CANCELLATION OF BULL MARKET?
Greetings, colleagues!
Well, the next week of June flew by with a whistle, and we, as usual, have a review at the end of the week.
So, #BTC🔥🔥🔥🔥🔥
The asset is moving according to the scenario that I voiced in recent reviews.
6H First, they confirmed the break of the local uptrend, which began on 05/01 and, having rewritten the break from 11/06, they finally confirmed the break and the asset began to expand the new local downward trend. And all this happens in the range of a larger downtrend, the first high of which was 13.03

You should give some thought to purchasing either a hardware wallet or a software wallet. Both of these types of wallets are available. This makes hardware wallets the equivalent of Fort Knox when it comes to cryptocurrency storage because they are real devices that store your private keys offline. These wallets are like the Batcave of wallets; they are only accessible to you and are immune to any threats that may arise online. Software wallets, on the other hand, are applications that may be installed on your computer or mobile device. These wallets are more comparable to a high-security safe that is kept in a high-security bank vault.

It is vital to store cryptocurrencies in a secure location in order to protect your assets from being stolen, lost, or accessed without authorization. The following is a list of the most important procedures to take in order to safely keep your cryptocurrency in a wallet:

🔑The Different Types of Wallets Hardware Wallets:

🔑These are the physical devices that are used to store your private keys in an offline situation.

🔑A few examples include Trezor, Ledger Nano S, and Ledger Nano X.

🔑High security and resistance to online hacking are two advantages.

🔑On the other hand, it is expensive and transactions must be performed in person at the device.

Wallets that are software:

🔑Desktop wallets are a type of software that is normally installed on your own computer.

🔑Electrum and Exodus are two examples.

🔑Convenient and easy to use are two advantages.

🔑In the event that the computer is infected, it is susceptible to malicious software and hacking.

🔑Applications that are installed on your mobile device are referred to as mobile wallets.

🔑The Trust Wallet and Mycelium are two examples.
🔑Convenient and easily accessible when on the move.

🔑The phone is susceptible to viruses and theft if it is compromised, which is a disadvantage.

🔑The term "web wallets" refers to digital wallets that may be accessed through a web browser.

🔑Examples include MetaMask and the Binance Wallet.

🔑Accessible from any device that has internet connectivity is a strong advantage.

🔑On the other hand, it is susceptible to hacking and phishing assaults.
Bags made of paper:

🔑You will receive physical printouts of both your private and public keys.

🔑If information is stored correctly and fully offline, it offers a high level of security.

Cons: Consistently susceptible to physical damage or loss, and less convenient for transactions that occur frequently.

🔑Security Procedures for the Storing of Cryptocurrencies

Finding the Right Wallet for You:

Choose a wallet type that best suits your requirements, such as a hardware wallet for long-term storage or a software wallet for frequent transactions.
Take Precautions to Ensure Safety:

For your wallet and any other accounts that are associated with it, you should choose passwords that are both strong and unique.

Dual-Factor Authentication, often known as 2FA: Enable two-factor authentication for an additional layer of protection.

Create a backup of your wallet on a regular basis and keep the backup in a safe place after each backup.

Ensure the Safety of Private Keys:

Store private keys offline in a safe or safety deposit box. This is the best way to ensure that they are protected from unauthorized access.

When it comes to your private keys, you should never share them with anyone.
Perform Frequent Software Updates:

Protect yourself from potential vulnerabilities by ensuring that the software for your wallet and any other programs associated to it are up to date.
For large holdings, cold storage should be utilized:

For daily transactions, you should maintain a smaller quantity of your assets in hot wallets, which are online wallets, and save the majority of your assets in cold storage, which are offline wallets.

Keep an eye out for phishing and other cons:

Phishing emails, bogus websites, and other cons that aim to steal your private keys or personal information should be avoided at all costs.

Maintain a Constant Watch on Your Wallet:

Keep a close eye on the activity that occurs in your wallet and react promptly to any transactions that appear to be suspicious.

Advised Methods and Procedures

Diversify your storage options: You might want to think about using a variety of wallets in order to spread the risk.

Security of the Physical Environment: With regard to both hardware and paper wallets, it is imperative that they be kept in locations that are physically safe.

In the realm of cryptocurrency security, it is imperative that you continually educate yourself on the most effective methods and emerging dangers.

You will be able to considerably improve the safety of your cryptocurrency assets if you adhere to these procedures and select the appropriate combination of wallets.

Let's go on to discussing some of the most common choices available for both kinds of wallets. When it comes to hardware wallets, there are two options: the Ledger Nano S and the Trezor Model T. These two wallets are comparable to the superheroes of the cryptocurrency world: they are dependable, secure, and have a large number of supporters. The security of these wallets has been demonstrated time and again, and they support a wide variety of cryptocurrencies on the market.

You can choose from a variety of software wallets, such as Exodus and Atomic Wallet, among others. These are like Spider-Man and Captain America of the cryptocurrency world; they are quick, user-friendly, and constantly ready to secure your digital assets by providing you with protection. In addition to supporting a wide range of cryptocurrencies, they provide features such as built-in exchange services and portfolio tracking.

You should always remember to keep your private keys safe and secure, regardless of the wallet that you choose to use. If you were to think of them as the keys to your hidden hideout, you would not want just anyone to get their hands on them. In addition, make sure that you remember to back up the recovery word for your wallet. This phrase is similar to the secret identity of your superhero; it is the key to restoring your wallet in the event that something goes wrong.

In conclusion, when it comes to the safe storage of your cryptocurrency, you should think about utilizing either a hardware wallet for the highest level of security or a software wallet for the convenience and accessibility it provides. You just need to make sure that you don't lose your private keys or recovery phrase, and you'll be well on your way to becoming a crypto superhero!

#StartInvestingInCrypto #wallet #BnbAth #altcoins

🚨 $BTC halving begins just in 3 weeks: April 19, 2024.
I spent hundreds of hours researching how alts react to halving and was shocked...
I will delete this thread soon, as this is what will difference the losers from those who will make millions this cycle 🧵👇

➮ Many are stocking up on alts, creating huge portfolios, and expecting enormous growth after the halving.
Others are selling, fearing that after the halving, there will be stagnation and a downturn.
So, who is right? Let's figure it out...
➮ The halving will take place on April 19th, which is not so far away, and it will be the fourth halving ever.
In the picture below, you see all the halvings that have occurred.
To understand what will happen in 2024, we need to look back at 2016 and 2020 halvings 👇

But before we start...
I often share 100x gems absolutely for free, so I plan to make my profile private soon, so make sure to follow ME. @Crypto PM
1/➮ Let's start with a brief analysis of the market cap of all altcoins from 2016 to 2024
✧ I took the chart of all alts except the top 10 and currently, we have the following situation
Now let's analyze each halving separately 👇

2/➮ 2016 halving
✧ After the 2016 halving, alts were in decline for 6 months.
✧ However, this mainly happened cause in 2016 alts were not so popular, and almost all projects except BTC were of little interest.
Only by 2017 did interest emerge, leading to huge growth.

3/➮ 2020 halving
✧ In 2020, there were no downtimes, and alts continuously grew almost until the end of 2022.
✧ Crypto was much more popular by then between normies, which is why altcoins kept growing steadily, and even if there were any pullbacks, they were short-lived.

4/➮ 2024 halving
✧ This year is already showing us a different picture, as growth has already begun and seems to be ahead of the timeline.
✧ Considering the past two halvings where corrections or sideways phases occurred, but were never prolonged, we won't see any downtime.

5/➮ Ofc, it's all difficult to predict accurately, and a lot can change throughout the halving period.
✧ But considering the steady halving timeline of 1.5 years, I think we will see a gradual, steady growth over 1 year.
6/➮ It's important to consider the recent approval of the BTC ETF, which led to a large influx of new users and liquidity
✧ More liquidity will lead to less volatility
✧ BTC is almost a universally recognized rn
All this could make the upcoming bull run more prolonged
7/➮ Summing up:
✧ Considering all the above-mentioned facts, it is unlikely that we will see any sharp market movements or a freeze in the market
✧ So I think we will gradually grow as the cycle has already started
It's just my research, so remember to DYOR.

#bullruns #Halving! #HalvingHorizons