Walbi Academy: Course 4 in Review: A Deep Dive

Have you completed Course 4 at Walbi Academy yet? If not, you're missing out on valuable insights into the world of cryptocurrency. Let's dive deeper into what you learned in this exciting course.

Lesson 1: Building Your Crypto Foundation on Walbi

The first lesson laid the groundwork for your crypto journey. You learned how to:

• Set up your Walbi account: A simple and secure process to get started. The course provided step-by-step instructions, including how to choose a strong password and enable two-factor authentication for added security.
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• Fund your Walbi wallet: Safely deposit your funds using various methods. You explored options like bank transfers, credit cards, and cryptocurrency deposits. The course also emphasized the importance of verifying your identity to comply with regulatory requirements.
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• Understand trading pairs and order types: Essential knowledge for navigating the crypto market. You learned about different types of trading pairs, such as Bitcoin/USD and Ethereum/USDT, and how to place various order types, including market orders, limit orders, and stop-loss orders.

Lesson 2: Investing Your $100 Wisely

In Lesson 2, you discovered how to make the most of your $100 investment:

• Conduct cryptocurrency research: Find undervalued coins with potential. The course provided tips on analyzing factors like market capitalization, trading volume, team experience, and technology. You also learned about the importance of fundamental analysis and technical analysis in identifying promising cryptocurrencies.
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• Create a diversified mini-portfolio: Spread your risk across different cryptocurrencies. The course explained the benefits of diversification and suggested strategies for allocating your $100 across various assets. You also learned about the concept of risk tolerance and how to determine the appropriate level of diversification for your investment goals.
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• Utilize dollar-cost averaging (DCA): Invest consistently over time. The course discussed the advantages of DCA, including reducing the impact of market volatility and avoiding emotional decision-making. You learned how to set up a DCA strategy and calculate your regular investment amount.
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• Minimize transaction fees: Save money on your trades. The course explained different types of fees, such as trading fees, withdrawal fees, and network fees. You learned how to compare fees across different exchanges and choose the most cost-effective option.

Lesson 3: Protecting Your Crypto: Top Scams to Avoid in 2024

In Lesson 3, we talked about how cryptocurrency scams are a real threat. This lesson equipped you with the knowledge to:

• Recognize phishing scams: Spot fake emails and websites. The course provided examples of common phishing tactics, such as fake giveaways, fake support requests, and fraudulent investment opportunities. You learned how to identify red flags and protect your personal information.
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• Avoid pump-and-dump schemes: Stay away from artificially inflated prices. The course explained how pump-and-dump schemes work and the risks involved in participating in such activities. You learned how to identify potential pump-and-dump schemes and avoid falling victim to them.
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• Detect rug pulls: Understand when a project abandons investors. The course discussed the signs of a potential rug pull, including sudden price spikes, excessive marketing, and lack of transparency. You learned how to research projects thoroughly before investing and protect your funds from rug pulls.
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• Protect yourself from giveaway scams: Be wary of free crypto offers. The course explained the common tactics used in giveaway scams, such as fake social media accounts and fraudulent websites. You learned how to verify the legitimacy of giveaways and avoid falling for scams.
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• Identify impersonation scams: Spot fake support and influencers. The course provided tips on how to identify fake support channels and social media accounts. You learned the importance of verifying the authenticity of accounts before sharing personal information or following investment advice.

Lesson 4: Staying Ahead of the Curve

The final lesson focused on staying informed and prepared for the future:

• Follow top resources for crypto news: Keep up-to-date with the latest developments. The course recommended reputable news sources and social media channels for staying informed about the crypto market. You also learned about the importance of critical thinking and verifying information from multiple sources.
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• Explore emerging trends and innovations: Understand the future of cryptocurrency. The course discussed emerging trends, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and the metaverse. You learned about the potential impact of these trends on the crypto industry and how to stay ahead of the curve.
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Did you find Course 4 informative and helpful? Reach out to us on social media to let us know what you like and what you want to see in future coursers.

Ready to take the next step? Course 5 starts next week!