In general, well, you could call these so called tools as helpful. An example would be tradebot which you can set aa to which time it buys BTC or time it sells BTC. It is entirely dependent on your way of life or how you invest in determining if these tools are helpful to you. You can depend on these tools, but it's a lot better if you create your own with the same concept that you would like to ensure a 100% accuracy in what you want to happen.
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Well, we can't really be sure about how the price pump suddenly happened. Could be as you said, china's involvement, some said it was Bakkt and some said whales' manipulation of the market. One thing could be sure though, such sudden pump would see a stabilization in the near few days since it seems such pump has no foundation to stand and retain its position. I'd expect it to go back to less than 9k and stabilize its price there.
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There are links of China news regarding this, but how come it became too fast to take effect in cryptocurrency prize. We're not sure yet what's really behind it but this shows how cryptocurrency can be in just an hour when people uses it or if true the news about China then when government accepts and gives credit in cryptos innovation.
I also saw some news regarding the correlation between something happening on China vs USA in crypto which caused the price pump but im more inclined to believe the news about Bakkt when comparing the two. Some threads have been discussing how Bakkt reached a new high in its trading volume which may have indirectly caused the pump.
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We should post a sticky I think in the gambling section explaining gambling in details,I think to explain the risks of gambling more than the benefit of it.Everyone can add content to the sticky as long as is following the strict guidelines of the sticky post creator.There are a lot of resources to build a good sticky post on gambling risks so I will leave this to better post writers than me,I think this idea should help many gamblers here read before they decide to gamble.
I doubt gamblers would recognize such risks or even bother to read them since they believe in themselves that they already know what gambling is. It's kind of like how you know smoking is bad yet you still do it. Kind of a form of stress reliever and enjoyment for themselves. Sadly though, gambling is most often, if not always, seen as something negative which is why gamblers themselves have this same mindset even though they do this themswlvss, causing them to incur addiction to themselves.
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Marami rin kasing nadisappoint sa Bakkt dahil sa walang immediate effect sa market agad agad nung pagkarelease but alam naman natin na long term effect yung pwedeng mangyari sa case ni Bakkt. Medyo nakakatakot pa rin though na paniwalaan yung sudden pump kasi masyadong sudden without any possible clues na magpupump ng ganitong price bigla. To be fair naghohope pa ako na magdrop para makapagstock pa ako ng coins but it turned out otherwise hahah. Hopefully, bakkt could still show the same results sa future para isa rin siya sa makakatulong na makapagpush si BTC sa another ATH
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Oscillators are running high on the 1-hour and 4-hour time frames. So in the short term we're probably in for a pullback off $8,800. I do believe now that $7,300 was the bottom of this correction though.
I'll be more confident in that assessment once we form a higher low on the 4-hour, and after seeing how the next trading range develops. I'd prefer to see bulls hold strong in the $8,000s......that would make for an epic bear trap!
Dripping back below $7,700 would be a very bearish sign. That possibility is still there. There's a major decision point coming soon.
And we're already in the 10k bro. Guess the pullback didn't happen then. I'd expect one though since the pump was seriously way too unnatural with how it jumped to 10k in less than a day from 7300$. Luckily, this shows that the news regarding quantum supremacy were not enough to affect the market and the drop to 7300 was just temporary due to a sudden dump ny a few traders.
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That was really bloody surprising. I expected a pump but in the ends of November or start of december. No one expected a pum from 7500 to 10000 in a matter of hours and I was honestly shocked when a friend told me about it. This may have some shady background about it, not sure about it though. It's way too unexpected for the pump to suddenly happen without anything shady happening about it.
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I was thinking this is a big turn over but basically they just want to create their own currency or something similar by adopting blockchain as soon as possible, and probably they will use the decentralized word in order to save their centralized products.
This is done of course to avoid their citizen from using Bitcoin. Could be a good news while actually a bad news for long-term.
Indeed. They hurry up and chase their benefactors tails while banning them or shunning them from their own countries. China has already started the development of its own cryptocurrency and you can already guess how it would go once it is released since China is a country that is or would be monitored by the government 24/7. Plus, with their own cryptocurrency in the country, I'd believe that the government would start a strict crackdown on BTC users, stopping its growth inside China.
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I don't think so? The fact that BTC crashed shows that the eyes of the market is on it. And besides, the third halving is just around the corner. BTC will only attract more and more attention as the time between now and the halving shortens so I don't really think altcoin has a chance to squeeze itself in. Besides, its not only BTC that decreased in price, iirc, all famous altcoins had some losses in the market.
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Just start trading. Mining has now moved on from its early phase. As what others say, it is now the time where mining is a fight with regards to quantity, AKA how many mining machines you can provide. There's already a lot of miners in the world with most probably a lot better equipment than you. And even if the quality of equipment is the same between you and others, they still have the quantity to make up for it. I'd rather trade now instead tbf, I'd just have to wait and HODL till the right time.
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Some banks are already preparing for it. the De Nederlandsche Bank or Dutch Central bank has hoarded gold worth around €6 billion. They've already stated that once the recession starts and the market crashes, they could fall upon the gold they have and start all over again. A recession would most likely happen since I have not seen any progress to reduce the global debt that the world currently has. On the contrary, it has increased more and more and made it most likely impossible to pay it back.
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You can also watch this video. The vid was posted in that thread and it covers the basics of getting started and the topics of each board in the site. It wasn't me that created it btw. I'd advise you to just visit some boards and threads and see how discussions occur between them and try to learn while your at it since that's basically what the site is looking for, to learn.
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Since your starting up with 10k$, might as well go for BTC. It has a lot of potential to profit and the market has currently crashed. Its pretty much a great opportunity to buy low and sell high later on. Besides, a lot of others has already said, Suncoin looks dead. And there's no guarantee that it would still come back. Might as well go for the most famous and most probable one that could return profits, BTC. I'd suggest some famous exchanges like Binance when your buying them.
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Should we consider $6000 as the bottom of this ongoing dip?
Well, I don't think so cause in my side, I'd still want to get more coins before finalizing my entry to the market. Not gonna lie though, the dip was way too sudden and it doesn't look like its gonna stop anytime sooner. Although this could be considered good news since its kind of like the build-up before 2020 halving where we could expect a price hike that could probably exceed 10k$
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Why would you even compare BTC with Libra. BTC already boomed and will boom again in the near future. People have asked the same question before the last halving and what did they get? BTC boomed super hard, it reached 20k$. If we based our predictions solely from the past events, the next halving should help BTC boom a lot more and should be able to reach another ATH. Also, BTC has been in more in demand now compared to the past, and with the halving occurring limiting the supply released, Prices would naturally go higher right?
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You can try reviewing this sites indicated on the list. I just tried looking up on google and well, top search was coinpoker.com. Up to you whether you'd like to believe but I'd suggest looking up reviews and the like first. The list I linked earlier seemed legit since I found multiple sites that list them as top10 but I wouldn't guarantee it for you since I haven't really visited any of them.
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I've seen some posts relating the price crash towards Google's quantum computer but honestly, it's just unneeded fear in their part. Quantum computers may be progressing but the same could be said as well to cryptocurrency so I don't see the reason why investors need to be in fear and make a sudden dump in the market. Market crashes don't really correlate to news events of that time, if I may believe so, and honestly, market events are just because of the events that happened in the market.
Well, we can't really find the answer for the market crash that happened but I believe that it doesn't necessarily need to relate to the current news events that are happening.
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Day traders swing traders... Don't keep Bitcoin alive for too Long all They do is trading btc with each other, there is no profit but Will be losses.
But look at the stable coins They are stable and have same aspects as Bitcoin has, so Can anyone explain to me who or why Will need Bitcoin?
Same aspect as BTC? Can stable coins bring you profit and losses? No. Because they are "stable". And who are you to speak of BTC as having only losses but no profit? Clearly your mind is clouded and you haven't understood what BTC really is. I dont think Bitcoin can survive for long If there is no outside help!!
Whatever could you possibly mean by outside help? BTC is a decentralized cryptocurrency that no one could access nor control. On the other hand, it has continued to exist because traders have kept on buying and selling them and building up a market around it. Now, if you were to say that "these" traders are the outside help, then clearly you don't have a rational mind Stable coins have their use as "Stable" because you can ensure that their price wouldn't depreciate, therefore ensuring that you have that same amount of funds as coins or as crypto. But that doesn't mean it is above BTC. Stable is for "Stability" or for having storage of cash as crypto, and BTC is for trading for earning a profit or losing a profit (Cause either could happen).
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Possibly so, but we can't really know and there's really no way to determine if it really has affected the market so much that BTC actually crashed. I kind of want to refuse to believe that the BTC market could still be manipulated by news and such since BTC has come through many news that are much more negative about it compared to quantum computing of google. Besides, don't they see that the threat of quantum supremacy to bitcoin is still far off in the future? It's not like the crypto community is in stagnant progress. It's progressing each and every day and well, we should know that it would try to prevent quantum supremacy from reigning over it and destroying everything it has been up to now right?
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Try cointelegraph bro. Past comments have already said it and Im gonna reinforce it. It's quite a good site about crypto related news and current prices of altcoins and BTC. You can also check up CryptoCrunchApp FB page if you want important news and updates with bitcoin every week or so since it mostly posts prices of BTC and altcoins every now and then.
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