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BurakB
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New or not. Almost all day traders lose their money within a year. You can't beat algorithms.
Serious Crypto
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New Trader š
#trader #newtrader
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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The Bitcoin hash rate, a measure of the computing power dedicated to mining new Bitcoin, has recently reached a new all-time high. This surge indicates a significant increase in the network's security and overall health. A higher hash rate makes it more difficult for malicious actors to attempt a 51% attack, where they would control the majority of the network's computing power and potentially manipulate transactions. The increased hash rate also reflects the growing confidence and investment in the Bitcoin network by miners. Ā This surge in hash rate can be attributed to several factors. Firstly, the price of Bitcoin has been recovering in recent months, making mining more profitable. Secondly, advancements in mining technology have led to more efficient and powerful mining hardware. Finally, the Bitcoin network continues to attract new miners, further contributing to the increase in hash rate. The continued growth of the hash rate is a positive sign for the Bitcoin network, demonstrating its resilience and increasing security. #BitcoinHashRateSurge
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98250.79$
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Recent analysis suggests a potential rebound in the cryptocurrency market, particularly on the Binance exchange. Technical indicators like the TD Sequential signal a bullish outlook for Bitcoin if it sustains a close above $94,700, potentially pushing prices towards $97,500. However, a break below $92,500 could indicate a continuation of the bearish trend. Ā Furthermore, an increase in stablecoin reserves on Binance, nearing an all-time high, could fuel a market rally. Historically, significant stablecoin inflows have preceded notable price surges in cryptocurrencies. However, declining trading volumes on Binance raise concerns about the sustainability of any potential rebound. Ā #CryptoReboundStrategy
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I couldn't claim my #WOTD points yet. I lost lots of points this week. Still same problems
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I couldn't claim my #WOTD points yet. I lost lots of points this week. Still same problems
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