Bittime – Are you new to the crypto ecosystem? That means this article was written for you! Here, you will learn about 10 crypto camps, each of which provides different benefits. So, you can choose which camp you want to enter according to your abilities and needs.
Just take a look at the explanation!
10 Crypto Camps: Different Camps, Different Profits
This education about crypto was expressed by Angga Adinata, one of Indonesia's well-known crypto influencers. Angga stated that there are 10 camps that beginners can learn from. Each camp has its requirements and risks. So, you must understand it well when you want to join it.
Check Today's Crypto Market:
1. Investor Camp
The first camp is the investor nest camp. This is not the place for FOMO people who buy a coin when it is hyped or sell it when it is down on the first day. This camp contains people who do buy then hold.
They understand that investing takes a long time to get maximum profits, including in crypto.
If you want to enter this camp, you must be willing to learn about investment fundamentals and the tokens you want to look at.
2. Trading Camp
This camp usually has users who will buy and sell crypto assets within a certain period. Knowing to read the fundamentals of a token is also necessary here.
Apart from that, you must also understand techniques and how to analyze on-chain, tokenomics, and global situations that can affect the price of crypto tokens.
3. Epee Camp
This camp will be full of speculation. Because, degen is a high level of speculation, when you are still a beginner, don't get trapped in this camp and suffer big losses because you don't understand how to manage greed or carry out good token screening.
You also have to understand how whales influence a token. Because, if whales are interested in a token, it means the token is really good. However, don't be fooled either. You must study in detail the token you want to take.
Also Read: What is Degen Chain and DEGEN Token? Layer 3 at the Heart of the Community
4. Air Drop Hunter Camp
In this camp, it seems difficult because the process is quite complicated, but airdrop hunting does provide a lot of rewards with little capital. Because, usually spending capital is only required to get tokens via airdrop.
A token is usually water-dropped for several reasons, such as:
- New token listing
- Token is undertaking a project launch
- Tokens earn huge profits beyond their goals
Some things that must be understood when wanting to enter this camp are:
- Must understand how to use the web3 wallet
- Can explore new chains and applications well
- Can access DeFi wallets
- Secure your wallet properly
- Having time to do the tasks is a condition for getting an airdrop
5. Public Sale Hunter Camp
Similar to camp number 4, here you can hunt for crypto projects that will be launched on various launchpad protocols. Here, you will later buy tokens at the initial stage at a price that is usually lower than the regular selling price because the price applied is still presale.
Here, you will become a mini venture capital because you become an early-stage investor in a crypto project before the token is officially launched.
However, you must understand well the tokenomics of a token and read the whitepaper carefully.
6. Retro Drop Camp
Similar to the hunter camp airdrop, but the capital spent here is greater because you usually have to collect points by doing initial staking or swapping tokens. Later, coins can be exchanged for tokens when they are officially launched.
Activities at the retro drop camp, apart from hunting for points, include topping up TVL or staking tokens and exploring the token project in depth so that you understand how the fundamentals of the project are carried out.
7. Yield Farmer Camp
Here, you don't just buy and hold like in an investor camp, but also stake tokens in places that can provide good yields. Here you can also stick coins to validators and share fees or become a liquidity provider on DEX as a bridge for other people's trading.
What you need to know is that yields in crypto can change at any time. This is why it is called yield farming. You can hunt for various protocols that can provide various profitable yields.
8. Bug Bounty Camp
The next crypto camp is the bug bounty camp. The way it works is very easy. You can check crypto for bugs and then report them when you find them. Later, you can get a reward for providing this information.
The concept is simple, but to be able to report bugs, you have to understand coding well.
Also read: In just 1 year, some hackers become billionaires through crypto asset bug prizes
9. NFT Collector Camp
As the name suggests, you are an NFT collector. The NFTs are not picky, starting from image NFTs, game items, and others. You have to understand the various types of NFTs and of course, you have to be active in the community so you know the latest NFT developments.
10. Web3 Employee Camp
Even though the Decentralized Application is only a smart contract, it contains real people. There are many parts to it, from developers to community managers. Well, here is the best place to incubate to understand crypto in depth.
In this camp, you have to understand English well because crypto is a global asset. By becoming a Web3 employee, you can get many benefits, from cool and important crypto networks to getting project leaks that have not been announced to the public.
Also Read How To Buy Crypto:
Conclusion
Those are 10 crypto camps that must be understood by beginners who are just starting to enter the crypto ecosystem. Study it well so you can get more profits in crypto.
How to Buy Crypto from Bittime
You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also:
The Airdrop Blast Program will be implemented with Increased Prizes on June 26!
Crypto 101: 5 Crypto Quadrants that beginners must understand
Bitcoin Investments in the US Increase: US Bitcoin ETF Receives $257 Million in Funding!
DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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