#Tether #Bitcoin

Tether recently acquired an additional 8,888 bitcoins, increasing its total holdings to about 66,465 BTC.
Besides its direct investments in bitcoin, Tether is also active in the bitcoin mining and energy production space.
Tether: Fiat currencies on the Bitcoin blockchain. Since tethers live on the Bitcoin
blockchain, the provability and accounting
of tethers at any given point in time is trivial.

Implementation Weaknesses

We understand that our implementation
doesn’t immediately create a fully trustless
cryptocurrency system.Mainly because
users must trust Tether Limited and our
corresponding legacy banking institution to
be the custodian of the reserve assets.
However, almost all exchanges and wallets
(assuming they hold USD/fiats) are subject
to the same weaknesses. Users of these
services are already subject to these risks.

Here is a summary of the weaknesses in
our approach:

●We could go bankrupt

●Our bank could go insolvent

●Our bank could freeze or confiscate
the funds

●We could abscond with the reserve
funds

●Re centralized of risk to a single
point of failure

We might see a domino effect on this, make sure you're in the winning position. To learn more read Tethers White Paper and Bitcoins White Paper.

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

Economic/Speculative/Financial Bubble

An economic bubble (also called a speculative bubble or a financial bubble) is a period when current asset prices greatly exceed their intrinsic valuation, being the valuation that the underlying long-term fundamentals justify. Bubbles can be caused by overly optimistic projections about the scale and sustainability of growth (e.g. dot-com bubble), and/or by the belief that intrinsic valuation is no longer relevant when making an investment (e.g. Tulip mania). They have appeared in most asset classes, including equities (e.g. Roaring Twenties), commodities (e.g. Uranium bubble), real estate (e.g. 2000s US housing bubble), and even esoteric assets (e.g. Cryptocurrency bubble). Bubbles usually form as a result of either excess liquidity in markets, and/or changed investor psychology. Large multi-asset bubbles (e.g. 1980s Japanese asset bubble and the 2020–21 Everything bubble), are attributed to central banking liquidity (e.g. overuse of the Fed put).

In the early stages of a bubble, many investors do not recognize the bubble for what it is. People notice the prices are going up and often think it is justified. Therefore bubbles are often conclusively identified only in retrospect, after the bubble has already popped and prices have crashed.

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

#CLV Journey

Update 5: With regards to my previous post

Good day !

The price indeed surpassed my LH1 and now we have a nice pullback. As you can see in the first picture there's a green box which indicates my 1st entry and below it is my possible 2nd entry. As you can see as well the 3rd and 4th pictures below, for transparency sake, I started with $77 buying #bonk and turned it to $234 by spot trading. For those who are new in this kind of business I suggest you start with spot trading and later on if you're confident enough trading with your edge try leverage with risk management. I will divide my new capital $234 into 3 so I'll be entering 3 times. I'll be updating my trades as long as I can. For now I will wait for the price to enter in the green box for my 1st entry. Keep safe and ✌️be with you all!

Tip 5 : Quality over quantity

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

CryptoAlert : News & Opinion blog

XRP's Classification by the World Bank

The World Bank's report acknowledged XRP as a stablecoin, emphasizing its role in providing instantaneous processing and secure payments. The classification is not only a testament to XRP's stability but also underscores its efficiency compared to traditional correspondent banking methods. Sean McBride, a former director of Global Talent Acquisition at Ripple, has brought attention to this classification, sparking optimism within the crypto community.

Partnerships and Global Adoption

Ripple's strategic partnerships with major players like MasterCard have positioned XRP as a global facilitator for cross-border payments. MasterCard's impressive processing capabilities, handling an average of 33 billion transactions per quarter, showcase the scale and efficiency of Ripple's payment solutions. Moreover, Ripple's collaboration with Amazon and the adoption of XRP for payment transactions could potentially revolutionize the e-commerce industry, introducing faster and more efficient payment options.

XRP's Utility in Cross-Border Payments

XRP's adoption by financial institutions and organizations on a global scale further emphasizes its utility in cross-border payments. Institutions like the Arab Monetary Fund are recognizing the value of XRP in addressing key challenges within the cryptocurrency market. The utility of XRP is not only driving its demand but also contributing to the cryptocurrency's increasing value.

Rising Demand and Falling Supply

As more wealth is transferred through the XRP Ledger, the demand for XRP is expected to rise, potentially leading to a stable value of $10,000. Ripple's CEO has highlighted the cryptocurrency's potential to address multi-trillion dollar problems, anticipating tremendous demand for XRP. The unique features and partnerships associated with XRP position it as a stablecoin with the potential for substantial growth.

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

#CLV Journey

Update 4: With regards to my previous post

Good day !

We experienced a little consolidation in the Resistance level (value gap) but the price broke through it giving me a new possible buying entry position. Considering the price movement given to us by the market, my first initial entry is still the same which is shown in the second picture however, the moment the price touches the LH1, shown in the first picture that's the time I'll reconsider a new buying position and the first possible entry shown in the second picture will be my second possible buying entry. But for now staying in cash is the wise thing to do, keep safe and✌️be with you !

Tip 4 : Stay disciplined

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

#CLV Journey

Update 3: With regards to my previous post

Good day !

The price goes up and it did create a full body candle in 1hr. and 4hr. TF(pictures below) as we can see with the arrow pointing at the broken blue line extended from the LL1(see previous post). This means we may see a possible change of direction, you can see the green box that would be our first entry knowing there's an unmitigated value gap. Somehow we cannot neglect that it can be just another retracement/pullback that touches the resistance level and may go down as far as our third key entry level(see previous post ). Thus, the moment the price goes down to our green box, I will put my first trade(long) and if it happens to go all the way down I will look for another second entry at the third key level. But for now I will stay in cash,✌️be with you!

Tip 3 : Risk what you can afford to loss.

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

#CLV Journey

Update 2: With regards to my previous post

We now see the price makes a new Lower Low(LL) which is the blue line with no. 2 and a new Lower High(LH) with no. 2 in the upper line. Thus for me, LL2 and LH2 gets invalidated because of the price uptrend action creating a New Low(NL) and a New High(NH). In this case, for me if the price goes beyond our LL1 which you can see in the second picture creating a full body candle stick(not a wick) in a 1hr. and 4hr. TF I might consider an entry for long. But for now I stay cash, ✌️be with you!

Tip 2 : Never dictate the market.

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

#CLV Journey

Update 1: With regards to my previous post

Right now I can see that the price formed a first down trend pair which you see in the first picture below with 1 on the blue line as our Lower Low(LL) and 1 at the green line as our Higher Low(HL). We can see also that the price action approaches our second possible long entry which is good news for me having much more discounted price. But for now I will stay in cash, wait patiently and adore the beauty of the market. ✌️be with you!

Tip 1 : Patience is virtue

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

#CLV

Update: With regards to my previous post in
#CLV

As of this time you can see in a 1hr. TF that there's a break of higher low, the blue line and create a lower low. You can see there is also an arrow pointing the uptrend price which may be a possible pullback/retracement but somehow I put a line above the blue line to indicate a possible change of bias. The moment the price passes the line with a full body candle stick in 1hr. and 4hr. TF I will be looking for an entry going long. For now I'm still in cash. Soon for another update, ✌️out!

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

#BONK

Great day to all! yesterday I got my profit selling bonk @ 3560 and seeing it now going higher I would like to take this time to congratulate those who are holding it more. 🤙📈

#CLV #NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

Now I'm eyeing this crypto, Clover Finance. Looking at the weekly TF, the first picture shows a green body candle passes the 50 EMA which there's a probable reversal of a trend coming from a dip as we can see in the second picture(zoom out of a weekly TF).
The third picture is the 1hr. TF, I put out broken lines to which I found a possible entry level of unmitigated value gap. I will update somehow If I'm putting trades in for long. Have a great journey everyone! ✌️out. .

#BONK #SHIBA_INU
#NotFinancialAdvice
#MyOwnOpinion
#DoYourOwnResearch

My thought:

With this meme coin Bonk being so bullish, it's getting riskier so I will close my meme coin BONK at 3500 - 3560 price that would be around the upper red horizontal line.
Dogs get no friends in a Dragon.

You might as well plan your exits guys!
📈⚖️🗺️🌐

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

For educational purposes only :

Greetings to all traders and/or investors,

I would like to take this opportunity to share with you all specially for those who are starting in this business. The picture in the left side you're seeing below is the crypto I've been holding now but due to the current situation now in my country and Binance company I moved 4 of my holdings and left #BONK in Binance wallet.

At the right side picture is my #BONK balance. As you can see at the lower portion is a Peso 3,721 worth, in convertion its $66 but now at the top of it is $175. What I'm trying to imply is, you don't need to trade FUTURES to gain, specially to our new fellow traders. You can spot trading and no need to leverage unless you're already a seasoned trader. I'm sharing this because maybe some of you reading now use futures in trading specially the starters and it's not a wise approach to make profit and you can lose a lot of your capital.

Hope it helps give you a new perspective. Keep on learning to grow!
🌐🗺️⚖️📈✌️

#BTC #NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

BTC is now consolidating which means two things :

1. We might see a pullback before another bullrun, the red horizontal line could be the possible level of retracement it will touch before continuing the uptrend.

2. It will retest the 64k level or surpass it, take a retracement and then continue the uptrend.

MY CONCLUSION: You split your capital into two, buying half of your capital now at the present price and the other half of your capital will be after the retracement, or wait for the actual price action to manifest before making your own bias decision.

Hope you find it helpful for you to decide.
📈⚖️🗺️🌐

#NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

Rule of thumb for those Traders and Investors out there :

As a Trader, we sometimes got caught up

in what we call " Fear Of Missing Out " , it's

natural to feel that way and it only means we

are human. The question is how will you

react about it, how will you respond when

the urge of FOMO crawling in. The one thing

you can do when that time comes is to be

aware of yourself consciously and react to

what is the best way to act upon base on

your set of strategy.

As an Investor, we set long term goals

which means we don't need to beat the

market, we ride with it whether it's up or

down. Yes buying low had its advantage but

what if the so called "All Time High" is still

the low for the next all time high? This is

when Fiat Cost Averaging is our greatest ally.

You don't need to beat the market because

you're set for a long term perspective, if the

market goes down well and good, you have a

discounted price and if it goes up , well and

good you are in a position for a greener

pasture.

All of this takes time and patience to

become profitable and a very valuable asset

you and I can never ignore. Of course you can

do both trading and investing at the same

time just learn how each perk works. In the

end the greatest risk is not risking at all, so

risk manageably. Hope you get something

out of this. Keep learning !

✌️⚖️📈🤙

$XRP #NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

Big names in the financial industry stashing cash, selling shares and millions if not billions of money in reserve waiting for something big that is about to come and this could be it.

🌐🗺️🐉⚖️📈📉

This is from Zach's YTC:

$BTC $XRP #NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

If you're a Bitcoin enthusiast, buy at a

discounted price as low as $45k -$47k,

a price range where more big bags will likely

accumulate their holdings and if you're an

XRP holder, buy now at this range it's already

a discounted price and if it goes down,

then buy more.

📈 📉 🌐 🗺️ 🐉 ⚖️

$XRP #XRP #NotFinancialAdvice #MyOwnOpinion #DoYourOwnResearch

This could be a good year for XRP holders and the XRP in general.🐉🐉🐉

Looking at the year cycle of XRP at the time it was released since 2012, this year is XRP's twelve year cycle, a Dragon year.🐉🐉🐉

A favorable year for XRP holders and the XRP in general. We may see a 5 year bullish price for XRP. 🐉🐉🐉

🌐 🗺️ ⚖️ 📈 🕗 📅