“BUY THE DIP” ACTUALLY WORK?

If you’ve spent any time reading about investing on media, you’ve almost certainly heard the saying “buy the dip.”

The ubiquitous piece of advice — which refers to buying a stock or cryptocurrency right after a temporary price drop — has inspired memes and a raft of creative TikToks as influencers try to explain why the strategy makes sense, or mourn when buying the dip doesn’t work out.

But is buying the dip actually a good investing strategy? Not necessarily, according to the experts.

Read more: https://medium.com/@SmartLaunch/buy-the-dip-actually-work-d3385d59166

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Today crypto news: 06/14/22

1. France Could Deploy Blockchain Ticketing for Paris 2024 Olympic Games

2. EU Countries Is Reaching An Agreement On Crypto Adoption

3. Richard Branson Wants to Stop Crypto Scams Using His Name

4. MicroStrategy, crypto firm shares plunge with Bitcoin’s freefall

5. Bank Of America Survey Reveals 90% of Respondents Plan to Buy Crypto in 2022

6. Binance Is Expanding Hirings Amid Falling Crypto Market

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Following the recent shockwaves of the (LUNA) crash which had shaken the spirit of many crypto enthusiasts, South Korea’s ruling party, People Power Party (PPP), is reportedly considering new crypto laws to ensure users’ protection and prevent the same incident again.

Some new laws about crypto come with blockchain platforms that are still being considered. However, not much information has been released about these proposed laws.

The South Korean government has been a strict nation and previously imposed tightening policies for the crypto industry; officials showed intentions for different legislation to protect users better over excessive market volatility.

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Bitcoin (BTC) is known as the “grandfather” of all cryptocurrencies. It was the first digital currency when it was introduced in 2009, and it promised to change the way we think about money. A sort of electronic money that people might easily, safely, and inexpensively trade without the need for a middleman? It’s no surprise that Bitcoin has piqued people’s interest.

After thirteen years, Bitcoin has made significant progress toward general adoption. However, it is also true that it has a long way to go. And it isn’t without flaws. Newer coins have emerged that are speedier, more long-lasting, and have lower volatility.

Other than Bitcoin, we’ll look at a few of the most popular digital currencies below.

Read more: https://medium.com/@SmartLaunch/what-coin-will-replace-bitcoin-in-the-next-few-years-7327dfd7cc4c

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SocialFi is an inventive new way to monetize social interaction and allows friends to connect and learn more about the crypto space.

The rise of these new social networks and their SocialFi integration is probably one of the best uses of blockchain technology and could be at the helm of mass adoption.

Read more: https://medium.com/@SmartLaunch/what-is-socialfi-197e0ea59479

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Today crypto news: 06/20/22

1. Binance Suspends Direct Deposits and Withdrawals in Brazil

2. Tesla CEO Elon Musk Confirms He'll Keep Buying and Supporting Dogecoin

3. Kevin O'Leary Says He Won't Sell Any Crypto Despite Downturn

4. FBI Agent Says Crypto Investment Scams on LinkedIn ‘Significant Threat’ to Consumers

5. Fed Views Stablecoins as a Financial Instablity, Urges Regulators to Step in

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The first and foremost solution for “How do I get a crypto wallet” would refer to a review of the wallet’s reputation. You need to invest adequate efforts in research to find the best cryptocurrency wallet according to your requirements and preferences. The best course of action for any beginner choosing a crypto wallet is to go with the reputed alternatives. You can easily find out the popular cryptocurrency wallets by taking note of certain important indicators.

Some of the notable indicators which can showcase the reputation of a cryptocurrency wallet include testimonials, international recognition, accreditations and accolades for the company. You can find the best crypto wallet only after going through comprehensive research on the founders of the wallet.

Read more: https://medium.com/@SmartLaunch/tips-you-must-check-before-choosing-the-best-crypto-wallet-f0374361dbc7

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A little more than a decade after the first cryptocurrency, Bitcoin, was launched, the industry that’s developed around the new technology has seen explosive growth.

Today, there aren’t just cryptocurrencies available, but a few blockchain-based digital assets, including crypto tokens and NFTs.

There’s several methods for starting your investment journey in crypto. Depending on whether you want help managing your investment or if you want to align with the ethos of the ecosystem and “be your own bank,” there are opportunities for those just starting out.

Read more: https://medium.com/@SmartLaunch/what-is-a-better-investment-than-crypto-2eb7237ea12a

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Today crypto news: 06/23/22

1. Binance Connect Partners With Trust Wallet

2. India tax authorities to discuss 28% GST on crypto trading next week

3. Shopify Reveals Range of New Crypto Features

4. Do Kwon has ‘great confidence’ in rebuilding Terra blockchain

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Today crypto news: 06/27/22

1. Metaverse features expected in HTC’s new phone

2. Mark Zuckerberg Expects Billions of People to Use the Metaverse Generating Massive Revenue for Meta

3. Binance Launches Platform For Institutional And VIP Investors

4. SEC Chair Gensler Proposes Crypto Regulation

5. TIME Partners With The Sandbox to Build TIME Square in the Metaverse

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Crypto is a new asset class. We call cryptocurrencies “coins,” so a lot of people are confused about why anybody would buy a coin when it’s pretty hard to it use for making a purchase. Maybe one day in the future, we’ll be able to buy a steak dinner with our crypto winnings. But right now, you can’t do that.

Read more: https://medium.com/@SmartLaunch/why-is-crypto-not-currency-8026bdb97f86

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Unlike the stock market, the crypto market does not have any regulation, as a result of which, its value swings up and backs down every day. Given the extreme volatility of these digital coins, here’s everything you need to know before investing in the cryptocurrency market.

Read more: https://medium.com/@SmartLaunch/everything-you-need-to-know-before-investing-in-cryptocurrency-bd76fec2de2c

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On Wednesday, June 29, the Parliament and Council negotiators reached a deal over a new bill that will allow them to trace the transfers of crypto assets like Bitcoin and other digital asset tokens.

The agreement is nothing but an extension of the “travel value” rule already available in traditional finance. As per the EU, the new rule aims to block suspicious transactions taking place in the crypto market.

This rule requires that information on the source of the asset and its beneficiary travels with the transaction and is stored on both sides of the transfer. Crypto-assets service providers (CASPs) will be obliged to provide this information to competent authorities if an investigation is conducted into money laundering and terrorist financing.

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