Latest news with #BeInCrypto
Yahoo
16-06-2025
- Business
- Yahoo
I'm a Financial Expert: This Is the No. 1 Mistake Americans Make When Investing in Crypto
Cryptocurrencies are one of the most exciting asset classes due to their novelty and high returns. Bitcoin has crushed the S&P 500 and Nasdaq Composite over the past decade, with altcoins having varying levels of success. Read More: Find Out: The pro-crypto policies of the Trump Administration have only put more spotlight on cryptocurrencies, but jumping in without enough knowledge can result in substantial losses. While there are several mistakes you can avoid when investing in crypto, one mistake stands out. This guide will uncover mistakes to avoid and what you can do to put yourself in a better position when you buy crypto. Alena Afanaseva, CEO and founder of BeInCrypto, believes it's important for investors to treat cryptocurrency differently from stocks. Having no distinctions between the two asset classes can result in excessive losses if you take too much risk. 'The biggest mistake is to think that cryptocurrencies follow the same rules as traditional assets. When we analyze the dynamics of fiat, commodities, or stocks, we always have a two-way approach: looking at the macro environment, digging deeper into fundamentals, and adding technical analyses on top of that,' Afanaseva explained. 'In general, you know that during the easy monetary policy cycle, we are gonna see the growth of stock prices. Unfortunately, these rules do not always apply to cryptocurrencies.' She also took some time to mention how risky cryptocurrencies are. Stocks are risky, too, but crypto is in an entirely different category. 'Fundamental analysis is very scarce [for crypto], and the future path of any new project is highly unpredictable, and the whole industry is not mature enough. So, you need to keep in mind that crypto investments are much riskier than any traditional world investment.' Discover Next: Chances are, you've heard of someone who made a fortune with bitcoin, whether it's a friend or some guy on the internet. Afanaseva shared some hard numbers that explain the risk of this approach and how much money people lose with cryptocurrency. 'Very relevant stats coming from data compiled by BeInCrypto on Dune Analytics: there are around 5,000 addresses turning a profit of over $100,000, and about 311 wallets exceeding $1 million in gains. However, more than 60% of addresses engaging with the Solana-based token launchpad have incurred substantial losses. Nearly 1,700 addresses lost more than $100,000, and 46 wallets suffered losses exceeding $1 million.' Crypto is risky, and jumping into the asset out of fear of missing out based on past successes can set you up for a dangerous future. Afanaseva shared a good mindset that can help you avoid this common crypto mistake. 'I think the key here is to understand the risk you take, to properly assess how your loss is going to influence your budget. Try to make a reasonable decision. Don't go all-in; try to diversify — the rule of all eggs in the basket does apply here. And I would strongly recommend avoiding any leverage trading — the volatility in the cryptocurrency market is enormous, so it is very easy to get into [the] red zone.' Knowing your financial situation and diversifying your portfolio can help you make better decisions with crypto and other investments. You'll also become a more confident investor as you learn more about these assets. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 8 Common Mistakes Retirees Make With Their Social Security Checks The 10 Most Reliable SUVs of 2025 This article originally appeared on I'm a Financial Expert: This Is the No. 1 Mistake Americans Make When Investing in Crypto Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-06-2025
- Business
- Yahoo
I'm a Financial Expert: This Is the No. 1 Mistake Americans Make When Investing in Crypto
Cryptocurrencies are one of the most exciting asset classes due to their novelty and high returns. Bitcoin has crushed the S&P 500 and Nasdaq Composite over the past decade, with altcoins having varying levels of success. Read More: Find Out: The pro-crypto policies of the Trump Administration have only put more spotlight on cryptocurrencies, but jumping in without enough knowledge can result in substantial losses. While there are several mistakes you can avoid when investing in crypto, one mistake stands out. This guide will uncover mistakes to avoid and what you can do to put yourself in a better position when you buy crypto. Alena Afanaseva, CEO and founder of BeInCrypto, believes it's important for investors to treat cryptocurrency differently from stocks. Having no distinctions between the two asset classes can result in excessive losses if you take too much risk. 'The biggest mistake is to think that cryptocurrencies follow the same rules as traditional assets. When we analyze the dynamics of fiat, commodities, or stocks, we always have a two-way approach: looking at the macro environment, digging deeper into fundamentals, and adding technical analyses on top of that,' Afanaseva explained. 'In general, you know that during the easy monetary policy cycle, we are gonna see the growth of stock prices. Unfortunately, these rules do not always apply to cryptocurrencies.' She also took some time to mention how risky cryptocurrencies are. Stocks are risky, too, but crypto is in an entirely different category. 'Fundamental analysis is very scarce [for crypto], and the future path of any new project is highly unpredictable, and the whole industry is not mature enough. So, you need to keep in mind that crypto investments are much riskier than any traditional world investment.' Discover Next: Chances are, you've heard of someone who made a fortune with bitcoin, whether it's a friend or some guy on the internet. Afanaseva shared some hard numbers that explain the risk of this approach and how much money people lose with cryptocurrency. 'Very relevant stats coming from data compiled by BeInCrypto on Dune Analytics: there are around 5,000 addresses turning a profit of over $100,000, and about 311 wallets exceeding $1 million in gains. However, more than 60% of addresses engaging with the Solana-based token launchpad have incurred substantial losses. Nearly 1,700 addresses lost more than $100,000, and 46 wallets suffered losses exceeding $1 million.' Crypto is risky, and jumping into the asset out of fear of missing out based on past successes can set you up for a dangerous future. Afanaseva shared a good mindset that can help you avoid this common crypto mistake. 'I think the key here is to understand the risk you take, to properly assess how your loss is going to influence your budget. Try to make a reasonable decision. Don't go all-in; try to diversify — the rule of all eggs in the basket does apply here. And I would strongly recommend avoiding any leverage trading — the volatility in the cryptocurrency market is enormous, so it is very easy to get into [the] red zone.' Knowing your financial situation and diversifying your portfolio can help you make better decisions with crypto and other investments. You'll also become a more confident investor as you learn more about these assets. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Clever Ways To Save Money That Actually Work in 2025 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on I'm a Financial Expert: This Is the No. 1 Mistake Americans Make When Investing in Crypto
Yahoo
05-06-2025
- Business
- Yahoo
TRON Jumps After Sun's Tweet, Network Volume Hits All-Time High
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. TRON (CRYPTO: TRX) is trading at $0.2688, after a price spike of 4.2%. According to CoinMarketCap, the surge came within two hours following a tweet from TRON founder, Justin Sun, on June 3, making TRX the 9th largest crypto. Sun tweeted 'looking forward to it', which reflected interest generated by his social media activity. According to BeInCrypto, market interest is influenced by TRON's network performance. TRX recorded a new all-time high in monthly transfer volume in May 2025. Per TradersUnion, analysts reported that 490.3 billion TRX were transferred, which is equivalent to $132.4 billion at a price of $0.27. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. New to trading crypto? on Coinbase. The volume was a 34% increase from the 362.92 billion transferred in April 2025. TRON overtook Cardano (CRYPTO: ADA) in May to become the 9th largest cryptocurrency by market capitalization. TRON's market cap climbed to nearly $26 billion, while Cardano's dropped to $23 billion. The ranking grew as TRX's price rose 8.8% in May, per BeInCrypto. According to The Tradable, TronDAO initiated a series of unusual TRX movements, leading to community discussions about a possible sell-off. 10 transactions moved a total of 8,777,561,962 TRX to unknown wallets. TronDAO has not provided explanations for these transfers. According to a 45% surge was observed in large TRX transactions within a 24-hour period, amounting to over $215 million. TRX price is in the $0.27-$0.275 range. The consolidation indicates a mismatch between selling and buying pressure. It places TRX in a critical zone where its direction could change quickly based on market conditions. Traders should note potential false breakout signals above the $0.274 mark. The $0.255 area could become a zone for short-term buying if a positive price reaction occurs. Sun's tweet and May's record network activity offer a potentially bullish backdrop, with some forecasts targeting $1 per token. Per CoinJournal, TRX requires a 270% price increase from its current level to reach the $1 mark. Growing network activity and rising adoption indicate a potential for continued upward price movement for TRX in the near to medium term. The unexplained large TronDAO transfers and current price consolidation require close observation. More Opportunities: Grow your IRA or 401(k) with Crypto – . Trade, earn, and grow your crypto portfolio with — . Image: Shutterstock This article TRON Jumps After Sun's Tweet, Network Volume Hits All-Time High originally appeared on
