This is time to do more loading up than talking, btc just gave another opportunity to buy low but like always some people won't take advantage they will rather ask questions instead, Like somebody already said above, this scenario has occurred at every new highs of btc, after this 50k correction next target is 60k.
That's right and we should divide our funds into some parts to buy at any bottom as it's just a correction for a short time and bitcoin will have bullish rally in the long. It's just like the previous correction where bitcoin went to $29k and everyone was waiting for $20k price zone, but that didn't happen at all. So, it's better to use the current opportunity to buy at low instead of regrating later for not buying now.
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I do not know why the market is going the other way as I do not see negative news besides Elon Musk's tweet.
I always hope that the price will be back to more than $58k and break the $60k barrier, but it seems, bitcoin price will be like this for a while. So maybe we can use this to trade.
Downtrend is done because of the creation of daily candle below 20 MA indicator and more future contracts will be expired sooon. But there is a bullish divergence in RSI which means market will be on bullish rally sooner or later. Also, btc might have side-way movement for sometimes , than it might go for crossing the $58k price level to make a new ATH, IMO.
Maybe there's no fomo triggered during their buy-in but instead it causes a panic but I guess most probably the cause of this panic is the tweet of Elon Musk.
Indeed, but it's not only about that tweet as March is a month of bearish trend for bitcoin according to previous history. So, everyone was in doubt that next month will be bullish or not after this huge dump. In that case, everyone was in panic mode and fomo can't be triggered even after circulating the news of buying $1 Billion worth of Bitcoin by Microstrategy, IMO.
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Seeing the current rocket growth of cryptocurrency, i guess what you are imagining, will be happened but need a lots of time, maybe 50 years.
It's quite a high time for crypto industry or any kind of industry. TBH, it won't take that much time because there will be more development in this field and sooner or later, people all around the world, will be able to use bitcoin or any potential coins as a payment gateway and every industry will adopt it. So, it's ture that crypto is needed more time from what we expect, but 50 years timeline isn't suitable for this as crypto become more popular within a decade. As a result, we might need to wait for another decade, IMHO.
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If you can learn from them, then you can be get a better future journey than a following someone's journey.
Indeed, anyone can be a successful traders instead of following others trade signals. But it's also a great way to learn from anyone's trade signal like "why that expert think thses coins/tokens will pump or dump in the upcoming days? What'll be the right price level to buy any coins/tokens?". If anyone ask yourselft with this questions and constantly try to figure out the answers of those questions. Than it won't take more times to become a successful trader on your own, IMHO.
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Just like what i was expecting and my assumption was right . Definitely, it's a positive news and i was expecting a rebound into the price of Bitcoin. But this time, it couldn't able to create a positive vibes to rebound quickly as correction was huge. TBH, it's a great sign of a massive bullish rally in the upcoming days.
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Please let me know your thoughts about the expectations in the future like 2-3 weeks in both scenarios positive/negative for Ripple.
Better to stay away from Ripple as for now because it's not only about SEC lawsuit as Jed McCaleb which was to be a co-founder of Ripple, is now selling off his all XRP tokens and that's why Ripple can't be able to pump back to it's previous position. But it might be a good choice to buy a small part from OP's portfolio to be safe and make profits if everything is sorted out, IMO.
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the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing
DYOR is the main thing before taking a decision of hodling as every cryto projects won't give anyone good results. Like what OP said, sometimes anyone might get nothing instead of having more patience and this is for shit projects which don't have any type of fundamental use-case or realtime products. For an example, i was hodling a token which was active back in 2018-19 and now that's more than a shit one. Also, i'm still hodling another token from 2020 which has real products and now it's on almost 10x from the previous bottom which is great for me. TBH, DYOR is everything after all.
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Just one thing, shit projects can do IEO only on those exchanges where withdrawal fees are high; no real traders only bot trading and team can dump their tokens on their investors and 2local is doing the samething from 2020 which is still going on. Even team already distributed so many tokens so that create hype among those winners to get into fomo and buy tokens in IEO. So, DYOR first and don't fall for the IEO fo those shit exchanges.
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It's better to divide our portfolio into more parts instead of sticking with one crypto. Also, it's safe to keep our trading or hodling with BTC and ETH. TBH, alts are good to profit in alt season, but it's more risky when BTC or whole market is in correction like now. Correction is needed for a bullish rally as well and it's the best time to buy more potential alts for next rebound.
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What to do, how to cancel it and to be sure that it will not be lost ETH?
I would like to recommend to use built-in metamask crypto wallet of Brave browser as Cancelling/Speed Up option is available on there which is easy to use. Though anyone can use MyEtherWallet to cancel that previous transection by sending zero eth to the own address with using the same nonce. But Brave's crypto wallet has a option to speed up that transection with a simple button. TBH, it'll cost huge fee if sender cancel/speedup that transection as gas fee is on surge though ethereum price is down.
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As of now, they already burned 65.5 Million CRO according to coingecko and it's best for all CRO hodlers as CRO is trending on coingecko as well. So, probably it'll pump further and might hit $1 (like what OP said) after current correction of crypto markets. TBH, it might go further if team do any buy back to burn more from circulating supply. Also, it's a great time to buy more CRO as market is on correction, IHMO.
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I'm looking for news regarding this but I can't find it, can you drop a link source for this?
It's just my assumption because previously exchanges faced technical difficulties when Michael was on the moves. Like that binance and other exchanges was facing technical difficulties yesterday. BTW, Michael won't tweet that he's buying now , but he'll definitely make an announcement after buying that $1.05 Billion worth of Bitcoin for their convertible Senior notes. If my assumption becomes true, than we'll get an announcement from Michael asap.
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It was really a happy moment for those who were in this market from that time. Though i entered into this market when bitcoin was $800+ back in that time and now regretting for not buying in that time more. Hopefully, everyone's hodling bitcoin for next ATH of $100k. It's become a great day when we get a new ATH of Bitcoin.
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Looks like Michael Saylor from MicroStrategy is now on the move to buy Bitcoin for their Convertible Senior Notes. As Michael previously tried coinbase for buying massive btc from coinbase in the first attempt and even it's freezed in that time. But now, coinbase as well as other crypto exchanges are keeping in close contact with Michael so that they can help Michael for buying bitcoin from market. So, coinbase is chosen by Michael for this time to do that, IMO.
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What in your opinion is the biggest power of the crypto movement for the real world?
As for now and future, bitcoin is the biggest power of the crypto movement obviously with satoshi's lesson what we need to remember/follow. Also, DeFi might become a sector for crypto movement in future when it'll be finished its testing phase as most of the defi protocols are actually on testing phases. Where do you see blockchain/crypto making a significant impact over the next decade?
Only onething for this questions: Sky is the limit.
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some people even expect no correction until 80-100K.
Everything possible in this current bull market, but possibility of correction is higher than the number of those people. But it might happen that the rate of correction will be smaller than previous one. Also, it's not sure that correction will be happened within a days because it'll depend on the support level of Bitcoin. On the other hand, Microstrategy will buy more bitcoins in the upcoming days and there is high chance of correction as well because they'll make announcement after purchasing that and market will be in correction before that announcement which was previously happened.
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ETH always will be ETH and many projects will come to replace with so many attractive products. At the end, it won't have any effects on ETH. Also, it's reality that dapps on BSC are having small fees compare to Ethereum and it's just like on kind of hype/trend to participate on those. TBH, only small amount of projects are having real use-cases and most of the BSC projects are shit one without any fundamentals. And surprisingly, those projects pump more than 5x or 10x whenever it's get listed on coingecko because of the hype of that hype/trend. Beware of those projects whoever's using BSC to interact with any projects.
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As far bitcoin dominance is still on higher level and alts season also isn't started yet. But some popular alts are trying to pump and surpass previous ATH to make a new ATH. Also, NEO is also on that way with slow movement. If alt season starts properly, than it won't take more time to hit $200 or even it might make more than that. So, it's just about time to wait for alt season and also beware of fomos not to get trapped like previous alt season.
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If bitcoin hits $80k with this current bullish rally and than it'll be a matter to time to get closure to silver or even replace the silver marketcap. More likely, it'll done within a few months as more and more institutional investment is going and Elon Musk is doing the PR of Bitcoin as well. So, just wait for the right time to celebrate that milestone.
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I don't trust DeFi projects, out of 100 DeFi projects I only trust 6, and these projects are backed by real blockchain experts not some dev wannabes that are new to crypto and blockchain, most DeFi projects are base on hype and after this bull run their true colors will surely be revealed
Maybe, you're holding to those DeFi projects which are in DeFi space before starting the hype of it and it's best to participate only those. Like what you said, is the reality of DeFi market and more users are getting into those projects because of fomo and nothing else. Eventually, the hype of DeFi will downtrend and every hyped projects will become shit one. It's just about time, IMHO.
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