new news about BTC 2024 Bitcoin rose to $50,000 Monday for the first time in two years, fueled by a rush of new-investor enthusiasm and growing anticipation over a cryptic-sounding event known as “the halving.”
Bitcoin, the world’s most popular cryptocurrency, dipped back into the high 40s on Tuesday, snapping seven straight days of increases, and it remains far from its all-time high of around $69,000. But bitcoin has staged a remarkable comeback over the past year and half, climbing more than 200% from its 2022 low of $16,000.
There are a few key forces forces driving the latest bitcoin euphoria, including an influx of money from investors in newly launched bitcoin exchange-traded funds and excitement over the halving, when the rate of bitcoin production is slashed.
“Now that $50,000 has been topped, $69,000 followed by $100,000 look achievable in 2024 as the narrative switches from the ETFs to the upcoming halving,” said Antoni Trenchev, the co-founder of crypto lender Nexo Capital. “Which is exciting because if history rhymes, the next 12-18 months is going to be a scorcher for crypto.” #sanor016CommUNITY #Sanor016
In the context of trading and investing, the terms "sell position" and "buy position" refer to the actions taken by traders or investors in the financial markets.
- A "sell position" (or short position) is when a trader sells a financial asset, such as a stock, currency, or commodity, with the expectation that the price will decrease. The trader will profit from the transaction if the price of the asset falls after they sell it.
- A "buy position" (or long position) is when a trader buys a financial asset with the expectation that its price will increase. The trader will profit from the transaction if the price of the asset rises after they buy it.
These positions are taken based on the trader's analysis of market trends, economic indicators, and other factors that may influence the price of the asset. Traders can take both buy and sell positions to capitalize on both rising and falling prices in the market. #sanor016CommUNITY #Sanor016
Putin believes that the dollar is a tool of American power and allows this country to dominate the world. • He points to low inflation in the US (3-3.5%) and says that despite this, the US will not stop printing money. Putin refers to the US debt of 33 trillion dollars and considers it a sign of the country's weakness. • He says that by 2022, 80 percent of Russian transactions will be done in dollars, but this figure has now dropped to 34 percent. Putin says that Russia is increasing the use of the Chinese yuan in its transactions, and 70% of the country's transactions are currently done with the yuan and the ruble. • He says that all countries tend to use the yuan as a trade currency. Putin points to Russia's neighborhood with China and the long history of relations between the two countries, and says that this could help expand the use of the yuan in trade between the two countries. Overall, in this interview, Putin has a negative view of the dollar and believes that the currency is losing its strength. He presents the yuan as a possible replacement for the dollar. And the green light is to negotiate with America to stop the war in Ukraine #sanor016CommUNITY #Sanor016
Price action is a trading strategy that involves analyzing historical price movements of an asset to predict future price movements. Traders who use the price action method focus on the actual price movements of an asset rather than relying on indicators or other technical analysis tools. They believe that all relevant information is already reflected in the price and that studying price patterns, trends, and support/resistance levels can provide valuable insights for making trading decisions. Price action traders often use candlestick patterns, chart patterns, and trendlines to identify potential entry and exit points for their trades. #sanor016CommUNITY #Sanor016
Altcoin is a term used to refer to any cryptocurrency other than Bitcoin. The term "altcoin" stands for "alternative coin" and encompasses a wide range of cryptocurrencies that have been developed after Bitcoin. Altcoins can have various features, use cases, and technologies that differentiate them from Bitcoin.
Some popular altcoins include Ethereum, Ripple (XRP), Litecoin, and Cardano, among many others. These altcoins often serve different purposes and have unique features such as smart contract capabilities (Ethereum), fast transaction speeds (Ripple), or privacy-focused features (Monero).
Investors and traders often look at altcoins as opportunities for diversification and potential higher returns compared to Bitcoin. However, it's important to conduct thorough research and due diligence before investing in any altcoin, as they can be highly volatile and risky investments. #sanor016CommUNITY #Sanor016
Investing in shitcoins can be extremely risky and may result in financial losses. It's important for investors to conduct thorough research, evaluate the credibility and legitimacy of a cryptocurrency project, and be cautious of any red flags before investing in any coin. It's recommended to stick with well-established cryptocurrencies with strong communities and proven track records to minimize the risk of falling victim to a shitcoin. #sanor016CommUNITY #Sanor016
Tether is a type of digital currency that is traded as a direct base currency for the US dollar. Tether is typically issued by Tether Limited and its main purpose is to provide a method to transfer money quickly and online. Tether is typically based on blockchain technology and is directly linked to the US dollar as a cryptocurrency. #sanor016CommUNITY #Sanor016
The Ethereum network is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It is powered by its native cryptocurrency, Ether (ETH), and uses blockchain technology to securely record and validate transactions. Ethereum is known for its programmable functionality, allowing developers to create complex applications and decentralized systems on top of the network. #sanor016CommUNITY #Sanor016
1. Decentralization: Cryptocurrencies operate on a decentralized network, meaning they are not controlled by any central authority like a government or financial institution.
2. Security: Cryptocurrencies use cryptographic techniques to secure transactions, making them less susceptible to fraud and hacking compared to traditional payment methods.
3. Lower transaction fees: Cryptocurrency transactions typically have lower fees compared to traditional banking systems, especially for international transfers.
4. Privacy: Cryptocurrency transactions can provide a higher level of privacy and anonymity compared to traditional financial transactions.
5. Accessibility: Cryptocurrencies can be accessed and used by anyone with an internet connection, providing financial services to people who may not have access to traditional banking systems.
6. Borderless transactions: Cryptocurrencies allow for seamless and fast cross-border transactions without the need for currency conversions or intermediaries.
7. Transparency: Blockchain technology, which underpins cryptocurrencies, provides a transparent and immutable record of all transactions, enhancing trust and accountability in the system. #sanor016CommUNITY #Sanor016
The difference between an oscillator and an indicator. The most obvious differences between an oscillator and an indicator can be seen in the way they are placed in the price chart. By default, oscillators (oscillators) can be seen in a separate layer at the bottom of the price candles. While the indicators are usually placed in the background of the price chart #sanor016CommUNITY #Sanor016
Al Brooks was born on February 23, 1952 and has been a professional trader since he left his job as an ophthalmologist 30 years ago. He received his medical degree from the University of Chicago.
In addition, he has written thousands of scientific articles on eye diseases and surgery. He also taught at Emory University before opening his own institute in Los Angeles.
He has shared his techniques with 4 continents, taught advanced scalping techniques at the Chicago Mercantile Exchange, regularly speaks at Money Show and Trader Expo conferences, and has taught tens of thousands of traders. How to have a successful transaction in the market.
With the publication of four books and training courses, he has the title of "the best teacher in the world", and Futures magazine named him "the trader of traders", and he has been their technical analyst for many years.
Price action is considered one of the best trading strategies in the world, which is used to earn profit in financial markets such as the digital currency market. In fact, price action is a type of financial market technique that gives traders the ability to make their decision to trade by examining price movements. L Brooks price action is known as the best price action method in the analysis of trading markets that traders use this method to earn profit. #sanor016CommUNITY #Sanor016
Blockchain is a distributed and decentralized digital ledger technology that records transactions across multiple computers in a way that is secure, transparent, and resistant to modification. It is the underlying technology behind cryptocurrencies like Bitcoin, but its applications extend far beyond digital currencies.
The blockchain consists of a chain of blocks, with each block containing a list of transactions. Once a block is filled with transactions, it is added to the existing blockchain in a linear, chronological order. Each block contains a unique cryptographic hash of the previous block, which creates a secure and tamper-resistant link between the blocks. This makes it extremely difficult to alter or delete any transaction records without affecting all subsequent blocks in the chain.
One of the key features of blockchain technology is its decentralized nature. Instead of relying on a central authority or intermediary to validate and record transactions, blockchain uses a consensus mechanism to ensure that all participants in the network agree on the validity of transactions. This decentralization makes it more difficult for any single entity to control or manipulate the system, enhancing security and trust in the network.
In addition to cryptocurrencies, blockchain technology has applications in various industries such as supply chain management, healthcare, finance, and more. It enables the creation of transparent, traceable, and secure systems for recording and verifying transactions, leading to increased efficiency, reduced fraud, and improved trust among stakeholders. #sanor016CommUNITY #Sanor016
The trade of cryptocurrencies involves buying, selling, and exchanging digital assets on various online platforms known as cryptocurrency exchanges. These exchanges allow users to trade one cryptocurrency for another, as well as for fiat currencies (such as USD, EUR, etc.). The process typically involves creating an account on a cryptocurrency exchange, depositing funds, and then using those funds to buy or sell cryptocurrencies based on market prices.
Cryptocurrency trading can be done in several ways, including spot trading (buying and selling cryptocurrencies for immediate delivery), margin trading (trading with borrowed funds to increase potential gains), and futures trading (trading contracts that obligate the buyer to purchase an asset at a predetermined price and time in the future).
Traders often use technical analysis, chart patterns, and market indicators to make informed decisions about when to buy or sell cryptocurrencies. Additionally, some traders engage in day trading, swing trading, or long-term investing strategies based on their risk tolerance and investment goals. It's important to note that cryptocurrency trading carries inherent risks due to the volatile nature of the market, and it's essential for traders to conduct thorough research and exercise caution when participating in cryptocurrency trading. #sanor016CommUNITY #Sanor016