LIVEEthan Oliver
@EthanOliver
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couple who mistakenly received $10 million from the Crypto.com exchange
A couple who mistakenly received $10 million from the Crypto.com exchange and chose to keep it have now been sentenced to jail. This situation underscores the consequences of dishonesty.
The incident occurred in May 2021 when Jatinder Singh attempted to deposit $100 into his Crypto.com account using his partner Thevamanogari Manivelâs bank account. Due to a significant error by a Crypto.com employee in Bulgaria, $10.47 million was refunded to Manivel instead of $100. The mistake stemmed from discrepancies in the account names, leading to the initial deposit rejection.
**Crypto.com Discovers the Mistake**
Crypto.com did not discover the error until December 2021, during an internal audit that revealed the missing funds. By this time, Singh and Manivel had already spent a large portion of the money on two homes, two blocks of land in Melbourne, and even gifted $1 million to a friend. Singh claimed he believed they had won an online raffle.
**Actions Taken and Arrests**
After realizing the mistake, Crypto.com contacted the Commonwealth Bank, which informed Manivel that the money needed to be returned. However, believing the message was a scam, Manivel transferred $4 million to her Malaysian bank account. In March 2022, police arrested her at Melbourne airport as she attempted to board a one-way flight to Malaysia with $11,000 in cash.
**Court Proceedings**
Singh pleaded guilty to the theft of $6.09 million and appeared in the Victorian County Court for a presentence hearing. His lawyer argued that Singh did not fully understand the gravity of his actions and was unaware that the funds came from a multinational company. Despite this, the prosecution pushed for a jail sentence, emphasizing the opportunistic nature of the crime.
**Manivelâs Charges and Bail**
Manivel faced charges of theft and negligently dealing with the proceeds of crime. She pleaded not guilty but was granted bail with strict conditions after spending over six months in custody. Her bail conditions included surrendering her passport and avoiding any points of departure.
**Sentencing and Recovery Efforts**
The court was informed that most of the money spent in Australia had been recovered, though the $4 million transferred to Malaysia remained outstanding. Crypto.com has launched legal action to recover the remaining funds, but the outcome of these efforts was not disclosed to the court. Manivel was sentenced to 209 days in prison, which was considered time already served, and received an 18-month community corrections order.
**Conclusion**
This case serves as a cautionary tale about the serious consequences of taking advantage of unexpected financial windfalls. It highlights the importance of verifying unexpected gains and understanding the legal implications of spending money that does not belong to you.
#Write2Earn!
The incident occurred in May 2021 when Jatinder Singh attempted to deposit $100 into his Crypto.com account using his partner Thevamanogari Manivelâs bank account. Due to a significant error by a Crypto.com employee in Bulgaria, $10.47 million was refunded to Manivel instead of $100. The mistake stemmed from discrepancies in the account names, leading to the initial deposit rejection.
**Crypto.com Discovers the Mistake**
Crypto.com did not discover the error until December 2021, during an internal audit that revealed the missing funds. By this time, Singh and Manivel had already spent a large portion of the money on two homes, two blocks of land in Melbourne, and even gifted $1 million to a friend. Singh claimed he believed they had won an online raffle.
**Actions Taken and Arrests**
After realizing the mistake, Crypto.com contacted the Commonwealth Bank, which informed Manivel that the money needed to be returned. However, believing the message was a scam, Manivel transferred $4 million to her Malaysian bank account. In March 2022, police arrested her at Melbourne airport as she attempted to board a one-way flight to Malaysia with $11,000 in cash.
**Court Proceedings**
Singh pleaded guilty to the theft of $6.09 million and appeared in the Victorian County Court for a presentence hearing. His lawyer argued that Singh did not fully understand the gravity of his actions and was unaware that the funds came from a multinational company. Despite this, the prosecution pushed for a jail sentence, emphasizing the opportunistic nature of the crime.
**Manivelâs Charges and Bail**
Manivel faced charges of theft and negligently dealing with the proceeds of crime. She pleaded not guilty but was granted bail with strict conditions after spending over six months in custody. Her bail conditions included surrendering her passport and avoiding any points of departure.
**Sentencing and Recovery Efforts**
The court was informed that most of the money spent in Australia had been recovered, though the $4 million transferred to Malaysia remained outstanding. Crypto.com has launched legal action to recover the remaining funds, but the outcome of these efforts was not disclosed to the court. Manivel was sentenced to 209 days in prison, which was considered time already served, and received an 18-month community corrections order.
**Conclusion**
This case serves as a cautionary tale about the serious consequences of taking advantage of unexpected financial windfalls. It highlights the importance of verifying unexpected gains and understanding the legal implications of spending money that does not belong to you.
#Write2Earn!
CARV is transforming the data landscape in gaming and AI by giving users control, ownership, and the opportunity to monetize their data. The CARV Protocol turns your data from a mere commodity into a valuable asset under your control. Prioritizing decentralization and privacy, CARV enables secure and seamless data exchange.
đ By introducing community-driven verifier nodes, CARV decentralizes data validation and security, making the platform more reliable and resilient. This approach empowers users to become active participants and stakeholders, directly benefiting from their contributions.
đ The upcoming Alphanet launch marks a significant step towards CARVâs fully decentralized mainnet. This launch will bolster security and prevent system exploitation, ensuring a fair and transparent data ecosystem for everyone.
đź With its innovative approach, CARV is poised to integrate high-quality games and applications, fostering collaboration and growth across various industries. The future of data is here, and CARV is at the forefront! Join the revolution today. #CARVingTheFutureOfData #Write2Earn! #BinanceWeb3Airdrops @CARV
đ By introducing community-driven verifier nodes, CARV decentralizes data validation and security, making the platform more reliable and resilient. This approach empowers users to become active participants and stakeholders, directly benefiting from their contributions.
đ The upcoming Alphanet launch marks a significant step towards CARVâs fully decentralized mainnet. This launch will bolster security and prevent system exploitation, ensuring a fair and transparent data ecosystem for everyone.
đź With its innovative approach, CARV is poised to integrate high-quality games and applications, fostering collaboration and growth across various industries. The future of data is here, and CARV is at the forefront! Join the revolution today. #CARVingTheFutureOfData #Write2Earn! #BinanceWeb3Airdrops @CARV
It took me four years in the crypto market to learn these lessons, and you only need two minutes to read them:
1. No matter how the market fluctuates, one thing remains constant: 8% of people will always share 21 million Bitcoins.
2. Mastering financial, capital, and risk management is far more critical than perfecting technical analysis or diving deep into crypto research.
3. There are many ways to earn passively in the crypto market; trading shouldn't be your only focus.
#Bitcoin has averaged over 100% annual growth for the past 15 years, yet so few people profit. Why? Because many enter the market with a get-rich-quick mentality. If you can't dedicate at least four hours daily to crypto, stick to buying only $BTC and Ethereumâ70% in BTC and 30% in $ETH . Trust no one but yourself. Trusting others often leads to hope, disappointment, and mistakes. Learn independently and take responsibility for your trading decisions.
The goal of investing is to enrich your life meaningfully. If your crypto gains do that, pursue it. If not, reconsider your approach. While crypto started as a tech innovation, it has become a financial market. Investing in this market with a purely tech mindset is challenging. Cryptocurrencies are increasingly linked to traditional financial markets, with macroeconomic factors playing a more significant role.
People donât question buying land, gold, or diamonds, but buying Bitcoin often sparks skepticism. Thatâs okayâby the time the masses accept it, the opportunity might have passed. Act while the opportunity is still there!
#Write2Earn! #BinanceTurns7 #BullBanter #altcoins $BTC
$ETH
1. No matter how the market fluctuates, one thing remains constant: 8% of people will always share 21 million Bitcoins.
2. Mastering financial, capital, and risk management is far more critical than perfecting technical analysis or diving deep into crypto research.
3. There are many ways to earn passively in the crypto market; trading shouldn't be your only focus.
#Bitcoin has averaged over 100% annual growth for the past 15 years, yet so few people profit. Why? Because many enter the market with a get-rich-quick mentality. If you can't dedicate at least four hours daily to crypto, stick to buying only $BTC and Ethereumâ70% in BTC and 30% in $ETH . Trust no one but yourself. Trusting others often leads to hope, disappointment, and mistakes. Learn independently and take responsibility for your trading decisions.
The goal of investing is to enrich your life meaningfully. If your crypto gains do that, pursue it. If not, reconsider your approach. While crypto started as a tech innovation, it has become a financial market. Investing in this market with a purely tech mindset is challenging. Cryptocurrencies are increasingly linked to traditional financial markets, with macroeconomic factors playing a more significant role.
People donât question buying land, gold, or diamonds, but buying Bitcoin often sparks skepticism. Thatâs okayâby the time the masses accept it, the opportunity might have passed. Act while the opportunity is still there!
#Write2Earn! #BinanceTurns7 #BullBanter #altcoins $BTC
$ETH
Hereâs why Bitcoin could potentially drop to $35,000, explained in simpler terms than the technical analysis youâve been seeing:
đŹ Market Cap Insight:
Currently, Bitcoinâs market cap is around $1.2 trillion. For Bitcoin to fall to $35,000, it would require approximately $500 billion to be pulled out of the market, bringing Bitcoinâs market cap down to around $682 billion.
Factors to Consider:
- U.S. Elections Impact:
The next U.S. election is approaching, and Donald Trump has been very bullish on Bitcoin. He spoke positively at a recent Bitcoin conference, discussing how the U.S. government might invest $10 billion into Bitcoin if he wins the election.
- Bitcoinâs Value as a Hedge:
Bitcoin is seen as a store of value and a hedge against inflation. Several countries are already bullish and buying Bitcoin, adding to its demand.
đ Market Dynamics:
- Limited Supply:
Itâs crucial to understand that Bitcoin has a limited supply, capped at 21 million. Plus, regular Bitcoin halvings and lost Bitcoins (those that can never be accessed because owners have lost their wallet keys) further restrict supply.
- Global Adoption:
In 2021, El Salvador made headlines by becoming the first country to adopt Bitcoin as legal tender. The government has purchased large amounts of Bitcoin, seeing it as a way to attract investment, promote financial inclusion, and reduce reliance on the U.S. dollar.
Remember: Bitcoin is unique. Itâs not Ethereum (ETH), Litecoin (LTC), Solana (SOL), XRP, or Binance Coin (BNB). Bitcoin stands alone as $BTC .
If you have any different views, feel free to share your thoughts in the comments section.
We invested a lot of time in this research, so weâd appreciate a like and a follow for more educational insights and analysis.
$BTC
$ETH
$BNB
#Write2Earn! #TONonBinance #BinanceHODLerBANANA #MarketDownturn
đŹ Market Cap Insight:
Currently, Bitcoinâs market cap is around $1.2 trillion. For Bitcoin to fall to $35,000, it would require approximately $500 billion to be pulled out of the market, bringing Bitcoinâs market cap down to around $682 billion.
Factors to Consider:
- U.S. Elections Impact:
The next U.S. election is approaching, and Donald Trump has been very bullish on Bitcoin. He spoke positively at a recent Bitcoin conference, discussing how the U.S. government might invest $10 billion into Bitcoin if he wins the election.
- Bitcoinâs Value as a Hedge:
Bitcoin is seen as a store of value and a hedge against inflation. Several countries are already bullish and buying Bitcoin, adding to its demand.
đ Market Dynamics:
- Limited Supply:
Itâs crucial to understand that Bitcoin has a limited supply, capped at 21 million. Plus, regular Bitcoin halvings and lost Bitcoins (those that can never be accessed because owners have lost their wallet keys) further restrict supply.
- Global Adoption:
In 2021, El Salvador made headlines by becoming the first country to adopt Bitcoin as legal tender. The government has purchased large amounts of Bitcoin, seeing it as a way to attract investment, promote financial inclusion, and reduce reliance on the U.S. dollar.
Remember: Bitcoin is unique. Itâs not Ethereum (ETH), Litecoin (LTC), Solana (SOL), XRP, or Binance Coin (BNB). Bitcoin stands alone as $BTC .
If you have any different views, feel free to share your thoughts in the comments section.
We invested a lot of time in this research, so weâd appreciate a like and a follow for more educational insights and analysis.
$BTC
$ETH
$BNB
#Write2Earn! #TONonBinance #BinanceHODLerBANANA #MarketDownturn
**Technical Analysis Report: BTC/USDT**
**Market Overview:**
Bitcoin experienced a dip, dropping to $59,457 before bouncing back. The current price is $60,117.02, reflecting a +0.80% increase.
- **Resistance:** $60,614.74
- **Support:** $59,535.00
**Trading Strategy:**
- **Long Trade:** Consider entering a long position above $60,614.74. Target prices are set at $61,194.12, $61,500.00, and $61,800.00, with a stop loss at $59,535.00.
- **Short Trade:** Consider entering a short position below $59,535.00. Target prices are set at $59,000.00, $58,750.00, and $58,500.00, with a stop loss at $60,614.74.
#BTCâ #Write2Earn! #MarketDownturn $BTC
$ETH
$BNB
#XRPVictory
**Market Overview:**
Bitcoin experienced a dip, dropping to $59,457 before bouncing back. The current price is $60,117.02, reflecting a +0.80% increase.
- **Resistance:** $60,614.74
- **Support:** $59,535.00
**Trading Strategy:**
- **Long Trade:** Consider entering a long position above $60,614.74. Target prices are set at $61,194.12, $61,500.00, and $61,800.00, with a stop loss at $59,535.00.
- **Short Trade:** Consider entering a short position below $59,535.00. Target prices are set at $59,000.00, $58,750.00, and $58,500.00, with a stop loss at $60,614.74.
#BTCâ #Write2Earn! #MarketDownturn $BTC
$ETH
$BNB
#XRPVictory
Understanding Cryptocurrency: Why Your Money Isnât Growing
A woman recently wondered why her $28 in Binance wasnât increasing in value. She had been led to believe that Bitcoin and other cryptocurrencies would grow over time, but mistakenly thought that USDT (a stablecoin) would work the same way. Understanding the different types of cryptocurrenciesâstablecoins, altcoins, and Bitcoinâis crucial.
- **Stablecoins like USDT** are designed to maintain a stable value, meaning they are not intended to increase over time. Their main purpose is to provide a stable alternative in the volatile world of cryptocurrencies.
- **Altcoins** are alternative cryptocurrencies to Bitcoin and are often just as volatile, offering potential gains but also significant risks.
- **Bitcoin** is highly volatile, meaning it can experience significant gains or losses.
- **Tokens, including meme coins or NFTs**, are also subject to high volatility and can be very risky.
If youâre holding money in USDT, donât expect it to grow unless youâre earning minimal rewards through specific programs. Stablecoins are meant to maintain a stable value, unlike other cryptocurrencies that can fluctuate but come with higher risks.
Now, why did your $28 in Binance USDT turn into $20 when you transferred it to your bank?
When you convert cryptocurrency to fiat (real money), platforms charge fees that can range from 0.1% to 10%, depending on the platform and the type of currency youâre converting. This means the amount you receive in your bank account will almost always be less than what you had initially in USDT.
These fees vary depending on the platform and the currency being sold, and in some cases, the person buying your cryptocurrency might also charge a commission. These fees are a standard part of trading in the cryptocurrency world and shouldnât cause alarm. Itâs just part of the process, so expect minor losses when converting to fiat. This doesnât mean you were cheatedâitâs just a normal part of trading.
$BTC
$ETH
$BNB
#Write2Earn! #CryptoBasics #MarketDownturn #BullBanter #XRPVictory
- **Stablecoins like USDT** are designed to maintain a stable value, meaning they are not intended to increase over time. Their main purpose is to provide a stable alternative in the volatile world of cryptocurrencies.
- **Altcoins** are alternative cryptocurrencies to Bitcoin and are often just as volatile, offering potential gains but also significant risks.
- **Bitcoin** is highly volatile, meaning it can experience significant gains or losses.
- **Tokens, including meme coins or NFTs**, are also subject to high volatility and can be very risky.
If youâre holding money in USDT, donât expect it to grow unless youâre earning minimal rewards through specific programs. Stablecoins are meant to maintain a stable value, unlike other cryptocurrencies that can fluctuate but come with higher risks.
Now, why did your $28 in Binance USDT turn into $20 when you transferred it to your bank?
When you convert cryptocurrency to fiat (real money), platforms charge fees that can range from 0.1% to 10%, depending on the platform and the type of currency youâre converting. This means the amount you receive in your bank account will almost always be less than what you had initially in USDT.
These fees vary depending on the platform and the currency being sold, and in some cases, the person buying your cryptocurrency might also charge a commission. These fees are a standard part of trading in the cryptocurrency world and shouldnât cause alarm. Itâs just part of the process, so expect minor losses when converting to fiat. This doesnât mean you were cheatedâitâs just a normal part of trading.
$BTC
$ETH
$BNB
#Write2Earn! #CryptoBasics #MarketDownturn #BullBanter #XRPVictory
Bitcoin is on its way to $100,000 faster than you think, but many might argue otherwise:
1. Bitcoin has dropped 33%, signaling the end of the bull run.
2. Big players like the German government, Mt. Gox, and FTX creditors are offloading their Bitcoin.
3. The Bank of Japanâs rate hikes will trigger a global market collapse.
However, hereâs what you might not know:
1. The German government has no Bitcoin left to sell, and Mt. Gox and FTX creditors arenât selling.
2. The Bank of Japan has halted further rate hikes.
3. The Fed is expected to cut rates in September, which could mean more liquidity in the market.
4. Cryptocurrency is becoming a hot topic in politics. Trump, Kennedy, and even Harris are getting on board.
5. Bitcoin is being discussed in the Senate, with Senator Lummis proposing a Strategic Bitcoin Reserve bill aiming to accumulate 1 million Bitcoin over the next five years.
6. Several states, including Oklahoma and Missouri, have passed bills to protect Bitcoin rights, with others like Ohio, South Carolina, and Tennessee considering similar legislation.
7. Institutions are buying up Bitcoin. MicroStrategy is raising $2 billion, Metaplanet is raising 10 billion Yen, and Semler Scientific is continually adding Bitcoin to its portfolio.
8. Bitcoin and Ethereum ETFs are thriving. The Bitcoin ETF has accumulated over $50 billion in on-chain holdings in just six months, and the Ethereum ETF has $6.6 billion within 12 trading days.
9. Over 700 institutions reported holding Bitcoin through Bitcoin ETF shares in Q1 2024.
10. Morgan Stanley is recommending Bitcoin ETFs to its wealthiest clients, with 15,000 financial advisors on board.
The world is beginning to embrace Bitcoin. If youâre still bearish, you might be too focused on the short term. Step back, zoom out, and see the bigger picture.
$BTC #TONonBinance #XRPVictory #MarketDownturn #Write2Earn!
1. Bitcoin has dropped 33%, signaling the end of the bull run.
2. Big players like the German government, Mt. Gox, and FTX creditors are offloading their Bitcoin.
3. The Bank of Japanâs rate hikes will trigger a global market collapse.
However, hereâs what you might not know:
1. The German government has no Bitcoin left to sell, and Mt. Gox and FTX creditors arenât selling.
2. The Bank of Japan has halted further rate hikes.
3. The Fed is expected to cut rates in September, which could mean more liquidity in the market.
4. Cryptocurrency is becoming a hot topic in politics. Trump, Kennedy, and even Harris are getting on board.
5. Bitcoin is being discussed in the Senate, with Senator Lummis proposing a Strategic Bitcoin Reserve bill aiming to accumulate 1 million Bitcoin over the next five years.
6. Several states, including Oklahoma and Missouri, have passed bills to protect Bitcoin rights, with others like Ohio, South Carolina, and Tennessee considering similar legislation.
7. Institutions are buying up Bitcoin. MicroStrategy is raising $2 billion, Metaplanet is raising 10 billion Yen, and Semler Scientific is continually adding Bitcoin to its portfolio.
8. Bitcoin and Ethereum ETFs are thriving. The Bitcoin ETF has accumulated over $50 billion in on-chain holdings in just six months, and the Ethereum ETF has $6.6 billion within 12 trading days.
9. Over 700 institutions reported holding Bitcoin through Bitcoin ETF shares in Q1 2024.
10. Morgan Stanley is recommending Bitcoin ETFs to its wealthiest clients, with 15,000 financial advisors on board.
The world is beginning to embrace Bitcoin. If youâre still bearish, you might be too focused on the short term. Step back, zoom out, and see the bigger picture.
$BTC #TONonBinance #XRPVictory #MarketDownturn #Write2Earn!
đŽđŽ ATTENTION TRADERS đŽđŽ
What is a Stop-Loss?
A stop-loss is a risk management tool used to limit potential losses in trading and investing, including cryptocurrencies.
đ **How Stop-Loss Works:**
1. Purchase a security at a specified price (e.g., USDT 100).
2. Set a stop-loss order at a lower price (e.g., USDT 90).
3. If the security's price drops to USDT 90, the stop-loss order activates, and the security is sold at the next available price.
đĄ **Purpose of Stop-Loss:**
- Limit potential losses
- Protect profits
- Automatically close positions when youâre not monitoring the market
đą **Important Note:**
- Stop-loss orders might not execute at the exact stop price due to market fluctuations.
- In volatile markets, the order might not be filled at the desired price.
- To address this risk, consider:
- Using multiple stop-loss orders at different price levels.
- Implementing stop-limit orders, which specify a limit price for the sale.
- Utilizing trailing stop-loss orders, which adjust the stop price as the market moves.
đ” **Common Issues:**
- Orders not executing at the preferred price due to market volatility.
- Orders being triggered too early or too late.
đŁ **Strategies to Manage Volatility:**
- Place multiple stop-loss orders at various price points.
- Set stop-loss orders at a sensible distance from the current market price.
- Regularly review market conditions and adjust stop-loss orders as needed.
â«ïž **Stop-Limit Order:**
- A stop-limit order combines a stop-loss order with a limit order.
- It allows you to set a precise limit price for the sale, ensuring itâs executed at a price youâre comfortable with.
âȘ **Example:**
- Buy a security at USDT 100.
- Set a stop-loss order at USDT 90.
- Set a limit price at USDT 89.
- If the price drops to USDT 90, the stop-loss order activates and the security is sold at USDT 89 (if available).
$BTC
$ETH
$BNB
#BlackRockETHOptions #RoninBridgeAlert #MarketDownturn #BinanceTurns7 #Write2Earn!
What is a Stop-Loss?
A stop-loss is a risk management tool used to limit potential losses in trading and investing, including cryptocurrencies.
đ **How Stop-Loss Works:**
1. Purchase a security at a specified price (e.g., USDT 100).
2. Set a stop-loss order at a lower price (e.g., USDT 90).
3. If the security's price drops to USDT 90, the stop-loss order activates, and the security is sold at the next available price.
đĄ **Purpose of Stop-Loss:**
- Limit potential losses
- Protect profits
- Automatically close positions when youâre not monitoring the market
đą **Important Note:**
- Stop-loss orders might not execute at the exact stop price due to market fluctuations.
- In volatile markets, the order might not be filled at the desired price.
- To address this risk, consider:
- Using multiple stop-loss orders at different price levels.
- Implementing stop-limit orders, which specify a limit price for the sale.
- Utilizing trailing stop-loss orders, which adjust the stop price as the market moves.
đ” **Common Issues:**
- Orders not executing at the preferred price due to market volatility.
- Orders being triggered too early or too late.
đŁ **Strategies to Manage Volatility:**
- Place multiple stop-loss orders at various price points.
- Set stop-loss orders at a sensible distance from the current market price.
- Regularly review market conditions and adjust stop-loss orders as needed.
â«ïž **Stop-Limit Order:**
- A stop-limit order combines a stop-loss order with a limit order.
- It allows you to set a precise limit price for the sale, ensuring itâs executed at a price youâre comfortable with.
âȘ **Example:**
- Buy a security at USDT 100.
- Set a stop-loss order at USDT 90.
- Set a limit price at USDT 89.
- If the price drops to USDT 90, the stop-loss order activates and the security is sold at USDT 89 (if available).
$BTC
$ETH
$BNB
#BlackRockETHOptions #RoninBridgeAlert #MarketDownturn #BinanceTurns7 #Write2Earn!
The first real-world transaction using Bitcoin (#BTC) occurred on May 22, 2010, when programmer Laszlo Hanyecz spent 10,000 BTC to buy two pizzas. This day is now celebrated annually as Bitcoin Pizza Day. At todayâs prices, those 10,000 Bitcoins would be valued at over $300 million, making it one of the most expensive pizzas ever purchased. This story has become a legend in the crypto community, highlighting both Bitcoinâs modest beginnings and its extraordinary value growth.
Learn and earn with us! :)
#xmucan #BTCâ #Write2Earn!
Learn and earn with us! :)
#xmucan #BTCâ #Write2Earn!
BREAKING NEWS FROM TRUMP đșđž
Eric Trump has hinted that his father, Donald Trump, is about to make a major announcement related to crypto and DeFi, stating: "I really love Crypto/DeFi. Stay tuned for a big announcement."
Additionally, Elon Musk is scheduled to interview Donald Trump on Monday night, with cryptocurrencies expected to be a key topic. đđ„
This could be a game-changerâstay tuned for updates! đ„đ
Your generous tip helps us provide top-tier investment advice. â€
$BTC
$ETH
$BNB
#Write2Earn! #MarketDownturn #BinanceSquareFamily #CryptoNewss #MarketWatch2023
Eric Trump has hinted that his father, Donald Trump, is about to make a major announcement related to crypto and DeFi, stating: "I really love Crypto/DeFi. Stay tuned for a big announcement."
Additionally, Elon Musk is scheduled to interview Donald Trump on Monday night, with cryptocurrencies expected to be a key topic. đđ„
This could be a game-changerâstay tuned for updates! đ„đ
Your generous tip helps us provide top-tier investment advice. â€
$BTC
$ETH
$BNB
#Write2Earn! #MarketDownturn #BinanceSquareFamily #CryptoNewss #MarketWatch2023
Date given: Elon Musk and Donald Trump will make 'an important interview'
Donald Trump announced that they will have an interview with Elon Musk on Monday night. In the interview, the issue of cryptocurrency is also expected to be opened.
US presidential candidate Donald Trump announced that they will hold an interview with social media platform Elon Musk. According to the statement, the interview, which is expected to be on the agenda of cryptocurrencies, will be held on Monday night.
Musk had announced his open support for Trump following the assassination attempt. The billionaire name said, "He supports President Trump to the fullest and wish him a recovery as soon as possible." On the other hand, it was claimed that Musk started to advise Trump on cryptocurrencies in May.
Trump, on the other hand, continues his positive messages about cryptocurrencies in his election campaign. The presidential candidate was a guest of Adin Ross on the Kick platform last night and said, âThe US should not fall back in the crypto field. Look, China is coming. The same is the case with artificial intelligence... The number 1 in this business is artificial intelligence. Cryptocurrencies are also very important. I met smart and good people in this field. They do really good work. Each area has its own positive and negative sides. We should benefit from crypto as the US. Again, I say. 'If we don't, China will do it.' used the phrases.
#donaldtrump #elonmusk #USACryptoTrends #Write2Earn! #BTCâ
Donald Trump announced that they will have an interview with Elon Musk on Monday night. In the interview, the issue of cryptocurrency is also expected to be opened.
US presidential candidate Donald Trump announced that they will hold an interview with social media platform Elon Musk. According to the statement, the interview, which is expected to be on the agenda of cryptocurrencies, will be held on Monday night.
Musk had announced his open support for Trump following the assassination attempt. The billionaire name said, "He supports President Trump to the fullest and wish him a recovery as soon as possible." On the other hand, it was claimed that Musk started to advise Trump on cryptocurrencies in May.
Trump, on the other hand, continues his positive messages about cryptocurrencies in his election campaign. The presidential candidate was a guest of Adin Ross on the Kick platform last night and said, âThe US should not fall back in the crypto field. Look, China is coming. The same is the case with artificial intelligence... The number 1 in this business is artificial intelligence. Cryptocurrencies are also very important. I met smart and good people in this field. They do really good work. Each area has its own positive and negative sides. We should benefit from crypto as the US. Again, I say. 'If we don't, China will do it.' used the phrases.
#donaldtrump #elonmusk #USACryptoTrends #Write2Earn! #BTCâ
Donât be misled by the temporary market surge. Itâs likely an attempt by institutional whales to create FOMO and mislead investors, especially those who quickly sold for a profit last Friday. August might turn out to be the worst month of this so-called post-halving bull runâif it can even be called that. The next downturn could be more severe than what weâve just experienced.
Be wary and cautious. The factors contributing to the recent decline are still present: the Japanese stock marketâs issues, rising interest rates, ongoing geopolitical tensions in the Middle East, rising unemployment, and record-high inflation. A single green day in the crypto market doesnât resolve these problemsâtheyâre still very much in play.
I recommend staying out of the market right now. Let the whales play their games without getting caught up in their tactics. This is my personal opinion and not financial advice, though Iâve consistently been accurate in predicting market movements.
Be wary and cautious. The factors contributing to the recent decline are still present: the Japanese stock marketâs issues, rising interest rates, ongoing geopolitical tensions in the Middle East, rising unemployment, and record-high inflation. A single green day in the crypto market doesnât resolve these problemsâtheyâre still very much in play.
I recommend staying out of the market right now. Let the whales play their games without getting caught up in their tactics. This is my personal opinion and not financial advice, though Iâve consistently been accurate in predicting market movements.
In light of the current macroeconomic conditions and yesterday's market decline, Binance experienced a net inflow of $1.2 billion in the past 24 hours, as reported by @DefiLlama 's CEX Transparency metrics.
This represents one of the highest net inflow days of 2024, signaling robust investor confidence.
Additionally,
Binance recorded some of its highest trading volumes of the year yesterday.
We are now seeing a rebound in major token prices, with current market trends supporting this recovery.
#Write2Earn! #BTCâ
$BTC
$ETH
$BNB
This represents one of the highest net inflow days of 2024, signaling robust investor confidence.
Additionally,
Binance recorded some of its highest trading volumes of the year yesterday.
We are now seeing a rebound in major token prices, with current market trends supporting this recovery.
#Write2Earn! #BTCâ
$BTC
$ETH
$BNB
There are two significant bearish scenarios suggesting that Bitcoin (BTC) may face a further retracement.
First,
Warren Buffett's decision to cash out in 2020 before the COVID crash and his similar action recently could indicate a potential downturn. Second, the daily time frame is approaching a death cross, which often signals bearish momentum. If Bitcoin fails to reclaim $63k in the coming days and the ongoing Israel-Iran conflict intensifies, we might see $BTC drop to $40k or even lower. This is my first bearish outlook, and while it's unsettling, it's a possibility that shouldn't be ignored.
#Write2Earn! #BTCMarketPanic #MarketDownturn
$ETH $BNB
First,
Warren Buffett's decision to cash out in 2020 before the COVID crash and his similar action recently could indicate a potential downturn. Second, the daily time frame is approaching a death cross, which often signals bearish momentum. If Bitcoin fails to reclaim $63k in the coming days and the ongoing Israel-Iran conflict intensifies, we might see $BTC drop to $40k or even lower. This is my first bearish outlook, and while it's unsettling, it's a possibility that shouldn't be ignored.
#Write2Earn! #BTCMarketPanic #MarketDownturn
$ETH $BNB
LIVELIVEEthan Oliver
--
btc be like on days
In the world of cryptocurrency trading,
In the world of cryptocurrency trading, it's a common practice for many traders to rely heavily on technical analysis to predict market movements. Charts, lines, and various technical indicators are frequently used tools, but it's crucial to understand that these methods have their limitations. While they can provide insights based on historical data and patterns, they don't account for fundamental factors that drive market changes.
Letâs take a closer look at why relying solely on technical analysis can be misleading, particularly in the context of major cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), and Ethereum (ETH).
### The Limitations of Technical Analysis
Technical analysis involves examining price charts and using various indicators to forecast future price movements. Traders often draw trend lines, identify chart patterns, and apply technical indicators like moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) to make predictions. While these tools can be useful in certain contexts, they have significant limitations.
1. Historical Data Dependency: Technical analysis is based on past price movements and trading volumes. It assumes that historical price patterns will repeat themselves, but it does not account for unprecedented events or changes in market conditions. For instance, a sudden regulatory crackdown or a major technological breakthrough in blockchain technology could disrupt established patterns.
2. Ignoring Market Fundamentals: Charts and technical indicators focus on price action and volume but often ignore the fundamental factors influencing the market. These fundamentals include supply and demand dynamics, regulatory news, macroeconomic trends, and investor sentiment. Without considering these elements, technical analysis can miss critical factors that drive price changes.
3. Human Behavior and Market Psychology: Technical analysis cannot fully capture the psychological aspects of trading. Market sentiment, driven by news, rumors, and investor emotions, can lead to price movements that deviate from historical patterns. For example, fear, greed, and speculation can cause sudden and dramatic shifts in the market that charts alone cannot predict.
### The Role of Fundamental Factors
To understand why cryptocurrencies might experience significant price changes, itâs important to consider fundamental factors that go beyond technical analysis. Letâs explore some of these factors in the context of major cryptocurrencies.
1. Supply and Demand Dynamics: One of the key fundamentals affecting cryptocurrency prices is supply and demand. Bitcoin, for instance, has a fixed supply cap of 21 million coins. This limited supply creates scarcity, which can drive up prices if demand remains strong. Conversely, if there is a significant increase in selling pressure from large holders (often referred to as "whales"), it can lead to price declines, regardless of what technical indicators suggest.
2. Market Sentiment and Investor Behavior: The actions of whales, institutional investors, and large-scale traders play a crucial role in determining cryptocurrency prices. When these entities decide to buy or sell in large volumes, their actions can have a substantial impact on market prices. For example, a wave of institutional investment can drive prices up, while a coordinated sell-off can lead to sharp declines. Technical analysis alone cannot predict these large-scale moves.
3. Regulatory Developments: Regulatory news and government policies can significantly influence cryptocurrency markets. Announcements regarding legal frameworks, taxation, and regulatory crackdowns can affect investor confidence and market behavior. A favorable regulatory environment might attract more investment, while restrictive policies could lead to price declines. Technical analysis does not account for these external factors.
4. Technological Advancements: Innovations and technological advancements in blockchain technology can impact cryptocurrency values. For example, improvements in scalability, security, and functionality can enhance the utility and adoption of a cryptocurrency, leading to price increases. Conversely, technological vulnerabilities or failed upgrades can have the opposite effect.
5. Global Economic Factors: Broader economic conditions, including inflation, interest rates, and economic crises, can influence cryptocurrency markets. Cryptocurrencies are often seen as a hedge against inflation and economic instability, so changes in the global economic landscape can affect their prices. Technical analysis alone cannot capture these macroeconomic influences.
### The Case of Bitcoin and Other Major Cryptocurrencies
To illustrate how fundamental factors can drive cryptocurrency prices, letâs consider the major cryptocurrencies mentioned: Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), and Ethereum (ETH).
1. Bitcoin (BTC): Bitcoin is the pioneer of the cryptocurrency space and is often considered a store of value or âdigital gold.â Its price is influenced by supply and demand dynamics, macroeconomic factors, regulatory developments, and institutional investment. For example, when Bitcoin was approaching $40,000, it was not solely due to technical indicators. Instead, it was influenced by market sentiment, large-scale selling by whales, and broader economic factors.
2. Binance Coin (BNB): Binance Coin, associated with the Binance exchange, is used for various purposes within the Binance ecosystem. Its price is affected by the growth and success of the Binance platform, including trading volumes, new product launches, and regulatory news. BNBâs value can fluctuate based on developments within the Binance ecosystem and broader market trends.
3. Solana (SOL): Solana is known for its high-performance blockchain platform designed for decentralized applications. Its price can be influenced by technological advancements, network adoption, and competition with other blockchain platforms. For instance, technological upgrades or partnerships can drive interest and investment in Solana, impacting its price.
4. Ethereum (ETH): Ethereum is the leading smart contract platform and has a significant role in the decentralized finance (DeFi) and non-fungible token (NFT) spaces. Its price is affected by network upgrades (like Ethereum 2.0), changes in gas fees, and the growth of DeFi applications. Ethereumâs value can rise or fall based on its technological developments and the overall health of the DeFi ecosystem.
### Conclusion
While technical analysis can be a valuable tool for understanding historical price movements and market trends, it has limitations when it comes to predicting future price changes. Fundamental factors such as supply and demand dynamics, market sentiment, regulatory developments, technological advancements, and global economic conditions play a crucial role in shaping cryptocurrency prices.
If Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), or Ethereum (ETH) were to experience significant price changes, it would likely be due to these fundamental factors rather than just the technical lines drawn on a chart. Understanding these underlying factors can provide a more comprehensive view of the market and lead to better trading decisions.
As you navigate the world of cryptocurrency trading, remember that technical analysis is just one part of the puzzle. Staying informed about fundamental developments and market trends can help you make more informed and strategic decisions. Share this message to spread awareness and help others understand the broader context of cryptocurrency trading. Knowledge of both technical and fundamental aspects can enhance your trading strategies and potentially lead to better financial outcomes.
Learn and profit with us today!
$BTC $ETH $BNB
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #BTCâ #Write2Earn!
Letâs take a closer look at why relying solely on technical analysis can be misleading, particularly in the context of major cryptocurrencies like Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), and Ethereum (ETH).
### The Limitations of Technical Analysis
Technical analysis involves examining price charts and using various indicators to forecast future price movements. Traders often draw trend lines, identify chart patterns, and apply technical indicators like moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) to make predictions. While these tools can be useful in certain contexts, they have significant limitations.
1. Historical Data Dependency: Technical analysis is based on past price movements and trading volumes. It assumes that historical price patterns will repeat themselves, but it does not account for unprecedented events or changes in market conditions. For instance, a sudden regulatory crackdown or a major technological breakthrough in blockchain technology could disrupt established patterns.
2. Ignoring Market Fundamentals: Charts and technical indicators focus on price action and volume but often ignore the fundamental factors influencing the market. These fundamentals include supply and demand dynamics, regulatory news, macroeconomic trends, and investor sentiment. Without considering these elements, technical analysis can miss critical factors that drive price changes.
3. Human Behavior and Market Psychology: Technical analysis cannot fully capture the psychological aspects of trading. Market sentiment, driven by news, rumors, and investor emotions, can lead to price movements that deviate from historical patterns. For example, fear, greed, and speculation can cause sudden and dramatic shifts in the market that charts alone cannot predict.
### The Role of Fundamental Factors
To understand why cryptocurrencies might experience significant price changes, itâs important to consider fundamental factors that go beyond technical analysis. Letâs explore some of these factors in the context of major cryptocurrencies.
1. Supply and Demand Dynamics: One of the key fundamentals affecting cryptocurrency prices is supply and demand. Bitcoin, for instance, has a fixed supply cap of 21 million coins. This limited supply creates scarcity, which can drive up prices if demand remains strong. Conversely, if there is a significant increase in selling pressure from large holders (often referred to as "whales"), it can lead to price declines, regardless of what technical indicators suggest.
2. Market Sentiment and Investor Behavior: The actions of whales, institutional investors, and large-scale traders play a crucial role in determining cryptocurrency prices. When these entities decide to buy or sell in large volumes, their actions can have a substantial impact on market prices. For example, a wave of institutional investment can drive prices up, while a coordinated sell-off can lead to sharp declines. Technical analysis alone cannot predict these large-scale moves.
3. Regulatory Developments: Regulatory news and government policies can significantly influence cryptocurrency markets. Announcements regarding legal frameworks, taxation, and regulatory crackdowns can affect investor confidence and market behavior. A favorable regulatory environment might attract more investment, while restrictive policies could lead to price declines. Technical analysis does not account for these external factors.
4. Technological Advancements: Innovations and technological advancements in blockchain technology can impact cryptocurrency values. For example, improvements in scalability, security, and functionality can enhance the utility and adoption of a cryptocurrency, leading to price increases. Conversely, technological vulnerabilities or failed upgrades can have the opposite effect.
5. Global Economic Factors: Broader economic conditions, including inflation, interest rates, and economic crises, can influence cryptocurrency markets. Cryptocurrencies are often seen as a hedge against inflation and economic instability, so changes in the global economic landscape can affect their prices. Technical analysis alone cannot capture these macroeconomic influences.
### The Case of Bitcoin and Other Major Cryptocurrencies
To illustrate how fundamental factors can drive cryptocurrency prices, letâs consider the major cryptocurrencies mentioned: Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), and Ethereum (ETH).
1. Bitcoin (BTC): Bitcoin is the pioneer of the cryptocurrency space and is often considered a store of value or âdigital gold.â Its price is influenced by supply and demand dynamics, macroeconomic factors, regulatory developments, and institutional investment. For example, when Bitcoin was approaching $40,000, it was not solely due to technical indicators. Instead, it was influenced by market sentiment, large-scale selling by whales, and broader economic factors.
2. Binance Coin (BNB): Binance Coin, associated with the Binance exchange, is used for various purposes within the Binance ecosystem. Its price is affected by the growth and success of the Binance platform, including trading volumes, new product launches, and regulatory news. BNBâs value can fluctuate based on developments within the Binance ecosystem and broader market trends.
3. Solana (SOL): Solana is known for its high-performance blockchain platform designed for decentralized applications. Its price can be influenced by technological advancements, network adoption, and competition with other blockchain platforms. For instance, technological upgrades or partnerships can drive interest and investment in Solana, impacting its price.
4. Ethereum (ETH): Ethereum is the leading smart contract platform and has a significant role in the decentralized finance (DeFi) and non-fungible token (NFT) spaces. Its price is affected by network upgrades (like Ethereum 2.0), changes in gas fees, and the growth of DeFi applications. Ethereumâs value can rise or fall based on its technological developments and the overall health of the DeFi ecosystem.
### Conclusion
While technical analysis can be a valuable tool for understanding historical price movements and market trends, it has limitations when it comes to predicting future price changes. Fundamental factors such as supply and demand dynamics, market sentiment, regulatory developments, technological advancements, and global economic conditions play a crucial role in shaping cryptocurrency prices.
If Bitcoin (BTC), Binance Coin (BNB), Solana (SOL), or Ethereum (ETH) were to experience significant price changes, it would likely be due to these fundamental factors rather than just the technical lines drawn on a chart. Understanding these underlying factors can provide a more comprehensive view of the market and lead to better trading decisions.
As you navigate the world of cryptocurrency trading, remember that technical analysis is just one part of the puzzle. Staying informed about fundamental developments and market trends can help you make more informed and strategic decisions. Share this message to spread awareness and help others understand the broader context of cryptocurrency trading. Knowledge of both technical and fundamental aspects can enhance your trading strategies and potentially lead to better financial outcomes.
Learn and profit with us today!
$BTC $ETH $BNB
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #BTCâ #Write2Earn!
$XRP
Potential: Analyst Predicts Monumental Gains
In a recent discussion on *The Aggressively Average Podcast*, renowned analyst CrediBULL Crypto shared bold predictions about XRP's future. According to CrediBULL, XRP does not need to replicate its extraordinary 100,000% rally from 2015 to 2017 to achieve significant gains. Instead, a 100X or 200X increase would be just as remarkable.
CrediBULL addressed questions about when XRP might break out of its prolonged low-price phase. He suggested that XRP is nearing a pivotal moment, with the potential for substantial upward movement. While he acknowledged that replicating the previous 100,000% gain is improbable, he believes a 100X or 200X increase would still be "insane" in the current bull market.
The analyst explained that the period of consolidation from XRP's 2018 highs to the present has created a strong foundation. This prolonged consolidation phase has reduced volatility and set the stage for a significant expansion. Drawing parallels to the 2017 surge, which followed four years of consolidation, CrediBULL highlighted that such periods of stability often precede major price movements.
In summary, while the percentage gains from a potential future rally may be lower compared to past performances, XRPâs current consolidation phase sets the stage for potentially massive returns.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #XRPGoal #Write2Earn!
Potential: Analyst Predicts Monumental Gains
In a recent discussion on *The Aggressively Average Podcast*, renowned analyst CrediBULL Crypto shared bold predictions about XRP's future. According to CrediBULL, XRP does not need to replicate its extraordinary 100,000% rally from 2015 to 2017 to achieve significant gains. Instead, a 100X or 200X increase would be just as remarkable.
CrediBULL addressed questions about when XRP might break out of its prolonged low-price phase. He suggested that XRP is nearing a pivotal moment, with the potential for substantial upward movement. While he acknowledged that replicating the previous 100,000% gain is improbable, he believes a 100X or 200X increase would still be "insane" in the current bull market.
The analyst explained that the period of consolidation from XRP's 2018 highs to the present has created a strong foundation. This prolonged consolidation phase has reduced volatility and set the stage for a significant expansion. Drawing parallels to the 2017 surge, which followed four years of consolidation, CrediBULL highlighted that such periods of stability often precede major price movements.
In summary, while the percentage gains from a potential future rally may be lower compared to past performances, XRPâs current consolidation phase sets the stage for potentially massive returns.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #XRPGoal #Write2Earn!
Market Alert: Bitcoin's Volatile Weekend and the Impact of Global Monetary Policy
Friday's market upheaval was far from a typical end-of-week event, and the volatility continued into the weekend. As Asian markets opened on Sunday night, the Japanese Yen's unexpected strengthening triggered a dramatic reaction in global financial markets. By early Monday morning, Bitcoin, the leading cryptocurrency, saw its value plunge to $49,000. However, the decline was short-lived. Savvy investors quickly capitalized on this dip, driving Bitcoin's price back up to approximately $54,000.
This sudden fluctuation underscores the ongoing drama in global monetary policy. Japan, grappling with a colossal debt-to-GDP ratio that exceeds 260%, has been compelled to implement two modest interest rate hikes this year. These increases, while seemingly minor, pose significant challenges for Japan's economic stability over the long term. At the same time, speculation in the United States has intensified around the potential for an emergency rate cut by the Federal Reserve. The probability of such a move has surged from a mere 11% to 83% within just a week.
For Bitcoin, which thrives on predictable and stable monetary policies, the current instability in fiat currencies only enhances its appeal. Bitcoinâs value proposition as a decentralized and resilient asset becomes particularly attractive in times of financial uncertainty.
Amidst the financial turmoil, Bitcoin's network has demonstrated its robustness. On Monday, major stock trading platforms such as Schwab, Vanguard, and Robinhood experienced significant outages, leaving many investors stranded and unable to access their portfolios. In contrast, Bitcoinâs network, with a remarkable 99.98% uptime since 2013, continued to operate seamlessly. This reliability highlights Bitcoin's strength as a dependable store of value, accessible around the clock regardless of market disruptions.
Stay tuned for further updates and detailed information on these developments. Thank you for following.
$BTC #BTCMarketPanic #BTCâ
Friday's market upheaval was far from a typical end-of-week event, and the volatility continued into the weekend. As Asian markets opened on Sunday night, the Japanese Yen's unexpected strengthening triggered a dramatic reaction in global financial markets. By early Monday morning, Bitcoin, the leading cryptocurrency, saw its value plunge to $49,000. However, the decline was short-lived. Savvy investors quickly capitalized on this dip, driving Bitcoin's price back up to approximately $54,000.
This sudden fluctuation underscores the ongoing drama in global monetary policy. Japan, grappling with a colossal debt-to-GDP ratio that exceeds 260%, has been compelled to implement two modest interest rate hikes this year. These increases, while seemingly minor, pose significant challenges for Japan's economic stability over the long term. At the same time, speculation in the United States has intensified around the potential for an emergency rate cut by the Federal Reserve. The probability of such a move has surged from a mere 11% to 83% within just a week.
For Bitcoin, which thrives on predictable and stable monetary policies, the current instability in fiat currencies only enhances its appeal. Bitcoinâs value proposition as a decentralized and resilient asset becomes particularly attractive in times of financial uncertainty.
Amidst the financial turmoil, Bitcoin's network has demonstrated its robustness. On Monday, major stock trading platforms such as Schwab, Vanguard, and Robinhood experienced significant outages, leaving many investors stranded and unable to access their portfolios. In contrast, Bitcoinâs network, with a remarkable 99.98% uptime since 2013, continued to operate seamlessly. This reliability highlights Bitcoin's strength as a dependable store of value, accessible around the clock regardless of market disruptions.
Stay tuned for further updates and detailed information on these developments. Thank you for following.
$BTC #BTCMarketPanic #BTCâ
This Time, It's Different â The Market Will Not Collapse, and Bitcoin Will Not Go to Zero
Itâs easy to feel like the market is on the brink of collapse on days like these, but such fears are often overstated. While today's market conditions may seem dire, they are not unprecedented, and Bitcoin and other cryptocurrencies will still be here tomorrow.
Historical Bitcoin charts reveal numerous instances of severe declines, and it's likely you can't recall the reasons for most of these dips. For example, during the last bull run, Bitcoin experienced a dramatic drop of over 50% within just seven days. Can anyone remember the cause? Probably not. Yet, just six months later, Bitcoin achieved a new all-time high, and many altcoins followed suit.
This doesn't mean the market can't decline furtherâit certainly can. However, the market will eventually hit a bottom and recover, whether in a few months or weeks. The timing is unpredictable.
For those holding non-leveraged investments, the best course of action may be to step away from the charts, enjoy the summer, and return in a few weeks or months. If you have some fiat available, consider dollar-cost averaging (DCA) gradually once the worst is over.
#BTC #Bitcoinâ #Write2Earn!
Itâs easy to feel like the market is on the brink of collapse on days like these, but such fears are often overstated. While today's market conditions may seem dire, they are not unprecedented, and Bitcoin and other cryptocurrencies will still be here tomorrow.
Historical Bitcoin charts reveal numerous instances of severe declines, and it's likely you can't recall the reasons for most of these dips. For example, during the last bull run, Bitcoin experienced a dramatic drop of over 50% within just seven days. Can anyone remember the cause? Probably not. Yet, just six months later, Bitcoin achieved a new all-time high, and many altcoins followed suit.
This doesn't mean the market can't decline furtherâit certainly can. However, the market will eventually hit a bottom and recover, whether in a few months or weeks. The timing is unpredictable.
For those holding non-leveraged investments, the best course of action may be to step away from the charts, enjoy the summer, and return in a few weeks or months. If you have some fiat available, consider dollar-cost averaging (DCA) gradually once the worst is over.
#BTC #Bitcoinâ #Write2Earn!
Get Ready for TAURUS: The Cycle Continues
As TAURUS approaches, expect no delays in the unfolding financial drama. The ongoing tension between the Federal Reserve and market forces is part of a well-established cycle. Historically, the bull run tends to start after a halving event.
Recall the 2017 bull cycle when Bitcoin skyrocketed from $1,000 to $20,000 following the Fed's decision to raise interest rates. The market dynamics are driven largely by stock market algorithms rather than individual investors. As prices climb, investor enthusiasm increases, leading to more purchases. At the peak, these algorithms sell off to small investors, marking the onset of a bear market.
We are currently witnessing the final fluctuations before TAURUS makes its entrance. Patience is key; the moment for significant gains is approaching.
#BTCMarketPanic #MarketDownturn #Write2Earn! #BTCMarketPanic #BinanceTurns7
As TAURUS approaches, expect no delays in the unfolding financial drama. The ongoing tension between the Federal Reserve and market forces is part of a well-established cycle. Historically, the bull run tends to start after a halving event.
Recall the 2017 bull cycle when Bitcoin skyrocketed from $1,000 to $20,000 following the Fed's decision to raise interest rates. The market dynamics are driven largely by stock market algorithms rather than individual investors. As prices climb, investor enthusiasm increases, leading to more purchases. At the peak, these algorithms sell off to small investors, marking the onset of a bear market.
We are currently witnessing the final fluctuations before TAURUS makes its entrance. Patience is key; the moment for significant gains is approaching.
#BTCMarketPanic #MarketDownturn #Write2Earn! #BTCMarketPanic #BinanceTurns7
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