Hi, Bit2Mer! 👋
We are closing out February by bringing you the tools you need to better understand market movements and navigate the crypto space with greater security. Let's get started!
👑 Bitcoin vs Altcoins: Who is Dominating the Market?
Have you ever wondered if it's a better time to accumulate Bitcoin or to look for opportunities in other coins? To help you answer that, you have the Bitcoin vs Altcoins Indicator at your disposal—a visual tool found directly on the price screen of your Bit2Me account.
What is it?
This indicator measures Bitcoin's dominance relative to the rest of the market (the altcoins). Essentially, it tells us what percentage of the total money invested in crypto is held in BTC compared to how much is spread across everything else.
How to interpret it:
- Rising Bitcoin Dominance: This suggests the market is being conservative. Investors are seeking the "safety" of the king of assets. This often happens during the initial phases of bull markets or during times of uncertainty.
- Falling Bitcoin Dominance: Watch out! This is where altcoins start gaining ground. If dominance drops sharply, we could be entering an Altcoin Season—that period where coins like Ethereum, Solana, or Cardano often see higher percentage growth than Bitcoin.
🔎 Bit2Me Verify: Your Shield Against Scams
In the crypto world, security is non-negotiable. Scammers often try to deceive users with emails or messages that look like they are from us, but actually lead to fake pages designed to steal your data. To combat this, we have launched Bit2Me Verify.
What is it and how do you use it?
It is a free, official verification tool that you can find on our website. And it's very easy to use:
- If you receive a suspicious link via SMS, email, or social media, do not click it.
- Copy the link and paste it into Bit2Me Verify.
- The tool will instantly tell you if it is an official Bit2Me domain or an unknown and potentially dangerous source.
Don't take the risk!
If the verifier gives you a red alert, block the contact and delete the message. Remember, Bit2Me will never ask for your personal data, private keys, or 2FA codes through private channels like social media messages.
At the slightest suspicion, Verify is your best ally to confirm you are interacting with us legitimately. If you still have doubts, please contact our support team.
That's all for this week! Use the dominance indicator to fine-tune your strategy and always use Verify before clicking any links.
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