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i took this screen shot earlier in Aug 2023, who knows that the BTC prices went 3X in just 7 months
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Bitcoin Hits a (Nice) All-Time High of $69,000 With Wall Street in ‘Buy Anything’ Mood
For obvious reasons, $69,000 is a holy number in the world of bitcoin. In November 2021, during the last crypto bubble, the digital currency surged to an all-time high $68,990.90 — painfully close to the sex-joke number Elon Musk loves so much. But it crashed in price over the following year as a succession of frauds was revealed, effectively demolishing the crypto market as we knew it. But, surprisingly, bitcoin is back. On Tuesday,
more than two years after the last all-time high, the bitcoin nerds got another chance to laugh. At about 10 a.m. in New York, bitcoin surged past its all-time high and for a brief moment attained the nice level of $69,000. (This being bitcoin, almost immediately it then fell by about $5,000.)
Bitcoin is, of course, having a big moment.
Its 2024 price surge is lubricated by the dozen exchange-traded funds, managed by the likes of BlackRock and Fidelity, that are making it easier for both institutions and regular investors to get in on the action. There will also be a technical change to the coming supply of new bitcoins, called the halving — theoretically, it’s a mechanism that will make bitcoins more valuable in the future (which remains to be seen).
#Write2Eam #BTCPrize
For obvious reasons, $69,000 is a holy number in the world of bitcoin. In November 2021, during the last crypto bubble, the digital currency surged to an all-time high $68,990.90 — painfully close to the sex-joke number Elon Musk loves so much. But it crashed in price over the following year as a succession of frauds was revealed, effectively demolishing the crypto market as we knew it. But, surprisingly, bitcoin is back. On Tuesday,
more than two years after the last all-time high, the bitcoin nerds got another chance to laugh. At about 10 a.m. in New York, bitcoin surged past its all-time high and for a brief moment attained the nice level of $69,000. (This being bitcoin, almost immediately it then fell by about $5,000.)
Bitcoin is, of course, having a big moment.
Its 2024 price surge is lubricated by the dozen exchange-traded funds, managed by the likes of BlackRock and Fidelity, that are making it easier for both institutions and regular investors to get in on the action. There will also be a technical change to the coming supply of new bitcoins, called the halving — theoretically, it’s a mechanism that will make bitcoins more valuable in the future (which remains to be seen).
#Write2Eam #BTCPrize
Bitcoin briefly hits an all-time high, less than two years after FTX scandal clobbered crypto
NEW YORK — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging.
The world’s largest cryptocurrency
jumped 4% this week and briefly surpassed $68,800 Tuesday, according to CoinMarketCap. That’s just above bitcoin’s previous record set in November 2021.
The volatile asset soon fell some, standing at just under $62,000 as of 3 p.m. ET, but the price is still up more than 175% from one year ago.Gains in recent months have been fueled by the anticipation, and eventual U.S. approval,of bitcoin exchange traded funds earlier this year, which provided access to a much broader class of investors. The price for bitcoin has surged about 60% since the approval of bitcoin ETFs in January, an easy way to invest in assets or a group of assets — like gold, junk bonds or bitcoins — without having to directly buy the assets themselves.
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NEW YORK — Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging.
The world’s largest cryptocurrency
jumped 4% this week and briefly surpassed $68,800 Tuesday, according to CoinMarketCap. That’s just above bitcoin’s previous record set in November 2021.
The volatile asset soon fell some, standing at just under $62,000 as of 3 p.m. ET, but the price is still up more than 175% from one year ago.Gains in recent months have been fueled by the anticipation, and eventual U.S. approval,of bitcoin exchange traded funds earlier this year, which provided access to a much broader class of investors. The price for bitcoin has surged about 60% since the approval of bitcoin ETFs in January, an easy way to invest in assets or a group of assets — like gold, junk bonds or bitcoins — without having to directly buy the assets themselves.
#Write2Eam
Four questions every crypto investor needs to consider
Whether you buy into one of the new spot Bitcoin ETFs or open an account with a cryptocurrency exchange,crypto investing is not for everyone. As with any investment, you need to take time to research and learn about what you're buying. Here are a
few things to ask.
1. Do you understand the risk?
We've already touched on some of the risks involved in crypto, such as volatility and questions about its long-term potential. Another is that there are limited investor protections. Unlike money in a bank account which is covered by FDIC insurance against bank failure, if your crypto platform fails, you could lose everything.
One way you can mitigate this is to put your crypto into a crypto wallet that you control. Just be aware that if you lose your security information, you might lock yourself out of your wallet forever.
2. How will you cope if you lose your crypto investments?
Losing money is always difficult. But it is more manageable if you only invest money you can afford to lose. Some people lost their life savings when Terra's Luna cryptocurrency collapsed.
If you want to buy crypto, make sure it is only a small part of a wider portfolio. That way, if the crypto market does crash again, it won't derail your retirement plans or leave you unable to pay your rent or mortgage.
3. Are you comfortable with the regulatory environment?
Cryptocurrency is a relatively new and unregulated market. The SEC is pursuing cases against several top crypto exchanges because it believes many cryptocurrencies are trading as unregulated securities.The outcome of these cases -- alongside broader moves to introduce stricter crypto regulation -- could change the way people buy and sell crypto in the U.S.
4. Why are you buying cryptocurrency?
Many people bought cryptocurrency in 2021 because they were scared of missing out, only to get burned when prices crashed. Don't buy Bitcoin because other people are or because you think you might get rich quickly. History has already shown us that crypto prices can rise and drop
Whether you buy into one of the new spot Bitcoin ETFs or open an account with a cryptocurrency exchange,crypto investing is not for everyone. As with any investment, you need to take time to research and learn about what you're buying. Here are a
few things to ask.
1. Do you understand the risk?
We've already touched on some of the risks involved in crypto, such as volatility and questions about its long-term potential. Another is that there are limited investor protections. Unlike money in a bank account which is covered by FDIC insurance against bank failure, if your crypto platform fails, you could lose everything.
One way you can mitigate this is to put your crypto into a crypto wallet that you control. Just be aware that if you lose your security information, you might lock yourself out of your wallet forever.
2. How will you cope if you lose your crypto investments?
Losing money is always difficult. But it is more manageable if you only invest money you can afford to lose. Some people lost their life savings when Terra's Luna cryptocurrency collapsed.
If you want to buy crypto, make sure it is only a small part of a wider portfolio. That way, if the crypto market does crash again, it won't derail your retirement plans or leave you unable to pay your rent or mortgage.
3. Are you comfortable with the regulatory environment?
Cryptocurrency is a relatively new and unregulated market. The SEC is pursuing cases against several top crypto exchanges because it believes many cryptocurrencies are trading as unregulated securities.The outcome of these cases -- alongside broader moves to introduce stricter crypto regulation -- could change the way people buy and sell crypto in the U.S.
4. Why are you buying cryptocurrency?
Many people bought cryptocurrency in 2021 because they were scared of missing out, only to get burned when prices crashed. Don't buy Bitcoin because other people are or because you think you might get rich quickly. History has already shown us that crypto prices can rise and drop
Cryptocurrency is still a risky asset
I hold Bitcoin (along with other cryptocurrencies) and am certainly relieved to see prices recover. Even
so, price doesn't reflect value. It can be arbitrary and move based on speculation and market sentiment. To put it another way, the fact that Bitcoin just erased the losses of recent years doesn't automatically make it a safe investment.
If you're considering buying Bitcoin, think about the fundamentals. Some Bitcoin believers think that cryptocurrency
could become the digital currency of the internet. Others argue it is like digital gold, a store of value that cannot be controlled by
governments. Others think it could take a portion of the international remittance market, as it makes it easy for people to move money internationally.
Bitcoin's critics say it doesn't have any intrinsic value. Despite all the hype, people are not using it as a currency -- in part because of the huge price fluctuations. Some argue that Bitcoin is mostly used for illicit activities, such as money laundering and ransomware. Plus, Bitcoin mining consumes vast amounts of energy, with a carbon footprint the size of a small country.
#Write2ern
#BTC_live_market_update
I hold Bitcoin (along with other cryptocurrencies) and am certainly relieved to see prices recover. Even
so, price doesn't reflect value. It can be arbitrary and move based on speculation and market sentiment. To put it another way, the fact that Bitcoin just erased the losses of recent years doesn't automatically make it a safe investment.
If you're considering buying Bitcoin, think about the fundamentals. Some Bitcoin believers think that cryptocurrency
could become the digital currency of the internet. Others argue it is like digital gold, a store of value that cannot be controlled by
governments. Others think it could take a portion of the international remittance market, as it makes it easy for people to move money internationally.
Bitcoin's critics say it doesn't have any intrinsic value. Despite all the hype, people are not using it as a currency -- in part because of the huge price fluctuations. Some argue that Bitcoin is mostly used for illicit activities, such as money laundering and ransomware. Plus, Bitcoin mining consumes vast amounts of energy, with a carbon footprint the size of a small country.
#Write2ern
#BTC_live_market_update
What next for Bitcoin?
Crypto investors are likely used to the volatility of the crypto market. Unlike the stock market, it isn't unusual to see huge price swings in a matter of days. Indeed, Bitcoin dropped around 10% immediately after hitting its new high before climbing slightly and finishing the day around $67,000.
Crypto enthusiasts such as Galaxy Digital's Mike Novogratz say that this is just the start. But given that Novogratz was so excited about Terraform's Luna, he got a Luna tattoo before the whole enterprise caved in, it's hard to take his optimism seriously.
That said, Novogratz is not alone. A lot of insiders are confident this rally is different. That's partly because the spot Bitcoin ETFs have attracted more institutional money, which tends to be stickier. Plus, there's growing optimism that the Fed will soon start cutting rates and the U.S. might skirt a recession.
Bear in mind that neither the improved economic outlook nor the influx of institutional money say anything about Bitcoin's fundamentals. That's what matters, particularly if you are a long-term investor.
#Write2ern
#BTC70K✈️
Crypto investors are likely used to the volatility of the crypto market. Unlike the stock market, it isn't unusual to see huge price swings in a matter of days. Indeed, Bitcoin dropped around 10% immediately after hitting its new high before climbing slightly and finishing the day around $67,000.
Crypto enthusiasts such as Galaxy Digital's Mike Novogratz say that this is just the start. But given that Novogratz was so excited about Terraform's Luna, he got a Luna tattoo before the whole enterprise caved in, it's hard to take his optimism seriously.
That said, Novogratz is not alone. A lot of insiders are confident this rally is different. That's partly because the spot Bitcoin ETFs have attracted more institutional money, which tends to be stickier. Plus, there's growing optimism that the Fed will soon start cutting rates and the U.S. might skirt a recession.
Bear in mind that neither the improved economic outlook nor the influx of institutional money say anything about Bitcoin's fundamentals. That's what matters, particularly if you are a long-term investor.
#Write2ern
#BTC70K✈️
Bitcoin Reaches Another All-Time High. What Next?
Bitcoin continued its rally yesterday, breaking through the $69,000 barrier and setting a new all-time high. The leading cryptocurrency has gained almost 60% since the start of the year, per CoinMarketCap data. Its rise has been fueled by the SEC's approval of a spot Bitcoin ETF and the upcoming Bitcoin halving
Bitcoin's last high came during the crypto frenzy in November 2021. That was before the industry was shaken by a series of calamities, including the failure of Terraform's Luna, the collapse of FTX, and subsequent revelations about what both companies were doing with investor money.
If you got burned by previous crypto price crashes, or are nervous about buying Bitcoin,
you may well be wondering if this rally is different and if Bitcoin
might hold its gains. The short answer is that only time will tell.
#BTC/USDT:
#Write2Eam
Bitcoin continued its rally yesterday, breaking through the $69,000 barrier and setting a new all-time high. The leading cryptocurrency has gained almost 60% since the start of the year, per CoinMarketCap data. Its rise has been fueled by the SEC's approval of a spot Bitcoin ETF and the upcoming Bitcoin halving
Bitcoin's last high came during the crypto frenzy in November 2021. That was before the industry was shaken by a series of calamities, including the failure of Terraform's Luna, the collapse of FTX, and subsequent revelations about what both companies were doing with investor money.
If you got burned by previous crypto price crashes, or are nervous about buying Bitcoin,
you may well be wondering if this rally is different and if Bitcoin
might hold its gains. The short answer is that only time will tell.
#BTC/USDT:
#Write2Eam
in this screenshot exactly why i always buy BTC on spot if want to go long and short on future because One Red candle worth 7-9 green candles and they can easily liquid your position
#BTC_live_market_update
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#BTC_live_market_update
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What exactly is an investment strategy?
An investing strategy is a methodical technique that supports a
decision-maker's pursuit of predetermined objectives. The investor can want to increase their fortune. They might be trying to keep what they already have safe. Whatever the situation, an investing strategy must take the investor's objectives, risk tolerance, and future cash needs into account.
What Makes a Successful Strategy?
It is simple to determine what a solid investment strategy should
consist of by keeping in mind the previous description of what an
investment strategy is. If you want to develop a solid Bitcoin
investment strategy, you can refer to the following checklist.
1-Risk is a key element of any investing strategy, and
it contains your definition of risk tolerance. You can apply the brakes when the train is speeding in the wrong direction if you have determined your risk tolerance. Although it may seem inconsequential, when times are tough, judgments made in a state of desperation are never far from the mind.
2-It defines your objectives - Without objectives, an investment strategy is meaningless. What you hope to accomplish from such an interaction should be obvious from the beginning.
3-Realisticexpectations are necessary because everyone would be wealthy if making money were that simple. When approaching an investment, excitement can
cause someone to overreach. The goal should be to increase profits while lowering risks because it is the whole objective of investing.
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An investing strategy is a methodical technique that supports a
decision-maker's pursuit of predetermined objectives. The investor can want to increase their fortune. They might be trying to keep what they already have safe. Whatever the situation, an investing strategy must take the investor's objectives, risk tolerance, and future cash needs into account.
What Makes a Successful Strategy?
It is simple to determine what a solid investment strategy should
consist of by keeping in mind the previous description of what an
investment strategy is. If you want to develop a solid Bitcoin
investment strategy, you can refer to the following checklist.
1-Risk is a key element of any investing strategy, and
it contains your definition of risk tolerance. You can apply the brakes when the train is speeding in the wrong direction if you have determined your risk tolerance. Although it may seem inconsequential, when times are tough, judgments made in a state of desperation are never far from the mind.
2-It defines your objectives - Without objectives, an investment strategy is meaningless. What you hope to accomplish from such an interaction should be obvious from the beginning.
3-Realisticexpectations are necessary because everyone would be wealthy if making money were that simple. When approaching an investment, excitement can
cause someone to overreach. The goal should be to increase profits while lowering risks because it is the whole objective of investing.
#Write2Earn
What to do with the Bitcoin you buy
Bitcoin can function either as an investment or a medium of exchange. So you can either spend it, trade it or hold it.
If you're spending Bitcoin, there are a handful of retailers and digital services that allow you to use crypto as payment.
If you're investing, it's good to think about what kind of investor you want to be. Investors who day trade — a risky investment strategy that involves frequent buying and selling — try to buy Bitcoin low and sell it if and when its value moves higher.
But if you see a future for Bitcoin as a digital currency, perhaps your investment plan is to buy and hold for the long haul. Whatever your plan, know that owning Bitcoin may create a complex tax situation.
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Bitcoin can function either as an investment or a medium of exchange. So you can either spend it, trade it or hold it.
If you're spending Bitcoin, there are a handful of retailers and digital services that allow you to use crypto as payment.
If you're investing, it's good to think about what kind of investor you want to be. Investors who day trade — a risky investment strategy that involves frequent buying and selling — try to buy Bitcoin low and sell it if and when its value moves higher.
But if you see a future for Bitcoin as a digital currency, perhaps your investment plan is to buy and hold for the long haul. Whatever your plan, know that owning Bitcoin may create a complex tax situation.
#Write2Earn
How to store the Bitcoin you buy
if you're purchasing Bitcoin, you'll need a place to keep it.
Bitcoin can be stored in two kinds of digital wallets: a hot wallet or a cold wallet. With a hot wallet, transactions generally are faster, while a cold wallet often incorporates extra security steps that help to keep your assets safe but also make transactions take longer.
Hot wallet
With a hot wallet, Bitcoin is stored by a trusted exchange or provider in the cloud and accessed through an app or computer browser on the internet. Any trading exchange you join will offer a free Bitcoin hot wallet where your purchases will automatically be stored. But many users prefer to transfer and store their Bitcoin with a third-party hot wallet provider, also typically free to download and use.
Why choose a wallet from a provider other than an exchange? While advocates say the blockchain technology behind Bitcoin is even more secure than traditional electronic money transfers, Bitcoin hot wallets are an attractive target for hackers. As Bitcoin.org warns: “Many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used to store money like a bank.”
Cold wallet
A cold wallet is a small, encrypted portable device that allows you to download and carry your Bitcoin. Cold wallets can cost less than $100 and are considered much more secure than hot wallets.
When creating accounts for your digital wallets and currency exchange, use a strong password and two-factor authentication.
#Write2Earn
if you're purchasing Bitcoin, you'll need a place to keep it.
Bitcoin can be stored in two kinds of digital wallets: a hot wallet or a cold wallet. With a hot wallet, transactions generally are faster, while a cold wallet often incorporates extra security steps that help to keep your assets safe but also make transactions take longer.
Hot wallet
With a hot wallet, Bitcoin is stored by a trusted exchange or provider in the cloud and accessed through an app or computer browser on the internet. Any trading exchange you join will offer a free Bitcoin hot wallet where your purchases will automatically be stored. But many users prefer to transfer and store their Bitcoin with a third-party hot wallet provider, also typically free to download and use.
Why choose a wallet from a provider other than an exchange? While advocates say the blockchain technology behind Bitcoin is even more secure than traditional electronic money transfers, Bitcoin hot wallets are an attractive target for hackers. As Bitcoin.org warns: “Many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used to store money like a bank.”
Cold wallet
A cold wallet is a small, encrypted portable device that allows you to download and carry your Bitcoin. Cold wallets can cost less than $100 and are considered much more secure than hot wallets.
When creating accounts for your digital wallets and currency exchange, use a strong password and two-factor authentication.
#Write2Earn
Does Elon Musk own Bitcoin?
Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token.
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Billionaire Elon Musk is a huge fan of cutting-edge technology and is usually ahead of the curve when it comes to finance, but he's not a bitcoin bull. The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token.
#Write2Earn
Will Bitcoin hit a million?
Ark Invest CEO Cathie Wood in August, said that Bitcoin has the potential to surge into the six-figure range and possibly reach $1 million by 2030.In an exclusive interview with Benzinga, Wood reaffirmed her conviction that Bitcoin could achieve the $1 million mark within a time frame of five to seven years.
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Ark Invest CEO Cathie Wood in August, said that Bitcoin has the potential to surge into the six-figure range and possibly reach $1 million by 2030.In an exclusive interview with Benzinga, Wood reaffirmed her conviction that Bitcoin could achieve the $1 million mark within a time frame of five to seven years.
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Why is Bitcoin fluctuating today?
Bitcoin prices are volatile for many of the same reasons other investments are—supply and demand and how investors react to hype, news, and regulatory actions. The main difference between bitcoin and other investment prices is the magnitude in which its price changes.
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Bitcoin prices are volatile for many of the same reasons other investments are—supply and demand and how investors react to hype, news, and regulatory actions. The main difference between bitcoin and other investment prices is the magnitude in which its price changes.
#Write2Earn
Who owns the most Bitcoin?
Satoshi Nakamoto
According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto,the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.
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Satoshi Nakamoto
According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto,the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.
#Write2Earn
How many BTC are left?
2 million bitcoins
Why should youknow how many bitcoins exist and how many are left to mine? Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 2 million bitcoins left to be mined.
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2 million bitcoins
Why should youknow how many bitcoins exist and how many are left to mine? Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 2 million bitcoins left to be mined.
#Write2Earn