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Honestly, I don't understand what news caused bitcoin to collapse so much today. I woke up today like everyone else and was very disappointed with what happened. But judging by such a big momentum we could really see 20k soon, when Asia and America come into play, maybe even panic selling will happen.
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I didn't believe the drop below 25k would happen this month and it literally happened overnight. I guess now I will believe those analysts who said it would drop to 20k or even lower. Right now bitcoin is below 24k and it looks terrible. There will definitely be no crypto market recovery in June.
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some of them are certainly experienced analysts. Schiff makes calls on macro economic factors vs fiscal budgets and so on. I know him from the 2008 crisis and he called that beforehand but he isnt a tech guy and doesnt especially have a great insight into crypto. Same way I'd describe the constant downvote from Buffet, why would I care about his opinion when he is so happy to back government debt while they undermine the common workers wages with non stop money printing year in and out; he doesnt care about wages he has assets & all players have bias even the 'greats' Some use Schiff's tweets as a counter-indicator because in 2018, when bitcoin was falling below 4k he said that bitcoin was just starting its fall at that point. His words sound about the same now as they did then. I also think there are too many analysts talking about a strong fall that it is so obvious. There is a chance that it won't happen and those analysts who were talking about the fall will be talking about ATH again, classic. |
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During the first week of June, we saw a slight rebound in bitcoin as well as the market. This morning, bitcoin unexpectedly dropped from 31k$ to 29k$. and today the price simply dropped to $28200 honestly we are living in dark days, with this fall it is weakening the support that is at $28000 and if it breaks this support then we will see a big bloodbath that will take us to $26000 to $24000 in a short time and the trend could take us to $20,000, I'm afraid that we will see $20,000 again because that would make me have little daily volume to trade but at the same time it would be a good opportunity to buy bitcoin As of now, I have yet to find an answer regarding bitcoin's sudden drop in price. just join this: 1 - Russian-Ukraine war (sanctions) 2 - Luna (the great disaster) so there are good reasons to make the price drop a lot And both have nothing to do with Bitcoin imo... Yes that's right what you said. The current decline in the price of bitcoin has nothing to do with either side of the news. If we talk about the Ukraine war, it's long gone and they have embraced bitcoin. The war is not over and will probably go on for a long time. By the way, this reason is now very convenient to use, blaming all the economic troubles on it. Even if Ukraine has adopted bitcoin, it does not say anything at all, because now there is only negative news from everywhere, so no one talks about anything except the war. |
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✂
If Lewandowski leaves Bayern Munich and Borussia Dortmund strengthens the team, a lot can change. Of course, any player can be replaced, but I think that replacing Lewandowski with any player in the world will be a weakening for Bayern at this point. Borussia, on the other hand, has a lot of opportunities for changes in the team. I hope they will make good use of this transfer window and start an equal fight with Bayern next season.
i believe that bayern munich, over the whole season, will be able to cope with the loss of Robert Lewandowski better and more effectively than borussia dortmund with the leaving of Erling Haland. furthermore, bayern is much more experienced than bvb when it comes to fighting in certain decisive games. I don't think Dortmund can fight Bayern either. Bayern are a very experienced team and they have many other good players. In this case, they will be like Real Madrid when Ronaldo left, but the team did not stop playing well and continued to lead the league. All in all, I don't even know what would have to happen for Borussia to beat the current Bayern. |
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I think that if the bull market happens again, there is no fundamental difference in which altcoins go to the moon (except LUNA). From the whole list it seems to me that all projects are good, so you can buy any and wait for the right time to sell. I would wait for the moment when bitcoin bounces back and start buying altcoins.
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I too had heard about Litecoin introducing a new anonymity protocol, but didn't expect it to involve delisting. But it probably won't affect anything. It was rightly said that XMR was in exactly the same situation but not only on Korean exchanges but all over the world including USA and now Monero is doing very well.
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If indeed Fifa's investigation later finds Ecuador wrong, then there is no hope for them other than being removed from the list of participants. But in this case, there is also a lot of speculation that if they are dropped, it is likely that Italy will appear as a replacement because from some news I read, if Ecuador is removed, the team with the highest FIFA ranking will replace it. If they kick them out they will probobly add Ukraine because of the war situation and get politics again into football. So i wouldnt be surprised it they give them a wild card or something or maybe even Italy to get into the World cup because they got knocked out surprisingly I don't understand why everyone is talking about Ukraine? Ecuador is on a completely different continent, why do people even think of replacing it with Ukraine? It is possible that in Ecuador they don't even know that such a country exists. It seems to me that the world has gone crazy if such options are being suggested. Ukraine is a good country, but that is not a reason to talk about it regularly. Italy had nothing to do with it either, they lost their important matches and will deservedly not go to the World Cup. |
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The situation in the group with France and Croatia changed even more interestingly. France are now in last place and Croatia have managed to beat leaders Denmark. I don't understand why the two favourites, who played in the last World Cup final, are now in the relegation zone.
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I never would have guessed that France and Croatia would be in last place in the group. So far, Denmark are in first place and have no competition. I think they will beat Croatia, who are in last place, tonight as well. France and Austria, on the other hand, could swap places, I think the French should still finally show some skill.
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Now it is difficult to predict something, it is not difficult to notice that even bitcoin cannot hold the level of 30k, there is simply not enough support for alternatives and I do not want to talk.I don't see any signals for growth in the near future yet.
At the end of May I was sure that there would be at least a good bounce of the whole market in June, but today the first decade of June ends and the market is still falling. I hope that my expectations will come true and we will see a green second half of the month, because the pressure on the price cannot continue permanently for 4 months in a row. |
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Hi everyone, since the bear market is upon us is there any kind of staking that's good for a bear market or staking are generally bad in this type of market condition? Can be APY or APR, drop your earning strategy in this market condition.
\I am sure that staking is not profitable in any market, be it bearish or bullish. The only winners in the case of staking are the big coin holders who actually get big rewards. It all ends up selling out in the market and putting serious pressure on the price. This economic model has not proven itself since the advent of POS coins. |
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The market has not yet recovered until now, but who are used to Cryptocurrencies, so this is normal, I'm waiting for the right time to buy bitcoin again because the opportunity to drop below $ 30k is very large like a few days ago, and in some exchanges I have already Install $ 28500 to buy and put a price of $ 32K to sell.
We are not expecting a recovery this year, the price could still go down as what is said in the beginning of this thread, one more leg down before we can finally see a good bounce. Good if you have put your buy/sell orders already, it's just a matter of time before this can be fulfilled. So you need patience here. As for another leg down, yes, this is very possible, perhaps late this year we might see it goes down hard again at $23k levels. So heads up for everyone to look for this price and then take that opportunity. I don't understand where you got this value of 23k from. Now almost everyone expects bitcoin to go down and there will be no recovery this year, but the market always works against expectations. Of course I dont exclude that bitcoin can go down to previous ATH because that usually happens when there is a bear market, but too many people are expecting that now. |
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Portugal 2 - 0 Czech Republic
Portugal won easily as expected, the only surprise was that cristiano ronaldo didn't score, diogo jota didn't score either. in the case of diogo jota, he hasn't scored a goal for some time, even if it's a short time
Norway 0 - 0 Slovenia
this was a very irritating game, norway wasted so many opportunities, which only made me angry, I made my multii thinking: "with these low odds, with these two teams, my victory is almost certain", but to my surprise, norway drew
I lose my bet
I was surprised too that Norway could not beat Slovenia, especially when the referee gave a red card to a Slovenian player. The Norwegians had a clear advantage in the game, but even on the powerplay they couldn't score a single goal, although they had 30 minutes to do so. The fact that this is the Nations League, i.e. friendlies, probably plays a major role here. Which, as before, were difficult to predict. |
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Strange that the Scandinavians Sweden and Norway are not winning their home games. I thought it would be the other way round in these games, with Serbia and Slovenia losing. And if Norway still have a chance to win, for Sweden this match will most likely be lost. Probably after the leaving of Zlatan Ibrahimovic the Swedish team will not be so strong anymore.
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Looked at the price of the new LUNA yesterday, it's been cut fivefold since the pump. There is no confidence in this project and it is not clear what purpose it was created for. Firstly, there is no trust in Kvon anymore and that is putting it mildly. Secondly, the man who scammed billions of dollars was not even put in prison and he created LUNA 2.0. It's not funny anymore.
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What makes you guys think we can go below the last ATH of 20k? This has never happened in the history of Bitcoin.
Also, many traders are apparently waiting to buy the dip at 23k as there's some strong support from a moving average somewhere around that area. Last time people were waiting to buy a similar dip at 1k USD, the price bounced back before they were able to do it.
People tend to see the situation as worse than it is in a bear market and better than it really is in bull market.
The only reason why I think bitcoin could fall below 20k and generally break the crazy stock2flow model is that the world is on the verge of a global crisis. Bitcoin hasn't faced that yet, which is why its chart is always upwards. But this time it might break, but I hope bitcoin will prove to be the best. |
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Right now we can see that bitcoin's dominance has begun to rise. This could mean that either bitcoin will start to rise and altcoins will fall because liquidity will move into bitcoin, or altcoins will also fall and bitcoin will not fall, again because less liquidity will move into bitcoin. Therefore bitcoin will be better off than altcoins right now.
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This will be the third time in a row that Ukraine have played against the British Isles. This time I think they will win Ireland after losing to Wales. I think that in the Nations League, Ukraine can show a good result, because now the whole world is helping Ukraine, and these competitions are not important.
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All this has been known about Tether for a long time, but guys, bitcoin is worth 30k now just because of this stabelcoin. All the recent bull markets started only after Tether turned on the printing press. Bitcoin would not have risen to 69k and would not be worth 30k now if not for Tether. If something like UST happens to Tether, we can forget about cryptocurrencies for a long time. And by the way the question arises - if Tether is a scam and everybody knows about it, why they are not closed by SEC or other authorities yet?
Those are without a doubt nice observations, it is true the price of bitcoin started to skyrocketed when tether became bigger as well, however is the growth of tether the cause of bitcoin growth or is the bitcoin growth the cause of the increase in the tether in circulation? This is something difficult to answer, and about your question regarding why tether still exists, this is something hat has confused people for a long time, however it would not be rare there are people behind tether which are protecting it from the SEC, but taking into account governments want to create their own stable coins I do not know for how long this can continue. Of course the rise of bitcoin is directly correlated with the increase of Tether, which is printed out of thin air. The last two bull runs, i.e. for five years now, all the coins have grown only because of Tether. Of course they have big supporters who have influence over the whole crypto market. I think Tether will continue to do well, because talk of its collapse always starts during a bear market, which means that someone also profits from it. |
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