HOW CAN YOU HOLDL DESPITE THE CRAZINESS OF THE CRYPTO MARKET?
My journey into cryptocurrency began with a simple investment and a desire to understand this new financial boundaries. Little did I know that by holding onto my digital assets through market uncertainties, I would pave the way to my financial independence.
I was Initially captivated by the excitement of the crypto market's volatility, I experienced highs and lows. Despite challenges and mistakes I made, I learned the value of patience and resilience.
As I immersed myself in the crypto community, I embraced the HODL mentality. It's more than just holding onto assets; it's about believing in the long-term potential in the crypto market.
I experienced market crashes and skepticism, I held firm in my investments. I understood that short-term fluctuations wouldn't overshadow the revolutionary impact in the cryptocurrency space.
With time, the market surged, validating my decision to HODL. Yet, beyond financial gains, I found freedom and empowerment in taking control of my financial future.
Today, I am grateful for the role HODLing played in my journey to financial freedom and independence. Cryptocurrency offers more than monetary rewards; it offers liberation from traditional financial systems and the opportunity to shape one's destiny. In the world of cryptocurrency, HODLing embodies a mindset of hope and conviction, a journey marked by patience, perseverance, and the belief in a decentralised future.
The biggest lesson I learnt is that it is easier to HODL when you believe in the future of the crypto asset you are Hodling hence the need to properly research and believe in the project and in cryptocurrency generally before investing.
PS: HODL is a slang for Holding in the crypto space
🚨 BREAKING: Biden Campaign Considers Crypto Donations! 🔥 In a surprising move, President Biden's re-election campaign is reportedly in talks to accept #cryptocurrency donations. 🤯
This comes just weeks after rival candidate Donald Trump enabled #crypto donations for his campaign. 🗳️💸
With the crypto industry becoming a hot topic in this election year, it seems both candidates are vying for the support of the growing crypto community. 🌐🚀
Will this lead to more mainstream adoption of cryptocurrencies? 🤔
#SAGA just dropping lower after getting rejected from the $2.98 - $3.09 with the break below of the a clean uptrend channel pattern. On the left no support area there right now, only resistance so you can wait for the flip of the resistance around $2.00. #SAGAUSDT
#BTC hodl the flip area and made it way to $70,000 again with the news rejected from resistance with #FOMC meeting back to the same area. More news in ahead in time, this week news, gonna drive the market crazy. #BTC☀
If watching the market and your positions makes you feel uneasy, scared, or anxious, consider it the cost of future super profits.
In a market like this, more and more people start making mistakes.
For big players, there’s no need for anything fancy – it's simply "pressure the price" and "pressure the time," and people will start making mistakes on their own. ⏳
Always ask yourself:
🤔 Who is buying now, and who is selling? ❓ Who is making a mistake? 🔍 Who do you want to follow?
#POLYX driving with the supporting up trendline and trying to flip above the Major Resistance Area of $0.47 - $0.50. A daily candle close above, which will give the potential buys calls. Take after the candle close and scale in with retest. #POLYX
Scrypt is a password-based key derivation function (PBKDF) that was originally proposed as an alternative to other key derivation functions like PBKDF2 and bcrypt. It is designed to be more secure against specific types of attacks, particularly those that leverage specialized hardware like Application-Specific Integrated Circuits (ASICs) and Graphics Processing Units (GPUs).
The main features and design goals of Scrypt are:
1. Memory-Hardness: Scrypt requires a large amount of memory to operate, making it resistant to attacks from custom hardware implementations like ASICs or GPUs, which have limited memory compared to their computational power.
2. Parallelization Resistance: Scrypt is designed to be inherently sequential, meaning that the computation cannot be easily parallelized, which limits the potential speedup from using multiple processing units or cores.
3. Key Stretching: Like other PBKDFs, Scrypt is used for key stretching, which involves deriving a long key from a short password or passphrase, making it more resistant to brute-force attacks.
Scrypt is used in various cryptocurrencies, including Litecoin, Dogecoin, and Verge, as the key derivation function for their proof-of-work (PoW) consensus algorithms. By using Scrypt, these cryptocurrencies aim to make their mining process more accessible to regular computers and resist the centralization of mining power that can occur with specialized hardware like ASICs.
While Scrypt was designed to be more secure against certain types of attacks, it is important to note that its security guarantees rely on the specific parameters used and the availability of sufficient memory resources. As computing power and hardware capabilities evolve, the effectiveness of Scrypt may need to be re-evaluated, and alternative memory-hard key derivation functions may be explored.
Bitcoin hit a new all-time high of $73,000 in early March, with long-term holders taking profits, creating an oversupply that led to a correction. As prices fell, seller exhaustion set in, allowing re-accumulation. Bitcoin ETFs saw net outflows in April, with a -$148M/day outflow at the $57,500 local low, signaling capitulation. However, the trend sharply reversed last week with a $242M/day net inflow, suggesting renewed buying demand. Notably, this ETF inflow dwarfs the $32M/day selling from miners post-halving, highlighting ETFs' significant impact compared to diminishing miner influence.
#BTC continues it drop and even goes below the zone, also price pin precisely rejected the key area and turning the break into the fakeout. Well, this could be a reversal but have to see the news upcoming in NY Open Time.
The price is moving in a bearish channel on a daily time frame and is adhering to it well.
Observations show #SXP charting lower highs and lower lows coupled with decreasing volume hinting at a loss of momentum. If #SXP maintains support at $0.2900 yet continues its downward trajectory, we anticipate hitting the projected support zone at $0.2500 next.
Conversely, if #SXPUSDT holds its support and swings back into the channel, it may suggest a bullish counter attempt. In this case, the price could ascend towards the significant resistance at $0.37.
A drop below essential level of $0.3000 - $0.2900 could signal the onset of a more profound bearish trend.
#ETH Broke out of the consolidation and given a successful close below. Daily candle closing shows bearishness in the market and alts gonna strongly fall like nothing after that. Fear is increasing in the market so better stay away from it. #Ethereum
📣 Apple is bringing ChatGPT to the iPhone in partnership with OpenAI
Apple unveiled a long-awaited AI strategy on Monday, integrating Apple Intelligence across its suite of apps, including Siri, and announced a partnership with OpenAI to bring ChatGPT to its devices.
Ethereum under a similar framework and can see the dramatic impact of the ETF approvals. The news motivated almost instantaneous buy-side pressure, with all three timeframes printing their first >20% price movement since late 2021.
If we consider the sizeable impact and influence that spot ETFs have had on Bitcoin since the turn of the year, the ETH/BTC trading pair may be exhibiting early signs of a more promising road ahead. #ETH🔥🔥🔥🔥