BTC1000K

CryptoQuant contends that the Bitcoin bull run will come to an end when the supply profitability surpasses a certain threshold. The analysis included these remarks: "The BTC supply in loss may drop by 50 percent before the sell signal."
Onchain Edge, which looked into the market reversal that happened in late 2021, pointed out that supply profit signals have been effective for several months. Onchain Edge noted: "When BTC’s supply in loss drops below 4 percent, you should start aggressively exiting #BTC and wait for the next bear market bottoms."
The metric in question shows the daily moving averages of the current percentage of the supply that is in loss. At present, this metric is hovering around 8 percent levels.
Based on the analysis, February was seen as the appropriate time to start selling BTC in stages and reduce risk. The post by CryptoQuant identified the 4 percent metric as the level at which many investors would be in profit. It was claimed that this level represents the peak of the bull run.
This analysis, which came out when #BTC exceeded $100,000, has caused some anxiety among crypto investors. Many of them argued that the bull run for altcoins hasn't even started yet and that it's too early to start preparing for a bear market.
#BTC☀ #BTC1000K @CZ

Elon Musk, a highly visionary entrepreneur with ventures like Tesla, SpaceX, and several other revolutionary enterprises, reached a remarkable and historical milestone in November 2021. He became the first-ever individual to build a net worth that surpassed a staggering $400 billion. This extraordinary accomplishment is a clear indication of his unyielding determination, his inventive mindset, and his remarkable talent for revolutionizing entire industries.

Musk's path to such extraordinary wealth had its origin in 1995 when he co-established Zip2, a web software firm. The company thrived and was subsequently purchased by Compaq in 1999 for a sum of $307 million. This acquisition furnished Musk with the necessary financial means to embark on his far-reaching and audacious pursuits.

In 2002, Musk founded SpaceX, a private entity engaged in aerospace manufacturing and space transportation services. SpaceX brought about a radical transformation in space travel by devising reusable rockets. This innovation led to a significant reduction in the costs associated with space missions. Coupled with the meteoric rise in the stock value of Tesla, the electric vehicle manufacturing company he co-initiated in 2003, Musk's wealth soared to unprecedented levels.

Tesla's ground-breaking electric vehicles and energy storage solutions have not only caused a major upheaval in the automotive sector but have also established the company as a front-runner in the domain of sustainable energy. The company's swift expansion and its dominant position in the market have been major contributors to Musk's accumulation of wealth.

Apart from Tesla and SpaceX, Musk's entrepreneurial undertakings also include Neuralink, a neurotechnology firm that is engaged in the development of brain-computer interfaces, and The Boring Company, which is centered around urban transportation infrastructure. Although these ventures are still in their nascent phases, they possess colossal potential and further reinforce Musk's status as a dominant force in the sphere of technological innovation.

Musk's leadership approach is defined by his unshakable dedication to transcending limitations and defying traditional ways of thinking. His capacity to instill inspiration and drive in teams, enabling them to achieve goals that seem almost unattainable, has been crucial in the triumphs of his various enterprises.

Nevertheless, Musk's journey to this unrivaled wealth has not been devoid of disputes. His managerial style has been subject to criticism due to its exacting nature. Additionally, his utilization of social media has come under examination because of its influence on financial markets and public discussions.

In spite of the controversies, Elon Musk's influence on the world is indisputable. His inventive zeal, his enterprising drive, and his technological foresight have completely transformed industries, kindled the inspiration of innumerable individuals, and extended the frontiers of human capabilities. His progression to becoming the first person to amass a net worth exceeding $400 billion stands as a powerful testament to the potency of human creativity and the pursuit of highly ambitious aspirations and dreams.

#ElonMuskUpdates #BTCReclaims101K #SpaceCatch #BTC1000K #MicroStrategyJoinsNasdaq100

Kevin Day, a technology enthusiast hailing from Nebraska, unexpectedly found himself at the heart of a highly dramatic and significant event in the history of Bitcoin. In the 1990s, he had been involved in the development of renowned video games such as Mortal Kombat 4, NBA Showtime, and NFL Blitz. A genuine tech aficionado, he even had the privilege of meeting Mark Hamill, who played the iconic Luke Skywalker.

Apart from his career in the gaming industry, Kevin had a deep passion for the internet. After his startup failed during the Dot-Com Crash, he was attracted to the freedom and creativity of the web and began hosting websites. This same spirit of exploration and innovation led him to discover Bitcoin. Kevin entered the Bitcoin community when the price was at $7, having been intrigued by its remarkable rise from a mere $0.30. He enthusiastically dove into Bitcoin mining, eager to engage in this revolutionary digital phenomenon.

On June 19, 2011, a momentous opportunity presented itself during a time of great upheaval. In a mere 20 minutes, the price of Bitcoin plummeted from $17 to an astonishingly low $0.01. While most people were gripped by panic, Kevin saw this as a chance. Swiftly, he placed a bid to purchase $3,000 worth of Bitcoin at the incredibly low price of $0.01 per coin. His order was successful, and he managed to acquire an astounding 259,684 BTC for less than $3,000.

As the price bounced back, the value of Kevin's investment skyrocketed by an incredible 166,000%. He was able to withdraw 643 BTC, which was the maximum amount permitted under the exchange's policies. However, his fortune took a sudden turn for the worse.

It was later discovered that the crash was not a typical market fluctuation but the result of a hack on the Mt. Gox exchange. The hacker had stolen Bitcoin and sold it at extremely low prices, causing chaos in the market. To deal with the aftermath, Mt. Gox made the decision to reverse all trades that had occurred during the crash, including Kevin's.

This decision wiped out Kevin's remaining Bitcoin as well as the holdings of many other traders who had placed legitimate orders. Although Kevin had acted in good faith, the Bitcoin community was divided in its opinion of him. Some suspected him of being the hacker, while others believed he was an innocent trader who had simply taken advantage of an opportunity.

Kevin, undeterred, came forward to share his perspective. He asserted that his trades were legitimate and criticized Mt. Gox for setting a perilous precedent with its rollback. To him, exchanges should adhere to the fundamental principles of Bitcoin: transparency, immutability, and fairness.

Despite being urged to take legal action against Mt. Gox, Kevin decided against it, fearing that it might disrupt the still-developing Bitcoin ecosystem. Instead, he became an advocate for personal responsibility in the world of cryptocurrency, promoting the now-popular slogan: #NotYourKeysNotYourCoins.

Even though Kevin lost 259,360 BTC, which would be worth over $16 billion today, his story serves as a powerful cautionary tale. It vividly illustrates the risks associated with centralized exchanges and emphasizes the crucial importance of safeguarding one's assets in the highly volatile and unpredictable realm of cryptocurrency.

A man named James Howells, an IT engineer hailing from Wales, once held a staggering fortune of over $760 million in the form of Bitcoin stored on a hard drive. However, in a fateful turn of events during a routine cleanup in 2013, he unwittingly tossed the hard drive away. Little did he know that within that seemingly ordinary piece of technology lay 8,000 Bitcoins, which, at present-day valuations, amounted to such an astronomical sum. And now, this hard drive was buried deep beneath 110,000 tons of refuse in Newport's municipal landfill.

Realizing the colossal mistake he had made, Howells approached the Newport City Council with a rather audacious request. He asked for permission to dig up the landfill in a desperate attempt to retrieve the lost hard drive. But the council firmly declined his proposal. They were concerned about the potential environmental hazards that such a large-scale excavation could pose. The costs associated with such an undertaking were also prohibitively high, and there was the added worry of incurring significant liability.

Yet, Howells was not one to be easily discouraged. He formulated a recovery strategy that seemed more like something out of a futuristic science fiction movie. His plan involved enlisting the help of robot dogs. These robotic canines would be tasked with scouring the vast expanse of the landfill, using their advanced sensors to detect any possible signs of the missing hard drive. Alongside them, he proposed the use of AI-powered sorting machines. These high-tech devices would be responsible for sifting through the mountains of trash, meticulously separating and examining each item in the hope of finding the precious hard drive. To ensure the success of this ambitious operation, Howells even had the idea of constructing a replica landfill. This replica would serve as a training ground for the AI, allowing it to learn and adapt before the actual search commenced in the real landfill.

The estimated cost of this elaborate and complex operation was a hefty $11 million. But Howells had a plan to finance it. He entered into a partnership with hedge funds. In return for their financial backing, he offered them a share of the potential treasure that lay buried. Despite his efforts and the allure of a significant payday, the council still refused his request.

Not one to give up easily, Howells then made an even more astonishing offer. He proposed giving the city of Newport a staggering 25% of the Bitcoin if they would only allow him to conduct the search. At current prices, this amounted to over $190 million. As part of his grand plan, he also envisioned building a Bitcoin hub in the city. This hub could potentially bring economic benefits and technological innovation to the area. But alas, the council's response remained a resolute no.

However, Howells maintained that this was not merely a quest for financial gain. He brought in environmental scientists to address the council's concerns about the safety of the search. These experts would be able to ensure that the operation would be carried out in an environmentally responsible manner. In addition, he proposed an innovative solution to another problem associated with landfills. He suggested converting the landfill methane, a harmful greenhouse gas, into a source of energy. This could potentially transform Newport's waste into a valuable renewable energy resource.

The stakes in this endeavor were truly astronomical. There was even hope from experts, including those from NASA, who believed that even if the hard drive was damaged, it might still be possible to recover the valuable data it held. But first and foremost, the hard drive had to be located.

For over a decade now, Howells has tenaciously pursued this seemingly impossible dream. He has dedicated more than 10 years of his life to the pursuit of this buried treasure, hidden beneath an enormous mountain of trash.

The key takeaway from this remarkable story is that it is not just a simple narrative about Bitcoin. It is a story that showcases the power of human persistence and innovation. It makes one wonder just how far a person is willing to go to rectify a billion-dollar blunder. It also poses an interesting question: What would you do if you found yourself in a similar situation, with your fortune buried deep in a landfill?
#BTC1000K #BinanceLaunchpoolVANA

BlackRock has recently transferred 100,000 BTC to hidden wallets, and this has sent shockwaves through the cryptocurrency community. Many are fearful that they might offload a whopping $1 billion worth of BTC, which could have a significant impact on the market. So, I delved into an in-depth analysis of their latest actions to decipher their true intentions. What I uncovered was truly astonishing.

When BTC whales made a large-scale asset dump in the past, the price plummeted by 30%. Just two days ago, BlackRock's transfer of 100k BTC to multiple wallets raised eyebrows. I then set out to explore all the potential outcomes. Essentially, there are only two likely scenarios: either BlackRock will sell the BTC or they are engaged in a strategy to manipulate retail investors. Each of these scenarios comes with its own set of advantages and disadvantages.

Could BlackRock be on the verge of selling? Currently, BlackRock stands to make a substantial profit from their BTC holdings. Although they don't publicly reveal their average entry price for BTC, by looking at the period when they were accumulating BTC in their wallets, it appears that the price ranged from $30,000 to $40,000 per coin.

Most of us recall the instances when Germany and MT Gox liquidated their BTC holdings. They sold a staggering $9 billion worth of BTC, which caused the price to drop from $72,000 to $54,000. However, it's important to note that the price decline wasn't solely due to their selling. Given that BTC has a daily trading volume of $20 billion, a $9 billion dump shouldn't have led to a 25% decrease. The real culprit was the panic among retail investors, which triggered a massive sell-off by them.

In the last week, a growing number of people have started to have faith in the current bull run. Even in the case of BTC, there have been a significant number of buy orders in the $100,000 range. This could potentially be an opportune moment for market players to weed out those with weak investment stances.

These recent BTC transfers by BlackRock could also be construed as an attempt to manipulate retail investors. Yesterday, they disclosed the percentage of BTC that their investors should own. This is the first time they have informed their clients about direct crypto ownership. If they were to offload BTC into their own clients' accounts, it could potentially damage their reputation.

In summary, it's not an ideal time to enter the market at present. The market is likely to maintain its bullish trend, but we can expect to see a considerable number of sell-offs. New and more favorable entry opportunities will emerge in due course. It's advisable not to rush into things and to continuously strive to enhance our market understanding.

Thank you for reading!
#BTC☀ #BTC500K #BTC1000K