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.
After eight months, our leader, KalababaS, once again shared his Bitcoin prediction. Back in October 7, 2023, when $BTC was at $30,000, he tweeted that it would hit $81,000. Now, after eight months, his prediction is coming true. Last year in January, when $BTC was below $19,000, he advised us to buy, and I'm glad I followed his advice. Now, after eight months, he's predicting that $BTC will surpass $100,000 this year. Doubting his predictions means you don't value money. I always keep notifications on for his tweets, so I don't miss out on anything at the right time. #sui#WIF#Memecoins#BullorBear#Token2049
The $BTC halving happens in 2 days. I said you could make lots of money during this cryptocurrency surge. That's partly true. But not everyone will succeed. Even if you're here at the right time and have enough money. You could still end up losing. Why? Because most people make the same mistake. They end up worse off than before. Here's how you can avoid that: - Take profits regularly. Not many talk about this. Want to know why? Because it's easy to make money in this market. Trillions of dollars will pour in, and everyone seems to profit. But holding onto that money is tough. If you don't sell at the right time, you won't keep those gains. And most people struggle with that. Don't blindly follow advice, not even mine. Check your own charts, see if it makes sense to you. If you agree with my analysis, then consider it. But don't let greed or fear control you. I'm sharing this because I genuinely want you to succeed. I want many of my followers to become millionaires. Start by looking into these projects: $WEN, $JUP, $RNDR, $MYRO. I'm determined to make it happen, God willing. #bitcoinhalving#Megadrop#Token2049#BullorBear#Memecoins
After $BTC halving, the price didn't change much, which was expected because people had already expected it. Right now, the price is around $65,000, indicating that the buyers aren't very strong. However, for the price to increase, it needs to decrease first. This decrease might happen because significant investors might sell their holdings, especially if the price reaches $67-70k. Also, many traders might have borrowed money to invest when the price was around $70-72k, so if the price falls, they'll have to sell quickly, pushing the price down further. It's possible that the price won't even reach $67k and will start falling from its current level. The main point is, the price is decreasing, and it won't stop dropping soon. #WIF#bitcoinhalving#Megadrop#Token2049#BullorBear
After $BTC halving, as we expected, there weren't any major changes in the price because everything was already factored into it beforehand. The price is still hovering around $65,000, indicating weakness among buyers. However, a correction is necessary for further growth, and this drop needs momentum. Long positions opened at the top around $67-70k might provide this momentum, allowing big players to take profits. Additionally, there's a lot of liquidations waiting to happen in the $70-72k range, so entering there could lead to a quick drop to at least $53k. It's possible that bulls won't even make it to $67k, and we'll drop from where we are now. The bottom line is we're on a downward trend, and it's not going to turn around quickly. #bitcoinhalving#BTC🔥🔥🔥🔥🔥🔥#WIF#Memecoins#SHIB
"Want to make money when $BTC price goes down? While many know how to profit from $BTC rise, sometimes the market doesn't grow. Various reasons like big traders cashing out, global tension, or just regular market corrections can cause this. So, instead of just watching Bitcoin's price fall, you can take advantage of it. For instance, when Bitcoin seems high around $65k, it might not be the best time to buy more Bitcoin. Instead, you could look at other cryptocurrencies that are heavily discounted compared to their usual value, but are still promising. Then, when Bitcoin hits new highs, you can sell these altcoins for profit. This strategy works until the market settles and starts growing again." #sui#WIF#BullorBear#Token2049#BullorBear
BTC Halving has finished! What's next? This question is on everyone's mind. I expect three things to happen after the halving: 1) Neutral - Nothing much will change, everything will stay normal. 2) Big Pump - Prices will surge, and a bull run will begin. 3) Down - Prices might drop, but I'm not worried because they've already been low for a while. So, my advice is to wait and see. BTC is still stable around $65,000, which is a good sign. It's not going down, which is also positive. It's gradually going up, another good sign. BTC and other cryptocurrencies are in the green, which is promising. Many big investors believe there won't be any more downturns, and we'll soon reach new all-time highs. This could happen in a week, 10 days, or in May. Don't worry, we'll come out on top.
The crypto user sent half a million dollars to the wrong place because they copied the wrong link. Luckily, since Tether is centralized, they should be able to get their money back. But if they had sent Ethereum to an Ethereum smart contract, it would have been a serious problem. To avoid this: - Always double-check the recipient's address when sending a lot of money. - When using a new wallet, start with a small transaction to make sure everything works. Remember, once you send coins to the wrong address on a blockchain, it's hard to get them back because blockchains are decentralized.$USDC $BTC $ETH #sui#BullorBear#BullorBear#WIF#bitcoinhalving
Once again, I made a familiar mistake in my investment journey. I bought Ethereum ($ETH ) at $3900, but then the market dropped. It was hard to accept the loss, so I held onto it, hoping it would bounce back.
Luckily, Bitcoin ($BTC ) did well, so I sold it and used the money to buy more ETH at $3050, lowering my average cost. Eventually, I sold it at $3500, minimizing my losses.
But then $ETH dipped again. I cautiously bought a bit more, expecting changes in the market. Now, I'm keeping an eye on Bitcoin, especially if it goes below $59k after the halving event.
In short, my recent trades had their ups and downs, teaching me lessons and keeping me cautiously optimistic about future market trends.
For those expecting prices to halve and then surge, it's not going to happen. The price reduction was already factored in, and it might even be too high. When the halving occurs, my target of $52,000, and possibly even the $42,000 I mentioned, could come true. My advice: hold off on buying for now. Regardless of what happens, $BTC will reach $52,000. Check my page for past comments; I've been accurate since $71,000, even at odds of 1000 to 1.
The Shiba Inu coin's burning rate increased by a massive 64,000% in the last 24 hours. This means over 657 million $SHIB tokens were destroyed, bringing the total to a whopping 410,725,564,272,084 tokens burned. The price of $SHIB has gone up by 6.83% today, hinting at a possible recovery after a big drop over the weekend. Shiba Inu coin suffered losses for three days straight from April 11 to 13, falling by 26.71% and dropping below the $0.00002 support level. Despite some gains earlier this month, SHIB couldn't keep up and entered a downward trend by the end of last week. Shiba Inu has been growing impressively, nearing Dogecoin's market capitalization, but the recent market slump has affected it too. At the moment, signals for SHIB on the blockchain mostly show a negative outlook. Despite this, the Shiba Inu team remains determined. Lucie, the team's marketing specialist, tweeted about their commitment to Shibarium, highlighting their goal to lead the cryptocurrency market regardless of challenges. #SHIB#sui#WIF#Memecoins#BullorBear