Some things I've learned after hodling bitcoin since early 2017
1. Never believe anyone's price predictions. 2. Don't "diversify" into other cryptos; none of them are actually decentralized, everything except bitcoin is a shitcoin (yes, really), and it's all gambling. The point of bitcoin is not gambling, but to end modern day slavery (fiat currency). 3. When everyone you know is talking about bitcoin, you're at the top of a bull market. You'll likely be too exuberant to realize it though. It will be obvious in hindsight. 4. Don't "trade some altcoins on the side to get more bitcoin". You are not that smart, and the overwhelming probability is that you will get wrecked. 5. DCA into bitcoin. Ignore your emotions. Don't try to time the market. Just stack what you can every paycheck. 6. Don't be too excited about bitcoin; people will feel like you're scamming them even though you're just trying help. 7. Go to meetups & conferences. Don't be isolated. Bitcoiners are generally very awesome people. 8. When people ask you about how to buy bitcoin, send them to a BITCOIN-ONLY company. Example for why: My cousin bought bitcoin (on Coinbase) during the bull market, then sold it for shiba on the same platform and now she pretty much lost everything. Bitcoin-only companies are the safest option to keep newbies from doing newbie things. 9. Be on #bitcoin twitter and nostr. Obviously if you're reading this, you're already here...but I didn't get on twitter until 2020 and can tell you that it's a lot less lonely hodling bitcoin when you see a bunch of other people on this platform experiencing the same things you are. 10. Be skeptical of influencers. Even me (I'm not a huge account, but still). Some are good, some are bad. Even if they have good intentions, their judgement can be clouded by bad incentives. 11. Stop trying to convince everyone you know that bitcoin will make everything better (even though it will). Instead, be a good resource for the people who eventually reach out to you about it. Be known as "the bitcoin guy" and let people come to you when they're ready. Have good content prepared for them to read/watch when they do. That is all. It's been a great ride so far and I'm happy to know you guys. #bitcoin #dyor #crypto2023
Top 10 Altcoins Crypto Developers Focused On Most in the Last Month Revealed
Santiment, a cryptocurrency analysis platform, analyzed developer activity on GitHub over the past 30 days and shared the altcoins that saw the most development activity in their cryptocurrency projects. According to the company’s report, developer activity continues to be a key indicator of the technical development and ecosystem growth of blockchain projects. According to the shared data, MetaMask USD (mUSD) once again topped the list, as it has for a long time. The stablecoin project took the top spot by achieving its highest development activity in the last 30 days. It was followed by Hedera (HBAR) and Chainlink (LINK). The list also featured projects representing different blockchain infrastructures, such as Internet Computer (ICP), Starknet (STRK), and Aztec (AZTEC), which ranked highly. According to Santiment data, the ranking of developer activity over the last 30 days is as follows: MetaMask USD (mUSD) – 1.130Hedera ($HBAR ) – 291.23Chainlink ($LINK ) – 276.37Internet Computer (ICP) – 241.27Starknet (STRK) – 203.73Aztec (AZTEC) – 190.63Aptos (APT) – 150.50Cardano (ADA) – 142.70Avalanche (AVAX) – 140.00NEAR Protocol (NEAR) – 130.80 *This is not investment advice.
Bitcoin eyeing $36,000 drop as major crash signal forms
Bitcoin (BTC) may be facing a significant correction after a key bearish technical signal emerged on the three-day chart, raising the possibility of a move toward the $36,000 level. According to insights from TradingShot in a TradingView post on March 6, this outlook stems from the fact that the cryptocurrency has formed a death cross on the three-day timeframe. Bitcoin price analysis. Source: TradingView Notably, the pattern occurs when the 50-period moving average (MA50) falls below the 200-period moving average (MA200). The signal historically appears during major bear cycles and has often preceded extended declines in the cryptocurrency’s price. Based on historical data, each time this pattern has appeared since 2014 during a bear market phase, Bitcoin has continued to fall sharply after the crossover. During the 2022 market downturn and the 2018 crypto winter, the asset declined by slightly more than 52% after the signal formed. In the earlier 2014 cycle, the drop was even steeper, reaching approximately 57%. The current setup shows the MA50 turning lower and crossing below the MA200, confirming the bearish crossover. Bitcoin is also trading beneath both trend lines after losing momentum near $70,000, a structure that historically signals weakening market strength. Bitcoin next low target If the pattern follows previous cycles, Bitcoin could see a similar decline. A roughly 52% drop from the crossover area would place the price near $36,000, aligning with the 1.618 Fibonacci extension that marked bottoms during the 2018 and 2022 bear markets. Based on this historical behavior, analysts view the $40,000 to $36,000 range as a potential accumulation zone, with $40,000 aligning with the Fibonacci extension and $36,000 reflecting the typical post–death cross decline seen in prior cycles. This bearish outlook comes after the cryptocurrency climbed to nearly $74,000 between March 4 and March 5, marking a one-month high and briefly boosting trader optimism. The move was driven by short squeezes, renewed inflows into spot Bitcoin ETFs, and perceived resilience amid escalating geopolitical tensions in the Middle East. During the rally, Bitcoin also moved alongside a strengthening U.S. dollar, an unusual correlation that has emerged since late 2024. However, the momentum quickly faded, with a pullback wiping out much of the week’s gains. Bitcoin price analysis At the time of reporting, Bitcoin was priced at $67,955, well below its 50-day SMA of $75,548 and significantly under the 200-day SMA at $96,080. Bitcoin seven-day price chart. Source: Finbold Trading beneath both moving averages typically signals bearish market conditions and indicates that the broader trend remains under pressure. Momentum indicators, however, paint a more balanced picture. Bitcoin’s 14-day Relative Strength Index (RSI) currently stands at 45.93, placing it firmly in neutral territory. The RSI measures the speed and magnitude of price movements on a scale from 0 to 100.
Ethereum Foundation Sells 1K ETH Through Leather.finance
According to Foresight News, the Ethereum Foundation has reportedly sold 1027 ETH through the swap aggregator leather.finance. The transaction, which took place a few minutes ago, is valued at $2,191,135, with the selling price set at $2,133 per ETH. The 2.19M DAI, which is the equivalent of the transaction, has been transferred to a multisig address starting with 0xbC9. The purpose of this transfer remains unknown.