Date Archives January 2024

Breaking the Silence: What You Should Know About Profits Withdrawal from AlgosOne!

My Trading Journey Technology

I know you’ve been waiting for it. Here’s a quick update on my AlgosOne account situation and my experience with the first withdrawal trial. Just to remind you, I’ve recently started using a new AI trading platform and documenting my entire journey here.

Let’s begin with an overview of the trading results. Since my last update, the crypto market has been quite volatile, with BTC prices jumping between 39K and 47K USD in a short period following the ETF approval. My AI friend and I did not manage to make significant profits or incur substantial losses during this period. The balance is growing slowly, and I’ve reached 187 USD in my checking account. If we include the 100 USD I reinvested from profits into the trading balance, we’ll have a total of 287 USD in profits from 99 successful and 71 unsuccessful trades in my account.

As I mentioned earlier in my posts, when it comes to trading platforms, all the benefits do not make any sense if there are any withdrawal problems. That’s why, before recommending AlgosOne to others or investing a substantial amount, I decided to check the withdrawal process myself. This has been my original strategy since the beginning, and now I have generated enough to try the withdrawal system.

To move my first profits out of the platform, I clicked on “Balance” and chose a checking account. From the options of reinvesting, buying shares, and withdrawing, I selected the last one and filled out the request form. It is important to mention that, even though you can deposit using different cryptocurrencies or even a bank transfer, withdrawals are only available in USDT on the ERC-20 network. It’s not a problem for me, to be honest, but I hope AlgosOne will improve it for a better user experience.

I decided to put in a request for $150 (minus a $10 fee), and after around 40 minutes, I received 140 USDT in my wallet. I would say I’m satisfied with the way this system works and look forward to continuing my AI trading journey.

SEC Drops Bombshell: Bitcoin ETFs Approved – What’s Next?

Reviews Technology

Hi everyone! The U.S. Securities and Exchange Commission (SEC) has finally approved bitcoin exchange-traded funds (ETFs). Huge news for the cryptocurrency community! With big companies like BlackRock, Ark Investments, Fidelity, Invesco, and VanEck receiving official approval, well it’s a significant shift. Although there have been some worries expressed regarding potential risks, the SEC’s decision is being heralded as a significant turning point for Bitcoin and the entire cryptocurrency community.

Institutionalizing Bitcoin as an Asset Class:

In the process of making bitcoin an asset class, this authorization is significant. A whiz at Rosenblatt Securities, Andrew Bond, called it a “huge positive” for attracting large investors. Talk about a game-changer for the cryptocurrency market: according to Standard Chartered analysts, these ETFs may draw between $50 billion and $100 billion in 2024 alone!

Market Impact and Potential Inflows:

The entry of bitcoin into the ETF market is anticipated to generate a large amount of revenue, as bitcoin’s market capitalization surpassed $913 billion at the time of approval. Analysts’ projections range from $55 billion over the following five years to an astounding $100 billion only this year. It might completely change the crypto scene by providing stability and credibility, much like a cash infusion in the fiat market.

Advertising Blitz and Market Competition:

Hold on to your hats—we’re in for a wild ride of online ads and marketing efforts, as these companies are well-prepared  for the launch of their ETFs. Already, Bitwise and VanEck are shouting from the rooftops that bitcoin is the upcoming big thing. A pricing battle is also underway, with issuers such as Bitwise, ARK, and Invesco providing no fees for the first half of a year. Kind of a new big fight for your cryptocurrency focus!

Fees and Fee Wars:

Competitive fees are expected to benefit bitcoin investors, and issuers are already modifying their pricing strategies to obtain a competitive advantage. For instance, Cathie Wood’s ARK Invest originally said that there would be a 0.8% charge, but ultimately chose to waive it for the first six months. Other issuers in the growing ETF sector, including Grayscale, have different fee structures; theirs is 1.5%.

Tracking and Premium Concerns:

Let’s get real now. What’s next, and how will it influence the BTC price in the long term? It looks like a wait-and-see situation, according to some analysts, because the bitcoin spot market isn’t as developed as the futures market. Furthermore, it remains to be seen if the trading price of these ETFs will be higher or lower than their net asset value. It’s difficult stuff, similar to attempting to predict the stock market. But let’s hope for the best. 

Conclusion:

So fasten your seatbelt! The SEC`s approval of bitcoin ETFs is, I would say, a revolution for the cryptocurrency and finance industry. We can expect huge growth in the long term and broader acceptance of bitcoin as large investors get greater access to it. For the most part, the crypto community is experiencing an exciting moment, but there are still some unanswered issues around monitoring and possible premiums or discounts. Anyway, cheers to these exchange-traded funds’ influence on the dynamic realm of digital assets!

The Good, The Bad, and The AI: How AlgosOne Surprised Me This Week!

Comparison My Trading Journey Technology

Hey everyone, it’s time for a quick update on my AlgosOne account. I’ll keep it brief this time since there haven’t been many changes. I want to keep you informed and share my plans for the future.

I can now sense the impact of my last reinvestment step on my trading experience. Although the additional 100 USD in my trading balance didn’t bring about significant changes, I’ve noticed a gradual increase in small profits. This week, I achieved a few milestones in my account. On the positive side, the AI successfully closed six highly profitable trades in a row, a first for me on this platform. Overall profit is about + 120 USD. However, on the downside, I experienced my largest loss ever on AlgosOne – a single trade resulted in a loss of -31.91 USD. Fortunately, the profitable trades offset that loss, leaving me with an overall positive result. It’s a reminder that AI is not a magic tool, but I remain hopeful that this kid will continue learning and improving its success rate.

As usual, I’m sharing my dashboard. The trading balance remains at the same level, as I’m currently not depositing or reinvesting profits. In my checking account, I have 141 USD. I’m considering testing profits withdrawal but will wait until there’s more in my checking account. AlgosOne charges a 0.75% fee (minimum 10 USD) for withdrawals, so I prefer to wait a bit longer. Let’s hope the AI continues to grow my account, and I’ll be able to successfully withdraw my profits. Stay tuned, and I’ll keep you updated.

2024 Bitcoin Outlook: The ETF Buzz and Halving Hype for $100K

My Trading Journey Technology

Let’s talk about our old well-known friend Bitcoin. Yes, it’s the most popular crypto in the world but there is still much to talk about and expect from it. Bitcoin showed an incredible recovery in 2023, with an impressive 160% gain just after a kind of a rough time in 2022 (a 65% drop). So the biggest crypto question ever is on the table again: whether BTC is going to hit that magical $100,000 level by the end of 2024. Is there any chance this  $100,000 dream will become real this year?

Handling the Rollercoaster: Caution on the Ride

Looks like Bitcoin winning back the hearts of investors now after a great job has been done in 2023. But, and there’s always a “but” with Bitcoin, right? Let’s not forget the volatile nature of this crypto. Its price can swing like crazy, which might make some folks – especially those closer to retirement – a bit nervous. So, if you’re thinking of buying as much as possible BTC and holding it till it reaches 100K be ready to stay calm and patient. 

What’s the Buzz for 2024?

In the beginning of 2024 the vibe is shifting towards optimism for this year. For example, Pascal Gauthier, the big shot over at Ledger, is feeling pretty hopeful about a bullish run in the years to come. Positive vibes, right? But, of course, there are challenges on the horizon.

The Good Stuff: ETF Approval and Bitcoin Halving:

First up, the community’s buzzing about the potential approval of a Bitcoin exchange-traded fund (ETF). Imagine the doors that could open for big traditional investors – that’s what’s got everyone excited.

And then, there’s the Bitcoin halving scheduled for May 2024. It’s like the cryptocurrency’s version of a party every four years. Miners get fewer rewards, but that keeps the total supply capped at 21 million coins. And get this – history says these halving events often trigger new Bitcoin rallies.

Vijay Ayyar, the VP of International Markets at CoinDCX, thinks a post-halving bullish run, combined with a possible ETF approval, could send Bitcoin’s price skyrocketing. He even suggests we might see the fireworks before the halving, leaving a bunch of investors waiting on the sidelines.

In a Nutshell:

While hitting $100,000 still isn’t a sure thing, the positive vibe around potential ETF approval and the upcoming halving event is keeping the crypto community optimistic. Anyway I believe there will be at least a few big waves on the market this year. And even if BTC will not reach 100K just make sure you take an advantage in any case. 

My AlgosOne Update: Account Journey, Profits, and Withdrawal Strategy!

My Trading Journey Reviews

It’s time for a quick update on the situation in my AlgosOne account. I’m sure you’ll be interested in taking a look at my results and user experience, given the hype surrounding this platform. Many trading enthusiasts are currently contemplating their first investment in this AI technology and trying to understand if it can be trusted.

Let me get straight to my balance. Not long ago, I reinvested 100 USD from my checking account (where all your trading profits are stored) into the main account. After all, the more money there, the more resources the AI platform can use for trading. Unfortunately, this step wasn’t enough to increase my account tier, but at this stage, I’m willing to wait and not dive headfirst into this project. So, in my main account, I now have 3,113 USD. Trading results brought me a little profit, so in the checking account, I currently have 83 USD.

As for trading, this week I relied more on AUTO trades and hardly confirmed 1CLICK, despite receiving regular notifications on Telegram. During the Christmas period, I didn’t have much free time, so I’m pleasantly surprised by the positive result despite my minimal involvement. As you can see, my activity on the platform recently left a lot to be desired.

For those already using AlgosOne, I can share a very profitable and convenient feature that I discovered not long ago. It turns out you can select a 12-hour time window in which you’ll receive all your 1CLICK trades. It is easy to find by clicking My Account and  Signals Scheduler then. I admit, I like to sleep at night, so without hesitation, I set this restriction for myself. I don’t think it will significantly affect the profitability of my account, but I won’t make any claims – decide for yourself.

It’s been almost a month since I decided to try AlgosOne, and in terms of usability, customer experience, and, most importantly, profitability, I am more than satisfied. But all of this is meaningless if the platform has problems with fund withdrawals. So, my strategy for the near future will not include reinvesting profits or making new investments. I’ll try to accumulate a more substantial profit on the checking account and withdraw it from the platform. I will definitely show the entire process, as this is one of the key questions that many are interested in. Stay tuned!