Okay, listen and follow me let me show you how we do it.
Firstly:
Buy coins that are almost nothing and make sure they have great potentials.
Secondly:
Check their circulating supply. If the circulating supply is between Millions - Trillions, consider buying and having the first point in mind. If it's above that, it's a trash coin.
Thirdly: It's a risk game but you will win 8/10 times.
If this is helpful, follow me now. I'm committed to helping you.
Price of Bitcoin and Ethereum jumps as Hong Kong firms claim approval for Bitcoin ETFs
Bitcoin (BTC) is up over 2.8% in the last day, breaking the $66,500 mark! Ethereum (ETH) is also on the rise, climbing to $3,240. This jump coincides with news that several companies in Hong Kong received approval for launching spot crypto ETFs.
This is exciting news for the cryptocurrency market, as ETFs could attract a wider range of investors, including institutional ones. This could potentially lead to a sustained increase in cryptocurrency prices.
What Do You Know About Bitcoin Halving ? $BTC Will The Market Skyrocket or Dwindle?
Let's see...
2012 Halving: The first halving occurred in November 2012. While the price didn't surge immediately, it began a steady climb throughout 2013, reaching a peak of over $1,100 by the end of the year.
2016 Halving: The second halving happened in July 2016. The price dipped initially but started a significant rise in late 2017, reaching nearly $20,000 by December 2017.
2020 Halving (as discussed previously): The price increase was delayed but came later in 2020 and continued into 2021 reaching a peak of $66,000
So, Bull Run doesn't set in immediately after the halving but shortly after it according to historical price movement.
Blockchain: A distributed ledger technology that records transactions on multiple computers across the world. This makes it very difficult to tamper with the data.
Bitcoin: The first and most well-known cryptocurrency. It is a digital asset and a payment system invented by Satoshi Nakamoto.
Altcoin: Any cryptocurrency other than Bitcoin. There are thousands of altcoins in existence, each with its own unique features.
Market Capitalization (Market Cap): The total value of all the coins of a particular cryptocurrency in circulation. It is calculated by multiplying the price of a coin by the total number of coins in circulation.
Circulating Supply: The number of coins that are currently in circulation and available to be traded.
Total Supply: The maximum number of coins that will ever be created for a particular cryptocurrency.
Mining: The process of validating cryptocurrency transactions and adding them to the blockchain. Miners are rewarded with new coins for their work.
Staking: A way to earn rewards on certain cryptocurrencies by holding them in a cryptocurrency wallet.
Decentralization: One of the key features of cryptocurrency. It means that there is no central authority that controls the network.
Bull Market: A period when cryptocurrency prices are generally rising.
Bear Market: A period when cryptocurrency prices are generally falling.
FOMO (Fear Of Missing Out): A feeling that can lead investors to buy cryptocurrencies without doing their proper research.
ATH (All-Time High): The highest price a cryptocurrency has ever reached.
ATL (All-Time Low): The lowest price a cryptocurrency has ever reached.
ROI (Return on Investment): The profit or loss on an investment.
ICO (Initial Coin Offering): A way for companies to raise funds by selling new cryptocurrencies.
To be continued... Check the next post for continuation.
$BTC $ETH $BNB The crypto market can be fickle, and several factors can contribute to a bearish trend. Here are ten reasons why it might be experiencing a downturn prior to the bull run.
1. Overbought Correction: After a period of significant price increases, the market might be correcting itself. This means prices are dropping as investors take profits or become cautious.
2. Bearish Divergence: Technical indicators might show a weakening in the uptrend, even if prices are still rising slightly. This suggests the price growth lacks strength and a correction is likely.
3. High RSI: The Relative Strength Index (RSI) might have reached overbought territory, indicating the market believes prices are too high and due for a fall.
4. Long Liquidations: Margin traders might be forced to sell their holdings (liquidation) if prices fall sharply. This can trigger a domino effect, further driving prices down.
5. Macroeconomic Concerns: Rising interest rates, inflation, or global economic uncertainty can make investors risk-averse, leading them to pull out of volatile assets like crypto.
6. Regulation Fears: Stricter government regulations on cryptocurrencies could dampen investor confidence and hinder adoption.
7. Negative News Events: Hacks, scams, or other negative news surrounding crypto projects can erode investor trust and trigger sell-offs.
8. Lack of Institutional Adoption: Widespread adoption by institutional investors like banks and pension funds is seen as a sign of crypto's legitimacy. A lack of such adoption can hinder growth.
9. Profit-Taking: Early investors who bought at lower prices might be cashing out, leading to increased selling pressure.
10. Shifting Investor Sentiment: The overall market sentiment might have shifted from bullish optimism to fear or uncertainty, leading investors to become more cautious.