Mr. Photon
@0xMr_Photon
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Following
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Crypto Trader & Angel Investor | No Paid Groups/Courses | Follow for Free Educational Content | DeFi Insights | On-Chain Analytics | Passionate About Data
Joined November 2020
The early August 2024 crypto bloodbath wasn’t just another market dip, it was a brutal reminder of how interconnected global finance has become with the crypto world. What happened? We witnessed a perfect storm: 🇯🇵 Japan’s interest rate hikes, U.S. recession fears, Jump Trading’s massive ETH dump, and Mt. Gox repayments flooding the market. Each of these events would typically shake the market on their own, but together, they created chaos. ✨Japan’s rate hikes on July 31 triggered a global market sell-off. The Yen, central to carry trades, saw a sudden shift, causing ripples across all asset classes, including crypto. 💴 ✨The U.S. employment report on August 2 added fuel to the fire. With unemployment nearing a three-year high, recession fears surged, dragging down both traditional and crypto markets. Fear spreads fast, and crypto wasn’t spared. ✨Jump Trading’s ETH sell-off on August 4 shook the market further. As they started dumping massive amounts of ETH, selling pressure increased dramatically in an already fragile market. ✨Mt. Gox repayments were the final blow. HODLers who had waited years to get their BTC back began selling, adding more downward pressure. What can we learn? 1- Global events impact crypto. It’s not just about on-chain metrics or crypto news anymore. Traditional finance events can have massive impacts. 2- Stay liquid and avoid over-leveraging. When markets are this unpredictable, having cash or liquid assets ready is crucial. Don’t try to catch a falling knife—let the market settle before diving back in. 3- Focus on high-conviction assets. If you’re in it for the long haul, build positions gradually. The key is patience. This too shall pass. August 2024 is a harsh lesson in risk management. But with the right strategy, you can navigate these turbulent waters. Stay informed, stay cautious, and above all, stay patient. What did you learn from this crash?
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11+M tokens minted already. Just 4 years ago, there were barely 5K. This space is moving FAST But let’s be real, it is going to get worse before it gets better Stay sharp, stay skeptical, and stay safe out there!!
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@intocryptoverse Worse yet, when the influencers play dumb, and rug their followers while saying that they didn't know better
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@SimplyBitcoinTV @adam3us More than half of all the US states have a bill on the way to be voted for their own Strategic Bitcoin Reserve! Go $BTC go
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Meet Ethereum’s Pectra hard fork, set to launch in April 2024 It promises major improvements in scaling, staking, and usability But will it be enough to get Ethereum back on track? Critics say Ethereum’s roadmap is too slow Let’s break down what Pectra brings and why it matters.
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Meet Ethereum’s Pectra hard fork, set to launch in April 2024 It promises major improvements in scaling, staking, and usability But will it be enough to get Ethereum back on track? Critics say Ethereum’s roadmap is too slow Let’s break down what Pectra brings and why it matters.
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Meet Ethereum’s Pectra hard fork, set to launch in April 2024 It promises major improvements in scaling, staking, and usability But will it be enough to get Ethereum back on track? Critics say Ethereum’s roadmap is too slow Let’s break down what Pectra brings and why it matters.
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Meet Ethereum’s Pectra hard fork, set to launch in April 2024 It promises major improvements in scaling, staking, and usability But will it be enough to get Ethereum back on track? Critics say Ethereum’s roadmap is too slow Let’s break down what Pectra brings and why it matters.
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Meet Ethereum’s Pectra hard fork, set to launch in April 2024 It promises major improvements in scaling, staking, and usability But will it be enough to get Ethereum back on track? Critics say Ethereum’s roadmap is too slow Let’s break down what Pectra brings and why it matters.
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Metaplanet just raised the stakes in the Bitcoin game By 2026, they aim to acquire 21,000 $BTC, funded by $745M from bond issuances and stock sales Since adopting BTC as a core asset, their stock skyrocketed 3,500%. Now they’re positioning to be a top corporate BTC holder Meanwhile, Japan is gearing up for a crypto shake-up: Bitcoin ETFs could finally get the green light Crypto tax rates might drop from 55% to 20% Cryptos could be classified as securities This mix of institutional moves and regulatory reform could ignite a major shift. Japan isn’t playing games.
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RT @0xMr_Photon: Tesla’s $600M Q4 Bitcoin profit is strategic Thanks to new FASB rules, firms can now record crypto at fair market value,…
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Tesla’s $600M Q4 Bitcoin profit is strategic Thanks to new FASB rules, firms can now record crypto at fair market value, reflecting gains immediately. This simplifies using BTC as collateral for liquidity Tesla’s 11,509 $BTC is worth ~$1.12 Billion today. But if they’d HODLed their 2021 stash, it’d be $3.8+B. Timing matters Will more companies follow Tesla’s lead?
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Florida's new bill allocates 10% of their total funds towards Bitcoin!!
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🎵 To the tune of "Pinky and the Brain" 🎵 🎶 They're Mr. Miggles, Mr. Miggles, A meme that's taking Web3 wiggles. With Coinbase flair, They're everywhere, To build a world that jives and giggles! They're Mr. Miggles, Mr. Miggles, A Web3 dream that sways and wriggles. Community strong, They meme along, They're taking on the world like jiggles! 🎶
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The U.S. hasn't seen a budget surplus since 2001 Tax cuts + post-9/11 military spending brought us back to deficits in '02 20+ years later, it's still spending > taxes The problem is deep, systemic, & way overdue for real solutions
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The U.S. hasn't seen a budget surplus since 2001 Tax cuts + post-9/11 military spending brought us back to deficits in '02 20+ years later, it's still spending > taxes The problem is deep, systemic, & way overdue for real solutions
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