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Ripple to unlock 1 billion XRP tomorrow (November 1); What to expect?
On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system programmed within the XRP Ledger. On November 1 (Wednesday), the token unlock will happen again in three transactions of 100 million, 400 million, and 500 million XRP.
Interestingly, November 2023’s unlock accrues for 1.86% of the current circulating supply of 53.56 billion XRP and part of the remaining 46.43 billion XRP tokens owned by Ripple that are still locked in escrows to be released monthly until April 2027.
Three escrows will reach finality on the last minutes of October 31, held by two known crypto wallet addresses under Ripple’s control:
Address “Ripple (22)” — for an unlock of 100 million XRP, locked on September 03, 2019, with the transaction ID “7EF17…CDA6F”.Address “Ripple (22)” — for an unlock of 400 million XRP, locked on August 01, 2019, with the transaction ID “E0D06…DA8EA”.Address “Ripple (23)” — for an unlock of 500 million XRP, locked on September 03, 2019, with the transaction ID “0ECCB…F84E3”.
These two addresses still hold 4 billion XRP tokens for monthly escrows that will be unlocked within the next four months until March 1, 2024.
This is what Ripple did to the 1 billion XRP released in October
1 billion XRP tokens worth $550 million were unlocked, as expected, on October 1. Ripple immediately relocked 800 million (80%) of the total to escrows set to finalize by March and April 2027.
Notably, despite keeping 200 million XRP, the company spent 205 million tokens ($112.75 million) from its main address, “Ripple 1,” in October. For that, Ripple used 5 million XRP previously available in its balance from past months.
The sell-offs occurred weekly in three transactions, all sent to the same address, “ rJqiM…La8nE”:
On October 9, paying 60 million XRP through the transaction ID “AFAB4…1FF48”On October 16, paying 75 million XRP through the transaction ID “2B333…81843”On October 24, paying 70 million XRP through the transaction ID “BDBE1…97B07”
How does the escrow system work for Ripple unlocks?
Ripple created XRP in 2012, with a capped total supply of 100 billion XRP. The company then distributed 20 billion XRP to the creators and the core team.
Ripple’s treasury controlled the remaining 80 billion XRP and promised to release these coins gradually rather than all at once. In 2017, Ripple implemented a new system to make the release of XRP more predictable and controlled.
This system uses escrows — a smart contract that locks up XRP, making it impossible to use them unless it meets certain conditions. Ripple’s condition was to release one billion XRP on the first day of each month for 55 months, for a total of 55 billion XRP.
However, despite a monthly release of one billion XRP, Ripple only spent or sold some of them. Instead, Ripple is reportedly locking up the remaining tokens each month in new escrows for future releases. The recurrent relocks extended the 55-month deadline for all XRP to start circulating.
#ripple #xrp #Kri $XRP
Interestingly, November 2023’s unlock accrues for 1.86% of the current circulating supply of 53.56 billion XRP and part of the remaining 46.43 billion XRP tokens owned by Ripple that are still locked in escrows to be released monthly until April 2027.
Three escrows will reach finality on the last minutes of October 31, held by two known crypto wallet addresses under Ripple’s control:
Address “Ripple (22)” — for an unlock of 100 million XRP, locked on September 03, 2019, with the transaction ID “7EF17…CDA6F”.Address “Ripple (22)” — for an unlock of 400 million XRP, locked on August 01, 2019, with the transaction ID “E0D06…DA8EA”.Address “Ripple (23)” — for an unlock of 500 million XRP, locked on September 03, 2019, with the transaction ID “0ECCB…F84E3”.
These two addresses still hold 4 billion XRP tokens for monthly escrows that will be unlocked within the next four months until March 1, 2024.
This is what Ripple did to the 1 billion XRP released in October
1 billion XRP tokens worth $550 million were unlocked, as expected, on October 1. Ripple immediately relocked 800 million (80%) of the total to escrows set to finalize by March and April 2027.
Notably, despite keeping 200 million XRP, the company spent 205 million tokens ($112.75 million) from its main address, “Ripple 1,” in October. For that, Ripple used 5 million XRP previously available in its balance from past months.
The sell-offs occurred weekly in three transactions, all sent to the same address, “ rJqiM…La8nE”:
On October 9, paying 60 million XRP through the transaction ID “AFAB4…1FF48”On October 16, paying 75 million XRP through the transaction ID “2B333…81843”On October 24, paying 70 million XRP through the transaction ID “BDBE1…97B07”
How does the escrow system work for Ripple unlocks?
Ripple created XRP in 2012, with a capped total supply of 100 billion XRP. The company then distributed 20 billion XRP to the creators and the core team.
Ripple’s treasury controlled the remaining 80 billion XRP and promised to release these coins gradually rather than all at once. In 2017, Ripple implemented a new system to make the release of XRP more predictable and controlled.
This system uses escrows — a smart contract that locks up XRP, making it impossible to use them unless it meets certain conditions. Ripple’s condition was to release one billion XRP on the first day of each month for 55 months, for a total of 55 billion XRP.
However, despite a monthly release of one billion XRP, Ripple only spent or sold some of them. Instead, Ripple is reportedly locking up the remaining tokens each month in new escrows for future releases. The recurrent relocks extended the 55-month deadline for all XRP to start circulating.
#ripple #xrp #Kri $XRP
Ethereum Fees Fall to 20 Cents
Ethereum fees have fallen to just 7 gwei, worth less than 20 cent, making it one of the lowest level in a year and more similar to 2020 network usage.
An NFT sale on OpenSea is now just 70 cents, while a swap - one of the most resource demanding transaction - is at $1.76 according to Etherscan.
The number of transactions has also fallen to 2020 levels at under one million a day, compared to a peak of 1.9 million in December 2022 following the FTX frenzy.
While Google searches likewise are down to 2020 levels, prior to the last bull run and around the same level as during the last bitcoin halving.
This follows an extended period of very low volatility that has seen almost no price action since March and overall sees the currency traded at around the same level as June last year.
Such period of low volatility is common between the bitcoin halvings, with network activity reducing as there are less opportunities for arbitrage for example.
But at 20 cent per transaction the entire defi space opens up again as taking out collateral in a permissionless manner becomes cheap.
Ferrari to Accept Bitcoin and ETH
Ethereum's Ratio Dives as ETH Turns Inflationary
Unaudited Project Wants to "Vampire Attack" stETH
Ethereum Futures ETFs Debut on Low Volumes
During the peak in May 2021 for example the cost for a defi swap reached as high as $300, making defi unusable. But now at just $2 for a swap, it is practically free.
The rollout of second layers, holding 2.2 million eth according to L2data, has also contributed to the lowering of onchain fees, with network costs on L2s being even lower by as much as 10x.
The almost free blockchain transactions therefore might continue for even longer this time, opening a window of opportunity for new innovative dapps to gain traction.
On the other hand the ethereum total supply is once again slightly inflationary, at 0.4% for the past week compared to bitcoin's circa 2%.
That may have contributed to a fall in ethereum's ratio as the supply was deflationary for a year, but higher capacity may ultimately lead to greater utility, and thus higher demand.
Making this potentially the pre-bull period when the network is usable once again by ordinary ethereans, and one can play once more with defi, NFTs, on L2s, or whatever new comes along.
#ETH #Kri
An NFT sale on OpenSea is now just 70 cents, while a swap - one of the most resource demanding transaction - is at $1.76 according to Etherscan.
The number of transactions has also fallen to 2020 levels at under one million a day, compared to a peak of 1.9 million in December 2022 following the FTX frenzy.
While Google searches likewise are down to 2020 levels, prior to the last bull run and around the same level as during the last bitcoin halving.
This follows an extended period of very low volatility that has seen almost no price action since March and overall sees the currency traded at around the same level as June last year.
Such period of low volatility is common between the bitcoin halvings, with network activity reducing as there are less opportunities for arbitrage for example.
But at 20 cent per transaction the entire defi space opens up again as taking out collateral in a permissionless manner becomes cheap.
Ferrari to Accept Bitcoin and ETH
Ethereum's Ratio Dives as ETH Turns Inflationary
Unaudited Project Wants to "Vampire Attack" stETH
Ethereum Futures ETFs Debut on Low Volumes
During the peak in May 2021 for example the cost for a defi swap reached as high as $300, making defi unusable. But now at just $2 for a swap, it is practically free.
The rollout of second layers, holding 2.2 million eth according to L2data, has also contributed to the lowering of onchain fees, with network costs on L2s being even lower by as much as 10x.
The almost free blockchain transactions therefore might continue for even longer this time, opening a window of opportunity for new innovative dapps to gain traction.
On the other hand the ethereum total supply is once again slightly inflationary, at 0.4% for the past week compared to bitcoin's circa 2%.
That may have contributed to a fall in ethereum's ratio as the supply was deflationary for a year, but higher capacity may ultimately lead to greater utility, and thus higher demand.
Making this potentially the pre-bull period when the network is usable once again by ordinary ethereans, and one can play once more with defi, NFTs, on L2s, or whatever new comes along.
#ETH #Kri
I firmly believe that approving multiple #Bitcoin ETFs in unison has the potential to catalyze a surge in market value that could reach into the trillions of dollars,
and,
It appears that various spot #Bitcoin ETFs are on track for simultaneous rollouts, a move that is sure to induce significant price volatility.
Each of these ETFs will attract investments and will actively market themselves to garner as much interest and capital as possible.
Interestingly,
These institutions will serve as educational hubs for the wider public, likely catalyzed by a substantial uptick in price,
The "god candle" is coming,
This phenomenon will undoubtedly accelerate adoption, inspire additional research, and seize the attention of a diverse audience.
The simultaneous launch of multiple spot Bitcoin ETFs is poised to fundamentally transform and mature the #Bitcoin landscape.
How many inflows do you think will happen in the first year?
2nd year?
5 year?
#BTC #Kri $BTC
and,
It appears that various spot #Bitcoin ETFs are on track for simultaneous rollouts, a move that is sure to induce significant price volatility.
Each of these ETFs will attract investments and will actively market themselves to garner as much interest and capital as possible.
Interestingly,
These institutions will serve as educational hubs for the wider public, likely catalyzed by a substantial uptick in price,
The "god candle" is coming,
This phenomenon will undoubtedly accelerate adoption, inspire additional research, and seize the attention of a diverse audience.
The simultaneous launch of multiple spot Bitcoin ETFs is poised to fundamentally transform and mature the #Bitcoin landscape.
How many inflows do you think will happen in the first year?
2nd year?
5 year?
#BTC #Kri $BTC
A few months ago I quit my job.
I was so over-worked and stressed out.
I had felt this way for a long time.
But I stayed on board for over a year.
I couldn't break out of my 9-5 chains.
It wasn't about money. I felt trapped.
#Bitcoin gave me the motivation.
My guess is a lot of people feel this way.
They keep a mediocre job for years.
One that pays that just good enough.
It's so easy to fall victim to a salary.
One with health-care/benefits/etc.
A job you've gotten very good at.
A 40 year plan etched in stone.
But when you loathe the work week.
Something needs to be done.
When you work you ass off.
And the days get longer and longer.
If you find yourself in a similar place.
It's something that YOU CAN escape.
Make a plan. Revise it. Focus on it.
Life is too precious to hate your job.
I left my job with no regrets.
I've never thought so clearly before.
I have time to THINK deeply.
I have time to NUTURE relationships.
I have time to FOCUS on my future.
I have time to BUILD for myself.
Work exhaustion is a REAL thing.
It's not just a physical deterioration.
It affects your entire mentality.
It affects your entire performance.
Your performance in every way.
This was a MAJOR move for me.
I'm very conservative in nature.
I don't regret taking this leap of faith.
It gave me a completely new outlook.
A new drive and new ambitions.
I credit #Bitcoin for helping me grow.
The rabbit hole is so incredibly deep.
You learn things you never imagined.
You go places you never imagined.
You adopt habits you never imagined.
You meet people you never imagined.
I feel so lucky to have found it.
The MORE you understand money.
The more free you will become.
The more freedom you will have.
The more you will achieve in life.
Not everything is about money.
Money is an incredible tool in life.
But the best lessons are FREE.
You only get ONE life.
Use your time wisely.
Cheers. 🍻
#BTC $BTC #Kri #Bitcoin
I was so over-worked and stressed out.
I had felt this way for a long time.
But I stayed on board for over a year.
I couldn't break out of my 9-5 chains.
It wasn't about money. I felt trapped.
#Bitcoin gave me the motivation.
My guess is a lot of people feel this way.
They keep a mediocre job for years.
One that pays that just good enough.
It's so easy to fall victim to a salary.
One with health-care/benefits/etc.
A job you've gotten very good at.
A 40 year plan etched in stone.
But when you loathe the work week.
Something needs to be done.
When you work you ass off.
And the days get longer and longer.
If you find yourself in a similar place.
It's something that YOU CAN escape.
Make a plan. Revise it. Focus on it.
Life is too precious to hate your job.
I left my job with no regrets.
I've never thought so clearly before.
I have time to THINK deeply.
I have time to NUTURE relationships.
I have time to FOCUS on my future.
I have time to BUILD for myself.
Work exhaustion is a REAL thing.
It's not just a physical deterioration.
It affects your entire mentality.
It affects your entire performance.
Your performance in every way.
This was a MAJOR move for me.
I'm very conservative in nature.
I don't regret taking this leap of faith.
It gave me a completely new outlook.
A new drive and new ambitions.
I credit #Bitcoin for helping me grow.
The rabbit hole is so incredibly deep.
You learn things you never imagined.
You go places you never imagined.
You adopt habits you never imagined.
You meet people you never imagined.
I feel so lucky to have found it.
The MORE you understand money.
The more free you will become.
The more freedom you will have.
The more you will achieve in life.
Not everything is about money.
Money is an incredible tool in life.
But the best lessons are FREE.
You only get ONE life.
Use your time wisely.
Cheers. 🍻
#BTC $BTC #Kri #Bitcoin
Is $135,000 The Next Stop For Bitcoin? Rich Dad Poor Dad Author Thinks So
Bullish Bitcoin investors are cheering the digital asset’s reclamation of a perch above $30,000 in recent days, but the rally back above that threshold only served to buoy bold predictions that the world’s largest and oldest crypto will hit six figures in the near future.
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad”, says BTC is heading to an astonishing $135,000 a coin.
Bitcoin Price To $135,000 Next?
Bitcoin could trade at an eye-watering $135,000 per coin. That’s according to businessman Robert Kiyosaki, who on Friday, shared his latest bullish BTC price prognosis in a tweet. Kiyosaki strongly believes that $135K is Bitcoin’s next stop.
Besides the OG cryptocurrency, the renowned author also proclaimed his bullish position on traditional safe-haven assets like gold and silver. He expects gold to cross $2,100 soon before eventually hitting a whopping $3,700. Similarly, he predicts silver to jump from its current $23 level to $68 per ounce.
Kiyosaki summarized his post by cautioning that those who save “fake dollars” would face financial repercussions and urged investors to be vigilant of their financial decisions.
BTC Flirts With $30,000
Kiyosaki’s Bitcoin prognosis comes after the top crypto broke above the $30,000 per coin barrier after many weeks of inertia as bullish sentiment around a possible spot bitcoin exchange-traded fund (ETF) approval in the U.S. gained momentum.
Multiple ETF issuers revised their applications in recent days alongside pressure on the U.S. Securities and Exchange Commission (SEC) to soften its perspective on greenlighting spot Bitcoin ETFs.
Kiyosaki is a well-known advocate of Bitcoin, frequently advising his followers on the X platform to buy the flagship crypto. In August, he characterized Bitcoin as “people’s money”, while gold and silver are “God’s money”. At the time, he predicted that BTC was going to $100,000 and potentially $1 million if the world economy crashes.
Bitcoin is currently trading for $29,935.76 as of publication time. But, based on Kiyosaki’s contentious track record, his forecasts should be taken with a huge grain of salt.
#bitcoin #BTC #Kri
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad”, says BTC is heading to an astonishing $135,000 a coin.
Bitcoin Price To $135,000 Next?
Bitcoin could trade at an eye-watering $135,000 per coin. That’s according to businessman Robert Kiyosaki, who on Friday, shared his latest bullish BTC price prognosis in a tweet. Kiyosaki strongly believes that $135K is Bitcoin’s next stop.
Besides the OG cryptocurrency, the renowned author also proclaimed his bullish position on traditional safe-haven assets like gold and silver. He expects gold to cross $2,100 soon before eventually hitting a whopping $3,700. Similarly, he predicts silver to jump from its current $23 level to $68 per ounce.
Kiyosaki summarized his post by cautioning that those who save “fake dollars” would face financial repercussions and urged investors to be vigilant of their financial decisions.
BTC Flirts With $30,000
Kiyosaki’s Bitcoin prognosis comes after the top crypto broke above the $30,000 per coin barrier after many weeks of inertia as bullish sentiment around a possible spot bitcoin exchange-traded fund (ETF) approval in the U.S. gained momentum.
Multiple ETF issuers revised their applications in recent days alongside pressure on the U.S. Securities and Exchange Commission (SEC) to soften its perspective on greenlighting spot Bitcoin ETFs.
Kiyosaki is a well-known advocate of Bitcoin, frequently advising his followers on the X platform to buy the flagship crypto. In August, he characterized Bitcoin as “people’s money”, while gold and silver are “God’s money”. At the time, he predicted that BTC was going to $100,000 and potentially $1 million if the world economy crashes.
Bitcoin is currently trading for $29,935.76 as of publication time. But, based on Kiyosaki’s contentious track record, his forecasts should be taken with a huge grain of salt.
#bitcoin #BTC #Kri
#Bitcoin :- As long as $34k holds aiming for $38k-$41k.
Not trying to be smart with BTC.
Accumulating few Alts not with bottom reversals in weekly.
My biggest bet is still on Bitcoin.
I know this might sound a bit different but Alts will have their best time only when Bitcoin is done and I don’t think it’s done yet.
I would appreciate your views on this.
#Crypto #BTC $BTC #Kri
Not trying to be smart with BTC.
Accumulating few Alts not with bottom reversals in weekly.
My biggest bet is still on Bitcoin.
I know this might sound a bit different but Alts will have their best time only when Bitcoin is done and I don’t think it’s done yet.
I would appreciate your views on this.
#Crypto #BTC $BTC #Kri
This is how much Binance customers have in SHIB
Binance, the largest cryptocurrency exchange by volume, updated its monthly Proof of Reserves with the company’s self-reported audit on November 1. Notably, Binance customers have $601.57 million in Shiba Inu (SHIB) under its custody.
The total amount of Shiba Inu held by Binance’s reserves is 77.48 trillion SHIB, of which 75.19 trillion is from the customers’ net balance. Essentially, this means that a 103% ratio covers SHIB’s custody. It is 300 basis points higher than the 1:1 needed ratio.
Moreover, the centralized exchange also registers its proof of reserves by the Bitcoin (BTC) blockchain. With that, it is possible to reach worldwide time precision through the leading cryptocurrency’s timechain. In November, the self-audit took place in the Bitcoin block height 814748.
SHIB price analysis
Meanwhile, SHIB is trading at $0.000008 per token by press time. Shiba Inu is moving in a weekly bullish uptrend with close to 5% accumulated gains in the last seven days.
However, SHIB is now testing price support. A breakout from this zone could lead to increased losses from the 3.48% that was already lost in the last 24 hours.
Binance is the largest SHIB holder
Interestingly, Binance is the largest holding entity for SHIB tokens. The reported reserves accrue for 13.15% of Shiba Inu’s circulating supply, split into different addresses.
Additionally, the exchange is responsible for 23% of SHIB’s daily volume, according to data from CoinMarketCap at the time of publication. In the last 24 hours, Binance alone has exchanged more than $50 million in Shiba Inu trading operations.
In this context, the ability of Binance to honor its customer’s withdrawals is of great importance to the SHIB ecosystem. Shiba Inu can also be held in self-custody on cryptocurrency wallets with support to the Ethereum (ETH) network.
$SHIB #Shib #Kri
The total amount of Shiba Inu held by Binance’s reserves is 77.48 trillion SHIB, of which 75.19 trillion is from the customers’ net balance. Essentially, this means that a 103% ratio covers SHIB’s custody. It is 300 basis points higher than the 1:1 needed ratio.
Moreover, the centralized exchange also registers its proof of reserves by the Bitcoin (BTC) blockchain. With that, it is possible to reach worldwide time precision through the leading cryptocurrency’s timechain. In November, the self-audit took place in the Bitcoin block height 814748.
SHIB price analysis
Meanwhile, SHIB is trading at $0.000008 per token by press time. Shiba Inu is moving in a weekly bullish uptrend with close to 5% accumulated gains in the last seven days.
However, SHIB is now testing price support. A breakout from this zone could lead to increased losses from the 3.48% that was already lost in the last 24 hours.
Binance is the largest SHIB holder
Interestingly, Binance is the largest holding entity for SHIB tokens. The reported reserves accrue for 13.15% of Shiba Inu’s circulating supply, split into different addresses.
Additionally, the exchange is responsible for 23% of SHIB’s daily volume, according to data from CoinMarketCap at the time of publication. In the last 24 hours, Binance alone has exchanged more than $50 million in Shiba Inu trading operations.
In this context, the ability of Binance to honor its customer’s withdrawals is of great importance to the SHIB ecosystem. Shiba Inu can also be held in self-custody on cryptocurrency wallets with support to the Ethereum (ETH) network.
$SHIB #Shib #Kri
Writing here brings me great joy, it's hard to put into words.
#bitcoin reignited the thirst for knowledge that the pressures of the medical realm had once subdued.
At its core,
This platform allows us to sharpen our skills, dive into topics, and truly understand them.
The key is to write in a clear way that anyone can understand.
It also lets us explore what truly interests us.
For me,
This includes learning about the newest trends in AI, understanding software, discussing medical topics, and breaking down complex/simple ideas about #Bitcoin so they're easier to grasp.
I'm also passionate about subjects like nuclear energy, physics, and game theory.
#bitcoin opened up these opportunities for me.
I'm deeply grateful for it.
It pushed me to create this and deepened my love for learning.
I've never been more curious or eager to learn, and living in such exciting times is truly special.
$BTC #Kri #BTC
#bitcoin reignited the thirst for knowledge that the pressures of the medical realm had once subdued.
At its core,
This platform allows us to sharpen our skills, dive into topics, and truly understand them.
The key is to write in a clear way that anyone can understand.
It also lets us explore what truly interests us.
For me,
This includes learning about the newest trends in AI, understanding software, discussing medical topics, and breaking down complex/simple ideas about #Bitcoin so they're easier to grasp.
I'm also passionate about subjects like nuclear energy, physics, and game theory.
#bitcoin opened up these opportunities for me.
I'm deeply grateful for it.
It pushed me to create this and deepened my love for learning.
I've never been more curious or eager to learn, and living in such exciting times is truly special.
$BTC #Kri #BTC
My brothers -
🫵
You will NOT sell to Wall St. at $100,000.
You will NOT sell to Wall St. at $1,000,000.
You will NOT sell to Wall St. at $10,000,000.
Every time you are tempted to sell your hard-earned, hard-fought, hard-hodl’d #BTC for their dirty, worthless, printed-from-thin-air, war-financing fiat, you WILL remember every time they mocked you, fought you, laughed at you, called you a criminal - you will remember how those boomers ran this criminal Ponzi economy into the ground & did everything they could to steal the American dream from you - & you WILL 🤘HODL 🤘 like the psychopaths you are.
You WILL make those rat bastards pay you what you know your #BTC is worth. ✊
#Kri #Bitcoin $BTC
🫵
You will NOT sell to Wall St. at $100,000.
You will NOT sell to Wall St. at $1,000,000.
You will NOT sell to Wall St. at $10,000,000.
Every time you are tempted to sell your hard-earned, hard-fought, hard-hodl’d #BTC for their dirty, worthless, printed-from-thin-air, war-financing fiat, you WILL remember every time they mocked you, fought you, laughed at you, called you a criminal - you will remember how those boomers ran this criminal Ponzi economy into the ground & did everything they could to steal the American dream from you - & you WILL 🤘HODL 🤘 like the psychopaths you are.
You WILL make those rat bastards pay you what you know your #BTC is worth. ✊
#Kri #Bitcoin $BTC
Not owning #Bitcoin is more risky than keeping most of your money in it.
Bitcoin will be UNIVERSAL,
People said #Bitcoin was a passing trend when it cost $30 in 2011.
Now, 12 years later, it's worth $30,000.
STILL saying the SAME thing.
If you still think it's just a trend or bubble,
You might want to ask why you've been wrong until now.
Forget its current price for a moment.
What is #Bitcoin at its core?
It fixes a big world issue:
How to keep your money safe over time without losing value or having it taken away.
It's a big step in technology.
#Bitcoin aims to be the best way to keep your money.
Think investing in tech companies is smart but putting money into a tech that fixes a big global problem is not?
Think again.
Many people keep their money in things that lose value over time and can be taken by unpredictable governments.
Loans, stocks, houses, gold, art—all were okay ways to keep money until #Bitcoin showed up.
No other thing you can own does what #Bitcoin does.
It had to be made.
#Bitcoin is built to be the best way to keep your money.
Are we all delusional? 🤔
I don't think so, especially when my money grows ten times in just four years.
The clock is ticking to think about this with an open mind.
Big financial groups are coming in, and so is traditional money.
Don't miss out; the best opportunity of our lifetime is closing.
#BTC #Kri $BTC
Bitcoin will be UNIVERSAL,
People said #Bitcoin was a passing trend when it cost $30 in 2011.
Now, 12 years later, it's worth $30,000.
STILL saying the SAME thing.
If you still think it's just a trend or bubble,
You might want to ask why you've been wrong until now.
Forget its current price for a moment.
What is #Bitcoin at its core?
It fixes a big world issue:
How to keep your money safe over time without losing value or having it taken away.
It's a big step in technology.
#Bitcoin aims to be the best way to keep your money.
Think investing in tech companies is smart but putting money into a tech that fixes a big global problem is not?
Think again.
Many people keep their money in things that lose value over time and can be taken by unpredictable governments.
Loans, stocks, houses, gold, art—all were okay ways to keep money until #Bitcoin showed up.
No other thing you can own does what #Bitcoin does.
It had to be made.
#Bitcoin is built to be the best way to keep your money.
Are we all delusional? 🤔
I don't think so, especially when my money grows ten times in just four years.
The clock is ticking to think about this with an open mind.
Big financial groups are coming in, and so is traditional money.
Don't miss out; the best opportunity of our lifetime is closing.
#BTC #Kri $BTC
How many inflows do you predict that the #Bitcoin Spot ETFs will atract?
My honest prediction is that it will be a minimum of 100b,
1st year: 100b-400b.
2nd year: 500b.
3rd year and more: +1T.
Your time is coming to an end,
The intersection between halving, spot ETFs, and potential QE could ignite a trillion-dollar #BTC bull market.
This slow up in #Bitcoin reminds me of the patterns that eventually lead to much larger movements.
Gradually, then suddenly,
Time will tell; be prepared and stay diligent.
The ship is leaving, better catch up.
most importantly, what do you think? what is your opinion? 🤔
$BTC #Kri
My honest prediction is that it will be a minimum of 100b,
1st year: 100b-400b.
2nd year: 500b.
3rd year and more: +1T.
Your time is coming to an end,
The intersection between halving, spot ETFs, and potential QE could ignite a trillion-dollar #BTC bull market.
This slow up in #Bitcoin reminds me of the patterns that eventually lead to much larger movements.
Gradually, then suddenly,
Time will tell; be prepared and stay diligent.
The ship is leaving, better catch up.
most importantly, what do you think? what is your opinion? 🤔
$BTC #Kri
Here is another way to Save on Bitcoin Transactions
ear me out, 1. Quick Hack: 1.1 Objective: - To optimize Bitcoin transactions by accumulating fewer, larger UTXOs rather than many small ones. 1.2 Key Terms: - UTXO: Unspent Transaction Output, essentially the ‘change’ left over from a #Bitcoin transaction. 1.3 Strategy: 1.3.1 Withdraw Less Often from Exchanges - Instead of frequently withdrawing small amounts, wait and withdraw larger sums less often. 1.3.2 Accumulate Larger UTXOs - By doing so, you end up with larger ‘chunks’ of #Bitcoin (UTXOs) in your wallet. 1.4 Advantages: 1.4.1 Reduced Transaction Fees - Larger UTXOs are more cost-effective when you make future transactions. 1.4.2 Simplified Transaction History - Fewer UTXOs means fewer inputs in future transactions, which simplifies the blockchain record for your wallet. 1.4.3 Improved Wallet Health - Having fewer, more substantial UTXOs is akin to having fewer, larger bills in your physical wallet rather than many coins. It’s easier to manage and considered healthier for your #Bitcoin wallet.2. Additional Tips: - By withdrawing less frequently but in larger amounts from exchanges, you end up with fewer but larger UTXOs. This makes your wallet more efficient and can save you money on transaction fees.1. Use a wallet that supports SegWit.2. Choose a wallet with low fees.3. Time your transactions.4. Use a layer-2 solution.If something is wrong or I've missed something, please let me know. I'm still learning this to the tee. Also Follow Me 🔥#BTC #Kri $BTC
The #Bitcoin rally isn't finished yet 📈
There is an Inverse correlation between USDT dominance and BTC price.
If you look at the USDT dominance chart, it just broke down below the trendline support
The next support zone is near the 4.82% area, while BTC also broke out of the range.
If USDT dominance drops further from here, we can expect Bitcoin to run higher.
$BTC #BTC #Kri
There is an Inverse correlation between USDT dominance and BTC price.
If you look at the USDT dominance chart, it just broke down below the trendline support
The next support zone is near the 4.82% area, while BTC also broke out of the range.
If USDT dominance drops further from here, we can expect Bitcoin to run higher.
$BTC #BTC #Kri
Do the math. Study the math.🤯
Most people understand the concept of "money" for the first time when they grasp the idea of #Bitcoin .
A gift to humanity that truly can't be replicated, debased, or stopped.
This is about to get Insane! (#BTC )
What % do you think will enter the first year since ETF are up and running?🤔
What price?
Institutions are coming to #Bitcoin
To those who think it's impossible,
Watch, don't interrupt 🧡
Remember to store your BTC in cold storage 🧊
$BTC #Kri
Most people understand the concept of "money" for the first time when they grasp the idea of #Bitcoin .
A gift to humanity that truly can't be replicated, debased, or stopped.
This is about to get Insane! (#BTC )
What % do you think will enter the first year since ETF are up and running?🤔
What price?
Institutions are coming to #Bitcoin
To those who think it's impossible,
Watch, don't interrupt 🧡
Remember to store your BTC in cold storage 🧊
$BTC #Kri
Long-term investors are buying up Litecoin
On August 2, 2023, Litecoin experienced its third halving on the Litecoin network, after which the asset's price plummeted 46%.
However, onchain metrics hint that LTC has reached a tipping point.
Long-term holders started buying unusually large volumes of Litecoin around October 5.
The chart below shows that between October 13 and October 17, they were replenishing their balances by at least 400 thousand coins every day. On October 15, Holder's Net-In purchased 413,949 LTC, which was the highest since June 2021.
Holder's Net-Inflow metric estimates the daily increase in the number of coins in the wallets of investors who have held the asset for at least one year.
An increase in the metric tends to indicate growing confidence in the long-term price prospects of the asset.
To confirm this hypothesis, we can cite the fact that in the last three cases, a sharp jump in Holder's Net-Inflow led to an increase in Litecoin's price by at least 25%.
#litecoin #Kri $LTC
On August 2, 2023, Litecoin experienced its third halving on the Litecoin network, after which the asset's price plummeted 46%.
However, onchain metrics hint that LTC has reached a tipping point.
Long-term holders started buying unusually large volumes of Litecoin around October 5.
The chart below shows that between October 13 and October 17, they were replenishing their balances by at least 400 thousand coins every day. On October 15, Holder's Net-In purchased 413,949 LTC, which was the highest since June 2021.
Holder's Net-Inflow metric estimates the daily increase in the number of coins in the wallets of investors who have held the asset for at least one year.
An increase in the metric tends to indicate growing confidence in the long-term price prospects of the asset.
To confirm this hypothesis, we can cite the fact that in the last three cases, a sharp jump in Holder's Net-Inflow led to an increase in Litecoin's price by at least 25%.
#litecoin #Kri $LTC
