Trending News: Strategic Bitcoin Reserve Talks: Lummis & Bessent Meet
1️⃣ Cynthia Lummis (U.S. Senator) meets with Scott Bessent (Trump’s likely pick for Treasury Secretary)
2️⃣ Discussion centered around creating a Strategic Bitcoin Reserve 🇺🇸
3️⃣ No concrete policy changes confirmed yet, but signals growing government interest in digital currencies
4️⃣ Potential shift towards integrating Bitcoin into U.S. economic strategy
Big moves happening in the world of Bitcoin and government. 🚀
1️⃣ Cynthia Lummis (U.S. Senator) meets with Scott Bessent (Trump’s likely pick for Treasury Secretary)
2️⃣ Discussion centered around creating a Strategic Bitcoin Reserve 🇺🇸
3️⃣ No concrete policy changes confirmed yet, but signals growing government interest in digital currencies
4️⃣ Potential shift towards integrating Bitcoin into U.S. economic strategy
Big moves happening in the world of Bitcoin and government. 🚀
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✅️What can you do with cryptocurrency?
➡️There’s a wide range of things you can do with cryptocurrency, and the list grows with time. Here are a few ways to get started, from participating in everyday activities to exploring new technological frontiers:
🔴Donate to causes: There are benefits to donating and accepting crypto, and many nonprofit organizations accept bitcoin donations.
🔴Travel the world: Because cryptocurrency isn’t tied to a specific country, traveling with crypto can cut down on money exchange fees. There’s already a small but thriving community of self-noscriptd “crypto nomads” who primarily, or in some cases exclusively, spend crypto when they travel.
🔴Buy property in a virtual gaming world: Decentraland, which also runs on the Ethereum blockchain, is the first virtual world entirely owned by its users. Users can buy and sell land, avatar clothing, and all kinds of other stuff while partying in virtual nightclubs or mingling in virtual art galleries.
🔴Explore decentralized finance, or DeFi: A wide variety of new players are aiming to recreate the entire global financial system, from mutual-fund-like investments to loan-lending mechanisms and way beyond, without any central authorities.
➡️There’s a wide range of things you can do with cryptocurrency, and the list grows with time. Here are a few ways to get started, from participating in everyday activities to exploring new technological frontiers:
🔴Donate to causes: There are benefits to donating and accepting crypto, and many nonprofit organizations accept bitcoin donations.
🔴Travel the world: Because cryptocurrency isn’t tied to a specific country, traveling with crypto can cut down on money exchange fees. There’s already a small but thriving community of self-noscriptd “crypto nomads” who primarily, or in some cases exclusively, spend crypto when they travel.
🔴Buy property in a virtual gaming world: Decentraland, which also runs on the Ethereum blockchain, is the first virtual world entirely owned by its users. Users can buy and sell land, avatar clothing, and all kinds of other stuff while partying in virtual nightclubs or mingling in virtual art galleries.
🔴Explore decentralized finance, or DeFi: A wide variety of new players are aiming to recreate the entire global financial system, from mutual-fund-like investments to loan-lending mechanisms and way beyond, without any central authorities.
📊 Market Overview:
BTC : $101291
ETH : $3871.99
SOL : $222.31
BNB : $714.4
📈 Market Cap :
Total : 3.79T
DeFi : 133.21B
24hr Vol : 219.08B
⚡ Sentiment :
FGI : Extreme Greed (83)
Open Interest : 63.58B
24h Liquidation : $185.9M
BTC : $101291
ETH : $3871.99
SOL : $222.31
BNB : $714.4
📈 Market Cap :
Total : 3.79T
DeFi : 133.21B
24hr Vol : 219.08B
⚡ Sentiment :
FGI : Extreme Greed (83)
Open Interest : 63.58B
24h Liquidation : $185.9M
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📊 Market Overview:
BTC : $102890
ETH : $3885.39
SOL : $219.52
BNB : $715.1
📈 Market Cap :
Total : 3.82T
DeFi : 133.02B
24hr Vol : 180.38B
⚡ Sentiment :
FGI : Extreme Greed (80)
Open Interest : 64.68B
24h Liquidation : $229.1M
BTC : $102890
ETH : $3885.39
SOL : $219.52
BNB : $715.1
📈 Market Cap :
Total : 3.82T
DeFi : 133.02B
24hr Vol : 180.38B
⚡ Sentiment :
FGI : Extreme Greed (80)
Open Interest : 64.68B
24h Liquidation : $229.1M
When to hold and when to sell
• Before buying any crypto, decide how much profit would feel like "enough". For example, if you buy at $1, consider selling some at $2 to lock in a profit, while still holding some if you believe in long-term growth.
• Selling enough to recoup your initial investment can reduce stress. You'll have secured your initial funds, leaving the rest as pure profit potential.
• Keep an eye on market sentiment. If a sudden downturn breaks key price levels, consider placing a stop-loss order about 10-20% below the current price to limit losses. Remember: Knowing when to sell is just as important as knowing when to buy.
Selling at a loss is okay, it's not okay to marry your pockets and decide to hold a coin while it drops 99% while waiting for a recovery
• Don't panic over small dips if you believe in the future of the project. Over time, you can adjust these profit targets and stop-loss levels based on experience and risk tolerance.
• Plan your exits in advance. This will help you avoid emotional decisions and improve your long-term results.
Buy Bitcoin and Ethereum. This way you play it safe and almost guarantee yourself some profits in the future.
• Before buying any crypto, decide how much profit would feel like "enough". For example, if you buy at $1, consider selling some at $2 to lock in a profit, while still holding some if you believe in long-term growth.
• Selling enough to recoup your initial investment can reduce stress. You'll have secured your initial funds, leaving the rest as pure profit potential.
• Keep an eye on market sentiment. If a sudden downturn breaks key price levels, consider placing a stop-loss order about 10-20% below the current price to limit losses. Remember: Knowing when to sell is just as important as knowing when to buy.
Selling at a loss is okay, it's not okay to marry your pockets and decide to hold a coin while it drops 99% while waiting for a recovery
• Don't panic over small dips if you believe in the future of the project. Over time, you can adjust these profit targets and stop-loss levels based on experience and risk tolerance.
• Plan your exits in advance. This will help you avoid emotional decisions and improve your long-term results.
Buy Bitcoin and Ethereum. This way you play it safe and almost guarantee yourself some profits in the future.
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Why do I need diversification?
Asset diversification is an investment strategy in which you allocate your assets in various areas to minimize the risk of loss.
If one of your coins in your portfolio starts to fall, your portfolio can remain stable (or even show profits) at the expense of other coins.
In crypto, diversification is crucial.
Since digital assets are extremely volatile, investing in just one coin can cause huge losses.
Moreover, it is recommended to diversify even stablecoins—just in case one of them suddenly collapses—you don’t lose all your money.
Asset diversification is an investment strategy in which you allocate your assets in various areas to minimize the risk of loss.
If one of your coins in your portfolio starts to fall, your portfolio can remain stable (or even show profits) at the expense of other coins.
In crypto, diversification is crucial.
Since digital assets are extremely volatile, investing in just one coin can cause huge losses.
Moreover, it is recommended to diversify even stablecoins—just in case one of them suddenly collapses—you don’t lose all your money.
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Free Resources to learn Block Chain and Bitcoin
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The Complete Course On Understanding Blockchain Technology
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Introduction to Cryptocurrencies and Blockchain
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Cryptocurrency Investment Fundamentals | Buy, Sell & Store
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Free Blockchain Course
https://101blockchains.com/free-blockchain-course/
Free Blockchain Book
https://www.blockchainexpert.uk/book/blockchain-book.pdf
Blockchain and money course by MIT
https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/
Introduction to Bitcoins Free Course
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ENJOY LEARNING 👍👍
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The Complete Course On Understanding Blockchain Technology
[4.6 star ratings out of 5]
https://bit.ly/3CMdnM6
Free Blockchain Tutorial from Udemy
https://bit.ly/3JghC5d
Introduction to Cryptocurrencies and Blockchain
https://bit.ly/3Iimwx4
Cryptocurrency Investment Fundamentals | Buy, Sell & Store
[4.5 star ratings out of 5]
https://bit.ly/3wbRwwl
Free Blockchain Course
https://101blockchains.com/free-blockchain-course/
Free Blockchain Book
https://www.blockchainexpert.uk/book/blockchain-book.pdf
Blockchain and money course by MIT
https://ocw.mit.edu/courses/sloan-school-of-management/15-s12-blockchain-and-money-fall-2018/
Introduction to Bitcoins Free Course
https://bit.ly/3wg7Vjw
Join @free4unow_backup for more free courses
ENJOY LEARNING 👍👍
👍2❤1
➡️Things to know about crypto volatility
- Crypto markets are highly volatile, often experiencing significant price swings within short time frames.
- Factors influencing volatility include market sentiment, regulatory news, technological advancements, and macroeconomic trends.
- Major cryptocurrencies like Bitcoin and Ethereum tend to have higher volatility compared to smaller altcoins.
- Trading volumes can amplify volatility; lower liquidity often leads to larger price fluctuations.
- Events such as exchange hacks, forks, and major announcements can trigger rapid price changes.
- Volatility can present both risks and opportunities for traders and investors.
- Risk management strategies, such as stop-loss orders, are crucial in navigating crypto volatility.
- Historical data shows that crypto assets can recover from downturns, but past performance is not indicative of future results.
- Crypto markets are highly volatile, often experiencing significant price swings within short time frames.
- Factors influencing volatility include market sentiment, regulatory news, technological advancements, and macroeconomic trends.
- Major cryptocurrencies like Bitcoin and Ethereum tend to have higher volatility compared to smaller altcoins.
- Trading volumes can amplify volatility; lower liquidity often leads to larger price fluctuations.
- Events such as exchange hacks, forks, and major announcements can trigger rapid price changes.
- Volatility can present both risks and opportunities for traders and investors.
- Risk management strategies, such as stop-loss orders, are crucial in navigating crypto volatility.
- Historical data shows that crypto assets can recover from downturns, but past performance is not indicative of future results.
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⚡️Crypto arbitrage: A quick guide
📈Crypto arbitrage is a trading strategy that involves buying and selling cryptocurrencies on different exchanges to take advantage of price differences. It's like finding a product for sale at a lower price in one store and reselling it at a higher price in another store.
🤔How it works:
1️⃣Spot the difference: Find a cryptocurrency that's priced differently across exchanges.
2️⃣Buy low, sell high: Purchase the cryptocurrency on the exchange with the lower price and sell it on the exchange with the higher price.
3️⃣Profit: The difference in price, minus fees, is your profit.
👥Is it worth it?
🏆Crypto arbitrage can be profitable, but it requires speed, knowledge of the market, and a bit of luck. There's also a lot of competition.
📈Crypto arbitrage is a trading strategy that involves buying and selling cryptocurrencies on different exchanges to take advantage of price differences. It's like finding a product for sale at a lower price in one store and reselling it at a higher price in another store.
🤔How it works:
1️⃣Spot the difference: Find a cryptocurrency that's priced differently across exchanges.
2️⃣Buy low, sell high: Purchase the cryptocurrency on the exchange with the lower price and sell it on the exchange with the higher price.
3️⃣Profit: The difference in price, minus fees, is your profit.
👥Is it worth it?
🏆Crypto arbitrage can be profitable, but it requires speed, knowledge of the market, and a bit of luck. There's also a lot of competition.
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📊 Cryptocurrency Trading Basics: Technical Analysis 📈
Technical analysis evaluates investments through statistical analysis of market activity 📉. It focuses on price charts and indicators to identify patterns. Unlike fundamental analysis, it doesn't measure underlying value but uses historical price data to predict future movements 📅.
Key Concepts:
- Market Discounts Everything: Prices reflect all information 💡.
- Price Moves in Trends: Future movements follow trends 📉.
- History Repeats Itself: Past data predicts future trends 🔄.
Learning & Practice:
Continuous learning and practice are essential 📚. Engage with resources, practice extensively, and contribute your insights.
Technical analysis evaluates investments through statistical analysis of market activity 📉. It focuses on price charts and indicators to identify patterns. Unlike fundamental analysis, it doesn't measure underlying value but uses historical price data to predict future movements 📅.
Key Concepts:
- Market Discounts Everything: Prices reflect all information 💡.
- Price Moves in Trends: Future movements follow trends 📉.
- History Repeats Itself: Past data predicts future trends 🔄.
Learning & Practice:
Continuous learning and practice are essential 📚. Engage with resources, practice extensively, and contribute your insights.
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🚀 7 Biggest Bitcoin Myths! 🔍
1. Bitcoin is a Bubble: Critics often claim Bitcoin is a speculative bubble. However, Bitcoin has repeatedly recovered from downturns, reaching new all-time highs each cycle. 🚀
2. Bitcoin Has No Real-World Uses: Bitcoin's use cases are growing! From everyday payments to being a store of value, Bitcoin is increasingly integrated into financial systems globally. 💳
3. Bitcoin Doesn’t Have Real Value: Bitcoin’s value is derived from its limited supply (21 million BTC) and increasing demand. This scarcity drives its value much like precious metals. 💎
4. Bitcoin Will Be Replaced: Despite thousands of cryptocurrencies, Bitcoin remains the most valuable and widely recognized digital currency, serving as the gold standard in the crypto space. 🥇
5. Investing in Bitcoin is Gambling: While volatile, Bitcoin has shown a steady upward trend over the long term, offering significant returns for early adopters and long-term investors. 📊
6. Bitcoin Isn’t Secure: Bitcoin's blockchain technology is one of the most secure and has never been hacked. The decentralized nature of its network adds layers of security against attacks. 🔒
7. Bitcoin is Bad for the Environment: Bitcoin mining does consume energy, but the narrative is shifting towards sustainable mining practices. Many miners are now using renewable energy sources to reduce environmental impact. 🌱
1. Bitcoin is a Bubble: Critics often claim Bitcoin is a speculative bubble. However, Bitcoin has repeatedly recovered from downturns, reaching new all-time highs each cycle. 🚀
2. Bitcoin Has No Real-World Uses: Bitcoin's use cases are growing! From everyday payments to being a store of value, Bitcoin is increasingly integrated into financial systems globally. 💳
3. Bitcoin Doesn’t Have Real Value: Bitcoin’s value is derived from its limited supply (21 million BTC) and increasing demand. This scarcity drives its value much like precious metals. 💎
4. Bitcoin Will Be Replaced: Despite thousands of cryptocurrencies, Bitcoin remains the most valuable and widely recognized digital currency, serving as the gold standard in the crypto space. 🥇
5. Investing in Bitcoin is Gambling: While volatile, Bitcoin has shown a steady upward trend over the long term, offering significant returns for early adopters and long-term investors. 📊
6. Bitcoin Isn’t Secure: Bitcoin's blockchain technology is one of the most secure and has never been hacked. The decentralized nature of its network adds layers of security against attacks. 🔒
7. Bitcoin is Bad for the Environment: Bitcoin mining does consume energy, but the narrative is shifting towards sustainable mining practices. Many miners are now using renewable energy sources to reduce environmental impact. 🌱
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What are Crypto Stealth Addresses & How do they work
Stealth addresses are revolutionizing privacy in blockchain transactions, offering a more secure way to obscure transaction history. Unlike traditional public addresses that can be traced, stealth addresses create a one-time address for each transaction, enhancing the confidentiality of digital currency transfers. This work in the following steps:
1. Stealth Address Creation: The recipient, say Bob generates two cryptographic keys: a public key (shared with Alice) and a private key (kept confidential).
2. Transaction Setup: Alice uses Bob's public key to create a unique address for their transaction, unlinkable to Bob’s public blockchain address.
3. Sending the Funds: Alice sends cryptocurrency to this one-time address, posting an ephemeral public key for Bob on the blockchain.
4. Receiving the Funds: Bob decrypts the stealth address using Alice’s cryptographic information and accesses the funds securely.
Stealth addresses are revolutionizing privacy in blockchain transactions, offering a more secure way to obscure transaction history. Unlike traditional public addresses that can be traced, stealth addresses create a one-time address for each transaction, enhancing the confidentiality of digital currency transfers. This work in the following steps:
1. Stealth Address Creation: The recipient, say Bob generates two cryptographic keys: a public key (shared with Alice) and a private key (kept confidential).
2. Transaction Setup: Alice uses Bob's public key to create a unique address for their transaction, unlinkable to Bob’s public blockchain address.
3. Sending the Funds: Alice sends cryptocurrency to this one-time address, posting an ephemeral public key for Bob on the blockchain.
4. Receiving the Funds: Bob decrypts the stealth address using Alice’s cryptographic information and accesses the funds securely.
How long it took these successful traders to achieve success:
Marty Schwartz: 10 years
Jesse Livermore: 6 years
Mark Minervini: 6 years
Paul Tudor Jones: 5 years
So, give yourself a realistic timeline. Trading is a serious, long-term commitment.
Marty Schwartz: 10 years
Jesse Livermore: 6 years
Mark Minervini: 6 years
Paul Tudor Jones: 5 years
So, give yourself a realistic timeline. Trading is a serious, long-term commitment.
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Programming can be used with crypto in a variety of ways. Here are a few examples:
Developing cryptocurrency wallets. Cryptocurrency wallets are used to store, send, and receive cryptocurrencies. Programmers can develop new types of wallets with improved features and security.
Creating cryptocurrency exchanges. Cryptocurrency exchanges allow users to buy, sell, and trade cryptocurrencies. Programmers can develop new exchanges with lower fees, faster transaction times, and a wider selection of cryptocurrencies.
Building decentralized applications (dApps). DApps are applications that run on a blockchain network and are not controlled by any single entity. Programmers can develop dApps for a variety of purposes, such as gaming, finance, and social media.
Writing smart contracts. Smart contracts are self-executing contracts that are stored on a blockchain network. Programmers can write smart contracts to automate a variety of transactions, such as financial agreements and supply chain management.
Developing blockchain-based tools and services. Programmers can also develop a variety of other tools and services for the blockchain industry, such as block explorers, analytics tools, and security solutions.
Here are some specific examples of programming languages and tools that are commonly used in crypto development:
Programming languages: Python, Solidity, C++, Go, Rust
Tools and frameworks: Truffle, Hardhat, Remix, Metamask, Etherscan
If you are interested in learning more about how to use programming with crypto, there are a number of resources available online and in libraries. There are also a number of online courses and bootcamps that can teach you the skills you need to become a crypto developer.
Here are some tips for getting started:
Choose a programming language. Start by learning one of the programming languages that is commonly used in crypto development.
Learn about blockchain technology. It is important to have a good understanding of blockchain technology before you can start developing crypto applications.
Find a community. There are a number of online and offline communities where you can connect with other crypto developers and learn from them.
Start building. The best way to learn is by doing. Start building simple crypto applications and gradually work your way up to more complex projects.
With hard work and dedication, you can learn to use programming to build innovative and useful crypto applications.
Developing cryptocurrency wallets. Cryptocurrency wallets are used to store, send, and receive cryptocurrencies. Programmers can develop new types of wallets with improved features and security.
Creating cryptocurrency exchanges. Cryptocurrency exchanges allow users to buy, sell, and trade cryptocurrencies. Programmers can develop new exchanges with lower fees, faster transaction times, and a wider selection of cryptocurrencies.
Building decentralized applications (dApps). DApps are applications that run on a blockchain network and are not controlled by any single entity. Programmers can develop dApps for a variety of purposes, such as gaming, finance, and social media.
Writing smart contracts. Smart contracts are self-executing contracts that are stored on a blockchain network. Programmers can write smart contracts to automate a variety of transactions, such as financial agreements and supply chain management.
Developing blockchain-based tools and services. Programmers can also develop a variety of other tools and services for the blockchain industry, such as block explorers, analytics tools, and security solutions.
Here are some specific examples of programming languages and tools that are commonly used in crypto development:
Programming languages: Python, Solidity, C++, Go, Rust
Tools and frameworks: Truffle, Hardhat, Remix, Metamask, Etherscan
If you are interested in learning more about how to use programming with crypto, there are a number of resources available online and in libraries. There are also a number of online courses and bootcamps that can teach you the skills you need to become a crypto developer.
Here are some tips for getting started:
Choose a programming language. Start by learning one of the programming languages that is commonly used in crypto development.
Learn about blockchain technology. It is important to have a good understanding of blockchain technology before you can start developing crypto applications.
Find a community. There are a number of online and offline communities where you can connect with other crypto developers and learn from them.
Start building. The best way to learn is by doing. Start building simple crypto applications and gradually work your way up to more complex projects.
With hard work and dedication, you can learn to use programming to build innovative and useful crypto applications.
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🇺🇸 According to Bloomberg, Donald Trump is expected to sign an executive order designating #crypto as a national priority on January 20th.
JUST IN: Bitcoin's 💰 dominance in the #crypto market is expected to persist through 2025, says JPMorgan analysts.
TOP CRYPTO EXCHANGES RANKED BY TRUST SCORE
1. Binance — 10/10
2. Bybit — 10/10
3. Coinbase — 10/10
4. Kraken — 10/10
5. KuCoin — 10/10
6. Crypto.com — 10/10
7. Binance US — 10/10
8. OKX — 9/10
9. Bitget — 9/10
10. Gate.io — 9/10
11. HTX — 9/10
12. LATOKEN — 9/10
13. Bitstamp — 9/10
14. Bitunix — 9/10
15. Gemini — 9/10
16. HashKey Exchange — 9/10
17. Backpack Exchange — 9/10
18. Woox — 9/10
19. Coins.ph — 9/10