https://www.reddit.com/gallery/16tclqb
Tuesday, September 26, 2023
Bitcoin/Cryto drop incoming
I don't usually do this but I thought I would post anyway. bitcoins low in my opinion is not in, altcoins are going to see a 60% drop at least. We are very close to a triggering event for this scenario. No doubt there will be some news attributed to it, there always is. Locally I'm looking for 25800 then a move up to 26800.. Point is locally I see some upside but after that believe me things are going to get extremely depressing in crypto guys and this is my warning to you. I've never done this before publicly, only ever in private friends groups and they thanked me for it. I told to sell at 58k, I told 48 was the last best chance to sell, I told to buy at 17k, and I told to sell at 31k. Now I am telling we are again in last best chance to sell territory and we are close to a triggering even for things to start moving to the downside. I give this warning because i know this rally since the start of the year will have given people hope, sucked people back in, and some will get very hurt. I understand a lot of people will not like to hear this, get angry at me, say TA doesn't work, etc. etc. But just ask yourself can you handle another 60-80% decimation of your portfolio? There is too much complacency, every negative news is met with either copium type jokes or just head in the sand "buying opportunity" comments. Be careful.
Bitcoin Miners Strengthen Texas Presence Ahead of Next Halving Event: What Does the Data Say?
https://en.coinotag.com/bitcoin-miners-strengthen-texas-presence-ahead-of-next-halving-event-what-does-the-data-say/
$200M in crypto was stolen. Is it a new normality?
Again cryptocommunity faced with the successful hacker attack.
Hackers loved decentralized platforms, and they, in turn, decided that decentralization could be a panacea for hacking. Usually, Bitcoin is given as an example, so far nobody could break it! This turned out to be a serious mistake.
The latest event is a hacker attack on the Mixin Network. Digital villains cunningly stole crypto for $200M. I repeat the prescription: two hundred million dollars!
The hackers had no intention of directly breaking the encryption. They found a vulnerability in the cloud service provider’s database security, and they accessed through it the client tools.
I confess I am very angry. A more effective way to compromise the crypto business is hard to come by. And this despite the fact that the blame is not technology, and irresponsible company.
Want an analogy? Imagine an American gold vault Fort Knox. Powerful walls, steel vaults, numerous guards... Only the gold was not put in the safes, but in the shed next to the fort. Gold was stolen. Can you blame the architect who created the storage project?
It may appear that the protection of cryptocurrencies is impossible. I will cite examples of banks operating with a much less protected fiat. Just so climb and take care of the bank accounts is unlikely to work - the systems are quite reliable. However, there are not only technical tools, but also administrative protocols. This is what crypto business is critically missing.
#cryptocommunity #hackerattack #crypto
These events were not able to cause Bitcoin to drop towards $10K. Bitcoin is anti-fragile.
https://www.instagram.com/p/CxpYQMYtF4z/
Monday, September 25, 2023
Unlocking New Horizons in Fintech: Cryptocurrency in Forex Trading
Introduction
In the fast-paced world of finance and technology, cryptocurrency has emerged as a groundbreaking innovation that is reshaping the way we think about traditional financial systems. This article explores the intersection of fintech, new technologies, forex brokers, and forex trading in the context of cryptocurrency. With a focus on learning forex knowledge, we'll delve into how cryptocurrency is revolutionizing the forex trading landscape.
The Rise of Cryptocurrency
Cryptocurrency, a digital or virtual form of currency, has been steadily gaining traction since the inception of Bitcoin in 2009. It operates on a decentralized ledger called blockchain, ensuring transparency and security. As fintech continuously evolves, cryptocurrency has become an integral part of this revolution.
1.Fintech and Cryptocurrency Integration
Fintech, short for financial technology, represents the fusion of finance and technology. It encompasses various innovations that aim to enhance and streamline financial services. Cryptocurrency is at the forefront of this movement, providing the financial industry with new tools and solutions.
One of the most notable fintech applications of cryptocurrency is its role as a digital asset that can be traded on various platforms. Traditional forex brokers have recognized the potential of cryptocurrencies like Bitcoin, Ethereum, and Ripple, and have started offering cryptocurrency trading pairs alongside traditional forex pairs.
2.New Tech, New Possibilities
The integration of cryptocurrency into forex trading introduces new technologies and possibilities. Blockchain technology, which underpins cryptocurrencies, ensures secure and transparent transactions. This technology minimizes the risk of fraud and reduces the need for intermediaries, thereby lowering transaction costs.
Additionally, the advent of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code, has enabled automated trading strategies in forex markets. This innovation allows traders to execute complex trading strategies without the need for constant manual supervision.
3.Forex Brokers and Cryptocurrency
Forex brokers, institutions that facilitate forex trading, have recognized the potential of cryptocurrency to attract a new breed of traders. These brokers are now offering cryptocurrency trading as part of their service portfolio, allowing traders to diversify their investments and access new markets.
The inclusion of cryptocurrencies also opens up the door for traders to use leverage, a common practice in forex trading, to amplify their positions. This can lead to both increased potential for profit and higher risk, making it crucial for traders to be well-informed and have a strong understanding of the forex market dynamics.
4.Forex Trading and Cryptocurrency
Forex trading, the largest financial market in the world, involves the exchange of different national currencies. It operates 24 hours a day, five days a week, and offers numerous trading opportunities. With the introduction of cryptocurrency trading pairs, forex trading has expanded its horizons.
Cryptocurrency pairs such as BTC/USD (Bitcoin/US Dollar) and ETH/JPY (Ethereum/Japanese Yen) have gained popularity among traders. These pairs allow traders to speculate on the price movements of cryptocurrencies against traditional fiat currencies. The volatility of cryptocurrencies often presents traders with unique opportunities for profit, but it also carries inherent risks.
5.Learning Forex Knowledge
As the forex market integrates cryptocurrency, it becomes essential for traders to acquire a solid foundation of forex knowledge. Here are some key aspects that traders should focus on when learning about forex trading in the context of cryptocurrency:
a. Understanding Forex Basics: Start with the fundamentals of forex trading, including currency pairs, market participants, and trading hours.
b. Technical Analysis: Learn how to analyze price charts, identify trends, and use technical indicators to make informed trading decisions. This knowledge is invaluable when trading cryptocurrency pairs.
c. Risk Management: Develop effective risk management strategies to protect your capital. The volatility of cryptocurrency markets demands careful risk assessment.
d. Fundamental Analysis: Understand the factors that influence cryptocurrency prices, including news events, market sentiment, and macroeconomic factors.
e. Trading Strategies: Explore various trading strategies, such as day trading, swing trading, and long-term investing, and determine which suits your risk tolerance and goals.
f. Regulatory Compliance: Stay informed about the regulatory environment for cryptocurrencies in your region. Compliance is crucial to avoid legal issues.
Conclusion
The convergence of fintech, new technologies, forex brokers, and cryptocurrency has opened up exciting opportunities for traders and investors. Cryptocurrency's integration into the forex market has expanded the range of trading instruments available, offering both potential rewards and risks.
Learning forex knowledge in this evolving landscape is crucial for success. Traders should equip themselves with a solid understanding of forex basics, technical and fundamental analysis, risk management, and compliance. By doing so, they can navigate the world of cryptocurrency-enhanced forex trading with confidence and harness the power of these groundbreaking technologies for financial gain. As fintech continues to shape the future of finance, those who embrace these innovations are well-positioned to thrive in the ever-evolving landscape of forex trading.
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