What was the first thing you bought with crypto?🤔 Mine was | LexzyBTC Binance Square

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What was the first thing you bought with crypto?🤔
Mine was an iPhone and i paid using $BTC 
Drop yours in the comment session👇
#BullorBear #BTC #bitcoin 

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||FUN FACTS ABOUT CRYPTO||

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How many $BTC do you need for retirement?🤔

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Benqi ($QI ) is a cryptocurrency that uses a proof-of-stake (PoS) consensus algorithm. Here's a brief technical analysis: Technical Indicators: -Relative Strength Index (RSI): 40-50 (oversold) -Moving Averages: 50-day MA: $0.065, 200-day MA: $0.075 -Bollinger Bands: Width: 15%, Upper Band: $0.085, Lower Band: $0.055 Chart Analysis: -Trend: Downward - Support: $0.055 - Resistance: $0.075 - Breakout: Above $0.085 or below $0.050 Technical Analysis Summary: Benqi is currently in a downward trend, with oversold conditions indicated by the RSI. The moving averages are bearishly aligned, and the Bollinger Bands are relatively wide, indicating high volatility. A breakout above $0.085 could indicate a trend reversal, while a breakdown below $0.050 could lead to further decline. Some additional notes: -Benqi has been experiencing a significant decline since its all-time high in November 2021. -The cryptocurrency market is highly volatile, and prices can change rapidly. -Always stay up-to-date with market news and trends, and consult with a financial advisor if needed. If analyzing the 25-day moving average for Benqi (QI). Here are some key points to consider: -Trend: The 25-day moving average for Benqi (QI) is sloping down, indicating a bearish trend. -Resistance: The 25-day moving average is currently above the Benqi price, which could act as a resistance in the future. -Support: The 50-day moving average on the weekly time frame is sloping up and below the current Benqi price, which could act as a support. -RSI: The Relative Strength Index (RSI) is within the 30-70 neutral zone, indicating a neutral trend. -MACD: There is no bullish or bearish divergence on the histogram, indicating no clear signal. Please keep in mind that technical analysis is not a guarantee of future price movements and it's essential to do your own research and consider multiple factors before making investment decisions. $BTC $ETH #technicalanalyst #Always_dyor

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BITCOIN vs BITCOIN ETF UNDERSTANDING BITCOIN ETFs Bitcoin: - Definition: Bitcoin is considered a commodity and the underlying asset in bitcoin futures contracts. It is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. - Spot Market: Bitcoins that sell for cash are said to trade on the “spot” market. The bitcoin spot market is not regulated by the CFTC or the SEC. - Volatility: Bitcoin can be highly volatile, and leverage created by futures contracts can significantly amplify both gains and losses. Bitcoin ETF: - Definition: A bitcoin futures exchange-traded fund (ETF) issues publicly traded securities that offer exposure to the price movements of bitcoin futures contracts. - How it works: An investment company creates a subsidiary that acts as a commodity pool. The pool in turn trades bitcoin futures contracts typically in an effort to mimic the spot price of bitcoin. - Advantages: Convenience, diversification, tax efficiency. - Disadvantages: Management fees, ETF inaccuracy, limits to cryptocurrency trading, lack of Bitcoin ownership. - Examples: ProShares Bitcoin Strategy ETF (ticker: BITO), VanEck Bitcoin Strategy ETF. - Regulation: Regulated by the SEC, but risks and returns of a bitcoin futures ETF will differ from the risks and returns of buying bitcoin on the spot market, or when trading bitcoin futures. NOTE: This post is mainly for educational purposes only and in no way a form of financial advice. Every information you come across in the crypto space shouldn't influence your decision making without proper research. #ETFvsBTC #Always_dyor #BTC🔥🔥🔥🔥🔥

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HAVE THE ALTCOIN SEASON BEGIN?!!🤔🤷🏼‍♂️ The question on everyone's mind! While it's difficult to declare with certainty, there are signs that Altcoin Season might be starting. Here are some indicators: 1. Bitcoin dominance: Bitcoin's dominance has been declining, and it recently dropped below 50% for the first time in a while. This can be a sign that altcoins are gaining traction. 2. Altcoin price movements: Many altcoins have been experiencing significant price increases, outperforming Bitcoin in recent weeks. This includes coins like Ethereum, Solana, and Cardano, $TRB , $QI , $ASR among others. 3. Trading volume: Altcoin trading volume has been increasing, indicating growing interest and activity in the altcoin market. 4. Market sentiment: The overall sentiment in the crypto community seems to be shifting, with many investors and traders becoming more optimistic about altcoins. However, it's essential to remember that the crypto market is highly volatile, and trends can change rapidly. While these signs might indicate the start of Altcoin Season, it's crucial to do your own research, set clear goals, and never invest more than you can afford to lose. Keep in mind that Altcoin Season is a market phenomenon where altcoins tend to outperform Bitcoin, but it's not a guarantee, and the crypto market can be unpredictable. #ETFvsBTC #altcoins #buythedip

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