Cryptocurrencies have been in our lives for at least 12 years. History has shown that those who kept (hodlers) their cryptocurrencies are the ones who came out victorious. Puppy Coin is for hodlers! How can you buy Puppy Coin? Is it worth it to enter the market or to exchange cryptocurrencies? We will answer all these questions.
What you need to buy Puppy Coin?
- An internet connection and a computer or a smartphone.
- A bank account linked to your cryptocurrency account.
- A storage space for your coins (digital wallet).
- Binance account to gain full knowledge of the stock market of cryptocurrencies and to start your first transactions with them.
- Or, Bnb to exchange for Puppy Coin.
It is an intangible coin, the value of which is linked to the mutual trust between hodlers, its integration into the financial markets and the public interest in its use. All cryptocurrencies have their own peculiarities in terms of digital analysis.
How are the transactions performed in Puppy Coin?
When the consumer makes any purchase online, the banks validate the transaction.
In the case of Puppy Coin, however, transactions take place without any third party mediation, through a system called hashing.
When a person pays another person with Pappy Coin, the Binance Smart Chain checks the validity of the transaction based on the solution of a related mathematical problem. If the result of the problem is valid, then the transaction unfolds normally and is registered in the cryptocurrency database.
All transactions of each cryptocurrency are available and transparent to anyone who wishes to keep a record, while it is worth noting that there is no element of return and cancellation of transactions. Any transfer to and from Puppy Coin hodlers is considered completely secure and it is extremely difficult to incur losses or hacks.
Puppy Traders Vs Puppy Hodlers
There is an important difference between the two concepts: Hodling is for those who want to take advantage of some long-term profits through currency exchange, investing mainly in currencies that do not show significant fluctuations in their value. Trading is just the opposite: it mainly involves small investors who start with small amounts, who aim to make a profit, buying and selling currencies depending on their ups and downs.
Puppy Coin and cryptocurrencies in general are gaining ground. The jumping prices are definitely attractive for beginners, however they should be aware of the dangers before entering the crypto market. Hodlers are mostly the ones that in the long term are the winners.
9 Things Puppy Coin hodlers need to know
If you’ve just started to show interest in Puppy Coin and are wondering if you should invest, here are 9 things you need to know before you buy.
1. Do not invest more than you can afford to lose
There are risks and dangers. Even bitcoin that has been around for over a decade and is probably here to stay, unlike most cryptocurrencies, is not risk free. So in any case, do not invest the savings of a lifetime in any currency.
2. Do thorough research
Before you spend any amount, thoroughly research the cryptocurrency you want to buy and how it works. Read, subscribe to communities and crypto newsletter. As John Stuart Mill has said: “He who knows only his own side of the case, knows little.”
3. Resist the “fear of being left behind“
FOMO (fear of missing out) is a surefire way to lose money. Resist the urge to get involved in something because others do, without researching and taking careful steps.
4. If it sounds “too good to be true” then it probably is
The crypto world is full of scammers. Attention Puppy Coin hodlers, but also attention traders. Some trading platforms offer over 100x leverage, which means you can borrow up to 99% of the cost of an investment. This will boost your profits if the price goes up, but if it goes down then you will lose everything. Puppy Coin hodlers know that this is a scam!
5. Attention to “unit trends“
Just because Puppy Coin sells for about $1 does not mean that it is “cheaper” than bitcoin, which sells for about $58,000. Not all currencies are created equal. Determining the value of a coin means taking into account a number of factors, how big is the community that supports it, what is its usability, what is its security model, the risk you take, etc. If you do not know these, better do not invest.
6. If you do not have the “keys“, you do not have the coins
As with cash, the owner must be in control of his assets. The platforms that manage the encrypted keys for your “wallets” are often not subject to scrutiny, and it is not uncommon to fall for scammers. Keeping the keys in your possession, whether on hardware or even on paper, is an appropriate move, according to the most experienced Puppy Coin Hodlers.
7. You can buy a subdivision of bitcoin (satoshi) and any other currency
You do not need to buy a whole coin. You can even buy a $10 subdivision for starters. As billionaire Mark Cuban recently said about buying small amounts of any coin like Puppy Coin “is better than buying a lottery ticket“.
8. Prefer to be a hodler!
Even in cryptocurrencies, saving your coins is a smart move to gain more profit in the future. Trading is not a good decision and most times it turns out to be a great disaster.
9. Buy Puppy Coin according to the value of money and do not become obsessed with the price of the currency
Markets change day by day, hour by hour, minute by minute. Like any investment, cryptocurrencies and Puppy Coin for example has a long-term value. Invest according to your budget and do not get obsessed with the daily changes of the price. Wait… be Puppy Coin hodlers!
Read more about Puppy Coin project:
- How to buy Puppy Coin
- How to connect Metamask to Binance Smart Chain
- The 1st company to accept Puppy Coin is in Larissa
- Join now the 100.000 Puppy Coin Airdrop!
- Puppy Coin 59X in 23 days
- How to buy Puppy Coin with Trust Wallet
- Business Accepting Puppy Coin
- Puppy coin received the verified badge from Blockspot.io!