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Merry Christmas everybody 🎄
Remember this post i wrote 7 days ago?
Today, a U.S Senator wrote about how the U.S.A can pay it's national debt with Bitcoin reserve.
#N4G
Today, a U.S Senator wrote about how the U.S.A can pay it's national debt with Bitcoin reserve.
#N4G
Why the US will adopt bitcoin vigorously in the next 4 years at least?
U.S.A has a large deposit of 200,000 BTC lying in their pocket, and with 36 Trillion dollars as national debt, the USA could use all the money it can get it's hands on.
Embracing bitcoin will only lead to a surge in the price that could surpass 250,000$-500,000$ easily or even more than that.
I know it's a dream that can hardly be reached, but it's not impossible.
All the U.S.A has to do is to treat Bitcoin like bonds or just any asset under it's command and start trading globally using bitcoin, (N4G wrote this first on binance square) enforcing bitcoin as a payment method for it's goods, and it will attract bitcoins by the hundreds of thousands.
Now, i don't believe the U.S.A will try to acquire millions of bitcoin in it's reserve as this would be a bad move owning even 10% of the supply alone,(N4G wrote this first on binance square) they need to keep bitcoin in everyone's reach so that everyone can fight over to own bitcoin to gain access to the U.S.A markets.
But lets say the U.S.A will own 1,000,000 in those 4 years term, and if the scenario mentioned in this post occur and BTC reaches 500,000$ in 4 years.
that's 500,000,000,000 (50 Billion dollars), add to that, the amount of money that will be poured into their economy as most of the crypto industry resides in the united states, so the outcome will be more than great for them.
You read this first on
#N4G
U.S.A has a large deposit of 200,000 BTC lying in their pocket, and with 36 Trillion dollars as national debt, the USA could use all the money it can get it's hands on.
Embracing bitcoin will only lead to a surge in the price that could surpass 250,000$-500,000$ easily or even more than that.
I know it's a dream that can hardly be reached, but it's not impossible.
All the U.S.A has to do is to treat Bitcoin like bonds or just any asset under it's command and start trading globally using bitcoin, (N4G wrote this first on binance square) enforcing bitcoin as a payment method for it's goods, and it will attract bitcoins by the hundreds of thousands.
Now, i don't believe the U.S.A will try to acquire millions of bitcoin in it's reserve as this would be a bad move owning even 10% of the supply alone,(N4G wrote this first on binance square) they need to keep bitcoin in everyone's reach so that everyone can fight over to own bitcoin to gain access to the U.S.A markets.
But lets say the U.S.A will own 1,000,000 in those 4 years term, and if the scenario mentioned in this post occur and BTC reaches 500,000$ in 4 years.
that's 500,000,000,000 (50 Billion dollars), add to that, the amount of money that will be poured into their economy as most of the crypto industry resides in the united states, so the outcome will be more than great for them.
You read this first on
#N4G
.
So you lost 50% of your money "Unrealized loss"?
That's easy, you will make them back, as fast as you lost them.
The word unrealized meaning is something that hasn't happened in reality yet, something not achieved yet, you only achieve this loss if you hit sell.
That's easy, you will make them back, as fast as you lost them.
The word unrealized meaning is something that hasn't happened in reality yet, something not achieved yet, you only achieve this loss if you hit sell.
Now BTC dominance has stopped. ALts are rising.. that's a sign of retailers throwing in their money.
that's just crypto, you have to keep reading the market every minute , and know the "End game"
that's just crypto, you have to keep reading the market every minute , and know the "End game"
Why i don't make money in crypto?
two reasons.
1) I lack discipline
2) I lack large capital.
To me, I just know what's the end game is, i know if you throw in your money on crypto the coming 1-2-3 months, you will make a decent 100% return at least, so i don't give a rat as$ about the best entry, market shifting every second.. if you do that you will die with a heart attack.
Just throw your goddamn money and wait.. just wait. like a fisher, he throws in his fishing pole and just waits.
two reasons.
1) I lack discipline
2) I lack large capital.
To me, I just know what's the end game is, i know if you throw in your money on crypto the coming 1-2-3 months, you will make a decent 100% return at least, so i don't give a rat as$ about the best entry, market shifting every second.. if you do that you will die with a heart attack.
Just throw your goddamn money and wait.. just wait. like a fisher, he throws in his fishing pole and just waits.
BTC dropping
Alts stabilizing
that's a sign of reversal.
Alts stabilizing
that's a sign of reversal.
Lets face it
Crypto is not like SP500 or Forex.. and this is exactly why we all are here.
you won't find an index loosing 50% in 4-5 days unless it's going bankruptcy, it only happens in crypto and that's why we love it, because when we can catch a move like this we can get 50% on our money.
but ask yourself, where does that money come from? Future, poorly educated traders, long term investors.. and what does it take? Patience.
#N4G
Crypto is not like SP500 or Forex.. and this is exactly why we all are here.
you won't find an index loosing 50% in 4-5 days unless it's going bankruptcy, it only happens in crypto and that's why we love it, because when we can catch a move like this we can get 50% on our money.
but ask yourself, where does that money come from? Future, poorly educated traders, long term investors.. and what does it take? Patience.
#N4G
Two important questions answered in this post.
1.When the drop stops?
2. Why the drop happened?
Answers:
1. When BTC reaches 87,010$
2. Profit taking, future liquidations.
#N4G
1.When the drop stops?
2. Why the drop happened?
Answers:
1. When BTC reaches 87,010$
2. Profit taking, future liquidations.
#N4G
Reasons behind the market drop:
= South Korea’s Digital Asset Protection Foundation Begins Asset Recovery for 40,000 Users Affected by 8 Exchange Closures (5 of them are Apro Korea, Ten and Ten, Hanbitco, Qbit, and Pay Protocol....), This caused some selling pressure (16 Dec 2024)
= FTX to start bankruptcy payouts via Kraken, BitGo from Jan. 3 for users affected by the FTX’s 2022 crash.
= Mt. Gox exchange moved 1,619.678 BTC worth $172 million to two new addresses, Mt. Gox holds 36,085 BTC, valued at approximately $3.84 billion, raising speculation about future sell-offs.
= Bybit end withdrawal and custody services for French users on Jan. 8, 2025, citing regulatory pressures.
#N4G
= South Korea’s Digital Asset Protection Foundation Begins Asset Recovery for 40,000 Users Affected by 8 Exchange Closures (5 of them are Apro Korea, Ten and Ten, Hanbitco, Qbit, and Pay Protocol....), This caused some selling pressure (16 Dec 2024)
= FTX to start bankruptcy payouts via Kraken, BitGo from Jan. 3 for users affected by the FTX’s 2022 crash.
= Mt. Gox exchange moved 1,619.678 BTC worth $172 million to two new addresses, Mt. Gox holds 36,085 BTC, valued at approximately $3.84 billion, raising speculation about future sell-offs.
= Bybit end withdrawal and custody services for French users on Jan. 8, 2025, citing regulatory pressures.
#N4G
Dec 20 - Dec 31 (Green days)
This is just a liquidation run, they are just liqudiating future contracts.. it won't take long.. We meet at the end of this month and see how it looks.
#N4G
#N4G
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