Naamloos

[bitcoinsiders]

Prestige projects to generate a passive income

I am increasingly asked 'what do you actually do ?' Which projects do you invest in? Which coins will you buy now that the bull market has started? That's why I decided to create the Crypto Guide landing page with my prestige projects. These are the projects that together provide me with a nice monthly passive income. An overview of crypto companies / services , partners , other investments and crypto projects that we believe in, use and invest in for a good ROI. From Bitcoin mining to CryptoTraders and Forex Trading to generate more Bitcoin. We are involved in a number of these projects and have a lot of knowledge about them. In addition, extensive background research has been conducted by us or partners. The top of absolute prestige projects that can generate a nice passive income by diversifying. On average it would be between 3-10% passive income per month per project. There are a number of investment brokers, especially in the first four. Please note : Not financial advice, but my personal opinion. Bitcoin Mining as a passive income Bitcoin becomes, the more profit you can realize because your production costs are below market value. If you believe Bitcoin can shoot to 75k, 100k, 150k or even 200k in the coming bull market or a cycle after that. Then Bitcoin mining becomes exponentially more interesting than Bitcoin buying. As the price of Bitcoin goes up, the cost of buying becomes higher and higher. With mining, you can keep producing them below the market price. Review Mining Free consult Epic Mining offers the unique opportunity to purchase Bitcoin miners at lower bulk prices. Everything is arranged for you. All you have to do is watch how your capital increases and pay the electricity bill every month. With Bitcoin mining you create Bitcoin below the production value. The higher the price of Bitcoin becomes, the more profit you can realize, because your production costs are below market value. 'Buy Low Mine High' for optimal profitability. CryptoTrader that Benefits from Volatility Due to high volatility in the current market, I set my Satoshi Bot to 'cautious' settings by setting the minimum percentage between new trades to 6% . I set the minimum profit percentage to 1% . The bot can then determine from a 1% profit where the 'best' sales point is. Satoshi Bot trades with me on ByBit to keep trading fees as minimal as possible ( 2.5x lower than Bitvavo ). There is an article where I go into more detail about results and settings. The image is an overview of profits in a week . Start taking advantage of the volatility. Read more about the Bots Try Satoshi Bot for free Satoshi Trading Bot is an automated  Cryptotrader  with the ability to grow your portfolio earn a passive  income. Without any stress, effort or knowledge. Everything is up and running within 15 minutes. Follow these instructions to connect and launch your bot. Satoshi bot is accessible and you can get started from 50 euros per trader. Crypto Exchange for Trading Satoshi Bot - Create an account for free , deposit money and receive a bonus amount. - Deposits of $100 or $300 will receive an additional $20 or $40 credit by registering via Crypto Guide. - Take advantage of this extra credit by depositing Crypto or FIAT.Easily connect your ByBit account with the CryptoTrader via API for seamless trading and low fees. Deposit $300 and get a $40 bonus Automatic Forex trading for more Bitcoin and/or USD. I have LegacyX that also does Forex Trading, but it can also be done from Bitcoin (BTC) through their broker You can choose whether you want to generate more BTC or USD. Last month they closed with a profit of 9.48% That's quite a result. Imagine having 9.5% more BTC in one month while BTC is also rising fast! View the presentation Register now You will find step-by-step instructions for opening an account in this onboarding guide . LegacyX offers the option to share your referrals with others if you are satisfied. If you do this you can earn something. It functions like MLM and in ' The Presentation ' it is all clearly explained. Satoshi FX – Automated Forex Algorithm If you prefer a safe bet with less volatility, then in addition to Crypto, there is also the Forex market in which currencies are traded against each other. Here you can simply start from USD to earn more dollars this way. Always a safe alternative to have running alongside Crypto. A small part of my assets is here to produce a 70% return every year . More info Download account instructions Groundbreaking trading technology that delivers profitability from average investors to leading financial institutions. With over 9 years of historical data, we provide reliable hedge fund strategies for retail broker accounts. Download the bot setup instructions and create an account on Raze markets to also grow over 70% per year . Broker on which Satoshi Forex Algorithm trades Discover Raze Markets: The world's personal broker with advanced trading solutions for both retail and professional traders. Unlock the true trading power of the world's most liquid assets with Raze Markets. Here you need to create an account so that your Satoshi FX algorithm can generate a nice passive income for you. You can join this PAMM strategy from: $2,500. Download the instructions for the steps of turning on your Forex algorithm and of course create an account: Open an account Learn to invest with a personal plan Discover Mitchell Weijerman's Early Retirement Club (ERC), where Bitcoin mining is just one of the 'eight Cashflow Kings'. This exclusive strategy, found on Crypto-gids.nl, allows you to put together a personal investment plan using valuable lessons. With ERC you get access to a community that guides you in building passive income through investing. They help you change from a 'gambler' to an 'investor' with a clear strategy and battle plan. By working out everything in detail, you can speak of a well-thought-out strategy. Free Strategy Call 20-min Mooguul Crypto Payment Card Once you earn that crypto automatically and passively, it is useful to no longer be limited by dull banks and other dusty companies with all kinds of questions about the 'origin' of your new digital money. With our partner Mooguul you can easily apply for a payment card without any hassle and you can pay anywhere where credit cards are accepted. So neat! With CryptoGids as a code you also get $150 instead of $100 cashback, so don't be a thief of your own wallet . Request a card with code CryptoGids Digital Gold in Video Games Welcome to Aurus: bringing precious metals to the world of crypto for easy purchasing, trading and usage. Become a member today and discover the possibilities of gold, silver & platinum on the blockchain. Enter a world where tradition merges with innovation for limitless possibilities. Together with Authic Labs, Aurus is now also taking the step into the largest and richest gaming industry in the world. Will Aurus become the digital gold of games? Read more Exposure among the Crypto target group? Do you want to bring your company, product or service to the attention of an active and involved community? Advertise on BitcoINsiders/Crypto-Gids and reach tens of thousands of visitors. Use our channels including Instagram, Facebook, Twitter , LinkedIN, Discord, Telegram, WhatsApp, YouTube and more. Become a partner of the fast-growing platform and increase your exposure in the crypto world. The bull market always has a tendency to grow attendance exponentially. Please contact us 'Not your Keys not Your Coins' and 'Be your own Bank' Two ancient crypto jargon 'proverbs' that still cover it all. Buy a hardware wallet and store your crypto safely..,, It doesn't cost a lot of money, it doesn't take a lot of time and it's not difficult. Get your shit together or you'll regret it! Protect your crypto assets by safely storing them in a wallet where you have control over your private keys. The recent FTX drama once again highlights the importance of cryptocurrency self-management (your Keys). Prevent the risk of loss by choosing your own storage method, away from the dangers of central parties. Hodl your Crypto Safu Read more… Dollar cost average (DCA) in Crypto with Finst. 'Purchase crypto in parts' Meet Finst: a revolution in the crypto industry. The Dutch platform, founded by former DEGIRO experts, already has 'Crypto Bundles'. Similar to ETFs, investors can now buy several crypto currencies simultaneously in one bundle , owning the assets themselves. Automatically buy Crypto (DCA) at predetermined daily, weekly or monthly times . Have this automatically sent to your external wallet from your Finst account without having to take any action yourself. 'That's what you call thinking from the customer's perspective', as Mike Hoogland – affiliate manager said during our interview. Register for free Watch the interview Free cashback in Crypto via a browser extension Free Bitcoin what you get from shopping online. While issuing FIAT. Whuuut. I have already received 400 Euro cashback in Bitcoin by spending online, which I was going to do anyway on booking dotcom, bol, airline tickets, clothing, jumbo and countless other stores... Create an account and benefit immediately: Free up to 5% cashback in BTC Discover Satsback: the revolutionary cashback solution with satoshis (smallest unit of BTC) instead of FIAT. Earn satoshis while shopping online through the free browser extension. Take advantage of Bitcoin's growth while you spend (shop) and automatically receive some % satsback at participating merchants. Save the currency of the future for free with Satsback! Earning Bitcoin by spending FIAT is the best part yet! Podcasts with various guests on the YouTube channel The number one platform for news, projects, trading, information and explanations about cryptocurrency. Join our Telegram and join our community. Follow us on socials and be the first to be informed of the latest news in Cryptoland Subscribe to our YouTube channel Read the full article

[bitcoinsiders]

Crypto Payment Card and Trading Without KYC? This is how!

In the world of cryptocurrency, the way we trade and manage our digital assets is constantly evolving. However, this growth has a downside, as banks and governments feel an urgent need to regulate and impose rules such as Know Your Customer (KYC). KYC and Privacy: Balancing Acts or Foes? KYC stands for "Know Your Customer" and refers to the process by which a company or financial institution verifies the identity of its customers. The purpose of KYC is to prevent and detect financial crimes such as money laundering, fraud and terrorist financing. The KYC process typically involves collecting and analyzing various forms of customer identification information. It may not seem like a big deal, but by registering now, the government can retroactively find out data related to your income, expenses and transactions in the future. This is not a nice feeling, because can other governments do the same? What about if I do something legal in the Netherlands that is illegal in China. The privacy issue is different for everyone, but the question is whether these kinds of data traces should be left behind. Others just find it tedious. Whatever the reason. It is enormously difficult to avoid KYC, as even one of the largest exchanges ByBit has had to peremptorily demand this since May 8, 2023. We went looking to see if there are still places where KYC is not required and fortunately…. Why KYC? - Customer Identification: When creating an account or using financial services, customers are expected to provide identification information such as name, address, date of birth, nationality, and other relevant details. - Document Verification: Customers are asked to provide supporting documents for the provided information, such as identity documents like passports, driver's licenses, or identity cards, as well as proof of address, like a recent utility bill. - Screening Against Sanctions Lists: The provided information is often screened against international sanctions lists to check if the customer is not involved in criminal activities or on a national or international sanctions list. - Risk Assessment: Financial institutions conduct a risk assessment based on the provided information and the intended use of services. Customers with higher risk, such as those with significant transactions or certain business activities, may undergo additional checks. - Periodic Data Updates: KYC is not a one-time process. Financial institutions need to regularly update and reevaluate customer data to ensure it remains current and matches the customer's actual activities. Trading on MEXC without KYC: MEXC offers trading without the need for KYC procedures. This means users can quickly and hassle-free buy, sell, and trade 1400 types of cryptocurrencies. The platform has attracted the attention of traders who value privacy and speed in executing transactions. Create a FREE account on MEXC and enjoy lowest fees - Email-based Account Registration: When signing up on MEXC, you may have the option to create an account with just your email address, minimizing the amount of personal information you need to provide to the platform. - Limitations for Unverified Accounts: Unverified accounts may have limited functionalities or withdrawal limits. On MEXC, this includes withdrawals up to 20 BTC per day. Verification may be required to lift certain limits and fully utilize all features on the platform. - Start Trading: Once your account is created, you can possibly start trading on the platform immediately. This may include buying and selling cryptocurrencies, depending on the available trading pairs. Without KYC, this often involves trading between different cryptocurrencies and not futures. - Security Measures: While KYC verification is not required when creating an account, it is advisable to take additional security measures, such as setting up two-factor authentication (2FA), to ensure the security of your account. - Compliance with Regional Regulations: It is crucial to be aware of regional legislation regarding cryptocurrency trading. Some regions may have specific requirements for identity verification, even on platforms that allow trading without KYC. Advantages of Trading without KYC on MEXC: - Account Registration with E-mail: When signing up on MEXC, you may have the option to create an account using only your email address. This minimizes the amount of personal information you have to provide to the platform, and you can create an email address on an alias for this purpose. - Restrictions for Unverified Accounts: Unverified accounts may have limited functionality or fund withdrawal limits. At MEXC, this is withdrawals up till 30 BTC per day. Verification may be required to lift certain limits and fully utilize all features on the platform. - Starting Trading: Once your account is created, you may be able to begin trading on the platform immediately. This may include buying and selling cryptocurrencies, depending on the trading pairs available. Without KYC, this is often to and from other cryptocurrencies a often no futures. - Security measures: While KYC verification is not required when creating an account, it is advisable to take additional security measures, such as setting up two-factor authentication (2FA) to ensure the security of your account. - Compliance with Regional Legislation: It is crucial to be aware of regional legislation regarding cryptocurrency trading. Some regions may have specific requirements for identity verification, even on platforms that allow trading without KYC. Crypto Payment Card Mooguul: Besides trading, there is also a growing need to spend cryptocurrencies in everyday life. Unfortunately, the MEXC Mastercard requires full verification with passport, but we have found an alternative for that. Namely: the Mooguul Crypto Payment Card offers a platform that allows users to spend their digital assets soon, whether for online shopping, travel or other services. You can use this "initially" virtual Debit Card anywhere Mastercard is accepted from approx. mid-January, and the physical version will come out plusminus a month later. You can already pre-order the virtual Crypto Payment Card. As a premium affiliate we may offer you this inner circle deal where instead of $100 USD cashback on your card you get a whopping $150 cashback with the affiliate code: CryptoGids. A nice extra on top of the regular cashback. When you refer people for the card yourself after you create it, you get $50 per individual who buys this card. This card has the unique feature of a very easy KYC and a limit of $20,000 per day and once people catch on to how easy and anonymous this all is it could go fast with the Mooguul Crypto Payment Card. Click on the button it take you to the website of the card where you can pre order with just a few clicks and no KYC. Per-Order the card with affiliate code CryptoGids for $150 instead of $100 cashback Benefits of Spending Crypto with Mooguul: - Diverse Spending Options: Mooguul enables users to spend cryptocurrencies on a wide range of products and services. From online shopping to travel and entertainment, Mooguul empowers users to utilize their digital assets in diverse ways. - User-Friendly: The platform is designed for ease of use, enabling even beginners in the crypto world to effortlessly spend their digital assets. This contributes to the overall adoption of cryptocurrencies for daily transactions. - Rewards and Incentives: Mooguul can provide rewards and incentives for users choosing to spend their crypto assets through the platform. This can range from discounts to exclusive offers, increasing motivation to actively use cryptocurrencies. - Secure Transactions: The platform likely emphasizes security and safety in facilitating transactions. This is crucial to gain user trust and ensure that crypto spending is a secure and reliable experience. - International Accessibility: Mooguul can serve an international user base, allowing people worldwide to use cryptocurrencies for their daily expenses. This contributes to the global acceptance of digital assets. Using MEXC and Mooguul Together: You can deposit, earn interest*, and trade crypto on MEXC and send crypto (e.g., USDT) from there to your Mooguul account, allowing you to use your Crypto payment card. This way, you can complete almost all transactions without KYC-like procedures. Of course, you must already have crypto to send to MEXC as a starting point or purchase it somewhere without KYC, or else you will still leave a data trail. This is quite challenging, but your options include: - Exchanging cash for crypto, although it is more challenging, and you need to know who you are dealing with. Local Bitcoin used to be a way to search and check references. - Earning crypto from work-related activities. Invoicing in crypto is possible even if it's under an alias. - Buying through a No KYC broker.*Note: Always store crypto to some extent on a non-KYC exchange. It is never guaranteed if something happens to the exchange. As the famous saying in Crypto goes, "Not Your Keys, Not Your Coins." Where did that name Mooguul actually come from? Mogul Noun.(influence) rich person; someone with a lot of money and influence. Note: This is not financial advice or a suggestion to avoid laws. Before you start trading or spending crypto, make sure you are fully aware of the regulations and risks, and always take the necessary precautions to ensure the safety of your digital assets. Read the full article

[bitcoinsiders]

Bitcoin Mining – Buy Low Mine High

Meanwhile, I have been active in the crypto industry for over 10 years, and one aspect of Bitcoin that has always fascinated me is mining. Bitcoin mining is the backbone of the network, where machines solve complex calculations in search of new Bitcoins. Bitcoin mining is the process of creating new bitcoins and verifying transactions on the Bitcoin network. At the end of the article, you will find more technical explanations about mining, but I don't want to bore everyone with that. During my crypto career, mining has come across my path several times as an option to invest in or get more involved with. However, it never became concrete due to significant drawbacks such as: - Expensive electricity. - Noise and heat. - High investment costs, as there is more to it than just miners. - Maintenance and equipment monitoring. Afterward, I explored the phenomenon of cloud mining, but in 70% of cases, it's a scam, and in the other 30% of cases, it's too expensive and not profitable. These companies are also not resilient during a bear market because they finance mining machines themselves and rent out hashrate (computational power). They buy machines with the risk of a Bitcoin price drop and don't earn enough during a bear market. Explanation of Cloud mining: Cloud mining is a service where individuals rent computing power from companies to mine cryptocurrencies on their behalf. They don't need to own or manage the hardware themselves. The cloud mining provider handles the mining operations and distributes rewards to participants based on their rented computing power. It's a way for people to mine cryptocurrencies without the need for expensive equipment or technical expertise. When that option was ruled out, there were fewer and fewer mining options left. But in reality, I also want to do something with it through the crypto guide. Recently, through an acquaintance, I met someone who offers the solution I was looking for. That person is Mitchell Weijerman from Epic Mining. He offers the opportunity to purchase mining equipment through Epic Mining, which you buy in bulk with him and other customers at a favorable rate. Through Epic Mining, you buy a Bitcoin miner that is shipped to you, and within 6-8 weeks, it starts mining for you with an electricity rate of 5.5 cents, including hosting, security, and maintenance (even more). You receive a monthly invoice with this 0.052 Euro (0.055 USD) per KWH based on what your mining equipment has consumed. This can also be done quarterly, semi-annually, or annually. However, your profits are paid out daily, and you can accumulate Bitcoin and pay the costs later and, in the best-case scenario, pay with fiat money (credit card) or another method and leave the Bitcoin untouched. This way, you can accumulate Bitcoin inexpensively for when the price 'explodes,' which traditionally happens 7 months after a halving. This can be a mega-interesting earning model if you believe in price increases. Mitchell came up with the nice quote, "Buy low, mine high." This refers to buying machines at a low cost, keeping the costs as low as possible, and maximizing profits during a bull market. Sign up for the Bitcoin Mining Q&A that is hosted on the 17th of january 2024 at 7pm: BlackRock and Bitcoin Mining: A Sustainable Combination? BlackRock, the world's largest asset manager, has recently announced that it is adding Bitcoin mining to its portfolio. Why has BlackRock made this decision, and what are the benefits of this strategy? BlackRock sees Bitcoin mining as a good investment for several reasons. First, BlackRock believes in the future of Bitcoin as an alternative to traditional currencies and as a hedge against inflation. By investing in Bitcoin mining, BlackRock can increase its exposure to the crypto market and profit from the rising demand for Bitcoins. Second, BlackRock sees Bitcoin mining as an opportunity to become more sustainable. BlackRock has committed to reducing its ecological footprint and supporting the transition to a low-carbon economy. Bitcoin mining can contribute to this by using renewable energy sources such as solar energy, wind energy, or hydropower. BlackRock can thus reduce its electricity costs while simultaneously contributing to the reduction of CO2 emissions. Therefore, BlackRock has discovered that Bitcoin mining is a good investment, both financially and ecologically. Bitcoin mining allows BlackRock to benefit from the growing crypto market and achieve its sustainability goals. BlackRock is a major shareholder in 4 of the 5 largest Bitcoin mining companies. How Does Epic Mining Achieve Such "Super-Low" Rates? By mining in favorable areas abroad near various hydro dams for cheap and green energy. In addition, they are situated in a mining facility where over 80,000 devices are located, which is about 5% of the total global mining. This results in extremely low rates due to the joint procurement of all facilities with other mining farms. Benefits of Mining via Epic Mining: - No noise or heat. - Low energy rates. - Purchasing only Bitcoin miners. - No maintenance. - No headaches. - Everything is taken care of for you. All you have to do is watch your wealth grow and pay the electricity bill once every 1, 3, or 6 months. Why Mine Instead of Buying Bitcoin? You should see it like this: With Bitcoin mining, you can produce Bitcoin below the production cost. The higher the price of Bitcoin becomes, the more profit you can realize because your production costs are below the market value. So, if you believe that Bitcoin will reach 100k or 200k in the next 2, 3, 4 years, then Bitcoin mining becomes exponentially more interesting than buying Bitcoin. As the price of Bitcoin rises, the costs to buy it also increase. Meanwhile, with mining, you can produce them below the market price. That's the game that's played with mining. What Is the Bitcoin Price Based On? Factors that increase demand for Bitcoin: - The failure of the traditional financial system. - There is more and better education available. - Network effects. - Bitcoin is the best-performing asset of the decade/ever. - Countries are buying Bitcoin. - Companies are adding Bitcoin to their treasuries. - Large investment funds are buying Bitcoin. Factors that make Bitcoin scarcer: - The new supply of Bitcoin is halved every four years (halvings). - Holders are not selling but buying. - Large mining companies have better access to financing, so they no longer need to sell their BTC to fund their operations. As demand increases and supply becomes scarcer, this can mean only one thing in my opinion. In my opinion, it can only mean one thing: the price will rise! What traditionally happens after a halving? - After the market crashed in 2010, the price of Bitcoin skyrocketed by 11,645%. - After the market crashed in 2014, the price of Bitcoin increased by 7,382%. - After the market crashed in 2017, the price of Bitcoin rose by 1,991%. Sign up for the Bitcoin Mining Q&A that is hosted on the 17th of january 2024 at 7pm: Earnings Calculation Example: Of course, we all want to know what it can ultimately yield. These are examples based on the Bitcoin price. The total profit is per machine after 4 years, taking the halving into account. Make your own calculation with this spreadsheet by changing the number of machines and the spreadsheet will do the rest. Scenario 1 is live price (current price) and the others are everything up until 150k BTC. In-depth explanation of Bitcoin mining. Bitcoin mining is the process of creating new bitcoins and verifying transactions on the Bitcoin network. It is a crucial part of the cryptocurrency's infrastructure. Bitcoin operates on a decentralized network, meaning there is no central authority controlling the currency. Instead, transactions are verified by a network of computers (nodes) spread across the world. Miners are participants in this network who use specialized hardware and software to solve complex mathematical problems and validate transactions. Here is a simplified explanation of the mining process: - Transaction Verification: When someone initiates a Bitcoin transaction, it is broadcast to the network. Miners collect these transactions into blocks. - Hashing: Miners compete to solve a mathematical puzzle known as a cryptographic hashing function by repeatedly guessing a specific value (nonce) until the desired outcome is achieved. The hashing process converts the block of transactions into a unique string called a hash. The computational power of miners plays a role in increasing their chances of finding the correct nonce and solving the puzzle. - Proof of Work: The successful miner who solves the puzzle broadcasts the newly mined block to the network. Other miners then verify the validity of the block and its transactions. - Block Addition: Once the block is verified, it is added to the existing blockchain, creating a permanent and immutable record of transactions. Miners receive a reward for their work in the form of newly minted bitcoins and transaction fees from the transactions in the block. It's important to note that the mining process becomes progressively more challenging over time due to the design of the Bitcoin network, which adjusts the difficulty of the mathematical puzzle to ensure that new blocks are added approximately every 10 minutes, regardless of the total computing power of the network. Bitcoin mining requires significant computing power and electricity. Therefore, specialized hardware called ASICs (Application-Specific Integrated Circuits) is often used to mine bitcoins efficiently. Additionally, mining farms with numerous ASICs are often set up in locations with cheap electricity to maximize profitability. Overall, Bitcoin mining plays a vital role in securing the Bitcoin network, verifying transactions, and introducing new bitcoins into circulation. Bitcoin mining is divided among various companies that manage mining pools, which are groups of miners who share their computing power and distribute rewards. - Foundry USA: Based in the United States, with 30% of the network's hash rate. Foundry USA is a subsidiary of Foundry Digital, a company that provides equipment financing and advisory services for mining to institutional investors and enterprises. - Antpool: Based in China, with 23% of the network's hash rate. Antpool is owned by Bitmain, one of the largest manufacturers of Bitcoin mining hardware and chips. - F2Pool: Also based in China, with 18% of the network's hash rate. F2Pool is one of the oldest Bitcoin mining pools, established in 2013. - Poolin: Another Chinese pool, with 12% of the network's hash rate. Poolin was founded in 2017 by former Bitmain employees. - Slush Pool: Based in the Czech Republic, with 7% of the network's hash rate. Slush Pool is the first Bitcoin mining pool, launched in 2010. These five pools account for approximately 90% of the total Bitcoin mining power, meaning they have a significant influence on the security and decentralization of the network. Do you want to know all the ins and outs of the man behind EPIC Mining? Check out this personal interview: https://www.youtube.com/watch?v=bbocnSXTi5I It is a Dutch interview but there are subtitels in English Read the full article

[bitcoinsiders]

Economic Expert Harry Dent Warns of Imminent Burst of the 'Everything Bubble' in 2024

Renowned financial historian Harry Dent has issued a stark warning about an impending and catastrophic burst of what he terms the 'everything bubble' encompassing stocks, housing, and cryptocurrencies. In a recent interview with Fox News Digital, Dent expressed his belief that 2024 will witness the most significant market crash in living memory, attributing the impending collapse to excessive government spending that has artificially inflated asset prices to perilous and unsustainable levels.Harry Dent PredictionDent predicts that the fallout from this bubble burst will be far-reaching and severe, comparing it not to a mere correction but to the economic downturn experienced during the years 1929 to 1932. He foresees a potential plunge of over 80% in the S&P 500, a 50% reduction in average U.S. house prices, and a staggering 90% nosedive in the value of cryptocurrencies. According to Dent, such substantial declines may prompt a reevaluation of fiscal policies and the risks associated with inflating asset prices through budget deficits.Expressing a contrarian perspective, Dent admitted to being one of the few individuals anticipating a market crash while others remain optimistic. He believes that the aftermath of this crisis will serve as a valuable lesson and asserted that future generations may not witness similar asset bubbles in their lifetimes.Unprecedented Market CrashIn terms of timing, Dent suggested that clearer signs of the impending economic downturn would likely emerge by May. Advising investors to exercise caution, he emphasized the potential for significant losses in the market. Dent proposed a strategy of exiting the market for the next six months to a year to avoid substantial losses, with the possibility of re-entering at significantly lower prices and consequently earning substantial returns.Despite recent positive market sentiment following the Federal Reserve's indication of a potential halt to interest rate hikes, Dent dismissed the notion of a 'soft landing' and predicted considerable economic hardship in the coming year. He maintained his position, acknowledging that while past warnings had not immediately materialized, the current economic landscape and indicators signaled a more ominous outcome.Lessons from Financial HistoryDent, who has previously issued warnings about market trends, acknowledged the resiliency of the markets in defying his predictions. For instance, his August 2022 prediction of a 40% crash in the Nasdaq Composite did not fully materialize, as the index experienced a temporary decline before rebounding in subsequent months.

[bitcoinsiders]

Bitcoin Experiences 7% Decline to Fall Below $41,000 in Volatile Trading Following Early December Rally

In a recent bout of volatility, Bitcoin witnessed a 7% decline on Monday, retreating from its recent peak of over $44,000 last week, as reported by Coinbase. This drop follows a noteworthy 12% surge for Bitcoin in December, fueled by growing expectations surrounding the potential approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States.As per Coinbase, the current price of Bitcoin stands at $40,887.81, reflecting a substantial drop from Sunday night when it briefly plummeted to $40,300. Despite briefly surpassing the $44,000 mark last week, Bitcoin maintained a trading range just below that level throughout the weekend.Simultaneously, other major cryptocurrencies experienced declines on Monday, with Ether falling by 7% to $2,202.92, Solana's SOL token dropping by 7%, and Ripple's XRP witnessing an 8% decrease. According to Coin Metrics, both Bitcoin and Ether are on track for their worst days since August 18 and March 9, respectively.The cryptocurrency market downturn also impacted related equities. Coinbase saw a 5% decline, MicroStrategy lost 7%, and leading Bitcoin miners, Riot Platforms and Marathon Digital, experienced double-digit drops of 11% and 12%, respectively. Wall Street favorites CleanSpark and Iris Energy also faced declines of nearly 15% and 14%, respectively.This setback follows a 12% advance for Bitcoin in December, driven by mounting expectations that the U.S. Securities and Exchange Commission (SEC) might approve the first spot Bitcoin ETF in early January. Galaxy Digital estimates the potential market size for a U.S. Bitcoin ETF to be around $14 trillion in the first year post-launch, growing to approximately $26 trillion in the second year.Wolfe Research's Rob Ginsberg expressed optimism, stating, "Bitcoin continues to stay red hot." He noted the coin's fervent trading activity, reminiscent of the early months of 2021 when Bitcoin surged to its all-time high. The months of October and November witnessed a 56% increase in Bitcoin's price.Despite the recent decline, analysts, including Ginsberg, believe there is still considerable momentum in Bitcoin's current uptrend. Chart analysts suggest that a further decline would be necessary to cast doubt on the strength of the rally.Looking ahead, a potential Bitcoin ETF is viewed as the first in a series of positive catalysts anticipated for the cryptocurrency in the coming year. Some investors are also optimistic about a price surge following the Bitcoin halving expected in the spring of 2024. Additionally, market participants are closely monitoring the Federal Reserve, particularly during its final policy meeting of the year, for insights into the likelihood of rate cuts in 2024.

[bitcoinsiders]

Mooguul the payment solution for cryptocurrency

In a world where Bitcoin and other digital currencies are becoming increasingly mainstream, Mooguul is poised to revolutionize the way we pay with crypto. This fintech company enters the scene promising to simplify the crypto payment experience and bridge the gap between traditional finance and the exciting crypto world without the drawn-out KYC procedures. The benefits of a Mooguul card: - Seamless Spending with the Mooguul Card: Mooguul introduces a card service that works like a traditional debit card, but with the added benefits of cryptocurrency. Whether you're at an airport, dining at a restaurant or shopping, the Mooguul card offers the freedom to spend however you want with a generous daily limit of $20,000. - Receive, Exchange and Save: With Mooguul, you can receive, exchange and save more than 20 different currencies. Whether it's dollars, euros or bitcoins, manage them all on one secure platform and swap between currencies seamlessly. - Ease of Use as Priority: The Mooguul experience is designed with a zero learning curve and comes with a user-friendly app. This makes managing assets, tracking expenses and accessing funds as easy as a tap on the screen. - Digital Wallet Accessibility: By supporting payments through Apple Pay and Google Pay, Mooguul brings the world of crypto finance closer to a wider audience and makes it easy to move from traditional to digital payments. - Community and User Rewards: Mooguul rewards its user community with cashback offers and rewards for referrals, creating a network of satisfied users who enjoy the benefits of digital currency together. - At a time when financial inclusivity and convenience are key, Mooguul represents more than just a payment platform. It is a step toward a financial future where crypto payments are seamlessly integrated into our daily lives. With a strong focus on ease of use and financial freedom, Mooguul is poised to set the new standard in how we think about and interact with digital currencies. Prepare to experience the future of crypto payments with Mooguul and stay up-to-date on their latest developments via Bitcoinsiders.com and Crypto-gids.nl. Pre-order with affiliate CryptoGuide and receive $150 cashback MogulNoun.(influence) rich person; someone with a lot of money and influence. Questions or join the conversation? Join our community.Check out our socials, promotions and our strategy for passive income.Bitcoinsiders.com Read the full article

[bitcoinsiders]

This is the CEO of eToro's Perspective on Bitcoin ETFs.

In the last six months, discussions surrounding spot Bitcoin exchange-traded funds (ETFs) have gained significant traction, with numerous applications submitted by asset management giants like BlackRock Inc. and Grayscale. These proposed ETFs are progressing steadily towards actualization, marking a noteworthy development in the crypto landscape.As the discourse on spot Bitcoin ETFs intensifies, the price of Bitcoin is experiencing a positive upswing. Approaching the $40,000 mark for the first time since April 2022, Bitcoin's resurgence is closely tied to the growing anticipation surrounding the potential approval of these ETFs.While the existing Bitcoin ETFs rely on futures to track Bitcoin's price, this approach entails high fees and a lack of precise tracking due to continuous contract rollovers. In contrast, the proposed spot Bitcoin ETFs aim to address these issues by directly owning Bitcoins and establishing an ETF based on this ownership. Despite the apparent simplicity and demand for this solution, applicants face substantial regulatory hurdles on the path to implementation.Key developments not to be missed:Analysts are forecasting the approval of Bitcoin ETFs by January 10th. Investors are advised to prepare their BTC portfolios accordingly.A brokerage is enticing users to switch with custom rewards, with the most substantial reward for a single user reaching $19,977.48. Will others surpass this offer?The average American couple has saved a certain amount for retirement—how does your savings compare?Despite the challenges posed by regulatory requirements, firms persist in engaging with the Securities and Exchange Commission, with JPMorgan projecting the potential launch of some spot Bitcoin ETFs as early as early 2024. Consequently, industry observers are contemplating the implications of a spot Bitcoin ETF on the broader crypto landscape.Yoni Assia, the CEO of eToro, is among those pondering the transformative impact of spot Bitcoin ETFs on the market. According to Assia, these ETFs hold the potential to drive widespread institutional adoption for two primary reasons.Firstly, Assia highlights that many institutions operate within rigid frameworks, exhibiting reluctance to invest in unfamiliar or less accessible assets. He asserts that an ETF can serve as the infrastructure enabling institutional demand for those who prefer not to self-custody their assets.Secondly, Assia argues that the increased availability of Bitcoin through ETFs would foster greater institutional trust. The absence of an ETF requires investors to navigate the complexities of crypto exchanges, wallets, and new investment methods. In contrast, an ETF enhances accessibility, potentially attracting new investors and contributing to price surges.Assia also envisions positive repercussions for retail investors, emphasizing that the user experience, simplicity, and integration of crypto investments into a broader portfolio are crucial for retail participation. Spot Bitcoin ETFs, in his view, would facilitate easier incorporation of Bitcoin into retail portfolios, thereby broadening access and participation.In alignment with Assia's perspective, many stakeholders view spot Bitcoin ETFs as a positive catalyst for the wider adoption of the token, marking a significant stride towards mainstream acceptance.