With the German Government officially liquidating all Bitcoin, below is a record of the governments around the world that (publicly) still hold Bitcoin: 🇺🇸 America owns 215,000 BTC: most confiscated from SilkRoad case 🇨🇳 China owns 190,000 BTC 🇬🇧 UK owns 61,000 BTC: confiscated from a person of Chinese origin on money laundering charges 🇺🇦 Ukraine owns 46,350 BTC: a large amount comes from donations for the war with Russia 🇸🇻 El Salvador owns 5800 BTC 🇧🇹 Bhutan owns 621 BTC 🇻🇪 Venezuela owns 240 BTC 🇫🇮 Finland owns 90 BTC 🇬🇪 Georgia owns 66 BTC 🔼Rich Kid Trading🔼
BTC hôm nay đóng nến D1 trên 55k là cả 1 sự cố gắng, tạm thời yên tâm chút cho altcoin, 1 số altcoin cũng đã hồi nhẹ, dự báo hôm nay BTC sẽ về test lại vùng 55k rồi bật lên là sẽ rất đẹp BTC , ETH thật ra giảm ko nhiều, nhưng đa số anh em chỉ hold altcoin nên tài khoản mới tụt nhanh, đó là lý đo mình khuyển cũng phải luôn có BTC và ETH trong các danh mục đầu tư, mình biết cái này cũng khó với nhiều anh em vốn chưa nhiều, nếu hold BTC và ETH thì sẽ không còn quá nhiều tiền để ôm altcoin , nên thô
[Difficult situation in German finance, why do countries push the amount of BTC onto exchanges] - P1
Like previous articles, in the RKT macro library, I shared about the G7, as well as the history of the formation of the EU common currency... We know that to join the EU commonwealth, Greece used Goldman Sachs Bank to falsify books and embellish data, and after joining this commonwealth, the nature of the Greek nation changed. cannot keep up with other countries, even affecting the overall situation in the bloc. Greece currently owes 193% of GDP, while the country's GDP is 217.6 billion dollars, meaning Greece's debt is over 400 billion dollars, making 200 debt 400 billion dollars.
💸Is the current selling force from governments a concern?
In June 2024, the US government and the German government moved Bitcoin out of their wallet addresses. Most of this Bitcoin is transferred to exchanges and the rest is transferred to a number of other anonymous wallets. On June 26, 2024, the US government transferred 3940 BTC to the Coinbase Prime hot wallet address. This is an OTC trading floor and when moving to such an OTC trading floor, a large proportion of this quantity of goods has had a previously agreed trading price and does not affect the normal value at all.
[Trading psychology - What to do when the market panics]
The value of a Trader does not lie in TP orders, analysis skills, and future predictions, but actually lies in the skills to handle orders and handle situations when the market is unfavorable, because that is what helps Trader "Survive" after many years. "Braking not only helps us slow down, but braking helps us confidently go faster." In trading, especially margin lending, we absolutely need to have barriers that should not be overcome.
In addition, we still have a headache: exchange rate. Our government has sold USD to stabilize but the exchange rate is still increasing. Financial expert Can Van Luc and many banks predict that the exchange rate is forecast to only increase by 1.5 - 2.5% in 2024, around: Quarter 1 = 24k Quarter 2 = 23k Quarter 3 = 23.8k Quarter 4 = 23.5k As the current reality, the exchange rate is up to 25,455, this proves what experts and the media say, if you think the opposite is correct.
USDT currently still accounts for a large proportion of stablecoins. Many people believe that USDC will have great development when it complies with MICA regulations. Until now, it is still unknown why Tether does not want to for USDT to comply with these regulations
- On D1 we see that, during an uptrend, the price adjusted to the Fibo 50 golden ratio area, then rebounded strongly, this is quite consistent with wave 2 in Elliott. - If the current rhythm is exactly wave 3, there will be the following TP levels that will return at the golden ratio, also coinciding with the old peak, even creating a higher peak at the fibo 1.0 zone of 5k3. - We will officially confirm that this is wave 3, once the price breaks peak 1, but it is not necessary to wait for peak 1 to enter the line, but you can enter right now, because the current sl level is quite low at fibo 50, because when fibo 50 is breached, the automatic selling force will be strong, then it will no longer be wave 2 in Elliott. Which one are you interested in in this uptrend? Sharing here, I will select and upload my personal opinion for reference!
On June 28, the US announced that the PCE personal consumption expenditure index was 2.6% in May, while in April it was 2.7%, a decrease of 0.1%. This is the FED's favorite inflation measure, which could cause the FED to cut interest rates earlier this year. In fact, this number is decreasing, it will not show a decrease in inflation like the crowd is chasing the index, US inflation has not decreased after this 0.1% number. To quote you more clearly, according to a report by the Financial Times (quite a reputable site in the US), they announced the following:
Many people are so absorbed in technical analysis that they forget how important the transaction status is. - With the same profit level of 500$, the person who profits from 500 to 1k will be different from the person who has negative 5k 10k, now profiting from 1 order of 500$, because at this time what they see will not be what they get, but still looking about what they lost before. I really like this saying: "Trader's success is born in suffering, suffering is hidden in success"
Financial and capital markets are built by "DEBT" Why is that so, when we can explain and see it, we will see the cause of all the collapse of secondary markets in finance. For example, the stock market was initially created by honoring companies that operate well, creating opportunities for investors to contribute capital to help them develop healthily. But unfortunately the rule "Where there is Money, there is crime" still applies to no one or any market.
This is a great question from a classmate who tutored Macro for 6 months. Money in the economy only plays the role of trade, creating motivation, promoting economic development, creating more goods, through the cash flow cycle. For example: When you buy someone's goods, you create income and profits for others, and so the social cash flow cycle operates, motivating people to create more goods. So there are 2 issues that you need to look at as follows.
[Compare the financial capacity of the US Government]
This article will analyze the financial capacity of the US government, which will help you have an interesting perspective on future cash flows. On January 31, 2024, the FED announced to keep interest rates at 5.25 - 5.5 with the expectation that inflation must return to 2.0. With this interest rate, let's look at the US government debt and see. - By 2023, US government debt will be 33.17 trillion (Link to view government debt https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/#the-growing-national-debt)
This article will help you realize what loan interest rates are based on. Surely, up to now, many people still think that the loan interest rate is the number the bank decides to announce according to the mass media. WRONG For example, bank interest rate is 12%, you can never borrow 12%, always more, why. - Actual Loan Interest Rate is "Credit" - If your credit is high and reputable, your loan interest rate will be low, and vice versa.
In just 9 months, Vietnam has welcomed 3 VIP Server characters on this earth - In September 2023, US President Biden visited Vietnam - In December 2023, General Secretary Xi Jinping visited Vietnam - And now, June 19, 2024, Russian President Putin visits Vietnam. In addition to these 3 Top Server characters on the planet, before that, many leaders from the Top 10 servers such as Korea and Germany have also visited Vietnam. Why has Vietnam become the center of attention for world leaders to visit? Enough to see how huge the economic potential and cash flow will be in the future.
During the trading process, we will always have a state of regret for the past, expectations for the future and the reality of not knowing what to do right. No matter how much we learn, when we enter an order, our mind jumps to the beat of the market, we panic here and there, the price goes up again, we forget all the previous states, and switch to excitement, and then Regretfully returned to panic when prices dropped.
Message to New Brothers Joining This Season: Be Patient and Faithful:
For those new to the market this season, the current period is really too stressful and worrying. Most of the positions are losing money, which is common in gloomy market conditions. However, this market is like that, when it pushes you to the edge of pain, it will often bounce back. Old-timers, those who have gone through at least one growth cycle, are often less worried during these difficult times. Experience from the past has taught them how to endure stressful times like these. They know that if they survive this stage, light will come.
After 2 years of debate on how to handle the blockaded money from Russia, the latest at the G7 conference taking place in Italy: The G7 group has agreed to use a large amount of sealed money from Russia to fund Ukraine This amount of about 300 billion has been frozen since February 2022. Previously, the US wanted to use this confiscated money to finance Ukraine, but the European Union did not agree, doing so would be like openly robbing people of money. send.
P3 - [Why the Bretton Woods system, the Gold standard must collapse]
Putin wants to link the Ruble with Gold, 5,000 Rubles to exchange 1 gram of Gold. This is okay for 1 or 2 months, but if it lasts long, Russia will definitely not be able to withstand it, because if it uses Gold, it can stabilize the currency. The collapse of Bretton Woods would not have happened. After World War II, the Bretton Woods system was established, at that time the currency was collateralized with Gold, 35 US dollars exchanged 1 Ounce of Gold, but currently 1 Ounce of Gold is more than 2,000 US dollars.
This week we have 2 exciting news - Saudi Arabia will not renew its 50-year petrodollar agreement with the United States, which expired on Sunday, June 9, 2024. This will allow Saudi Arabia to sell oil in any currency, not just US dollars as before. - India has just decided to withdraw 100 tons of gold from the United Kingdom to its country. Once again, the liquidity of the dollar is threatened, but in reality, if we have knowledge, we will see that it is not like that, or even the opposite.