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franklinroosevelt195 · 1 year ago

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Top 7 benefits of buying cryptocurrency like Bitcoin

Certainly! Investing in Bitcoin offers a range of potential advantages that attract investors worldwide. Here's an exploration of some key benefits associated with acquiring Bitcoin:

Here are 7 valid reasons, as follows:

Potential for High Returns

Diversification

Global Accessibility

Limited Supply

Decentralization

24/7 Market Operation

Potential for High Returns: Bitcoin has experienced significant price appreciation in the past, and some investors have seen substantial returns on their investments.

Diversification: Including Bitcoin in your investment portfolio offers a way to diversify your holdings.

Global Accessibility: Bitcoin operates on a decentralized network, allowing for global transactions without the need for traditional banking systems. This can be particularly beneficial for individuals looking to engage in cross-border transactions or for those who want to diversify their assets internationally.

Limited Supply: Bitcoin's supply is limited to 21 million coins, a deliberate measure intended to establish a sense of scarcity. This fixed supply may contribute to the perception of Bitcoin as a store of value, similar to precious metals like gold.

Decentralization: Bitcoin operates on a decentralized blockchain, which means it is not controlled by any central authority or government. This decentralization is a key feature that some investors value as it may reduce the risk of government interference or manipulation.

24/7 Market Operation: The cryptocurrency market operates 24/7, allowing investors to buy and sell Bitcoin (BTC to INR) at any time. This can provide flexibility for those who want to trade outside traditional market hours.

Financial Inclusion: Bitcoin (BTC to INR) can potentially provide financial services to individuals who are unbanked or underbanked, offering an alternative to traditional banking systems. Innovation and Technology: Investing in Bitcoin allows individuals to participate in the development and adoption of blockchain technology, which is the underlying technology of cryptocurrencies. Some see blockchain as having potential applications beyond cryptocurrencies, such as in supply chain management, healthcare, and more.

Conclusion

Buy Bitcoin (BTC to INR) carries several benefits before investing keep researching on exchanging platforms. I personally suggest koinpark global cryptocurrency exchange their application are user-friendly and the most trustable exchange platform.

#btc to inr #koinpark #cryptoexchange

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swiftnliftnewsandarticle · 7 months ago

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Binance: World’s largest exchange

To gain further insight into Binance, it is necessary to first comprehend the notion of cryptocurrencies. Despite its boom, a lot of people these days are unaware of what cryptocurrencies actually are. A cryptocurrency is a kind of digital or virtual money that is protected by cryptography and is very difficult to fake or spend twice. Blockchain-based decentralized networks underpin a large number of coins.

In terms of the amount of cryptocurrency traded every day, Binance is the biggest cryptocurrency exchange in the world.[2] It is registered in the Cayman Islands and was established in 2017.

Changpeng Zhao, a developer who had previously worked on high-frequency trading software, launched Binance. China was the original home of Binance, but as cryptocurrency regulation in China grew, the company relocated its offices outside of the country.

Following the Chinese government's prohibition on cryptocurrency trading in September 2017, the company was compelled to exit the country. Since then, it has offices in Taiwan and Japan. Currently, Malta serves as its base.

The goal of Binance is to attract as many users as possible. The exchange offers enough currencies and functionality to satisfy experienced traders while remaining user-friendly enough for beginners. For cryptocurrency traders of practically any experience level, I would suggest Binance.

The biggest cryptocurrency trading platform worldwide is called Binance.1. It is not very user-friendly, despite having a wide range of trading options and features. Depending on their level of experience and education, investors may encounter a challenging learning curve when using Binance.

Binance provides a vast range of trading options, such as an amazing assortment of market charts and hundreds of cryptocurrencies, through its desktop or mobile dashboards. In addition, a range of order types and trading alternatives, such as options and futures, are available to users. Only more than 65 cryptocurrencies are accessible to American consumers, and many services and possibilities are unavailable in the country.

Binance offers a thorough learning platform, an NFT platform, and more in addition to its tools and services. US clients don't seem to have access to the NFT marketplace just now.

Only more than 65 of the more than 365 cryptocurrencies that Binance offers for trading are accessible in the United States. It also supports a range of fiat currencies, such as USD, EUR, AUD, GBP, HKD, and INR, for users who are located abroad. Binance offers an extensive selection of cryptocurrency pairs based on your region.

Binance Coin (BNB), VeChain (VET), Harmony (ONE), VeThor Token (VTHO), Dogecoin (DOGE), and Matic Network (MATIC) are a few of the cryptocurrencies that are available on Binance U.S. Furthermore, Binance accepts well-known cryptocurrencies like:

Dash (DASH)

Cosmos (ATOM)

Compound (COMP)

Bitcoin (BTC)

Ethereum (ETH)

Litecoin (LTC)

Cardano (ADA)

For more information>>

#CryptoExchange #Binance #Cryptocurrency #Blockchain #CryptoTrading #CryptocurrencyExchange #Bitcoin #Finance #CryptoNews

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third-new · 6 days ago

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Asia Market is higher in thin trade for rest as a technical slider; Eyes about food decision

Jan. 29, 2025 1:39 andEwj, Jeq, Get, Pgj, Nearly, Dxj, Caf, Fxy, USD, GXC, TDF, Exit, Yann, Who, Cqqq, Milk, Cxse, FORB, Ashr, KBA, Cowboy, BTC-USD, Far, AS51, Kry: Ind, Shcomp, HSI, Sensex, AUD: USD, NZD: USD, USD: jpy, USD: cny, USD: krw, JPY: USD, CNY: USD, INR: USD, HKD: USDWritten by: Meghavi Singh, From the news editor's news Never Asia-Pacific Markets Improve global sense mirroring as…

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newtras · 6 days ago

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Asia Market is higher in thin trade for rest as a technical slider; Eyes about food decision

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satrthere · 6 days ago

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Asia Market is higher in thin trade for rest as a technical slider; Eyes about food decision

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cryptowala · 7 days ago

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Is Bitcoin Safe?

The cryptocurrency market experienced remarkable highs in 2024, with a market capitalization exceeding $1.44 trillion and at $73,750. Bitcoin repeatedly surpassed its previous highs in March.

However, following this all-time high, Bitcoin is currently undergoing a correction, and as of August 7, 2024, it is trading at $57,504. The cryptocurrency market volatility, coupled with a tumultuous period in 2022, has led investors to question and exercise caution regarding the safety and security of this bold new asset class.

The median loss to Federal Trade Commission (FTC) impersonators has risen from $3,000 in 2019 to $7,000 in 2024. Falling prices combined with the increasing risk of criminal attacks are enough to make anyone think twice about the security of their Bitcoin.

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Is Bitcoin a Safe Investment?

Understanding whether Bitcoin is a safe investment depends on how you define security.

There’s no question that Bitcoin prices can be highly volatile. In March 2024, the price of BTC hit its all-time high at $73,750.07; as of August 7, 2024, it is trading at $57,400.

In 2022 alone, the price of BTC dropped from almost INR 39,56,137 to around INR 16,07,165 in 2023.

Losses like that would send investors running for the hills for any other asset class. If you define security as an investment with a relatively stable price, Bitcoin may not be a safe bet for your investment portfolio.

That said, Bitcoin’s mercurial nature may be changing.

“Bitcoin is becoming more integrated with traditional financial markets and is seeing significant participation from retail and increasingly from institutional investors,” says Ryan Burke, general manager at Invest at M1. “Historically, BTC has been more volatile, but it has become a de facto mainstream alternative asset more recently correlated to large-cap tech.”

If you think of Bitcoin as digital gold, similar to a commodity rather than an investment security, you can add another dimension to the security question.

“Bitcoin technology is relatively safe, but it isn’t anonymous and relies on passwords,” says Daniel Rodriguez, chief operating officer at Hill Wealth Strategies.

While Bitcoin disguises your personal information, the address of your crypto wallet is publicly available.

“Hackers could use web trackers and cookies to find more information about the transactions that could lead to your private information and data,” Rodriguez says. If anonymity is part of your definition of security, Bitcoin might not be entirely secure.

Similarly, your cryptocurrency is only as secure as the crypto wallet you keep it in. If you lose your wallet password or someone else gets ahold of it, you lose your Bitcoin.

You will often see the disclaimers “not SIPC protected” or “not FDIC insured” attached to Bitcoin purchases. This means that should the firm holding your crypto investments fail, neither of these backstops will bail you out.

According to Gil Luria, a technology strategist at D.A. Davidson Co., none of these concerns relate to the security of the Bitcoin network itself. “It has survived unscathed for the 13 years of its existence and has yet to be hacked.”

Let us see what experts have to say about Bitcoin being a safe investment:

Sathvik Vishwanath, co-founder and chief executive officer of Unocoin, says that Bitcoin’s safety as an investment is under scrutiny, especially after its recent drop of nearly 15%, bringing its price below $50,000. This decline highlights Bitcoin’s inherent volatility, a defining characteristic that can lead to significant short-term price swings.

While Bitcoin’s decentralized nature and blockchain technology provide robust security features, its market behavior is highly susceptible to rapid fluctuations influenced by supply and demand dynamics, regulatory news, and broader economic factors.

He further said that recent market trends show Bitcoin’s potential for a sharp decline, posing a risk to investors. Despite its historic growth and the lure of substantial returns, Bitcoin’s unpredictable volatility and fluctuating regulatory environment mean investors must carefully assess their risk tolerance. Diversification, long-term holding strategies, and ongoing market analysis are essential to managing the risks associated with Bitcoin investments.

Utkarsh Tiwari, Chief Strategy Officer at KoinBX, said, ” Bitcoin, often hailed as digital gold, represents a significant evolution in the financial ecosystem. While its decentralized nature offers unparalleled transparency and security, it’s crucial to approach it with a well-informed strategy. As with any investment, understanding the inherent risks and volatility is essential.

However, it’s essential to recognize that with Bitcoin’s potential rewards come risks—especially its notorious volatility and the need for solid personal security measures. Understanding the technology, staying informed about market trends, and employing best practices for asset protection are crucial steps in ensuring your Bitcoin investments are secure.

At KoinBX, we advocate for responsible investing and staying updated with market trends to navigate the dynamic landscape of virtual digital assets safely.”

Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem India, said that Bitcoin’s evolution since its inception in 2009 has been remarkable. From trading at approximately $500 in May 2016 to $69,790 as of July 29, 2024, Bitcoin has witnessed a phenomenal 12,662% growth. This impressive increase underscores its significant role and expanding acceptance in the global financial landscape.

Current technical indicators suggest a critical resistance zone, including the 61.8% Fibonacci retracement level at $62,066 and the 100-day Exponential Moving Average (EMA) at approximately $63,022.

He added that it’s important to note that Bitcoin’s market dynamics are subject to volatility and regulatory scrutiny, which can impact its price stability. While the recent analysis indicates potential for a short-term relief rally, investors should consider broader market trends and the regulatory environment. The Relative Strength Index (RSI), currently at around 36, highlights the potential for temporary recovery, yet a cautious approach is essential.

Things To Consider Before Buying Bitcoin

Given Bitcoin’s high volatility and security risks, it’s important to consider your reasons for buying before you trade any rupees for BTC.

Cryptocurrency is a highly speculative investment, says Luria. “The risk/reward profile of investing in Bitcoin differs from investing in most stocks or bonds. We tend to recommend investors only consider investing capital they are willing to lose,” he says.

Are you buying Bitcoin as an investment to fund your retirement? In that case, it’s probably best to keep your exposure to a minimum because no one can predict where the market will go. Most financial advisors recommend keeping Bitcoin to less than 5% of your overall portfolio.

You should brace yourself for an unreliable narrator if you think Bitcoin is a currency. You could easily log off the computer one day with INR 5,499,133 in BTC and log on with only INR 3,709,027 the next morning.

Then there’s the uncertainty around the crypto regulatory environment.

Cryptocurrencies are presently unregulated in India. While the Reserve Bank of India (RBI) sought to ban them in 2018, the Indian Supreme Court quashed the attempt, leaving cryptocurrencies in regulatory limbo—neither illegal nor, strictly speaking, legal. However, cryptocurrencies are taxed in India.

While Burke is optimistic about long-term developments for Bitcoin, uncertainty is an investor’s worst enemy. Assuming you’re comfortable with the risks and uncertainty, Bitcoin can have a place in your financial life.

What Are the Risks of Bitcoin?

Like any investment, Bitcoin is not risk-free. Cryptocurrency has many risks, from market to regulatory and cybersecurity risks.

On July 18, 2024, WazirX, a crypto exchange platform in India, experienced a cyber attack on one of its multisig wallets, resulting in the theft of digital assets exceeding $230 million. This is the latest scam that shocked Indian investors.

“Market risk is one of the biggest risks associated with Bitcoin,” Rodriguez says. Look at any price history chart and see what kind of a wild ride Bitcoin investors are in for.

“Historically, Bitcoin also reacts inversely to interest rates,” he says. “So, when the Fed raises rates, Bitcoin typically takes a dip because investors start leaning toward more safe and stable investments.”

Regulatory uncertainty also poses a risk.

“In 2021, China, the world’s second-biggest economy, effectively made it illegal for citizens to mine or hold any cryptocurrency,” Rodriguez says.

If other countries follow suit, Bitcoin holders could be in hot water.

Cybersecurity is another chief concern for all holders of digital assets. Remember that your transactions are only as anonymous and secure as your wallet information and passwords.

The Department of Justice proved blockchain transactions are not immune to tracing when it followed the trail left by a couple attempting to launder INR 370 billion in cryptocurrency stolen in the 2016 Bitfinex hack.

There’s also the rising threat of cryptocurrency crime. In 2023, people reported losses of $10 billion to scams, surpassing the previous year by $1 billion and marking the highest-ever losses reported to the FTC.

How To Keep Your Bitcoin Safe

Your Bitcoin’s safety depends largely on how you store it. Your choice of crypto wallet and its encryption level play a big part in keeping your coins safe.

“Security and convenience do not always go hand-in-hand,” Burke says.

He says that offline “cold” wallets that are not connected to the internet are secure from hacking but less convenient than hot wallets. Cold wallets are also subject to theft or loss. “Lose a device or drive or misplace your private key, you have a problem,” says Burke.

Hot wallets are more convenient because you can access your cryptocurrency anywhere you have an internet connection or cell service, but they are more vulnerable to hacking.

Burke says a prudent strategy is to use a combination of hot and cold storage, with most assets held in cold storage.

Burke adds whatever storage method you choose, so make sure you know if your crypto is being loaned, staked, or pledged as collateral.

Experts say it’s important to read the terms and conditions before signing up for a wallet or service, lest your cryptocurrency become another victim of the crypto liquidity crisis.

As with any investment, research whether Bitcoin is right for your portfolio. If you buy BTC as part of your investment strategy, prepare for highs and lows. cifdaq.com

#cifdaq #blockchain

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caspi2305 · 9 days ago

Text

Is Bitcoin Safe?

The cryptocurrency market experienced remarkable highs in 2024, with a market capitalization exceeding $1.44 trillion and at $73,750. Bitcoin repeatedly surpassed its previous highs in March.

Is Bitcoin a Safe Investment? Understanding whether Bitcoin is a safe investment depends on how you define security.

There’s no question that Bitcoin prices can be highly volatile. In March 2024, the price of BTC hit its all-time high at $73,750.07; as of August 7, 2024, it is trading at $57,400.

In 2022 alone, the price of BTC dropped from almost INR 39,56,137 to around INR 16,07,165 in 2023.

That said, Bitcoin’s mercurial nature may be changing.

If you think of Bitcoin as digital gold, similar to a commodity rather than an investment security, you can add another dimension to the security question.

“Bitcoin technology is relatively safe, but it isn’t anonymous and relies on passwords,” says Daniel Rodriguez, chief operating officer at Hill Wealth Strategies.

While Bitcoin disguises your personal information, the address of your crypto wallet is publicly available.

Similarly, your cryptocurrency is only as secure as the crypto wallet you keep it in. If you lose your wallet password or someone else gets ahold of it, you lose your Bitcoin.

Let us see what experts have to say about Bitcoin being a safe investment:

At KoinBX, we advocate for responsible investing and staying updated with market trends to navigate the dynamic landscape of virtual digital assets safely.”

Current technical indicators suggest a critical resistance zone, including the 61.8% Fibonacci retracement level at $62,066 and the 100-day Exponential Moving Average (EMA) at approximately $63,022.

Things To Consider Before Buying Bitcoin Given Bitcoin’s high volatility and security risks, it’s important to consider your reasons for buying before you trade any rupees for BTC.

Then there’s the uncertainty around the crypto regulatory environment.

What Are the Risks of Bitcoin? Like any investment, Bitcoin is not risk-free. Cryptocurrency has many risks, from market to regulatory and cybersecurity risks.

“Market risk is one of the biggest risks associated with Bitcoin,” Rodriguez says. Look at any price history chart and see what kind of a wild ride Bitcoin investors are in for.

Regulatory uncertainty also poses a risk.

“In 2021, China, the world’s second-biggest economy, effectively made it illegal for citizens to mine or hold any cryptocurrency,” Rodriguez says.

If other countries follow suit, Bitcoin holders could be in hot water.

Cybersecurity is another chief concern for all holders of digital assets. Remember that your transactions are only as anonymous and secure as your wallet information and passwords.

How To Keep Your Bitcoin Safe Your Bitcoin’s safety depends largely on how you store it. Your choice of crypto wallet and its encryption level play a big part in keeping your coins safe.

“Security and convenience do not always go hand-in-hand,” Burke says.

Hot wallets are more convenient because you can access your cryptocurrency anywhere you have an internet connection or cell service, but they are more vulnerable to hacking.

Burke says a prudent strategy is to use a combination of hot and cold storage, with most assets held in cold storage.

Burke adds whatever storage method you choose, so make sure you know if your crypto is being loaned, staked, or pledged as collateral.

Experts say it’s important to read the terms and conditions before signing up for a wallet or service, lest your cryptocurrency become another victim of the crypto liquidity crisis.

As with any investment, research whether Bitcoin is right for your portfolio. If you buy BTC as part of your investment strategy, prepare for highs and lows.

CIFDAQ #CRYPTO #BLOCKCHAIN #WEB3

www.cifdaq.com

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casper0510 · 9 days ago