Time to sell cryptos or hodl?
Discussion about BNB
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41Hello everyone!
I’m back from vacation and ready to continue with my weekly updates.
Since my vacation, I’ve received some dividends, which I reinvested, and I also bought some $BNB (+0.16%) , $ETH (+0.56%) , and around 1600 euros worth of $FWRG (+1.63%) . I earned these 1600 euros through trading. As for new cash, I was only able to add 200 euros to my Revolut account, and I used that to buy $VUSA (+1.03%) .
Additionally, I’ve started building a cash position equal to 3-6 months of expenses, as recently, money seems to disappear unexpectedly, and there’s a risk of not having enough when needed. I have a rule not to withdraw money from my investments, so I need a separate account (not my main one) where I’ll keep 5-10k euros just in case. Revolut currently offers 3.5% interest per year, so I plan to keep this reserve there.
During my vacation, I tried to set aside some time to analyze my behavior, read books about capitalism (yes, I'm really interested in it!), and think about additional sources of income. It seems like it would be a good idea to earn extra money outside of my main job by creating content and talking about things that interest me (including finance and investments). I also noticed that my obsession with the goal of reaching 100k in investments, while it feels like the right thing, can sometimes negatively impact my emotional state. So, I’m trying to be less critical of myself for non-optimal behavior (in terms of savings) and to enjoy purchases and travel more (though, to be honest, it’s not going too well yet, haha).
Have a great week, everyone, and see you next time!
Bitcoin cycles in the year of the halving. If September was green for Bitcoin, the following three months were all green. Bitcoin is up 11.5% this September and there are only four trading days (including today) left this month. Where do you see the Bitcoin price at the end of the year? My guess is $100,000 (currently $65,000).
$BTC (-0.07%)
#bitcoin
$ETH (+0.56%)
$SOL
$BNB (+0.16%)
$DOGE (-1.35%)
$XRP (+0.68%)
$SUI (+2.1%)
$ADA (+2.04%)
$USDT (-0.15%)
$AAVE (+0.4%)
$BONK (-3.16%)
$SHIB (+0.41%)
$BEST (-0.37%)
$COIN (+4.25%)
$MSTR (+2.08%)
$GLXY (+0.12%)
$IBIT
$BCH (-0.56%)
$21BC (+2.36%)$HIVE (+2.85%)
$MARA (+9.62%)
$RIOT (+5.23%)
$ETHE
$BCHS (+4.02%)
$ARB (+1.27%)
Due to the low volatility in recent times, significantly fewer speculators are interested in BTC because it has become too 'boring'.
Hello everyone,
a question for the people who are familiar with crypto brokers.
I used to have Coinbase and then Binance and now Bitpanda. With Bitpanda I'm confused by the fact that I can't see what fees I'm paying. With Binance, the app was too confusing for me and with Coinbase I can't see my purchase price. Which of the three do you use and which would you recommend?
Binance is closing my account because I don't want to upload my ID again as I currently have no use for Binance. I had a look and still found $BNB (+0.16%) worth 77 USD. I then quickly exchanged them for $BTC (-0.07%) exchanged them. The sats will be used to inaugurate my new hardware wallet 🙂
Coming soon for $BCH (-0.56%) and $BNB (+0.16%) up to higher more until aug. Waiting list for it. Good day 👍
Update 1 Project presentation: $AQUARI (-0.85%)
In my last post, I presented a somewhat smaller token that I saw potential in (if you want to read it, you can still find it on my profile). MC was at 200.000€ and is now at about 4.000.000€ so short 2000% or 20x. ATH was at 36,000,000, so I think there is still upside potential, especially because of the BNB chain. If $BTC (-0.07%) rises, rises $BNB (+0.16%) and then also rises $AQUARI (-0.85%)
The beta version of the app has been launched, Aquavote has been introduced, the clean up map and much more. This means that the team is also actively working on what is good.
Congratulations to all who are invested, but as always DYOR I am only here to share knowledge.
Bye Bye Binance
Some of you have surely heard the rumors: from "US politicians are planning an act of revenge against Binance because of the FTX disaster" to "Binance is accused of money laundering" to "Binance is insolvent, customers' deposits are gone" you have read everything today.
@FDIVIB had written about it this morning already briefly and succinctly on GetQuin: https://app.getquin.com/activity/nsytVgWIvc . A guy with a blue hook (A BLUE HOOK!!!) and a bit of reach on Twitter, spreads neat FUD: https://twitter.com/mikealfred/status/1602461226550063105 And also some more or less serious media, like heise.de, report about it: https://www.heise.de/news/Ermittlungen-gegen-Kryptoboerse-Binance-Justizbehoerden-uneinig-ueber-Beweislage-7392562.html
Binance is currently the largest exchange for cryptocurrencies. If Binance goes under, it will make much bigger waves, cause bankruptcies and drag down crypto and bitcoin prices as well. There will be a lot of blood on the blockchain. Bitcoin will survive (see also my post "Bitcoin is crypto and crypto is dead. Long Live Bitcoin!" https://app.getquin.com/activity/FYtgJmTHNP ).
Personally, I think an insolvency of Binance is relatively unlikely. However, it is not out of the question. It wouldn't be the first major exchange to become insolvent. The Mt. Gox hack in 2014 is unforgettable, in which investors (including a certain GetQuin donkey) lost their deposits and which resulted in years of legal proceedings. At least the creditors can now hope to get at least part of their deposits back in 2023.
Nevertheless, I took this as an opportunity to calmly and relaxedly transfer my last remaining coins from Binance to my hardware wallet - which, by the way, was all possible without any problems. No trace of insolvency.
Specifically, I still had my $HBAR (-2.88%) coins on Binance. My hardware wallet only supported a beta version for a long time, which is why I was in no hurry to transfer the coins. In the meantime, however, there is a regular version. So today I created a https://www.hashpack.app/ Hedera account and sent my tokens to my wallet. Now only the staking in combination with Ledger has to work, then I'm happy. But on Binance anyway there was only 0.5% interest on $HBAR (-2.88%) Deposits, so no big loss.
Then I still had a few $BUSD (-0.15%) lying on Binance. This is my version to bet against the Euro and on the USD (worked) and at the same time still good to pick up interest. But they have been lowered more and more in the last months. Which is why it didn't bother me to withdraw my coins here either. These I exchanged before but still against $ETH (+0.56%) . Wanted there, on occasion, anyway still put a few euros. So why not now? The annoying thing was only that I had to be verified before at Binance (now for the 3rd time 😏). What do you do not everything.
Last but not least I had a few $BTC (-0.07%) from a gambling with Binance Dual-Investment lying around, whose value had halved in the meantime. Since Bitcoin flies to the moon by 2025 and recovers the loss, I also saw no point in not sending it to my hardware wallet.
On Binance are now only a few $BNB (+0.16%) (not tracked in my GetQuin portfolio). But they can stay there. If Binance goes down, goes $BNB (+0.16%) goes with it. So there is no reason to store them somewhere else.
Even though, as I said, I think the risk of Binance going bankrupt is relatively low, it feels good to finally have the remaining coins safely stored on my hardware wallet. I completely don't care what happens to Binance with this. Bye Bye Binance 🙂.
Based on the news in the last few weeks, who has decided to transfer their coins to their own wallet after all? Or who is at least thinking about it?
If you are a big fan of centralized exchanges and now really want to invest in Binance, take a look at my profile. There you will find an invitation link for Binance 😁🚀
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