Bitcoin just pulled a 3.7% jump as U.S. election fever hit, reaching nearly $70K!
Looks like BTC is having its own Election Day rally! 🗳📈
Popular trader Exitpump summed it up: “Sudden spot buying in unison”—it’s like everyone showed up to the polls with some spare BTC to buy!
👀 Another trader Moustache pointed out a pattern, suggesting BTC may have hit its bottom just before voting, giving us that classic election-year déjà vu.
🔍 CryptoQuant noted BTC’s election track record: +37% in 2016, +98% in 2020, and +22% in 2012. If history’s any clue, we’re in for a wild ride. 🎢
With traders cautiously betting on volatility, BTC might just steal the show… at least until we find out who’s moving into the White House! 🏛
😱Trader Missed Out on a Million Due to Crypto Market Panic
Another story of how fear and panic can cost a fortune in cryptocurrencies.
📌Key details:
• Trader bought meme tokens for 20 SOL ($2,970)
• Panicked during market correction and sold for 7.8 SOL ($1,140)
• Today, these tokens are worth over $1,000,000
↘️Losses:
• Direct losses: 12.2 SOL ($1,830)
• Missed profit: over $998,000
This is a classic example of “weak hands” in the crypto market, where emotional decisions lead to significant financial losses.
Experts remind about the importance of keeping a cool head and maintaining a long-term strategy when trading crypto assets.
💡Moral: HODL (Hold On for Dear Life) sometimes really works.
💥 Peter Todd: "I'm not Satoshi, but now I'm forced to hide..."
After the release of HBO's documentary Money Electric: The Bitcoin Mystery, Peter Todd was 'identified' as the creator of Bitcoin.
Now, the programmer is busy denying the rumors and even going into hiding! 🕵️♂️
"I'm not Satoshi! Hoback just wanted to boost his movie's ratings," Todd said. But the director is convinced he's "caught" him, claiming Todd's facial expressions and body language gave him away. 🤨
Since the documentary aired, Peter has been flooded with requests for money and even threats! Apparently, being a fake Satoshi comes with more than just fame—it brings a lot of headaches, too.
Moral of the story: being a cryptographer isn't for the faint of heart! 😅
PS: You can read my other related crypto post below
1.how to recognize scam in Defi pt 2
2.psychology of loss aversion in crypto trading
3.future predictions of cryptocurrency in the next five years
7.Mr beat cashed in cryptocurrency at the expenses of his followers
8.how to recognize a defi scam project
9.16 years of Bitcoin white paper
10.what is spot trading in simple terms
11.football legends involved in €3 billion crypto scam
Watch the video below