🔥 31% of new crypto buyers influenced by friends ! 🔥
🚀 When it comes to cryptocurrency like Bitcoin, new investors are often motivated by friends to take the plunge, according to a recent study. But beware, my fellow traders, as there may be traps along the way!
💼 Expert Warns: "I don't imagine friends are talking about when they lost money," says Lee Baker, a certified financial planner and founder of Apex Financial Services in Atlanta. While the upside and excitement of crypto trading may dominate the conversation, the downsides are often overlooked.
📈 The study reveals that a whopping 31% of new cryptocurrency investors in 2022 relied on their friends' recommendations as their primary reason for entering the market. This social element sets crypto apart from traditional investments like stocks and bonds, where only 8% of new investors rely on friends' suggestions.
💡 It's important to remember that a friend's recommendation can be both a blessing and a curse. While it can be an entry point into the world of investing, the sources of information, especially on social media, may not always be reliable. It's crucial to trust but verify and conduct thorough research before making any investment decisions.
🔑 Understanding the risks and volatility associated with crypto, as well as how it fits into a well-diversified investment portfolio, is essential. Following a friend's advice blindly without considering your own investigation can lead to unfavorable outcomes.
⚠️ Remember the Crypto Roller Coaster: Bitcoin and other crypto assets experienced a record-breaking rally in 2021, but the market quickly turned during the "crypto winter," resulting in significant losses for investors. We mustn't forget that the crypto market has its ups and downs, and it's crucial to have a comprehensive understanding of the risks involved.
📚 Educate Yourself: While the fear of missing out can be tempting, take the time to become knowledgeable about crypto and its intricacies. Seek advice from legitimate financial experts and reliable sources. Don't be swayed solely by the allure of potential gains without considering the potential risks.
💪 So, my fellow traders, let's approach crypto trading with caution, armed with knowledge and a discerning eye. Stay informed, diversify your investments, and make well-informed decisions. The crypto world is full of opportunities, and with the right mindset and strategy, we can navigate its twists and turns to achieve financial success!
📩 Stay tuned for more valuable insights and updates. Join our community of passionate crypto enthusiasts and embark on a profitable journey together! 💰💪
#CryptoTrading #InvestWisely #KnowledgeIsPower
🚀 When it comes to cryptocurrency like Bitcoin, new investors are often motivated by friends to take the plunge, according to a recent study. But beware, my fellow traders, as there may be traps along the way!
💼 Expert Warns: "I don't imagine friends are talking about when they lost money," says Lee Baker, a certified financial planner and founder of Apex Financial Services in Atlanta. While the upside and excitement of crypto trading may dominate the conversation, the downsides are often overlooked.
📈 The study reveals that a whopping 31% of new cryptocurrency investors in 2022 relied on their friends' recommendations as their primary reason for entering the market. This social element sets crypto apart from traditional investments like stocks and bonds, where only 8% of new investors rely on friends' suggestions.
💡 It's important to remember that a friend's recommendation can be both a blessing and a curse. While it can be an entry point into the world of investing, the sources of information, especially on social media, may not always be reliable. It's crucial to trust but verify and conduct thorough research before making any investment decisions.
🔑 Understanding the risks and volatility associated with crypto, as well as how it fits into a well-diversified investment portfolio, is essential. Following a friend's advice blindly without considering your own investigation can lead to unfavorable outcomes.
⚠️ Remember the Crypto Roller Coaster: Bitcoin and other crypto assets experienced a record-breaking rally in 2021, but the market quickly turned during the "crypto winter," resulting in significant losses for investors. We mustn't forget that the crypto market has its ups and downs, and it's crucial to have a comprehensive understanding of the risks involved.
📚 Educate Yourself: While the fear of missing out can be tempting, take the time to become knowledgeable about crypto and its intricacies. Seek advice from legitimate financial experts and reliable sources. Don't be swayed solely by the allure of potential gains without considering the potential risks.
💪 So, my fellow traders, let's approach crypto trading with caution, armed with knowledge and a discerning eye. Stay informed, diversify your investments, and make well-informed decisions. The crypto world is full of opportunities, and with the right mindset and strategy, we can navigate its twists and turns to achieve financial success!
📩 Stay tuned for more valuable insights and updates. Join our community of passionate crypto enthusiasts and embark on a profitable journey together! 💰💪
#CryptoTrading #InvestWisely #KnowledgeIsPower
🚀📈 Bitcoin Price Prediction: Embracing the Rise! 📈🚀
🔥 As Bitcoin mining difficulty reaches new all-time highs, we witness a pivotal moment in the cryptocurrency's journey. This surge in complexity reflects a robust network and heightened interest in Bitcoin, setting the stage for its potential adoption surge.
🔑 Mining Difficulty Breaks Records: Bitcoin's mining difficulty level recently hit an unprecedented milestone, surging by 3.22%. This surge signifies heightened competition in the mining arena and reflects the growing effort required to validate transactions within a block. With more miners joining the network, profitability is impacted, closely tied to Bitcoin's spot price.
🌐 Correlation Between Mining Difficulty and Adoption: The burning question arises - could this surge in mining difficulty pave the way for increased Bitcoin adoption? As individuals and institutions embrace BTC, its value and market demand are likely to experience substantial growth.
📈 Technical Outlook: In the short term, Bitcoin faces challenges around the $27,500 level, struggling to break through. A sharp decline has brought it to the support level at $26,500, indicating bearish dominance in the market. Technical indicators like RSI and MACD currently signal a bearish zone. The 50-day moving average acts as a robust resistance at approximately $26,850.
🔍 What Lies Ahead: The next critical level to monitor closely is $26,500. A decisive breakout above this level could trigger a bullish momentum, aiming for the resistance at $27,100. Surpassing this hurdle opens doors to the next resistance level around $27,490.
💰 Bitcoin Price and Market Data: The current Bitcoin price stands at $26,731, with a trading volume of $15.3 billion in the last 24 hours. Bitcoin holds the top position on CoinMarketCap, boasting a market capitalization of $517 billion. With a circulating supply of 19,377,237 BTC coins, out of a maximum supply of 21,000,000 BTC coins, the journey ahead is promising.
📊 Stay Informed, Make Informed Decisions: Stay tuned for more updates and analysis as we navigate the exciting world of Bitcoin. Embrace the rise, educate yourself, and empower your trading decisions. Together, we can ride the waves of opportunity and unlock the potential for financial success!
📩 Join our community of crypto enthusiasts and receive valuable insights directly to your inbox. Sign up now and embark on an exhilarating journey with us! 💪💰
#BitcoinRise #CryptoAdoption #StayInformed
🔥 As Bitcoin mining difficulty reaches new all-time highs, we witness a pivotal moment in the cryptocurrency's journey. This surge in complexity reflects a robust network and heightened interest in Bitcoin, setting the stage for its potential adoption surge.
🔑 Mining Difficulty Breaks Records: Bitcoin's mining difficulty level recently hit an unprecedented milestone, surging by 3.22%. This surge signifies heightened competition in the mining arena and reflects the growing effort required to validate transactions within a block. With more miners joining the network, profitability is impacted, closely tied to Bitcoin's spot price.
🌐 Correlation Between Mining Difficulty and Adoption: The burning question arises - could this surge in mining difficulty pave the way for increased Bitcoin adoption? As individuals and institutions embrace BTC, its value and market demand are likely to experience substantial growth.
📈 Technical Outlook: In the short term, Bitcoin faces challenges around the $27,500 level, struggling to break through. A sharp decline has brought it to the support level at $26,500, indicating bearish dominance in the market. Technical indicators like RSI and MACD currently signal a bearish zone. The 50-day moving average acts as a robust resistance at approximately $26,850.
🔍 What Lies Ahead: The next critical level to monitor closely is $26,500. A decisive breakout above this level could trigger a bullish momentum, aiming for the resistance at $27,100. Surpassing this hurdle opens doors to the next resistance level around $27,490.
💰 Bitcoin Price and Market Data: The current Bitcoin price stands at $26,731, with a trading volume of $15.3 billion in the last 24 hours. Bitcoin holds the top position on CoinMarketCap, boasting a market capitalization of $517 billion. With a circulating supply of 19,377,237 BTC coins, out of a maximum supply of 21,000,000 BTC coins, the journey ahead is promising.
📊 Stay Informed, Make Informed Decisions: Stay tuned for more updates and analysis as we navigate the exciting world of Bitcoin. Embrace the rise, educate yourself, and empower your trading decisions. Together, we can ride the waves of opportunity and unlock the potential for financial success!
📩 Join our community of crypto enthusiasts and receive valuable insights directly to your inbox. Sign up now and embark on an exhilarating journey with us! 💪💰
#BitcoinRise #CryptoAdoption #StayInformed
🔮5 Cryptos That Will Stand Strong in 10 Years! Prepare to be surprised!
I delved deep into the virtual realms of ChatGPT, the legendary AI language model, to bring you some mind-blowing insights on the future of cryptocurrencies.
Brace yourselves, because the results are intriguing!
1️⃣ Bitcoin: No surprises here! Bitcoin remains the reigning champion, renowned as a store of value and medium of exchange. Its massive network effect, adoption, and brand recognition make it a formidable force in the crypto world.
2️⃣ Ethereum (ETH): This smart contract platform has a vibrant ecosystem and ongoing development, securing its prominent position. Note that ChatGPT's knowledge cutoff was in September 2021, pre-Ethereum's merge.
3️⃣ Binance Coin (BNB): As the native crypto of Binance exchange, BNB thrives on its market strength and innovative offerings. Expect BNB to shine in the coming decade.
4️⃣ Cardano (ADA): ADA's unique approach and rapidly growing community make it a crypto to keep an eye on. Cardano has been a frontrunner for a while, led by none other than Charles Hoskinson.
5️⃣ Polkadot (DOT): Surprisingly, ChatGPT foresees Polkadot's interoperability features and expanding ecosystem positioning it as a long-term player in the crypto realm.
While Tether (USDT) and Ripple (XRP) have held their ground, ChatGPT sees a different path. Remember, this isn't financial advice; always conduct thorough research and consult professionals. Let's keep exploring the digital landscape together! 🌐🔍
#CryptoRevolution #FutureOfCryptos #StayAhead
I delved deep into the virtual realms of ChatGPT, the legendary AI language model, to bring you some mind-blowing insights on the future of cryptocurrencies.
Brace yourselves, because the results are intriguing!
1️⃣ Bitcoin: No surprises here! Bitcoin remains the reigning champion, renowned as a store of value and medium of exchange. Its massive network effect, adoption, and brand recognition make it a formidable force in the crypto world.
2️⃣ Ethereum (ETH): This smart contract platform has a vibrant ecosystem and ongoing development, securing its prominent position. Note that ChatGPT's knowledge cutoff was in September 2021, pre-Ethereum's merge.
3️⃣ Binance Coin (BNB): As the native crypto of Binance exchange, BNB thrives on its market strength and innovative offerings. Expect BNB to shine in the coming decade.
4️⃣ Cardano (ADA): ADA's unique approach and rapidly growing community make it a crypto to keep an eye on. Cardano has been a frontrunner for a while, led by none other than Charles Hoskinson.
5️⃣ Polkadot (DOT): Surprisingly, ChatGPT foresees Polkadot's interoperability features and expanding ecosystem positioning it as a long-term player in the crypto realm.
While Tether (USDT) and Ripple (XRP) have held their ground, ChatGPT sees a different path. Remember, this isn't financial advice; always conduct thorough research and consult professionals. Let's keep exploring the digital landscape together! 🌐🔍
#CryptoRevolution #FutureOfCryptos #StayAhead
Forwarded from 🇩🇪 Crypto Germany | CryptoGermany | Krypto Deutschland 🇩🇪
✨ Brace yourselves, fellow investors! We've got an electrifying opportunity that's bound to leave you astounded. ✨
📈 #STAR/USDT has officially broken free from its accumulation range and is poised to skyrocket beyond the $4 mark! 😲
This breakthrough is a clear signal of the immense potential that lies ahead.
--> TRADE NOW
🔥 Picture this: You're standing on the edge of a precipice, ready to take a leap into the unknown. The winds of change are blowing in your favor, urging you to seize this moment and propel yourself to unprecedented heights. 🌬️💫
📊 So why wait? Trade on Bitmart, the platform that empowers you to navigate the thrilling world of crypto with ease and confidence. ⚡️🚀
🌟 And that's not all! Let's dive deeper into the starry realms of opportunity. Behold the daily chart for #STAR, where magic unfolds before your eyes. 👀 This cryptocurrency has broken out of its bullish flag pattern, illuminating a path paved with potential and profitability. 🔥✈️
---> TRADE NOW
🚀 It's time to embrace the bullish momentum and let your investments take flight. Trust your instincts and send it soaring to new horizons. 🚀✨
🔒 Remember, the responsibility lies with you to make wise decisions and seize opportunities that resonate with your investment strategy.
#NotFinancialAdvice, just a friendly reminder to approach the crypto universe with caution and curiosity. 📚🧐
#DYOR
📈 #STAR/USDT has officially broken free from its accumulation range and is poised to skyrocket beyond the $4 mark! 😲
This breakthrough is a clear signal of the immense potential that lies ahead.
--> TRADE NOW
🔥 Picture this: You're standing on the edge of a precipice, ready to take a leap into the unknown. The winds of change are blowing in your favor, urging you to seize this moment and propel yourself to unprecedented heights. 🌬️💫
📊 So why wait? Trade on Bitmart, the platform that empowers you to navigate the thrilling world of crypto with ease and confidence. ⚡️🚀
🌟 And that's not all! Let's dive deeper into the starry realms of opportunity. Behold the daily chart for #STAR, where magic unfolds before your eyes. 👀 This cryptocurrency has broken out of its bullish flag pattern, illuminating a path paved with potential and profitability. 🔥✈️
---> TRADE NOW
🚀 It's time to embrace the bullish momentum and let your investments take flight. Trust your instincts and send it soaring to new horizons. 🚀✨
🔒 Remember, the responsibility lies with you to make wise decisions and seize opportunities that resonate with your investment strategy.
#NotFinancialAdvice, just a friendly reminder to approach the crypto universe with caution and curiosity. 📚🧐
#DYOR
🚀 Bitcoin Price Prediction Following Fed Chair Powell's Speech – Is the Bear Market Over? 📈
Hey crypto enthusiasts! The recent speech by Fed Chair Powell has set the financial world abuzz with speculation and intrigue. You know we had to dive in and analyze how this could impact the Bitcoin market. Buckle up for some insights!
🔍 Powell's Remarks: Market Game-Changer or Just Hype?
As one of the most influential figures out there, Powell's words carry serious weight. Traders and investors are hanging onto every syllable to decipher the future of monetary policy and its effects on Bitcoin and other cryptocurrencies. Let's break it down:
✅ Negotiation Importance: Powell emphasizes the need for good faith negotiations and the art of compromise to achieve positive outcomes.
✅ Evolving Stance: The Fed's future tightening plans are still up in the air, as Powell clarifies that no concrete decisions have been made yet.
✅ Concerns about Restrictive Policy: Powell acknowledges the risks of the current restrictive policy and takes a cautious approach to mitigate any negative consequences.
✅ Market Rate Path vs. Fed's Forecast: The discrepancy between market expectations and the Fed's projections highlights the significance of data and ongoing considerations.
✅ Economic Projections: Powell recognizes the value of economic projections in guiding tightening cycles and shaping market sentiment.
✅ Inflation Dynamics: Powell delves into the relationship between the job market and inflation, drawing parallels to pre-pandemic trends and highlighting the importance of monitoring labor market slack.
✅ Complementary Tools: The Fed's monetary policy and financial oversight tools work hand in hand to maintain price stability and a strong financial system.
📊 Bitcoin Price: Charts, Resistance, and Potential Targets
Now, let's shift our focus to the BTC price action. Here's what we're seeing:
💪 Resistance at $27,200: Bitcoin is currently facing a tough resistance level. If it can break through this barrier, we could witness a strong bullish movement, aiming for $27,700 and beyond.
⚡️ Double Top Pattern: The presence of this pattern adds weight to the significance of the resistance level. A breakthrough at $27,700 might unleash Bitcoin's true potential, targeting $28,200.
⏰ Support at $26,600: On the flip side, we've got a solid support level. A break below $26,600 could lead to a decline towards $26,200.
📈 Technical Indicators: The RSI and MACD indicators indicate a neutral market condition for Bitcoin. The 50-day exponential moving average reveals a mix of sentiments among investors.
💰 Action Time: Watch that $26,750 Level!
Bitcoin's price has been displaying some volatility, but fear not, there's opportunity in the air. If Bitcoin can hold above the $26,750 level, it might be worth considering buying positions, setting your sights on $27,250 and potentially even $27,650.
📢 Stay Tuned for More Updates!
That's the scoop, folks! Keep an eye out for further developments as we continue to navigate the ever-exciting world of Bitcoin. Stay motivated, stay informed, and let's ride this crypto wave together! 🌊💪 #BitcoinRevival #PowellEffect #CryptoCommunity
Hey crypto enthusiasts! The recent speech by Fed Chair Powell has set the financial world abuzz with speculation and intrigue. You know we had to dive in and analyze how this could impact the Bitcoin market. Buckle up for some insights!
🔍 Powell's Remarks: Market Game-Changer or Just Hype?
As one of the most influential figures out there, Powell's words carry serious weight. Traders and investors are hanging onto every syllable to decipher the future of monetary policy and its effects on Bitcoin and other cryptocurrencies. Let's break it down:
✅ Negotiation Importance: Powell emphasizes the need for good faith negotiations and the art of compromise to achieve positive outcomes.
✅ Evolving Stance: The Fed's future tightening plans are still up in the air, as Powell clarifies that no concrete decisions have been made yet.
✅ Concerns about Restrictive Policy: Powell acknowledges the risks of the current restrictive policy and takes a cautious approach to mitigate any negative consequences.
✅ Market Rate Path vs. Fed's Forecast: The discrepancy between market expectations and the Fed's projections highlights the significance of data and ongoing considerations.
✅ Economic Projections: Powell recognizes the value of economic projections in guiding tightening cycles and shaping market sentiment.
✅ Inflation Dynamics: Powell delves into the relationship between the job market and inflation, drawing parallels to pre-pandemic trends and highlighting the importance of monitoring labor market slack.
✅ Complementary Tools: The Fed's monetary policy and financial oversight tools work hand in hand to maintain price stability and a strong financial system.
📊 Bitcoin Price: Charts, Resistance, and Potential Targets
Now, let's shift our focus to the BTC price action. Here's what we're seeing:
💪 Resistance at $27,200: Bitcoin is currently facing a tough resistance level. If it can break through this barrier, we could witness a strong bullish movement, aiming for $27,700 and beyond.
⚡️ Double Top Pattern: The presence of this pattern adds weight to the significance of the resistance level. A breakthrough at $27,700 might unleash Bitcoin's true potential, targeting $28,200.
⏰ Support at $26,600: On the flip side, we've got a solid support level. A break below $26,600 could lead to a decline towards $26,200.
📈 Technical Indicators: The RSI and MACD indicators indicate a neutral market condition for Bitcoin. The 50-day exponential moving average reveals a mix of sentiments among investors.
💰 Action Time: Watch that $26,750 Level!
Bitcoin's price has been displaying some volatility, but fear not, there's opportunity in the air. If Bitcoin can hold above the $26,750 level, it might be worth considering buying positions, setting your sights on $27,250 and potentially even $27,650.
📢 Stay Tuned for More Updates!
That's the scoop, folks! Keep an eye out for further developments as we continue to navigate the ever-exciting world of Bitcoin. Stay motivated, stay informed, and let's ride this crypto wave together! 🌊💪 #BitcoinRevival #PowellEffect #CryptoCommunity
I Got To Know About This Trick To Convert My $100 To $10k
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Watch & Follow Me & Comment
🔮Crypto has ‘lost its shine’ for institutional investors, says Northern Trust executive
According to Justin Chapman, the head of digital assets and financial markets at Northern Trust,
According to Justin Chapman, the head of digital assets and financial markets at Northern Trust,
institutional investors have grown disinterested in crypto since 2022, and their appetite for it has yet to reignite, even amidst this year's uptrend. Speaking at the Digital Assets Week conference in San Francisco, Chapman noted that institutions have shifted their focus to the underlying blockchain technology of cryptocurrencies. However, Northern Trust remains prepared with the necessary capabilities should client interest in crypto assets rebound. While the financial giants at the conference expressed enthusiasm for blockchain's potential in tokenizing real-world assets, Chapman highlighted the current quietness in the institutional space and the lack of rebound after the challenges faced last year. The road ahead remains uncertain, but Northern Trust stands ready for the next chapter in crypto's evolution. 🚀#BTC CME
Price is at local resistance
CME Gap formed between 26900$ and 27915$
Short-term correction is likely to occur
Price is at local resistance
CME Gap formed between 26900$ and 27915$
Short-term correction is likely to occur
📊 Bitcoin Chart Analysis 📚
Time Frame - 4 Hour (LTF)
Fresh Week. Fresh lines. Although I am Bullish but i don't do fomo buy the resistance. In daily we are approaching Descending trendline resistance in confluence with horizontal Resistance at 28.5k. Also we have Daily MA50 around 28.2k (lagging indicator describing short Term trend). So unless we clear 28.2ka-28.k cluster of resistance, it's no brainer to Long mid way. We already have long running from 26.4-26.5k levels.
Those who missed, I've drawn most probable scenario where we can go long. I'm hoping for a successful Retest of 27.4k resistance turned support. Will watch PA at those levels and if needed, will add to our longs.
Time Frame - 4 Hour (LTF)
Fresh Week. Fresh lines. Although I am Bullish but i don't do fomo buy the resistance. In daily we are approaching Descending trendline resistance in confluence with horizontal Resistance at 28.5k. Also we have Daily MA50 around 28.2k (lagging indicator describing short Term trend). So unless we clear 28.2ka-28.k cluster of resistance, it's no brainer to Long mid way. We already have long running from 26.4-26.5k levels.
Those who missed, I've drawn most probable scenario where we can go long. I'm hoping for a successful Retest of 27.4k resistance turned support. Will watch PA at those levels and if needed, will add to our longs.
#Bitcoin real time analysis and possible scenario
Shrimp Entities (< 1#BTC) continue their aggressive accumulation of #Bitcoin recording a monthly increase of +24.6K BTC, with only 224 / 5226 (4.3%) trading days recording a larger expansion, bringing the supply held by Shrimp to an ATH or 1.31M.
The intensity of accumulation is further exemplified by the fact that 160 of these trading days occurred across the last year alone.
The intensity of accumulation is further exemplified by the fact that 160 of these trading days occurred across the last year alone.
JUST IN: 🇷🇺 Russia to use crypto exchanges to settle cross-border transactions.
Top 100 24h Gainers 🚀
GRT $0.1277 +7.58%
INJ $7.32 +6.10%
BSV $34.51 +5.13%
QNT $108.91 +4.91%
LDO $2.10 +4.85%
Top 100 24h Losers 🔻
RNDR $2.52 -5.81%
HT $3.14 -4.43%
CFX $0.3122 -3.69%
SAND $0.5392 -3.62%
OP $1.56 -3.56%
GRT $0.1277 +7.58%
INJ $7.32 +6.10%
BSV $34.51 +5.13%
QNT $108.91 +4.91%
LDO $2.10 +4.85%
Top 100 24h Losers 🔻
RNDR $2.52 -5.81%
HT $3.14 -4.43%
CFX $0.3122 -3.69%
SAND $0.5392 -3.62%
OP $1.56 -3.56%