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The Real Reason Satoshi Nakamoto Never Touched Bitcoin
Arguably the biggest mystery not just in cryptocurrency but in the entire financial market is Satoshi Nakamoto, the anonymous creator of Bitcoin.
No one knows his identity. He disappeared in 2011 and has not been heard from since.
What's wrong with him?
Did he leave Bitcoin because he lost interest? Or because he was worried about legal issues? Maybe he died, got arrested, or just felt Bitcoin was ready to take off on its own? The possibilities are endless.
The sad reality is that we may never know the full truth about Satoshi Nakamoto’s identity.
No one knows his identity. He disappeared in 2011 and has not been heard from since.
What's wrong with him?
Did he leave Bitcoin because he lost interest? Or because he was worried about legal issues? Maybe he died, got arrested, or just felt Bitcoin was ready to take off on its own? The possibilities are endless.
The sad reality is that we may never know the full truth about Satoshi Nakamoto’s identity.
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$BTC On September 20, MicroStrategy spent about $458.2 million to buy 7,420 bitcoins. As of September 20, 2024, MicroStrategy holds a total of 252,220 bitcoins, with a total purchase cost of about $9.9 billion and an average price of about $39,266.
Bitcoin is currently priced at $62,940, and MicroStrategy's bitcoin holdings have a floating profit of about $5.97 billion. [Michael Saylor predicts: Each bitcoin may reach $13 million by 2045, and may reach $49 million in a bull market]
Michael Saylor is a die-hard bull of $BTC . MicroStrategy, which he leads as a listed company, has been buying BTC all the way over the past few years, and MicroStrategy's stock price is evidence of its success. The company’s shares have risen 155% this year to around $1,750, peaking at $1,919 in March. “We’ll be 48 months down this road on August 10th of this year,” he said. “A lot of companies are trying to copy Nvidia, but interestingly, it’s easier to copy MicroStrategy. I’ve given you the playbook.”
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Are you nervous about buying the bottom? Check out these 8 Bitcoin bottom-picking indicators
In the cryptocurrency market, the sharp volatility of Bitcoin has always been one of the biggest challenges facing investors. However, volatility not only means risk, but also provides experienced people with a good opportunity to buy at the bottom. The so-called "bottom fishing" means buying when the price of Bitcoin drops sharply, waiting for the price to rebound in the future to profit from it. Using a variety of technical indicators for comprehensive analysis can improve the accuracy of bottom fishing decisions. This article will deeply explore the commonly used technical indicators and their specific application strategies when bottom fishing.
1. Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a widely used momentum indicator used to determine whether an asset is overbought or oversold. When the RSI is below 30, it means that Bitcoin may be oversold and market sentiment tends to be extremely pessimistic, which is often a good time to buy the dip.
1. Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a widely used momentum indicator used to determine whether an asset is overbought or oversold. When the RSI is below 30, it means that Bitcoin may be oversold and market sentiment tends to be extremely pessimistic, which is often a good time to buy the dip.
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Bitcoin: This may be the last bull cycle
The Bitcoin market has behaved differently in this cycle, and most people are not ready for the sudden bull run.
If you are familiar with the cryptocurrency market, you know that we usually go through a 4-year cycle. About 6 months after the Bitcoin halving occurs, Bitcoin explodes and soars to a new all-time high, taking the altcoin market and other markets with it.
Bitcoin’s history won’t repeat itself
That being said, you must always remember that Bitcoin seems to have a mind of its own and likes to go against the trend. Just when everyone thinks they know what Bitcoin will do next, it does something completely different. This is the exact reason why trading Bitcoin with leverage is a fool’s errand. When you start to believe that you know the future of Bitcoin without a doubt and start trading with that mindset, this can drive you away from Bitcoin faster.
If you are familiar with the cryptocurrency market, you know that we usually go through a 4-year cycle. About 6 months after the Bitcoin halving occurs, Bitcoin explodes and soars to a new all-time high, taking the altcoin market and other markets with it.
Bitcoin’s history won’t repeat itself
That being said, you must always remember that Bitcoin seems to have a mind of its own and likes to go against the trend. Just when everyone thinks they know what Bitcoin will do next, it does something completely different. This is the exact reason why trading Bitcoin with leverage is a fool’s errand. When you start to believe that you know the future of Bitcoin without a doubt and start trading with that mindset, this can drive you away from Bitcoin faster.
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Bitcoin is a game of survival
Historically, those who hold their ground through the ups and downs of the market have been disproportionately successful. Those who let market pressures get the better of them quickly find themselves out of the market.
Which one will you be?
It sounds like a very simple idea. Just invest in Bitcoin for 10 years straight and don’t let the ups and downs of the market get to you. These are the people who have had the most success in this market and created life-changing wealth.
However, it is by no means as simple as it sounds. In fact, becoming an active investor in Bitcoin without hesitation will be one of the most mentally challenging adventures of your lifetime.
Which one will you be?
It sounds like a very simple idea. Just invest in Bitcoin for 10 years straight and don’t let the ups and downs of the market get to you. These are the people who have had the most success in this market and created life-changing wealth.
However, it is by no means as simple as it sounds. In fact, becoming an active investor in Bitcoin without hesitation will be one of the most mentally challenging adventures of your lifetime.
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