Community Guides

What is Binance Smart Chain (BSC)?

What is Binance Smart Chain (BSC)?

There was somewhat of a goldrush recently in the decentralised finance space and it was the explosion of the Binance Smart Chain (BSC). Lots of projects went 20-30x in a matter of weeks like Beefy Finance, Auto and Pancake Swap, to name a few. So what is the Binance...

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What is impermanent loss in DeFi?

What is impermanent loss in DeFi?

The world of decentralised finance is a weird and wonderful place. When we take people through it in our one-to-one sessions, we are constantly met with sceptical comments. This is because when you look at some of the high APY liquidity pools and vaults you can put...

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Keeping crypto emotions in check.

Keeping crypto emotions in check.

If you have spent longer than 24 hours in the crypto space, you will know by now that they are a highly emotionally charged market. It can get to you too if you don’t keep yourself in check. The pumps are incredible and you start booking test drives for your Mercedes...

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What caused the Bitcoin dip? mini-blog (1/2).

What caused the Bitcoin dip? mini-blog (1/2).

We will finish off this postmortem at the end of the week as we think there will be a lot of twists and turns until then… Also, don’t listen to anything I say I am literally an idiot. The issues this week have in my opinion has been caused by huge Bitcoin sell-offs by...

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Why is Bitcoin Important?

Why is Bitcoin Important?

To understand why Bitcoin and other cryptocurrencies are important we have to take a look at why they were created in the first place. In 2008, Satoshi Nakamoto published a document that showed a peer-to-peer digital currency that required no third-party company or...

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What is Bitcoin?

What is Bitcoin?

Bitcoin or BTC is a permissionless and decentralised peer-to-peer digital currency that allows trustless transactions without the need for an intermediary. Well, that sentence doesn’t help anybody, and here at blocmates, we try to remove the jargon and make it...

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How and when to take profit in crypto.

How and when to take profit in crypto.

When things are great like they currently are and the majority of your coins are flying high, it is easy to get swept away with all the euphoria and forget why you are here in the first place. To make that cheddar. It’s all well and good that you are in it for the...

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How to read a crypto chart.

How to read a crypto chart.

Charts are perceived as confusing, but they really aren’t. They are excellent for monitoring trends and spotting potential entry and exit points. That being said, they are never 100% predictable and can often leave you thinking - “What the hell just happened? This...

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The very basics of cryptocurrency.

The very basics of cryptocurrency.

The whole reason behind blocmates is to knock down the barrier to entry for newbies getting into cryptocurrency. So we have taken it upon ourselves to go back to basics and think from the mind of a complete stranger to all things crypto. A lot of this article will be...

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