In this tutorial, we’ll explore how you can complete a series of tasks in Nad.fun for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Nad.fun for the 

Task: Complete quests on Nad.fun with your Bybit Wallet

button in the upper-right corner of the page to connect your wallet (such as the Bybit Wallet).

: Complete the available tasks listed under 

: Enjoy an exclusive 1.2x multiplier on your weekly leaderboard points when you use your Bybit Wallet to participate!

Beginner

nad.fun tutorial.png

How to complete Nad.fun tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Belief Market for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Belief Market for the 

Task: Complete quests on Belief Market with your Bybit Wallet

 and enter your email address to sign up for the newsletter. Upon completion, you’ll receive 100 Belief Points (BPs) and a unique referral link.

: Use your referral link to invite friends and earn rewards at four milestones.

If you’re a Bybit user, you’ll be able to enjoy additional rewards for milestones 2, 3 and 4! For example, users who complete the third milestone will receive 2,000 BPs, while those who complete the fourth milestone will receive 4,000 BPs.

. The NFT rewards you’ve earned will be displayed in your profile.

: Once you’ve reached a milestone, you’ll receive an NFT representing your earned BPs and multipliers. This NFT will be sent to your Base wallet.

Your total BPs = (sum of all BPs) × any 3x multipliers you hold

Whenever you reach a milestone, you’ll receive an email from Belief Market. Reply with your blockchain wallet address, or join 

 channel and provide your address there. Once you receive your NFT, it represents your BPs. These NFTs will be converted to Belief Tokens when the token is released.

belief market tutorial.png

How to complete Belief Market tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Plato for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Plato for the 

Task: Complete quests on Plato with your Bybit Wallet

: Sign up for an account through the exclusive 

: Enter your email address and phone number, and verify your account. 

: Download the Plato app and sign in to your account. 

Once the app is downloaded onto your device, simply eat to earn FAT rewards! 

At the end of the event, users with the top amount of FAT rewards earned on the Plato Testnet will win rewards!

plato tutorial.png

How to complete Plato tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in PumpBTC for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on PumpBTC for the 

Task: Complete quests on PumpBTC with your Bybit Wallet

: Once your wallet is connected, enter the amount you’d like to stake. Then, click on 

pumpbtc tutorial.png

How to complete PumpBTC tasks for the Bybit x Monad ecosystem airdrop

Bitcoin

Bitcoin has a historical record for its volatility. Besides asking when to buy a BTC, a great question to ask is when to sell and take profit. Learn more. 

AUG23_R56_Trendjacking_Deciphering_the_Right_Time_Should_I_Sell_My_Bitcoin_.png

Bitcoin is one of the most popular and volatile cryptocurrencies in the world. It has experienced massive price swings, reaching record highs and lows in a matter of days or even hours. Many investors and traders are constantly wondering: Should I sell my Bitcoin? When is the best time to cash out and take profits? Or should I hold on for more gains?

This blog post explores the factors and strategies that can help you determine when to sell your Bitcoin, as well as the risks and opportunities involved and the right time to buy back Bitcoin after selling.

Bitcoin is a digital currency running on a decentralized network without intermediaries or central authorities. It was 

 by a person (or persons) using the pseudonym Satoshi Nakamoto. The technology that powers Bitcoin is the blockchain, a distributed ledger that verifies and records all transactions on the network.

, Bitcoin features several advantages, such as lower transaction fees, greater transparency, faster processing times and limited supply. However, it also has some drawbacks, including high volatility, security risks, technical complexity and regulatory uncertainty.

Volatility is a measure of risk and uncertainty in the market, and Bitcoin is known for its high volatility. Its price can change dramatically and quickly, making it difficult to predict its future movement. For example, in 2017, Bitcoin reached an 

 of nearly $20,000 in December, only to drop by more than 50% in January 2018. In 2020, it plunged by more than 60% in March, due to COVID-19, but then soared by more than 300% by the end of the year. In 2021, it hit a new record high of over $60,000 in April but crashed by more than 50% in May.

Supply and demand, media attention, investor sentiment, innovation, regulation, hacking and market manipulation are some factors that influence the volatility of Bitcoin, creating sudden spikes or dips.

There is no one-size-fits-all answer to when you should sell your Bitcoin. The decision is a function of your personal goals, risk tolerance and the current market situation. However, some factors can help you make strategic decisions based on your circumstances.

Your break-even point represents the minimum price at which you should sell your Bitcoin to avoid losing money. It’s the price you paid for the Bitcoin you own. Another way to calculate it is by dividing your total investment amount by the bitcoins you own. For instance, if you invested $10,000 to buy 0.5 BTC at $20,000 per BTC, your break-even point would be $20,000 per BTC.

To achieve the desired return on your Bitcoin investment, set a profit target for selling. Determine your target based on your 

 or expected value. For example, if you invested $10,000 in 0.5 BTC when the price was $20,000 per BTC, and want a 50% profit (a 1:2 risk-reward ratio), your target is $30,000 (that is, $10,000 × (1 + 0.5) / 0.5) per BTC. This figure represents your goal for the trade and helps guide your decisions.

This is the price at which you plan to sell your Bitcoin to limit losses if the price goes against you. It represents the maximum acceptable loss or risk for your trade. Your stop-loss level should be based on your risk tolerance or trading strategy. For instance, if you invested $10,000 to buy 0.5 BTC when the price was $20,000 per BTC and are willing to lose 10%, your stop-loss level would be $18,000 (that is, $10,000 × (1 − 0.1) / 0.5) per BTC. If the price falls below $18,000, you sell your Bitcoin and accept a loss of $1,000. However, you should set your stop-loss level carefully to avoid triggering it too frequently or too late. Adjust it as needed based on market conditions and your trading objectives.

, your tax jurisdiction, income bracket and holding period all play a role in determining the amount you owe. Rules and rates for cryptocurrency transactions vary by country. For example, for tax purposes the U.S. treats Bitcoin as property. Depending upon your income level and how long you’ve held your Bitcoin, tax rates can range from 

. It's best to seek guidance from a tax professional or use tax software to ensure you accurately report your transactions and meet your tax obligations.

The general outlook toward Bitcoin of those involved in the market is known as 

. It indicates the degree of assurance, hopefulness, anxiety or alarm in the market. Market sentiment can be affected by news events, social media trends, 

Market sentiment can be measured using sentiment analysis, trading volume, price action and the 

. Typically, when market sentiment is optimistic or bullish, it suggests that more people are purchasing or holding Bitcoin rather than selling or shorting it, and vice versa.

Deciding when to sell Bitcoin isn’t as simple as clicking a button. You need a plan and a strategy to execute your trade effectively and efficiently. Depending upon your goals and preferences and market conditions, there are different ways to sell your Bitcoin. Following are some of the most common strategies.

Selling Bitcoin can be profitable but also risky. You may face challenges and uncertainties when selling your Bitcoin.

When Is the Right Time to Buy Back Bitcoin?

If you sell your Bitcoin, it doesn't necessarily mean you're leaving the market for good. You may want to repurchase it for several reasons, such as capitalizing on a price drop, diversifying your investment portfolio or entering the market with a new strategy.

However, figuring out the right time to buy back your Bitcoin after selling it can be challenging. It isn't easy to give a definitive answer to this dilemma because it depends upon your individual parameters. Nonetheless, some indicators and factors can guide you in deciding when to repurchase Bitcoin. 

These determine the direction and momentum of price movements over time. You can use trend lines, support and resistance levels, moving averages and chart patterns to analyze price trends. Generally, when a price trend is upward or bullish, more people are buying or holding Bitcoin than selling or shorting it, and vice versa.

These are the mathematical calculations based on the price and volume data, that provide signals and insights about market conditions and behaviors. Some 

 include oscillators, momentum indicators, volume indicators and trend indicators. If the technical indicators are positive or bullish, the market is powerful and/or advantageous for purchasing or retaining Bitcoin. Conversely, if the indicators are bearish, the market is weaker and less favorable.

The information and events influencing market sentiment and expectations can help you keep track of market signals. These include news events, social media trends, expert opinions and market reports. Market signals that are positive or bullish suggest that the market feels confident or optimistic about purchasing or holding Bitcoin, and the opposite is also true.

Conclusion: Navigating the Bitcoin Market

Bitcoin is the world’s market-leading cryptocurrency, presenting investors and traders with both opportunities and challenges. Although selling Bitcoin can be a lucrative endeavor, it’s also a risky one that demands careful planning and execution. There is no straightforward or effortless solution to determining when you should sell your Bitcoin, as it hinges on several factors and circumstances that are specific to both you and the Bitcoin market.

Deciphering the Right Time: Should I Sell My Bitcoin?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards