{"id":540165,"date":"2024-06-25T16:30:15","date_gmt":"2024-06-25T16:30:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=540165"},"modified":"2024-06-25T20:06:25","modified_gmt":"2024-06-25T20:06:25","slug":"bitcoin-slump-learn-to-earn-crypto-99bitcoins-may-be-the-best-buy-during-this-dip","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-slump-learn-to-earn-crypto-99bitcoins-may-be-the-best-buy-during-this-dip","title":{"rendered":"As Bitcoin Tumbles, Learn-To-Earn Crypto 99Bitcoins Might Be The Best Buy During The Dip"},"content":{"rendered":"
The crypto learning platform 99Bitcoins($99BTC)<\/a> has advanced to the next stage of its highly anticipated presale.<\/p>\r\n\r\n\r\n\r\n With a user base exceeding 700,000 and over 2 million registered course takers, 99Bitcoins is an authority in the crypto education space.<\/p>\r\n\r\n\r\n\r\n Its prominence in the industry has helped it raise over $2.2 million in its presale – a significant milestone as it introduces its innovative Learn-to-Earn (L2E) model, rewarding users for mastering the fundamentals of crypto.<\/p>\r\n\r\n\r\n\r\n At the core of its new rewards system lies $99BTC, an Ethereum-based token crucial for unlocking exclusive access to advanced crypto education content, market signals, VIP groups, and more.<\/p>\r\n\r\n\r\n\r\n The token is currently available at its presale price of $0.00111 per $99BTC and will increase to $0.00112 in less than seven days as it moves on again to the next presale phase.<\/p>\r\n\r\n\r\n\r\n Potential investors must act quickly to secure their tokens. 99Bitcoins is one of the most talked-about presales of 2024, and its token value is expected to soar upon its planned launch on decentralized exchanges (DEXs) in Q3.<\/p>\r\n\r\n\r\n\r\n After a solid first three months in 2024, the second quarter has not been too kind to Bitcoin ($BTC). Since its peak in March, it has shed off 17% of its value, with nearly a 10% decline occurring in June alone.<\/p>\r\n\r\n\r\n\r\n Several factors have contributed to this selling pressure.<\/p>\r\n\r\n\r\n\r\n For instance, Germany has begun selling its seized 50,000 BTC supply from the operators of Movie2k, which is now valued at over $3 billion at current prices.<\/p>\r\n\r\n\r\n\r\n Another significant development is Mt. Gox’s June 24 announcement regarding the repayment of over $9.4 billion worth of Bitcoin to approximately 127,000 creditors, who have waited over a decade to recover their funds. This could further intensify selling pressure.<\/p>\r\n\r\n\r\n\r\n On the regulatory front, concerns arise as the CFTC monitors Jump Trading, accused of conspiring with Terra founder Do Kwon to manipulate Terra’s UST price – a controversial issue reminiscent of events that catalyzed the 2022 crypto winter.<\/p>\r\n\r\n\r\n\r\n Additionally, there’s apprehension about potential Fed interest rate hikes, which could raise borrowing costs and impact investments in the crypto sector.<\/p>\r\n\r\n\r\n\r\n Nevertheless, amidst Bitcoin’s recent decline, there are reasons to be optimistic. The renewed 2024 crypto enthusiasm has drawn in more users, which is a good sign, as evidenced by a notable increase in wallet addresses<\/a>, reaching nearly $1.3 billion by the end of May.<\/p>\r\n\r\n\r\n\r\n But with this correction, there’s now an even greater incentive for new users to enter the market and invest while Bitcoin is trading at a discounted price.<\/p>\r\n\r\n\r\n\r\n However, before diving in, new investors should gain a solid understanding of cryptocurrencies, especially considering the aforementioned factors. <\/p>\r\n\r\n\r\n\r\n This is where 99Bitcoins excels and serves as an invaluable resource coming to the aid of new investors.<\/p>\r\n\r\n\r\n\r\n The amount lost in the Mt. Gox hack was staggering: 744,408 bitcoins belonging to Mt. Gox customers, plus 100,000 bitcoins belonging to the company.<\/p>\r\n\r\n\r\n\r\n It is believed that the stolen bitcoins were taken from the exchange’s hot wallet, which included all funds stored in cold storage due to a ‘leak’ in the hot wallet.<\/p>\r\n\r\n\r\n\r\n This serves as a valuable lesson for new investors on the risks of storing crypto assets online. <\/p>\r\n\r\n\r\n\r\n Storing Bitcoin in a cold wallet would have mitigated these risks, sparing holders from the decade-long wait Mt. Gox investors had to endure before they could recover their funds.<\/p>\r\n\r\n\r\n\r\nBitcoin Falls, More Users Join – A Perfect Opportunity For 99Bitcoins To Shine?<\/h2>\r\n\r\n\r\n\r\n
<\/figure>\r\n\r\n\r\n\r\n
Increased Investor Education Via 99Bitcoins Prevents A Mt. Gox Repeat<\/h2>\r\n\r\n\r\n\r\n