Cactus - Digital Art... and some useful crypto links

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If you are new to Cryptocurrency, here are some helpful links. Bitcoin and Crypto are essentially new kinds of internet money that are evolving fast. They have some interesting potential and actual use cases. There are many different coins and tokens for different uses but it all started with bitcoin.

First, a good exchange to buy crypto with fiat, with a helpful FAQ.

https://support.coinbase.com/

Binance is a good exchange once you have btc/ltc/eth to send over from Coinbase. Binance gives access to many more obscure and newer coins.

https://www.binance.com/login.html

Coin market cap provides a helpful market overview

https://coinmarketcap.com/

Coin metrics has a list of useful... metrics

https://coinmetrics.io/resources/

Trading view is a good site for charts

https://uk.tradingview.com/

Take your time to research coins and think carefully about what you read. It is always good to be critical and ask the questions "does this project need a coin?" / "does this coin itself hold value, or is the value in the service it provides?"

Here are 3 more helpful links for Intermediates...

https://www.coinfairvalue.com/

Coin fair value is an interesting website with a different take on where the value of cryptocurrencies lie and is in contrast to coinmarketcap. It has a metric driven method of calculating the value of a blockchain based on how much it is actually used (the velocity of money). It shows BTC as currently undervalued with the fair value being $7331.

https://stakingrewards.com

Staking Rewards shows the yearly ROI of different Cryptocurencies along with a risk to reward score and complexity rating for setting up staking. Pundi X is currently at the top of the leaderboard.

If you haven't already, check out Shrimpy. Its a great free tool for managing crypto portfolio's. It is mainly used for portfolio re balancing.

If for example you had four of your favourite coins, you could set a balance limit of 25% each (so each coin would take up 1/4 of your total portfolio) and have shrimpy automatically re-balance your coins every day, week, month or even hour. Some interesting studies have shown that rebalancing just two assets hourly for a year can be more profitable that just holding those two assets by 100%. Way more than alot of the staking coins yearly return on investment.
https://www.shrimpy.io/

If you are curious as to why this works, it is because when shrimpy re-balances it is essentially selling high an buying low, scalping between your favourite coins.

Bancor is a decentralized liquidity network which enables cryptocurrency users to exchange tokens quickly, safely and easily. It is also free to list tokens on Bancor, this is very cheap versus the expensive fees projects have to pay to be listed on Binance for example. There are a lot of interesting small cap projects listed and Bancor has an impressive amount of on chain transactions at above 3000 per day ($440,892) an impressive amount for a project of its size.

https://www.bancor.network/

https://www.coinfairvalue.com/coins/bancor/

Cactus - Digital Art... and some useful crypto links | Ecency