Did you see it? Omg, $DOT beat all the records, what do you | Banana Yoghurt on Binance Square

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Did you see it? Omg, $DOT beat all the records, what do you think? Is it going to be even higher?
DOT
2.292
+6.95%

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People who try to trade now, are you okay?

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Do you understand anything here? Me not.

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Remember, there are no magic candles, patterns or figures that you should know about. There are no 3 candles up mean bull run or 3 candles down mean bearish, especially on non-stable markets. Please, always check the timeframes, don’t try to predict something on 5min timeframe and cry then the market is a huge liar and whales take your money. Do your own research doesn’t mean to read all the news for today, yesterday and a week before. It means to check different timeframes, different coins to see if this is only your coin is crazy or everything is crazy. Do not jump in the trade just because you saw screenshots with some patterns or figures, or fundings, or info about someone’s big buying or selling something. Choose wisely, you need the whole picture to understand the dynamics, not 3min timeframe that has crazy volatility.

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You can see now how $BTC influence the other coins. I woke up and just 10 min ago everything was red. I had -30$ on my account, and only $LINK was green. Now, bitcoin got bigger just in 0.21% at the moment of posting this, and I can see some coins started decreasing their negative prices. $AVAX was the first to show it. It means traders just woke up, and the market will be growing soon.

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Bitcoin has recently reached the 10th largest global currency by market capitalization, meaning its importance in the financial world. The market value now exceeds some major companies like Visa and JPMorgan Chase, showing the increasing interest in cryptocurrency as a store of value and investment asset. Bitcoin’s rise is supported by institutional interest, the approval of Bitcoin-related ETFs, and its deflationary design, which aligns well with growing concerns about fiat currency stability. Despite this achievement, Bitcoin still trails behind the world’s largest currencies, such as the US dollar and euro, and lags significantly behind gold. However, experts predict that a combination of factors, including potential spot ETF approvals and the upcoming Bitcoin halving, could further boost its value in 2024.

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