CEX Quiz Answers 29 March 2025
1. What is a common issue with DeFi investments?
– They can be complicated and risky
2. What is the paradox of choice in crypto?
– Too many options make it harder to decide
3. What happens when a new crypto trend appears?
– People rush in, and then it may fade quickly
4. What’s one way to avoid getting stuck in analysis paralysis?
– Make a decision based on research and risk management
5. What is the main lesson from the video?
– Don’t overthink, research well, and take action
6. Why do influencers make crypto choices even harder?
– They give conflicting advice and hype different projects
7. What is the best approach to surviving the crypto market?
– Accept that you won’t catch every perfect trade
8. Why do people struggle with picking the right altcoin?
– There are thousands of options with unclear futures
9. What is a typical reaction when someone makes a bad crypto decision?
– Fear of missing out on a better opportunity
10. Why do people buy NFTs like digital rocks and pixelated monkeys?
– They believe they will increase in value
11. Why can having too many crypto options be a problem?
– It leads to analysis paralysis and FOMO
12. What is a common dilemma for new crypto investors?
– Choosing between Bitcoin and altcoins
13. Which stablecoins were mentioned as examples?
– USDT, USDC, and DAI
14. What happens if a stablecoin’s peg breaks?
– Its value might drop, like from $1 to 50 cents
15. What’s a risk of using stablecoins?
– Some have less reserves than promised
16. How do most stablecoins maintain their value?
– They are backed by reserves like dollars or assets
17. What are stablecoins pegged to? -Assets like the US dollar, gold, or another crypto
18. How does the stablecoin DAI maintain its value?
– Using algorithms to balance supply and demand
19. What can you do with stablecoins in DeFi?
– Earn interest without the volatility
20. What’s a key benefit of using stablecoins?
– They bridge crypto and fiat, combining speed and stability
21. What is the usual value of popular stablecoins like USDC?
– $1
22. What is a stablecoin?
– A cryptocurrency pegged to a stable asset
23. What should you avoid when choosing a stablecoin?
– Untrusted ones like ‘MoonCoin3000’
24. How does a stablecoin differ from Bitcoin?
– Stablecoins aim to stay steady, unlike Bitcoin’s volatility
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What is a common issue with DeFi investments?
– They can be complicated and risky
2. What is the paradox of choice in crypto?
– Too many options make it harder to decide
3. What happens when a new crypto trend appears?
– People rush in, and then it may fade quickly
4. What’s one way to avoid getting stuck in analysis paralysis?
– Make a decision based on research and risk management
5. What is the main lesson from the video?
– Don’t overthink, research well, and take action
6. Why do influencers make crypto choices even harder?
– They give conflicting advice and hype different projects
7. What is the best approach to surviving the crypto market?
– Accept that you won’t catch every perfect trade
8. Why do people struggle with picking the right altcoin?
– There are thousands of options with unclear futures
9. What is a typical reaction when someone makes a bad crypto decision?
– Fear of missing out on a better opportunity
10. Why do people buy NFTs like digital rocks and pixelated monkeys?
– They believe they will increase in value
11. Why can having too many crypto options be a problem?
– It leads to analysis paralysis and FOMO
12. What is a common dilemma for new crypto investors?
– Choosing between Bitcoin and altcoins
13. Which stablecoins were mentioned as examples?
– USDT, USDC, and DAI
14. What happens if a stablecoin’s peg breaks?
– Its value might drop, like from $1 to 50 cents
15. What’s a risk of using stablecoins?
– Some have less reserves than promised
16. How do most stablecoins maintain their value?
– They are backed by reserves like dollars or assets
17. What are stablecoins pegged to? -Assets like the US dollar, gold, or another crypto
18. How does the stablecoin DAI maintain its value?
– Using algorithms to balance supply and demand
19. What can you do with stablecoins in DeFi?
– Earn interest without the volatility
20. What’s a key benefit of using stablecoins?
– They bridge crypto and fiat, combining speed and stability
21. What is the usual value of popular stablecoins like USDC?
– $1
22. What is a stablecoin?
– A cryptocurrency pegged to a stable asset
23. What should you avoid when choosing a stablecoin?
– Untrusted ones like ‘MoonCoin3000’
24. How does a stablecoin differ from Bitcoin?
– Stablecoins aim to stay steady, unlike Bitcoin’s volatility
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
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