The trading volume of Trump’s NFT collection surged 160% in a single week.
NFTs from the Trump Digital Trading Cards collection are experiencing a surge in price and trading volume.
We truly must appreciate the times we live in 😅
No traditional financial instrument has as much volatility as cryptocurrencies and NFTs!
Donald Trump, who hasn’t released a single tweet since January 2021, posted his mugshot taken at a police station a few days ago.
As a result of this seemingly insignificant event, despite all the serious problems of the NFT market, Trump Digital Trading Cards have appreciated by more than 160% in the last week.
This is another prime example of the huge promise (and risks) of the exciting cryptocurrency market!
This is by no means financial advice!
Success goals | Crypto | Business tips🔸
NFTs from the Trump Digital Trading Cards collection are experiencing a surge in price and trading volume.
We truly must appreciate the times we live in 😅
No traditional financial instrument has as much volatility as cryptocurrencies and NFTs!
Donald Trump, who hasn’t released a single tweet since January 2021, posted his mugshot taken at a police station a few days ago.
As a result of this seemingly insignificant event, despite all the serious problems of the NFT market, Trump Digital Trading Cards have appreciated by more than 160% in the last week.
This is another prime example of the huge promise (and risks) of the exciting cryptocurrency market!
This is by no means financial advice!
Success goals | Crypto | Business tips
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Over 40% of Bitcoin has been inactive for more than three years.
Long-term holders of Bitcoin (BTC) continue to accumulate their assets, indicating a “broader sense of optimism,” according to a Bitfinex report.
The study says that 40% of the BTC supply has remained unchanged for more than three years, a record figure.
And that is, of course, great news because there is still a huge number of long-term Bitcoin holders in the world who abstain from selling their coins despite the protracted bear market!
Success goals | Crypto | Business tips🔸
Long-term holders of Bitcoin (BTC) continue to accumulate their assets, indicating a “broader sense of optimism,” according to a Bitfinex report.
The study says that 40% of the BTC supply has remained unchanged for more than three years, a record figure.
And that is, of course, great news because there is still a huge number of long-term Bitcoin holders in the world who abstain from selling their coins despite the protracted bear market!
Success goals | Crypto | Business tips
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Crypto speak: Hodl
Yes, yes, we’ve already published a post about hodling, and you’re aware that hodling is a buy-and-forget investment. That is, a hodler buys up cryptocurrencies for certain amounts at certain time intervals and avoids monitoring daily trading charts.
But the question of “when to sell?” is always relevant!
Here are two main answers to this question:
1. Hodl until you get the growth you want.
2. Hodl until a certain point in time.
For example, you may decide that you will sell all (or part) of your assets when you see your investments double, even if it takes 10 years. Maybe you’ll decide to sell your coins the day Bitcoin hits the $100,000 mark. Or when you have the amount you need saved up, you buy a home.
The second option might look like this: You buy crypto for the next 10 years and sell all or part of it in 2033, even if there are tempting price hikes before then.
Of course, these are just rough ideas, but even with an investment strategy as simple as hodling, you need to be clear about your goals.
Yes, yes, we’ve already published a post about hodling, and you’re aware that hodling is a buy-and-forget investment. That is, a hodler buys up cryptocurrencies for certain amounts at certain time intervals and avoids monitoring daily trading charts.
But the question of “when to sell?” is always relevant!
Here are two main answers to this question:
1. Hodl until you get the growth you want.
2. Hodl until a certain point in time.
For example, you may decide that you will sell all (or part) of your assets when you see your investments double, even if it takes 10 years. Maybe you’ll decide to sell your coins the day Bitcoin hits the $100,000 mark. Or when you have the amount you need saved up, you buy a home.
The second option might look like this: You buy crypto for the next 10 years and sell all or part of it in 2033, even if there are tempting price hikes before then.
Of course, these are just rough ideas, but even with an investment strategy as simple as hodling, you need to be clear about your goals.
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Microsoft will create a cryptocurrency wallet for Xbox (or not🙂).
Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.
Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.
In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎
Success goals | Crypto | Business tips🔸
Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.
Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.
In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎
Success goals | Crypto | Business tips
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What is a bear hug?
When a company makes an offer to buy a company at a very generous price—clearly above its market valuation—this is a “bear hug.”
Let’s look at an example:
Company A is going through a bad time, and its stock price is falling (a bear hug usually happens during such periods). Company B comes along and publicly, without prior negotiations, makes an extremely generous offer to acquire the company.
What happens next:
Shareholders, who are interested in profits, start pressuring the company’s management to accept the offer (if the company is sold at a high price, its stock will rise).
What’s more, management is legally bound to strive to extract the maximum profit for shareholders, and if they refuse, shareholders can easily take the company to court.
One last step:
If a bear hug works, the acquiring company will replace the management team of the “victim” of the hug.
Does this happen in crypto?
Of course it does!!! One prime example is when Elon Musk bought Twitter (after all, Twitter is an important part of our industry, just like Musk himself).
Musk started buying up Twitter shares in early 2022 and was aiming to become the largest shareholder.
He went on to sign a deal to buy Twitter for $44 billion while promising to improve Twitter’s policies on content moderation, promotion, and transparency.
In October 2022, Musk finalized the deal and became the owner of the company. This move was followed by the firing of top managers and then many other employees.
Typical bear hugs 🐻
Success goals | Crypto | Business tips🔸
When a company makes an offer to buy a company at a very generous price—clearly above its market valuation—this is a “bear hug.”
Let’s look at an example:
Company A is going through a bad time, and its stock price is falling (a bear hug usually happens during such periods). Company B comes along and publicly, without prior negotiations, makes an extremely generous offer to acquire the company.
What happens next:
Shareholders, who are interested in profits, start pressuring the company’s management to accept the offer (if the company is sold at a high price, its stock will rise).
What’s more, management is legally bound to strive to extract the maximum profit for shareholders, and if they refuse, shareholders can easily take the company to court.
One last step:
If a bear hug works, the acquiring company will replace the management team of the “victim” of the hug.
Does this happen in crypto?
Of course it does!!! One prime example is when Elon Musk bought Twitter (after all, Twitter is an important part of our industry, just like Musk himself).
Musk started buying up Twitter shares in early 2022 and was aiming to become the largest shareholder.
He went on to sign a deal to buy Twitter for $44 billion while promising to improve Twitter’s policies on content moderation, promotion, and transparency.
In October 2022, Musk finalized the deal and became the owner of the company. This move was followed by the firing of top managers and then many other employees.
Typical bear hugs 🐻
Success goals | Crypto | Business tips
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76% of people don’t know what Web3 is.
Only 24% of ConsenSys survey participants said they were familiar with the concept of Web3, with 90% of respondents having heard of cryptocurrencies.
Web3 is a dark horse.
Interesting tidbit: While over 90% have heard of cryptocurrencies, only 8% said they have a good understanding of the concept of the internet’s third generation. Just under a third of those surveyed understand more or less Web3.
Why this matters:
You and I are pioneers of the Web3 industry. Anyone who actively explores the world of blockchain now will benefit enormously in the near future.
@Succuss goals💸
Only 24% of ConsenSys survey participants said they were familiar with the concept of Web3, with 90% of respondents having heard of cryptocurrencies.
Web3 is a dark horse.
Interesting tidbit: While over 90% have heard of cryptocurrencies, only 8% said they have a good understanding of the concept of the internet’s third generation. Just under a third of those surveyed understand more or less Web3.
Why this matters:
You and I are pioneers of the Web3 industry. Anyone who actively explores the world of blockchain now will benefit enormously in the near future.
@Succuss goals
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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.
@Succuss_goals
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How do different types of stablecoins work? 🟡
⠀
Earlier in this post, I already dealt with the topic of stabelcoins. Butw there is another important thing we want to tell you about, and that is the types of Stablecoins.
🇻🇦 Just in case, let us remind you that Stablecoins are cryptocurrencies with a stable price, which is not subject to volatility and remains unchanged.
There are three types of stablecoins in particular:
➡️ Secured by fiat currencies (fiat-collateralized)
In this approach, each steblycoin coin is tied to one unit of fiat currency - USDC, Tether (USDT), TrueUSD (TUSD), Binance USD (BUSD);
↪️ Secured by cryptocurrencies (crypto-collateralized)
Stablecoin creator creates a reserve in collateralized cryptocurrency, the estimated value of which exceeds the value of the stablecoin. Even if the market experiences a significant drop in the price of the cryptocurrency with which the stabelcoin is collateralized, the latter will retain its value due to overcollateralization - DAI;
➡️ Non-collateralized
They are based on such an economic process as senorage. In simple words: if the value of one stabelcoin exceeds $1, the supply increases (i.e. new coins are issued), and when the value is less than $1, the supply decreases (i.e. coins are "burned") - Basecoin, Carbon, Havven.
@Succuss_goals💸
⠀
Earlier in this post, I already dealt with the topic of stabelcoins. Butw there is another important thing we want to tell you about, and that is the types of Stablecoins.
There are three types of stablecoins in particular:
In this approach, each steblycoin coin is tied to one unit of fiat currency - USDC, Tether (USDT), TrueUSD (TUSD), Binance USD (BUSD);
Stablecoin creator creates a reserve in collateralized cryptocurrency, the estimated value of which exceeds the value of the stablecoin. Even if the market experiences a significant drop in the price of the cryptocurrency with which the stabelcoin is collateralized, the latter will retain its value due to overcollateralization - DAI;
They are based on such an economic process as senorage. In simple words: if the value of one stabelcoin exceeds $1, the supply increases (i.e. new coins are issued), and when the value is less than $1, the supply decreases (i.e. coins are "burned") - Basecoin, Carbon, Havven.
@Succuss_goals
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Cryptocurrency venture capital firm Pantera Capital, which manages $3.8 billion, predicts that the BTC exchange rate could reach $35k before halving and then go into rally mode and rise to $147,843, based on the Stock-to-Flow model, which predicts bitcoin's value based on the stock-to-production ratio.
Also, analysts believe that positive decisions on Ripple and Bitcoin ETFs will create a solid foundation for the next bull market.
What is your opinion on this price Modell of Pantera Capital?
Write down in the comments below.
@Succuss_goals
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