This is why a decentralized system is needed in order to stop the exploitation of bankers and federal reserve. If you look back at the great financial crisis that's occured before many has suffered from starvation, being jobless and poverty because the banks are intentionally bringing down the price with low interest to encourage people to take in debt then pumps it with triple the interests.
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As crypto gets popular you'll see more institutional and financial companies taking interest in it because its more efficient more convenient and the future of payments and transactions. This is a never been seen technology a truly innovative system that could potentially change how we use money that surpasses fiat system in terms of technology and security.
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Im looking at how bitcoin price plays out ive bought a token in the top 10 so it's not really risky for me cause i know it wont die when another bearish trend comes. But if the btc price manage to breakout previous support and the key resistance it might result to fireworks so now im waiting how it plays out if btc breaks support then it's probably time to get out.
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Some people say that we'll go down even more to $2800 but what they dont know is bitcoin has actually bottomed out and already come across in the 200 weekly moving average even last key support in back in previous bubble aligned with the current support. So i guess the bear got exhausted and we might be seeing a trend reversal this 2019.
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Crypto doesn't necessarily need centralized regulations or banking institutions - legalization or adoption in fact it has survived without it. So having institutional investors and centralized banks taking a liking to crypto and blockchain technology could even help boost crypto mass adoption. So yeah it has a positive impact in both price and stability.
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Bullish uptrend is possible but also a reversal may occur but it's up to the investor or trader if they want to hold, for me ive gained 4% of profit so im thinking of exiting for now cause the market seems unpredictable even in technical analysis there's no conclusive answer if the market will surge, turn sideways or go down. So i'll wait for now if btc moves.
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That's basically my strategy learning how to read the charts if there's a possible uptrend of downtrend then decide from there if im going to sell or buy more. Then look for other financial advise like for example famous youtubers who has valuable information and good point of view in technical analysis.
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Do some technical analysis and read some fundemental news if you think that the price might go down according to your technical analysis then wait. But right now the market is going a sideways pattern and forming a horizontal triangle ive chosen to invest due to the fact of a falling wedge pattern and the stochastic rsi & rsi showing bullish signals. Im almost giving you financial advise but in the end the decision is yours to make.
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I use exchanges that has less complaints and issue cause some trading sites are freezing accounts and other users having issue about funds magically disappearing from their wallet. Also not a fan of decentralized exchanges cause they might go bankrupt any moment, we all know that a trading business can't survive without some sort of centralization.
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Bitcoin cant be forever head in lower lows im sure that the bears will get exhausted and the bitcoin price will hit capitulation when that time comes the crypto market should see a nice surge and possible comeback. Because 2017 the price was oversold it needed a correction and that's what happened in 2018. This year we should see some fireworks.
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The crypto market was oversold in the year of 2017 so dont expect that we'll be having a continuous bull run that is made up of hype and newbie investors thinking they're going to make an easy money in crypto. So the bitcoin bubble pop cause there's no solid fundementals in bitcoin massive pump but this is not the first time back then we've experienced a massive falling wedge in 2014 or 2015 but soon got back up and reach new higher highs.
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Are you just waking up bitcoin has big companies investing into it like nasdaq and bakkt this companies are institutional investors that seen the potential in bitcoin unless some new technology that surpasses bitcoin in terms of transportation, security, storage, counter feiting and scarcity maybe bitcoin could fall but it's innovative technology that's never been seen as we all know the new replaces the old technology and that's btc.
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People doesn't understand that the price will not forever go high as we all know that back then in 2017 bitcoin was oversold and needed a correction without any centralized system to back up the price of course a big panic sell took place as some whales were cashing out. As 2017 were a year of a big pump, 2018 was to dump and profit from gains.
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BTC, ETH and XMR are looking really good as we know that bitcoin has finally bottomed out and all those overrated speculations about bitcoin will go down to $2000 was just all fud. I'll be buying if my bounty campaign's pays up soon better late than never in this up coming bull run.
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You can always find information just by googling and exploring the web. There also tons of videos teaching you the basics of trading 101 let remind you that trading is not easy as you thought and you might think it's the easy way to make money but it can be your downfall if you dont research it. Just invest money you can afford to lose.
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I dont think that it will affect crypto currencies cause as we are seeing banking institutions are looking forward to integrate their technology to bitcoin that is why they're developing their own blockchain system. Maybe they can find a way to regulate crypto's but most of this banksters doesn't really understand what bitcoin is and how to use it, so exploits like in their fiat system will be very unlikely.
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That's possible from a technical analysis point of view the bitcoin price is showing lower highs meaning there might be a possibility of a bullish divergence as the tightening range is getting smaller maybe a break out or downtrend will happen today or tomorrow. I believe 2019 is a great year so i'll just hodl.
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The answer is simple because bitcoin is a decentralized currency meaning no one or no individual owns it, no single entity controls it. That's why despite all the regulations of countries and black proganda from bankers regarding bitcoin they can't shut it down because it's not a organization or a company but a group of individuals.
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I think so to, that it will have a bull run this year not just in fundemental analysis but also in technical point of view it has been in lower lows all this year and this hardfork could turn around the congestion and the higher fees the ETH blockchain has been experiencing and finally solve the scalability issue. As long as bitcoin doesn't mess it up ETH will pump.
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Before trading and entering the market with big funds for investment one should think what is needed to become a successful trader and the crypto market is way different than the stock cause it's not manipulated by one entity therefore you might expect big dumps or pumps in the future so be prepared and try to learn how to trade before doing it first.
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