Why does the market fall?

Bitcoin led the market down 3.8% ahead of the release of U.S. CPI data, triggering a $200 million sell-off on Binance. Analysts predict a possible short squeeze and altcoin decline. Uncertainty in the market and higher-than-expected CPI data led to a sell-off in the market, especially in altcoins like Cardano, Dogwifhat, and Notcoin. After the CPI data is released, market supply pressure may ease, providing an opportunity for assets to rebound.

Focus
1. Higher-than-expected CPI data typically leads to a sell-off in the cryptocurrency market as people fear aggressive interest rate hikes.

2. Bitcoin tends to fall before the CPI announcement and may reverse later.

3. Cardano price fell below the symmetrical triangle support line and may continue the downward trend.

4. Dogwifhat price has corrected significantly in the past two weeks and may lose support.

5. Notcoin price retreated 47% from resistance and may fall further.

6. After the release of CPI data, market supply pressure may ease, providing opportunities for asset rebound.

If you want to know more about the currency circle and first-hand cutting-edge information, click on the avatar to find the God of Wealth. Quoli publishes daily market analysis and high-quality potential currency recommendations.
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When will the copycat bull market arrive? Will there be more?

How much of an increase is considered a bull market? Everyone has their own understanding. Many people think that a bull market can only be called a bull market if the big market rises several times and the copycats rise dozens or hundreds of times. Then let’s take history as a lesson and look at the two largest markets, US stocks and A-shares, which are bullish trends. Most of the time, it rises + falls sharply. The 1980s was also a period of great inflation in the United States. In 1980, the CPI was as high as 14%.

Under Volcker's crazy interest rate hikes, it was not until 1985 that it gradually returned to the 2-3% range. The Nasdaq (more in line with the currency circle's reference) rose 40 times from the low in 1985 to the high point of the dot-com bubble in 2000. 40 times in 2015; after the 2008 financial crisis, another wave of bulls started. From 2009 to 24, it was 15 years again, this time less than 16 times, and 15 times in 2015.

Looking at A-shares as well, there was a bull market in the early days when the market was immature and it was 11 times. Later it was changed to T+1 and the price limit was 6 times. There is no obvious index bull market.

The above are all statements of objective facts. The market is like a combination of US stocks + A-shares. It has obvious bull and bear cycles (technically there is a halving), and the price is in a bullish trend similar to the Nasdaq. The big pie benchmarks against the index, and the copycat benchmarks against individual stocks. As the volume increases, the increase per unit time must continue to decrease, which is in line with objective laws.

The pie increased from 500 times in the first round, to 130 times in the second round, to 17 times in the third round. This round is currently 4.7 times, and the increase has also decreased significantly. From this, we can deduce that the low point of this round is 15558*17 (don’t be careful about rounding) = 264486 It is based on the fact that the increase in each round does not exceed the top limit area of ​​the previous round. The current turn of the big pie is 6.4 times the bottom of 100,000. There are already many benchmarks for traditional markets, and the ratio to gold is also much higher. Now it has increased 4.7 times, with a maximum volume of 150,000 million, which is the pass line for bull market growth, just like an oversold rebound. , after the initial technical rebound range has the highest certainty, there will be more factors to consider when it rises again, and the process will be more tortuous.

From the perspective of the macro cycle, the bull market in the copycat season may come relatively late, but it will definitely happen. I personally expect it to start at some point in the third quarter of 2024.

If you want to know more about the currency circle and first-hand cutting-edge information, click on the avatar to follow the God of Wealth. Quoli publishes daily market analysis and high-quality potential currency recommendations.
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Major event!!! ICBC actually gave a thumbs up to Bitcoin!!!

You heard it right, it was the ICBC of China. They recently issued a report praising the benefits of digital currency. The report said that Bitcoin is like the gold of the digital world, and Ethereum is simply "digital gasoline" that can provide energy for many applications of web3. The report also mentioned that people's imagination is the key to the crazy growth of digital currency types and applications, just as historian Yuval Noah Harari said. Matthew Siegel, the digital asset boss of VanEck, also said that this is simply a "love letter" written by ICBC to Bitcoin and Ethereum.

The report details the different development paths of digital currency. Bitcoin relies on a mathematical consensus mechanism and is as rare as gold. Although its attributes as a currency are a bit weakened, its status as an asset is stable. Ethereum, on the other hand, provides us with a "technical force for a digital future". It uses its own programming language and virtual machine to play a key role in the fields of DeFi and NFT. Although there are some minor security issues, developers are working hard to find solutions, such as the upgrade of Ethereum 2.0.

Stablecoins and central bank digital currencies play a big role in our current financial system. The report said that stablecoins are like a bridge connecting the digital currency market and the real world. They are linked to traditional assets, providing stability to this volatile market, allowing us to trade seamlessly, and can also serve as a reliable value storage tool. They are simply a little helper in our daily financial activities and the gateway for digital currencies to enter the global financial system.

CBDC is a big innovation in the monetary system! The central bank's digital legal currency can make our payment system more efficient, reduce transaction costs, and make monetary policy more effective. Moreover, it can simplify cross-border transactions and allow those who do not have bank accounts to enjoy financial services. However, to develop this CBDC, many factors must be considered, such as privacy, security and regulation. We must ensure that it can be widely adopted, and policymakers, technology developers and regulators must work together to ensure that it is safe, compliant, and protects our privacy.
#MegadropLista #第55期新币挖矿IO

Now I have 20,000 yuan to enter the cryptocurrency circle. What is the most profitable way to stock up spot goods in ten warehouses?

20,000 yuan for what? I will give you suggestions by dividing it into 20,000 RMB and 20,000 dollars.
2WRMB is not much. If you can take out this money, it means that you don’t have much money, and you should be a new entrant: it is recommended to divide it into two parts, one to buy BTC on dips, just buy BTC. The other part buys BTC ecology, inscriptions (recommended btcs) and runes (recommended X) are all OK, and hold it until the bull market. Remember, it must be BTC ecology from this year to next year.

If it is 20,000 dollars, it means that you have an opinion. It is recommended to divide it into several parts. You can decide the amount yourself: one BTC+BTC ecology (inscriptions+runes), one sol ecology, one BNB ecology, and all the coins held should not exceed 10.

There are a few more small suggestions:
1. Your money must be money you can afford to lose, that is, even if it returns to zero, it will not have a big impact on you;
2. All the news you read that tells you that XX coin can rise by 100 should not be touched. The currency circle only looks at your inner circle (if not, just chase BTC). Those that can be released to ordinary people are all fake, remember!
3. For any coin you buy, it is best not to move 95% of it, that is, hoard it, and then if it rises to about 5 times, run the principal; if it keeps falling, make up for it once it doubles, or simply don't move it.
4. Don't do contracts! Don't do asset pledges! If you want to play contracts, wait until you have been in the circle for 3 years and someone is leading you.
5. Don't do contracts but hoard coins. 95% of the time is waiting. Time is your friend, remember!
If you want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, click on the avatar to find the God of Wealth, and the skirt will publish market analysis and recommend high-quality potential currencies every day.
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Exploring the New Era of Web3 Security: The Rise and Future of GoPlus Security

As a practitioner deeply involved in the field of Web3 security, I recently had the opportunity to come into contact with an outstanding project called GoPlus Security. This project focuses on Web3 security and aims to provide users with the most reliable security protection. I was pleasantly surprised to find that this project was led by B Security and attracted the participation of many well-known institutions. You should know that B Security has always been very cautious in investing in Web3 security projects. This investment is undoubtedly a great recognition of GoPlus Security.

GoPlus Security has not only been favored by capital, but more importantly, it has set a benchmark in the industry. As the world's largest security detection data agency, GoPlus Security provides contract security detection services for many well-known on-chain market software, such as UniSwap, MetaMask snaps, CMC, Coingecko, OperaCrypto, and OKX Wallet. This achievement not only demonstrates its strong technical strength, but also reflects its deep industry accumulation.

It is worth mentioning that GoPlus Security is currently conducting an airdrop event. Users only need to complete relevant website tasks to get rich rewards. These tasks are very simple and all in Chinese, which is very friendly to the majority of Chinese users. However, in my opinion, even without the attraction of airdrops, GoPlus Security is worth a try. As a practitioner in the security industry, I am well aware of the importance of security. Using the services of GoPlus Security, we can check the security risks of our wallets in a timely manner, find problems and make rectifications, thereby ensuring the safety of our assets.

In general, GoPlus Security is a Web3 security project worthy of attention and use. It not only has strong technical strength and deep industry accumulation, but also has been recognized and supported by well-known institutions such as B Security. I believe that in the future development, GoPlus Security will definitely become a leader in the field of Web3 security and bring us more secure and reliable services.
#第55期新币挖矿IO #美联储利率决策即将公布 #美联储何时降息？ #MegadropLista

Which one do you think is the dark horse?

Game track: pixel, portal, xai, ace, gala

Modular narrative: tia, alt, manta

New public chain: sui, apt, sei, ton

New second layer: strk, op, arb

Pledge track: ldo, ssv, ethfi

Depin track: fil, mobile

RWA track: mkr, polyx, rio, ondo

Sol ecology: ray, pyth, jup, jto

Meme track: pepe, wif, bome myro bonk floki

To learn more about the relevant knowledge of the currency circle and first-hand cutting-edge information, click on the avatar to find the God of Wealth, Qunli publishes market analysis every day and recommends high-quality potential currencies.
#美联储何时降息？ #美联储利率决策即将公布 #非农就业人数高于预期 #第55期新币挖矿IO

eth
Open short at 3530-3550
Take profit: 3460/3430/3408
Stop loss: 3600
A very good profit-loss ratio order
Small position
$ETH #美联储利率决策即将公布 #第55期新币挖矿IO #币安用户数突破2亿 #美联储何时降息？ #MegadropLista

Why does China not allow virtual currency trading platforms to exist?

I am very curious that in recent years, when China cracked down on illegal transactions such as fraud, online gambling, collusion, embezzlement, and money laundering, a large amount of virtual currency may have been confiscated.
So, how are these confiscated virtual currencies handled by judicial authorities? How to deal with them legally and in compliance with regulations needs to be supervised by the people.
One contradiction: If the judicial authorities sell virtual currency in China and convert it into cash and collect it into the national treasury or use it for fiscal and people's livelihood. Then there must be a counterparty and a buyer for the sale. The buyer must buy it for trading. In this case, not only the buyer is guilty, but the judicial authorities will also find it difficult to deal with it.
Two contradictions: If the judicial authorities entrust the sale of virtual currency overseas, first of all, there will be entry and exit declarations for valuable goods entering and leaving the country. If the customs allows virtual currency to be declared and inspected normally, then isn't it a disguised recognition of legality? Secondly, the money traded overseas is subject to restrictions on foreign exchange settlement, and can only be carried out either as an individual or as a company, and is subject to quota restrictions. Then individuals and companies conducting this business are also involved in crimes.
Three contradictions: The value of virtual currency fluctuates greatly. Many virtual currency varieties have a life span of only a few years. If they are not cashed out temporarily, if they are held and kept by judicial authorities. The rise and fall of the value of virtual currency, inventory management, may also breed corruption, and even financial statistics are difficult to do.
In fact, the key point is that the definition of virtual currency is very vague

During this period, the God of Wealth is preparing to ambush several 10x coins. If you need to get on the bus, leave a message in the comment area and 888 will take you on the bus. Remember, opportunities are reserved for those who are prepared
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Will SOL be the next ETH? BlackRock to apply for Solana ETF

According to the latest cryptocurrency news, BlackRock is preparing to file for an ETF on Solana (SOL) next month, a move that could mark a major step for the cryptocurrency and the blockchain ecosystem as a whole.

BlackRock has shown growing interest in the cryptocurrency world. Recently, news that the financial giant was preparing to file for an ETF on Solana caused a lot of excitement in the market. The fact that an ETF may be approved on SOL would represent a step toward mainstream adoption for cryptocurrencies.

Furthermore, Solana’s move to launch an ETF can be seen as a strategy to diversify its products and attract more investors. Solana has gained significant popularity among developers and investors thanks to its high-speed blockchain and low barrier-free transaction costs. BlackRock’s launch of an ETF on Solana would not only increase the cryptocurrency’s legitimacy but also spur further investment and development in its ecosystem.

All in all, BlackRock's possible request to launch an ETF on Solana could represent a major turning point for the cryptocurrency market, once again highlighting the industry's growing importance in the global financial landscape.

If you want to know more about the currency circle and first-hand cutting-edge information, click on the avatar to find the God of Wealth. Quoli publishes daily market analysis and high-quality potential currency recommendations.
#美联储利率决策即将公布 #第55期新币挖矿IO #非农就业人数高于预期 #美联储何时降息？ #MegadropLista

#非农就业人数高于预期 #第55期新币挖矿IO #bnb历史新高 Today's News

How to make the first million in the cryptocurrency circle?

First:
I will tell you a way to make 1 million. It is best to prepare about 100,000-200,000 yuan.
Convert these funds into U and store them in a safe exchange.
Then set it up and buy one share every week, and divide the 100,000-200,000 funds into 96 shares. Buy once a week.
Don't look at it, don't move during this period, buy 60% of BTC. ETH buys 30%. 10% buys BNB.
That's it. Then you just wait. After a cycle, or two cycles, that is, 4-8 years.

The second method:
Of course there are other methods, such as airdrops, whitelists, and new ones. First of all, you have to be able to program, operate remote servers, understand English, read first-hand information, be able to operate in batches, and concentrate on doing this.
To do this, you need a lot of learning and mastering various programming skills, which is what we call a cryptocurrency scientist.

The third method:
This requires a little luck. If you choose a coin at the beginning of the bull market, this coin can rise more than 10 times. This requires a little luck. But more of your own judgment. For example, how much traffic does this currency have? Are there any new concepts? Who is standing on the platform? If it is Justin Sun or a Chinese, try not to go. The probability of being deceived is very high. This requires a certain level of analytical ability. This means making more friends and paying more for advice from others. The most important thing is to keep up with your own cognition. You must have decisive judgment and decision-making ability.

It is more certain that the above three people can make 1 million. You can see which one is suitable for you. Are you willing to endure such pain in order to make money? If you can, do it.

Of course, there are other ways to make a fortune in the currency circle, such as opening a market to issue coins yourself. It is too easy to make 1 million in this way. But you must first have a knowledge system in this regard. If not, it is still not recommended. It seems simple, but it is actually the most difficult.

If you don’t know how to screen strong coins, want to know more sharp operation strategies? Which potential coins are ambushed in advance? Then I suggest you follow me. And contact the God of Wealth through the homepage. One-on-one analysis of your positions. Remember, opportunities are always reserved for those who are prepared.
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How deep is the water in the currency circle?

Two good friends jointly hold the secret key of the Bitcoin account. One of them died unexpectedly, and the other could not open the account, watching the opportunity to get rich pass by.

There are two close friends who are international students. Let's call them A and B for now. A and B first came into contact with Bitcoin when they were studying abroad. Both of them recognized the commercial value of Bitcoin, and then they hit it off and decided to work together to invest all their assets in Bitcoin. At that time, Bitcoin had just emerged, and there were at least thousands of Bitcoins in their accounts.
Because Bitcoin was purchased with the joint funds of A and B, Bitcoin was placed in a common account. The original intention of the two was to wait for Bitcoin to appreciate in the future. In order to avoid the other party from being tempted to sell Bitcoin behind the other party's back, the account secret key was divided into two parts. A and B each held half of the secret key information. Only when the two worked together could the Bitcoin account be opened.
Later, A and B returned to China to develop, and their lives intersected less and less, but they still maintained a close friendship. Seeing that Bitcoin continued to appreciate, the Bitcoin in their joint account was kept in it without being sold, thinking that the appreciation space in the future would definitely increase.
Until the accident happened, A died on the spot in a car accident while traveling, and there was no time to explain the funeral. Although B was sad to know that his friend had passed away, he was also concerned about the whereabouts of the other half of the secret key of the Bitcoin account, but A's family didn't know about it at all. They searched through A's relics but couldn't find the other half of the secret key. The biggest feature of the Bitcoin account is security. B couldn't open the account by himself. With the death of A, the joint account of the two people also became a dead account.
In recent years, the price of Bitcoin has been getting higher and higher, almost to the sky. B can only watch the price of Bitcoin soar, but he can't open the joint account that once belonged to the two of them and sell his part of the Bitcoin to cash out. B suffered from severe depression in the negative emotions such as resentment, anxiety and unwillingness. He had to rely on drugs and psychotherapy to face this sad reality. In fact, this is not difficult to understand. Someone else might be as depressed as B, or even worse than B. This is the most tragic story I have ever heard about the currency circle
Please join the exchange and study, see the homepage introduction,
#第55期新币挖矿IO #MegadropLista

AethirCloud leads a new era of AI computing: H100 GPU is only $1.19/hour

AethirCloud recently announced that it provides NVIDIA H100 GPU services for only $1.19 per hour, which will undoubtedly greatly reduce the computing costs of AI and ML projects.
H100 GPU is NVIDIA's latest high-performance graphics processing unit, designed for AI and ML. It has two variants: 80GB HBM3 version is suitable for processing large-scale data sets, and PCIe version is suitable for different server configurations. Its performance of up to 756 TFLOPS is enough to cope with complex AI training and inference tasks.
AethirCloud's H100 GPU service will provide powerful and economical computing resources for AI and ML researchers, accelerate the research process, and help small and medium-sized enterprises reduce product development costs. We look forward to this service to promote the faster development of AI and ML technologies.
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#非农就业人数高于预期

Is the cryptocurrency circle suitable for ordinary people to participate?

Those who play in the cryptocurrency circle are ordinary people, but some people play well and directly cross the class. Just like when Shib was popular, it was spread everywhere in the circle of friends that someone bought 1,000 Shib and turned it into 80 million.
Ordinary people can play in the cryptocurrency circle, but whether you can make money depends on your luck and your vision. Here I suggest:

1. Don’t be greedy when playing in the cryptocurrency circle
Greedy people often lose their principal in the end. Follow a principle: double the principal, five times the principal + 2 times the profit. Just keep the bottom warehouse in it for rolling interest. If you want to buy a coin randomly and get hundreds of times, just go to bed. Xiaobai who holds this idea will eventually lose everything.

2. Play in the cryptocurrency circle, don’t listen to anything the telegram group says
The cryptocurrency circle is more exciting than any TV series you have ever seen. Some people are bullish and some are bearish. In short, all the information you see is to make you cut your losses or take over. After buying a coin, first look at its fundamentals and white paper, and don’t believe anyone. For example, there is an atmosphere group in the telegram group, saying that they will not ship out until 1u. They usually shout and deceive you to add positions while secretly shipping. After these people sell out, they start to sing short. You must have your own judgment and don't rush blindly.

3. Playing in the currency circle, you must be able to bear the risk
If you rush to the Pixiu plate, then you will be unlucky. If you rush to the top of the mountain, then you will be unlucky. Remember a formula, don't rush to the currency with a full position. In case you are hung at the top of the mountain, look for a low point to buy the bottom, and double the money to get back. If you want to make more, then look down:
Grab some reliable pre-sales, check the dxsale platform. If you are lucky, the opening price will be several times or even more than ten times the pre-sale. You can also make money if you smash it at the opening.

If you want to know more about the relevant knowledge of the currency circle and first-hand cutting-edge information, click on the avatar to find the God of Wealth. Qunli publishes market analysis and recommends high-quality potential currencies every day.
#MegadropLista #IO价格预测 #美联储何时降息？ #第55期新币挖矿IO

Today's analysis, rational investment
(Look for the PC team's first release)
Follow daily sharing
Beware of being deceived
#第55期新币挖矿IO #bnb历史新高 #5月非农数据即将公布

#第55期新币挖矿IO
IO is finally going online.
This type of computing power mining project mainly serves inference computing and edge computing scenarios, which do not have such high performance requirements.
Judging from the current computing power consumption of ChatGPT, about 70% is used to run large models, which can only rely on centralized super data centers. 30% of the computing power consumption is used to run this kind of inference and edge computing, which are the main markets for IO in the future.
I hope that computing power depin can become the next large-scale application scenario.
If this is the case, it is good for $SOL $APT
#内容挖矿

Trump stands with digital currency and hopes that all remaining Bitcoins will be made in the United States

As a presidential candidate, Trump has made too many promises, including strong support for cryptocurrencies.

Several Bitcoin miners met with Trump at Trump's Mar-a-Lago estate on Tuesday night. Trump said he loves and understands cryptocurrencies, and the existence of Bitcoin miners helps stabilize the energy supply of the US power grid. Trump promised that if he enters the White House, he will speak for cryptocurrency miners.

Trump himself posted on his Truth Social platform that Bitcoin mining is the last line of defense for the United States against other central bank digital currencies, and he hopes that all remaining Bitcoins can be made in the United States.

Previously, Trump's campaign team announced that it would accept cryptocurrency donations, which was seen as a high-profile embrace of the cryptocurrency industry. In recent weeks, Trump has stepped up his cryptocurrency-friendly image and said that he will become a "cryptocurrency president." But on the other hand, he did not give specific policy details.

Trump made it clear that Biden and U.S. Securities and Exchange Commission Chairman Gary Gensler's crackdown on cryptocurrencies will end within an hour of his taking office.

Earlier this month, Biden just vetoed a custody policy bill to support the development of digital currencies in the United States. A White House spokesman argued that the Biden administration still supports digital asset innovation, but also hopes to protect consumers from the risks of new technologies.

At this time, Trump began to bombard his support for cryptocurrencies, which was different from his previous attitude. Before this year, Trump had always been negative about cryptocurrencies, believing that they were scams.

Industry insiders believe that this is Trump's core point in attracting new voters. According to a survey, voters who are involved in the crypto market currently prefer Trump to Biden. This can also be echoed by Trump's more donations in Silicon Valley.

Standard Chartered Bank predicts that as the US election approaches, the price of Bitcoin will reach $100,000. If Trump successfully enters the White House, the price of Bitcoin may reach $150,000.
#MegadropLista #美联储何时降息？ #非农就业人数高于预期 #第55期新币挖矿IO #IO

Can IO still enter the market now? After reading this article you should understand #IO

IO has experienced significant appreciation recently, rising from $3.31 to $6.5, despite previous market volatility. However, this sharp increase still attracted many people.

It currently seems to be attracting momentum, moving up and clearing the order book block, which has been moving sideways today. Currently bullish. Therefore, the possibility of upward movement is very high, but it has been oscillating in the 6.0 area now because I took out a half position at 6.5 last night. The current entry price is really beyond my expectation. The entry of 5.5 or even 5.0 in the short term may require patience. wait. The brothers in the car advise to hold on tight, the next wave of gains is not far away!

The maximum supply of IO is fixed at 800 million, of which the initial supply is 500 million. The remaining 300 million tokens are distributed using a deflationary model, starting at 8% in the first year and decreasing by 1.02% per month (approximately 12% per year) for 20 years. The current circulating quantity is only 100 million. I believe there will be good profits in the next half year.

If this article is useful to you, you might as well click on it. During this period, the God of Wealth is preparing to ambush several ten times coins. Read the introduction to the cooking industry and get started without any barriers
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