Analyst warns: STAY ALERT! ⚠️ 🔹Open interest in altcoins i | Cryptø Info on Binance Square

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Analyst warns: STAY ALERT! ⚠️
🔹Open interest in altcoins is surging while $BTC lags behind — a classic game of musical chairs. 🔥
🔹Last time (Dec 2024), this led to a 30% drop and 3 months of relentless decline.

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🤙How can BEGINNERS start their crypto journey by BUYING just a small fraction instead of a whole coin? (BEGINNER’S GUIDE) CONCEPTS 🔹Divisibility: Most cryptocurrencies are divisible into smaller units. 🔹Bitcoin, for example, can be divided into satoshis (1$BTC = 100 million satoshis). ✊You don’t need to buy a whole coin; you can buy a tiny piece based on how much money you want to invest. ⚡Minimum purchase amounts vary by platform. Some platforms allow very small amounts (e.g. equivalent of a few USD) depending on their fee structure. STEP-BY-STEP PROCESS #CryptoBasics 1. Choose a Reputable #EXCHANGE or App Pick a platform that’s USER-FRIENDLY, has good security, and allows fractional purchases. Examples: BINANCE 2. Register and Verify Your Identity Most reputable exchanges require identity verification (KYC) to comply with regulations. 3. Deposit Funds Use your local currency via bank transfer, credit/debit card, or other methods accepted by the platform. SELECT THE CRYPTO & ENTER AN AMOUNT 🔹Search for the crypto (e.g. BTC, ETH). 🔹Choose to buy by “dollar amount” (or local currency) rather than whole coins. 🔹Input the amount you’re comfortable investing. The platform will calculate the fractional crypto you’ll receive. PAY FEES 🔹Be aware that even for tiny purchases, there are transaction or platform fees. These can eat into small investments if the fee is large relative to the amount invested. SECURE STORAGE 🔹After purchase, move the crypto to a wallet you control if possible (non-custodial). 🔹Ensure you understand how to keep private keys safe. 🌐 WHY THIS APPROACH HELPS BEGINNERS 🔹Low barrier to entry: you don’t need large capital. Even small amounts let you start learning. 🔹Risk management: investing small helps reduce risk while getting exposure. 🔹Participation: you still profit (or lose) proportionally even with fractions. Growth in crypto’s value affects the fraction you own.

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