What Is Altcoin || Tron Fan Club

in Tron Fan Club8 months ago

Assalamu Alaikum


How is everyone? I hope you're well. Alhamdulillah, I'm also doing well. In today's post, I will talk about Altcoins. You may have heard people say that when Bitcoin pumps, Altcoins will pump as well. If the price of Bitcoin goes up, Altcoin prices also increase. In reality, all the money that flows into Bitcoin and every coin that has come so far is included in Altcoins. You probably know that the price of Bitcoin is currently over $34,000, which makes it unaffordable for everyone.


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However, you can buy many Altcoins ranging from $1 to $100. Moreover, you can choose to trade them. Almost 90% of people invest in Altcoins and profit from trading because they are available at much lower prices.

You can find Altcoins on Binance and buy them with the Coin you want to invest in. After buying the Coins, you can trade them on Binance. However, you should buy Coins with stable Coins.


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This way, you won't incur any losses. Let's assume you want to buy Tron (TRX). First, you can buy USDT (Tether) through a P2P transaction. After obtaining USDT, you can buy the Coin you want with USDT. Since the price of USDT is usually around $1, it is convenient for such transactions.


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If the price of the Coin increases, you can convert it back to USDT and sell it. When you convert it to USDT, there is little chance of losing its value. In any case, I've provided a brief understanding of the topic. Stay tuned for more posts. Thank you, everyone!

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Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.

Thanks for reading.

Really very nicely explained about Altcoin. Wish you all the best. Keep posting like this.

We have to understand alt coin for bull market.

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