cryptosos

scryptos

[Gemini @Gemini]

If this post gets 5,000 likes, we’ll give away $1,776 in bitcoin to one user for #CryptoBall

Follow and repost to enter 👇

[cryptosos @cryptosos4]

Hi @luna_virtuals !! Do you think is possible to avoid scammers in this world??

[Gemini @Gemini]

To celebrate bitcoin breaking 100k, we're giving away $2,009 in BTC to one lucky Gemini user. Welcome back to GeminiGiveaways 🟧🚀

MUST follow the rules to enter: https://t.co/TBWTxdaQqc

[Miles Deutscher @milesdeutscher]

Bitcoin finally hit $100k this week.

But now the big question is: What’s next?

I just found the data which shows that a $150k #Bitcoin is imminent.

It's time to buckle up.

🧵: 10 reasons why $BTC will hit $150k in 2025 (and take the entire altcoin market with it).👇

[cryptosos @cryptosos4]

@Gemini 77

[Gemini @Gemini]

It's been nearly 1 year since we've listed XRP! To celebrate, we’re giving away 500 $XRP to one lucky Gemini user! Welcome back to GeminiGiveaways 🤘🌊

MUST follow the rules to enter: https://t.co/2EVzS56jGL

[CrypNuevo 🔨 @CrypNuevo]

$BTC update:

Our projection from the Sunday update is playing out so far🔨

We're forming a range here and the probability of not filling at least the 50% of the wick is very low.

Volatile week... two 5% moves within 3 days. And we still got NFP and unemployment rate on Friday.

[Gemini @Gemini]

Welcome back to #GeminiGiveaways✨ We heard you liked $PEPE 🐸 So we’re giving away $420 of it to 1 new or existing Gemini user

MUST follow the rules to enter: https://t.co/NxO9rsg2Fw

[Gemini @Gemini]

Welcome to #GeminiGiveaways✨ our new giveaway series. To celebrate Bitcoin Pizza Day, we’re giving away $500 in #BTC to 1 new or existing Gemini user 🍕

MUST follow the rules to enter: https://t.co/xb3RZcfr3d

[Innerdevcrypto @Innerdevcrypto]

16 x useful (from various sources)

[Stockmoney Lizards @StockmoneyL]

12/12

Conclusion II/II

A) We expect a continued correction despite halving
B) A potential target will be the 61.8 Fib Retracement (low 50s, lots of liquidity there)
C) No the bull market is not over. Just taking a break. Which is ok after such a 1-year up-only move.

[BitQuant @BitQua]

UPDATED! As you can see from this update, #Bitcoin is very close to a short stop. It will spend a couple more days consolidating at these levels, and then new all-time highs are expected in March.
P.S. Given the recent developments, there is more good news that I will share with you in a separate post.🔥

[Stockmoney Lizards @StockmoneyL]

#Bitcoin

Let's keep it simple. We will see a new all-time high. But not within the next few weeks. It will take some time.

[Rekt Capital @rektcapital]

The #BTC Bottoming Out Candle 3 year is coming to an end, according to Four Year Cycle principles

But a new Confirmed Trend Reversal Candle 4 is set to form next

So what should we pay attention to in 2024?

A thread...

$BTC #Crypto #Bitcoin

[Sistine Research @sistineresearch]

Tether has a monopoly that can crush any stablecoin at will and it's a real problem for Circle and Maker...

Ever wonder why the transparent and regulated USDC has a lower market dominance than the sketchy and opaque USDT?

Do you really think there is more demand for USDT than USDC?

Here's how they do it...

Any time Circle receives deposits and mints USDC, Tether can simple absorb those deposits for themselves:

1. Circle receives $1B in deposits. They mint $1B USDC to the depositors.

2. This $1B is Circle's revenue source. They put it in short-term bonds and earn yield.

3. Tether sees this and wants that revenue for themselves, so they mint $1B USDT out of thin air (or temporarily back it with bogus commercial paper aka debt).

4. They swap this new unbacked USDT for USDC on exchanges and DEXes.

There's a reason the Curve 3Pool is 59% USDT and only 19% USDC:

They keep swapping USDT for USDC, which leaves an imbalance in the pool.

5. They then take this USDC and redeem it with Circle for real USD.

They have now minted $1B USDT and gotten back $1B real USD, making the USDT they issued fully backed.

6. They stick that USD in short-term bonds and earn yield.

They have effectively stolen Circle's revenue.

Lather. Rinse. Repeat.

They can do the same thing with DAI or any other stable really.

Mint USDT. Swap for DAI. Redeem for ETH. Sell ETH for USDC or real USD. Repeat.

This is extremely bearish for Circle and Maker. It also suppresses ETH price.

Just look at the drop in USDC and DAI dominance vs USDT:

The more you know.

[VIKTOR @thedefivillain]

Current narratives :

- $BTC is up +11% and outperformed most large caps after a fake ETF approval news

- High-beta to BTC altcoins outperformed too : $STX (+25%) $BCH $BSV

- $SOL is the best performing major : +32% in a hated rally fueled by shorts getting squeezed

- Polygon 2.0 and $MATIC -> $POL migration coming soon after Bybit Launchpool hint ? $MATIC is up 9%

- Uniswap frontend fee announcement has been bearish for the token $UNI (-10% vs BTC)

- SEC dropped charges against Ripple executives : +7% for $XRP

- On-chain activity is back : +40% for $BITCOIN, new hot memecoins are $JOE $SPX $HAY

- Some other noticeable strong coins : $RLB $INJ $LINK $APT $RNDR

[World of Statistics @stats_feed]

World's most unbanked countries (adult unbanked population):

🇲🇦 Morocco: 71%
🇻🇳 Vietnam: 69%
🇪🇬 Egypt: 67%
🇵🇭 Philippines: 66%
🇲🇽 Mexico: 63%
🇳🇬 Nigeria: 60%
🇵🇪 Peru: 57%
🇨🇴 Colombia: 54%
🇮🇩 Indonesia: 51%
🇦🇷 Argentina: 51%
🇰🇪 Kenya: 44%
🇷🇴 Romania: 42%
🇰🇿 Kazakhstan: 41%
🇺🇦 Ukraine: 37%
🇺🇾 Uruguay: 36%
🇿🇦 South Africa: 31%
🇹🇷 Turkey: 31%
🇧🇷 Brazil: 30%
🇧🇬 Bulgaria: 28%
🇨🇱 Chile: 26%
🇷🇺 Russia: 24%
🇮🇳 India: 20%
🇬🇷 Greece: 15%
🇵🇱 Poland: 13%
🇺🇸 USA: 7%
🇪🇸 Spain: 6%
🇫🇷 France: 6%
🇮🇹 Italy: 6%
🇰🇷 South Korea: 5%
🇬🇧 UK: 4%
🇦🇹 Austria: 2%
🇯🇵 Japan: 2%
🇩🇪 Germany: 1%
🇦🇺 Australia: 0%
🇨🇦 Canada: 0%
🇩🇰 Denmark: 0%
🇳🇴 Norway: 0%

[Alex Hormozi @AlexHormozi]

The most addictive drug is making money doing something you love.

[Rekt Capital @rektcapital]

#BTC

5 Phases of The Bitcoin Halving

1. Pre-Halving period

If a deeper retrace is going to occur, it will likely be over the next 140 days or so (orange)

In fact, $BTC retraced -24% in 2015 and -38% in 2019 at this same point in the cycle (i.e. ~200 days before the Halving)

A -30% drop from current prices would see Bitcoin revisit ~$20,000

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"

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 makes 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

#Crypto #Bitcoin