Elon Musk bought BTC some time ago, saying that BTC has various advantages;
But when he now cleared the warehouse after making money, say BTC all sorts of bad, which caused the extreme panic of the market.
Elon Musk has never said that Bitcoin is bad. Please stop your bad FUD. That billionaire only said he still believe in crypto and Bitcoin. Only the mining operations at this moment don't fit the mission of Tesla and it is why he decides to stop the adoption for Bitcoin on Tesla company. Do you need I give you some tweets of Elon Musk? You can easily get his tweets and see how he supports Bitcoin. Have you ever thought that some day Elon Musk will set up a Bitcoin mining farm and use all energy from renewable resources: solar, winds, heat? With a big tech company like Tesla, they can do it if they want. It will be a new era for Bitcoin mining and will help BTC finishes its Moon mission. To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal
Source https://twitter.com/elonmusk/status/1392602041025843203/photo/1 |
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My oh my! Since a few days back my blood pressure has being spiking higher and higher, seeing the price of Bitcoin doing a freefall. I know its prudent for an investor not to panic when the market falling, but I can't help myself starting to panic. I believe that it'd be sensible for me to sell all of my Bitcoins and wait for a suitable time to reinvest.
The falls of Bitcoin in past several days are not freefalls. You have to define your free fall. I'd prefer to call the fall in March 2020 is a free fall but this year, no free fall has yet appeared. In 2020, people were uncertainty about the bottom of Bitcoin, the probability for Bitcoin to touch the 2017 all time high and more. Many other doubt with serious uncertainty in 2020. This year, the bull market has its time to cool down hot and greed heads. Corrections are not equal to free falls. |
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So long story short the same person that got dogecoin from under 3 cents to over 70 cents could also be the person who can take it from higher and higher levels to very low levels. That is why I believe that this is not going to be simple for the holders. I always preferred to hold something that makes a lot more sense to hold than just "elon might tweet about it.
The late people join the party, the chance for them to enter at peaks is higher. If they are newbies, worse, they will end with loses because they don't have logical thoughts that why they join the party. Without logical thoughts, they will easily to be manipulated by whales who will make them panic sell. The cycle will be repeated. Panic sell at bottoms, bought because of FOMO and so on. There’s a possibility that he’ll dump DOGE later on so the risk is always here if you follow his tweets and too focus on that, you might miss taking profit if you think Elon will play long term. DOGE is always be a hype coin making its more volatile, the pump and dump tweets can happen soon, I don’t trust Elon that much anymore.
Dogecoin was dumped to below $0.5 and I think this coin can be dumped to $0.3. It would be a good price to trade this shit coin. I don't hold DOGE because I don't believe Elon plan for Dogecoin, DOGE-1 mission, etc. The longer I stay with and hold Dogecoin, the nightmare will be more visible. |
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- Bollinger Bands
I don't use Bollinger Bands indicator which is too late if you are a trader. It is good if you use as indicator for your investment. You will buy a little bit sooner than the bottom with a little higher price (lower band), and will take profit lower than the peak (upper band). It is good because it can give you a confirmation that is safer. However, if you only rely on Bollinger bands, it is not enough. Not enough even you want to make investment, not only for trading. Resistance, support, golden cross, death cross and OP should learn about them. Bitcoin Support and Resistance for dummies[Tutorial] Golden cross VS death cross |
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I laughed crazy after reading your last lines. They are so true but unlike you I am also die hard investor of DOGE right now. I don’t know why but because of his official statements regarding Tesla and SpaceX which will be funded with DOGE getting me crazy right now. It’s like I know the risk but I don’t want to miss the train either.
I think we gonna have sleepless nights until he breaks the chain before first quarter of 2022 or may be he will make us hot rich next year after he fund the SpaceX with DOGE which will surely take millions of dollars. So yeah, DOGE will hike.
Dogecoin can only have higher value and maintains it if Elon Musk actually works with Dogecoin developers to upgrade that network. The big question is who is the developer who was contacted by Elon Musk. Dogecoin is abandoned by its developers many years and now they came back to work with Elon Musk. Is it a true story from Elon? I don't believe it but it can be true as preparation of Elon for his shill attempts on Dogecoin. It is likely a 50/50 between lie and truth. Is there any fact that you can state that he might do that? Sure, somebody with his position can say anything he wants and it could be "Dogecoin Sucks" but it hasn't happened yet or never will be. He has just that kind of influence over the new investors in crypto.
I imagine you lost some of your money with this Dogecoin fiasco or probably lost money with the recent "announcement" in his tweet that possibly caused the recent downtrend with the BTC price.
If Elon and his team have yet sold their Dogecoin, any tweet as "Dogecoin sucks" will only be their attempts to accumulate more cheap Dogecoin. Cheap price is mentioned here is cheap if compare to the price they want to pump it to. I don't consider the current price of Dogecoin is cheap. If Elon and his team sell their Dogecoin, price will be dumped without any tweet. |
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Leading analyst PlanB believes that BTC will see good growth in the next few months, given that Bitcoin has been able to maintain its price level in the bear market.
The market is not bearish yet in my opinion. It is a correction for higher highs and patience as well as determination will help hodlers to have better profits than traders or weak investors. I believe Bitcoin will have higher price but I don't advise anyone to make loans or use leverages for their investment or trade. Because with corrections and even with bull run, you will lose money if you use too high leverages with bad entry prices. Loans have expiration and such call will result in bad decisions. “We want, ‘all models to be broken’ and $100,000 BTC now. Truth is that it takes time.
It takes time so it requires patience to see $100,000 for one Bitcoin. If you believe Bitcoin will have that price, why not hodl it. 1 Bitcoin is 1 Bitcoin and you will only lose your Bitcoin if you sell it at bottom. If you buy it back at higher prices, you will lose some fraction of bitcoin. |
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I did not use all of my money for crypto when I began. I lost a few times but I don't suicide because I did not lose all my money (even after a few loses).
I lost my capital and profit because I don't withdraw my capital after each investment or trade that ends with profit.
After many times of bad capital management, I withdrawn my capital if my investment end with x time of initial capital. And I use the profit to invest or trade again.
If the profit is smaller than initial capital, I will withdraw all profit, and only leave the initial capital to invest or trade again.
Big capital, big profit as well as big loss. After many years in crypto market, I realized the hardest thing is keep the capital SAFU and next is keep part of profit SAFU.
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I like the idea of the team burning some $BANANA to reduce circulation and increase scarcity, I hope it will reflect on price as well because this is where the interest of majority lies,
And speaking of ApeSwap, I have really use the platform for anything, am thinking of doing some staking outside binance so I would probably take a look around ApeSwap and see if it catches my interest.
I hold this token for a few months and it has a technical problem with one partner project which caused $BANANA fell to around $0.5. The team fixed it, decided to burn tokens, and made few partnerships. Honestly, I sold all my $BANANA when it rose to more than $10 and so far I think I made a good decision. I bought it back at $5 and will hold it to wait for rally. I believe that $BANANA can have new all time high too. It is not my lie because I said about 2 figures price before the token took off. $2 is only a beginning of something big. Price won't move up without rests and corrections but I think the $BANANA will only begin its adventure. Two figure price will be touched in this year.
With the market uptrend and the news from Binance (they will launch their own NFT market), DeFi tokens and BSC chain will become bigger. Capital will concentrate more on BSC chain and active projects like ApeSwap will be caught by investors.
Stay tuned for news and notice the capital growth on this token. Capital spent by investors or traders are elements of growths.
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Anyway I trust theymos's vision. See you in 2-3 years again.
It is the vision of theymos. Grin inflation rates| Year # | Yearly monetary inflation rate | | 1 | 36500% | | 2 | 100% | | 3 | 50% | | 4 | 33% | | 5 | 25% | | 6 | 20% | | 7 | 17% | | 8 | 14% | | 11 | 10% | | 21 | 5% | | 34 | 3% |
I would try to accumulate more Grin coin and wait for the year of 2024 or 2025. The new bull cycle of crypto market with Bitcoin halving in 2024 will be cool. It together with the plummet of Grin coin inflation rate will have double effects on the price of GRIN. It would be time to grin.  |
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So PancakeSwap community has voted to reduce the CAKE per block to half (from 40 to 20). Good news for scarcity's sake right? ApeSwap's BANANA per block is 10 by the way ApeSwap team also burn their tokens as I recalled. ApeSwap burn plan. I can not step in the shoes of investors but $BANANA rallies in the last 24 hours. It's more than 15% up and volume is high enough to trade and swap. About 4 milliion of $BANANA tokens were burned according to https://apeswap.finance/Banana Stats
USD MARKET CAP $ 140,967,127
BANANA IN CIRCULATION 27,979,842
BANANA BURNED 3,968,595
DEX LIQUIDITY $ 245,076,830
DISTRIBUTED BANANA/BLOCK 10
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Pirate Chain $ARRR Announcement topic: https://bitcointalk.org/index.php?topic=4979549.0Twitter: https://twitter.com/PirateChainPirate Lite Wallet UpdateYou can get the tutorial to install and set up your wallet in the announcement topic. If you need more support, you can make post in that topic or on Twitter. Is this windows software wallet safe and anonymous. So ti would be an online wallet, but from what I have heard online software wallets CAN be more secure than simple online wallets since the program acts as a shield against almost all hacks.
If you are worrying risks from altcoin wallets, you can use one device for altcoin wallets. On that device, don't store your bitcoin, bitcoin wallet backup or any personal details (identity documents, bank accounts, etc). Don't use that device to log in and trade with your crypto exchange account. |
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Emma, I think the BitGeSell team should announce this promotion on Twitter. The award for winners are high enough to catch attention of bounty hunters. I checked the Twitter account of this project and can not find any tweet about this promotion. |
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Where is the rally come from? BitGeSell rallies up to 50% and HotBit exchangeBitGeSell rallies up to 50% and HotBit exchange has been back for your trading. If you have your BitGeSell coins on Hotbit, your orders were canceled by the exchange. Go ahead, remember to reset your account password and set up your new orders.
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They got dumped and will get dumped not only because the vote result. Failed result can be taken and considered as cause of dumps by lovers and enthusiasts of those tokens. As observers and with neutral mind, their dumps are unavoidable events because they are in the meme token ecosystem and took the hype of Dogecoin to rise.
People got FOMO with them after they missed the climb of Dogecoin. Dogecoin got dumped after the NSL and what you do you guys think about Dogecoin so far?
If Elon can make surprising adoption for Bitcoin then drift it to green cryptocurrencies and create panic for Bitcoin traders or investors, he can do the same for Dogecoin. DOGE-1 mission, it is too far to conclude that it will actually happen.
Many Dog meme tokens, not only $AKITA or $ELON.
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Elon Musk is putting the brakes on Bitcoin until the energy issue is sorted out.
He says he is looking at more energy efficient crypto, no doubt "proof of stake" alternatives.
Perhaps Elon will support Chia $XCH rather than Proof of Stake cryptocurrencies. I see many PoS coins fall down and down and they can not recover when the market is bullish since 2020. The wave of PoS coins is in late of 2017 and first half of 2018. I don't think PoS is the solution for the world. If there are good alternatives for PoW coins, I would choose cryptocurrencies with DAG algorithm. The best candidate for DAG coins is Obyte which was rebranded from Gbyte. Price was divided 3 folds from the last peak and I think you can consider to accumulate it. https://coinmarketcap.com/currencies/obyte/markets/ |
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I noticed that even new coins that are simply created like on BNB, without even a small thought behind it, gets millions of volumes per day trading.
Is their something behind this volume? I mean is it this something technical or really happening.
What are coins do you mention? Huge volume belongs to meme tokens, not coins. They rose too crazy after the crazy hype of Dogecoin and SHIBA. Those meme tokens are bleeding and I won't think they will stop bleeding soon. No utility and only get price from hype, they will die soon. I hope people bought those meme tokens at whichever price, will make their decisions to cut loss and exit (if they still have profit). Staying too long with those meme tokens will bring pressure for them. It is easier to enjoy unbelievable rises but for unbelievable falls, your mentality won't be stable. I personally will never take such pressure because of my gamble. |
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We all see that the BTC price is sideway from 50k to 58k for few months now and it seem can't break up the 60k barrier. My portfolio is about 90% in BTC and I feel very depressed to see other altcoins prices are increasing very high in the last few months while the BTC price is stuck at the 5xk ranges.
To pump Bitcoin, the market need huge capital and whales need to create panic and shake all weak hands out, liquidate gamblers' positions. Then Bitcoin will continue its parabola. The altcoin season is existing to help whales prepare for Bitcoin season. You will see it. It is said that now most traders and retail investors are only interested in buying/trading altcoins, especially meme, animal coins because they can make much more profits comparing to buying BTC. Some of my friends have x10, x20 their portfolio just 3 months after entered the crypto market. I joined the crypto market since 2016 but can't make as much money as they do for just few months.
Altcoins are only good in altcoin season and bull market. In bear market, Bitcoin is the best if you want to keep your fund in crypto. They tell me to swap my BTC to other altcoins and hold them for much better profits. I'm still struggling to make my decision to sell my BTC for altcoins (I prefer ETH, ADA, SOL, ETC).
They already climbed a lot but still can climb higher but if you still want to invest into those coins, you have to accept risks of falls. In addition, you have to prepare for any shake outs that are needed for their climbs. Shake outs are not comfortable and can make you feel very panic. There are many altcoins that have yet climbed a few times like these aforementioned coins. You can choose them and have better ROI. |
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SHIB is a shit token and it is not a mineable coin. When you misunderstood SHIB (SHIBA), your recommendation for others make non sense. It is a meme token as it is shown on coinmarketcap. It is an ERC-20 token with the smart contract as followsWhat you promoted make non sense too. Stable coin need to be pegged and backed by real fiat. What does it mean that the NashCash stable coin can be mined? I don't mention how you mine NashCash. Whatever the method to mine it from mine, stake, farm, yield, they will only shown that NashCash is not a stable coin. |
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