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Standard Chartered Bank predicts: Bitcoin will soar to $100,000 by the end of 2024! Experts are bullish and shock the market!
On November 28, Standard Chartered Bank stated that Bitcoin (BTC) has experienced more than doubling this year, and they predict that it will more than double again by the end of next year, reaching $100,000. Bitcoin has already enjoyed a stunning rise in 2023, rising by 130%, and a positive outlook for the price means additional gains could exceed 160%.
According to Standard Chartered Bank’s head of foreign exchange research, Bitcoin’s share of the digital asset’s market capitalization has risen to about 50% from 45% in April, and its price has increased by more than $10,000. The rally has drawn broader attention to the cryptocurrency space earlier than expected. Going forward, growth in the overall market capitalization of digital assets is expected to be a greater driver of Bitcoin’s price growth, rather than continued growth in Bitcoin’s dominance in the space.
At the same time, Bitcoin mining sales have dropped to about 80% in the fourth quarter. This is because as the price rises, miners are more inclined to hold more coins, that is, miners are increasing their reserves of coins. The head of Standard Chartered Bank said that next April’s Bitcoin halving will reduce the new supply, which is a regularly occurring event that reduces the number of tokens rewarded for mining. Typically, prices peak 12 to 18 months after the halving event.
The executive went on to say that there is also a positive surprise on the demand side due to the rising likelihood of a Bitcoin spot ETF gaining access to the U.S. market. Current predictions are that the price will experience a larger increase in the lead-up to Bitcoin’s halving, especially with the earlier-than-expected launch of a US spot ETF. This suggests that the price of Bitcoin could reach $100,000 before the end of 2024. Although the SEC has tried to block a Bitcoin spot ETF, it has failed multiple times in court. The launch of ETFs will bring new capital to Bitcoin as they allow traditional brokerage accounts to access the cryptocurrency. Additionally, as cryptocurrencies are generally viewed as a long-term investment, falling Treasury yields could further boost Bitcoin (the 30-year Treasury yield has fallen from last month’s high of 5.17% dropped to 4.60%).
Additionally, it is worth noting that Bernstein analysts have recently expressed a bullish view on Bitcoin, predicting that the price of Bitcoin could reach $150,000 by mid-2025, given similar supply reasons.
From a market perspective, the 4-hour chart shows that market fluctuations have gradually slowed down and returned to above the moving average. The MACD indicator showed a golden cross and moved upward during the day, while the four-hour moving average formed short-term support. If the market can fall back steadily but does not fall below 37520, it is recommended to consider long operations at the low point and set the target between 38400-38499. If the market rebounds to a high level, it is recommended to gradually reduce positions and set a stop loss below the moving average. With a very small probability, if the market breaks the support, you can consider a short position. It should be noted that only when the market successfully breaks through the current range, a new market will usher in.
On the 30-minute chart, the ultra-short-term market shows an upward trend along the moving average. For aggressive operators, you can consider long operations near 37980, with the target set near the small previous high of 38300-38400. If the market can break through this range, it is recommended to leave the market; however, for a more stable strategy, it is recommended to wait for confirmation and wait and see the further trend of the market.
On November 28, Standard Chartered Bank stated that Bitcoin (BTC) has experienced more than doubling this year, and they predict that it will more than double again by the end of next year, reaching $100,000. Bitcoin has already enjoyed a stunning rise in 2023, rising by 130%, and a positive outlook for the price means additional gains could exceed 160%.
According to Standard Chartered Bank’s head of foreign exchange research, Bitcoin’s share of the digital asset’s market capitalization has risen to about 50% from 45% in April, and its price has increased by more than $10,000. The rally has drawn broader attention to the cryptocurrency space earlier than expected. Going forward, growth in the overall market capitalization of digital assets is expected to be a greater driver of Bitcoin’s price growth, rather than continued growth in Bitcoin’s dominance in the space.
At the same time, Bitcoin mining sales have dropped to about 80% in the fourth quarter. This is because as the price rises, miners are more inclined to hold more coins, that is, miners are increasing their reserves of coins. The head of Standard Chartered Bank said that next April’s Bitcoin halving will reduce the new supply, which is a regularly occurring event that reduces the number of tokens rewarded for mining. Typically, prices peak 12 to 18 months after the halving event.
The executive went on to say that there is also a positive surprise on the demand side due to the rising likelihood of a Bitcoin spot ETF gaining access to the U.S. market. Current predictions are that the price will experience a larger increase in the lead-up to Bitcoin’s halving, especially with the earlier-than-expected launch of a US spot ETF. This suggests that the price of Bitcoin could reach $100,000 before the end of 2024. Although the SEC has tried to block a Bitcoin spot ETF, it has failed multiple times in court. The launch of ETFs will bring new capital to Bitcoin as they allow traditional brokerage accounts to access the cryptocurrency. Additionally, as cryptocurrencies are generally viewed as a long-term investment, falling Treasury yields could further boost Bitcoin (the 30-year Treasury yield has fallen from last month’s high of 5.17% dropped to 4.60%).
Additionally, it is worth noting that Bernstein analysts have recently expressed a bullish view on Bitcoin, predicting that the price of Bitcoin could reach $150,000 by mid-2025, given similar supply reasons.
From a market perspective, the 4-hour chart shows that market fluctuations have gradually slowed down and returned to above the moving average. The MACD indicator showed a golden cross and moved upward during the day, while the four-hour moving average formed short-term support. If the market can fall back steadily but does not fall below 37520, it is recommended to consider long operations at the low point and set the target between 38400-38499. If the market rebounds to a high level, it is recommended to gradually reduce positions and set a stop loss below the moving average. With a very small probability, if the market breaks the support, you can consider a short position. It should be noted that only when the market successfully breaks through the current range, a new market will usher in.
On the 30-minute chart, the ultra-short-term market shows an upward trend along the moving average. For aggressive operators, you can consider long operations near 37980, with the target set near the small previous high of 38300-38400. If the market can break through this range, it is recommended to leave the market; however, for a more stable strategy, it is recommended to wait for confirmation and wait and see the further trend of the market.
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Binance founder CZ Changpeng Zhao may face 10 years in prison?
The legal woes involving Binance founder Changpeng Zhao, also known as “CZ” Zhao, have taken a new turn in recent days, as the U.S. Department of Justice (DOJ) has pushed for travel restrictions to be imposed on him ahead of sentencing and has indicated that he could be sentenced to 10 years in prison. Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark explains recent legal developments and discusses the impact this may have on the crypto industry.
U.S. Department of Justice proposes travel restrictions
In court documents filed late Saturday night, U.S. Justice Department lawyers reiterated their position, arguing that Changpeng Zhao (CZ) should be restricted from stateside activities and banned from traveling to the United Arab Emirates (UAE) pending his sentencing. residence. This was in response to Magistrate Brian Tsuchida's decision to allow CZ to travel to the UAE and reside in the country for two weeks before sentencing.
The U.S. Department of Justice expressed surprise at Judge Tsuchida's decision, stressing that in most cases, defendants of CZ's level would normally be detained, or at least restricted from leaving the United States, if they plead guilty and face possible jail time. Given CZ’s close ties to Binance, he faced felony charges for violating the Bank Secrecy Act, resulting in the exchange paying a $4.3 billion settlement, the largest fine in the history of the U.S. Treasury Department and FinCEN.
In addition, the U.S. Department of Justice believes that Zhao Changpeng’s lack of ties to the United States, his family, and properties in the United Arab Emirates pose a potential legal escape risk. The government argued that Zhao's special status as a UAE citizen could prevent him from being extradited to the United States.
The latest court filings show that while CZ is expected to be sentenced to 12 to 18 months in prison, the government may argue for the statutory maximum term of up to 10 years in CZ's sentencing.
Binance founder’s path forward
Looking ahead, the Binance founder’s sentencing hearing is scheduled for February 23, 2024, although that date is subject to change. The court is expected to make a decision soon on whether CZ can travel to the UAE ahead of sentencing.
As the legal drama unfolds, Binance’s ultimate fate remains uncertain. It remains to be seen whether the U.S. Department of Justice will adopt other strategies and whether their efforts to regulate Binance will reveal more criminal conduct that could be charged.
Now, Richard Teng, a seasoned veteran of the financial ecosystem, has been named as the successor to Binance’s founder, signaling a new era for the exchange.
The legal woes involving Binance founder Changpeng Zhao, also known as “CZ” Zhao, have taken a new turn in recent days, as the U.S. Department of Justice (DOJ) has pushed for travel restrictions to be imposed on him ahead of sentencing and has indicated that he could be sentenced to 10 years in prison. Former U.S. Securities and Exchange Commission (SEC) official John Reed Stark explains recent legal developments and discusses the impact this may have on the crypto industry.
U.S. Department of Justice proposes travel restrictions
In court documents filed late Saturday night, U.S. Justice Department lawyers reiterated their position, arguing that Changpeng Zhao (CZ) should be restricted from stateside activities and banned from traveling to the United Arab Emirates (UAE) pending his sentencing. residence. This was in response to Magistrate Brian Tsuchida's decision to allow CZ to travel to the UAE and reside in the country for two weeks before sentencing.
The U.S. Department of Justice expressed surprise at Judge Tsuchida's decision, stressing that in most cases, defendants of CZ's level would normally be detained, or at least restricted from leaving the United States, if they plead guilty and face possible jail time. Given CZ’s close ties to Binance, he faced felony charges for violating the Bank Secrecy Act, resulting in the exchange paying a $4.3 billion settlement, the largest fine in the history of the U.S. Treasury Department and FinCEN.
In addition, the U.S. Department of Justice believes that Zhao Changpeng’s lack of ties to the United States, his family, and properties in the United Arab Emirates pose a potential legal escape risk. The government argued that Zhao's special status as a UAE citizen could prevent him from being extradited to the United States.
The latest court filings show that while CZ is expected to be sentenced to 12 to 18 months in prison, the government may argue for the statutory maximum term of up to 10 years in CZ's sentencing.
Binance founder’s path forward
Looking ahead, the Binance founder’s sentencing hearing is scheduled for February 23, 2024, although that date is subject to change. The court is expected to make a decision soon on whether CZ can travel to the UAE ahead of sentencing.
As the legal drama unfolds, Binance’s ultimate fate remains uncertain. It remains to be seen whether the U.S. Department of Justice will adopt other strategies and whether their efforts to regulate Binance will reveal more criminal conduct that could be charged.
Now, Richard Teng, a seasoned veteran of the financial ecosystem, has been named as the successor to Binance’s founder, signaling a new era for the exchange.
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The pinnacle of Bitcoin history! A shocking moment 11 years ago, the first halving debuted
On November 28, 2012, Bitcoin experienced its first halving event, 3 years and 10 months after the mining of the first Bitcoin block. At the time, Bitcoin was trading at around $12, 308,200% below the current Bitcoin price.
Before the first halving event, Bitcoin mining rewards were 50 Bitcoins per block.
After the first halving in 2012, the mining reward dropped to 25 Bitcoins. This was followed by a second halving in 2016, which reduced the mining reward to 12.5 Bitcoin.
Bitcoin’s last halving occurred in 2020, with the mining reward reduced from 12.5 Bitcoin to 6.25 Bitcoin.
Bitcoin’s fourth halving is expected to occur on April 17, 2024.
On November 28, 2012, Bitcoin experienced its first halving event, 3 years and 10 months after the mining of the first Bitcoin block. At the time, Bitcoin was trading at around $12, 308,200% below the current Bitcoin price.
Before the first halving event, Bitcoin mining rewards were 50 Bitcoins per block.
After the first halving in 2012, the mining reward dropped to 25 Bitcoins. This was followed by a second halving in 2016, which reduced the mining reward to 12.5 Bitcoin.
Bitcoin’s last halving occurred in 2020, with the mining reward reduced from 12.5 Bitcoin to 6.25 Bitcoin.
Bitcoin’s fourth halving is expected to occur on April 17, 2024.
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Shiba Inu continues to grow, and $100 per week may create $1.3 billion in revenue!
The Shiba Inu (SHIB) has made many early investors multi-millionaires. However, in some cases, investors have realized returns in excess of $1 billion. From its launch in August 2020 to its all-time high in October 2021, the price of SHIB soared by millions of percentage points. Those investors who held on reaped huge benefits from their patience. Many people who sell during this process later regret their decision.
Assume that an investor invested $100 per week into SHIB since early August 2020 and maintained such an investment strategy until the token hit an all-time high on October 21, 2021. So, they invested a total of $6,400. However, if sold on October 21, 2021, this portfolio would be worth $1.38 billion. This represents a value increase of 21.5 million percentage points.
Although the Shiba Inu (SHIB) has made many investors millionaires and billionaires, many still worry that they may have missed out on the SHIB investment opportunity. However, SHIB still has the potential to rise thousands of percentage points in the future.
During the last Shiba Inu (SHIB) bull run, Ethereum (ETH) co-founder Vitalik Buterin chose to burn half of SHIB’s supply. The developer sent Buterin half of the SHIB supply upon launch. Buterin decided to destroy 90% of what he received and donate the remainder to charity. This massive burn played a key role in SHIB’s rebound in 2021.
For Shiba Inu (SHIB) to rebound again like it did in 2021, a much larger burn will be needed. Currently, the project still has 589 trillion tokens in circulation. Therefore, achieving higher prices becomes difficult as the market capitalization will become unrealistic. However, the developers said they are working on a new burning mechanism that will reportedly destroy trillions of tokens every year.
The Shiba Inu (SHIB) has made many early investors multi-millionaires. However, in some cases, investors have realized returns in excess of $1 billion. From its launch in August 2020 to its all-time high in October 2021, the price of SHIB soared by millions of percentage points. Those investors who held on reaped huge benefits from their patience. Many people who sell during this process later regret their decision.
Assume that an investor invested $100 per week into SHIB since early August 2020 and maintained such an investment strategy until the token hit an all-time high on October 21, 2021. So, they invested a total of $6,400. However, if sold on October 21, 2021, this portfolio would be worth $1.38 billion. This represents a value increase of 21.5 million percentage points.
Although the Shiba Inu (SHIB) has made many investors millionaires and billionaires, many still worry that they may have missed out on the SHIB investment opportunity. However, SHIB still has the potential to rise thousands of percentage points in the future.
During the last Shiba Inu (SHIB) bull run, Ethereum (ETH) co-founder Vitalik Buterin chose to burn half of SHIB’s supply. The developer sent Buterin half of the SHIB supply upon launch. Buterin decided to destroy 90% of what he received and donate the remainder to charity. This massive burn played a key role in SHIB’s rebound in 2021.
For Shiba Inu (SHIB) to rebound again like it did in 2021, a much larger burn will be needed. Currently, the project still has 589 trillion tokens in circulation. Therefore, achieving higher prices becomes difficult as the market capitalization will become unrealistic. However, the developers said they are working on a new burning mechanism that will reportedly destroy trillions of tokens every year.
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Today's cryptocurrency prices: BTC and IOTA lead the gains, while Pepecoin is in decline, and the market is volatile
The cryptocurrency market today experiences mixed moves, with some coins rising in value while others falling. However, the overall market remains in positive territory, helped by rising prices in some major cryptocurrencies.
Recent market dynamics suggest investors remain cautious amid ongoing regulatory hurdles and other concerns in the digital asset space. Meanwhile, the market has also seen significant gains over the past few weeks on expectations of Bitcoin spot ETF approval and other positive catalysts in the market.
Recent market dynamics suggest investors remain cautious amid ongoing regulatory hurdles and other concerns in the digital asset space. Meanwhile, the market has also seen significant gains over the past few weeks on expectations of Bitcoin spot ETF approval and other positive catalysts in the market.
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Cardano (ADA) Price Sets Sail: Huge Waves Coming, Surge Potential!
Cardano faces some challenges but remains solid.
A breakout of key resistance could trigger an uptrend.
The positive outlook strengthens investor confidence.
Despite experiencing significant gains in 2021, the past two years have been challenging for the high-profile cryptocurrency. Although Cardano failed to attract the expected attention after acquiring the smart contract function, it was mainly affected by negative factors such as the complexity of the Haskell language. Additionally, this period also witnessed the influx of a large number of competitors. However, the reality may not be as bad as it appears.
A breakout of key resistance could trigger an uptrend.
The positive outlook strengthens investor confidence.
Despite experiencing significant gains in 2021, the past two years have been challenging for the high-profile cryptocurrency. Although Cardano failed to attract the expected attention after acquiring the smart contract function, it was mainly affected by negative factors such as the complexity of the Haskell language. Additionally, this period also witnessed the influx of a large number of competitors. However, the reality may not be as bad as it appears.
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Theta Fuel (TFUEL): A giant in the digital revolution, leading in security innovation!
What is Theta Fuel (TFUEL)?
Theta Fuel (TFUEL) is one of two native tokens on the Theta blockchain. Unlike Theta Token (THETA), TFUEL acts as a utility token in decentralized video and data transmission and also assumes the role of a gas token. The Theta blockchain’s governance token is THETA, backed by community-run Guardian nodes and enterprise validators including Google, Binance, Blockchain Enterprise, Gumi, and Samsung.
TFUEL has multiple uses on the Theta blockchain and is used to support a variety of operations such as paying relayers for sharing video streams, fees for deploying and interacting with smart contracts, and as an implementation related to NFT and DeFi applications Cost of operation. In addition, TFUEL is used as an incentive for users in the ecosystem, encouraging them to share redundant computing power as edge computing nodes and provide bandwidth resources as edge caching nodes for video streams and other data.
Theta Fuel (TFUEL) is one of two native tokens on the Theta blockchain. Unlike Theta Token (THETA), TFUEL acts as a utility token in decentralized video and data transmission and also assumes the role of a gas token. The Theta blockchain’s governance token is THETA, backed by community-run Guardian nodes and enterprise validators including Google, Binance, Blockchain Enterprise, Gumi, and Samsung.
TFUEL has multiple uses on the Theta blockchain and is used to support a variety of operations such as paying relayers for sharing video streams, fees for deploying and interacting with smart contracts, and as an implementation related to NFT and DeFi applications Cost of operation. In addition, TFUEL is used as an incentive for users in the ecosystem, encouraging them to share redundant computing power as edge computing nodes and provide bandwidth resources as edge caching nodes for video streams and other data.
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USTC surges by more than 30%! Uncover the amazing catalytic power behind USTC!
Binance has announced the launch of new trading pairs including TerraClassicUSD (USTC) and BLUR to meet growing market demand.
TerraClassicUSD (USTC) has seen a significant surge in value following the introduction of a new perpetual contract on Binance Futures, highlighting the dynamic nature of the cryptocurrency market.
Binance, the world’s largest cryptocurrency exchange, has announced the launch of new trading pairs, a major move aimed at enhancing users’ trading experience.
The expansion includes TerraClassicUSD (USTC), Blur, dYdX, and SuperVerse pairings to meet the growing demand for these cryptocurrencies. The development comes amid considerable volatility in the cryptocurrency market and interest in various digital assets.
TerraClassicUSD (USTC) has seen a significant surge in value following the introduction of a new perpetual contract on Binance Futures, highlighting the dynamic nature of the cryptocurrency market.
Binance, the world’s largest cryptocurrency exchange, has announced the launch of new trading pairs, a major move aimed at enhancing users’ trading experience.
The expansion includes TerraClassicUSD (USTC), Blur, dYdX, and SuperVerse pairings to meet the growing demand for these cryptocurrencies. The development comes amid considerable volatility in the cryptocurrency market and interest in various digital assets.
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Abu Dhabi expansion boosts IOTA price by more than 40%!
IOTA recently announced the establishment of the IOTA Ecosystem DLT Foundation in Abu Dhabi. The move, backed by a significant investment of $100 million in IOTA tokens, marks an important milestone in the company’s expansion into the Middle East. The foundation’s main goal is to promote the development of IOTA distributed ledger technology (DLT) in the region, with a special focus on digitizing real-world assets.
IOTA News: Regulatory Milestones Have Big Impact on Markets
This development is of great concern as the IOTA Ecosystem DLT Foundation is the first blockchain entity to receive approval under the Abu Dhabi Global Market (ADGM) DLT Foundation Regulations. This regulatory milestone was achieved shortly after the Abu Dhabi International Financial Center finalized its blockchain rules, positioning Abu Dhabi as a leading jurisdiction for blockchain technology.
IOTA News: Regulatory Milestones Have Big Impact on Markets
This development is of great concern as the IOTA Ecosystem DLT Foundation is the first blockchain entity to receive approval under the Abu Dhabi Global Market (ADGM) DLT Foundation Regulations. This regulatory milestone was achieved shortly after the Abu Dhabi International Financial Center finalized its blockchain rules, positioning Abu Dhabi as a leading jurisdiction for blockchain technology.
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UST Binance’s holdings reached 33.4694 million US dollars, and the funding rate was -0.4054%
According to data, USTC’s current position in Xian is US$33.4694 million, its position in OKX is US$22.2239 million, and its position in BingX is US$19.75 million.
In addition, USTC’s perpetual contract funding rates on various platforms are as follows: Binance is -0.4054%, OKX is -0.0274%, and BingX is -0.7518%.
According to data, USTC’s current position in Xian is US$33.4694 million, its position in OKX is US$22.2239 million, and its position in BingX is US$19.75 million.
In addition, USTC’s perpetual contract funding rates on various platforms are as follows: Binance is -0.4054%, OKX is -0.0274%, and BingX is -0.7518%.
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Market data shows that IOTA has experienced a 42.86% increase in the past 24 hours, with the highest price reaching 0.2769 USDT, and the current quotation is 0.247 USDT.
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IOTA sets up a fund in Abu Dhabi and invests more than US$100 million to promote network development!
According to news: IOTA announced the establishment of the IOTA Ecosystem DLT Foundation in Abu Dhabi and has completed registration in accordance with the DLT Foundation regulations of the Abu Dhabi Global Market (ADGM). The foundation plans to inject more than $100 million in IOTA tokens, which will be gradually released over the next four years. These funds will be used to promote the development of the IOTA ecosystem and accelerate the evolution of the protocol. Additionally, IOTA plans to work with institutional investors, governments, and academic institutions to tokenize real-world assets and bring them to the blockchain.
According to news: IOTA announced the establishment of the IOTA Ecosystem DLT Foundation in Abu Dhabi and has completed registration in accordance with the DLT Foundation regulations of the Abu Dhabi Global Market (ADGM). The foundation plans to inject more than $100 million in IOTA tokens, which will be gradually released over the next four years. These funds will be used to promote the development of the IOTA ecosystem and accelerate the evolution of the protocol. Additionally, IOTA plans to work with institutional investors, governments, and academic institutions to tokenize real-world assets and bring them to the blockchain.
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To make long-term value investment, there are several important points in practice:
1. Investment target
When choosing digital asset investments, long-term holding is a wise choice, especially for Bitcoin (BTC) and Ethereum (ETH), which are undoubtedly the top choices. These two digital assets can be held for a long time, even for more than 10 years, and are safe choices.
In addition to BTC and ETH, if you consider allocating other digital assets, you should choose blue-chip coins, which are project tokens that occupy a leading position in the segment, have an established ecosystem and are constantly developing. The potential rise of these blue-chip coins in the next bull market may exceed that of BTC and ETH. At the same time, they are relatively stable and safe and will not face the risk of returning to zero.
Personally, I am more optimistic about two infrastructure tracks: Layer 2 and storage. I think the next bull market will usher in an explosion of the application layer, and a large number of applications will rely on the two infrastructures of Layer 2 and storage. Among these two tracks, Arbitrum and Optimism represent Layer 2, while Filecoin and Arweave have attracted much attention.
However, when choosing multiple investment targets, it is important to carry out good asset allocation and allocate the main funds in BTC and ETH instead of overly relying on other currencies. Additionally, it is important to diversify your investments to protect against potential risks. Some projects that were once considered blue-chip coins, such as LUNA and FTX, have also crashed in the past, so be sure to avoid heavy positions when allocating to protect investors from huge losses.
2. Entry time
Timing your entry into the market is critical for investors as it directly affects the cost of holding the asset. The ideal situation is to buy at the bottom of every bear market, but in fact, most people are not so lucky, and are more likely to buy halfway up when the market rises.
Once you have determined the time to enter the market, you need to carefully consider your positioning options. There are many strategies to choose from.
3. Position building plan
There are several simple and effective position building options to choose from, depending on one's investment style and time schedule.
(1) One-time stud plan:
When the ahr999 indicator drops below 0.45, all the funds to be invested will be used to open a position at once, and then the assets will be stored in the wallet.This is a simple and crude operation method suitable for investors who do not want to spend too much time and energy. The disadvantage is that the price may drop further, missing out on lower buying prices.
(2) Wait for a lower price plan:
The optimization plan is to wait for the ahr999 indicator to fall below 0.40 before opening a position. Historical data shows that every bear market bottom indicator is likely to be below 0.40 or even below 0.30. This requires more patience and frequency of market observation.
(3) Ladder-type warehouse building plan:
Divide the funds for building a position into several tranches, and gradually build a position based on changes in the ahr999 indicator. For example, the first trade is opened when the indicator drops to 0.40, the second trade is opened when the indicator drops to 0.35, and so on. If you cannot wait for a lower opportunity, you can open a position when the indicator returns to the price of the previous level.
(4) Price-based ladder position building plan:
Set the price point for building a ladder position based on the Bitcoin price. For example, when the indicator drops to 0.40 and the Bitcoin price is 25,000, you can open a position for the first time at 25,000, and then place pending orders in steps of 1,000 at 24,000, 23,000, 22,000, 21,000, and 20,000. Place orders separately.
(5) Fixed investment plan:
For working people, if the funds are not a one-time investment, a long-term fixed investment plan can be adopted. When there is an opportunity to buy the bottom line, start a long-term fixed investment plan. Even if the index rises back above the bottom line, as long as it is still below the fixed investment line, you can continue to implement fixed investment. It is recommended to make fixed investments on a daily or hourly basis.
Which option to choose depends on personal risk appetite, market observation ability and time flexibility.
4. Exit time
The most ideal time to exit is when the bull market reaches its peak, but it is more difficult to successfully escape from the top than to buy the bottom in a bear market, and most people find it difficult to do this.
The long-term investment plan is actually to earn profits from the market's large cycles, and it is also the most stable way to make profits. The longer the holding period, the greater the accumulated profits.
1. Investment target
When choosing digital asset investments, long-term holding is a wise choice, especially for Bitcoin (BTC) and Ethereum (ETH), which are undoubtedly the top choices. These two digital assets can be held for a long time, even for more than 10 years, and are safe choices.
In addition to BTC and ETH, if you consider allocating other digital assets, you should choose blue-chip coins, which are project tokens that occupy a leading position in the segment, have an established ecosystem and are constantly developing. The potential rise of these blue-chip coins in the next bull market may exceed that of BTC and ETH. At the same time, they are relatively stable and safe and will not face the risk of returning to zero.
Personally, I am more optimistic about two infrastructure tracks: Layer 2 and storage. I think the next bull market will usher in an explosion of the application layer, and a large number of applications will rely on the two infrastructures of Layer 2 and storage. Among these two tracks, Arbitrum and Optimism represent Layer 2, while Filecoin and Arweave have attracted much attention.
However, when choosing multiple investment targets, it is important to carry out good asset allocation and allocate the main funds in BTC and ETH instead of overly relying on other currencies. Additionally, it is important to diversify your investments to protect against potential risks. Some projects that were once considered blue-chip coins, such as LUNA and FTX, have also crashed in the past, so be sure to avoid heavy positions when allocating to protect investors from huge losses.
2. Entry time
Timing your entry into the market is critical for investors as it directly affects the cost of holding the asset. The ideal situation is to buy at the bottom of every bear market, but in fact, most people are not so lucky, and are more likely to buy halfway up when the market rises.
Once you have determined the time to enter the market, you need to carefully consider your positioning options. There are many strategies to choose from.
3. Position building plan
There are several simple and effective position building options to choose from, depending on one's investment style and time schedule.
(1) One-time stud plan:
When the ahr999 indicator drops below 0.45, all the funds to be invested will be used to open a position at once, and then the assets will be stored in the wallet.This is a simple and crude operation method suitable for investors who do not want to spend too much time and energy. The disadvantage is that the price may drop further, missing out on lower buying prices.
(2) Wait for a lower price plan:
The optimization plan is to wait for the ahr999 indicator to fall below 0.40 before opening a position. Historical data shows that every bear market bottom indicator is likely to be below 0.40 or even below 0.30. This requires more patience and frequency of market observation.
(3) Ladder-type warehouse building plan:
Divide the funds for building a position into several tranches, and gradually build a position based on changes in the ahr999 indicator. For example, the first trade is opened when the indicator drops to 0.40, the second trade is opened when the indicator drops to 0.35, and so on. If you cannot wait for a lower opportunity, you can open a position when the indicator returns to the price of the previous level.
(4) Price-based ladder position building plan:
Set the price point for building a ladder position based on the Bitcoin price. For example, when the indicator drops to 0.40 and the Bitcoin price is 25,000, you can open a position for the first time at 25,000, and then place pending orders in steps of 1,000 at 24,000, 23,000, 22,000, 21,000, and 20,000. Place orders separately.
(5) Fixed investment plan:
For working people, if the funds are not a one-time investment, a long-term fixed investment plan can be adopted. When there is an opportunity to buy the bottom line, start a long-term fixed investment plan. Even if the index rises back above the bottom line, as long as it is still below the fixed investment line, you can continue to implement fixed investment. It is recommended to make fixed investments on a daily or hourly basis.
Which option to choose depends on personal risk appetite, market observation ability and time flexibility.
4. Exit time
The most ideal time to exit is when the bull market reaches its peak, but it is more difficult to successfully escape from the top than to buy the bottom in a bear market, and most people find it difficult to do this.
The long-term investment plan is actually to earn profits from the market's large cycles, and it is also the most stable way to make profits. The longer the holding period, the greater the accumulated profits.
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What? Can 100 Bitcoins buy Hong Kong identity?
Brothers, we all know that settling in Hong Kong is not an easy task, and the procedures are extremely complicated. However, imagine that if you bought about 100 Bitcoins in Hong Kong, you could become a Hong Kong citizen and obtain Hong Kong identity. Would you consider this opportunity? Care to try it?
According to a report by Hong Kong’s Hong Kong Economic Journal, as of November 13, Hong Kong Legislative Council member Qiu Dagen proposed that Bitcoin be included in the scope of financial products and included in the asset class of the “Hong Kong Investment Immigration Program”. The investment plan’s standards require investors to invest no less than HK$30 million, but this does not include real estate investment.
According to relevant news, the investment scope of the Hong Kong Investment Entry Plan mainly includes assets such as stocks, funds, bonds, etc. This restart plan has been launched after 8 years. It is worth noting that it is clearly stated that real estate is not among the accepted investments. Currently, the Hong Kong government is studying the inclusion of licensed crypto-asset trading platforms, including crypto-assets such as Bitcoin, as acceptable investments. Based on the current Hong Kong dollar exchange rate, 30 million Hong Kong dollars is approximately US$3.84 million, which is roughly equivalent to 103.8 Bitcoins. If this proposal is passed, purchasing about 100 Bitcoins will become a way to obtain Hong Kong identity.
The Hong Kong government launched this plan to attract more high-net-worth individuals to choose to settle in Hong Kong. Therefore, once the news came to light, it caused a stir among high-net-worth individuals who paid close attention to Hong Kong’s investment immigration program.
Some people here may be confused about the value of investment immigration and obtaining Hong Kong identity, thinking that the high cost may prevent this option from receiving widespread attention. This view is not surprising, because I had the same doubts at the beginning. However, as an international metropolis, the value brought by Hong Kong's identity is quite significant, especially in terms of education, finance, foreign trade, personal prospects and development ceiling. For mainland parents, educational planning is the primary consideration, while status is a prerequisite for success. For high-net-worth individuals, having an additional identity will help them get twice the result with half the effort in career and family planning.
Therefore, whether it is for children's education, career development, or global travel convenience, additional identities can provide broader possibilities for future planning. Only with more choices can we spread our wings and fly freely on the stage of life. Isn’t it easier to understand this way?
Brothers, we all know that settling in Hong Kong is not an easy task, and the procedures are extremely complicated. However, imagine that if you bought about 100 Bitcoins in Hong Kong, you could become a Hong Kong citizen and obtain Hong Kong identity. Would you consider this opportunity? Care to try it?
According to a report by Hong Kong’s Hong Kong Economic Journal, as of November 13, Hong Kong Legislative Council member Qiu Dagen proposed that Bitcoin be included in the scope of financial products and included in the asset class of the “Hong Kong Investment Immigration Program”. The investment plan’s standards require investors to invest no less than HK$30 million, but this does not include real estate investment.
According to relevant news, the investment scope of the Hong Kong Investment Entry Plan mainly includes assets such as stocks, funds, bonds, etc. This restart plan has been launched after 8 years. It is worth noting that it is clearly stated that real estate is not among the accepted investments. Currently, the Hong Kong government is studying the inclusion of licensed crypto-asset trading platforms, including crypto-assets such as Bitcoin, as acceptable investments. Based on the current Hong Kong dollar exchange rate, 30 million Hong Kong dollars is approximately US$3.84 million, which is roughly equivalent to 103.8 Bitcoins. If this proposal is passed, purchasing about 100 Bitcoins will become a way to obtain Hong Kong identity.
The Hong Kong government launched this plan to attract more high-net-worth individuals to choose to settle in Hong Kong. Therefore, once the news came to light, it caused a stir among high-net-worth individuals who paid close attention to Hong Kong’s investment immigration program.
Some people here may be confused about the value of investment immigration and obtaining Hong Kong identity, thinking that the high cost may prevent this option from receiving widespread attention. This view is not surprising, because I had the same doubts at the beginning. However, as an international metropolis, the value brought by Hong Kong's identity is quite significant, especially in terms of education, finance, foreign trade, personal prospects and development ceiling. For mainland parents, educational planning is the primary consideration, while status is a prerequisite for success. For high-net-worth individuals, having an additional identity will help them get twice the result with half the effort in career and family planning.
Therefore, whether it is for children's education, career development, or global travel convenience, additional identities can provide broader possibilities for future planning. Only with more choices can we spread our wings and fly freely on the stage of life. Isn’t it easier to understand this way?
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Crypto Mining in the Kingdom of Bhutan: The Extraordinary Journey of the Thunder Dragon Kingdom
Bhutan, a small country sandwiched between the Asian countries of China and India, is known as the "Dragon Kingdom" because of its location in the foothills of the Himalayas. The sound of thunder is considered by the Bhutanese to be the call of the dragon, symbolizing infinite power. This cultural feature is reflected in the national flag, with the main pattern being a dragon, and the national anthem was renamed "Thunder Dragon Kingdom".
Although it was once one of the least developed countries in the world, Bhutan has achieved self-sufficiency in electricity through its abundant hydropower resources, and tourism is also one of its main sources of GDP. The Bhutanese government stipulates that the minimum daily consumption of each inbound tourist is US$200-250, which protects part of the national fiscal revenue.
The most eye-catching one is the state-owned business holding company of Bhutan (DHI), which claimed to be unaffected after the thunderstorm of two well-known crypto lending institutions, BlockFi and Celsius. Even more strikingly, DHI allegedly began investing in Bitcoin mining as early as 2019 when Bitcoin was worth $5,000, becoming perhaps the first national-level institution to own a cryptocurrency as a sovereign fund.
Bhutan’s deep connection with cryptocurrencies is largely due to its abundant hydropower resources. Located in the Himalayas, Bhutan has abundant hydropower resources due to heavy rainfall from melting snow and monsoons. This enabled Bhutan to achieve 100% electricity usage coverage in 2016, and hydropower has become a pillar industry of the country, accounting for 15.6% of GDP.
In addition, Bhutan also has cooperation in chip imports. According to trade data, Bhutan imported more than $220 million in chips from China and Hong Kong, which may be related to Chinese miners and the growth of crypto mining in Bhutan in recent years. Bhutan’s hydropower resources and clean energy provide ideal conditions for crypto mining, making this small country a new choice for Chinese miners.
Bit Deer and Bhutan
On April 14, 2023, Bitdeer Technologies, founded by Jihan Wu, completed its merger with Blue Safari Group Acquisition Corp and was listed on NASDAQ in the United States with the stock code "BTDR". After listing, BitDeer announced that it would cooperate with DHI of Bhutan to jointly establish a closed-end fund with an estimated scale of up to US$500 million. The first phase of the fund’s construction project will raise US$80 million, equivalent to 20EH/s of computing power (approximately 5.5% of the world’s total computing power).2%).
As of November 2023, Bitdeer's Q3 report shows that the GeDu data center in Bhutan has provided Bitdeer with 100 megawatts of power generation capacity, supported the operation of 30,000 mining machines, provided Bitdeer with 3.3EH/s computing power, and Still expanding. Due to the seasonal nature of hydropower generation in the Kingdom, even Bhutan itself may need to import energy from neighboring countries during dry winters. Therefore, Bitdeer and DHI of Bhutan have reached an agreement that domestic demand will be prioritized. During the winter, when power generation declines, mining operations may be shut down.
The Kingdom of Bhutan’s exploration of the cryptocurrency market is partly due to the Covid-19 pandemic that dealt a major blow to the country’s tourism industry in the previous two years. In addition, young people and professionals from Bhutan are immigrating to countries such as Australia and Canada at an unprecedented rate. The stagnation of economic growth has forced Bhutan to seek new growth points in the field of digital economy, and Bhutan’s experiment with cryptocurrency seems to have achieved initial success, creating income for the country and providing employment opportunities for local residents.
This situation shows that more and more underdeveloped countries may benefit from decentralized cryptocurrencies, and the development of Bitcoin seems to be moving rapidly towards Satoshi Nakamoto’s vision.
Bhutan, a small country sandwiched between the Asian countries of China and India, is known as the "Dragon Kingdom" because of its location in the foothills of the Himalayas. The sound of thunder is considered by the Bhutanese to be the call of the dragon, symbolizing infinite power. This cultural feature is reflected in the national flag, with the main pattern being a dragon, and the national anthem was renamed "Thunder Dragon Kingdom".
Although it was once one of the least developed countries in the world, Bhutan has achieved self-sufficiency in electricity through its abundant hydropower resources, and tourism is also one of its main sources of GDP. The Bhutanese government stipulates that the minimum daily consumption of each inbound tourist is US$200-250, which protects part of the national fiscal revenue.
The most eye-catching one is the state-owned business holding company of Bhutan (DHI), which claimed to be unaffected after the thunderstorm of two well-known crypto lending institutions, BlockFi and Celsius. Even more strikingly, DHI allegedly began investing in Bitcoin mining as early as 2019 when Bitcoin was worth $5,000, becoming perhaps the first national-level institution to own a cryptocurrency as a sovereign fund.
Bhutan’s deep connection with cryptocurrencies is largely due to its abundant hydropower resources. Located in the Himalayas, Bhutan has abundant hydropower resources due to heavy rainfall from melting snow and monsoons. This enabled Bhutan to achieve 100% electricity usage coverage in 2016, and hydropower has become a pillar industry of the country, accounting for 15.6% of GDP.
In addition, Bhutan also has cooperation in chip imports. According to trade data, Bhutan imported more than $220 million in chips from China and Hong Kong, which may be related to Chinese miners and the growth of crypto mining in Bhutan in recent years. Bhutan’s hydropower resources and clean energy provide ideal conditions for crypto mining, making this small country a new choice for Chinese miners.
Bit Deer and Bhutan
On April 14, 2023, Bitdeer Technologies, founded by Jihan Wu, completed its merger with Blue Safari Group Acquisition Corp and was listed on NASDAQ in the United States with the stock code "BTDR". After listing, BitDeer announced that it would cooperate with DHI of Bhutan to jointly establish a closed-end fund with an estimated scale of up to US$500 million. The first phase of the fund’s construction project will raise US$80 million, equivalent to 20EH/s of computing power (approximately 5.5% of the world’s total computing power).2%).
As of November 2023, Bitdeer's Q3 report shows that the GeDu data center in Bhutan has provided Bitdeer with 100 megawatts of power generation capacity, supported the operation of 30,000 mining machines, provided Bitdeer with 3.3EH/s computing power, and Still expanding. Due to the seasonal nature of hydropower generation in the Kingdom, even Bhutan itself may need to import energy from neighboring countries during dry winters. Therefore, Bitdeer and DHI of Bhutan have reached an agreement that domestic demand will be prioritized. During the winter, when power generation declines, mining operations may be shut down.
The Kingdom of Bhutan’s exploration of the cryptocurrency market is partly due to the Covid-19 pandemic that dealt a major blow to the country’s tourism industry in the previous two years. In addition, young people and professionals from Bhutan are immigrating to countries such as Australia and Canada at an unprecedented rate. The stagnation of economic growth has forced Bhutan to seek new growth points in the field of digital economy, and Bhutan’s experiment with cryptocurrency seems to have achieved initial success, creating income for the country and providing employment opportunities for local residents.
This situation shows that more and more underdeveloped countries may benefit from decentralized cryptocurrencies, and the development of Bitcoin seems to be moving rapidly towards Satoshi Nakamoto’s vision.
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Investment tycoon Charlie Munger dies: A look back at his legendary life, a colorful life as brilliant as the stars
No business partner of this stature plays second fiddle better than Charlie Munger.
Munger, the billionaire vice chairman of Berkshire Hathaway, died peacefully in a California hospital on Tuesday at the age of 99, ending a six-year relationship with Warren Buffett. Ten years of close partnership.
In public, especially in front of the tens of thousands of attendees at Berkshire’s annual meeting, Munger has a habit of handing the microphone and spotlight to Chairman Buffett. "I have nothing to add," Munger often said in a hoarse voice.
Munger, the billionaire vice chairman of Berkshire Hathaway, died peacefully in a California hospital on Tuesday at the age of 99, ending a six-year relationship with Warren Buffett. Ten years of close partnership.
In public, especially in front of the tens of thousands of attendees at Berkshire’s annual meeting, Munger has a habit of handing the microphone and spotlight to Chairman Buffett. "I have nothing to add," Munger often said in a hoarse voice.
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Today’s Cryptocurrency Prices: SEI Tokens Soar! Bitcoin and Pepe Coin Create Greatness Together!
There is a lot of optimism in the broader cryptocurrency market as cryptocurrency prices are showing a bullish trend today. Even as the market faces new challenges from regulatory actions, investors are keeping a close eye on cryptocurrency price movements. Recent sanctions against high-profile cryptocurrency companies have stoked FOMO among some investors, which has impacted potential gains for some major coins.
However, as of November 29, the crypto market as a whole is exhibiting a level of confidence, albeit with some uncertainty.
At the time of writing, the price of Bitcoin (BTC) reached $37,920.38, up 2.47% in the past 24 hours and a whopping 4.16% over the past week. Bitcoin’s 24-hour trading volume reached $23.24 billion, indicating strong market activity. The recent price increase may have benefited from investor expectations of an upcoming spot subsidy for a Bitcoin ETF.
However, as of November 29, the crypto market as a whole is exhibiting a level of confidence, albeit with some uncertainty.
At the time of writing, the price of Bitcoin (BTC) reached $37,920.38, up 2.47% in the past 24 hours and a whopping 4.16% over the past week. Bitcoin’s 24-hour trading volume reached $23.24 billion, indicating strong market activity. The recent price increase may have benefited from investor expectations of an upcoming spot subsidy for a Bitcoin ETF.
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How to play this Web3 task platform Galxe?
In Web 2.0 networks, people can earn rewards or points by completing tasks; while in Web 3.0 networks, completing specific tasks may bring opportunities to obtain NFTs or project airdrops.
Galxe is a Web3 ticket data network and a task platform. Users' behavior and transactions on this network will be recorded, and ticket NFTs will be obtained by completing these transactions.
For example, users can contribute when a certain protocol launches a liquidity pool, or vote on the chain, or follow and like, forward a tweet, etc. These behaviors will be recorded and the user will be given corresponding rewards. certificate.
Galxe is a Web3 ticket data network and a task platform. Users' behavior and transactions on this network will be recorded, and ticket NFTs will be obtained by completing these transactions.
For example, users can contribute when a certain protocol launches a liquidity pool, or vote on the chain, or follow and like, forward a tweet, etc. These behaviors will be recorded and the user will be given corresponding rewards. certificate.