Back in 2013, a friend and I were watching the prices rise and decided that at $200 a piece, Bitcoin looks like a good buy - we’ve decided to “invest” a few thousand shekels into it. At the time it was difficult to acquire Bitcoin - you couldn’t just get some with a credit card. There were various creative and tricky ways to obtain “digital gold” but most were either too complicated or took too long.
The easiest, most straightforward way was through “dealers” - simply buying ‘coins for cash.
Through a mutual acquittance we’ve received contact details for a prime Bitcoin “dealer” in our area. We were told that the guy is very private and won’t just sell to anybody. We had to be introduced and meet in a designated location for the transaction. I’ve gotta admit, this sounded really fishy. I couldn’t help but see the parallels between our situations and a drug deal.
Still, we’ve decided to risk it. We contacted the guy via email and quickly agreed on an amount, meeting time and location. So, my friend and I took out some cash, a laptop, and drove to the designated meeting location in order to carry out the exchange.
When we got there (it was a cafe), we had to wait for about 20 minutes until the guy showed up. We were sitting there, cash on hand, nervous for what’s about to happen… Well, whaddaya know? The big bad “dealer” we were nervous to meet was this 13 year old kid sitting on a Bitcoin stockpile that he mined a couple of years earlier when it was easy. We’ve ended up sharing a a drink, making the exchange and laughing at the absurdity of the situation.
That kid made some serious dough - I wonder what he’s up to today…
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

🔥U.S. Presidential Election: New poll shows Kamala Harris strengthening against Donald Trump
⚡️ A new poll confirmed Sunday, August 4, 2024, that Kamala Harris -- set to name her vice presidential pick imminently -- has drawn level with Donald Trump, transforming a White House race that the Republican had been increasingly confident he was going to win.
⚡️As the November 5 election rapidly approaches, Harris has erased the growing lead that Trump was building before President Joe Biden dropped his reelection bid.
⚡️ According to the CBS News/YouGov poll released Sunday, Harris has a one percent advantage on Trump nationwide -- compared to Trump's previous five point edge on Biden.
⚡️In the swing states that decide the Electoral College contest in US elections, Harris and Trump -- who shocked the world with his 2016 presidential victory but was beaten by Biden in 2020 -- are equal.
⚡️These are considered good numbers for a Democratic candidate who parachuted into the race only last month, when Biden bowed to mounting concerns over his mental acuity and ability at 81 years old to serve a second term.
⚡️But Harris, who is Biden's vice president and the first Black and South Asian woman ever in the role, is in a sprint to define herself to voters before Trump does.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #uselections #Election2024

VIP NEWS

UK Bill Recognizes Digital Assets as Personal Property Under New Law

The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions the UK as a leader in global digital asset regulation, boosting its economy and legal services.
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- Crypto Bullets#DOGSONBINANCE #CPI_BTC_Watch #USNonFarmPayrollReport #TelegramCEO #dappOSTheFutureofIntents

🔥VIP NEWS
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days.
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- Crypto Bullets
#PowellAtJacksonHole #CryptoMarketMoves #LowestCPI2021 #MarketDownturn #SahmRule

US is now somewhere in the middle of the Global Inflation Rate
Expect to see a 0.25% interest rate cut from FED in the next meeting on Sep 18 💪
Until then, the market will probably go side ways
#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn #SahmRule #BlackRockETHOptions

Why a small surge we witnessed on $BTC ?

Nasdaq closes up 2%, Dow adds 400 points as tame inflation data fuels market comeback
❕Stocks rallied Tuesday, moving closer to last month's record levels following the first of two key U.S. inflation reports this week.
❕The Dow Jones Industrial Average ended the day up 408 points, or 1.04%, at 39,765.64. The Nasdaq Composite jumped 2.43% to close at 17,187.61, while the S&P 500 added 1.68% to 5,434.43. The broad market index is now roughly less than 5% from its record high from July.
❕The producer price index — a measure of wholesale prices — increased 0.1% last month. Economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month's reading, according to Dow Jones consensus estimates.
❕The PPI encouraged investors ahead of the more widely followed consumer price index out Wednesday morning, which is expected to show an increase of 0.2% month over month, up from a 0.1% decline in the prior month. The data could give an uncertain market some direction after last week's wild moves.
❕"Today's PPI data gives further evidence that the tide has turned on inflation, especially in services," said David Russell, global head of market strategy at TradeStation. "[I]nvestors who dumped stocks recently expecting lower prices might be frustrated. The other shoe isn't dropping."
Or is it a boobytrap by the whales?
I’ll go with the above quoted line.
#CryptoMarketMoves #BinanceLaunchpoolTON #MarketDownturn #SahmRule #BlackRockETHOptions

❗️Bill Gates golden question to Warren Buffet!
➖Bill Gates : Your Stocks business is so simple with this capital that you hold anything that goes up by the time and you fill your pockets then why the youngsters and rest of the follows that and gets rich?
➖Warren Buffet’s replied: Because everyone wants to get rich by the night, it’s necessary to just follow the process and be patient.
🔥🔥🔥These golden words of Warren Buffet is for every crypto trader and investor.🔥🔥🔥
#CryptoMarketMoves #WBTCUnderScrutiny #MarketDownturn #SahmRule #BlackRockETHOptions

Must go through it, so you can make some bucks.

VIP NEWS
Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case
Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that the SEC “lost on everything” important, highlighting that the court firmly rejected the notion that XRP itself could be classified as a security.
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- Crypto Bullets
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

📌INSIDER UPDATE
BREAKING: 🇺🇦 Ukrainian's Zaporizhzhia Nuclear Power Plant is ON FIRE
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Crypto Bullets
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

Pretty crazy how Blackrock's $IBIT has already surpassed $GBTC by a lot and is now holding ~1.5% of the total #Bitcoin supply.
The ETFs combined will hold 10%+ of the total supply is just a matter of when, not if.
#TONonBinance #XRPVictory #SahmRule #BlackRockETHOptions

Trump’s Plan for a U.S. Bitcoin Reserve Looks Far-Fetched
➖ The idea of building a national Bitcoin reserve took a hit this past week, as the largest cryptocurrency tanked amid macroeconomic fears.
➖That Bitcoin is volatile isn’t new, but the plunge comes on the heels of former President Donald Trump committing to building a “strategic national Bitcoin stockpile.” At a Bitcoin conference in July, he vowed not to sell the Bitcoin the U.S. already holds, which usually comes from law enforcement seizures. ➖In a Fox Business interview, he suggested crypto could somehow solve the national debt.
❗️Last Week Markets
➖ It was a dramatic week for stocks, starting with a big selloff on Monday over fears of a recession and the unwinding of the so-called yen carry trade, when traders borrow cheap yen, use it to invest in assets like U.S. stocks, then sell when the currency rallies. Stocks were volatile for the rest of the week. A big wild card going forward: the U.S. presidential election battle between Vice President and Democratic presidential candidate Kamala Harris and Republican nominee Donald Trump. On Tuesday, Harris named Minnesota Gov. Tim Walz as her running mate. On the week, the Dow industrials
DJIA : 0.13% lost 0.60%, the S&P 500
SPX : 0.47% was down 0.04%, and the Nasdaq Composite
COMP : 0.51% was off 0.18%.
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

Harris responds to Trump Fed comments, will release economic plan in coming days
• Vice President Kamala Harris fiercely disagreed with former President Donald Trump’s suggestion this week that U.S. presidents should have a say in the Federal Reserve’s interest rate decisions.
“I couldn’t ... disagree more strongly,” Harris told reporters in Arizona, referring to the Republican presidential nominee’s comments. “The Fed is an independent entity, and as president, I would never interfere in the decisions that the Fed makes.”
• With just 87 days until the election, the vice president also told reporters that she is preparing to unveil an official economic policy platform in the coming days.
• “It’ll be focused on the economy and what we need to do to bring down costs and also strengthen the economy,” said Harris.
Harris’ comments drew a stark contrast between her and Trump, who said this week that the president should “have at least [a] say” in Fed policy.
• “I think that in my case, I made a lot of money, I was very successful, and I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman,” Trump said Thursday during a press conference at his Mar-a-Lago resort.
• After this past week’s tumult in the stock markets, many investors called on Powell to move more quickly to lower interest rates, ahead of the bank’s widely expected cuts coming in September.
• For his part, Powell says he wants to know that the economy is going to hit the bank’s traditional 2% inflation target before he and the board move to cut interest rates.
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

India newsletter: Could India be a hedge for a U.S. recession?
▪️ The big story
➖A surprise interest rate hike from the Bank of Japan and the Federal Reserve’s willingness to put a September rate cut “on the table” put global stock markets on the brink.
➖Then came a disappointing U.S. employment report that ultimately pushed stocks off their cliff and spoilt the party for investors.
➖Global stock markets fell the most on Monday in over two years. Japan’s Nikkei cratered by more than 12% and the S&P 500 fell 3% — yet India’s Nifty 50 only lost 2.7%.
➖The Indian benchmark (of emerging market stocks) has also started to outperform the S&P 500 year-to-date.
➖Could these market moves foretell how Indian equities might perform in the future if the U.S. does indeed fall into a recession?
➖ Taking stock of current economic conditions worldwide could partly address that question. While Europe is struggling and China is slowing down, India is booming.
➖Such a disconnected global economic picture means “it is unlikely that a macroeconomic distress in the U.S. becomes a global event in 2025,” Venugopal Garre, head of India research at Bernstein, told clients this week. Bank failures in the U.S. and Europe in 2023 and China’s multi-year housing slump provide evidence of the impact of significant shocks being localized rather than allowed to spread worldwide.
➖Historically, a U.S.-led recession typically leads to fund flows into safe-haven assets, such as U.S. dollars, Treasurys and gold. In contrast, risk assets like stocks and emerging market currencies fall. A depreciating Indian rupee, which hit an all-time low this week against the greenback, would dent total returns in U.S. dollars, euros or sterling, as the case may be for foreign investors.
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #india_crypto

10-year Treasury yield dips as traders weigh state of U.S. economy after latest data
➖U.S. Treasury yields were lower Friday as investors continued to assess the state of the U.S. economy after labor data buoyed sentiment.
➖The yield on the 10-year Treasury was around 6 basis points lower at 3.94% at 4 p.m. ET. Nonetheless, it was holding near the level it was at last week before a weak U.S. jobs report helped trigger a run of global market volatility.
➖The yield on the 2-year note was up less than 1 basis point on the day at 4.051%.
Yields and prices move in opposite directions, and one basis point equals one one-hundredth (0.01%) of a percent.
➖Initial claims for unemployment insurance totaled 233,000 in the latest week, the Labor Department reported Thursday, a lower figure than expected.
That helped drive the S&P 500 index to its best day since 2022, also boosting Asia-Pacific and European markets on Friday.
➖Traders meanwhile trimmed bets on a 50 basis-point rate cut from the Federal Reserve in September, now pricing in roughly even odds of that or a 25 basis-point move lower, according to CME’s FedWatch Tool.
Fresh economic data is in short supply until Tuesday, when the producer price index reading for July is due.
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

Bitcoin Price Prediction For Tomorrow & This Week
🔺These predictions made keeping in view the upcoming economic reports, forecasted political developments, current #btc candles and market correction.
- Bitcoin price prediction on Monday, August, 12: price 61015 dollars, maximum 65286, minimum 56744.
- Bitcoin forecast on Tuesday, August, 13: price 60183 dollars, maximum 64396, minimum 55970.
- Bitcoin price prediction on Wednesday, August, 14: price 67367 dollars, maximum 72083, minimum 62651.
- Bitcoin forecast on Thursday, August, 15: price 66265 dollars, maximum 70904, minimum 61626.
- Bitcoin price prediction on Friday, August, 16: price 68769 dollars, maximum 73583, minimum 63955.
✔️ Hope you will get some good bucks 👍
#TONonBinance #XRPVictory #MarketDownturn #SahmRule

🚫 BTC/USD is trying to continue recovery
Amid investors fleeing risk assets, BTC price plummeted to 49,440 after breaking several supports. However, this drop was predictably used for buying, leading the cryptocurrency back to 61,000 resistance. Currently, the nearest support is at 60,125, above which there is potential for breaking resistance and growing toward 63,200-64,000. Losing this support will lead to a decline toward 56,000-57,750. If BTC drops further, it might be bought up again.
$BTC
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

🚨VIP NEWS
🤖 SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes
The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced fine, the regulator underscored that the court acknowledged Ripple’s securities violations.
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- Crypto Bullets#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

Tether's USDT and Circle's USDC Combined Supply Grew $3B Amid Crypto Market Rebound
• Stablecoins serve a key role in the crypto space and their expanding supply is usually a sign of health of the broader market.
• The supply of the two top stablecoins, Tether's (USDT) and Circle's (USDC), grew nearly $3 billion in a week, a sign that investors rushed to buy cryptocurrencies at lower prices after Monday's tumble.
• Tether transferred $1.3 billion of USDT to exchanges and market makers since Monday, onchain sleuth Lookonchain noted. With the latest issuance, USDT's market capitalization climbed over $115 billion to a new record high.
• The market capitalization of second-largest stablecoin, USDC also grew some $1.6 billion this week to $34.5 billion, the highest since March 2023, TradingView data shows. David Shuttleworth, research partner at Anagram, noted that USDC on the Ethereum network recorded the bulk of the expansion with $1.36 billion, while USDC on Solana saw $356 million inflows.
• The growth happened as customers appeared to move funds to exchanges following the sell-off. Binance, the largest crypto exchange, saw over $1.5 billion in USDT deposits and $820 million in USDC deposits in four days following the Monday crash, DefiLlama data shows.
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions

▪️How Do I Analyze Cryptocurrency?
• To evaluate a cryptocurrency, you should always read the whitepaper to learn about it. Most reputable projects also have a vision for the problem they address, a roadmap, an involved community, a team of developers with notable experiences, and a method for using the cryptocurrency within the system.
• It's also important to be aware of scamming attempts—which learning how to analyze crypto can also teach you to do. Here are the fundamentals you should look for when evaluating a cryptocurrency.
▪️KEY TAKEAWAYS
- Investing in cryptocurrency requires a basic understanding of what it is.
- When choosing a crypto, you should learn about the project and its vision.
- Cryptocurrency analysis is similar to fundamental analysis of stocks.
- If a project makes promises but doesn't discuss how it solves a problem, it might not be a good investment.
- It's important to learn how to avoid cryptocurrency scams when you're choosing a cryptocurrency.
#TONonBinance #XRPVictory #MarketDownturn #SahmRule #BlackRockETHOptions