🔥Breaking News! Elon Musk Announces Closure of D.O.G.E. by 2026 - A Bold Decision Shocking the Crypto World!
Elon Musk recently announced a news that has shaken the crypto world: he plans to close D.O.G.E. (Department of Government Efficiency), co-founded by him and entrepreneur Vivek Ramaswamy, before June 2026. This department was initially aimed at improving the efficiency of government work and addressing lengthy administrative procedures. However, Musk believes that even with grand goals, reforms should have a clear deadline, and this "closure date" coincidentally falls on the 250th anniversary of American independence, seemingly heralding a new beginning for the nation.
Massive Reactions in the Crypto Community Once the news broke, the entire crypto community, especially supporters of Dogecoin ($DOGE ), reacted strongly. They believe that having only two years to push for large-scale reforms is simply too short, and many plans may fall through as a result. Notable figures like Sean Ono Lennon have also publicly urged Musk to reconsider this decision. Humorous Responses from Dogecoin Fans Dogecoin fans have taken to social media to closely link the closure date of D.O.G.E. with the future of Dogecoin. One user, @dogefanatic2026, even joked that perhaps by June 2026, Dogecoin will become a mainstream global currency. Even Dogecoin co-founder Billy Markus joined in, jokingly saying that the "self-destruction" date of D.O.G.E. aligns perfectly with the unpredictability of Dogecoin.
Concerns from the Financial Sector Big shots in the financial sector believe that to truly reform the system and have it deeply resonate, more time and effort are needed. If the timeline for D.O.G.E. could be extended, the project might have more far-reaching impacts.
Musk's Determination Despite the ongoing external voices, Musk seems steadfast in his hope to end this project before June 2026.
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Essential guide for safe withdrawals in the crypto world 🔥🔥🔥
Assuming you earned 10U, and are starting to consider how to withdraw safely, what should you do? 1. Withdraw in Hong Kong: Make a personal trip to Hong Kong to exchange currency • Precautions: Avoid carrying too much U at once; it’s safer to withdraw in batches. • The withdrawal shops in Hong Kong are usually unofficial, so stay vigilant to prevent encountering shops that might run away with your money. 2. Obtain an overseas bank card: • You can transfer U from Binance to Kraken, then exchange it for USD and withdraw it to accounts like ZhongAn Bank. This method requires you to obtain an overseas bank card in advance and is generally more secure. 3. Binance C2C withdrawals: • Choose an exchange: Try to choose Binance and avoid platforms like Euro某, as they have a higher risk of dirty money. • Merchant verification: Choose merchants who have been registered for at least 2 years, and the more transactions they have, the better. • Transaction frequency: A moderate number of transactions in the last 30 days is ideal; too many may indicate frequent trading, which is riskier. • Real-name transactions: Try to complete transactions within the exchange to avoid using opaque channels like offline cash transactions or Telegram.
Some people have been scammed out of U during offline transactions, and some have even had their RMB stolen. In real cases, some have been sentenced for robbery, while the other party was also a victim.
Recently, I have been looking for potential meme coins; does anyone have any recommendations? I have currently invested in a token named Marvin, which I found out is connected to Musk and is his longest-standing dog, hoping for a hundredfold return!
💥Trump will take office next month, and the following 5 cryptocurrencies may experience a surge! Get your positions ready, don't miss the opportunity! 1. $DOGE (Dogecoin) Current price $0.43, favored by Musk, with strong liquidity and high trading volume, expected to see explosive growth next month. Especially after Trump takes office, it may further boost its rise. 2. $PNUT (Squirrel Coin) Previously surged 400% during Trump's election period, now priced at $1.38, with low volatility, suitable for long-term positioning. After Trump takes office, a second wave of increase may occur, adding positions at lows is a good strategy. 3. $PEPE (PEPE Coin) Apart from being a trendy coin, it has great potential on DeFi and NFT platforms, and is expected to create its own ecosystem in the future. Although now is not the best entry point, if the timing is right, it is expected to have a 10x appreciation potential. 4. $XRP (Ripple) Received donation support during Trump’s election, and the price rose to $2.9 post-election, setting a new 3-year high. If Trump promotes its use as a cryptocurrency payment method, the price of XRP may rise significantly.
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USDT Transfer Loss of $26,800: A Painful Lesson in Cryptocurrency
A month ago, my friend suffered a loss of $26,800 while transferring USDT. This incident serves as a wake-up call for all cryptocurrency players: in this space, every step must be taken with caution.
The Mistaken Transfer
My friend intended to transfer $25,500 USDT from KuCoin to his business partner's OKX wallet. The partner provided an ERC20 network address, and he thought everything was going smoothly. However, during the setup, he accidentally selected the Polygon network without realizing it. After confirming with one click, the money was deducted from the account but did not enter the partner's wallet for a long time. Multiple attempts to recover it failed because the OKX wallet address does not support deposits on the Polygon network, resulting in the USDT being lost.
Lessons Learned 1. Network Mismatch: The target address was supposed to use the ERC20 network, but the funds were transferred to the Polygon network. 2. Irreversible Transfer: Unlike bank remittances, once a cryptocurrency transfer is confirmed, it cannot be reversed; the mistake must be accepted.
Advice to Avoid Repeating Mistakes: 1. Verify Wallet Address: Carefully check the recipient address and designated network; don't dismiss it as a hassle. 2. Ensure Network Compatibility: Confirm that the selected network is compatible with the recipient's network to avoid errors. 3. For large transfers, first conduct a small test: send a small amount as a 'test' to confirm everything is correct before proceeding with a larger transfer.
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🚨 Attention Dogecoin holders! Elon Musk praises Dogecoin's inflation rate: 'It's a feature, not a bug!'
World's richest person and Tesla CEO Elon Musk has once again expressed support for Dogecoin's inflation model. On Twitter (now called X), Musk responded to a tweet by Dogecoin co-founder Billy Markus, stating that Dogecoin's inflation rate is its "characteristic," not a flaw.
Unlike Bitcoin or Ethereum, Dogecoin has an unlimited supply, with 10,000 new coins minted every minute. This structure means that over time, Dogecoin's market share will gradually decrease. Musk indicated that this "steady inflation" is an advantage of Dogecoin, rather than a problem.
Musk has been a supporter of Dogecoin since 2018 and frequently promotes the cryptocurrency on his social media platforms. Nevertheless, he recently stated that he is not deeply involved in the crypto space, just that he "kind of" likes Dogecoin because it has "dogs" and "memes," which he appreciates.
Musk's comments indicate that his support for Dogecoin remains strong, believing that its unique inflation mechanism is significant for its future development.
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🔥 Dogecoin holders should be aware! DOGE market cap surpasses $62 billion! Can it continue to soar?
Since the beginning of the year, Dogecoin (DOGE) has performed quite strongly, rising from a low of less than $0.1 in October to a stable price of around $0.44, with a market cap exceeding $62 billion, becoming a dark horse in the crypto market. Everyone is speculating whether this wave of enthusiasm for Dogecoin can last until the end of the year or if it will cool down a bit.
Technical Analysis: 1. Moving Average Support: • Currently, Dogecoin's 50-day moving average has become its launchpad for rising, while the 200-day moving average provides solid support. The distance between these two moving averages is gradually widening, indicating that the bull market is still ongoing. 2. Relative Strength Index (RSI): • Dogecoin's RSI has dropped to 62, although it is far below the overbought state at the beginning of November, it is still within a healthy range. If buyers maintain their enthusiasm, Dogecoin is expected to rise again. 3. Key Price Range: • $0.5 is an important test for Dogecoin; if it breaks through this level, it may continue to rise; if it fails to break through, the price may consolidate between $0.4 and $0.35 for a period.
Market Cap and Network Activity: 1. Market Cap: • Dogecoin's market cap has surpassed $61.3 billion, although there has been a slight pullback, it remains in a strong position overall, indicating market stability. 2. Trading Volume and Network Activity: • In November, Dogecoin's trading volume exceeded $10 billion; although it has slightly decreased at the beginning of December, its network remains active, showing strong market participation and user activity.
Future Outlook: • Potential for Continued Increase: • If Dogecoin can break through the key resistance level of $0.5, combined with its continuously growing market cap and network activity, it may experience a new peak in mid-December, possibly nearing $0.6. • Pullback Risk: • If it fails to break through $0.5 and trading volume declines, Dogecoin may face a pullback, with prices potentially falling back to $0.4 or $0.35.
🔥 Let me introduce to you the number of cryptocurrency players, as well as the number of players in Binance, Europe and Italy, and Coinbase in China. 1. Global Cryptocurrency Users The number of cryptocurrency players worldwide has exceeded 600 million. Among them, North America has nearly 100 million players, while the number of players in China is only about 35 million, accounting for a relatively low proportion.
2. Binance • Total number of registered users: 210 million • Chinese users: less than 10% of registered users, of which only 3.6% are active users. • Binance, as the world's leading trading platform, has relatively limited penetration in the Chinese market.
3. OKX • Total number of registered users: 70 million • Chinese users: accounting for as high as 23%, showing a significant presence in the Chinese market. • The number of Ouyi wallet addresses has exceeded 350 million, reflecting its advantages in the wallet and infrastructure fields.
4. Coinbase • Total number of registered users: 110 million • Chinese users: accounting for only 0.78%, reflecting its weak influence in China, which may be related to its positioning mainly for the European and American markets.
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🔥Attention Dogecoin Holders⚠️ For DOGE investors Here are some tips to help you stay calm during market fluctuations and make informed decisions: 1. Don't overemphasize short-term fluctuations The price of Dogecoin can be quite volatile in the short term, but true upward trends usually become apparent when the main bull wave arrives. Stay patient and avoid anxiety over short-term volatility. 2. Hold for the long term, with a goal of at least 3 months It is recommended to set your holding period for at least 3 months, preferably until around the Chinese New Year in 2024. The value of Dogecoin typically manifests in long-term accumulation, and short-term fluctuations should not affect your judgment. 3. The current adjustment phase is a period of turnover The ups and downs of DOGE are part of the market's turnover process, and the handover between sellers and buyers helps facilitate future price increases. Understanding this can help you avoid anxiety or impulsive actions during the adjustment period. 4. Expect future increases to $0.5, with a potential breakthrough of $1 around the Chinese New Year The current adjustment is in preparation for the next wave of increase, with DOGE expected to rise to $0.5, and possibly break through $1 around the Chinese New Year in 2025, bringing greater upside potential. 5. Institutional investors need time to enter Institutional investors usually hold positions for years, with large amounts of capital, and enter the market at a slower pace. Be patient and wait for institutional funds to flow in, which could drive prices up. 6. Patiently await the inflow of institutional funds The entry of institutional funds is an important driving force for price increases.
In summary, holding patiently, avoiding short-term fluctuations affecting decisions, and focusing on long-term market trends are strategies that DOGE investors should adopt.
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🔥 What kind of miracle would it be if you had invested $100 when Bitcoin sprouted in 2009?
In 2009, Bitcoin was just born, and each Bitcoin was priced at less than $0.0008. Without hesitation, you purchased 125,000 Bitcoins for $100, thus beginning an incredible journey of wealth: • 2010: Bitcoin first broke through $0.08, and your small investment grew to $10,000. Although few people were paying attention to Bitcoin at the time, you had quietly begun to accumulate wealth. • 2011: Bitcoin broke the $1 mark, and your 125,000 Bitcoins turned into $125,000, making you an "invisible millionaire" among your friends. • 2013: Bitcoin soared to nearly $100, and the investment value reached $12.5 million, making you a global sensation. • 2017: Bitcoin's price broke $20,000, and your investment appreciated to $2.5 billion, becoming a symbol of wealth for the era. • 2021: Bitcoin's price surged to $64,000, and your wealth reached $8 billion, symbolizing a digital wealth empire. • 2024: Even though Bitcoin's price slightly pulled back to $67,185, your assets still remained at $7.75 billion, firmly situated at the peak of wealth in the digital age.
The growth from $100 to $7.75 billion proves that Bitcoin is not only a leader in digital currency but also a legend in wealth creation, establishing your glorious position in the digital era.
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🔥Popular Science - Early Leaders in China's Bitcoin Field
1. Changpeng Zhao (CZ) • Identity: Founder and CEO of Binance • Background: As the founder of one of the world's largest cryptocurrency exchanges, Changpeng Zhao has accumulated huge wealth through Binance. In the early days, he cashed in personal assets, including real estate, and bought Bitcoin. According to widespread industry speculation, Changpeng Zhao may hold more than 100,000 Bitcoins, but there is no conclusive public evidence to verify this number. 2. Li Xiaolai • Identity: Bitcoin evangelist, early Bitcoin participant in China • Background: Li Xiaolai is known as the "richest man in Bitcoin in China". He is one of the early promoters of Bitcoin in China and has made a lot of investments in the early stages of Bitcoin. Li Xiaolai has publicly stated that he holds a large number of Bitcoins and wrote the book "Bitcoin Bible". Although the market circulates that he holds more than 100,000 Bitcoins, this has never been publicly confirmed. 3. Wu Jihan • Identity: Co-founder of Bitmain • Background: Wu Jihan is one of the founders of Bitmain, the world's leading Bitcoin mining machine manufacturer. Through Bitmain's mining machine sales and mining pool operations, Wu Jihan and his company have accumulated a large amount of Bitcoin. Although the specific number of holdings is difficult to confirm, he is considered one of the important early Bitcoin holders. According to industry analysis, he may not have as many as Li Xiaolai, but he is still a large Bitcoin holder. 4. Li Lin • Identity: Founder of Huobi.com • Background: Li Lin is the founder of Huobi.com, a well-known Chinese cryptocurrency exchange. Although he has not publicly announced his Bitcoin holdings, as a successful exchange founder, Li Lin will undoubtedly accumulate a large amount of Bitcoin assets through the operation of Huobi.com. Like other exchange founders, his Bitcoin holdings may be considerable.
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DOGE, SHIB, PEPE Who is the king of meme coins? 1. Dogecoin (DOGE) • Advantages: As a pioneer of cryptocurrency, DOGE has established a strong market position with loyal community support. It is endorsed by celebrities like Elon Musk, which has increased its visibility and market attention. DOGE has strong liquidity, high trading volume, and provides a certain level of stability. • Disadvantages: Due to widespread market recognition, the explosive growth potential of DOGE is somewhat limited. Price volatility is significant, making it susceptible to fluctuations in internet culture and sentiment. 2. Pepe (PEPE) • Advantages: As an emerging meme coin, PEPE has high volatility, offering profit opportunities for short-term investors. If its popularity continues to rise, PEPE may yield considerable returns. • Disadvantages: PEPE's market position is still unstable, and the risks are high. There is a possibility of “pump and dump,” and its cultural influence is still in the establishment phase, leading to uncertain long-term prospects. 3. Shiba Inu (SHIB) • Advantages: SHIB has strong community support, and its ecosystem is gradually expanding, with projects like ShibaSwap continually launching to aid its growth. SHIB is considered the “Dogecoin killer,” with significant growth potential, especially when combined with new application scenarios. • Disadvantages: SHIB has an enormous token supply, which limits the potential for price increases unless market demand grows significantly. Its value largely depends on market speculation, making it a highly speculative asset.
Conclusion: • DOGE: As the “big brother” of meme coins, DOGE has a strong community base and market position, but its future growth potential may be limited. • PEPE: An emerging meme coin with high volatility that may present opportunities in the short term, but has high uncertainty in the long term. • SHIB: Although its supply is massive and growth potential is limited, strong community support and an expanding ecosystem provide it with potential.
Among these coins, DOGE is undoubtedly the most solid “king.”
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🔥 In 2025, these coins may become extremely popular, and a hundredfold increase is not a dream!
Here are four coins I believe have great potential for growth in 2025, with expected increases up to a hundred times! Let's see why they are worth paying attention to:
1. $ARB (Arbitrum) • Estimated Price: $20.08 • Why it's promising: Arbitrum is a powerful assistant to Ethereum, specifically designed to address Ethereum's performance bottlenecks and reduce transaction costs. As a Layer 2 scaling solution, it significantly enhances Ethereum's scalability and transaction speed. With strong technology and a gradually improving ecosystem, it is expected to become one of the core components of the crypto market in the future.
2. $SUI • Estimated Price: $30.92 • Why it's promising: SUI is a high-performance blockchain platform with a very advanced design philosophy and technical architecture, particularly excelling in scalability and speed. Its efficiency makes it a new favorite in the market, with huge market potential, and as more developers join, its value is expected to rise significantly.
3. $APT (Aptos) • Estimated Price: $14.84 • Why it's promising: Aptos is a highly innovative platform that employs a unique technical architecture, attracting a large number of investors and developers. Its high performance and innovative design set it apart in the blockchain field, and it is expected to become a mainstream blockchain platform in the future.
4. ZK-Rollups • Estimated Price: $13.99 • Why it's promising: ZK-Rollups technology is expected to become the 'savior' of Ethereum and other blockchain platforms. It can greatly increase transaction throughput, reduce latency and costs, and solve blockchain scalability issues. As ZK-Rollups technology matures, it will become a key technology for the development of the crypto industry in the future.
In addition, I recently plan to invest in a potential coin that has the chance to explode, doubling is quite simple, with an expected space of 10 times or more. If you want to follow along, please like and comment. #Marvin #Marvin7055 #Meme齐涨 #山寨季怎么布局? #粉丝代币板块普涨 $XRP $DOGE $1MBABYDOGE
🔥Super practical 5 years of short-term trading experience in the crypto space!
Short-term trading is a common method in the crypto world, but to make a profit, you must adhere to several key principles:
1. When you make money, protect your profits
When the price of a cryptocurrency rises by more than 10%, you must be cautious. If it falls back to the buying price, sell immediately. The larger the profit, the higher the baseline for protecting profits. For example, if you've made a 20% profit, at least retain 10% of the profit before selling. This ensures that even if you miss the peak, you can still achieve stable profits.
2. When you lose money, decisively cut losses
Set a stop-loss point (e.g., a loss of 15%), and once it is reached, immediately cut losses. Stop-losses are key to controlling losses and preventing them from expanding. You should preset your stop-loss point before each trade to avoid emotional interference.
3. If the coin you sold falls, buy it back at the original price
If the price of a coin drops after selling, you can buy it back at a lower price to reduce missed opportunities. Although the transaction fee increases, it can lower the risk of "missing out." If the coin price rises back to the selling price, it can be considered a missed opportunity, and you should re-enter in a timely manner.
Summary:
Short-term trading is not about blindly entering and exiting, but rather based on fixed rules and risk management. Adhering to these principles can not only ensure profits but also effectively avoid losses.
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🔥SHIB Price Tug-of-War: Who Will Laugh Last, Bulls or Bears?
SHIB has recently been trapped in the price range of $0.00003, with no significant ups or downs, leading to fluctuating investor sentiment. During this period, whether SHIB can break through this price point will become the focus of the market.
Current Situation of SHIB 1. Market Correction: The entire cryptocurrency market is experiencing a correction, leading to cautious investor sentiment and weak buying pressure for SHIB. 2. Lack of Technical Innovation: Although the community is large, SHIB still falls short in technical innovation compared to giants like Bitcoin and Ethereum. 3. New Incentive Plans: The SHIB team has launched new plans such as a decentralized exchange, which, while incentivizing some investors, has resulted in complex market sentiment.
Current Price Trend
The price of SHIB is like a tug-of-war, with the forces of bears and bulls at a standstill around $0.00003. The key to breaking out lies in which direction dominates the market: • Bullish Victory: If buying pressure increases, SHIB may break through the current resistance and rise. • Bearish Dominance: If selling pressure intensifies, SHIB may drop below the current range and continue to decline.
Market Competition and Sentiment
SHIB is under pressure from established coins like Bitcoin and Ethereum, while emerging coins like Dogecoin and ADA are also fiercely competing. For SHIB to stand out, it needs more innovation.
Investment Advice 1. Risk Tolerant Investors: Can consider buying in moderation, but should be mentally prepared for market fluctuations. 2. Risk Averse Investors: Should wait and observe for a clear trend or choose more stable investment projects.
Conclusion SHIB's current struggles stem from market sentiment and technical development. Whether it can break through the current predicament depends on the team's efforts and market reactions. Investors need to remain calm and make decisions based on their risk tolerance to seize opportunities in the cryptocurrency market.
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The US government recently transferred 54.89 billion SHIB from FTX/Alameda accounts, equivalent to 1.55 million dollars, and this operation directly triggered sharp market fluctuations! The details are as follows:
1️⃣ Operation Details: The US government moved these SHIB from the FTX/Alameda wallet to another wallet associated with SHIB, with a transaction fee of only 5.73 dollars and very low gas fees of just 34.12 Gwei.
2️⃣ Market Reaction: • Possible Risks: If these SHIB are sold, the market price could be affected, leading to a short-term drop. • Reason for Transfer: The specific reason for the transfer is currently uncertain; it could be for debt repayment or asset restructuring. • Impact on Investors: If a large-scale sell-off occurs, the supply and demand relationship for SHIB may change, but many long-term SHIB holders remain confident.
3️⃣ Current SHIB Price: 0.00003153 dollars, with an increase of 2.75%. Whether this event will bring about a new round of increases for SHIB or create selling pressure remains unclear.
Community Reactions: • Some believe SHIB can make a comeback, seeing this as a new opportunity. • Others think it's best to wait for further market stabilization before making decisions.
So, what is our action strategy? • Closely monitor wallet movements and market prices to see if the US government plans to sell these SHIB or continue holding them, as this will directly affect SHIB's future trend!
In addition, I plan to position myself for a potential coin that could explode, with the chance of doubling still very simple, with an expected space of 10 times or more. Everyone who wants to join in, please like and comment. #Marvin #Marvin7055 #Meme齐涨 #粉丝代币板块普涨 #美财政部称BTC“数字黄金” $1MBABYDOGE
🔥After the Bitcoin Heaven and Earth Needle, the dealers are busy with yacht parties
Currently, the Bitcoin price is stable around $100,000, but there is almost no actual trading volume in the market, and the entire market seems to be waiting for the dealers to harvest the leeks. After the "Heaven and Earth Needle" harvest a few days ago, the dealers are busy celebrating and partying, completely uninterested in the dynamics of the trading market, which means that the current trading activity of retail investors is actually an illusion.
Just like the international gold market, the cryptocurrency market is also a typical case of manipulation by dealers. Significant fluctuations and wild ups and downs are led by policies and market sentiment; exchanges can even manipulate the market by inserting needles to create extreme situations. Recently, I personally experienced that a profitable order I placed should have taken profit, but the exchange failed to execute it, which is clearly malicious manipulation. Although we understand these trading tactics, we often feel powerless to change the status quo, and this situation has made me feel disgusted with trading.
Regarding the future trend of Bitcoin, currently stabilizing around $100,000, the bears do not hold an advantage. If the short-selling forces in the market are too strong, Bitcoin may quickly rise to $105,000 or even higher. While the probability of this happening in the short term is not high, there is still an opportunity to entice more buyers. The current market is likely to continue to move sideways, waiting for the dealers to make the next decision based on the balance of bullish and bearish forces. Therefore, relying on technical indicators for analysis may not be as effective as formulating strategies based on the overall direction of the market.
The market has already experienced several months of upward movement, and if the trend continues to rise, it should undergo a correction before continuing to rise. Therefore, the strategy of shorting at highs and operating with light positions is wiser, with a higher likelihood of short-term profit. At this stage, chasing high prices no longer has cost-effectiveness; engaging in such "picking sesame seeds and losing watermelons" is not worth the loss. $BTC #Marvin #Marvin7055 #山寨季将持续多久? #SUSHI价格飙升 #PEPE市值新高 $SUSHI $PEPE
Dogecoin Deflation Plan: Billy Markus Reveals Important News
Recently, Dogecoin co-founder Billy Markus released significant news about Dogecoin's deflation on the X platform, sparking widespread attention in the crypto community. As a loyal observer of Dogecoin, this topic deserves in-depth discussion. Here are some key points and my understanding:
How to Achieve DOGE Deflation?
Billy Markus suggested that achieving deflation for Dogecoin is not complicated, and the key lies in the following steps: 1. Developer Action: Initiate a Pull Request on GitHub, proposing code changes related to deflation. 2. Community and Miner Support: Convince the community and miners to accept and run the new version of the protocol.
This indicates that as an open-source Proof of Work (PoW) cryptocurrency, community opinion is crucial, and miners are the core force in determining the network's operational direction. If the community and miners reach a consensus, the DOGE deflation mechanism can be smoothly initiated.
Comparison of DOGE Supply with Bitcoin
Currently, the total supply of DOGE is approximately 146.78 billion, with an annual increase of 5 billion. Although the issuance of Dogecoin is fixed, its inflation rate will gradually decrease over time, which differs from Bitcoin's supply mechanism. Dogecoin's design does not have a limited total supply like Bitcoin; in fact, its characteristic of "infinite supply" is significantly different from Bitcoin.
Billy Markus also mentioned that DOGE and BTC are very similar in design, with only slight parameter differences. He pointed out that Bitcoin's supply can also be adjusted with community agreement, emphasizing the flexibility and variability of blockchain projects.
Additionally, Musk believes that this design may allow Dogecoin to outperform fiat currency in the long term.
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🔥Super practical! Suggestions on how to start in the cryptocurrency space with 3000 yuan (or more):
Capital allocation and strategy: 1. Diversify risk: • 2500 yuan in spot investment: Choose cryptocurrencies with potential to avoid the high risks associated with short-term fluctuations. If the right cryptocurrencies are chosen, it may double the funds in a short period. • 500 yuan for contract testing: This portion of funds is for high-risk operations, but losses should be controlled to avoid contract trading wiping out the principal. 2. Contract operation skills: • Build positions in batches: Divide the 500 yuan into 5 parts, investing 100 yuan each time for contract operations. • Ten times leverage: Choose a moderate leverage multiple; ten times leverage balances returns and risks. Use the isolated position model to avoid the risk of liquidation associated with full position models.
Cryptocurrency selection and operations: 1. Select potential cryptocurrencies: • In spot investment, choosing the right cryptocurrencies is crucial. Focus on those that may rise rapidly in the short term, typically these are short-term hot topics or projects with significant positive news. 2. Seize short-term opportunities: • For experienced investors, profit can be made by leveraging short-term fluctuations and trends. However, for beginners, heavy buying during a price surge is not recommended. 3. Combine leverage to expand profits: • In contract operations, if the direction is correct, returns may significantly exceed the principal. However, a 10% reverse price fluctuation will trigger liquidation; therefore, strict discipline is required in contract trading.
Mindset management: • Overcome greed and fear: Avoid blindly chasing prices when the market is high, and do not easily cut losses due to short-term fluctuations. • Calm decision-making: Avoid emotional decisions; always execute according to your trading plan.
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🔥Warning of risks! Time is running out for clearing out altcoins! (I am not being bearish!!!)
Currently, Bitcoin's rise began on November 5, after Trump's victory, the price climbed from $66,000 all the way up, breaking the $100,000 mark with almost no pullback. $100,000 has become an important psychological price level and has been surpassed. The altcoin market has also started to heat up, with many altcoins experiencing astonishing gains over the past 90 days, including meme series (such as $DOGE , $PEPE, $SHIB, etc.), platform tokens (like BGB, BNB), and older coins (such as $XRP , LTC, XLM), as well as Ethereum and Solana-related altcoins, with a significant overall increase, and multiple sectors rotating once or twice.
However, it is important to be cautious of market risks right now, rather than being greedy. After Bitcoin broke $100,000, it suddenly dropped to $90,000 one morning, and the weekly chart showed long lower shadows for two consecutive weeks, while Ethereum also reached the historical resistance level of $4,000. The market has been in a state of extreme greed for a month, which increases the risk of market correction, and the adjustment of altcoins may be even more severe.
Therefore, now is the time to reduce altcoin positions, lower leverage ratios, and protect profits and capital. The idea of selling at the market peak is often unrealistic, so seizing the current opportunity and implementing risk control is crucial.
Additionally, a little bonus: Potential Meme coin focus As the most mentioned dog by Musk, Marvin has become a potential Meme coin stock. If market sentiment continues to rise, small funds tentatively investing in such projects might also yield unexpected surprises!
🔥Sun Yuchen, the "King of the Universe", enjoying a silky smooth legendary life🚀
From a poor student to a giant in the cryptocurrency world, he is both a symbol of wealth and a controversial figure due to a series of high-risk investments and hype tactics. Here are some of his notable "achievements": 1. Poor student turnaround: From Peking University to Bitcoin wealth Sun Yuchen had average grades in high school, but successfully entered Peking University with an essay, later went to the U.S. for graduate studies. In the booming cryptocurrency market, he turned his life around by investing in Bitcoin, becoming wealthy overnight and a focal point in the industry. 2. Controversy over Tron fundraising He raised up to 400 million RMB through Tron (TRX), but after the coin price peaked, he cashed out hundreds of millions of dollars, leading to a plummet in coin value and significant losses for investors, becoming synonymous with "cutting leeks". 3. The first to “stand up” Buffett globally Sun Yuchen once bid $4.56 million for a charity lunch with Buffett, but due to “kidney stones,” he canceled last minute, attracting widespread social attention, and this incident became a classic joke in the crypto space. 4. A “symbol” of luxury consumption Sun Yuchen spends money like water, frequently investing in art and NFTs, and purchasing many expensive items: • $78 million for a sculpture • $120 million for a Picasso painting • $10.5 million for an NFT avatar • $28 million bidding for a Blue Origin space seat, although he ultimately could not make the trip 5. $6.24 million for a “rotten banana” Recently, he purchased an artwork “banana” for $6.24 million, once again becoming the focus of media discussion.
Sun Yuchen's success is accompanied by controversy; he is a pioneer in the cryptocurrency world but also criticized for his overly aggressive business behaviors and hype tactics. His story serves as a mirror reflecting the complexities behind wealth and morality, reminding us that success often comes with unseen costs. In the crypto world, short-term wealth and attention may obscure long-term moral considerations and business risks.
Finally, I have carefully selected a cryptocurrency expected to grow 2-3 times in the short term and 5-10 times in the long term; leave a comment + like for free sharing!