CEX Quiz Answers 21 December 2024
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1. What’s more important according to successful traders?
– Time in the market
2. How do billionaires manage risk?
– By using stop-loss orders and not investing more than they can afford to lose
3. What analogy is used for diversification in the video?
– A financial buffet where you sample everything
4. What separates crypto billionaires from average traders?
– Strategy, discipline, and research
5. What is a humorous piece of advice from a billionaire?
– I sleep well because I don’t check my portfolio at 3 AM
6. How do successful traders manage emotions?
– By treating crypto like a chess game, not a slot machine
7. What is a key habit of crypto billionaires?
– Staying curious and constantly learning
8. What does DYOR stand for?
– Do Your Own Research
9. What is the crypto world compared to?
– A fast-moving industry requiring constant adaptation
10. Why do successful traders avoid chasing pumps?
– They focus on planting seeds and letting them grow
11. Why is diversification important?
– It reduces risk by spreading investments across different assets
12. What’s the main takeaway about research?
– It’s essential for understanding tokenomics and project value
13. What happens when Bitcoin “sneezes”?
– The rest of the crypto market catches a cold
14. What would a balanced crypto ecosystem look like?
– Multiple blockchains thriving together with different use cases
15. What is the risk of being too dependent on Bitcoin?
– If Bitcoin faces regulatory issues, the whole market could be affected
16. What percentage of the crypto market cap does Bitcoin typically hold?
– 40-50%
17. What is the risk of Bitcoin being the “single point of failure”?
– The entire market could collapse if Bitcoin struggles
18. Why does the video compare Bitcoin to the quarterback of a team?
– Because the quarterback is important but can’t win alone
19. What is the suggested solution to over-dependence on Bitcoin?
– Diversifying portfolios with altcoins that solve real problems
20. What analogy is used to describe Bitcoin in the video?
– The Coca-Cola of crypto
21. What advice is given about investing in the crypto market?
– Diversify, innovate, and build resilience
22. What are Ethereum, Solana, and Cardano referred to in the video?
– The backup dancers
23. How does the video describe altcoins in the crypto market?
– Tokens that solve real problems and complement Bitcoin
24. What is the key takeaway from the video?
– The crypto market needs less dependence on Bitcoin and more balance
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What’s more important according to successful traders?
– Time in the market
2. How do billionaires manage risk?
– By using stop-loss orders and not investing more than they can afford to lose
3. What analogy is used for diversification in the video?
– A financial buffet where you sample everything
4. What separates crypto billionaires from average traders?
– Strategy, discipline, and research
5. What is a humorous piece of advice from a billionaire?
– I sleep well because I don’t check my portfolio at 3 AM
6. How do successful traders manage emotions?
– By treating crypto like a chess game, not a slot machine
7. What is a key habit of crypto billionaires?
– Staying curious and constantly learning
8. What does DYOR stand for?
– Do Your Own Research
9. What is the crypto world compared to?
– A fast-moving industry requiring constant adaptation
10. Why do successful traders avoid chasing pumps?
– They focus on planting seeds and letting them grow
11. Why is diversification important?
– It reduces risk by spreading investments across different assets
12. What’s the main takeaway about research?
– It’s essential for understanding tokenomics and project value
13. What happens when Bitcoin “sneezes”?
– The rest of the crypto market catches a cold
14. What would a balanced crypto ecosystem look like?
– Multiple blockchains thriving together with different use cases
15. What is the risk of being too dependent on Bitcoin?
– If Bitcoin faces regulatory issues, the whole market could be affected
16. What percentage of the crypto market cap does Bitcoin typically hold?
– 40-50%
17. What is the risk of Bitcoin being the “single point of failure”?
– The entire market could collapse if Bitcoin struggles
18. Why does the video compare Bitcoin to the quarterback of a team?
– Because the quarterback is important but can’t win alone
19. What is the suggested solution to over-dependence on Bitcoin?
– Diversifying portfolios with altcoins that solve real problems
20. What analogy is used to describe Bitcoin in the video?
– The Coca-Cola of crypto
21. What advice is given about investing in the crypto market?
– Diversify, innovate, and build resilience
22. What are Ethereum, Solana, and Cardano referred to in the video?
– The backup dancers
23. How does the video describe altcoins in the crypto market?
– Tokens that solve real problems and complement Bitcoin
24. What is the key takeaway from the video?
– The crypto market needs less dependence on Bitcoin and more balance
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