Before we look at the fiasco of the FTX exchange and why it failed, it is important to understand the difference between what is a centralised vs a decentralised exchange. In a centralised exchange, wallets are eliminated when it offers a one-stop offering whereby there is no need for a middle man between the buyers […]
Last but not least is to reallocate your investment. When you’ve started trading and investing, you’ll notice over a period of time some currencies will do better than others. For instance, you’ve observed Bitcoin’s market and it has gone up whereas Ethereum has gone down, you can drag your funds to the higher currency market. […]
The fourth strategy is to start small and scale higher as you go. A lot of people assume you become instantly rich when you invest in cryptocurrency. However, that is not always the case. You don’t just become rich once you choose to invest in cryptocurrency. There’s a strategy and a learning curve to get […]
The next strategy is to invest in more than one cryptocurrency. It is not wise to invest all of your money into a single digital currency. A well balanced portfolio minimizes your risk as when you possibly lose on a cryptocurrency you own, you can still gain with the other ones you have. If you […]
The second strategy to invest is to spy on the market. What does spying on the market mean? Spying on the market means you are observing what is currently working in the crytocurrency market. What you want to specifically look into is: · What is the most sought after currency? · What is the value […]