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Can I leave Binance IDs on useful posts and articles that take a lot of my time?
Is this viable for receiving donations or how does #writetoearn work?
Does it violate Binance Square's terms and conditions?
Is this viable for receiving donations or how does #writetoearn work?
Does it violate Binance Square's terms and conditions?
See original
Lessons learned in the Crypto World so you don't make the same mistakes
These are some of the lessons I have learned over the past four years investing in cryptocurrencies. If you have your own experiences, please share them so we can all learn.
1. If it smells weird, don't eat it 🧐
This applies both to projects you're considering investing in and to any offer of help that seems too good to be true. If someone promises to recover your losses and asks you to share your secret phrase or password to "make your wallet compatible," it's probably a scam.
1. If it smells weird, don't eat it 🧐
This applies both to projects you're considering investing in and to any offer of help that seems too good to be true. If someone promises to recover your losses and asks you to share your secret phrase or password to "make your wallet compatible," it's probably a scam.
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I joined a crypto signals group so you don't have to - MY EYE-LEANING EXPERIENCE
Hello Crypto Enthusiasts,
We've probably all heard of the famous crypto signal groups. If you happen to be unaware of them, they are basically groups where one or more "experienced traders" give you signals on when to buy certain coins and when to sell them. They usually charge a monthly fee to be part of the group. The group I joined offered signals for spot and futures trading with leverage up to 50X.
I saw one of these groups advertised a lot on social media in my country, and they were offering a three-day free trial, so I thought, "Why not? Let's see what it's all about." I joined their Telegram group, where there were about 500 members. In the group, they posted about their supposedly high returns, but interestingly, they never mentioned losses, which is typical. This was the "standard" group, where people who hadn't paid yet were. Since I had the free trial, I was invited to the VIP group.
We've probably all heard of the famous crypto signal groups. If you happen to be unaware of them, they are basically groups where one or more "experienced traders" give you signals on when to buy certain coins and when to sell them. They usually charge a monthly fee to be part of the group. The group I joined offered signals for spot and futures trading with leverage up to 50X.
I saw one of these groups advertised a lot on social media in my country, and they were offering a three-day free trial, so I thought, "Why not? Let's see what it's all about." I joined their Telegram group, where there were about 500 members. In the group, they posted about their supposedly high returns, but interestingly, they never mentioned losses, which is typical. This was the "standard" group, where people who hadn't paid yet were. Since I had the free trial, I was invited to the VIP group.
Decoding the Bitcoin Halving: Hype vs. Reality
Every time a Bitcoin (BTC) halving occurs, it's accompanied by a significant amount of hype regarding its impact on the price. Many people anticipate the halving date to act as a magical moment when Bitcoin prices will suddenly soar. However, historical data and market reactions suggest a more nuanced effect.
Take, for instance, the last Bitcoin halving in May 2020. Contrary to the widespread expectations of a swift and substantial price increase, the market did not witness any dramatic climbs to new all-time highs (ATHs) immediately. In fact, if memory serves correctly, the price trends were somewhat stagnant or even slightly negative in the weeks and months following the halving. It wasn't until the fourth quarter of 2020 that we observed a significant upward trajectory in Bitcoin prices.
Interestingly, the market dynamics prior to the 2020 halving were also unique. Bitcoin reached a new ATH earlier in the year, before the halving took place—a scenario we hadn't seen in previous cycles. This illustrates the unpredictability and complexity of cryptocurrency markets.
It's important to remember that the Bitcoin halving is not a guaranteed trigger for an immediate price explosion. The event reduces the reward for mining new blocks, thereby decreasing the rate at which new bitcoins are generated. This reduction in supply can potentially lead to higher prices, but the effect is not immediate and is influenced by a myriad of other market factors.
This time around, the signs are pointing towards a downward price trend, and it appears unlikely that the halving will diverge from previous patterns. Typically, the halving acts more as a catalyst for gradual market movements over the following year to year and a half, rather than causing abrupt price hikes.
Therefore, I advise against succumbing to short-term fear, uncertainty, and doubt (FUD) stirred by the halving hype. Instead, it's wise to consider the bigger picture and maintain a long-term holding strategy (HODL).
Every time a Bitcoin (BTC) halving occurs, it's accompanied by a significant amount of hype regarding its impact on the price. Many people anticipate the halving date to act as a magical moment when Bitcoin prices will suddenly soar. However, historical data and market reactions suggest a more nuanced effect.
Take, for instance, the last Bitcoin halving in May 2020. Contrary to the widespread expectations of a swift and substantial price increase, the market did not witness any dramatic climbs to new all-time highs (ATHs) immediately. In fact, if memory serves correctly, the price trends were somewhat stagnant or even slightly negative in the weeks and months following the halving. It wasn't until the fourth quarter of 2020 that we observed a significant upward trajectory in Bitcoin prices.
Interestingly, the market dynamics prior to the 2020 halving were also unique. Bitcoin reached a new ATH earlier in the year, before the halving took place—a scenario we hadn't seen in previous cycles. This illustrates the unpredictability and complexity of cryptocurrency markets.
It's important to remember that the Bitcoin halving is not a guaranteed trigger for an immediate price explosion. The event reduces the reward for mining new blocks, thereby decreasing the rate at which new bitcoins are generated. This reduction in supply can potentially lead to higher prices, but the effect is not immediate and is influenced by a myriad of other market factors.
This time around, the signs are pointing towards a downward price trend, and it appears unlikely that the halving will diverge from previous patterns. Typically, the halving acts more as a catalyst for gradual market movements over the following year to year and a half, rather than causing abrupt price hikes.
Therefore, I advise against succumbing to short-term fear, uncertainty, and doubt (FUD) stirred by the halving hype. Instead, it's wise to consider the bigger picture and maintain a long-term holding strategy (HODL).
Bitcoin's Path to $500K: Anticipating a Supply Shock 📈🚀
Analyst George from CryptosRUs predicts a Bitcoin boom to $500K by the end of 2025 due to a potential supply shock. Key factors include expected U.S. Federal Reserve interest rate cuts 💸 and Grayscale's ETF supply decrease 📉.
As Bitcoin recovers, trading at around $65,191, the market watches closely for the anticipated liquidity shift 💼 into digital assets.
$BTC
Analyst George from CryptosRUs predicts a Bitcoin boom to $500K by the end of 2025 due to a potential supply shock. Key factors include expected U.S. Federal Reserve interest rate cuts 💸 and Grayscale's ETF supply decrease 📉.
As Bitcoin recovers, trading at around $65,191, the market watches closely for the anticipated liquidity shift 💼 into digital assets.
$BTC
A Snapshot of Recent Whale Activity 🐋💹
FTM's Rally and Response: FTM saw a 5.20% price increase, yet a significant whale sold over 51,000 USDT worth, indicating a profit-taking strategy despite a bullish buy to sell ratio of 7:3 📉.
BOSON's Dip Buying: As BOSON dipped by 3.47%, a whale scooped up over 21,000 USDT, demonstrating confidence with a strong buy to sell ratio of 1.6:1 🛒.
NAVI's Navigated Purchase: NAVI's price descent of 3.76% attracted a whale's investment of over 38,000 USDT, another bullish signal with a buy to sell ratio of 2.9:1 🎣.
SUI and INJ's Substantial Buys: SUI witnessed a whale buy 46.57% of the trading volume, and INJ saw 33.60% of volume bought up, with buy to sell ratios of 14.9:1 and 1:1.3, respectively, indicating possible accumulation moves 📈.
The Big Picture: Selling the Rally vs. Buying the Dip
🔄Selling the Rally: LUNA, TLOS, and BCH saw their prices rise but whales chose to sell their holdings. This could be read as either taking profits in a rising market or skepticism about sustained growth 🤔.
Buying the Dip: Conversely, whales buying the dip, as seen with BOSON and NAVI, might suggest a belief in the asset's undervaluation or impending recovery 💰.
Massive Trades and Market Impact 💥
SOL's Short Strategy: A noteworthy strategy was observed with SOL where a whale went short by over 270,000 USDT, despite a 1.40% price increase, reflecting a bearish stance against market sentiment 📉.
FTM's Rally and Response: FTM saw a 5.20% price increase, yet a significant whale sold over 51,000 USDT worth, indicating a profit-taking strategy despite a bullish buy to sell ratio of 7:3 📉.
BOSON's Dip Buying: As BOSON dipped by 3.47%, a whale scooped up over 21,000 USDT, demonstrating confidence with a strong buy to sell ratio of 1.6:1 🛒.
NAVI's Navigated Purchase: NAVI's price descent of 3.76% attracted a whale's investment of over 38,000 USDT, another bullish signal with a buy to sell ratio of 2.9:1 🎣.
SUI and INJ's Substantial Buys: SUI witnessed a whale buy 46.57% of the trading volume, and INJ saw 33.60% of volume bought up, with buy to sell ratios of 14.9:1 and 1:1.3, respectively, indicating possible accumulation moves 📈.
The Big Picture: Selling the Rally vs. Buying the Dip
🔄Selling the Rally: LUNA, TLOS, and BCH saw their prices rise but whales chose to sell their holdings. This could be read as either taking profits in a rising market or skepticism about sustained growth 🤔.
Buying the Dip: Conversely, whales buying the dip, as seen with BOSON and NAVI, might suggest a belief in the asset's undervaluation or impending recovery 💰.
Massive Trades and Market Impact 💥
SOL's Short Strategy: A noteworthy strategy was observed with SOL where a whale went short by over 270,000 USDT, despite a 1.40% price increase, reflecting a bearish stance against market sentiment 📉.
$ETH
Vitalik Buterin, Ethereum's co-founder, has emphasized the importance of mainstream adoption for Ethereum within the next five years. 🕒 He's highlighted the role of stablecoins 🪙 and non-financial applications like social media and identity verification as key growth areas. 🌐 Recent upgrades have reduced Ethereum's fees, making it more competitive with low-cost networks. 📉 Vitalik also points to decentralized platforms and proof-of-personhood protocols as vital for Ethereum's broad adoption amid AI concerns. 🤖 He sees innovations like Verkle Trees and zk-SNARKs as pivotal for simplifying node operation. 🛠️
Vitalik Buterin, Ethereum's co-founder, has emphasized the importance of mainstream adoption for Ethereum within the next five years. 🕒 He's highlighted the role of stablecoins 🪙 and non-financial applications like social media and identity verification as key growth areas. 🌐 Recent upgrades have reduced Ethereum's fees, making it more competitive with low-cost networks. 📉 Vitalik also points to decentralized platforms and proof-of-personhood protocols as vital for Ethereum's broad adoption amid AI concerns. 🤖 He sees innovations like Verkle Trees and zk-SNARKs as pivotal for simplifying node operation. 🛠️
Historical Asset Seizures and the Case for Bitcoin as a Digital Store of Value 💼📈 $BTC
Throughout history, governments and regimes have expropriated wealth in various forms, often without compensation. These seizures, while contextually diverse, showcase a pattern of vulnerability for physical and traditional assets.
Notable Asset Seizures Across the Globe:
🌍Gold Reserve Act, 1934 (USA): Citizens were mandated to sell their gold to the Federal Reserve 🏦, highlighting the risks of government control over physical assets.
Land Reforms and Collectivization (Soviet Union, Late 1920s-1930s): Agricultural land 🌾 and livestock were seized for forced collectivization, leading to famine.
Cultural Revolution (China, 1966-1976): Properties of landlords and “counter-revolutionaries” were confiscated amidst political upheaval.
Iranian Revolution (Iran, 1979): Assets of the Shah and associates were seized following a regime change 🔄.
Zimbabwe Land Reforms (Early 2000s): Land from white farm owners was taken without compensation, a stark example of property rights being overridden.
Banking Crises and Bail-Ins (Various, e.g., Cyprus, 2013): Even bank deposits weren't immune, with partial seizures to stabilize the banking system during crises 💸.
Executive Order 9066, 1942 (USA): The internment of Japanese Americans led to the loss of properties and businesses.
The list continues with events from France, Russia, Germany, Cuba, Uganda, Venezuela, the Ottoman Empire, Egypt, and Indonesia, each demonstrating the fragility of asset ownership in the face of political and economic shifts.
Bitcoin: The Digital Safe Haven? 🔐In the wake of these historical precedents, Bitcoin presents itself as a modern solution to an age-old problem: how to preserve wealth securely.
Throughout history, governments and regimes have expropriated wealth in various forms, often without compensation. These seizures, while contextually diverse, showcase a pattern of vulnerability for physical and traditional assets.
Notable Asset Seizures Across the Globe:
🌍Gold Reserve Act, 1934 (USA): Citizens were mandated to sell their gold to the Federal Reserve 🏦, highlighting the risks of government control over physical assets.
Land Reforms and Collectivization (Soviet Union, Late 1920s-1930s): Agricultural land 🌾 and livestock were seized for forced collectivization, leading to famine.
Cultural Revolution (China, 1966-1976): Properties of landlords and “counter-revolutionaries” were confiscated amidst political upheaval.
Iranian Revolution (Iran, 1979): Assets of the Shah and associates were seized following a regime change 🔄.
Zimbabwe Land Reforms (Early 2000s): Land from white farm owners was taken without compensation, a stark example of property rights being overridden.
Banking Crises and Bail-Ins (Various, e.g., Cyprus, 2013): Even bank deposits weren't immune, with partial seizures to stabilize the banking system during crises 💸.
Executive Order 9066, 1942 (USA): The internment of Japanese Americans led to the loss of properties and businesses.
The list continues with events from France, Russia, Germany, Cuba, Uganda, Venezuela, the Ottoman Empire, Egypt, and Indonesia, each demonstrating the fragility of asset ownership in the face of political and economic shifts.
Bitcoin: The Digital Safe Haven? 🔐In the wake of these historical precedents, Bitcoin presents itself as a modern solution to an age-old problem: how to preserve wealth securely.
Bitcoin Halving Report: A Roller Coaster of Valuation 🎢 $BTC
Bitcoin's halving events have historically marked significant turning points for the cryptocurrency's value. Let's decode the patterns witnessed around these pivotal dates. 📅
## Pre and Post Halving Dynamics 🔄
- **Anticipation Builds Up**: Two years prior to the last halving, on May 11, 2018, Bitcoin was valued at $8,441. Fast forward to exactly one year before the halving, on May 11, 2019, the price slightly dipped to $7,204.
- **The Halving Effect Takes Hold**: On the halving day, May 11, 2020, the price stood at $8,400. Merely three days later, it leaped to $9,700, marking a 15% increase, debunking the myth that post-halving effects are delayed. 🚀
- **The Steady Climb 🧗**: 11 weeks subsequent to the halving, on August 2, 2020, the price had climbed to $12,000. The ascent didn't stop there, with the price reaching a head-spinning $63,821 by April 15, 2021.
## Reflections and Speculations 🔍
- **Expect the Unexpected**: Despite previous patterns, the path post-halving is not set in stone. While some users predicts an anti-climatic aftermath with potential dips, history shows that Bitcoin's trajectory can surprise us, with significant increases in the first week itself. 🎲
- **The Long-Term Wave**: Over the course of 9 months following the last halving, Bitcoin saw a meteoric rise from $8,400 to an astonishing $58,300. This showcases the potential long-term bullish impact halving can have on the market. 📈
## Concluding Thoughts 💭
It's clear that Bitcoin halvings are more than just a cut in miner rewards; they're events that ripple through the market, often bringing about a tide of change. Whether the past will be prologue or we'll venture into uncharted waters, only time will tell. ⏳
Remember, the crypto seas are unpredictable. Navigate wisely, and don't sail solely on historical winds. ⛵
Bitcoin's halving events have historically marked significant turning points for the cryptocurrency's value. Let's decode the patterns witnessed around these pivotal dates. 📅
## Pre and Post Halving Dynamics 🔄
- **Anticipation Builds Up**: Two years prior to the last halving, on May 11, 2018, Bitcoin was valued at $8,441. Fast forward to exactly one year before the halving, on May 11, 2019, the price slightly dipped to $7,204.
- **The Halving Effect Takes Hold**: On the halving day, May 11, 2020, the price stood at $8,400. Merely three days later, it leaped to $9,700, marking a 15% increase, debunking the myth that post-halving effects are delayed. 🚀
- **The Steady Climb 🧗**: 11 weeks subsequent to the halving, on August 2, 2020, the price had climbed to $12,000. The ascent didn't stop there, with the price reaching a head-spinning $63,821 by April 15, 2021.
## Reflections and Speculations 🔍
- **Expect the Unexpected**: Despite previous patterns, the path post-halving is not set in stone. While some users predicts an anti-climatic aftermath with potential dips, history shows that Bitcoin's trajectory can surprise us, with significant increases in the first week itself. 🎲
- **The Long-Term Wave**: Over the course of 9 months following the last halving, Bitcoin saw a meteoric rise from $8,400 to an astonishing $58,300. This showcases the potential long-term bullish impact halving can have on the market. 📈
## Concluding Thoughts 💭
It's clear that Bitcoin halvings are more than just a cut in miner rewards; they're events that ripple through the market, often bringing about a tide of change. Whether the past will be prologue or we'll venture into uncharted waters, only time will tell. ⏳
Remember, the crypto seas are unpredictable. Navigate wisely, and don't sail solely on historical winds. ⛵
🔍 Whale Watch Analysis: Latest Moves in the Crypto Seas 🌊
The crypto market's tides 🌐 are ever-shifting, and watching the whales 🐋 can reveal the currents beneath.
Let's dive into the latest movements from the last hour:
XRD's Trading Volume Surges ⬆️: At 01:40, a significant swell of 240.98% was observed in a whale's 10-minute trading volume with a buy to sell ratio of 1.6:1. This surge at a mere price of $0.07 suggests a big fish is scooping up XRD.
BNB's Volume Spike 🔥: Moments later, at 01:40, a colossal wave of trading volume for BNB crashed in, rising by 367.71%. With a buy to sell ratio of 1:30 and the price at a lofty $585.04, it's clear there's a whale of an appetite for BNB.
WIF and FLOKI Volume Drops Like a Stone 📉: At 01:50 and 01:40 respectively, these cryptos saw their whale volumes dive deeply, by over 95%. The buy to sell ratios (150.1:1 for WIF and 1:3 for FLOKI) are intriguing ripples that may signal diverse whale strategies.
DAO's Price Tide Rises as Whales Sell Off 🏊♂️: At 01:50, even as DAO's price crested by 5.22%, a whale made a splash, selling over 26,000 USDT of the asset. The buy to sell ratio of 1.5:1 suggests a strategic 'selling the rally' move.
FTM's Volume Skyrockets 🚀: A staggering volume increase of 448.02% for FTM at 01:50 reveals strong buying currents, with a buy to sell ratio of 1:2.5, hinting at potential uptrend waters ahead.
This snapshot of whale actions can shine a light on the deep-sea sentiments of the market, signaling where the titans of trade are casting their nets. Despite the insights, these splashes are just part of the ocean's vast ecosystem. Always navigate with care and do your own research before setting sail on your trading voyage.
The crypto market's tides 🌐 are ever-shifting, and watching the whales 🐋 can reveal the currents beneath.
Let's dive into the latest movements from the last hour:
XRD's Trading Volume Surges ⬆️: At 01:40, a significant swell of 240.98% was observed in a whale's 10-minute trading volume with a buy to sell ratio of 1.6:1. This surge at a mere price of $0.07 suggests a big fish is scooping up XRD.
BNB's Volume Spike 🔥: Moments later, at 01:40, a colossal wave of trading volume for BNB crashed in, rising by 367.71%. With a buy to sell ratio of 1:30 and the price at a lofty $585.04, it's clear there's a whale of an appetite for BNB.
WIF and FLOKI Volume Drops Like a Stone 📉: At 01:50 and 01:40 respectively, these cryptos saw their whale volumes dive deeply, by over 95%. The buy to sell ratios (150.1:1 for WIF and 1:3 for FLOKI) are intriguing ripples that may signal diverse whale strategies.
DAO's Price Tide Rises as Whales Sell Off 🏊♂️: At 01:50, even as DAO's price crested by 5.22%, a whale made a splash, selling over 26,000 USDT of the asset. The buy to sell ratio of 1.5:1 suggests a strategic 'selling the rally' move.
FTM's Volume Skyrockets 🚀: A staggering volume increase of 448.02% for FTM at 01:50 reveals strong buying currents, with a buy to sell ratio of 1:2.5, hinting at potential uptrend waters ahead.
This snapshot of whale actions can shine a light on the deep-sea sentiments of the market, signaling where the titans of trade are casting their nets. Despite the insights, these splashes are just part of the ocean's vast ecosystem. Always navigate with care and do your own research before setting sail on your trading voyage.
OKX, a big player in the crypto world 🌍, has decided to stop using Tether (USDT) in Europe 🚫💶, focusing more on the Euro due to upcoming EU rules 📜.
They're betting on USDC 🤝 and more Euro-related trading pairs to stay ahead. This change is a big deal because it shows how laws can shape the crypto landscape 🌐.
It's a reminder that in the crypto universe, staying flexible and compliant with regulations is key 🔑.
$USDC
They're betting on USDC 🤝 and more Euro-related trading pairs to stay ahead. This change is a big deal because it shows how laws can shape the crypto landscape 🌐.
It's a reminder that in the crypto universe, staying flexible and compliant with regulations is key 🔑.
$USDC
Exploring the ETF Impact on Bitcoin's Valuation 📈:
**August 2023**: Government defeat in ETF case sees Bitcoin at **$25.9k**.
**January 2024**: Post-ETF approval, Bitcoin's price climbs to **$44.3k**.
**March 2024**: A mere two months later, a surge to **$73.8k**.
The introduction of DOGE, LTC, & BCH futures on April 1st hints at a trendsetting future for ETFs. 🐕💎📊
$BTC $ETH $DOGE
**August 2023**: Government defeat in ETF case sees Bitcoin at **$25.9k**.
**January 2024**: Post-ETF approval, Bitcoin's price climbs to **$44.3k**.
**March 2024**: A mere two months later, a surge to **$73.8k**.
The introduction of DOGE, LTC, & BCH futures on April 1st hints at a trendsetting future for ETFs. 🐕💎📊
$BTC $ETH $DOGE
BlackRock 🏦 has launched a new real-world asset (RWA) tokenization fund on the Ethereum network 🌐, diving into the asset tokenization arena with a bang! 💥
They've made a strategic investment 💸 in the tokenization platform, Securitize, and partnered with big names like BNY Mellon for asset custody 🤝.
The fund, represented by BUIDL tokens, is backed by cash, U.S. Treasury bills, and repurchase agreements, offering daily yield payouts via blockchain to token holders 📈.
This move underscores the growing intersection of traditional finance and digital assets, marking BlackRock's deeper exploration into digital asset solutions 🚀.
$ETH
They've made a strategic investment 💸 in the tokenization platform, Securitize, and partnered with big names like BNY Mellon for asset custody 🤝.
The fund, represented by BUIDL tokens, is backed by cash, U.S. Treasury bills, and repurchase agreements, offering daily yield payouts via blockchain to token holders 📈.
This move underscores the growing intersection of traditional finance and digital assets, marking BlackRock's deeper exploration into digital asset solutions 🚀.
$ETH
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