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Crypto weekly!
Bitcoin BTC/USD has seen more than $1.5 billion in profits realized since July 18, marking the largest profit-taking since December 2024. Trader Ted Pillows noted that despite minor 2–3% dips causing panic, true tops involve mass selling to go all-in on crypto—something not currently observed, suggesting further upside potential. Ethereum ETH/USD+4.00% : $575 million have been realized since Aug. 16, the largest in this cycle, showing longer-term ETH holders taking profits. Solana SOL/USD+6.00% : more than $105 million realized since Aug. 17. XRP XRP/USD-2.00% : On July 24, $375 million was realized, reflecting strong distribution similar to December 2024. THESE ARE ALSO MY HIGHEST PAID RETURNS THAT I HAVE INVESTED IN ‼️
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Staking Crypto 💤💰
Literally earn money while you sleep 💤🥱 Staking in cryptocurrency is the process of participating in a blockchain network's operations by holding and "locking up" a certain amount of cryptocurrency in a wallet to support the network's security, operations, and governance. In exchange for staking, participants typically earn rewards, often in the form of more cryptocurrency. Here's how it works in general: 1. Proof of Stake (PoS): Staking is commonly associated with Proof of Stake (PoS) and its variants like Delegated Proof of Stake (DPoS) or Proof of Authority (PoA). These are alternative consensus mechanisms to Proof of Work (PoW), which is used by Bitcoin. In PoS systems, validators (those who stake) are chosen to create new blocks based on the amount of cryptocurrency they’ve staked. The more you stake, the higher the chances you’ll be selected to validate transactions and create new blocks. 2. Rewards: The primary incentive for staking is earning rewards. Stakers earn a portion of the network’s transaction fees or newly minted coins as a reward for helping to secure the network. The rewards are proportional to the amount of crypto staked. 3. Lock-up Period: In most cases, when you stake your cryptocurrency, it may be locked for a certain period. This means you can’t freely move or sell it during that time, though the lock-up period can vary by network. 4. Risks: While staking can be profitable, it comes with risks. For example, if you’re staking through a third-party service (like a staking pool), you might face risks related to the platform’s reliability. Additionally, some PoS networks penalize stakers for malicious behavior or if their nodes go offline. 5. Staking Pools: For those who don’t have enough coins to stake on their own or prefer not to set up a validator node, staking pools offer a way to combine resources with other stakers. This increases the chances of earning rewards but comes with a fee taken by the pool operator. Some popular cryptocurrencies that use staking are Ethereum 2.0, Cardano (ADA), Polkadot (DOT), and Solana (SOL). Each has its own staking rules and rewards structure.
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Why invest in crypto ⁉️
🚀 1. High Return Potential - Cryptocurrencies like Bitcoin and Ethereum have had massive price increases over time. - Some investors have seen 10x, 100x, or more on early investments (though this is rare and risky). Example: Bitcoin went from under $1 in 2010 to over $60,000 in 2021. 🏦 2. Decentralization and Control - You own your crypto without needing a bank or government. - No middlemen — your money is in your control if you store it securely. 🌎 3. Global Access and Inclusion - Crypto allows people in countries with unstable banking systems or inflation to preserve value. - All you need is internet access and a digital wallet. 💡 4. Innovation and Technology - You're investing in next-gen tech like: 📉 5. Hedge Against Inflation (Debated) - Some view Bitcoin as “digital gold” — a store of value that protects against fiat currency losing value. - This view is controversial; it's not yet proven over the long term. 🪙 6. Early Adoption Opportunities - Crypto is still a young market. Some believe it's like investing in the internet in the 1990s — risky, but potentially revolutionary. ⚠️ But Be Aware: - Volatility: Prices can swing wildly in hours or minutes. - Scams & Hacks: It’s unregulated in many places. There are many bad actors. - Regulatory Uncertainty: Governments may restrict or tax crypto. - No Guarantees: You can lose your entire investment.
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What is crypto?
Crypto, short for cryptocurrency, is a type of digital or virtual currency that uses cryptography for security. Unlike traditional money issued by governments (like dollars or euros), cryptocurrencies are typically decentralized and operate on blockchain technology. Key Features of Crypto: 1. DecentralizedMost cryptocurrencies are not controlled by a central authority (like a bank or government). Instead, they run on a distributed network of computers. 2. Blockchain TechnologyThis is the digital ledger that records all transactions across the network. It’s public, transparent, and very difficult to alter, making it secure. 3. Secure and PrivateCrypto uses advanced cryptography to secure transactions and control the creation of new units. Some coins (like Monero) focus heavily on privacy. 4. Digital-OnlyCryptocurrencies exist only in digital form — you can’t hold a Bitcoin in your hand. 5. Global and Fast TransactionsYou can send crypto across borders in minutes, often with lower fees compared to banks.
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