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Articles

What is DeFi in simple words

DeFi is a relatively new concept in the cryptocurrency space. This English abbreviation stands for Decentralized Finance. Basically, the DeFi realm is the same services as classic finance. They are provided in cryptocurrencies and built on crypto protocols and smart contracts. In the DeFi sphere, you can do the same actions as in CeFi (centralized finance), but faster and cheaper....

What is PNL – How to Calculate When Trading on Binance Crypto Exchange

Trading cryptocurrencies on the exchange provides an opportunity for regular profit, but also carries high risks of losses. Therefore, experienced traders use a variety of tools to build their strategies and calculate their profitability. And PNL is one of the most important indicators that allows you to measure profit and loss in order to correctly evaluate the results of a...

Investing in cryptocurrencies (FUD, FOMO, HOLDING)

In this article I will consider what a holding is, how to make decisions regarding cryptocurrency, what is FOMO / FUD. I will tell you about the bad investment experience of one of our readers. Basic principles of investing in crypto The whole investment process will be based on some basic principles. Without which of them, it will be very...

What determines the Bitcoin price?

When deciding to buy cryptocurrency, investors try to estimate the Bitcoin price in the future. In this article, I will tell you what factors affect the price of bitcoin. And also what trends should be monitored in order to predict the rise (or fall) of the currency. Bitcoin is the main, first and most famous cryptocurrency that appeared in 2009....

What is mining?

The entire cryptosphere is strongly associated with the concept of “cryptocurrency”. Cryptocurrency is most often mined as a result of mining, except for stablecoins and centralized currencies. Mining is one of the key concepts in the cryptosphere. In this article, I will analyze what it is, who are miners and what role they play in the life of crypto projects....

Cryptocurrency investment portfolio

Cryptocurrency investment portfolio is the main task of the crypto investor. A sensible approach to investing will allow you to provide yourself with good returns and at the same time not worry during drawdowns. In this article, we will analyze the basic principles of building a cryptocurrency portfolio and tell you what to look for when choosing cryptocurrencies. Basic premise...

Should you invest in Dogecoin (DOGE) now?

Since the beginning of the year, Dogecoin cryptocurrency has grown from $ 0.004 to $ 0.42 apiece, i.e. has risen in price 10500 times. The coin, fueled by Elon Musk’s tweets and the crowd effect, has already made many people millionaires. Although critics say that there is nothing behind it, and soon Doge “will fall into the Mariana Trench instead...

Investment in Ripple

For the Ripple token, as well as for the entire company, the end of 2020 cannot be called successful: the whole story with claims from the SEC managed to get on the nerves of both the company and XRP holders. The XRP price in December 2020 fell to $ 0.2, but at the end of May 2021, against the background...

USDT and its role in cryptocurrency trading

USDT is a stablecoin issued by Tether Limited. For this company, USDT is the most popular and most famous token (there is also the euro token and the yen token), therefore, in the cryptosphere, USDT is often called Tether. Stablecoins are digital currencies, the rate of which is rigidly pegged to fiat currencies, for example, the US dollar or the...

What is Ethereum in simple words

The history of Ethereum dates back to 2011, when a young programmer Vitalik Buterin became interested in blockchain technology and Bitcoin. Buterin presented technical documentation on Ethereum after 2 years and spoke about its capabilities and areas of application. It should be said right away that two different concepts and two names should be distinguished. Ethereum is a blockchain and...