Hello beautiful community, greetings for this Medium Richardoswal your Finance partner.
This will be the first of several Publications that will be oriented or framed to talk about the Cryptocurrency Bitcoin, here we will carry out a detailed observation from time to time of this Cryptocurrency (BTC).
We will observe its decline and rise, we will guide what its next trend may be and we will give our opinion regarding its movements.
Important note: THE World of Cryptocurrencies is an unpredictable World. No one can give you an exact estimate of its movements, but you can try to understand the movements (everything will always have a margin of error). Any Action that is taken in this Cryptocurrency, whether sale or purchase, will be the absolute responsibility of the investor.
BUT WHAT IS BITCOIN?
It is a digital money, also known as cryptocurrency, that works independently of any central authority. It is an innovative payment network. Bitcoin uses peer-to-peer technology to operate without a central authority or banks; The management of transactions and the issuance of bitcoins is carried out collectively by the network.
WHO CAN USE BITCOINT?
Bitcoin is open source; Its design is public, no one owns or controls Bitcoin and everyone can participate.
What is Bitcoin mining and how does it work?
The process of adding new transactions to the Bitcoin blockchain is known as Bitcoin mining. It's a difficult job. Bitcoin miners employ a PoW technique, in which teams/computers compete to solve mathematical problems that validate transactions.
Generally, miners attempt to generate a 64-digit hexadecimal number, called a hash, that is less than or equal to the target hash. The Bitcoin hash rate indicates the estimated number of hashes created by miners attempting to solve the current Bitcoin block or any given block.
Now understanding a little about this Cryptocurrency, let's talk about its trend between March 18 and 19, 2024.
Here we can see that the BTC Cryptocurrency had a downward trend, being on Monday, March 18, 2024 in a maximum range of $68 thousand and for today's date, Tuesday, it had a drop, obtaining the lowest range of $62.49 thousand. and at the same time remaining at $63 thousand.
FREQUENT QUESTIONS?
Can I buy BTC? Should I Sell Before It Drops More? How Much Should I Buy or Sell??
My advice is to always invest continuously with the money you have left over, whether you have extra money or that you don't need, so as not to regret it later in case some unfavorable circumstance occurs. Use this means of Cryptocurrencies to obtain profits and in some circumstances momentary losses, but that can never affect your Family economy. Another piece of advice is always to be patient, what goes up always comes down, and if it goes down, don't worry, at some point it will go up again, which is why patience is necessary.
FREQUENT QUESTIONS?
Can I buy BTC? Should I Sell Before It Drops More? How Much Should I Buy or Sell?
My advice from your financial partner Richardoawal is to be patient. If there is no financial urgency, do not sell and if you bought above $63 thousand, do not sell, patience will help you achieve success. Let today and tomorrow pass before taking any action. Remembering that this publication was made on March 19, 2024.
If you buy BTC, it is not yet time to buy, it is better to wait for it to drop a little more. Since many things can happen during these hours.
You can buy and sell whenever you want, I'm just trying to use the statistics to give you my opinion, the option you make will always be your responsibility, remember to always read and observe several financial pages before making your decision. Remember never use or invest money that could harm your family economy, this world of Cryptocurrencies is a roulette, that is, it may be favorable one day but unfavorable on another day, use patience which will be the best weapon.
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