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Bitcoin $30000 (Forget to publish this a few days ago however, this is not investment advice. I am just sharing my opinion. The long-term scenario is bullish. I will update once it reaches the expected target.) The recent approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) is indeed a significant development in the cryptocurrency market, marking a milestone for crypto adoption. This decision, which came after more than 10 years of anticipation and several rejected proposals, has been met with a mix of reactions from the crypto industry. On one hand, it has been celebrated as a historic moment that could lead to a substantial influx of capital into Bitcoin, with estimates predicting upwards of $100 billion flowing into Bitcoin ETFs in the U.S. this year alone. The approval is seen as a nod towards the increasing market size and institutional interest in Bitcoin, with the market cap nearing $1 trillion and institutional giants like BlackRock joining the ETF race. On the other hand, there's a discussion within the crypto community about the immediate impact of this approval on Bitcoin's price. Some analysts and industry observers are contemplating a "sell the news" event, where the price might experience short-term sell-offs as the ETF news might already be priced in. This sentiment is based on the theory that traders often capitalize on market movements by trading on rumors and tend to sell once the actual news is released, potentially at a profit. However, the price of Bitcoin before and after the approval has remained largely unchanged, suggesting that significant movements had already been anticipated by the market. The overall market sentiment seems to be that while the approval is a positive step for the legitimacy and accessibility of Bitcoin, it may not necessarily result in an immediate dramatic price surge. This is partly because such significant events are often anticipated by the market, and their impact is reflected in prices before the actual event occurs. However, experts also note that the long-term implications of the ETF approval could still be bullish for Bitcoin, drawing parallels to the introduction of gold ETFs and their subsequent impact on gold prices. The introduction of these ETFs has also highlighted the importance of collaboration within the industry to ensure robust safeguards against fraud and market manipulation, which is crucial for the continued growth and maturation of the crypto market. In the context of the trading chart and the broader market dynamics, the negative momentum and declining volume in the face of such a significant event could suggest that larger market players may be waiting for more favorable entry points. This could be part of a broader strategy to accumulate at lower prices, which is a common practice among investors with substantial capital at their disposal. However, it's important to remain cautious and consider that the market can be influenced by many factors, and the actions of large investors are just one piece of the puzzle.
BITFINEX:BTCUSDShort
by UnknownUnicorn762819
BITCOIN SHATTERED Bull Market Doors! What NEXT??Welcome back! Let me know your thoughts in the comments! ** BTCUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
BITSTAMP:BTCUSDLong
by BKTradingAcademy
BITCOIN BEFORE THE HALVING My logarithmic to daily 4hr charts is here! we might see 57-58k as I predicted my previous post, this valid once price keep pushing upto 55000 level zone. If this is a distributions we might not see 55000 level, see the arrow . But for my view price might test that 57-58000 level before incoming month of march. Im expecting a month of upside before the halving and I will be updating this idea once this complete. The second arrow is Small distribution after those upthrust moves of price at 53000 level. The other arrow is for the higher context of distributing its price on higher supply at 57-58000 level. this moves might goes a higher EUphoria level same on the 64-69000 last time. so becareful alway buy low and stack harder! Follow for more!
CME:BTC1!Long
by D1GITALTRADES
Humanode ($HMND): decentralized biometric Human nodeThe blockchain industry is constantly growing and evolving. More and more new and innovative projects are emerging this year. Today we introduce Humanode (HMND), a Layer 1 that fuses artificial intelligence, decentralization, and biometric data with the goal of creating a democratic and transparent blockchain, trying to solve problems related to the concepts of PoS (Proof Of Stake) and PoW (Proof Of Work). What is Humanode ? Humanode (HMND) is a substrate based standalone Layer 1 where sybil-resistance is provided through private decentralized biometric verification of human existence and uniqueness instead of PoW and PoS. The key is that a validator Human node can only deploy one node and that all nodes are equal in terms of validation and voting power, or how we usually put it "1 human = 1 node = 1 vote. What makes it unique ? The uniqueness and liveness of humans behind nodes is checked by an AI which determines whether a person is unique and whether he is alive through a multitude of facial recognition modules. The biometric processing is conducted in a private and decentralized way so that there is no Personal Identifiable Information or biometric data that can be reverted back into its original state. What is the main goal ? The main goal of Humanode is to create a truly distributed, democratic and sybil-resistant blockchain Layer 1 owned by millions of human nodes in an equal share. As described within their whitepaper, Humanode offers an alternative solution to PoS and Pow issues. "... Issuance and commission in PoW blockchains In PoW blockchains, the protocol acts as the emitting entity. Most PoW coins have set the emission and max supply. For example, Bitcoin ( BINANCE:BTCUSD ) has a max supply of 21 million coins. At the time of the creation of this paper, its circulating supply is 18.8 million. With emission set in every block and the halving that happens every four years, it will take approximately 120 years to mint everything. Emission is received by miners not in the form of a loan, but directly. However, only miners receive it. Ordinary users and even financial entities that hold large chunks of Bitcoin get nothing. Miners either decide to hold onto the emitted money or sell it on the market. This system does not sell debt to the agents at its bottom, but devaluation of non-miner agents’ assets, even if ridiculously small, still happens, as the emission is received only by miners. Another thing is that supply is not balanced with value creation, meaning that the limited supply does not line up with the growth of value in the system. That makes it deflationary, which on a nation-sized scale makes economies unhealthy and can even lead to a crisis." " ... Issuance and commission in PoS blockchains As in PoW, in PoS the protocol acts as the issuance entity. In most cases, PoS have some kind of a governing entity that decides upon emission; it can be either pre-set as in Bitcoin or it can be flexible with many different methods of realization. Commonly there is a DAO that sets the emission. As in PoW, validators receive issuance directly from the protocol, but in delegated PoS, they also redistribute it across their Delegators. Protocol users get nothing from emission and DAO can set emission at any level. Sometimes devaluation is very strong because validators accumulate minted tokens and sell them on the market to cover expenses and for profit—at the same time, their networks are not as big as Bitcoin, which counterweighs the devaluation effect." " ... Fath on Humanode The emission of tokens in Fath behaves differently from the systems mentioned above. One of the hypotheses that are the basis of Fath is that it is possible to mitigate the long-term effects of devaluation by the proportional distribution of emission. Emission is delivered to every single member of the network directly from the protocol, regardless of whether a person is a validator or not. The amount of emission is defined by the Fath protocol algorithm, which calculates the difference between real value creation (Gross Network Product; GNetP) in two different time periods. If GNetP in the second period is different from GNetP in the first then the algorithm calculates the difference and changes the monetary supply by the same percentage. We consider the HMND token first of all to be a transaction-processing as well as a biometric network, which is why GNetP in the first implementation of Fath will be calculated based on the fees spent by participants of the network. If the amount of commission received by human nodes in the second period is different from the first, then the algorithm applies the same difference in percentage to supply and rebalances every single wallet that exists. Two types of rebalances occur, inFath and outFath: If the amount of commission paid out in the second period of time exceeds the commission paid out in the first period, then inFath occurs and emission is distributed across every wallet proportionally If the amount of commission paid out in the second period is smaller than in the first, then outFath occurs and the protocol proportionally burns excessive supply throughout every single wallet as well" Tokenomics The total supply of HMND token is capped. The HMND token has a max supply fixed at 400,000,000 tokens. At the time of writing this analysis, there are 31,905,741 HMND tokens in circulation, less than 10% of the total supply. The project was officially listed to the public in April 2023 on KuCoin with a launch price set at $0.2589. Minting process New HMND tokens are minted through a mechanism called the Fath hypothesis. The main idea behind the Fath hypothesis is a full-reserve system that calculates the amount of goods and services sold in equal periods of time. If the value created in the new period is greater than the value in the previous one by 1%, the Fath protocol issues 1% of the supply and delivers it to every single wallet in the network, depending on the account balance (savings). If the wallet holds 1% of the supply during the emission, it gets 1% of the minted tokens directly from the protocol. Any person in the world, no matter where they are from or who they are, can become a human node, as long as that person has access to devices that can conduct biometric processing (for example, a smartphone with a camera and biometric processing applications for recognition) or other verified hardware. The system delivers the equality of every single human node by deriving only one node from one biometric identity and mitigates any disproportion of power due to reward equality of individuals. As the system implements the Fath hypothesis, which negates the effect of devaluation on agents of the system, this narrows gaps between the users of the network as the emitted value is distributed proportionally to every participant. Key Features Layer 1 focusing on AI and biometric data Fath Hypothesis Mechanism : an alternative consensus mechanism offered as an innovative solution to classic consensus models. Open source Ethereum EVM Compatible Capped supply Humanode seems offering a better solution to PoW and PoS consensus mechanisms by incentivizing network nodes in a more democratic way. The project is certainly ambitious and innovative, so we think is right to explore it. Will be interesting to see how this new blockchain project will grow in the crypto space. Currently the market capitalization for this project is about 10 million. We can assume that with growth in the entire crypto sector and future adoption, this asset can reach a market cap of 50-100 million within 3 years. If the team deliver on its promises, HMND could increase the price by 5x to 10x the current value. The price valuation could be boosted by the scarcity of tokens in circulation. Write what you think about this project, and what strategies you have used to integrate this crypto asset within your investment portfolio.
Long
by thequantscience
Bigtime is back on my mind and bags are packedWave one is complete?? Retraced to 61.8, sitting at a 50% retracement at the moment!! .53 is my first target and I repacked my bags. We might see something like what Sushi just had happen. Polkadot could see a huge pump also but has already seen this wave 3 and possible last pump for dot is a squeeze? Bigtime could also see a squeeze. I am prepared for a bounce!! I also think the gaming hype is about to start back up! NOT FINANCIAL ADVICE!!
COINBASE:BIGTIMEUSD
by Polarbearman
Market structure Shift? OR Fakeout?!It seems like we MAY have have seen a market shift “signal” in #BTC with the W formation with a HL AND ON TO ITS SECOND “wave” If we break this zone to the topside I will look for longs. If we break to the downside it’s possible we’re seeing the second wave down in our identified bearish trend (short term) and validates our current short positions. The 50 EMA is going to be a good point of interest for me to decide to close my shorts and protect profits. Only Until we see some more confluence for a probable trade, I don’t like to “gamble” Always protect your profits fam I’m currently still in short positions
Short
by Captl_G