Notice of Removal of Trading Pairs - 2023-10-06

https://www.binance.com/en/support/announcement/ad539191a8d8447eb14dd8660bd57b44

This is #BITCOIN Monthly Return chart MoM(Month on Month). October seems to be good for #BTC or nearly Breakeven for it.

Here's the Analysis of #MKR :

#MKR Strongly Rejected from the Strong Resistance zone of $1575 - $1599 and nearly, reached the support Zone of $1372 - $1393 also added confluence with Trendline confluence. Expecting a bounce from the support in Daily TF or in case or break below, can go with the short sells.

Nothing Much movement in #Bitcoin, just a small retracement going on and on 4H TF, we can see, price facing strong resistance below $28,000 level, and expected a manipulation over the zone once.

I will give 5000$ to 1 lucky person who have telegram premium subscription and will Give a boost to Our Channel
Winner will be announced after 120 boost

Link :- https://t.me/TCGFORYOU?boost

#CHZ is been price given a break below of the zone, and goes in more profits. Price again gave a flip above the zone and hodling the zone, Short0term buys might go into resistance for potential shorts.

#LINK gone around 6% in the favor and hit us out at breakeven. Lookalike, price want to have a deeper retest around $7.8 and $8.00. Wait patiently it with to happen and pull the trigger.

What About Bankruptcy ?

Bankruptcy is a state where an entity or a person cannot meet financial obligations, such as debt repayment to creditors upon legal declaration.

Cryptocurrency has made notable advancements and has been highly beneficial for investors. However, in the past few months, there have been some significant misfortunes, leading investors to ponder on the future of their crypto investments.

Is Cryptocurrency FDIC Insured?

Well, the ultimate answer to this is NO. Cryptocurrency is not insured by the Federal Deposit Insurance Corporation (FDIC). This translates to the investors not enjoying any FDIC perks if the crypto company they have invested in goes bankrupt.
This also means that crypto investors risk losing their capital, and not a single government organization will back up their losses. Moreover, unlike a bank, the government guarantees no funds if the crypto firm gets defunct.

How Does Bankruptcy Impact Withdrawals?

Since the FDIC does not insure cryptocurrency, the most disastrous thing is when the investors cannot withdraw their hard-earned invested money from the bankrupt project. This means the masses' big share of the money has been wasted.

When Voyager filed for Chapter 11 bankruptcy protection, it stated that all the users would get their deposited USD amount, but it did not specify the cap of the returns. At the time of the bankruptcy proceedings, it said the company had $1.3 billion in cryptocurrency resources owned by customers.
After Voyager, Celsius also filed for bankruptcy protection in mid-July 2022. The official bankruptcy was filed after Celsius stopped all transactions, exchanges, and deposits between client accounts. As reported by them, they had almost $1.2 billion more in debt than they have in cash.
These two major cryptocurrency organizations' incidents have complicated things for investors. As a result, some people are now questioning whether they should invest their money in crypto.

Investors should remember that if the crypto organization they invest in goes out of business, no government institution will be able to protect their funds.

Given Preferences in a Bankruptcy Case?

There is a defined line of command regarding who receives payment for the residual assets during the Chapter-11 bankruptcy procedure. As a result, investors may not lose everything, even if a corporation owes $1 billion more than it has in holdings.

Per Chapter 11, in addition to other financial information and reports, the bankrupt corporation must publish an organizational plan of assets and liabilities. The business, attorneys and bankruptcy court collaborate to determine who receives what throughout the bankruptcy process.

According to the law, secured creditors often receive the very first payments. After fulfilling such commitments, money is used to pay off debts owed to financial creditors. Investors come in last to receive their money when it concerns getting their money back.

How to Recover Funds From a Bankrupt Crypto Firm?

Now that you won't be given any preference during bankruptcy as a retail investor, you might wonder what you could do to recover your funds from such a project. In most cases, if the project you have invested in goes out of business, it informs its investors immediately by the registered email address or contact number.

You must fill out the necessary forms and keep up with all the paperwork they need you to complete. Make sure you have entered the correct details while creating your account so that there won't be any hurdles if the project decides to return your money. Though there's a very low chance you get your crypto proceedings back, you might get some of your invested money. So, have patience and wait for the project (or its liquidators) to contact you.

Here's the Analysis of #MBOX :

#MBOX is been made a too messy move and moving lower till the last low/ support made around $0.226 - $0.227 and also broke the structural Support. Well, Nothing can be done here, to wait for the price to hit the support and potential buys reaction can be out trade.

#BTC got a manipulative move as expected, breakout out of its range, which it nearly reached the resistance area. Well, as of now, still we can consider it indecision in the market. Wait for the proper breakout either side to happen.

#CHZ is been again given a break below of the zone might gonna have wick fill all the way down till $0.056. Pull the Trigger accordingly, as market is very undecisive at the moment.

#BTC.D reached the resistance area as expected and market/ altcoins reacted with it. Now its gave a reversal candlestick pattern, which might gonna have, push it lower, which means we can see rally in alts, only if #BTC sustain over $27,000.

What is Bounty ?

Crypto bounties are an important rewards mechanism that blockchain projects utilize in order to secure the successful accomplishments of certain tasks required by the network. Initially, bounties were intended as a marketing tool to attract users to participate in performing validation services for blockchain projects. Today, crypto bounties have developed significantly beyond the purpose of a simple marketing tool.

One of the main purposes of a bounty rewards program is to promote the initial coin offering (ICO) of a token. Much like traditional initial public offerings, ICOs need to generate a lot of attention to be successful. Bounty reward programs are a great way to create awareness and engagement for a new token. The way bounties work is simple. The project looking to push its ICO announces a promotion campaign in which users perform marketing actions and receive tokens in return. These marketing actions can be anything from posting a photo or video promoting the project to publishing reviews in forums and online community boards. In return for performing these promotional actions, users receive either free or discounted tokens.

Bounty rewards campaigns were a huge phenomenon during the ICO craze in 2017 and 2018. Unfortunately, this marketing tool was often employed by fraudulent projects in order to promote fake tokens. This has made many crypto enthusiasts wary of bounty rewards programs. The Securities and Exchange Commission (SEC) has deemed some ICOs and bounty rewards programs illegal and used them as proof of wrongdoing in front of courts.

Despite numerous controversial cases, bounty rewards programs remain a very widespread marketing tactic for promoting new tokens. Not only that, some blockchain projects incorporate bounty rewards even after the successful launch of the token. Post-ICO rewards schemes are focused on boosting the development of the project. During them, developers are incentivized to go through the code of the project and localize bugs. In addition, bounty rewards may be offered for translation services aimed at making the project more globally accessible.

The abundance of bounty rewards programs has created a new persona in the cryptocurrency world — a crypto bounty hunter. Bounty hunters are people pursuing a number of rewards programs, seeking to benefit from all of them simultaneously. Much like bounty hunters in the Wild West, crypto bounty hunters always chase the best-paying rewards programs and race to be the ones to claim the reward.

Even with the high level of controversy surrounding bounty rewards programs, this is still a widely used marketing strategy by cryptocurrency projects.

Here's the Analysis of #ZIL :

#ZIL is been consolidating in a range after bouncing off the last support zone of $0.0152 - $0.0157. Around, $0.018 is standing as resistance zone and price action is bit unclear for now. Wait for the range to break, then after we'll look for further opportunity

#BITCOIN DAILY TF UPDATE :

#BITCOIN able to sustain above the Zone mentioned out and gave a breakout of the resistance line too, by which is showing a bullishness. Price daily a structural break of the previous swing high but have to see the Weekly Analysis too. As of now, Price is bullish above $27,000, and kinda ranging too, So wait for a break. either side.

#ETH flipped above the major resistance zone and exactly rejected from the Resistance area of $1740 as mentioned. Now, price keep driving lower and keep continuing till $1580. If price also breaks that, then we can consider #ETH to turn bearish.

"Bitcoin's 16-month accumulation phase began in May 2022 when MVRV (Market Cap to Realized Cap ratio) dipped below 1.44 (green line). These periods historically offer excellent long-term buying opportunities. MVRV, a simple yet powerful valuation metric, helps gauge Bitcoin's price fairness. Accumulation phases like this one, lasting over 500 days, are rare and resemble the 2015-2016 bear market. This extended accumulation phase suggests a favorable risk/reward for buying, as MVRV downtrends signal reduced selling pressure."