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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Wasn't the cause because of someone selling a large volume of BTC in a short span of time? I believe that such technical effects wouldn't affect the price of bitcoin that much, much less causing it to crash by quite an amount right now. Luckily, It didn't go below 7000$ and should restore itself to the right average a few days later... Hopefully, that is.
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I no longer believe that ICO marketing is now not right on target what else with returns in a short time, I better look for a real project but do not prioritize ICO marketing but development is the most important.
Right. ICO can be considered dead now. It was quite a flourishing platform in the past but the community has developed throughout these years and has now found much better platforms to perform than ICO. Besides, ICO's are literally filled with scams here and there which makes its credibility a lot lower compared to others who ensure a promising future with profits. ICO was great when we were developing, but the community is already quite developed and I suppose its time to say goodbye to ICO's already.
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This is a good way to think about it. I am unmarried, unlikely to ever marry or have kids but I do have nieces and nephews that I could shift focus on instead and provide them similar instructions for finding my keys. Ultimately, if I die the end goal is for them to benefit from it in the first place, so it makes sense they have knowledge of it like your daughter does. Even though you've taught your daughter, do you have her practice or test her every now and then so the knowledge stays fresh?
Letting your family members practice about such steps is a lot easier than leaving them steps on how to imo. Besides, changes happen everyday and you would still need to update the steps every now and then which makes it quite inefficient at times since continuous updates to the steps are needed at almost, if not all times. I'd suggest programming something that may help them understand it at the very least but that seems complicated and needs a lot more time to work on so never mind that. A video would be nice to do as well but again, updates are required at times and can be quite a hassle but it is a lot more easier to follow a video instead of a list of instructions so I'd suggest that to be a better option than listing instructions.
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Most beginner traders go in blindly without knowing anything. Reading about terminologies and market movement is nice and all, but your own analysis and takes to the market is what builds you up as a trader. It's your so called foundation in the business. You should probably add avoid trading when in debts or currently paying a loan. It's pretty hard to remove emotions themselves or the hope of hitting it off when you're desperately looking for money after all.
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It obviously looks like a manipulation by a sudden dump by the whales. It's not really a crisis since I doubt the whales could affect the market apart from what they already did. It shouldnt go below 6k or even 6500 at that especially with the halving on 2020. It is a plus on those who want to accumulate coins before the next growth or the market this coming 2020.
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