 If we zoom out the chart, seems the resistance of the 2017-2018 bull run is already broken now. But I believe, this monthly candle will still recover. Because either drop from below $20,000 is just a wick for higher time, else we will experience again in 2017-2018 when the $19,000 - $20,000 becomes resistance. I am really hoping we will recover the $20,000 level, so current price now will be just a wick. |
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I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k.
(....)
So, this is a chance for those people who were jealous before for people who bought early and cheap Bitcoins before. These people must be got the balls to buy these cheap Bitcoins. $10,000 Bitcoin is extremely cheap. I also started to see some people who are really hoping to buy Bitcoins at $10,000, they started to prepare their capitals. |
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I really have no idea why Zhao thought "rescuing" was in any way a good idea. If I had to guess then I would say it a was a spur of the moment thing rather than an actual business decision. Now Binance is doing "Due Dilligence" or just saying that they are doing DD as an excuse to drop FTX soonish. Talk about shooting yourself in the foot...
(.....)
I believe that those statements released from the side of Changpeng Zhao (CZ) and Sam Bankman-Fried (SBF) just to let the people don't react really well and will not affect the market immediately and after 24 hours when they released of those statements, the market started to tank. And now, Binance released again that they are not interested anymore on FTX acquistion. |
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As we know Litecoin Halving is near so I want to your opinions about it, what are your estimates about the progress of Litecoin after halving, Will LTC be in the same state as it's currently or can we see massive growth in its progress? Please do share your thoughts. Thanks
Litecoin halving for me is really far different from Bitcoin halving when it comes to price actions. It seems the Litecoin block halving is no real effect for the whole cryptocurrency market or even their own. So for me, if the entire cryptocurrency market is still bleeding, this Litecoin block halving will not help the market. But the good thing here is the Litecoin ecosystem, long term is still good. |
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Billionaires or whales are fighting and us retail investors suffering from their actions  To be honest, I believe the recent issue with these exchanges (FTX and Binance) is nothing to do with the recent dumps exclude their own tokens of these said exchanges and other altcoins connected with the issue like SOL, SRM, FIDA, etc. |
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"Is the bear market over? Hard to say, but a lot of the bad news was priced in. With a maximum drawdown of -28%, SPX discounted 85% of a typical 33% market decline and 78% of a recession bear market. I still like the 1946 counterpart-"
No the bear market is not over; what we have now are simple retrace and bear traps. Be sure not to get carried away by the dip and ignore the bad news too. Check your portfolio, and buy the hidden gems you have researched; the right time to accumulate them is now. How we can measure or what is your basis for the bear market end? As I remember before when we were already up around 50% from the cycle's all-time low. Because the time between bear market recovery -> bull run -> new all-time high is very short compared to the time during bear market, it's very long. |
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The case of Dogecoin for me now will also depend on the move of the whole cryptocurrency market cap or Bitcoin market.
As you can see, Dogecoin became an indicator for every bull run we already experienced because, most of the time, we can see Dogecoin is starting to pump and after that, the whole market follows Bitcoin. (Excluded the Elon Musk Dogecoin tweets)
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2) Fear of now: Now that we are experiencing bear season in the community, it will be favourable to remove the spirit of fear, and take a good bold to invest the little money you have in cryptocurrency, and wait to see what you will become in five years time in the community. you don't allow yourself to take the next step because on the subconscious level you believe you are not enough. You can make it like the way other people are making it in the community, if only you can follow the due process and be bold in your steps in the community.
(....)
This is also one of the many reasons why the bear market on every cycle sometimes takes a very long time before the market recovers because the majority are like bandwagons. When we are on peak, they are telling "I'll let it first do a pullback before I enter", but when it happens just like what we are experiencing now, the fear is there. |
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I don’t know who will win, but I just feel like if the CEO of the biggest crypto exchange fudds about competitors, we all gonna loose.
For me, this is not good for the cryptocurrency industry if there will be a loser here. We all know FTX and Binance exchanges are huge and well reputable. Let's say FTX will be rugged and forced to shutdown, then it will be a loss for the crypto industry, regulators for sure will take this as a lesson and become more strict in regulation cryptocurrency even with how big or good the exchange is. |
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As of 3 hours... withdraws have stopped.
Only deposits are going to their hot wallet and nothing coming out. No idea how their bitcoin hot wallet is doing but their hot wallet for ETH and ERC20 is not sending any withdraws.
A few hours ago I was able to withdraw USDT using the TRON network from FTX to my Binance account and it is very good, I withdraw because I need it, just like my normal transactions without any reason about the current issue on FTX exchange. I believe that Sam Bankman-Fried is right, this is because of competitors, they are being targetted by their competitors. |
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Hello all. could anyone explain me what is early access in crypto projects which i have seen commonly in airdrop programs. in post case it is to "submit your email and join for early access"
what is this early access through airdrops and what are the benefits for airdrop hunters??? could anyone explain me? thank you.
I am not a fan of airdrops or being airdrop hunters these days. But what I saw before on a Defi platform I am using is they have this page where they list some of their prospects that airdrop will happen on some chains, not only 1 chain but others too, you can filter it by chain or sort, etc. It's called DefiLlama, they have Airdrop page: https://defillama.com/airdrops |
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If you haven't accepted this and either exited the space or are working on finding the next big project; there is nothing I can do to help you.
(....)
ICO/Altcoins mania before around 2017-2018 was almost the same as this, lost more than 90% of their value for some projects. I believe this bear market or huge drop is just a way to clean the market, scams or not legit projects will vanish, what will remain are those legit and they will recover soon or in the next cycle. The issue here is per project, not the entire ecosystem. |
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I think we are going to see a lot of changes in asia this month, many of them relating to crypto. Countries could run their governments on high TPS low latency chains like HBAR and CNDL. All documents and IDs could be minted as NFTs and people could use digital wallets to make payments or verify their identity. The future is about to unfold.
These kinds of news are already aged, a few years back, there are already rumors like this but the product and use cases are still not here. I am not against with these innovations, there are just some people who is really hoping it will happen in very short period of time and there are also some projects that are really telling sweet words to people about their project and not delivering it based on what they told. |
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 I believe that issues right now on the FTX exchange are because of their competitors. If you take a look at this. Even if Binance will sell all of its FTT holdings, FTX can afford it. Sam Bankman-Fried already tweeted that FTX is fine, and all users' funds are fine too. I really believed with FTX, they are well-established exchange and well-reputable. |
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(......)
After thinking this through and through I started feeling like they are doing this to hold me responsible if something goes wrong.
Is my thoughts right? If you are in my shoes what will you do?
It's ok for me as long as they are aware of the risks, they must not hope that everything will go because we all know cryptocurrency is very risky or volatile. Another problem here is some people don't understand this because they are greedy, they only think of easy money. So if there will be something will happen in the future about their investments, like negative or losses, they can blame you, so you need to explain that also to them. |
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There always pros and cons.
This time around a policy to charge those people with inactive account to avoid dormant one and get back with million dollars in value after years being dormant.
As in crypto it's something very possible for you to put $100 and turn into million dollars within 10 years , this is a 50:50 policy for me.
Yeah, because there are a lot of users that use centralized exchanges to store their funds just like personal wallets. So it is really bad for the customers that will pay the fee for inactive accounts. I believe that these centralized exchange got reasons just like "maintenance fees". I am also curious what if the account got no balance at all in the exchang? Are they closing it? |
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(....)
(....) But when hackers enter the DEXs, what turns out to be even more unfortunate is that its users have no fight to recover their assets, suddenly you can't open their platform and you have no recourse. (...) True, it's like. Before: "Not your keys, not your coins" Now: "Your keys, not your coins" Hahahaha. The reasons here are because of recent hacks that happened on most decentralized projects like on wallets, exchanges, or some decentralized finance (DeFi) platforms. |
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1. Romance Scams The first of the three man-in-the-middle (MITM) scam scenarios we will feature, a romance scam preys on your emotions to distract
you from a scammer’s true, nefarious motive. (.....) There are also some cases where scammers that something like this, where there is a middleman involved. On some social media or forum, there are some peer-to-peer transactions like buying/selling. Since middleman there is also got an account and these scammer will create a dummy or poser account to copy the real or legit middleman and there you go. If you don't verify carefuly here, you will fall. |
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(...)
Is low price a determinant factor to open a trading position?
Not all low price is a good entries. We can't assure you here because a lot of cases especially "Buy the dip" until when is the dip? Because when you are buying those dips, it's like catching falling knives. There are some traders that enter a trade position only if the price is going up again or pullback after a dip, pullback is visiting the previous low after a pump. |
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It is no coincidence that many firms are announcing their entrant into the crypto space. I think that they are taking advantage of the bear market.
(...)
I hope that retail investors or individuals also will do the same because if they are just here for investment then the bear market is their friend, it's accumulation period. As you can also notice, there is a lot of companies starting to develop some software or any platform that will help Bitcoin ecosystem to be more known/easy to access or easy to use for everyone. |
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