1/ As the famous saying goes: 'There are decades where nothing happens, and there are weeks where decades happen.'
The winds of change 💨 have come, the tides have turn, as the sun rises over the majestic mountaintop. 🌄
Today marks the momentous day whereby DeGate officially transitions to Mainnet.
good things come in pairs!
LQTY, the token from @LiquityProtocol – the most decentralized stablecoin protocol – is now available for trading on DeGate. Trade LQTY on DeGate DEX using
✅market or limit orders;
✅pay minimal gas fees and best of all;
✅ZERO FEE FOR MAKERS
#liquity #Ethereum #trustless #decentralized #DEX
“Buy the dip” mentions on social media soared as Bitcoin price dropped to $40,000 on Jan. 4. Cointelegraph analyses how this affects the market moving forward.
https://t.co/6lcTA2yH1f
Jan 3rd marks the 15th anniversary of Bitcoin's genesis block, and the markets experienced a major dip. Users reported that several CEX were unable to process transactions and even crashed or forcefully logged out users.#Binance 😱
Another reason why 2024 will be the year for DEX!
https://t.co/YQwSuyFJWU - Trade Easy, Sleep Easy
Bears, this post is not for you. You need to sell now because $12K is imminent. Sell for safety. For everyone else, the next surge is anticipated to take us to $49K with no stops before that. #Bitcoin
2023 Recap:
• US judge rules XRP is not a security.
• $10 trillion asset manager BlackRock officially files for a Spot #Bitcoin & Ethereum ETF.
• BlackRock CEO says crypto is digital gold and "Bitcoin is an international asset."
• Sam Bankman-Fried found guilty on all charges.
• Elon Musk tells advertisers who are trying to blackmail him to "go fu*k yourself."
• Russia to use Chinese yuan instead of US dollars to settle trade with Asia, Africa, & Latin America.
• FED Chair Jerome Powell says "crypto appears to have staying power as an asset class."
• Changpeng Zhao (CZ) resigns as Binance CEO.
• Coinbase relists Ripple XRP.
• Chinese Yuan overtakes US dollar as most-used currency in China's cross-border transactions for the first time in history.
• Saudi Arabia enters trade alliance with China, Russia, India, Pakistan, and four Central Asian nations to step further away from reliance on the US dollar.
• Argentina President Javier Milei plans to replace the peso with the US Dollar and shut down the central bank.
• Turkish crypto exchange CEO sentenced to 11,196 years in prison for stealing $2 billion in customer funds.
• SEC drops lawsuit against Ripple XRP executives.
• Crypto asset manager Grayscale wins lawsuit against SEC.
• Coinbase sues the SEC, seeking regulatory clarity for the crypto industry.
• El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.
• Hong Kong court recognizes cryptocurrencies as property.
• Chinese property giant Evergrande files for bankruptcy.
• Terra founder Do Kwon arrested in Montenegro.
• US Government arrests SafeMoon founders John Karony, Kyle Nagy & Thomas Smith.
• BlackRock names JPMorgan as an authorized participant for its Spot Bitcoin ETF.
• UK Government plans to establish new digital asset legislation and make the country a crypto hub.
#BTC
5 Phases of The Bitcoin Halving
1. Pre-Halving period
Just over 100 days remain until the Bitcoin Halving in April 2024
Historically, any deeper retraces that occur during this period tend to generate fantastic Return On Investment for investors in the several months after the Halving
Could this retrace be a result of hype and speculation surrounding the Bitcoin ETF finally being resolved?
That means a deeper retrace could occur within the upcoming two months or so, between now and early March
This upcoming two month period will be crucial as any retrace during this period will likely represent the final bargain-buying opportunity for Bitcoin
2. Pre-Halving rally
Then ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
3. Pre-Halving retrace
A Pre-Halving retrace tends to occur around the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
4. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
5. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
$BTC #Crypto #Bitcoin
As we enter 2024, here's to genuine connections, personal growth, and embracing the journey.
Cheers to an impactful New Year for all of us ahead. Happy New Year! 🎉🥳🪅
12/ ZK rollups & L2s aren't perfected yet.
Check https://t.co/0iuiZGWL7Y & filter Select Type -> ZK Rollup to assess risks & maturity for each ZK contender. @DeGateDex caught my eye - All green, nice!
Obviously, all these have their own utility. It's not a one-size-fits-all.