💎 Enjoy Your Premium Bitcoin Analytics! (9 July 2024)

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Welcome to Bull Market Bytes!

Your byte of cryptocurrency insight where we provide you with premium analytics to assist with predicting market movement.

No one wants to be surprised with what comes next…

Like stepping on a Lego on the way to the bathroom at 2am. 🤣

Let’s Explore Today’s Highlights

🥳 Fun Fact: Who Could be Satoshi Nakamoto (Bitcoin’s Creator)?

📊 Market Breakdown: Let the Market Recovery Begin!

📌 Bull Market Bulletin: Current Crypto News

📚 Trading Strategies: What is a Pump Group?

Fun Fact in Crypto 🥳

There may always be speculation over the question of the millennia…

Who is the creator of Bitcoin? 🤔

Well…Elon Musk placed his guess during an interview…who does he think it is?

Well, let’s dive more into that by answering, who is Nick Szabo?

Mr. Szabo was born in May of 1965 in New York City and was raised in California.

He graduated from the University of Washington in 1989 with a degree in computer science and later attended George Washington University Law School.

Now, this is where it starts to get more interesting… 👀

In 1998, Mr. Szabo created BitGold. Even though the project was never fully completed, it is viewed as a precursor to Bitcoin.

Later in 2014, The Aston University Centre for Forensic Linguistics conducted a linguistic study on Bitcoin’s white paper to determine the identity of Bitcoin’s creator.

The group concluded that Mr. Szabo was Nakamoto based on the linguistic similarities. 🤯

Mr. Szabo has denied all claim that he is Bitcoin’s creator and in 2014 said,” I’m afraid you got it wrong doxing me as Satoshi, but I’m used to it.”

Based off of this, do you think that Mr. Szabo is the creator of Bitcoin?

The Potential Creator of Bitcoin

Market Breakdown 📊

What a wild week this has been!

It feels like the other day Bitcoin was in the mid $60,000’s…

Wait a second! 😅

There are a few things that are primarily contributing to this rollercoaster ride that is Bitcoin’s price.

1. The Germany government is on a “Bitcoin spending spree”.

2. Mt. Gox is reimbursing upwards of $9 billion to effected investors.

3. I recently bought…the price always dips after that. 😂

Now, let’s now give this market breakdown that ole “Bull Market” magic so we can turn those frowns upside down. 😄

If we look back, there has always been some type “doom and gloom'" news prior to Bitcoin breaking the all-time high.

Don’t worry, there is still hope for us!

Let’s break that down a little bit more…

1. 2016 - Perpetual hacking scare results in millions stolen.

   Bitcoin breaks the all-time high in 2017.

2. 2020 - COVID results in massive sale offs and panic.

   Bitcoin breaks the all-time high in 2021.

3. 2024 - Germany government is selling Bitcoin/Mt. Gox initiates repayment plan.

   Bitcoin breaks all-time high in 2025???

So, let’s take a look at where we stand within the previous 24 hours. 👀

Even though these gains may not look impressive, it is a good start to get us out of a rut.

Also, in crypto, we must all admit that we have gotten spoiled from the massive gains.

For example…

In the stock market, the average yearly return is 7%-12%, and with compound interest, you can double your money in 7 years.

Wow…yeah, it’s not very exciting… 🤣

In comparison, let’s take a look at how crypto has performance for the past 12 months. 👇

Bitcoin is up 89.48%, that would take about 5-6 years in the stock market…

Let’s not even get started on Solana’s 557.64% gain! 🔥

Another interesting thing to keep in mind is…

Where is all of the Bitcoin and who owns the most? 🤔

Even though Germany may hold a lot of Bitcoin, along with Mt. Gox with their reimbursements, who actually holds the majority?

Well…let’s take a look below and see! 👇

Out of the 21 million Bitcoin that will ever exist, we see the top groups are actually:

1. Individuals (57%)

2. “Lost” Bitcoin (17.6%)

3. Bitcoin yet to be mined (6.6%)

And of course, Satoshi Nakamoto’s Bitcoin wallet at 5.2%…

The governments only account for 2.7%, so putting it in perspective, that is very small compared to the individuals that own it!

Speaking of “lost Bitcoin”, can you believe that almost 3.7 million Bitcoin are not accounted for?

That is around $210 billion! 🤯

Granted, when Bitcoin first started, no one was expecting the prices we see today.

If someone lost 1,000 Bitcoin, it wasn’t a big deal because that was only around $100 depending on when they bought.

So, What to Expect Next?

As we are still in the ascending triangle that was covered in the last newsletter, a continued market recovery is projected. 😎

For the formation above, we have not altered the lines since the new candlestick formed…

This is confirmation that we are holding support (the green line) and could continue to do so…

The Good News! 📰

The ascending triangle is projecting an all-time high break on the 27th of January 2025, which would be quite reasonable given the pattern that we have seen in the past…

1. 2013 all time high break

2. 2017 all time high break

3. 2021 all time high break

4. _____ all time high break

Every 4 years seems to be the magic number!

Now, will that be the case? Well…only time will tell… ⏰

🧠 Don’t forget! Any market is going to have bullish and bearish periods! Even though everyone may seem to want it to go up, there are those that want it to go down to buy it cheaper…market manipulation is real!

Bull Market Bulletin 📌

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Are Celebrities Next on the SEC’s “Hit List”? There have been numerous memecoins that have been built off of the Solana blockchain and shilled throughout numerous communities. However, if you are a celebrity with millions of followers…the SEC may be paying more attention. 🔍

According to lawyers, celebrities who have recently created and promoted memecoins on Solana could be breaking securities laws and “will absolutely catch the attention” of the US securities regulators. Who exactly are these celebrities? Click the title to find out!

German Government Continues to Dump Bitcoin! The German government transferred 16,309 Bitcoin (around $929 million) from its holdings to crypto exchanges on Monday, as the crypto market reacts, and Bitcoin drops to around $56,000.

With this latest transfer, the German government is more than halfway through its holdings, which is around 23,788 Bitcoin ($1.35 billion). It is going to be funny when Bitcoin rockets past $100,000 and they own 0 Bitcoin. 😅

Solana ETF and the Possible Launch Date. Solana appears to be the third cryptocurrency that will be pursued for an official ETF, but when will it launch, and it is actually likely to? Well…that is the million-dollar question…literally! 🤣

The Chicago Board Options Exchange (CBOE) filed applications on Monday to list VanEck and 21Shares’ proposed Solana ETFs, but the deadline is much further away than expected and it hinges on one important historical outcome. Can you guess what that may be? 👀

Trump’s Official Republican Platform Pledge. The US presidential race is one that is being broadcasted by many different audiences, and for this year, that includes the cryptocurrency audience! Even though everyone’s political views may be different, we can all agree that someone running for such a high political office that vouches for crypto is huge for all of us!

According to the document that was created by the Republican Party, “we will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their digital assets, and transact free from Government surveillance and control…so the question is… is this believable? 🤔

What is a “Pump Group” 📚

Welcome back to today’s educational lesson.

We are glad you could join us; we have an awesome topic today so make sure to grab your thinking caps as we dive into… 🤠

What is a “Pump Group”?

A Pump Group, by definition, is a manipulative scheme that attempts to boost the price through fake recommendations…

In short…investor beware! ⚠️

And before we get a lot of flak for this topic…just understand that in market manipulation, 95% of people are taken advantage of.

We don’t agree with that…now on to the topic! 😎

How Does a “Pump Group” Work?

In short, this is a group of investors that work together to pump the price of an asset…

There is a crypto that is selected (it can happen on the stock market side too) along with the exchange.

Some Pump Groups will only stick to specific exchanges such as Binance and KuCoin due to the liquidity and volume in the markets…

(They don’t want to be stuck with the mess they created) 🤦 

Normally buying it cheap and selling it much higher…

Sounds awesome, right? … WRONG! 👎

Let’s break down who is part of this pumps…directly and indirectly…

1. The leader of the Pump Group.

2. The members of the Pump Group.

3. The marketers that are paid to vouch for the project’s success.

4. The investors that enter due to FOMO (Fear of Missing Out).

And who is the one that profits from this…normally it is only the leader and some of the members.

Why Doesn’t Everyone Win?

Well…let’s take a look at the image below. 👀

This shows us the “Pump and Dump” market manipulation, which is normally fueled by Pump Groups.

As shown above, we have the different steps that take place in the Pump (left side) and also in the Dump (right side).

When the pump is taking place, the Pump Group is loading up on the asset and buying heavily at the regular price.

Then, the promotion of the stock (or crypto) occurs, which is generating the FOMO from the outside investors.

And guess who the Pump Group is selling to for a profit? 🤔

Whoever is unfortunate enough to get caught up in the market manipulation and promises of “moon” or “Lambo” …

Keep in mind, the leader of the group is normally buying at the “pre-pump value”, which is far in advance and cheaper than the rest of the group.

How to Avoid Pump Groups!

There is a lot of opportunity in the crypto markets…there are legit projects that have a lot of potential!

And even with that said, there are projects that don’t have a lot of potential that generate millions…

From the Pump Groups, of course.

Cryptocurrency is a very young market that is going to continue to grow for many years to come…

And with that said…

If someone mentions “once in a lifetime opportunity”, that is a load of BS. 😂

Keep in mind, 75% to 85% of the people that are promoting projects are paid actors…they could care less about the long-term success of the project…

They want to dump their coins/tokens on the poor soul that is willing to buy at a higher price than they did.

Do your own research and protect your investments!

🧠 Remember! You are the CEO, CFO, and Board of Directors for your investment portfolio! Do not jump into an investment without doing extensive research to the point where you could argue for hours of why you put your hard-earned money into it!

Your feedback is very important to us! ❤️

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