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10 Jun 2023 16:08

🥇 Exactly 12 years ago today, the "Great Bitcoin Crash" of 2011 begins

👉🏻 Everyone who bought the dip has earned 70% annual returns ever since 💫

🤝 @Cryptocurrency_Inside ✅

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09 Jun 2023 19:32

The market wants to eat you all up... 😯
ㅤ
The U.S. debt ceiling has been successfully raised until January 2025. Which means the DOF is turning on the pump that will suck liquidity out of the financial system.

🔵The way it works is this:
Raising government debt = printing more bonds. Money from other markets will flow there, because U.S. bonds are the safest asset to save capital when things start to go awry in the world, hehe.

🔵Last December 2021 national debt hike led to a collapse in the markets. Yes, the market was rising then, inflation, etc., but the principle is exactly the same. Plus the Fed keeps clearing the balance sheet and rates are high. That is, there is no positive right now except rising unemployment.

🔵But it used to be so good (it wasn't).
The hamster thoughts that raising the ceiling, would lead to the legalization of crypto in Hong Kong - didn't come true. There has been no reaction.

🟢What to do?
If you already have assets - don't sweat it, keep them for the long term. If you don't, buy only the fundamental mints. Also advise to do retrodrops while you have time and commission price is down to 20 gwei.

Gary Gensler has started to play his game seriously. This could be a narrative for a reversal. But as long as no one is scared of us yet, we need something more powerful than this circus :)

❔ Do you think we'll see Bitcoin at $20,000 in the next month?

👍 - No
👎 - Yes

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09 Jun 2023 15:20

👀 FTX 2.0 coming.

Leaked document reveals FTX's plans to formally market offshore exchange in Q3/Q4.

👉🏻 Do you trust FTX?

YES - 👍
NO - 👎

🤝 @Cryptocurrency_Inside ✅

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08 Jun 2023 20:08

🥇 Cathie Wood tells Bloomberg she's still confident in Bitcoin hitting $1,000,000 by 2030.

"The more uncertainty and volatility there is in the global economy, the more our confidence increases in Bitcoin."

🤝 @Cryptocurrency_Inside ✅

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07 Jun 2023 20:40

⚡️SEC attacks are a step toward digital currency adoption

Cardano founder Charles Hoskinson said that the SEC's case against Binance is motivated by the regulator's "political opposition" to the very existence of cryptocurrencies.

The SEC's attacks are a step in the implementation of "Checkpoint 2.0." The final step in this "program" will be the adoption and launch of a central bank digital currency, Hoskinson believes☄️

🤝 @Cryptocurrency_Inside ✅

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07 Jun 2023 15:49

What is volatility?👾

In the context of crypto, “volatility” describes the ebbs and flows of cryptocurrency prices. High volatility is a hallmark of the crypto market, whereas traditional stock exchanges are relatively stabler.

📊The following has a profound impact on volatility:

— Market sentiment
— Liquidity
— Speculation
— Regulation
— News.

However, myriad other unpredictable factors may also impact volatility🙂

💭Therefore, investors of all levels should take into account influencing factors that could sway the markets to reduce risks.

🤝 @Cryptocurrency_Inside ✅

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07 Jun 2023 08:10

📢“We need to educate governments that bitcoin is bitcoin and everything else is something else. All of them, except for bitcoin, are securities,” Samson Moe.

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06 Jun 2023 14:35

BTC volatility is lower than Meta and Amazon, but higher than gold and Apple

Volatility shows the rate of change in the price of an asset over a period. The higher it is, the more the price can change and the riskier the investment in this asset

📊The value of the average 30-day volatility:

⚡️ Gold - 15%
⚡️ Apple - 23%
⚡️ Bitcoin - 32%
⚡️ Amazon - 40%
⚡️ Meta - 49%

🤝 @Cryptocurrency_Inside ✅

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05 Jun 2023 21:19

Crypto speak: NFA

“NFA” is an abbreviation for “nonfinancial advice,” a disclaimer that this person is unqualified to provide financial advice and that their opinion should not be considered as such.

Most crypto resources use this expression to comply with legal requirements, but this word is often used in an ironic sense, just to recommend some coin.

🤝 @Cryptocurrency_Inside ✅

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04 Jun 2023 19:04

Crypto speak: Nuke

“Nuke” means a sudden and strong price correction in the markets. Since cryptocurrencies are very volatile, prices should fall by at least 10% (usually more in most cases) for it to make sense to talk about it in such terms.

🤝 @Cryptocurrency_Inside ✅

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03 Jun 2023 14:00

How many bitcoins does the U.S. government hold? 🇺🇸
⠀
Dune analysts believe that they have a total of at least 205,515 Bitcoins, which means more than 1% of the asset issue. In the last two years alone they took 69.37K BTC from Silk Road; 94.64K BTC from Bitfinex hack; 51.326K BTC from James Jun and that's not the whole list.

🟠They planned to sell them off in installments during this year. Earlier, analytics company PeckShield tracked the movement of 48,998 BTC from U.S. government wallets. 30,174 BTC and 8,999 BTC went to two new addresses, and another 9,825 BTC went to the Coinbase exchange.

➡️ But this huge volume is just dust, as they still have almost one and a half times as much bitcoin as Microstrategy, the largest BTC holder, which has about 140K coins in its wallet.

🟠No one has precise information about how the U.S. authorities may dispose of the assets, but it can be assumed that they will use them to invest in some projects. If that's the case, they must be interested in seeing the price of bitcoin go up. Or maybe they are waiting for the value to skyrocket in the next few years so they can sell them. Either way, it's a very unpleasant addiction that you don't know what to expect 😳

❔ What do you think the government will do with their Bitcoins?

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01 Jun 2023 17:20

Security in crypto

Another helpful tip: Be careful when using public WiFi networks or computers, as they may be vulnerable to hacker attacks.

If you are in a cafe and decide to make several crypto transactions, your personal information could be compromised. Through public WiFi networks, attackers can easily steal your data, including passwords, bank details, and personal information.

Sometimes, they launch their own access points to the free internet for these purposes.

Therefore, only conduct your crypto transactions exclusively through reliable internet service providers.

🤝 @Cryptocurrency_Inside ✅

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31 May 2023 19:47

Crypto speak: BTFD

“BTFD” stands for “buy the f---ing dip” and describes an investment strategy of buying cryptocurrencies when their prices decrease in the expectation that prices will then rise.

This strategy often goes hand in hand with hodling, as cryptocurrency prices can undergo deep corrections.

BTFD is usually accompanied by memes (example attached).

🤝 @Cryptocurrency_Inside ✅

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31 May 2023 16:21

🟠 Binance to delist privacy tokens in France, Italy, Spain and Poland.

Binance users in France, Italy, Poland and Spain will no longer be able to buy or sell 12 privacy tokens starting from June 26.

🤝 @Cryptocurrency_Inside ✅

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31 May 2023 09:19

A cumulative amount of nearly ~$3.45B has been stolen from crypto exchange custody from 48 recorded hacks since 2012. The most frequent way assets were stolen from exchanges was through hot-wallet hacks

🤝 @Cryptocurrency_Inside ✅

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10 Jun 2023 12:10

📉 A storm hit the crypto market after the SEC's lawsuit, pushing major blockchain tokens down by 20%+.

Top hits include $SOL, $MATIC and $ADA, each plunging around 25%.

Even market leaders $BTC and $ETH were not spared, dropping 3.6% and 4.5%, respectively.

🤝 @Cryptocurrency_Inside ✅

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09 Jun 2023 15:37

⚡List of Cryptocurrencies Considered as Securities by SEC

The number of cryptocurrencies labeled as securities by the U.S. SEC has risen to around 55 (excluding 13 tokenized stocks), following the inclusion of additional ones in the Binance and Coinbase lawsuit.

As a result of this accusation, these cryptos were delisted from some US crypto exchanges that led to significant price losses📊

🤝 @Cryptocurrency_Inside ✅

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09 Jun 2023 08:20

What is ERC-4337 account abstraction and what is it for❓
⠀
It was always thought that the guarantor of the safety of your assets was the seed phrase, which had to be kept in a safe place.

🟠But a new solution has already been invented - abstraction of accounts (ERC-4337), which will give you the opportunity to no longer think about losing and not finding your paper with 12 words.

🟠ERC-4337 is a new Ethereum standard that creates abstract accounts. This means that your wallet becomes a smart wallet in which you can conduct transactions through a single mechanism to accept them. An added bonus is that paying for gas will be possible with any ERC-20 token, and services that use it will be able to transfer gas payments in fiat through a smart contract.

Seed-phrase can now be recovered through previously specified custodian contracts. In addition, smart accounts can consolidate all transactions and thus significantly reduce gas payments.

🟠It would seem that everything is super, but there is a nuance - to bring all this to life requires an extensive infrastructure. More precisely the nodes that will bundle transactions into packages, thereby reducing the high gas fee.

🟠If the developers find this solution, then in the near future the ERC-4337 standard could become a major aspect of mass adopting, as economy and ease of use have always been in high esteem among cryptos. Waiting...👀

❔ Have you ever lost your seed phrase?

👍 - Yes
👎 - No

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08 Jun 2023 18:46

Why crypto?🤔

Crypto offers:
🔹Clear and open rules for everyone
🔹Free access to the financial system for everyone

Fiat currencies like dollars and euros and all that are managed by Central Banks with unclear and non-transparent rules.
Whose interests are they serving? 🤔

In recent years, an unprecented amount of money was printed. And they might start the printing again.

Nowadays, you need to make 15% more every year to outrun the money printing press.
But that's only possible for the rich, while average folks in traditional markets don't have that chance (unless they get lucky).

Bitcoin, as the most popular and largest (for now) crypto, solves this issue.
It has a max supply of 21 million, which is part of its protocol – no more Bitcoin after that.
Sure, it can be changed, but it's a super complicated, and transparent process that needs approval of loads of participants.

Even better, crypto allows anyone anywhere to access the financial system for free. It also cuts out middlemen, giving people the maximum profit.

🤝 @Cryptocurrency_Inside ✅

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07 Jun 2023 20:04

Crypto speak: Looks rare

“Looks rare” is an ironic way of saying that your NFT may be valuable (without actually knowing it).

Since the value of most NFTs is determined by their rarity, the one that looks rare and is rare could bring you profit.

Therefore, you can go to social networks and brag about your NFT with the comment “looks rare,” hoping it is true.

By the way, a competitor of the most popular NFT marketplace, OpenSea, called Looks Rare, used this meme to launch its token.

🤝 @Cryptocurrency_Inside ✅

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07 Jun 2023 15:31

Are crypto transactions anonymous?🫥

Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.

Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.

However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).

For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.

Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.

🤝 @Cryptocurrency_Inside ✅

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06 Jun 2023 21:21

Why don’t my funds get deposited?

A widespread problem for beginners: They transfer funds from one wallet to another, but the coins don’t get deposited.

Why?

There are 3 main reasons:

1. The processing speeds of blockchains. Sometimes, blockchains are slow, and transactions take longer than usual. For example, in Ethereum, transactions can sometimes last for hours.

2. Invalid network or address: You could have made a mistake when choosing the network. For example, if you transfer your USDT from the Tron network to the BNB Smart Chain network, the transaction will not pass. Make sure the network and address match.

3. A memo is not specified: Some blockchains require specifying a memo when sending transactions. A memo is a “comment” on a transaction. If necessary, the exchange will warn you what memo you should specify, so read the instructions carefully.

And one more general tip: If you’re making a transaction for the first time, make a test transfer by sending the minimum amount — e.g., 1 USDT. If it’s successful, it’s safe to send whatever amount you want to that address.

Don’t forget that, in the crypto world, it’s often impossible to return money lost or sent to a wrong address.

🤝 @Cryptocurrency_Inside ✅

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06 Jun 2023 10:59

Bloomberg analyst predicts crypto's fall 🟧
⠀
Bloomberg Intelligence analyst Mike McGlone suggests that the worst days are yet to come for Bitcoin. Based on current trends and the actions of the Federal Reserve, he sees a downtrend for Bitcoin.

🟠He also points to a possible further drop in the price of Bitcoin. At the end of 2019, the cryptocurrency was trading around $7,000, after which its price soared. Now, Bitcoin's value is around $25,000-27,000, indicating a 52-week average decline.

🟠Mike McGlone notes that Bitcoin's recent price swings, when it dipped to $15,000 in 2022 and rose to $30,000 in April, are similar to historical ups and downs caused by changes in liquidity. That's another factor that could speak to the cryptocurrency's possible decline in value.

🟠McGlone doubts Bitcoin's ability to withstand a shrinking U.S. economy because the cryptocurrency is relatively young and considered a high-risk asset.

❔ Do you believe in Bitcoin's growth?

👍 - Yes
👎 - No

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05 Jun 2023 15:07

The top 3 non-custodial crypto wallets👻

Today, we’re going to highlight the top 3 non-custodial crypto wallets you can use without the fear of losing your coins.

MetaMask: MetaMask is a browser extension and a mobile crypto wallet compatible with Ethereum and many other blockchains. If you’re used to using a PC and the Chrome web browser, MetaMask will be the ideal choice for you.

Trust Wallet: Trust Wallet is a crypto wallet for smartphones. It supports a large number of cryptocurrencies and offers convenient services, such as buying and swapping crypto directly in the app.

Exodus: Exodus is a browser, desktop, mobile, and hardware crypto wallet that supports over 100 cryptocurrencies. It’s famous for its elegant design and user-friendly interface.

💭When you create a new wallet, remember to write down your seed/recovery phrase on a piece of paper! Remember, losing your seed phrase means losing access to all your assets.

🤝 @Cryptocurrency_Inside ✅

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03 Jun 2023 15:59

Crypto speak: DYOR 🍸

Today’s post covers arguably the most important crypto term in the industry: “DYOR,” which stands for “do your own research.”

This acronym is a call to anyone who’s considering investing in a particular crypto project to take the time to conduct a thorough assessment of the project.

The term “DYOR” gained popularity during the initial coin offering (ICO) craze from 2016 to 2018, which became a breeding ground for scammers, leading to many investors losing money.

When you “do your own research,” you’re effectively protecting yourself from potential scams because as you dig deeper into the fundamentals of a project, you’ll uncover all the necessary signs to either invest or avoid the project altogether.

The crypto industry is adept at offering tantalizing projects in which to invest; however, if you make DYOR your No. 1 priority, you’re bound to protect yourself from scams, and you might find those hidden gems.

🤝 @Cryptocurrency_Inside ✅

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03 Jun 2023 00:49

🌐 How does bitcoin's capitalization look like against other assets that people use to preserve value (fiat, gold, real estate, and others)

Their total value today exceeds $872 trillion🤔

💭If BTC gets 1% of that market, it would be worth $450,000

🤝 @Cryptocurrency_Inside ✅

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01 Jun 2023 17:09

Supply of Tether USDT reaches all-time high, surpassing previous record of $83.2 billion, set in May 2022

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31 May 2023 19:34

New ways of fraud. How not to fuck up money 👀
⠀
Every day there are more and more scammers ready to make a profit at other people's expense, as well as ways to cheat. Popular ways of scamming nowadays:

1️⃣ Spamming links in comments.

Scammers can do link spamming in comments. Often they write in them about those bugs in the systems on which you can earn, promising coins that will make a million X's, drops, and other things. And there are clever people promoting their TV channels to sell you signals, indicators, schemes and other bullshit. Do not fall for it, it is a scam.

2️⃣ Fake OTCs and Guarantors

Another common way for scammers. If you want to make a deal, but you are offered to use the services of guarantors in OpenSea OTC, Blur OTC, MagicEden OTC, it means you want to cheat. And they may offer you an already created OTC, but with an incorrectly changed link. So always check the user names of guarantors.

3️⃣ Fake Channels.

Scammers used to simply copy the telegram channel of a popular Influencer and publish a post on his behalf with some program or phishing link or message. Now Telegram has fixed this and you can't get around it that easily anymore. But it is still better to double-check the authenticity of the channel. Your friend's account may ask you to borrow money or offer to download a program.

⚫️And you can also impose some kind of training, an exclusive offer, or a scheme. You may receive a message in discord that your favorite project is having an airdrop and you can already get your tokens. Or you may receive an email that you are the lucky owner of 10 Bitcoins😄. A purse may unexpectedly receive obscure tokens and NFT.

❗️Never lose vigilance and before poking somewhere, check everything 💯 once.

❔ Have you ever been cheated in crypto?

👍 - Yes
👎 - No

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31 May 2023 12:27

The FED will print $4 trillion over the next two years 👇

Last time the FED printed trillions in 2020, bitcoin went from $3800 to $69,000 in less than 2 years📈

I doubt that similar history will repeat itself this time around, as market capitalization has grown, as has the popularity and recognition of the crypto segment, however, we may well see an ATH update.

💭As early as tomorrow there should be a vote to raise the debt ceiling, we'll be watching.

🤝 @Cryptocurrency_Inside ✅

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30 May 2023 17:13

⚡️Bitcoin repeats its 2014-2017 pattern

That time the price went to a new high. If it happens this time as well, the target for BTC will be the $70,000 zone 💰

What do you think the same scenario will happen again?

🤝 @Cryptocurrency_Inside ✅