5 Crypto Sites that will save your life and save you time.
1- Metamask - The Fox that everyone knows.
It's not exactly a website, it's a crypto wallet, which is essential for you to have if you want to truly interact with the crypto world and keep your cryptos safe.
2- CoinGecko - The Information Gecko
In addition to providing updated prices and market values, the website also features fundamental indicators and important data on DeFi tokens.
3- DefiLlama - The Llama that everyone likes.
This site provides a wide range of information about projects. The main information is about "how much money is circulating within that respective project".
My first cryptocurrency was Bitcoin. I saw an article on Facebook and thought about buying it. I went there with my humble R$50 and bought it. Those R$50 turned into R$22,000. I became addicted to buying cryptocurrencies.
A trader managed to turn an initial investment of 0.4 SOL (around $90) into a profit of 3,600,000% by trading the memecoin Unicorn Fart Dust (UFD).
The journey, according to data from Lookonchain, began with the acquisition of almost 13 million UFD tokens, and in just two days, the trader made two large exchanges that consolidated his gains.
In the first trade, the trader exchanged 50,000 UFD for 13.27 wrapped SOL (wSOL), valued at over $2,800. He then made another exchange of 30,490 UFD for 7.96 wSOL, totaling approximately $1,700. The remaining UFD tokens still in the trader’s possession are estimated to be worth around $3.25 million.
How much tax does Brazil charge on cryptocurrencies!!!
Let's take as an example the hypothesis in which the individual acquired R$5,000 in bitcoin. If this amount is sold for R$50,000, income tax will be levied at a rate of 15% on the gain of R$45,000, totaling R$6,750 in tax related to the capital gain.
It is speculated that this tax will increase to 25% in 2025. This will be a blow to the Brazilian cryptocurrency market.
China's central bank just unveiled its most aggressive stimulus since the pandemic, and it will have an impact
Every time there is an expansion of liquidity, Bitcoin responds positively, below we have the white line that represents China's liquidity, and in light blue the price of Bitcoin.
Another positive point is that other central banks will also begin their expansion cycle, and Global Liquidity will eventually increase, leading to a positive impact on the price of Bitcoin.
Orange line = Liquidity Black line = Bitcoin Price
The market won't wait, spread the word by sharing this post✌️
Initial investment In 5 years CDI R$ 1.000 = R$ 1.581 Bitcoin R$ 1.000 = R$ 5.510
Bitcoin offers several advantages to investors. In addition to acting as a store of value similar to gold, it can also be seen as an independent means of payment free from government control. At the same time, the blockchain technology that underpins it makes transactions auditable and transparent.
President Lula's proposal to impose taxes on transactions with Bitcoin and other cryptocurrencies can be criticized from several perspectives:
### 1. **Impact on Cryptocurrency Adoption**
**Inhibition of Growth**: Additional fees may discourage cryptocurrency adoption, especially among small investors and new users. This could limit the industry’s growth potential and the innovation associated with blockchain technologies.
Bitcoin futures already move 15 times more than cryptocurrency; understand
Amount compares values traded on B3, with the cryptocurrency derivative, in the futures market, and bitcoin operations in Brazil in the spot market. The accumulated volume traded with Bitcoin futures contracts (BITFUT), released by the Stock Exchange on April 17, already totals R$223.3 billion, until August 20, according to data from the stock exchange. The amount is about 15 times higher than the R$14.2 billion traded in Bitcoin (BTC), in the spot market, on local exchanges in the same period, according to information from the monitor.biscoint.io platform.
Bitcoin is trading at $59,338 around 8am this morning, down 2.90% in the last 24 hours. Ethereum (ETH) and major altcoins are also trading in the negative. Cryptos with low market cap are trading mixed. Signal in crypto futures market indicates possible Bitcoin surgeOn Binance and Bitget listing day, memecoin soars 520% while Bitcoin turns bullish Cryptocurrencies follow the stock market after members of the US monetary authority show intention to start reducing the tightening.
"Signal in the crypto futures market indicates possible Bitcoin surge"
According to K33 Research, the funding rate for BTC perpetual futures contracts has reached its lowest level since March, suggesting a “short squeeze” A Bitcoin (BTC) derivatives market indicator suggests a growing risk of a “short squeeze,” a phenomenon that could trigger a sharp rise in the price of the largest cryptocurrency on the market, experts at analytics firm K33 Research said in a report.
A short squeeze occurs when the price of an asset that has been widely sold short suddenly rises, forcing short sellers to buy back the asset to limit their losses. This buyback triggers a ripple effect that quickly drives up the price.
is hovering around $58,000 reflecting a recent recovery after a period of volatility. - **Price Trends:** $BTC had a highly volatile month, with significant fluctuations influenced by [major events or news]. There was a notable recovery after a bearish period in July. - **Institutional Adoption:** In August, several large financial institutions announced new investments or partnerships with cryptocurrency platforms, reinforcing Bitcoin's legitimacy.
Bitcoin has been showing positive signs in September, reflecting a number of developments that could have a significant impact on the market. The main trend observed is the increase in institutional interest, with large investors and companies looking to add Bitcoin to their portfolios. This interest not only brings greater credibility to the cryptocurrency, but also helps to stabilize its price in the long term.
Furthermore, Bitcoin has benefited from the general recovery in financial markets, which has brought optimism and a greater willingness to invest in riskier investments. The growing adoption of cryptocurrency-based payment solutions by traditional companies has also contributed to Bitcoin’s appreciation, as it demonstrates an increasing integration with the global financial system.
Considering that this bull cycle started on November 9, 2022, when Bitcoin bottomed out after the FTX collapse, the cryptocurrency’s performance so far has been consistent with what we’ve seen in previous cycles. Based on these metrics, Bitcoin is on track for nearly 700 days of a bull market. Historically, we’ve looked at the 2015-2018 cycle, which lasted about 1050 days, and the 2018-2022 cycle, which lasted about 1280 days. If Bitcoin is in line with the four-year cycles, we can assume that we’re already past the halfway point of this current cycle.
An important tip for investing in cryptocurrencies is to **do thorough research before investing**. This includes understanding the project behind the cryptocurrency, the team involved, the technology it uses, and its market potential. Also, diversify your investments and never allocate more capital than you can afford to lose. The cryptocurrency market is highly volatile and risky, so it is essential to be well informed and prepared for volatility.
The Federal Revenue Service implemented a tax of up to 15% on profits from bitcoin (BTC) and other cryptocurrencies traded on exchanges outside Brazil, such as Binance and Coinbase, in 2023, via the Offshore Law. Now, the government wants to increase the tax to 22.5%.
This could greatly affect the cryptocurrency market in Brazil. It is no longer enough to tax our purchases, now they want to tax our businesses even more. #MarketDownturn #Binance #ethereum #bitcoin
Not being afraid of cryptocurrency fluctuations can be beneficial for several reasons:
1. **Normal Volatility**: Cryptocurrencies are known for their high volatility, meaning prices can go up and down quickly. For investors and enthusiasts, this is a natural part of the market.
2. **Long-Term Potential**: While prices may fluctuate, many believe in the long-term potential of cryptocurrencies. Blockchain technology and decentralization have solid fundamentals that can sustain the value of cryptocurrencies in the long term.
3. **Diversification**: Investing in cryptocurrencies can be a way to diversify an investment portfolio. Although volatility can be high, it can be balanced with more stable investments.