Do not use personal ID card to take pictures or record videos, Binance has warned about this, because there is a possibility of personal information being stolen, if the trader uses tricks, just report to Binance customer service
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Kyle Jang cm7x
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SCAM ALERT Be careful with P2P scams on Binance
Scammers are increasingly targeting P2P transactions. Here’s how it works:
Currently, there is a new way that P2P scammers can steal your money. First, you will complete a P2P transaction. There will be nothing wrong with it and you will think wow, that was a successful transaction BUT YOU ARE WRONG After you sell your Crypto and the money is sent to your bank account, the scammer will contact that bank and file a complaint saying that it was an illegal payment (CLEARLY THEY HAVE FOUND A LOOPHOLE IN THE BANKING SYSTEM THAT ALLOWS THEM TO DISPUTE THE PAYMENT)
Ethereum (ETH) Daily Technical and Fundamental Analysis – October 14, 2024Current Price and Market Sentiment Ethereum (ETH) is currently trading at approximately $2,454.46, reflecting a 1.34% increase today. The overall cryptocurrency market has shown positive movement, with a total market capitalization reaching around $2.23 trillion. Technical Analysis Price Patterns: Ethereum has developed a head and shoulders pattern, indicating a potential bearish trend. For this pattern to be confirmed, a breakdown below the support level of $2,432 is necessary, which could lead to further targets of $2,414 and $2,395. Moving Averages: Analysis of moving averages suggests a strong buy signal across various time frames, with 10 buy signals and only 2 sell signals identified. Indicators: RSI (Relative Strength Index): Currently positioned at 49.82, indicating a neutral state.MACD (Moving Average Convergence Divergence): Exhibits a slight bearish tendency.Stochastic Oscillator: At 47.82, suggesting neutral momentum. Key Levels Support Levels: $2,432, $2,414Resistance Levels: Immediate resistance is observed at $2,512.92, with further resistance around $2,661.32. Market Outlook The market sentiment is cautious due to mixed signals from technical indicators. The formation of a bearish pattern might exert downward pressure, yet the strength in moving averages indicates that upward movement could occur if ETH breaks through immediate resistance levels. For more insights and the latest updates, it's advisable to monitor ongoing market developments closely.
Today, October 14, 2024, Bitcoin is showing a strong bullish trend. The current price is hovering around **$62,700**, with the following key technical indicators: 1. **MACD**: A bullish crossover has occurred, indicating that the bullish momentum may continue. 2. **RSI**: At around 70, near the overbought zone, indicating a possible slight correction but the overall trend is still bullish. 3. **Bollinger Band**: The price is approaching the upper band of Bollinger, indicating strong volatility and strong buying pressure. ### Important support and resistance levels: - **Short-term resistance**: $63,500, if it breaks through this level, Bitcoin may advance to $65,000, an important psychological level.
- **Important Support**: $60,947 (Fibonacci 50%) and $59,271 (Fibonacci 61.8%). Although there may be some volatility due to reduced liquidity on Columbus Day in the US, if the price breaks above $63,500, the long-term uptrend could resume.
Keep a close eye on resistance levels and trading volume fluctuations to make sound trading decisions.
Choosing a coin to invest in depends on many factors such as investment goals, risk appetite, and market trends. Here are some popular and widely-watched coins, as well as factors you can consider when investing: 1. Bitcoin (BTC) Reason to invest: As the first and largest cryptocurrency in terms of market capitalization, Bitcoin is often considered “digital gold.” Bitcoin is more stable than other altcoins and is often chosen as a long-term store of value. Risks: High price volatility and major influence from global regulatory policies. 2. Ethereum (ETH) Reason to invest: Ethereum is the largest smart contract platform, which is the basis for many other blockchain projects such as DeFi and NFT. The upgrade to Ethereum 2.0 has helped increase scalability and reduce transaction costs. Risk: Competition from new blockchains such as Solana and Avalanche could impact Ethereum's position. 3. Solana (SOL) Reason to invest: Solana is known for its fast transaction processing speed and low transaction fees. It is widely used in DeFi and NFT projects, competing directly with Ethereum. Risk: Solana has encountered technical and security issues in the past, which could affect its reliability in the future. 4. Binance Coin (BNB) Reason to invest: BNB is a coin associated with the Binance ecosystem, the world's largest exchange. It is used to pay transaction fees and in projects on Binance Smart Chain (BSC). Risk: The value of BNB depends heavily on the development of Binance and BSC.
crypto world as of July 19, 2024: Bitcoin and Market Trends: Bitcoin is seeing a positive trend, trading above $67,800. The upcoming Bitcoin halving in April 2024 is anticipated to reduce coin issuance, potentially boosting its price. Bitcoin is also expected to benefit from the launch of spot ETFs and may reach new all-time highs by Q4 2024, especially if the U.S. economy faces a recession
Ethereum Developments: Ethereum is set for a strong year with significant updates like EIP-4884's Proto-danksharding. Despite its growth, it will likely remain behind Bitcoin in market cap. Ethereum's Layer 2 solutions, such as Polygon and Arbitrum, are projected to lead in Total Value Locked (TVL) and transaction volume
NFT and DeFi Trends: The NFT market is showing signs of resurgence, particularly with Bitcoin-based NFTs gaining traction. Decentralized Exchanges (DEXs) are expected to capture more market share due to advancements in high-throughput chains and wallet technologies
Corporate and Institutional Involvement: Corporate adoption of crypto is on the rise, encouraged by new accounting standards. DeFi platforms are starting to integrate Know Your Customer (KYC) protocols, which might attract institutional liquidity despite some controversy
Other Notable Developments: Solana is predicted to become a top three blockchain by market cap and TVL. The blockchain gaming sector is maturing, with at least one game expected to surpass one million daily active users. Additionally, the concept of SocialFi, which combines social media with decentralized finance, is gaining traction
Bitcoin investors should remember that with the current bitcoin price: There must be a selling force of about 1.4-1.5 billion USD to push bitcoin price below 60000$ But it only takes buying power of about 600-700 million USD for Bitcoin to return to the position of 70,000 USD. And as bitcoin becomes more valuable, it becomes increasingly difficult to sell off in hopes of a decrease in bitcoin price (the difficulty of manipulating BTC is even more difficult than in the past). This is the key point that Satoshi Nakamoto achieved when creating bitcoin. When the creator of Bitcoin anticipated shark manipulation. This is not financial advice, but sound advice.
Some people are new to crypto on Binance but are afraid of p2p transactions being scammed, here are some ways to avoid being scammed as well as scammers cannot bypass customer service's dispute handling process. binance products: When trading P2P you need to fully prepare as follows: + 1st: Your Binance account must be KYC to the fullest extent possible and your bank account must match your binance account KYC information, this is the most important thing you must have, otherwise Binance staff will have the right to refuse processing if the binance account and bank are not genuine + Monday: When trading with traders, you should look for traders who are verified and have as high a trading success rate as possible (even a 100% trading success rate), these are reputable, verified accounts. by binance and certainly not just because of cheating for a few coins, they also abandoned their accounts because verifying binance merchants is very long and difficult + 3rd: When trading P2P, you should record screen video throughout the trading process. When there is a dispute and one of the two parties does not follow the agreement, you can provide evidence throughout the transaction process by video screen and it will be considered that you have 100% victory. I myself was scammed in the past but only took a screenshot after transferring money, the merchant side said that I edited the photo to profit, so binance took the merchant's side, but when there was a video from the moment of opening order until the transfer is completed, all actions are recorded by video, it is considered that you have all irrefutable evidence #binancep2p #Write2Win
After the end of EURO football (UEFA European Football Championship), will the crypto market flourish and start bullrun? The reason is as follows: Currently, not only Crypto capital but also securities are being withdrawn for the purpose of investing in EURO such as betting, buying tickets, buying souvenirs to support the team. That's why the crypto market is currently showing signs of adjustment and going sideways continuously. After July 15, there will be the EURO finals, when the money flow into football will end, it will be time for people to pour money into crypto and for sure the amount of money will be higher than before the EURO.
Not only that, July is the summer peak, when many people start to buy goods on all market fronts. During the summer time, crypto can attract new people such as students who have leisure time in the summer. You can learn about crypto and start joining crypto This is the time to buy heavily, so I advise you to buy all the coins you like, or like me, BTC and BNB only. $BTC $BNB
Celebrating the 14th anniversary of Satoshi Nakamoto making a historic statement about Bitcoin
Today, June 17, marks the 14th anniversary of one of the most important statements in the history of cryptocurrency, made by Satoshi Nakamoto, the mysterious creator of Bitcoin. Exactly 14 years ago, Satoshi articulated a key aspect of Bitcoin's nature that has since become the foundation of its identity and functionality. In a tweet, renowned Bitcoin historian @Pete_rizzo highlighted Satoshi's historic statement about Bitcoin from June 17, 2010 that shaped the future of digital currency. “The nature of Bitcoin is that when version 0.1 is released, the rest of its life is already established through the core design.”
This statement emphasizes the immutability that defines Bitcoin, setting it apart from other digital and traditional currencies. Version 0.1 of Bitcoin was released in January 2009, marking the birth of the first decentralized cryptocurrency. This release lays the foundations for a peer-to-peer electronic cash system that is revolutionizing finance and technology. By declaring that the core design was unchangeable, Satoshi ensured that Bitcoin would remain true to its original vision. Bitcoin was designed with a fixed maximum supply of 21 million coins and was hard-coded into the protocol by Satoshi Nakamoto. $BTC
Is Bitcoin a better bet than Ethereum amid easing inflation? The Federal Reserve decided to keep interest rates unchanged. US Consumer Price Index [CPI] data revealed that inflation remained at 0.3% in May. This continued to exceed market expectations.
Investors are eagerly waiting for this inflation data to review the US economic situation. Additionally, crypto investors are also evaluating this data while closely monitoring Bitcoin [BTC].
With inflation cooling faster than expected, Bitcoin gained $1,500 within seconds of the news. BTC rose to a high of $69,411.30. However, this did not last long as the king's currency fell back to $67,000. Despite this decline, some people continue to bet big on BTC. 10x Research confirms their optimism towards BTC and a potential bull run. Markus Thielen said:
“Our recommendation remains unchanged: stick with the winners [Bitcoin] and avoid the others [such as Ethereum]. Our previous analysis has shown that lower CPI numbers tend to lift Bitcoin prices, and we expect this trend to continue.”
The rest of the market also saw a moderate uptrend. For example, Ethereum [ETH] increased 3%, reaching a high of $3,652. $BTC
The FED Has Made a Decision on Interest Rates – Here's Bitcoin's Reaction $ The Fed has finally announced its interest rate decision to the public, something crypto market watchers have been waiting for with excitement. As expected, the FED kept interest rates unchanged.
Bitcoin experienced a drop of $1000 following this decision.
This means Fed interest rates will remain at 5.25% to 5.5%, a 23-year high. Inflation has been well above the 10-year average of 2.1% in the United States over the past three years. Fed policymakers said they prefer inflation to be at 2% or “low and stable” to “make the right decisions about saving, borrowing and investing.” Although inflation has fallen significantly over the past two years, it continues to remain above the Fed's 2% target. $BTC
How will the Fed's interest rate decision affect Bitcoin?
The Fed's interest rate decision will have a huge impact on Bitcoin, with positive signals that could push Bitcoin price to new ATH levels. This week is of great importance for Bitcoin and the cryptocurrency market. Because all eyes are on the US Federal Reserve's (FED) interest rate decision after the release of May CPI and PPI figures.
Although BTC rose above $71,000 last week, it plummeted to $69,000 following the release of US Non-Farm Load data on Friday. While interest rates are priced unchanged at 99.4%, investors expect the earliest possible rate cut to come in September, according to CME Group's FedWatch Tool. What matters here is what kind of speech Fed Chairman Jerome Powell will give rather than the Fed's interest rate decision. Analysts predict Bitcoin will rise in price if he delivers positive messages on inflation and interest rate cuts.
Expect $89k for Bitcoin! Famous cryptocurrency analyst Ali Martinez predicts Bitcoin's potential value to rise to $89,200. The analyst pointed out that BTC buying has increased. This significant buying pressure could make Bitcoin even more scarce and fuel a strong price rally in the near future, helping BTC reach a new all-time high of up to $89,200. $BTC