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BlackRock Research: Why Bitcoin?
BlackRock, one of the world’s largest asset management companies, has released a report highlighting why Bitcoin deserves a place in a diversified investment portfolio.
BlackRock Research: Why Bitcoin is so unique?
Let’s dive into the core reasons BlackRock believes in Bitcoin's long-term potential and its unique advantages over traditional assets.
Whether you're a seasoned investor or just starting to explore digital assets, this article will break down the essential points in a straightforward way.
Key Takeaways 💡
Bitcoin's low correlation with traditional assets makes it a strong candidate for portfolio diversification.Its limited supply and decentralized nature provide a hedge against inflation and currency debasement.BlackRock’s insights reveal how Bitcoin can potentially improve the risk-adjusted return of portfolios.
1. Bitcoin’s Unique Investment Appeal 🌟
Bitcoin has transformed from a niche digital currency into a major investment option since its inception in 2009.
Notably, BlackRock began offering Bitcoin as an asset in 2022, after years of research and analysis on its potential value.
So, why is Bitcoin Special?
BlackRock’s research highlights that Bitcoin’s non-correlation with traditional financial assets, such as stocks and bonds, makes it an attractive tool for long-term portfolio diversification. Here's why:
Low Correlation: Bitcoin’s price movements tend to be independent of traditional markets, which helps reduce overall portfolio volatility.Limited Supply: With only 21 million Bitcoins that will ever exist, the scarcity factor provides protection against inflation and currency devaluation.Sharpe Ratio Improvement: Adding a small percentage of Bitcoin to a portfolio can improve the Sharpe ratio, a measure of risk-adjusted return, by balancing risk and potential reward.
2. Key Features of Bitcoin You Should Know 🔑
2.1 Limited Supply: A Hedge Against Inflation 💰
Bitcoin’s fixed supply of 21 million coins positions it as a deflationary asset, which can potentially protect investors from inflationary pressures that fiat currencies face. Unlike traditional money that can be printed by central banks, Bitcoin’s supply is set in stone.
No Central Bank Control: Bitcoin’s value cannot be diluted through excessive printing or manipulation by central authorities, making it a long-term store of value.
Key Features of Bitcoin ⓒ. BlackRock
2.2 Decentralized Network: Power to the People 🌍
One of Bitcoin's most significant advantages is its decentralization. It operates on a peer-to-peer network without the need for intermediaries like banks or governments. This offers:
Trustless Transactions: Bitcoin allows secure transactions without relying on a central authority.Open Access: Bitcoin is the first truly global, open currency system, available to anyone with internet access, regardless of geographical boundaries.
2.3 Global, Digital, and Borderless 🌐
Bitcoin’s digital nature allows it to transcend geographical boundaries. Its global reach and ability to facilitate real-time transactions with low fees set it apart from traditional financial systems.
No Borders, No Restrictions: Bitcoin transactions can happen anywhere, at any time, without the delays and fees that typically accompany international banking.
3. Bitcoin vs. Traditional Assets 📊
3.1 Long-Term Correlation Analysis 📉
According to BlackRock, Bitcoin has demonstrated a low long-term correlation with traditional assets like stocks, bonds, and commodities. This is a crucial point for investors looking to diversify their portfolios. Here's why:
Unique Risk-Return Profile: Bitcoin reacts differently to market events compared to traditional assets. This provides a unique layer of diversification, as its price movements are often driven by different factors.Temporary Correlations: While Bitcoin might show temporary correlations with other assets during times of high market stress or liquidity crises, these correlations are often short-lived.
3.2 Bitcoin vs. Risk Assets: A Different Story ⚖️
Unlike traditional risk assets like equities, Bitcoin offers unique characteristics that can help investors balance long-term growth with short-term volatility. Despite its infamous volatility, many analysts, including BlackRock, believe that Bitcoin has the potential to be a resilient asset over the long haul.
Bitcoin's Historical Perfomance ⓒ. BlackRock
4. The Role of Bitcoin in a Diversified Portfolio 🛠️
4.1 Enhancing Portfolio Diversification 🌱
BlackRock’s research suggests that adding a small portion of Bitcoin to a diversified portfolio can improve the Sharpe ratio. The reason? Bitcoin’s low correlation with traditional assets helps reduce overall portfolio volatility.
Diversification Benefits: Even a small allocation of Bitcoin can enhance risk-adjusted returns by providing a buffer against market downturns.
4.2 Managing the Risks of High Exposure ⚠️
While Bitcoin can add value to a portfolio, BlackRock emphasizes caution. Allocating too high a percentage of Bitcoin can expose a portfolio to its inherent volatility. Therefore, careful weighting and regular rebalancing are essential to minimize risk while maximizing potential gains.
5. Bitcoin’s Role in the Future of Global Finance 🌏
5.1 An Alternative to Traditional Currency Systems 💸
Bitcoin has proven itself as a viable alternative to traditional currency systems, especially in times of financial uncertainty. Its independence from national governments makes it an attractive store of value during periods of political and economic instability.
Safety in Unstable Times: Throughout recent global events, Bitcoin has often been viewed as a "safe haven" asset, with its price quickly recovering after market dips.
U.S. Debt Growth Chart ⓒ. BlackRock
5.2 Long-Term Adoption and Growth Potential 📈
The future growth of Bitcoin hinges on its continued adoption by both institutional and retail investors. As concerns about global currency stability and inflation grow, Bitcoin’s role as a hedge against these risks could become more prominent.
Evolution of Value: Bitcoin is still in its growth phase, and its value, use cases, and adoption are expected to evolve significantly in the coming years.
Conclusion: Bitcoin, a Future Asset for Modern Portfolios 💼
BlackRock’s comprehensive analysis highlights Bitcoin as a potentially valuable addition to diversified investment portfolios. With its unique features, such as limited supply, decentralization, and low correlation with traditional assets, Bitcoin is poised to play a critical role in the financial world of tomorrow.
While the path may not be smooth, and volatility remains a concern, Bitcoin’s long-term resilience and growth potential make it an asset that investors simply cannot afford to ignore. By carefully managing the proportion of Bitcoin in a portfolio, investors can navigate the complexities of the modern financial landscape and potentially reap substantial rewards in the future. 🌱
Where to Buy Bitcoin and Why Binance is a Top Choice 🏦
For buying Bitcoin, centralized exchanges are the easiest option, and Binance stands out due to its low fees, high liquidity, and user-friendly platform. Whether you're a beginner or an experienced trader, Binance offers secure, efficient tools to buy, sell, and manage Bitcoin, making it a top choice for investors worldwide.
Binance Referral Code (20% Discount): HZKUK27QRegister Link: Click here to sign up on Binance
BlackRock Research: Why Bitcoin is so unique?
Let’s dive into the core reasons BlackRock believes in Bitcoin's long-term potential and its unique advantages over traditional assets.
Whether you're a seasoned investor or just starting to explore digital assets, this article will break down the essential points in a straightforward way.
Key Takeaways 💡
Bitcoin's low correlation with traditional assets makes it a strong candidate for portfolio diversification.Its limited supply and decentralized nature provide a hedge against inflation and currency debasement.BlackRock’s insights reveal how Bitcoin can potentially improve the risk-adjusted return of portfolios.
1. Bitcoin’s Unique Investment Appeal 🌟
Bitcoin has transformed from a niche digital currency into a major investment option since its inception in 2009.
Notably, BlackRock began offering Bitcoin as an asset in 2022, after years of research and analysis on its potential value.
So, why is Bitcoin Special?
BlackRock’s research highlights that Bitcoin’s non-correlation with traditional financial assets, such as stocks and bonds, makes it an attractive tool for long-term portfolio diversification. Here's why:
Low Correlation: Bitcoin’s price movements tend to be independent of traditional markets, which helps reduce overall portfolio volatility.Limited Supply: With only 21 million Bitcoins that will ever exist, the scarcity factor provides protection against inflation and currency devaluation.Sharpe Ratio Improvement: Adding a small percentage of Bitcoin to a portfolio can improve the Sharpe ratio, a measure of risk-adjusted return, by balancing risk and potential reward.
2. Key Features of Bitcoin You Should Know 🔑
2.1 Limited Supply: A Hedge Against Inflation 💰
Bitcoin’s fixed supply of 21 million coins positions it as a deflationary asset, which can potentially protect investors from inflationary pressures that fiat currencies face. Unlike traditional money that can be printed by central banks, Bitcoin’s supply is set in stone.
No Central Bank Control: Bitcoin’s value cannot be diluted through excessive printing or manipulation by central authorities, making it a long-term store of value.
Key Features of Bitcoin ⓒ. BlackRock
2.2 Decentralized Network: Power to the People 🌍
One of Bitcoin's most significant advantages is its decentralization. It operates on a peer-to-peer network without the need for intermediaries like banks or governments. This offers:
Trustless Transactions: Bitcoin allows secure transactions without relying on a central authority.Open Access: Bitcoin is the first truly global, open currency system, available to anyone with internet access, regardless of geographical boundaries.
2.3 Global, Digital, and Borderless 🌐
Bitcoin’s digital nature allows it to transcend geographical boundaries. Its global reach and ability to facilitate real-time transactions with low fees set it apart from traditional financial systems.
No Borders, No Restrictions: Bitcoin transactions can happen anywhere, at any time, without the delays and fees that typically accompany international banking.
3. Bitcoin vs. Traditional Assets 📊
3.1 Long-Term Correlation Analysis 📉
According to BlackRock, Bitcoin has demonstrated a low long-term correlation with traditional assets like stocks, bonds, and commodities. This is a crucial point for investors looking to diversify their portfolios. Here's why:
Unique Risk-Return Profile: Bitcoin reacts differently to market events compared to traditional assets. This provides a unique layer of diversification, as its price movements are often driven by different factors.Temporary Correlations: While Bitcoin might show temporary correlations with other assets during times of high market stress or liquidity crises, these correlations are often short-lived.
3.2 Bitcoin vs. Risk Assets: A Different Story ⚖️
Unlike traditional risk assets like equities, Bitcoin offers unique characteristics that can help investors balance long-term growth with short-term volatility. Despite its infamous volatility, many analysts, including BlackRock, believe that Bitcoin has the potential to be a resilient asset over the long haul.
Bitcoin's Historical Perfomance ⓒ. BlackRock
4. The Role of Bitcoin in a Diversified Portfolio 🛠️
4.1 Enhancing Portfolio Diversification 🌱
BlackRock’s research suggests that adding a small portion of Bitcoin to a diversified portfolio can improve the Sharpe ratio. The reason? Bitcoin’s low correlation with traditional assets helps reduce overall portfolio volatility.
Diversification Benefits: Even a small allocation of Bitcoin can enhance risk-adjusted returns by providing a buffer against market downturns.
4.2 Managing the Risks of High Exposure ⚠️
While Bitcoin can add value to a portfolio, BlackRock emphasizes caution. Allocating too high a percentage of Bitcoin can expose a portfolio to its inherent volatility. Therefore, careful weighting and regular rebalancing are essential to minimize risk while maximizing potential gains.
5. Bitcoin’s Role in the Future of Global Finance 🌏
5.1 An Alternative to Traditional Currency Systems 💸
Bitcoin has proven itself as a viable alternative to traditional currency systems, especially in times of financial uncertainty. Its independence from national governments makes it an attractive store of value during periods of political and economic instability.
Safety in Unstable Times: Throughout recent global events, Bitcoin has often been viewed as a "safe haven" asset, with its price quickly recovering after market dips.
U.S. Debt Growth Chart ⓒ. BlackRock
5.2 Long-Term Adoption and Growth Potential 📈
The future growth of Bitcoin hinges on its continued adoption by both institutional and retail investors. As concerns about global currency stability and inflation grow, Bitcoin’s role as a hedge against these risks could become more prominent.
Evolution of Value: Bitcoin is still in its growth phase, and its value, use cases, and adoption are expected to evolve significantly in the coming years.
Conclusion: Bitcoin, a Future Asset for Modern Portfolios 💼
BlackRock’s comprehensive analysis highlights Bitcoin as a potentially valuable addition to diversified investment portfolios. With its unique features, such as limited supply, decentralization, and low correlation with traditional assets, Bitcoin is poised to play a critical role in the financial world of tomorrow.
While the path may not be smooth, and volatility remains a concern, Bitcoin’s long-term resilience and growth potential make it an asset that investors simply cannot afford to ignore. By carefully managing the proportion of Bitcoin in a portfolio, investors can navigate the complexities of the modern financial landscape and potentially reap substantial rewards in the future. 🌱
Where to Buy Bitcoin and Why Binance is a Top Choice 🏦
For buying Bitcoin, centralized exchanges are the easiest option, and Binance stands out due to its low fees, high liquidity, and user-friendly platform. Whether you're a beginner or an experienced trader, Binance offers secure, efficient tools to buy, sell, and manage Bitcoin, making it a top choice for investors worldwide.
Binance Referral Code (20% Discount): HZKUK27QRegister Link: Click here to sign up on Binance
Complete Guide to Binance Referral Code and How to Use It
Binance, known as the world's largest cryptocurrency exchange, dominates the market both internationally and in countries.
With its vast and reliable ecosystem, Binance has become the number one choice for many who are involved in the cryptocurrency market, especially for those looking to trade Bitcoin ($BTC ) and make profits through investing in cryptocurrencies.
One of the perks when signing up for Binance is the opportunity to enter a Referral ID code to gain additional benefits.
Referral Code (20% Discount): HZKUK27QRegister Link: Click here to sign up on Binance
What is the Binance Referral Code?
A Binance referral code, also known as a Referral ID, is an invitation code provided by an existing Binance user to a new registrant.
When new users register using this code, they gain access to exclusive perks that Binance offers to new members. These perks often include:
Transaction fee discount of up to 20% for Spot or Futures tradingUSDT voucher after completing specific tasks
Where to find the Binance Referral Code?
To take advantage of the referral benefits, all you need to do is copy the referral code HZKUK27Q and paste it into the designated Referral ID box when you register an account on Binance.
This will grant you access to the rewards, including a new member voucher worth up to 300 USDT and potential transaction fee refunds. For Futures trading, use the code: binancebtc
How to register Referral Code?
Go to Binance’s official website or download the Binance app.Start the registration process by filling in your personal details. In the Referral ID box, enter the code HZKUK27Q to unlock the rewards.
What is a New User Gift Package?
For those who sign up using the referral code HZKUK27Q, a bonus package is available. Some of the tasks you can complete as a new user include:
Verify your account and get 20 USD instantly.Deposit 10 USDT and receive 30 USD immediately.Trade 10 USDT and get a bonus of 50 USD.
By completing these simple tasks, you can unlock rewards easily, with many other exciting tasks available for additional bonuses.
What Do I get by Entering a Binance Referral Code?
Though it is not mandatory to use a referral code when registering on Binance, doing so can help you receive up to 600 USD in vouchers if your referrer is a high-level partner with Binance.
Additionally, you'll benefit from discounts on transaction fees, which can be significant, especially if you're engaging in frequent trades using high leverage.
Transaction fees might seem small at first, but they add up quickly if you're placing hundreds or thousands of trades, making these discounts incredibly valuable in the long run.
Can I Redeem a Binance Referral Code Later?
Unfortunately, there is no way to retroactively apply a referral code to an existing Binance account.
If you missed the chance to enter a referral code during your initial registration, the only way to take advantage of the referral benefits is to create a new account and use the referral code.
What are Benefits for the Referrer?
Both the person who shares the referral code and the person who registers with the code can receive rewards.
The most common reward is a rebate on trading fees, which can range from 10% to 20%, depending on the settings chosen by the referrer.
If you register without a referral code, you won’t receive any discounts on transaction fees, making it beneficial to always sign up with a referral.
Frequently Asked Questions About Binance Referral Code
1. What is Binance Lite Referral?
Lite Referral is a program where both the inviter and the invitee can receive a 100 USDT transaction fee voucher from Binance.
To qualify, the new user must deposit 50 USD within 7 days of registration. The reward will be given in the form of vouchers, which can be found in the Reward Center.
Lite Referral Code: CPA_002FPVR8DG
2. What is the Binance Standard Referral Program?
The Standard Referral Program is the most widely used referral program on Binance. By using a referral code such as binancebtc for Futures trading, you can earn up to 20% of the transaction fee as a reward.
3. How Much Can I Earn from Binance Referral Commissions?
Spot Trading: You can earn up to 50% of the trading fee as commission.Futures Trading: You can earn 40%, which is split between the inviter and the invitee.
4. How Long Do the Fee Discounts Last?
Spot Trading: The transaction fee discount is permanent.Futures Trading: The discount applies for 12 months from the time the new user opens their account.
Where Can I See My Earned Referral Commissions?
To view the commissions you’ve earned through referrals:
Navigate to Referral → Standard Referral → Referral Overview. Your commission rebates will be displayed under the Commission Rebate section.
How to Check the List of People Who Used Your Referral Code?
You can check the list of users who signed up using your referral code by going to:
Referral → Standard Referral → Referral Overview.The list of users who signed up using your referral will be displayed under the Referrals section.
How to View the Total Commissions Earned?
To see how much you’ve earned from your referrals over different time periods (yesterday, this week, this month), go to the Dashboard section in your account.
By using a Binance referral code, both you and your referrer benefit from reduced fees and special rewards, making it a win-win situation for everyone involved. Don’t miss out on these exclusive perks!
With its vast and reliable ecosystem, Binance has become the number one choice for many who are involved in the cryptocurrency market, especially for those looking to trade Bitcoin ($BTC ) and make profits through investing in cryptocurrencies.
One of the perks when signing up for Binance is the opportunity to enter a Referral ID code to gain additional benefits.
Referral Code (20% Discount): HZKUK27QRegister Link: Click here to sign up on Binance
What is the Binance Referral Code?
A Binance referral code, also known as a Referral ID, is an invitation code provided by an existing Binance user to a new registrant.
When new users register using this code, they gain access to exclusive perks that Binance offers to new members. These perks often include:
Transaction fee discount of up to 20% for Spot or Futures tradingUSDT voucher after completing specific tasks
Where to find the Binance Referral Code?
To take advantage of the referral benefits, all you need to do is copy the referral code HZKUK27Q and paste it into the designated Referral ID box when you register an account on Binance.
This will grant you access to the rewards, including a new member voucher worth up to 300 USDT and potential transaction fee refunds. For Futures trading, use the code: binancebtc
How to register Referral Code?
Go to Binance’s official website or download the Binance app.Start the registration process by filling in your personal details. In the Referral ID box, enter the code HZKUK27Q to unlock the rewards.
What is a New User Gift Package?
For those who sign up using the referral code HZKUK27Q, a bonus package is available. Some of the tasks you can complete as a new user include:
Verify your account and get 20 USD instantly.Deposit 10 USDT and receive 30 USD immediately.Trade 10 USDT and get a bonus of 50 USD.
By completing these simple tasks, you can unlock rewards easily, with many other exciting tasks available for additional bonuses.
What Do I get by Entering a Binance Referral Code?
Though it is not mandatory to use a referral code when registering on Binance, doing so can help you receive up to 600 USD in vouchers if your referrer is a high-level partner with Binance.
Additionally, you'll benefit from discounts on transaction fees, which can be significant, especially if you're engaging in frequent trades using high leverage.
Transaction fees might seem small at first, but they add up quickly if you're placing hundreds or thousands of trades, making these discounts incredibly valuable in the long run.
Can I Redeem a Binance Referral Code Later?
Unfortunately, there is no way to retroactively apply a referral code to an existing Binance account.
If you missed the chance to enter a referral code during your initial registration, the only way to take advantage of the referral benefits is to create a new account and use the referral code.
What are Benefits for the Referrer?
Both the person who shares the referral code and the person who registers with the code can receive rewards.
The most common reward is a rebate on trading fees, which can range from 10% to 20%, depending on the settings chosen by the referrer.
If you register without a referral code, you won’t receive any discounts on transaction fees, making it beneficial to always sign up with a referral.
Frequently Asked Questions About Binance Referral Code
1. What is Binance Lite Referral?
Lite Referral is a program where both the inviter and the invitee can receive a 100 USDT transaction fee voucher from Binance.
To qualify, the new user must deposit 50 USD within 7 days of registration. The reward will be given in the form of vouchers, which can be found in the Reward Center.
Lite Referral Code: CPA_002FPVR8DG
2. What is the Binance Standard Referral Program?
The Standard Referral Program is the most widely used referral program on Binance. By using a referral code such as binancebtc for Futures trading, you can earn up to 20% of the transaction fee as a reward.
3. How Much Can I Earn from Binance Referral Commissions?
Spot Trading: You can earn up to 50% of the trading fee as commission.Futures Trading: You can earn 40%, which is split between the inviter and the invitee.
4. How Long Do the Fee Discounts Last?
Spot Trading: The transaction fee discount is permanent.Futures Trading: The discount applies for 12 months from the time the new user opens their account.
Where Can I See My Earned Referral Commissions?
To view the commissions you’ve earned through referrals:
Navigate to Referral → Standard Referral → Referral Overview. Your commission rebates will be displayed under the Commission Rebate section.
How to Check the List of People Who Used Your Referral Code?
You can check the list of users who signed up using your referral code by going to:
Referral → Standard Referral → Referral Overview.The list of users who signed up using your referral will be displayed under the Referrals section.
How to View the Total Commissions Earned?
To see how much you’ve earned from your referrals over different time periods (yesterday, this week, this month), go to the Dashboard section in your account.
By using a Binance referral code, both you and your referrer benefit from reduced fees and special rewards, making it a win-win situation for everyone involved. Don’t miss out on these exclusive perks!
So, what is going on WBTC? 🔥
The spotlight is on Justin Sun, the wealthy founder of Tron, and there's a lot to unpack.
On August 9, BitGo said they plan to expand WBTC custody to Hong Kong and Singapore during a 60-day transition. They're aiming to open the doors to more countries and institutions and spread out their security measures.
But there’s a twist: the plan involves companies tied to Justin Sun, sparking worries that he might get too much control.
Justin Sun has been in hot water before over how he managed TUSD and the HTX exchange (once called Huobi), with problems like TUSD losing its peg to the dollar and murky dealings with reserve funds.
Some folks in the crypto scene are nervous that Sun might use his influence over WBTC in ways that could shake up the market.
Reacting to these concerns, MakerDAO, a platform built on Ethereum, has suggested putting a halt to WBTC loans and slashing the Loan-to-Value (LTV) ratio to zero as a precaution.
They're also gearing up to vote on whether to keep supporting WBTC after BitGo's changes. They’re worried about Sun possibly pumping out too much WBTC or fudging the numbers on how much backing it has. They point to his recent moves with Huobi's reserves as a red flag.
BitGo's CEO, Mike Belshe, has hit back, saying their platform's setup makes foul play impossible. According to him, no WBTC can be made without Bitcoin backing it, and they're committed to keeping everything transparent with real-time proof of reserves.
After MakerDAO voiced their concerns, Justin Sun chimed in on social media. He insisted his role with WBTC is just strategic, stressing there won't be any compromises on decentralization, security protocols, or safety. He also emphasized that he doesn't hold the private keys to the WBTC reserves; those are safely tucked away using BitGo's tech.
The spotlight is on Justin Sun, the wealthy founder of Tron, and there's a lot to unpack.
On August 9, BitGo said they plan to expand WBTC custody to Hong Kong and Singapore during a 60-day transition. They're aiming to open the doors to more countries and institutions and spread out their security measures.
But there’s a twist: the plan involves companies tied to Justin Sun, sparking worries that he might get too much control.
Justin Sun has been in hot water before over how he managed TUSD and the HTX exchange (once called Huobi), with problems like TUSD losing its peg to the dollar and murky dealings with reserve funds.
Some folks in the crypto scene are nervous that Sun might use his influence over WBTC in ways that could shake up the market.
Reacting to these concerns, MakerDAO, a platform built on Ethereum, has suggested putting a halt to WBTC loans and slashing the Loan-to-Value (LTV) ratio to zero as a precaution.
They're also gearing up to vote on whether to keep supporting WBTC after BitGo's changes. They’re worried about Sun possibly pumping out too much WBTC or fudging the numbers on how much backing it has. They point to his recent moves with Huobi's reserves as a red flag.
BitGo's CEO, Mike Belshe, has hit back, saying their platform's setup makes foul play impossible. According to him, no WBTC can be made without Bitcoin backing it, and they're committed to keeping everything transparent with real-time proof of reserves.
After MakerDAO voiced their concerns, Justin Sun chimed in on social media. He insisted his role with WBTC is just strategic, stressing there won't be any compromises on decentralization, security protocols, or safety. He also emphasized that he doesn't hold the private keys to the WBTC reserves; those are safely tucked away using BitGo's tech.
Upbit, paying 140 Million Won, by not returning Luna to investor 🤬
So, here’s a crypto drama for you. Back in March 2022, a guy, let’s call him Mr. Kim, tried to send some Luna coins from his personal wallet to Binance.
But oops! He mistyped the address, and instead of hitting Binance, the coins landed in Upbit’s own wallet.
Mr. Kim wasn’t just going to gave it up. He contacted to Upbit, trying to get his coins back. But Upbit kept dragging its feet, blaming "internal processes" and delayed it.
Meanwhile, the whole Terra and Luna crash saga unfolded, and bam! The value of Luna went to ZERO!
Fast forward to a massive headache for Mr. KIM and a he lost a lot of money too. Tired of waiting, he decided to sue Upbit’s operator, Dunamu, claiming they owed him big time for the loss.
On August 2024, and the Seoul Central District Court has spoken: Upbit needs to cough up 147 million won plus some interest. The court basically said Upbit should’ve made it easier for the investor to get his coin out before everything went south.
This verdict’s a real signal to all Korea crypto exchanges.
So, here’s a crypto drama for you. Back in March 2022, a guy, let’s call him Mr. Kim, tried to send some Luna coins from his personal wallet to Binance.
But oops! He mistyped the address, and instead of hitting Binance, the coins landed in Upbit’s own wallet.
Mr. Kim wasn’t just going to gave it up. He contacted to Upbit, trying to get his coins back. But Upbit kept dragging its feet, blaming "internal processes" and delayed it.
Meanwhile, the whole Terra and Luna crash saga unfolded, and bam! The value of Luna went to ZERO!
Fast forward to a massive headache for Mr. KIM and a he lost a lot of money too. Tired of waiting, he decided to sue Upbit’s operator, Dunamu, claiming they owed him big time for the loss.
On August 2024, and the Seoul Central District Court has spoken: Upbit needs to cough up 147 million won plus some interest. The court basically said Upbit should’ve made it easier for the investor to get his coin out before everything went south.
This verdict’s a real signal to all Korea crypto exchanges.
Ripple Wins Against SEC... XRP Surges 26% 🚀
So, big news from the courtroom! In August 2024, a US court made a call on the whole Ripple Labs vs. SEC showdown.
The verdict? Ripple only has to pay 6% of what the SEC was asking for in fines. That's like being asked to cough up 20 billion bucks and only having to hand over 120 million—pretty sweet deal, right?
Here’s the scoop: The SEC was all, "Hey, Ripple, you're selling illegal securities and didn’t do the proper legwork for raising cash from investors." They wanted a whopping 2 billion dollars! But the court was like, "Nope, Ripple's not a security." So, they got slapped with a much smaller fine instead.
The ruling reconfirms that Judge Torres's decision in July last year, which found that Ripple's sales to institutional investors violated securities laws, but that its sales to retail investors did not.
Ripple's big wigs must be partying because this is basically a win for them. The price of XRP even jumped 26% to 64 cents after the news hit.
Brad Garlinghouse, the CEO of Ripple, was all pumped, saying this verdict gives them confidence that Ripple’s got some serious growth ahead.
This ruling isn’t just good news for Ripple; it's a thumbs-up for other cryptos too. Investors are buzzing, thinking this could make it tougher for the SEC to label coins as securities in the future.
So, big news from the courtroom! In August 2024, a US court made a call on the whole Ripple Labs vs. SEC showdown.
The verdict? Ripple only has to pay 6% of what the SEC was asking for in fines. That's like being asked to cough up 20 billion bucks and only having to hand over 120 million—pretty sweet deal, right?
Here’s the scoop: The SEC was all, "Hey, Ripple, you're selling illegal securities and didn’t do the proper legwork for raising cash from investors." They wanted a whopping 2 billion dollars! But the court was like, "Nope, Ripple's not a security." So, they got slapped with a much smaller fine instead.
The ruling reconfirms that Judge Torres's decision in July last year, which found that Ripple's sales to institutional investors violated securities laws, but that its sales to retail investors did not.
Ripple's big wigs must be partying because this is basically a win for them. The price of XRP even jumped 26% to 64 cents after the news hit.
Brad Garlinghouse, the CEO of Ripple, was all pumped, saying this verdict gives them confidence that Ripple’s got some serious growth ahead.
This ruling isn’t just good news for Ripple; it's a thumbs-up for other cryptos too. Investors are buzzing, thinking this could make it tougher for the SEC to label coins as securities in the future.
How do you make money from shorting?
Short selling is like betting that the price of something is going to go down. Instead of making money from prices going up, which is what happens when you "go long," you make cash if they fall.
This is pretty common in the stock market, but you can also see it in places like crypto, commodities, and forex.
Why go short?
It’s not just about making a quick buck. It's also a safety move. Like, if you've got some Bitcoin and you're worried the price might drop, you can "short" the same amount. This move is called hedging because it kinda protects your investment.
Big players like hedge funds use short selling to manage risks or bet on future price changes.
How do you make money from shorting?
Imagine you think Ethereum is gonna drop from $6,000. You’ve got $3,000, and you decide to double up with 2x leverage, putting you at a $6,000 short position. If Ethereum does drop to $5,400, you could make a 10% profit after fees.
In shorting, you sell high first and aim to buy back lower. It’s the reverse of going long.
Short Selling on Binance
Here's a quick how-to for shorting on Binance:
1. Set Up an Account: Just sign up and get verified.
2. Deposit Funds: Put some USDT in your futures account.
3. Pick Your Asset: Like, say, BTCUSDT.
4. Set Leverage and Go Short: Choose how much leverage you want and open a short.
It sounds easy, but you need to know what you're doing with trading and the platform.
What are the risks?
Short selling sounds great when markets drop, but the risks are big. Prices can climb forever, theoretically, which means losses can be huge too.
Before you jump in, make sure you understand how to size your positions right and use stop-loss orders to cut potential losses. Being smart about how much leverage you use and keeping enough margin to avoid getting wiped out is key.
Timing is everything
With short selling, timing is key. Jump in too soon or too late, and you might hit a rebound or miss out on a price drop.
Final thoughts
Shorting can be a smart move to guard against losses or make extra cash if you know the ropes. But it takes a lot of know-how and nerves because of the high stakes involved. Always be super clear on your strategies and ready for whatever the market throws your way before you decide to go short.
This is pretty common in the stock market, but you can also see it in places like crypto, commodities, and forex.
Why go short?
It’s not just about making a quick buck. It's also a safety move. Like, if you've got some Bitcoin and you're worried the price might drop, you can "short" the same amount. This move is called hedging because it kinda protects your investment.
Big players like hedge funds use short selling to manage risks or bet on future price changes.
How do you make money from shorting?
Imagine you think Ethereum is gonna drop from $6,000. You’ve got $3,000, and you decide to double up with 2x leverage, putting you at a $6,000 short position. If Ethereum does drop to $5,400, you could make a 10% profit after fees.
In shorting, you sell high first and aim to buy back lower. It’s the reverse of going long.
Short Selling on Binance
Here's a quick how-to for shorting on Binance:
1. Set Up an Account: Just sign up and get verified.
2. Deposit Funds: Put some USDT in your futures account.
3. Pick Your Asset: Like, say, BTCUSDT.
4. Set Leverage and Go Short: Choose how much leverage you want and open a short.
It sounds easy, but you need to know what you're doing with trading and the platform.
What are the risks?
Short selling sounds great when markets drop, but the risks are big. Prices can climb forever, theoretically, which means losses can be huge too.
Before you jump in, make sure you understand how to size your positions right and use stop-loss orders to cut potential losses. Being smart about how much leverage you use and keeping enough margin to avoid getting wiped out is key.
Timing is everything
With short selling, timing is key. Jump in too soon or too late, and you might hit a rebound or miss out on a price drop.
Final thoughts
Shorting can be a smart move to guard against losses or make extra cash if you know the ropes. But it takes a lot of know-how and nerves because of the high stakes involved. Always be super clear on your strategies and ready for whatever the market throws your way before you decide to go short.
Should I buy some Bitcoin now? But what if I end up buying at the top? 😰
In the asset market, there is a term "Market Timing." Market timing is a strategy to find the optimal investment timing in the market, and it's important in Bitcoin investment as well.
Firstly, the essence of market timing is to predict the market's direction and buy at the low point and sell at the high point. In simple terms, it's a strategy to buy cheap and sell expensive.
However, as attractive as this sounds, it's really difficult to accurately predict the market. This is true not only for the stock market but also for the cryptocurrency market.
According to research from Boston College and Morningstar, "Investors who attempted market timing often showed lower performance than those who held investments for the long term."
Especially with crypto assets, because of its high volatility, it's even more difficult to catch the exact bottom and top of the market.
So, what's the conclusion? If you're thinking about investing in cryptocurrencies like Bitcoin, it's more important to have a long-term perspective and be clear about your reasons for buying before investing.
Rather than asking if it's okay to buy Bitcoin now, it would be more appropriate to approach it from a perspective of asset allocation, considering your investment goals and risk tolerance.
If you have a positive outlook on the long-term future of Bitcoin, using a dollar-cost averaging strategy, where you invest a fixed amount regularly, can also be a good approach.
Ultimately, the "Market Timing" strategy of buying low and selling high may look appealing, but the success of an investment is often more dependent on adhering to your own investment principles and reasons for buying, as well as your risk management strategy, than on the accuracy of your entry timing. This applies to any asset, including Bitcoin.
So, is it okay to buy Bitcoin now? Well, you should first ask yourself, "Why do you want to buy it? How much and for how long do you plan to invest?"
In the asset market, there is a term "Market Timing." Market timing is a strategy to find the optimal investment timing in the market, and it's important in Bitcoin investment as well.
Firstly, the essence of market timing is to predict the market's direction and buy at the low point and sell at the high point. In simple terms, it's a strategy to buy cheap and sell expensive.
However, as attractive as this sounds, it's really difficult to accurately predict the market. This is true not only for the stock market but also for the cryptocurrency market.
According to research from Boston College and Morningstar, "Investors who attempted market timing often showed lower performance than those who held investments for the long term."
Especially with crypto assets, because of its high volatility, it's even more difficult to catch the exact bottom and top of the market.
So, what's the conclusion? If you're thinking about investing in cryptocurrencies like Bitcoin, it's more important to have a long-term perspective and be clear about your reasons for buying before investing.
Rather than asking if it's okay to buy Bitcoin now, it would be more appropriate to approach it from a perspective of asset allocation, considering your investment goals and risk tolerance.
If you have a positive outlook on the long-term future of Bitcoin, using a dollar-cost averaging strategy, where you invest a fixed amount regularly, can also be a good approach.
Ultimately, the "Market Timing" strategy of buying low and selling high may look appealing, but the success of an investment is often more dependent on adhering to your own investment principles and reasons for buying, as well as your risk management strategy, than on the accuracy of your entry timing. This applies to any asset, including Bitcoin.
So, is it okay to buy Bitcoin now? Well, you should first ask yourself, "Why do you want to buy it? How much and for how long do you plan to invest?"
Binance's CPT Framework: Decoding the Crypto Market? 👀
Recently, Binance has introduced an innovative tool known as the CPT Framework to help stakeholders gauge the pulse of the market.
This framework is built on three fundamental pillars: Capital, People, and Technology.
Each of these aspects provides a unique insight into the forces shaping the crypto landscape.
1. Capital 💰: This pillar examines the financial influx into the market, tracking how investments and liquidity affect market stability and growth.
2. People 👥: A critical component, People looks at user engagement and community growth. This includes not only the number of active users but also the broader sentiment towards cryptocurrency in the public sphere.
3. Technology 🛠️: The final pillar focuses on the technological advancements in blockchain and related innovations. It assesses how these technologies improve security, efficiency, and scalability of the crypto systems.
Understanding these three components helps investors and enthusiasts make informed decisions amidst the market’s volatility.
The CPT Framework by Binance serves as a robust tool to navigate through these turbulent waters, offering a clearer view of where the market is headed and why.
As cryptocurrency continues to integrate into the mainstream financial system, tools like the CPT Framework will be vital for analyzing and predicting market trends.
For further reading on how Binance's framework is applied to current market analyses, you can check out the detailed discussions here: https://www.cr7pt0.com/2024/07/recent-crypto-trends-and-the-binance-cpt-framework.html
Recently, Binance has introduced an innovative tool known as the CPT Framework to help stakeholders gauge the pulse of the market.
This framework is built on three fundamental pillars: Capital, People, and Technology.
Each of these aspects provides a unique insight into the forces shaping the crypto landscape.
1. Capital 💰: This pillar examines the financial influx into the market, tracking how investments and liquidity affect market stability and growth.
2. People 👥: A critical component, People looks at user engagement and community growth. This includes not only the number of active users but also the broader sentiment towards cryptocurrency in the public sphere.
3. Technology 🛠️: The final pillar focuses on the technological advancements in blockchain and related innovations. It assesses how these technologies improve security, efficiency, and scalability of the crypto systems.
Understanding these three components helps investors and enthusiasts make informed decisions amidst the market’s volatility.
The CPT Framework by Binance serves as a robust tool to navigate through these turbulent waters, offering a clearer view of where the market is headed and why.
As cryptocurrency continues to integrate into the mainstream financial system, tools like the CPT Framework will be vital for analyzing and predicting market trends.
For further reading on how Binance's framework is applied to current market analyses, you can check out the detailed discussions here: https://www.cr7pt0.com/2024/07/recent-crypto-trends-and-the-binance-cpt-framework.html
Are you ready for $BANANA?
Do you like 🍌 Banana? Yes, I do. I ate one banana in the morning. Do you know what?
The first Binance HODLers Airdrop project!
Binance is launching its first airdrop project featuring the Banana Gun ($BANANA) token.
From June 23 to July 5, 2024, users holding BNB in Binance Earn products will be eligible for the airdrop, with random snapshots determining the distribution.
What..? $Banana?
I know the name is weird, but $BANANA is the token of the Banana Gun project, which is an automated on-chain trading bot.
$BANANA has a total supply of 10 million tokens, with 800,000 allocated as rewards for HODLers.
Trading for BANANA will commence on Binance starting July 20, 2024.
So are you ready?
Yes, I think so. Here's more details.
- Snapshot Period: June 23, 2024, 00:00 (UTC) - July 5, 2024, 23:59 (UTC)
- How to Participate: Held BNB in Binance Earn products to automatically participate
- Project Overview: $BANANA is the ecosystem token for the Banana Gun bot
- Token Details: Total supply 10,000,000 BANANA, HODLer rewards 800,000 BANANA
- Listing Schedule: Trading starts on Binance on July 20, 2024, at 09:00 (UTC)
The first Binance HODLers Airdrop project!
Binance is launching its first airdrop project featuring the Banana Gun ($BANANA) token.
From June 23 to July 5, 2024, users holding BNB in Binance Earn products will be eligible for the airdrop, with random snapshots determining the distribution.
What..? $Banana?
I know the name is weird, but $BANANA is the token of the Banana Gun project, which is an automated on-chain trading bot.
$BANANA has a total supply of 10 million tokens, with 800,000 allocated as rewards for HODLers.
Trading for BANANA will commence on Binance starting July 20, 2024.
So are you ready?
Yes, I think so. Here's more details.
- Snapshot Period: June 23, 2024, 00:00 (UTC) - July 5, 2024, 23:59 (UTC)
- How to Participate: Held BNB in Binance Earn products to automatically participate
- Project Overview: $BANANA is the ecosystem token for the Banana Gun bot
- Token Details: Total supply 10,000,000 BANANA, HODLer rewards 800,000 BANANA
- Listing Schedule: Trading starts on Binance on July 20, 2024, at 09:00 (UTC)
From Sceptic to Believer: Blackrock CEO Larry Pink and Bitcoin
Recently, it's been reported that Larry Fink, the CEO of BlackRock, has completely changed his stance on Bitcoin.
Today, we're going to explore why this change occurred and how BlackRock is transforming the cryptocurrency market.
Change in Larry Fink's View on Bitcoin
Previously, Larry Fink viewed Bitcoin negatively, calling it as an "index of money laundering" due to concerns that it could be used for illegal transactions.
However, he now sees Bitcoin as a promising asset class suitable for inclusion in investment portfolios for several reasons:
Low Correlation: Bitcoin has a low correlation with traditional financial assets, which aids in diversifying portfolios.Legitimate Financial Product: As many institutions and countries adopt cryptocurrencies, Bitcoin is increasingly recognized as a legitimate financial product.Protection Against Currency Devaluation: Bitcoin can serve as a store of value during times of excessive fiscal deficits leading to currency devaluation.Freedom of Investment: Bitcoin operates independently of central banks and government control, offering individuals an asset they can hold free from governmental interference.
BlackRock's Market Participation and Ecosystem Change
BlackRock has been collaborating with Coinbase to provide infrastructure that makes it easier for institutional investors to access cryptocurrencies. This collaboration plays a significant role in boosting the credibility of the cryptocurrency market.
In particular, BlackRock's application for a Bitcoin ETF has been a positive development for the cryptocurrency market, providing a platform for numerous institutions to participate in cryptocurrency trading.
The positive remarks from Larry Fink and BlackRock's participation in the cryptocurrency market have significantly enhanced investor confidence.
These moves by BlackRock are contributing to the recognition of cryptocurrencies not just as speculative assets, but as stable investment vehicles.
As a result, Bitcoin is increasingly being recognized as a reliable and stable investment asset, transcending its previous image as merely a speculative asset.
Today, we're going to explore why this change occurred and how BlackRock is transforming the cryptocurrency market.
Change in Larry Fink's View on Bitcoin
Previously, Larry Fink viewed Bitcoin negatively, calling it as an "index of money laundering" due to concerns that it could be used for illegal transactions.
However, he now sees Bitcoin as a promising asset class suitable for inclusion in investment portfolios for several reasons:
Low Correlation: Bitcoin has a low correlation with traditional financial assets, which aids in diversifying portfolios.Legitimate Financial Product: As many institutions and countries adopt cryptocurrencies, Bitcoin is increasingly recognized as a legitimate financial product.Protection Against Currency Devaluation: Bitcoin can serve as a store of value during times of excessive fiscal deficits leading to currency devaluation.Freedom of Investment: Bitcoin operates independently of central banks and government control, offering individuals an asset they can hold free from governmental interference.
BlackRock's Market Participation and Ecosystem Change
BlackRock has been collaborating with Coinbase to provide infrastructure that makes it easier for institutional investors to access cryptocurrencies. This collaboration plays a significant role in boosting the credibility of the cryptocurrency market.
In particular, BlackRock's application for a Bitcoin ETF has been a positive development for the cryptocurrency market, providing a platform for numerous institutions to participate in cryptocurrency trading.
The positive remarks from Larry Fink and BlackRock's participation in the cryptocurrency market have significantly enhanced investor confidence.
These moves by BlackRock are contributing to the recognition of cryptocurrencies not just as speculative assets, but as stable investment vehicles.
As a result, Bitcoin is increasingly being recognized as a reliable and stable investment asset, transcending its previous image as merely a speculative asset.
🎯 What is a market timing strategy and does it work?
Market timing is a strategy that attempts to predict the direction of the market and maximise profits by buying #BTC or #BNB at the lows and selling at the highs.
However, accurate predictions are difficult to make and the odds of success are low for most investors.
Studies have shown that long-term investors often outperform market timers.
Bottom line: watch the market closely, but a steady approach with a long-term investment strategy may be better!
📖 Read more at:
https://www.cr7pt0.com/2024/07/market-timing-explained.html?m=1
Market timing is a strategy that attempts to predict the direction of the market and maximise profits by buying #BTC or #BNB at the lows and selling at the highs.
However, accurate predictions are difficult to make and the odds of success are low for most investors.
Studies have shown that long-term investors often outperform market timers.
Bottom line: watch the market closely, but a steady approach with a long-term investment strategy may be better!
📖 Read more at:
https://www.cr7pt0.com/2024/07/market-timing-explained.html?m=1
How to Get 45% Discount on Fees at Binance?
Are you interested in saving on fees while trading Bitcoin and other cryptocurrencies on Binance?
Here is a simple guide that anyone can follow to receive up to 45% off on fees.
🔥 Use 20% Referral Discount Code: PVZRIK24
🔥 Use BNB to pay fees for Additional 25% Discount
🔥 Now We Get Total Discount of 45%!
🎁 How to Receive 20% Discount on Binance Sign-ups?
When signing up for Binance for the first time, you can get a 20% discount by entering a special referral code.
The referral code to enter during registration on Binance is PVZRIK24.
Or you can simply use this link, which already has the discount code applied: 👉 Binance Signup (20% Discount)
Using this code to access the Binance registration page will automatically apply the discount.
Be careful to enter the code correctly and verify the discount rate after signing up!
🤔 How to Receive an Additional 25% Discount Using BNB?
After receiving the 20% discount, you can get an additional 25% discount by paying transaction fees with BNB coins.
After logging into Binance, activate the option to pay fees with BNB in the fee settings page.
With this option enabled and paying fees with BNB, an additional 25% discount is automatically applied.
This applies to spot transactions, while future transactions receive an additional 10% discount.
😉 How to Verify the Fee Discount?
You can check the initial 20% discount details on the Binance referral page. There is kickback section which you can check the discount from the referral code.
Additionally, fees paid with BNB can be checked in [Wallet] > [Spot Orders] > [Trade History].
If you see that the fees have been deducted in BNB, then the additional 25% discount has been successfully applied.
🙈 Don't Miss Out on a Free 45% Discount Opportunity!
By combining these two discount methods, you can receive up to a 45% reduction in trading fees on Binance.
This can result in significant savings, especially for frequent traders, so be sure to take the advantage!
Are you interested in saving on fees while trading Bitcoin and other cryptocurrencies on Binance?
Here is a simple guide that anyone can follow to receive up to 45% off on fees.
🔥 Use 20% Referral Discount Code: PVZRIK24
🔥 Use BNB to pay fees for Additional 25% Discount
🔥 Now We Get Total Discount of 45%!
🎁 How to Receive 20% Discount on Binance Sign-ups?
When signing up for Binance for the first time, you can get a 20% discount by entering a special referral code.
The referral code to enter during registration on Binance is PVZRIK24.
Or you can simply use this link, which already has the discount code applied: 👉 Binance Signup (20% Discount)
Using this code to access the Binance registration page will automatically apply the discount.
Be careful to enter the code correctly and verify the discount rate after signing up!
🤔 How to Receive an Additional 25% Discount Using BNB?
After receiving the 20% discount, you can get an additional 25% discount by paying transaction fees with BNB coins.
After logging into Binance, activate the option to pay fees with BNB in the fee settings page.
With this option enabled and paying fees with BNB, an additional 25% discount is automatically applied.
This applies to spot transactions, while future transactions receive an additional 10% discount.
😉 How to Verify the Fee Discount?
You can check the initial 20% discount details on the Binance referral page. There is kickback section which you can check the discount from the referral code.
Additionally, fees paid with BNB can be checked in [Wallet] > [Spot Orders] > [Trade History].
If you see that the fees have been deducted in BNB, then the additional 25% discount has been successfully applied.
🙈 Don't Miss Out on a Free 45% Discount Opportunity!
By combining these two discount methods, you can receive up to a 45% reduction in trading fees on Binance.
This can result in significant savings, especially for frequent traders, so be sure to take the advantage!
Congratulations to all Short holders with us! 😎
Solana has finally experienced a significant decline, validating our short-selling analysis, which we shared three weeks ago. It's important to exercise patience and discipline in trading.
We mentioned regarding Solana's target of $80. Although this target was reached a week ago, but the moving was fast to take the profit properly. The decision to wait for confirmation demonstrates your commitment to prudent trading strategies.
In the dynamic world of financial markets, carefully assessing timing and executing trades thoughtfully is crucial for long-term success.
Also, market timing is undoubtedly challenging, but by effectively managing risk through prudent position sizing, leverage, and employing stop-loss strategies, we can enhance our overall success rate.
We invite you to follow our updates to gain valuable insights and stay informed.
Solana has finally experienced a significant decline, validating our short-selling analysis, which we shared three weeks ago. It's important to exercise patience and discipline in trading.
We mentioned regarding Solana's target of $80. Although this target was reached a week ago, but the moving was fast to take the profit properly. The decision to wait for confirmation demonstrates your commitment to prudent trading strategies.
In the dynamic world of financial markets, carefully assessing timing and executing trades thoughtfully is crucial for long-term success.
Also, market timing is undoubtedly challenging, but by effectively managing risk through prudent position sizing, leverage, and employing stop-loss strategies, we can enhance our overall success rate.
We invite you to follow our updates to gain valuable insights and stay informed.
LIVECR7PT0
--
Bearish
📉 SOL SHORT SIGNAL
We have initiated a short position on SOL (Solana) with an average short price of 95.3 USDT. Our expected target for this short position is 80 USDT, and we are utilizing 2x leverage.
It's crucial to emphasize that trading in the cryptocurrency market carries inherent risks. Before acting on this signal, we strongly recommend conducting your own thorough research and analysis.
This signal is generated based on our quantitative trading system and is intended for informational purposes only. Always consider your risk tolerance and trading strategy when making decisions in the crypto market.
We have initiated a short position on SOL (Solana) with an average short price of 95.3 USDT. Our expected target for this short position is 80 USDT, and we are utilizing 2x leverage.
It's crucial to emphasize that trading in the cryptocurrency market carries inherent risks. Before acting on this signal, we strongly recommend conducting your own thorough research and analysis.
This signal is generated based on our quantitative trading system and is intended for informational purposes only. Always consider your risk tolerance and trading strategy when making decisions in the crypto market.
📉 SOL SHORT SIGNAL
We have initiated a short position on SOL (Solana) with an average short price of 95.3 USDT. Our expected target for this short position is 80 USDT, and we are utilizing 2x leverage.
It's crucial to emphasize that trading in the cryptocurrency market carries inherent risks. Before acting on this signal, we strongly recommend conducting your own thorough research and analysis.
This signal is generated based on our quantitative trading system and is intended for informational purposes only. Always consider your risk tolerance and trading strategy when making decisions in the crypto market.
We have initiated a short position on SOL (Solana) with an average short price of 95.3 USDT. Our expected target for this short position is 80 USDT, and we are utilizing 2x leverage.
It's crucial to emphasize that trading in the cryptocurrency market carries inherent risks. Before acting on this signal, we strongly recommend conducting your own thorough research and analysis.
This signal is generated based on our quantitative trading system and is intended for informational purposes only. Always consider your risk tolerance and trading strategy when making decisions in the crypto market.
Bitcoin is currently trading around $44,000. What is the next moving? 🤔
We have observed a short signal on both the 1-hour and 4-hour charts, yet the 1-day timeframe chart still indicates a long position.
Consequently, there are two viable strategies: a short-term short position in futures or seeking profit in the spot market.
However, it is crucial to acknowledge that there are no guarantees in trading. Conduct your own analysis and implement stop-loss orders to manage risk effectively.
*Please note that this is not a recommendation for either short or long positions. It is simply a sharing of opinions and algorithmic signals based on our system.
We have observed a short signal on both the 1-hour and 4-hour charts, yet the 1-day timeframe chart still indicates a long position.
Consequently, there are two viable strategies: a short-term short position in futures or seeking profit in the spot market.
However, it is crucial to acknowledge that there are no guarantees in trading. Conduct your own analysis and implement stop-loss orders to manage risk effectively.
*Please note that this is not a recommendation for either short or long positions. It is simply a sharing of opinions and algorithmic signals based on our system.
Ethereum Deflation and Ultra-Sound Money 🔊
After Ethereum's historic merge upgrade, the Ethereum community is entering a new era.
Ethereum has now become an 'Ultra Sound Money' , which means that over time, Ethereum's circulation volume decreases, and its purchasing power and value increase.
#Ethereum and deflation 💸
Before the merge upgrade, Ethereum used a proof-of-work (PoW) system that issued about 14,000 ETH of new ether every day.
However, after completing the transition to proof-of-stake (PoS), the amount of ether issued decreased significantly. As a result, Ethereum entered a state of deflation.
In addition, the burning mechanism (EIP-1559) through increased usage of the Ethereum network is burning more ether than the rewards from staking. Consequently, the circulation of Ethereum is no longer increasing but decreasing.
Sound Money and Ultra Sound Money 💰
Sound money refers to currency whose purchasing power remains stable over time. Assets like gold and Bitcoin are examples of traditional sound money.
On the other hand, Ultra Sound Money has purchasing power It refers to a deflationary currency that is not only stable but also increases in value over time.
In the case of Ethereum, after the merge upgrade, it effectively reduced the amount of Ether in circulation, ultimately becoming the driving force behind converting Ethereum into ultra-sound money.
Final Thoughts 🌟
Ethereum has become a deflationary, ultra sound money after successfully completing the transition from proof-of-work to proof-of-stake. Ethereum is at the center of the virtual asset ecosystem, and its value is likely to continue to rise as transaction usage increases further in the future.
After Ethereum's historic merge upgrade, the Ethereum community is entering a new era.
Ethereum has now become an 'Ultra Sound Money' , which means that over time, Ethereum's circulation volume decreases, and its purchasing power and value increase.
#Ethereum and deflation 💸
Before the merge upgrade, Ethereum used a proof-of-work (PoW) system that issued about 14,000 ETH of new ether every day.
However, after completing the transition to proof-of-stake (PoS), the amount of ether issued decreased significantly. As a result, Ethereum entered a state of deflation.
In addition, the burning mechanism (EIP-1559) through increased usage of the Ethereum network is burning more ether than the rewards from staking. Consequently, the circulation of Ethereum is no longer increasing but decreasing.
Sound Money and Ultra Sound Money 💰
Sound money refers to currency whose purchasing power remains stable over time. Assets like gold and Bitcoin are examples of traditional sound money.
On the other hand, Ultra Sound Money has purchasing power It refers to a deflationary currency that is not only stable but also increases in value over time.
In the case of Ethereum, after the merge upgrade, it effectively reduced the amount of Ether in circulation, ultimately becoming the driving force behind converting Ethereum into ultra-sound money.
Final Thoughts 🌟
Ethereum has become a deflationary, ultra sound money after successfully completing the transition from proof-of-work to proof-of-stake. Ethereum is at the center of the virtual asset ecosystem, and its value is likely to continue to rise as transaction usage increases further in the future.
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