Category: Bitcoin

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How to make money with bitcoin investment online

Investing in Bitcoin can be lucrative, but it’s important to approach it with caution and understanding. Here’s a guide to making money with Bitcoin investments online:

  1. Educate Yourself: Before investing in Bitcoin or any other cryptocurrency, take the time to learn about how it works, the technology behind it (blockchain), its price volatility, and the risks involved. Understanding these fundamentals will help you make informed investment decisions.
  2. Choose a Reputable Exchange: Select a reputable cryptocurrency exchange to buy and sell Bitcoin. Look for exchanges with a good track record, strong security measures, and transparent fee structures.
  3. Create a Wallet: Set up a digital wallet to store your Bitcoin securely. There are different types of wallets, including hardware wallets, software wallets, and mobile wallets. Research and choose the one that best fits your needs and security preferences.
  4. Start with a Small Investment: Start with an amount you can afford to lose, especially if you’re new to Bitcoin investing. As you gain experience and confidence, you can consider increasing your investment over time.
  5. Diversify Your Portfolio: Consider diversifying your cryptocurrency investments beyond Bitcoin. There are thousands of other cryptocurrencies (altcoins) available, each with its own potential for growth and risk profile. Diversification can help mitigate risk.
  6. Stay Informed: Stay updated on market trends, news, and regulatory developments that may impact the price of Bitcoin. Being informed can help you make timely investment decisions and avoid potential pitfalls.
  7. Implement Risk Management Strategies: Set clear investment goals and risk management strategies. Consider setting stop-loss orders to limit potential losses and establish a plan for taking profits.
  8. Hodl or Trade: Decide whether you want to hodl (hold onto your Bitcoin long-term) or actively trade it for short-term gains. Hodling requires patience and conviction in the long-term potential of Bitcoin, while trading involves actively buying and selling based on price movements.
  9. Consider Dollar-Cost Averaging (DCA): DCA involves investing a fixed amount of money into Bitcoin at regular intervals, regardless of its price. This strategy can help smooth out price fluctuations and reduce the impact of market volatility.
  10. Be Prepared for Volatility: Bitcoin’s price can be highly volatile, with significant fluctuations in short periods. Be mentally prepared for price swings and avoid making impulsive decisions based on short-term market movements.
  11. Be Aware of Scams: Be cautious of scams and fraudulent schemes in the cryptocurrency space. Exercise due diligence before investing in any Bitcoin-related opportunity and beware of offers that sound too good to be true.
  12. Consider Tax Implications: Keep track of your Bitcoin transactions and be aware of the tax implications of buying, selling, and trading cryptocurrencies in your jurisdiction.

Remember that investing in Bitcoin carries inherent risks, and there are no guarantees of profits. Only invest what you can afford to lose, and consider consulting with a financial advisor before making investment decisions.

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Bitcoin Bitcoin ETF

Bitcoin Spot ETFs to Hit Hong Kong Market on April 30, Expert Warns of Imminent Rate War

In a significant development for the Bitcoin (BTC) market, Hong Kong will witness the start of trading of several spot Bitcoin ETFs on April 30.

This milestone follows the successful approval and subsequent commercialization of Bitcoin ETFs in the United States earlier this year under the regulatory oversight of the Securities and Exchange Commission (SEC).

With institutional adoption on the rise and Bitcoin reaching its all-time high of $73,700 in March, the upcoming launch of these ETFs in Hong Kong holds great promise for the cryptocurrency market.

Rate battle looms

The Hong Kong Securities and Futures Commission (SFC) made a notable announcement on April 15, approving the trading of several Bitcoin and Ethereum spot ETFs. This regulatory approval paved the way for Bitcoin ETF trading in Hong Kong.

Industry experts Eric Balchunas and James Seyffart of Bloomberg anticipate a rate war will ensue as ETF issuers strive to attract the largest number of customers.

Balchunas and Seyffart predict possible rate war in Hong Kong as Bitcoin ETFs prepare to launch. The Harvest Fund, for example, plans to enter the market with full fee waivers and the lowest rate of 0.3% after the waiver period.

Revised Bitcoin ETF Projections

The competitive fee structures of these Bitcoin ETFs are expected to generate greater interest among investors, which could attract greater assets under management.

Balchunas acknowledges the relatively low rate levels and describes them as a positive sign for the market. Lower fees are likely to increase the attractiveness of these index funds and increase their assets under management (AuM).

While optimism surrounds the launch of Bitcoin ETFs in Hong Kong, Eric Balchunas offers a cautious analysis of potential capital inflows into this new market.

Blachunas suggests that these ETFs could lag behind their US counterparts, which have already achieved trading volumes of more than $200 billion since their launch in January.

Balchunas revised his initial forecast, estimating that these Hong Kong ETFs could attract up to $1 billion in assets under management in the first two years of operation, doubling his previous projection of $500 million.

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Bitcoin Supply on Cryptocurrency Exchanges May Only Last 9 Months

Cryptocurrency trading and exchange platform Bybit has released a new report highlighting the impacts of the upcoming Bitcoin halving event on Bitcoin supply dynamics across exchanges in the crypto space. The crypto firm provided valuable insights into how the halving event would improve scarcity and hugely influence the price of BTC.

Exchanges will face Bitcoin supply crisis

On Tuesday, April 16, Bybit published a new report providing a detailed analysis of the Bitcoin halving event taking place this month. The crypto firm revealed that Bitcoin reserves on the world’s crypto exchanges are rapidly depleting, leaving just nine months of BTC supply on exchanges.

For a clearer perspective, Bybit explains that with just two million Bitcoin remaining in its total supply, a daily inflow of $500 million into spot Bitcoin ETFs would result in approximately 7,142 BTC leaving exchanges daily. This suggests that it would only take nine months to completely consume all remaining BTC reserves on exchanges.

Bybit stated that one of the main contributors to this reduction in supply would be the upcoming Bitcoin halving event, which would reduce the cryptocurrency’s total supply by 50%, cutting Bitcoin miners’ rewards in half.

The cryptocurrency exchange also revealed that after the halving, the sell-side supply of BTC flowing to centralized exchanges (CEX) will be greatly reduced. Furthermore, the “Bitcoin supply constraint will apparently be worse.”

BTC will become “twice as rare as gold”

In its report, Bybit compared the supply of Bitcoin after the halving with that of gold. The crypto exchange revealed that Bitcoin was steadily rising to become one of the safest investment options for even the most experienced and sophisticated investors in the crypto space.

According to the exchange, Bitcoin’s halving would significantly impact the cryptocurrency’s scarcity factor, making it an even rarer asset than gold.

Basing this analysis on the stock-to-flow (S2F) ratio, Bybit revealed that Bitcoin’s S2F ratio is currently around 56, while gold’s ratio is 60. After the halving event in April, it projects that the Bitcoin’s S2F ratio will increase to 112.

“Each Bitcoin halving enhances the narrative of Bitcoin not just as a currency, but as a scarce digital asset, similar to digital gold. The next halving in 2024 will push BTC into an era of unprecedented scarcity, making it twice as rare as gold,” said Bybit co-founder and CEO Ben Zhou.

While highlighting the importance of Bitcoin’s rarity after the halving, another report also revealed that Bitcoin’s price would see significant upward pressure after the halving. This suggests that the reduction in BTC supply could push its price to new highs during this period.

Furthermore, the report revealed that several crypto analysts predict that the post-halving rise in Bitcoin’s price would be less notable than the initial pre-halving surge that saw Bitcoin’s price reach new highs of over $73,000.

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Cameron and Tyler Winklevoss, founders of the Gemini

cryptocurrency exchange, are now investors in Real Bedford Football Club.
The brothers invested $4.5 million in Bitcoin in the soccer club as part of a transaction facilitated by Winklevoss Capital, their investment company.

This new partnership puts them alongside cryptocurrency podcaster Peter McCormack, who acquired the club in 2022.

The financial injection of the Winklevoss twins to Real Bedford is committed to several future projects. These include the creation of a new training center, the creation of a soccer academy and increased support for youth and women’s soccer programs.

The Twins became indirectly involved with the club in January 2022 after Gemini became one of their sponsors.

With this latest investment, Real Bedford also plans to establish a Bitcoin treasury.

Real Bedford’s linking up with high-profile American investors echoes a similar trend seen at Wales’ Wrexham AFC, which actors Rob McElhenney and Ryan Reynolds bought in February 2021 for £2 million ($2.5 million ).

Like Reynolds and McElhenney, the Winklevoss twins are aligning their technology investing capabilities with sports, expanding their influence beyond traditional business sectors into regional and community sports initiatives.

But the Winklevoss duo are just the latest in a long line of wealthy investors who see football clubs as a lucrative trophy.

According to a recent S&P Global report, “A few decades ago, sports teams were primarily viewed as risky, vanity assets.”

Today the scenario is different. The rising value of sports broadcasting rights and changes in player salaries have turned sports into an asset class that “combines above-market returns with the defensiveness often seen in sports utility companies.” low growth.”

One team that reportedly intends to sell a minority stake is Portugal’s Sporting Lisbon Football Club.

The current negotiations over the deal follow a debt restructuring at the club, where superstar Cristiano Ronaldo started out.

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Bitcoin Bitcoin ETF

Bitcoin spot ETFs to receive green light in Hong Kong in April

According to a recent Reuters report, Hong Kong will become the first city in Asia to launch Bitcoin spot ETFs. Notably, initial approvals for these ETFs are expected to be announced next week, significantly exceeding industry expectations for these types of launches this year.

The revival proposed by Hong Kong

According to the report, the decision to introduce spot Bitcoin ETFs comes as Hong Kong seeks to revive its status as a preeminent financial center, in which pandemic-related restrictions have been somewhat eased, China’s economic slowdown and tensions between China and the United States.

By adopting cryptocurrency investment vehicles, Hong Kong aims to attract new global investments and take cryptocurrency adoption to new heights.

Adrian Wang, CEO of Metalpha, a Hong Kong-based crypto asset manager, emphasized the importance of introducing Bitcoin ETFs in Hong Kong, noting the potential for greater global investment and broader adoption of cryptocurrencies.

This move follows the success of the United States, which launched the first US-listed spot Bitcoin ETFs in January and attracted approximately $12 billion in net inflows, as Bitcoinist previously reported.

While the Hong Kong Securities and Futures Commission (SFC) and the three Chinese firms declined to comment, the Hong Kong units of China Asset Management and Harvest Fund Management recently obtained approval from the SFC to manage portfolios with investments greater than 10% in virtual markets. asset.

These parent companies are major mutual fund companies in China, each managing more than 1 billion yuan ($138 billion) in assets.

Bitcoin Futures Success Fuels Interest in Spot Bitcoin ETFs

Cryptocurrency trading is prohibited in mainland China. However, Chinese offshore financial institutions have shown great interest in participating in the development of crypto assets in Hong Kong.

The city had already approved ETFs for cryptocurrency futures in late 2022, with the CSOP Bitcoin Futures ETF being the largest. It has accumulated around $120 million in assets under management, up sevenfold since September 2023.

In addition to the aforementioned asset managers, Hong Kong-based Value Partners has expressed its exploration of launching a spot Bitcoin ETF, although it has not revealed whether an official application has been filed.

Additionally, at least four asset managers from mainland China and Hong Kong, including China Asset Management, Harvest Fund Management and Bosera Asset Management, have filed applications to launch Bitcoin spot ETFs.

As the regulatory landscape evolves, the introduction of spot Bitcoin ETFs in Hong Kong is expected to pave the way for greater investment opportunities and contribute to the growth and maturation of the global cryptocurrency market.

At the time of writing, the market-leading cryptocurrency has witnessed significant price volatility. It approached its all-time high on Monday and hit a high of $72,600. However, it encountered upper level resistance, falling towards the $67,600 range. This represents a 3.5% reduction in the last 24 hours alone.