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Like it or not, the bull market is here or will soon be here again and this time, I predict that bitcoin is going to a new all time high of above $80,000. Don't ask me my source, this is just a feeling I woke up this morning having, so I wanna ask you all, are all ready to ride on the Bulls horn again? Incase you missed the last bull run, you will have an opportunity again, hope you set to make that dough?
Take a look at the image below and understand better
Disclaimer: this is not a financial advice, you are solely responsible for your investment decisions, please do a proper research before investing in any crypto coin or token.
I agree that the return of the bulls to the crypto market would be a very good event, however, it is already February 2022 and the price of BTC does not really want to show us the flight to the moon. But in March, the probability that the price of BTC will go up is even less, as the Fed plans to raise the interest rate, which will primarily affect the fall of the stock market, and as we already know, the crypto market can easily follow it. So if we talk about the return of the bulls to the crypto market, then they have very little time left for this.
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From the beginning of humans, we have created boundaries between ourselves by lots of conflict over the century. Our greediness and eagerness for more power make us intelligent animals. Humans are capable of their own destruction. But what if those never happen? what will be the scenario of the current world if there is only one nation and one currency and humans invest their full strength for human resource development and the development of science and technology? What do you think is that even possible in the future and what will be the benefits and inconvenience of it?
Well, for such a future to come, someone will need to destroy all other nations, and then it is possible that there will be one nation and one currency in the world. However, as history shows, such cases have already been and in the end they ended in failure. From this we can conclude that in the future, at least in the near future, this cannot be, although there are those forces that would very much like this. But even if we assume that this will happen, then you need to understand that those who survive will be under complete total control and it is unlikely that something good will come of it.
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Last year, I worked for a crypto company that was launching a new cryptocurrency exchange and exchange token. So, the administration of the crypto company made a bet on development in Africa, which was confirmed by the presence of photos and videos from the events held. It turns out that Africa is not such a backward continent in terms of the use of cryptocurrencies and the availability of Internet services there. What I can agree with is that Africa is a promising continent, where there are many people who would really like to get additional opportunities to receive both additional income and the opportunity to use cryptocurrency as a means to restore the financial sector and financial institutions.
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Considering the fact that the Polygon network has a very low commission for transactions in its network, then it is likely that many will want to take advantage of this advantage and launch their own crypto project or their own crypto asset, which will eventually lead to an increase in the price of Polygon (Matic). 2022 may just be the year when the price of the Matic coin can grow significantly and show the best result. So, personally, I expect the price of this crypto asset to rise, as well as the launch of new crypto projects in this network.
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Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
Personally, I don’t see anything special in this, since everything that happens in the crypto market is somehow aimed at making a profit. It’s another matter if you can see exactly where you can quickly get great profits, and whether it’s BTC or top altkrines and even shitcoins, it doesn’t matter. As for your particular case, then yes, you just got lucky, for which, in principle, I congratulate you.
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Looking at the market now with different illustration about the current position, condition of the market from analysis, many crypto traders are coming out with there different analysis of where the market tend to go in the next few days. Some keeps agitating that the trend is still bearish while others come out with various technical analysis of the market, drawing different trendlines to show the support resistance of the coming bull.
We all know that Bitcoin controls the crypto market and it is a good determinant of most altcoins(maybe all). The fall of Bitcoin had affected the crypto market and I think keeping an eye on Bitcoin is very important to determine the fate of most alts in the market. I have seen much number of fud coming up with different technical tools of the market going down more.
What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.
Following the market, trend should not be as confusing like the way it is currently, especially for those that care much about the market direction and are not too skilled on analysis the market direction.
To understand what is happening with the cryptocurrency market and what will happen next, you first need to stop blindly believing in everything that is said. This is an important mistake, since the influx of such information is aimed at distorting real events. What I mean? I'm talking about the need to look at the trend, that is, at the whole picture of what is happening in general, and not discuss and believe in each piece of news. Now it is already obvious that the world is preparing for the regulation of cryptocurrencies, which means that in any case, the market is waiting for the influx of new money, and hence the rise in prices for cryptocurrencies, however, it is very difficult to say for 100% when exactly this will happen, since the crypto market is currently very manipulative and those who have influence on him do not want the majority to have the opportunity to learn about the plans and, moreover, to make a profit. So I think that you need to carefully monitor what is happening in the market and if you sincerely believe in the future of cryptocurrencies, then try to keep your crypto assets without selling them until the next flight to the moon.
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I do not want to repeat what I have posted before about what was going on in Russia and how the Central Bank of Russia were making moves to make sure crypto transactions are banned in the country, they want to follow what China did. But the president of Russia, Vladimir Putin later spoke good about bitcoin mining and believe this will do the country good. If you are interested to read about it: Fate of bitcoin in RussiaIf the president had not made his own research, the Central Bank of Russia might have succeeded. After the good news from Vladimir Putin, Russia wants to make bitcoin a currency. Russian government and central bank agree to treat Bitcoin as currencyRussia’s government and central bank are now working on a draft law that will define crypto as an “analogue of currencies” rather than digital financial assets set to be launched on Feb. 18. Cryptocurrencies would function in the legal industry only if they have complete identification through the banking system or licensed intermediaries.
Kommersant noted that Bitcoin (BTC) transactions and possession of cryptocurrency in the Russian Federation are not prohibited; however, they must be done through a “digital currency exchange organizer” (a bank) or a peer-to-peer exchange licensed in the country. As you can see for yourself, this information once again shows us that much that is said about the processes in Russia has nothing to do with reality. Of course, there are forces in Russia that are trying to harm the state and the people, and the fact that the President of Russia interfered in solving the problem with cryptocurrencies in Russia tells us that there is an internal struggle and, as a result of this struggle, common sense prevailed. I am also glad that President Putin was able to speak out on the topic of mining and cryptocurrencies and thereby put an end to this confrontation in favor of the recognition of cryptocurrencies in Russia.
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Another great new in 2022 for the crypto users. I am telling it good because it is good than a full ban about which central bank was thinking. There was a worry from the central ban who called for a ban on bitcoin in Russia in the previous month but on Tuesday in their announcement they along with the Russian government agreed to legalize and regulate the cryptocurrency as a currency for the country. On 18th Feb they will launch a draft for that step It means that now this community will be increased much more and the crypto field will see more development and seeing this other countries will also accept crypto as their currency. Their attempt of this step is to handle the usage of bitcoin and other coins in the country because they government do not want to ban it and central bank asked for a ban on it. But for the transactions more than 600,000 rubles which is around $8000, there will be tax https://www.coindesk.com/policy/2022/02/09/russia-to-license-crypto-exchanges-tax-large-transactions/I believe that this information once again shows that everything is far from what they say about Russia, as well as about the correctness of its decisions. It is certainly clear that the Central Bank of Russia is a body that does not work for the benefit of the country itself, but is trying to introduce the desire of some forces from outside. But it’s good that the President of Russia intervened in this issue and put an end to this issue with one of his phrases about mining. Yes, it’s absolutely true that there will be cryptocurrencies in Russia, albeit through regulation, but still this is a very good signal and it will probably speed up the development of the crypto industry and the adoption of crypto in the world.
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