CEX Daily Combo 19 January 2025

 

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Task: How to Explain Crypto to Your Grandma
1. What analogy is used to describe crypto transactions?
✔️ Sharing cookies with everyone in the neighborhood.

2. What question might your grandma ask about Bitcoin cookies?
✔️ "Can I eat a Bitcoin?"

3. What does the script encourage at the end?
✔️ To be patient and explain with humor.

4. How does the script suggest explaining crypto to your grandma?
✔️Start with something she already knows.

5. Why is Bitcoin considered valuable?
✔️ It's rare, like a special edition teacup set.

6. What does the script suggest about Bitcoin and magic?
✔️It reassures grandma that Bitcoin is not magic.

7. How does the script explain digital wallets?
✔️ They're like a secret recipe for apple pie.

8. What is the blockchain compared to?
✔️ A digital ledger that keeps track of transactions.

9. How does the script describe the blockchain's reliability?
✔️ It's like a checkbook that can't be lost.

10.Why is Bitcoin compared to gold or antiques?
✔️ Because it's valuable due to people believing in it.

11. What's the purpose of private keys in crypto?
✔️ To keep your digital assets secure.

12. What is the maximum number of Bitcoins that will ever exist?
✔️ 21 million.

 

Task: Top 5 Crypto Strategies You've Never Tried
1. What is "Whale Watching" in crypto?
✔️Tracking large crypto transactions by big players.

2. What is a benefit of "Couch Potato Staking"?
✔️ Earning passive income without active trading.

3. What do whales do in crypto markets?
✔️Move large amounts of cryptocurrency, affecting prices.

4. What is the "Napoleon Strategy"?
✔️ Declaring victory before reaching your price target by refusing to sell.

5. Why is "Whale Watching" risky?
✔️ You're a small player compared to whales.

6. What is the main risk of the "Lottery Ticket Gamble"?
✔️ Most random altcoins don't become valuable.

7. What's the risk of "Couch Potato Staking"?
✔️ Becoming addicted to checking your rewards.

8. What's the purpose of the "Reverse FOMO Approach"?
✔️ To avoid impulsive buying during market hype.

9. What is the "Lottery Ticket Gamble"?
✔️ Investing a small amount in a random altcoin and hoping for huge returns.

10. What is a potential outcome of following the "Lottery Ticket Gamble"?
✔️ You might discover the next big altcoin.

11. What does the "Reverse FOMO Approach" involve?
✔️ Avoiding coins that everyone else is hyped about.

12. What's the main activity in "Couch Potato Staking"?
✔️ Earning passive income by locking up crypto in staking pools.

 

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