For perpetual trading on meme coins this week, Pepe Unchained (PEPU) and Floki (FLOKI) offer interesting opportunities due to their recent surges in interest. Here are key considerations for entering trades:
1. Pepe Unchained (PEPU): Having raised over $19 million in its presale, PEPU is seeing significant momentum, making it a solid candidate for short to medium-term trades. An ideal entry could be at slight dips before potential upward moves based on continued hype and network growth.$PEPE
2. Floki (FLOKI): With ongoing developments in its ecosystem, including a metaverse and marketplace integration, FLOKI offers a compelling option for perpetual trades. Look for retracements to key support levels before entering, as the coin is known for quick upward spikes during positive announcements.$FLOKI
For both, closely monitor social media trends, as these meme coins are heavily influenced by community sentiment and media attention. Timing your entry during market dips or consolidations can be an effective strategy. #MemeCoinTrending #WhichMemeCoin?
In early October 2024, many cryptocurrency traders faced losses due to several factors:
1. Rising On-Chain Attacks: A surge in hacks, phishing scams, and private key compromises led to significant losses. For example, the crypto space saw several high-profile hacks in 2024, such as the BingX exchange hack, which resulted in over $52 million being stolen. Security breaches like these eroded trader confidence and caused sudden drops in market value across various cryptocurrencies.
2. Regulatory and Market Uncertainty: Regulatory actions and market instability also played a role in the volatility. In September 2024, macroeconomic conditions such as the People’s Bank of China's interest rate cuts boosted markets initially, but by early October, traders were anxiously awaiting more financial data and updates from central banks, contributing to a cautious and reactive trading environment.
3. Major Token Unlocks: In October, significant token unlocks occurred, which flooded the market with new tokens, causing price volatility. This is a common occurrence when tokens that were previously locked become tradable, often leading to selling pressure.
These elements combined to create a highly volatile environment, leading to substantial losses for many crypto traders during this period. #SCRSpotTradingOnBinance #MemeCoinTrending
「TrumpDefi」とは、ドナルド・トランプ氏が2024年の米国大統領選挙期間中に仮想通貨業界との幅広い関わりの一環として立ち上げた、新しい分散型金融(DeFi)プラットフォーム、World Liberty Financial(WLFI)を指す。同プラットフォームは、トランプ氏の息子であるドナルド・トランプ・ジュニア氏とエリック・トランプ氏が監督し、ユーザーにデジタルウォレット、貸借サービス、ステーブルコインシステムを提供することで、従来の銀行に挑戦することを目指している。同プラットフォームはイーサリアムブロックチェーン上で運用され、ガバナンストークンやAaveなどのDeFiプロトコルとのパートナーシップを統合する計画がある。
In terms of taxes, direct Bitcoin purchases face capital gains taxes when coins are sold, while ETFs may result in more frequent capital gains from share trading (Covello & Covello, 2022). However, ETF tax forms like 1099-B could simplify the reporting process versus documenting each direct Bitcoin transaction (McEachrane, 2022).
Overall, direct Bitcoin is best for investors wanting full control and custody with no third-party fees. However, Bitcoin ETFs may provide easier access and share similar benefits to traditional stock investments. New users would be best served evaluating their risk tolerance, goals, and preferences when deciding between the two options. Both can be viable depending on individual circumstances.
In summary, there are merits to both direct Bitcoin and Bitcoin ETF investing. A balanced approach, such as allocating a portion to each, may help mitigate some risks while capturing upside from this emerging asset class. Careful research and understanding the pros and cons of each method will lead to the most informed choice.
When considering investing in Bitcoin, new users often wonder whether it is better to purchase Bitcoin ETF shares or buy Bitcoin directly. Both options have their advantages and drawbacks.
Directly purchasing Bitcoin allows investors full control and ownership over their coins. With direct ownership, investors avoid third-party custody and management fees that are associated with Bitcoin ETFs (Li & Mann, 2018). However, direct Bitcoin purchases also require the investor to secure their private keys through self-custody or a third-party wallet provider. If private keys are lost or stolen, the Bitcoin cannot be recovered.
Bitcoin ETFs provide exposure to Bitcoin price movements without the safety and security risks of self-custody. ETF shares trade on regulated stock exchanges just like traditional stocks and can be purchased and sold through existing brokerage accounts. This makes ETFs more accessible to some investors compared to the process of opening cryptocurrency exchange accounts (Dybvad, 2022). However, ETFs come with annual management fees typically between 0.5-1% of assets depending on the specific fund (Liu et al., 2022).
Another consideration is the lack of insured protection. Direct Bitcoin holdings have no insurance if the coins are lost or stolen, while Bitcoin ETF shares could potentially be insured depending on the specific fund (Bitar, 2022). However, insurance may not fully protect against losses from hacks or third-party failures. During market drawdowns, ETFs could also experience premiums/discounts to net asset value that direct Bitcoin does not face (Hodapp, 2022)...... to be continued