I'm more to the side of believing that the movement would continue going upward till 8.5k, and only then could the market encounter a possible resistance. Of course, this feeble assumption is made towards the fact that the increase in price is a cause (may be partly) of the continuous tensions between Iran and US, with just recently Iran sending more than a dozen missiles to the US troops ( or something of the sort). Probably a cause for the Irans to trade their fiat to BTC quickly enough.


$10,000 is honestly a way too high assumption, especially since the last pump of such huge push reduced BTC to staying at 7k for 3 months, which is honestly not a good thing imo. I just hope it doesn't happen and a gradual push would occur instead.

There's a possibility of altcoin joining the bullrun of BTC, but it's kinda small since most of the traders would have their eyes on BTC, since if a bullrun ever occurs, BTC would be the one giving out the most profit out of it. Also, even if currency goes down, that doesn't necessarily mean that BTC would go up. Countries that banned crypto would require traders to go to a foreign country and convert their fiat to the country they went to, basically using the fiat of the said country to trade.

Also, a $3k start and a $7k end, where was the drop exactly? I mean, yes, ATH last year was around $13k, but considering the entire year, it's still a price increase tbh. I see no reason to describe it as "Drastically dropped".

There are solutions prepared for that. And if they haven't implemented it yet, just means that they lack the preparations for it and/or the world isn't ready for it. Most likely it is the former reason, but you never know. As for the USD based tethers, if a USD based crypto currency is made, they would just need to swap it over to that, but in the end their existence would honestly turn into nothing. It'd pretty much become over redundant if US made a USD crypto currency and at the same time tethers that are USD based retained its existence.

Also, the collapse of USD may be too early to say tbh. I mean, it has stood for a long time already, and I'd think another decade or so is needed to actually completely uproot it from the world.

Idk when you made the analysis but it seems it was before the 7.8k was breached. Currently, the highest the price has reached for the week is 7.9k, and just lacked that bit of momentum to push for an $8k breakthrough sadly. Maybe because of the failure, the price has seen a decline, approaching the 7.7k closely. The price has already dropped from 7.9k earlier to 7.8k right now, and it doesn't seem like it intends to contend to another push. Might just be preparing and actually holding its charge so it could push through the $8k level though.

Without tax though, the government would cease to exist and improvements towards the country would stop. Kind of like the same concept why Exchanges ask for transaction fees/exchange fees, all because they need money to manage their exchange, as well as to promote its usage to increase volume traded and possible improvements in terms of front end and back end issues. Also, if we were to ever to completely use Crypto for everyday transactions, companies would hoard the coins cause of the payment done to them right? Same with the government with their public facilities. Probably think of a possible fix for these types of issues, especially since the supply of BTC is limited after all.

Well, the price pump was relatively slow, compared to the unstable pump of October where in the same time frame, price increased by $1000 or so. Instead of a sudden dump because of this, I'd hope for a sideways movement with the price going down a bit as the general movement, but would stay above $7.8k I'd say it would take the market to get used to the price by 4-5 days before starting another new movement. There could be a case just like the November - December movement where it kept going sideways for quite some time, but seeing as it is the new year and possible influences of the halving approaching, the said situation could potentially be ignored.

We are still in the bearish run after all. Considering the Mid year of last year till today, you could see that BTC hasn't made a successful jump over the $13k barrier set by then, and even exceeding the $8k barrier this past few months have been considerably difficult. Just hope that the pump right now is a sign of it trying to break through, and that a 5% increase today could be enough of a foundation.

Probably try multiple deep learning analysis then compile them into one system that analyzes the entire concept of the said combination? There's a lot to take into when using Deep Learning and having data as the news received since a person could have different opinions regarding a news depending on their country of growth. Taking the number of countries in the world, plus the amount of news circulated everyday, that would take a enormous amount of processing data that would probably put a strain no matter how fast or big a system is. Probably be better if categorized based on country and type of news, whether it be a positive, negative or something of the sort.

There are a variety of charts that are made in the scene and reading them may take different point of views, so there isn't really only a single way of reading them, just like how there isn't a single way of creating them. Take your time, and just watch youtube videos about analysis and try and take it into your hands HOW they came up with the said analysis. Don't worry about making a mistake, and even if you do, don't ever be afraid of being corrected. Experience is your friend when studying and analyzing charts. You can try and look up about Line charts first and foremost, and proceed to other types once you think that you're done studying them.

Since you're going for daily, a minimum of 1% should be enough. You wouldn't really want to lose much because of a single trade, and since your looking to do this in the long term, that much should be quite enough. I'd advise you to separate some money though. Invest some of them for day trading, and convert the others to the coin you want for a long-term investment. That way, you have both avenues secured, and if the coin ever grows to reach greater heights, you'd be making much more profit. This requires a larger capital though, so be careful with budget management.

I just hope this doesn't escalate anymore than it already has. I mean, BTC growing is nice and all, but for its improvement to stem from a war since kinda negative on my part. Also, taking into account Iran as a country, It could push the price. But by a bit. Only a bit. The currency of Iran is pretty week, seeing as 1 US dollar is worth 33333.33 Iranian Rial, you could already see how much discrepancy there is between the economy of the two countries.

Uhh no it didn't increase the price of BTC to $24000 BUT citizens of Iran bought BTC at $24000 is the point of the topic. Which technically, in some way or another, influenced a push to the price of the BTC by a few hundred dollars. So in a sense, the topic title is true, that Iran citizens were forced one way or another to buy BTC at skyhigh prices. Note that it's only limited to Iran though.

Hasn't it been always as such? The only reason bots aren't that used by entry traders is because they lack the knowledge of determining whether the bot is actually doing its work or not. There's also taking into account that using bots requires you to trust its creator, which is pretty risky imo. Only self-made bots are actually trust worthy, and since some don't know how to make them, they lack the avenue to actually try them out.

As for possible wild swings, every now and then may be possible but it shouldn't affect the market in the long term. Like, traders using bots are also traders, having large swings like that is only detrimental to them as well. It defeats the purpose of letting the market grow so that they can profit from it as well.

Pretty great article. Usage of graphs was well done and made understanding the terms and process a lot easier. I often had difficulties in managing my Portfolio in the past but experience taught me quite a bit of things about them.
I'm pretty sure OP is abiding with the law of "Invest what you can lose". I mean, that's one of the basics of the basics when it comes to trading and investing. Even with gambling, that issue is always considered before entering the scene since as you said, The crypto market is way too volatile, especially if you're trading with the famous coins since they always change unexpectedly every now and then like BTC, ETH and others.

No. Unlike BTC, Fiat which is governed by the government themselves requires inflation to boost the economy of their countries. Fighting it over a coin of which is not controlled by anyone nor could they control is kinda stupid in of itself. Besides, the FED already has plans for how they are going to manage their economy, and BTC being a factor should have been taken into account to it as well. If they didn't, that would make them quite inept at their job right?


I doubt they are unhappy, more like they are fully taking advantage of the fiat system, which really caused the global debt to rise to quite the heights last year. As for crypto being a threat, I'm pretty sure some has already acknowledged of its existence and the possibility of it overtaking the currency system, but the only thing they could do is to ban most of them in their countries. Look at how China did as such, but most mining groups are still located in China.

Contrary to Popular Opinion? Where'd you get that? I'm actually pretty sure that the popular opinion right now is BTC achieving another ATH all because of the halving of May 2020. If we base it on that idea, and compare it to past halvings, A movement of downward to sideways would most possibly occur this year till December. Only after the year has passed would the market move upward towards a new ATH which is just like how the past halvings gave Bitcoin another ATH every halving.

Euro? I doubt that. US is has quite a large reputation, and even if the debt is already way out of hand, the common populace still believe USD as the global currency. Plus, if your determining safe asset through price, that's already a mistake. Chinese Yuan would make a lot more sense as a choice tbh. There's also the issue of why are you depreciating Gold as an asset? Unlike USD, its fully backed by itself, which is a hard asset, when compared to USD which is backed by the "words" of the government. Which is more trust worthy at that point, gold or usd?

No it doesn't. It's more close to something like Awareness day for traders and investors, especially those new to the scene. It reminds them of how untrustworthy the wallets of exchanges are. Which is a pretty nice yearly event/tradition, considering that newbie users often come to the scene every now and then. And since they refuse to acknowledge some of the tips traders give out, giving them a yearly event which signifies its importance should give them a bit of a wide eye regarding it.

Anw, as for the price, nope. Close to no effect in the BTC price. I mean, heck, it just relates to BTC being transferred from exchange wallet to private wallet. It doesn't make the traders trade them for USD or some other coin. The transfer generally takes a few hrs at maximum, so any whom would want to trade on the said day should still be able to make it.

Well, I hope BTC develops, but not because of a war please. Like, this just makes it look like BTC is taking advantage of the war to spread its influence. Yes, we all know how dollar is sht right now because of how the government has managed it and has turned it to be to what its state is right now, but a lot of people still acknowledge it and has no idea what is happening. It overhauling the US would look like an usurper to most of the populace, which is imo, a bad image for it. Especially since most of the government has refused to acknowledge its existence.

Well, the war may be coming and any currencies they currently have is already rekt. Even without it, their economy has already stagnated their development so it is pretty hard to rely on their currency as of yet.

I doubt it would change though. I mean, there hasn't been much news regarding possible opinion changes of users that could change the rate of demand to supply. There's the idea with Iran buying BTC at high prices but... I doubt a single country could change it much. I think only a few traders in Iran would actually follow the idea of buying BTC for high prices. It's enough to push it up for a bit, but only by a few hundred dollars. Well, Obviously. It would need to pass the $8k mark before going up any more. Seeing as the latest movement has reached $7.4k, reaching $7.5k could be possible in the next few days, but without anything to push through to $8k, Like a big news or such, it isn't possible for BTC to push. The $7.4k push was recently attributed to Iran buying BTC at high prices in their country so yea.

Well, the player is the cause for a good and bad result of a strategy. I mean if you follow the strat to the last word, could lead to a potentially stupid loss since the person himself doesn't know how to adjust properly in various situations. On the other hand, impulsive reactions could lead to huge losses, just like the bluff OP has presented.

Though tbh, Bluffing is a huge weapon of gamblers. Have lost to them quite occasionally and have often used them myself. Just that... Me using it hasn't really brought any benefits or at least has made a close enough win to offset my losses from it.

No? I mean, Bitcoin, with its 10 years of existence,  has never seen anything close to a manipulation that caused a pump or dump to it. Although if you're considering the movements of Bitcoin right now as pump and dump, which is not, cause its just market movement, then I'd actually say Bitcoin is going to move up or increase in price for this year. Halving is near and even if we don't take into account the halving, there's absolutely no reason for the price of the market to go down. Just look at the past 2019, Bitcoin started at $3k as a result of the bubble of 2017, but then ended with $7k which is a complete rise.

Its not really a pump though, just the natural movement of Bitcoin. Market pump is the artificial inflating of price just so you know.