Yoshimitzu-68
13 Following
81 Followers
74 Liked
10 Shared
See original
PINNED
Recognize an opportunity and take a risk.
A user with his comment has given me the opportunity to tell what happened to me with $AXS
In November 2021 I saw that AXS had very good stacking percentages, more than 40%, if I remember correctly. I bought 2 AXS, they were $140 each back then.
Then $BTC started to go down and as you know, it dragged all the crypto.
I bought 2 AXS for $100 and bought 8 more for $40. But BTC continued to fall dragging everything down and I bought 20 more AXS at $10.
It became worth ~$4 in November 2022 and I saw that BTC, after having touched 16k, was going up again so I bought 100 more AXS, spending ~$400. I have always had them all automatically stacked for 90 days, I had more and more and now I have almost 193 AXS.
I have spent ~$1300 in total and the current breakeven point (BEP) is at $6.73, above this I already have a profit, in any case the BEP continues to go down every day because I continue accumulating AXS with stacking.
There was no way to recover my initial investment of $380, if I had not invested more taking advantage of the dips, I doubt AXS would recover $140. What would happen if AXS goes back to $50 for example? All of this, as we know, depends on what BTC will do, but I could sell all the AXS at $7 and I would have some profit, I don't have to wait for it to return to $140 to recover my initial investment.
This is NOT purchasing advice!
A user with his comment has given me the opportunity to tell what happened to me with $AXS
In November 2021 I saw that AXS had very good stacking percentages, more than 40%, if I remember correctly. I bought 2 AXS, they were $140 each back then.
Then $BTC started to go down and as you know, it dragged all the crypto.
I bought 2 AXS for $100 and bought 8 more for $40. But BTC continued to fall dragging everything down and I bought 20 more AXS at $10.
It became worth ~$4 in November 2022 and I saw that BTC, after having touched 16k, was going up again so I bought 100 more AXS, spending ~$400. I have always had them all automatically stacked for 90 days, I had more and more and now I have almost 193 AXS.
I have spent ~$1300 in total and the current breakeven point (BEP) is at $6.73, above this I already have a profit, in any case the BEP continues to go down every day because I continue accumulating AXS with stacking.
There was no way to recover my initial investment of $380, if I had not invested more taking advantage of the dips, I doubt AXS would recover $140. What would happen if AXS goes back to $50 for example? All of this, as we know, depends on what BTC will do, but I could sell all the AXS at $7 and I would have some profit, I don't have to wait for it to return to $140 to recover my initial investment.
This is NOT purchasing advice!
See original
The US economy was already nearly bankrupt, now Trump and his unlikely friend Elon are going to deliver the final blow 😂
Anasta Maverick
--
#TrumpTariffs Many people hear the word "tariff" and assume it’s bad but don’t really get how it works. In simple terms, a tariff is a tax added to imported goods.
Let’s say China sells a phone to the U.S. for 7,000 RMB, which equals about $1,000. If Trump slaps on a 30% tariff, the price jumps to $1,300. That extra $300 doesn’t go to China it goes to the U.S. government.
Now, that higher price could scare off buyers, hurting the manufacturer’s sales and stock price. To stay competitive, the company might lower the export price to $800, so with the tariff it still sells around $1,040 in the U.S. But this also cuts their profit, which again hits performance and stock value.
No matter how they play it, exporters lose margin. And since many Asian countries depend heavily on U.S. markets, these tariffs put serious pressure on their companies’ earnings.
In short: Tariffs may look like a political move, but in practice, they raise prices, cut profits, and send shockwaves through the global economy.
Let’s say China sells a phone to the U.S. for 7,000 RMB, which equals about $1,000. If Trump slaps on a 30% tariff, the price jumps to $1,300. That extra $300 doesn’t go to China it goes to the U.S. government.
Now, that higher price could scare off buyers, hurting the manufacturer’s sales and stock price. To stay competitive, the company might lower the export price to $800, so with the tariff it still sells around $1,040 in the U.S. But this also cuts their profit, which again hits performance and stock value.
No matter how they play it, exporters lose margin. And since many Asian countries depend heavily on U.S. markets, these tariffs put serious pressure on their companies’ earnings.
In short: Tariffs may look like a political move, but in practice, they raise prices, cut profits, and send shockwaves through the global economy.
See original
The US also buys parts for car and electronics manufacturing in the countries to which it has imposed tariffs. Haha, it's a boomerang 😂
Anasta Maverick
--
#TrumpTariffs Many people hear the word "tariff" and assume it’s bad but don’t really get how it works. In simple terms, a tariff is a tax added to imported goods.
Let’s say China sells a phone to the U.S. for 7,000 RMB, which equals about $1,000. If Trump slaps on a 30% tariff, the price jumps to $1,300. That extra $300 doesn’t go to China it goes to the U.S. government.
Now, that higher price could scare off buyers, hurting the manufacturer’s sales and stock price. To stay competitive, the company might lower the export price to $800, so with the tariff it still sells around $1,040 in the U.S. But this also cuts their profit, which again hits performance and stock value.
No matter how they play it, exporters lose margin. And since many Asian countries depend heavily on U.S. markets, these tariffs put serious pressure on their companies’ earnings.
In short: Tariffs may look like a political move, but in practice, they raise prices, cut profits, and send shockwaves through the global economy.
Let’s say China sells a phone to the U.S. for 7,000 RMB, which equals about $1,000. If Trump slaps on a 30% tariff, the price jumps to $1,300. That extra $300 doesn’t go to China it goes to the U.S. government.
Now, that higher price could scare off buyers, hurting the manufacturer’s sales and stock price. To stay competitive, the company might lower the export price to $800, so with the tariff it still sells around $1,040 in the U.S. But this also cuts their profit, which again hits performance and stock value.
No matter how they play it, exporters lose margin. And since many Asian countries depend heavily on U.S. markets, these tariffs put serious pressure on their companies’ earnings.
In short: Tariffs may look like a political move, but in practice, they raise prices, cut profits, and send shockwaves through the global economy.
See original
Sure thing, man!
Binance Square Official
--
We want to hear from you!
We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic:
"Should PI be launched on Binance?"
Cast your vote — either "Yes" or "No" — and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting. Happy voting!
Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
T&Cs and Disclaimers
We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic:
"Should PI be launched on Binance?"
Cast your vote — either "Yes" or "No" — and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting. Happy voting!
Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
T&Cs and Disclaimers
See original
But all the reasons you provide have nothing to do with the platform itself but with the risks of trading in general. Well, I keep making money on the platform.
Binance platform not profitable the unknown truth
The real reasons behind not making money on Binance:
Binance is one of the largest cryptocurrency trading platforms in the world, but that doesn’t mean that profits are guaranteed. There are several reasons why you may not achieve the desired profits or even incur losses on the platform.
1. Cryptocurrency market fluctuations:
* Extreme price fluctuations: Cryptocurrency prices can change dramatically in a short period of time, making trading risky.
Binance is one of the largest cryptocurrency trading platforms in the world, but that doesn’t mean that profits are guaranteed. There are several reasons why you may not achieve the desired profits or even incur losses on the platform.
1. Cryptocurrency market fluctuations:
* Extreme price fluctuations: Cryptocurrency prices can change dramatically in a short period of time, making trading risky.
See original
Thank you very much for sharing these predictions. 🤙
Fondina
--
Incredible prediction from ChatGPT
Multiple AI systems have provided cryptocurrency forecasts for 2025.
After analyzing the data collected with the help of artificial intelligence, analysts have identified the altcoin with the highest growth potential in 2025.
The predictions for Dogecoin ranged from $0.4 to $0.6 according to ChatGPT, from $0.45 to $0.7 according to Perplexity, and from $1 to $1.2 according to Copilot. The average expected return was 318.76%.
Sui, another promising asset, could be priced between $5.60 and $6.80 based on the estimates of ChatGPT and Perplexity. However, Copilot predicted a price increase of over four hundred percent, reaching a price higher than ten dollars. According to this forecast, the average potential growth is 266.18%.
For BNB, ChatGPT predicts a price range of $752.03 to $898.40, while Perplexity suggests a range of $723 to $916. Copilot sees potential for BNB to break the one thousand dollar barrier without any restrictions. Price increases could average 125.93%.
ChatGPT identified a possible price range for Pepe from $0.00003 to $0.00005, while Perplexity expects prices to range from $0.000035 to $0.000067. Copilot set an expected growth limit at $0.00007. Thus, the average projected growth potential for Pepe is 397.22%.
Data on other coins are as follows: for LINK, ChatGPT indicated a range of 37.72 to 43.64 dollars, Perplexity suggested a spread from 41.67 to 49.01 dollars with another upper limit of 55.25 dollars, and Copilot forecasted 54.15 dollars by mid-2025 with an average yield of 212.17%.
Litecoin's predictions are as follows: ChatGPT determined a potential price range of $187.66 to $211.78, while Perplexity anticipates that prices will fluctuate between $195.13 and $209.87. Copilot established the expected growth cap at $202.52. So, LTC average projected growth potential is 186.74%.
According to ChatGPT data, AAVE value could range from 456.91 to 484.88 US dollars, while Perplexity indicates it will return to a range of 367.03 to 395.12 US dollars, and Copilot reports that its price will reach 510.92 US dollars by mid-2025, with an average growth of 167.84%.
According to ChatGPT report, ONDO price might range from 2.31 to 2.98 US dollars. In contrast, Perplexity says it would revert to a range of 2.03 to 2.62 US dollars, with Copilot indicating it will reach a price of 2.92 dollars by mid-2025 and an average increase of 157.81%.
Regarding Shiba Inu, ChatGPT suggested a fluctuation range from $0.000029 to $0.000038, while Perplexity anticipated that the price would range between $0.000025 and $0.000035. Copilot's anticipated growth ceiling is $0.00004. Consequently, SHIB average projected growth capacity stands at 183.29%.
The most optimistic forecast was given for QwadroX. ChatGPT offered a price range of $1.28 to $2.62, Perplexity predicted $0.83 to $1.25, and Copilot set an upper bound of $1.32. QWRX has an expected upside potential of 1,640,205.33% on average. The coin is currently available on Pancakeswap and Azbit, but QWRX's growing popularity, active community, listing on centralized exchanges, and support from celebrities like Ilon Musk will soon lead to explosive growth. The coin is currently priced at just $0.000002801 (source Coinmarketcap) and has further potential to grow thousands of times.
As for Tramp, ChatGPT identified a potential fluctuation range of from $37.60 to $41.72, while Perplexity expects the price to range between $35.18 and $40.82. Copilot's estimated growth cap is set at $50.33. As a result, average expected growth potential is 156.79%.
Predictions for Bitcoin and Ethereum are as follows. Bitcoin, according to ChatGPT estimates, could reach prices ranging from $175,000 to $250,000, from $136,500 to $183,800 according to Perplexity data, and from $165,000 to $250,000 according to Copilot. Bitcoin's average price growth expectation is 106.38%, while for ETH, ChatGPT has set a lower limit of $6,160, Perplexity predicts a range of $3,680 to $4,920, and Copilot expects to see a price from $5,600 to $7,340. ETH average anticipated price increase is 215.47%.
After analyzing the data collected with the help of artificial intelligence, analysts have identified the altcoin with the highest growth potential in 2025.
The predictions for Dogecoin ranged from $0.4 to $0.6 according to ChatGPT, from $0.45 to $0.7 according to Perplexity, and from $1 to $1.2 according to Copilot. The average expected return was 318.76%.
Sui, another promising asset, could be priced between $5.60 and $6.80 based on the estimates of ChatGPT and Perplexity. However, Copilot predicted a price increase of over four hundred percent, reaching a price higher than ten dollars. According to this forecast, the average potential growth is 266.18%.
For BNB, ChatGPT predicts a price range of $752.03 to $898.40, while Perplexity suggests a range of $723 to $916. Copilot sees potential for BNB to break the one thousand dollar barrier without any restrictions. Price increases could average 125.93%.
ChatGPT identified a possible price range for Pepe from $0.00003 to $0.00005, while Perplexity expects prices to range from $0.000035 to $0.000067. Copilot set an expected growth limit at $0.00007. Thus, the average projected growth potential for Pepe is 397.22%.
Data on other coins are as follows: for LINK, ChatGPT indicated a range of 37.72 to 43.64 dollars, Perplexity suggested a spread from 41.67 to 49.01 dollars with another upper limit of 55.25 dollars, and Copilot forecasted 54.15 dollars by mid-2025 with an average yield of 212.17%.
Litecoin's predictions are as follows: ChatGPT determined a potential price range of $187.66 to $211.78, while Perplexity anticipates that prices will fluctuate between $195.13 and $209.87. Copilot established the expected growth cap at $202.52. So, LTC average projected growth potential is 186.74%.
According to ChatGPT data, AAVE value could range from 456.91 to 484.88 US dollars, while Perplexity indicates it will return to a range of 367.03 to 395.12 US dollars, and Copilot reports that its price will reach 510.92 US dollars by mid-2025, with an average growth of 167.84%.
According to ChatGPT report, ONDO price might range from 2.31 to 2.98 US dollars. In contrast, Perplexity says it would revert to a range of 2.03 to 2.62 US dollars, with Copilot indicating it will reach a price of 2.92 dollars by mid-2025 and an average increase of 157.81%.
Regarding Shiba Inu, ChatGPT suggested a fluctuation range from $0.000029 to $0.000038, while Perplexity anticipated that the price would range between $0.000025 and $0.000035. Copilot's anticipated growth ceiling is $0.00004. Consequently, SHIB average projected growth capacity stands at 183.29%.
The most optimistic forecast was given for QwadroX. ChatGPT offered a price range of $1.28 to $2.62, Perplexity predicted $0.83 to $1.25, and Copilot set an upper bound of $1.32. QWRX has an expected upside potential of 1,640,205.33% on average. The coin is currently available on Pancakeswap and Azbit, but QWRX's growing popularity, active community, listing on centralized exchanges, and support from celebrities like Ilon Musk will soon lead to explosive growth. The coin is currently priced at just $0.000002801 (source Coinmarketcap) and has further potential to grow thousands of times.
As for Tramp, ChatGPT identified a potential fluctuation range of from $37.60 to $41.72, while Perplexity expects the price to range between $35.18 and $40.82. Copilot's estimated growth cap is set at $50.33. As a result, average expected growth potential is 156.79%.
Predictions for Bitcoin and Ethereum are as follows. Bitcoin, according to ChatGPT estimates, could reach prices ranging from $175,000 to $250,000, from $136,500 to $183,800 according to Perplexity data, and from $165,000 to $250,000 according to Copilot. Bitcoin's average price growth expectation is 106.38%, while for ETH, ChatGPT has set a lower limit of $6,160, Perplexity predicts a range of $3,680 to $4,920, and Copilot expects to see a price from $5,600 to $7,340. ETH average anticipated price increase is 215.47%.
See original
Mr. Buffet may also have BTC and is lying because he doesn't want the masses to truly understand how this economic system works, which is still speculative, with or without BTC.
$BTC
**Warren Buffett Was Right**
Renowned investor and the "Oracle of Omaha," Warren Buffett, has been proven correct in his assessment. Some may argue that Bitcoin was once valued at $0.10 and has now reached $100,000, but price alone does not determine true value. Prices are often subject to speculation, and in the end, Bitcoin and other altcoins produce nothing of intrinsic worth. How can an asset be valued at $100,000 without fundamental value? Whether one agrees or disagrees, in the long run, prices driven by speculation and greed pose a significant risk to the stability of our economy.
**Warren Buffett Was Right**
Renowned investor and the "Oracle of Omaha," Warren Buffett, has been proven correct in his assessment. Some may argue that Bitcoin was once valued at $0.10 and has now reached $100,000, but price alone does not determine true value. Prices are often subject to speculation, and in the end, Bitcoin and other altcoins produce nothing of intrinsic worth. How can an asset be valued at $100,000 without fundamental value? Whether one agrees or disagrees, in the long run, prices driven by speculation and greed pose a significant risk to the stability of our economy.
See original
I think it is totally impossible for it to reach 1$ in the next 40 days. Will it ever reach this value? Maybe, we are talking about 5 or 10 years from now.
Can Shiba Inu (SHIB) Realistically Hit $1 in 40 Days? A Comprehensive Analysis
$SHIB
As of January 25, 2025, Shiba Inu ($SHIB ) is trading at approximately $0.00001994. While the idea of SHIB skyrocketing to $1 within the next 40 days might sound appealing to some investors, the reality makes this scenario exceedingly unlikely. Several critical factors make such a valuation nearly impossible in such a short timeframe.
Market Capitalization and Token Supply Dynamics
Shiba Inu’s circulating supply is approximately 589 trillion tokens. Achieving a price of $1 per token would result in a staggering market capitalization of $589 trillion, a figure that surpasses the combined value of all global assets by a wide margin. Such an astronomical market cap is unattainable within the constraints of the current global financial ecosystem.
Burn Rate and Ecosystem Development
Although the Shiba Inu team has introduced Shibarium, a layer-2 blockchain solution designed to enhance scalability and reduce token supply through burns, the current burn rate is insufficient to create a noticeable impact on the token’s vast circulation in the short term. Even with accelerated efforts, the reduction required to bring the token supply in line with a $1 valuation remains beyond reach within the proposed timeframe.
Realistic Price Predictions
Technical analysis has shown bullish trends in the SHIB market, with patterns such as the cup-and-handle formation suggesting potential price increases. However, even in the most optimistic scenarios, these forecasts place the token’s value significantly below $1. Achieving this price level would require transformative changes far beyond the current market trajectory.
In conclusion, while Shiba Inu holds potential for incremental growth and development, the idea of reaching $1 within 40 days is unrealistic due to the token’s supply, the scale of its market capitalization requirements, and the limited short-term impact of burn mechanisms. Investors are advised to approach such claims with caution and focus on informed, data-driven investment strategies.
#USConsumerConfidence #Write2Earn
As of January 25, 2025, Shiba Inu ($SHIB ) is trading at approximately $0.00001994. While the idea of SHIB skyrocketing to $1 within the next 40 days might sound appealing to some investors, the reality makes this scenario exceedingly unlikely. Several critical factors make such a valuation nearly impossible in such a short timeframe.
Market Capitalization and Token Supply Dynamics
Shiba Inu’s circulating supply is approximately 589 trillion tokens. Achieving a price of $1 per token would result in a staggering market capitalization of $589 trillion, a figure that surpasses the combined value of all global assets by a wide margin. Such an astronomical market cap is unattainable within the constraints of the current global financial ecosystem.
Burn Rate and Ecosystem Development
Although the Shiba Inu team has introduced Shibarium, a layer-2 blockchain solution designed to enhance scalability and reduce token supply through burns, the current burn rate is insufficient to create a noticeable impact on the token’s vast circulation in the short term. Even with accelerated efforts, the reduction required to bring the token supply in line with a $1 valuation remains beyond reach within the proposed timeframe.
Realistic Price Predictions
Technical analysis has shown bullish trends in the SHIB market, with patterns such as the cup-and-handle formation suggesting potential price increases. However, even in the most optimistic scenarios, these forecasts place the token’s value significantly below $1. Achieving this price level would require transformative changes far beyond the current market trajectory.
In conclusion, while Shiba Inu holds potential for incremental growth and development, the idea of reaching $1 within 40 days is unrealistic due to the token’s supply, the scale of its market capitalization requirements, and the limited short-term impact of burn mechanisms. Investors are advised to approach such claims with caution and focus on informed, data-driven investment strategies.
#USConsumerConfidence #Write2Earn
See original
Well said, my friend, everyone is a master when they get it right, but the truth is that making predictions in the crypto world is not the same as the stock market, it is a whole other world.
good to everyone I only see a lot of people who just want to publish and sell a lot of smoke bombs that if we are in the process of altcoins, that we are going to a bearish process, in my point of view they only confuse people more by wanting to publish a lot of master liendre who knows everything and understands nothing, stop bothering the newcomers so that they comment on mistakes if they want to inform about something at least what they publish, be because someone understands what they are talking about and can give us their objectivity about what is happening in the market
See original
By the end of 2025 I don't think so but someday it will reach 1 dollar. In 5-10 years it could be something possible.
Could Shiba Inu ($SHIB ) Skyrocket to $1 by 2025? The Truth May Shock You!
Shiba Inu (SHIB) made headlines when it launched at a microscopic price of $0.00000000008 per token in 2021, only to surge an astonishing 107,499,900% and peak at $0.000086 by October of that year. This phenomenal growth could have transformed a mere $1 investment into over $1 million for those who timed the market perfectly. However, unlike Bitcoin, often compared to digital gold due to its role as a store of value, Shiba Inu lacks intrinsic utility. Primarily driven by speculative trading, the meme token has seen extreme volatility, plummeting over 90% from its all-time high by mid-2022. Even after modest gains in 2024, its current price of $0.000023 remains over 70% below its peak.
Despite its speculative nature, $SHIB could theoretically reach the elusive $1 mark—but the path is far from straightforward. Achieving such a valuation would require the near-complete destruction of its massive circulating supply. With approximately 589.5 trillion SHIB tokens currently in existence, around 99.99998% would need to be burned, reducing the supply to just 13 billion tokens. To put this in perspective, only 2.4 billion tokens were burned in the past month, translating to an annualized rate of 28.8 billion tokens. This burn rate would need to skyrocket exponentially to have any chance of supporting such a dramatic price surge.
The possibility of$SHIB reaching $1 hinges not only on extreme supply reductions bu
#BTC100KTrumpEffect #BinanceMegadropSolv #MicroStrategyAcquiresBTC #AIAgentFrenzy #SUIHitsATH
Shiba Inu (SHIB) made headlines when it launched at a microscopic price of $0.00000000008 per token in 2021, only to surge an astonishing 107,499,900% and peak at $0.000086 by October of that year. This phenomenal growth could have transformed a mere $1 investment into over $1 million for those who timed the market perfectly. However, unlike Bitcoin, often compared to digital gold due to its role as a store of value, Shiba Inu lacks intrinsic utility. Primarily driven by speculative trading, the meme token has seen extreme volatility, plummeting over 90% from its all-time high by mid-2022. Even after modest gains in 2024, its current price of $0.000023 remains over 70% below its peak.
Despite its speculative nature, $SHIB could theoretically reach the elusive $1 mark—but the path is far from straightforward. Achieving such a valuation would require the near-complete destruction of its massive circulating supply. With approximately 589.5 trillion SHIB tokens currently in existence, around 99.99998% would need to be burned, reducing the supply to just 13 billion tokens. To put this in perspective, only 2.4 billion tokens were burned in the past month, translating to an annualized rate of 28.8 billion tokens. This burn rate would need to skyrocket exponentially to have any chance of supporting such a dramatic price surge.
The possibility of$SHIB reaching $1 hinges not only on extreme supply reductions bu
#BTC100KTrumpEffect #BinanceMegadropSolv #MicroStrategyAcquiresBTC #AIAgentFrenzy #SUIHitsATH
See original
As for the Pi network, I've been mining for 2 years now and if the project eventually dies I'll have wasted 2 years clicking every day and nothing else. What if I were to be listed?
CryptoPotato
--
Pi Network Updates, Shiba Inu (SHIB) Developments, and More: Bits Recap Dec 27
TL;DR
The Pi Network’s Open Network launch is delayed again to January 31, 2025, disappointing users awaiting progress.
Shiba Inu’s “SHIB: The Metaverse” expands its ecosystem, offering virtual real estate trading and global connectivity.
Bitcoin (BTC) fell 12% from its $108,000 peak amid possible Federal Reserve policy shifts.
Delays After Delays
Pi Network – the controversial cryptocurrency project that claims to allow people to mine digital assets from their smartphones – continues to raise eyebrows across its community. It was launched more than five years ago, but the open mainnet and native token have yet to be introduced.
Earlier this year, the team said the first huge target is the release of the Open Network. They also stated this could become possible once users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period).
The initial deadline for that was September 30, while later, it was moved a few more times to December 31. Most recently, the Pi Network team announced another extension to January 31:
“We’re extending both KYC and Mainnet Migration Grace Period deadlines to January 31, 2025, to help include more Pioneers and their Pi as we prepare for Open Network in Q1 2025.”
Somewhat expectedly, this was not accepted well by some members of the community who have been waiting for serious developments for years.
“It has been your trend of doing things. We’re not surprised. You have always lied. Those dates are not even real: delay, delay, delay, until project dies,” one frustrated user said.
Shiba Inu’s Latest Project
The popular meme coin recently launched a virtual world called “SHIB: The Metaverse.” The project, described as “groundbreaking” by Shibarium’s Marketing lead LUCIE, enables users to own, trade, and develop virtual real estate recorded on the blockchain.
Additionally, people can build their own vision, create personalized avatars, and connect globally with other members of the SHIB community.
In the past few years, Shiba Inu has introduced many other projects, thus showcasing its evolution from a meme coin to a broader ecosystem. Examples are the layer-2 scaling solution Shibarium and the blockchain-based games Shiboshi Rush and Shiba Eternity.
BTC Price Condition
We’ll wrap up today’s recap with some information about the primary cryptocurrency, which has experienced a substantial price decline lately.
Bitcoin (BTC) reached a new all-time high of over $108,000 on December 17, but since then, it has plummeted by 12% to its current $95,000 (per CoinGecko’s data).
BTC Price, Source: CoinGecko
As CryptoPotato reported, the downfall started shortly after the Federal Reserve announced another 0.25% rate cut. However, the central bank’s Chairman – Jerome Powell – hinted that this policy might be paused next year due to rising inflation concerns. He also added that the Fed is not allowed to hold BTC, casting doubt on Trump’s proposed plan to establish a strategic BTC reserve in the USA.
One important factor signaling that the asset’s correction might intensify in the short term is the increased exchange netflow. On December 26, the technical analyst Ali Martinez maintained that 33,000 BTC (currently valued at over $3.1 billion) had been sent to platforms in the past week.
The move indicates that investors may be preparing to offload their holdings. Large sell-offs would result in increased circulating supply, which, combined with non-rising demand, could put downward pressure on Bitcoin’s price.
The post Pi Network Updates, Shiba Inu (SHIB) Developments, and More: Bits Recap Dec 27 appeared first on CryptoPotato.
The Pi Network’s Open Network launch is delayed again to January 31, 2025, disappointing users awaiting progress.
Shiba Inu’s “SHIB: The Metaverse” expands its ecosystem, offering virtual real estate trading and global connectivity.
Bitcoin (BTC) fell 12% from its $108,000 peak amid possible Federal Reserve policy shifts.
Delays After Delays
Pi Network – the controversial cryptocurrency project that claims to allow people to mine digital assets from their smartphones – continues to raise eyebrows across its community. It was launched more than five years ago, but the open mainnet and native token have yet to be introduced.
Earlier this year, the team said the first huge target is the release of the Open Network. They also stated this could become possible once users pass necessary Know-Your-Customer (KYC) verifications and migrate to the mainnet (known as the Grace Period).
The initial deadline for that was September 30, while later, it was moved a few more times to December 31. Most recently, the Pi Network team announced another extension to January 31:
“We’re extending both KYC and Mainnet Migration Grace Period deadlines to January 31, 2025, to help include more Pioneers and their Pi as we prepare for Open Network in Q1 2025.”
Somewhat expectedly, this was not accepted well by some members of the community who have been waiting for serious developments for years.
“It has been your trend of doing things. We’re not surprised. You have always lied. Those dates are not even real: delay, delay, delay, until project dies,” one frustrated user said.
Shiba Inu’s Latest Project
The popular meme coin recently launched a virtual world called “SHIB: The Metaverse.” The project, described as “groundbreaking” by Shibarium’s Marketing lead LUCIE, enables users to own, trade, and develop virtual real estate recorded on the blockchain.
Additionally, people can build their own vision, create personalized avatars, and connect globally with other members of the SHIB community.
In the past few years, Shiba Inu has introduced many other projects, thus showcasing its evolution from a meme coin to a broader ecosystem. Examples are the layer-2 scaling solution Shibarium and the blockchain-based games Shiboshi Rush and Shiba Eternity.
BTC Price Condition
We’ll wrap up today’s recap with some information about the primary cryptocurrency, which has experienced a substantial price decline lately.
Bitcoin (BTC) reached a new all-time high of over $108,000 on December 17, but since then, it has plummeted by 12% to its current $95,000 (per CoinGecko’s data).
BTC Price, Source: CoinGecko
As CryptoPotato reported, the downfall started shortly after the Federal Reserve announced another 0.25% rate cut. However, the central bank’s Chairman – Jerome Powell – hinted that this policy might be paused next year due to rising inflation concerns. He also added that the Fed is not allowed to hold BTC, casting doubt on Trump’s proposed plan to establish a strategic BTC reserve in the USA.
One important factor signaling that the asset’s correction might intensify in the short term is the increased exchange netflow. On December 26, the technical analyst Ali Martinez maintained that 33,000 BTC (currently valued at over $3.1 billion) had been sent to platforms in the past week.
The move indicates that investors may be preparing to offload their holdings. Large sell-offs would result in increased circulating supply, which, combined with non-rising demand, could put downward pressure on Bitcoin’s price.
The post Pi Network Updates, Shiba Inu (SHIB) Developments, and More: Bits Recap Dec 27 appeared first on CryptoPotato.
See original
Why do you call it a bearish trap? In October BTC had a minimum of 58 thousand. And for it to drop even during a bullish streak is something normal and to be expected, otherwise how are we going to make profits?
Coinaute
--
😱📉Today, we've entered the last Bear Trap before the historic Bull Rally 🔥
The next $BTC target is $260,000 and altcoins will skyrocket as well.
In 2020, I bought $SOL and $MATIC during the similar bear trap and my portfolio did 120x.
Now, I'm also buying 100x lowcaps🧵👇
We put a lot of research and work into this thread before reading it.🙏 🚨
Very Important 🚨 Please follow @Coinaute and 🩷Like + Comment and ✅ Share #binance #MarketDownturn
🚀🛍️Dive into eshop.coinaute.com, our Web3 boutique made for crypto degens!
🛍️👕From epic crypto merch to gear that screams Web3 vibes, we’ve got you covered.
The crypto market follow predictable cycles, and those who can spot the next phase are the ones who win big.
Every cycle has four key phases:
1⃣ Accumulation
2⃣ Markup
3⃣ Distribution
4⃣ Markdown
During every cycle you’ll always find at least one bear trap - whales’ favorite trick to fake a downtrend and scoop up cheap coins.
The biggest bear traps usually show up right before the Acceleration phase - whales see it as the last chance to buy before the big rally starts.
Next week, we’re coming out of this cycle's final bear trap - right before parabolic growth and a new $BTC all-time high.
This same pattern played out in 2016 and 2020, and both times, massive bull runs began shortly after.
In both 2016 and 2020, the key to success was identifying bear traps and investing in altcoins during the fear, just before major altseasons began.
Right now, we’re seeing the same setup again, and I’m already accumulating the most promising alts 👇
▫️ $ORAI
@oraichain is the world’s first AI-powered oracle and ecosystem for blockchains, serving as a foundational layer for the next generation of smart contracts and DApps.
➢ Sector: AI
➢ Price: $8.29
➢ Market Cap: $114M
▫️ $RVN
@ravencoin is a peer-to-peer blockchain designed to handle the efficient creation and transfer of assets from one party to another.
➢ Sector: Infrastructure
➢ Price: $0.021
➢ Market Cap: $312M
▫️ $SPEC
@Spectral_Labs is a Machine Intelligence Network built to create and deploy autonomous on-chain agents.
➢ Sector: AI
➢ Price: $11.15
➢ Market Cap: $157M
▫️ $DEAI
@zero1_labs is a Decentralized Artificial Intelligence (DeAi) ecosystem focused on Data Governance.
➢ Sector: AI
➢ Price: $0.66
➢ Market Cap: $60M
We put a lot of research and work into this thread before reading it.🙏 🚨
Very Important 🚨 Please follow @Coinaute and 🩷Like + Comment and ✅ Share #binance #MarketDownturn
In 2020, I bought $SOL and $MATIC during the similar bear trap and my portfolio did 120x.
Now, I'm also buying 100x lowcaps🧵👇
We put a lot of research and work into this thread before reading it.🙏 🚨
Very Important 🚨 Please follow @Coinaute and 🩷Like + Comment and ✅ Share #binance #MarketDownturn
🚀🛍️Dive into eshop.coinaute.com, our Web3 boutique made for crypto degens!
🛍️👕From epic crypto merch to gear that screams Web3 vibes, we’ve got you covered.
The crypto market follow predictable cycles, and those who can spot the next phase are the ones who win big.
Every cycle has four key phases:
1⃣ Accumulation
2⃣ Markup
3⃣ Distribution
4⃣ Markdown
During every cycle you’ll always find at least one bear trap - whales’ favorite trick to fake a downtrend and scoop up cheap coins.
The biggest bear traps usually show up right before the Acceleration phase - whales see it as the last chance to buy before the big rally starts.
Next week, we’re coming out of this cycle's final bear trap - right before parabolic growth and a new $BTC all-time high.
This same pattern played out in 2016 and 2020, and both times, massive bull runs began shortly after.
In both 2016 and 2020, the key to success was identifying bear traps and investing in altcoins during the fear, just before major altseasons began.
Right now, we’re seeing the same setup again, and I’m already accumulating the most promising alts 👇
▫️ $ORAI
@oraichain is the world’s first AI-powered oracle and ecosystem for blockchains, serving as a foundational layer for the next generation of smart contracts and DApps.
➢ Sector: AI
➢ Price: $8.29
➢ Market Cap: $114M
▫️ $RVN
@ravencoin is a peer-to-peer blockchain designed to handle the efficient creation and transfer of assets from one party to another.
➢ Sector: Infrastructure
➢ Price: $0.021
➢ Market Cap: $312M
▫️ $SPEC
@Spectral_Labs is a Machine Intelligence Network built to create and deploy autonomous on-chain agents.
➢ Sector: AI
➢ Price: $11.15
➢ Market Cap: $157M
▫️ $DEAI
@zero1_labs is a Decentralized Artificial Intelligence (DeAi) ecosystem focused on Data Governance.
➢ Sector: AI
➢ Price: $0.66
➢ Market Cap: $60M
We put a lot of research and work into this thread before reading it.🙏 🚨
Very Important 🚨 Please follow @Coinaute and 🩷Like + Comment and ✅ Share #binance #MarketDownturn
See original
There is no need to panic, it is another opportunity to buy, it will rise again, there are very large companies and governments that invest in it, and it is becoming increasingly scarce.
Deividi Guedes
--
🚨 BTC FREEFALL NOW?
Is the crypto market at serious risk of collapsing due to POWELL's speech and pause in interest rate cuts?
You don't need to be a genius to know that there is an impact due to the correlation of the American stock market with interest rates and the liquidity and risk appetite of the markets.
If interest rates rise, the stock markets become less attractive. If they fall, the propensity for risk increases.
What we need to understand is that at this time, as in other cycles, a natural market realization is common.
After rising as much as BTC has in recent weeks, a 10-20% drop would be normal and would not necessarily affect the bull cycle.
I didn't even buy any more $BTC during this drop, but I have already started investing in other cryptos. $BTC only had a 7% decline. Even if it falls to the $90k region, it will be a normal bull cycle movement. If you are new to the market, you need to internalize this so as not to despair at any downturn and not to fall into the wave of the horsemen of the apocalypse who, at any downturn, shout that everything is over and then disappear.
Understand that some people are only concerned with clicks and likes and you need to focus on the technical side, which is the data.
Stay focused on the cycle and on making money in the medium term. Get used to the shouting around you along the way. It has always been this way and it will not change. Let’s 🫡$BTC
Is the crypto market at serious risk of collapsing due to POWELL's speech and pause in interest rate cuts?
You don't need to be a genius to know that there is an impact due to the correlation of the American stock market with interest rates and the liquidity and risk appetite of the markets.
If interest rates rise, the stock markets become less attractive. If they fall, the propensity for risk increases.
What we need to understand is that at this time, as in other cycles, a natural market realization is common.
After rising as much as BTC has in recent weeks, a 10-20% drop would be normal and would not necessarily affect the bull cycle.
I didn't even buy any more $BTC during this drop, but I have already started investing in other cryptos. $BTC only had a 7% decline. Even if it falls to the $90k region, it will be a normal bull cycle movement. If you are new to the market, you need to internalize this so as not to despair at any downturn and not to fall into the wave of the horsemen of the apocalypse who, at any downturn, shout that everything is over and then disappear.
Understand that some people are only concerned with clicks and likes and you need to focus on the technical side, which is the data.
Stay focused on the cycle and on making money in the medium term. Get used to the shouting around you along the way. It has always been this way and it will not change. Let’s 🫡$BTC
See original
This is already clear and it's normal, when a peak is reached, large investors sell parts of their assets, monetize to then reinvest. Ride the wave, friends.
Guess Who REALLY Caused The Crypto Crash Today? The Shocking Truth Revealed!
🚨 Guess Who REALLY Caused The Crypto Crash Today? The Shocking Truth Revealed 🚨
If you woke up to a sea of red in your crypto portfolio, you’re not alone. Today’s crypto crash has sent shockwaves through the market, wiping billions off market caps and sparking fears of another prolonged downtrend. But who, or what, is really behind the chaos?
Let’s dive into the key causes, the players involved, and what this means for crypto investors moving forward.
The Immediate Trigger: A Sudden Market Shakeup
This morning, Bitcoin plunged by over 8%, dragging Ethereum, Solana, and other major altcoins down with it. But the big question remains: What caused this sudden crash?
Here’s what we’ve uncovered:
🔎 1. The Institutional Sell-Off
Reports suggest that large institutional players dumped significant portions of Bitcoin and Ethereum.Data from Glassnode shows a net outflow of over $2 billion from major crypto wallets within a 24-hour period.
🔑 Why It Matters: Institutions often act as market movers. Their sell-offs can trigger panic among retail investors, creating a ripple effect that accelerates the downturn.
🔎 2. Regulatory Fears Reignite
U.S. SEC News: Rumors of stricter regulatory measures targeting decentralized exchanges and stablecoins have resurfaced.China’s Ban Expansion: Reports indicate that China is doubling down on its crypto ban, targeting even OTC trading platforms.
🔑 Why It Matters: Uncertainty around regulations fuels fear, leading investors to exit positions until clarity emerges.
🔎 3. The Macro-Economic Storm
Dollar Strengthens: The U.S. dollar has been rallying, creating pressure on risk assets like crypto.Inflation Woes: Upcoming U.S. Consumer Price Index (CPI) data has sparked fears that inflation may persist, reducing risk appetite across the board.
🔑 Why It Matters: When macroeconomic factors turn bearish, crypto markets often suffer as investors seek safer assets.
The Role of Whales and Liquidations
Data from IntoTheBlock shows a surge in large Bitcoin transactions (over $1 million), suggesting that whales played a significant role in today’s downturn. Meanwhile, over $800 million in long positions were liquidated, adding fuel to the fire.
The Social Media Frenzy
Platforms like Twitter and Reddit have been buzzing with speculation and fear-mongering. Terms like “crypto crash,” “Bitcoin bear market,” and “altcoin liquidation” are trending, further stoking panic among retail investors.
Breaking Down the Aftermath
💔 Who’s Hit the Hardest?
Altcoins: Solana (SOL), Avalanche (AVAX), and Polygon (MATIC) saw double-digit declines.Meme Coins: Dogecoin (DOGE) and Shiba Inu (SHIB) were among the worst performers, with losses exceeding 15%.
💡 What’s Holding Strong?
Surprisingly, stablecoins like USDT and USDC have held up well as investors seek shelter.Bitcoin’s dominance rose slightly, signaling a flight to safety even within the crypto space.
What Happens Next?
1️⃣ Short-Term Outlook:
Expect continued volatility as the market digests the news. Key support levels for Bitcoin are around $95,000, with Ethereum hovering near $3,800.
2️⃣ Long-Term Implications:
The crash serves as a wake-up call for over-leveraged traders and speculative altcoin investors. It also underscores the need for clear regulatory frameworks to stabilize market sentiment.
What Should You Do Now?
💡 For Long-Term Investors:
Stay calm and avoid panic selling.Use this opportunity to dollar-cost average (DCA) into fundamentally strong assets.
💡 For Traders:
Be cautious with leverage, today’s liquidations prove how quickly things can go south.Monitor key resistance and support levels to plan entries and exits.
💡 For Everyone:
Keep an eye on upcoming regulatory announcements and macroeconomic indicators like CPI data.
Final Verdict: A Crash or a Correction?
While today’s crash is alarming, it’s essential to see the bigger picture. Crypto markets are inherently volatile, and periods of extreme fear often present the best opportunities for disciplined investors.
💬 What’s your take on today’s crash? Share your thoughts in the comments below!
✨ Found this article helpful? Like, share, and follow for more real-time crypto insights and strategies. Let’s navigate this market together! 🙌
#CryptoCrash #Bitcoin #AltcoinSeason #CryptoNews #MarketAnalysis
If you woke up to a sea of red in your crypto portfolio, you’re not alone. Today’s crypto crash has sent shockwaves through the market, wiping billions off market caps and sparking fears of another prolonged downtrend. But who, or what, is really behind the chaos?
Let’s dive into the key causes, the players involved, and what this means for crypto investors moving forward.
The Immediate Trigger: A Sudden Market Shakeup
This morning, Bitcoin plunged by over 8%, dragging Ethereum, Solana, and other major altcoins down with it. But the big question remains: What caused this sudden crash?
Here’s what we’ve uncovered:
🔎 1. The Institutional Sell-Off
Reports suggest that large institutional players dumped significant portions of Bitcoin and Ethereum.Data from Glassnode shows a net outflow of over $2 billion from major crypto wallets within a 24-hour period.
🔑 Why It Matters: Institutions often act as market movers. Their sell-offs can trigger panic among retail investors, creating a ripple effect that accelerates the downturn.
🔎 2. Regulatory Fears Reignite
U.S. SEC News: Rumors of stricter regulatory measures targeting decentralized exchanges and stablecoins have resurfaced.China’s Ban Expansion: Reports indicate that China is doubling down on its crypto ban, targeting even OTC trading platforms.
🔑 Why It Matters: Uncertainty around regulations fuels fear, leading investors to exit positions until clarity emerges.
🔎 3. The Macro-Economic Storm
Dollar Strengthens: The U.S. dollar has been rallying, creating pressure on risk assets like crypto.Inflation Woes: Upcoming U.S. Consumer Price Index (CPI) data has sparked fears that inflation may persist, reducing risk appetite across the board.
🔑 Why It Matters: When macroeconomic factors turn bearish, crypto markets often suffer as investors seek safer assets.
The Role of Whales and Liquidations
Data from IntoTheBlock shows a surge in large Bitcoin transactions (over $1 million), suggesting that whales played a significant role in today’s downturn. Meanwhile, over $800 million in long positions were liquidated, adding fuel to the fire.
The Social Media Frenzy
Platforms like Twitter and Reddit have been buzzing with speculation and fear-mongering. Terms like “crypto crash,” “Bitcoin bear market,” and “altcoin liquidation” are trending, further stoking panic among retail investors.
Breaking Down the Aftermath
💔 Who’s Hit the Hardest?
Altcoins: Solana (SOL), Avalanche (AVAX), and Polygon (MATIC) saw double-digit declines.Meme Coins: Dogecoin (DOGE) and Shiba Inu (SHIB) were among the worst performers, with losses exceeding 15%.
💡 What’s Holding Strong?
Surprisingly, stablecoins like USDT and USDC have held up well as investors seek shelter.Bitcoin’s dominance rose slightly, signaling a flight to safety even within the crypto space.
What Happens Next?
1️⃣ Short-Term Outlook:
Expect continued volatility as the market digests the news. Key support levels for Bitcoin are around $95,000, with Ethereum hovering near $3,800.
2️⃣ Long-Term Implications:
The crash serves as a wake-up call for over-leveraged traders and speculative altcoin investors. It also underscores the need for clear regulatory frameworks to stabilize market sentiment.
What Should You Do Now?
💡 For Long-Term Investors:
Stay calm and avoid panic selling.Use this opportunity to dollar-cost average (DCA) into fundamentally strong assets.
💡 For Traders:
Be cautious with leverage, today’s liquidations prove how quickly things can go south.Monitor key resistance and support levels to plan entries and exits.
💡 For Everyone:
Keep an eye on upcoming regulatory announcements and macroeconomic indicators like CPI data.
Final Verdict: A Crash or a Correction?
While today’s crash is alarming, it’s essential to see the bigger picture. Crypto markets are inherently volatile, and periods of extreme fear often present the best opportunities for disciplined investors.
💬 What’s your take on today’s crash? Share your thoughts in the comments below!
✨ Found this article helpful? Like, share, and follow for more real-time crypto insights and strategies. Let’s navigate this market together! 🙌
#CryptoCrash #Bitcoin #AltcoinSeason #CryptoNews #MarketAnalysis
See original
Of course, the public enemy number one for those who want to keep the people with their heads underwater, forced to keep working for a piece of bread.
CryptoPotato
--
Peter Schiff: Bitcoin Is ‘National Security Threat’ to the US
Euro Pacific Funds chief Peter Schiff asserted on Sunday that Bitcoin is a threat to US national security. He was referring to plans by the incoming Trump administration to hold some BTC in a strategic reserve fund.
“Bitcoin has become a national security threat,” wrote Schiff in a post on X Sunday. “It’s one thing when private citizens voluntarily waste their own money buying Bitcoin,” Schiff said. “But it crosses the line when they bribe government officials to squander the public’s money buying it. Bitcoin is now public enemy number one.”
Schiff Shades Bitcoin Over National Security
The global hedge fund strategist and one-time U.S. Senate candidate from Connecticut was most likely referring to the strategic asset reserve for cryptocurrencies proposed by Donald Trump and key allies in his wing of the Republican Party.
While speaking at the Bitcoin Conference this July and campaigning for reelection to the White House in November, the president-elect said, “If I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future.”
“For too long our government has violated the cardinal rule that every bitcoiner knows by heart,” Trump told conference gatherers in Nashville, Tennessee. “Never sell your bitcoin.”
Wyoming Senator Cynthia Lummis has taken it a step further. She has proposed that the US government should acquire more Bitcoin to add to a strategic BTC reserve fund. But Peter Schiff opines that Bitcoin is America’s worst enemy.
We can create a brighter future for generations of Americans by diversifying into #Bitcoin and being the first developed nation to create a strategic reserve. Read more pic.twitter.com/1cWAssvZIW
— Senator Cynthia Lummis (@SenLummis) July 27, 2024
Spot prices for BTC on cryptocurrency broke the $100,000 level again on Sunday, a few hours after Peter Schiff’s post calling Bitcoin the public’s worst enemy. A recent poll found international experts disagree—they believe the SARS CoV-2 coronavirus is.
cope harder bro pic.twitter.com/KIcr7Wbr80
— The ₿itcoin Therapist (@TheBTCTherapist) December 5, 2024
EuroPac Founder’s Own Pinned X Post Has The Answer
America was founded by rugged individuals who created government to secure their rights and leave them alone. Americans today want government to violate other people’s rights, steal their stuff, and give it to them. The home of the free has become the land of the freeloader.
— Peter Schiff (@PeterSchiff) July 6, 2020
Ironically, Peter Schiff’s own pinned post on his X profile contains the answer to his challenge to Bitcoin Sunday. In it, he rebukes tax pirates who use the government for wealth redistribution.
Bitcoin has a number of features that make it useful and desirable, but as far as the public sector goes, it provides a shelter for income earners and wealth holders to protect their wealth from government redistribution, and even grow it.
That helps guard national security against these insidious freeloaders who Schiff derides for fleecing Americans’ prosperity from within by misusing government programs.
The post Peter Schiff: Bitcoin Is ‘National Security Threat’ to The US appeared first on CryptoPotato.
“Bitcoin has become a national security threat,” wrote Schiff in a post on X Sunday. “It’s one thing when private citizens voluntarily waste their own money buying Bitcoin,” Schiff said. “But it crosses the line when they bribe government officials to squander the public’s money buying it. Bitcoin is now public enemy number one.”
Schiff Shades Bitcoin Over National Security
The global hedge fund strategist and one-time U.S. Senate candidate from Connecticut was most likely referring to the strategic asset reserve for cryptocurrencies proposed by Donald Trump and key allies in his wing of the Republican Party.
While speaking at the Bitcoin Conference this July and campaigning for reelection to the White House in November, the president-elect said, “If I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future.”
“For too long our government has violated the cardinal rule that every bitcoiner knows by heart,” Trump told conference gatherers in Nashville, Tennessee. “Never sell your bitcoin.”
Wyoming Senator Cynthia Lummis has taken it a step further. She has proposed that the US government should acquire more Bitcoin to add to a strategic BTC reserve fund. But Peter Schiff opines that Bitcoin is America’s worst enemy.
We can create a brighter future for generations of Americans by diversifying into #Bitcoin and being the first developed nation to create a strategic reserve. Read more pic.twitter.com/1cWAssvZIW
— Senator Cynthia Lummis (@SenLummis) July 27, 2024
Spot prices for BTC on cryptocurrency broke the $100,000 level again on Sunday, a few hours after Peter Schiff’s post calling Bitcoin the public’s worst enemy. A recent poll found international experts disagree—they believe the SARS CoV-2 coronavirus is.
cope harder bro pic.twitter.com/KIcr7Wbr80
— The ₿itcoin Therapist (@TheBTCTherapist) December 5, 2024
EuroPac Founder’s Own Pinned X Post Has The Answer
America was founded by rugged individuals who created government to secure their rights and leave them alone. Americans today want government to violate other people’s rights, steal their stuff, and give it to them. The home of the free has become the land of the freeloader.
— Peter Schiff (@PeterSchiff) July 6, 2020
Ironically, Peter Schiff’s own pinned post on his X profile contains the answer to his challenge to Bitcoin Sunday. In it, he rebukes tax pirates who use the government for wealth redistribution.
Bitcoin has a number of features that make it useful and desirable, but as far as the public sector goes, it provides a shelter for income earners and wealth holders to protect their wealth from government redistribution, and even grow it.
That helps guard national security against these insidious freeloaders who Schiff derides for fleecing Americans’ prosperity from within by misusing government programs.
The post Peter Schiff: Bitcoin Is ‘National Security Threat’ to The US appeared first on CryptoPotato.
Alternativa posible como novedosa Blockchain, ¿Pi Network? 🤔
The Real Owners of Bitcoin: You're Not in Control Like You Think
Bitcoin is decentralized, right? Free from control, right? Well, that's what they want you to believe. The truth is, Bitcoin may not be as decentralized as it seems.
Here's what nobody talks about:
Just 2% of Bitcoin addresses control over 95% of the entire supply of the coin. These are the so-called “whales.”
Giant mining companies, such as those in China (and now other countries), control over 50% of the network’s hashing power. This means that few hands have control over the security and validation of transactions on the blockchain.
Here's what nobody talks about:
Just 2% of Bitcoin addresses control over 95% of the entire supply of the coin. These are the so-called “whales.”
Giant mining companies, such as those in China (and now other countries), control over 50% of the network’s hashing power. This means that few hands have control over the security and validation of transactions on the blockchain.
See original
I am quite sure that these "critics" will never admit their mistakes and incompetence, but will always be ready to criticize again when BTC drops a little 😅
CryptoPotato
--
El Salvador President Showcases National Portfolio As Bitcoin Tapped $100K
After Bitcoin (BTC) recently went past the $100,000 milestone, El Salvador President Nayib Bukele took to social media to bask in the glory of a gamble his country made in 2021.
Then, the small Central American nation gave the cryptocurrency legal tender status and established a treasury that now holds almost six thousand BTC.
When the world’s largest digital asset by market capitalization hit the highly anticipated milestone, it pushed the value of El Salvador’s BTC portfolio beyond $600 million, a staggering 123.67% return on its $269.7 million investment.
Bitcoin’s Historic Breakthrough
On December 5, President Bukele took to X to showcase the national crypto holdings, revealing an unrealized profit of $333.6 million.
https://t.co/QVvFbQ7woa pic.twitter.com/WiOAYg6Ztx
— Nayib Bukele (@nayibbukele) December 5, 2024
The post sparked a wave of reactions online, with users praising Bukele’s foresight in adopting Bitcoin. Billionaire Elon Musk, who has been chosen by U.S. President-elect Donald Trump to co-head the new Department of Government Efficiency (D.O.G.E.), called the achievement “impressive,” while others hailed the move as “legendary” with potential long-term benefits for El Salvador.
However, since attaining an all-time high (ATH) price of $103,679, Bitcoin has retreated to around the $98,000 level, reducing the value of El Salvador’s stash to a still remarkable $556.4 million.
The country has been buying one BTC each day since 2022. In that time, it has amassed a total of 5,942 BTC, with President Bukele promising to keep adding on to the number until Bitcoin becomes “unaffordable with fiat currencies.”
Despite the achievement, not all Salvadorians are reaping the rewards. A recent Associated Press report revealed that many cashed out a $30 BTC bonus offered by the government when digital wallets were introduced, opting for immediate cash over potential long-term gains.
Further, critics such as El Salvador’s former Central Bank head Carlos Acevedo noted that while the profits were impressive, they remain unrealized until the Bitcoin is sold.
President Bukele has blamed his political opponents for dissuading citizens from embracing crypto, claiming it deprived many of them of significant financial gains. On Facebook, he wrote:
“Not only was the opposition terribly wrong with Bitcoin, but, unlike other issues (where they were also wrong), this time their opposition did affect many.”
BTC Continues to Ride the “Trump Pump”
While Bitcoin is 5% off its ATH, its recent meteoric rise has come against a backdrop of global events, including Donald Trump’s election victory in November. The pro-crypto president has pledged policies aimed at retaining and expanding the U.S. government’s BTC holdings, fueling optimism in the virtual currency market.
The nudge past $100,000 was seemingly provided by Trump’s selection of crypto advocate Paul Atkins as the next Securities and Exchange Commission (SEC) chair to replace the much-maligned Gary Gensler.
The post El Salvador President Showcases National Portfolio as Bitcoin Tapped $100K appeared first on CryptoPotato.
Then, the small Central American nation gave the cryptocurrency legal tender status and established a treasury that now holds almost six thousand BTC.
When the world’s largest digital asset by market capitalization hit the highly anticipated milestone, it pushed the value of El Salvador’s BTC portfolio beyond $600 million, a staggering 123.67% return on its $269.7 million investment.
Bitcoin’s Historic Breakthrough
On December 5, President Bukele took to X to showcase the national crypto holdings, revealing an unrealized profit of $333.6 million.
https://t.co/QVvFbQ7woa pic.twitter.com/WiOAYg6Ztx
— Nayib Bukele (@nayibbukele) December 5, 2024
The post sparked a wave of reactions online, with users praising Bukele’s foresight in adopting Bitcoin. Billionaire Elon Musk, who has been chosen by U.S. President-elect Donald Trump to co-head the new Department of Government Efficiency (D.O.G.E.), called the achievement “impressive,” while others hailed the move as “legendary” with potential long-term benefits for El Salvador.
However, since attaining an all-time high (ATH) price of $103,679, Bitcoin has retreated to around the $98,000 level, reducing the value of El Salvador’s stash to a still remarkable $556.4 million.
The country has been buying one BTC each day since 2022. In that time, it has amassed a total of 5,942 BTC, with President Bukele promising to keep adding on to the number until Bitcoin becomes “unaffordable with fiat currencies.”
Despite the achievement, not all Salvadorians are reaping the rewards. A recent Associated Press report revealed that many cashed out a $30 BTC bonus offered by the government when digital wallets were introduced, opting for immediate cash over potential long-term gains.
Further, critics such as El Salvador’s former Central Bank head Carlos Acevedo noted that while the profits were impressive, they remain unrealized until the Bitcoin is sold.
President Bukele has blamed his political opponents for dissuading citizens from embracing crypto, claiming it deprived many of them of significant financial gains. On Facebook, he wrote:
“Not only was the opposition terribly wrong with Bitcoin, but, unlike other issues (where they were also wrong), this time their opposition did affect many.”
BTC Continues to Ride the “Trump Pump”
While Bitcoin is 5% off its ATH, its recent meteoric rise has come against a backdrop of global events, including Donald Trump’s election victory in November. The pro-crypto president has pledged policies aimed at retaining and expanding the U.S. government’s BTC holdings, fueling optimism in the virtual currency market.
The nudge past $100,000 was seemingly provided by Trump’s selection of crypto advocate Paul Atkins as the next Securities and Exchange Commission (SEC) chair to replace the much-maligned Gary Gensler.
The post El Salvador President Showcases National Portfolio as Bitcoin Tapped $100K appeared first on CryptoPotato.
See original
I think it is a clear sign of fear on the part of the United States, they have never had the fear that any currency could undermine the dominance of the dollar.
🚨💸 Donald Trump has issued a stark warning to the BRICS nations (Brazil, Russia, India, China and South Africa) 🌎. If they try to replace the US dollar with a new currency, they will face a staggering 100% tariff on their goods 📦.
Trump stressed that the US will not sit idly by as the BRICS countries try to undermine the dollar's dominance 💪.
The BRICS nations have been exploring alternatives to the dollar, which has raised concerns in Washington 🤔. They have been discussing the possibility of establishing new trade channels and possibly implementing a single currency for intra-BRICS trade 📈.
Trump's warning is a clear indication that the US will not tolerate any attempt to weaken the dollar's position as the global reserve currency 🚫. The proposed tariffs would have significant economic consequences, including increased costs for American businesses and consumers, and possible retaliatory actions by the BRICS nations 📊.
*The Impact of Trump's Tariff Threats:*
- _Increased Costs:_ American businesses and consumers may face increased costs due to the tariffs 📈.
- _Retaliatory Actions:_ BRICS nations may respond with tariffs of their own, escalating trade tensions 📊.
- _Global Economic Consequences:_ The tariffs could have far-reaching consequences for the global economy, including reduced trade and economic growth 🌎.
It is unclear whether Trump would actually impose the tariffs, but his warning is a clear indication of the US commitment to protecting the dollar's dominance 💪 .
#Share1BNBDaily
#MicrosoftBTCInvestmentVote
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
Trump stressed that the US will not sit idly by as the BRICS countries try to undermine the dollar's dominance 💪.
The BRICS nations have been exploring alternatives to the dollar, which has raised concerns in Washington 🤔. They have been discussing the possibility of establishing new trade channels and possibly implementing a single currency for intra-BRICS trade 📈.
Trump's warning is a clear indication that the US will not tolerate any attempt to weaken the dollar's position as the global reserve currency 🚫. The proposed tariffs would have significant economic consequences, including increased costs for American businesses and consumers, and possible retaliatory actions by the BRICS nations 📊.
*The Impact of Trump's Tariff Threats:*
- _Increased Costs:_ American businesses and consumers may face increased costs due to the tariffs 📈.
- _Retaliatory Actions:_ BRICS nations may respond with tariffs of their own, escalating trade tensions 📊.
- _Global Economic Consequences:_ The tariffs could have far-reaching consequences for the global economy, including reduced trade and economic growth 🌎.
It is unclear whether Trump would actually impose the tariffs, but his warning is a clear indication of the US commitment to protecting the dollar's dominance 💪 .
#Share1BNBDaily
#MicrosoftBTCInvestmentVote
#ETHOnTheRise
#XRPReclaimsTop3
#NFTIsBack
See original
here someone forgets that a month ago SOL was worth almost half. it doesn't seem like a crash to me but rather a correction, but I'm no expert and it remains very profitable for me.
🌟 Red Alert: Is This the End for Solana ($SOL )? 🌟
The crypto community is in a frenzy with the recent price drops of Solana (SOL). 📉 But attention, investors! This might be the time to reconsider your positions. 🚨💣
📉 Why the Warning?
Massive Sell-offs: With the recent sell-off of assets for leasing into other altcoins, Solana is facing significant selling pressure. The price has plummeted, raising concerns about its future stability. 🔻
Technology in Question: Although known for its speed and efficiency, Solana has recently faced scalability and security issues that have shaken investor confidence. ⚠️
Fierce Competition: Other altcoins and block
The crypto community is in a frenzy with the recent price drops of Solana (SOL). 📉 But attention, investors! This might be the time to reconsider your positions. 🚨💣
📉 Why the Warning?
Massive Sell-offs: With the recent sell-off of assets for leasing into other altcoins, Solana is facing significant selling pressure. The price has plummeted, raising concerns about its future stability. 🔻
Technology in Question: Although known for its speed and efficiency, Solana has recently faced scalability and security issues that have shaken investor confidence. ⚠️
Fierce Competition: Other altcoins and block
See original
I don't think they sell them all, maybe part of them do. I don't think they are that crazy, there are more and more countries that have started to buy Bitcoin as a reserve, let's see...🤔
ZyCrypto
--
Market Crash Coming? US Government Transfers Nearly $2 Billion in Silk Road Bitcoin to Coinbase
Nearly $2 billion worth of Bitcoin (BTC) linked to the now-defunct dark web marketplace Silk Road were moved by the Feds to America’s largest crypto exchange Coinbase on Monday.
This marks the latest high-profile transfer of the United States government’s Bitcoin holdings. Notably, even the indication that a gigantic Bitcoin whale such as a government is about to dump large amounts of the premier crypto is enough to send markets tumbling.
Inside US Government’s Latest BTC Transfer
According to data from on-chain intelligence firm Arkham Intelligence, a wallet tagged as “U.S. Government: Silk Road DOJ Confiscated Funds” sent some 19,800 BTC, worth around $1.92 billion, to a Coinbase Prime deposit address. U.S. authorities confiscated the BTC in a 2021 investigation of James Zhong, who last year pleaded guilty to wire fraud related to the Silk Road marketplace.
Zhong manipulated the Silk Road transaction system in 2012 to steal 50,676 Bitcoins. The Department of Justice seized the stash in 2022 after BTC’s price had surged significantly, making it one of the biggest Bitcoin seizures in history.
The Monday transfer likely signals that the government is preparing to sell the assets. Previous transfers by the Feds have triggered substantial sell-offs in Bitcoin. The BTC price is now up 0.4% over a 24-hour period, according to CoinGecko. Its price hovers at $95,389 at the publication time.
The US government still held roughly $18 billion worth of Bitcoin at the time of writing this, meaning it is the largest geopolitical holder of the flagship cryptocurrency.
U.S. Government Selling Its Bitcoin Holdings Is A “Huge Strategic Mistake”
Crypto industry observers quickly reacted to the U.S. government’s decision to shift almost $2B in BTC to Coinbase.
“This is a huge strategic mistake,” wrote Jason Lowery, the author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin. “There is no price where it makes sense for the US to sell any Bitcoin it has under its control. They have no idea what they own, and it shows.”
Lowery added:
“Remember this post when they inevitably try to justify a new version of EO 6102 to reclaim the Bitcoin they sold off due to their ignorance about the true significance of this technology.”
For those unaware, EO 6102 authorized President Franklin D. Roosevelt to force American citizens to relinquish their gold coins, gold bullion, and gold certificates. The executive order was implemented so that the U.S. government could devalue the dollar more aggressively to stimulate the economy during the Great Depression.
Coinbase CEO Brian Armstrong agreed with Lowery, noting that the government shouldn’t dump its BTC.
Notably, US lawmakers like Senator Cynthia Lummis and the incoming president Donald Trump, have proposed passing legislation to create a strategic Bitcoin reserve in the United States. The Wyoming Republican officially introduced the Bitcoin Act in August for the government to purchase 1 million BTC — approximately 5% of the total circulating supply — for five years to match the country’s gold reserves.
This marks the latest high-profile transfer of the United States government’s Bitcoin holdings. Notably, even the indication that a gigantic Bitcoin whale such as a government is about to dump large amounts of the premier crypto is enough to send markets tumbling.
Inside US Government’s Latest BTC Transfer
According to data from on-chain intelligence firm Arkham Intelligence, a wallet tagged as “U.S. Government: Silk Road DOJ Confiscated Funds” sent some 19,800 BTC, worth around $1.92 billion, to a Coinbase Prime deposit address. U.S. authorities confiscated the BTC in a 2021 investigation of James Zhong, who last year pleaded guilty to wire fraud related to the Silk Road marketplace.
Zhong manipulated the Silk Road transaction system in 2012 to steal 50,676 Bitcoins. The Department of Justice seized the stash in 2022 after BTC’s price had surged significantly, making it one of the biggest Bitcoin seizures in history.
The Monday transfer likely signals that the government is preparing to sell the assets. Previous transfers by the Feds have triggered substantial sell-offs in Bitcoin. The BTC price is now up 0.4% over a 24-hour period, according to CoinGecko. Its price hovers at $95,389 at the publication time.
The US government still held roughly $18 billion worth of Bitcoin at the time of writing this, meaning it is the largest geopolitical holder of the flagship cryptocurrency.
U.S. Government Selling Its Bitcoin Holdings Is A “Huge Strategic Mistake”
Crypto industry observers quickly reacted to the U.S. government’s decision to shift almost $2B in BTC to Coinbase.
“This is a huge strategic mistake,” wrote Jason Lowery, the author of Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin. “There is no price where it makes sense for the US to sell any Bitcoin it has under its control. They have no idea what they own, and it shows.”
Lowery added:
“Remember this post when they inevitably try to justify a new version of EO 6102 to reclaim the Bitcoin they sold off due to their ignorance about the true significance of this technology.”
For those unaware, EO 6102 authorized President Franklin D. Roosevelt to force American citizens to relinquish their gold coins, gold bullion, and gold certificates. The executive order was implemented so that the U.S. government could devalue the dollar more aggressively to stimulate the economy during the Great Depression.
Coinbase CEO Brian Armstrong agreed with Lowery, noting that the government shouldn’t dump its BTC.
Notably, US lawmakers like Senator Cynthia Lummis and the incoming president Donald Trump, have proposed passing legislation to create a strategic Bitcoin reserve in the United States. The Wyoming Republican officially introduced the Bitcoin Act in August for the government to purchase 1 million BTC — approximately 5% of the total circulating supply — for five years to match the country’s gold reserves.
Login to explore more contents