In 1983 cryptographer David Chaum gave the concept of eCash. It was the first digital cash idea.
In 1998 Bit Gold and B-Money concepts came. These were the ideas before BTC.
In 2009 Bitcoin was launched. First decentralized Blockchain technology.
In 1990 a company named DigiCash was formed.
The company's job was to convert bank notes into digital tokens that could be spent online. How did it work:
1. People bought digital notes from the bank 2. That note was encrypted. The bank didn't know who you sent it to 3. That token was used to buy things from online shops 4. Privacy. Like BTC, this was also anonymous. This was its biggest feature
In 1998 DigiCash went bankrupt. At that time people preferred using credit cards.
It was centralized. The bank had to be involved. It was not decentralized and the internet was not that common, so eCash failed. But Bitcoin got inspiration from that same idea. David Chaum is called the 'father of digital cash'.
Is all of this a coincidence? Or as we have been told, that anonymous Satoshi Nakamoto made this Blockchain technology? Or were these ideas already present long ago and work was going on, and it was finally launched?
In crypto, if someone buys, deposits money into any coin or token, the market turns green. And when the money is withdrawn, the market crashes. So the question is, traders deposit the money, but who withdraws the money from there? In crypto there is often a loss. You must have heard people say this. So where does the money of the person who makes a loss go? Have you ever thought about this? We have only been told this.
Market analysis, Technical analysis, Fundamental analysis, Sentiment of the market. We are told to learn trading. But even after learning everything, the whole market crashes on just one news, and on just one news the market pumps massively.
What's happening in the market right now: 1.BTC is pumping - Everyone's eyes are only on BTC. BTC dominance is going up, so people are buying BTC. 2. *Alts are sleeping - Alts haven't moved as much as BTC has. That means the money is parked in BTC right now. 3. *Dominance breakout - As soon as BTC dominance makes its top and starts falling, all that money will move out of BTC and into Alts.
What does this mean? When BTC dominance falls = Altcoin Season starts That's when the alts that are *fundamentally strong will pump. Shitcoins won't run.
You said it exactly right - *"Only fundamentally strong projects will pump"*
What strategy should we keep now? 1. *Don't FOMO* - Don't jump into every altcoin 2. *Look for strong projects* - Ones with real use case, team, community and good TVL 3. *Watch the Dominance chart* - Entry into alts is best when dominance starts to fall
Which alts do you consider strong right now? Are you waiting for ETH, SOL, or any others for alt season?
$BTC $77,000 crossed. All of this is due to the kindness of short traders. All the traders who opened short trades and in the greed that BTC will short, the pump is happening just to liquidate them
$BTC 75,000 FOMO %100 Now what is going to happen, no one in the world will tell you. I will tell you. Just like I predicted that first the price will pump according to technical analysis and I also shared the chart, while everyone else got traders to short, I said long.
Now the market will come to 70,000 then 65,000 after that 60,000 and then it will show us one wick which will be from 55k to 50k. Telling you in advance. Now how should we make the entry,
$ETH First Entry 1500✅ 2nd Entry should be between 1400 to 1380.
$SOL First Entry 60✅ 2nd Entry should be between 55 to 50.
BNB First Entry 500✅ and 2nd Entry should be between 450 to 400.
You can select any other from the rest of the fundamental coins but only fundamentals. And when the price comes to 60,000, the first Entry and 2nd final should be between 55k to 50k. Thank you
The same thing happened in 2021. Don’t do any FOMO. The market will come down and I made this prediction not today, exactly 3 weeks ago. The market will go to 70k. So now what’s next is this: now the market will stay there for some time, do a honey trap and come down. The levels will be
60k 55k final 50k. After that the move up will happen. That’s why for now you all should wait for the market to come down to make entries in alt coins and to buy fundamental coins in spot.
$BTC Whatever prediction I made about BTC turned out to be correct and I know what is going to happen next in the market. Yesterday I saw on Square that a lot of people were given short trades but on my profile I pinned a post about how far the price will go and what else is going to happen. Stay connected with me on Binance. Thank you