According to Former Binance CEO a.k.a CZ, he's explaining the concept of halving. He sees that most people misunderstand yet confuse bout it, so he tweets and quotes this on X :
He quotes, "There seems to be some confusion about the impact of the Bitcoin halving. The halving reduces the supply of new bitcoins mined, not the total number already mined. This controlled issuance is what makes Bitcoin scarce and valuable."
Bitcoin halving refers to a pre-programmed event that occurs roughly every four years, where the block reward for miners is cut in half. This mechanism is designed to slowly decrease the total number of bitcoins that will ever be in circulation, ultimately reaching a capped supply of 21 million.
The BTC halving doesn't affect 'the total number of bitcoins' that already exist. Instead, 'it limits the rate at which new bitcoins are created'. This scarcity is a fundamental factor that contributes to Bitcoin's value proposition as a digital asset.
Now, y'all won't make any misunderstand anymore about BTC halving.
Let me know what ya think bout it. Comment it down below👇🏻
‼️BOOOMMM‼️‼️BOOOMMM‼️‼️BOOOMMM‼️IT'S TIME‼️ 🔥Bullish day for all of my loyal followers and crypto mate! First of all, i just wanna say I'm really really sorry for such a long time with no square post and updates.The truth is..I'm on the weather. But that's the risk I have to take cause me and my love, we both are struggling and hustling everyday like crazy. Day and night. We both keep movin forward and working hard in order to achiever our wedding budget, which is bout 50k-ish. So no excuse, that's why I lose a lot of my energy and must get some booster to bring back my healthy fit bod. 🔥 And I'm really appreciate for some mate that asking my conditions. I'm still bouncing and have no worries, mates. I can still typing. lolSo.. like i said. After getting some fatigue and fever, I should rest bout few days, keep hustling, keep kicking some opportunity door out there, and now I can type some before i starting my day.Here we go. According to what I read and heard from some of my crypto friends, analyst, articles, etc, we all still back on the bullish trendline.After BTC downfall to 59k last night, great news is (not financial advice), BTC must get back to 69k-ish.Also, BTC need to find some great support, which could be something around 63-65k-ish.But, like i said, at this point, we all have to be REALLY REALLY alert with those super lightning sudden dump and fake pump, because the market is still in the fear, fomo, and the aftershock zone. From my point of view, avoid get into 'future trading', spot trading is better, but if you still wanna get into it, try use lower leverage (i'm usually use 20-25x max), that'll be better (for now), and wait until we all see the 20-30% down, the safest point is around 55-59k-ish.That's it for another beautiful day update, wish all of you have a great profit, fortune, and lots of love. Like this post and follow me if you find this update is useful, and support me by tipping me (via Binance ID : 168933217), it will really boost up my wedding fundraising. Thanks a lot. Love y'all❤️#TrendingTopic#Write2Earn#BTC#ETH#SHIB$BTC $ETH $BNB
Great day my lovely followers and friends who always support me. Wish all of you have an amazing and lovely days. Also wish y'all gains A LOT PROFITS tho if you still hustling 24/7 on weekend. Keep goin' cause you're ALMOST get all the things that you've planning, etc etc.
I'm just drop by to say this. And if you still didn't follow me, feel free to support me to achieve 1K followers, then people can start support me and wishfully I can achieve my 50K fundraising too. And that's only if you want to support me and I'm really really appreciate it. ❤️
as weekend is coming up, lots projects are bleed out A LOT. that's why i prefer not to touch any of my assets and most likely go out and seeing real people, real life and enjoy the moments.
Life is not just about the money. it's bout how you move forward with everything happen in between money, life, love.
Take a moment. Shut your PC and off the trade for a day or two. Then get it back on Monday and hustle again.
I prefer this way. More balance, less stress, tons of connections, networks, and loves.
I'll leave this to you to decide how ya want it to be done. Follow me if you like my opinion tho. Lemme know how's your weekend so far.👇🏻
For some of you that asking me what's my expertise, lemme tell you this.
My expertise is : I don't b*llshit other people, or other project, etc. You're welcome to name it. I'm only telling the TRUTH. The REAL stuffs.
You can tip me with some, or even a lot of money. But..you can't buy my words with that money. Period.
And for that, the conclusion is, everything that i wrote, or post, anything, is based on my own research, facts, opportunity, etc etc. You know what i mean, don't you?
You don't have to agree with my post and articles tho. But if the shoes fits, feel free to wear it. No offense, i prefer friends better than enemies.
If you find my posts are useful, well that's great. At least, i still have a humanity sense in me.
Whitepapers and roadmaps are essential documents for legitimate projects. They outline the project’s concept, technical details, goals, and timelines. If these documents are missing or poorly written, it could mean it’s a scam.
8. Lack of Community Engagement
The legit crypto projects often have active communities. Their social media presence and engage with their supporters will reflect this. If a project lacks community engagement or its online presence seems inactive, it may be a sign of a scam.
9. The investment is too good to be TRUE
Remember, if something feels off or too good to be true, trust your instincts an d not your FOMO. Ask knowledgeable individuals or trusted sources within the cryptocurrency community before investing.
Scam project's websites have poor design, spelling errors, broken links, etc. They also often lack proper security measures like SSL certificates.
5. Unsolicited Contact
ALWAYS be suspicious of all unsolicited emails, messages, or social messages. Legitimate projects usually do not randomly contact individuals with investment offers.
6. Negative Reputation or Reviews
Research the reputation of the project or platform online. Look for reviews, comments, and experiences shared by other users. If there are many complaints or warnings about the project’s legitimacy, exercise caution.
In my own version, actually it requires super careful observation and skepticism above all. Why? How? Well..Here are some of the signs you need to watch : 👇🏻👇🏻👇🏻
1. Unrealistic Blablabla Promises
Be cautious of schemes that guarantee high returns with little or no risk. If an investment opportunity sounds too good to be true, it likely is. Legitimate investments come with risk, and returns are not guaranteed or excessively high.
2. Less or even no Transparency
Legit and ultra projects share their team members, partnerships, and development progress. If information about the project, its team, or its goals is vague or absent, it could be a red flag.
3. Pressure to Act Quickly
Scam projects love to create a sense of urgency or FOMO (fear of missing out). They may pressure you to invest immediately without giving you time to conduct proper research. Take the time to DYOR and make your own call.