If you click on this blog to learn how to never lose in forex, I have bad news and good news.

• The bad news is that you will always somehow lose when you are trading forex.
• The good news is you can actually minimize and reduce these losses.

1. Develop a Strong Trading Strategy

The first step is to have a good trading strategy.

When you have a good trading strategy, you will know when to trade and when not to trade.

Honestly, when I first started trading, I used to buy whenever I saw green candlesticks, thinking the price was going up; that’s when I’d buy.

Then, when I saw the chart showing red candlesticks and the price going down, that’s when I’d sell.

So, I would just buy and sell randomly, with absolutely no idea of what I was actually doing.

That was definitely the worst way to trade.

So, definitely make sure you have a good trading strategy because it allows you to take the right trading setups.

You might not win all the time with a good strategy, but you will know when to trade and when not to trade.

For me, I have a trading system that allows me to sometimes trade and sometimes not when I don’t see any setup right.

I won’t trade. As simple as that.

I can literally not take any trade for days, weeks, or even months as long as I don’t see any trading setup or trading opportunity.

2. Implement Effective Risk Management

The second tip is risk management.

You need to be able to use the right risk in order to save yourself from blowing your account.

Trust me when I say that when I first started trading, I saw a lot of people, a lot of professionals, telling me that risk management is important.

And I always thought, ‘Yo, what? They’re just scared to use big lot size.

I’m not one of them, so I’m gonna go ahead and use big lot size.’

And I had to learn that lesson the hard way.

Right now, I’m telling you how important good risk management is.

The foundation that will help you sustain your account and help you make more profits in the long run, over the long term.

The truth is, if you were to use 0.01 lots on all of your trades, you probably would not blow your account.

The truth is, you are just using way too much risk for your account.

So, what you need to do is to do the right thing.

That’s why I will advise you to adopt this mindset called the forever mindset with the intention of trading forever.

Because most of the time, when we trade, we are trying to make the most amount of money in the shortest amount of time, right?

And that is the wrong mindset to have because that will allow you to take a lot of trades based on your emotions, and you’ll just lose those trades.

So, go into the forever mindset and think that you are trading forever.

I’m telling you, you will blow your forex account if you do not learn this lesson.

3. Cultivate a Strong Mindset

So, the third tip is having a good mindset.

So, what does it mean to have a good mindset?

That means you have a good, strong mind that allows you not to be affected by your emotions when you are trading.

A lot of times, we experience greed when we are trading, so we want to hold a trade longer way past our take profit, and because of that, we hold the trade too long, and we see the trade go negative, and now the profit became a loss.

That is greed, boys.

So basically, when you are live trading, you’re gonna experience so many emotions: greed, FOMO, anxiety, stress, fear, euphoria.

There’s so many emotions.

To be honest, I feel like trading psychology and risk management, these two things are literally the most important thing ever if you want to become a successful trader.

Final Thoughts:

So, if you are serious about mastering your mindset and developing the mindset of a millionaire trader, you need to implement above strategies.

Once you implement, you’ll finally know what it’s like not to trade with your emotions, not to trade with your head, but with your eyes.

Does that make sense?

How to NEVER LOSE Money When Trading was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin’s Rise and Volatility:

• Bitcoin price surges 20%, leading to increased buying of short-term options and higher volatility.
• Leverage returns across crypto sectors like NFTs, mining, and DeFi.
• Bitcoin derivatives’ open interest soars, reflecting heightened activity.

Market Milestones:

• Total crypto market cap surpasses $2 trillion, exceeding Amazon and Alphabet’s market cap.
• Bitcoin joins the top 10 largest global assets, surpassing $1 trillion market cap.

Spot Bitcoin ETFs Gain Traction:

• Spot Bitcoin ETFs hold $21 billion in assets under management, with BlackRock’s IBIT experiencing record inflows.
• Vanguard CEO’s departure sparks speculation about their potential entry into the Bitcoin ETF space.

Big Players Hold Strong:

• MicroStrategy and El Salvador reaffirm commitment to Bitcoin despite unrealized gains, highlighting long-term strategies.

Uncertainties and Clarifications:

• Nigerian government denies reports of a $10 billion fine against Binance, clarifying ongoing discussions.

Exchange Updates:

• Gemini settles with New York regulators, returning $1.1 billion to customers and facing a $37 million fine.

A Costly Crypto Mishap:

• A Bitcoin Ordinals trader accidentally buys an NFT for ten times its intended price. The seller, in a heartwarming gesture, offers to buy it back at the original price.

Read more here:

• Top 5 Crypto Trading Signal Groups and Channels on Telegram
• 10 Best Crypto Signals Telegram Groups for Profitable Trading

This Week in Crypto: Booming Bitcoin, Uncertainties and a Costly Mistake was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

This week in the world of crypto, Bitcoin had its first down week in a month, while Ether did well. Reddit also shared its crypto holdings, and we learned some interesting things from emails by Satoshi, the mysterious Bitcoin creator.

Bitcoin didn’t do so great this week after hitting over $52,000, with its first weekly drop in a while, although it was only about 2%. People who made money from the recent 25% price jump because of excitement about new US spot Bitcoin ETFs and the upcoming halving event sold some of their Bitcoins to lock in their profits.

On the flip side, Ether has been doing really well this year, gaining about 30% and hitting almost $3000, outperforming Bitcoin. People are starting to wonder if it might be the focus of the next wave of US spot ETFs.

Also, Worldcoin, co-founded by OpenAI CEO Sam Altman, reached an all-time high because of AI hype and good news from Nvidia, showing how AI is affecting the crypto industry. JP Morgan noticed that regular folks are driving up crypto investments, hitting levels not seen in years during February.

Data from the blockchain shows that more money is flowing from regular people’s wallets than from big institutional investors, partly because of new ETF money coming in.

People are getting excited about upcoming events in the crypto world, like the Bitcoin halving, an upgrade to the Ethereum network, and the possibility of the SEC approving spot Ethereum ETFs. Reddit, the social media site, filed for a public stock offering and had to say how much crypto it owns in its official paperwork.

Reddit admitted it owns cryptocurrencies and is trying out blockchain tech, which comes with risks from exchanges and regulations. It put some extra cash into Bitcoin and Ether and also got some Matic tokens for certain online sales. Circle, a big company that makes stablecoins, decided to stop supporting its USDC token on the Tron blockchain right away.

They said it was because they want to keep USDC safe and trusted. Tron is used a lot for moving stablecoins around, but its founder, Justin Sun, is dealing with issues from US regulators. Even former US President Donald Trump, who used to say bad things about Bitcoin, now thinks it’s getting big.

He said on Fox News that Bitcoin is doing its own thing now and more people are using it to pay for stuff. In the UK, they’re talking about making cryptocurrency officially a type of property. The law folks in England say this matches up with how courts are starting to see things and will help protect special parts of digital assets.

In some emails from 2009 that just came out, Satoshi Nakamoto warned that Bitcoin could end up using a lot of energy. He could see that people would start to worry about how much energy Bitcoin uses with its Proof of Work system and had some ideas about other ways to use blockchain. These emails came out because of a court case where someone’s saying they’re Satoshi Nakamoto.

So, that’s what went down this week in crypto.

Catch you next week!

Riding the Ether Wave: Highlights from This Week in Crypto — Feb 26, 2024 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

The altcoin bull market is going to be crazy.

Alt season is probably going to be one for the books, and not just that, but right now we just had the first-ever Golden Cross.

Not on Bitcoin, though.

I’m going to get into that, but let me give you some cool facts.

Right now, there’s been $470 million of net inflows just yesterday, totaling $3 billion in just seven working days.

It’s crazy to be bearish here.

I don’t know why people are actually selling at $52,000. I mean, what are they trying to do?

We are in a full-on bull market, and we are getting close to all-time highs.

In my opinion, I think we’re going to hit that before the halving, as I’ve said over and over again.

Okay, so today’s Bitcoin price is 97% higher than all prior days, so we are in the 3% range right now, and that is probably going to increase much more as the bull market matures.

It’s going to mature very fast, and you’re going to see the prices, you know, those flat lines where the price kind of ranges or whatever, you’re going to see those get smaller and smaller as the bull market matures.

This is how bull markets work, and it’s really cool, especially when we hit kind of like a 50 to 60% Bitcoin dominance. Then you’re going to see alts go crazy.

Now, Credy Bull, I agree with this guy 100%.

This guy’s been spot on on Twitter. He says the pullback to $38,500 was our last major dip before all-time highs. I don’t think you should expect anything of similar magnitude anytime soon. Everything is pointing to a continued aggressive upside imminently.

Bitcoin dominance breakout and the market structure are kicking butt right now. It’s very, very bullish.

Let’s go over to the Golden Cross right now.

This is the first ever for the total market, the total crypto market, and this is the first ever weekly Golden Cross.

You might be asking, what is a Golden Cross?

It’s pretty much when the 50-day moving average goes higher than the 200-day moving average, and this is a first for the entire crypto market. What you should expect now is Bitcoin to take precedence, right?

It’s kind of like a black hole, and it’s sucking all this liquidity into it right now. What happens is you’re going to see… I’ve never seen a bull market start with pretty much the micro caps.

That’s the first on that, and I expect them to run crazy, alright?

Especially when Bitcoin, once again, reaches about a 55 to 60% dominance.

That’s when it will top, in my opinion, and then that is when it starts going down, and liquidity floods into the altcoins.

It’s going to be really exciting. Anyways, that’s all I have.

The First Ever Golden Cross in History was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

So, I’ve been practicing cryptocurrency trading, and I must say, it’s a real thriller which sometimes makes me feel like my heart is in my throat.

Have you ever been curious about why some people sweat as if they were using buckets when they trade crypto?

To put it in a simple language, I will explain it to you.

First of all, the cryptocurrency markets are similar to a crazy roller coaster. The prices are fluctuating like a roller coaster, which you can’t anticipate being high or low.

It is like when you are watching your money going up and down and you just can’t stay calm.

It is a lasting concern that you may gain or lose money.

The other thing is that cryptocurrency trading takes place 24/7 which means that you can trade it at any time.

It is not like the regular stock markets that operate within certain hours. Hence, even when you are meant to be resting or sleeping, your mind might be thinking about what’s happening in the market.

Indeed, that is the type of the never-ending anxiety that can make anyone’s palms sweaty!

Psychological Biases: Tricks of the Mind:

However, it is not only the market that makes a person to sweat but also the market itself. There is another significant player and that is the brain.

We are the ones who have the tendency to have biases.

They are like these little mind games that our brain plays on us and in a way can interfere with our decisions. Another one is the confirmation bias where we only pick up stuff that confirms what we already know.

Therefore, in case we are thinking that one crypto will rise, we might just be ignoring the signs that say otherwise and doing a wrong trade.

And that’s called loss aversion too.

This is where we lose more money that we make.

In this way, we tend to be the ones who refuse to let go of a bad investment even when we know we should cut our losses and move on because we don’t want to admit that we made the wrong investment.

On top of that, our bodies can be affected by all these stressors too.

These hormones are released by our bodies when we are upset and they include adrenaline and cortisol. These hormones are wonderful for us, when we are in a real fear of some danger, like a lion chasing us.

However, when trading cryptocurrency at our computers, they can easily make us feel anxious and sweaty.

Anonymity and Uncertainty: A Recipe for Anxiety:

Adding to this, the cryptocurrency market has got a tendency to be a bit shady sometimes.

Unlike traditional banks and other types of institutions, there aren’t many rules in the crypto world.

It is simply that there are more opportunities for scams and frauds. Hence, even if you’re doing everything the right way, you can still worry about being taken advantage of.

Final Words

Therefore, that is a wrap.

Crypto trading is a sweat-inducing process because of the roller coaster ride of the market, the funny games our brain plays on us, and the stress it puts on our bodies.

But the beauty of it is that when you’re aware of all these things, you can find ways to stay calm and make better trades.

And who knows, just maybe, you’ll be the one to succeed!

Why Do Some People Sweat Like Pigs in Crypto Trading? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Are you tired of feeling like your Forex trading is not moving anywhere, spending many days on the analysis and earning a little profit at most? I understand how frustrating that can be, which is why I want to introduce you to a game-changing solution: Forex Trading Signal Telegram groups/channels.

These groups are run by professional traders offering live signals to help you make smart moves with massive profits. Recent figures indicate that the Forex market is worth more than 6.6 trillion dollars on a daily basis worldwide.

It is quite easy to get overwhelmed as a novice when dealing with such a wide market That’s what Forex Trading Signal Telegram groups are for. Joining those Forex trading channels will inform you about the possible trading opportunities, and your reaction can be instantaneous.

The World of Forex Signals

Forex signals are your trading co-pilots, offering insights into the market’s ebb and flow. These trading signals are trading suggestions curated by seasoned analysts and sophisticated algorithms.

They provide crystal-clear directives: what assets to buy, when to buy or sell, and precise entry and exit points.

10 Best Forex Trading Signals Channels on Telegram

Here is the list of top 10 best Forex trading signal groups to join for massive profits.

1. WolfX Signals
2. Prime trading signals
3. 1000pipbuilder.com
4. BeSomebodyFX
5. Pump Club
6. Ultreos Forex
7. Learn 2 Trade
8. Pips Alert
9. DailyForex.com
10. DDMarkets

10 Best Forex Trading Signal Providers

Let’s explore a handpicked selection of the top 10 Forex signal providers on Telegram, each presenting distinct advantages for your trading voyage.

1. WolfX Signals

Your Gateway to Crypto and Forex Trading

This crypto signal group allow traders to break into cryptocurrencies or forex trading, even if they are not experienced.

WolfXSignals is not only a mentor, it is a helping hand. The channel is available for free and has more than 150,000 members. They provide two weekly signals that serve as their investment guide. The 24/7 live chat support makes it easy to never get lost, as well as the WolfX Academy equips you with all the tools you need to be confident in the market.

WolfXSignals is an awesome tool that leads you right to the path of success.

2. Prime trading signals

The Diverse Trading Hub

Prime Trading Signals being a full-suite place for those who are experienced in trading and who are getting into the business is the most remarkable feature. On MT4 and MT5 platforms, it has a web interface and includes the features of technical analysis, social interaction with fellow traders, and the marketplace for trading tools and services.

This platform covers both cryptocurrency and Forex trading at the same time, having a small margin of error of 10% in signal accuracy. Thus, they have the user satisfaction in mind and they even offer a refund within three days after joining.

In this respect, the strengths of these alerts come from the experience of “Prime Traders,” whose abilities are verified by their success.

3. 1000pipbuilder.com

Unlock Your Trading Potential with 1000pip Builder

Among the top FX signal providers, 1000pip Builder boasts an unparalleled reputation for delivering premium FX signals. With over a decade of assisting traders, they come highly recommended by a multitude of satisfied members.

What sets 1000pip Builder apart is the independent verification of their high-performance signals by MyFXBook. This validation instills confidence in the strength of the signals you receive. Typically, the service dispatches 2 to 7 signals daily via Telegram and supplements them with detailed email analyses.

A standout feature of 1000pip Builder is the personalized support offered by lead trader, Bob James. Whether you’re a novice or seasoned trader, Bob is there to navigate you through the markets.

In essence, 1000pipbuilder.com excels in providing high-performance FX signals, comprehensive market analysis, and expert guidance. Plus, there’s currently a compelling 75% discount available during their flash sale, making it an opportune moment to join.

4. BeSomebodyFX

A Versatile Approach to Trading

Are you having difficulty in finding outstanding currencies trade ideas in the forex market? If you are looking for an exciting and interactive experience, BeSomebodyFX Telegram channel is just perfect for you. This channel more than just a signal service alone by providing in-depth swing trades that have been professionally designed with an unrivaled mix of technical and fundamental analysis.

But more than that, the videos provided by these personalities not only cover the trade itself but also go into detail about it. The signal is not simply handed to you; rather, you are given analysis which is the foundation of the decision to trade. By learning the art of trading, you can achieve this knowledge yourself.

The BeSomebodyFX is not only about signals but also it about learning from the successful people. They put you on the map, arming you with the knowledge and skills you need to make the right trading calls, even in the most uncertain of times.

In under 300 words, this paraphrase highlights the key points of the original text: BeSomebodyFX gives swing trades that are sure to succeed, elaborate explanations, and educational support, which is what each beginner and professional trader needs.

5. Pump Club

Elevating Professionalism

The Pump Club: Trusted Partner in Forex and Crypto Trading in which You Can Rely.

Have you ever come across a similar situation: you are trading forex or cryptocurrencies and are fed up with unreliable signals and misleading advice? The answer to that question is probably The Pump Club.

They put quality first and that’s why they have become the industry standard — the excellent signal quality and the smart technical analysis have helped them to achieve a reputation for excellence.

For traders who are on the lookout for consistent opportunities, it would be wise to get their daily dose of 1–2 high-quality signals, thus they can seamlessly make the right decisions for trading in the ever moving world of trading.

6. Ultreos Forex

Multiple Plans, One Goal

Ultreos Forex: Custom Signals for each Trader

Ultreos Forex excells by its flexible pricing, the starting price of which is just $75 per month. They’ve gained an unparalleled reputation due to the use of thorough economic analysis and latest technical skills.

Ultreos has a group of experienced traders and analysts who painstakingly develop trade signals by leveraging a wide array of tools. The methods that are applied include price action analysis, impulse and correction strategies, Elliot Wave Theory, classic and advanced patterns, and even complex candlestick patterns. Comprehensive approach to this matter gives an opportunity for traders of any complexity to find a plan that suits them.

In its essence Ultreos Forex provides a package of affordability, trusted expertise and a variety of trading strategies which makes it a preferred choice for both, new and an experienced forex traders.

7. Learn 2 Trade

The Bridge to Forex and Cryptos

Learn 2 Trade, a UK platform, specializes in simplifying your trading through its friendly user interface and 24/7 customer support. This way, your expertise doesn’t matter as you get the best trip.

One important feature that the Learn 2 Trade has is the emphasis on data-driven analysis. The trading signals that they produce are from technical indicators only and are intended for those who are looking for objective data to base their decisions on.

In a nutshell, Learn 2 Trade provides an easy-to-use and supportive environment for both newcomers and pros, focused on data-driven insights for improved choices.

8. Pips Alert

Your Ticket to Lucrative Strategies

Pips Alert offers a dual strategy approach: Venture X for steady long-term gains and Investor X Signals for short-term success. With 15–20 forex signals per week at a cost-effective monthly fee, they aim to achieve monthly profits ranging between 1.5–3.5k pips.

Plus, they stand by their quality with a 14-day money-back guarantee, allowing you ample time to assess their alignment with your trading goals.

9. DailyForex.com

Your Comprehensive Forex Hub

With more than 500 thousand visitors per month, DailyForex.com has won the trust of traders at all levels of experience. Their all-encompassing platform is a treasure trove of information that feature market trends analyses, trading platforms reviews, and much more.

However, DailyForex.com is not just a source of information. They give you the power to make smart trading decisions by providing you with free signals for both popular currency pairs and cryptocurrencies. These signals, which are consequently derived from market analysis, provide you with useful insights to help you stay ahead of the curve.

Whether you are an experienced trader or just a beginner, DailyForex.com will have something for you. With its extensive resources and free tools, it is the best place to upgrade your Forex trading experience.

10. DDMarkets

A Decade of Service

Launched in 2014, DDMarkets serves Forex traders throughout the world. They provide traders with a complete set of tools, from basic and technical analysis that traders use to make informed decisions.

Furthermore, they also give trading alerts via email and keep users updated with the latest market news. The DDMarkets platform has a lot of resources tailored for the beginners who wish to learn the essentials of the Forex trading.

In summary, DDMarkets is an educational platform that equips traders with the relevant knowledge and tools to navigate the Forex market.

Frequently asked questions

What is a Forex Signal?

Forex signals are summarized as processed data obtained from past data on price movement and trading volumes. They provide essential information for decision making when it comes to entering and exiting trades, algorithms and AI technologies are used for this purpose.

Such indications show the appropriate buying and selling times, which are based on forecasted trend prices.

Through Forex signals, traders can avail of the most up-to-date and in-depth analysis of the market at their fingertips. These revelations are broadcasted through email alerts, SMS notifications, and desktop updates, taking into account the variety of traders with different levels of expertise.

What Makes the Most Outstanding Forex Signals?

The top qualities of the first-class Forex signal suppliers are the following: they use professional traders, they focus on the quality of the signals rather than their quantity, they offer automated trade execution.

These qualities thus make it easy to automate trading processes with those signals that are reliable.

Are Forex Signals Legit and Reliable?

Certainly, Forex signals constitute a highly legitimate and beneficial tool. They come from traders’ psychology, technical and fundamental analysis, and thorough market investigation.

Nevertheless, their precision depends on the reliability of the trader or the signal provider.

If you want to be sure, it’s necessary to identify the source of the signal and confirm it through forex trading forums.

What Is the Best Forex Signal Provider?

The most suitable Forex signal provider is relative to your preferences, risk tolerance and also trading objectives. Others select the free signals, while some go for paid services. The type of system you select must match your trading strategy, either based on fundamental or technical analysis.

My favorite is WolfXSignals because they give the correct justification for each signal that their members receive.

Finding Your Forex Signal Match: Conclusions

The process of selecting the right Forex signal provider can be compared to a quest for a needle in a haystack. With so many alternatives in the market, all of them trying to be the best, it’s easy to get overdosed.

But fear not, trader! You can thus power through this challenge with more confidence by identifying your needs and priorities.

First, it’s vital to acknowledge that most unverified track records are advertised, which makes everything even more intricate. But let this alone not stop you completely. Through the articulation of your goals and tastes you can select the information which is relevant.

• Provider details: Search for the information on the providers’ experience, specialization, and trading strategy.
• Cost: There are free and paid services, so select the service in line with your budget and expectations.
• Signal volume: Make up your mind on how frequent the signals should come and whether you are more into intraday or swing trading.

This review is outlining a number of high-quality Forex signal channels on Telegram, which are suitable for different investors. All of them have a long track record of excellent performance; therefore, you can start with any one of them.

Remember, the secret of success in Forex trading is still the same — the right partner that will give you opportunities to find the best ones. You can reach the goal of getting the best Forex signal provider for your journey by using some tips presented above.

10 Best Forex Trading Signal Telegram Groups For Huge Gains in 2024 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Which other multi-trillion dollar asset manager is looking to open their own Bitcoin spot ETF?

Google is now adjusting their advertisement policies to allow the advertisement of financial products that permit investors to trade shares in trusts holding substantial pools of digital currency.

Will deemed eligible for advertising.

So basically, you can’t advertise for Bitcoin directly, but you can advertise for the third-party middlemen that are getting in the way between true ownership over their Bitcoin.

Basically, they’re ushering people into the loving arms of BlackRock, Vanek, Fidelity, instead of, you know, giving them any hint as to how to take true ownership over their wealth.

They’re sting them into custody solutions that BlackRock can offer. Also, we have some news about Europe.

Let me know in your comments right now what percentage of Europeans do you think are bullish on cryptocurrencies, and bonus, what do you think they actually like about cryptocurrencies?

European Views on Cryptocurrencies

Well, Binance has done a poll from people from various countries in Europe like France, Italy, Spain, and Sweden, and it turns out 73% of the people that they pulled are optimistic on the future of cryptocurrencies.

One of the top things that they are most bullish on should be no surprise is price appreciation in the future.

But also really bullish for me personally to know of the top three things that EUR that these Europeans were pulled as being bullish on, of course, price, but also decentralization and innovation.

So I think this actually speaks a lot to those who are paying attention to talks about CBDCs and government-issued digital currencies and the real concerns that those pose for the citizenry.

So for these people to be the vast majority of them bullish on crypto and to have their values pointed towards decentralization, I think is amazing.

So who is the other asset manager at $8.5 trillion of assets under management?

Asset Manager Charles Schwab’s Interest in Bitcoin Spot ETFs

This guy Charles Schwab. They do offer their customers to have exposure to other Bitcoin spot ETFs, but they haven’t launched their own, at least not yet.

There’s one analyst from Bloomberg saying that obviously they’re paying attention to this newfound popularity and demand for Bitcoin spot ETFs now that the cat’s out of the bag, basically.

Not to mention how BlackRock and Fidelity have a combined $4 billion in their ETF sitting right now.

I’m sure Charles Schwab sees the potential and maybe they’re going to be the next one you’re going to see an ad running from Charles Schwab advertising their Bitcoin spot ETF thing.

They’re also saying that one way that they can make themselves more marketable or to have a leg up on the competition is to offer even cheaper fees, so maybe they’re going to even underscore Fidelity and BlackRock.

And what does that mean for Grayscale, whose fees are still like four times that? What are they, three or four times the fees offered by BlackRock now?

And I think that’s why we’re seeing a lot of fleeing from GBTC into these other ETFs and Charles Schwab is probably going to do something similar.

So it’s going to be another entity trying to get their hands on real native Bitcoin because this is a spot ETF.

And not to mention, this is just the US.

Spot ETFs in Other Countries

There are countries around the world that are trying to get their governments to approve spot ETFs, Hong Kong being one of them.

And there’s a lot of talk now saying that there’s one that’s got like 260 million assets under management that is really close to getting approval or they’re hoping to get approved.

So just let your mind wrap around the fact of there is so little Bitcoin compared to the wealth in the world, and everyone wants a piece of it.

And that’s why we should always be looking at the price events happening last week as buying opportunities.

Investment Strategy for Bitcoin

Were you dollar cost averaging?

Maybe you are ramping up your buying opportunity when the prices go cheaper.

That’s according hopefully to your own investment plan and your financial situation.

Always keep that in mind.

If you’re wondering what is a great and actually the most time-tested successful investment strategy for Bitcoin, it’s dollar cost averaging. If you don’t know what it is, do a quick web search.

It’s very straightforward.

Would you like to buy your first Bitcoin and are you curious about the world of cryptocurrencies? It’s not just you.

One of the most well-known and well-liked cryptocurrencies available is Bitcoin, and it’s actually rather simple to get started with.

I’ll guide you through the Bitcoin purchasing process in this blog. At the end of this blog, you’ll get to know where to get it, how to store it, and whether you can invest a little portion of it.

First Step: Get a Bitcoin Wallet

Purchasing a Bitcoin wallet — which I like to refer to as my digital vault — was the first step in my journey. Bitcoin can be sent, received, and stored safely with this wallet.

Software wallets and hardware wallets are the two main categories of Bitcoin wallets.

Because software wallets may be used on a computer or mobile device, they are convenient. Hardware wallets, on the other hand, are tangible items that provide higher security for your Bitcoin assets.

A free software wallet is a better option if, like me, you’re just getting started with a modest sum of money. But for more security, it’s best to use a hardware wallet for significant investments.

Step 2: Find Your Personalized Bitcoin Address

Now that your wallet is configured, locate your Bitcoin address. When you want someone to send Bitcoin to your wallet, you provide them this special code.

It’s a long string of characters and digits that typically starts with a “1” or a “3”.

Step 3: Select the Best Bitcoin Purchasing Platform

Where can I buy Bitcoin? is a frequently asked question.

A cryptocurrency exchange may be divided into two primary categories: trading platforms and brokers. In my instance, I choose to use the latter.

Brokers simplify and ease the process of purchasing Bitcoin, although their fees may be higher. They are ideal for novices such as me.

Conversely, trading platforms facilitate the connection between you and multiple sellers and offer a greater variety of trading possibilities at reduced costs. These are sites better suited for more seasoned users.

To make things easier, I decided to buy my first Bitcoin through a reliable broker.

Step 4: Protect Your Capital

Even though some exchanges let you store your Bitcoin on their system, it’s important to keep your investment under control.

In order to accomplish this, I made sure to use the Bitcoin address I found in step 2 to withdraw my Bitcoin to my personal wallet.

There you have it, then!

You’ve just started your path to owning Bitcoin with pride. You can gain a thorough understanding of the fascinating realm of cryptocurrency by implementing the methods listed above.

I suggest reading in-depth guides on reputable wallets, brokers, and trading platforms to learn more. For that, make sure to follow me.

With the help of these detailed guidelines, you will be able to confidently navigate the world of cryptocurrencies.

Snagging Bitcoin in Under 120 Seconds was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

I’m going to start this off with a tweet from Alex Becker.

“We are seeing some of the most aggressive large sales ever in crypto and the result is a mild drop for crypto with the cells mostly being absorbed.”

Now, there, I don’t agree with everything he says.

Some of his NFT calls were absolutely horrible, but he does understand the macro environment, and that’s really important to understand where we are going in this space.

Now, he’s definitely right about mild drop. This is a small drop in crypto. If you want to go back, I always go back to 2016 through 18. Why?

Because that is when retail first really got involved with crypto, and that is our first kind of blowoff top that the world was watching up to $20,000.

Now, on the way up to $20,000, we had six major pullbacks. The lowest one, the least pullback, was actually the last one, 29%.

What BlackRock’s Dominance in Bitcoin Ownership Means for the Future of Cryptocurrency

Right now, from where we were like 48,500 to 38,500, that’s about a 20% drop, give or take. It’s nothing.

That’s actually 9% less than the smallest major pullback back in 2016–2018.

So, there are a lot of people that are freaked out about different things, like the US about to sell $130 million worth of Bitcoin from Silk Road seizure.

That’s not going to be any big news because they’ve been talking about this since June. The market has definitely priced Us in, so that’s off the table.

Now, something to get you pricewise bullish. I’m not bullish long term on this, but BlackRock now holds 45,600 BTC. Enough that reaches $2 billion, actually with this price increase that we just had, we’re having right now, it’s probably 2.1, 2.2 probably billion dollars.

So, they are doing really well. Plus, what I’ve been predicting is that they are eventually going to own more than Satoshi, who has a million Bitcoin.

Why is that?

Because they are going to stop at nothing. They’re going to be number one at whatever they do.

They don’t get involved without trying to be number one and becoming number one, right?

So, they are going to own the majority of Bitcoin out there that is available and they are going to do whatever it takes, manipulation-wise, to get all that Bitcoin that they can.

The Inelastic Asset: How Bitcoin Protects Against Inflation in a Debt-Based System

Now, something that’s really important that I think BlackRock knows and all these other institutions know, which is why they’re buying all this Bitcoin, is here’s a great tweet from EJ Anthony PhD on Twitter.

‘Has no one else noticed this from Q4 GDP report? Annualized interest for the federal debt, it now exceeds $1 trillion. And is projected by to breach $3 trillion annualized rate by Q4 2030. Insane and unsustainable.’

Yes, they all these institutions, BlackRock, Jamie Diamond, I mean, everybody knows that the amount of inflation out there is uncontrollable.

They can’t stop inflation.

It’s finished, absolutely finished.

There’s no way you’re going to rein in inflation at this point, and there’s no reason to because you know what? It’s a debt-based system that your US dollar is a debt-based system.

It’s been that way since 1971 since since Nixon took the US off the gold standard, and it’s going to continue that way, and there’s nothing that you or me or anyone else or voting or anybody or president can do about it.

It’s going to increase no matter what, and I’ve been saying that this year alone will be the time where there will be more currency printing than any other year prior to this, not all together, but prior to this.

So, get ready for this, but guess what loves monetary inflation? Bitcoin.

Bitcoin is going to protect you because it’s an inelastic asset. You cannot print it out of thin air. It is hardcoded 21 million.

That’s it.