Buffett recommends that if you make money on an investment, you should not take the profit and run, but rather reinvest it. He did the same as a teenager when, together with a friend, they invested in pinball machines. By reinvesting profits and not spending them on whims, they managed to acquire eight machines.
2. Avoid unnecessary debts
Many people who start personal and business projects are hampered by the loans they take out. Buffett's advice is to avoid unnecessary loans and credit cards, since, in his own words, "he has seen many people fail because of liquor and debt." If you need financing, opt for fixed terms and low interest rates. And always in moderation, since loans can be addictive.
Why Binance created Moonbix, Telegram's latest game, and how to earn Moonbix tokens?
Binance, one of the giants of the crypto ecosystem, has launched Moonbix, an exciting game on Telegram, aiming to attract both new users and fans of gaming and cryptocurrencies. The game is part of a broader strategy by Binance to expand its presence on popular platforms, such as Telegram, and to take advantage of the growing interest in play-to-earn (P2E) games and NFTs. Why did Binance create Moonbix? Binance created Moonbix to capture the growing gaming market on the Telegram messaging platform. Here are the main reasons:
Cybersecurity firm Web3 GoPlus has issued an urgent warning about a new phishing scam affecting Telegram users. Hackers are taking advantage of the platform to trick people with fake messages that appear to come from official bots.
How Does the Scam Work? 1. Impersonation of Official Bots: Scammers create fraudulent bots that convincingly imitate the name and image of the official bot of mini-programs like Fragment. This makes it very difficult for users to notice that they are interacting with a fake bot.
William Timmons and his Revolutionary NFT Project in the United States
Representative William Timmons is set to introduce a new bill that promises to change the landscape of NFTs (non-fungible tokens) in the United States. This initiative, known as the (New Frontiers in Technology Act) is designed to define how NFTs should be treated legally in the country, ensuring that those used as art, collectibles or intellectual property are not subject to the same regulations as financial securities.
Tether's USDT: The Undisputed Pillar of Crypto Stability
Amidst the volatility of the cryptocurrency world, one figure stands as the guardian of stability: Tetherâs USDT. With its value pegged to the US dollar, USDT has managed to establish itself as the most dominant stablecoin in the market, accounting for almost 75% of the total market cap. This growth is not accidental; it reflects the growing need for security and liquidity in a space marked by unpredictable fluctuations.
The Rise of USDT: From $65 Billion to $118.6 Billion
Baby Doge Coin: The Cryptocurrency Meme Revolution
Baby Doge Coin (BABYDOGE) has taken the cryptocurrency world by storm, emerging as an improved alternative to the popular Dogecoin. Although not directly related, Baby Doge takes inspiration from Dogecoinâs popularity and seeks to solve some of its limitations. What makes Baby Doge special? - Scalability and speed: Unlike Dogecoin, Baby Doge uses the Binance Smart Chain (BSC), which allows it to process transactions much faster (every 5 seconds compared to Ethereum's 13).
Riesgos - ParticipaciĂłn baja: Si no muchas personas participan, el airdrop no generarĂĄ tanto impacto. - Regulaciones: Las leyes podrĂan afectar cĂłmo se realizan los airdrops, lo que puede retrasar o cambiar la estrategia del proyecto. #Binance #TopCoinsSeptember #AirdropGuide
Long-Term Plan to Become Rich Using BNB or USDT Cryptocurrency on Binance
In this detailed plan, we will take as an example a real person who decided to invest in cryptocurrencies, in this case BNB and USDT, and has managed to accumulate wealth over several years. This example will provide a realistic approach to how anyone, regardless of their financial knowledge, can pursue a long-term strategy. Example: John, Office Worker John is a 30-year-old office worker living in London. In 2018, he heard about cryptocurrencies, specifically about Binance and its native cryptocurrency BNB, as well as USDT (Tether), a stablecoin. At first, he didnât have much knowledge about investing, but he decided to do some research and learn the basics to take advantage of this opportunity.
How to Easily Understand Money Flow Charts on Binance: A Beginner's Guide
If you've ever looked at Binance charts and felt lost, don't worry, you're not alone. Charts showing cryptocurrency money flow analysis may seem complicated at first, but with this quick guide, you'll learn how to interpret them in a very simple way. What is Money Flow on Binance? Money flow on Binance reflects how money is entering or leaving a cryptocurrency. Simply put, it helps you see if more people are buying or selling an asset. This analysis is vital to understanding where the market is moving and making informed decisions about when to buy or sell.
FDUSD: The Cryptocurrency That Is Changing the Game
What is FDUSD? FDUSD is a cryptocurrency launched by Binance, one of the largest cryptocurrency platforms in the world. What's interesting about this coin is that it is a stablecoin, meaning its value is tied to a fiat currency, such as the US dollar (USD). This makes FDUSD more stable than other cryptocurrencies, whose value can rise or fall dramatically in a matter of hours. Who created FDUSD and why? FDUSD was created by Binance and First Digital, a company specializing in digital financial solutions. The main reason for its creation was to offer a safe alternative for people to keep their funds in cryptocurrencies without worrying so much about volatility. Being linked to the dollar, FDUSD offers a more reliable option for those who want to invest or make transactions without the risk of wild fluctuations of other cryptocurrencies.
DeGods is one of the most popular NFT collections on the Solana blockchain, made up of 10,000 characters called âgods.â Each one is unique and has its own look. These NFTs have captured global attention for their transaction volume and market value, at times exceeding 500 SOL (Solanaâs cryptocurrency), which is equivalent to thousands of dollars. A real-life example that helps to understand the impact of DeGods is how they have been promoted through celebrities and unusual events. Imagine seeing someone dressed as one of these characters jumping out of a plane or a person eating 100 chicken nuggets to create excitement for the collection. These events attracted a lot of attention on social media and contributed to their popularity.
Global Alert! Clipper malware is attacking your cryptocurrency transactions on Binance
Cryptocurrencies have revolutionized the financial world, but they have also attracted the attention of sophisticated scammers. Binance, one of the largest cryptocurrency exchanges, is facing a new security challenge with a malware known as Clipper that can compromise your transactions. If you are a cryptocurrency user, it is crucial that you educate yourself about these types of attacks and follow security measures to protect your digital assets.
What is Clipper malware and why is it so dangerous?
Alert! Protect your funds from the new Binance P2P scam: the payment but cancellation scam
Cryptocurrency scams are evolving, and on Binance P2P, a new type of scam is causing havoc: the pay-but-cancel scam. Here's how it works so you can protect yourself from falling into the trap.
How does the scam work? Imagine you are making a transaction on Binance P2P. After the buyer (the scammer) makes the payment, he convinces you to cancel the order, saying that there was a problem or that he will refund your money. But what actually happens is that the scammer keeps your money and the crypto, leaving you with nothing.
Imagine you decide to invest in cryptocurrencies with the goal of earning $100 per week. Here I explain how you would do it by applying a real-life example from point 1 to point 5: 1. Small goals: John has $500 to invest in cryptocurrencies. Instead of trying to double his money all at once, his goal is to make $20 a day. Each day, he makes small purchases and sales, looking to increase his balance little by little. For example, if he buys Bitcoin and its price rises slightly, he sells a portion to secure a profit of $20 that day.
The price of BNB has recently surged due to several key factors. One of the main reasons is the launch of new tokens on Binance, such as Catizen (CATI) and Hamster Kombat (HMSTR), which have generated a lot of interest. These projects allow users to earn tokens by participating in gaming-related activities on Telegram, which has increased the demand for BNB as it is needed to participate on these platforms. Additionally, increased activity on the BNB Chain and interest in projects outside of the DeFi space, such as games and applications in the metaverse, have contributed to the price growth. These factors, combined with the BNB token burning mechanism that reduces the circulating supply, are driving the value of the coin higher.
Next week there will be important economic events and key data releases. On Thursday, the Federal Reserve, the Bank of England and the Bank of Japan will announce their interest rate decisions. Also released will be data on US natural gas inventories and jobless claims. On Friday, Japan will publish the consumer price index (CPI), and on Saturday, the president of the Philadelphia Federal Reserve will give a speech.
How to Protect Your Money on Binance: Simple Preventive Actions
Cryptocurrencies offer many opportunities, but they can also attract malicious people looking to scam users. It is essential that you take preventive measures to protect your money on platforms like Binance. Here are some easy-to-understand tips to avoid getting ripped off.
1. Use a Reliable Platform Always use a trusted platform like Binance, which has robust security systems and escrow mechanisms to protect your transactions. Binance, for example, offers Peer-to-Peer (P2P) trading with protection for users by verifying identities with the Know Your Customer (KYC) system.
Simon's Cat Token ($CAT) is an emerging cryptocurrency inspired by the famous animated series Simon's Cat, created by Simon Tofield. This token is built on the BNB chain and seeks to mix entertainment with blockchain technology, offering a unique proposition in the memecoin market.
Origin of Simon's Cat Token ($CAT) Launched in August 2024, the $CAT token is based on the animated series Simon's Cat, which has been a cultural phenomenon since its inception. The series, starring a mischievous cat who constantly finds inventive ways to obtain food, has won over millions of followers around the world.
Catizen is coming to Binance! Find out how to play, earn and get your CATI tokens
What is Catizen and who created it? Catizen is a cat-themed blockchain-based game that has been developed for Telegramâs Mini App platform. The team of creators was inspired by the growing trend of âplay-to-earnâ games and decided to launch Catizen to provide a fun, accessible, and profitable experience for all players. Now, with Binance on board, the game has taken a giant leap towards global fame! Why was Catizen created? The main goal behind the creation of Catizen was to combine the fun of video games with the potential of cryptocurrencies, allowing players to earn real rewards while playing. The developers wanted to offer an immersive experience where players could enjoy interacting with their virtual âCatizensâ while earning rewards in the form of tokens.
How to learn to trade from scratch for free in 2024 âïžâïžâïž
Learning to trade in financial markets may seem difficult at first, but with the right approach, it is possible to start from scratch without spending any money. Here are the easiest steps to get started:
1. Know the basics First, familiarize yourself with financial markets, such as stocks, currencies, commodities, and cryptocurrencies. These are the assets you can buy and sell. It is also important that you understand the concepts of technical analysis (how to interpret charts) and fundamental analysis (assessing the economic situation of companies or countries).