#Bitcoin❗ #btc70 Bitcoin$BTC is currently in a phase of consolidation near its all-time highs, hovering around $70,000. This might seem like a quiet period, but don't let the calm deceive you—history suggests we might be on the brink of significant action.# The Calm Before the Storm?The Bollinger Band Width Percentile (BBWP), a trusted volatility indicator, is at its lowest point since August 2023. Back then, Bitcoin's price skyrocketed by over 150% in just seven months. The BBWP measures the width of the 21-day Bollinger Bands, ranking the widths of the last 255 days into percentiles. Right now, the BBWP is at 0, indicating the lowest volatility we've seen in 255 trading days.# Why This MattersPeriods of low volatility often precede powerful price movements. With the BBWP at rock bottom, a surge in volatility might be imminent. Since May 1st, 2024, Bitcoin’s price has been trending upwards and has recently crossed above the 50-day EMA, showing clear momentum that could push prices to new all-time highs.# The Technical SetupCurrently, Bitcoin's price is within an upward channel, testing its lower bounds. Resistance has been met at $72,000, forming an ascending triangle with the channel's lower bounds. A break above this resistance could drive Bitcoin to unprecedented highs. However, a dip below the channel’s support at around $69,000 might signal a bearish reversal. The Big Picture The potential for Bitcoin to break into new heights is electrifying. The prospect of riding the next big wave is hard to resist, especially given Bitcoin’s history of proven results following periods of consolidation.This is a critical juncture. The current low volatility might seem like a lull, but it’s a crucial indicator to watch. Whether the price surges or plummets, the data-driven nature of the BBWP offers a concrete basis for anticipating Bitcoin’s next big move.Whether you’re driven by the thrill of new opportunities or a keen analytical eye for market patterns, I'd love to hear your thoughts.
Three UK nationals, Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan, have been charged with conspiracy to commit wire fraud and money laundering in connection with the 'Evolved Apes' NFT scam. They allegedly promoted the NFTs with false promises of developing a related video game, collected funds from buyers, then abandoned the project and pocketed the proceeds. The FBI and the U.S. Attorney for the Southern District of New York announced the charges, emphasizing the seriousness of defrauding investors in the digital art space.
#BinanceSquareFamily #CZBİNANCE #StablecoinSafety #Europe $USDC $FDUSD $BTC Binance, the leading cryptocurrency exchange by trading volume, announced it will soon limit the availability of certain stablecoins in the EU. This move is in response to the EU's upcoming Markets in Crypto-Assets Regulation (MiCA), which takes effect at the end of June. Under the new rules, only stablecoins issued by regulated companies will be available, meaning many existing stablecoins may face restrictions. Binance will allow users to convert holdings in these "unregulated" stablecoins to other digital assets or fiat currency. From June 30, purchasing these stablecoins in Europe will no longer be possible. This regulatory shift comes as Binance's new CEO, Richard Teng, aims to improve the company's regulatory compliance following the sentencing of former CEO Changpeng Zhao.
When do you think the market cap of $BTC will exceed the market cap of Gold?
The market cap of BTC was 8.3 Billion 10 years ago, 191 Billion 5 years ago, and 1.34 Trillion today.
The market cap of Gold was 7 Trillion 10 years ago, 8 Trillion 5 years ago, and 15.9 Trillion today.
In the past ten years BTC market cap has gone up by 160x, and in the same time that Gold has only doubled (2.27x). Obviously there is no guarantee that BTC will continue to rise like this and also no guarantee that Gold will continue to be a mediocre asset.
When do you think that all the digital gold in the world will be worth more than all the physical gold, or do you think that isn't going to happen. If you share your reasoning I'd be interested to see it.
The Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector.
“As interest in blockchain and digital assets continues to surge in Latin America and around the world, it is essential to keep delivering trusted and verifiable interactions across public blockchain networks,” Walter Pimenta, executive vice president of product and engineering for Latin America and the Caribbean at Mastercard, said in a statement.
Users of the P2P network will also be able to use Mastercard Crypto Credential aliases for their transactions. The aliases, which are short-hand labels for crypto wallets, are vanity addresses much like those offered by the Ethereum Name Service ($ENS ) on the Ethereum network.
The wallet labeling feature will facilitate cross-border payments, helping Mastercard capture market share in the fast-growing remittances services sector, which is at the heart of the company's crypto push, according to Mastercard. According to data cited by the United Nations International Organization for Migrations, migrants sent an estimated $831 billion in remittances worldwide in 2022, up roughly 16% from the $717 billion sent in 2020. Source : thebloc . co
They say, "As goes Bitcoin$BTC , so goes the market."
The fourth Bitcoin Halving took place on April 20, 2024. Historically, these events have sparked major rallies in the crypto market. However, these rallies don't start immediately. To predict where the market may go next, let's take a closer look at the third Bitcoin Halving, which took place on May 11, 2020.
As you read the following analysis, find the relevant dates and prices on the graph. To write this analysis and create this graph, I used price data from Binance accessed via TradingView. All prices are closing prices.
As of November 11, 2019, the third Bitcoin Halving was six months away. The price of BTC was 8,733.27 USD.
On May 11, 2020, the third Bitcoin Halving took place. The price of BTC was 8,561.52 USD. This price was 1.97 percent lower than the price six months earlier.
As of November 11, 2020, the third Bitcoin Halving had taken place six months earlier. The price of BTC was 15,684.24 USD. This price was 83.19 percent higher than the price on the date of the Halving.
As of November 8, 2021, the third Bitcoin Halving had taken place almost eighteen months earlier. The closing price of BTC was 67,525.83 USD. This price was 688.71 percent higher than the price on the date of the Halving. (Note: This date does not appear on the chart.)
As you can see, the third Bitcoin Halving was a catalyst with a delayed reaction. Following the Halving, the price of BTC increased 83.19 percent in six months, but it increased another 605.52 percent in the next twelve months or so.
If history is any guide, then we may not see much price movement for another four or five months. Will the multiple Spot Bitcoin ETFs accelerate this timeframe? I have no idea. However, I do firmly believe that the biggest gains are still ahead of us.
Now it’s your turn!
What do you think of the historical price of BTC, and do you think that this price history can help us predict where the market goes from here? 🤔
First $BTC BTC EFTs became available. Soon, ETH ETFs as well - as soon as the S1s are filed and approved.
Given that an increasing number of cryptoassets will (likely) become available as ETFS in the coming years, do you think it's more or less important that folks continue to secure assets onchain with self-custodial wallets?
Ultimately it begs the question: **Why** **are you in crypto?** Merely for the (expected) price appreciation? To stay in control of your assets? For DeFi, decentralized finance, identity, social networks, etc?
I've started my corporate career and a lot of guys start showing up who have left/had their jobs disappear at mortgage companies. Things feel great. Deals are easily done (I don't work in mortgages btw) and everything seems good. 16 months later financial hell on earth. Things I saw then and along the way (including last year):
A 31 year old guy who loses everything including 12 houses (including his primary).
A mortgage guy who had a bugatti and did a 600k house remodel for a backyard end up with $10k. After making $800k in 2007. That's like 2 mill today. In a year. Ends up with zero assets. No retirement.
A guy recently lose a company that could be sold easily for $3 mill become worthless because of excessive risk taking
I hope this can help you make it to the finish line:
1. Pay your future self first. I don't care if that means owning a small home outright, putting some $BTC /$ETH /$SOL in a long term wallet you don't touch for 10 years. Pay your future self first. Get in the habit. Even if it's $50. Get in the habit.
2. If people know you are in crypto and ask you how much you have, tell them 10%. If you have $250k, that means you have $25k.
3. Lifestyle inflation will destroy most people. I know people that HAD to have the big house. It wasn't enough to have a BIG House. They needed the huge one. It destroyed their crypto position.
4. Your goals are not the same as others, but I think for the majority freedom at a younger age is more valuable than really rich at an older age.
6. Push yourself harder to get more assets when you are younger. Not leveraged assets. Assets you own. I've never met someone who said "I really regret owning several houses outright".
7. Even if you hate your day job, if it pays well, keep it. you can have great investment ideas but they are meaningless without capital.
9. I think the easiest hack is take whatever lifestyle you want and minus one rung AND live a lower lifestyle. This will speed things up tremendously."
#scammer #cryptoking #scam #scamriskwarning $BTC $SOL $PEPE A Toronto investor, Akil Heywood, has been arrested for allegedly kidnapping and assaulting Aiden Pleterski, known as Ontario's "Crypto King," who reportedly lost over $40 million of investor funds. Heywood, who had invested $740,000 with Pleterski and served as an inspector in the bankruptcy proceedings, is accused of trying to extort $2 million in cryptocurrency from Pleterski and the bankruptcy trustee, Grant Thornton. Pleterski was allegedly beaten and held for ransom in December 2022.
Pleterski claims he was forced by his kidnappers to make certain statements in a video apologizing to investors and explaining his losses. Toronto police have apprehended four men in connection with the kidnapping, while one remains at large. The bankruptcy report indicates that Pleterski spent much of the investors' money on personal luxuries, with only a small fraction actually invested in cryptocurrency.
So, right now Bitcoin has a market cap of 1.35T, and all crypto a market cap of around 2.7T.
Market cap of all stocks in USA is around 50T, and for the whole world over 100T.
Difficult to find the actual amount of cash that exists in the world, the amount printed out is a small percentage compared to everyone's net worth combined but I wasn't able to find that, maybe someone has a number to throw into the mix.
Based on these numbers (and any other relevant numbers you can bring to my attention) how much potential do you think Bitcoin $BTC , and crypto in general has for the next year or so, and why?
#decisions #bitcoin First off, I THOUGHT I was a deg. Type of person who sells their house for crypto. Crazy stuff. A few things:
1. I believe we are in the 2-3 major cycle before 2030 and nearly all bets are off by then.
2. Things I've learned: keep your day job, max your income. Your best investment ideas mean zero if you don't have income. I knew a guy who could have put $5k a month for 2 years into crypto but his pride of not working for unwise people got to him. Don't be right. Be rich.
3. Lifestyle inflation will kill you. Fancy apartment, luxury sports car = game over for most people.
4. Do not tell anyone you have crypto-or take your amount and multiply by it 10% max. You have 3 btc-great you have .3 $BTC . You had to sell it at a loss...remember?
5.Small house + electric car + solar all paid off = free. Yes I get debasement. I don't care. you are free and with income can invest in bear markets.
"I fell victim to a girl posing as someone named Magi that I matched with on Hinge. She eventually convinced me to download the NDAX app and also needed me to sign up for steemgovdotcom. We were trading at first and she first got me about 70USD back the first time and she showed me how to withdraw it back into my bank account. We did video chats and she called me twice, while I was still super hesitant, she still convinced me to put in another $2950CAD overall. The steemgovdotcom website is fraud and doesn’t let you withdraw it back to NDAX now. It says I need to play a certain amount of yards to be able to withdraw. I have accepted my defeat, and I’ve just wanted to warn others.
BE very careful guys, lots of scammer out there.
On a positive note, $BTC and other alt coins are on the rise again today.
Chinese 'Bitcoin queen' is locked up: Takeaway worker behind £3billion fraud who ripped off 128,000 investors as she splashed cash in Harrods and tried to buy a £23m Hampstead mansion is jailed for six years
>The Chinese 'queen' behind a £3 billion fraud wich ripped off 128,000 investors as she splashed cash in Harrods and tried to buy a £23 million mansion has been jailed for six years.
>Jian Wen, 42, acted as a front of a Bitcoin scheme and alarm bells rang when she tried to buy some of [London]'s most expensive properties.
>Police raided Wens home and seized a safety deposit box containing digital wallets holding more than £1.4 billion worth of Bitcoin at the time, but its value has now risen to around £3 billion.
>Wen, originally from [China] denied but was convicted of one charge of entering or becoming concerned in a money laundering arrangement at Southwark Crown Court between October 2017 and January 2022.
>The charge related to the laundering of 150 Bitcoin worth around £7.5m.
>Wen had insisted she had no idea the Bitcoin came from the proceeds of fraud and claimed she had been duped by one of the fraudsters, but today she was jailed for six years.
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