⚠️ Warning: Bitcoin could trigger an economic collapse
This opinion might not be popular—especially here on Binance—but it’s worth discussing. Blind faith in Bitcoin can be dangerous, and today I want to shed light on the risks it entails. This post isn’t about creating fear but rather about encouraging critical thinking and risk assessment.
As a supporter of cryptocurrency and Bitcoin myself, I’ve observed a troubling trend: people are rushing to buy Bitcoin at any price, ignoring a crucial possibility—it might be the largest financial pyramid eve
This time, let’s dive into fundamental topics. While technical analysis provides little guidance at this stage, and entering into a deal may not be the best option right now, there are still fundamental aspects worth discussing. 🌐 TON (The Open Network) may have a number of significant advantages over other blockchain networks. Let me explain:
1️⃣ Speed One of TON’s standout features is its speed. Transactions on the TON network are confirmed within seconds, making it one of the fastest blockc
Will FTX’s Sam Bankman-Fried Get an Early Exit from Jail with Presidential Pardon?
BeInCrypto reported earlier that there were significant concerns about Sam Bankman-Fried, the former FTX founder getting an early release from prison through Biden’s outgoing presidential pardon.
Tweets from influential figures like Elon Musk suggest that it’s a significant possibility. But what are the facts for such considerations? How likely is the FTX founder to leave prison less than a year after his conviction?
Sam Bankman-Fried Donated Over $5 Million to Biden’s Campaign
Back in 2020, when FTX’s success was at its peak, Sam Bankman-Fried donated $5.2 million to pro-Biden super PACs during the election. He was the second largest individual donor for the Democratic party after Michael Bloomberg.
Historically, political donors and their affiliates have received significant advantages in terms of convictions and pardon considerations. Take Marc Rich, for example. The infamous oil trader evaded at least $50 million in tax back in 2021.However, Rich was pardoned by Clinton on his last day in office. The pardon was controversial because Rich’s ex-wife Denise was a major Democratic donor. She contributed significantly to Clinton’s presidential library and the Democratic National Committee.
Similarly. Paul Pogue, another convicted tax fraud, was pardoned by Donald Trump in 2020. Reports suggested that this was due to Pogue’s family donating over $200,000 to Trump’s campaign.
“Sam Bankman-Fried used millions of stolen customer funds to fund political campaigns. SBF gave almost entirely to Democrats (98%) making him the second largest Dem donor. There is now a 12% chance Biden will pardon him,” Predictions market Kalshi posted on X (formerly Twitter).
So, given the historical controversy of political donors being more likely to receive clemency, it wouldn’t be too far-fetched to assume that Sam Bankman-Fried might be on President Biden’s radar.
Also, President Biden already pardoned Michael Conahan last week. Conahan was sentenced to 17 years because of the infamous ‘“kids-for-cash” scandal. He accepted bribes from private juvenile detention centers in exchange for sentencing children to those facilities, often for minor offenses.
It’s a tangible proof that Biden might not shy away from providing clemency to major offenders.
Sam Bankman-Fried Pardon Odds on Polymarket. Source: Polymarket The FTX Founder’s Campaign Finance Violation Charges were Dropped
One of the most controversial aspects of Bankman-Fried’s trial was the government’s omission of his campaign finance-related charges.
Originally, he faced eight criminal charges, including conspiracy to defraud the United States and violate campaign finance laws. However, this campaign finance charge was dropped in July 2023.
The charges were dropped initially due to a treaty obligation with the Bahamas, where Bankman-Fried was extradited. Essentially, the Bahamian government did not approve of including this specific charge in the extradition request.
However, the prosecution claimed to have a separate trial focusing on these charges. This second trial was intended to address the dropped campaign finance charge and other counts related to bribery and operating an unlicensed money-transmitting business.
However, in December 2023, prosecutors announced they would not pursue a second trial as the evidence would largely duplicate what was already presented in the first trial.
A Controversial 25-year Sentence
Earlier this year, Sam Bankman-Fried received a 25-year sentence on multiple charges of wire fraud and money laundering. However, many considered it lenient, given the scale and impact of his crimes.
The FTX collapse cost customers and creditors over $16 billion, and it wiped out more than $100 billion from the market due to the crypto winter. So, being one of the largest financial scandals in US history, many considered this sentencing to be lenient.
“Bankman-Fried and his associates want a pardon or commutation in return for campaign contributions they stole from FTX investors. Any president who agrees to this should be impeached for bribery,” wrote popular lawyer Richard W. Painter.
Prosecutors initially sought a 50-year sentence, arguing that Bankman-Fried’s crimes were “historic” in their scope and severity. They emphasized the massive financial losses suffered by FTX customers and the erosion of public trust in the cryptocurrency market.
Also, Caroline Ellison, who actively received the customer funds from FTX and Bankman-Friend, only received a 2-year sentence due to her cooperation with the prosecutors. Most surprisingly, Gary Wang, who wrote backdoor code that provided unlimited credit to Alameda, avoided jail time entirely.Given these facts and critics considering the convictions to be too lenient, there is a notable expectation in the crypto industry that Sam Bankman-Fried might be in contention for clemency.However, it’s important to note that the connection between donations and pardons isn’t always clear-cut. Presidents may have other reasons for granting clemency, and it’s difficult to prove definitively that donations were the sole or primary motivating factor.
Yet, past cases raise ethical concerns about the potential for wealthy individuals to buy their way out of legal trouble through political contributions.
Everybody need to select those things, which they understand. If they don’t there would be the trap…
Mentor For You
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Don't Fall For Greed,Newbie Must Read.
Never buy such coin which is giving higher interest rate like shown in the picture.They show higher interest in locking coin at it's peak prices and ehen start falling to bottom, interests will be also decreases day by day leaving buyers to regret.Here are some other reasons also read it carefully:- 1)Unsustainable Promises: High returns often come with high risk. These projects might offer attractive interest rates, but these may be unsustainable in the long term, leading to losses when the project fails or when it's becomes clear the returns cannot be maintained. 2)Regulatory Risk: High-yield cryptocurrency platforms may operate in a regulatory gray area or lack oversight, exposing investors to legal or financial risk. 3)Market Volatility: Cryptocurrencies are inherently volatile. A coin offering high interest could see its value drop sharply, making the interest earned insufficient to cover the loss of principal. It's important to carefully research any investment, understand the risks involved, and avoid schemes that seem too good to be true. Always ensure that the project is transparent and has a credible track record.
$GMT $STEEM $VANA Etc:-) Here i could only add 3 coins,other coins see in the picture🙂.I hope this knowledge will help you to save your money.Happy earnings.
Yes, agree that this is super disappointing. They cousl have done this better way
Dany parral
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this is what happened with me I am complete every suggestion and every task but the binance has not give me my reward idiot I think so it is balance technical fault which face just like me people I am the three USD to day before receive but not come in my account and the second one the second one is I complete my my complete task and they are not give me the point idiot
🚨When you see this happening, remember—it’s a rare occasion. Mister iM is giving out gifts just for you! Don’t miss this opportunity—come and grab what Mister iM offers you
BTC has a 6% potential in the last 3 days of 2024 ⚡️👍
It seems we are back to the initial thesis, which is great since we already profited from the previous trade entry. Now, it feels like we’re seeing the same situation unfold again. Key indicators such as the Bollinger Bands, the 50-day moving average, the volume spikes from November 13th, sufficient corrections, and the support lines are all aligning similarly.
On a fundamental note, I’d like to add the following: with just three days left until the end of 2024, there’s the “Santa Rally” 🎄phenomenon, along with the prevailing sentiment in crypto communities that it would be exciting to close the year with BTC reaching 100k. Such a milestone could act as a psychological boost, potentially fueling a strong movement for the entirety of 2025.
The 100k level is also a significant psychological barrier. Taking all this into account, I believe this is a good opportunity to enter a position with the potential for short-term profit—up to 6%—over the next few days.
However, we need to take into account the 80% correlation with the S&P 500, which is currently at its peak levels. That said, hedge funds and institutional investors are closing deals to meet their KPIs, which could provide additional support.
Hopefully, this will sustain the overall positive vibe for the last 3 days of the year.
Please comment, like, share and follow if you liked the content. Thanks!
What’s Next After BTC’s Stellar 2024 Performance? 🚀 The crypto market is buzzing as we wrap up an unforgettable 2024. Bitcoin (BTC) stole the show this year, gaining an impressive 130% during a bull run driven by the crypto-friendly atmosphere created by the U.S. elections and the dynamic combination of Donald Trump and Elon Musk. 🔥 While this explosive growth in BTC caught many by surprise, it left the altcoin market largely in the shadows. 🪙
⚡️ Elon, this is our fifth report! #5 455 followers across all platforms, 57 holders and Benzinga, Associated Press, Business Insider publications. Also we started to received attention from public resulting in $2k token purchase.
Who Holds Bitcoin Today? A Snapshot of Ownership in 2024
Bitcoin, often called “digital gold”, has grown into a global phenomenon 🌐. But who actually owns it? Let’s dive into the distribution of Bitcoin and uncover some fascinating facts about its holders.
The Individual Majority
At the heart of Bitcoin’s decentralized ethos are individuals, who collectively own 56.9% of all Bitcoin . These everyday investors range from early adopters who believed in the technology before it was mainstream to newcomers joining the market as crypto awareness spreads
6 Powerful Entry Strategies to Help You Profit Consistently 🚀
Finding the ideal entry point can be challenging, but these proven strategies can help you capitalize on market movements. I use them daily to maximize returns:
1️⃣ Bollinger Bands: Perfect for tracking when markets become overly optimistic or irrational. Enter short positions at extremes or long positions near moving averages. Spot rare entry opportunities and always combine indicators like a pro.
2️⃣ Support & Resistance Zones: Buy near support levels where prices repeatedly bounce and sell near resistance where prices struggle to break higher. For precision, use candlestick patterns like pin bars to refine your entries.
3️⃣ Fibonacci Retracements: Use the 38%, 50%, and 62% retracement levels to identify pullbacks during trends. Draw Fibonacci from swing low to swing high (or vice versa) and enter when the trend resumes. Add trendlines or moving averages for extra confirmation.
4️⃣ Consolidation Breakouts: Identify sideways price action and trade the breakout above resistance or below support. Confirm the move with volume surges for high-probability trades.
5️⃣ Trendline Reversals & Breakouts: Look for price bouncing off trendlines (reversals) or breaking them decisively (breakouts). Combining this with volume spikes can add confidence to your trades.
6️⃣ Volume Climax & Trend: Spot unusual volume spikes at key levels—these often signal reversals or continuations. Combine volume analysis with RSI to identify overbought or oversold conditions for stronger signals.
Professionals always combine strategies for confluence, backtest your setups to build confidence, use stop losses for risk management, and adapt to the market’s behavior, whether trending or ranging.
Don’t forget to follow me for more insightful trading tips and strategies. I publish valuable content regularly to help you stay ahead in the market!
There are plenty of reasons to feel optimistic about Bitcoin at the moment. Let’s dive into the fundamentals and technical analysis behind this view:
Fundamentals Driving BTC Up
1️⃣ U.S. and Trump Administration’s BTC Strategy: • Recent announcements suggest plans to build Bitcoin reserves. • Other countries are reportedly planning to follow this approach. • The administration has been making moves that could benefit crypto adoption overall.
Short-Term BTC Analysis
After a recent correction, Bitcoin seems primed for a short-term uptrend. Here’s why:
📊 Technical Signals Point to a Rebound: • Volume Surge: November 11 saw a 3x volume spike at key price levels, suggesting strong buyer interest. • Bollinger Bands: The bottom band is providing support, signaling oversold conditions. • 50 MA: The 50-day moving average is also acting as a support level, adding to bullish momentum. • 10% Decline Factored In: BTC already corrected by 10%, clearing some of the overbought conditions.
📈 Trend Analysis: • The overall trend remains bullish. • A key support line has been tested successfully, while a resistance line has flipped to support after being tested twice—classic bullish behavior.
With strong fundamentals and technical signals aligning, Bitcoin looks ready to move upward in the near term.
💡 Stay tuned for updates and insights! Don’t forget to like, share, and follow for more crypto market analysis. 🚀 Yours sincerely, Mister iM #MarketRebound
Protect your funds! Cyber threats are evolving, and even a small mistake can cost you dearly. A recent case reported by BlockBeats reveals how a victim lost $1 million due to malicious software disguised as Zoom. The malicious actors used a fake domain (us04-zoom[.]us) to execute the scam. 🚩
🔐 Stay Safe with These Tips:
1️⃣ Avoid Hot Wallets for Long-Term Storage: Browser extensions and hot wallets are convenient but vulnerable. Use cold wallets like Phantom, Trezor, or Ledger for enhanced security.
2️⃣ Verify Before You Install: Always check the source of any software and perform thorough security scans. If in doubt, don’t download!
3️⃣ Protect Your Seed Phrase: Never store your seed phrase digitally—not on your computer, phone, or cloud. Write it down on paper (or split it across multiple locations) and keep it safe offline.
💡 A Golden Rule: If you’re careless, it’s not a question of if you’ll lose your assets, but when. Learn from others’ mistakes to avoid becoming the next headline.
Be vigilant. Be proactive. Stay safe! 🔒 Yours sincerely, Mister iM
Last week, our capital was $270,430. After updating loan balances and reviewing all accounts, I added $10,428, bringing the total to $280,858 📈. Portfolio breakdown: 78% real estate, 2.9% crypto, 7.5% stocks, and 11.6% cash. Growth this week was exceptional but not sustainable long-term.
Where did the extra $10,428 come from this week? I updated my loan balances and reviewed all my accounts and savings after a long time. Turns out, I had a few thousand sitting across different accounts 🏦.
How Hawk Tuah Girl Pulled Off One of the Biggest Crypto Scams in History 🛑
Haliey Welch, better known as “Hawk Tuah Girl,” rose to fame in mid-2024 with her viral life advice videos. But her internet stardom took a dark turn when she became involved in one of the most notorious cryptocurrency scams of the year, centered around her memecoin, HAWK. The Launch of HAWK 🚀 In December 2024, Welch leveraged her massive online following to launch HAWK on the Solana blockchain. Her fans, trusting her vision, flocked to the token, causing its value to skyrocket. Within days, HA
🚨Breaking News: $USDT Could Be Delisted for EU Users by December 30
The European Union has taken a groundbreaking step in crypto regulation. By December 30, 2024, exchanges operating in the EU must delist Tether ($USDT) unless it meets the strict provisions of the Markets in Crypto-Assets (MiCA) framework. This bold move reflects the EU’s commitment to enhancing transparency, investor protection, and market stability in the crypto world. 🚀 What is MiCA? The Markets in Crypto-Assets (MiCA) regulation establishes a unified regulatory framework for digital assets