Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Nigeria Crypto Scam Bust: Nigeria’s EFCC arrested 792 individuals in a Dec. 10 raid targeting a crypto romance scam operation.

2. LastPass Hacked: Hackers stole $5.36M from 40 victims in Dec., continuing a series of breaches since 2022. Stolen crypto funds were converted to Ether.

3. 📈Technical Analysis Masterclass - Are you a beginner and want to start trading Bitcoin today? Watch UseTheBitcoin’s latest Youtube video “How I would Invest $3000, If I Started Trading Bitcoin Today” to see if Dollar-Cost Averaging (DCA) is a strategy for you or join our Official Telegram Channel for more alpha!

4. 💡Feature of the Day - MicroStrategy Adds More Bitcoin: MicroStrategy purchased 15,350 BTC for $1.5B, bringing total holdings to 439,000 BTC.

   
   All this and more in today’s headlines!

📰 News Highlights:

Nigeria Crypto Scam Raid [Source][Source][Source][Source]

Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), arrested 792 people in Lagos on Dec. 10 in connection with a crypto romance scam operation.

The suspects included 148 Chinese, 40 Filipinos, two Kazakhs, one Pakistani, and one Indonesian.

EFCC Executive Chairman Ola Olukoyede said the bust followed a tip-off and targeted a hub where Nigerian accomplices were reportedly recruited by foreign ringleaders to lure victims online, mostly from North America and Europe, through phishing and fake investment schemes.

These scams, known as "pig butchering," involved social media manipulation to seduce or pressure victims into transferring funds.

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LastPass Hacked [Source][Source][Source][Source]

Notorious LastPass hackers stole $5.36 million from 40 victims just days before Christmas, adding to an ongoing series of breaches since December 2022.

Blockchain sleuth ZachXBT reported that the stolen funds were converted into Ether and moved through instant exchanges.

Security Alliance (SEAL) and other experts urged LastPass users to transfer funds immediately if their private keys or seed phrases were stored on the platform before 2023.

 📈Technical Analysis Masterclass:

How I would Invest $3000, If I Started Trading Bitcoin Today

Investment Breakdown

The $3,000 capital is divided into three $1,000 portions to invest at key price levels:

• First Entry: $106,000
  Invest $1,000 at the current market price to join the trend immediately.

• Second Entry: $100,000
  Place $1,000 at the 20-day moving average (a key support level).

• Third Entry: $90,000
  Invest $1,000 at the 50-day moving average for value during significant pullbacks.

This staggered approach balances risk and reward, avoiding the mistake of going all-in at a single price point.

Risk Management

Stop-loss orders protect capital by automatically closing trades if the market moves against you:

• First Entry ($106,000): Stop-loss at $98,000 (loss: ~$75).

• Second Entry ($100,000): Stop-loss at $88,000 (loss: ~$120).

• Third Entry ($90,000): Stop-loss at $80,000 (loss: ~$111).

If all stop-losses are triggered, the total loss is ~$306 (just over 10% of the capital), keeping risks controlled.

Potential Profits

Here’s the expected outcome if Bitcoin’s price rises:

• First Entry ($106,000): Exit at $110,000 → Profit: $37

• Second Entry ($100,000): Exit at $115,000 → Profit: $150

• Third Entry ($90,000): Exit at $120,000 → Profit: $333

Total Gross Profit: $520
Net Profit (after fees): ~$505

This strategy offers a risk-reward ratio of 1.6:1, a disciplined way to trade in a volatile market.

💡 Feature of the Day: 

MicroStrategy Buys More Bitcoin Again [Source][Source][Source][Source]

MicroStrategy added 15,350 Bitcoin worth $1.5 billion to its reserves between Dec. 9 and Dec. 15, bringing its total holdings to 439,000 BTC.

The latest purchase, made at an average price of $100,386 per BTC, aligns with the company’s strategy of aggressive Bitcoin accumulation.

CEO Michael Saylor previously expressed plans to continue buying Bitcoin even at significantly higher prices.

The company has spent $27.1 billion to date on its Bitcoin acquisitions.

Today’s Sponsor:

This week we have partnered with Gemini.

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Over $200 billion USD in volume traded.

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😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com