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where you live is very uncomfortable, fortunately in my country the freedom to buy crypto is still allowed, but if they force you or someone else to buy MSTR and it will become your bitcoin, maybe it is taxed or whatever that makes them allow you to buy bitcoin but via mstr.
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will bitcoin reach 50k before this year ends, or will bitcoin only reach 44k, and after that it will fall again until the halving arrives.
no one knows and let's just watch the show.
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To me, there is nothing new to this, and this has never been different from what we used to exuberance with the market because at some point in the past, bitcoin has always been showing similar price movement and we shouldn't try to ascribe this one to any event or anticipated bull run, this is just a normal market recovery movement and just for a short term, to allow those that got in at around 20 or below to be able to cash in the profit in the short term.
Unless for long-term Bitcoin holders who may not look at the directions of the market at its present level, and also giving the expression we are in for a long-term market recovery up until the next price break out that we can call a bull market.
but at least people feel happy because of this, especially for those who are still negative and seeing this market recovery, like getting a surprise, maybe they have been waiting for a long time,so let everyone rejoice because of this. |
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If you look at the current price of 41/42k then the profit you can get is 10%, maybe not that high but if you use a lot of capital then the profit will be more pronounced.
but it does not rule out the possibility that bitcoin will close even higher.
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To be honest, I'm surprised that BTC can reach 40k. It seems that BTC will soon go down because it has been rising continuously for the past 2 months.
but if btc will continue to rise, is this not called a bull trap anymore??
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A lot of exchanges' policies on handling finance seem to have stemmed from a very simplistic idea that funds you invested in crypto must've come from a bank account or touched a local account (perhaps making it safer for them to comply with regulations).
I don't think the only option they should be giving you is to prove your source of funds with a bank account if you can use other sources or have historic transactions that backup your activity (although why you'd need to do this at all instead of just proving your identity doesn't really make sense).
Edit: if you can make theoney elsewhere and deposit it into your bank to match what you have on the exchange (or be higher) then that might work to unfreeze your coins (you could use somewhere like Coinbase who won't ask for bank statements afaik but you may want to research in advance).
I don't know about FTX's KYC policy, but I also experienced losses from FTX. maybe each exchange has its own rules but since this is a big deal so they ask for extra data to ensure that it is the original owner. |
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Take my sincere suggestion and stay away from these Terra related coins it will just kill your piece of mind and push you to anxiety if you are not actively monitoring and trading because it's been three days I have entered into it for some quick profits and indeed I have got good returns but being a tenured trader I find it difficult to control emotions and the price fluctuations are really difficult to manage, it's a clear manipulation by the whales to end up dumping everything in the market with big shorting. If you want you may try one time trade for some quick profit but at per high risk potential. Don't indulge into it.
it applies to people who want to make quick profits. because every year or every month there will continue to be pump and dump schemes like that and people are still interested in it. meaning people consciously follow it, so they know the risks. |
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Now it's not a problem if you want to buy little by little accumulated every month so you can get a variety of prices.
because it is impossible for the market to continue to rise without a correction.
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well, if you bought at the time of writing this post, you would have made a big profit, especially if you bought Solana, but maybe at that time people would still be worried that the price might fall even further.
Currently, my prediction is that crypto will rise this December, so you still have a chance before the halving occurs.
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You can try new altcoins listed on Binance in this bear market, such as arb, op, edu, and several others.
maybe when the bull market arrives the coin will rise higher than other altcoins.
and don't forget ETH.
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that's why people also invest in altcoins because they expect profits from joining at the beginning.
btc is already too high to get a profit of 10x or more.
while for new altcoins, it is still achievable.
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As far as I know, when looking for airdrops and bounties, I rarely and almost never find them on the Cosmos network, I don't know whether the ecosystem there is bad or unpopular, or there are other obstacles that make new projects reluctant to use the Cosmos network.
But what we see is that Cosmos appears to continue to develop, although there is little information about airdrops, unlike the Solana and Ethereum ecosystems.
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How can you possibly know the right time, we can only speculate and see from the data and current circumstances. If indeed your friend suggests that, why don't you try to follow him and wait for the dump that he said to arrive.  |
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I think the team took so long to distribute tokens to airdroppers, they delayed because they were afraid of the price going down.
because there are so many who get airdrops, but they should stick to what they say, if it's like this the project is irresponsible to the community.
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2024/25 will be my first bull run and I have been patiently buying and holding for over a year now.
Just wondering for those who were in the last bull run what it was like and how fast prices pump during the peak bull times?
Any advice on how to prepare when it comes to being ready to take profit?
depending on the type of coin you hold, for example if you buy bitcoin at 30k and it is at 69k you can expect a profit of 1.1-2x because bitcoin will not easily rise higher than that because the market capitalization is already large. while for altcoins you can determine the price 2-10x from the previous year, depending on how big the market cap is. |
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in my opinion after the halving bitcoin will rise slowly and try to reach a new ATH, my estimate is that it will take several months to reach it.
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there are many who cannot master and many who can master too.
In fact, we only need to look at the performance of the project, whether many people are looking at it or not.
so you can compare with other projects.
an active and numerous community is one of the references.
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I think some exchanges implement it like that to make it easier, but sometimes the fees are still according to the rates of the network.
I think for cheaper it is better to use bep20,tron,solana.matic.
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luna coin, usdt, lunc, now it's just a pump dump scheme to make a profit, so if you buy and have made a profit get out immediately, because it won't last long, and that's right, the increase starts from a price of 0.016$ then 2 days later rose to 0.078$, today it has fallen to 0.036$. I think in the next 2 or 3 days the price will return to base again
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My current opinion is, the market will still be sideways and there is still the possibility of a decline, until the day the halving approaches.
but if the btc position continues to rise then that possibility will become smaller.
but you can trade briefly to see the opportunity then sell when you have made a profit.
I absolutely agreed with your analysis of the market because the market is not a one way traffic there are bound to be consolidation of the price and pullbacks, many investors and price analyst are expecting the price of Bitcoin to continue with the uptrend forgetting that there are bound to be minor reversal or pullback of the price till halving of Bitcoin next year, however altcoin investors should be aware that it's better to be taking profit after the price had peaked just like what the OP said it might be Bull trap thus unexpectedly the price might dump basically the price of crypto is unpredictable once we are in profit take it and exit. and also not always holding coins long term like new altcoins can provide big profits. we know here that BTC is the safest for the long term, and several altcoins are at the top such as eth, matic, link, bnb. |
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