Soon or later, it will be compensated.😁😁

#币安Alpha

币安钱包就是最大的Alpha。

正在直播。

$BTC
$BNB

#加密用户突破1800万

There is still a long way to go. $GMT

Follow➕

#CZ

What project can gain CZ's recognition? Online education.

For creators, it’s never too late; continuous building is important, and continuous learning is also crucial. In this era of artificial intelligence, education is quietly undergoing changes; learning is no longer confined to fixed schools and locations, but the ability to think is paramount.

Perhaps we should focus on training children's abilities to think and judge regarding matters; acquiring knowledge is secondary.

Additionally, submit your work to win BNB.

$BNB

#比特币战略储备

A country aiming to incorporate a certain currency into its strategic reserves usually reflects several underlying issues:

1. Changes in confidence in the existing international monetary system
It may indicate a decline in trust in the dominant reserve currency (such as the US dollar); reflects some dissatisfaction or concern regarding the current international financial order; may suggest that the international monetary system is undergoing structural changes.

Clearly, the United States is not dissatisfied with the dollar; on the contrary, the US is leveraging dollar hegemony and exerting influence over Bitcoin. In fact, the surge in Bitcoin prices is significantly affected by US policies.

2. Geopolitical considerations
To reduce dependence on the currency of specific countries and increase economic autonomy; may be aimed at avoiding potential financial sanctions risks; reflects changes in the international political and economic landscape.

3. Economic strategic adjustments
Indicates that the country is seeking a diversified reserve asset portfolio; may be a hedge against global economic uncertainty; reflects certain expectations regarding future currency value trends.

Just as the dollar is significant in the real world, the US also hopes, to some extent, that Bitcoin will become one of its tools. Former President Trump previously mentioned the desire to find a solution to the debt crisis.

4. Aspirations for international status
May reflect the country's desire to play a greater role in the international monetary system; indicates a pursuit of discourse power in the existing international financial order; may be a manifestation of the country's enhanced comprehensive strength.

The United States has publicly stated its recognition of Bitcoin's status as "digital gold"; being digital gold, having reserve status is only natural. Whether other countries follow suit, the world has reached a crossroads.

$BTC

#BTC重返10万

The market is far from over, take a look at Binance's shorts.

Didn't pass? There are only two reasons:

1. Old money is too stubborn;
2. They've been secretly buying already, if they buy after it's made public, the cost will be too high, haha.

Is Bitcoin in danger? Here is my view.
--------------
The potential threat of quantum computing to cryptography is indeed real. When quantum computers achieve sufficient computing power, they may be able to break the public-private key pairs based on Elliptic Curve Cryptography (ECC). However, we are still quite a way from being able to break the SHA-256 and ECDSA used by Bitcoin. Although Google's Willow is a breakthrough, much more progress is needed to reach the number of qubits required to break these encryption algorithms.

/About the vulnerabilities of P2PK format
Emin's concerns are reasonable. Early Bitcoin did indeed use the P2PK format, which exposes the public key and is theoretically more susceptible to quantum computing attacks. Modern Bitcoin transactions primarily use P2PKH (Pay-to-Public-Key-Hash) and other more secure formats, which do not expose the public key until the transaction is spent.

/About the proposed solutions
Freezing Satoshi's Bitcoin or setting a deadline to freeze P2PK UTXOs is a controversial proposal:

. This requires the entire Bitcoin community to reach a consensus for a hard fork
. This may go against the core principles of Bitcoin’s decentralization and immutability
. It could create a dangerous precedent

A more practical response might be:
. Continue advancing the research and development of quantum-resistant encryption algorithms
. Prepare soft fork upgrade plans in advance for potential quantum threats
. Encourage users holding old format UTXOs to migrate to more secure address formats

$BTC

#加密市场回调

What does a pullback in the cryptocurrency market often mean?

The pullback in the cryptocurrency market usually reflects several important market dynamics. Let's take a look at what is happening now:

1. Market sentiment adjustment
Investors take profits, leading to increased short-term selling pressure, a natural cooling process after the market is overheated, or a phased change in investors' risk preferences.

Bitcoin has broken through the 100,000 mark and has been repeated at this position, indicating that the market has certain resistance and has not seen a rapid rise after the breakthrough. This wave of rise has also increased significantly, so it is natural to adjust.

The terrible thing is that Bitcoin is relatively stable now and has not fluctuated significantly, and other cottages have fallen several times more than BTC. This should be noted, and position management is important.

2. Fundamental factors
Changes in the macroeconomic environment (such as inflation, interest rate policy adjustments), changes or uncertainties in industry regulatory policies, and adjustments in investment strategies of large institutional investors.

There has been no major black swan in this regard, and the Korean market is not enough to have a large-scale impact.

3. Technical characteristics
The price falls after reaching an important technical resistance level, the changes in trading volume and holdings, and the deleveraging process when the market leverage ratio is too high.

No comment on this aspect.

However, the pullback may also create new investment opportunities. Providing a better entry point for long-term optimistic projects, promoting a more rational and healthy market development, and helping to screen out truly valuable projects.

Speaking of adjustments, it is still far from coming, but this is a signal, pay attention to it.

$BTC

#每日瓜分1BNB

Today I heard the podcast "E28. From the explosion of 120 Bitcoins to the heavy position of 100 million Dogecoins, Mao Zemin's encrypted life" by Day1Global. It was very exciting. He is indeed a big shot, and his cognition is superior to others.

I recommend everyone to listen to it.

I personally think this is the most valuable episode recently. Of course, I don't deny the meaning of other guests, but I personally feel that I have benefited a lot.

The two aspects that I feel most deeply are, first, "There is no road in vain, and your experience will become a stepping stone for your growth." After experiencing failure, you have your own independent thinking, and are good at capturing what successful people say and do, and thinking deeply. For example, Musk's shouting of Dogecoin, most people just listen to it.

The second is the unique insights into Dogecoin, the real people's currency, from the elite Bitcoin to the grassroots Dogecoin, from the extremely small range of high cognitive beliefs (geeks) to the popular consensus of the masses, and even interstellar currency, this kind of cognition is already a step higher.

$BTC $DOGE

#美财政部称BTC“数字黄金”

From the perspective of the computing power required to mine Bitcoin, how much should Bitcoin be worth? I calculated it and it is about $400,000 per coin

Analyzing the theoretical value of Bitcoin from the perspective of mining costs. This is a very interesting perspective.

From the basic economic principles of Bitcoin mining, in the long-term equilibrium state, the price of Bitcoin should at least cover the marginal cost of mining. Let's analyze step by step:

1. Main cost composition:

Electricity cost: This is the main operating cost
Mining equipment cost: Including depreciation and maintenance
Cooling and site costs
Manpower and management costs

2. Key variables:

Network computing power: determines the difficulty of mining
Electricity price: It varies greatly from region to region, ranging from $0.03 to $0.10/kWh
Mining machine efficiency: Take the latest mining machine as an example, such as Antminer S19 XP, the efficiency is about 21.5 J/TH

3. Let's do a specific calculation:

Assuming that a newer mining machine is used, in an area with moderate electricity prices (US$0.05/kWh):

Electricity cost per mining machine per day:

140 TH/s × 21.5 J/TH × 24 hours × 3600 seconds × US$0.05/kWh ÷ 3600000 = about US$7.2

Other costs such as equipment depreciation account for about 40% of the total cost, then:
Total daily operating costs = 7.2 × (1 + 40%) = about $10/day

The average amount of Bitcoin that can be mined per mining machine per day:
(144 blocks × 6.25 BTC × 140 TH/s) ÷ total network computing power

The current total network computing power is about 500 EH/s (data from April 2024)
= (144 × 6.25 × 140) ÷ (500 × 10^6) ≈ 0.0000252 BTC/day

4. Therefore, to achieve a break-even:

Minimum Bitcoin price = daily cost ÷ daily output = 10 ÷ 0.0000252 ≈ $396,825

So from the perspective of mining costs, the reasonable price range of Bitcoin may be between $400,000 and $500,000. However, it should be noted that this is only an analysis from a cost perspective. The actual market price is also affected by many other factors, such as: market supply and demand, participation of institutional investors, changes in regulatory policies, performance of alternative investment products, overall market sentiment, etc.

$BTC

#美财政部称BTC“数字黄金”

From the perspective of the US government, it has recognized BTC as "digital gold". If analyzed from the perspective of the financial market, what impact will it have on Bitcoin?

I think it has the following impact. Of course, it is a big positive for BTC without a doubt.

1. Enhanced the confidence of institutional investors
The US government's positive statement on BTC has significantly enhanced the investment confidence of traditional financial institutions and may prompt more institutional investors to include BTC in their asset allocation portfolios. On the 10th, Microsoft voted whether to include Bitcoin as a reserve asset, which is another strong driving factor.

At the same time, the Ministry of Finance's stance also helps reduce institutional investors' concerns about compliance.

2. Impact of market positioning
The positioning of "digital gold" strengthens the attributes of BTC as a value storage tool, which may reduce the market's attention to the speculative attributes of BTC, and also help BTC establish a more mature valuation system.

3. Regulatory environment
The government's statement shows that regulatory agencies are becoming more positive and open towards BTC, especially as the crypto president is about to take office, which may also promote the introduction of a clearer regulatory framework and help the innovation and development of BTC-related financial products.

4. Market liquidity
Positive policy statements may attract more long-term funds to enter, increase market depth and liquidity, and help reduce price volatility. BTC may enter a long bull channel, and violent fluctuations will decrease.

5. Derivatives market
Government recognition will also promote the launch of more BTC-related financial products, expand BTC's influence in the traditional financial market, and provide investors with more risk management tools.

In short, the current encryption market is in the initial stage of a cyclical bull market, and the market environment is also unprecedentedly friendly.

$BTC
$ETH

Well, it's clean now, only the increase remains 😆$GMT

What does a paradigm shift mean?

In this statement, I understand that "paradigm shift" refers to the fundamental change in Bitcoin within the financial markets and investment field.

1. Shift in institutional recognition

Bitcoin breaking through the important psychological price point of 100,000 USD signifies that it has gained broader recognition from institutional investors. It has transformed from being regarded as a speculative asset to a category of investment recognized by mainstream financial institutions.

2. Strengthening of the store of value function

This price point marks a more solidified status of Bitcoin as "digital gold." It is no longer merely a medium of exchange, but has become an important tool for hedging against inflation and diversifying investment portfolio risks.

3. Improvement in market maturity

Reaching the price point of 100,000 USD indicates a qualitative enhancement in the liquidity and depth of the Bitcoin market, with volatility potentially decreasing and the market structure becoming more mature.

Do you think Bitcoin's current market position has significantly changed compared to its early days? There is no doubt that Bitcoin is gradually gaining recognition in the mainstream market, which is an undeniable fact.

$BTC

A simple consensus: exchange tokens are the easiest investment category during a bull market:

1. Users need them to enjoy fee discounts and other benefits;
2. Exchanges will continuously promote them;
3. Buybacks and burns or other value accumulation mechanisms.

Even during bear markets, their downside potential is limited, making them one of the few altcoins that can be safely held across multiple cycles.

$bnb $LEO $HYPE

#BTC新高10W

There is an old saying among Bitcoin enthusiasts in China: "Fear of heights is the curse of the poor."