💎 Your Exclusive Weekly Crypto Insight (3 Feb 2024)

Welcome back to Bull Market Bytes, your weekly cryptocurrency insight where we watch the market switch back and forth from red to green faster than a chameleon at a disco party! 😂

You don’t want to miss this week’s topics!

Select below to skip ahead!

📰🚀 New Month, New Vibes

📖📸 Andrew Tate & Crypto

💼📌 Weekly Bytes of Insight

🗳️📊 Community Poll

📈🔍 Kaspa Price Forecasting

📚✏️ Weekly Lesson: Crypto Lingo

🤓 Fun Fact of the Week 💡

A man living in Southern Wales accidently threw away his external hard drive.

The thing is…

It had 8,000 Bitcoin on it, which is $340M at today’s value! 😭

He continues to plead with the city of Newport to allow him to begin a search party, but they always deny his request. 😤

If approved, the search is estimated to cost $11M and take over 18 months!

Would you be up for the challenge? 🤔

Click below, it is worth the read!

The Quest to Find the Lost Bitcoins!

New Month, New Vibes

Welcome to February, the month of love. ❤️

Also, the month where a groundhog predicts our future, and we rush to reserve a table for Valentine’s Day. 😂

Should we be excited for February?

In short, absolutely! 😎

Even though the spot Bitcoin ETFs did not go as planned in January, we must stay positive!

To begin, historically the month of February is a green month for Bitcoin!

We are also seeing the increase of Bitcoin holdings by large companies! 💰

Before we get too excited, this could be viewed both positively and negatively.

Positively, it is a step towards mass adoption and more volume is flowing into cryptocurrency. 👍

Negatively, it is a way for companies to become majority holders of Bitcoin and further manipulate. 👎

Currently, Bitcoin ETFs hold about 3% of the circulating supply of Bitcoin.

🧠 Remember! It is estimated that out of Bitcoin’s entire circulating supply, upwards of 20%-25% is lost or unretrievable! 🤯

We will cover this more in-depth in another weekly issue. 😉

So, where is Bitcoin headed next? Let’s take a look at the chart below! 👀

To refresh on candlesticks, click here!

““Support 1” is holding strong, but if we break it then we may continue sideways going into next month.

If we continue to hold, then either this month or next we could break $50,000! 🚀

Also, keep in mind the two events below!

1. The Bitcoin Halving (countdown timer)

2. Spot Ethereum ETFs (May 23rd for decision)

Will these events cause price spikes? 🤔

Only time will tell…

Andrew Tate & Crypto

In other news…

Andrew Tate announced on X that he may be launching his own cryptocurrency. 😲

Granted, he has since deleted the tweet…

Even so, is this a step towards him embracing cryptocurrency? 🤔

If his coin does launch, it will supposedly be backed by $100M of his own money and he said that he will never sell! 💰

This tweet came as a surprise as he has criticized many cryptocurrency projects.

He made it very clear that he does not endorse any cryptocurrencies in a video he created last year.

Now, the question becomes…

Would he make an exception for his own cryptocurrency? 🤷‍♂️

Many are skeptical, especially since he deleted the tweet. It could be a way to get attention, or it could be the next coin to 1,000X…

Read more below. It is worth it! 👇

Andrew Tate Announces his Crypto?

Weekly Bytes of Insight

Are cryptocurrency ads projected for this Super Bowl? We have seen them in past Super Bowls. Will BlackRock or another make a move to highlight their Bitcoin ETF?

Bitcoin ETFs estimated to reach $150B in volume in the next two years! This type of volume has financial advisors thinking Bitcoin will reach $120,000 or even $1M!

BlackRock and VanEck Bitcoin ETF Google ads are live! With Google revamping its advertising policy, we have these multi-billion-dollar giants paving the way in the advertisement space!

Crypto Analyst predicts a historic 122,000% surge for Shiba Inu! We have seen massive moves by Shiba Inu in the past. Is this prediction far-fetched? What are your thoughts?

Will February be Green?

📢 Gather around for that time of the week!

🔮 Grab your crystal ball, blow the dust off, and take a deep look.

Historically, February has been a positive month for Bitcoin’s price.

Will this February be positive? 📊

Kaspa Price Forecast

Kaspa has made a very impressive move, with the all-time return being over 55,000%!

Listing on Binance and Coinbase would add more volume and could lead to a further increase in price.

🧠 Remember! This is only a projection, this is not the exact numbers that we saw in our crystal ball, I mean in the conducted analysis. 😅

⚠️ This is NOT a call to action! The potential high price stated above is subject to change based on outside variables.

Let’s Learn Crypto Lingo!

Are you looking to be groovy and jive? 💿

Sorry…let’s switch to this decade…

You want to be on that genius and chill vibe?

🤦‍♂️ Eh…close enough…

If so, grab your thinking cap as we dive into this week’s lesson! 🤠

🧠 Already know the lingo? Check out our in-depth education lesson on trading psychology here!

With that said, let’s begin! 👍

Airdrop - Distribution of tokens for free. Primarily used to spread awareness and increase the number of wallet addresses.

Alt Season - A time where alternative coins or “altcoins” (anything other than Bitcoin) increase heavily in price.

Bag Holder - Someone that may own a lot of a specific cryptocurrency, normally at a loss.

DYOR - “Do Your Own Research”. Making sure to conduct your own analytics before investing in any way.

Flip - When a cryptocurrency passes another in market capitalization. “Ethereum may flip Bitcoin”.

FOMO - “Fear Of Missing Out”. Someone may buy into an investment because others are making money, and they don’t want to miss the profits.

FUD - “Fear, Uncertainty, Doubt”. Certain acts to scare people or spread false information.

Hash Rate - The computational power of a network, used to measure the security and efficiency of the blockchain.

HODL - Misspelling of the word “hold”. Occurred in a cryptocurrency forum in 2013 and stuck ever since.

Lambo - Short for Lamborghini and can show financial success.

Rekt - Slang for getting “wrecked” or suffering from a financial loss.

Sats - Short for Satoshi. A Satoshi is the smallest fraction of a Bitcoin, named after the inventor Satoshi Nakamoto.

Shilling - Advocating for a cryptocurrency, normally for a personal gain.

Whale - A large holder of a cryptocurrency. Normally holding 1% or more of the entire circulating supply.

Ready for your lesson review?

📚 Make sure to review the lesson above before answering!

Question: Which term is normally associated with the security and efficiency of a cryptocurrency’s blockchain?