How to withdraw 10 million: The safest guide for withdrawal in the cryptocurrency world!
First, to withdraw overseas, you need to solve the global payment receiving problem and have an account that can receive worldwide payments. Step 1: Register an offshore company. You can find an agent on Taobao, spend 2000 RMB, and you can register a company in the United States or the United Kingdom in two weeks. It’s easier if you are overseas; if you are onshore, Taobao agents or website registration are both fine. Website registration requires scanning your passport, costing a few dozen dollars, and can be completed in a week. Step 2: Apply for an overseas SIM card. Buy a UK SIM card on Taobao, activate it after receiving, and a monthly plan of 6 pounds is sufficient. This way, you can receive global SMS verification while onshore; many people don’t know this little trick! Step 3: Open an offshore bank account. Use the company registration materials to apply for a UK bank account through Wise, or you can choose Wanlihui. You can open accounts in USD, GBP, or EUR, making it convenient for receiving payments. Step 4: Apply for a third-party payment platform merchant account. The first choice is Stripe, fill in the company information, legal person information, etc., and the review is quick. If you have a diverse product line, you can create multiple Stripe merchants to spread the risk. There are other payment platforms; it's good to have a few more backups. Step 5: Withdraw and spend. Once the funds accumulate to a certain level, you can withdraw them to your offshore bank account. If you want to spend onshore, you can open a personal account with Wise, apply for a physical card or digital card, and bind it to Apple Wallet or online payment. The last step is to transfer to a personal account. If you want to travel abroad or use WeChat Pay domestically, you can transfer money from the offshore corporate account to an offshore personal account, and then bind it to WeChat Pay. Alternatively, you can transfer funds to an onshore bank card via a Hong Kong bank account. Did you learn? This is the safest withdrawal method on the internet! If you have questions, see you in the comments section!
MicroStrategy may suspend issuing convertible bonds to buy Bitcoin in January
On December 18, market rumors said that MicroStrategy may enter a lock-up period in January 2025, during which it will suspend the issuance of stocks and convertible bonds through "on-site trading" (ATM) to raise funds to buy Bitcoin. This is a major negative for Bitcoin. After all, MicroStrategy has made great efforts to break through $100,000! The news came from a venture capitalist who broke the news that MicroStrategy "was in a lock-up period throughout January and could not issue new convertible bonds to buy Bitcoin." MicroStrategy plans to release its financial report on February 5, 2025, and will join the Nasdaq 100 Index on December 23. This will increase the buying of MicroStrategy by about $2.1 billion! There are many opinions on the specific time of the lock-up period in the market: some believe that it is a full-month lock-up, and some predict that it will be 30 days starting from January 14. In any case, it is not good news for Bitcoin!
Powell's speech triggers a global crash! Brief correction moment, the bull market isn't over yet, so don’t rush to jump off a building! How to pick up bloody chips at 100x?
The bull market is not over yet, so don’t rush to jump off a building! Powell's negative attitude poses a challenge to Trump's policy advancement, but it may not be a decisive factor. Bitcoin can be implemented as a strategic reserve plan through congressional legislation. Believe in the power of trends; trends are irreversible. The uptrend is still ongoing because as long as there are no major issues in Q1 next year, the new president will take office, the new SEC chairman will be in place, and the hype will continue; the trend is sure to persist.
How to pick up bloody chips at 100x? WIF The WIF EMA line currently presents a bearish pattern, with the short-term EMA below the long-term EMA. This setup indicates that downward pressure remains, and WIF may test the support level of $2.19. If this level is not maintained, the WIF price could decline further, potentially reaching $1.85 as the next significant support level.
Will the imitation season come? When will it arrive?
I believe it will! The market can change anything, but human nature remains unchanged, and the imitation season is a reflection of human nature. Since entering the crypto space in 2016, how many coins have tried to challenge Ethereum's second position, only to become a fleeting moment. Ethereum's DeFi applications, lending, decentralized exchanges are all built on the Ethereum chain. The global consensus is there; its status is not easily shaken. Moreover, with the push of Ethereum ETFs, the U.S. has been aggressively acquiring and accumulating a large amount of bottom chips; the market will not remain sluggish forever, so there is no need for everyone to panic. I know you might be very anxious right now, but please remember: Don't panic!
In the current market environment, it is a safer choice to focus on the potential projects in the following sectors: Mainstream public chains: Such as ETH, BNB, SOL, etc., which have strong ecological support and high market recognition. If Bitcoin continues to pull back, the performance of these public chains may be relatively good, and there may even be room for rebound. AI sector: FET is one of the best, with the support of DWF's market maker, which has played a positive role in the stability of price trends. DeFi projects: AAVE and COMP are still DeFi projects worth paying attention to, especially Aave, which has a solid position in the decentralized lending market. In addition, for investors who want to make more aggressive investments, they can pay attention to some niche projects that have not yet fully exploded, such as ACT, PNUT, etc. However, it should be noted that the risk of aggressive investment is high, and the position should be controlled.
The price of Bitcoin rises, altcoins fall! When Bitcoin drops, altcoins continue to fall! This is the true reflection of the market in recent days: However, there is no need for everyone to be too nervous. As long as Bitcoin does not return to 30,000 points, this round of market will definitely not end. The current time node is just not the outbreak period for altcoins. Therefore, I suggest that brothers holding altcoins be patient. As long as your altcoins are listed on major exchanges, the project team is still working, and the direction aligns with market demand, then there is no problem. In fact, during a bull market, the price increase of quality altcoins can achieve a curve overtaking of Bitcoin. But at this time, do not casually chase hot spots and change positions, especially with new coins on Binance or other CEX platforms, as it is easy to fall into a trap. Currently, the market is filled with risk-averse sentiment. And next week, there is Christmas, followed by New Year’s Day. During this period, liquidity is very low, and US stocks are closed, completely influenced by retail investor sentiment. Powell's negative attitude is a challenge for Trump's policy advancement, but it may not be a decisive factor. Bitcoin, as a strategic reserve plan, can be realized through legislation by Congress. Trust in the power of trends; trends are irreversible. The upward trend is still there, because as long as nothing unexpected happens in Q1 next year, with the new president taking office and the new SEC chair, speculation and trend will definitely continue.
Federal Reserve's Hawkish Comments and Market Reaction
Recently, the Federal Reserve announced a decision to cut interest rates; however, this rate cut did not signal a bull market as the market had expected, but rather exhibited a hawkish stance. This shift is mainly reflected in three aspects: 1. Economic Expectation Adjustment: The Federal Reserve's expectations for unemployment rates, economic growth, and core inflation are all higher than previous forecasts, indicating that the demand for rate cuts is not as strong as anticipated. 2. Dot Plot Analysis: The Federal Reserve's dot plot shows that 10 committee members predict that there will be only two or fewer rate cuts in 2025, which is clearly lower than the market's expectation of multiple rate cuts, suggesting that the Federal Reserve may maintain a relatively tight monetary policy. 3. Internal Disagreement: This rate cut was not a consensus among all committee members, as one member voted against it, indicating that there is some resistance within the Federal Reserve regarding the decision to cut rates. Additionally, Federal Reserve Chairman Powell stated in response to a reporter's question that Bitcoin is not an asset held in the Federal Reserve's reserves, which undoubtedly brought considerable negative news for Bitcoin. The market's reaction was also very direct, with the prices of Bitcoin and Ethereum plummeting in a short period of time.
Powell said he does not wish to change the law The helplessness in his words indicates that the change in law has become a fact His attempt to stop it is undoubtedly like an ant trying to stop a chariot This should be a big positive So how did it become a negative?
Why has Bitcoin skyrocketed to an all-time high while altcoins have failed to follow? The underlying reasons can be summarized in the following key factors: Market Maturity and Investor Rationality: With the continuous development of the crypto market, veteran players have become more rational and no longer blindly follow the fluctuations of altcoins. Many investors' confidence in altcoins has plummeted, especially in the face of stagnant returns and an inability to break through the upward bottleneck, resulting in a large amount of hesitation and indifference. Market Capitalization and Liquidity Dispersion: Although the total market capitalization is continuously growing, the growth rate of altcoins lags far behind that of mainstream coins like Bitcoin.
The Dream of Getting Rich Overnight: 3 Cryptocurrencies You Must Pay Attention To for 100x Gains!
1. PEPE PEPE is a typical meme coin. It was launched on the Ethereum blockchain to pay tribute to 'Pepe the Frog' created by Matt Furie. The biggest feature of PEPE is that it is a pure meme coin with no actual application value, existing solely for social and entertainment purposes. As a result, it has attracted a large number of investors who appreciate the simplicity and entertainment of cryptocurrencies. Between April and May 2023, PEPE experienced a rapid surge, with its market cap reaching up to $1.6 billion, providing considerable returns to early investors. PEPE's roadmap includes three phases: first, listing on platforms like CoinMarketCap and gaining popularity on Twitter; then entering centralized exchanges; and finally planning to enter larger exchanges to capture a bigger share in the meme coin space. Whether it can continue to rise strongly will depend on further market developments.
In the past two days, Bitcoin has continuously broken new highs, and Ethereum has also continued to rise. The overall crypto market has been steadily rising. Ethereum and Ripple have been relatively strong, while other mainstream and large altcoins have generally been sucked away.
BTC is expected to continue to consolidate around 105,000. The trend of breaking new highs is very stable, but unfortunately there is no volume. If there is no large volume to pull it up, it is just sucking blood to pull the market up. Be alert to the possibility of a retracement.
Slight increase and sideways trading are actually similar, both are testing the market. When Bitcoin stabilizes and moves sideways, funds will flow to other mainstream and large altcoins. However, Bitcoin did not increase in volume during the process of rising. At present, the trend may continue to rise, and it is not ruled out that it can reach 110,000 in the short term. ETH is expected to continue to consolidate and rise around 4,000. If it continues to invest, it will definitely make money. Institutions continue to increase their holdings in the short term, and there is a target of 4,800 above. As the saying goes, the goal is clear, the actual actions of institutions are optimistic, and it is the second place for a thousand years. It is still worth looking forward to. If you think that chasing Bitcoin is too high, you can actually consider this product.
There is no top in the bull market, and there is no short selling when you are bearish. At this time, the upper points are based on large integer points as the barrier, and they are tested and broken through one by one. This breakthrough will bring about a retracement and consolidation, so don't rush to cover your position during the retracement, and don't chase the rise. After all, it is always comfortable to have someone standing guard at the top of the mountain.
You must have a narrative to start! It is well known that for altcoins, if there is a hype narrative, there is a chance to pull the market. For example, several currencies with relatively impressive gains recently, such as AAVE and LINK, are mainly because Trump's institutions have bought these tokens, which has led to an increase in the price of the currency. The next currency to pass the ETF is actually the most promising SOL, so SOL and the well-known ecological projects JTO, JUP, PYTH and WIF are targets worth ambush.
Especially WIF, for WIF, it is both a MEME sector and a SOL sector, so when this altcoin MEME picks up, it can rise, and when SOL picks up, it can also rise. For the point, if you didn't enter at 2.1 before, you can try to place an order at 2.65-2.5 to accept it, and the goal is to double it. In fact, for spot goods, as long as there is a good target for narrative speculation, you don’t have to regret buying at any point now, because the market in the next six months is not a short-term market, so cherish every decline in the bull market, because this is your opportunity to build a position and buy!
Trump's WLFI Project Spends $45 Million on Crypto, Who Are the Big Players Behind It?
Trump's DeFi project WLFI made a big move in December, spending nearly $45 million to buy a large amount of cryptocurrencies, such as ETH and cbBTC. This project was launched in September and claims to be a decentralized finance platform. What did WLFI buy? According to blockchain data, they started purchasing more than 8,100 ETH and over 100 cbBTC at the end of November, along with others like LINK and AAVE, totaling around $45 million.
Although this project claims to be a DeFi platform, most of the leadership team are new faces, and their practicality and innovation are still uncertain. Moreover, their own token WLFI is not selling well; they initially planned to raise $300 million but have sold less than a quarter of that. However, Sun Yuchen invested $30 million, becoming the largest investor.
The good news is that the WLFI community recently voted to pass their first proposal to deploy a lending instance of Aave v3 on Ethereum, which could bring new users and liquidity to the project. So who are the big players behind this project? In addition to Trump and his sons, there are five co-founders, but they are not well-known figures in the crypto space. For example, Chase Herro, who previously worked in cannabis sales and weight loss products, has only participated in one crypto project and faced a hacker attack. Another one, Zak Folkman, also has a rather controversial background.
However, there are also some professionals in the project, such as Rich Teo, who is responsible for stablecoins and payments; he is a veteran in the crypto field and has founded exchanges and stablecoin companies. The technical strategy head, Corey Caplan, is also a co-founder of Dolomite and has rich experience in DeFi platforms.
WLFI's recent actions have attracted outside attention; some believe they are trying to build trust or promote project development, while others feel that such startups are common, with few succeeding.
Overall, although the leadership team of Trump's family's DeFi project is not very familiar, their ambition and actions have still captured market attention. We will have to keep an eye on how things develop.
Ethereum (ETH) whale addresses have recently shown a continuous clustering trend: Whale holdings: Currently, 104 addresses hold at least 100,000 ETH, 57.35% of the total supply, with a market value of approximately US$300 billion. Small wallets: The proportion of wallet addresses holding 10-100 ETH has dropped to a historical low of only 30%. Wallets holding less than 100 ETH only account for 10% of the total supply. It can be seen that Ethereum's switching dealers is nearing its end. Old dealers leave the market and new dealers enter the market. This lays the foundation for the potential rise in Ethereum prices in 2025.
Risks and opportunities coexist, how to make a plan?
In general, as Bitcoin climbs higher, altcoins are eager to try, and most senior traders emphasize the importance of "careful layout and setting a clear exit strategy". For investors who are "bullish until 2025", there may still be room to seize the next wave of gains, but be aware that if the short-term market is overly enthusiastic, subsequent fluctuations will be more intense. The crypto market is changing rapidly. Remember to gradually realize some gains at the profit point, and never pin all funds on the fantasy of "endless bull market". Therefore, in the face of analysts' reminders of the "end of the bull market", no matter when you buy Bitcoin or altcoins, the most important thing is to ensure risk management and rational thinking. Experienced veterans often plan to exit early when the market is hottest, while rookies or retail investors often rush into the market and eventually become the receivers. Whether the rewards can be successfully pocketed may depend on each investor's views and deployment on this climax.
The SUI token is consolidating in a bullish triangle flag, suggesting a potential rebound. A bullish triangle flag forms after a significant price increase, usually indicating further upward movement. A breakout above the trendline could push SUI to between $5.32 and $5.50 by the end of December. However, if the breakout is not confirmed, SUI may return to a support level of $4.42 or lower. Traders are waiting for clear signals before taking action.
LINK
Chainlink has risen by 286% over the past month, reaching a multi-year high of $30.9. Previously, the DeFi project World Liberty Financial, associated with Donald Trump, purchased 80,000 LINK tokens. The project also integrated Chainlink's technology, boosting confidence in the token. More institutions are adopting blockchain, further strengthening Chainlink's fundamentals. Many believe that Chainlink's momentum is just beginning.
TAO
Bittensor aims to decentralize artificial intelligence by running machine learning models on the blockchain. Since August 2024, TAO has been bullish, showing strong upward momentum. Wave (1) reached a peak of $680, followed by a drop to $403 in wave (2). Subsequently, TAO broke above the October high, forming a bullish Elliott wave pattern. Analysts predict it will rise to $922-$1044. Investors are watching for a pullback near $403, viewing it as a buying opportunity before hitting a new all-time high.
Currently, Dogecoin [DOGE] is at the center of the storm, and multiple potential risks may further depress prices, and market sentiment is becoming increasingly tense. 1. The "decoupling" from Bitcoin is intensifying Bitcoin [BTC] is gaining momentum and breaking through the $100,000 mark, but Dogecoin has failed to take off at the same time. This divergence has caused investors to worry, and sentiment has gradually turned conservative, and capital outflows may accelerate. 2. The risk of the Fed's hawkishness is increasing In late November, the Fed's interest rate decision and continued inflationary pressure are weighing on the cryptocurrency market. Once monetary policy is tightened, high-risk assets such as cryptocurrencies will face selling pressure, and Dogecoin will be the first to bear the brunt, and the altcoin market will also be difficult to escape. 3. Speculative sentiment is fragile and retail enthusiasm is waning As a representative of meme coins, Dogecoin's price is highly dependent on the enthusiasm of retail investors. However, market sentiment is extremely unstable, and the decline in social media popularity or a change in regulatory direction may trigger a sharp decline. 4. Regulatory uncertainty increases Globally, cryptocurrency regulation is shrouded in a cloud of uncertainty, and many countries are considering implementing stricter policy controls. This is a big blow to highly speculative assets such as Dogecoin, which may lead to a decline in market value and increased risk aversion in the market.
Although Bitcoin currently dominates the market, many people have lost confidence in altcoins, but I remain optimistic about the future. The bull market has just begun, and there will be several positive factors pushing the market up between December and March next year.
Now is not the time to be influenced by those who are bearish, shouting all day that Bitcoin will drop to 80,000, 70,000, or even predicting a super black swan crash. If you are still so bearish during a bull market, I suggest you exit early.
Recently, altcoins have made some adjustments, but after the adjustments, they will continue to rebound. So now is not the time to chase high-priced coins, but to look at those that have already adjusted for a month or have sharply declined; these strong coins may have greater opportunities.
The core of investing remains choosing suitable investment targets, finding coins with high cost-performance ratios that you have confidence in. Only when the price is right can you hold patiently; don’t let market fluctuations affect your emotions. The purpose of investing is to make life better, not to make yourself anxious.
Bitcoin reaches a new high, but altcoins are generally in a pullback state. When will it be the altcoins' turn to rise? Although the total market capitalization of the crypto market has successfully surpassed 3.9 trillion, setting a new high, this is mainly attributed to Bitcoin. At this time, Bitcoin's market share has also exceeded 57.38. On major CEXs (centralized exchanges), the funding rates are generally below 0.01%. Typically, funding rates above 0.01 indicate a bullish market, while those below suggest a bearish sentiment, so the current funding rate situation does not strongly support altcoins continuing to rise. Ethereum, although performing better than most altcoins, still sees the ETH/BTC exchange rate declining. However, last week, inflows into Ethereum ETFs reached $850 million, setting a weekly historical high, indicating that the sentiment towards ETH from off-exchange funds is warming up. Several institutions predict that Ethereum will reach an all-time high by the end of the year. I also think this is quite possible, as long as the Ethereum Foundation does not create any issues, reaching ATH will be as simple as breaking through a layer of window paper. The turnover period for ETH has passed, and this week marks the acceleration time. First, let ETH open up space upwards, and then the altcoins will follow. The outlook for ETH has become much clearer!
The situation with act is quite different from pnut. Although the owner of pnut is shameless, he can indeed be sued based on legal principles. From day one, act has been a community meme, and now daily there are claims that act should not use his avatar and is asked to sue him under his real name. I swear I will initiate a community lawsuit against him for fraud. If he wins, he will change his avatar like pnut; if we win, he will be sentenced to ten years in prison.