How can you tell if a certain cryptocurrency will go up or down in value? Well, it involves looking at different things that can affect its price.
First, check out the market cap. This is the total value of all the coins in circulation. Generally, coins with a higher market cap are more stable, but smaller ones can still shoot up in value.
Next, consider the trading volume. This is how many coins are being traded. Coins with higher trading volume are easier to buy and sell, which matters if you want to react quickly to price changes.
Keep an eye on social media buzz. If people are talking a lot about a coin in a positive way, it might go up. But be cautious, sometimes hype is just hype.
News plays a big role too. Positive news can boost a coin's value, while negative news can make it drop.
Lastly, technical analysis looks at past price charts to predict future movements. It's not foolproof, but it can give you an idea of where things might be headed.
"If you're wondering why Bitcoin isn't moving much, remember what I mentioned before. Big investors, called whales, have stopped trading. Some sold when Bitcoin was worth $73,000, and some bought when it was $59,000. Now, regular people who invest, called retail investors, will also stop trading. This usually happens in early summer. Don't expect $BTC to go up or down much until June or July.
Right now, I think Bitcoin's price might go down to $59,000 again because more people will sell. But, if Bitcoin keeps trading between $60,000 and $70,000 for a while, it will probably go up a lot in August. So, you don't have to rush to sell your $BTC $." #BinanceLaunchpool#ScamRiskWarning#bitcoinhalving#bitcoinhalving#BullorBear
BlackRock, a big company, used to dislike Bitcoin, but now they see it can make them lots of money. Now they want to make money from other assets, not just $BTC . They want to turn everything into digital tokens. But this plan might not be good. Some journalists found out that BlackRock's plan could be sneaky. Just because something is on a blockchain doesn't mean it's safe from control. So, even though BlackRock has helped Bitcoin grow, we should be careful about trusting them. They might not have good intentions.
Sometimes, a seller might agree to your order but then refuse to give you the crypto after you've paid. They might give excuses and insist you cancel the order first.
Remember, never cancel an order until you get your refund!"
Here are five mistakes to steer clear of if you want to hit millionaire status during the 2024-2025 crypto bull market:
1. Skipping Research: Don't dive in blindly. Take time to understand the projects you're investing in and their potential for growth.
2. Overtrading: Constantly buying and selling can rack up fees and cause you to miss out on big opportunities. Stick to quality investments for the long haul.
3. FOMO Buying: Don't let fear of missing out drive your decisions. Stay disciplined and stick to your investment strategy, even when others seem to be making fast profits.
4. Ignoring Risk Management: Don't bet more than you can afford to lose. Always have a plan in place to protect your investments.
5. Impatience: Building wealth takes time. Stay patient and trust your research and strategy, even if the market isn't moving as quickly as you'd like.
Avoiding these mistakes and staying focused can boost your chances of hitting that million-dollar mark. Happy trading, and best of luck on your journey to $1,000,000! 🚀
There are two ways to get rich in crypto, but most beginners make mistakes before learning their lesson, making the journey harder. Many beginners view cryptocurrency as a quick fortune, which is risky and leads to bad decisions, often resulting in losing everything. Now, let's talk about how to get rich in crypto. It may seem like you need a complicated plan, but that's not always true. There are two options:
A. Start with a quarter of your desired wealth. For example, if you want $1 million, start with $250,000. Buy during bear markets and store securely. Your wealth will grow over time, even without extensive knowledge of crypto. It's okay to only buy $BTC for this method.
B. Start small and grow over time. Be patient and learn about the market. For instance, start with $1,000 in $BTC during a bear market. Learn about different aspects like DeFi, staking, and futures trading. When Bitcoin gains, diversify into altcoins. Once your altcoins gain 5x, sell to USD. Repeat this process until you reach your goal. It takes effort, but you can succeed. Like and follow for more support! 👍
A person who owned a lot of $BTC for a long time recently moved their coins after holding onto them for 10 years. They had 1701 $BTC in their wallet, which are now worth $118 million. They originally bought these $BTC for an average price of $29 each. The last time they added to their collection was in 2013, when Bitcoin was around $125. With Bitcoin's price now over $70,000, they've made a huge profit of about 240,000%. Lately, many old Bitcoin wallets have been moving their coins, but it's mostly for security, not selling. Also, there's been another big account buying a lot of Bitcoins since March, spending around $90 million in total.
This weekend, the crypto market might face a lot of turmoil. Many people are talking about it being a bloodbath. Here's why: People have been talking positively about the market, saying it's bullish. They say where there's smoke, there's fire. This is because of news about CZ's legal issues. Whales might take advantage of this and manipulate the market, especially with the news about the Philippines not liking Binance. However, I still believe the market will go up soon. Eventually, people will get used to the drama caused by whales. If you're holding onto your crypto, don't panic and sell. For those trading in the spot market, things will settle down eventually. After the weekend, we might see $BTC price go up slightly.#Token2049#bitcoinhalving#ScamRiskWarning#BinanceLaunchpool#BullorBear
$BTC dropped below $65,000 at the end of the week and is now trying to stay above $63,000. This drop is linked to money leaving ETFs, totaling $83.6 million yesterday. Meanwhile, a banking crisis started in the US as Republic First Bank, holding $6 billion, went bankrupt, the first such event in 2024. During this market decline, the Japanese company Metaplanet bought #Bitcoin❗️ worth $6.25 million. In April, $BTC fell by 11.6%, breaking a streak of 7 consecutive months of growth. #BinanceLaunchpool#bitcoinhakving#Bitcoin❗️#BitcoinHalvingTrends
Beware of friends like this 🛑 Back in 2021, when I became an official affiliate of #Binance, a friend asked me to teach him about crypto. I helped him set up his Binance account, emphasized the importance of security, and warned him not to share his account details. In 2023, he came back saying he couldn't log in for three months. I tried to help but found his email and phone number had been changed. We were worried. After contacting Binance support, we managed to recover his account, but all his funds were gone. Checking the transaction history, we saw they were transferred to his friend's account. We quickly confronted the thief who admitted to accessing the account on his phone while they were at a cafe. He returned the money, but trust was shattered. - Never give anyone access to your crypto devices. - Never store your secret phrases on your phone.
If someone agrees to sell you cryptocurrency but then doesn't give it to you after you pay, it's a scam. They might give excuses and tell you to cancel the order. Don't cancel until you get your money back. Share, like, and follow to spread the word.
Many people wonder how to figure out the profit from buying a coin at one price and selling it at another. There's a simple way to do it. For instance, if you buy a coin for $1 and sell it for $2, and your investment is $100, you can calculate your profit like this: $100 divided by $1, times $2 equals $200. So, your profit is $100. You can use the same method to calculate losses too.
An Indian man named Chirag Tomar has admitted to stealing $9.5 million in cryptocurrency by tricking people through a fake Coinbase website. He was caught at the Atlanta airport in December 2023 and is now facing charges for wire fraud and money laundering, which could land him in prison for up to 20 years. Tomar's scam involved pretending to be Coinbase Pro and getting over 542 people to give him their login details between June 2021 and late 2023. He left behind evidence like using his real name in emails and keeping spreadsheets of his victims. Despite facing punishment, he spent his stolen money on expensive things like watches, cars, and traveling. This is a reminder to be careful online and protect your personal information.
I've said it before, and I'll keep saying it: don't rush into the market just because Bitcoin's price jumped to $66k. It's likely just a temporary spike manipulated by big investors. If you look at today's graph compared to before the 2021 bull run, it's very similar. Bitcoin might go up a bit more before crashing down again. In a few days, the market will likely drop, and you'll end up losing money if you invest now.
Don't be fooled by what seems like a rise in price. If you invest now, you'll probably regret it soon when the price falls. It's better to wait for the market to dip before investing. Right now, the market is unstable and uncertain.
This isn't financial advice, so do your own research. What do you think about this situation?
I started getting into cryptocurrency in 2016 when Bitcoin was worth about $650. I collected some Bitcoin from different sources, and after a month, I had 0.03 BTC in my Coinbase wallet, but by then, Bitcoin's value had dropped to under $600. It was August 2016, if I remember correctly. At that time, many people were predicting that the price of Bitcoin would fall, and lots of people were selling their Bitcoin. I was disappointed because the value of my hard-earned Bitcoin had dropped by $80 in just a few months. So, I tried to find a way to recover my loss. I decided to invest all my 0.03 BTC into a High Yield Investment Platform (HYIP), hoping to make some profit. Unfortunately, within a month, the website disappeared along with my $BTC . I had about $10 worth of Bitcoin left in my wallet, which I used to top up my mobile balance out of frustration.
Cryptocurrency has made some people a lot of money, but it has also caused others to lose their life savings. So, it's important to be careful and think carefully before investing all your money in something. Start with small investments and take profits when you can. It's a good idea to invest only spare money at first to see how it goes before investing larger amounts.
That's how I got started in the world of cryptocurrency. I'm sure many other people who use platforms like Binance and Square have similar stories. I'd love to hear yours! You can share your story using #MyCryptoJourney or mention me in your post, and I'll definitely check it out.
Thirteen years ago, on April 23, Satoshi Nakamoto, the mysterious person behind Bitcoin, gave his last instructions about Bitcoin. This was a big moment because it happened just four months after his last public message in December 2010, and it changed the path of $BTC .
In emails from former Bitcoin Core developer Mike Hearn, Nakamoto said he was moving on to other things and trusted Gavin and everyone else with $BTC
People have different ideas about why Nakamoto stepped away from Bitcoin. Some think it was because of differences in what they wanted to do with Bitcoin, especially concerning things like donations to WikiLeaks. Others think it could be because of outside pressures, like the CIA looking into Gavin Andresen, an important person in the Bitcoin community.
No matter why Nakamoto left, $BTC became really popular afterward. Its price went up a lot, reaching levels no one had seen before and changing how digital money works.
Today, Bitcoin shows what Nakamoto had in mind: a decentralized currency challenging how traditional finance works.
Even though many have tried to find out who Nakamoto really is, his identity is still a mystery. This adds to the mystery of where Bitcoin came from. Whether Nakamoto will ever come forward and reveal himself is still one of the big questions in the crypto world.
$BTC might drop soon. Get ready to buy more and prepare for a market surge. But I'm not suggesting you buy $BTC ; it probably won't give you much return. I'm talking about other cryptocurrencies and meme coins that could increase by ten, a hundred, or even a thousand times. Some examples are Pepe, Floki, Shiba Inu, Aeroflot, $WIF Injective, Arbi, and Nervos Network. Spread your investment across 30 different coins. I have a list of promising coins, so follow me for updates. Share your favorite coins in the comments, and we can discuss their potential. Remember, this isn't financial advice; do your own research.
Many people can see that the price of $BTC has been stopped from going higher at a certain level. I've mentioned before that when $BTC price gets to between $67,000 and $70,000, it usually drops for a correction. Right now, $BTC price is between $60,000 and $70,000. But here's some good news for you: You can invest while Bitcoin's price is stable. Other cryptocurrencies, called Alt coins, are likely to gain value. And you can buy them now at a discount of 25% to 30%. Just remember, don't put all your money into one Alt coin. Spread your investment across 3 to 5 different ones. I'm also investing my own money, and Alt coins are doing well. #bitcoinhalving#BTC🌪️#BTCEvent#sui#WIF
Be cautious, crypto traders! Binance's future trading involves borrowing with interest, which is forbidden in Islam. To keep your trading permissible, steer clear of this feature. Stick to spot trading or other interest-free options instead.
For more details, check out our blog post: Title: Understanding Why Interest is Forbidden in Islam and Its Impact on Crypto Trading
In Islam, charging or paying interest is forbidden due to its potential for exploitation and oppression. This applies to all financial transactions, including cryptocurrency trading. Binance's future trading feature, which involves borrowing with interest, contradicts this principle of Islamic finance. Therefore, Muslim crypto traders should avoid this feature to ensure their trading practices remain permissible. Instead, they can explore spot trading or other interest-free options, aligning their financial dealings with their faith.
It's crucial for Muslim traders to uphold the values of fairness, transparency, and justice in their cryptocurrency transactions, as emphasized by Islamic finance principles.
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