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1  Alternate cryptocurrencies / Altcoin Discussion / The current world market situation. on: March 09, 2020, 07:09:30 AM
If you don't understand the effect of Corona on the global economy ! In the last 8 -12hrs , the US Crude oil is down by 31% , UK oil by 32%,  BTC by 12% and more  and other trading pair are falling deep. Crude oil seems dead now because they can't export it. Traders and investors needs to be careful now. This might be an unprecedented global recession. Now is not the time for long term Investment in real estate because when it goes bad, all those investment will be sold for pennies. So please hold your cash and follow the news.

Someone will ask that the funds that are leaving crude and stocks, where is it going ? It's simply being rolled into Fiat because everyone is careful of Investing at this time.
2  Bitcoin / Bitcoin Discussion / Simple BITCOIN Analysis on: February 15, 2020, 08:29:21 PM
Everytime Bitcoin price drops, there is always buying up for the price to reach a new high.

Everyone might be used to this pattern by buying the dips at every new high lows form without minding the risk with the hope of always bouncing back.

What will happen is that there will be a lot of people that will buy at every high intervals and could lead to a big market correction where people will be forced to sell at loss.

No one knows when this will happen , but the fact is people that bought high will get tired after several wait for the bounce back to happen which will lead to sell off to cut loss.

There has been more than two bounce back recently that lead to new price but now a trend line has been broken. This calls for a big caution. Market could go deeper or higher. Let's remember BTC has a mind of its own.

Trade safely .
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