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
The collective analysis of these on-chain metrics presents a broadly optimistic picture for Bitcoin's long-term prospects:
Support for growth: Many metrics indicate a strong support for continued growth. Long-term holders are accumulating, stablecoin inflows are increasing, and miner activity suggests confidence in BTC's future. Market sentiment: The sentiment among holders and traders remains positive, with a significant number of long positions and a steady outflow of BTC from exchanges indicating trust in Bitcoin's long-term value. Supply dynamics: The reduced selling pressure from long-term holders and miners, combined with growing stablecoin capitalization, suggests a stable and supportive environment for BTC.
❓Should you buy or sell? While on-chain metrics show a favorable long-term outlook for Bitcoin, it's crucial to remember that market conditions can change rapidly.
Here are some considerations based on the analysis: Buy: If you have a long-term investment horizon, the current metrics suggest that Bitcoin is well-supported for future growth. Accumulating BTC during periods of stability and lower prices could be a prudent strategy. Hold: If you are already invested in Bitcoin, the metrics support holding your position. The market sentiment and support levels indicate potential for future appreciation. Caution: For short-term traders, it's essential to stay vigilant. While the long-term outlook is positive, short-term fluctuations and pullbacks are possible. Pay close attention to market trends and be prepared for volatility.
Now, let us delve deeper into the vast expanse of funding possibilities in the crypto realm. Alongside seed funding, venture capital (VC) funding emerges as a popular alternative, drawing the attention of institutional investors.
There is an important difference between seed funding and VC funding: the amount of money involved. VC funding provides a larger sum of money to help startups grow and succeed. However, this kind of funding comes with certain conditions and closer examination from careful investors.
In comparison, seed funding is like a flexible lifeline that gives startups the important support they need to begin their journey without giving away too much ownership of their new business. It creates an environment where startups can have more control and independence over their own project, which is very important in the fast-paced and always-changing crypto industry.
#GAL fell sharply from the support level of $3.15-$3.0 and reached the bottom of the descending channel.
It seems that the correction process will end soon, but the price needs some time to rest and accumulate liquidity. If the current level is maintained, the price will return to the broken support. Breaking the bottom of the channel and the current level will push the price towards $1.650. #Galusdt
#Bitcoin🪙 price dropped to $58,520 and returned to the descending channel before reaching the support level.
The descending channel is still valid, and if the price can break it upwards, it is a sign of the resumption of the ascent towards the resistance level of $72,000-74,000. Otherwise, the price will decrease to the support level of $57500-$56200.
US District Court In Columbia Rejects SEC's Claim That BNB Secondary Sales Are Securities
According to PANews, the US District Court in the District of Columbia has dismissed the claim by the US Securities and Exchange Commission (SEC) that secondary sales of BNB are securities.
The court's decision marks a significant development in the ongoing debate over the classification of digital assets. The SEC's claim was based on the assertion that BNB secondary sales fell under the category of securities, a classification that carries specific regulatory implications.
However, the court rejected this claim, providing a potential precedent for future cases involving digital assets and their classification. This decision could have far-reaching implications for the digital asset industry, potentially influencing future regulatory decisions and the legal status of various digital assets.
The court's decision is a significant development in the ongoing debate over the classification of digital assets.
#BTC formed a double bottom and made a bounce. Price made a small channel pattern had a break but still moving with-in a range. A break below back tot he support zone, will be high probable reversal for the market. #BTC☀
Extending the support on the left, #BTC exactly bounced from the support zone around $59,500 and strong reacting. There's still a lot of bearish momentum on the left or it might be just a pullback, so can't just anticipate a clean reversal. #BTC☀
#FTM has broken the uptrend line on the daily time frame, but the trend is still unchanged.
The price started to decrease after reaching the ceiling of $1.23 and has decreased by more than 50% so far. The price recently reached the support level of $0.4500-0.5700 and actually tested the dynamic resistance that was broken.
As long as the price remains higher than the current level, it is an upward trend, and we can expect a strong return to the previous ceiling. But if this level is violated, trend will change to bearish. #FTMUSD
🇺🇸 SEC stopped investigating the status of Ethereum, MicroStrategy bought 11,931 BTC, Notcoin will abandon the idea of a clicker game, the Winklevosses donated $2 million in bitcoins to Trump and other events of the past week.
We tell you what happened in the cryptocurrency market over the past week:
🪙 Bitcoin price dropped to $64,000
The first cryptocurrency started the week above $66,000, but already fell to $65,000 on Monday, June 17. On Friday, June 21, the digital gold failed the $64,000 level.
👀 SEC ends investigation regarding Ethereum's status
The enforcement division of the US Securities and Exchange Commission (SEC) has closed its investigation into Ethereum 2.0. This is stated in a statement by ConsenSys.
The SEC took this step after the organization sent a letter requesting clarification of the asset class when approving spot ETH-ETFs.
📈 MicroStrategy has bought 11,931 BTC and issued $800 million worth of stock
MicroStrategy acquired an additional 11,931 BTC for $785 million (~$65,883 per coin) using convertible bill proceeds and excess cash.
In total, the firm now holds 226,331 BTC, acquired for roughly $8.33 billion. At the time of writing, these assets are valued at $14.5 billion
#Ethereum⚪️ has performed better than Bitcoin in the last two weeks.
Now the price is moving in the channel of an ascending flag pattern, these fluctuations can be considered to correct the upward step that the price has already done, so the trend is still upward.
Seeing the change from green to red candles, I am assuming that the market is witnessing a period of uncertainty and doubt.
If Ethereum moves to hit a new high vs late May, we can consider higher prices because the chart structure changed. As long as the May high holds as resistance, we continue aiming lower.
The price of #PEOPLE easily crossed the support level of $0.09700 - $0.10050. Now, this level has become a resistance.
After breaking the support, the price is now retesting that area. If the market trend continues downward in the coming week, the next target, which is the $0.04400 area, can be easily reached.
Trend is bearish in the 4-hour time frame, but it's still bullish in the higher time frame. If the price is maintained above $0.07400, the price will be returned to the previous top.
The price of #AR decreased by more than 30% and reached the specified areas and has reacted to these areas.
The price recently broke the dynamic resistance and is testing it again. If the price continues above the current level and reaches above $29.830, it will resume its upward trend and try to retest the resistance level of $44.500 - $49.500. .
If the price falls below the specified level, the double top pattern in the chart will be completed, and the possibility of a decrease to $14.5 will increase. #ARUSDUT
An ascending channel has formed in the daily time frame in the #OCEAN price chart. Recently, the price has completed an ascending harmonic pattern, and the price has reached the bottom of the ascending channel, then reacted to it.
If the price is still supported by the bottom of the channel, the price will grow according to the pattern and will reach the top of the channel after breaking the dynamic resistance. Break under the channel could indicate a weakening of the trend, leading to a bullish invalidation and potentially significant price declines. #OCEANUSDT.P