Price going down yo!
Price will go up again as well.... But never above ATH as I confirmed.
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This week has been incredible for ADA, 83% up against BTC when BTC is falling. It was too much too be true and it will retest the low-2000 satoshis area.
In deed, last week has been wonderful for ADA holders and even during the current week it is continuously rising and making Headlines in Media. Its true performance will be seen after the Mainnet scheduled in Mid March. The BTC price is again above 50K and fluctuating from 50 to 52K. Cardano is likely to hit its short time target of $2 soon once BTC stabilizes. The Long term target is around 10, which is likely to be achieved during current year. https://www.tradingview.com/chart/ADAUSD/FJdoThRO-Crypto-backtesting-and-chart-work-in-price-action-analysis/
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Bitcoin and Time have some similar properties. You can never go back in Time, once you've spent it, it's gone forever. There can never be more than 21 million coins. If you lose it, maybe it's not forever, but good luck trying to recover it.
Wonderful comment. I heard log ago that " Time and Tide wait for none" Mean they never go back. You made my day by creating new saying. TIME and BTC never go back.
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It will be very interesting if Pakistan succeeds in carrying out this reform. The result of such a reform can be a good additional income to the state budget of Pakistan, an increase in the capitalization of the IT sector and the rapid development of blockchain in this country.
Of course, it will be interesting. But what makes me happiest is that blockchain technology will be taught to our future generations. That is why we are willing to pay taxes to the government. Against the background of government regulation and "tightening the screws" in India in relation to cryptocurrencies
If I'm not wrong, the Indian government wants to introduce its own digital currency by declaring Bitcoin and other cryptocurrencies illegal. If any country like India or Pakistan decide to go for National crypto currency then How it will be different from their national Fiat currency? The central Bank will have authority to print as much they want so in short it will be be neither De-centralized nor Anti inflationary. It won't be replacement of BTC. Please comment if you don't agree with my thoughts.
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Whether and when the Bitcoin price exceeds $60k does not matter if the Bitcoin price ever reaches the $100k level. Each resistance is crossed under different circumstances and with different market sentiment. After crossing $60k, the price of Bitcoin may well go up to $100k or fall down and cause another long bear market.
I don't think btc can ever fall so low as that of 2018, that time had long gone, yes we will see many corrections but nothing will be as serious as previous reason because btc and crypto have gain more exposure, giant companies are not part of the crypto and btc ecosystem unlike before, The btc will hit 60k is uncertain, could be soon or much later, but one thing is for sure, btc will hit that target and even higher. BTC always follows its Historical trend, and it falls 30/40 % from its its All time high before going up again. This theory has been proved correct again and again. The recent ATH was 58K and it came down to 43K during the current week. Correction is a part of any trading asset and it is healthy for the Market and we should not get upset when it happens. I am sure BTC will hit 100K and beyond but not in one go in steps.
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every try to get new the 50k will be disruped by sell of a larger amout of coins. Second time. we were at 49750... and the next moment (no real pattern break visible) 48900 until a little rebounce... Same pattern in Jan and last week. Every time near 50k ...
Another round number psychological hurdle. As much as traders like to claim they operate on logic they seem mostly to operate on something else. We'll be fighting for every 10k milestone until 100k probably. I think $50k and $100k will be the hardest, followed by $200k, $500k, and $1M. These are the so called "powers", "halves" and "doubles". $100k is a power, $50k is a half, $200k is a double. Same with $1M (a power) and $500k (a half). These tend to be the most difficult to permanently cross, mainly for psychological reasons. Adding a bit of math & science to the mix, the sequence {..., 1, 2, 5, 10, 20, 50, 100, 200, 500, 1000, ...} is fairly evenly spaced on a log scale, which fits nicely with the price progressions on most price prediction models for Bitcoin. The above sequence is also being used for voltage/time selection in oscilloscopes, and in most other instruments. tl;dr: When we cross $50k for good, the rise to $100k could be faster that expected. Brace yourselves, and never forget: HoDL.
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I wouldn't normally take a look at bitcoin.com (dot com) as that's an altcoiner's site, but I guess news is news. It also appears in other places about Kevin O'Leary.
I think it is not bad news for Bitcoin.
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Buying this dip with orders all the way down to $45k... for now. Already got filled @ $47.5k
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Covid-19 is the major reason of sudden increase in world debt. Governments have no option except to print Fiat currencies to meet with Heath care and compensation program needs and falling revenues. USA is not only Top economy of the world but also leads the list of countries with most External and internal debt.
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Elwar has already said, he's not touching his corns for at least another 4 years. He can surely wait a couple of years. Might even be wise to cash out one corn next year at whatever price it's at if it's above 100k, just to add to fiat reserves for normal life purposes.
In trad-fi, people like to have "emergency savings" of at least 6 months. 6 months is the minimum. I have read blogs or article about people having 5 years sitting as cash, not invested at all. And these are trad-fi FIRE types who can only count on 4% safe withdrawal rates.
Many of us should be in a lot better position, but again, many of us are also all-in BTC, so ... drops happens and some panic. The diamond hands buy the dip.
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Watching $48,500. If we go over that decisively, it seems the correction is over.
Bitcoin finally broke $47,500-47,700 resistance zone and made support above it. Next resistance level to keep an eye on is at 49,600-$51,000 https://t.me/OfficialCryptoIndia/7620
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How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich? Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
It is very hard to find a True definition of Rich but A person making enough money to meet needs of his/her family and saving some out to it to live a comfortable retired life could be rich in my view. The broader definition of being rich doesn't mean to own huge wealth only but also to contribute for the welfare of society in every way you can is more important.
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Right now? No way in hell would I sell it.
Are you saying this because you've realized how much bitcoin has amount to? TBH, I think a lot of us would have sold long long before now. Maybe when it was $1,000. Because back then, buying 100$ and selling at 1,000$ is quite significant. True. We all get tempted to sell it when BTC or any other asset goes 10X or more. It is quite natural and we all follow our Heart. I have been trading in almost all markets from Forex, commodity, stocks to Crypto and my learning is as follows: Quality assets like BTC , Apple, Microsoft and Tesla stocks are not meant to be sold they are worth holding as long as you can unless you are in dire need to sell them to meet your Cash needs.
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My birthday today, I'm now 60, got celebrated by the family earlier. I didn't really care that much when I turned 50, but 60 does make me feel a bit old. O well,nothing I can do about it, back to the internet and my model rocket rabbithole.
Arrie, Happy Birtday, man! It's ok to feel a bit old at 60, because it's just an alternative expression for a bit less young I'll drink some Gin to you tonight! Thank you! Happy Birthday Young Man
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wait a minute... is it Pakistani flag on her back? Aapne ghabrana nahi hai.. Boss got laser eyes!
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The rehabilitation plan for Mt.Gox has been accepted by the court. A timeline has been set, with the deadline for creditors' vote on the plan by October 8th. Any distribution will occur after creditors' meeting on October 20th. How long distribution itself will take is another matter, but those who choose early lump sum payments should presumably receive it within a year. at least they show some respect to the current run up in price. imagine they would start distributing mid summer? according to this time frame, all it could do is adding velocity to the -by then (next year) already ongoing downtrend. good. bullish. https://www.tradingview.com/chart/BTCUSD/hKOSCZyf-BTC-Cycle-break-down-WHY-YOU-SHOULD-HODL/
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