But lets not be too complesant about the bitcoin's recovery. What i mean is that they are definitely more unexpected sideways that gonna happen in the market. But as long as you have a good management plan when trading bitcoin, the situation will be under your control even that recovery market doesnt go well.
Anyway, it is not always the dip. The market tends to balance the momentum by allowing the bull now.
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Who did an exit strategy before the worst dip?
I did not. And it wont makes me worry that much as Ive seen this market situation before. And what makes me confident about crypto volatility is that it tends to recover after few months and will go bullish again. If youre a long term holder and you have experienced many dips before, this wont affect your belief of acquiring profits.
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Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!
Im going to hold on this prediction . As I can see bitcoin was up to $38k above right now. If it will continue to be strong and can break in again that $40k then it will be easy for it to go bounce back at $50k. Even altcoins who suffered a lot last week seems to recover together with bitcoin. Well, eventually those who bought much bitcoin lately was the reason for this pump.
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While others are seeing this bloody market as a loss, why dont we take this opportunity to accumulate more coins? Elon Musk definitely manipulated the priçe, but he is not the only whale that can do the price movements. We can still see it in an optimistic way.
Also, we all have a choice to hold. Why so upset? Its not new in crypto world.
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It actually doesnt matter now who is Satoshi. The thing here is that the real Satoshi already achieved what he wanted to achieve with bitcoin. Being recognized as payment transactions and being use with its blockchain purposes.
And Elon actually far different from the real Satoshi. Though this dump happens after taking back his support with bitcoin followed by China's banned. But have we seen so much like this before? And yet this is not new and we've seen this dip but we have manage to handle our holdings until it will gonna boom again.
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Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profileCurrent amount of posts (including this one):3560 EARNED merit in the last 120 days: 5 (lack) SegWit (preferably bech32) BTC Address for Payouts: bc1q7ne0me76t9gmrdhcsjdw4tnlz2dec64xr22n03
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Depends on what type trader you are, if you are a daily trader, since the price movements are unpredictable. I always rely on different tools like technical analysis , fundamental and of course with how those trading volume reacts at the moment.
The btc price dumps so much that you have to read carefully the indicators you are using before having an entry whether to sell it or have a buy positions.
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There are too many negative statements now, from India, Elon musk, and some other news still pointing to bearishness, I don't know for sure, has bearish taken over bullish? bitcoin can go back to as level at $ 50k.
But it will be counterpart by some good news soon so these dip @ 30k usd is a good opportunity to accumulatd more bitcoin. Weve seen the recent ATH reached and we would rather buy at this price and to wait for that another boom soon. But then again, the market is suffering and so does the long term holders. As we all know these is how cryptocurrency works. Dip market means a good time to buy more coins.
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That is why bitcoin continuously drop. Now I figured out the reason why and China's announcement one of the greatest influence of this massive dump. But then again, it will not always the bear market to stay lasts, as long as there are good news that awaits then the bull will gonna beat the bear soon.
This isnt new in cryptocurrency, though the dump is so big and others isnt expecting this but those long term holder like me can still wait until it recovers and goes back to $60k again. Who knows? If China will reconsider and lift this ban in the right time or another country will accept bitcoin's financial payment, it will be a boom for bitcoin again.
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Thank you so much Bustadice for a great opportunity you have given us Also thanks to Devans and Yahoo . Such a priviledge and pleasure to be a part of this campaign for a long time. It was such an amazing journey and a memorable experience personally for me as I excel myself during my stay in this campaign.
Wish you the best. Cheers 🤳
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Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profileCurrent amount of posts (including this one):3555 SegWit (preferably bech32) BTC Address for Payouts: bc1q7ne0me76t9gmrdhcsjdw4tnlz2dec64xr22n03 EARNED merit in the last 120 days: 5
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Its not only that f*ckelon that Ive been seeing in some exchange, there is also dogelon that already been purchasing by those investors now. Since Elon Musk has a great influence with the cryptocurrency, those who create coin that is related to him thinks it will gonna be popular too like dogecoin.
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I saw this in stake chat awhile ago, probably a third party slot provider did not pay and sadly that slot doesnt exist and being removed by stake now.
The guy showed the bet id he won on that game with 12 btc but then there are TOS about the third party slots from the site. The thing here is that, he played on stake and the reputation if not settled by the partner slot provider can cause some issues and vague accusations but then of the guy play in stake original games like dice , plinko like the one bitcoinerz( a guy who won more than 50 btc in stake) did then stake has no hesitant to procceed the withdrawal like the guy did.
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Fiat money vs bitcoin as ceyptocurrency has both advantage. When it comes to convenient way of sending transactions, no hassle or np third party involved then bitcoin as payment is good to use. But then not all have an internet connection, thus fiat money is an advantage as you wont be in need of any mobile phone and net.
Also, since cryptocurrency is an alternative payment method today, it can also be used as a store of value which can be use as a long term investment.
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Everything is possible in crypto space. I remember dogecoin cost cents and then half dollar to almost $1 dollar before. And ethereum from $300 to almost $4k now. It just means ADA can also perform like other coins did. It is a matter of a good project development and update. Good crypto use that can be promoted by a certain famous influencer, too. Or a particular big company that will support it, too.
Just a fact that volatility means a possible to make it big or the otherwise.
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Whenever I send trx to the other exchange or gambling site there is always an additional .00000100 trx that has been confirmed lately. I do not know whether it is the fees or what but it is always like that after depositing trx.
What I have noticed, too is the BTT. If someone can answer this because I am transacting trx in binance but also receiving .00000100 btt from my account.
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Bitcoin will definitely recover even Tesla turned its back from supporting it. First off, it is not only the big company that has an optimistic view about bitcoin payments and bitcoin blockchain, there are tons of companies that definitely support it even one spread negative news about it.
With regards to your question about the usage of it? Ive been using it as an investment (or an asset ), but will admit that I rarely use it as a payment method. Not everyone will gonna agree to use it as transaction purposes especially in everyday basis.
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Think twice about taking some loans and put it all in cryptocurrency. Haven't you think that cryptocurrency may lead you to possible deficit fund? Its because market is so volatile. Just like what happen recently when Elon Musk announced his revoked support to bitcoin and almost all altcoins where bearish, too.
If you have some ways to earn money by your own, it is better than getting some loan for the sake of crypto investments. Look for something that can help you gain aside from getting capital in some lending platform.
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