Companies holding a speculative asset in their balance sheet will be forced to sell if the asset is not bringing profit for their monthly income statement. Right on the money, I felt this from the moment Musk the meme master first announced his holding. Can you see the parallel to his current waste of time with Twitter, what does he really need it for and whats his plans personally. I never heard what is his use for BTC intended as, how does this help Tesla and I was waiting for the genius answer before I really took it as much positive but sure markets loved the hype for a moment. Its not just Tesla or Elon Musk, every company not using money, currency, capital on its balance sheet is pretty much obliged to return that free cash flow to its share holders. Tesla doesn't generally give this kind of active return because they are supposed to be high growth, high investment but its still generally true he cant leave it there doing nothing so its gone. This is no reflection of BTC imo, any more then you have to stop using twitter if its useful to you.
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Basically we're in a pullback of the recent positive action and how far that pullback can go is something to watch. Ideally we dont want it to continue too far because they we will have negated the overall idea of a recovery in BTC. For the moment in a larger picture all we did was meet the 50 day average and follow its negative decline and this reflects the prior negative action this year, this is ok and to be expected. I do hope we can start to see something positive occurring before or around 22k and that will give hope of returning back nearer to 30k. What will disappoint many is we are slower then they hoped, what they are used to in a BTC bull market. We can rise even without the hype, its still valid but more different to stay positive both price and personally ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Seems a viable idea but the biggest thing that comes to mind when thinking of referrals is the long term aspect. If referrals are going via this website even with some boost to earnings, the risk would be in those referrals handled long term and the viability and continuation of the website. People have to weigh the added bonus vs the possible risk of this website over many years which referral revenue can exist for in the luckiest cases though I realize most referral is not quite that perfect scenario.
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The news is retrospect and probably better explains what had already happened with exceptional BTC weakness in the months prior. Companies dont usually dispose of shares or fungible assets all in one go, its dispersed with a strategy to follow current market pricing often a volume weighted measurement such as VWAP indicator sometimes available on various chart data providers.
It was significant perhaps but not ongoing as an effect which is what will matter more for prices this year. People sell all the time, it happens but to me BTC is about being used and also the billions of people who may find utility with this 'tool' ie. usage >
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Zero would be a valid number like any other in a computer program, not sure what laws of maths says but unsurprised it appears in the game though 'rare' perhaps Anyone placing bets on bitcoin or ethereum price prediction this month ? I am going in for ETH price bet as the returns are quite delicious. But at the same time the market is highly volatile and it's tough to predict whether to go bullish or bearish for the price prediction.
ETH is more volatile and its reliant on BTC pretty much anyway. ETH has events upcoming which could complicate it, seems too much random to me. I have one simple idea, BTC breaks out and I get a nice odds return from that. Vice versa we can also move down alot unexpectedly but thats all we expect recently and I think its over done, we might get a new low eventually but in these few days left I think probably not.
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Usually rumours about Mt Gox have adversely affected the market, but these are just rumours This should be underlined, the known supply of Mt. Gox coins already will be having an effect on prices even before they are 'physically' exchanged into the order books. Theres some magnetic forces in price vs news and rumor of future action is acknowledged to have an effect, to the extent that many believe you should then immediately reverse course at the point of the news occurring. So the day Gox coins are known to appear and some sold, ironically we see then will have some bullish effect. Its very confusing, similar has been said of Tesla or Elon Musk selling a large amount of what he previously picked up in the bull run of 2021 (for a rich 'self-made' man he is fickle for sure), 75% of its gone so its been noted this reinforces a possible concrete low for BTC. We dont know the low is good but the 'negative' news and the fact its now in the past, this is totally a reasonable positive to appreciate with going forward.
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Best way to test this is with a personal friend using your referral and notifying you every time with clear evidence of every action, deposit, gamble and so on. I didnt see it mentioned but people can be erratic and gambling sites do get used like a bank or place to leave a balance for safety or just convenience. To be sure it would need to confirm if this person has only deposited and not touched any of it because I find that quite possible from all the users and different sites Ive known over the years. I realize the various rules, etc. but its possible this person is occupied with other matters in life not actively gambling right now so I think it best to test out exactly what occurs and keep your evidence etc.
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Useful perspective to have, I think we are more similar to 2015 or where the price action drags on in some negative fashion for an extended period of time. Multiple challenges, ironically because FIAT is pressured. Market is trying to challenge higher prices but its not making great progress immediately, I believe longer term it remains negative looking. Short term however we do appear to retain a higher low price and can build on that to gain more in future. We need to end this week and weekly bar above 24k to call a good positively trending market. If we lose 22k on a daily bar say, consider we have failed on a short term basis and most likely suffer a further reset. Funny thing is around 2012 I was impressed or somehow had my view changed by the endurance of BTC at that time. I knew about it before then but had been too dismissive despite being involved in other ways but maybe the fight in the price and details now does similar so BTC gains further appreciation from parts of the global population who had previously been dismissive.
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This is about the hundredth time someone has posted something similar on this thread. Reread all the rules about abuse of the free faucet and referral program and what is allowed or not, that'd be my unfortunate guess on what your predicament might easily be. Hopefully any doubts you may have will be resolved for you but if your actions didnt follow the rules thats probably what occurred same as every similar post on this issue. The website cannot continue to operate if the referral program or faucet is taken advantage of on such a large website it would hemorrhage so I'm glad when they catch up with people tbh.
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It was never a good idea for Germany to rely on Russia for energy to this extent, current events emphasize that but it was true a year, a decade or twenty years ago that energy security is important to an economy and they simply acted poorly chasing prices. Path of least resistance is often going to put a country down a drain, no special take on what is Russia doing now or next required to observe that repeated effect. the Saudis will increase their production to 13 million barrels per day by 2027 If prices remain elevated above 100 for many years it would be places like Venezuela or other challenging production that probably combats the highest prices from occurring. Venezuela has larger reserves of oil then Saudi Arabia but SA has the cheapest production where as we know Venezuela is another car crash government failed economy, I'd hope they can turn that around. Similarly Nigeria, Libya or other challenging areas like parts of Canada would lead to higher production I would expect higher commodity prices promote greater production for oil, wheat or anything but the short term shock effect especially where we had poor planning is unfortunate. https://newsrnd.com/life/2022-07-21-turning-to-wheat--ukraine-and-russia-sign-the-agreement.HyIu9Xw3c.html
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Experience is most important, I wouldnt recommend a high bet on a place you've only just registered just build up your experience and usage over time. Either they are regularly reliable and accurate in reflecting game results or you gradually encounter problems which should have you moving on to try elsewhere. Has to be a two way thing, dont ignore problems especially if you receive no help in resolving a problem but most long term operations respect they wont succeed unless their users are happy and helped with any issues.
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Bitcoin was built to retain its value Fiat was built to be abused and inflate
Bitcoin isn't going to go down to the 1k levels. Most financial analysts have no clue on crypto. Usually they give a low figure because they don't want it to succeed...
Politics has eclipsed Economics basically, down to the point its now taught as a branch of government rather then reflecting capitalism or free markets. Till the world wakes up from that delusion paper money will continue to be unreliable and serve deficit spending by overly large government GDP influences in the economy. 1k is unlikely because deflation is unlikely longer term, Dollar is spiking because YEN and EURO has lost so much. I dont think Dollar continually gains and these two components continually lose more then Dollar. We could have an event where YEN is especially unable to service its debt but I dont know that happens immediately and also the bank of Japan holds 1 trillion of US treasuries. I presume they must sell that asset in any greater weakness.
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This is just a short term speculation, it is possible that if bitcoin price rise to $28000 or $30000, there could still be selling pressure
OP looking like crypto savant in prospect right now. If we can break this area where 200 week resides it seems fair we do move far closer to 30k but I think 27k is an obvious area where we first encounter some selling and prior holders who now wish to hold into the recovery as prior volume often represents. We move sideways in this area quite recently but up until then its clearer, for the moment its not yet clear we are clear of the 23k area and its pulling back slightly imo remains in a bullish pattern
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We are over 23k, we just touched 23.5. Maybe it is time to start thinking (or just bet without thinking) on 25-27.5 range?
I came thinking of something similar but main thing I would stress is if we dont deflect back downwards here today then might as well bet big on a larger move. I do think something like 29k up to high 30's even is possible. The problem is I would be predicting the peak and theres no saying we arrive at the peak at month end, it can occur sooner and then sell off. Its quite normal to break boundaries reaching higher prices but then also it doesnt stop us going lower then todays price, volatility is one reason simply that the waves were larger for that time. Main reason I'd go with breaking the dam type analogy is we are crossing the 200 week average, so it was looking quite grim to stay below that measure or below the ice trapped negatively. If we do break aggressively upwards some traders join that positivity or thats how I remember BTC acting, in flash type action presuming we broke the sideways to negative drag. Of course I'm not saying forever, my take for this entire year its time to plow not harvest, work to be done first really and it wont occur all at once. Still decent odds, I hope it happens ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Price continually finds a range, we want to know if its trending in that range up or down. My take is we got the top of that range right now so probably best to flip out of any speculative plays and wait for the next low. Market is positive due to gas resuming supply in europe but I doubt thats the end of that particular trouble or many others.
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I dont think a Gox dump is a primary concern with Euro and YEN inflating Dollar value generally bringing weight against the BTC price theres larger issues then a temporary influx of liquidity. Some will sell some wont, others will buy up the Gox coins knowing its changing nothing beyond the order books on that day. Its only debatable as triggering weakness already existing, its a given BTC is challenged for a while yet slight positive today and future battles ahead.
Mt.Gox restricted withdrawals as I remember, it was like this for ages and didnt seem right to me to do that as it created an imbalance in the price, kinda inverse to now there was a false high again related to liquidity. I didnt know what was going on but seemed wrong to me so I generally avoided the place and most people found out afterwards though a few had warned from start of various upsets it was a ship taking on water.
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We have basically touched the 50 day average now so for the moment I think thats a good peak to optimism. The last low was barely above the previous so a better low to stage further movements upwards probably has to occur before we do especially continue upwards. Neither of which answers the low for this year question but we seem to have a graph which is in the area for making that low even if we dont know if its there just yet I think progression is occurring.
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50k this year is possible if you think of the extended range that we can spike up or down within then BTC retains that capability of extreme reach via volatility. The problem is to predict the more reliable and regular pricing and right now BTC is still struggling to get up off the floor, its loosely positive but I dont think the case is proven till we can at least regain the 200 week average. We do have higher lows on a short term basis but we have also failed to surmount last weeks peak price of mid 22k, we're 1k short this week closing the weekly bar today. More work remains to do to turn around the price then has been seen so far I guess. If correct that means before any hope of higher we revisit 19k at least, I of course hope we arent quite so dismal; so far the higher prices are lacking while the lows are worth noticing as positive in this last month.
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I like the artwork design alot, very bling ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Pray that we dont get 100k because nothing big happens in isolation, theres a thin line between a rocket launch and a giant uncontrolled explosion and reaching an extreme velocity in just 14 weeks to drive us from 20k to 100k from a near standing start resembles a situation imo we'd witness close to destructive forces somewhere. I dont how or why that tumultuous event would occur I just hope it doesn't so I don't have to find out what the heck happened to create that much energy so fast. I know everyone thinks higher is better but not in minute amounts of time, slow steady reliable acceleration is far better and with solid inertia ongoing to keep us high not fall out of the sky when we get there.
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