The majority of the assets posted gains despite a choppy market, but there were notable decliners as well.
Near Protocol $NEAR continued to outperform the rest of 20 with a 24% advance. The protocol has recently been making moves in the decentralized AI space, which has coincided with an outsized move higher over the past few weeks.
Aptos $APT was among the undeperformers, losing 5.1% of its value last week. Filecoin $FIL and bitcoin cash BCH were the only other assets to see meaningful moves lower.
A cautionary tale about why it is better to Choose a HODL strategy
In February 2011 a StarCraft tournament was held in the US, with 56 players from all over the world taking part.
The prize for the first 4 places was $1000,
1st place was $500 2nd place was $250 3rd place was $150 4th place was $100 5-8 places was 25 BTC
25 Bitcoin were allocated for players who took 5-8 places.
At that time, the coin was worth only $1.65, meaning each player received a “consolation prize” equivalent to $41.25. If any of them had held Bitcoin until today, the prize would have been $1,500,000
NEWS 💥💥 SEC Philippines Calls on Google and Apple to Remove Binance App
The Securities and Exchange Commission (SEC) of the Philippines is taking decisive action against cryptocurrency giant Binance by calling on Google and Apple to remove its app.
This move by the SEC follows previous efforts, including requests from the National Telecommunications Commission to block access to Binance’s websites in the Philippines. Since November 2023, the SEC has been actively warning the public against investing in or using Binance’s services, indicating an increased monitoring of the platform’s activities in the country.
NEWS 🔥🔥 Philippines SEC Gave Users Three Months With An Extension to Withdraw Their Funds Before the Ban, Some Users Didn't.
In a local news report, Paolo Ong, the officer in charge of the SEC’s PhiliFintech Innovation Office, said that the SEC couldn’t endorse ways to retrieve funds after Binance is blocked by internet service providers (ISP) in the country.
Ong said that the regulator has already given a three-month warning and extended the time before the ban is implemented to give investors enough time to remove their funds from the exchange.
The official hoped that investors would have already transferred their funds to either a local exchange or their wallets within the specified time frame.
When queried about the fate of users unable to withdraw their funds in time, Ong stated that they do not have any suggested means for users to reclaim their money. He said:
“Unfortunately, we can’t endorse any method on how to take out their money now that the blocking order is out.“
On March 25, the National Telecommunications Commission (NTC) ordered internet service providers (ISPs) in the country to immediately block access to Binance. The NTC gave local ISPs five days to complete the order.
When asked why the exchange is still somewhat accessible in the country even after the notice, Ong said they are still working to implement the ban fully.
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JPMorgan Chase CEO Jamie Dimon has doubled down on his anti-bitcoin stance, emphasizing that the crypto is a fraud with no future as a currency. “It’s a Ponzi scheme,” the executive stressed. However, despite his strong opinion about bitcoin, JPMorgan is an authorized participant for Blackrock’s spot bitcoin exchange-traded fund (ETF). Dimon, while advising investors to steer clear of the cryptocurrency, also expressed that he doesn’t want to tell anyone what to do. “It’s a free country,” he emphasized.
Jamie Dimon Remains Anti-Bitcoin
The chief executive of JPMorgan Chase, Jamie Dimon, has not changed his mind about bitcoin. The executive still insists that the cryptocurrency is a fraud. In an interview with Bloomberg, aired on Wednesday, he said: Crypto like bitcoin, I’ve always said it’s a fraud.
When asked whether there is hope for crypto, Dimon replied: “If they think they are a currency, there’s no hope for it. It’s a Ponzi scheme.”
YOU CAN CHANGE YOUR FINANCIAL IN THE NEXT 9 MONTHS 📅
In the coming months , after all the noise in the market, after all the liquidations and rug pulls. The crypto market is actually good for it and will surge to new highs the problem is most people will loss a lot of money before then expecially new comers.
WITH THESE SIMPLE STEPS YOU HAVE A CHANCE ☑️
Keep most of your capital in stable coins for now 🔐
Buy in small amounts daily or every 2 days 🤏
Resist the urge to buy Bitcoin or Ethereum.🛑
Invest in newly emerging coins (less than 2 years old). 🆕️
Opt for smaller coins (valued under $500 million).🚀
Focus on robust coins within sectors like AI, data, privacy, gaming, etc.✔️
Exercise patience and wait for the right moment ⏳️
Those who didn't get it the first time, this is your second chance
Now there will be a temporal pump for big traders and miners to exit the market at the expense of your liquidations.
After that, the sell off will continue. The best way to beat the house is dollar cost averaging buy in small bits at different prices including your ALTS
Try not to over leverage sometimes the patient dog actually gets some bone