With the current sharp drop in the currency circle, is the bull market over? ?

Today, with the callback of the big cake, the altcoin market has generally plummeted. Is there still a chance for the current bull market? In fact, there are still opportunities in the future, but they will not be everywhere. We need to make certain screening and choices. This sharp decline fully shows that the liquidity of the market is still poor. It is expected that only when the United States really starts to release water on a large scale, the big market will come, especially when the altcoin usher in a crazy bull market!
Before that, there will be some small market conditions, such as the Ethereum ETF that will be launched soon, which will definitely be hyped, and now is the perfect time to buy! After all, it has fallen almost enough, and the Ethereum series has basically returned to the starting point of the rise when the Ethereum ETF news was announced. If you don’t enter the market now, when will you? This bull market ETH will target $10,000 in the picture!

When it is hyped again, it will at least double like the big cake! Remember the iron rule of "buy when it falls and sell when it rises", so that you can cope with it easily! The Fed’s monetary policy is not helpful in reducing inflation.
In fact, it is pushing up the costs of housing and auto insurance, two major drivers of inflation, posing a threat to the health of the economy and threatening to trigger a recession that would put tens of thousands of American workers out of work. Powell has spoken: It's time to cut rates.
Follow me for more advice! $PEOPLE $ETH
#meme板块关注热点 #IO价格预测

Robert Kiyosaki, author of Rich Dad Poor Dad: Don't save money, money depreciates in the bank because of inflation and taxes. I like Bitcoin, but I don't have that much Bitcoin. I only have 70 Bitcoins in different wallets. Bitcoin is designed to appreciate, so I bought Bitcoin with $100,000, which is now worth $2 million.
$BTC

The current market situation is complex and changeable, which makes people wonder: Will this wave of market conditions present the grand scene of thousands of altcoins flying together like the last bull market?

The new bull market in 2024 can no longer be viewed in the same light as the previous bull market. The market is already extremely saturated, with thousands of altcoins rushing to be listed to attract liquidity, and even some projects have new launches almost every three days. Compared with the last bull market, the challenges faced this time are more arduous. If we still maintain the mentality of the last bull market, it may be difficult to effectively deal with the current situation.

At present, capital in the market and large institutions are closely following the hot spots. Although the situation seems to be full of thorns, altcoins can never avoid several hot areas: AI sector, meme sector and RWA sector. It is necessary to keep up with the market trends in these hot sectors and find profitable opportunities from them.

Everything in the world is constantly evolving and developing. Currently, there is fierce competition among altcoins. When the bull market ends, many projects will inevitably return to zero, and new ecosystems will emerge and emerge.
#美国PCE通胀放缓 $BTC $ETH

Trump's speech at the 2024 Bitcoin Conference did not lead to a high sentiment in the market.

Trump's promises include:
The United States must dominate Bitcoin and related innovations;
He will fire Gary Gensler on the first day;
Create a presidential advisory committee on cryptocurrency;
Prevent the US government from selling its Bitcoin, etc.

The market is flat because many large institutions may "not take his words too seriously". Everyone has long expected the promises of American politicians. Trump is not always supportive of Bitcoin. The president has no power to directly fire the chairman of the SEC, etc.
#比特币大会 $BTC

Participants of the 2024 BTC Conference, Trump will give a public speech at 2:00-2:30 am Beijing time on the 28th. It depends on what he says, whether it is good or bad. $BTC

The Bitcoin Conference has opened, and the most anticipated event is that Trump will give a speech on the 27th.

The market predicts that Trump may announce his willingness to use Bitcoin as a strategic reserve asset for the United States!
As the news fermented, BTC soared in the morning, once rising by 4.3%.

Risks to note:

1. The actual probability of this event is low, and the probability of speculation is high;

2. Trump is currently only a presidential candidate and cannot interfere with government behavior. ​​​

$BTC #比特币大会

Let's talk about a secret that most people dislike or don't want to believe:

If you want to make a lot of money, your own efforts alone often have little effect, and blindly studying is not very effective unless you are gifted. For most people, the truly effective way is to hold on to your thighs and rely on the guidance of masters. That is to find your noble person!
Your efforts should focus on: identifying who are the real masters and how to make the masters willing to take you.
Many people don't even have a clear understanding of their real needs. They think their wish is to make money in this circle, but in fact, what they really want in their hearts is to get rich overnight and have a net worth of over 100 million tomorrow. There is a huge difference between the two. It is not difficult to make money in the crypto circle. Just keep hoarding Bitcoin; but if you want to make a lot of money, you have to be at the top of the pyramid.

In China, rural people must protect their homesteads, land and rural household registration. You can live in the city, but the homestead in the countryside is an important asset that can be passed down for generations. In the future, there may be various means of trying to obtain your land, and you may be tempted by some benefits. As long as it is not forcibly expropriated, you should hold on to your land tightly.
Most KOLs in the cryptocurrency circle are basically attached to certain institutions and exchanges, and it is very rare to see them independent. If you observe carefully, you will find that so-and-so and so-and-so are closely related to so-and-so, and their interests are highly related.
In the next ten years, we will try our best to develop overseas business and make money from foreigners. If we insist on developing in China, unless we have monopoly resources, we must be prepared for fierce competition.

The core problems in China are mainly: overcapacity, insufficient consumption and aging population. Real estate, technology, etc. are not the core, but just superficial phenomena. These problems are difficult to solve. We can see the clues from this domestic conference, and the country is also facing huge challenges.
Regarding MEME, it is not convenient to talk more at present. You should think carefully about whether you can make a profit from MEME. If you can make money, continue. If you can't make money, quit decisively.
Making money is only the final result. If you do things right, wealth will come naturally. Almost everyone has seen this sentence somewhere, and may even disdain it. But please believe that this is not empty talk, but you have not yet realized the true meaning!
#比特币大会 $BTC

The approval of Ethereum ETF is not as positive as expected, and the market price has not risen sharply.

The US SEC has officially approved the Ethereum spot ETF, taking the first step.

Introducing pledge in the Ethereum ETF is the most urgent task for the SEC! At present, Form 424(b) is being submitted one after another, which is the last step. This means that all preparations are ready and trading will be officially launched at 9:30 a.m. Eastern Time on Tuesday (9:30 tonight Beijing time).

The approved Ethereum spot ETFs include 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, Invesco Galaxy, Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust.

Although the Ethereum ETF has been approved, the price has not risen sharply. Investment is essentially a bet on expectations. Since the application of the Ethereum ETF, the news has been fermenting for a long time. Now, the market needs a higher level of expectations to stimulate the enthusiasm for buying.
Some people point out that the positive news is not the approval of Ethereum's ETF itself, because this is an inevitable event. The real key is to introduce pledge in the Ethereum spot ETF, making it an interest-bearing asset in the new era, and to be able to implement this operation more safely and conveniently. This is what the SEC should do with all its efforts.
#以太坊ETF批准预期 $ETH

The distribution of the cryptocurrency circle, see which level you are in?

Top level: BlackRock and the Federal Reserve
Command the following levels
Aim to have full control
Possess endless financial strength
Next level: Venture capital funds
Take over resources from the upper level
Transfer benefits to the lower level
Aim to make a thousand times profit

Middle level: Encryption protocols and development teams, also known as project parties
Rely on support from the upper level
Assist the lower level
Act in accordance with the requirements of venture capital

The second to last level: KOLs and cryptocurrency media
Benefit from the upper level
Influence the lower level
Get paid to do things, but pretend to be objective and fair

Bottom level: You, the so-called retail investors
Support the above levels
Trust the above levels
Expect to make a hundred times profit, but often frustrated

Friends who go to Hong Kong to withdraw money can consider looking for such an exchange shop, the price is reasonable

Like the stock market, the cryptocurrency market is also full of uncertainty. Sometimes a currency seems to be shaky, but it can rise against the trend at a critical moment; sometimes a currency that is generally optimistic will suddenly suffer a Waterloo.

BCH's performance is a typical example. The series of repayment actions by the MtGox custodian undoubtedly brought hope to many creditors, but also made the market trend more confusing.

Mentougou has repaid more than 13,000 people, but Bitcoin is still as stable as a mountain, and the prince BCH, which faces the greatest threat of a market crash, has not only not fallen, but has skyrocketed! This is the mysterious and charming crypto market, everything is unpredictable, and the future is full of unlimited opportunities!
MtGox once again repaid BTC and BCH to creditors. On July 16, the news came that according to the lawyer Nobuaki Kobayashi, the MtGox custodian, after July 5, the MtGox custodian repaid Bitcoin (BTC) and Bitcoin Cash (BCH) to some creditors through the designated cryptocurrency exchange on July 16, 2024.

So far, more than 13,000 creditors have received repayment.
For other creditors, the repayment work will be carried out as soon as possible after confirming the validity of the account, the exchange's acceptance of the agreement, the completion of the discussion between the custodian and the exchange, and ensuring safety.
#以太坊ETF批准预期 $BTC $BCH

Ethereum ETF is coming, beware of some capital flight

There is a certain correlation between the capital inflow of Bitcoin ETF and the price of Bitcoin.
About ten days after the launch of Bitcoin ETF (January 11 to 23), the price of Bitcoin fell by 15%, which to a certain extent weakened the enthusiasm of capital inflow.
But in the next three weeks, the price of Bitcoin rose by about 30%, which in turn led to a large amount of funds pouring into the crypto market.

Although the approval of Ethereum ETF is a major positive for the crypto market, we must also be wary of the negative news brought about by the realization of the positive. There may be some profit-taking and flight, which will bring turbulence to the market. At that time, the K-line pin situation may appear. When the news is announced, we must be flexible! ! !
#以太坊ETF批准预期 $BTC $ETH

Bloomberg apologized for Binance's erroneous report, once again confirming the misunderstanding of the crypto industry by the biased publicity and reporting of traditional media! This statement shows that the media is also slowly deepening their understanding of the currency circle. When reporting news about the crypto industry, they must carefully verify and respect the facts. Congratulations to Binance for winning. Binance's response also reflects the style of an industry leader!

Bloomberg Businessweek / Chinese version issued a statement saying that a serious mistake was made in the publication of the 250th issue of the magazine (July 6, 2022), and a false and unfounded cover title Zhao Changpeng's Ponzi Scheme was published. This magazine unreservedly retracts and retracts this offensive statement and apologizes to Zhao Changpeng and Binance. We will not publish or make any identical or similar allegations in any way.

Binance responded to Bloomberg Businessweek/Chinese version of the apology statement and said: "I am pleased to see that the false accusations have been dropped. We will continue to focus on providing the best service and innovation to users, while striving to set an example to ensure the healthy and sustainable development of the industry."
#美国大选如何影响加密产业？ $BTC

Is the market going to turn around further?

On July 16, the Mt.Gox related address transferred 0.021 bitcoins to a certain address 16 minutes ago, which may be a transfer test.
Currently, the Mt.Gox related address still holds about 138,000 BTC, worth 8.91 billion US dollars.
Is this test to prepare to transfer compensation to users?
Those who have positions should be prepared to keep a close eye on market trends
#Mt.Gox将启动偿还计划 $BTC

2024-2025 Bull Market Bitcoin breaks through 100,000 US dollars, this round is called a bull market
If there is no breakthrough, it still needs to accumulate power or a special event to happen

1. Fed rate cuts: According to current data, the Fed will cut interest rates once or twice this year. Usually, rate cuts will increase liquidity in the market, and investors tend to look for assets with higher returns. As an asset with both high risk and potential high returns, Bitcoin is likely to attract more funds.

2. Trump's election as US President:
The probability of Trump's election as US President has exceeded 70% of the approval rate. After the stabbing incident, he won the support of many people, and Musk personally tweeted his support. Trump is friendly to the crypto market, and more favorable policies are expected to be implemented.

3. Bitcoin ETF approved in more countries:
When Bitcoin ETF is approved in more countries, more funds will enter the market.
4. The halving market has begun to ferment: The halving market has begun to gradually brew, which will promote the formation of a big bull market. The continuous decline and shock market for dozens of days has cleaned the market. Before the end of 2024, the market rebounded and then fell again, preparing for the big bull in 2025!
5. Ethereum ETF listing and trading:
The listing and trading of Ethereum ETF has injected fresh blood into the market. After the Ethereum ETF is passed this month, the market is favorable and will bring a wave of rebound!
#美国大选如何影响加密产业？ $BTC $ETH

The assassination incident has brought Trump's support rate to a rise, and the popularity, spread and topic are all on the front pages of major media, which is relevant to the crypto market.

Bitcoin rose by more than 2.5% to nearly 60,000, and Trump concept coins all rose sharply within an hour. The value of Trump's wallet cryptocurrency holdings rebounded to more than 10 million US dollars.

Musk posted multiple tweets for the first time to express his full support for Trump, and these two are both cryptocurrency-friendly people-

In addition, according to the prediction market Polymarket data, Trump's chances of winning the US presidential election have soared to 70%
#币安7周年 #美国大选如何影响加密产业？ $BTC

Sun Ge calls himself a low-profile version of Musk and wants to acquire Weibo. If you really do this, congratulations. However, considering policy factors, I guess you can't do it like Ma. #币安7周年 $BTC

It is said that Sun Ge is long Bitcoin.

I responded personally. Do you believe this response?
#币安7周年 $BTC

Australian Stock Exchange Approves Bitcoin ETF

On July 10, Federal Reserve Chairman Powell said that the Fed does not need to wait until inflation drops to 2% before starting to cut interest rates! The three major U.S. stock indexes rose collectively by more than 1%! The S&P and Nasdaq continued to close at record highs. The probability of interest rate cuts in September and November is basically 100%! After July and August, market confidence will be restored again, and the quiet market will eventually usher in a turnaround!

Australian Stock Exchange also approved Bitcoin ETF
What will it be like in the future when all countries in the world approve it? How much will a Bitcoin cost at that time? I dare not even think about it~
#美联储何时降息？ $BTC