Cryptocurrency

Setting Effective Crypto-Focused Resolutions for 2025 As a Cryptocurrency Advocate

As we step into a new year, it’s essential for crypto fans to reflect on their approach to the digital asset market. With mainstream adoption, institutional investment, and innovative technologies pushing boundaries, the past year has solidified cryptocurrency’s place as a transformative force within the global economy.

Table of Contents

Resolution 1: Be Vigilant Against Scams and Rug Pulls

Despite warnings and educational resources, crypto scams continue to claim victims at an alarming rate. The severity of this issue was starkly illustrated on November 14, when a record-breaking 31 rug pulls occurred in a single day, resulting in cumulative losses of $15 million that month alone.

The distribution of rug pulls between mid-October and November highlights the need for vigilance:

| Date | Number of Rug Pulls |
| — | — |
| Oct 16 | 5 |
| Nov 1 | 6 |
| Nov 8 | 7 |
| Nov 14 | 31 |

Scammers prey on people’s greed, so it’s crucial to remember that quick profits often come with significant risks. Even seemingly legitimate projects backed by known figures should be scrutinized closely.

To avoid falling victim to scams:

Conduct thorough research on any project or token
Be skeptical of promises of quick profits
Remember that scammers target greed, so beware of your own impulses

Resolution 2: Transform Your BTC into a Passive Income Opportunity

Bitcoin has evolved from a mere store of value (SOV) to something greater. Innovative layer-2 solutions and smart contract platforms have redefined Bitcoin’s capabilities, bringing sophisticated DeFi functionalities (referred to as BTCFi) to the network.

BTCFi total value locked since Q1 2023:

| Quarter | Total Value Locked |
| — | — |
| Q1 2023 | $306 million |
| Q2 2023 | $1.4 billion |
| Q3 2023 | $5.6 billion |
| Q4 2023 | $7.4 billion |

Projects like Stacks, Rootstock, Liquid, and Babylon have bridged the gap between Bitcoin’s robust security and Ethereum-like programmability.

To transform your BTC into a passive income opportunity:

Explore layer-2 solutions and smart contract platforms
Consider delegating or staking your BTC
Invest in a diversified portfolio of proven cryptocurrencies

Resolution 3: Upgrade the Security of Your Crypto Assets

Portfolio consolidation and secure storage have never been more critical. Rather than spreading funds across multiple exchanges and hot wallets, investors should consider consolidating their holdings into a carefully selected mix of proven cryptocurrencies.

Popular hardware wallets like Ledger and Trezor offer bank-grade security solutions for digital assets:

Protect your assets from online threats
Maintain complete control over your private keys

The shift toward cold storage solutions has gained momentum, with the amount of BTC held across different centralized exchanges (CEXs) having dropped to historic lows.

Resolution 4: Share Your Crypto Knowledge

There remains a fine line between sharing insights and proselytizing. Effective crypto advocates focus on explaining the technology’s potential and real-world applications while acknowledging its risks and complexities.

To share your crypto knowledge effectively:

Explain the technology’s potential and applications
Acknowledge the risks and complexities involved
Respect everyone’s individual financial decisions

Resolution 5: Explore Crypto Payment Solutions

The travel industry has embraced this technological revolution, with platforms like Travala.com accepting crypto for hotel bookings and flight reservations.

To explore crypto payment solutions:

Research popular payment platforms
Consider using hardware wallets for secure transactions
Look into decentralized finance (DeFi) applications

Resolution 6: Consolidate Your Holdings

Portfolio consolidation is crucial for securing your assets. Rather than spreading funds across multiple exchanges and hot wallets, investors should consider consolidating their holdings into a carefully selected mix of proven cryptocurrencies.

To consolidate your holdings:

Research popular cryptocurrencies
Consider delegating or staking your tokens
Invest in a diversified portfolio of proven cryptocurrencies

Resolution 7: Support the Crypto Ecosystem

The crypto ecosystem relies on the involvement and support of its users. By sharing your knowledge, respecting individual financial decisions, and contributing to the community, you can help build credibility for the entire ecosystem.

To support the crypto ecosystem: