Having Bitcoin or Ethereum as a newbie isn't bad, but there are quite a lot of other coins that could give you a faster growth.

Eg Buying Bitcoin with 300k at a price of $54k now means it has to get to $108k before you get X2 of 300k.

I'll explain further.
A thread, #RETWEET ๐Ÿ™‚
And when these coins get to $2, that's 100% growth and an easy X2 of your 300k equity if you had bought them.

So why wait long term for #BTC or $ETH to go X2 when you can grow your equity with other solid and less expensive coins?

Don't forget that what actually grows your
account is not the price of the Cryptocurrency but rather the percentage increase.

Let me explain.

#BTC was $30k at the beginning of the year, and #BNB was $40 then.

Now $BTC is $54k and #BNB is $628.

Which do you think has increased more in terms of price? $BTC right?.
But which do you think has seen much more growth?.

Definitely #BNB because while $54k (current price) - $30k (Beginning of year's price) = $24k.
And $24k รท $30k multiplied by 100 is only 80%.

That is #BTC has only grown 80% from the beginning of the year to it's present price
so if you invested 100k into #BTC at the beginning of the year you'd have 100k X 80% profit which is 180k in total.

Now let's calculate for #BNB.

#BNB at the beginning of the year was $40 right? And it's current price is $628.

Now $628 - $40 = $588.

$588รท$40 X 100% = 1,470%.
You can see this shows #BNB has had a much more exponential growth compared to #BTC despite having a cheaper price compared to #BTC.

Now if you bought #BNB worth 100k at the beginning of the year, calculating it now it would be 100k X 2 X 1,470 = #1,570,000.
So which gave you more growth? The one with a better price growth, or the one with a better percentage growth?

Now you have your answer.

Like I said above, holding Bitcoin or ETH currently isn't bad, but for me I'd rather prefer growing my equity faster through other Cryptos
and then buy Bitcoin or Ethereum with it later when I have a bigger equity rather than holding them currently when I don't have an equity suitable for that.

I currently think holding Bitcoin and Ethereum now should be for the institutions, whales and maybe dolphins who have huge
equities and not for the average trader (unless you want to hold them long term of course, because they're solid coins).

This is not a Financial advice though, just my opinion and I hope you understand my reason for it.๐Ÿ™‚

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More from @ThePaulOla

3 May
Previously, I made an introductory thread on how to earn Crypto passively even without trading.

Now here's the PART 2 & (step-by-step) guide showing you how to do that & how you can use decentralized exchanges to swap tokens

An educational thread #RETWEET for others to learn.๐Ÿ™‚
The last time, I talked about how this functions on DeFi (Decentralized Finance) but I didn't show how, now here's DeFi in layman's terms.

Decentralized Finance simply means a system that grants you autonomy and total control over your money, that is all trans(actions) on your
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1 May
You've probably been wanting to know how to earn from crypto without trading.

So here's a #thread explaining all that including how to earn from crypto apart from trading through some Financial processes in Crypto.

An educative thread, #RETWEET for others to learn.๐Ÿ™‚
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DeFi (Decentralized Finance) simply means the financial applications, systems, digital assets & projects built on networks founded on the Blockchain system.

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You probably have been seeing and hearing posts about Airdrops but you still don't know what an #Airdrop is.

Here's a thread simply explaining what an Airdrop is.

#Retweet #Thread
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An airdrop is simply a free crypto token distribution, or in simpler terms a giveaway in form of Cryptocurrency.

An Airdrop is meant to promote a project, increase awareness and improve the token's distribution.
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5 Feb
The CBN has issued a directive banning the use of #Bitcoin and crypto in the Country...

Don't be scared, here's a way around it.

A very helpful #Thread ๐Ÿ‘‡

#Retweet for others to see.
Firstly I need to let you know that Cryptocurrency is decentralized which means no one controls it and it has no governing body.

And this is what hurts the CBN -the fact that they can't manipulate it to their advantage and selfish interest and also due to fact that a lot of...
...people prefer to store their money in Cryptocurrencies rather than the banks because of it's high profitability and low transaction fees.

It hurts them that the increase in the knowledge of Cryptocurrency is taking away one of their means of extorting the masses...
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5 Feb
The Nigerian Government has just banned the transaction of Cryptocurrencies in the Country.

This government is always finding a way to take us back to the Stone Age.
You know why they're doing this?

They can't control it, which means they can't manipulate it to their own gain.

And the fact that people are now preferring to store their money in Cryptocurrencies rather than in the bank hurts them.

P2P is the way to curve this.
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3 Feb
This business that gave him the breakthrough is called Ecommerce Dropshipping

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How's this possible??

#Thread
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Read 10 tweets

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