In a subsequent post, Mr. Biden endorsed Kamala:

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this.”

Trump reacts:

 Mr. Trump seized on the moment to criticize Mr. Biden, saying he was never fit to be president. Mr. Trump is also using the moment to raise money. In a message to would-be small-dollar donors, he said that “The WASHINGTON ESTABLISHMENT, the Hate-America Media, and the corrupt DEEP STATE did everything they could to protect Biden, but he just quit the race in COMPLETE DISGRACE!”

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President Joe Biden says he is not seeking reelection in a letter posted to X on his official account. Biden says he will speak to the nation later this week in more detail.

“It has been the greatest honor of my life to serve as your President,” Biden wrote. “And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.”

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Biden drops out, throwing the 2024 election into chaos

President Joe Biden said in a statement posted on his social media account he is dropping out of the presidential race — a historic decision that throws the 2024 election into upheaval and marks the latest exit of a presidential incumbent in modern history.

The extraordinary move by Biden to decline the nomination will send shockwaves through the Democratic Party, triggering a frenzied effort to replace him just weeks before the party’s nominating convention. In making the announcement, Biden did not immediately endorse Vice President Kamala Harris or another candidate to be the Democratic nominee.

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Polkadot ($DOT ) Poised For Rally ?

Polkadot’s latest pricing forecasts present a hopeful picture. Forecasts show that DOT’s price may climb impressively by 227%, maybe reaching $20.69 by August 2024. Although the technical indicators reflect a neutral attitude right now, the Fear & Greed Index, at 74 (Greed), shows great market interest.

Resilient and showing great upward momentum is Polkadot ($DOT ), the blockchain network noted for its emphasis on interoperability. Polkadot has maintained its ground at the $6.30 support level thus far, indicating a solid basis for next developments.

$DOT saw a little increase of 1.6% during the previous week, which experts think may be the forerunner to a much more significant upswing. Both experts and investors have drawn attention to this favorable situation, which will help Polkadot to have a possibly interesting future.


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WHAT IS SCALPING

Scalping is a type of intraday trading in the stock, Forex, or crypto markets. Scalping is considered one of the most complex types of trading because it requires not only fast and decision-making but also increased psychological resilience and long, hard hours during the working day.

Nevertheless, scalping is a very popular trading strategy, especially among newbies. The reason is that the results can often be seen instantly. However, it should be noted that scalping may provide the desirable result only when trading high-volatility currency pairs with low spreads.

It should also be noted that scalping didn’t use to be around because all the deals had to be done manually. However, a manual scalper is now an ‘endangered species’ as this strategy was automated long ago and evolved into HFT - high-frequency algorithmic trading. The only difference between the two is that HFT trades are executed and held for milliseconds. Manual trading at such speeds is simply impossible – that is why scalpers now make all trades using a dedicated trading terminal.

$LINK $AVAX $RNDR


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#BinanceTurns7
#SOFR_Spike
#keepbuilding

● On 28.07.2024, a certain amount of coins that are locked will be added to the circulating amount.

● The circulating supply of the Artificial Superintelligence Alliance FET coin will increase.

● The total supply of FET coin is 2,630,547,141 FET and the current amount in circulation is:

■ 2,520,000,000 FET ■

● The amount that will be unlocked and put into circulation is 5.37M $FET coins.

● Market value $7.94M. (0.20%)

● The total market value of FET coin is $3,722.24M●

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#ETH_ETFs_Approval_Predictions
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Ethereum ETFs go live on Tuesday

New spot ETFs for Ethereum—which will let investors purchase the second most popular cryptocurrency in the form of stocks— are expected to begin trading on Tuesday, July 23. The Securities and Exchange Commission has green lit at least three funds to enter the market that day.

What is a spot Ether ETF?

Ether is the native cryptocurrency of the Ethereum blockchain. Despite the SEC’s reservations, Ether is legally considered to be a commodity, but the corresponding ETFs will be securities.

ETFs first came to market in 1993. The funds pool together a basket of securities, such as a handful of different energy stocks, and the price aligns with the indexes that it tracks. They are listed on exchanges & can be traded during market hours, thus operating like stocks.

Spot Ether ETFs will track the spot—or current—price of Ether. The products give investors access to the underlying crypto without the need to own a crypto wallet. The ETFs will be set up as grantor trusts, meaning investors will own a share of the Ether held by the trust.

Who issues them & what are the fees?

Eight asset managers are proposing to offer Ethereum ETFs: BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton and Invesco/Galaxy Digital. Each instrument will be near-identical, so the fees charged to investors are competitive. For now, we know that Franklin Templeton will charge 0.19%, VanEck at 0.20% & Invesco and Galaxy Digital will charge a 0.25% fee for its jointly filed ETF.

The full list of fees will be revealed when the final registration statements, or S-1s, are submitted to the SEC. This will be on Tuesday, if trading begins for all eight.

Where can I access them?

They will be listed on the Nasdaq, Chicago Board Options Exchange (CBOE) and New York Stock Exchange.

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Scams on Mobile Devices

Fake cryptocurrency wallet apps

There are many different types of fake apps. One variation seeks to obtain personal information from users such as their wallet passwords and private keys.

In some cases, fake apps provide previously generated public addresses to users. So they assume funds are to be deposited into these addresses. However, they do not gain access to the private keys and thus do not have access to any funds that are sent to them.

Such fake wallets have been created for popular cryptocurrencies such as Ethereum and Neo and, unfortunately, many users lost their funds. Here are some preventive steps that can be taken to avoid becoming a victim:

• The precautions highlighted in the exchange app segment above are equally applicable. However, an additional precaution you can take when dealing with wallet apps is to make sure brand new addresses are generated when you first open the app, and that you are in possession of the private keys (or mnemonic seeds). A legitimate wallet app allows you to export the private keys, but it is also important to ensure the generation of new key pairs is not compromised. So you should use a reputable software (preferably open source).

• Even if the app provides you a private key (or seed), you should verify whether the public addresses can be derived and accessed from them. For example, some Bitcoin wallets allow users to import their private keys or seeds to visualize the addresses and access the funds. To minimize the risks of keys and seeds being compromised, you may perform this on an air-gapped computer (disconnected from the internet).

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What Happens If a Soft Landing Fails ?

If attempts to achieve a soft landing fail, the economy could either overheat or enter a recession. An overheated economy may lead to runaway inflation, eroding purchasing power and leading to higher costs of living. On the other hand, an uncontrolled economic slowdown can result in a recession, characterized by high unemployment, reduced consumer spending, and lower business investments. Both scenarios have significant negative impacts on economic health and societal well-being.

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What Are the Challenges in Achieving a Soft Landing ?

Achieving a soft landing is a delicate balancing act and comes with several challenges:

1. Timing and Precision: Central banks must time their policy actions precisely. Acting too late or too aggressively can either fail to curb inflation or inadvertently trigger a recession.

2. External Shocks: Unpredictable events, such as geopolitical tensions, natural disasters, or pandemics, can disrupt economic stability and complicate policy efforts.

3. Global Interconnectedness: In a globally interconnected economy, actions taken by one country's central bank can have ripple effects worldwide, making coordinated policy actions essential yet complex.

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How Do Central Banks Aim to Achieve a Soft Landing ?

Central banks play a pivotal role in steering the economy towards a soft landing. They primarily use monetary policy tools, such as adjusting interest rates, to influence economic activity. Here are some key strategies central banks employ:

1. Interest Rate Adjustments: By raising interest rates, central banks can cool down an overheating economy, making borrowing more expensive and reducing consumer spending and business investments. Conversely, lowering interest rates can stimulate economic activity during slowdowns.

2. Open Market Operations: Buying and selling government securities in the open market to influence the supply of money and interest rates.

3. Communication and Forward Guidance: Providing clear guidance on future policy actions to manage market expectations and stabilize economic forecasts.

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Why Is a Soft Landing Important?

A soft landing is crucial because it helps maintain economic stability and confidence. By avoiding the extremes of rapid economic growth and severe recession, a soft landing ensures a steady and predictable economic environment. This stability benefits businesses, consumers, and investors alike, as it minimizes the risks associated with abrupt economic changes. For instance, businesses can plan and invest with greater certainty, consumers feel more secure in their jobs and spending, and investors can make informed decisions without the fear of sudden market crashes.

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What Is a Soft Landing in Economy?

A soft landing in the economy refers to a scenario where economic growth slows down but avoids a recession. This concept is particularly relevant during periods of high economic growth that have the potential to overheat the economy, leading to high inflation. The goal of a soft landing is to bring the economy to a sustainable growth rate without triggering a significant downturn or recession. Policymakers, especially central banks, aim for a soft landing through careful adjustments to interest rates and other monetary policies to manage inflation and stabilize the economy.

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The Fear and Greed Index

Ever heard of the Fear and Greed Index ?

It's like a barometer for the crypto market's collective emotional state. When fear takes hold, it's like a storm brewing on the horizon. Greed, on the other hand, is the sunshine that tempts us to take risks.

Emotions Drive Market Behavior:

Think about it. When fear creeps in, people panic and start selling. "What if I lose it all?" they wonder. Prices plummet like a stone dropped from a cliff. Greed, however, whispers promises of unimaginable wealth. "Buy low, sell high," they say. Prices skyrocket.

It's like a seesaw; when fear dominates, the market plunges; when greed takes over, it shoots to the moon.

Now, here's the kicker:

Emotions are contagious. One person's panic can trigger a cascade of fear, while a charismatic influencer can stoke the fires of greed. Which brings us to.

If you want to eliminate emotional trading, you can rely on algorithmic tools available on the market that will get the job done for you.

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Trading is deadly at the best of times, that’s why legendary investors typically make long term value investments. (Not day trading) Goldman Sachs traders can lose 100 million before lunch time. Then they’re big enough to twist the market around and recover. Most people aren’t.

Trading is normally holding for a few seconds up to 6 weeks while investing is holding from a few months up to many years. (The longer the better)

Warren Buffets business partner Charlie Munger made billions with only 6 purchases over many years.

When the SEC accused him of cheating somehow to make so much money, he said, I only made 6 transactions, it’s not my fault they did so well”

Learn and go to work, make more money, and this time, invest in the long term value.

Day trading is generally for amusement and most people lose. They generally don’t talk about it much though.

Many “successful” day traders run courses, and make their money mainly in course fees, trading fees, and quite often they have a few long held investments they don’t mention very much.

Tomorrow is a brand new day.

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Is it worth buying crypto while there is blood on the street ?

It depends on these factors:

Do you have money to waste ? What I mean by ‘waste’ is that, will you have still enough money left for your personal needs if a particular cryptocurrency you invested crashes down to 0 dollars ?

Are you patient enough to wait weeks, months or even years till your chosen cryptocurrency rises in price ?

Will you stay calm if the cryptocurrency you invested in starts falling in price very quickly and you start ‘panic-selling’ ?

Have you researched that particular cryptocurrency before investing in it ?

If you are sure that you pass all these factors, then you can start researching in what cryptocurrency you want to invest.

When researching, look for a cryptocurrency that has a solid team, a solid roadmap, check price charts if it is just a pump & dump cryptocurrency, look if the community supports its cryptocurrency and has little doughts about it.

Do NOT follow the hype train and do NOT believe in FUD, always make solid decision based on your research and not out of pure luck or stress.

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Educate Yourself Here #CryptoTradingGuide #IntroToCopytrading

Before buying cryptocurrency, it's essential to learn and understand the blockchain technology, decentralized finance (DeFi), and the different types of cryptocurrencies like Bitcoin and other altcoins.

Do your research on the cryptocurrency’s history, development team, and community support. Read whitepapers, reviews, and articles to understand its purpose, technology, and potential.

Be prepared for potential losses and gains as the crypto markets are highly volatile, and prices can fluctuate rapidly.

Set clear goals, diversify your portfolio, and never invest more than you can afford to lose. Ensure you understand the fees associated with buying, selling, and transferring cryptocurrencies.

Importantly, use a reputable and well-known exchange and wallet options when buying crypto.

Lastly, follow reputable sources, news outlets, stay up-to-date with market trends and developments.

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Buy & Hold.

The first piece of advice you’ll hear when you start investing in cryptocurrency is buying low and selling high.

But you’ll soon find out that you can’t predict the market. That’s why some investors take the long-term approach, where they do not have to worry about the short-term price changes.

It’s still important to buy into a project you think has true potential to perform well over the next five to 10 years.

At the same time, cryptocurrency dips can also be an opportunity to invest more into your favorite cryptocurrency project. If you were waiting for the right time to buy a token, which you believe has a strong long-term potential, then this could be a suitable time. However, you may be tempted to buy other tokens too. Remember that it’s never a good idea to buy crypto that you have not thoroughly researched just because it’s on sale. Also, you should only use your disposable income to buy cryptocurrency.

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$SHIB $PEPE $FLOKI

Keep calm

You’ll need to keep your calm as you see cryptocurrency markets moving faster than you can identify opportunities. Oftentimes, these sudden price movements cause emotional decisions, which are the worse kind of decisions for traders. That’s why keeping your calm to assess the situation is important.

During this time, it might be a promising idea to re-analyze your portfolio and reiterate the reasons behind your investments. Most cryptocurrency investors find themselves on one of the two sides they want to make a quick buck or believe in the long-term opportunity. Understanding your reasons for trading crypto might guide you to act according to your financial expectations and goals.

Educate Yourself Here #IntroToCopytrading #Write2Earn! #SOFR_Spike

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Stay calm.

Whether you decide to sell your cryptocurrency or see a dip as an opportunity to buy more, you need to act with a cool head. Making emotional decisions, especially when trading, rarely results in anything good happening. So, before you rush into the market in a panic, you’ll want to reflect on why you’re trading crypto in the first place.

Are you investing because you believe in the long-term opportunity ?

Or are you here to make a quick buck on short-term trading ?

The answer to these questions can help guide you to the proper decision. In either case, you’ll want to act in accordance with your own goals. In other words, if you believe in the long-term opportunity, think with that mindset. If you’re here for a quick trade, think with that mindset.

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