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China has a huge influence on the bitcoin market, this is proven by market history, 2018 they created a deep pit. The market is suffering from many factors, with great negative influence also from China's mining crackdown. But I think the situation would be different, they made a mistake. In the short term bitcoin price could move sideways or down to $20k but long term it's a pump, just wait I guess!
Fud news, charts and indicators are speaking for the short.
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Of course, the policies of the government are based on the needs of the majority of the population, and I think the pros and cons there are still there, but it seems that all the people there must comply with government regulations. and I think there will be many advantages which will become a reference for bitcoiners to stop by, so that the prosperity of the country will increase
because it is a regulation from the government of course all the people must follow the regulation. although later some agree or not, when the regulations are made non-binding forcibly, I don't think it will be a problem. even most think it is the best chosen by the government. Surveying is not exactly the same thing as voting or bitocracy. The government still relies on many other factors before integrating and issuing a regulation. Regulation is an essential tool to govern the country, its citizens. It depends on the position of each country, even China, North Korea, they are very resolute and almost imposing.
What are your thoughts? Do you think El Salvador will become the "Home of Bitcoin"?
Although El Salvado has succeeded in legal tendering and legitimizing bitcoin into their economy and regulation, they are still a small country, their appeal is still modest but anyway I agree with the name of the homeland after what they have done. |
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For me there will be the following reasons: - Anyone is really attracted and attracted to bitcoin. - Women are more and more modern, they do not want to be confined within the framework of female housework and housework. They, like men, have the desire and make money. - covid 19 cause their circumstances and conditions to change in terms of their time budget. |
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Although, I don't like Elon, there is no denying the positive moves in the market based on his tweets. To be fair, there are countless celebs with such fomo moves, not just him. It will continue to happen. Everything needs to be natural, although no one can be satisfied with such an outrageous way of distorting values.
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the market is in quite a worrying condition, because the bear market continues, of course this is a bad time for all altcoins, so I hope the bull market will coming back soon
I think this July will be very challenging for BTC, the current trend looks really bad as the mind of the market will be on the countdown until the Grayscale fund (GBTC) is unlocked. Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Although, meme coin has no greater utility than itself, but no one can deny, meme coin (Doge) has a really strong community, the effect is terrible. I know that it's overvalued and exaggerated fomo with Elon, but really, the coin meme community has created tremendous traction. That is the reason that Doge gradually overflowed to 100 billion market capitalization.( Mar) |
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As we all know, in the cryptocurrency market, Chinese account for a large portion. So what impact will the Chinese government's total blockade of Bitcoin have on the cryptocurrency market? The sharp drop in the price of Bitcoin is the result we have seen, so after this blow, can the price of Bitcoin return to its peak, or will it fail? What do you think? I am confused now, hope someone can answer it for me.
This scenario looks like 2018, but market conditions have changed greatly,... I believe history will not repeat itself. Bitcoin mining hashrate is increasing rapidly in recent days. It is one of the great signals to continue to be optimistic about the overthrow of Chinese influence and domination. |
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Elon Musk is representative of the natural processes of the market. Simply, He has enough power to turn the crypto space into a zoo, with Tesla being a cage. Lol, Really, when the new community realizes the lessons from Elon's tweet, they will fail again, if they want to go with Elon, because Elon is very strong  ) |
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I don't exactly know where will be the bottom for bitcoin and if the pattern from 2018 will be followed but we can always hope that we will see the pattern repeat but much bigger than the last time.
I am not an expert in analyzing markets, charts and candles. But I can understand that the strong support at $28k is once again holding its ground. That's certainly been tested at this level. And for that reason, I don't think it can break and go deeper. Although the FUDs from China are always very negatively affected but there is no chance of a repeat like 2018, Fud will end soon this week when there is a large supportive consensus. Bitcoin is not alone, not again! |
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Not true. Remember there was a period last year when altcoin and bitcoin prices were moving in opposite directions, in fact, it was the altcoins that were pumping. Coins like Ethereum, Binance coin and Polka dot doing the business
Hummm,Bitcoin value will guide the market, it is easy to spot the trend. That is the power and importance of bitcoin. It's almost like consensus, ... if there were exceptions, it would be fomo, good and short imo. That, further definition, bitcoin will forever be king. Bitcoin is strong, formatted and invincible for ultimate freedom -> the whole market goes into a bull cycle and vice versa. |
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What a pity, and thank you for your input and strong comment - John mcAfee's. He has been incredibly vocal in support of bitcoin and crypto throughout his life. Still alone in jail for 75 years old, I remember mcAfee once had a bitcoin prediction of $500k, if that happens this year. At least that was the only time his bitcoin prediction was correct.
If he really is dead. I will bow my head to pray for him! Not greatness but he is still worthy of respect.
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PROOF OF REGISTRATION
Forum Username: 777Jolami
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1315611
Telegram Username: @Jolami
Participated Campaigns: Signature
BEP-20 Wallet: 0xc9709c232839b1D1CcF37239cc4739a456f40796
---------------- Sorry Sir, remove and delete later! |
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I think we can compare Elon musk to McAfee in 2017! People listen to those they regard as successful in the world. Elon is a billionaire and his endorsement of Cryptocurrency goes a long way in people's mind. As long as Elon continue his tweets, there will be reaction to it. Those reaction may be positive or negative!
Positive or negative, he will be a smart guy who makes tons of money from his tweets. There are left countless people who will complain and lament about him. Everything has two sides, Elon is the shepherd, the other is the woodcutter. That's the irony and it creates value for Elon! Paradoxes always exist. Elon will be boycotted if he sells all his Doge! I'm pretty sure on that. Lol |
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Which coins are more promising in terms of investing now?
Many of them drop, which ones grow?
just invest in cryptocurrencies that are in the top 100 of CMC... often questions like this, everyone always recommends coins that enter the top 100, that is the wisest way not to lose. the point is don't invest in emerging crypto assets. Yeah, The current market conditions could not be worse, this trend will be an opportunity to refine the coin's number and its value. It is best to get rid of shitcoins and coins bent by fomo and tighten the reins with solid foundations, bitcoin is #1, ETH, BNB, Polygon, Dot, ADA... Doge will be challenged very big before this threshold. |
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We can adapt to not having bitcoin in this life. But I can't imagine how horrible the absence of bitcoin and blockchain would be, And the damned things of everyday life go on, injustice, Cash and banks will continue to play a role of control. control conditions and stifle "freedom". Humans will become purebred slaves with those tools!  |
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BTC will settle into a range where nothing coming out of China will effect it with the exception of to the upside, it will just trade as though China doesn't exist.
My guess is 31k to 35k range trading
China has never been the cradle for a bitcoin-friendly launchpad. It's time to forget the things that are still there. I don't see any positive transition from China, it's all just slaps and bloodbaths. Bitcoin will still come back, I think the market sentiment is being broken and bewitched by illusion - Fud by Fud. It must end before the next bull run is directed. Bulls regroup to try for dominance. |
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I also think Elon has already did that. He cannot be holding at least a billion USD worth of Bitcoin while at the same time criticizing it. That is a suicide for him. He must have already sold a lot or all of it before starting to issue statements against Bitcoin. But it is his decision. He is the owner of his Bitcoin. He is absolutely free to do so.
I think Elon is behaving more childish than an average crypto trader.
He is playing us, there's still no confirmation that he has sold his coin but your logic is correct you cannot create a FUD on what you've invested, it's the fastest way to lose your profit, we can read on his succeeding tweet if he still has those Bitcoin, we must read between the lines and we should be ready for any consequences I just hope those who follow him will realize he is disrupting the market. Thats how Elon works before and now he continue it on crypto so don't expect that he will really adopt bitcoin for good since he only want to manipulate to gain nothing else more from that. He's just doing a business here and for sure he doesn't care about bitcoin much he only cares counting his profits from bitcoin and crypto. Obviously the Man is hypocrite and not to be trusted at any cost. he will only seek for His benefits and never for others that entrusted him their investments. No wonder that in the following days he will announced about hating Dogecoin also. Elon has self-confirmed selling all of his bitcoins, and that will also come from Tesla. His interests are in place, and he binds the community with this stupid, unbelievable vandal. Then He will sell all Doge and continue to deny its role as it was with bitcoin with a cheap excuse. Lol |
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It's hard to predict which out of thousands of alts will go up, but what you can predict is that once a coin went up, it's bound to go down. Like, take the best performing coin right now, Dogecoin, there's absolutely no justification for its price, it has no adoption or promising features, it's pure hype. It's bound to go down, so if you carefully short it with small leverage, you're going to make profit. Obviously, the danger is in the known trading wisdom - "the market can stay irrational longer than you can remain solvent", but still the fact that pumped coins will go down is something that you can rely on.
Honestly, I don't understand why people flock to buy the Dogecoin, a meme coin with no trends, no utility. As it has been exaggerated in the community, including celebrities. They make money and they understand, but others don't. It is this that has caused great damage to the market, that even those people will be left out, inexcusable! Thousands of alts, but it includes tons of shitcoins. It will destroy you if many people do not realize. Or they are just puppets, blind. |
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