In a significant development for the cryptocurrency market, the Mt. Gox trustee has announced that the distribution of Bitcoin (BTC) and Bitcoin Cash (BCH) repayments will commence in early July 2024.Key DetailsRepayment Initiation:- Timing: The repayments are set to begin in early July 2024.- Cryptocurrencies Involved: The distribution will cover both Bitcoin (BTC) and Bitcoin Cash (BCH).Background:- Mt. Gox: Once the largest cryptocurrency exchange, Mt. Gox collapsed in 2014 after losing 850,000 BTC. Since then, creditors have been awaiting repayment through a lengthy rehabilitation process.- Trustee's Announcement: Confirming repayment timing is a crucial step in finalizing the rehabilitation procedure and providing relief to affected creditors.Market Implications:- Potential Impact on BTC and BCH Prices: The release of a substantial amount of BTC and BCH into the market could lead to heightened volatility. Traders and investors will closely monitor price movements and market reactions as the repayment process unfolds.- Sentiment Shifts: The repayment news might influence market sentiment, possibly leading to increased trading activity around BTC and BCH.Related Quotes:- Market Experts: Analysts are divided on the immediate impact of these repayments. Some caution against potential short-term price dips due to sudden selling pressure, while others believe that the long-term integration of these assets back into circulation could stabilize the market.The commencement of BTC and BCH repayments by the Mt. Gox trustee marks a pivotal moment for the cryptocurrency community. As early July 2024 approaches, market participants should brace for possible volatility while also recognizing the broader implications of this long-anticipated distribution.

Everyone knows that altseason is inevitable.
All you need to make your first million is:
· A $1,000+ portfolio
· A year of a bull run
· Understanding how to identify the "depression" and "shakeout" stages (which is right now, the best time to buy)
Here's a blueprint to help you find alts that will make 1000x.

We are likely in the shakeout stage, with many alts returning to their depression-period prices.
While many are hesitant to buy now, the market is actually offering a second—and possibly final—chance to enter.
If you're feeling lost, here's why you shouldn't.
🔶Let's explore some metrics to understand why the main growth may still be ahead:
1. Funding is okay.
2. Trading volume is low.
3. YT metrics remain low.
4. Google Trends data is still low.
5. $BTC has grown 400% from its dip, while alts have only increased by 100-200% (memes are exception)

You may ask, "BitEagle, but how can we take advantage of this?"
The answer lies in understanding traders' emotions, so you can at least attempt to predict market movements.
➬ The emotions of fear and greed rule the market.
This has always been the case and always will be.

How to use this knowledge?
It's simple. Remember this powerful phrase:
"The best time to buy is when there's blood in the streets."
Right now, during the fear stage, it's the perfect time to accumulate your positions.

The best tactic here is to use the DCA strategy, as nobody can predict the bottom and prices could still drop slightly.
DCA involves investing a fixed amount of money at regular intervals over a specific period, regardless of the price.
By using DCA, investors can lower their average price of crypto and reduce the impact of volatility on their portfolios.

Here’s the most effective way to research alts and find real opportunities:
① DYOR on altcoins ranked 100-500 by market cap:
➬ Visit: @coingecko, @CoinMarketCap, @Dropstab_com, @CryptoRank_io
➬ Filter alts however you want
➬ Identify those that are currently declining the most but showing significant building process and have a strong community
➬ Add all potential projects to your watchlist

"Which projects will recover faster and then skyrocket the most?"
② Here comes the analysis of the project's team:
The team should be genuinely interested in the project's growth and the community around it. Ensure the team is actively working on the project.
③ Next, look at the documentation:
Visit the official website of a project to check the project's official docs and tokenomics.
This is where valuable insights can be hidden that others might overlook.
Examine the project's goals and how the team is working towards them.

④ Buying the token after doing research:
➬ Use @coingecko, @CoinMarketCap, @Dropstab_com, @CryptoRank_io
➬ Check which CEXs/DEXs list the project
➬ Visit those exchanges and buy the token

⑤ Before investing, have a clear take-profit strategy:
Know when you'll buy and when you'll close positions. Otherwise, you'll be trading based on luck.
For example, I always sell 50% when the price doubles. But if the asset rises quickly and the trend is really bullish, I might sell 33% or even 25%.

If you found this article helpful, don't forget to:
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➬ Like/Bookmark/share this article if you can.

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