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Niels David
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#CryptoReboundStrategy The market is back and the crypto rock and roll continues. According to FXS the crypto market capitalization moved up by $253b within the first three days of the new year 2025 to $3.4 trillion. If Donald Trump isn't a bull he must be a strong confidence booster. Two crypto enthusiasts Elon Musk and Michael Saylor have a share of responsibility in the market rebound. Saylor's coy Microstraregy just added $208 million worth BTC to their reserve probably contributing to BTC price rise to $98,976 on Friday 3 January 2025. Altcoins also played notable roles in the rebound as Ethereum recorded 4.7% rise to about $3670, Ada pumped over 30% in the new week to about $1.11, Sol did pump to $216 from a retrace of $175 in past December. Among memes Pepe pumped by about 20%. Doge, BONK, a16z had significant price increases. Is it the perfect time to buy the dip? For every sound project yes buy when the price falls but for others like the high risk high reward one may apply caution and observe the market.
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a lot more need be done to clean up the house, improve confidence level
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poor tokenomics. release all at once, not in piecemeal, leaving subscribers at the receiving end of a consequent agitation
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#BitcoinTurns16 On 3 January 2025 Bitcoin turned 16. The first block of the Bitcoin Blockchain, termed the genesis block, was mined by Satoshi Nakamoto on the 3 January 2009. The beginning On 31 October 2008, the white paper detailing the basic structure and goals of the Bitcoin network was released by the developers under the pseudonym, Satoshi Nakamoto. Title of white paper: Bitcoin: A peer-to-peer electronic cash system Core concepts of the Bitcoin white paper include 1. A decentralized network 2. Use of a proof-of-work system 3. concept of a timestamp server The objective of this piece is to highlight the advantages of Bitcoin over Traditional payment system. Since its introduction financial institutions have rightly viewed Bitcoin as an enemy. Bitcoin has indeed disrupted the traditional financial system by exposing its inherent weaknesses and presenting itself a viable and reliable solution. The ability to transact securely and transparently from any place on the globe without the involvement of a third party is the most revolutionary merit of Bitcoin system. Other benefits include Faster transactions Instant payments Reduced transaction cost Financial accessibility Protection from fraud The price a Bitcoin rose to $1 in 2011 and in 2024 got to an all time high of $108,135. Have the objectives of the white paper been realized? The aim of presenting Bitcoin as a more reliable option of payment has not only been proved but has also been globally acknowledged. Bitcoin adoption as digital financial assets by nation-states and institutions is proceeding at rates never before witnessed. Conclusion In next 16 years where will Bitcoin be? Will any of its core features like immutability and transparency be disrupted? I hope not.
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pig butchering- test of greed index. not all that glitters is gold
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