1.5 | Mohanad Ashour on Binance Square

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EL Maai

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What is your prediction for the price of BIO# coin one hour after its launch in the market?

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Bitcoin's hashrate, representing the total computational power securing its network, has recently reached unprecedented levels. On January 3, 2025, it peaked at over 1,000 exahashes per second (EH/s), a significant increase from approximately 510 EH/s in January 2024. This surge in hashrate enhances the network's security by making it more resistant to attacks. Historically, increases in hashrate have often correlated with Bitcoin price rallies, as seen during bull cycles in 2017 and 2021. As of now, Bitcoin is trading around $101,017, reflecting a positive trend in the market. The United States has played a significant role in this hashrate increase, accounting for over 40% of the global Bitcoin hashrate by the end of 2024. Notably, U.S.-based mining pools like Foundry USA and MARA Pool contributed to more than 38.5% of all blocks mined during this period. While a rising hashrate indicates a robust and secure network, it also leads to increased mining difficulty. This escalation can impact miner profitability, especially for smaller operations, potentially leading to industry consolidation. Nonetheless, the overall growth in hashrate underscores the increasing confidence and investment in Bitcoin's infrastructure. #BitcoinHashRateSurge

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Holding Bitcoin, often referred to as "HODLing" in the cryptocurrency world, means keeping your Bitcoin for the long term rather than actively trading it. Here are some key tips and considerations for new Bitcoin holders: 1. Secure Storage Wallet Types: Hot Wallets: Online wallets (e.g., apps or exchanges) for ease of access. Cold Wallets: Offline storage (e.g., hardware wallets or paper wallets) for maximum security. Use reputable wallets like Ledger, Trezor (hardware), or Trust Wallet (software). 2. Understand Volatility Bitcoin's price is highly volatile. Be prepared for significant fluctuations. Long-term holding often helps smooth out short-term price swings. 3. Private Keys Not your keys, not your coins. Always have control of your private keys to truly own your Bitcoin. 4. Avoid Emotional Decisions Ignore market hype or fear. Stick to your investment strategy. 5. Stay Updated Follow Bitcoin-related news, technology developments, and market trends. 6. Taxes and Regulations Be aware of tax implications in your country regarding cryptocurrency holdings and transactions. Would you like help setting up a wallet, understanding market strategies, or learning more about Bitcoin? #BtcNewHolder

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قريبا مع بداية السنه الجديدة بحب احكيلكم عام جديد وان شاء الله تكون سنة خير ومحبة وسلام ورزق للجميع انا رح اعمل مسابقات ورح اختار كل اسبوع فائز بجائزة 10$ الي بحب يعرف اكتر تابعني وان شاء الله بداية السنه بتعرف التفاصيل

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