When it comes to this matter, the primary responsibility still lies with me.
At that time, the price of Bitcoin was not too high, and a big brother suggested buying some. So, my wife took out some of her own money, and I contributed some as well, and we bought her 0.7 Bitcoin.
Everyone knows that a Bitcoin wallet operates with a string of keys. My wife at that time saved a screenshot of that key on her phone. I saw it and thought it was inappropriate, so I told her that this does not comply with the key storage standards, since your phone's photo album is linked to iCloud, and the data would be uploaded to the cloud. If one day your iCloud gets hacked, wouldn't someone steal all your Bitcoins? Many people's coins have disappeared this way, so you must be careful.
BTC is on the verge of reaching 100,000; how should altcoins be selected?
Choose the right villa by the sea.
Now the atmosphere of the bull market is strong, as the disruptor of CeDeFi, it makes asset management simple and efficient like a money tree.
I believe there will be a big explosion for BB before the end of the year!
In the wave of financial innovation, BounceBit shines like a brilliant star, bringing a new perspective to the development of CeDeFi (Centralized and Decentralized Finance).
For stablecoin yield products, BounceBit has a unique role. Traditional stablecoin yield models are often affected by market fluctuations and platform restrictions. BounceBit, using its advanced algorithms and mechanisms, can optimize the yield path of stablecoins. It can intelligently match the supply and demand of stablecoins in different trading scenarios, allowing users holding stablecoins to obtain more stable and considerable yields. It's like creating a dedicated expressway for stablecoin yields, operating efficiently in a decentralized environment, avoiding unnecessary risks and losses in traditional models.
Now, the price of Bitcoin is almost equivalent to that of a house
If you could see the price of $BB ten years from now, would you also marvel at today's BB's cabbage price?
As a key force connecting traditional and decentralized finance, BounceBit holds a unique position in promoting the development of CeDeFi. It can play an important role in stablecoin yield products. By utilizing advanced algorithms and smart contracts, BounceBit can optimize the flow of funds in stablecoins, creating more stable and attractive yields for users. It breaks the limitations of traditional stablecoin yield products, making yield models more diverse.
In the integration of decentralized finance, BounceBit acts as a glue. It can integrate various decentralized DeFi protocols, making asset flows smoother between different protocols. For instance, in cross-chain asset interactions, it reduces friction, connecting isolated decentralized finance sectors into an organic whole, thereby enhancing the efficiency and scale of the entire DeFi ecosystem.
For the ecosystem, BounceBit brings new vitality. It introduces a more diverse range of participants, whether traditional financial institutions or ordinary cryptocurrency investors. Its unique technology and model encourage innovation, spawning new financial products and services.
Between traditional finance and the decentralized world, BounceBit is a solid bridge. On one hand, it draws from traditional finance's experience in risk control and compliance. By designing reasonable mechanisms to ensure the safety of user assets, it aligns with traditional finance's prudent principles. On the other hand, it leverages the technological advantages of decentralization, such as transparency and immutability, allowing traditional financial institutions to see the potential of decentralized finance and gradually attract their participation. At the same time, it provides ordinary investors with a convenient pathway from traditional finance to the world of decentralized finance, lowering the entry barriers and risks. In summary, BounceBit is an important driving force in the development of CeDeFi that cannot be overlooked. @BounceBit #BBCeDeFi
What’s the deal with the highest reward of 2250 BB for writing articles in Binance Square?
① Focus on @BounceBit ② Use label #BBCeDeFi ③ Share your insights on CeDeFi and $BB its application scenarios and future potential in the crypto ecosystem. Let's take action together!!! (BounceBit: A Bridge Connecting Traditional Finance and the Decentralized World)
In today's wave of fintech, BounceBit shines like a brilliant new star, showcasing extraordinary potential in the CeDeFi field, bringing fresh perspectives to stablecoin yield products, decentralized finance integration, and ecosystem development.
BounceBit has a unique path in promoting the development of CeDeFi. Although traditional finance has a mature system, it also faces issues such as inefficiency and lack of transparency. Decentralized finance attracts countless eyes with its open and transparent characteristics, but its volatility and complexity deter many. BounceBit finds a balance between the two. In the development of CeDeFi, it organically combines the stability of traditional finance with the innovation of decentralized finance. For stablecoin yield products, BounceBit ensures relatively stable returns through advanced technologies like smart contracts. It provides more than just a simple yield model, considering various aspects such as risk control mechanisms. This meticulous management of stablecoin yield products allows users to enjoy stable returns without excessive worry about significant market fluctuations.
What is BounceBit, Binance's first Megadrop project? Its explosive potential should not be underestimated!
Can this bull market reach $1? $5? Even $10? Be bold, everything is possible! 🔥What is BounceBit? Where is the potential for explosion? Simply put, BounceBit is a BTC re-staking public chain that is mainly dedicated to solving a series of problems such as Bitcoin asset interest generation, inefficient utilization of idle BTC, lack of innovation, and high gas fees.
The ultimate pursuit of BTC is to open up a new path for human economic development and create a new monetary system that can cope with financial crises. According to incomplete statistics, the value of BTC that is not circulated and has not yet released its potential in the market has exceeded 850 billion US dollars.
That year, I lost a lot of money in Myanmar A-share market and I lived a very tight life. Once, at a party, a friend who I hadn't seen for many years talked about Bitcoin at the dinner table. At that time, I knew nothing about Bitcoin, but he had been speculating in it and heard that he made a lot of money. After learning that I lost a lot of money in stock speculation and my life was not going well, he took the initiative to help me and said that he would give me a Bitcoin to help me get through the difficulties (the price of Bitcoin was 55,000 US dollars at that time 💲). I was so happy that I took the initiative to pay for the party with Huabei, and then took him to KTV to invite him to sing and ordered two 🦆 heads. The total cost of eating and singing was more than 9,000 yuan, but after the song, he fulfilled his promise and gave me a Bitcoin. After returning home, I took the Bitcoin he gave me and looked at it carefully. The workmanship was fine, and every detail revealed the exquisite craftsmanship (as shown in the picture)
Afterwards, more than 9,000 yuan was wasted, which made me, who was not rich, even worse! People's hearts are separated by their stomachs! #HaveYouBinanced
"BB, the first megadrop project in the Bitcoin Restaking track: Is the valuation too high?"
Based on my understanding of the BB project, the market value should be at least 500 million to match its positioning. However, it is only 160 million so far, which is far below expectations. What do you think?
Today, the popularity of the BTC re-staking project BounceBit has soared again. It is the first megadrop project on binance. Users can obtain BB tokens by locking BNB, bringing new gameplay to BNB. In Q1 2024, its on-chain TVL exceeded 100 million US dollars. The current project market value is 160 million US dollars, and the overall FDV is about 800 million US dollars.
1. Introduction
BounceBit is focusing on building a BTC re-staking infrastructure, with Mainnet Digital and Ceffu's custodial custody to ensure security. BounceBit Chain, as a showcase for re-staking products within its ecosystem, is a PoS Layer 1 secured by validators staking BTC and native tokens. The dual-token system leverages Bitcoin security and is EVM-compatible, critical infrastructure is secured by re-staking BTC, and the innovative CeFi + DeFi framework allows BTC holders to profit on multiple networks.
Binance's First Megadrop Project BounceBit: Unlimited Potential or a Flash in the Pan?
Looking back, on April 18, 2024, Binance grandly announced the first project of the Megadrop new token issuance platform—BounceBit (BB). BounceBit aims to tackle the problem of Bitcoin's lack of passive income, serving as the first native BTC staking chain that allows users to earn rewards while staking idle BTC.
So, what exactly is BounceBit (BB)? What is its charm? Let's explore it together with the author.
1. What is BounceBit?
Amid the backdrop of the core asset BTC in the crypto world lacking significant financial application attributes, BounceBit emerges. It is a re-staking project built on the Bitcoin ecosystem, dedicated to creating a brand new BounceBit chain ecosystem that allows BTC to generate organic staking rewards.
BounceBit Founder: Analyzing the Current Dilemmas of Cryptocurrency, Gaining Insight into the Essence and Avoiding Social Missteps
BounceBit (\u003cc-123/\u003e) has developed rapidly in the industry since its establishment over half a year ago. Currently, the market situation is poor, and many people feel confused. Taking this opportunity, I would like to share some insights from the frontlines of the project. Many past articles have analyzed from an economic perspective, directly linked to money, while viewing the market from sociological and psychological perspectives is equally intriguing. This article will analyze from a very direct perspective, and if there are any offenses, please forgive me.
Insight into the Essence of Things In the cryptocurrency field, people are easily misled or confused. Due to the close relationship with money, many people make moves that go against their inner feelings. For instance, investing in a project they know is unreliable just because it is widely praised; a startup team knows their idea is unfeasible but tries it due to the hot concept. Almost every industry participant has had similar experiences. When the market is good, people are happy to be led by this confusion, but when the market turns bad, they start to complain. In fact, seeing the essence of things can help us avoid being misled. Therefore, for every role in the industry, insight into the essence is crucial.
CeDeFi New Trend: How BounceBit Leads Unique Application Scenarios and Future Potential in the Crypto Ecosystem
In the field of crypto finance (CeDeFi), which integrates the advantages of CeFi and DeFi, BounceBit, as a new force, demonstrates the potential to create new application scenarios between decentralized finance and centralized finance. Compared to single CeFi or DeFi, the emergence of CeDeFi greatly enhances user experience and capital utilization efficiency, while BounceBit adds more possibilities to this field through its unique business model. 1. What is CeDeFi? CeDeFi is an innovative framework that combines the advantages of CeFi and DeFi, typically supported by regulatory backing from traditional financial institutions, and employs on-chain operations to enhance transparency. Users can enjoy decentralized financial freedom in CeDeFi while receiving the compliance assurance of centralized finance. This model has unique advantages in promoting the mainstream adoption of crypto assets, enhancing market transparency, and optimizing liquidity.
Three years ago, you entered the Ethereum market at a price of 4700.
Subsequently, you unloaded your exchange due to the price drop.
Since then, you have worked diligently and lived seriously.
Yet deep down, you have always believed in the future of cryptocurrency.
Today, you hear that Bitcoin has broken through eighty thousand and that Ethereum's rise is astonishing.
Tears flow uncontrollably as you, once again, open the exchange under the gaze of your family.
However, looking at the Ethereum price of only 3200, you suddenly feel a bit at a loss.
Therefore, investing is important and requires choice; not all coins will rise with BTC, so I tend to invest more towards Bitcoin ecosystem coins, like $CKB .
"The Rise of CKB in the BTCFi Ecosystem"
In the vast world of cryptocurrency, CKB (the native token of Nervos Network) demonstrates unique charm and potential in the BTCFi ecosystem.
From a technical perspective, CKB possesses unique technical advantages. It employs a distinctive underlying architecture design, ensuring high security and scalability. In the BTCFi ecosystem, CKB can provide a solid technical foundation for Bitcoin-related financial services. Its advanced cryptographic technology and consensus mechanism ensure the security and reliability of transactions, providing users with a trustworthy trading environment.
In terms of application scenarios, CKB has broad uses within the BTCFi ecosystem. On one hand, it can serve as a means of value storage, complementing Bitcoin. Users can participate in various financial activities in the BTCFi ecosystem, such as lending and staking, by holding CKB. On the other hand, CKB can also be used for payments and settlements, providing convenient payment channels for Bitcoin-related transactions. Additionally, CKB can support the development of decentralized finance (DeFi) applications, offering users more innovative financial services.
Looking to the future, the development prospects of CKB in the BTCFi ecosystem are very promising. As Bitcoin becomes more popular and the BTCFi ecosystem continues to grow, the demand for CKB will also increase. Its unique technical advantages and wide range of application scenarios will attract more users and developers to participate. Meanwhile, as blockchain technology continues to advance and innovate, CKB will also continue to improve and develop, providing users with higher quality services.@CKB Eco Fund #CKB助力比特币生态
After the US elections, the cryptocurrency bull market demonstrates a unique sector rotation phenomenon:
- Initially, mainstream coins rise, creating a bullish market sentiment. After all, the bear market has just passed, and people are still wary of large-cap coins, hesitant to touch them easily. According to on-chain data statistics from before November, over 10% of funds flowed into the MEME field, causing some people to miss the opportunity for mainstream coins to rise, with the biggest winners being SOL parties, so-called 'dog pools,' and those smart funds. - When the market capitalization of mainstream coins becomes too high, making it increasingly difficult to drive them up, growth coins begin to emerge, marking the true beginning of a bull market, and retail investors start pouring into the market frantically.
Many people have misconceptions about the market trends of BTC and ETH!!
During a downturn, they dare not buy the dip, and when it rises slightly, they hurriedly sell off. After selling, they realize it continues to rise and feel regretful, worrying about missing out on opportunities, and after selling, they still think about chasing the highs. This is a typical retail investor mindset.
After the market rises, some people become increasingly emotional (EMO). It seems everyone is lost in the surge, not knowing the next direction of the market. It is clear that BTC has taken the lead with strong momentum; after a few days, altcoins started to stir. Next, I believe we can focus on the Bitcoin ecosystem, #CKB助力比特币生态
"The Value of CKB in the BTCFi Ecosystem"
In the vast world of cryptocurrency, CKB (the native token of Nervos Network) shows unique charm and potential in the BTCFi ecosystem.
From a technical perspective, CKB has its uniqueness. It uses a distinctive underlying architecture design, providing strong technical support for the BTCFi ecosystem. Its advanced cryptographic algorithms and security mechanisms ensure the safety and reliability of transactions. At the same time, the programmability of CKB provides developers with a broad space for innovation, enabling the development of various novel applications and solutions within the BTCFi ecosystem.
In terms of application scenarios, CKB also has vast prospects. In the BTCFi ecosystem, it can serve as a medium for value storage and exchange, providing users with a more convenient and efficient trading experience. For example, users can use CKB to participate in financial activities such as lending and staking of BTC, thus gaining more returns. In addition, CKB can also be used for payment and settlement, offering merchants and consumers a safer and faster transaction method.
As the cryptocurrency market continues to develop and mature, the BTCFi ecosystem will also grow. CKB, as an important component, will benefit from the development of the entire ecosystem. Meanwhile, with continuous technological advancements and innovations, CKB will constantly improve and enhance its performance and functionalities, providing users with higher quality services.
However, the development of CKB in the BTCFi ecosystem also faces some challenges. For example, the volatility of the cryptocurrency market may impact the price and value of CKB. $CKB @CKB Eco Fund
Firstly, they are unwilling to purchase assets that are overpriced (such as BTC, often referred to as 'cake'), nor do they want to choose assets that are too cheap, usually tending to opt for a compromise.
Secondly, they do not fully believe in decentralization; rather, they trust people, leaders, and developers more.
Thirdly, there is a superstitious attitude towards so-called blockchain printing technology, while undervaluing faith and showing disdain for means of value storage (SOV).
Fourthly, there is extreme superstition towards orthodoxy and hostility towards other cryptocurrencies, especially Bitcoin, which is to some extent related to the leaders they follow.
Teach you a simple trading technique for cryptocurrencies, with a profit rate of almost 100%
First, open the daily chart and check the daily level, focusing on the cryptocurrencies with MACD golden crosses, ensuring it is above the 0 axis, and do not mistake a dead cross for a golden cross.
Secondly, also open the daily chart and observe two moving averages, one being the 7-day line and the other the 30-day line. Buy when above the 30-day line, and sell when below.
In the third step, after buying, if the coin price breaks through the daily moving average and the trading volume is also above the daily moving average, one should buy in full. As for selling, there are three details. First, when the swing increase exceeds 40%, sell 1/3 of the overall position; second, when the overall swing increase exceeds 80%, sell another 1/3; third, once it falls below the daily moving average, immediately liquidate the entire position.
How to securely hold digital land CKB for the long term
Land has been an important material foundation for human survival throughout history. From the ancient times when humans appeared, measuring land with upright walking; to the agricultural civilization where humans cultivated and expanded land to accelerate reproduction; to the industrial age, where land became a major production factor of capital. Today, with the emergence of information technology, the internet, and the future digital blockchain, the concept of digital land has emerged. So, how should we own this new form of digital land and hold it securely?
1. Digital land CKB
Nervos is an open-source public chain ecosystem, consisting of a group of layered protocols that are compatible with each other and centered around blockchain technology, aimed at solving the scalability dilemma of blockchain. Nervos CKB (Bytecoin) is a multi-asset value storage public chain based on the PoW consensus mechanism, serving as the foundation for a secure, trustworthy, and sustainable development of the cryptocurrency economic network.
The coin with the strongest bullish momentum in the bull market! Can CKB reignite the glory of the BTC ecosystem?
Be an investor, not a trader!
\u003cc-174/\u003e as a representative project of Chinese public chains, tends to be the most bullish currency right before the onset of each bull market.
Since the price surge started in October 2023, it skyrocketed tenfold, and although it has returned to a low point of 0.0068, it is still nearly three times higher than when it started.
The Chinese team behind CKB has top-notch technical strength in its early stages, and CKB has always adhered to using PoW and UTXO, which is consistent with Bitcoin's underlying infrastructure. This consistency is likely to help maintain compatibility and security with the Bitcoin ecosystem.
If you are interested in Nervos CKB because of the “Hong Kong Concept Coin”, you need to know these
Recently, the popularity of "Hong Kong concept coins" has soared, and "Chinese coins" are being discussed everywhere on the Internet.
If you are also paying attention to Nervos CKB because of the “Hong Kong concept coin”, then you need to know the following points first:
First of all, Nervos Network is an open source public chain ecosystem, in which Nervos CKB is the underlying public chain based on the PoW consensus mechanism in Nervos Network, committed to pursuing security and decentralization.
This shows that the Nervos CKB blockchain is like the Bitcoin blockchain, which does not require permission and anyone can join or leave at any time. There is no concept of "region". The tweet of Jan Xie, chief architect of Nervos CKB, made it very clear.