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GOLDEN SIGNAL BTC Btc go to 71000 entry long 68500 1st target 70000 2nd target 71000 $BTC #btc70k #ETHETFsApproved #StartInvestingInCrypto #MtGox #Megadrop

                            GOLDEN SIGNAL
                     
                                     BTC
Btc go to 71000 
entry long 68500 
1st target 70000
  
2nd target 71000
$BTC #btc70k #ETHETFsApproved #StartInvestingInCrypto #MtGox #Megadrop 

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*#StartInvestingInCrypto #ProofOfStake #BurningTokens ** **Understanding Coin Burning: A Strategic Approach in Cryptocurrency** **Reducing Supply for Increased Value** Coin burning is a strategic approach, not magic. Imagine reducing the amount of money in the world so that each remaining dollar becomes more valuable. In the cryptocurrency world, this is not only possible but also a popular practice. **Similar to Share Buybacks and Currency Withdrawals** Similar to how companies buy back their shares to increase their value, and central banks withdraw excess currency, coin burning strengthens the economy of crypto projects. **Mechanics of Coin Burning** Coins are sent to an address from which they cannot be retrieved. It's like sending a ship on a one-way journey. Thanks to blockchain technology, each transaction is permanently recorded. **Methods of Coin Burning** Projects incorporate burning into their economy in various ways, from one-time events to continuous mechanisms. This helps control inflation, boost trust, and encourage investment. **Proof-of-Burn (PoB) Technology** PoB is a consensus mechanism in the blockchain, similar to Proof-of-Stake (PoS), where coins support network security. However, in PoB, participants destroy coins, rendering them unusable, to participate in the network's operations. **Purpose and Benefits** Burning coins reduces their supply, potentially increasing the value of the remaining ones. It helps combat inflation, strengthens investor confidence, and adheres to network rules. However, coin burning does not guarantee an immediate increase in value and can be seen as market manipulation, raising concerns among regulators. **Examples in the Crypto Space** Examples of PoB blockchains include Ripple and Binance Smart Chain, which burn tokens to support network operations and stimulate native token growth. **Like if You Found This Interesting!** Like if you found this interesting!❤️$BTC

*#btc70k ** *Making Money with Bitcoin: A Simple Strategy* **Regular Investment Yields Significant Returns** If you had bought $10 worth of Bitcoin every day for the past 5 years, by May 30, 2024, you would have gathered about 1.07 Bitcoin, which would be worth around $73,000. This means that by spending only $18,270, you could have made a lot of money. **Simple Yet Effective** This example shows how just by investing a small amount regularly, you can end up with a lot more money than you started with. **Remember the Risks** It's important to remember that investing in Bitcoin involves risks and it's essential to do your research before making any investment decisions. $BTC

**1. Bitcoin's Battle at a Significant Resistance Zone** **2. Intermediate Resistance and Congestion** **3. Maintaining Positive Trends at $67,000 Level** **4. ADP Data's Impact on Bitcoin Optimism** **5. Anticipating Crucial Data on Friday** **6. Inflow into Spot ETF: Yesterday's Impressive Move** **7. Bitcoin Leads, Ethereum Follows** **8. A Mention of an Altcoin: $NOT **$BTC $ETH #BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21

🚨 BREAKING 🚨 $171 MILLION USDC TRANSFERRED TO COINBASE INSTITUTIONAL. BULLISH 🔥

#StartInvestingInCrypto #FIT21 #BnbAth #btc70k Cryptocurrency Trader Makes Strong Bet on Shiba Inu (SHIB)** **Previous Success:** After making over $120 million trading Shiba Inu (SHIB), one cryptocurrency trader has made another strong bet – this time spending more than $18 million to buy over 700 Shiba Inu in a matter of hours, reflecting increased confidence of SHIB whales in the meme crypto asset’s future. **Details of the Transaction:** Specifically, the investor had bought 5.5 trillion SHIB early on for $400,000 and then sold them at two price peaks, profiting $121 million, and now they used 4,849 Ethereum (ETH), worth about $18.44 million, to buy 715.9 billion SHIB, according to the data shared by Lookonchain in an X post on June 5. $SHIB

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