On February 21st 2025, approximately $1.46 billion 💸 in cryptoassets were stolen from Bybit, a Dubai-based exchange. Initial reports suggest that malware was used to trick the exchange into approving transactions that sent the funds to the thief.
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With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Spot trading on Binance involves buying and selling cryptocurrencies directly at current market prices. Here's a general guide and a strategy to use charts effectively for writing (analyzing) and earning in Binance spot trading:
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Key Steps for Spot Trading on Binance:
1. Select a Trading Pair: For example, BTC/USDT or ETH/USDT. Ensure the pair has good liquidity.
2. Analyze the Chart: Use Binance's charting tools to study price movements and trends. Key components:
Candlestick Charts: Show open, high, low, and close prices.
Volume: Indicates the strength of a price movement.
3. Choose Indicators: Common indicators for spot trading:
Moving Averages (MA): Show average prices over a period to identify trends.
Relative Strength Index (RSI): Identifies overbought/oversold conditions.
MACD: Helps spot trend reversals and momentum.
4. Plan Your Trade:
Define entry points (buy when the price is low or at support levels).
Define exit points (sell at resistance levels or target profit zones).
Set stop-loss levels to minimize risks.
5. Monitor Market Conditions:
Keep an eye on news, updates, and market sentiment.
Use Binance's "Order Book" to see buy/sell activity.
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Example Chart Setup:
Timeframe: 1 Hour (Short-term) or 1 Day (Long-term).
Indicators:
50-Day and 200-Day Moving Averages.
RSI with overbought (>70) and oversold (<30) zones.
Support/Resistance Levels.
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How to Earn:
1. Buy Low, Sell High: Enter when the price touches a support level and sell when it nears resistance.
2. Dollar-Cost Averaging (DCA): Buy small amounts periodically to reduce the risk of bad timing.
3. Scalping: Take advantage of small price movements by executing multiple trades.
4. Swing Trading: Hold positions for a few days to capitalize on larger price swings.
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Would you like me to generate a sample trading chart or guide you in setting up one?
Bitcoin, the world's first and most well-known cryptocurrency, has experienced significant price fluctuations since its inception. As of December 2023, Bitcoin's value has been on a rollercoaster ride, with both substantial gains and losses. This volatility has led many investors to question whether it's wise to hold or sell their Bitcoin holdings. Understanding Bitcoin's Value Proposition Bitcoin's value proposition rests on several key factors: * Scarcity: Bitcoin has a limited supply of 21 million coins, making it a potentially valuable asset due to its scarcity. * Decentralization: Bitcoin operates on a decentralized network, removing the need for intermediaries like banks. This decentralization enhances security and reduces the risk of censorship. * Security: Bitcoin's blockchain technology is highly secure, making it difficult for hackers to manipulate the system. * Store of Value: Some investors view Bitcoin as a potential store of value, similar to gold, due to its limited supply and perceived security. The Hold or Sell Dilemma The decision to hold or sell Bitcoin depends on various factors, including your individual financial goals, risk tolerance, and investment horizon. Arguments for Holding Bitcoin: * Long-Term Potential: Many investors believe that Bitcoin has significant long-term potential due to its unique characteristics and growing adoption. * Diversification: Bitcoin can be a valuable addition to a diversified investment portfolio, potentially reducing overall risk. * Inflation Hedge: Some investors view Bitcoin as a hedge against inflation, as its value may increase over time, especially in periods of economic instability. Arguments for Selling Bitcoin: * Volatility: Bitcoin's price volatility can be unsettling for some investors, leading them to seek more stable investments. * Regulatory Uncertainty: The regulatory environment for cryptocurrencies, including Bitcoin, is still evolving, which could impact its future value. $BTC
Bitcoin, the world's first and most well-known cryptocurrency, has experienced significant price fluctuations since its inception. As of December 2023, Bitcoin's value has been on a rollercoaster ride, with both substantial gains and losses. This volatility has led many investors to question whether it's wise to hold or sell their Bitcoin holdings. Understanding Bitcoin's Value Proposition Bitcoin's value proposition rests on several key factors: * Scarcity: Bitcoin has a limited supply of 21 m