#BTC breaks through 66,000, can it hit 70,000 this time?#
BTC briefly broke through $66,000, the crypto market generally rose, MEME coin broke a new high, futures positions reached a new high, and the crypto bull market restarted?
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₿.R.E.A.M
Bithumb's 620,000 BTC Copy? The Incident Reveals the (Real) Importance of Bitcoin loan**: Even Bithumb employees can create tens of trillions of Bitcoin out of thin air if they so choose... Does that mean they can create 620,000 or 6.2 million? Haha. They could easily create even 0.001 won in an instant. The recent Bithumb "misdelivery of 620,000 Bitcoins" incident dramatically demonstrates why Bitcoin was created and why it remains so important. The danger lies not with Bitcoin itself, but with the intermediaries. The Bitcoin printed on an exchange account doesn't represent the actual Bitcoin (existing on-chain). It's essentially more like an "IOU." For example, if a certain exchange prints 1 million Bitcoins on its ledger and then dumps them, would Bitcoin fail? In fact, the opposite is true. People will withdraw their Bitcoin, and exchanges that lose their solvency and trust will fail. Ultimately, what's collapsing isn't Bitcoin, but the intermediaries that have lost trust. This is the same structure as traditional finance. The banking system we use also moves far more numbers on the ledger than physical cash. The problem isn't Bitcoin, but the systemic risk of the humans who manage the centralized ledger. Bitcoin was created to solve this very problem. If they wanted to, they could create tens of trillions of fiat currencies that don't exist... Does that mean they can create 6 trillion, 60 trillion, or 600 trillion? Haha (But they're already doing that.) 1 BTC = 1 million could easily be created in an instant.
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2.35%
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💸돈이 되는 정보
Fortune) What caused the Bitcoin crash? The bankruptcy of a Hong Kong hedge fund is being pointed to as a clue. Key Hypothesis: The 'Perfect Storm' of Hong Kong Hedge Funds This theory, proposed by former stock trader Parker White, is currently considered the most persuasive cause. 1. Excessive 'Leverage' Betting Some Hong Kong hedge funds placed huge bets on 'call options' (the right to buy at a specific price in the future) on BlackRock's Bitcoin spot ETF, IBIT. They focused particularly on risky options (out-of-the-money call options) that could pay off handsomely if the price rose significantly. 2. Backlash from the Yen Carry Trade To raise investment funds, they utilized the 'yen carry trade,' borrowing low-interest yen and investing. However, recent fluctuations in the yen's value and rising funding costs have led to a funding squeeze. 3. Losses in the Silver Market To make matters worse, these funds appear to have also suffered significant losses in the recently volatile silver market. While waiting for a Bitcoin rebound, they desperately needed funds to cover losses elsewhere. 4. Chain Reaction of Forced Liquidations When the Bitcoin price unexpectedly declined, the value of the funds' collateral declined, ultimately leading to forced liquidations. The massive amount of IBIT (Bitcoin ETF) holdings held by these funds were then dumped into the market, causing a sharp decline in the Bitcoin price. 5. Why Was This Not Known Beforehand? Usually, rumors of a cryptocurrency market crisis first circulate through platforms like Crypto Twitter. However, because the Hong Kong hedge funds traded through ETFs in the US stock market, not through coins, they remained under the radar of the existing cryptocurrency community. fortune.com/2026/02/06/what-ca... Official Channel: t.me/airdr0p_lab/16757
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282.99%
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₿.R.E.A.M
Bithumb's 620,000 BTC Copy? The Incident Shows the (Real) Importance of Bitcoin Someone overseas lost a hard drive with 1,000 Bitcoins and went to a garbage dump. What nonsense. Just inputting the numbers would give you 2,000. kys8** (12:58) This is seriously serious. Sending something that doesn't exist is serious enough, but how can someone receive it and even trade it? Then how can you tell the difference between real and fake? chan** (12:46)** But since they created and then retrieved Bitcoin that didn't exist, a new 60 trillion won worth of Bitcoin was created in the global Bitcoin market? LOL, what a ridiculous market. LOL loan** (14:33) Even employees at Bithumb can create tens of trillions of Bitcoin out of thin air if they want... Does that mean they can create 620,000 or 6.2 million? LOL, they could easily create 0.001 won in an instant. The recent Bithumb "misdelivery of 620,000 Bitcoins" incident dramatically demonstrates why Bitcoin was created and why it remains important. The danger isn't Bitcoin itself, but the intermediaries. The Bitcoin printed on an exchange account doesn't represent real Bitcoin (existing on-chain). It's essentially a "Promise of Understanding (IOU)." This is a structure that has been repeated in traditional finance. The banking system we use also moves far more numbers on the ledger than physical cash. The problem isn't Bitcoin itself, but the systemic risk of the humans who run the centralized ledger. Bitcoin was created to solve this very problem. For example, suppose Bithumb or another exchange prints 1 million Bitcoins and dumps them on its ledger. In that case, Bitcoin won't fail. Instead, the exchange's fake Bitcoin price will drop to zero, and the exchange will go under. (A rollback wouldn't prevent the failure, but a loss of trust would likely lead to its downfall.)
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2.35%
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mayowa.8🍀
I strongly agree because till date, I've not really seen any successful ambassadorship program in this industry. One of the major problems projects face with these programs is the fact that the people applying are just applying because of whatever incentive the project has to offer Majority do not even know what the product is about talkless of knowing how to use it or convince another person to use it. Another mistake projects do while selecting ambassadors is the unnecessary need to announce they are scouting for ambassadors and their obsessions with influencers or big accounts who do not really care about them. I've actually been positioning myself as a creator-marketing personnel and one of the things I've promised to work on is to stop the announcement of ambassadorhip programs that will be incentivized with monthly payments and token allocations. If the ambassadorhip program will be genuine and filled with monthly incentives, then there's no need to make unnecessary announcements about it. The major work here is look into the current community and scout for some genuine creators who have been pushing the Product, look into the niche of whatever product we are building and see the creators who are actively contributing value to the discussions and topics in that niche. These are the people we will be reaching out to for ambassadorhip offers because they understand what our product is doing and they have the potential to onboard new folks to come use our products. These are the people who deserve to be paid either monthly or bi-monthly for the work they'll be doing for us. 5-10 genuine creators are enough for a genuine ambassadorhip program. But yeah, since most projects too never had genuine intentions towards their ambassadors, so they use those announcement posts to farm engagements and eventually hire just anybody that'll give them impressions with a false hope of getting token allocations at TGE. The whole hiring system in this space is broken and no one is willing to fix it at the moment.
binji
@binji_x
most ambassador programs fail because no one knows what they’re talking about and no one has put in the effort to teach them.
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