This is how you can make a Million Dollars from cryptocurrency during 2022 these next Eight steps are crucial, so read ahead.
Oh, by the way, we’re not selling you anything, unlike some blogs and websites, all of these Eight tips are practically free gold, so your welcome, Merry Christmas and a happy new year everyone.
Although cryptocurrency has been experiencing a rough couple of weeks heading into the end of the year, it’s worth noting that these digital coins have experienced an unprecedented amount of growth over the last 12 months.
Against the backdrop of the Covid-19 pandemic, these blockchains have risen to prominence, with highlights including Tesla billionaire Elon Musk spruiking the coins, El Salvador adopting bitcoin as legal tender, Facebook creating an entire metaverse with crypto as the only currency and digital assets entering global stock markets in the form of exchange traded funds (ETFs).
The top ten coins for 2021, as listed by Forbes, were:
Bitcoin (BTC) – market cap over $1.7 trillion.
Ethereum (ETH) – market cap over $520 billion.
Binance Coin (BNB) – market cap over $88 billion.
Tether (USDT) – market cap over $70 billion.
Cardano (ADA) – market cap over $66 billion.
Solana (SOL) – market cap over 60$ billion.
XRP (XRP) – market cap over $50 billion.
Polkadot (DOT) – market cap over $43 billion.
Shiba Inu (SHIB) – market cap over $41 billion.
Dogecoin (DOGE) – market cap over $38 billion.
These Eight Points will allow you to avoid being left behind and make that sweet, sweet first Million Dollars from cryptocurrency during 2022 and beyond.
Ah, yes, the Orange wonder of the cryptocurrency world.
Wall Street is finally coming to it’s senses, valuing Bitcoin like gold and we’ve seen the price explode during 2021 can this continue to happen?
The answer is yes, Bitcoin being by far the largest market cap cryptocurrency will continue to attain the most capital, especially from Wall Street and Connecticut hedge funds during 2022 think Trillions of dollars instead of Millions pouring from various sources, all for one purpose, to accumulate bitcoin and perhaps others.
The brain child of Vitalik Buterin, Ethereum has outperformed many different cryptocurrencies this year and looks like there is no signs of slowing down long term price wise.
Ethereum has been accumulated by many funds throughout 2021 and will continue to be. Like Bitcoin, Ethereum will be the receiver of the majority of funds due to it’s vast market cap and growing application throughout many industries.
The future is especially bright for Ethereum and has a very, very exciting 2022 to look forward to.
3. Non Fungible Tokens.
Non-fungible tokens (NFTs) seem to have exploded out of the ether this year. From art and music to tacos and toilet paper, these digital assets are selling like 17th-century exotic Dutch tulips—some for millions of dollars.
But are NFTs worth the money—or the hype? Some experts say they’re a bubble poised to pop, like the dotcom craze or Beanie Babies. Others believe NFTs are here to stay, and that they will change investing forever.
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. A staggering $174 million has been spent on NFTs since November 2017.
NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. “Essentially, NFTs create digital scarcity,” says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.
This stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it’s in demand.
But many NFTs, at least in these early days, have been digital creations that already exist in some form elsewhere, like iconic video clips from NBA games or securitized versions of digital art that’s already floating around on Instagram.
For instance, famous digital artist Mike Winklemann, better known as “Beeple” crafted a composite of 5,000 daily drawings to create perhaps the most famous NFT of the moment, “EVERYDAYS: The First 5000 Days,” which sold at Christie’s for a record-breaking $69.3 million.
Anyone can view the individual images—or even the entire collage of images online for free. So why are people willing to spend millions on something they could easily screenshot or download?
Because an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself.
Ranked number five on the crypto leader board, Solana emerged almost out of non-existence to overtake bigger players in the cryptocurrency space.
Solana will have a very, very interesting 2022 with many people aiming to make Millions of Dollars from Ethereum competitors.
5. Cryptos Will Become More Accepted as a Payment Source.
One of the major bear cases against cryptocurrency is that it’s not accepted as a viable substitute for traditional currencies. If this scenario plays out, many cryptocurrencies may indeed become worthless. However, just the opposite has been happening in 2021, and the trend seems likely to continue into 2022. As more and more businesses begin accepting cryptocurrency like Bitcoin as legal tender, both the viability and the value of cryptos will likely increase.
6. ADA ( Cardano )
ADA has been one of the best performing cryptocurrencies during 2021, despite it’s worth halving during the latter part of this year however still posting monumental growth from 2020 and this looks set’s to continue.
An Ethereum competitor with a healthy fan base, ADA will have a very promising 2022 making many millionaires during the process.
7. Boost in crypto education.
Recently, there has been an increase in the demand for cryptocurrency education. More and more people are starting to realize how valuable blockchain technology really is.
In the first quarter of 2022, it is expected that learning how to trade and sell cryptocurrencies will become a more normal event. Trading cryptocurrencies is becoming much easier as trading platforms carry out constant upgrades as well.
You can expect that the process of investing fiat into crypto and back into your local currency will be much easier than you could ever imagine!
8. Everything Is An Oppurtunity.
Yes, that’s right, Everything Is An Oppurtunity.
If you do your own research ( DYOR ) listen to people who are well versed with this world and have a proven track record instead of just trying to make money shilling coins to their audience ( Bit Boy ) then the future will be bright 2022 and beyond.
We Are All Gonna Make It I’m sure of it, if you are even reading this, then you are likely to become a multi Millionaire during 2022 and beyond.
All Is Good And God Bless Let’s Get It During 2022 And Beyond.
Driving the news: Crypto adoption by consumers around the world soared by 880% in the last year, according to a new index created by Chainalysis, a blockchain analysis company.
Why it matters: The increasingly widespread use of crypto tells different stories about the dynamics within different countries. Taken together, it shows that digital assets are becoming deeply embedded in the global financial system.
Adoption is an estimate weighted toward per capita use of crypto, as opposed to a measure of absolute trading volumes, within each country.
The index reading for each quarter is a sum of all 154 countries’ index scores. (Read more about Chainalysis’ methodology at the index web page.)
Progress on technology and exchanges has underpinned much of the growth in crypto adoption, Chainalysis’ director of research, Kim Grauer, tells Axios.
Zoom in: Vietnam took the top ranking for most widespread adoption. Usage there tends to be heavily speculative, Grauer says.
“There’s a really technologically savvy population of young people” who have limited access to investments like stocks and ETFs, she adds.
Nigeria is also a top adopter. Usage there is more weighted toward actual commerce — especially for avoiding capital controls in order to import goods from trading partners like China, says Grauer.
Kate Marino is business editor at Axios. She writes about the economy and markets.
Data from TradingView and FTX shows that AUDIO’s price started pumping around 16:00 UTC on Aug. 16 and reached a high at $4.04 at approximately 6:00 UTC on Aug. 17. News of the TikTok tie-up first emerged at 15:00 UTC on Aug. 16.
As CoinDesk reported, TikTok chose Audius to power its new “TikTok Sounds” library, the first of its kind for TikTok, with an aim to streamline the app’s music upload and selection process.
As the governance token of Audius, AUDIO is staked by users to secure the platform. In return, users receive a share of network fees, governance voting power as well as some value-added services like their favorite artists’ tokens and badges, according to Audius’ website.
While the token lives on the Ethereum blockchain, parts of the Audius platform run on the Solana blockchain.
The instant price pump also pushed the total market capitalization of AUDIO above $1 billion for the first time, according to CoinGecko, making it one of the 90 cryptocurrencies worth at least $1 billion. Its current market cap sits at $1.23 billion.
Audius, known as the “decentralized Spotify,” was founded in 2018 and is one of the largest decentralized consumer blockchain applications by monthly users.
AUDIO trading is mostly concentrated on centralized exchange Binance, according to CoinGecko. The exchange provides multiple AUDIO trading pairs including AUDIO/USDT, AUDIO/BUSD and AUDIO/BTC. The token is also available on decentralized exchanges such as Uniswap.
Inside the actual group chats where people pump and dump cryptocurrency
How self-proclaimed “pump and dump groups” scam thousands of wannabe altcoin investors.
Every few days, 200,000 strangers come together online to buy little-known cryptocurrencies, also known as altcoins, at exactly 2 p.m. Eastern time. Then, anywhere from 30 to 120 seconds later, they sell them en masse (or at least try to). Those who buy and sell at the right time can potentially make out like bandits.
Welcome to the wild world of altcoin “pump groups,” where participants believe they are the wolves, but they’re actually probably the sheep.
“Pumping is the process through which a large group of people agree to buy a certain coin at a particular time,” reads the welcome messages for The Alt Pump, a pump group based in the messaging app Discord that has more than 30,000 members. “With this group, you will have large amounts of people buying a coin at the same time. This will pump the price straight up. After this the dumping part comes in. After the price rises tremendously up because of the pumping, we start selling at a good profit. This is called dumping.”
The pump group ethos is simple: Buy low, sell high. The implication is that investors outside the pump group will see the rapidly rising price and rush to buy in, anxious not to miss the next Bitcoin-style gold rush. But the reality is a bit more complex.
Instant, easy wealth is always the founding principle of a pump group, whether it’s presented in terms that seem reasonable, like “at least a 300% return on your investment,” or ridiculous, “[GET] READY FOR A FUCKING LAMBO” (both of which are actual messages sent in groups). These groups are promoted heavily on Facebook, Instagram, and Twitter as both ads and general posts, but they almost exclusively operate on semi-anonymous messaging services like Discord and Telegram.
The whole scam works like this: First, an organizer grows their group to an acceptable size (2,000 seems to be the minimum, based on member-hungry Discord and Telegram posts) through promotion and by spamming join links. Next, they will find an unheard-of coin and direct everyone to buy it, driving the price up. Commonly called altcoins (or less politely, shitcoins), these alternative cryptocurrencies are easy to make and generally worthless. The organizer sets a “target price,” and then it’s basically a free-for-all, as participants decide on their own when to sell.
I spent a day lurking in 12 of these groups ranging from large (Big Pump Signal, 200K) to small (Cali Pumps, 2K) and chatting with their members. In most established groups, the pumping process itself is surprisingly well-organized. Group leaders provide specific instructions to their members that include the exact time a pump will occur (translated into multiple time zones), what exchange the pump will take place on, what the “target” inflation price is, how the pump signal will be provided (some groups say they use images instead of text, to counter bots), and a number of other helpful tips and tricks. As it grows closer to pump o’clock, organizers will send out a flurry of reminders and inspiring messages in order to, well, pump up the troops.
A screenshot of messages in Big Pump Signal’s Telegram channel from January 20.
After the pump signal is given, group members flood the chosen exchange, buying up as much of the coin as they can for cheap. Members are also expected to promote the coin on social media in order to create buzz around it, which is intended to attract new investors to the currency. As BuzzFeed reported, members of these groups sometimes even create fake celebrity tweets or fabricate news stories in order to affect the price of a coin. Members are instructed to “dump” the coin — meaning, sell it as quickly as possible — once the coin reaches a preset “target” price, in order to make a profit, however, the market usually collapses long before then due to panic and general volatility.
Two of Big Pump Signal’s most recent pumps are good examples of how the whole scheme works.
On January 13, Big Pump Signal announced the pump of the day would be GVT, a four-month-old Russia-based altcoin created by an apparently product-less company called Genesis Vision. All of Big Pump Signal’s take place on the cryptocurrency exchange Binance.
Thirty-four seconds before the pump signal was given for GVT in the general chat room, the coin was trading for approximately $29.22, according to data collected by CoinMarketCap. Almost immediately afterwards, it began to rise in value. Four minutes and 16 seconds after the pump signal, it was at $35.05, and at nine minutes and 16 seconds post-pump-signal it had reached its peak at $45.41. Anyone who invested immediately and dumped right at the peak could have potentially earned a 55.51 percent return on their investment. In other words, if a participant invested the equivalent of $1,000 immediately after the signal dropped and happened to randomly guess when the peak would be and sold exactly then, they would have made $1,555.10 (minus the .1 percent trading fee charged by Binance and any fees for withdrawing their money from the exchange). This is about the best case scenario you can hope for, but it’s an unlikely outcome for the average investor.
The group’s pump of BNT — an altcoin created by the B protocol Foundation in June 2017 — turned out a little differently. Forty-six seconds before the pump signal was given, BNT was trading at $7.91, according to data collected by CoinMarketCap. At its peak, four minutes and 15 seconds post-pump-signal, BNT was only trading at $9.67, and then quickly plunged back down into oblivion, meaning the highest possible earnings were around 22.25 percent. That means if a participant bought $1,000 worth of BNT as soon as the signal dropped and and somehow knew to sell four minutes and 15 seconds later at the peak, they would have made $1,222.50 (minus the .1 percent trading fee charged by Binance and any fees for withdrawing their money from the exchange).
“Eighty to 90 percent of the people lose and they’ll probably think, ‘Oh I just I just waited too long to sell it. I could just do it again. Let me try it again,’” said Chris Koerner, an altcoin expert and veteran cryptocurrency trader, in a phone interview. Some organizers charge a fee to participate in the pump — which can be anywhere from $10 to $1,000 — meaning they’ll make money regardless, while most of the members are essentially just gambling. “And it becomes this addiction: You just keep losing money until you don’t have any left, and the organizer makes out like a bandit, because not only is he profiting off buying it before anyone else, but he’s charging people for the group.”
Tiered access to the pump signal (a.k.a., the message that lets everyone know which coin to buy) seems to be the norm for most groups. Users are generally assigned ranks based on their participation in an affiliate system, or by the amount of cash they’ve sent to an organizer in order to obtain a “premium” membership. High-ranking members may be sent the pump signal anywhere from half-a-second to three seconds earlier than the general pool, a disparity the groups advertise openly.
“They are 90 percent a scam to take money and the ones at the top will always win,” said Brad Spann, an active member of a number of the most popular pump groups, over Discord chat. Like most involved in the scam, Spann first heard about the groups through Twitter, but quickly became hooked. “Once I got in a group, people would send me links to other groups to join so they could rank up to get a faster chance at getting the signal for the coin for the pump and dump.”
Here’s how ‘MEGA Pump – Cryptocurrency Investment Group’ — which has over 30,000 members on Discord and 12,000 on Telegram — describes it:
The higher your rank the faster you get the signal for the pumps! Ranks are determined by the amount of people that you have invited. Each rank gets the signal faster than previous. The more you invite, the faster you get in on the pump!
While a couple of seconds might not seem like much of an advantage to an outsider, in the fast-paced world of pump and dump, it makes all the difference. If you don’t buy into the chosen altcoin within the first few seconds of the pump, you’re probably going lose money. The general consensus within the groups themselves is that this is due to bots, which are allegedly used by members to buy and sell large amounts of coin almost instantly. The fact that it is so easy to lose money may just be due to the structure of the scam, however, in which elite members are the only ones positioned to profit.
“A lot of people don’t feel that [the tiered system] is fair,” said Spann. “[S]ome groups have thought about changing that and making it free for all pumps and then doing a giveaway or raffle for those who invite more people. In the end th[e] admins of these groups will always want more people in their groups — so they can make more gains on bigger pumps — because they always buy in first because they know the coin they will pump.”
A quick scan of Twitter (or even some of the groups’ own Discord chat channels) will quickly reveal a number of users complaining about losing money. “This wasn’t a good pump,” wrote one in response to MEGA Pump’s January 20 pump of BNT. “When we [received] the notice for the coin it was already at it top [sic]. A lot of people lost money.”
Though the technology for these sort of schemes has been around for years, pump and dump groups seem to have recently skyrocketed in popularity. The popular pump groups I found on Discord and Telegram were created within the last two months, and mentions of pump groups on Twitter and elsewhere from November 2017 and earlier pale in comparison to recent stats. The same goes for mentions of pump-group-related ads on Facebook and Twitter.
People may be taking a chance on these obviously sketchy “investment opportunities” out of cryptocurrency-related FOMO. In the wake of Bitcoin’s extremely high-profile year, everyone wants in on the seemingly magical cryptocurrency market. Koerner thinks most people’s utter lack of financial knowledge is also to blame. “I think they don’t have any experience in the stock market…and people are exploiting that,” he told The Outline. “I think most people don’t realize [sic] there has to be demand for what you’re selling at that crazy price. And if there’s not, then the price drops like crazy and you lose.”
SafeMoon is a cryptocurrency token that promises potential investors the moon—that is, when a token reaches a sky-high value. The idea is that Safemoon will reach the moon “safely” (get it?), its creators say, by exploiting the Rube Goldberg-like mechanics of programmable tokens and a critical mass of social media-driven investment to boost its value. To some, it’s an opportunity for profit, but to many it looks a lot like a complicated and risky scheme just waiting to crumble into a mess of broken dreams.
SafeMoon is designed to discourage selling by levying a ten percent tax on sellers. Of that ten percent tax when someone sells their SafeMoon, five percent is distributed back to current holders, and the other five percent is destroyed, reducing the supply and supposedly driving up the price. That’s pretty much it, and it’s cannily similar to a ton of other cryptocurrency projects for which holding generates continual interest, a process known as “yield farming.” With SafeMoon, however, a lot of money has to pour into the cryptocurrency for it to produce any benefit for its holders, as well as anybody who wants to eventually cash out their holdings when the potential gains surpass the loss from the sale tax.
7. What is undeniably brilliant about SafeMoon is that it couches the promise of wild gains in language which is at once high concept and transparently superficial. The stated purpose of the token is to “yield farm,” to “lock in value,” to develop circular “educational” content, all of which serves to produce a perpetual motion machine of holding, selling, taxing and rewarding that forms its own kind of pointless ecosystem, shuttered away on some speculative moonbase, entirely self-contained in the cold vacuum of crypto space, one small step for profiteers and a pratfall for mankind.
8. In conclusion the vibrant community coupled with celebrity support and mainstream appeal as well as alot of negative press makes a perfect situation for this coin to fly.
What to buy that is the question overall. I only have $500 to throw in. If you were me what would you recommend investing in? I’m trying to buy the rumor sell the news with ADA but VET is only $0.14 right now so I’m trying to figure out where to put my money. What could be a potential quick gain? Don’t be too hard on me I’m new. Thank you 🙏
Edit: so many suggestions thank you to everyone for your time. this girl is trying to learn about crypto 💜
Bitcoins’ supply has a hard limit of 21 million coins.
The creation of new Bitcoins is unlikely after the year 2140.
Since its inception in 2009, the value of Bitcoins has grown a million-fold over a decade.
The rarer an item is, the higher its value. Rising demand in the face of limited supply makes for sky high prices. And, there’s only so much of the oldest cryptocurrency in the world, Bitcoin, to go around.
The blockchain-based solution was pitched as a possible store of value by the elusive Satoshi Nakamoto, whose real life identity remains a mystery and who has since disappeared never to be heard from again.
The source code he wrote comes with a unique condition — a hard limit on the number of Bitcoin that can ever be produced. Which means, in the face of rising popularity, the price of cryptocurrency will surge as more people buy into the concept.
Simply put, this limited supply and increasing usage have driven up the value of Bitcoin. By comparison, currency supplied by central governments does not have hard limits, and governments are free to print any number of dollars or rupees they need, provided they do not mind the resulting inflation.
The hard limit of Bitcoin’s supply is set at 21 million coins. Out of this, 18.77 million have already been ‘mined’. That means, 83% of all the Bitcoin that will ever come into existence have
y been brought into circulation within 12 years of its creation.
By the early 2030s — a mere decade later — nearly 97% of Bitcoin is expected to be unearthed. The remaining 3% will come into existence over the following century — until 2140.
Why is Bitcoin supply limited?
The supply of newly mined Bitcoin is kept constant by its algorithm, even if the number of miners changes over time.
Only one block — yielding 6.25 Bitcoin as of August 2021 — is created every ten minutes. On average, the blocks created will keep ‘halving’ every four years, until eventually only 0.000000001 Bitcoin are awarded per block ‘mined’ by the year 2140.
Transactions are expected to continue holding up its value, but no new Bitcoin will be created after that. Meanwhile, the year 2140 — 119 years in the future — is further away than the expected life span of most people alive today.
How has this limited supply had an effect on Bitcoin?
Economists are still studying the effects of Bitcoin’s limited supply, and whether it would have the same failings as the ‘ gold standard’. However, we can discuss observations as a lay-person and view a slice of its early years.
2009 – Mining each block yielded 50 Bitcoin, a vast sum in today’s terms. Many of the earliest Bitcoin wallets are lost to time and indifference, as Bitcoin was just one of many cryptocurrency experiments of the time. The first known cryptocurrencies are DigiCash and HashCash, they weren’t as decentralized as Bitcoin, with both appearing and losing steam quickly in
2010 – An American programmer traded 10,000 Bitcoin for two Papa John’s pizzas, an indicator of how far value has climbed.
2012 – The first ‘halving’, where each block mined yielded only 25 Bitcoins. The implied reduction in supply drove a large increase in value, taking one Bitcoin to $200 by the end of 2013.
2016 – The second halving, where each block mined yielded 12.5 Bitcoins.
2020 – The third halving, each block mined yielded 6.25 Bitcoins. By this time, one Bitcoin was valued at close to $10,000 and would climb to four times that in a year.
As Bitcoin got ‘harder’ to mine, the existing supply of coins rose in value. Today, at an outlet that accepts Bitcoin, a pizza can be bought for 0.00027 Bitcoin — and 10,000 Bitcoins would buy 37 million pizzas.
The role played by Bitcoin HODL enthusiasts
While the rest of the world trades it and a select few manage to buy real goods and services using Bitcoin, the Bitcoin ‘HODL’ enthusiasts may affect its supply the most.
When a sizable portion of Bitcoin remains in wallets for the long term, there are fewer Bitcoins to go around. As a result, more money on crypto exchanges chases fewer available Bitcoins, keeping its value up.
When these large Bitcoin holders — colloquially known as whales in contrast to the ‘small fish’ in the market — add to their hoard or sell a part of their holdings for cash, the value of Bitcoin may change significantly.
The future of a supply-limited Bitcoin
Bitcoin has a hard limit of 21 million coins, of which 18.77 million have already been ‘mined’. For perspective, 83% of all the Bitcoin that will ever exist has already been supplied in just 12 years since its inception. By the early 2030s 97% of Bitcoin would already exist, while the last 3% will come into existence across 110 years until 2140.
If the supply stagnation keeps increasing Bitcoin’s value for a hundred years then, imagine a fun thought experiment – a house worth one Bitcoin today, would be worth half a Bitcoin in ten years, worth one-tenth of a Bitcoin in thirty years, worth 0.05 Bitcoin in forty years and so on. Such a system would not work in the same way we expect with rupees and dollars, which explains both the excitement and worries of what Bitcoin in its current state could do to our economic system.
Can this hard limit be changed?
In theory, the developers of Bitcoin could change how Bitcoin operates and increase the hard limit. That would need the majority of Bitcoin participants to agree – and that would decrease the value of the Bitcoin they hold, so why would they agree to such a change? This explains why such a change isn’t expected to happen anytime soon.
Bitcoin – more of an asset than a currency?
Considering this hard limit brings up an interesting possibility. The absolute supply limit is more of a callback to real estate, than to commodities, equity or gold.
For anyone considering large investments into Bitcoin, note that all asset prices fluctuate, and even an asset ‘as safe as houses’ wasn’t good enough in the recession of 2009.
As a reminder, investment experts discourage ‘YOLO’-ing on a single asset and recommend diversification for safety.