$BTC Only men who go long on BTC have a chance to get a Bugatti Right now the market is neither going up nor down Do you think it will come down? It can be said clearly that the kind of crash seen in the last bull market does not exist anymore because there were very few controlling the market back then, mainly Grayscale. Now there are so many large funds that one person cannot have the final say. If it drops below 90,000, there will be continuous funds buying it back, but it's not hard to rise to 150,000 for two reasons 1: The Trump administration's attitude towards Bitcoin is unprecedentedly supportive. During his time in office, it will definitely be positive, and it’s a positive that hasn’t materialized yet, everyone has expectations of him. 2: Many retail investors have not entered the Bitcoin market because they are afraid. This round of increase has happened too quickly, and many people are afraid of heights, all waiting for a downturn. But the more this happens, the less likely it is to come back to pick people up. Dropping to 85,000 may already be the limit, but rising is rapid.
First of all, there is a nearly 100% chance that the Ethereum ETF will be approved tonight. Both Fidelity and BlackRock have quickly resubmitted revised versions of the ETF documents in the past two days. Think about it, so many companies are asked to modify their documents by the SEC at the same time, which is definitely a prelude to approval, because if they want to reject it, they only need to reject Fidelity, which is due on May 23, instead of summoning all applicants to modify the compliance documents. Therefore, the approval of the ETF can be said to be a foregone conclusion, so any pullback during this period is your best opportunity to cover your position. However, everyone should pay attention to one thing. This time, the Ethereum ETF is unlikely to be listed on the Nasdaq the next day after approval, like the Bitcoin ETF, because this time it is really too hasty. The CSRC changed its mind temporarily under the pressure of the election, so the S1 form and the custodian may take a few extra weeks to prepare. However, Brother Xin thinks this is a very big positive, because before the ETF is officially launched (the boots have not landed), Ethereum will have a huge upward momentum, so this extension is definitely the longer the better. And on the day of listing on the Nasdaq trading, the positives will be exhausted and the real pullback will begin. So how should we operate this wave of Ethereum market? Where should we buy the bottom and sell the top? We can refer to the trend of Bitcoin ETF before and after it was approved. Bitcoin ETF was approved on the morning of January 10th, New York time, and then it surged by nearly 10%, and then took a small pullback. It was not until the next day when it was listed on the New York Stock Exchange and Nasdaq that the real positives were exhausted and began to pull back sharply. So, Ethereum will surge by 10% when it is approved tonight, and then it will pull back slightly, and then it will maintain its popularity until the ETF is officially listed on the New York Stock Exchange. The positives are exhausted, but the pullback is the pullback, and then the major Wall Street funds will enter the market. Bitcoin started a months-long increase two weeks after the pullback, and it flew directly from 38,000 to 73,000. So when it plummets, remember to bravely buy the bottom, because Ethereum's journey has just begun there, 4,000 is just the beginning, it will soar to 6,000 in two or three months, and then soar to 8,000 or even 10,000 again in the Prague upgrade at the end of the year, and then it will be the ultimate escape from the top $ETH
100% Antifreeze and Safe Withdrawal in the Cryptocurrency Circle Episode 9.5: Yiwu Self-employed Before Episode 10 of Trust Withdrawal, Mr. Gou will first update a non-mainstream withdrawal method. If you can't get a Hong Kong card and are afraid that the U card is not safe, then you can take a look at the Yiwu Self-employed Method. It is said that the personal exchange of US$50,000 is hard capped, but in fact, Yiwu has left a loophole, which is convenient for Yiwu's export husband-and-wife stores to collect foreign exchange, that is, Yiwu self-employed. The advantage is unlimited foreign exchange settlement! In fact, it is better to settle less than US$10 million per year. Find a Taobao intermediary for 300 to 500 yuan (and get some information to develop an overseas e-commerce business, it doesn't matter if you don't make money), basically 3 working days to issue a certificate, and then go to Yiwu's Chouzhou Commercial Bank to open an account (Guangzhou, Shenzhen, Qingdao, Tianjin and other places can also sign off remotely). Then you can withdraw funds from exchanges such as Kraken to your Chou Shang account via SWIFT wire transfer (you can also use a crypto-friendly bank that you opened an account online to transfer funds so that the receiving bank does not know that your money comes from the exchange, as I mentioned before), and then you can exchange unlimited US dollars for RMB. The wear and tear: 1. The transit bank charges about 5 to 7 US dollars per transaction. 2. The settlement fee is 5 RMB per 10,000 US dollars. 3. You need to purchase a quota for settlement (the market price is about 100 RMB for a quota of 10,000 US dollars. If you don’t want to buy a quota, you need to register an NRA account, but the requirements are high and will not be discussed here). The Chou Shang account supports binding to Paypal and can accept personal and corporate remittances. Accepted currencies: US dollars, euros, Australian dollars, British pounds, Japanese yen, Hong Kong dollars, rubles, won, and Canadian dollars. As for self-employed individuals, they do not need to do accounting and tax filing, but only need annual audits. Overall, the advantage is that it is reasonable and legal to withdraw funds without limit, and the disadvantage is that it can only withdraw funds but not deposit funds, and the wear and tear is greater than that of Hong Kong cards and less than that of U cards. The deposit and withdrawal tutorials that Gou has been updating are probably the most detailed and reliable in the history of the cryptocurrency circle. Don't hesitate to follow him! The 10th episode is coming soon! Forward $BTC $ETH $BNB