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Whats’s CEX Quiz Answer December 17? Find the Answers to Today’s Quiz and Earn 10,000 CEXP Points.
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CEX Quiz Answer December 17
Here are the today’s questions and answer. Check out the image below. Then, you can find other questions below the image.
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⭕️ Task 107,108 ⭕️
Top Blockchains Compared: Scalability, Fees, and Use Cases
- 1. What’s a common issue with Ethereum’s transaction fees?
✅ They can be very high (gas fees) - 2. What type of projects benefit most from Polygon?
✅ Smaller projects looking for low-cost solutions - 3. What is the main takeaway about choosing a blockchain?
✅ It depends on your needs: speed, fees, or use cases - 4. What’s a potential drawback of Binance Smart Chain?
✅ Some projects on it can be less reliable - 5. What’s a common criticism of Cardano?
✅ It can be slow to roll out updates - 6. What makes Solana stand out?
✅ Lightning-fast speeds and low fees - 7. What is Polygon’s main role in the blockchain ecosystem?
✅ It helps scale Ethereum by improving efficiency
Blockchain Use Cases That Are Solving Real Problems
- 1. How does blockchain improve supply chains?
✅ It tracks products from start to finish for full transparency - 2. How does blockchain help in real estate?
✅ It stores property records digitally and securely - 3. What does blockchain aim to fix in voting systems?
✅ It makes elections secure, transparent, and efficient - 4. What problem does blockchain solve in healthcare?
✅ It securely stores and shares patient records - 5. What’s one downside of traditional real estate that blockchain solves?
✅ Complicated and paper-heavy processes - 6. How does blockchain help with counterfeit medication?
✅ It prevents fake drugs from entering the market - 7. What’s an example of a product blockchain can track in the supply chain?
✅ Organic bananas
⭕️ Task 105,106 ⭕️
➡️Task: “Web3 Careers Explained: Jobs in the Future of the Internet”
1. How can you get started in a Web3 career?
✅ Learn through online courses, join DAOs, and engage with communities
2. What’s the key takeaway about Web3 careers?
✅ They’re diverse, innovative, and growing fast
3. What’s a challenge in working in Web3?
✅ The industry is fast-moving and unpredictable
4. Why might you need to explain your Web3 job at family dinners?
✅ Because it’s a new and confusing industry for many
5. What is Web3?
✅ The next version of the internet, decentralized and user-controlled
6. What’s the main role of a Web3 content creator?
✅ Explaining blockchain in an engaging way
7. What do DeFi specialists focus on?
✅ Helping users with decentralized finance protocols like lending and borrowing
8. What does a Web3 community manager do?
✅ Engages with the community and answers user questions
9. Who is the architect of Web3?
✅ Blockchain developers
10. What skill is useful for becoming an NFT artist?
✅ Photoshop and creative design
11. What’s a unique feature of networking in Web3?
✅ It often happens in community spaces like Discord or Telegram
12. How do NFT artists earn in Web3?
✔️By selling their digital creations as NFTs
➡️Task: “Social Media Meets Blockchain: Understanding SocialFi”
1. What is one way creators can monetize their content in SocialFi?
✅ Minting their posts as NFTs
2. What makes SocialFi platforms different from traditional social media?
✅ Users earn rewards for their engagement
3. What is one risk of SocialFi platforms?
✅ Token values can drop, reducing earnings
4. What’s an example of earning rewards on SocialFi?
✅ Posting content and receiving tokens as rewards
5. What is the main takeaway about SocialFi?
✅ It’s where social media meets finance, letting users earn rewards
6. What does decentralization in SocialFi mean?
✅ No single company owns or controls the platform
7. What is a major benefit of SocialFi?
✅ It lets users earn from their social media activity
8. What technology powers SocialFi platforms?
✅ Blockchain
9. What does SocialFi combine?
✅ Social media and decentralized finance
10. How can users earn in SocialFi platforms?
✅ By engaging with content, creating posts, or holding tokens
11. Why is SocialFi appealing to content creators?
✅ It allows them to earn directly without relying on ads
12. What’s a common challenge for SocialFi platforms?
✅ Earnings depend on the value of the platform’s token
⭕️ Task 104 ⭕️
➡️Task: “How Top Brands Are Using NFTs”
1.How did McDonald’s promote their McRib NFT?
✅ Through a social media campaign
2.Why are brands using NFTs?
✅ To engage fans, build loyalty, and explore the digital frontier
3.What did McDonald’s launch as an NFT?
✅ The McRib
4.What does Coca-Cola’s NFT collection include?
✅ Collectible digital loot boxes
5.What is the name of Nike’s virtual sneakers?
✅ CryptoKicks
6.What type of experience does Coca-Cola’s NFT unlock?
✅ Exclusive virtual experiences
7.What is the overall takeaway from the video?
✅ Brands are using NFTs creatively to engage with fans and explore new markets
8.What unique feature does Gucci’s NFT collection offer?
✅ Virtual handbags and accessories sold for more than physical ones
9.What can people do with Nike’s CryptoKicks?
✅ Show them off in the metaverse
10.Why is Gucci’s NFT collection surprising?
✅ Digital items are selling for more than real ones
11.What was the purpose of Taco Bell’s NFT sales?
✅ To raise money for charity
12.What type of NFT did Taco Bell Launch?
✅ NFT art inspired by tacos
⭕️ Task 103 ⭕️
➡️ Task: “What If Crypto Replaced All Currencies Tomorrow?”
1. What happens to currency exchange rates in a crypto-dominated world?
✔️They would disappear, as crypto works the same everywhere.
2. How would taxes work in a crypto-only economy?
✔️Governments would collect taxes in crypto.
3. What was one humorous downside of volatility mentioned in the video?
✔️Googling how to pay rent with memes.
4. How could crypto impact privacy?
✔️It offers more privacy compared to traditional banking.
5. What is a potential downside of being paid in crypto?
✔️Your paycheck value could drop due to volatility.
6. What is the main takeaway from the video?
✔️A crypto-only world would be exciting but chaotic.
7. What might happen if your crypto crashes while you’re traveling?
✔️Your budget could shrink drastically.
8. What would happen to banks in a world where crypto replaces all currencies?
✔️They would be replaced by blockchains handling transactions.
9. What might be a challenge for older generations in a crypto-only world?
✔️Accidentally sending funds to the wrong wallet.
10. What happens if you send crypto to the wrong address?
✔️The transaction can’t be undone.
11. How would you buy groceries in a crypto- only world?
✔️By scanning QR codes and paying in crypto.
12. What is a major risk in a world without traditional currency?
✔️Mismanagement of private keys and gas fees.
⭕️ Task 102 ⭕️
➡️ Task: “Which Countries Are Pioneering Blockchain Technology?”
1. What is China’s approach to blockchain technology?
✔️They are leading with their Digital Yuan CBDC
2. What unique blockchain-powered event was jokingly mentioned for the UAE?
✔️Tokenized camel races
3. What percentage of Nigerian adults own crypto?
✔️Over 35%
4. What is Zug, Switzerland, famous for in the blockchain world?
✔️Being a hotspot for blockchain startups
5. How many people are already using China’s Digital Yuan?
✔️Over 260 million
6. What can residents of Zug do with Bitcoin?
✔️Pay their taxes
7. What is Nigeria’s CBDC called?
✔️eNaira
8. What is El Salvador building that’s powered by volcanic energy?
✔️Bitcoin City
9. What did the video suggest about blockchain solving real-world problems?
✔️It’s helping with financial inclusion in countries like Nigeria
10. What is Dubai aiming to become?
✔️The blockchain capital of the world.
11. What’s the big question about blockchain’s future?
✔️Will it reshape economies or just be another tech trend?
12. What can you use Bitcoin for in El Salvador?
✔️Paying for coffee, taxes, and tips.
⭕️ Task 100,101 ⭕️
➡️ Task: “Level Up Your Crypto Knowledge: The Next 5 Terms You Need to Know”
- 1. What happens during a “Short Squeeze”?
✔️Short sellers are forced to buy back a coin, causing the price to rise rapidly - 2. What is a “Gas War”?
✔️When many traders compete to have their transactions processed first, raising gas fees - 3. Why do “Gas Wars” happen?
✔️Because many traders are trying to get their transactions processed at once, driving up fees - 4. What is a key feature of a “Short Squeeze”?
✔️The price of a coin spikes as short sellers are forced to buy back - 5. What does the term “Moonboy” refer to in cryptocurrency?
✔️Someone who believes every coin will skyrocket to the moon - 6. What is the main characteristic of a Moonboy’s trading strategy?
✔️Expecting every coin to skyrocket regardless of the market situation - 7. What makes “Snipe” trading different from regular trading?
✔️It’s all about timing and making quick, targeted trades - 8. What causes the chaos in a “Short Squeeze”?
✔️A sudden increase in coin price forcing short sellers to buy back the coin - 9. How does a Moonboy view the market?
✔️They believe every coin will eventually skyrocket to high prices - 10. What does “Snipe” mean in crypto trading?
✔️Making quick, precise trades to capitalize on price changes - 11. What is a “Moonshot” investment?
✔️A high-risk investment with the potential for massive returns
➡️Task: “How to Calculate Profit and Loss in Margin Trading”
- 1. In the example where Ethereum rises from $2,000 to $2,100, what is the loss for 2 ETH with 3x leverage before fees?
✔️$600.00 - 2. What additional cost may apply if you hold a margin position for a long time?
✔️Funding costs or interest on borrowed funds. - 3. Why should traders calculate profit and loss before entering a trade?
✔️To analyze the risk-to-reward ratio. - 4. If the entry price is $20,000, the exit price is $22,000, and leverage is 5x, what is the profit before fees for 1 BTC?
✔️$10,000.00 - 5. What does leverage do in margin trading?
✔️It increases both potential profits and risks. - 6. What is the key benefit of understanding how to calculate profit and loss?
✔️It helps you stay in control of your trading decisions. - 7. What is margin trading?
✔️Trading with borrowed funds to open larger positions. - 8. What happens if the market moves against your position in margin trading?
✔️You can incur amplified losses. - 9. What is the basic formula for calculating profit or loss?
✔️(Exit Price – Entry Price) × Position Size × Leverage – Fees. - 10. What is the first step in calculating profit for a margin trade?
✔️Find the difference between the exit price and the entry price. - 11. What tool can help you manage risk in margin trading?
✔️Stop-loss orders.
⭕️ Task 98, 99 ⭕️
➡️ Task: “General Trading Tips Part 1: Plan, Diversify, Succeed”
1. Why is continuous learning important in trading?
✅ The market is always changing, and traders need to adapt.
2. What does managing your risk mean?
✅ Protecting yourself from big losses.
3. What is diversification in trading?
✅ Spreading your investments across different assets.
4. What sources of knowledge were recommended for traders?
✅News, books, and educational videos.
5. What will be the focus of Part 2 in this series?
✅ Technical analysis and spotting market trends.
6. What is the first trading tip mentioned in the video?
✅ Start with a plan.
7. Why is having a trading plan important?
✅ It helps you set goals and manage your trades wisely.
8. What tool can help you automatically exit a trade if the market moves against you?
✅ A stop-loss order.
9. What should you never invest in trading?
✅ More than you can afford to lose.
10. What analogy was used for diversification?
✅ Having multiple fishing lines in the water.
11. Why is it important to keep emotions out of trading?
✅ Emotional decisions can lead to losses.
12. What happens if you put all your funds into one asset?
✅ It increases risk and decreases your chances of success.
➡️ Task: “General Trading Tips Part 2: Risk, Rewards, and Smart Moves”
1. Why should traders avoid overtrading?
✅ It often leads to unnecessary and impulsive trades.
2. How can you ride the wave of market trends?
✅ By trading in the direction of the trend.
3. What does it mean if the market is bullish?
✅ Prices are generally increasing.
4. What is the focus of disciplined trading?
✅ Following your strategy and sticking to your plan.
5. What does technical analysis help traders do?
✅ Read charts, spot trends, and make informed decisions.
6.What is the first tip discussed in Part 2?
✅ Master technical analysis.
7. What is a good risk-reward ratio to aim for?
✅ At least 1:2 (risk $1 to make $2).
8. Why is calculating risk-reward ratios important?
✅ To ensure wins outweigh losses over time.
9. What is the key takeaway about entries and exits?
✅ Timing them smartly is better than rushing trades.
10. What will Part 3 of the series focus on?
✅ Portfolio management and trading psychology.
11. What is important to know about market trends?
✅ Whether the market is bullish or bearish.
12. What tools can help you time your entries and exits?
✅ Support and resistance levels.
⭕️ Task 96,97 ⭕️
‼️ ➡️ Task: “How to Start with Technical Analysis: A Beginner’s Guide”
- 1. What is a common mistake when using technical analysis?
✅Overloading with too many indicators. - 2. Which type of chart is most popular among traders for detailed price action?
✅Candlestick chart. - 3. What do support levels represent in technical analysis?
✅Where prices tend to stop falling. - 4. What is the purpose of the Relative Strength Index (RSI)?
✅To measure momentum. - 5. What do traders use moving averages (MA) for?
✅To see the average price over a period. - 6. Which trend is defined by prices staying within a range?
✅Sideways trend. - 7. What does a resistance level indicate?
✅Where prices tend to stop rising. - 8. What does technical analysis aim to predict?
✅Future price movements. - 9. What’s the first step in starting with technical analysis?
✅Learning to read charts and identify trends. - 10. What is the primary focus of technical analysis?
✅Historical price data and patterns. - 11. What is an uptrend characterized by?
✅Higher highs and higher lows. - 12. Why should traders practice on demo accounts?
✅To learn without risking real money.
‼️ ➡️ Task: “Stop Limit Orders Explained: How to Take Control of Your Trades”
- 1. What is the purpose of a stop price in a stop limit order?
✅To trigger the order when the price reaches a certain level. - 2. What is one key benefit of stop limit orders?
✅They give traders more control over execution. - 3. What is a common mistake when using stop limit orders?
✅Forgetting to adjust them for changing market conditions. - 4. What happens if the market price doesn’t reach the stop price?
✅The stop limit order will not activate. - 5. When is it a good idea to use a stop limit order?
✅To protect profits or minimize losses. - 6. What does a stop limit order combine?
✅A stop price and a limit price. - 7. What does the limit price do in a stop limit order?
✅Ensures the trade executes within a specified price range. - 8. What should traders avoid when setting stop and limit prices?
✅Placing them too close together. - 9. How can a stop limit order help a buyer?
✅By ensuring they don’t pay more than their desired price range. - 10. How can stop limit orders assist in volatile markets?
✅By automating trades with precise conditions. - 11. What is the first step to create a stop limit order?
✅Select “Stop Limit” as your order type. - 12. When might a trader use a stop limit order to sell?
✅To minimize losses when prices drop below a critical level.
⭕️ Task 95 ⭕️
‼️➡️ Task: “10 Principles, 1 Mission: Inside Our Community Manifesto”
- 1. How does Multicultural Exchange strengthen the community?
✔️By bringing diverse perspectives and driving innovation - 2. What does Code is Law ensure?
✔️Transparency and trustless interactions through smart contracts - 3. Why is Equal Opportunity and Access important?
✔️To ensure fairness for everyone in the crypto space - 4. What does Economic Integration and Responsibility focus on?
✔️Building an ethical, sustainable global economy - 5. What does the principle of Unity emphasize?
✔️Supporting each other for collective and individual success - 6. Why is Voluntary Cooperation important?
✔️It brings people together by choice to achieve shared goals - 7. What is the ultimate goal of the manifesto?
✔️To build a united, innovative, and inclusive community - 8. How does the Non-Aggression Principle handle conflicts?
✔️By resolving them peacefully and respecting autonomy - 9. What is the main goal of Competition and Goal Orientation?
✔️Striving for excellence and achieving outstanding results - 10. How does Capital Accumulation drive progress?
✔️By fueling innovation and ensuring sustainability - 11. What is the main purpose of the community manifesto?
✔️To guide and unite the community around shared principles - 12. What does Collective Success mean for the community?
✔️The success of each member contributes to the success of all
⭕️ Task 94 ⭕️
‼️ ➡️ Task: “What is Crypto Winter? Lessons from the Coldest Market Seasons”
1. What do some projects do during a Crypto Winter?
✔️Lay the groundwork for future success.
2. How do skeptics react during a Crypto Winter?
✔️They often say, “I told you so.”
3. Which cryptocurrencies have survived past Crypto Winters?
✔️Bitcoin and Ethereum
4. What’s the best way to beat a Crypto Winter?
✔️Keep building and stay resilient.
5. How do Crypto Winters benefit the community?
✔️They weed out weak projects and strengthen innovation.
6. What is one lesson Crypto Winter teaches?
✔️Focus on resilience, innovation, and long-term growth.
7. What season follows every Crypto Winter?
✔️Crypto Spring
8. What happens after every Crypto Winter?
✔️The market recovers, and growth begins again.
9. What do true believers do during a Crypto Winter?
✔️They build, innovate, and prepare for the future.
10. What is a Crypto Winter?
✔️A period when crypto prices fall, and the market slows down
11. What does “FOMO” stand for?
✔️Fear of Missing Out
12. Why is it important to reflect during Crypto Winter?
✔️To learn from mistakes and improve strategies
⭕️ Task 93 ⭕️
‼️ Task: “Why Your Brain is Sabotaging Your Crypto Trades”
- 1. What is anchoring bias?
✔️Focusing too much on the first price you see - 2. What is a common symptom of shiny object syndrome?
✔️Investing impulsively in hyped tokens like “MoonDoggyCoin” - 3. What’s the key takeaway from the video?
✔️Understanding your psychology helps you trade smarter - 4. How can you avoid herd mentality?
✔️Make decisions based on your own research - 5. How do you avoid recency bias?
✔️Look at historical data and market cycles - 6. What is hindsight bias in crypto trading?
✔️Thinking you predicted something after it happens - 7. What is recency bias?
✔️Believing recent trends will continue indefinitely - 8. How can you avoid hindsight bias?
✔️Write down your reasons for every trade - 9. What is herd mentality in crypto trading?
✔️Following what everyone else is doing without proper research - 10. What is shiny object syndrome?
✔️Chasing new tokens just because they’re hyped - 11. How do you combat anchoring bias?
✔️Focus on the fundamentals, not just past prices - 12. Why is overconfidence dangerous in crypto trading?
✔️It can lead to bigger risks and ignoring warning signs
⭕️ Task 91, 92 ⭕️
‼️ Task: “How ‘Code is Law’ Shapes the Future of Our Community”
1. How does blockchain handle the rules?
✔️They’re visible and unchangeable
2. What is the key advantage of trustless systems?
✔️They don’t depend on individuals for integrity
3. What does blockchain ensure in transactions?
✔️Transparency and fairness
4. What’s one benefit of transparency in blockchain?
✔️Everyone can see the rules and outcomes
5. What replaces trust in traditional systems?
✔️The unbreakable rules of code
6. What happens if conditions of a smart contract are met?
✔️The deal is executed automatically
7. Why is “Code is Law” important?
✔️It eliminates reliance on intermediaries
8. What does “Code is Law” mean in the crypto world?
✔️Code and smart contracts are the ultimate authority
9. Who would likely try to rewrite the blockchain code?
✔️Zeus
10. Why are smart contracts trustworthy?
✔️They don’t lie, cheat, or forget the rules
11. What do smart contracts do?
✔️Automatically execute agreements when conditions are met
12. Why do we use blockchain for agreements?
✔️To create secure, honest, and transparent interactions
‼️ Task: “The Story of Bitcoin Skeptics: Missed Opportunities and Big Lessons”
1. What was the main focus of Bitcoin’s early believers?
✔️ What Bitcoin could become in the future
2. What’s the core message of this video?
✔️ Don’t let doubt stop you from seeing the potential in something new
3. What can the story of Bitcoin teach us about risk-taking?
✔️ Sometimes risks lead to the biggest rewards
4. Why is it important to invite friends to explore new ideas?
✔️ Sharing knowledge helps the community grow and learn together
5. What major innovations were doubted before becoming huge successes?
✔️ The internet, smartphones, and online shopping
6. What was the main focus of Bitcoin’s early believers?
✔️ What Bitcoin could become in the future
7. What did one person famously spend 10,000 Bitcoin on?
✔️ Two pizzas
8. What did many people think about Bitcoin when it first appeared?
✔️ They thought it was a fad or scam
9. What makes today’s doubt potentially dangerous?
✔️ It could lead to missed opportunities tomorrow
10. Why did Bitcoin thrive despite early doubt?
✔️ It showed revolutionary potential and resilience
11. What does “staying curious” mean in the context of this video?
✔️Being open to exploring and understanding new technologies
12. What lesson does Bitcoin’s rise teach us about new ideas?
✔️Stay open to the unknown and take risks
13. What happened to Bitcoin after early skeptics dismissed it?
✔️ It rose in value and proved them wrong
⭕️ Task 89, 90 ⭕️
‼️ Task: “When and How to Use Long Position in Crypto Trading“
1. What is a long order?
✔️ A bet that an asset’s price will rise.
2. What is the role of professional tools in trading?
✔️ To simplify risk management and trading decisions.
3. What does “stop-loss” do?
✔️ Limits your potential losses.
4. Why should beginners start small in margin trading?
✔️ To minimize risks and learn gradually.
5. What’s the most important mindset when starting trading?
✔️ Learn, analyze, and experiment.
6. When is it a good idea to open a long order?
✔️ When positive news suggests a price increase
7. What tool is essential for managing risk in long orders?
✔️ Stop-loss.
8. Why is analysis important before opening a long order?
✔️ It helps you make informed decisions about price trends.
9. What type of market is good for long orders?
✔️ A stable market.
10. What does leverage do in margin trading?
✔️ Increases both potential profit and risk.
11. What is a benefit of practicing on demo accounts?
✔️ Learning without financial risk.
12. What’s the first step in creating a long order?
✔️ Choosing an asset
‼️ Task: “When and How to Use Short Positions in Trading”
1. What is a short order?
✔️ Selling a borrowed asset expecting its price to drop.
2. What does leverage do in margin trading?
✔️ Amplifies both potential profits and risks.
3. What’s a key risk management tool when shorting?
✔️ Stop-loss.
4. What do you need to profit from a short order?
✔️ A decrease in the asset’s price.
5. What should traders monitor when holding a short order?
✔️ Market trends and their stop-loss levels.
6. What is one cost associated with shorting?
✔️ Borrowing fees for holding the position.
7. In trading, who handles the borrowing process for short orders?
✔️ The trading platform.
8. Which of the following situations is a good time to consider shorting?
✔️ When negative news affects market confidence.
9. What type of market trend is ideal for short orders?
✔️ A downtrend.
10. Why should beginners start with smaller positions?
✔️ To minimize risks and learn how shorting works.
11. Why is technical analysis important for short orders?
✔️ It helps identify trends and resistance levels.
12. What is the main goal of a short order?
✔️ To sell high and buy back low.
⭕️ Task 88 ⭕️
Task: “Top 5 Crypto Trading Strategies You Need to Know”
1.What’s the main idea of the HODL strategy?
✔️ Buy and hold for the long term, ignoring short-term fluctuations
2.What’s a key tip for day trading?
✔️ Avoid trading while distracted or emotional.
3.What’s a benefit of the DCA strategy?
✔️ You don’t need to time the market
4.What is a key warning about scalping?
✔️ It requires fast reflexes and a strong internet connection
5.How does Dollar-Cost Averaging (DCA) work?
✔️ Investing a fixed amount regularly, regardless of market price
6.What is the focus of scalping as a trading strategy?
✔️ Making quick, small trades for tiny profits
7.What is the key takeaway about trading strategies?
✔️ The best strategy depends on your personality and goals
8.What’s a benefit of swing trading?
✔️ It allows you to capitalize on market swings without constant monitoring
9.What does “HODL” stand for in crypto trading?
✔️ Hold On for Dear Life
10.What is day trading best suited for?
✔️ People who enjoy quick trades and watching markets closely
11.What’s the main difference between day trading and swing trading?
✔️ Day trading involves faster, shorter trades compared to swing trading
12.How long do swing traders typically hold their positions?
✔️ Days or weeks
⭕️ Task 87 ⭕️
Task: “Tokenomics Made Simple: How Crypto Gains Value”
1. What does it mean when a token is used for governance?
✔️ Token holders can vote on project decisions.
2. What’s a potential risk with tokens that have unclear use cases?
✔️ They might lose value quickly.
3. Why is token distribution important?
✔️ Uneven distribution might favor project creators too much.
4. What is the key takeaway about tokenomics?
✔️ It’s the balance of supply, demand, and use cases.
5. What does “tokenomics” primarily deal with?
✔️ How a cryptocurrency works economically.
6. What can influence a token’s price besides supply and demand?
✔️ Market psychology and tokenomics design.
7. What can happen to a token if demand disappears?
✔️ Its value drops significantly.
8. What is a key factor in creating demand for a token?
✔️ Its utility and usefulness.
9. What is Bitcoin’s maximum supply?
✔️ 21 million coins.
10. What is an example of a factor that could lower a token’s value?
✔️ Lack of demand or a weak use case.
11. What happens when a cryptocurrency has a very low supply?
✔️ Its value tends to increase due to scarcity.
12. What are “use cases” in tokenomics?
✔️ Practical applications or functions of a token
9. What is Bitcoin’s maximum supply?
✔️ 21 million coins.
10. What is an example of a factor that could lower a token’s value?
✔️ Lack of demand or a weak use case.
11. What happens when a cryptocurrency has a very low supply?
✔️ Its value tends to increase due to scarcity.
12. What are “use cases” in tokenomics?
✔️ Practical applications or functions of a token
Tasks 82, 83, and 84
➡️Task: “Michael Saylor: The CEO Who Bet It All on Bitcoin”
1. What lesson can we learn from Saylor’s story?
✔️Take bold risks when you believe in the potential
2. What nickname could describe Saylor’s approach to Bitcoin?
✔️The Hustler
3. What’s the best way to follow in Saylor’s footsteps?
✔️Believe in your investment and HODL
4. What company was Michael Saylor the CEO of?
✔️MicroStrategy
5. How did Saylor inspire others in the crypto world?
✔️He encouraged them to invest in Bitcoin
6. What was Saylor’s message about Bitcoin?
✔️”Bitcoin is the future!”
7. How much Bitcoin did MicroStrategy invest in?
✔️Billions
8. What was Saylor’s role in Bitcoin adoption?
✔️A vocal advocate for institutional investment
9. What’s the main takeaway from Michael Saylor’s bold move?
✔️Innovation requires taking risks
10. What bold move did Michael Saylor make to save his company?
✔️He invested heavily in Bitcoin
11. What impact did Bitcoin have on MicroStrategy?
✔️It turned the company around
12. Why did Saylor call cash “trash”?
✔️He believed inflation was reducing its Value
➡️Task: “What Is a Margin Call in Trading?”
1. How is a margin call similar to a warning?
✔️It gives you a chance to add funds or adjust your position
2. When does a margin call happen?
✔️When your account’s equity falls below the maintenance margin
3. What is the best approach to handling margin calls?
✔️Trade responsibly and avoid them in the first place
4. Why might a broker issue a margin call?
✔️To ensure there’s enough collateral to cover potential losses
5. What happens if your equity is above the maintenance margin?
✔️Your position remains open without issues
6. What does a broker do if you ignore a margin call?
✔️They may liquidate your position
7. What is the main risk of trading with margin?
✔️Losses can grow quickly if the market moves against you
8. What is liquidation?
✔️Automatically closing your position to prevent further losses
9. What is the maintenance margin?
✔️The minimum amount of equity you need to keep your position open
10. What’s a simple way to avoid a margin call?
✔️Use stop-loss orders and monitor your balance regularly
11. What did the video say about platforms like CEX.IO?
✔️They provide tools to monitor margin levels and risks
12. What is a margin call?
✔️ A broker’s request to add more funds to cover losses
➡️Task: “Meme Coins, Bitcoin ATH, and the Next Big Opportunity in Crypto”
1. Why is it helpful to trade on a trusted platform?
✔️For reliable tools and secure transactions
2. Why are meme coins like DOGS and NOT popular?
✔️Hype and social media buzz
3. What does the bull run signify in the crypto market?
✔️Rising prices and a strong market trend
4. How can you avoid falling victim to FOMO?
✔️By researching before investing and staying calm
5. What’s the best way to start in crypto if you’re new?
✔️Learn the basics and start small
6. What is FOMO?
✔️Fear of Missing Out
7. How can inviting friends to join a platform benefit you?
✔️It can grow the community and often comes with rewards
8. Why is trying something new in crypto important?
✔️It can open doors to unique opportunities
9. What’s a key reason for HODLing in crypto?
✔️To ride out market volatility and maximize long-term gains
10. What does ATH stand for in the crypto world?
✔️All-Time High
11. What’s a unique feature of meme coins compared to Bitcoin?
✔️They’re driven by community and humor
12. Why should you stay updated on crypto trends?
✔️To make informed decisions and seize opportunities
⭕️ Task 78,79,80,81 ⭕️
➡️Task: ” Crypto and the Economy: The Interplay of Innovation and Finance “
- 1. Why are governments introducing CBDCs?
✔️To provide a state-backed alternative to private cryptocurrencies - 2. What’s one benefit of DeFi compared to traditional finance?
✔️No paperwork required for loans - 3. How do high interest rates affect crypto markets?
✔️They often lead to sell-offs of riskier assets like crypro - 4. What was the key takeaway about crypto and the macro economy?
✔️They’re becoming more intertwined and influence each other - 5. What is DeFi short for?
✔️Decentralized Finance - 6. What is Bitcoin often called during times of high inflation?
✔️Digital gold - 7. What does the phrase “crypto is volatile” mean?
✔️Its value can change dramatically due to market events - 8. What kind of economic event often makes Bitcoin’s price rise?
✔️High inflation - 9. How are Bitcoin and the stock market connected in 2024?
✔️Bitcoin’s price often moves in sync with tech-heavy indices like Nasdaq - 10. How is DeFi disrupting traditional finance?
✔️It offers alternatives for loans, savings, and investments - 11. What financial process does Bitcoin make faster and cheaper?
✔️Cross-border payments - 12. What are CBDCs?
✔️Central Bank Digital Currencies
➡️Task: “Non-Aggression Principle: Why Collaboration Beats Confrontation”
- 1. What happens when we pull at each other’s threads?
✔️The community unravels - 2. What does the Non-Aggression Principle prioritize?
✔️Respecting autonomy and rights - 3. Who do we respect under the Non- Aggression Principle?
✔️Everyone, both inside and outside the community - 4. What is the foundation of our community?
✔️Trust and unity - 5. How should you approach a disagreement about pineapple on pizza?
✔️With understanding and mutual respect - 6. What does the Non-Aggression Principle ultimately create?
✔️A strong, harmonious community - 7. How does our community handle disagreements?
✔️Through peaceful and respectful dialogue - 8. What is the key to a harmonious community?
✔️Peaceful collaboration and mutual respect - 9. What is peace defined as in the video?
✔️The presence of respect - 10. What principle does our community follow to resolve conflicts?
✔️The Non-Aggression Principle - 11. What does the Non-Aggression Principle avoid?
✔️Confrontation and hostility - 12. How do we view disagreements in the community?
✔️As opportunities for understanding
➡️Task: “Crypto Wallets Explained: Hot vs. Cold Wallets“
- 1. What should you never do with your private key?
✔️Write it on a sticky note and leave it in a coffee shop - 2. How does a hot wallet function?
✔️It is connected to the internet for fast transactions - 3. How does CEX.IO use hot wallets?
✔️For fast transactions and trading needs - 4. What does a crypto wallet store?
✔️Private and public keys - 5. What is a cold wallet compared to in the video?
✔️A safe buried in your backyard - 6. What is the main purpose of a private key?
✔️To sign transactions and access your crypto - 7. What is one disadvantage of cold wallets?
✔️They are less convenient for quick transactions - 8. How does CEX.IO combine hot and cold wallets for users?
✔️By offering the speed of hot wallets and security of cold wallets - 9. What does a wallet use to confirm a transaction?
✔️The private key for a digital signature - 10. What is a public key compared to?
✔️An email address you can share - 11. What happens if someone gets access to your private key?
✔️They can take all your crypto - 12. Where does CEX.IO store the majority of customer crypto?
✔️In cold wallets for enhanced security
➡️Task: “What Is Crypto Margin Trading? Learn How It Works”
1. What is margin trading ultimately about?
✔️Strategy, research, and responsible decisions
2. Why might traders use margin trading?
✔️To amplify potential profits
3. What is crypto margin trading?
✔️Trading with borrowed funds to control a larger position
4. What happens if your trade goes against you and your collateral is insufficient?
✔️Your position gets liquidated
Previous Codes:
| How does solar energy impact electricity costs? | It can lower costs significantly |
| What is the video’s overall message about solar energy? | It’s time to embrace sustainable energy solutions |
| What humorous analogy is used to describe solar panels? | They are like the cats of the energy world |
| What makes solar power eco-friendly? | It reduces carbon footprints |
| What is one reason to choose solar power for mining? | Increased independence from energy suppliers |
| What is the main benefit of using a solar power plant? | Cost-effective energy |
| What type of energy does a solar power plant provide? | Renewable energy |
| What’s one outcome of adopting solar power in mining? | Lower operational costs |
| What is a characteristic of solar panels? | Low maintenance |
| What is the primary energy source for solar power? | The sun |
| Why is solar energy considered sustainable? | It comes from the sun, which won’t run out |
| How do dedicated lines help reduce downtime? | By providing consistent power |
| What safety benefit do dedicated transmission lines provide? | Reduced risk of electrical hazards |
| Why are dedicated lines better than regular lines? | They have fewer interruptions |
| What does stable voltage mean for your mining rigs? | They can operate at peak performance |
| What is the relationship between power transmission lines and safety? | Better maintenance reduces risks |
| What’s a key advantage of having fewer outages? | More mining time |
| How can dedicated lines future-proof your mining operations? | They can handle increased energy demands |
| What is a fun way to describe the benefits of stable power? | Smooth sailing |
| What overall message does the video convey about power transmission lines? | They are essential for reliable mining operations |
| What analogy is used for dedicated lines delivering power? | A private highway for electricity |
| What do power transmission lines deliver to your mining operation? | Electricity |
| What is the main purpose of a DDoS attack? | To disrupt services |
| What should you think of when you hear ‘DDoS resistance’? | A bouncer at the door |
| What does DDoS resistance provide for your mining operations? | Protection from cyber attacks |
| What does DDoS stand for? | Distributed Denial of Service |
| What resource can you better manage with DDoS resistance? | Time and energy |
| How does DDoS resistance contribute to peace of mind? | Reduces worry about attacks |
| How does DDoS resistance help maintain continuous operation? | By preventing interruptions |
| What is a fun analogy used for DDoS resistance? | A digital fortress |
| What is one benefit of having a good reputation in the crypto world? | Attracting more investors |
| What can you do instead of worrying about DDoS attacks? | Focus on optimizing mining performance |
Previous Codes:
| 1. How does solar energy impact electricity costs? | It can lower costs significantly |
| 2. What is the video’s overall message about solar energy? | It’s time to embrace sustainable energy solutions |
| 3. What humorous analogy is used to describe solar panels? | They are like the cats of the energy world |
| 4. What makes solar power eco-friendly? | It reduces carbon footprints |
| 5. What is one reason to choose solar power for mining? | Increased independence from energy suppliers |
| 6. What is the main benefit of using a solar power plant? | Cost-effective energy |
| 7. What type of energy does a solar power plant provide? | Renewable energy |
| 8. What’s one outcome of adopting solar power in mining? | Lower operational costs |
| 9. What is a characteristic of solar panels? | Low maintenance |
| 10. What is the primary energy source for solar power? | The sun |
| 11. Why is solar energy considered sustainable? | It comes from the sun, which won’t run out |
| 12. How do dedicated lines help reduce downtime? | By providing consistent power |
| 13. What safety benefit do dedicated transmission lines provide? | Reduced risk of electrical hazards |
| 14. Why are dedicated lines better than regular lines? | They have fewer interruptions |
| 15. What does stable voltage mean for your mining rigs? | They can operate at peak performance |
| 16. What is the relationship between power transmission lines and safety? | Better maintenance reduces risks |
| 17. What’s a key advantage of having fewer outages? | More mining time |
| 18. How can dedicated lines future-proof your mining operations? | They can handle increased energy demands |
| 19. What is a fun way to describe the benefits of stable power? | Smooth sailing |
| 20. What overall message does the video convey about power transmission lines? | They are essential for reliable mining operations |
| 21. What analogy is used for dedicated lines delivering power? | A private highway for electricity |
| 22. What do power transmission lines deliver to your mining operation? | Electricity |
| 23. What is the main purpose of a DDoS attack? | To disrupt services |
| 24. What should you think of when you hear ‘DDoS resistance’? | A bouncer at the door |
| 25. What does DDoS resistance provide for your mining operations? | Protection from cyber attacks |
| 26. What does DDoS stand for? | Distributed Denial of Service |
| 27. What resource can you better manage with DDoS resistance? | Time and energy |
| 28. How does DDoS resistance contribute to peace of mind? | Reduces worry about attacks |
| 29. How does DDoS resistance help maintain continuous operation? | By preventing interruptions |
| 30. What is a fun analogy used for DDoS resistance? | A digital fortress |
| 31. What is one benefit of having a good reputation in the crypto world? | Attracting more investors |
| 32. What can you do instead of worrying about DDoS attacks? | Focus on optimizing mining performance |
Previous Codes:
- 1. What happens when you use 10x leverage?
✔️Your $100 controls a $1,000 position - 2. What is the most important thing to remember about leverage?
✔️Use strategy, preparation, and know your limits - 3. Who should consider using leverage in trading?
✔️Experienced traders who understand the risks - 4. Why is leverage compared to a rollercoaster in the video?
✔️It’s thrilling but comes with risks - 5. What is liquidation in leverage trading?
✔️The platform closing your position when losses exceed your margin - 6. What do you call the money you put up as your own in a leveraged trade?
✔️Margin - 7. What is the downside of using leverage?
✔️Losses are amplified just like profits - 8. What is leverage in crypto trading?
✔️Borrowing funds to increase the size of your trades - 9. What is the main benefit of using leverage?
✔️Maximizing potential gains with smaller initial funds - 10. What does the video compare leverage to?
✔️Adding a turbocharger to your car - 11. What happens if your margin isn’t enough to cover losses?
✔️Your position is liquidated - 12. What does leverage do to your profits and losses?
✔️It multiplies both profits and
Previous Codes:
Other Answer:
- 1.The Ghost of FOMO can make traders feel like they need to?
✔️Act fast or miss out - 2.A good way to avoid the Specter of Regret is to?
✔️Make thoughtful, informed decisions - 3.Trying something new in crypto could involve?
✔️Exploring new coins and approaches responsibly - 4.The Phantom of Volatility is most likely to?
✔️Cause unpredictable changes in the market - 5.What is the Ghost of FOMO known for?
✔️Making traders fear missing out on profits - 6.How should traders deal with the “Crypto Ghosts”?
✔️Recognize them but don’t let them influence your actions - 7.How can inviting friends benefit traders in crypto?
✔️It helps spread awareness and build a community - 8.In the video, the main idea behind hodling is to?
✔️Stay calm and hold despite market volatility - 9.What does the Wraith of Bad Advice encourage traders to do?
✔️Follow unverified or risky advice - 10.Why is it useful to identify the “ghosts” in trading?
✔️To understand and control emotional responses - 11.The Specter of Regret often reminds traders of?
✔️Missed opportunities and decisions they regret - 12.The overall message of the video suggests that?
✔️Crypto trading can be unpredictable, but managing emotions is key
Other Question Part 1
1. How does Dogecoin stand out?
✅ Humor and community spirit
2. What enhances memecoin enjoyment?
✅ Embracing fun and lightheartedness
3. What’s surprising about some memecoins?
✅ Unexpected partnerships
4. What theme is presented about memecoins?
✅ Entertainment with potential
5. What inspired memecoins?
✅ Internet memes
6. What approach do memecoins take?
✅ Community-driven engagement
7. What analogy is used for the memecoin community?
✅ Digital summer camp
8. How are potential gains from memecoins described?
✅ Part of a crypto adventure
9. What does “play to win” mean?
✅ Engaging with the community
10. How does the memecoin community operate?
✅ Sharing ideas and content
11. What boosts memecoin popularity?
✅ Low price and social media
12. How is memecoins trading described?
✅ An adventurous journey
Other Questions Part 2
- 1.What should a Bagholder do in a downturn?
Consider their options carefully - 2.What is a Bagholder?
Someone holding onto a losing investment - 3.How can FUD impact your trading?
It can lead to rash decisions - 4.What does FUD stand for?
Fear, Uncertainty, and Doubt - 5.What does Pump and Dump refer to?
A scheme to inflate and then sell a coin - 6.What is a risk of participating in a Pump and Dump?
You could lose money if you buy at the peak - 7.How can FUD affect behavior?
It can create fear and hesitation - 8.How does DeFi empower users?
By allowing direct transactions without intermediaries. - 9.How does FOMO impact your decisions?
It can lead to impulsive choices - 10.What is DeFi?
Decentralized Finance without traditional banks. - 11.Why is it important to involve friends in crypto discussions?
To share knowledge and insights - 12.What does FOMO mean?
Fear of Missing Out