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Showing posts with label Crypto stories. Show all posts
Showing posts with label Crypto stories. Show all posts

Friday, January 24, 2025

Donald Trump President of The USA and King of The Crypto World

How President Donald Trump’s Entry into the Crypto Space Made Waves and Why His Blockchain Projects Are Making Headlines

President Trump like a warlord is in the picture

This picture is the property of the author, and it is made with an AI program

This post was originally posted in Tocsin Magazine and all Medium members can read the full article here.

Introduction

Hello, my dear readers!

Here we are, another Tuesday, which means it’s time for some crypto updates.

With the recent inauguration of Donald Trump as the new President of the United States dominating the media, I decided to dedicate today’s crypto article to none other than Trump himself.

If you’re even slightly familiar with the crypto world — whether you’re an experienced trader or just starting out — you’ve probably heard that Trump is the first leader of a global superpower not only to openly support cryptocurrency but also to launch his very own meme token, $TRUMP, along with a sold-out NFT collection.

A Quick Recap of the Inauguration

The First Lady embodied elegance and mystique, donning American designer creations and a striking hat that became the talk of the event.

Meanwhile, Trump remained true to his polarizing rhetoric, reinforcing his “Make America Great Again” (MAGA) mantra.

Ha! Ha! Ha!

Love him or hate him, Trump knows how to keep the spotlight firmly on himself.

Trump’s Surprising Leap into Crypto

At first glance, Trump creating a meme token and NFT collection might not seem groundbreaking. But a closer look at the buzz within the crypto community reveals that this move is a huge milestone for the industry.

Not long ago, Trump labeled cryptocurrencies as a scam. Today, he’s not only endorsing them but has also carved out his own space in the blockchain revolution. His NFT collection sold out within moments of its launch, and the $TRUMP token became an instant sensation.

This begs the question: What caused such a dramatic change in Trump’s stance?

Does Trump Truly Support Blockchain Technology?

But what caused this conservative businessman to reverse his stance so drastically?

Did Trump suddenly see the potential of digital currencies, blockchain technology, Web3, and decentralized finance (DeFi)? Or is there something more straightforward driving his newfound enthusiasm?

The answer, unfortunately, seems to be NO!

In my opinion, Trump likely doesn’t even understand half of these terms. His interest in the crypto space appears to be driven by one thing — MONEY!

Why Did Trump Enter the Crypto World?

The answer is simple: profit.

Trump is, first and foremost, a businessman who seizes every opportunity to make money. Recognizing the massive financial potential in the crypto space, he tested the waters with his NFT collection.

There is president Donald Trump in the picture

This picture is the property of the author, and it is made with an AI program

After witnessing the immense profits generated with minimal effort, he decided to take the next step — launching the $TRUMP meme token. His supporters quickly purchased the tokens, creating a buying frenzy.

This demand, combined with Trump’s status as the first crypto-supporting U.S. President, created the perfect market conditions. The token skyrocketed in value, achieving unprecedented success.

What Does This Mean for the Crypto Community?

Here’s why Trump’s involvement in crypto matters:

  • Massive Profits for Early Investors: Those who bought $TRUMP tokens early saw substantial returns, with some enjoying profits of up to 1,000%.
  • Boost to the Crypto Market: Trump’s presidency sparked a positive market reaction, sending Bitcoin and other cryptocurrencies soaring. Many investors made significant gains during this period.
  • Increased Visibility for Crypto: While I may not agree with Trump’s politics, I appreciate that his pro-crypto stance has brought attention to the industry. This could pave the way for a more crypto-friendly future globally.
  • A Vision for a Crypto Oasis: If Trump delivers on his promises, the United States could become a crypto hub, inspiring other nations to follow suit. As the saying goes, if it’s good for America, it must be good for the world.

Even I, your humble author, profited from the market momentum sparked by Trump’s moves, turning a few hundred dollars into substantial gains. While I may not agree with his politics, I can’t deny the positive impact he’s had on the crypto space.

Final Thoughts

As you can see, not every negative comes without a silver lining. Trump’s presidency, while controversial, has undeniably been a boon for cryptocurrency enthusiasts. Despite his divisive politics, his entry into the crypto space has brought a ray of hope for blockchain technology and digital currencies.

So, whether you’re a fan of Trump or not, one thing is clear — his influence on the crypto market is impossible to ignore.

As the crypto space continues to evolve, one thing is certain: the spotlight is shining brighter than ever. And for that, we can thank an unlikely advocate, Donald J. Trump.

Saturday, January 18, 2025

HODLing Bitcoin Key to Long-Term Wealth? Learn How to Profit in the Crypto Market

Bitcoin as Digital Gold and the Long-Term Benefits of HODLing. Discover Why Bitcoin is the Ultimate Inflation Hedge and How to Master the Art of HODLing

A happy man jumping in the air an Bitcoin coins fall around him from the sky

This picture is the property of the author, and it is made with an AI program

This post was originally posted in Tocsin Magazine

All Medium members can read the full post here.

Introduction

Hello, dear readers!

Today is Tuesday, and as you know, we’re diving into the fascinating world of crypto and blockchain. As a bonus, we’ll cover not just one but two crucial concepts tied to the crypto world.

Recently, I’ve been reading extensively about holding (HODLing) Bitcoin and its growing reputation as digital gold. Inspired by these discussions, I’ve decided to share my thoughts with you.

The Historical Context of Gold as Wealth Preservation

Historically, gold and other precious metals were trusted ways to save wealth, keeping it safe from inflation. Even today, many prefer to store their wealth in gold.

While gold is nearly immune to inflation and its value generally rises over time, storing large amounts of it can be impractical due to its weight and volume, which require significant storage space.

Bitcoin’s Unique Advantages and Challenges

This is where Bitcoin comes into play. Bitcoin solves the storage problem because it is digital and doesn’t require physical vaults.

However, it has one major drawback: its volatility. You might buy Bitcoin when it’s valued near $100,000, only to see its price halve or, worse, drop by five times within weeks or months.

 

Source: CoinMarketCap

Is Bitcoin Truly Resistant to Inflation?

So, is Bitcoin truly resistant to inflation and deserving of the title “digital gold” as some claim?

My answer is yes. I believe Bitcoin is both resistant to inflation and comparable to digital gold.

However, this is just my opinion and not financial advice, as I am a writer, not a financial advisor.

Let me explain why I think so. The reason is simple: If you examine Bitcoin’s value history and statistics, you’ll notice a consistent upward trend, much like gold. Additionally, Bitcoin’s supply is capped at 21 million coins, as coded into its blockchain.

The Scarcity Factor: Why Bitcoin Is Like Gold

This makes Bitcoin a scarce resource, akin to gold. Once the last Bitcoin is mined, those who own it will retain it, while those who don’t will have to purchase it at significantly higher prices.

As we know, rare and in-demand assets are always expensive. Bitcoin is undoubtedly in demand and will likely become even more so.

So, is it profitable to hold Bitcoin despite its price fluctuations? I believe it is. Time and again, it has been shown that those who held onto their Bitcoin have profited, and their capital has grown steadily.

HODLers, in fact, are long-term winners. However, one must have the patience and courage not to sell during market highs or when the price plummets.

“Bull Run” and “Bear Run”

As promised, let’s now explore the terms “Bull Run” and “Bear Run.”

The simplest explanation is that a bull signifies an upward market trend and recovery, while a bear signifies the opposite — a downward trend and market decline.

These terms are not exclusive to the crypto world but apply to any market or commodity, even animal skins.

Why Are These Terms Used?

The logic stems from the way these animals attack. Bulls, with their sharp, upward-pointing horns, resemble the upward patterns seen during a positive market trend. Conversely, bears, mimic the downward patterns of a declining market with their sharp, downward-slashing claws.

When bulls attack, they thrust their horns upward; when bears attack, they strike downward with their claws.

Although there are other explanations for these terms, this one is the most widely accepted and easiest to understand.

That’s all for today! Stay tuned for another crypto article next Tuesday.

https://cryptonftworlds.blogspot.com/2024/12/how-i-earned-116739-completely-free.html

If you want to know more about the terms “Bull” and “Bear” read this article:

https://cryptonftworlds.blogspot.com/2022/12/bear-bull-and-crypto-winter-where-do.html

If you want to support my work buy me a coffee for $1

https://ko-fi.com/neo77

Greetings and until my next article!

Neo77


Thursday, January 9, 2025

Cryptocurrency and Blockchain 101: A Beginner’s Guide to the Digital Revolution

Discover the Fundamentals of Blockchain, Bitcoin, and the Crypto World — Simplified for Everyone

There is a big Bitcoin coin with lightning hitting it in the picture

This picture is the property of the author, and it is made with an AI program

Non-Medium members read the full post here.

Introduction

Hello, dear readers!

From now on, Tuesdays will be dedicated to cryptocurrencies and blockchain technology. Each article I write will focus on one term commonly used in the crypto community. If you have any ideas or suggestions for a topic, feel free to share them in the comments, and I’ll do my best to cover them.

We’ll start with the basics and gradually progress step by step through short articles, building knowledge about the world of digital cryptocurrencies. I hope to make this journey through the crypto world engaging and educational for you.

The History and Origins of Blockchain

The history of blockchain technology dates back to the 1980s and 1990s when David Chaum introduced the concept of digital currency called eCash in 1983. However, the blockchain as we know it today was defined and described in 2008 by an unknown person or group using the pseudonym Satoshi Nakamoto, whose identity remains a mystery to this day.

Satoshi Nakamoto is also credited with creating the first functional cryptocurrency, which you’ve likely heard of — Bitcoin. Today, Bitcoin has reached unprecedented value.

Imagine this: when Bitcoin first emerged, it was worth just a few cents. Now, its peak value is unimaginable!

As the author of this article, I must confess I once had the chance to obtain Bitcoin for next to nothing over a decade ago. But, being naive and uninformed, I missed the opportunity. Learn from my mistakes!

What Exactly is Blockchain?

Blockchain is a decentralized, distributed, and secure digital ledger that records all transactions on a network.

Essentially, it is a one-way chain of data blocks, where each new link — or block — depends on the value of the previous link. This connection is based on cryptographic principles.

Without blockchain, no cryptocurrency can exist. Blockchain solves the challenge of creating a distributed database without relying on a central authority to oversee transactions. This means there is no need for a central body like a bank to monitor and approve transactions. Instead, power is transferred into the hands of ordinary people.

There is a big Litecoin coin in the picture

This picture is the property of the author, and it is made with an AI program

What Are Cryptocurrencies?

Cryptocurrencies are digital or virtual assets that operate on blockchain technology. They use cryptography to secure transactions, control the creation of new units (mining), and verify fund transfers.

Cryptocurrencies are decentralized, meaning they are not governed by any central authority, such as a bank. Instead, the power lies in the hands of the crypto community. Some of the most well-known cryptocurrencies include:

  • Bitcoin (BTC): The first, most popular, and oldest cryptocurrency.
  • Ethereum (ETH): Known for enabling smart contracts and decentralized apps (dApps).
  • Other notable cryptocurrencies: Ripple, Cardano, Litecoin, Shiba Inu, and more.

Crypto Term of the Week: HODL

That’s it for today’s basics! As promised, the articles will be short and to the point. Now, let’s move on to the crypto term of the week!

This week’s term is frequently used, fundamental to the crypto community, and highly popular: HODL.

HODL stands for “Hold On for Dear Life” and refers to the practice of holding onto a cryptocurrency for the long term, regardless of market volatility, with the belief that its value will increase over time.

The term originated on December 18, 2013, when a user named “GameKyuubi” posted a thread titled “I AM HODLING” on the BitcoinTalk forum. Frustrated by the constant fluctuations in the crypto market, the user expressed their intention to hold onto their Bitcoin instead of selling it. However, due to a typo, he wrote “HODLING” instead of “HOLDING.” The rest is history.

What started as a simple typo has since evolved into a philosophy embraced by the crypto community, becoming an integral part of crypto terminology today.

If you want to support my work buy me a coffee for $1.

https://ko-fi.com/neo77

Greetings and until my next article!

Neo77


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