Tag: Bytex
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The Bullish & Bearish Crypto Markets
Investing takes time and effort. You may do everything right, but circumstances beyond your control can see the market rise meteorically or crash spectacularly. Bullish markets are when investors are optimistic and stock prices are rising. This is typically characterized by strong economic growth, low unemployment, and increasing corporate profits. On the other hand, bearish…
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Top 6 Cryptocurrencies to Keep an Eye on in 2023
Small investments in cryptocurrency can pay off handsomely if made at the appropriate moment, but only if the buyer is prepared to take on the associated risks. With the cryptocurrency market seemingly on the verge of a comeback, you are undoubtedly thinking about rebalancing or starting your cryptocurrency investment portfolio. In a market with over…
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How to Invest in Crypto — A Beginner’s Guide
When it comes to finances, chances are you’ve heard about cryptocurrencies. Because of the growing interest in crypto assets, governments throughout the world are adopting policies that benefit this emerging sector. Although risky, crypto continues to attract capital because of its huge profit potential. But before you explore how to start investing in cryptocurrency, let’s…
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Strategic moves you can make with NFTs in 2023Strategic moves you can make with NFTs in 2023
Over the past years, NFTs have exploded into the mainstream media as high-profile individuals experiment with them, and several controversies, scams, and lawsuits have followed suit. While it is hard to say whether or not their popularity will continue to climb, there are still plenty of good reasons to give this market a go. To…
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How to be on the Lookout for Rising Crypto Scams
The cryptocurrency sector is no stranger to scams and fraud. Even though cryptocurrencies are a relatively new concept in finance, many scams involving cryptocurrencies rely on old ways of trickery and deceit. These can take many forms, including fake exchanges, social engineering scams, NFT scams, and much more. Whether a Bitcoin scam or a more…
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Cryptocurrency Index Funds — a better alternative to trading?
There are currently over 20,000 cryptocurrencies available, making it difficult to know which ones to put your money in. You can always risk it, as high risks often provide high returns. However, what if you put in more money than you can afford to lose? This is where index funds come in. A cryptocurrency index…
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Custodial Vs. Non-custodial wallets — which one should you choose?
When we invest in cryptocurrencies, we typically buy and sell assets. You can do this on a cryptocurrency exchange that lets you store your assets in digital crypto ‘wallets.’ There are two types of wallets — custodial and non-custodial wallets. How does one choose between a non-custodial wallet and a custodial crypto exchange wallet? Both help to…
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Stablecoins — What are they?
A new era of digital transactions has begun with the introduction of bitcoin and blockchain technology. Today, thousands of different cryptocurrencies have established a revolutionary virtual payment system through a distributed network with no middlemen. Cryptocurrencies, with their decentralized ledgers and transaction verification methods, have found widespread adoption across a wide range of markets. However,…
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How can I stay safe and protect my NFTs?
Following its introduction to the mainstream market, the demand for non-fungible tokens (NFTs) has grown exponentially. NFT sales reached a staggering $25 billion in 2021, attesting to the industry’s meteoric rise. New users and crypto enthusiasts alike have shown an interest in NFTs. But one should not randomly invest in an NFT project for fear…
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What is a Liquidity Crisis?
Trading cryptocurrencies is exciting, but the market is highly volatile and can carry unusual risks. Many investors are aware of the risks associated with price volatility, but only some understand the perils of liquidity risk. A liquidity crisis is a scenario where an investor cannot sell his or her holdings when needed. In such scenarios,…