Tips Every Cryptocurrency Investor Must Know Training Ppt

Slide 1

This slide lists tips for investing in cryptocurrency. These are educate yourself, prepare for volatile markets, purchase the dip, choose a legitimate trading platform, secure your accounts, Be aware of the risks associated with ALT coins, avoid FOMO, be wary of fraudsters, invest in more than one cryptocurrency and start small and scale your way up.

Slide 2

This slide states that to benefit from cryptocurrency investment, you must first understand what you are entering into. Blockchain technology powers Bitcoin, the most valuable cryptocurrency, by market capitalization. The underlying technology here is blockchain, which has real-world applications.

Slide 3

This slide highlights that extreme volatility distinguishes the cryptocurrency market from other markets. Due to the rapid changes, cryptocurrency is a 'high-risk, high-reward market. In May 2021, the value of Bitcoin fell about 30% in a single day. As an investor, you must be prepared for both pump and dump scenarios. Focus on cryptos with solid fundamentals to avoid confusion based on the eye-popping volatility that marks these markets.

Slide 4

This slide describes that purchasing the dip is critical to increasing your profits. Avoid investing in cryptocurrencies that are already on the rise. Put some money in once and concentrate on DCA (dollar-cost averaging) when the price falls further. DCA is a straightforward investing method in which the total money invested is divided over multiple entry points.

Slide 5

This slide states that cryptocurrency exchange is a platform for buying and selling cryptocurrencies. The industry is inundated with crypto exchanges claiming to deliver the best services. Determining the authenticity of a trading platform is critical. Visit their website, look at their team structure, and double-check the information on the internet. Check the exchange's trade volume as well.

Instructor Notes:

Some of the most trustworthy and extensively used exchanges include Binance (28.5M+ users), FTX (10B+ daily trading volume), Huobi (running in 170+ countries), Kucoin (10M+ users, 207+ countries), and WazirX (10M+ users, India-based, supported by Binance).

Slide 6

This slide highlights that you are responsible for protecting your money when you join any crypto exchange. Enabling 2FA will help secure your account. Never give anybody your private keys, or verification code. Stay away from signing in to your account from a public network, such as an office or a hotel.

Slide 7

This slide describes that there are 10,000-odd cryptocurrencies in circulation, but only a few have real-world applications and a considerable trading volume. For a start, you should concentrate on token utility, real-world acceptance, large trading volume, and consistent growth over time.

Slide 8

This slide highlights that FOMO is an abbreviation for "Fear Of Missing Out." The cryptocurrency market is packed with chances, and unexpected price increases are common. Instead of following every pumping token, concentrate on some solid investing prospects. Keep a safe distance from people forecasting the future of tokens.

Slide 9

This slide highlights that scammers are constantly looking for opportunities to steal investors of their investments. Be wary of false airdrops, pump and dump scams, and indications from social media handles. Scammers have also taken to setting up fake websites to defraud investors.

Slide 10

This slide lists that It is not good to put all of your money into a single digital currency. Even if you a bit in some of your cryptocurrencies, you may still profit from the others. A well-diversified portfolio is less risky.

Slide 11

This slide states that many individuals believe that investing in crypto can quickly make you wealthy. This is not true; there is always a plan and a learning curve involved. There should be no FOMO (Fear of Missing Out).