Hey everyone, heads up! There's some big news coming in about Bitcoin. Peter Schiff thinks Bitcoin might drop back down to $20,000. If that happens, he says MicroStrategy, a big company that owns a lot of Bitcoin, could lose around $3.25 billion. Schiff also says MicroStrategy might be messing with Bitcoin's price. He said this after Bitcoin's price dropped to $60,065 when a cryptocurrency ETF didn't do as well as expected in Hong Kong.
Terraform Labs and its co-founder, Do Kwon, are disputing the penalties proposed by the U.S. Securities and Exchange Commission (SEC). They argue that a fine closer to $1 million is more reasonable than the proposed $5.3 billion. The SEC's proposal includes damages of approximately $4.7 billion and a fine of $420 million for Terraform and $100 million for Kwon. However, the defendants' lawyers believe these amounts are too high. In a recent court filing, Terraform and Kwon's legal team advocated for a much lower penalty, suggesting that Terraform Labs should be fined no more than $1 million. The SEC charged Terraform and Kwon in February 2023 due to issues with the algorithmic stablecoin Terra USD (UST), which experienced a significant value drop in May 2022, resulting in losses of over $50 billion. A jury found Terraform and Kwon liable for civil fraud, alleging they misled investors. The SEC also accused Terraform and Kwon of violating federal securities laws by engaging in fraudulent activity related to Terraform securities trading. Additionally, Judge Jed Rakoff previously supported allegations that Terraform and Kwon offered and sold unregistered securities. Following the verdict, a Terraform spokesperson stated that the company is carefully considering its options and next steps in response to the legal proceedings.
Binance is facing legal trouble in Canada and the Philippines, and Changpeng Zhao (CZ) could be sentenced to 36 months in prison according to U.S. prosecutors.
What happened with $BTC last night and today? --------------------------------------------- The Hong Kong ETF, which was approved, started trading last night and boosted the price to $64,000. However, the trading volume was lower than expected, so it couldn't break the $64,000 resistance and dropped back to $62,000. A few hours ago, the Hong Kong ETF trading ended, but with low volume, people didn't see the expected results, and the price is now around $61,600. If it doesn't climb back above $62,000 during the day, we might see it drop to about $60,000. I anticipate a positive reaction at $60,000 because the lower point of the bollinger band aligns there on the daily chart, and it's an old support level. I predicted a decline in Q2 with the start of May, and that's still my expectation. However, instead of worrying, you can profit by trading smartly. Q2 might have lower activity, but sticking to your strategy patiently can lead to good accumulation. I'm also expecting increased activity and a significant upward movement, especially with $ETH in the fall. Currently, I'm in an $ETH long position to benefit from today's drop, but I plan to close it soon and open a short position again. Feel free to share your thoughts and expectations with me below. Best of luck to everyone!
If you start with 10 coins and the market drops by 70%, you'll still have 10 coins. Even if the market goes up by 10 times, you'll still have 10 coins. Selling when the market is down means losing money, but if you hold when it's up, you won't make any profit. If your portfolio is in the red, staying calm and not selling everything will be okay.
I have an important alert about two cryptocurrencies you might want to buy before they hit $1!
With big names like $BTC , $ETH and XRP struggling to make gains, some investors are turning to lesser-known cryptocurrencies.
The cryptocurrency market is in a bit of a tough spot. On one hand, there's weakness after the Bitcoin halving, which could mean a sell-off is coming. On the other hand, there's a long-term positive outlook forming.
Despite the uncertainty, many investors are holding onto their positions. Whether your crypto portfolio is worth $1,000 or $1, it's crucial to consider promising options like Lido DAO (LDO) and Panda Swap (PANDA).
Experts believe that the market might stay slow after the Bitcoin halving. This could be a good time for investors to adjust their portfolios by selling some coins and adding exposure to other tokens, while keeping hold of certain assets.
Ash Crypto's recent analysis challenges the idea that $BTC highest price was $74,000. They use on-chain indicators and past price movements to argue that the current drop in Bitcoin's price is normal during a bull market. They compare this drop to previous cycles and suggest it might be a mid-cycle correction, not the end of the bull run.
They point out that despite concerns like Mt. Gox selling and FBI warnings, Bitcoin has stayed above $60,000, showing strength in the market.
Looking forward, they expect positive events like the start of trading for Hong Kong Spot ETFs and potential approval of Bitcoin ETFs by the Australian Securities Exchange in 2024 to boost Bitcoin's price. They also mention factors like the FASB rule and expected rate cuts in 2024 as potential positive influences.
They advise buyers not to panic over short-term price changes but to use them to gradually invest in cryptocurrencies, using a strategy called dollar-cost averaging. Overall, they believe Bitcoin's journey is far from over and the market could still see further growth.
Here's what's going on: - Binance is leaving the U.S. market because of rules. They're paying $3.4 billion to FinCEN and $968 million to OFAC in fines. - Changpeng Zhao, Binance's founder, is awaiting his punishment on April 30. He admitted to money washing in November 2023. - The Philippines SEC says the Binance app must go from local stores because of worries about investors' safety and the economy. - BNB Chain is moving its special liquid staking feature to Binance Smart Chain (BSC), giving users new chances in decentralized money. - The Department of Justice wants Changpeng Zhao, the old Binance CEO, to get a harsher punishment of 3 years. Keep up with Binance for more news! 🚀📰 #bitcoinhalving#ScamRiskWarning#NFP#BinanceLaunchpool#Megadrop
A teenager, Erik Finman, got $1,000 from his grandma in 2011. He used it to buy $BTC , which was $10 each back then, after seeing someone with a bitcoin shirt at a protest. He dropped out of high school at 15, making a deal with his parents that if he made a million dollars by 18, he wouldn't have to go back. He sold $100,000 worth of bitcoin and started an online tutoring service called Botangle. An investor offered to buy his company for either $100,000 or 300 BTC. He chose the BTC, which turned out to be a smart move when bitcoin's value rose. By 17, he was a millionaire. He didn't go to college, instead traveling the world and buying fancy cars. Now, his bitcoin investments have made him very wealthy, and he's involved in cryptocurrency startups and advocacy.
#SatoshiNakamoto has now been missing for 13 years...🙄 In Satoshi Nakamoto's final email on April 23, 2011, at 1:43 PM, he said he had "moved on to other things" and trusted the community, especially Gavin, to keep developing Bitcoin. This last message marked an important change for $BTC , handing over its future to developers. Nakamoto's leaving is still a mystery, adding to his mysterious reputation in the tech world. People are still curious about who he is and where he went. Always trust in #Bitcoin 💯✔️🙏
P2P Scam Alert 🚨⚠️ 💸 I got scammed in December 2023, losing almost $500. Learn from my mistake. 🎣 Scammers in Pakistan trick traders easily. 😞 I paid a seller, but the order got canceled by the system. Now, I'm waiting for the seller to repost the ad. ‼️ Watch out for these P2P scam methods: 1️⃣ Overpriced ads: Sellers asking for way too much money, especially targeting new Binance users. 2️⃣ Fake payments: Scammers say they've paid, but you don't get any money in your bank. 3️⃣ Invalid payments: You get paid, but it's fake or gets your account frozen. 🛡️ Tips: ✅ Ask Binance for a direct fiat buy option. ✅ Check seller/buyer ID, how many trades they've completed, and their history. ✅ Trust older sellers with more orders. Don't get scammed! Stay alert.
It's been 13 years since Satoshi Nakamoto disappeared. In his last email on April 23, 2011, at 1:43 PM, he said he was moving on to other things and trusted the Bitcoin community, especially Gavin, to keep working on Bitcoin. This marked an important moment for Bitcoin, as control shifted to the developers. Nakamoto's departure is still mysterious, adding to his mysterious reputation in the tech world. People are still curious about who he is and where he went. Always trust in Bitcoin.
How can you tell if a certain cryptocurrency will go up or down in value? Well, it involves looking at different things that can affect its price.
First, check out the market cap. This is the total value of all the coins in circulation. Generally, coins with a higher market cap are more stable, but smaller ones can still shoot up in value.
Next, consider the trading volume. This is how many coins are being traded. Coins with higher trading volume are easier to buy and sell, which matters if you want to react quickly to price changes.
Keep an eye on social media buzz. If people are talking a lot about a coin in a positive way, it might go up. But be cautious, sometimes hype is just hype.
News plays a big role too. Positive news can boost a coin's value, while negative news can make it drop.
Lastly, technical analysis looks at past price charts to predict future movements. It's not foolproof, but it can give you an idea of where things might be headed.
"If you're wondering why Bitcoin isn't moving much, remember what I mentioned before. Big investors, called whales, have stopped trading. Some sold when Bitcoin was worth $73,000, and some bought when it was $59,000. Now, regular people who invest, called retail investors, will also stop trading. This usually happens in early summer. Don't expect $BTC to go up or down much until June or July.
Right now, I think Bitcoin's price might go down to $59,000 again because more people will sell. But, if Bitcoin keeps trading between $60,000 and $70,000 for a while, it will probably go up a lot in August. So, you don't have to rush to sell your $BTC $." #BinanceLaunchpool#ScamRiskWarning#bitcoinhalving#bitcoinhalving#BullorBear
BlackRock, a big company, used to dislike Bitcoin, but now they see it can make them lots of money. Now they want to make money from other assets, not just $BTC . They want to turn everything into digital tokens. But this plan might not be good. Some journalists found out that BlackRock's plan could be sneaky. Just because something is on a blockchain doesn't mean it's safe from control. So, even though BlackRock has helped Bitcoin grow, we should be careful about trusting them. They might not have good intentions.
Sometimes, a seller might agree to your order but then refuse to give you the crypto after you've paid. They might give excuses and insist you cancel the order first.
Remember, never cancel an order until you get your refund!"
Here are five mistakes to steer clear of if you want to hit millionaire status during the 2024-2025 crypto bull market:
1. Skipping Research: Don't dive in blindly. Take time to understand the projects you're investing in and their potential for growth.
2. Overtrading: Constantly buying and selling can rack up fees and cause you to miss out on big opportunities. Stick to quality investments for the long haul.
3. FOMO Buying: Don't let fear of missing out drive your decisions. Stay disciplined and stick to your investment strategy, even when others seem to be making fast profits.
4. Ignoring Risk Management: Don't bet more than you can afford to lose. Always have a plan in place to protect your investments.
5. Impatience: Building wealth takes time. Stay patient and trust your research and strategy, even if the market isn't moving as quickly as you'd like.
Avoiding these mistakes and staying focused can boost your chances of hitting that million-dollar mark. Happy trading, and best of luck on your journey to $1,000,000! 🚀
There are two ways to get rich in crypto, but most beginners make mistakes before learning their lesson, making the journey harder. Many beginners view cryptocurrency as a quick fortune, which is risky and leads to bad decisions, often resulting in losing everything. Now, let's talk about how to get rich in crypto. It may seem like you need a complicated plan, but that's not always true. There are two options:
A. Start with a quarter of your desired wealth. For example, if you want $1 million, start with $250,000. Buy during bear markets and store securely. Your wealth will grow over time, even without extensive knowledge of crypto. It's okay to only buy $BTC for this method.
B. Start small and grow over time. Be patient and learn about the market. For instance, start with $1,000 in $BTC during a bear market. Learn about different aspects like DeFi, staking, and futures trading. When Bitcoin gains, diversify into altcoins. Once your altcoins gain 5x, sell to USD. Repeat this process until you reach your goal. It takes effort, but you can succeed. Like and follow for more support! 👍
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