In the whirlwind arena of digital currency, let’s take a moment to journey back to its origin – the inception of Bitcoin.
The year was 2008. Financial institutions were floundering, economies were on the brink, and trust in the conventional system was dwindling. Just when the world yearned for a beacon, an enigmatic entity known as Satoshi Nakamoto emerged from the shadows.
Armed with a revolutionary whitepaper, Nakamoto presented to the world: Bitcoin. What set it apart?
The Future of Trading: Embracing the Evolution and Impact of AI-Based Trading Robots
The landscape of financial trading has undergone significant evolution in the past few decades. From floor trading to electronic trading, and now to AI-assisted trading, technology has continuously shaped and reshaped the way we interact with the markets. Today, AI-based trading robots are at the forefront of this evolution, promising to revolutionize trading as we know it. But what makes these intelligent machines the future of trading? Let's delve into the journey of AI in trading, explore fou
Grabbing Your Share of the Billion-Dollar Crypto Pie
Navigating your browser to coinmarketcap.com, a leading online cryptocurrency data aggregator, unveils an ever-evolving financial landscape. Here, more than 26,000 unique digital currencies currently exist, a testament to the remarkable diversification of this new-age financial ecosystem.
Each one of these cryptocurrencies is a unique entity with its own value proposition, offering distinctive technological capabilities, and fulfilling varied economic purposes. From decentralized finance (DeFi)
The market cap of BTC is well poised to grow bigger. As usual, and as always, keep accumulating BTC and other good crypto.
There are so many ways to do it. You could HODL, trade, stake, farm, mine and offer services.
So do something anyway. Start from where you are and use what you have. Keep learning, and keep improving.
Find ways and means to improve your knowledge and skills. Seek the right mentors and follow them.
Crypto is to be the biggest revolution the world has ever seen. And somehow or rather, you and I, are smack at the right point in time, to make the most of it.
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Benzinga
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Market Guru Says a $1.5 Trillion Bitcoin Market Cap Is Coming — Here's How
In an interview with Bloomberg last week, macro guru Hugh Hendry said that Bitcoin’s (CRYPTO: BTC) total market cap is likely to almost triple in size.
Hendry said that Bitcoin will be one of the top-performing assets when macroeconomic conditions worsen and that its market cap is likely to reach to $1.5 trillion.
“Bitcoin’s market cap is half a trillion dollars. And Bitcoin finds itself in the world of asset allocation within a bucket that we call alternatives, you know, private equity, commercial property, gold et. al. It is a $100 trillion bucket and Bitcoin is half a trillion dollars. So it could triple and be one and a half trillion dollars. It would be half the size of Apple,” Hendry said.
According to Hendty, Bitcoin’s market cap will likely get a boost from regulators targeting other digital assets they don’t consider a commodity and from increased institutional involvement, such as BlackRock’s Bitcoin spot ETF push.
Also Read: Here's Why This Analyst Says A $10T Market Cap For Bitcoin Can Happen
He also indicated that high-interest rates are likely to cause an economic downturn.
“When you raise rates to 5% in the UK, we’re at 20%. And we’re going to break things. That’s what the markets are telling you,” he added.
Speaking about investing in gold, Hendry said that gold is a sound investment during a downturn but that the drawback is that there is limited potential to the upside for the precious metal.
“Gold is a defense. The upside is modest. Gold is capitalized at $13 trillion. Gold would be the equivalent size of all U.S. stocks,” Hendry said.
At the time of writing, Bitcoin was trading at $30,442, up by 14 percent in the last seven days.
Now Read: Analyst Says Bitcoin Is More Likely To Surge Than Plummet
The crypto market is a bit like a rollercoaster ride. You've got highs, lows, and a whole lot of twists and turns. It's exciting, but it's also a place where your feelings can get the best of you. And in trading, letting emotions control your decisions often leads to losses.
When you start trading crypto on Binance, you're stepping into a world where your money's at stake. It can be a nerve-wracking place, especially because the market can change quickly and without warning.
This is a good post. It tells you about signals, signal providers, market movement, and ultimately what you should do.
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sagaciousfwesh
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Trade Signals: 3 Things You Should Know
I've come across many trade signal groups on social media platforms like Telegram and Twitter. Some of these groups ask for registration fees, which can be quite high. I don't want to discourage you from seeking trade signals, but I want to bring some important facts to your attention.
1. Cryptocurrency trading, especially futures trading, is uncertain and highly volatile. Traders use technical analysis and other tools to try and predict how the market might move. Sometimes they get it right, but sometimes they don't.
What does this mean?
In math, if you have an equation to solve and you know the variables and the final answer, you can use the right tools (formulas) to get the correct answer. But in trading, variables like crypto news, trading volume, and market direction are unknown. It's like solving an equation without a definite answer. The outcome depends on what happens during the day. If more people predict a certain direction, the trade favors them. Otherwise, it goes the other way.
2. There are some traders called "whales" who have their trading groups. They keep an eye on public signals and wait for others to enter a trade. Once it's clear that these traders are trying to make a profit, the whales jump in and go against them, making money when those traders lose. Since whales have a lot of money, when the trade starts going against small traders, they panic and cut their losses, which helps the whales make even more profit.
3. Some signals are given by people who don't trade in the same direction. Not everyone giving signals is trustworthy.
In the end, the best thing to do is to study the market yourself and trade based on your analysis. Technical analysis and other tools don't guarantee success. A trade that seems to be going well can suddenly turn bad, so it's important to know when to take profits. Using high leverage can increase your profits, but it can also lead to big losses. It's better to use lower leverage and have a good amount of capital.
Remember, the cryptocurrency market can't be predicted with certainty, so don't rely too much on analysis.
Germany's $1.4 trillion banking giant Deutsche Bank files for crypto custody license.
Deutsche Bank's leap into the world of crypto custody shows that even the "TradFi" giants don't want to miss out on the crypto craze.
They're joining the party, eager to dip their toes into the ever-growing pool of digital assets. Who knew that even the most traditional of banks would want a slice of the crypto pie?
It seems like everyone wants a piece of the crypto action these days, even the ones who used to scoff at the mere mention of Bitcoin.
So, buckle up folks, because the banks are stepping into the crypto rollercoaster, ready to ride the waves of digital fortune with a suit and tie.
Who said banking couldn't have a sense of humor? Or is it, the banks are just going FOMO.
Lightning Network is coming to Binance. This is progress.
With LN one would be able to send Sats almost instantly for negligible fees. This is truly a game changer, as it allows mass adoption of BTC as an easy and simple method to transfer value.
I believe, that once this has been rolled out in Binance, we will see the value of BTC increase.
Mastering Emotional Balance: Key to Success in the Cryptocurrency Market
The cryptocurrency market is known for its high volatility, and traders must learn to control their emotions in order to succeed. Emotional decision-making often leads to losses, making it crucial for traders to remain calm and rational in their approach.
Entering the world of crypto trading means exposing your money to a volatile market, which can evoke strong emotional responses. It is important to understand this aspect and be prepared for the fluctuations that may occur.
Spot Market: Manage Risks and Execute Trades with Confidence.
Let's explore the features of the spot market that allows one to manage risks and execute trades with confidence.
Flexibility to Buy Low and Sell High: The spot market provides a great opportunity to capitalize on market movements by allowing you to purchase cryptocurrencies at low prices and sell them at higher prices. You maintain ownership of the crypto you acquire and have the freedom to hold it for as long as you prefer.
Protection from Margin Calls: One of the significant advantages of the spot market is the absence of margin calls. Even if the market moves unfavorably, you never risk losing any of the crypto units you have purchased. Your ownership remains intact, providing a sense of security.
Leveraging Holding Power: In times of market downturns, the spot market enables you to exercise your patience and utilize your holding power. By weathering market fluctuations, you can wait for the market to recover. Historical data shows that many markets that experience crashes eventually bounce back, allowing you to potentially regain value.
Capitalizing on Buying Power: The spot market empowers you to leverage your buying power effectively. When prices dip, you can employ the strategy of dollar-cost averaging to adjust your average purchase price closer to the current market value. This approach enhances the potential for profitable trades when you decide to exit your position.
Key Takeaway: Engaging in the spot market offers valuable risk management capabilities, enabling you to execute trades more effectively. With the ability to buy low, hold, and exercise patience, you can navigate market fluctuations and potentially generate profits when the time is right.