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By XTRAVAGANZA · Posted
Crypto can be a fascinating but overwhelming world, especially for beginners. Here's what I'd recommend: 1. Education is key! There are tons of resources available online, but picking reputable ones is crucial. Here's a great starting point: Bitget Academy: https://www.bitget.com/ This free online academy from Bitget Exchange caters to both beginners and experienced users. They offer courses on various crypto topics, making it a great place to build your foundation. 2. Familiarize yourself with the basics: Learn about different cryptocurrencies, blockchain technology, wallets, exchanges, and key security practices. 3. Start small and invest what you can afford to lose: The crypto market is volatile, so it's wise to treat it as a long-term investment and only invest what you're comfortable losing. 4. Consider using a user-friendly exchange: Bitget, for example, is known for its user-friendly interface and features that can be helpful for beginners. 5. Don't rush into anything: Take your time to learn, research projects thoroughly before investing, and never invest based on hype or FOMO (fear of missing out). There are many resources out there to help you get started, and Bitget Academy is a good first step. Feel free to ask any specific questions you might have along the way. -
By XTRAVAGANZA · Posted
You've got a valid point about volatility in the crypto market. It is true that some tokens can dip right after listing as early investors take profits. Selling pressure can temporarily outweigh buying pressure during this initial phase. However, focusing solely on price swings can be short-sighted. Strong projects with good fundamentals (like real-world use cases) and utility often see price increases over time. Here's another factor to consider: Do your research: Look beyond the hype and understand the project's purpose and potential. Take Bitget's native token, BGB, for example. If you research its use cases within the Bitget ecosystem and its overall strategy, you might feel more confident about its long-term prospects. The same logic can apply to BWB and other projects. Cryptocurrency is inherently volatile, so some dips are to be expected. But for projects with solid foundations, these dips can be opportunities to accumulate at potentially lower prices. -
Ahh the joys of trading WTI. The past few days have been interesting. Prices have risen 3%+ since Monday 17th June. The movement is principally price manipulation and speculation. It sometimes happens when traders take time off for a conference, or even taking a few days off for Juneteeth. The price has moved on very LOW volumes. The fundamentals of the oil market are being ignored, as hey who needs fundamentals when a rumour will do? Price action in of itself is a good thing, right? Unfortunately, the price of Oil is dictated by fund managers, a few trading houses (Glencore, Gunvor et al), in house proprietary trading from Oil companies themselves and countries and companies selling their Oil on the open market. Oh and a few thousand speculators, trading on leverage. Currently the market is being moved by speculation and vested interests(proprietary trading companies). The fundamentals are that there is enough oil. Demand is slowing down long-term, vehicles are more efficient and current demand is not as strong as envisaged, due to the state of the real economy. There is plentiful storage. Dare I even say, were certain large oil producers (Libya, Iran, Venezuela) allowed to modernise and produce as much as they are able, the price of oil would be very much lower than currently. But no one wants that, heaven forfend! But there is a Cartel called Opec and their friends (ish) like Russia who conspire to maintain the high cost of oil. It's understandable. Looking after themselves is the main motivator. And fairness is neither an equitable nor desirable word in the Oil business. After all, it is a business based wholly on exploitation. I digress, back to today and the price of Oil. Very low volumes and big price action strikes me as dubious. It's happened before. Doubtless will again. Be aware prices can come down as well as up, without provocation or logic.
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