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His fascination grows as he studies blockchain technology and cryptocurrencies. New technology begins to realize that there are new opportunities. Dozens of cryptocurrencies are released every day. Mihali also registers on other exchanges to catch good deals. Mihali prioritizes investing in the cryptocurrency of the stock market where he trades. Because as cryptos develop, exchanges will develop. For instance; CoinEx exchange's token CET is currently $0.1 (Total supply is 6,000,000,000), while another Bitget exchange's token BGB is currently $0.07 (Total supply is 2,000,000,000). These new exchanges are trying to grab a share from the cryptocurrency market. You may not invest in amounts that will not put yourself at risk. Mihali patiently awaited the return of his investments in Binance, Gate.io and Crypto.com.
How Does … ?
You can stake the exchange tokens you receive and use them to support other cryptocurrencies in the opened pools. In this way, both your stock market tokens are valued and you can obtain the tokens of new projects free of charge. You can invest in quality projects by selling them. He can make X100 to these tokens in 1 hour during listing on the exchange.
As Mihali gains experience, his principles begin to form. He learns that emotional bonds should not be established with the cryptocurrencies you buy. He determines a maturity and price for the cryptocurrency it buys. When he reaches that, he sells. Sometimes, if the cryptocurrency he bought does not make a profit as he expected, Mihali learns to exit with minimum loss. Now he knows; Opportunities do not end in the cryptocurrency markets… Mihali continues to search for opportunities, not waiting.
Mihali learns that some cryptocurrencies are liquid on Decentralized Exchanges before stock exchanges. Like PancakeSwap, Uniswap, SushiSwap, BiSwap, OpenOcean … The only disadvantage here is that it sells itself. In other words, there is no stop-loss function in the stock markets. For this reason, some nights can be sleepless. To get the right price range…
The advantage of decentralized exchanges; Having your cryptocurrencies in your own wallet. You can carry it with you … You can protect yourself from the risks of the stock markets, but you cannot take advantage of the benefits of the stock market … You can distribute your risk in a balanced way. It's up to you... You'll get this as you gain experience...
Mihali started learning Farm and Stake transactions on decentralized exchanges. Specifically, he staked the token of the decentralized exchange he traded on. The logic was: If this platform develops, so will the value of its coin … Biswap, Cropperfinance, Openocean, Cubfinance, …
Cryptocurrency markets are developing so fast that Mihali gets confused from time to time. Mihali starts to think about how to deal with it… Finally he decides; Time turns to whatever crypto theme is showing… His thinking is that he wants to make the same money… He doesn't want to be a particular cryptocurrency fanatic. Buy when it's time, sell when it's time...
What do you think should be the lessons we can take away from this part of our story? I look forward to your thoughts. Hope to see you in the next parts of our story...
You need to decide: Will you be the light or those who wait in the dark…?
*** My friends, the names in the story you read above are fictitious, but what happened is real.
I greet you all with love and respect. See you …
