iknownothing
@iknownothing
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BLACKROCK finally endorses Bitcoin (and crypto in general) - He sees #BTC as 'digital gold'
In an interview on CNBC on Monday, BlackRock (BLK) CEO Larry Fink had strong words for the crypto market.
"As you know," Fink told CNBC's Jim Cramer, "I was a skeptic [about bitcoin]."
"I was a proud skeptic," Fink added. "And I studied it, learned about it, and I came away saying, 'My opinion five years ago was wrong. Here's my opinion today: I believe in the opportunity today.' I believe bitcoin is legitimate."
For some in the crypto community, these words from the CEO of the world's largest asset manager will be just that: words said by a powerful man in finance. They never needed Fink's, or anyone else's, validation.
For others, these comments are another significant step in bringing bitcoin (BTC-USD) — and cryptocurrencies more broadly — into the same conversation as stocks, bonds, and the other accepted constituents of a balanced portfolio.
Speaking later about bitcoin's role as a hedge against currency debasement and financial instability, Fink added, "I'm a major believer that there is a role for bitcoin in portfolios ... I see it as digital gold."
#btctoday #Write2Earn #CryptoNewsCommunity #CryptoNewss
In an interview on CNBC on Monday, BlackRock (BLK) CEO Larry Fink had strong words for the crypto market.
"As you know," Fink told CNBC's Jim Cramer, "I was a skeptic [about bitcoin]."
"I was a proud skeptic," Fink added. "And I studied it, learned about it, and I came away saying, 'My opinion five years ago was wrong. Here's my opinion today: I believe in the opportunity today.' I believe bitcoin is legitimate."
For some in the crypto community, these words from the CEO of the world's largest asset manager will be just that: words said by a powerful man in finance. They never needed Fink's, or anyone else's, validation.
For others, these comments are another significant step in bringing bitcoin (BTC-USD) — and cryptocurrencies more broadly — into the same conversation as stocks, bonds, and the other accepted constituents of a balanced portfolio.
Speaking later about bitcoin's role as a hedge against currency debasement and financial instability, Fink added, "I'm a major believer that there is a role for bitcoin in portfolios ... I see it as digital gold."
#btctoday #Write2Earn #CryptoNewsCommunity #CryptoNewss
$BTC BlackRock Inc. co-founder and CEO Larry Fink says his initial skepticism of cryptocurrencies like bitcoin has been abandoned, in an interview with CNBC on Monday.
While acknowledging earlier doubts, Fink said he became a believer in cryptocurrencies after dedicating some time to studying and learning about Bitcoin. He now sees a place for crypto in the average investor’s portfolio.
#btcetf #CryptoETFs #etfbtc #BlackRock #write2earn
While acknowledging earlier doubts, Fink said he became a believer in cryptocurrencies after dedicating some time to studying and learning about Bitcoin. He now sees a place for crypto in the average investor’s portfolio.
#btcetf #CryptoETFs #etfbtc #BlackRock #write2earn
2 altcoins that get my attention this week are $FLOKI and $NOT Both coins have a strong growing gamers-backed community behind them and they are both in the top 100 of cryptocurrencies. In fact, despite being a newcomer Notcoin performed handsomely over the weekend (those who read my previous post know what I am talking about).
What's also interesting is that for both altcoins (nearly) all coins are in circulation and they are not controlled by a handful of owners, which protects us better from market manipulation.
My intention (you will do your own research of course) is to buy more of each in the .00022 range for Floki and the .018 range for Notcoin.
It's useless to make an exact prediction of the value of these coins at a certain point in time, but I see a nice up potential for both coins in the weeks and months to come, based on their current robust fundamentals.
#Notcoinnews #FlokiCoin #notfloki #altcoins #Write2Earn
What's also interesting is that for both altcoins (nearly) all coins are in circulation and they are not controlled by a handful of owners, which protects us better from market manipulation.
My intention (you will do your own research of course) is to buy more of each in the .00022 range for Floki and the .018 range for Notcoin.
It's useless to make an exact prediction of the value of these coins at a certain point in time, but I see a nice up potential for both coins in the weeks and months to come, based on their current robust fundamentals.
#Notcoinnews #FlokiCoin #notfloki #altcoins #Write2Earn
Judging by the last few days' direction of the Notcoin $NOT price movement, I plan to buy a moderate amount of it at the current market price and go long-term on this one.
Analysts expect $NOT to have the potential for exponential growth (that's a good thing) and all coins are in circulation (that's a very good thing too).
One estimate is that this coin could see the 0.047 level in 2025.
That is over 3x its current value.
Userbase is over 30 million on Telegram while Telegram itself provides the ideal platform for the coin to flourish. Web3 casual games have great potential to grow on the popular platform.
All these are very good things too 🤑
But be aware, the total equivalent of the coin in USD is only about 1.3 Billion at the current price level! So investing in it is still a very risky business. The coin ranks n° 73 at the moment.
Only invest what you can afford to lose would be my advice here.
Happy trading to you all and enjoy the weekend
#NOTCOİN #notusdt #write2earn
Analysts expect $NOT to have the potential for exponential growth (that's a good thing) and all coins are in circulation (that's a very good thing too).
One estimate is that this coin could see the 0.047 level in 2025.
That is over 3x its current value.
Userbase is over 30 million on Telegram while Telegram itself provides the ideal platform for the coin to flourish. Web3 casual games have great potential to grow on the popular platform.
All these are very good things too 🤑
But be aware, the total equivalent of the coin in USD is only about 1.3 Billion at the current price level! So investing in it is still a very risky business. The coin ranks n° 73 at the moment.
Only invest what you can afford to lose would be my advice here.
Happy trading to you all and enjoy the weekend
#NOTCOİN #notusdt #write2earn
solana seems to have a robust resistance level around 165. I would give $SOL a moderate buy at the moment. there is a lot of up potential at the moment. keep some cash on the side to buy more if solana drops below 160. but I see solana going towards the 185 to 195 level after the weekend. #SolanaUSTD #write2earn
time to sell some $ETH ladies and gentlemen. Take some profit. Ethereum will not hit 4k in the days to come. Look for a 3.6k to 3.5k resistance level instead in the coming weekdays. When $ETH dips again below 3.3k it's time to buy more. keep leverage low or limit to spot trading like I do. Have great trading results everyone. I am sharing my opinion so don't take this as trading advice, rather do your own research instead. Have a great day!
The past week $BTC has been jojo-ing between 60k and 63.5k. I am less bearish for bitcoin than a week ago, but still prudent. I may start buying moderate volumes again if I see some upward movement when the US markets open. Sentiments on traditional global marlets are expected to be rather flat this week. good luck to you all. Happy trading!
#Bitcoinblockchain #Btcpricealert #Write2Earn
#Bitcoinblockchain #Btcpricealert #Write2Earn
Is there is a 'Best' Time to Trade $BTC or other cryptocurrencies?
The short answer: Yes, during US market opening hours.
More info based on market data:
Unlike traditional markets, cryptocurrency markets remain open 24/7, even during public holidays.
The global and ceaseless nature of cryptocurrency trading poses some challenges for traders like finding the best time to trade.
Finding the right hours to conduct trades is not just a challenge for spot traders, but also for investors in decentralized finance (DeFi) tokens.
The history:
Crypto trading had fairly straightforward patterns before its mainstream adoption began in earnest in mid-2020. Western institutions avoided crypto at all costs, and trading, along with other crypto activities like mining, was concentrated in Asia.
But those patterns changed.
However, as institutional adoption brought more trading volume to the Western hemisphere, the timing has changed. Now, the best time to trade is usually during market hours of stocks in the U.S., which is 9:30 a.m. to 4:00 p.m. EST.
Bitcoin $BTC spot volume tends to peak during U.S. stock market hours, especially at the opening bell.
About weekend trading.
Trading crypto on weekends can be risky due to limited liquidity in the market. With traditional financial institutions closed, there are fewer participants, leading to increased volatility and wider bid-ask spreads. These unfavorable trading conditions can result in significant losses.
About the time of the year.
Similar to stocks, cryptocurrencies tend to see low trading volume during the summer, as many traders go on vacation and are not focused on trading. Crypto tends to see the most gains during the spring and fall months.
Understanding some of the market trends allows you to better understand the market and make better trading decisions.
I wish you all good trading timings and a bit of luck as well :)
#write2earn🌐 #BTCTrading #strategy #tradingtechnique #TimingIsKey
The short answer: Yes, during US market opening hours.
More info based on market data:
Unlike traditional markets, cryptocurrency markets remain open 24/7, even during public holidays.
The global and ceaseless nature of cryptocurrency trading poses some challenges for traders like finding the best time to trade.
Finding the right hours to conduct trades is not just a challenge for spot traders, but also for investors in decentralized finance (DeFi) tokens.
The history:
Crypto trading had fairly straightforward patterns before its mainstream adoption began in earnest in mid-2020. Western institutions avoided crypto at all costs, and trading, along with other crypto activities like mining, was concentrated in Asia.
But those patterns changed.
However, as institutional adoption brought more trading volume to the Western hemisphere, the timing has changed. Now, the best time to trade is usually during market hours of stocks in the U.S., which is 9:30 a.m. to 4:00 p.m. EST.
Bitcoin $BTC spot volume tends to peak during U.S. stock market hours, especially at the opening bell.
About weekend trading.
Trading crypto on weekends can be risky due to limited liquidity in the market. With traditional financial institutions closed, there are fewer participants, leading to increased volatility and wider bid-ask spreads. These unfavorable trading conditions can result in significant losses.
About the time of the year.
Similar to stocks, cryptocurrencies tend to see low trading volume during the summer, as many traders go on vacation and are not focused on trading. Crypto tends to see the most gains during the spring and fall months.
Understanding some of the market trends allows you to better understand the market and make better trading decisions.
I wish you all good trading timings and a bit of luck as well :)
#write2earn🌐 #BTCTrading #strategy #tradingtechnique #TimingIsKey
Raoul Pal spoke out and focused mainly on Bitcoin $BTC Ether $ETH and Solana $SOL when giving us his view on the movement of these cryptos this summer and further into 2025.
Pal identified a banana zone pattern in the charts of both Sol and BTC, which he interprets as a bullish flag formation.
Pal believes that Solana will accelerate its outperformance against both BTC and ETH.
Pal warns investors against using excessive leverage, forecasting a few significant corrections during the euphoria.
His advice to investors is to maintain a balanced approach above all and not to jump into every meme hype.
full article on binance news
#solbullish #BTCbullish #BullorBear" #Write2Earn #ethbtc
Pal identified a banana zone pattern in the charts of both Sol and BTC, which he interprets as a bullish flag formation.
Pal believes that Solana will accelerate its outperformance against both BTC and ETH.
Pal warns investors against using excessive leverage, forecasting a few significant corrections during the euphoria.
His advice to investors is to maintain a balanced approach above all and not to jump into every meme hype.
full article on binance news
#solbullish #BTCbullish #BullorBear" #Write2Earn #ethbtc
Bitcoin $BTC continues to drop. CryptoPotato suggests that this is a correction that could potentially push prices back to the $50K range before going up again. Bitcoin is currently in correction mode. A correction is to be expected after half a year of steep ups.
Other factors such as war, recession fears, inflation, and reduced ETF buying all contribute to the bear sentiment. Layers of support are at $60K, $56K, and $52K, each one becoming more likely if the one above it is broken.
My views on the market are in line with CryptoPotato analyst views.
I am just sharing my views on the market and I don't intend to give trading advice whatsoever. What you do with your money is entirely up to you. Always do your own research.
#btc #bitcoin #BTCBearish #BTCbitcoin #Write2earn
Other factors such as war, recession fears, inflation, and reduced ETF buying all contribute to the bear sentiment. Layers of support are at $60K, $56K, and $52K, each one becoming more likely if the one above it is broken.
My views on the market are in line with CryptoPotato analyst views.
I am just sharing my views on the market and I don't intend to give trading advice whatsoever. What you do with your money is entirely up to you. Always do your own research.
#btc #bitcoin #BTCBearish #BTCbitcoin #Write2earn
Q1 results in China show that the economic engine that is running at a lower rpm than expected:
#GlobalEconomics #write2earn🌐💹 #ChinaEconomy #BTCBearish
BEIJING, April 27 (Reuters) - China's industrial profits fell in March and slowed gains for the quarter compared to the first two months, official data showed on Saturday, raising doubts about the strength of a recovery for the world's second-biggest economy.
Cumulative profits of China's industrial firms rose 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter from a year earlier, National Bureau of Statistics (NBS) data showed, slower than a 10.2% rise in the first two months.
source: Reuters: https://www.reuters.com/world/china/chinas-first-quarter-industrial-profits-rise-slower-pace-2024-04-27/
The latest data suggests that China’s underlying demand remains weak and that the economy is likely being boosted by government-subsidized investment in new technologies. Meanwhile, Chinese prices are flirting with deflation, producer prices are falling, inbound foreign investment has weakened, and households are increasing savings to offset the loss of wealth due to declining property prices.
Source and full article: Deloitte: https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
#GlobalEconomics #write2earn🌐💹 #ChinaEconomy #BTCBearish
BEIJING, April 27 (Reuters) - China's industrial profits fell in March and slowed gains for the quarter compared to the first two months, official data showed on Saturday, raising doubts about the strength of a recovery for the world's second-biggest economy.
Cumulative profits of China's industrial firms rose 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter from a year earlier, National Bureau of Statistics (NBS) data showed, slower than a 10.2% rise in the first two months.
source: Reuters: https://www.reuters.com/world/china/chinas-first-quarter-industrial-profits-rise-slower-pace-2024-04-27/
The latest data suggests that China’s underlying demand remains weak and that the economy is likely being boosted by government-subsidized investment in new technologies. Meanwhile, Chinese prices are flirting with deflation, producer prices are falling, inbound foreign investment has weakened, and households are increasing savings to offset the loss of wealth due to declining property prices.
Source and full article: Deloitte: https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html
$BTC bulls have been pulling back since April 19th.
A recent Bloomberg News article suggests that optimistic Bitcoin traders are dialing back their bets on the leading cryptocurrency as two significant driving forces – robust inflows into U.S. spot Bitcoin ETFs and the hype surrounding the Bitcoin halving event – lose steam.
As reported by Bloomberg, the Bitcoin funding rate, which represents the premium traders pay to open new long positions in the perpetual futures market, dipped into negative territory on April 19, marking the first such occurrence since October 2023. This shift implies a cooling of demand for Bitcoin following a period of all-time highs propelled by the launch of ten US-listed spot Bitcoin ETFs on January 11.
Source: Coinalyze
A recent Bloomberg News article suggests that optimistic Bitcoin traders are dialing back their bets on the leading cryptocurrency as two significant driving forces – robust inflows into U.S. spot Bitcoin ETFs and the hype surrounding the Bitcoin halving event – lose steam.
As reported by Bloomberg, the Bitcoin funding rate, which represents the premium traders pay to open new long positions in the perpetual futures market, dipped into negative territory on April 19, marking the first such occurrence since October 2023. This shift implies a cooling of demand for Bitcoin following a period of all-time highs propelled by the launch of ten US-listed spot Bitcoin ETFs on January 11.
Source: Coinalyze
Hey! Has anyone seen the $BTC Bulls today?
Quote
" ... bulls have long been an important symbol in many religions, including for SACRIFICES. These animals play a significant role in BEEF ranching ...
... the female counterpart to a bull is a cow, while a male of the species that has been CASTRATED is a steer, ox, or bullock, although in North America, this last term refers to a young bull ..."
source wikipedia
maybe they all turned into cows overnight?
or worse,... sheep 🤭
My view, btc is going to the 61k to 57k level in the short term and possibly even further down. in the long run we may see 75k to 80k but not before the end of summer.
just sharing my view, this is not intended as investment advice. always do your own research.
Btw did you see that alphabet (google parent company) shot up 10% yesterday? In one day the company added 200 billion usd to its value. Hats off to that! They were the real bulls yesterday I guess 🦬
#Write2Earn #btc #BitcoinTrends #bullorbear
Quote
" ... bulls have long been an important symbol in many religions, including for SACRIFICES. These animals play a significant role in BEEF ranching ...
... the female counterpart to a bull is a cow, while a male of the species that has been CASTRATED is a steer, ox, or bullock, although in North America, this last term refers to a young bull ..."
source wikipedia
maybe they all turned into cows overnight?
or worse,... sheep 🤭
My view, btc is going to the 61k to 57k level in the short term and possibly even further down. in the long run we may see 75k to 80k but not before the end of summer.
just sharing my view, this is not intended as investment advice. always do your own research.
Btw did you see that alphabet (google parent company) shot up 10% yesterday? In one day the company added 200 billion usd to its value. Hats off to that! They were the real bulls yesterday I guess 🦬
#Write2Earn #btc #BitcoinTrends #bullorbear
1st ever market manipulation conviction in cryptocurrency:
Avraham Eisenberg was found guilty by a jury on all three charges of fraud and market manipulation in a $110 million scheme on the Mango Markets platform.
Eisenberg engaged in trades that artificially inflated the value of Mango Markets' native token, MNGO
This was the first conviction for market manipulation in the crypto arena.
Eisenberg now faces up to 20 years in prison.
FULL ARTICLE: https://www.investopedia.com/cryptocurrency-market-news-transaction-fees-spike-bitcoin-halving-8636756
#Write2Earn #cryptofraud #MarketManipulation #conviction
Avraham Eisenberg was found guilty by a jury on all three charges of fraud and market manipulation in a $110 million scheme on the Mango Markets platform.
Eisenberg engaged in trades that artificially inflated the value of Mango Markets' native token, MNGO
This was the first conviction for market manipulation in the crypto arena.
Eisenberg now faces up to 20 years in prison.
FULL ARTICLE: https://www.investopedia.com/cryptocurrency-market-news-transaction-fees-spike-bitcoin-halving-8636756
#Write2Earn #cryptofraud #MarketManipulation #conviction
The number of the beast! $BTC at 66,666 usd. The devil is at our doorstep 🤑 #Write2Earn #bitcoinuptrend
A lesson from Vietnam: Do not trust your banker
First a bit of context:
As the USA and China are not exactly close buddies lately, we see investors shifting some of their money and industrial supply chains towards Vietnam, away from its big brother in the North.
But their new playground may not seem as stable as they thought though...
Why I hear you ask?
Well, in general, Vietnam's banks already suffer from very low public confidence and they also have high levels of non-performing loans. There is also a total lack of international auditing.
On top of that rather dark banking picture, we witnessed property developer Truong My Lan being sentenced to death recently for her role in Vietnam’s biggest-ever fraud case.
As a result of her financial fraud (ongoing for years), the State Bank of Vietnam (their central bank) had to initiate a rescue operation and inject 24 billion USD of 'special loans' into the infected bank Saigon Joint Stock Commercial Bank (SCB) to keep her afloat.
According to the prosecutors, the total damages caused by the scam amounted to 27 billion USD by the way...
To put things into perspective, that is about 6% of the GDP of Vietnam, a country of about 100 million people.
Or how about this comparison? That is the kind of money that major governments on average spent rescuing lenders during the global financial crisis...
So what do we learn from this?
Never trust your banker :)
Some cool facts about the trial:
Documents related to the trial were kept in 105 boxes and weighed 6 tonnes.
More than 1,000 properties belonging to Lan have been seized.
Nearly 2,700 individuals were summoned for the trial, which included 200 lawyers.
#nevertrustyourbank #vietnam #Write2Earn #banks #Scams
First a bit of context:
As the USA and China are not exactly close buddies lately, we see investors shifting some of their money and industrial supply chains towards Vietnam, away from its big brother in the North.
But their new playground may not seem as stable as they thought though...
Why I hear you ask?
Well, in general, Vietnam's banks already suffer from very low public confidence and they also have high levels of non-performing loans. There is also a total lack of international auditing.
On top of that rather dark banking picture, we witnessed property developer Truong My Lan being sentenced to death recently for her role in Vietnam’s biggest-ever fraud case.
As a result of her financial fraud (ongoing for years), the State Bank of Vietnam (their central bank) had to initiate a rescue operation and inject 24 billion USD of 'special loans' into the infected bank Saigon Joint Stock Commercial Bank (SCB) to keep her afloat.
According to the prosecutors, the total damages caused by the scam amounted to 27 billion USD by the way...
To put things into perspective, that is about 6% of the GDP of Vietnam, a country of about 100 million people.
Or how about this comparison? That is the kind of money that major governments on average spent rescuing lenders during the global financial crisis...
So what do we learn from this?
Never trust your banker :)
Some cool facts about the trial:
Documents related to the trial were kept in 105 boxes and weighed 6 tonnes.
More than 1,000 properties belonging to Lan have been seized.
Nearly 2,700 individuals were summoned for the trial, which included 200 lawyers.
#nevertrustyourbank #vietnam #Write2Earn #banks #Scams
Be careful with buying $BTC today. As you have noticed there is a slight up movement. right now $BTC is hovering around 66k, but the trading volumes are very very low. my guess is that the whales are waiting for another peak between 69k and 71k to take more profit. institutional buyers will not move in before Bitcoin hits another low around 50k
I have put a sell order to sell 20% $BTC at 66.5k. I prefer to make some funds available to buy again at a lower price.
I am just sharing my views on the market and I don't intend to give trading advice whatsoever. What you do with your money is entirely up to you. Always do your own research.
I have put a sell order to sell 20% $BTC at 66.5k. I prefer to make some funds available to buy again at a lower price.
I am just sharing my views on the market and I don't intend to give trading advice whatsoever. What you do with your money is entirely up to you. Always do your own research.