$BTC (-0,94%)

Because "there is only a mathematical algorithm" behind it, Bundesbank head Joachim Nagel can "only advise caution" with Bitcoin.

"Look at the price fluctuations, they should give anyone looking for a solid investment pause for thought, not to mention a means of payment! As a central banker, I can only advise caution," says Bundesbank President Joachim Nagel.

Because he considers Bitcoin to be a speculative bubble and there is "no authority like a central bank" behind it, Nagel has therefore never invested.

"As a central banker on the ECB Governing Council, my investment options are subject to strict rules. But even as a private investor, I wouldn't invest in crypto assets," he told Focus.

ECB Director General Ulrich Bindseil and ECB advisor Jürgen Schaaf are of a similar opinion. After the FTX collapse and the resulting Bitcoin correction, the two ECB employees published a report on November 30, 2022 entitled: "The Bitcoin [price] is on its way to irrelevance."

Since then, Bitcoin has risen by almost 500 percent.

Read here what the ECB employees are now demanding: ECB employees want to prevent Bitcoin price rise by law

Not only the two ECB authors are being criticized, Joachim Nagel is now also a target of the Bitcoin community on X: he has failed the intelligence test, says one user.

https://www.btc-echo.de/schlagzeilen/bundesbank-chef-bitcoin-hat-keinen-realen-gegenwert-198166/

Let's get one thing out of the way first. Of course, I consider some points to be a bureaucratic disaster, especially for the retail market. At the same time, I also see that, at least in the short to medium term, stricter regulation could and certainly will lead to international competitive disadvantages for the European market.

Nevertheless, in my opinion at least, not everything is as bad as it is communicated in or on many crypto-friendly media or channels. Quite the opposite. I think regulation is an important step towards adaptation. Now, as always, implementation is not always what the individual would perhaps like it to be. That, too, is democracy. Nevertheless, I am much happier to see EU activity in the crypto market instead of just waiting and watching from the sidelines to see what is conjured up in the US.

For i.a. $BTC (-0,94%) from 01.01.2025, there will be an obligation to provide evidence for Satoshi with a value of €1000 or more when these are deposited on exchanges. This is likely to be a challenge, especially for all those who (hopefully) hold their BTC in cold wallets.

It will certainly take some time before user-friendly concepts for verification are implemented. The reason is the anonymization through multiple addresses of the wallet manufacturers. However, as the volume of the EU market is not entirely insignificant, albeit not as huge as that in the USA, some large platforms will certainly take the first steps soon and others will follow suit to avoid losing customers.

However, as I expect further partial sales in Q1 in line with my plan and do not assume that the implementation will work smoothly overnight (or at least within weeks), I will therefore transfer everything that I foresee wanting to sell in Q1 to an exchange before the turn of the year.

How do you handle this?

P.S.: As always, the spelling mistakes are intentional in order to prove beyond doubt that the text was written by a homo sapien.

Cathie Wood, CEO of Ark Invest, explains that Bitcoin will become "even scarcer than gold" due to rising institutional demand.

She predicts that the Bitcoin
$BTC (-0,94%)

-price will reach the mark of 1 million USD mark by 2030.

Since there are a few people who are interested... Here is some more information about my trading bot. Everything was traded with 3000€ initial deposit and without leverage and that in only one month. The program runs in Bitcoin, Euro/USD and NASDAQ etc.

Here you can see 2 of his trades which I think look very logical. Of course not all trades are logical but these fly out within a very short time due to a tight SL.

Here you can see my account balance and the capital. I have now switched the program to swing trading and within a month I have made a profit of $BTC (-0,94%) 7500€. With 3000€ stake and no leverage.

Here you can see what it looks like when it trades automatically and again I think it looks really good. My emotional self would have been out of the position with a minus long ago ;)

In this picture you can see some data that might interest some people. The profit factor is very good, I have to say, and the profit... I don't think I need to say anything about that.

And here again a somewhat wild picture of all the orders and SL,TP.

In the last few Bitcoin cycles, there was always a nice pump after Christmas. Everything will be fine. 🎅🎄🎁📈 $BTC (-0,94%)
$MSTR (-6,98%)
$RIOT (-5,17%)
$COIN (-2,81%)
$MARA (-2,77%)
$ETH (-1,65%)
#krypto
#crypto
#bitcoin
$XRP (-1,03%)
$SOL (+0,62%)
$SOL (+0,64%)

A few years ago, I took a chance and invested some play money in $BTC (-0,94%) and other cryptocurrencies - with a lot of curiosity and a pinch of uncertainty. Who could have guessed then and now where the journey would take us. Especially because the crypto market is so volatile. 🎢

It's been a fascinating journey full of ups and downs (and my God did it go deep at times 😅).

For me, the price was just too tempting a few weeks ago and I said goodbye to part of my Bitcoin investment 💸 We'll see if I regret that in the future...

😏 $BTC (-0,94%)

One day after the International Monetary Fund (IMF) called for a reduction in Bitcoin use, El Salvador bought 11 Bitcoins worth over one million dollars. President Nayib Bukele announced the purchase on Twitter and took advantage of the price drop to make the purchase. The IMF had previously expressed concerns about the financial risks and the impact on the country's debt. Despite these warnings, El Salvador is continuing with its Bitcoin strategy.

https://finance.yahoo.com/news/el-salvador-buys-bitcoin-dip-180013477.html

Hey guys, I have written an automatic trading program for the $BTC (-0,94%) program. I wanted to ask if anyone has had any experience or uses one themselves. I have 5000€ as realistic margin and a 1:5 leverage. I've been backtesting it since 2018 and I have to say that I'm very happy with the returns. It cushions the downs quite okay. #bitcoin
$BTC (-0,94%) I am at approx. 133k. Don't take me apart too much ;)

A subsidiary of Groupe BPCE, one of the largest banks in France. banks in France 🇫🇷, has received approval, Bitcoin
$BTC (-0,94%)- and crypto-investment services for its 35 million users.

Groupe BPCE manages assets of USD 1.5 trillion and is one of the country's leading financial institutions.

The listed company Marathon Digital Holdings
$MARA (-2,77%) has 15,574 Bitcoin
$BTC (-0,94%) for 1.53 billion USD acquired.