SCAM ALERT!!!! Binance Square Team detected some SCAM tactics. Scammers promise to give something if you transfer a certain amount to them. BEWARE of posts that promise pay now and profit later follow me and earn tip me and earn Remember: Binance does not support any requests for transfers. Also, there are many users posting misinformation. Check any BIG news. You can go to Binance News or even Google it. Don't base any financial decisions on other users advice: do your research first! #write2earn🌐💹 #ScamAlert. #dyrf #BewareOfScamsOnBinanceSquare
According to Foresight News, data from IntoTheBlock reveals that Bitcoin whales, those holding more than 0.1% of the total Bitcoin supply, have increased their holdings by 19,760 BTC, at an average price of $62,500. IntoTheBlock suggests that historically, accumulation by these addresses often precedes a rise in the price of Bitcoin.
Have you heard of DCA or Dollar-Cost Average? This approach is said to be ideal for beginners, those who want to minimize risk, those with a small tolerance for the market's high volatility, small investors, and long-term investors, like those wishing to have a retirment fund. What is DCA about? The idea is for you to invest the same amount of money regularly paced. For example, let´s say to have 50 USD spare cash each month. As soon as you cash your paycheck, you buy 50 USD worth of your crypto of preference. You do that every month. How does it work? Easy peasy. Today 1 Solana is worth USD 137. Your 50 USD buy 0.36 Sol. When you get your paycheck in May, 1 Solana is 250 USD. Your 50 buy 0.2 Sol In June Solana is 122. You buy 0.40. By the end of June you have 0.96 Sol bought at an average price of USD 169. What´s so great about that?, you may ask. After all, if I buy at 122 I would get 1.22 Sol. You're absolutely right. But, do you know when the price will plumet? Do you know when it is likely to go up? Do you have the time to constantly monitor the market so you don't miss the jackpot? Do you have the time and willingness to read the news constantly to try and anticipate a major change? Would you know how some event might impact the crypto world? Are you willing to spend hours learning how to read candlestick charts? Are you emotionally prepared to see your investment lose a half of its value for weeks at a time? That's what traders and brokers do. They have huge earnings, but huge loses too. So, you can't anticipate when Sol is going to be 1232and when 250. Imagine you see your favorite crypto going down for hours. You want to buy more, but what is the price you want to pay? 200? Ok, you buy at 200 and then it ends up going down to 122. What if you wait till it gets lower than that, and then rises rapidly to 250 before you can buy? Bitcoin reached 60,000 yesterday and stayed there for less than 2 hours. those things happen. What Dollar Cost Average does for you is make sure in the long run you are not buying at the highest prices. This approach yields more modest gains in comparison with good trades , though.So it is up to you to decide whether it is for you or not. Do your own research. If you want to read more, this is a good place to start: https://bitpay.com/blog/dollar-cost-averaging-crypto/ If you found this information useful, please hit the Like button. Thanks! #Write2Earn #beginners #Newbies #newmembers #Dollarcostaverage
As a newbie in Crypto World, I started a year back with $32 approx and bought Bnb. As I observed and learnt through the year and Bnb gained, my sole coin portfolio grew to $125 courtesy bnb and several launchpool projects. As I started researching more, downloaded other crypto apps, learning converting for free, following crypto gurus going gaga over their commentary of many coins reaching supernatural targets in the near future, me too started believing that I can may be grow my money 2x, 10x, 20x..... and dreams as you all very well know being a crypto investor that they just never keep you the same person, the one who started with a small sum of $32. So now when after a lot of reluctance and several modified orders I went ahead with converting my bnb into wormhole n arkham, to my shock and dismay all in 2 days my portfolio n funds collapsed courtesy the Iran-Israel situation. I am in a bit of shock I must admit but I haven't sold my coins yet due to the panic being created in the market and many posting their portfolio snapshots that they disposed off everything . I believe there is no point selling everything this low.... just be in the market, wait for it to bounce back, remember the good days, times will change, better days are ahead. Hope everyone here reading can find a little inspiration and feel good. Also I will suggest don't follow so called crypto gurus blindly , they have ulterior motives and what they will suggest at times will just be to misguide you and benefit themselves alone. In reality , many so called gurus dont have even a slightest of idea where the movement will be. So don't follow them blindly and my friends , do your own research. Even if you lose some money, atleast you have the satisfaction of doing it at your free will and not to the misguidance of others. Good luck everyone and if you liked my post and felt good, do appreciate guys. #bnb #w #arkm #write2earn🌐💹 #firstpost
If cryptocurrency prices fall to historic lows, there are a number of approaches you can consider, depending on your investment goals and risk tolerance:
Hold (if you're a long-term investor):
This strategy is suitable if you believe in the long-term potential of cryptocurrency and are comfortable waiting for the market to recover. Historically, crypto has experienced significant price swings, but major coins like Bitcoin and Ethereum have bounced back from crashes. Dollar-Cost Averaging (DCA):
If you're a long-term investor with some spare cash, consider DCA. This involves investing a fixed amount of money into your chosen cryptocurrency at regular intervals, regardless of the price. This can help average out your purchase price over time and potentially benefit from lower prices now. Increase Investment (if you're a high-risk investor):
This aggressive approach is only suitable for investors with a high tolerance for risk and a long-term investment horizon. It involves adding more to your existing holdings at a discount, potentially amplifying your gains when the market rebounds. However, exercise extreme caution – the market could decline further. Sell and Rebalance (if you need the money):
If you invested more than you can afford to lose, or if you need the money in the short term, selling some or all of your holdings might be necessary. Consider rebalancing your portfolio towards more stable assets to manage risk. Stay Informed and Research:
Regardless of your chosen approach, stay informed about market developments and the underlying projects behind your chosen cryptocurrencies. Research potential reasons for the price drop and assess if your investment thesis remains valid. Here are some additional tips:
Don't Panic Sell: Avoid emotional decisions based on fear. Panic selling during a downturn can lock in losses. Focus on Fundamentals: Look beyond the price and consider the project's development, team, and long-term goals.
BITCOIN PRICE PREDICTIONS This is why they advise to buy and hold. Lyn Alden: "I would be surprised not to see six-figure Bitcoin over the next 18 months". Interview with Savvy Finance 13/4/24 Tom Lee: " I think in the next 12 months BTC will be something over 100,000, maybe 150,000". Altcoin Daily, 13/4/24 Cathie Wood: "In a few years BTC could reach 3,8 million USD" Richard Teng: USD 80,000 by year-end Tim Draper: 250,000 by year-end. JP Morgan: down to 42,000 after the halving. If you want to read more: https://wazirx.com/blog/bitcoin-price-prediction-after-halving-2024-according-to-crypto-experts/ Raoul Pal: 250,000 in 18 months Larry Fink: 80,000 in the coming weeks Anthony Scaramucci: 170,000 some time after the halving Fred Krueger (Mathematician, based in the Power Law): BTC will be 10.000.000 USD by 2045 $BTC #bitcoinhalving #write2earn🌐💹
THE MARKET IS CRASHING; BTC AND OTHERS DIVING. THIS YEAR IS NOT A BULLISH YEAR, THE REAL BULL RUN CAN ONLY HAPPEN ONE YEAR AFTER THE HALVING SEASON.
Once rewards are cut down by 50% Bitcoin mining or production activities would see a huge and dramatic decline.
Usually in a 4yr cycle the rewards for mining or producing a single block of BTC is halved or better still cut down by 50%.
This is what we refer to as halving. Bitcoin is currently having an inflation rate of 2%. halving helps to minimize and cut down on these inflation. The Bitcoin Miners get an estimated 6.25 BTC per block of BTC mined, with the Halving coming soon that will be cut to 3.125 BTC per Block a 50% reduction.
Currently, it cost miners who're publicly listed a whooping sum of $15,000 to successfully mine a block of BTC
When the halving happens their cost of production would most likely be doubled or trippled bringing miners’ breakeven point to $40,000 per block of BTC mined.
This could make it very difficult or even impossible for most miners to keep mining BTC. The long term effect of this is more damaging than rewarding. The relevance of miners to BTC'S health and perfect functionality is equal to the relevance of the heart to the human body, because minners are responsible for the hashrates of BTC online, Cutting the rewards for mining in half (Halving) could lead to most miners packing up and running out of business and with this BTC hashrates online decreases which in the long run could lead to the falling of Bitcoin price.
Whatever that keeps the miners out of business would lead to a long term negative effect on the prize of the commodity.
No one should expect a bull run in 2024. We would see an Authentic bull run one year after Halving, when all the effects of Halving have all cleared and settled out.
By subscribing to my timeline You're getting the same information top Billionaires and the biggest crypto whales discuss on the dining table.
Here is why #bitcoin WILL go up after the halving. Not instantly, but it will. The bullrun is far from being done.
Right now, it costs about $40,000 USD to mine 1 single $BTC
The bitcoin halving will cut the rewards by half, which means that it will cost $80,000 to mine 1 bitcoin.
So, alot of miners will leave. There’s no point mining bitcoin if it’s not profitable.. right?
Well, once 50-60% of miners leave, everything will rebalance. The people that keeps mining bitcoin will hold until at least $80k minimum, to make sure they’re profitable.
But usually, the price goes higher than what it costs to mine 1 btc.
In example, right now it cost $40k to mine 1 bitcoin and the price went as high as $73k a few weeks ago.
So, in theory, if history repeats itself, we should see a $130k to $150k bitcoin this bullrun.
This is purely based on fundamentals, not hope.
I hope this helps.
dyor before investing. #bitcoinhalving $BTC #write2earn🌐💹 #write2earn🌐
In USD today I have 13% less money. Have I lost my investment? Nope.
I have the same amount in cryptos as before. What changed is the pair cryptos/USD.
After the halving it may be up 20%, or more. Just brace yourselves. There are still 7 days for the halving. It will be chaotic until then. It may be chaotic even some time after the halving.
Worrying helps? It doesn't. If the bearish red candlesticks are too much for you, distract yourself.Just open the app once a day. Go do something else.
Why is BTC called digital gold? People have been looking at cryptos as currency, similar to dollars or euros. Instead, cryptos are store of value, that is: you buy it to keep it, just like gold, gemstones, or original paintings by famous artists. You buy and keep buying because you know over time your BTC are going to be worth much more. This is not a short-term investment. You have to think of 4 or 5 years from now. Bearish predictions for 2030 see bitcoin hitting 250.000 Usd. Bullish predictions go as high as 1.5 million dollars. Why would you sell at 66000 today when in just 6 years you could sell at twice as much? Do you know how much BTC is being kept by long-term holders in cold wallets? 14600 billion BTC! They are not selling. They are waiting.$BTC #bitcoinhalving #write2earn🌐💹
DON'T PANIC!! If you want to avoid losing money, just hold your coins. There have been crazy crashes like this before and it always went up again. Do not trade, do not copy trade, and DONT SELL!. If you sell you lose your money. If you don't sell you have the same amount of cryptos you bought and you will have earnings in a few months. Hold on to your seats and enjoy the ride! #newmembers #Newbies #write2earn🌐💹