LIVERaphael Minter
@Square-Creator-b71971644
I am a crypto writer with years of experience.
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Polkadot Price Prediction: Is DOT On the Rise After New Partnership With Major Soccer Club
#CryptoMarketMoves Polkadot ($DOT ) has been trending over the past hour due to its latest partnership.
The project's latest partnership is an alliance between the crypto company and Inter Miami of Major League Soccer (MLS).
Not only ago, this wouldn't have crossed traction but the addition of household names in soccer such as #LionelMessi and Luis Suarez, formally of FC Barcelona has added more traction to the partnership.
As of this writing, DOT was in green and will continue to trade north as the news hit most of the major markets across the globe.
Other competitors of DOT that can also be considered for trading include, but are not limited to Solana $SOL
Avalanche ($AVAX ) and Algorand (ALGO) are coins that can be monitored as well.
Whatever happens, invest in crypto with an eye on the long term.
So, is DOT A good investment?
Yes, DOT is still a good investment. In crypto, staking, exchange listing, and partnerships are primary drivers. Such partnerships and an expansion in its ecosystem could take the coin towards its peak price over the coming months.
#CryptoMarketMoves Polkadot ($DOT ) has been trending over the past hour due to its latest partnership.
The project's latest partnership is an alliance between the crypto company and Inter Miami of Major League Soccer (MLS).
Not only ago, this wouldn't have crossed traction but the addition of household names in soccer such as #LionelMessi and Luis Suarez, formally of FC Barcelona has added more traction to the partnership.
As of this writing, DOT was in green and will continue to trade north as the news hit most of the major markets across the globe.
Other competitors of DOT that can also be considered for trading include, but are not limited to Solana $SOL
Avalanche ($AVAX ) and Algorand (ALGO) are coins that can be monitored as well.
Whatever happens, invest in crypto with an eye on the long term.
So, is DOT A good investment?
Yes, DOT is still a good investment. In crypto, staking, exchange listing, and partnerships are primary drivers. Such partnerships and an expansion in its ecosystem could take the coin towards its peak price over the coming months.
#CryptoMarketMoves PUDGY PENGUINS SURPASS BAYC IN NFT SALES!!!
#BoredApeYachtClub is among the most popular non-fungible token collections in the market.
Per CoinMarketCap data, PENGUINS outpaced Yuga Labs' BAYC.
Most of the transactions were settled in Polygon ($MATIC )
Majority are settled in Ethereum ($ETH )
Find the thread to see the nfts you should be targeting in September.
#BoredApeYachtClub is among the most popular non-fungible token collections in the market.
Per CoinMarketCap data, PENGUINS outpaced Yuga Labs' BAYC.
Most of the transactions were settled in Polygon ($MATIC )
Majority are settled in Ethereum ($ETH )
Find the thread to see the nfts you should be targeting in September.
#CryptoNewss
These #coins and #tokens are trendsetters for the 1st Week of September.
DeFi assets like Uniswap ($UNI ) and POPCAT are among the highest gainers for the week.
Ethereum ($ETH ) as always is among them.
Others such as Flow ($FLOW ) and Fantom are among the must watch.
These #coins and #tokens are trendsetters for the 1st Week of September.
DeFi assets like Uniswap ($UNI ) and POPCAT are among the highest gainers for the week.
Ethereum ($ETH ) as always is among them.
Others such as Flow ($FLOW ) and Fantom are among the must watch.
#CryptoMarketMoves
Bitcoin Miner Revenue Soared Above $800 Million Despite Bearish Market
According to data from analytics the Block, Bitcoin ($BTC ) #miners revenue for August totaled $851 million, marking a significant 10.5% decrease from July's $927.35 million. This figure represents a staggering 57% drop from the 2024 peak of $1.93 billion recorded in March, coinciding with Bitcoin's all-time high of over $73,500.
While BTC is currently hovering under $60,000, many analysts believe the coin will rebound, and reach new price Highs in the future...
Bitcoin Miner Revenue Soared Above $800 Million Despite Bearish Market
According to data from analytics the Block, Bitcoin ($BTC ) #miners revenue for August totaled $851 million, marking a significant 10.5% decrease from July's $927.35 million. This figure represents a staggering 57% drop from the 2024 peak of $1.93 billion recorded in March, coinciding with Bitcoin's all-time high of over $73,500.
While BTC is currently hovering under $60,000, many analysts believe the coin will rebound, and reach new price Highs in the future...
#BNBChainMemecoins BIKA Recorded $7Billion More than Binance as Daily Trading Volume?
What exchange is BIKA?
Is #Binance losing its position as the largest crypto #exchange by daily trading volume?
According to Statista, they are making huge waves and raking in billions of dollars in daily volume?
Can BIKA surpass Binance ($BNB )?
$BNB
What exchange is BIKA?
Is #Binance losing its position as the largest crypto #exchange by daily trading volume?
According to Statista, they are making huge waves and raking in billions of dollars in daily volume?
Can BIKA surpass Binance ($BNB )?
$BNB
How much do you think Bitcoin (BTC) Miner Revenue Will Bring for August 2024?
$900 Million
48%
$1 Billion
20%
$1.5 Billion
19%
$950 Million
13%
70 Szavazatok • Voting closed
#CryptoMarketMoves
LISK Airdrop Ends on August 31, 2024.
All non-fungible token enthusiast should do everything in their capacity to get their hands on some of the collectibles before it ends.
Global NFT Market Sales have surpassed $65 billion. As always, Ethereum, Bitcoin, Solana, and BNB Chains are the main NFT blockchains to watch out for.
LISK Airdrop Ends on August 31, 2024.
All non-fungible token enthusiast should do everything in their capacity to get their hands on some of the collectibles before it ends.
Global NFT Market Sales have surpassed $65 billion. As always, Ethereum, Bitcoin, Solana, and BNB Chains are the main NFT blockchains to watch out for.
#CryptoMarketMoves Shiba Inu Total Supply Reduced from Quadrillions to Trillions!!! Is $1 On the Horizon In the Near Future?
To all #shiba⚡ owners, scarcity which is an element of the attributes of currency money can take hold of $SHIB soon.
With a vibrant ecosystem, SHIB can surpass its all-time high and make run for $1. With that, it can challenge $#doge⚡ status as the largest memecoin by capitalization.
To all #shiba⚡ owners, scarcity which is an element of the attributes of currency money can take hold of $SHIB soon.
With a vibrant ecosystem, SHIB can surpass its all-time high and make run for $1. With that, it can challenge $#doge⚡ status as the largest memecoin by capitalization.
#BinanceBlockchainWeek BNB Chain Spikes to 5-Month High in NFT Sales With More than $15 Million
NFTs are not trending like it was in 2021. Despite the bears, BNB Chain NFTs have performed extremely well in August 2024.
With more than $15 million (month-to-date), NFTs on Binance outperformed previous months (April, May, June, and July).
This impacts the $BNB coin positively since it oversees all transactions on the chain.
The performances of Nooties, Thenian, and Synclub's Early Adopters coupled with the launch of more digital collections will impact the fortunes of the chain positively.
That said, BNB Chain has been flipped by Mythos Chain and Bitcoin ($BTC
Solana and Cardano ($ADA ) are among the biggest #nft chains.
NFTs are not trending like it was in 2021. Despite the bears, BNB Chain NFTs have performed extremely well in August 2024.
With more than $15 million (month-to-date), NFTs on Binance outperformed previous months (April, May, June, and July).
This impacts the $BNB coin positively since it oversees all transactions on the chain.
The performances of Nooties, Thenian, and Synclub's Early Adopters coupled with the launch of more digital collections will impact the fortunes of the chain positively.
That said, BNB Chain has been flipped by Mythos Chain and Bitcoin ($BTC
Solana and Cardano ($ADA ) are among the biggest #nft chains.
#CryptoMarketMoves Bitcoin Cannot Be Underrated As An NFT Blockchain AnyMore After Consistent Lead in Sales
With #bitcoin☀️ nfts, many people think about Ordinals, especially, Uncategorized Ordinals.
Fortunately, there's more to Bitcoin NFTs than Ordinals. The current project raking in millions for the flagship blockchain project is FSIC.
Such diversity in collections bodes well for $BTC
Its extremely important and helps the chain compete fair and square with others such as Ethereum and Solana.
Despite NFTs not having the same buzz they used to, Ethereum NFTs continue to see above-average volumes. Bored Apes, Sorare, and CryptoPunks continue to rake in decent sales. This go a long way to impact $ETH positively since its the main digital coin which settles transactions.
BAYC doesn't have the support of the Snoop Doggs anymore but can still hold its own in this saturated market. While $APE is currently below $1, its involvement in upcoming blockchain-based games makes it one to consider for the future.
With #bitcoin☀️ nfts, many people think about Ordinals, especially, Uncategorized Ordinals.
Fortunately, there's more to Bitcoin NFTs than Ordinals. The current project raking in millions for the flagship blockchain project is FSIC.
Such diversity in collections bodes well for $BTC
Its extremely important and helps the chain compete fair and square with others such as Ethereum and Solana.
Despite NFTs not having the same buzz they used to, Ethereum NFTs continue to see above-average volumes. Bored Apes, Sorare, and CryptoPunks continue to rake in decent sales. This go a long way to impact $ETH positively since its the main digital coin which settles transactions.
BAYC doesn't have the support of the Snoop Doggs anymore but can still hold its own in this saturated market. While $APE is currently below $1, its involvement in upcoming blockchain-based games makes it one to consider for the future.
#TON Tap to Earn (T2E) Coins Looks Like the New Golden Goose for Crypto Traders
Over the past 24 hours, T2E Coins market capitalization has made the category the best by average price chain. Cumulatively, most of the coins are relatively priced lower. This makes it easy for traders to see gains within a short period.
Notcoin ($NOT ) and Monorix (MRX) lead the way. The overall market capitalization for Tap to Earn is around $900 million. Only time will tell if more coins with great ecosytems can make this category one to reckon with.
#CryptoMarketMoves That said, the market has been extremely slow with largest coins such as $BTC and $ETH not seeing any real changes.
Ethereum continues to make consistent gains in DeFi TVL in addition to its exchange-traded fund (ETF) moves.
Over the past 24 hours, T2E Coins market capitalization has made the category the best by average price chain. Cumulatively, most of the coins are relatively priced lower. This makes it easy for traders to see gains within a short period.
Notcoin ($NOT ) and Monorix (MRX) lead the way. The overall market capitalization for Tap to Earn is around $900 million. Only time will tell if more coins with great ecosytems can make this category one to reckon with.
#CryptoMarketMoves That said, the market has been extremely slow with largest coins such as $BTC and $ETH not seeing any real changes.
Ethereum continues to make consistent gains in DeFi TVL in addition to its exchange-traded fund (ETF) moves.
#CryptoMarketMoves Cronos Price Prediction: CRO To Become A Millionaire Maker With Standard Chartered and UEFA Champions League Partnerships
Crypto.com has partnered with Standard Chartered Bank to provide fiat currency services in 90 countries, including the United Arab Emirates (UAE).
Via this partnership, people will be able to make deposits, and withdraw fiat such as Euro through the exchange.
Prior to this announcement, the exchange became the first trading platform to score a partnership agreement with UEFA on its flagship competition called the Champions League. The platform is now one of the official global sponsors of the competition.
The primary beneficiary of these partnerships is $CRO, the native asset of the platform.
Such news bodes well for all crypto exchanges across the globe. With law enforcement's prying eyes on the growing industry, top exchanges notching mainstream partnerships show the importance or crypto services.
$BNB is still among the top 10 largest digital assets by market capitalization and it's backed by a crypto exchange .
$CRV is a decentralized exchange (DEX) that also thrives on positive exchange news coupled with its own metrics.
Other noteworthy tokens and coins supporting exchanges include $CAKE
So, so are CRO and Exchange tokens good investments
Yes, #exchtokens are among the digital assets you should consider for your portfolio of investments. They thrive on the success of their exchanges in addition to other metrics such as partnerships and staking services.
Crypto.com has partnered with Standard Chartered Bank to provide fiat currency services in 90 countries, including the United Arab Emirates (UAE).
Via this partnership, people will be able to make deposits, and withdraw fiat such as Euro through the exchange.
Prior to this announcement, the exchange became the first trading platform to score a partnership agreement with UEFA on its flagship competition called the Champions League. The platform is now one of the official global sponsors of the competition.
The primary beneficiary of these partnerships is $CRO, the native asset of the platform.
Such news bodes well for all crypto exchanges across the globe. With law enforcement's prying eyes on the growing industry, top exchanges notching mainstream partnerships show the importance or crypto services.
$BNB is still among the top 10 largest digital assets by market capitalization and it's backed by a crypto exchange .
$CRV is a decentralized exchange (DEX) that also thrives on positive exchange news coupled with its own metrics.
Other noteworthy tokens and coins supporting exchanges include $CAKE
So, so are CRO and Exchange tokens good investments
Yes, #exchtokens are among the digital assets you should consider for your portfolio of investments. They thrive on the success of their exchanges in addition to other metrics such as partnerships and staking services.
#TON Ecosystem, Gambling, and Gaming Tokens Records the Best Average Price Changes
Data from #CoinMarketCap show that tokens trading under the above banners are likely to bring you the most gains within a short time.
Platforms like BitCasino, BCGAME, and others have made it possible for millions of traders that value anonymity to engage with #Betting
Bitcoin ($BTC ) is normally supported in addition to the #stablecoin USDT.
Therefore, as a beginner trader, you don't have to look far. You can select from a range of gambling tokens, most of which are deployed on the TRON ($TRX ) ecosystem.
Aside from that, you can take advantage of gaming tokens such as ApeCoin (APE), The Sandbox (SAND) and the others.
Toncoin ($TON ) has been one of the biggest trends of the past 10 days so you cannot discard it.
#CryptoMarketMoves These tokens have brightened the portfolios of millions and may be the missing assets needed to put your investments in green.
Data from #CoinMarketCap show that tokens trading under the above banners are likely to bring you the most gains within a short time.
Platforms like BitCasino, BCGAME, and others have made it possible for millions of traders that value anonymity to engage with #Betting
Bitcoin ($BTC ) is normally supported in addition to the #stablecoin USDT.
Therefore, as a beginner trader, you don't have to look far. You can select from a range of gambling tokens, most of which are deployed on the TRON ($TRX ) ecosystem.
Aside from that, you can take advantage of gaming tokens such as ApeCoin (APE), The Sandbox (SAND) and the others.
Toncoin ($TON ) has been one of the biggest trends of the past 10 days so you cannot discard it.
#CryptoMarketMoves These tokens have brightened the portfolios of millions and may be the missing assets needed to put your investments in green.
#CryptoMarketMoves Will OpenSea NFT Marketplace Recover from the SEC Probe After Falling Below $200 Million in 8 Consecutive Months
The NFT Market has been down over the past 20 months in large part to the effects of crypto winter.
Within the period, #OpenSea has struggled to maintain its lead as the largest NFT marketplace by all time sales volume.
X2Y2 came along in 2022 and Blur followed in 2023. Ever since the two became dominant, OpenSea has lost its place in the NFT world.
As of writing the NFT marketplace was trailing Blur. To add insult to injury, the SEC has targeted the digital art trading platform for selling unregistered securities.
OpenSea is on course to record less than $50 million in monthly volume for August.
Ethereum ($ETH ) leads the pack with top #nft sales on OpenSea.
Blur ($BLUR ) has been doing extremely well thanks to the more than $50 million it's parent platform has been recording as monthly volume.
Only time will tell if OpenSea will be impacted by the same negative effects Ripple ($XRP ) suffered in the hands of the SEC.
The NFT Market has been down over the past 20 months in large part to the effects of crypto winter.
Within the period, #OpenSea has struggled to maintain its lead as the largest NFT marketplace by all time sales volume.
X2Y2 came along in 2022 and Blur followed in 2023. Ever since the two became dominant, OpenSea has lost its place in the NFT world.
As of writing the NFT marketplace was trailing Blur. To add insult to injury, the SEC has targeted the digital art trading platform for selling unregistered securities.
OpenSea is on course to record less than $50 million in monthly volume for August.
Ethereum ($ETH ) leads the pack with top #nft sales on OpenSea.
Blur ($BLUR ) has been doing extremely well thanks to the more than $50 million it's parent platform has been recording as monthly volume.
Only time will tell if OpenSea will be impacted by the same negative effects Ripple ($XRP ) suffered in the hands of the SEC.
#CryptoMarketMoves The market for #videogames continue to Soar significantly and this has impacted some tokens positively.
As the video game market booms here are some of the tokens you could consider adding to your portfolio of investments.
Immutable X ($IMX ) continues to bring decent gains to investors. At its current trading price, a small sum of money can buy and HODL lots of this gaming token. Whiles many analysts accurately predicted somewhat of a bear market in 2023 which came through, 2024, and 2025 have been forecasted to bring gains like 2021. Keep your eye on the price performance of this gaming token, its been one of the hidden golden goose for a long time.
Another token that's not hiding for sometime is the Gala Token ($GALA ). Trading below $0.1 offers several opportunities for interested traders to hold onto a token with great potential in the future.
The last coin, I'd like to talk about is ApeCoin ($APE ). APE started strongly in March 2022 and is used in Benji Bananas. It has also been lined up to be used in a number of games by developers Yuga Labs. The weight of the #Boredape project makes it one of the go-to gaming tokens.
Other noteworthy mentions include, but are not limited to, The Sandbox (SAND), Decentraland (MANA), and others.
As the video game market booms here are some of the tokens you could consider adding to your portfolio of investments.
Immutable X ($IMX ) continues to bring decent gains to investors. At its current trading price, a small sum of money can buy and HODL lots of this gaming token. Whiles many analysts accurately predicted somewhat of a bear market in 2023 which came through, 2024, and 2025 have been forecasted to bring gains like 2021. Keep your eye on the price performance of this gaming token, its been one of the hidden golden goose for a long time.
Another token that's not hiding for sometime is the Gala Token ($GALA ). Trading below $0.1 offers several opportunities for interested traders to hold onto a token with great potential in the future.
The last coin, I'd like to talk about is ApeCoin ($APE ). APE started strongly in March 2022 and is used in Benji Bananas. It has also been lined up to be used in a number of games by developers Yuga Labs. The weight of the #Boredape project makes it one of the go-to gaming tokens.
Other noteworthy mentions include, but are not limited to, The Sandbox (SAND), Decentraland (MANA), and others.
Short or Long Term Investing: Dogwifhat (WIF) HODLers with $1,000 Investment Portfolio Now Worth More than $30,000
#DOGSONBINANCE
It may come as a surprise to short-term crypto traders, but $WIF has brightened the portfolios of investors who played the long game.
On the first day of the year, WIF opened trading at a price of $0.1528. The rebounding of Bitcoin ($BTC ) and Ethereum ($ETH ) attracted many traders seeking to offset their losses from the crypto winter.
Those who searched for other golden geese, such as WIF and other memecoins, have seen quadruple percentage gains in the first eight months of 2024.
Take, for example, a trader who bought $100 worth of WIF on January 1. He was able to buy 654 WIFs. When WIF rose to a new peak price of $4.85 on May 31, his $100 investment increased to $3,174. What if he decided to buy more WIFs and invested $1,000? That amount of money could have purchased 6,544 WIFs during the early days of the year. By the end of May, crypto traders who made this decision walked away with in excess of $30,000.
#CryptoMarketMoves While many traders believe in the get in and get out quick method, you should know more about why investing in crypto for the long term may be the right decision.
#DOGSONBINANCE
It may come as a surprise to short-term crypto traders, but $WIF has brightened the portfolios of investors who played the long game.
On the first day of the year, WIF opened trading at a price of $0.1528. The rebounding of Bitcoin ($BTC ) and Ethereum ($ETH ) attracted many traders seeking to offset their losses from the crypto winter.
Those who searched for other golden geese, such as WIF and other memecoins, have seen quadruple percentage gains in the first eight months of 2024.
Take, for example, a trader who bought $100 worth of WIF on January 1. He was able to buy 654 WIFs. When WIF rose to a new peak price of $4.85 on May 31, his $100 investment increased to $3,174. What if he decided to buy more WIFs and invested $1,000? That amount of money could have purchased 6,544 WIFs during the early days of the year. By the end of May, crypto traders who made this decision walked away with in excess of $30,000.
#CryptoMarketMoves While many traders believe in the get in and get out quick method, you should know more about why investing in crypto for the long term may be the right decision.
#CryptoMarketMoves
Short or Long Term Investing: POPCAT Turned $100 into $12,000 in 7 Months
Popular memecoins like $POPCAT have swept the decentralized finance market. From January to July, the crypto token soared by more than 12,000%. As a result, crypto enthusiasts who invested $100 in memecoin on January 1 saw an increase in their investments to over $12,000.
According to simple percentages, $100 on January 1 could buy 12,333 POPCATs for $0.008108. In the same vein, $1,000 could buy about 123,334 memecoins at the same price. Leveraging the meme frenzy and positive market sentiment, the digital asset peaked at $0.9976 on July 21.
As a result, the $100 investment (12,333 POPCATs) turned into $12,303. Those who invested $1,000 saw their capital rise to $123,039.
While millions of unsophisticated traders see memecoins ($DOGE , $SHIB , and $FLOKI ), among others, as a short-term investment, finding ample time to analyze them shows above-average long-term gains.
Therefore, while many people view cryptocurrency as a short-term investment, it's important to remember that investing over time in this volatile market is more beneficial than trying to time the market.
Short or Long Term Investing: POPCAT Turned $100 into $12,000 in 7 Months
Popular memecoins like $POPCAT have swept the decentralized finance market. From January to July, the crypto token soared by more than 12,000%. As a result, crypto enthusiasts who invested $100 in memecoin on January 1 saw an increase in their investments to over $12,000.
According to simple percentages, $100 on January 1 could buy 12,333 POPCATs for $0.008108. In the same vein, $1,000 could buy about 123,334 memecoins at the same price. Leveraging the meme frenzy and positive market sentiment, the digital asset peaked at $0.9976 on July 21.
As a result, the $100 investment (12,333 POPCATs) turned into $12,303. Those who invested $1,000 saw their capital rise to $123,039.
While millions of unsophisticated traders see memecoins ($DOGE , $SHIB , and $FLOKI ), among others, as a short-term investment, finding ample time to analyze them shows above-average long-term gains.
Therefore, while many people view cryptocurrency as a short-term investment, it's important to remember that investing over time in this volatile market is more beneficial than trying to time the market.
Should You Buy a Piece or a Whole Bitcoin (BTC)?
#CryptoMarketMoves Bitcoin has been hovering around the $70,000 maximum milestone for quite some time. The coin’s price is currently out of the range of low-income traders and investors. That is why it has become important to analyze whether it is better to buy a whole coin. Or, is it also great to buy a piece of the digital asset due to its divisibility feature?
Bitcoin investing is a sensitive topic in the crypto-finance space. During a particular week on Reddit, a discussion about whether people should consider investing in whole BTC caught fire.
Some people questioned the purpose of asking such a question, but it’s crucial to understand the potential consequences of investing in Bitcoin. Millions of people are investing in the flagship crypto without knowing the potential profit that may come their way.
Let us examine the possibilities of buying a whole BTC or just a part of it.
Should you buy a whole bitcoin?
Several factors influence the decision to buy a whole Bitcoin ($BTC ) or just a part of it. Most of the factors revolve around your financial situation, investment goals, and risk tolerance. Here are some of the advantages of buying whole BTCs.
Pros of buying whole bitcoins
Simplified ownership and transfer: This refers to the ease with which users can manage, store, and transfer their digital assets. You can easily keep track of the digital coin by purchasing a whole BTC and storing it at a specific location.
Potential for higher returns: Once Bitcoin’s price increases significantly, you stand a greater chance of seeing huge returns. Consider this example. On March 17, 2020, BTC was exchanging hands for $5,000. If you had purchased 1BTC on that day, your investment could have soared to around $68,000 on March 17, 2024. The difference is $63,000 (1,260%), which is a significant windfall for a coin that fell on its knees during the COVID-19 year.
Cons of buying whole Bitcoin
Some of the disadvantages of investing in Bitcoin as a whole coin include:
Higher upfront costs: The largest digital asset by market capitalization is currently trading for around $67,000. This makes it extremely expensive and mostly out of reach for beginner traders.
Market volatility has the potential to cause massive losses. The crypto finance market is highly volatile. There can be uptrends today and downtrends tomorrow. While a massive price spike will lead to huge gains, a repeat of the crypto winter will result in steep losses.
Should you buy a fraction/part of Bitcoin?
Buying fractions of Bitcoin depends on several factors, such as your financial goals and your risk appetite. While many believe whole coins are the way to go, others believe in fractions. Let us examine some of the pros and cons of buying fractions of the most popular coin on the market.
Pros of buying fractions of the cryptocurrency
Lower upfront cost: This is great for beginners, as they can buy BTC for as little as $1. This helps them get a feel for how cryptocurrency investing works in the near, medium, and long term.
Diversification of investments: Buying fractions of a coin means that you have enough money to pump into other coins. While BTC is the most sought-after, others, such as Ethereum ($ETH ), ApeCoin ($APE ), and #DOGSONBINANCE , show promise. Diversification is important because, for example, if BTC isn’t bringing in gains, others will.
Cons of buying fractions of the digital asset
Complex ownership: The ownership and transfer of cryptocurrency is influenced by numerous factors. Wallets, exchange integration, mobile applications, and custodial and non-custodial services are part of crypto ownership and transfer. Keeping some coins on one platform and others on another is risky. You could lose your private keys. More importantly, an exchange can collapse (like FTX). Keep track of your fractions: The complexity around fraction ownership is not great for those who can’t keep track of their assets.
We have outlined the pros and cons of owning a whole or fraction of Satoshi Nakamoto’s blockchain-backed coin. Should you buy a whole coin or just a piece of BTC?
Should you buy a whole BTC or just a fraction of it?
You should buy whole coins instead of fractions, especially for higher-priced cryptocurrencies like BTC. This is because at $70,000, buying, let’s say, $1,000 worth of Bitcoin will give you 0.01428571 BTC ($1,000/$70,000).
Please be aware that cryptocurrencies possess a divisibility factor, allowing for division into decimal points.
On the other hand, if someone buys $70,000 worth of the same coin, they would get 1 BTC ($70,000/$70,000). This is where it gets interesting. You need to pay close attention. Before a person with a whole coin can realize 100% gains, BTC needs to rise sharply to $140,000 from $70K. Such a spike increases the portfolio of the person who bought $1,000 worth of BTC by $1,000. So your portfolio will total $2,000. In the same way, the one with a $70K investment will see his investment increase by $70K to $140,000.
This is the reason we believe millions of people are investing in Bitcoin without receiving any returns. Understand simple percentages, as well as, more importantly, percentage change. This will help you understand whether you should settle for BTC (higher-priced coins).
But whatever happens, always understand that investing in Bitcoin and other coins comes at a high risk. Invest in what you can afford to write off as bad debt due to the market’s unpredictability.
Frequently Asked Questions (FAQs): Should I buy a whole bitcoin or just a piece of BTC?
Below are some of the most frequently asked questions about investing in BTC as a whole or in pieces.
Should you buy one full bitcoin?
Yes! You should buy one full bitcoin. At $70K, Bitcoin is extremely expensive. Despite its price, buying a whole BTC is the only way to maximize gains in the long run. Before you can see 100% gains in your investment, BTC needs to double in value.
Investing $500 now will increase your investment to $1,000 in the future, should the coin reach $140,000. Buying $10,000 worth of the most popular crypto asset will see your portfolio spike to $20,000 (double). So if you can, buy a whole coin.
Some advantages of buying whole coins include simplified ownership, transfers, and huge potential returns. Some of the disadvantages include a relatively higher upfront cost and relatively higher potential losses from unforeseen macroeconomic indicators.
Is it worth buying $100 of Bitcoin?
No, it is not worth buying $100 worth of Bitcoin. At $70,000, buying $100 means that you would get 0.00142857 BTC ($100/$70,000). The only way to see a 100% change, which will give you $200, is for the digital coin to test $140,000. It would take massive individual whales and institutional investors to bring the crypto asset to such a price. Many analysts predict that the coin must reach $100,000 by the end of 2024 to test such a valuation.
Is it worth buying small amounts of Bitcoin?
Yes, it is worth buying small amounts of bitcoin if the idea is to add up to a whole coin. Buying fractions has several advantages, including lower upfront costs. Aside from that, you can also diversify your crypto-investment portfolio with other digital assets.
How much Bitcoin should you own?
You should own at least 1 BTC. Many proponents, such as MicroStrategy’s Michael Saylor and others, forecast higher prices for the coin. Owing a small piece would not help you long-term. Own a whole BTC now, so that if it reaches $1 million in the future, you will have at least $900.000 in profit.
Bitcoin investing is a sensitive topic in the crypto-finance space. During a particular week on Reddit, a discussion about whether people should consider investing in whole BTC caught fire.
Some people questioned the purpose of asking such a question, but it’s crucial to understand the potential consequences of investing in Bitcoin. Millions of people are investing in the flagship crypto without knowing the potential profit that may come their way.
Let us examine the possibilities of buying a whole BTC or just a part of it.
Should you buy a whole bitcoin?
Several factors influence the decision to buy a whole Bitcoin ($BTC ) or just a part of it. Most of the factors revolve around your financial situation, investment goals, and risk tolerance. Here are some of the advantages of buying whole BTCs.
Pros of buying whole bitcoins
Simplified ownership and transfer: This refers to the ease with which users can manage, store, and transfer their digital assets. You can easily keep track of the digital coin by purchasing a whole BTC and storing it at a specific location.
Potential for higher returns: Once Bitcoin’s price increases significantly, you stand a greater chance of seeing huge returns. Consider this example. On March 17, 2020, BTC was exchanging hands for $5,000. If you had purchased 1BTC on that day, your investment could have soared to around $68,000 on March 17, 2024. The difference is $63,000 (1,260%), which is a significant windfall for a coin that fell on its knees during the COVID-19 year.
Cons of buying whole Bitcoin
Some of the disadvantages of investing in Bitcoin as a whole coin include:
Higher upfront costs: The largest digital asset by market capitalization is currently trading for around $67,000. This makes it extremely expensive and mostly out of reach for beginner traders.
Market volatility has the potential to cause massive losses. The crypto finance market is highly volatile. There can be uptrends today and downtrends tomorrow. While a massive price spike will lead to huge gains, a repeat of the crypto winter will result in steep losses.
Should you buy a fraction/part of Bitcoin?
Buying fractions of Bitcoin depends on several factors, such as your financial goals and your risk appetite. While many believe whole coins are the way to go, others believe in fractions. Let us examine some of the pros and cons of buying fractions of the most popular coin on the market.
Pros of buying fractions of the cryptocurrency
Lower upfront cost: This is great for beginners, as they can buy BTC for as little as $1. This helps them get a feel for how cryptocurrency investing works in the near, medium, and long term.
Diversification of investments: Buying fractions of a coin means that you have enough money to pump into other coins. While BTC is the most sought-after, others, such as Ethereum ($ETH ), ApeCoin ($APE ), and #DOGSONBINANCE , show promise. Diversification is important because, for example, if BTC isn’t bringing in gains, others will.
Cons of buying fractions of the digital asset
Complex ownership: The ownership and transfer of cryptocurrency is influenced by numerous factors. Wallets, exchange integration, mobile applications, and custodial and non-custodial services are part of crypto ownership and transfer. Keeping some coins on one platform and others on another is risky. You could lose your private keys. More importantly, an exchange can collapse (like FTX). Keep track of your fractions: The complexity around fraction ownership is not great for those who can’t keep track of their assets.
We have outlined the pros and cons of owning a whole or fraction of Satoshi Nakamoto’s blockchain-backed coin. Should you buy a whole coin or just a piece of BTC?
Should you buy a whole BTC or just a fraction of it?
You should buy whole coins instead of fractions, especially for higher-priced cryptocurrencies like BTC. This is because at $70,000, buying, let’s say, $1,000 worth of Bitcoin will give you 0.01428571 BTC ($1,000/$70,000).
Please be aware that cryptocurrencies possess a divisibility factor, allowing for division into decimal points.
On the other hand, if someone buys $70,000 worth of the same coin, they would get 1 BTC ($70,000/$70,000). This is where it gets interesting. You need to pay close attention. Before a person with a whole coin can realize 100% gains, BTC needs to rise sharply to $140,000 from $70K. Such a spike increases the portfolio of the person who bought $1,000 worth of BTC by $1,000. So your portfolio will total $2,000. In the same way, the one with a $70K investment will see his investment increase by $70K to $140,000.
This is the reason we believe millions of people are investing in Bitcoin without receiving any returns. Understand simple percentages, as well as, more importantly, percentage change. This will help you understand whether you should settle for BTC (higher-priced coins).
But whatever happens, always understand that investing in Bitcoin and other coins comes at a high risk. Invest in what you can afford to write off as bad debt due to the market’s unpredictability.
Frequently Asked Questions (FAQs): Should I buy a whole bitcoin or just a piece of BTC?
Below are some of the most frequently asked questions about investing in BTC as a whole or in pieces.
Should you buy one full bitcoin?
Yes! You should buy one full bitcoin. At $70K, Bitcoin is extremely expensive. Despite its price, buying a whole BTC is the only way to maximize gains in the long run. Before you can see 100% gains in your investment, BTC needs to double in value.
Investing $500 now will increase your investment to $1,000 in the future, should the coin reach $140,000. Buying $10,000 worth of the most popular crypto asset will see your portfolio spike to $20,000 (double). So if you can, buy a whole coin.
Some advantages of buying whole coins include simplified ownership, transfers, and huge potential returns. Some of the disadvantages include a relatively higher upfront cost and relatively higher potential losses from unforeseen macroeconomic indicators.
Is it worth buying $100 of Bitcoin?
No, it is not worth buying $100 worth of Bitcoin. At $70,000, buying $100 means that you would get 0.00142857 BTC ($100/$70,000). The only way to see a 100% change, which will give you $200, is for the digital coin to test $140,000. It would take massive individual whales and institutional investors to bring the crypto asset to such a price. Many analysts predict that the coin must reach $100,000 by the end of 2024 to test such a valuation.
Is it worth buying small amounts of Bitcoin?
Yes, it is worth buying small amounts of bitcoin if the idea is to add up to a whole coin. Buying fractions has several advantages, including lower upfront costs. Aside from that, you can also diversify your crypto-investment portfolio with other digital assets.
How much Bitcoin should you own?
You should own at least 1 BTC. Many proponents, such as MicroStrategy’s Michael Saylor and others, forecast higher prices for the coin. Owing a small piece would not help you long-term. Own a whole BTC now, so that if it reaches $1 million in the future, you will have at least $900.000 in profit.
#CryptoMarketMoves Top New Cryptocurrencies Added to the Market Recently With TRON Blockchain Leading Deployments.
Below is the latest digital currencies to join the ever-growing crypto market.
In its inception, they are priced lower than established coins which makes them a great barrier to entering the market.
If you cannot afford Bitcoin $BTC
And you don't have around $2500 for Ethereum ($ETH )
You can settle on one of these coins and see what it can take you per your investment goals.
Below is the latest digital currencies to join the ever-growing crypto market.
In its inception, they are priced lower than established coins which makes them a great barrier to entering the market.
If you cannot afford Bitcoin $BTC
And you don't have around $2500 for Ethereum ($ETH )
You can settle on one of these coins and see what it can take you per your investment goals.
#scamriskwarning $MBAPPE Token Is a Scam and Has Swindled Innocent Traders Via More than $400 Million
Footballer Kylian Mbappe X (formerly Twitter) account has been compromised due to a hack.
Gaining access to such a popular person led to the launch and marketing of a cryptocurrency called MBAPPE.
Kindly keep an eye out so that you don't fall victim to such scams.
Before you invest $10, $50, $100, or more into a #CryptocurrencyLaunch token, kindly do your own due diligence.
Search for its authenticity on platforms like CERTIK.
Also look out for the exchanges that support that particular digital asset.
#CryptoMarketMoves That said, you can put $100 in coins such as $TON which is supported by mainstream exchanges.
ApeCoin ($APE ) is trading below $1 which means you can add at least 150 tokens to your portfolio.
The other asset worth considering is Stacks ($STX ). This is currently the largest metaverse #token by market capitalization.
Footballer Kylian Mbappe X (formerly Twitter) account has been compromised due to a hack.
Gaining access to such a popular person led to the launch and marketing of a cryptocurrency called MBAPPE.
Kindly keep an eye out so that you don't fall victim to such scams.
Before you invest $10, $50, $100, or more into a #CryptocurrencyLaunch token, kindly do your own due diligence.
Search for its authenticity on platforms like CERTIK.
Also look out for the exchanges that support that particular digital asset.
#CryptoMarketMoves That said, you can put $100 in coins such as $TON which is supported by mainstream exchanges.
ApeCoin ($APE ) is trading below $1 which means you can add at least 150 tokens to your portfolio.
The other asset worth considering is Stacks ($STX ). This is currently the largest metaverse #token by market capitalization.
