost.

For P5:

Now, John can fill up all the spots in P5 either by:

  • Direct referrals of new participants or
  • By spillover


But then, You must know that in Pandatron you can continue to profit from your partners even without referring anyone to the system. It is just like a passive income stream.


So, if you’re conversant with cryptocurrencies, you’ll know that any cryptocurrency that finds its way into your wallet is yours. It can’t be removed unless maybe, someone else has your wallet details.

Pandatron unique features

How to earn huge in Pandatron smart contract?

The only secret to earning huge in smart contract MLM business is building your team and opening highers slots.

Pandatron unique features

Every smart contract MLM business out there claims that their system has solved global spills which ended up being unreal as one has to build their partners to earn more. We hope the unique features of Pandatron smart contract is as real as they stated.

Below are some of the unique features presented by Pandatron smart contract:

No Direct Referral necessary: You do not need to get referral before you can earn because of our power global spill.

Global Matrix Logic: Worldwide system solves the issue for referrals. There is Global spill for Non-referrals.

Global Competition: Global Prize set in place for team with highest earning.

Auto Referral Bonus: Get referral bonus on all 30 slots.

Infinite Re-invest on all levels: Get auto re-entry into all slots forever.

Auto Upgrade on both P4 & P5: Get auto re-entry into all slots forever.

Pandatron Features

Who is behind Pandatron smart contract Project?

Well, it is certain that Pandatron smart contract provides no information of its owners. Pandatron website domain was registered on November 5th, 2021. But that is not really a determinant to whether it’s a scam or legit contract.

Is Pandatron smart contract scam or legit?

It is up to you to decide after reading through my honest review whether Pandatron smart contract is a scam or legit business, anyways you might want to weigh the PROS and CONS of the Pandatron smart contract business.

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Pandatron smart contract PROS

  • It is Built on the TRON blockchain.
  • It is 100% Decentralized meaning no admin is involved.
  • No withdrawal request required because payments are automatically transferred to individual wallet directly.
  • Instant Member to Member Payment directly to your wallet by smart contract
  • It is Impossible to Hack.
  • Impossible to Scam
  • Little or no Risk involved
  • With only 110 (13$) ONE TIME startup cost.
  • Earnings from various levels are paid directly into your Pandatron wallet by the smart contract.
  • This is not MMM and it is not PH/GH type of platform
  • It is binary level earning system.
  • It is 100% open source smart contract system.
  • You still profit from spill over investment if you dont have referal


Cryptocurrency in the simplest of terms is just digital currency You’ve heard of some of them. Like, Bitcoin, Ethereum. Now, these currencies unlike your regular currencies (Dollar, Euros, Pounds, Naira, etc) do not have a controlling agency. Say, a central bank or some other agency that regulates them.
They’re decentralized, meaning no one person has control of it the value of these coins increase as their demand increases. Just like your regular currencies. Whenever people use or buy them, they increase in value.

Pandatron smart contract CONS

  • You need to build a team or join a strong team to earn huge.

How to Register on Pandatron?

Download Tronlink Pro or Trust wallet or any cold wallet app that supports Tron Blockchain Dapp fund it with 110 Tron (TRX) wait ahead of its launch. Start building your team. 

Conclusion

I am quite sure after reading through my Pandatron honest review you are clear that the business is legit, and it can transform you into a millionaire, So what are you waiting for get started. If you have question(s) do not hesitate to drop in the comment section.

For more information; visit pandatron.io or download their compensation plan.

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