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2023-01-20 16:04:20 If cryptocurrencies were your relatives, then Bitcoin would be your great-grandfather, and Cardano would be your son.

Bitcoin is called the currency of the 1st generation, and Cardano goes to the 3rd generation of coins.

Cardano is a blockchain platform that can be used to build smart contracts, and in turn, create decentralized applications and protocols.

ADA tokens are used to pay transaction fees on Cardano. They can be staked to earn rewards.

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More than 1100 projects are built on Cardano

Cardano is going to issue a stablecoin, which might bring a new wave of investments into the project.

The project has a lot of great partnerships which use the chain, including DeFi and NFT.

Provides safety and scalability through its unique 2-layered architecture (allows you to speed up work by reducing the transmitted information during transactions and other benefits).

Lots of competitors in the same space.

You can't mine ADA.

What do you think about Cardano? Open / Comment

2023-01-19 18:16:12 Overtrading — this is an excessive activity in the crypto world, when you open or close too many positions, or make an excessive volume of transactions, or succumb to excessive emotions.

A trader usually risks more money than he can afford in the hope of making up for the loss. Overtrading leads to a lot of anxiety, which in turn can lead to more mistakes and overall failure as a trader.

Reasons for overtrading

newbies traders think that trading is a casino.

Trading is not luck. If you take risks and do not use strategies, then you will fail.

impulsive behaviour.

The most experienced and successful traders always have a well-thought-out trading plan.

you are overconfident.

Any trader should know that it is normal to take losses at some point.

trying to bounce back after failure.

The best solutions would be:

1) diversify your investment portfolio.

2) base on analysis and strategy;

3) develop a trading schedule;

4) prepare a personal trading plan.

Trade smart on LocalTrade Open / Comment

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2023-01-17 20:12:43 DCA (dollar-cost averaging) — is an investment strategy that involves purchasing crypto at regular intervals, whether the price is high or low. DCA strategy allows you to reduce your average purchase price.

How to use DCA strategy

For example, you have an amount you want to spend on investing in cryptocurrency. But you don't know how to spot an entry point. So you should divide the amount into equal parts for each week of the year and invest this amount regardless of the course.

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Advantages of DCA:

you can buy assets at an average price during the year;

you can fix income when prices change;

you can adjust the strategy depending on the market situation.

What is your opinion? Open / Comment

2023-01-16 22:30:14 Stablecoins are your parachute while flying on a crypto Boeing
There is always a risk that the parachute will not open, but in case of stablecoins, the chances of failure are miserable.

Stablecoins are cryptocurrencies with low volatility, which makes them ideal and the safest crypto to invest in.

Fiat-backed tokens have the backing of a fiat currency such as dollar or euro (or the other fiat) and their prices are almost not affected by market volatility.

Crypto-backed stablecoins actually have an airbag: i.e., they are generally over-collateralized for absorbing price fluctuations as collateral.

Commodity-backed stablecoins pegged to gold or precious metals prices. They are centralized, which protects them from market volatility.

Algorithmic ones use an automatic computer algorithm. If their value grows, the computer program issues more tokens; if it falls too much, it will reduce the supply.

Buy stablecoins on LocalTrade Open / Comment

2023-01-11 20:06:46 Cryptocurrencies and stocks have as many common things as the FIFA World Cup and Wimbledon

Cryptocurrency:

The market value of crypto is determined by supply and demand. Investments in crypto do not imply ownership of a share of the project.

The good thing is that when you buy coin or token, you become the sole owner.

Cryptocurrency price is more volatile, but it provides more opportunities for diversification and is ideal for short-term investments.

If an investor wants to get passive income, he can try staking, farming or crypto lending.

You can buy crypto at any time of day and night in an exchange you prefer.

Stocks:

Stocks imply partial ownership of equity in a business and reflect its market value.

Most of the stocks are bought with the help of brokers, so the broker actually owns it.

Are suitable for the long term in low volatility conditions.

Stock markets operate with limited opening hours on weekdays.

What will you be investing in 2023? Open / Comment

2023-01-10 14:16:43 Crypto analysts are optimistic about the future despite the fact that the fall of the FTX knocked down the crypto market (especially painful it was during the crypto winter).

According to CoinMarketCap, since the beginning of 2022 the crypto market capitalization has collapsed from $2,3 trillion to $800 billion.

Some experts think that the cryptocurrency sector has been spoiled by excess liquidity during the pandemic. Some experts think the world of blockchain is over. But where is the truth? Will Bitcoin hold the leader’s position? It seems, that crypto market is recovering and Bitcoin price is recovering with it

Last year there were 338% more transactions with Ethereum (408.5 million) than with Bitcoin (93.1 million). So the Ethereum blockchain overtook bitcoin in total transactions in 2022.

At the same time, Cardano overtook Ethereum and now is in the 1st place in the ranking of protocols in terms of development activity.

Are you buying the dip or prefer to watch the market?

Buy crypto Open / Comment

2023-01-06 15:14:46 Only 12 people have been on the Moon.

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To Stake Open / Comment

2023-01-05 13:17:11 Do you know how to read trading signals or you buy them?

Trading signals are recommendations to buy, sell or hold an asset based on market analysis.

They identify trading opportunities and help to understand when to open/close a trade depending on the asset, its price and the set time. Trading signals can be free or paid.

Especially they are helpful for non-professional traders who need help analyzing market trends.

How to get crypto signals:

learn technical analysis;

use cryptosignal-services and platforms;

get the help of professional traders.

Discover +100 trading pairs Open / Comment

2023-01-04 13:54:57 The Simple Moving Average (SMA) is an important and useful technical indicator that every trader should know.

The SMA determines which price movements are short-term and which are long-term. Thanks to these indicators, you can clearly see the main trend in the market.

The value of SMA periodically needs to be recalculated and the oldest indicators removed.

You can use the SMA indicator to generate trading signals.

Share in the comments how do you define trading signals? Open / Comment