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Get Ahead of the Game: 11 Key Strategies for Increasing Crypto Portfolio Returns in 2023

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Are you looking for tips on how to boost your crypto portfolio returns in 2023?

With the rise of cryptocurrencies, many people are looking for ways to increase their portfolio returns in 2023. Crypto is a digital asset that can be used as a medium of exchange or as an investment. However, investing in cryptocurrency can be risky due to its volatile nature. This article will discuss 11 key strategies for boosting your crypto portfolio returns in 2023. We will also discuss the new presale meme coin, Dogetti (DETI), and how it can be a potential addition to your portfolio.

Understand The Market

Before investing in cryptocurrencies, it is important to understand the market. Research and understand the trends, and stay updated with the latest news in the industry. It is also important to know the basics of blockchain technology and how it works.

Diversify Your Portfolio

Diversifying your portfolio is a key strategy to reduce risks and increase returns. Invest in different cryptocurrencies with varying market caps and volatility levels. This will help in balancing out the risk and potential returns.

Use Dollar-Cost Averaging

Dollar-cost averaging is a strategy where you invest a fixed amount of money in a cryptocurrency at regular intervals. This helps in reducing the impact of market volatility on your investment.

Keep A Long-Term Perspective

Crypto investing is not a get-rich-quick scheme. Keep a long-term perspective and avoid making impulsive decisions based on short-term market trends.

Invest In Blue-Chip Coins

Blue-chip coins such as Bitcoin (BTC) and Ethereum (ETH) are less volatile and have a strong track record. They are less risky and can be a good addition to your portfolio.

Keep An Eye On Market Trends

Stay updated with the market trends and look out for potential new trends that can impact your investments. Keep an eye on social media and news outlets to stay informed.

Use Technical Analysis

Technical analysis is a way to predict market trends by analysing price charts and market data. This can help in making informed investment decisions.

Consider Staking And Yield Farming

Staking and yield farming are ways to earn passive income through cryptocurrency investments. This involves holding coins in a wallet or participating in liquidity pools to earn rewards.

Invest In Presales

Presales are a way to invest in new cryptocurrencies before they are launched on the market. This can be a high-risk, high-reward investment strategy, but can also result in significant returns.

Consider Meme Coins

Meme coins such as Dogecoin and Shiba Inu have gained popularity in recent times. They can be high-risk, high-reward investment opportunities, but it is important to research and understand the project and its potential.

Consider Dogetti

Dogetti is a new presale meme coin that aims to create a strong community where holders are rewarded regularly. The project includes DogettiSwap, a platform built on Ethereum that allows for the trading and collecting Dogetti NFTs. The limited-time promo code, DON50, provides a 50% bonus on any purchase. Dogetti has the potential to be a strong addition to your portfolio, but it is important to research and understand the project before investing.

Investing in cryptocurrency can be a high-risk, high-reward opportunity. It is important to understand the market, diversify your portfolio, and use strategies such as dollar-cost averaging and technical analysis. Blue-chip coins such as Bitcoin and Ethereum can be a good addition to your portfolio, along with potential high-risk, high-reward opportunities such as presales and meme coins. Dogetti is a new presale meme coin that has the potential to be a strong addition to your portfolio, but it is important to research and understand the project before investing. By following these key strategies, you can increase your crypto portfolio returns in 2023.

 

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

Tekedia Names Femi Otedola As Nigeria’s Businessperson of H1 2023

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Femi Otedola has taken his stake in Transcorp to 6.3%: ‘“We write to inform you that our client Femi Otedola (C4430272AP) has acquired additional unit of Transcorps shares that brings his percentage holdings with us to 5.8…Stanbic IBTC Stockbrokers Limited, in its own letter, informed Africa Prudential the energy magnate procured shares… That takes his entire holding in Transcorp to 6.3 per cent or 2.6 billion shares’.

This is very significant and opens up a new playbook on how to build wealth in Nigeria. From the days of Templeton to Carlos Slim and Buffett, men and women have built empires purely by picking stocks in public exchanges. 

Otedola’s controlling command of First Bank parent company, and now closing on Transcorp, makes him one of the most significant investors in modern  Nigeria because these companies are critical and important. First Bank is the fulcrum of Nigerian banking while Transcorp is an evolving industrialized conglomerate with assets in major sectors of the economy.

When you add the power company, Geregu Power PLC, you will agree that Otedola belongs to the Elite 8  (you know them) of corporate Nigeria. For his stock picking sagacity over the last six months, Tekedia honours him as Nigeria’s Businessperson of H1 2023 (first half of 2023).

That said, I want to see Otedola execute this playbook for the long-term as that is how legends are anointed in markets. Why? Many investors will track his positions right now, and he cannot afford to just exit anyhow, leaving them in the cold! That must not happen!

Comment on Feed

Comment 1: Trying to find any information about his playbook. Silent but effective

My Response: He likes companies which are freely floating and  dominance is assumed by sheer financial war chest. For example, you can decide to become the highest shareholder in Transcorp, and you can start buying. The same applies to FBN, parent of First Bank. 

But if you want to dominate Dangote Cement, that is not possible because of the structure. So, Otedola picks companies and those firms make it possible for him to take a frontal position and the only defense is that you need to fight with more money. That is his playbook. Of course, he likes A-list assets.

4 Major Risks and Challenges of Zero Confirmation Transactions

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Due to its speed and convenience, zero confirmation transactions have grown in popularity over the past few years. But with their advantages come dangers and difficulties that must not be disregarded. The four main dangers and difficulties posed by zero confirmation transactions will be covered in this essay.

Risk #1: Double Spending

One of the most significant risks associated with zero confirmation transactions is the possibility of double spending. Double spending happens when a user attempts to spend the same funds in two different transactions. In traditional payment systems, this risk is avoided by confirming transactions before they are added to the blockchain, ensuring that the same funds are not spent twice. To trade more effectively, you may consider using a reliable trading platform like immediatefuture.io

Zero confirmation transactions, on the other hand, do not go through a confirmation procedure before being recorded on the blockchain. This implies that a dishonest user may be able to spend the same money several times, which would result in a substantial loss for the retailer.

Attackers can try to double spend in a transaction with zero confirmation in a number of ways. One such technique is to broadcast two distinct transactions that use the identical cash to the network. As a result, there may be a race between the two transactions, with the blockchain finally confirming just one of them.

Risk #2: Fraudulent Transactions

One of the significant risks associated with zero confirmation transactions is double spending. Double spending occurs when a user attempts to spend the same funds in two different transactions. In a traditional payment system, this risk is mitigated by the fact that transactions are confirmed before being added to the blockchain, ensuring that the same funds are not spent twice.

There are several ways that attackers can attempt to double spend in a zero confirmation transaction. One common method is to broadcast two different transactions to the network, both spending the same funds. This can lead to a race between the two transactions, with only one ultimately being confirmed on the blockchain.

Risk #3: Network Instability

Network instability is another risk associated with zero confirmation transactions. Bitcoin and other cryptocurrencies rely on a decentralized network of nodes to process and confirm transactions. If the network experiences instability, such as increased traffic or technical issues, it can lead to delays or even failures in confirming transactions.

One factor that can contribute to network instability is the transaction fee. If the transaction fee is too low, miners may prioritize other transactions over the zero confirmation transaction, leading to delays or even failures in confirming the transaction.

To mitigate the risk of network instability, users can consider setting a higher transaction fee to increase the likelihood that the transaction will be confirmed quickly. Users can also monitor the network status and transaction confirmation times to ensure that the network is stable before making a zero confirmation transaction.

Risk #4: Lack of Transaction Finality

Another risk associated with zero confirmation transactions is the lack of transaction finality. In traditional payment systems, once a transaction is confirmed, it is irreversible and cannot be reversed without the consent of both parties. However, in zero confirmation transactions, there is no confirmation process before the transaction is added to the blockchain, leading to a lack of finality.

If a user attempts to reverse a transaction after it has been broadcast to the network, it can lead to a double spending scenario or a loss for the merchant. This can occur if the user initiates a transaction and then attempts to cancel it before it is confirmed on the blockchain. In this scenario, the funds are still available to be spent, and the user can potentially spend the same funds again in a different transaction, leading to double spending.

To mitigate the risk of lack of transaction finality, merchants can implement measures such as waiting for a certain number of confirmations before releasing the goods or services.

Conclusion

Although they provide a practical method of processing transactions on the blockchain, zero confirmation transactions also carry a number of serious hazards that users and merchants should be aware of. Users can reduce the risk of losses and guard themselves against the potential drawbacks of zero confirmation transactions by taking the proper precautions and putting in place the necessary security measures.

5 Reasons Why You Should Choose HODL As Your Investment Strategy

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abstract background of crypto currency Market hodl or hold on for dear life and technical analysis chart graph

Introduction

HODLing and mining are two well-liked cryptocurrency investment strategies. HODLing, which stands for “hold on for dear life,” is purchasing and keeping cryptocurrency over a lengthy period. On the other hand, mining entails the use of specialized machinery to resolve challenging mathematical puzzles and verify transactions on the blockchain. HODL may be a better investing plan than mining for several reasons, even though both methods have their advantages and disadvantages. In addition, you can start your Bitcoin investment by trading in a reputable trading platform like BitIQ trading system

Reason #1: Less Stressful

Investing can be a stressful endeavor, especially when trying to make short-term gains. HODL, on the other hand, is a long-term investment strategy that can significantly reduce the stress associated with investing.

HODLing involves buying and holding onto investments for an extended period, typically years, without making any changes based on market movements. This means that HODLers do not need to constantly monitor and adjust their investments, which can be time-consuming and emotionally draining.

By eliminating the need to monitor the market constantly, HODLing reduces stress levels and frees up time for other activities. It also removes the pressure of trying to time the market and make quick gains, which can lead to emotional decisions and increased stress levels. 

Reason #2: Long-Term Focus

One of the key features of HODLing is its long-term focus. Unlike other investment strategies that seek to make short-term gains, HODLing involves holding onto investments for an extended period.

By taking a long-term approach to investing, HODLers can benefit from the power of compounding, which means that their investments can grow exponentially over time. This is because the longer an investment is held, the more time it has to grow and generate returns.

Furthermore, a long-term focus helps investors avoid the pitfalls of short-term market fluctuations. By not reacting to short-term market movements, HODLers can stay focused on their investment goals and remain disciplined in their investment strategy.

Reason #3: Less Time-Consuming

Another advantage of HODLing as an investment strategy is that it requires less time and effort than other active trading strategies.

HODLing involves buying and holding onto investments for a long period, typically years, without making any changes based on market movements. This means that HODLers do not need to constantly monitor and adjust their investments, freeing up time for other activities.

In contrast, day trading and other active trading strategies require constant monitoring of market movements and making quick decisions based on short-term market fluctuations. This can be time-consuming and emotionally exhausting, leading to burnout and reduced returns.

Reason #4: Potential for Higher Returns

While HODLing is typically associated with a conservative, long-term investment strategy, it still has the potential to generate significant returns.

Over the long-term, HODLing can benefit from the power of compounding, which means that the returns on investments can grow exponentially as they are reinvested over time. This can lead to significant returns over the long-term, especially when investing in high-growth assets such as stocks, cryptocurrency, or real estate.

Furthermore, by avoiding the pitfalls of short-term market fluctuations, HODLers can avoid making emotional decisions that could negatively impact their investment returns. This disciplined approach to investing can result in higher long-term returns than short-term, reactive investment strategies. 

Reason #5: Lower Risk

One of the most significant advantages of HODLing as an investment strategy is its lower risk profile compared to other active trading strategies.

HODLing involves buying and holding onto investments for a long period without making any changes based on short-term market movements. By taking a long-term approach, HODLers can ride out market volatility and avoid the risk of making emotional decisions based on short-term market fluctuations.

Furthermore, by avoiding active trading strategies that involve buying and selling investments frequently, HODLers can reduce the risk of making poor investment choices based on market noise or incorrect predictions.

Conclusion

In conclusion, HODLing can be a beneficial investment strategy for investors looking to take a long-term, disciplined approach to investing. By avoiding the pitfalls of short-term market fluctuations and emotional decision-making, HODLers can benefit from potential higher returns and lower risk. Overall, HODLing can be an excellent investment strategy for investors who are willing to take a long-term approach to investing and avoid the pitfalls of short-term market fluctuations and emotional decision-making.

Communicate VALUE, forget cost!

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Communicate VALUE because that is what customers pay for; few care how much you have spent to create the product. Yes, do not use a cost-plus pricing (cost plus markup) model in your company. It is a very non-optimized pricing playbook. Customers do not buy your products because of how much it costs you to produce them. What they want is VALUE! 

So, when you price, focus on value, and that means, use a value-based pricing model. Of course, as you do that, you need to understand your cost, including the fixed and variable costs. 

In elementary physics, friction is a force. To overcome friction, you need another force. In the market, customers’ problems are market frictions. To overcome them, you need to create products, the powerful forces in market systems. Products deliver value! Communicate VALUE, forget cost! 

Congratulations! You have built this awesome company. You have products and services, and now you want to price them. The pros discuss the constructs of cost-based pricing and value-based pricing: “Value-based pricing is the setting of a product or service’s price based on the benefits it provides to consumers. By contrast, cost-plus pricing is based on the amount of money it takes to produce the product”. Deciding the model to adopt for the optimal value creation, in your startup, is the next level as you fix the launch date.

You possibly have some marketing guys to assist. Marketing is a great profession. The bests in the field understand how to present their product offerings to customers to get them  to open their wallets. Irrespective of the quality of the product or service, a very poor marketing campaign could be very disastrous. This field is full of psychology. They focus on mastering the behavior of man under his limited scarce resources. He must make choices and bring that concept of opportunity cost in action; and making sure your product wins in this choice makes a star marketer.

Mechanics Of Startup Product Pricing