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Once you've invested in Bitcoin, what you do next is up to you. Some wish to hold their BTC short-term, while others are in it for the long run. Regardless of your personal goals, if the time comes when you want to cash out on your Bitcoin, you want a method that's quick and easy.

Here's the fastest way to convert your Bitcoin to dollars using Binance.

To access your BTC funds on Binance, you'll need to log into your account.

If you don't have a Binance account but still want to use this method to cash out on your Bitcoin, the process will take a little longer, as you'll need to create a Binance account and verify your identity. Head to Binance and select Sign Up in the top-right corner of the page to create a new Binance account.

Binance's KYC (Know Your Customer) verification usually takes a few minutes to an hour to process, but it may take longer if there are problems with your identity documents.

You can convert your Bitcoin to dollars on Binance in several ways, but the fastest is to use the exchange's buy-and-sell feature. You can access this page by clicking on the Buy Crypto option on the left-hand side of the top menu bar.

Here, you can switch between the buying and selling features with just a click. You'll initially be taken to the buying section, but clicking the Sell option right next door switches to the selling option.

Now, it's time to select how much Bitcoin you want to sell for cash. Make sure your Bitcoin is currently in your Binance account's Funding Wallet, or you won't be able to conduct the transaction.

Enter the amount of Bitcoin you want to sell, and you'll immediately be able to see how much USD you'll get in return. This amount will change frequently, as the price of Bitcoin is always fluctuating.

If you're happy with the sale amount, go ahead and click Continue. You can then select a trading option. In this case, we went for peer-to-peer (P2P) trading.

You can also buy Bitcoin on Binance using the P2P feature.

Now, you'll be taken to the peer-to-peer sell page, where you can view a list of users looking to buy Bitcoin.

Here, you can see the ratings for each buyer, as well as how many orders they've facilitated. You can also view the forms of payment they support, such as UniCredit, Skrill, Perfect Money, and regular bank transfers.

Depending on the payment method you use, you may have to create an account with the receiving payment option. Upon sale, you'll have to provide information on your receiving payment account so that the buyer can send the funds to the right place.

If you are selling Bitcoin using a peer-to-peer platform, make sure you have received the payment for your crypto before approving any transfer. This will prevent a malicious user from taking your crypto and hitting the road without paying you. You should also check that a buyer isn't poorly rated before going through with a sale.

Prospective buyers often provide some information on how they conduct sales in the Advertiser's Terms section. You'll see this when you select a buyer.

Check these terms before going through with the sale, as you may find something you don't like.

Now that you've chosen a peer-to-peer buyer, select a payment method and provide details about your receiving account. For instance, if you're using Perfect Money, you'll need to provide your PM account number. If you want to get paid via a direct bank transfer, you'll need to provide your bank name and account number.

Once you're happy with the payment method and feel you have selected the right buyer, you can go ahead and confirm the sale. The amount of time it takes for your funds to arrive will vary based on the seller you've chosen.

After confirming the sale, your Bitcoin will be placed in escrow until you've confirmed payment from the buyer. Once you've received the buyer's payment, you can confirm it on your Binance account, and the escrowed Bitcoin will be sent to them.

If you're looking to sell your BTC for cash, you can do so in minutes using Binance. Whether you just want to sell off a few dollars worth of Bitcoin or want to make a hefty sale, Binance can accommodate you.

Excerpt from:

The Fastest Way to Convert Bitcoin to Dollars Using Binance (Step ... - MUO - MakeUseOf

During Bitcoin mining, the reduction in mining rewards is hard-coded into the Bitcoin protocol and serves two main purposes: to control the supply of new Bitcoins entering circulation and to combat inflation.

Bitcoin halving is considered one of the most significant events in cryptocurrency evolution. It involves reducing the rewards awarded to miners who play a vital role in securing the network.

As we approach the upcoming Bitcoin halving, expected in April or May 2024, it is essential to comprehend the event's profound implications. This article seeks to answer the fundamental question: What is Bitcoin halving, and how it works?

Understanding Bitcoin's underlying technology is crucial before diving into its mechanics. Bitcoin's blockchain is a complex network of computers called nodes. These nodes collectively run Bitcoin's software and maintain a comprehensive ledger of all historical transactions within the network.

Transactions within the Bitcoin network undergo a rigorous validation process. Instead of being verified individually, transactions are grouped into blocks. Only when an entire block is validated are the transactions within it considered confirmed. As these transactions are validated, they become permanent additions to the blockchain, distributed among all nodes.

However, more participating computers or nodes are added to enhance the blockchain's stability and security. While anyone with sufficient storage can become a node by downloading the entire blockchain history, not all nodes are miners.

Now lets understand about Bitcoin halving and how it works.

The Bitcoin halving is a pivotal event in the ever-changing world of cryptocurrencies, occurring approximately every four years. This event, encoded into Bitcoin's very DNA, involves the halving of rewards for Bitcoin mining.

The fundamental purpose of Bitcoin halving is to combat inflation by preserving the cryptocurrency's inherent scarcity. In theory, the reduction in the rate of Bitcoin issuance is expected to lead to price appreciation, provided that demand remains constant.

At present, Bitcoin maintains an inflation rate of less than 2%, a figure that is set to further decrease with future halvings. Comparatively, in the US, the inflation rate for 2022 was 8%.

But how does this mechanism operate, and why does Bitcoin halving matter?

It is essential to understand Bitcoin mining in order to understand Bitcoin halving. Miners are pivotal participants who compete to add new blocks to the Bitcoin blockchain.

In order to achieve this, specialized hardware solves intricate mathematical problems, generating a unique 64-character output called a "hash." Once the block is sealed, it becomes immutable and cannot be altered. As a reward for their efforts, miners are compensated with Bitcoin.

So, how exactly does the Bitcoin halving cycle function? The reward for successfully mining a block was 50 BTC at the time of Bitcoin's inception. Incentives like these were instrumental in motivating early users to join the network, even before its widespread success.

However, Bitcoin's design incorporated a deliberate reduction in the rate of new Bitcoin creation, precisely halving it for every 210,000 blocks mined. This equates to approximately every four years.

According to historical Bitcoin halving dates, the last three halvings occurred in 2012, 2016, and 2020. The inaugural Bitcoin halving occurred in 2012, marking the reduction of mining block rewards from 50 to 25 BTC. Subsequent to this, the 2016 halving event further reduced incentives to 12.5 BTC for each block mined. As of May 11, 2020, every newly mined block generates a mere 6.25 new BTC.

Anticipated in April 2024, the next Bitcoin halving will persist until roughly 2140, coinciding with the point at which all Bitcoin will have been mined.

But why does Bitcoin halving hold such pivotal significance? There are two primary reasons:

1. Scarcity and Controlled Supply: Bitcoin's creator, Satoshi Nakamoto, envisioned a digital currency with constrained and managed supply. Halving the mining rewards by half effectively diminishes the rate at which new Bitcoin is brought into existence. With escalating scarcity over time, Bitcoin becomes a deflationary asset in the long run.

2. Inflation Control: Bitcoin halving plays an instrumental role in curbing excessive inflation within the Bitcoin ecosystem. By reducing the block reward, the process restricts the rate at which new Bitcoin enters the market. Controlled issuance maintains the long-term value and stability of the coin.

Are you wondering why this Bitcoin halving represents a bullish trend in the crypto world? Let's find out.

Market participants have consistently responded to halving events with fervent buying. The decrease in the inflation rate intensifies the pressure of demand, propelling Bitcoin's price upward.

Interestingly, this phenomenon extends beyond Bitcoin, as other cryptocurrencies have experienced substantial gains during these periods, underlining the broader market's recognition of the bullish potential unlocked by Bitcoin halving.

Now, let's delve into the historical perspective by examining the price movements during each Bitcoin halving cycle:

First Halving Cycle (November 2012 - July 2016):

Second Halving Cycle (July 2016 - May 2020):

Third Halving Cycle (May 2020 - April 2024):

As we can see, halving events have historically correlated with Bitcoin's price surges. The anticipation of reduced supply and increased demand often generates positive market sentiment and potential price appreciation.

It is imperative, though, to bear in mind that past performance does not guarantee future results, and various factors beyond halving events contribute to Bitcoin's price dynamics.

As the pioneer and largest cryptocurrency, Bitcoin's price predictions garner substantial attention from experts and enthusiasts alike as the halving approaches. Lets delve into some of the diverse perspectives offered by prominent figures in the crypto space.

BitQuant, a renowned social media commentator, has set an ambitious target for Bitcoin's price. According to this prediction, Bitcoin is expected to reach $250,000 after its next block subsidy halving.

No, #Bitcoin is not going to top before the halving. Yes, it's going to reach a new all-time high before the halving. No, #BTC is not going to $160K because the magnitude of every pullback is large. This means it will peak after the halving, in 2024. And yes, the target price is pic.twitter.com/TRcEB4DFpF

Bitcoin investor and author Jesse Myers offers a more conservative outlook. Myers posits that Bitcoin will only breach the six-figure mark after its 2024 block subsidy halving. As a result, he believes that significant price movements might occur after this key milestone, as the market needs to fully "price in" the effects of the halving.

#Bitcoin won't surge to $100k before the next halving...

Because the Efficient Market Hypothesis (EMH) is wrong.

Instead, the market will price-in the changed reality over the 12-18 months post-halving.

Marshall Beard, the chief strategy officer at crypto exchange Gemini, shared his optimism about Bitcoin's price trajectory. He believes that Bitcoin has the potential to surpass its all-time highs in the current year. In particular, he mentions the $100,000 figure, suggesting Bitcoin could achieve this milestone if it reaches its previous record high of nearly $69,000.

Paolo Ardoino, the chief technology officer at Tether, echoes this positive sentiment. He suggests that Bitcoin could "retest" its all-time high of around $69,000, signaling potential for price appreciation.

Standard Chartered, a prominent British multinational bank, has recently revised its prediction for Bitcoin's price. In one of its research reports, the bank anticipates Bitcoin's price to range between $100,000 to $120,000 by the end of 2024.

This upward revision is attributed to the bank's belief in increased profitability for Bitcoin miners. Additionally, the bank forecasts Bitcoin to reach $50,000 by the end of the current year.

Samson Mow, a Chinese-Canadian Bitcoin entrepreneur and CEO of crypto firm JAN3, envisions an even more remarkable future for Bitcoin. He firmly believes that Bitcoin will surge to an astonishing $1 million within the next five years.

On the other hand, Balaji Srinivasan, an investor and former technology chief at Coinbase, has taken a daring bet on Bitcoin's price. He also speculates that Bitcoin could reach $1 million or more in the coming days.

The phenomenon of Bitcoin halving is far from a mere technical adjustment; it carries significant economic implications for Bitcoin miners and the broader cryptocurrency market. As the block reward is halved, miners are compelled to reconfigure their operations to maintain profitability. This intensified competition, however, leads less efficient miners to exit the scene, which can have far-reaching effects on security.

Crypto experts acknowledge the current economic landscape characterized by rising hikes and tighter monetary policies, factors that might not facilitate an immediate, sharp rebound for Bitcoin.

While some foresee Bitcoin reaching unprecedented heights, others adopt a more cautious approach. This diversity of perspectives adds to the intrigue surrounding Bitcoin's price trajectory, making investors and enthusiasts eager to see what comes next.

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What is the Bitcoin Halving and Why Does it Matter? - BSC NEWS

Bitcoin's price has seen a notable increase in the past week. The rise has been driven in some part by a dynamic between short and long-term bitcoin holders, according to an analyst.

Bitcoin (BTC-USD) has risen by 4.5% in the past week, now changing hands at $27,602, (22,771) according to CoinGecko data.

This is a retrace from a height of $28,500, that was reached on Monday. The early October high marked a significant price point that has not been reached since August 17, 2023.

Read more: Crypto live prices

"Bitcoin now finds itself in a technical range, confined between the resistance level of $28,500 and the support level of $27,100," CryptoQuant analyst Adam Mourad told Yahoo Finance UK.

The analyst explained the underlying factors that could be at play. Mourad described a market dynamic that has developed between short and long-term bitcoin holders. He referred to on-chain metrics that demonstrated long-term holders acquiring the digital assets that are being sold by short-term holders.

"The supply held by short-term holders has dipped to its lowest point in nearly eight years, a level not seen since November 2015, with a value of 3.8 million bitcoins," the analyst said.

Conversely, the CryptoQuant analyst referred to on-chain data that showed the supply of bitcoin held by long-term holders has reached an all-time high, standing at 15.6 million bitcoins.

He added that long-term holders have a deeper belief in the asset and will hold and accumulate the asset. A dynamic that favours price appreciation.

Long-term holders of bitcoin wait in hopeful anticipation that an approval of a spot bitcoin ETF by US regulators is forthcoming. A spot bitcoin ETF is a financial product that investors hope will open the gateway for mainstream capital to flood the crypto market.

At a conference in London this week, former BlackRock (BLK) managing director Steven Schoenfield said he believed the SEC could approve a spot bitcoin ETF within 3-6 months based on mounting regulatory pressure. This relatively short timeframe marks a shift in Schoenfields outlook. He had previously projected a longer nine to twelve months window.

Read more: Institutional investment brings new momentum to crypto

During a panel discussion on ETFs at CCDatas Digital Asset Summit in London, Schoenfield explained his updated forecast is based on a view that there has been a significant improvement in the dialogue between the Securities and Exchange Commission (SEC) and financial industry figures. The SEC is the US financial regulator that will make the decision whether to approve the multiple spot bitcoin ETF filings that have been filed.

Watch: Crypto bosses pouring millions into anti-aging tech to live longer | The Crypto Mile

Download the Yahoo Finance app, available for Apple and Android.

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Bitcoin price rally driven by key market dynamic, analyst - Yahoo! Voices

This article is from a special report on the Athens Democracy Forum, which gathered experts last week in the Greek capital to discuss global issues.

Moderator: Liz Alderman, chief European business correspondent, The New York Times

Speaker: Nick Clegg, president, global affairs, Meta

Excerpts from the Rethinking A.I. and Democracy discussion have been edited and condensed.

LIZ ALDERMAN A.I. obviously holds enormous promise and can do all kinds of new things. A.I. can even help us possibly solve some of our hardest problems. But it also comes with risks, including manipulation, disinformation and the existential threat of it being used by bad actors. So Nick, why should the public trust that A.I. will be a boon to democracy, rather than a potential threat against it?

NICK CLEGG I think the public should continue to reserve judgment until we see how things play out. And I think, like any major technological innovation, technology can be used for good and for bad purposes, can be used by good and bad people. Thats been the case from the invention of the car to the internet, from the radio to the bicycle. And I think its natural to fear the worst, to try and anticipate the worst, and to be fearful particularly of technologies which are difficult to comprehend. So I think its not surprising that in recent months, certainly since ChatGPT produced its large language model, a lot of the focus has centered on possible risks. I think some of those risks, or at least the way some of them are being described, are running really quite far ahead of the technology, to be candid. You know, this idea of A.I.s developing a kind of autonomy and an agency of their own, a sort of demonic wish to destroy humanity and turn us all into paper clips and so on, which was quite a lot of the sort of early discussion.

ALDERMAN We havent reached Terminator 2 status.

CLEGG Yeah, exactly. Because these are systems, remember, which dont know anything. They dont have any real meaningful agency or autonomy. They are extremely powerful and sophisticated ways of slicing and dicing vast amounts of data and applying billions of parameters to it to recognize patterns across a dizzying array of data sets and data points.

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Athens Democracy Forum: Are Artificial Intelligence and Democracy Compatible? - The New York Times

The crypto community is buzzing with excitement as October unfolds, heralding the arrival of what many in the digital asset space call Uptober. For years, this month has gained a reputation for fostering positive price momentum for Bitcoin and the broader cryptocurrency market. The resurgence of Uptober has once again ignited hopes and speculations about what lies ahead for the crypto market.

Beyond the immediate implications for Bitcoin, many investors question how this bullish momentum might spill over to other cryptocurrencies, especially XRP, Cardano (ADA), and InQubeta (QUBE).

Drawing parallels to BTCs uptrend, InQubetas approach to crowdfunding has drawn attention from the crypto community, leading to its rapid ascent on the decentralized finance (defi) crypto list.

This article delves into Uptobers significance and explores its potential effects on these top digital assets.

InQubetadistinguishes itself from conventional cryptocurrency ventures by focusing on the artificial intelligence (AI) sector in a tech-driven era.

InQubeta introduces a non-fungible token (NFT) marketplace rooted in equity and powered by blockchain technology and smart contracts.

By engaging in this presale, acquiring QUBE means aligning with the AI revolution and potentially reaping the rewards.

InQubeta employs a unique token vesting approach, gradually releasing tokens over 12 weeks, promoting stability and investor trust.

As Bitcoin enters the bullish month of Uptober, with October historically favoring cryptocurrencies, InQubeta aligns with the trend.

This presale, spanning ten stages, has sold nearly 381 million tokens, amassing over $3.4 million in stage 4.

With the QUBE tokens current value at $0.0133 and its positioning on the defi crypto list, experts foresee InQubeta mirroring BTCs rally.

To join InQubetas presale, investors can acquire QUBE using Ethereum (ETH), BTC, or USDT.

After the presale, buyers will receive airdropped tokens, including attractive bonus tokens.

Uptober, a term coined by the crypto community, signifies the historical bullish trend that often sweeps across Bitcoin and other cryptocurrencies in October. Historical data since 2013 shows October as predominantly positive for Bitcoin, with just two exceptions.

On Oct. 1, Bitcoins price soared past $28,000, marking its highest level since mid-August. This surge, propelling BTC to nearly $28,500 and recording a 4% increase in under 24 hours, rekindles hopes of a sustained uptrend.

This bullish BTC sentiment is rippling across the crypto space, boosting market sentiment for coins like XRP, ADA, and QUBE. As Bitcoin takes the lead, these top defi coins, renowned for innovation, could gain more investor attention, potentially fueling a broader crypto market uptrend in Uptober.

Ripple, a blockchain company, enables fast and cost-effective international money transfers. XRP is a bridge between different fiat currencies, making cross-border transactions swift and efficient. Ripples vision is to revolutionize global financial transactions, making value move as seamlessly as information.

XRP has shown signs of a potential breakout in recent market developments. On-chain transaction volume in profit, as shown by the data from Santiment, reached 3.48 billion XRP on Oct. 1. XRP has not witnessed such profit-taking levels since February 2021, suggesting that the coin may be on the brink of a significant price move.

Cardano is a blockchain platform known for its emphasis on sustainability, scalability, and a research-based approach to development.

Recently, ADA broke above a descending triangle pattern. This formation signals a potential bullish trend reversal that may support prices in the sessions ahead.

Following the breakout, ADA rallied, increasing investors optimism.

Cardanos bullish performance aligns with the prevailing sentiment of optimism this Uptober, suggesting that it might capitalize on improving market sentiment.

Uptober expectations may support Bitcoin and could improve market sentiment. Conversely, XRP, ADA, and QUBE are following suit, gaining momentum and increasing investor interest. InQubeta can be a go-to choice for seasoned investors searching for opportunities in the AI sector in the ongoing QUBE presale.

Visit InQubeta presale

Join the InQubeta communities

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Bitcoin's 'Uptober': possible impact on XRP, Cardano, and InQubeta - crypto.news