JUST IN: The SEC has approved national securities exchanges' forms for the listing and trading of spot ether ETFs. It still has to approve the issuers' forms before these products can launch. $ETH
Can Bitcoin Be Confiscated??? Ninety years ago, American citizens had only a fortnight to return their gold to the American government, which had decided to confiscate it to finance Franklin D. Roosevelt's New Deal policy.
President Roosevelt's Executive Order 6102, issued on April 5, 1933, set a deadline of May 1, 1933, for the return of all gold owned by individuals.
Do you think this cannot happen again in the future?
That's a risk you're taking.
On the other hand, Bitcoin cannot be confiscated as long as you have private keys associated with your Bitcoin.
Whatever solution you choose, you absolutely must make the essential effort to take control of your Bitcoin by taking possession of your private keys!
Receiving numerous DMs with inquiries like: "Is now the right moment to buy?" or "Have we reached the market's peak?"
I refrain from responding. Those who attempt to time the market often find themselves at a loss. The current BTC price scarcely reflects the surging demand from recently established spot BTC ETFs, let alone the fresh demand emerging from Hong Kong and China. This scenario unfolds just as crypto competition between the United States and China intensifies. Exciting times lie ahead.
The optimal and simplest strategy for success involves investing in robust coins at their current value, awaiting their explosive growth, and then selling when desired profits are attained.
That's the path to significant gains, not market timing. Presently, you can seize the opportunity to acquire $250k worth of BTC for a discounted price of $65k. Why hesitate? In life, any bold move, like this one, invites criticism from some quarters. But that shouldn't deter you; it signifies that you're venturing where others wish they could.
This is precisely the moment to accumulate BTC. During the trough of a bear market. At the onset of a year projected for substantial $BTC gains.
We're firmly holding onto our coin reserves. I eagerly anticipate $BRETT's ascent to $1 billion, heralding true price discovery. Yet, personally, witnessing the dismay of detractors will be more gratifying than my own profits.
Get ready, folks. This week promises to be monumental. We're multiplying our holdings sixfold!
What pumps value into a cryptocurrency isn't just one thing; it's a mix. Here's the rundown:
Supply and Demand: Classic economics. If lots of people want it but there's not much of it, the price goes up.
Utility: If you can actually use it for something cool or useful, like buying goods, accessing services, or even as a ticket into the blockchain world for projects or smart contracts, it's got value.
Security: How secure is it? The tougher it is to hack or counterfeit, the more trust it gains, and up goes its value.
Perception: This is all about how people see it. If folks believe it's valuable and has potential, that belief alone can boost its price.
Tech Behind It: The smoother and more innovative the blockchain tech it's built on, the better its chances of gaining value. Regulation and Legal Stuff: If governments and laws are crypto-friendly, that can give it a leg up.
Market Sentiment: What's the vibe? Positive news, hype, and trends can push values up, while bad news or panic can pull them down.
The environmental impact of cryptocurrency mining, especially for proof-of-work (PoW) based cryptocurrencies like Bitcoin, is a topic of significant concern. PoW mining involves solving complex mathematical puzzles to validate transactions and secure the network. This process requires massive amounts of computational power, which in turn consumes a substantial amount of electricity.
The primary environmental issue arises from the reliance on fossil fuels to generate electricity for mining operations. Many mining facilities, particularly those in regions with cheap electricity, rely on coal and other non-renewable energy sources, contributing to carbon emissions and air pollution.
Additionally, the energy-intensive nature of PoW mining has led to concerns about its sustainability and carbon footprint. Some studies estimate that Bitcoin mining alone consumes as much electricity as entire countries, leading to calls for more energy-efficient alternatives and greater adoption of renewable energy sources in the industry.
Efforts are underway to address these concerns, including the development of more energy-efficient mining hardware, the use of renewable energy for mining operations, and the exploration of alternative consensus mechanisms like proof-of-stake (PoS), which requires significantly less energy compared to PoW. However, the environmental impact of cryptocurrency mining remains a significant issue that requires ongoing attention and innovation to mitigate.
- Total crypto market cap reached $2.463T, up 64.5% from Q4 2023
- Bitcoin grew 68.8% to a new all-time high of $73,098
- US Spot Bitcoin ETFs held $55.1B in assets under management
- Ethereum restaking on EigenLayer saw 36% growth, with 4.3M ETH restaked
- Solana memecoins surged, with top 10 growing by $8.32B in market cap
- Spot trading volume on centralized exchanges hit $4.29T, highest since 2021 Q4
- Futures trading volume: - Binance: 43% (no growth) - OKX: 16% (no change) - Bybit: 13% (no change) - Bitget: 9% to 12% (3% increase)
- NFT trading volume across top 10 marketplaces stood at $4.7B, with Magic Eden gaining market share
Will Bitcoin's growth and Solana's surge signal a new wave of innovation, will Ethereum's declining market share mark a shift in focus towards other chains and are we seeing a change of cex dominance?
To avoid substantial losses in altcoins, especially those that plummet by 80% as seen over the weekend, it's crucial not to hold any altcoins without proper documentation above a $100 million market cap. Selling prematurely, often 18 months too soon, is essentially eroding capital and perpetuating a cycle of unnecessary reinvestment at higher prices. Instead, exercising patience and refraining from impulsive actions can lead to significant gains when we reach the anticipated blow-off top.
Despite the market experiencing significant downturns, we're effectively navigating through it by identifying the top-performing gems early on.
Furthermore, many altcoins are vulnerable to FUD (fear, uncertainty, and doubt), making them easy targets for manipulation. Additionally, there's little incentive for developers to remain committed to projects during challenging times, often resulting in soft exit scams where main developers depart and are replaced by random individuals. This pattern has affected a considerable portion of the top 100 coins, reinforcing the importance of avoiding assets associated with such risks and not providing liquidity to inactive or negligent developers.
Bear market? NOT FOR THE CRYPTOHUB FAM!
$SPEEDY broke a new ATH of 35 million and is on it's way to becoming the strongest coin on $FTM.
Blockchain is a decentralized, distributed ledger technology that records transactions across a network of computers. Each block in the chain contains a list of transactions, and once a block is completed, it's added to the chain in a linear, chronological order.
Here's how it works:
1. **Decentralization**: The blockchain network is decentralized, meaning it is not controlled by a single entity. Instead, it is maintained by a network of computers (nodes) that validate and record transactions.
2. **Transparency**: All transactions on the blockchain are visible to everyone on the network. This transparency helps ensure trust among participants.
3. **Security**: Each block is linked to the previous one using cryptographic principles, forming a chain. This makes it extremely difficult to alter past transactions without altering all subsequent blocks, providing security against fraud.
4. **Consensus Mechanism**: To add a new block to the chain, the network participants must agree on its validity. Different blockchain networks use various consensus mechanisms like Proof of Work, Proof of Stake, etc.
5. **Smart Contracts**: Some blockchains support smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. They automatically execute and enforce the terms of the contract when predefined conditions are met.
Overall, blockchain technology provides a secure, transparent, and decentralized way to record transactions and data, with applications in various industries beyond just cryptocurrencies.
Pi has mentioned about it in its white paper as follows:
It is based on total mining rewards and total referral rewards.
To install Use Pi invite code : Omoyemhe
Pi - Token Supply
Total Max Supply = M + R + D M = total mining rewards R = total referral rewards D = total developer rewards M = ∫ f(P) dx where f is a logarithmically declining function P = Population number (e.g., 1st person to join, 2nd person to join, etc.) R = r * M r = referral rate (50% total or 25% for both referrer and referee) D = t * (M + R) t = developer reward rate (25%) M - Mining Supply (Based on fixed mining supply minted per person)
R - Referral Supply (Based on fixed referral reward minted per person and shared b/w referrer and referee)
D - Developer Reward Supply (Additional Pi minted to support ongoing development)
f is a logarithmically decreasing function - early members earn more.
My top 10 things to AVOID doing this bull as we step into this new week, progressing through the month and closer than ever to the 2024 bitcoin halving.
Making money in a bull run is easy. Keeping it is hard. In 2021, I could've walked away with millions.
Instead, I round-tripped a lot of my profits. But you can learn from my mistakes, and do things the RIGHT way.
1. DON'T CHASE PUMPS
This is the easiest way to lose money in an up-trending market. Every day there is a new coin/narrative which is the new flavor of CT.
2. DON’T GO IN WITHOUT A PLAN
Before you buy a coin, always clearly outline your buy plan, as well as your sell plan, with clear invalidation levels.
I wrote in one of answers recently outlining my full take-profit strategy/exit plan, which you may find valuable.
3. DON’T BLINDLY APE
A little research goes a long way in a bull run. Look into coins that are showing strength, then apply some Due Diligence into their tokenomics/basic fundamentals.
Although hype trumps fundamentals in a bull, Due Diligence is still necessary to spot red flags.
4. DON'T OVER-ROTATE
This was my biggest mistake in 2021. When you hit a 10x trade, it can be tempting to roll those profits into other altcoins.
But you're essentially playing a game of hot potato. Eventually, the market will turn and all your hard work is erased.
5. DON'T GET GREEDY
Extreme green days are actually great times to take some gains off the table. This way you're consistently replenishing your stablecoin balance, allowing you to take advantage of bull market dips.
6. DON’T FADE STRENGTH
One of the most difficult things to comprehend in a bull run is the insane strength the market can exhibit, and how long it can remain irrational.
7. DON'T OUTSMART YOURSELF
8. DON'T QUIT NOW
9. DON'T WASTE TIME
10. DON’T UPGRADE YOUR LIFESTYLE
If you like this content please follow me for more.
As a crypto investor navigating the dynamic landscape of digital assets, you’ve likely encountered the challenge of maintaining a well-balanced portfolio. The volatile nature of the crypto market constantly shifts the values of your holdings, prompting the need for a strategic approach known as crypto portfolio rebalancing. Rebalancing your crypto portfolio is a strategic realignment of asset weightings to restore them to their original proportions. Let’s illustrate this with an example: imagine