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Retail investors and big investors bought the dip when Bitcoin dropped below $30,000.
I believe that there are whales who manage to manipulate the drop at below $30,000 and bought the dip.
Whales can easily do it and yes they are the ones who also benefited from the dip.
But we should also not underestimate the retail investors, because they are the ones also helping the market to become natural and normal. So I can say now, it will not matter now who is buying.
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What's the technique? It's really simple.1. Go to https://www.tradingview.com/chart/2. Select your Coin you want to buy 3. Set Chart Timings to 4 Hours 4. Click on Indicators and add Stoch RSI 5. Only Buy when Stoch RSI crosses each other below 20. 6. That's it, you have bought at the perfect time.
This technique is really helpful and newbie-friendly. A non-techy person could use this and they will no have reason to say it is difficult. We should also explain in a short brief what is Stochastic RSI. So, in short, Stochastic RSI is considered a momentum indicator, which we will also use to identify if the current coin is oversold or overbought. As OP says, Stochastic RSI crosses below 20 is considered a perfect time to buy, because it can be considered that it is oversold. |
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With all these alternatives on Etherem/"Ethereum Killer" started popping out, Ethereum still manages to relax.
A lot of people really underestimating Ethereum, they really don't know why Ethereum is on Top 2, and still here since the beginninfg.
Ethereum for long term is extremely good, with all these so-called "alternative chain for Ethereum" is possible to stay around for short term.
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For me, this is bullish right now. No fake breakouts.
If you take a look, the recent pump started on the last week of this month, few days before the monthly close.
Take a look at the previous 2 months, the monthly close of months of May and June, few days before the monthly candle close, we saw hard dumps.
May closed below $40,000, and on the month of June, $40,000 acting a resistance and $30,000 is the support.
June, is pure sideways, $30,000 - $40,000. And look at now, we are sitting around $40,000. Closing above $40,000 on the monthly candle is very bullish.
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So NFT games are now the trend.
And most of NFT involved projects right now that in trending are the involved blockchain games, just like Axie Infinity, Cryptoblades, MyDefiPet.
What happened on Axie Infinity was really amazing, it is really shown how NFT is useful, and look after Axie Infinity boomed, a lot of different NFT projects starting to pop.
So for me, next good choice for NFT projects are blockchain games, especially the play to earn (P2E) games which it will drive a lot of users.
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I wouldn't call this adoption yet
It is an adoption since NFTs are part of cryptocurrencies. We can think of most giant companies to have their own NFTs I guess it will boost the market entirely including the top coins since they're now becoming open to it. Not all NFTs can be considered that part of cryptocurrencies, there are some and a lot of NFT right now that have no connection with cryptocurrency at all, which for me is bad especially it is extremely centralized, that's why NFT in the blockchain is the best feature, decentralization is there. But this Coca-Cola NFT is in the Ethereum network and in the Decentraland, which for me is a very good choice. Choosing Ethereum is a good move. |
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I am also curious if it is really legit like there were really orders that happened during that time.
I saw some video about the chart during that very huge candle wicks and it shows in few seconds, Bitcoin price on Binance futures really reached to that area and dump again, clearly huge wicks and I am positive it caused by short squeeze, lot of liqudations.
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(....)
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。
This is an example of FOMO (Fear Of Missing Out). Look at now, Bitcoin dumped again because of humor that there was a market manipulation happened recently involving Amazon. Recommending Bitcoin to other people is always a good idea, what is the best thing to recommend too is the method on how they accumulate or buy Bitcoins, like "dollar cost averaging" (DCA) method, it will help them to accumulate slowly especially if they don't want to go all in. |
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I think there is/is really something cooking out there, the market reacted very strongly because of this "amazon humor", it really reacted well even there is no official state from Amazon. We have already experienced these kinds of humor for the past years and if the market reacted like this, there is always a positive will happen even the humor is not true.
This is one of the best example of manipulation.
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The squeeze is really devastating, with a lot of liquidations.
In the Binance futures market, Bitcoin was able to reach around $48,000 yesterday in just a few seconds. Really huge spread to their spot Bitcoin market.
So, this could be the reason for the pump yesterday and dump a few hours ago.
This could be a lesson for some high-leverage traders.
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Litecoin is especially faster at handling payments than Bitcoin and is an excellent, proven complementary alternative. It's a very cheap, super-safe highway for making payments - especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee. In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is now working on the implementation of the lightning network protocol and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin.
Litecoin is a fork of Bitcoin that stands out by its speed and cheapness. I also like all the new features and functions that Devs add to it. (...) +1. Besides Litecoin is a fork of Bitcoin, and for sure some people are looking also Bitcoin-like cryptocurrency and cheap compare to Bitcoin, since for sure there are some people there who are claiming that they are already late with Bitcoin and they tend to find some Bitcoin-like crypto to invest in, and they will start looking to cheap cryptocurrencies, that's why I can say Litecoin is attractive to retail investors. |
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Hello
Im interested to know how many search a coin or token need to be on 24h trend on coinmarketcap?
I know that there is no exact number but i want to have some approximate stats to determine somthing
Thanks in advance
I don't think there is such a feature on Coinmarketcap yet, what I know has such a feature is Coingecko, but they also don't clearly show how many people are searching They are just showing the trending coins and probably those are the basis on how many times a particular coin is being searched on their platform. If you navigate to their search input, it will show you the current trending coins. This feature of the coin market started a few months ago, and when I started to see this, their search function becomes slower. But it's still good.  It's impossible they will public how many times a particular coin is being searched on their platform, so using the trending coins on their platform is a good alternative to getting the X amount number a coin is searched. |
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What I can see here is Ethereum will have more room to grow compared to BNB, especially if Ethereum 2.0 will be used by the majority.
Binance Smart Chain is an alternative to Ethereum especially for the transaction fees problem, look if Ethereum will solve that problem, Ethereum will be more useful and a lot of people will use it.
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(....) What do you think is the weirdest thing about crypto? Your input will be greatly appreciated. Thank you.  I encountered very lot of weird cryptocurrencies and some people can make money on them especially when they bought early and are able to get out early too, most of the weird are the animal coins that popping on every blockchain network, not only on Ethereum/Binance Smart Chain. And another thing is it's like NSFW coin which is named CUM ROCKET, I saw the founder of that coin being interviewed on a podcast and she is really serious with the project and seems dedicated. |
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This is likely similar to the "bridge" term which is already in some altcoins now, that there is the capability to transfer from another blockchain network, they are almost similar but yeah as what others said, it is possible but I believe on some altcoins here specially built on some blockchain network that got limitation or blocker, it will be difficult or impossible to integrate.
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With the current epidemic situation, many people are looking for ways to earn extra income without having to leave the house, can see that playing games and bringing in huge profits gradually becomes a fever small in the digital currency community. It would not be too surprising if this trend brings new strength and attracts many people back to the market.
Yes, this is one of the many reasons why NFT games now are bullish, it started with Axie Infinity which is an NFT game. I am also afraid for people who are entering this new trend without the knowledge or knowing the risk, they should be aware of the risk too so in the future, they will not blame other people if something will go wrong. |
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OP is right, I remember way back bull run 2017-2018. When the ICO craze started, a lot of altcoins everywhere popping and when the bear market started, most of them got rekt, most dumped more than 50% and some are above 80% to 90% which is crazy.
And additional, even how a coin dumped a very huge percentage, it does not mean it will recover and you will guarantee a huge return of investment (ROI) for it.
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What I can see also now is the same as last month when Bitcoin is battling for closing above $40,000 for monthly close, but look how it devastated when fails to close above $40,000. And now look at the bounce when we touched $29,000. It keeps bouncing above $30,000.
But, we will not celebrate early. Monthly close is still important for this July, if Bitcoin will close above $30,000, bullish.
OP got a point now especially comparing the price of June 2015 and February 2019.
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For me, it's not always that house will always win. It's just become a famous saying, but if you do research, there are some houses that go bankrupts, so I think it's much better we can say that it's just very rare that there is a casino that will go bankrupt. How often do casinos go bankrupt? What are the most common reasons why one would go under? - You can find here there are some companies goes bankrupt last 2014 year. "The house always wins", is like some people always telling if you gamble, you will lose. |
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May I know how much total market cap you are considering as small market cap coins?
Since for me, I am considering coins that are a small market cap that is around the top 500 above the market cap, so for now it is around $50m market cap coins.
Most of the low market cap coins that I am interested in are in DeFi and they are non BSC tokens in which I am not interested.
For me now, I am interested in some Solana altcoins, like SNY or Fabric.
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