Thursday, 20 March 2025

Crypto freefalling?


 The cryptocurrency market is currently experiencing mixed trends. While some cryptocurrencies like Bitcoin and Ethereum have shown slight recoveries recently, the overall market sentiment remains cautious due to earlier declines2. Bitcoin, for instance, dropped to $76,000 earlier this month but has since rebounded to around $85,6982.


On the other hand, the U.S. stock market has been relatively stable, with indices like the S&P 500 and Nasdaq showing gains following the Federal Reserve's decision to maintain interest rates4. This has provided a boost to investor confidence, unlike the earlier volatility seen in the crypto market.


So, while both markets have faced challenges, the U.S. stock market seems to be on a steadier path compared to the more volatile cryptocurrency market.

Friday, 14 February 2025

Trumps meme coin scam?

 More Than 800K Have Lost $2B on Trump’s Meme Coin

President Donald Trump’s cryptocurrency, called $Trump, has cost investors billions. Trump announced the launch of his meme coin—a type of cryptocurrency that features Internet memes or celebrity mascots—just three days before his inauguration. “Join my very special Trump Community. GET YOUR $TRUMP NOW,” he wrote on TruthSocial. The opening sale for one of the 5,971,750 tokens was just 18 cents, but it quickly surged to $75. Early traders who purchased the meme coins within minutes walked away with profits, with the earliest trader making a two-day profit of $109 million, according to an analysis by the New York Times. But the price of $Trump has since plummeted to about $17, costing a far larger group cumulative losses of $2 billion.

Who's dumb enough to buy a meme coin and think yes this will be valuable? 

800,000 morons who will most likely still vote for him, because they're morons. 

There have been several conspiracy theories and concerns regarding the $TRUMP meme coin being a potential pay-off or a way for Trump to profit from his supporters. Critics argue that the coin could serve as a vehicle for bribery and conflicts of interest, allowing Trump to receive financial benefits from foreign adversaries or prioritize his personal interests1.

Some key points of these concerns include:

  • Ownership and Control: Trump's companies own a significant portion of the coin's supply, giving them the power to influence its price.
  • Ethical Concerns: The launch of the coin has raised ethical questions about potential conflicts of interest, especially given Trump's pro-crypto stance and promises to deregulate the industry.
  • Potential for Corruption: Critics worry that the coin could be used for direct bribery or to benefit Trump financially at the expense of the public.

It's important to note that these are allegations and concerns raised by critics, and there hasn't been any concrete evidence to support these claims. However, the controversy surrounding the coin highlights the need for transparency and ethical considerations in the cryptocurrency space.

Friday, 31 January 2025

The end is near

 


Every time Forbes has published a major story about crypto influencers, the end has been near. 

Now Forbes has published story about Michael Saylor.

He's been quite a prominent figure in the crypto world, especially with his company MicroStrategy's massive Bitcoin investments. The article titled "The Bitcoin Alchemist" highlights how he turned his company into a Bitcoin giant with over 471,000 BTC in its treasury.

As for the trend, it seems like Forbes often publishes stories about crypto influencers around the time when the crypto market is experiencing significant changes, such as the end of a bull cycle. These stories can sometimes be seen as indicators or reflections of the market's state.

Investing in crypto during a bear market can be challenging, but there are strategies to help you navigate this period and potentially come out ahead. Here are some tips:


  1. Stay Calm and Avoid Emotional Decisions: Market downturns can trigger fear and panic, leading to impulsive decisions. Stick to your long-term strategy and remember that bear markets are temporary phases.
  2. Dollar-Cost Averaging (DCA): Invest a fixed amount regularly, regardless of the market’s condition. This strategy helps mitigate the impact of volatility and lowers the average purchase price over time.
  3. Diversify Your Portfolio: Don’t put all your investments into a single cryptocurrency. Diversifying across different assets helps reduce risk and ensures that losses in one coin can be offset by gains in another.
  4. Accumulate Blue-Chip Cryptocurrencies: Prioritize established and reputable cryptocurrencies like Bitcoin and Ethereum. These assets tend to recover faster and hold their value better than smaller, less-known altcoins.
  5. Buy the Dip: Take advantage of lower prices by buying digital assets at a discount. This long-term investment strategy can pay off when the market recovers.
  6. Use Stop-Loss Orders: Protect your portfolio by setting stop-loss orders to automatically sell assets when prices fall below a set level. This minimizes losses and preserves capital.
  7. Review and Adjust Your Portfolio: Regularly review your portfolio to identify weak spots and make adjustments to minimize losses. This practice is essential in both bullish and bearish conditions.
  8. Consider Short-Selling: If you're experienced and comfortable with higher risk, short-selling can be a strategy to profit from falling prices. However, it's important to remember that this is a risky strategy and should be approached with caution.


Remember, only invest what you can afford to lose, and always stay informed about market trends and news. Do you have any specific cryptocurrencies in mind that you're considering investing in?

Friday, 17 January 2025

When will BTC hit $200,000

Predicting the exact timeline for Bitcoin (BTC) to hit $200,000 is challenging due to the volatile nature of the cryptocurrency market. However, based on historical trends and current predictions, some analysts believe that BTC could reach $200,000 by late 2025 or early 2026.

Several factors could influence this timeline:

Bitcoin Halving: Historically, Bitcoin halvings have led to significant price increases due to the reduced supply of new Bitcoins.

Institutional Adoption: Increased interest and investment from institutional investors could drive up demand and prices.

Regulatory Clarity: Clearer regulations and government support for cryptocurrencies could boost market confidence and prices.

Market Sentiment: Positive market sentiment and broader acceptance of Bitcoin as a legitimate asset could also contribute to its growth.

While these factors are promising, it's important to remember that cryptocurrency markets are highly unpredictable. It's always a good idea to stay informed and cautious when investing.

Friday, 10 January 2025

Cryptocurrency predictions for 2025

Cryptocurrency predictions for 2025 are quite exciting and varied! Here are some key trends and predictions:

Bitcoin's Growth: Bitcoin is expected to reach new heights, with some predictions suggesting it could hit $200,000. Factors like the Bitcoin halving in 2024 and increased institutional demand through exchange-traded funds (ETFs) are driving this optimism.

Altcoin Season: 2025 is anticipated to be the biggest altcoin season in crypto history. After Bitcoin's rally, capital is expected to flow into smaller cryptocurrencies, potentially leading to significant price surges for altcoins.

Ethereum's Expansion: Ethereum is projected to trade between $2,670 and $5,990, with a potential to reach $6,660 if bullish momentum continues. Advancements in Ethereum 2.0 and increased adoption of decentralized finance (DeFi) are key drivers.

Stablecoin Growth: The use of stablecoins is expected to expand, providing more stability and utility in the crypto market.

Emerging Cryptocurrencies: Some specific cryptocurrencies like Solana, Dogecoin, and Shiba Inu are predicted to see substantial growth. Solana might reach $800, Dogecoin could hit $1, and Shiba Inu might climb to $0.01.

AI and Blockchain Integration: The intersection of artificial intelligence (AI) and blockchain technology is expected to take center stage, with projects like Ozak AI leveraging this integration for real-time insights and transactions.

These predictions are speculative and subject to market conditions, regulatory changes, and technological advancements. It's always a good idea to stay informed and cautious when investing in cryptocurrencies.

Wednesday, 11 December 2024

New All Time High for BTC



Bitcoin's recent all-time high (ATH) of $104,698 on December 5, 2024, was driven by several key factors. The introduction of spot Bitcoin ETFs in the United States played a significant role, as these funds required continuous accumulation of actual BTC to meet demand, creating relentless buy pressure1. Major financial institutions like BlackRock, Fidelity, Grayscale, and Ark Invest launched their own spot Bitcoin funds, making it easier for institutional investors to gain exposure to BTC. This regulatory approval brought much-needed respectability back to the crypto markets, especially after the 2022 custodial collapses.

Additionally, the US election results and positive market sentiment around a potential Republican victory boosted investor confidence. Institutional inflows reached $2.2 billion in the week leading up to the ATH, with political optimism playing a major role. Analysts remain optimistic about Bitcoin's future, with predictions of it potentially reaching $200,000 by the end of 2025. This new ATH marks a significant milestone for Bitcoin, reinforcing its position as the leading cryptocurrency by market capitalization.

Bitcoin's all-time high (ATH) often has a significant impact on other cryptocurrencies, commonly referred to as "altcoins." When Bitcoin performs well, it tends to create a positive market sentiment that can spill over into the altcoin market. This phenomenon is known as the "Bitcoin effect," where the rise in Bitcoin's value often leads to increased interest and investment in altcoins.

Investors who see substantial gains in Bitcoin may decide to diversify their portfolios by investing in altcoins, hoping to achieve even higher returns. This can lead to what is known as "altseason," where altcoins outperform Bitcoin for a period1. However, it's important to note that not all altcoins benefit equally; those with strong fundamentals and active development teams tend to perform better, while others may lag behind.

Sunday, 20 October 2024

Back with the surveys

 

I have been doing surveys lately quite a lot and there is also a new survey supplier at the Timewall.

So I am doing 5th day in a row. Quite easy and short surveys too. 

Cashing in a few days at Freecash.com. There are much more in Freecash to do, but I spend most of my time doing Timewall surveys as it pays way better. 

And while I am doing these surveys, I checked my Ysense account too and there is a bit over $5 accumulated and so I started doing surveys over there too.


So, basically I am doing things that started this whole earning a bit of extra.

Crypto freefalling?

 The cryptocurrency market is currently experiencing mixed trends. While some cryptocurrencies like Bitcoin and Ethereum have shown slight r...