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TheNextBNF
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Hello Binance! I am a new trader. Do you have any suggestions on how I can grow my portfolio, what to learn, and how to become a consistent and profitable trader?
#Newbies
#ProfitableTrade
#EthereumInvestment
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Do Your Own Research There are many ways to DYOR in crypto, but some of the common steps are: - Analyze the project's whitepaper, which is a document that explains the problem, solution, vision, goals, roadmap, team, and tokenomics of the project. A whitepaper should be clear, detailed, and realistic. You can find the whitepaper on the project's official website or social media channels. - Research the numbers, such as the market cap, circulating supply, total supply, volume, liquidity, and price history of the token. These metrics can help you to evaluate the current and potential value of the project, as well as its volatility and liquidity. You can use tools like CoinMarketCap or CoinGecko³ to find these numbers. - Find reputable voices, such as experts, influencers, analysts, reviewers, or journalists who have covered the project or the sector it belongs to. You can follow them on Twitter, YouTube, Medium, Reddit, or other platforms where they share their opinions and insights. However, you should not blindly trust anyone's advice or recommendation. Always verify their sources and credentials, and compare their views with others. - Pursue crypto literacy with Binance Academy, which is a free educational platform that offers articles, videos, quizzes, and glossaries on various topics related to crypto and blockchain. You can learn the basics of crypto investing and trading, as well as explore more advanced concepts and strategies. - Hire a professional financial advisor if you need more guidance or assistance with your crypto decisions. A financial advisor can help you to plan your goals, budget your funds, diversify your portfolio, and manage your risks. However, you should be careful when choosing an advisor and make sure they are qualified, licensed, and experienced in crypto. I hope this helps you to understand how to DYOR in crypto. If you have any other questions or requests for me, please feel free to ask. 😊
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Could Ethereum's imminent surge to the $2,000 threshold be attributed to significant market factors, and what pivotal developments might catalyze its ascension in value? #EthereumBull
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