Altcoins, short for alternative coins, refer to any cryptocurrency other than Bitcoin. They include a diverse range of digital currencies, such as Ethereum, Ripple, Litecoin, and many others. Each altcoin typically has its own unique features and purposes, distinct from Bitcoin.

Altcoins often mimic the behavior of Bitcoin because Bitcoin is considered the dominant and pioneering cryptocurrency. (See photos)

Bitcoin's price movements and overall market sentiment influence the broader cryptocurrency market. Additionally, many altcoins are traded against Bitcoin on exchanges, leading to a correlation in their price movements. Investors and traders often use Bitcoin as a benchmark, and its performance can set the tone for the entire cryptocurrency market.

So always observe the movement of bitcoin when you trade. Trading other altcoins uses less margin than bitcoin‘s. This is how you take profit.

#Write2Earn‬ #Altcoins

„Take your profit“

You probably heard and read this often. It means to cash out gains from your assets that has rallied from the time you purchased it.

Surely it will benefit an individual but will also affect the market especially if big gains are taken out.

But if you‘re not a whale like me, taking small profits is a way to earn.

The chart below shows a steep dip and then an abrupt rise on #BTC earlier - in an ideal world, we could have clicked „sell“ as it starts the downward trail and then „buy“ as it goes up. But if you‘re not knowledgeable about charts and candles, it can be dangerous (for your assets).

I managed to take some profit while nervously watching the chart rise as I clicked buy instead of sell during the decline. 😳🥹😩

I didn‘t do it on Binance though, I use another app called Xtrend (go to link to join and get credits you can use to trade : https://xtrendspeed.com/s/bAzqMj - you need the referral to get credits).

Xtrend does trading differently than Binance, and you even see your earnings or losses on the order page. See second photo, this was when I was trying the app at first using a small capital and trading small lots. (It‘s somehow like Metatrader but has a different interface.)

What I like about Xtrend - 1. you get extra credits when you deposit money 2. if you lose in a trade, you get back the lost amount in credits so you can trade again - you can withdraw the profits when using credits but it doesn‘t deduct anything from the losses.

Comment below if you would like to learn how to use Xtrend.

#Write2Earn

#BTC Broke through 46k and eventually 47k in a matter of hours (or in less than an hour)!

This, amidst anticipation of BTC ETF (exchange-traded funds) approval and a warning from SEC Chair Gensler to be wary of investing.

#BTC #FOMO #DYOR

Solana broke through the $100 mark, is now the 4th top coin by market cap. ($41.2B) After more than 30 hours of playing between 94-97$...SOL made it to $100.

If you want to learn more on other coins in the Solana Ecosystem, here are some to look into.

Realy (#REAL)
Synthetify (#SNY)
Metaplex (#MPLX)
Raydium (#RAY)
Hubble Protocol (#HBB)
Neon EVM (#NEON)
Solanium (#SLIM)

Although the meme coin BONK (#BONK) surged after its release, it has plunged significantly, waiting for it to somehow rise again, following Sol...

Did you sell before the Solana surge or do you still hold yours? I'm curious.

Always #DYOR! #Solana #SOL

BTC broke through $38000 !

If you have bought some back in December 2022 at $17,165, you could have gained 121% !

Ether (ETH) surpasses $2000.

The price of (ETH) going up can indicate several things:

Market Demand: An increasing price often suggests a higher demand for Ethereum. Investors and traders may be interested in acquiring ETH for various reasons, such as speculation, investment, or participation in decentralized applications.

Positive Sentiment: A rising price can reflect positive sentiment and confidence in the Ethereum network and its future developments. Positive news, partnerships, or technological advancements within the Ethereum ecosystem can contribute to this sentiment.

Interest in Decentralized Finance (DeFi): Ethereum is a popular platform for decentralized finance applications. An increasing ETH price may be linked to growing interest and adoption of DeFi protocols, as many of them are built on the Ethereum blockchain.

General Cryptocurrency Trends: Ethereum's price is often influenced by broader trends in the cryptocurrency market. If there's a general uptrend in the market, Ethereum's price may follow suit.

Network Upgrades: Positive developments, such as successful network upgrades (like Ethereum 2.0) or improvements in scalability and security, can contribute to increased confidence in Ethereum, leading to a higher price.

ETH was at its highest May of 2021. The price of 1 ETH surpassed $4,000.

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Ether (ETH) is the native cryptocurrency of the Ethereum platform. It is used to compensate participants who perform computations and validate transactions. Ether can also be traded on various cryptocurrency exchanges. Ethereum's smart contract functionality allows developers to create decentralized applications for various purposes, from decentralized finance (DeFi) to gaming and more.

***It's important to note that cryptocurrency prices are highly volatile and can be influenced by various factors, including market speculation, regulatory developments, macroeconomic trends, and technological advancements. As with any investment, it's crucial to conduct thorough research and consider the inherent risks.

#MyFirstFeedPost Hello, Binance Square!

#BTC goes over $37,000!

When the value of Bitcoin (BTC) goes high, it typically means that the demand for Bitcoin is strong, and more people are willing to buy it at higher prices. This could be due to various factors, such as increased adoption, positive market sentiment, institutional interest, or even external economic conditions that make Bitcoin more appealing as a store of value.

Investors and traders often look at the price of Bitcoin as a key indicator of market trends. A rising value may attract more attention and investment, while a falling value could lead to concerns and selling pressure. It's important to note that the cryptocurrency market can be volatile, and prices can be influenced by a variety of factors, including regulatory developments, technological advancements, and macroeconomic trends.

The highest price of Bitcoin (BTC) occurred in November 2021, when it reached around $68,000. However, keep in mind that cryptocurrency prices are highly volatile and can change rapidly.