🔴 5 KEYS to AVOID being a VICTIM of fraud with digital assets
$BTC $ETH $BNB
1. Don't get carried away by emotions:
Financial decisions should not be based on emotions. Analyze investments rationally, do not get carried away by promises or moving stories and consult with trusted people if you have doubts.
2. Stay updated:
Fraud techniques are constantly evolving. Stay informed about new types of scams and the security measures available to protect you.
3. Choose exchanges with a good reputation:
Opt for recognized cryptocurrency platforms, with a proven track record, adequate regulation and good user reviews. Investigate the security measures they implement to protect their customers and verify that they have a reliable support team.
4.Protect your private keys:
Private keys are essential to access your cryptocurrencies. Never share them with anyone, not even with representatives of the platform in which you invest. Keep them in a safe place and offline.
5. Use strong and unique passwords:
Create strong and different passwords for each platform or service you use. Avoid reusing passwords and use a password manager if necessary.#binance#Ethereum#BNB#CryptoTradingGuide #bitcoin
🔴2 cryptocurrencies with the potential to skyrocket soon
$BTC Bitcoin whales are accumulating significant amounts in the face of falling prices, indicating some market confidence, and a sharp decline in Bitcoin reserves on exchanges could indicate future price increases.
Starting on June 12, the price of Bitcoin saw a brief rise following the promising CPI results, and Bitcoin is currently trading at $65,000, implying positivity towards Bitcoin and an uptrend that could see it skyrocket in a near future. Analysts make bullish forecasts for Bitcoin
After Bitcoin regained the $71,000 mark two weeks ago, many crypto industry players are expecting price increases in the coming months. Could Bitcoin reach an all-time high of $100,000 or even higher? Many market analysts and experts think so.
🔴Three SECRETS of DOGECOIN, ELON MUSK's favorite cryptocurrency
$DOGE The tycoon has considered it as the “people's currency” and even for a moment managed to skyrocket its value when he changed the logo of the then Twitter for that of this digital asset.
Dogecoin is a cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer, who designed it to have a more playful and less serious approach compared to other cryptocurrencies such as BTC.
A decade after its creation, these are three interesting secrets about this digital asset.
Tesla's initial purchase of BTC contributed to a wild two-year price rally. But the markets were unfazed after the car company dumped most of its Bitcoin.
In Thursday's earnings releases, Tesla (TSLA) announced that it had sold 75% of the Bitcoin (BTC) it had on its balance sheet. The company appears to have made a small profit on BTC, the purchase of which it first announced in early 2021.
Tesla's initial purchase of $1.5 billion in Bitcoin was big news at the time and helped fuel a more than 60% rise in the price of BTC in the month following the announcement. But the news that Tesla was liquidating its tokens has not had a corresponding negative effect on the BTC price or, it seems, market sentiment. In fact, Bitcoin is up slightly on the day since Tesla revealed the sales.
$BTC To trade cryptocurrencies you only have to operate the charts following one method. There are several strategies you can use. Do you want to know what they are?
1- Strategies based on technical indicators
We are going to see some technical indicators that will allow us to visualize how the cryptocurrency we want to analyze is doing. Remember that if there are large movements of money it is usually reflected in the volume. The RSI (Relative Strength Index) is an oscillator that measures the magnitude of recent changes in price to determine whether a security is overbought or oversold. This technical indicator moves between 0 to 100, but traders pay special attention to levels 70 (overbought or very high) and 30 (oversold or very low).
2- Strategies based on macro and statistical indicators
The value of cryptocurrencies varies depending on supply, demand, and user commitment. The more speculation there is for a cryptocurrency, the lower user adoption usually is. It is possible to detect certain strategies that are repeated over and over. again. RainBow Chart This indicator works well. The price is in the accumulation zone. If it drops to the blue zone, we will have to buy even more.
3- Strategies based on technical analysis
Supports and resistances Supports and resistances are important in trading. It is a fundamental factor of technical analysis. When support exists, it is normally expected that buying will exceed selling. Resistance is the opposite assumption; The usual thing is that the sale price exceeds the purchase price. Following a trading strategy based on supports and resistances seems simple, but it is not.
🔴3 ways to generate passive income with cryptocurrencies
$BTC If you are like many cryptocurrency holders, you have probably discovered that cryptocurrency trading and investing can be incredibly profitable, but also very time-consuming and often stressful, due to the constant need to keep track of your portfolio, take advantage of opportunities and manage your positions.
Here, we take a look at seven ways you can put your cryptocurrencies to use, helping you generate a potentially attractive passive income with little to no extra investment or administration required.
1. Automate your savings
Just like regular currencies can earn interest while held in a savings account, cryptocurrencies can also be deposited into various platforms to earn a return.
2. Become a liquidity provider
Decentralized exchanges have revolutionized the way traders access and take advantage of opportunities in the market by providing a permissionless source of liquidity for a wide variety of cryptocurrencies.
3. Join a cryptocurrency fund
Cryptocurrency funds are an exception, as they are truly passive. Just as traditional hedge funds can be used to put your fiat capital to work, crypto funds allow you to generate income using your digital assets (and often fiat currency as well).
🔴Cryptocurrencies: long-term savings, the most common practice in Colombia
$BTC Around 30% of users in the country stake cryptocurrencies. What does this concept mean?
Within the cryptocurrency sector there are different ways to generate profits, which are part of the functionalities of exchange platforms, one of them, which is gaining great momentum, is staking.
According to a study by Binance, the world's leading exchange, globally 39% of users use their digital assets for long-term investment, through the staking modality that allows cryptocurrencies to be stored in a digital wallet. at different terms that generate different rates of profitability.
🔴 Gemini launched campaign finance initiative for pro-crypto candidates
Gemini's announcement came after the Winklevoss brothers made $2 million in personal donations to former President Trump's re-election campaign.
Recently, the Gemini exchange announced its campaign finance project to facilitate contributions to pro-crypto candidates in the United States ahead of the November presidential election.
Gemini's announcement followed a $2 million contribution made by Cameron and Tyler Winklevoss on June 20, 2024, to former President Trump's re-election campaign.
🔴 Green light for extradition of Dutch NARCO who moved A LOT of money with CRYPTOCURRENCIES
In Medellín, The Supreme Court of Justice gave the green light to the extradition of the Dutch drug trafficker, Taoufiq Ramsis, captured in Medellín as the financial leader of a criminal drug trafficking and money laundering network. The Court argued in detail how Ramsis moved drug money in cryptocurrencies.
The 51-year-old man was wanted by the authorities of the Netherlands, the United States, Germany and Australia, so the operation had the help of the FBI and Interpol, and finally on December 13, 2023 he was arrested in the Shopping Center The Treasure of Medellín.
After his capture, he was requested for extradition by the United States Government for the crimes of "conspiracy to commit a crime, trafficking in illicit drugs and money laundering." #binance #Ethereum #BNB #CryptoTradingGuide #bitcoin
🔴 The SILENT disappearance of PETRO, the cryptocurrency created by MADURO and backed by VENEZUELA oil
The Venezuelan president spoke those words in August 2022, during a television appearance in which he was accompanied by the then vice president of Economy and Minister of Petroleum, Tareck El Aissami.
However, just seven months later, in March 2023, all operations carried out with the petro were suspended and this cryptocurrency began a silent disappearance, simultaneous and similar to that of El Aissami, who in those days announced on Twitter ( now X) his resignation from the government without any information about his whereabouts since then.
🔴 Brazil leads crypto trading in LATAM with a volume of USD 6MM in 2024
Cryptocurrency trading volumes in Brazil have increased in the first months of 2024. According to data from Kaiko Research, cryptocurrency trading activity in the country has increased by 30% compared to last year.
From January to early May 2024, Brazilian real-denominated cryptocurrency trading volume reached $6 billion, representing a 30% increase from the previous year. So far this year, the country has positioned itself as the largest market in Latin America and the seventh largest globally in terms of fiat currency, according to Kaiko.
In the first four months of 2024, cryptocurrency trading volume in Mexican pesos was USD 3.7 billion, while volume in Argentine pesos was approximately USD 300 million. #binance #CryptoTradingGuide #bitcoin
🔴 Cryptocurrencies continue to fall due to the lack of catalysts and the strength of Wall Street.
The cryptocurrency market falls this Friday. Bitcoin (BTC) increases cuts and falls to $64,600, while Ethereum (ETH) loses 2% in the last 24 hours and puts $3,500 in danger. The situation is no better in the 'altcoin' market. Among the large tokens, only toncoin (TON) and tron (TRX) are trading with moderate increases in the accumulated of the last day.
Large-cap cryptocurrencies such as Solana (Sun), XRP, Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB) or Avalanche (AVAX) fall by up to 3%. Digital assets continue to suffer from a lack of positive catalysts, as impactful news has been conspicuous by its absence in recent days.