it looks like bitcoin is currently on a bull trend. although a few weeks ago the price of bitcoin has decreased but in my opinion it is just a correction that often occurs when there is FUD. I think this price increase will continue and will most likely reach higher ATH before the end of the year.
The bull trend seems to be going up. The problem was there was a correction in the middle and there were too many people getting out because it had a bad day but it was just one bad day in the past and that happens because it is just a correction. If you have an overall super increase in the past 1 month even 2 month then I would say that one or two days of bad drops should not be something that would be you should worry about at all. I would say that the best thing that happened to us was the drop because that correction allowed people to basically take a back seat and watch what is happening and that allowed them to make a lot more profit basically. I am not saying that we should be dropping constantly but here and there one or two days in a month is not something bad neither.
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Hopefully though, but I wouldn't be surprised if we stay just above $60k. It will be fine and then wait for November to hit that $85k, and then December at $100k++.
I'm more leaning towards realizing our dreams though, just like when we hit $64k right in April, we have plans already. But this time it will be different it we hit over and a new all time high. There is still December, a holiday that everyone should be enjoying including us bitcoin holders. So enjoy the ride and the fun has just started and not be carried away.
I do not really care about the price exactly as long as it is going up. That seems like the healthiest point right now because if you could hold it as long as you could without a problem then you are going to make a profit. You do not have to say that it should be $85k or $100k or anything, as long as it is higher that is fine by me. And if it is low then I am fine about it as well there is nothing wrong about it neither because I could make some profit from the drops as well. I could simply just hold it and buy some more to drop the purchase average as well and that way I would be basically making profit easier when the price goes up. There is nothing wrong with holding as long as you can and hope for the price to go up as well. The price guessing is only adding something that would be extra and I do not know if it is something that is correct or not because it could go up but not to level you want and you could still be sad.
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It is a requirement by the law. All players in Spain need to have release clauses inserted into their contracts due to some kind of work legislative.
A lot of players have extremely high clauses - the clubs know they cannot be triggered and are protecting themselves like that.
Barcelona is extremely careful after Neymar's case, whose clause was put to 200 million - also so that no one can trigger it (it was unimaginable when he signed the contract) - but PSG did a few years later.
Thanks, that explains it. I thought it seemed bizarre thinking that someone would actually trigger it, and it must just be a PR stunt. I hadn't realised it was a legal requirement. This makes perfect sense now. Although it does seem almost like they're exploiting a legal loophole a bit... if a fee is going to be set at such a level that it will never be triggered, then it can't practically be considered a fee at all. Although as you say, who knows, no-one ever thought Neymar's would get triggered. I would understand to put something there so that players who feel like they are getting mobbing would be able to trigger that by finding a club that would pay it and leave. Spain has weird laws compared to other nations, they have salary cap as well just like NBA, it is a much bigger version with 200 million dollars but it is still something limiting how much they can pay for their salary and that is not in any other nation is it? I do not know every nation but I feel like it wasn't available in any other nation. This is why I believe that Spain with their contract situations and their salary cap stuff, they are basically making it harder for the teams to become as good as premier league teams, however they are making the teams financially a lot better without needing to sell your team to Saudi Arabian prince, without these rules premier league owners are starting to become just purely billionaires playing games with each other, Spain is preventing that even if it doesn't bring success. And not like they are horrible neither, they had 3 wins in a row at UCL recently, and the most recent winner of europa as well.
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Just because PSG is a good team doesn't mean that they will win every single game. There will be times that they get a draw or they get a loss as well. We have seen examples of it before and I am sure we are going to see examples of it later on as well.
If PSG wins every of their match, Ligue 1 will probably be boring. They may encounter more lost match later on, we shouldn't forget that this is Football and anything can happen. PSG have to play against Angers today, they will surely win the match, but Angers might give them a tough time in the game. Am expecting PSG to score 3 or more goals. I do not think that it would be boring if they end up winning every game. It is obvious that we would know the champions beforehand if they end up winning everything. However is it really bad that one team is that good and obviously the champions and then suddenly it is boring? We have two other options to make it fun, one of them is the fact that we are still watching who will be the second team in the league and who will be relegated and all that, so aside from the first place we have all the other positions getting a lot of attention. However, if you do not care about that, then we could talk about how PSG is beating and have fun watching them. If you are from France and fan of another team then you are not going to have fun however if you are from another nation like me then watching PSG to beat every team is something I can enjoy watching as well. Bundesliga has Bayern for the past 10 years or something like that, and it is still fun.
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I failed big time this month. I had some extra income thankfully from a few things like selling and so forth. September was a bad month and that is why I wanted to make some investments and get some extra money by doing garage sale type of situation. In the end I made more than 40% of my salary just from selling few things. It really worked out very good for me on that part, but I failed so miserably because I decided to buy things that I "needed".
Yes, I did need them, like a walking shoe because doctor told me to walk 30-40 minutes everyday and I paid for my visit to my moms, which I would do anyway one day, so why not pay for it now so that it would be free, and I met with a few friends since I couldn't during pandemic and we finally had a good day all together. All of that combined and few smaller things made all that extra money gone. Now, I have nothing to show for it aside from a shoe and few good memories. Make sure you do your budgeting carefully or you may end up like me.
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I agree that the biggest problem of China is the local governments debt,not Evergrande. However,I think that the central government of China and the PBOC have enough reserves to support the local governments to pay their debts,at least for a while.The reserves aren't that big,the huge crisis with come,when China runs out of it's foreign currency reserves.AFAIK,China owns lots of US government bonds. They could sell the US bonds and get some cash in order to pay off the debts of the provinces. The economic growth of China seems like a bubble that will pop some day.I'm sure that the new Great Depression will begin from China,not from the USA.
I do believe that we should not be considering China as a great power if they fail to keep growing with debt. I mean look at the situation they are in right now, it is obvious that they should be able to grow with the man power they have, and they still fail compared to places that have quarter the amount of people they have with so much more wealth. I believe CCP will eventually fail not because they are not good at finances, but because of human rights problems. There are other smaller and poorer nations that keep on saying they are willing to work for cheaper and western nations started to listen to them as well which is looking like taking away jobs from China and moving to other smaller nations. This is the real reason why China is losing, because they grew big and everyone is hating how they are treating both their citizens and everyone else so they are looking for other nations.
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I wouldn't be able to say this one or that one really made any changes compared to others. There are probably at least 50 coins/tokens that people could list that went up super high this year, the start of the year was a bull run and all the new ones that got some attention or even old ones that had some sort of development really improved a ton.
This is why I believe that we should be looking into something that would be beneficial to all of us with the overall market increasing instead of just few projects. Sure ADA, SOL, MATIC, UNI, DOGE, CAKE and many more increased way more than few others like XRP but at the end of the day the whole market increased quite a lot.
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The price had risen up to 57k which i hadnt anticipated because im expecting for some pullbacks when it did hit 55k and it isnt really bad to make otu some short sell and secure profits as of this moment. Entering the trading market isnt really just something that you could just be confident because you would just simply lost money if you havent done your thing. Precision is something always been unknown due to this unpredictable market.You would really be seeing that kind of confusion.
I did expect an earlier one, even before 55k. It increased way too much, more than what I expected. I expected it to be around 50k or so and then drop a little bit, not that it won't continue to go up, I was just expecting a little correction before it moved on, it could have reached 57k as it did now, but somewhere in middle like at 50k it would drop to 47k and then went to 57k like that. Apparently it wasn't something like that and it moved directly higher, I am quite happy about what we have right now and I can't think of any other dream scenario that could have been true. Lets hope that we get to see it break ATH and reach even higher places, that would be even better. I believe enter in right now could be very wild, maybe bad or maybe good but definitely something entertaining and thrilling.
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Learning TA would definitely make things easier, but nobody has to learn it in order to profit, I mean it is not a "must". Obviously if you learn it, and trade based on what you learned then you are going to be a better trader and you will be able to trade a lot better as well. However, let’s assume that you do not want to learn it and you want to find another method to make money while trading. Then all you would have to do is to memorize prices and where they get stuck and where they skyrocket and all that, those are basically called resistance and support levels, and if you know what you are doing then you would be able to buy and sell accordingly.
This would take a lot longer time, because it doesn't move very volatile way every single day, it takes a while, it is more like once a month so you would have to study a lot longer and it keeps changing so you would have to learn that constantly as well. However, it is not impossible.
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What known yet is how eNaira can be converted to naira which means someone that has eNaira can send it to his bank account and vice versa.
Later it will be possible for exchanges to support it as they support naira too, but Nigerian CBN banned decentralized currencies which makes naira not to be transferrable to bank directly, if the ban is not lifted, exchanges may not support eNaira transactions. But if the ban is lifted off, I would not see it surprising Binance and some other exchanges will support it.
About decentralized exchanges, anything agreeable between buyer and seller is supported, if eNaira can be transferred from one person to another through the eNaira wallet, then it would be a good means of exchanging eNaira for bitcoin and vice versa, this will depend on the buyers and sellers agreement.
Even if it is not exactly like USDT, it is similar. You do not transfer USDT to your bank account neither, you turn it into fiat and then transfer it. So, binance may end up with enaria no matter what. However, I doubt that it is that much of a volume maker to be worth for binance to deal with it. Remember they would have to spend some money to get it done first and I believe there is a good chance that they may not do something like that at all, there is a good chance they may end up with nothing at all that would compensate their cost. So, I believe it will be focused on Nigeria and nowhere else, maybe some other African nations around them but that's about it.
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One is better than the other on different purposes. When you eliminate the usage of USD (it can be the traditional one or the stablecoin) there arises the trading difficulty. Majority of the users make trading against the stablecoin and rarely against other cryptocurrencies. Everything has got a reason/need. In terms of usage the USDT and other stablecoins aren't used much on physical stores or on any online stores. Now or then, the cryptomarket will coexist with the traditional system and won't intend to replace fiat.
I guess fiat being gone is not something that is completely possible. Sure it could be used a lot less but just like you said we peg crypto against something and we use it. That means crypto could grow a lot larger, and I mean like a lot, I mean like bitcoin could be one million dollars per bitcoin type of level and I would not be shocked. However at the end of the day if you are not spending it and calculating based on bitcoin itself and still calculate how much it equals in fiat then you are not going to see much change in crypto. Fiat will get weaken, even USD gets weakened every year by the politicians and their horrible fiscal responsibility (both democrat AND republican) but crypto would make it faster. Being bigger and being better are different things, fiat is too big, it is much bigger and it is not even remotely close to each other, but it is not better.
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I believe this is one of the reasons why we saw a huge pump on Bitcoin recently, especially when the month of October started.
But for me, I'm still believing in technical analysis. Zooming out the chart, and if you can see the monthly candle for the last month, it was indeed bullish, closing above $40,000 last month's candle is a bullish sign for me and it's gonna be an easy $50,000 breakout for Bitcoin and it happened. Uptober indeed!
I believe that had nothing to do with the current situation. ETF has been postponed a million times already, if it is a good news then we would all be happy however if it is rejected or postponed then it would be what we expected anyway and I doubt anyone would be shocked. At the end of the day who really thinks that ETF will be a thing and invests accordingly, sure there could be "some" but not enough to make the market move this much. This is why I believe that there is a good chance we could end up with nothing at all if it gets postponed as usual. The reality is that people are bored, literally bored and that is a very important metric if you want to know the result, if people are bored then they will not care about what's going on.
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Bayern Munich will win that Match I am very sure.They have a very good winning spirit,good goal scorers who can give them Atleast not less than 25 goals every season in the person of Lewandowski.
And for their match against Bayern Leverkusen,I think Bayern will still win. Leverkusen are a good side,very good in goal,they will score against Bayern but I can't give them to win.If I am to predict,I give Bayern to win 3-1.
This is exactly why I went with 2.5+ goals instead of winner. I know that Bayern will win, however why risk something like that, anything could happen in any game, I am sure that even Bayern would lose a few games each season so instead of risking a loss, I decided maybe a plenty of goals will be scored option would be better. Right now, I feel like Leverkusen is way too good when scoring, and we all know how easy it is for Bayern to score as well, so 3 goals or more could be a big possibility this game and odds are great too. The only fear I have is that even though Leverkusen is good team that scores plenty, they never had Bayern defense to worry about, so that could be a problem for them.
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All the things are needed I think it has been said already but to ask you OP, are ready to face the consequences? If you're not, I think you should have to address this first before going to start trading. You can learn more if you trade more, what I mean is that we need more experience and possible losses before we fully understand trading. Yes, learning trading is costly, and be sure that you have the money that you never regret whatever happens.
This is 100% true. If you are used to and expecting something then you would know that crypto trading is not all puppies and shines. I met someone a week ago, he turned 10k dollars into 2 million dollars, and he honestly says he wished he didn't got into it at all. He wasn't sure about buying a car or getting into crypto and for the past 2.5 years he has been trading daily, he lost his job and a bit later pandemic happened so he used the money he had to live and meanwhile turned it into 2 million dollars at the same time. He assumed the money part would make it worth it, which is the only good part and he said he is super happy about it, but even with money that hard work and constant studying and the stress he had tire him down so much that the moment he reached 2 million dollars he quit trading right away, he hasn't traded for 3 months now and he says he will never come back. Imagine a stress so much that someone who turned 10k dollars into 2 million dollars literally quit because of it, he could have been so much richer yet he just decided it doesn't worth it.
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There are two different parts of this discussion. First of all, is this company doing something that is impossible to do? I mean if the whole worry was over some factory, that is because others do not find it either profitable or just care about it, believe me if there was enough money to be made from this then I can see super rich people investing into a factory, in fact series of factories all over the world and get those chips made instantly, 100x the amount produced yearly.
Some people may say it is because that Taiwanese company is good and that is why there isn't that many, but rich people are rich for a reason and they can pay 1000x more than what those people are getting and hire their engineers and built bunch of factories and raise their own good engineers there. However the annexation part? That is just China becoming more of a danger to the world, I do not like to talk about that part because people assume bad things when I raise concern about it.
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I know people here are cautious about sharing analysis.
You mean trading signal for buying and selling bitcoin? You can get them for some subscription fees and what you are getting for free of cost may not be that much effective (by the way, this doesn't mean that the paid signals are effective). But, it is always more frequently suggest to go for generating your own signals for buying and selling coins. Otherwise you can simply go for buying bitcoin with the plan of holding for a long period of time which might be 5 to 10 years of holding as well. I need help about the price of some coins
These days you can get all the information from Google and it can find the any tutorial from YouTube so you never need to rely on someone. Because, strangers are most of the times known for misguiding toward their bagholding.
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as you guys said that the president of el Salvador will persist to adopt bitcoin when the price fluctuates and is never afraid of the market conditions often falling. El Salvador plans long-term deposits and plans to adopt more. This is very fantastic in increasing the country's economy.
Lol, I wouldn't say that the President is not afraid of the price fluctuation, everyone does, even the strongest hand out there, I think seeing your portfolio is not good and might trigger some thoughts of selling. As far as the economy, you can't measure it in 2-3 years, it must be long term. They've put up on bitcoin when we are in a bullrun? What will happen to the country's economy when we goes on a another 3 long year bear market? I think that will be the biggest test for El Salvador. "Afraid" is different than worried. He could be worried about the price fluctuations but he is not afraid of it because he knew that this would happen and he is fine about it. He even talked about how he was expecting the fall to happen. Looking at how they are doing right now, I am pretty sure they are already in profit, hence I think they are doing fine as well, didn't need to get worried at all, a month or so into their "experiment" and they are already in profit as a nation. If they keep this up and keep putting more money into crypto, they will grow their treasury better than any other method they could have, any profit they have, any excess money they could put into this would mean a very large growing crypto chest for them which would be benefiting them in the end.
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We don't have to "explain" it honestly. It is another pump, we have pumps in crypto, this is not the first and certainly it will not be the last. There is no need to put a label on it or find a reason for it because bitcoin and crpto will always have pumps like we had in the past 10 days. If you are not sure about why this happened, and want to know how it happened, so that you could get ready for the next one, then the only thing you need to check is the bear periods.
Whenever bitcoin crashes, it will always stop at some price and then wait there for a while then in a week it will skyrocket, this has been the case for a long time, no matter what the reason given to people would be. So if you see the price crash again one day, and starts staying at a certain level, buy at that level and then wait for it to skyrocket because it will happen.
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There are no winners in this fight, it is going to be quite big loss for everyone who is involved. I believe that we are going to see people who end up losing too much money because they were trying to invest and "be right" when they are investing into a memecoin.
If you invest into a memecoin you are already accepting the fact that your money is a joke to you, it is a joke purposed token and you are fine with putting your money into a joke. After that, you could lose it all and you should not cry about it, if one day all of your investment becomes zero, then you should not complain and cry about it and call it a scam, you were the one who agreed to put their money into a joke of a coin in the first place.
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