The advent of quantum computing represents a leap in computational power, but it also raises concerns about the security of existing cryptographic systems, including Bitcoin. As Bitcoin relies on cryptography to secure transactions and wallets, the question arises: What happens if quantum computers become powerful enough to “break” Bitcoin? How Bitcoin’s Security Works Bitcoin’s security is based on two key cryptographic components: 1. Elliptic Curve Cryptography (ECC): Used to generate public a
How to Safeguard Yourself from Major Losses in Crypto: A Guide for New and Seasoned Investors
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How to Safeguard Yourself from Major Losses in Crypto: A Guide for New and Seasoned Investors When it comes to cryptocurrency investing, protecting yourself from substantial losses is crucial, whether you're a novice or a seasoned investor. Here’s a comprehensive guide to help you minimize risks: 1. Educate Yourself Start by understanding the fundamentals of blockchain and cryptocurrencies. Familiarize yourself with important concepts such as wallets, private keys, and trading pairs. Continuously stay informed by following credible sources of crypto news. 2. Invest Responsibly Only invest what you can afford to lose. Begin with small amounts as you learn and gain experience, ensuring that your investments are manageable even if the market turns against you. 3. Diversify Your Portfolio Avoid the pitfall of investing all your funds in one cryptocurrency. Diversify across various assets to reduce risk and increase the potential for stable returns. 4. Conduct Thorough Research Before investing in any cryptocurrency, research its team, technology, goals, and community backing. Be cautious of projects that make extravagant promises or claim guaranteed returns. 5. Choose Reputable Exchanges and Wallets Always use well-established exchanges with robust security systems. Store your digital assets in a secure wallet, preferably hardware wallets, to protect them from online threats. 6. Prioritize Security Features Activate two-factor authentication (2FA) for your exchange accounts and ensure your private keys are stored offline. Never share your private keys with anyone. 7. Avoid Impulsive Decisions Develop a solid investment strategy and stick to it. Resist the temptation to make trades based on fleeting emotions, market hype, or fear of missing out. 8. Be Aware of Scams Remain vigilant against phishing attempts, fake websites, and overly attractive offers. Always verify the legitimacy of any source before making transactions. 9. Understand Market Volatility Cryptocurrency markets are highly volatile, so be ready for price fluctuations. Having a long-term investment perspective can help you weather market dips and recover. 10. Stay Compliant with Legal Requirements Familiarize yourself with local regulations and tax obligations surrounding cryptocurrency trading. Keep track of your transactions to ensure proper tax reporting. 11. Set Stop-Loss Orders To manage risk, set stop-loss orders, which will automatically sell your crypto if its value falls to a predetermined level, preventing further losses. By adhering to these principles and maintaining discipline, you can safeguard your investments and improve your chances of success in the dynamic world of cryptocurrency trading. Don’t miss out on key updates—Follow me for expert insights and profitable signals on Binance Square! #USUALAnalysis _SIGNaLs #CryptoRiskManagemen t#BinanceTrading #BTCNextMove #CryptoStrategy
With Major Liquidity Swept and RSI reset Bitcoin is now going UP🔥💥🚀
$BTC
In the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves.
As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%.
The Main Question: What’s Next?
Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option.
Technical Analysis:
As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around 99.7K, while key support lies between 89.5K and 87.5K. A break below these levels could indicate a strong move in either direction.
The most liquidity is around 92.2K, where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here.
Outlook:
After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity. There is potential for BTC to reach 118K by the end of January. Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again. #BTCNextMove #MarketCorrectionBuyOrHODL? #btcupdates2024
Here are 3 randomly selected tokens you might want to explore: 1. $RUNE (THORChain) • What it does: A decentralized liquidity protocol that enables cross-chain swaps without the need for wrapped assets. • Why it’s interesting: THORChain is gaining traction for providing seamless interoperability between blockchains. • Key Use Case: Powering decentralized cross-chain trading.
2. $GRT (The Graph) • What it does: A decentralized protocol for indexing and querying data from blockchains. • Why it’s interesting: Often referred to as the “Google of Blockchains,” it plays a critical role in the Web3 ecosystem. • Key Use Case: Enabling decentralized applications (dApps) to access blockchain data efficiently.
3. $IMX (Immutable X) • What it does: A layer-2 scaling solution for NFTs on Ethereum, offering instant transactions and zero gas fees. • Why it’s interesting: Backed by strong partnerships (like GameStop), it’s becoming a key player in NFT and gaming ecosystems. • Key Use Case: Powering NFT marketplaces and blockchain-based games.
Disclaimer: Always research thoroughly before investing in any token. 🚨
Futures trading is a type of financial market activity where participants agree to buy or sell an asset at a predetermined price on a specific future date. It is widely used for speculation and hedging in various markets, including commodities, cryptocurrencies, stocks, and indices. Here’s an overview of how it works: 1. Understanding Futures Contracts A futures contract is a legal agreement between two parties: • Buyer: Agrees to purchase the underlying asset at the agreed price on the settleme
One thing that quite interesting that quantum computing can compute and break the Bitcoin, However, CEO of the Hedera also explain that Hedera is designed to prevent it from quantum computing. $HBAR still got potential in the future.
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$HBAR
📊 HBAR/USDT Technical Analysis – Key Levels to Watch! 📊
The price of HBAR/USDT is currently at 0.27678 USDT, trading near crucial support and resistance zones. Here’s the latest analysis:
🔑 Resistance: The immediate resistance is at 0.28000 USDT, a level that has capped upward momentum recently. A breakout above this resistance could propel HBAR towards 0.29000 USDT, with the potential to test 0.30000 USDT if bullish momentum continues.
🔑 Support: Key support lies at 0.27000 USDT, a level that has been a reliable floor during pullbacks. If this support level is breached, HBAR could test 0.26000 USDT, where more buying interest may emerge.
💡 Entry Strategy:
1. Look for buying opportunities near the 0.27000 - 0.27500 USDT support range, with a stop-loss below 0.26000 USDT for risk management.
2. Alternatively, wait for a confirmed breakout above 0.28000 USDT to capture momentum toward higher resistance levels.
🚀 HBAR/USDT is at a pivotal point, with the potential for a breakout or a pullback. Monitor these key levels closely for potential trading opportunities!
Will HBAR/USDT push higher, or will it test lower support? Stay sharp and trade wisely! 🌟