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The market conditions has really changed and seeing such wide movement is no longer in sight. We should pray to see bitcoin above $20,000 again instead of looking for such wide and unrealistic changes in pricing.
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I do sincerely and faithfully believe in the wonder of cryptocurrencies and ethereum has surprised us in performance before. We are at a time were the market trends are mostly in range and anything can still happen before end of the month in positive direction.
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As of now crypto is surviving this harsh period wherein we have seen Bitcoin doing better han expected and same goes with altcoins as well but where will we find ourself at the end of pandemic? If the situation worsens do you think we will get more investment from newbies who might by switching from their traditional investment to a crypto as none of the businesses are going to prosper during this situation so there are chances we will get more investment into crypto or else there are possibilities of massive cashout if crypto decline as the existing players would switch to gold atleast to keep their investment intact.
Kindly share your suggestions
Bitcoin was actually created for this time and it has performed will in the face of this covid19. I believe that since some countries has started developing vaccine very soon we would start to see improvement and recovery in cryptocurrencies market in general. |
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There is no basic reason why bitcoin should do a surprising movement now and it is moving currently on a sideways. However, the next breakout is going to be a big one. If it is going to go up it might go as higher as 12,500 and likewise if it is going to go down it might get lower to $6500.
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This is good news and I pray it resolve most of the fears the whole world is having about this covid19. The vaccine if used and we got positive results then we should expect world economy coming back to life.
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Btctalk name: okala
Btctalk URL: https:https://bitcointalk.org/index.php?action=profile;u=1108241;sa=forumProfileank: full member
Merit:111
Current post count:2558
ETH address :0x3ec541e0448D8F095F7F66670c6F8f5342d3f53c
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The whole world is now passing a crisis moment. It is expected that we are going to face another crisis very soon. Economy is already going to recession. If the world really faces another great depression, a lot of people will loss their job, business firm and industry will shut down, millions of people will stay in hungry and we may have to loss thousands of valuable life.
What should we do now? I can point out some strategies which can be followed to prepare ourselves for facing the crisis.
• Try to cut down your present cost and save a portion.
• Hold a handsome cash in hand or any savings that can be immediately convert into cash. Even if needed to make encash any long term savings, do
it.
• Don't invest in any long term project at this moment.
• Don't buy any luxurious goods for you or your family.
• Don't engage in any borrowing. You should try your best to avoid it.
• If you are salaried, concentrate to your own job seriously so that your organization don't get any scope to release you from the job temporarily or
permanently.
• And finally you should find out some of your own policies to face any serious moment.
You can share your suggestion if any for facing the crisis moment that we are expecting to occur.
I really learn from this post and this is time that we should really learn from the formal financial crisis. The world economy has gone through a lot of crisis and we should no that time like this are always there. |
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A well right up and mistake should be something we should not reject but trying to live with as a trader. The only way nature teach us on some trading secret and strategy is through what we learn after making a mistake.
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Hi guys, i am thinking to buy few DENT coins in my portfolio....From their whitepaper and website and a little bit more of a research about their project , it look like a working product related to telecom industry....But while i was researching more about this project, i came across comments who say it is a scam and team dumps the coins......So i am now confused whether i should buy it or not.... What are your views about this coin currently   ? In 2017 when dent do there ICO it seem to be one of the best ICO of it time but after dent got into the market it has been going down . I but some unit of it in 2018 and I have loose over 60%. I think is not a bad idea if you can buy now as it is far more cheaper now than during ICO. |
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July is here and bitcoin seem to keep loosing volume. The corona pandemic has really changed the equations we have before. I think and I do believe that bitcoin is not going to move very significantly this month.
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I am seeing this PayPal cryptocurrencies payment project like what we have last year on Facebook coin. It might not be actualize soon. I believe that we still have long time to go on this.
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You might be right but xrp has proving to do the opposite. It has fall to 0.17 and has lost significantly yesterday. I think we are at the time of uncertainty and both the stock and Cryptocurrency market are not doing too good this days.
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Bitcoin should trade above $180,000 after this last halving but it seems the covid19 has changed the equation. Bitcoin is not going to give more return the way it was in 2017. Bitcoin has established coronation with stocks and that has affected it volatility.
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I see the volatility and volume keeps going down and the probability that this option expires will affect bitcoin negatively is there. I see people need need more money now then holding bitcoin.
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There are several traces of newbies finding signals here and there to trade, but it is wrong. Believe me If you want to trade consistently and profitably just learn how to do it yourself no matter how difficult or how long it takes.
You can subscribe to signals if you're the type who wants to earn while you learn but long term.... Learn trading by yourself
I do sincerely agree with you but how many people are ready to spend time and learn. Most of us focus on the profits we hear some pump and dump traders are claiming and forgotten that most of the signal selling sites are out for business. |
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The market has been in a low trend this month of June and I am foreseeing a return below $9000. The low volume is a sign of downward trend and I think we should stand and watch as the trend favour sellers
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I believe that the next move is not yet in sight. Bitcoin need to establish strong support above 10k before the we would see the effect of halving like it is in 2017. The current pattern look strange to me.
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I did not see volatility now but maybe in the future. Bitcoin has been moving in side way since the halving. I do believe that the uncertainty infect of covid19 has made investors not to have interest on the market.
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Low volume in commodity and stocks is like of interest and Cryptocurrency or bitcoin is not different on this. Low volume is always sign of downward price movements and we are now moving towards swing time in the year.
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The really next move is going to be a big one. I am foreseeing a positive price movements and that in turn is going to push bitcoin above $10,000 but it might not last long there.
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