what is the blockchain

On the surface Blockchain technology seems impossible to understand, with

any definition typically accompanied by a load of jargon. However, if we take a
step back and look at Blockchain technology in simple terms, it becomes far
easier to grasp.

The Blockchain is a database that gets distributed to every computer on the

network, instead of connecting to a central server. This is advantageous be-
cause it makes the Blockchain near-impossible to take down. The database
contains the data from every transaction that takes place on a network, every
time a new transaction occurs it gets added to the database.

These lists of transactions are separated into manageable “blocks”, which

each contain a transaction timestamp and a link to the previous block. Be-
cause each block has to be validated by every computer on the network, it
makes it impossible to falsify a transaction, resulting in a tamper-proof ledger
containing every transaction to ever take place.
Improve your crypto language

😱 FUD = Fear, Uncertainty & Doubt.

😭 FOMO = Fear Of Missing Out.
💪 HODL = Hold on For Dear life.
🌕 MOONING = Price Going Up High.
💪 FIAT = Government Issued Currency.
🐳 WHALE = Someone with A Lot Of Crypto.
🐂 BULLISH = Expecting the Price Go Up.
🐻 BEARISH = Expecting the Price Go Down.

🍴 FORK = When An Existing Blockhain splits into two seper-

ate blockhains
🏙 ICO = Initial Coin Offering. A Type of Crowdfunding.
🚀 ATH = All Time High. The Highest Price That The Coin Has
💸 Reached.
ALTCOIN = Alternative Cryptocurrencies Launched After
Bitcoin.
🏎 WHEN LAMBO? = Used When Wondering When An Asset
Will Cost Enough To Buy a Lamborghini.
🕵 PUMP & DUMP = A Scheme For A Manipulative Price In-
crease Followed By A Collapse.
How to invest in cryptocurrency:

Before diving into how to invest in crypto, let's understand

why it's worth considering:
Investing in cryptocurrency offers several benefits,
including the potential for high returns, diversification,
access to emerging technologies, global accessibility,
decentralized nature, inflation hedge, and innovative
opportunities. However, it's essential to be aware of the
risks involved, such as volatility, regulatory uncertainty,
cybersecurity threats, and market manipulation

To invest in cryptocurrency, follow these simple steps:

1. Understand cryptocurrency and market trends.

2. Choose a reliable exchange.
3. Create and secure your account.
4. Deposit money into your account.
5. Buy and sell cryptocurrency.
6. Monitor your investments and spread them out.
Here's how to deposit in INR and convert it
into crypto using WazirX:

Step 1: Sign up on the WazirX platform.

Step 2: Set up your account security by verifying your email
address.
Step 3: Complete the KYC process.

Here are details:- https://wazirx.com/blog/how-to-buy-bitcoin-in-

india/

There are 2 types of cryptocurrency exchange - CEX & DEX.

Let’s learn about both and their functionality.

Centralized Exchanges (CEX):

CEX are like traditional banks for cryptocurrencies.
They're run by companies and have centralized control.
You need to trust them with your money and information.
Examples include Coinbase and Binance.
Decentralized Exchanges (DEX):
DEX are like peer-to-peer markets for cryptocurrencies.
They're decentralized, meaning no single company controls
them.
You trade directly with other users, which can be more private
and secure.
Examples include Uniswap and PancakeSwap.
Best CEX includes Binance, Bybit, OKX, KuCoin, and a handful
of others. But as these international crypto exchanges are not FIU
registered, some of them are facing difficulties operating in India.
However, Bybit is still accessible for Indian users

Best DEX: There are multiple good decentralized exchanges

available:
1. Uniswap: Leading Ethereum-based DEX known for a user-
friendly interface and high liquidity.
2. PancakeSwap: Binance Smart Chain DEX offering fast, low-
cost transactions and DeFi services.
3. GMX: Polygon network DEX with low fees and fast
transactions, focused on scalability.
4. 1inch Exchange: DEX aggregators sourcing liquidity for best
rates across multiple protocols.
5. Curve Finance: Specialized in stablecoin trading with low-
slippage liquidity provision.
6. dYdX: Ethereum-based DEX offering advanced trading features
including margin and spot trading.

Here are some links to tutorial videos for you to check out and
better understand the topic
Metamask tutorial:- https://youtu.be/rLt1G8A5d50
Phantom Wallet Tutorial- https://youtu.be/uYR1xbgUeuw
IDENTIFYING SECURE CRYPTOCURRENCIES:

Identify secure cryptocurrencies by examining:

1. Market Capitalization: Opt for those with substantial market

capitalization, indicating greater stability.
2. Technological Strength: Select cryptocurrencies with robust
and innovative technology to ensure safer investment choices.
3. Community Backing: Prioritize cryptocurrencies with strong
community support and widespread adoption, enhancing their
safety profile.

Examples of Secure Cryptocurrencies: Bitcoin (BTC), Ethereum

(ETH), Binance Coin (BNB), Solana (SOL), among others.

security tips for crypto traders:

1. Use a secure wallet.

2. Enable two-factor authentication (2FA).
3. Beware of phishing attempts.
4. Keep software updated.
5. Use strong, unique passwords.
6. Secure your private keys.
7. Diversify investments.
8. Stay informed and educated.
9. Avoid public Wi-Fi for transactions.
10. Monitor accounts regularly for suspicious activity.
What are meme coins and which ones are better?

Memecoins are cryptocurrencies primarily created as a joke or

meme, often based on popular internet trends or memes. They
typically lack fundamental value and are driven by community
enthusiasm and speculative trading. While memecoins can
experience rapid price increases due to hype and social media
attention, they also carry high levels of risk and volatility. Some
of the famous memecoins include Dogecoin, Shiba Inu, Pepe,
Bonk, and Meme.
 Why is Bitcoin So Volatile?
Up 15% today, down 10% tomorrow. Bitcoin volatility is one of the
scariest things a cryptocurrency trader can experience.

Bitcoin volatility
👉 What causes the price of Bitcoin to fluctuate? Well, a lot of it has to do with
the uncertainty surrounding Bitcoin's future. As a new technology, Bitcoin is
yet to prove itself, the problems it aims to solve are big and there’s not a
whole lot of real-world data to say definitively if Bitcoin can solve them.

👉 Because nobody can predict the future of BItcoin, investors get easily swayed. a
negative news story releases and people think Bitcoin is dead, a bil-
lionaire tweets his support and the price shoots sky-high.

👉 Should you be concerned about Bitcoin’s fluctuations? Although it’s true

volatility can be scary, when used correctly it allows you to take your trading
game to the next level.
what is a bull or bear market

A bull market describes the con- A bear market describes the con-
stant rising of a crypto market. stant falling of a crypto market.
Per definition,the market generally Per definition, the market generally
increases by at least 20%. decreases by at least 20%.

When you open a BUY POSITION, When you open a SELL POSITION,
you are said to be BULLISH. you are said to be BEARISH.

BULLISH CANDLE BEARISH CANDLE

BULLISH TREND BEARISH TREND

Cycle of Crypto Trader Emotions
👉 In cryptocurrency, managing your emotions well can be the difference be-
tween making thousands and losing everything. Every trader goes through a
cycle of emotions, when everything is green and the market is in your favour
you’ll become elated and euphoric, when it begins to drop anxiety and fear start
to take hold, culminating and intensifying as the price continues to fall until you
reach the and find anger and despair.

👉 Where along this cycle would you sell? You might be thinking “just as anx-
iety and fear take hold”, after all, this would shield you from any large losses. In
reality, that’s already far too late, it’s better to sell at peak happiness, right when
your investments are hitting all-time highs.

👉 A period of extreme growth is almost always followed by a dip, which

would allow you to buy back in, increasing your position size. Once you master
your emotions you can trade without bias, putting you on the path to becoming
a professional trader.
Thanks for reading! Share with beginner friends and
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