Are you New to Crypto? Read this �

Consider it a love letter from me to you.

Free Crypto investment tips for fellow young Africans. (The little I know)

� Things to check before investing in a Crypto currency Project.

Before you purchase any crypto currency that you intend to hold for a long time for maximum utility of capital in terms of profit and ROI, do well to do a thorough research on that asset.

a) Who is the team behind it?
b) What is the use case
c) How many exchanges have listed it or will list it at all
d) How is the market acceptance
e) How much of it is in supply and circulation.

If there's too much in supply, there's going to be struggle in Price growth and this is because, the Crypto market respects the economic law of demand and supply.

� Value comes from scarcity. Devalue comes from surplus(read more on that)

Last but not the least, What projects does the team behind it have - planned out for long term that will make that coin not just profitable, but useful and able to solve a problem and bring in enough cash flow in the long run.

For example, the rapid growth of BNB and Etherum in the last couple of months can be well attributed to one thing. Smart contract. Smart chain. (BSC, ETH) (if you're new to the space, you might not fully grasp.) so before you invest, research, read, study.

Eth grew from a price a little below $100 in January 2020 to over $4000 right now. So if you invested ₦450k to buy 10 ETH last year, you'll have about 2,000,000 x 10 as at last week.

What is Etherum: Launched in 2015, Ethereum is an open-source, blockchain-based, decentralized software platform used for its own cryptocurrency, ether. It enables SmartContracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control, or interference from a third party.

� Yes Crypto sounds fun and dummy, but no body researches more than a Crypto investor.

Hope you learnt something new today

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Mr Awesome

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