only depressing news today – war in Ukraine and Gary Brooker died. Nothing to do with 50 shades of grey – his hit was „A Whiter Shade of Pale“, you may remember if you are my age.
As I see as an affiliate for Yieldnodes – the inflow of capital has stopped for the last two days as many seem to be wondering: what will happen to the BTC and the alt-coins. Some analysts believe that Bitcoin could see lows at around the $30,000 mark with the key level being the low between $28,000 and $29,000 seen last July. Du Jun, co-founder of cryptocurrency exchange Huobi recently predicted that a new Bitcoin bull market may not happen until late 2024. „Predictions“ of course are just opinions. Do you remember Corona-March 2020 with BTC tumbling to 4000€ or was it USD? Only a few dared to buy and when it almost hit 60k too many were believing that 100k wasn’t far at all. My opinion: it will happen again.
Back to our main topic Yieldnodes: they managed to make over 5% net while BTC was at 4k. So what? We might make only 7% (6% we already have.) for February which would be still huge.
What I would do is to buy in the 30k-range and wait a bit for recovery and then put the BTC with YN and start with an extra profit of 5 or 10% right away.
BUT what I also would do (I did already) is buying into these golden Coins from Decenomy MOBIC and 777 (+ if you can afford also DASHD and PNY) – Take a look at their prices:
This video shows how to set it up:
Almost forgot: a „clever“ client texted me: coming Monday the European Parliament will decide about banning/forbidding Bitcoin. As usual, a more detailed view would be more appropriate. Yes, this could happen.
„The final draft of the Markets in Crypto-Assets (MiCA) framework, the much-anticipated package of cryptocurrency regulations, includes a provision forbidding the “environmentally unsustainable” consensus mechanism.
This means that Bitcoin could become illegal within the European Union starting from Jan. 1, 2025. This means: another 34 months to go at 7% per month = x10 your capital. For me, this means retirement anyway no matter what happens to the crypto-world.
Businesses would be prohibited from offering any services associated with proof-of-work cryptocurrencies.“
Worst case could be – although owning them could not be forbidden and controlled- that banks within the EU would no longer let you move Euros between your bank account and any outside-EU-crypto platform. Well, I have a Swiss (non-EU) bank account already and buy BTC in SanFrancisco. Next step could be to move to Portugal, where crypto-profits don’t get taxed. Their weather is nice but this language……
But I should mention that YN can be funded also with the proof-of-stake coin SAPP (not sure how to buy it without using BTC yet) and very soon with Tether/USDT what can be done at many places like kraken.com or any other platform within the EU with EUR or USD. So this potential banning of the main proof-of-stake coin BTC will not affect us in the end as we can invest with YN using Tether easily. So no need to worry at all. This reminds me of what lawyers usually do: checking things on the on hand on the other hand in order to find the solution which is „no worry, this won’t affect us“.
Of course, if you have already some BTC lying around you could move them to YN and escape this huge BTC volatility while making a steady hands-free passive income. In my eyes, a dream come true. You still haven’t shown your masternoding profits to any friend? He could thank you later.
All the best
just updated my last update like this:
But I should mention that YN can be funded also with the proof-of-stake coin SAPP (not sure how to buy it without using BTC yet) and very soon with Tether/USDT what can be done at many places like kraken.com or any other platform within the EU with EUR or USD. So this potential banning of the main proof-of-stake coin BTC will not affect us in the end as we can invest with YN using Tether easily.
Main concern raised by Green and Left members was the high need for energy of Proof of Work-Coins.
So no need to worry at all. This reminds me of what lawyers usually do: checking things on the on hand on the other hand in order to find the solution which is „no worry, this won’t affect us“.
You can always find my updates like in a mail archive on my https://forexorcrypto.com/blog – just scroll thru to find the latest just in case you missed my email.
If you don’t want to wait for YN to finally bring its own crypto-debit-card you could use this one which does work very well with low fees. http://crypto-debit.info
As always: do not hesitate contacting me with any ideas or questions you may have.