MACAVELLI (@macavelli) • Hey
MACAVELLI (@macavelli) • Hey
Publications
- Kind of Dinner I like
- Read to stay inform
- Ethereum (ETH) Soars Above $ 3.3K, Bitcoin (BTC) Aims for $ 64K
SOL, TON, MATIC, ICP, and NEAR have also posted impressive gains over the past 24 hours.
Bitcoin’s price actions were quite bearish for the past few days once again as the asset fell to $ 62,300 yesterday but managed to regain almost two grand since then.
The altcoins have also turned green today, with ETH jumping above $ 3,300 and SOL reclaiming the $ 140 level.
BTC Challenges $ 64K
It was just over a week ago when BTC went through its fourth halving, slashing the block rewards by half for the miners. At the time, the asset’s price had experienced tons of volatility amid the escalating tension between Iran and Israel.
After a massive drop to under $ 59,500, the cryptocurrency jumped by more than five grand and went above $ 65,000 last weekend. It kept climbing in the first few days of the business week and spiked above $ 67,000 on a couple of occasions.
However, that was short-lived, and the bears quickly reversed its trajectory. Wednesday was particularly painful as bitcoin dumped to $ 62,800. It bounced off to $ 65,000 on Thursday but was driven south once again, dropping to $ 62,400 on Saturday.
- Incredible advertisement by Coca Cola 😳
- Embarking on a Creative Journey!
Starting from April 25th, 2024, I've committed to drawing consistently for 365 days, filling the pages of my new sketchbook with art and creativity. When I complete this project on April 25th, 2025, I'll be gifting this sketchbook to someone who truly appreciates art and will treasure it as a piece of my life and artistic career.
As a bonus, the collector of this sketchbook will also receive a unique fanart, specially created and shipped to them!
The collector of this post will be the custodian of this special sketchbook.
1 of 1 | 250,000 $BONSAI
#art #sketchbook #creativejourney #365daysdrawingchallenge
- How I begin my week
You already know that's the week would be good
Need to have this picture in my office gallery
Joy is coming
Peace Be Unto You All
- Check out Lens SFK 2.0 - STABLE
- Organization doesn't really accomplish anything. Plans don't accomplish anything, either. Theories of management don't much matter. Endeavours succeed or fail because of the people involved. Only by attracting the best people will you accomplish great deeds.
- @lens/nilesh I have been getting this error whenever I tries to mint on orb, curious to know of it's a general issue or just me
- This goes out to our most loyal $BONSAI supporters and collectors, based on @lens/lens reputation score!
Check in @lens/orb now if you can claim ✌️
(Collecting this post: 100 $BONSAI - 30 days - 100% to mirrors)
- “Nothing’s perfect, the world’s not perfect, but it’s there for us, trying the best it can. That’s what makes it so damn beautiful.”—Roy Mustang, Fullmetal Alchemist
Holding on to this for the weekend.
Drop your favourite quotes too.
- What's the reason for the mint?
I'd like to know more about it before minting
- Since the drop, the $BONSAI token has quickly become a culture and economic currency on Lens, kickstarting a fast-growing social and monetization economy
Thank you to our early supporters, let's keep this party going 🔥🔥🔥
- Top 3 Mistakes to Avoid When Trading Altcoins in the Next Bull Run
Here are three important mistakes that many new traders and crypto users make and how to avoid them during the next bull market.
Bull markets in the cryptocurrency industry can get incredibly volatile. Valuations have been known to skyrocket beyond what many can imagine, especially in the realm of altcoins.
Just for reference, the market capitalization of what back then was a relatively new meme coin – Shiba Inu (SHIB) – reached a whopping $ 40 billion in October 2021, during the previous massive bull market. Who could have imagined that an obscure meme coin could surpass a number of well-known and established projects in the industry?
But SHIB is just one of the examples. Many altcoins soar to incredible highs, creating a lot of opportunities for those who understand how to play their cards right.
And that’s no walk in the park. The allure of easy money in the cryptocurrency market has been there for as long as the industry has existed, but in 2024, the trading scene has changed entirely.
In this article, we attempt to take a look at some of the most common mistakes traders and crypto investors make and how to avoid them in the next bull market.
Lack of Clear Targets
Let’s be honest: unless you’re extremely lucky or extremely well-prepared in this market, you won’t retire off of your $ 1,000 investment into a random altcoin during the next bull run.
That’s not to say that this is not possible – people have made millions from tiny investments in SHIB (and other altcoins) during the last massive rally in 2021, but these are outliers. Holding a position that has made you, let’s say, $ 10,000 out of a $ 100 investment turn from opportunistic to irresponsible really quickly, and, at some point, it’s time to take profits.
It’s entirely possible that you hit a home run during a parabolic bull run, but make sure that you have a clear exit strategy prepared for every scenario. Not only that, make sure that it’s a reasonable one.
In the above example, perhaps it’s a good idea to take some money off the table and leave a small percentage to ride the rest of the run (if it even goes on) – that’s the so-called moon bag.
But don’t fumble your profits and roundtrip your massive gains just because you want to retire from crypto at 25. Set clear and reasonable targets and stick to them.
Of course, there are many more things to keep in mind, which include:
Risk management
Networking
Leverage trading and its risks, and so on.
Getting Scammed
Mistake number one – not securing your on-chain bags and getting scammed. This is a story as old as time if time was 14 years old.
“This can’t happen to me…” are the famous last words of anyone who thought clicking on the link in the most recent tweet of MicroStrategy’s official Twitter account was going to bank them a fortune. That’s right – even the corporate account of a multi-billion dollar company was recently compromised, leading to some $ 400,000 being lost to the scammers.
There are countless examples of people with years of on-chain trading experience getting their valuable non-fungible tokens (NFTs) stolen or their accounts being completely drained because hackers got the better of it and managed to trick them.
The unfortunate truth is that it can happen to anyone, and it will happen when you least expect it. And while on-chain security has always been an important consideration, it feels like it’s going to be paramount in the next bull market. Why?
Well, the fact of the matter is that on-chain trading volumes are soaring and are already in the billions. This trend is likely to continue, meaning on-chain security will be of incredible importance.
We have a guide that you must definitely check out, related to keeping your coins safe:
It includes some of the best practices, and it’s worth checking out. Don’t lose your hard-earned coins to scammers.
Chasing FOMO
The fear of missing out, otherwise referred to as FOMO, is a common psychological state where people feel tempted to enter a trade after the price has increased significantly, thinking that the rally is just about to begin.
The important thing to understand here is that it’s completely irrelevant whether or not the price continues going up after you have “fomo’d” in a trade. It’s imperative that you have a clear reason for each trade, and FOMO is never a good one.
Sure, no one is immune to it – you are bound to feel as if you’re missing out on the next big thing at some point. But try not to give in to this emotion immediately. Use it as fuel to dig into the asset and the trade.
Use the FOMO to your advantage and leverage it into finding out everything there is to know about this asset, and then, only then, will you be able to make an informed decision whether to enter the trade or invest in it.
Otherwise, it’s nothing but gambling – sure, you make some money here and then, but chances are that you will be left on the other side of the trade when the chart has ended up looking like Burj Khalifa.
- Fear Not Cuz The Bull Seaosn Is Here
- Uniswap Skyrockets 80% as Bitcoin Stalls at $ 51K
- Top 3 Altcoins to Watch in March
- Reddit Is Invested In Bitcoin and Ethereum, SEC Filing Shows
The firm may add other cryptos to its treasury in the future if it regulators determine that they are not securities.
Social media platform Reddit filed an S-1 registration statement with the Securities and Exchange Commission (SEC) on Thursday, in a bid to go public on the New York Stock Exchange (NYSE).
The filing revealed that the company has invested some of its “excess cash reserves” into multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).
According to the filing, the company also acquired both ETH and one of the network;s layer 2 tokens, Polygon (MATIC) “as a form of payment for sales of certain virtual goods.”
“We also acquired and hold digital assets that are cryptocurrencies for use by our product and engineering teams, which is limited to specific uses,” the company stated.
As of December 31, the firm clarified that it only held BTC and ETH as crypto assets for treasury purposes. It also said that the net carrying value of its BTC and ETH holdings was, at that time, “immaterial.”
In the future, Reddit does not intend to invest in other cryptos unless they are identified as likely not being securities by federal regulators.
- Hahaha
This makes me laugh
- Saving this on my phaver gallery
- Ai Arts
- Who do have the feelings like me?
- Cole Palmer is killing it for Chelsea since leaving Man City - but Pep Guardiola was still right to let him go
- Crypto Market Cap Surges to $ 2 Trillion, Bitcoin Taps $ 52K as ETH Trades at $ 2.8K
This week saw crypto’s total market cap exceed $ 2 trillion as Bitcoin’s price goes for the highs.
The past seven days in the cryptocurrency market have been absolutely blasting. The total capitalization soared above $ 2 trillion for the first time in a long while, as the entirety of the market charts considerable gains.
Bitcoin seems to be ahead of the pack for the most part, charting an increase of more than 10% in the last week. At the time of this writing, the price hovers right around $ 52K, but it went above it on numerous occasions in the past 24 hours.
The massive rally seems to be driven by consistently high inflows in spot Bitcoin exchange-traded funds. It appears that the investment product is attracting massive interest, with over $ 4 billion already being poured across a number of these products. BlackRock’s BTC ETF, somewhat expected, is leading the race. What is even more interesting is that gold ETFs are seeing outflows. Many people speculate that investors are turning to BTC instead.
The rest of the market is also well in the green.
Ethereum is trading at almost $ 2800, up 11% at the time of this writing. The cryptocurrency went above that price earlier this week, but today it seems that the market is in a slight correction.
- Crypto Markets Cool Off After Recent Rally, Bitcoin (BTC) Stalls Below $ 52K
Tron is among the few larger-cap alts with a notable increase today.
After numerous consecutive days of charting impressive gains, Bitcoin has calmed at just under $ 52,000.
The altcoins have also stalled following the recent price surges, with ETH dipping below $ 2,800 and AVAX slipping below $ 40.
BTC Calms Below $ 52K
The primary cryptocurrency had a highly impressive run over the past ten days. It all started on February 7 when the asset finally broke out of its tight range in which it stood for a week – at around $ 43,000.
The bulls took complete control of the market and initiated a few consecutive price jumps that resulted in BTC knocking on the $ 50,000 door by the end of that week. After a brief rejection, the cryptocurrency went on the offensive once again and reclaimed that level on February 12 (Monday).
The US CPI numbers pushed it south by a few grand, but that was short-lived. The asset started rising in value once again and soared to $ 52,900 on Thursday to mark its highest price tag since late 2021.
- How about this?
- Here’s How Much BTC Bitcoin ETFs Amassed in the First 6 Trading Days
BlackRock’s iShares Bitcoin Trust (IBIT) is topping the Newborn Nine with 33,706 BTC.
The recently approved spot Bitcoin exchange-traded funds (ETFs) amassed thousands of bitcoins (BTC) in their first six days of trading as volumes increased and their assets under management (AUM) surpassed $ 3.96 billion.
Data shared by Eric Balchunas, senior ETF analyst at Bloomberg, showed that “the Newborn Nine” has garnered over 95,297 BTC since they started trading on January 11, 2024. Adding the new funds’ assets to that of the Grayscale Bitcoin Trust (GBTC), the ETFs currently hold a total of 647,374 BTC.
New ETFs Hold 95K BTC
According to Balchunas’ tweet, BlackRock’s iShares Bitcoin Trust (IBIT) is topping the Newborn Nine with 33,706 BTC, followed by the Fidelity Wise Original Bitcoin Fund (FBTC), which holds 30,384 BTC.
Fidelity’s ETF is followed by that of Bitwise (BITB), which holds 10,235 BTC, Ark Invest/21 Shares’s ARKB, holding 9,134 BTC, and Invesco’s BTCO with 6,192 BTC. The VanEck Bitcoin Trust (HODL), the Valkyrie Bitcoin Fund (BRRR), and Franklin Templeton’s EZBC have the lowest figures, having amassed 2,566 BTC, 1,726 BTC, and 1,169 BTC, respectively.
On the other hand, the WisdomTree Bitcoin Fund (BTCW) has the least assets, sitting at 182 BTC. GBTC, which has existed since 2013 but was converted into an ETF earlier this month, holds more than 552,077 BTC, emerging as the spot Bitcoin ETF holding the most BTC.
New Nine Overwhelm GBTC
Balchunas explained that despite GBTC recording $ 590 million in outflows on Friday, BlackRock’s IBIT, Fidelity’s FBTC, BTCO, and HODL overwhelmed the fund with their “best hauls to date.” The total net flows of the Newborn Nine sit at approximately $ 1.2 billion, with an AUM approaching $ 4 billion, while GBTC’s hovers at $ 2.8 billion, upping the AUM share to 14%.
The Bloomberg analyst speculated that only a small minority of the GBTC outflows would go to the new ETFs as most of the fund belonged to the bankrupt crypto exchange FTX and some traders.
“The more we think about it and talk to ppl, prob only a small minority of the GBTC outflows are likely going to the Nine right now as much of it was FTX and traders who arb-ed discount. Also the proportionality of the flows to the size of the firm is almost perfect, indicating flows due to reach/distribution/hustle,” he stated.
- Apricot chicken
The 1970’s saw us getting pretty creative with our dinners, especially when it came to adding fruit to savoury dishes. Ham steaks Hawaiian (grilled ham with pineapple) was on high rotation in our house, my mother would set grated carrot in orange jelly and serve as a side at barbecues, and restaurants were serving up duck a l’orange. And then there was apricot chicken. Before the (brilliant) invention of ring pull cans, we were at the mercy of can openers. In the case of cans of apricot nectar, we used the pointy part of the can opener to pierce two holes on the top of the can to allow the thick syrup to glug into the frying pan. The remaining nectar was stored in the fridge where we’d sneak decadent sips straight from the can. This apricot chicken recipe is a twist on the one mum made, swapping the French onion soup for Moroccan spice mix to create. sweet and savoury sauce - this is the comfort food of my childhood with a bit of a grown-up edge. Thanks to recipes like this we’ll be eating apricot chicken for generations to come.- Alison Adams - Food Writer and Recipe Tester
- Bloodbath Continues as Altcoins Keep Plunging and BTC Dumps to 7-Week Low
The total crypto market cap has lost approximately $ 100 billion in the past two days alone.
The adverse price movements in the cryptocurrency market continue, with BTC dropping below the coveted $ 40,000 mark for the first time in nearly two months.
The altcoins have suffered even more, with major losses from the likes of SOL, AVAX, DOGE, DOT, LINK, and others.
Bitcoin’s Struggles Continue
Now that it has been almost two weeks since the launch of the first spot Bitcoin ETFs in the US, it’s safe to conclude that the short-term effects of the approvals have been quite unfavorable for the asset and the entire industry. After the initial hype that propelled it to over $ 49,000, BTC reversed its trajectory almost immediately and slumped to under $ 42,000 by the next day (Friday).
It managed to recover some ground and returned to $ 43,000, where it spent most of the next week or so. However, this past weekend saw another decline that drove Bitcoin to around $ 41,000. The start of the business week kept this negative momentum going, and the asset fell to $ 40,000 yesterday and was below that line earlier today.
As of now, BTC stands at a 7-week low of under $ 39,500. Its market cap has plunged to $ 773 billion, while its dominance over the alts is at 50%, as most of them have plummeted even more.
- The future of Artificial Intelligence.
- Deep one
- 🎉 Announcing Mocaverse Christmas Meme Contest WINNERS!🎄
Congratulations to the first place 👏
🏆 Heathley - Awarded Moca #872 NFT +50k Phaver Points
🌟 Followed by spoiler, cartier, phaverianseo, jira, Sunnysidetech, memehouse, Rancisky, resull, mangorumbles, erenxdolu - Awarded +25k Phaver Points each 🏆
🔍 Selection process: Winners were first determined based on the highest number of LEGIT stakes per post, in line with the rules stated on the Mocana website. This was followed by a detailed evaluation of post engagements on Phaver and X.
All participants who completed the mission have earned 75 Realm Points! 🎊
Thank you everyone for your creative memes, which added a special touch to the holiday season! 🥳 💜 Keep Phavering! 🦄
- 🤩Today is the day
🎉 @XAI_GAMES listing
🚀What a day to list
🚀 #BTC up
🚀Alts up
🚀 $ARB up
🚀 ETF approval around the corner
🤩Joy is coming for our community members
🤔R u ready?
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1744530823754416171?t=K-JN0q7Xxb4S-6_D1ceFBA&s=19
- Another one to phaver gallery
- Another piece of artwork
- Love this AI art
- Feed Me More Hopium
Let’s see how it goes.
- Money Protocols To Interact With
2024 would be full of bang bang bang.
I will be there.
- Best Caption for this please.
AI making me blurr
- How I feel after seeing my bags
- All will be well fams
- Holding ON TO MY JPEG for life
- SOLANA ON STEROIDS
- Trading Live On OTC Market Place
Joy Is Coming
- GM GM Frens! 💜
Our BIGGEST launch, Phaver Communities is coming! 🎉 We’re eager to unveil the details 🦄
Join us at Community Call # 21 for the full scoop... 👀
⏰ Thursday, Dec 7th, 3PM UTC
📍 Phaver Discord Stage 🕺
Add to calendar" and enter the raffle at: https://link3.to/e/nVUO8v
A lucky 10 will win 1000 Phaver Points each 👑
Who's joining? 🚀
- Me To Phaver in 2022
I will always be there no matter what.
- ApeCoin Explodes 17% in a Day, Bitcoin Stopped at $ 38.5K (Weekend Watch
- Good morning to those holding
Good morning to the lucky ones
Good morning if you don’t own one yet.
Good morning all.
Keep PHAVERING.
Something big is coming.
- KEEP BUYING THE DIP
- AI is so lit that you won’t want to believe it.