@ChainWhizz

#HODLer since 2019

Joined September 2019
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Think price action is all that matters? Funding rates can quietly drain your PnL even in a sideways market. Trade smart—know the hidden cost. Discover the complete article here 👇 medium.com/@p4_1412/funding-…

Funding Rates in Crypto: The Hidden Cost

Think your crypto strategy is solid? Not if you’re overlooking funding rates.

medium.com
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Welcome to 2Cents Crypto! 🚀 We are dedicated to being your definitive source for navigating the dynamic crypto landscape. Elevate your comprehension and strategic command with unparalleled crypto insights.
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People are asking my thoughts on the recent pump of dino coins like $XLM, $ADA, $XRP, and $SAND. Here’s why I see this as a positive development:
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Wealth Effect: Gains from these established coins could lead to increased risk-taking in the market, benefiting riskier assets.
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Am I worried about coins like $BONK? Not at all—they’ve seen impressive returns recently. It’s logical for these long-suffering coins to experience a revival. Just remember to stick to your research and be patient!
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🚀 The next 3 months are set to be absolutely INSANE for crypto! Here’s what’s coming up: Rate cuts expected in just 3 weeks! 📉 The US elections are only 71 days away. 🇺🇸 Potential for a pro-crypto president in November. 🤞 CZ is making a comeback! 🔥
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FTX might redistribute $16B in cash to crypto-native degens in Q4. 💰 Rumors that China could soon unban crypto. 🇨🇳 Russia is turning pro-crypto with international crypto payments. 🇷🇺 📈 Keep accumulating and HODL! 🚀 #Crypto #Bitcoin #Altcoins
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Before a Halving event, the unrealized profit in the Bitcoin supply is at its highest ever, measured by MVRV. This means investors are sitting on big paper gains compared to what they paid. With the MVRV Ratio at 2.26, the average BTC unit has a +126% paper gain at the halving.
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JUST IN: 50 blocks remain until Bitcoin halving. @WatcherGuru
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BTC reaching all-time highs before halving? Never happened before? But 2024 seems different. Big money from institutions involved? BTC getting known worldwide? Whatever it is, get ready for the ride. It's happening 🚀🚀🚀#BitcoinHalvingCarnival #BitcoinHalving2024
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🧵4/ With the halving event, miner rewards will halve too. This intensifies the question: Why mine when you can buy #BTC at market price, especially if it's below production cost? What drives miners to keep their rigs running? 🤔 #CryptoEconomy
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🧵6/ We need to consider the long-term view. Mining isn't just about immediate gains; it’s about supporting a decentralized financial system. But will the halving and current market conditions affect this perspective?
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🧵8/ Tag your favorite crypto influencers and repost if you think they can shed light on these topics. Is this a bullish supply shock or a bearish warning for Bitcoin? Comment below if you want detailed responses to the questions and i will answer them on my next thread.
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🧵1/ As Bitcoin approaches its halving, the production cost per BTC will hit $60K, aligning with its current price. What are the implications if BTC prices stay at or below production level? Is it bullish or bearish ?👇 #BitcoinHalving #CryptoMining
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🧵3/ Bitcoin's difficulty adjustment is a key feature. Every 2016 blocks, it adjusts to keep block times at 10 minutes. If many miners exit due to low profitability, what will this mean for Bitcoin's security and transaction speed post-halving? #Blockchain
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🧵2/ What happens if #Bitcoin remains below production costs? Miners face profitability challenges, which might cause some to shut down, reducing the network's hash rate. But, how does this affect the overall network? #BTC
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