Resistance no longer.
I actually think that if we see some bullishness in the coming days, $50k can actually be established as support.
The crypto markets are more mature now and the volatility indices have dropped off quite substantially, and I think that there is virtually no way we are going below $50k for an extended amount of time now.
- Just when we thought resistance was gone and ready for a new season, the sellers started creating a new resistance and it was only slightly above the old resistance but frustrating enough for the buyers, bitcoin has once again been pushed back to the old ranges by resistance and a large amount of money has been liquidated. Based on the blinking red candle in the moment, the bullish frame has completely disappeared and fallen into the red zone, showing a weakness of the buyer position, it's hard to believe this is only a few hours after we're satisfied with a good week ahead of bitcoin |
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I will use about 80%(About $2000 per day.) of my funds every day to invest in cryptocurrencies.
Can you give your suggestions? For example, 20% btc futures, 20% altcoin, 60% btc spot.
And how are your funds allocated?
You have plenty to risk , but why Futures? and besides you have mentioned about being investors and just wanna enter trading , Why not focus instead in investing , i mean semi long term holding? Buying crypto such as Bitcoin and the following 4 ranked coins will keep you safe and hold atleast a month or 2? until you finally understand how this market goes and then full blast your trading . - Futures trading is a very sharp knife and when we are just amateurs in the kitchen, this knife can accidentally cut into our hands, once the length and depth of the cut is too horrible, that is also the time when our assets cannot be saved, the consequences continue to be pumping more money from altcoins or bitcoin to maintain life. Almost everyone knows the future is an abyss but many still like to jump in, staying at peace with sanctuaries like bitcoin and some altcoins promise is always preferable, no matter where we sleep we don't worry about dawn tomorrow |
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If you want the top few for long term than focus buying.
BTC, ETH, ADA, SOL, VET, XRP.
Stay away from Meme coin. These all coins i shared have very good projects. And Good news can increase price.
- When you talk about rejecting coin memes, I think you should put XRP on the list of meme coins, even though it is currently ranked among the top altcoins but its data and operation also emulate the style of doge coin and meme coin, maybe its reputation can assuage the real risks of meme coin but not suitable for long term needs, especially I don't find the next good news while the main news is still litigation and litigation has not been answered. Sol will probably be at the forefront between now and the end of the year, the charts and news are so beautiful even if bitcoin turns around |
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Bitcoin can be said to be high now, at $52k I don't think any poor people can afford it, they have to look for new projects that are still developing in order to get the same big profits at a cheap price, that's a good solution in my opinion.
What do you mean poor people can't afford it. I wonder why you assuming that the people have to spend the whole 52k to have bitcoin. I know they can't afford a bitcoin but i'm sure they could buy 1 satoshi. But the return of investment if we buy bitcoin right now is lower than we invested in new projects. But the risk is higher if we investing for a new project. So the choice is from the investors itself. - The reality today is that people of average economic level and above, they are no different from the poor, if bitcoin for example is a giant cake, they can only buy the outer layer or a small portion of the cake, this current expenditure seems very expensive, I am also an existence in the example of that economic level but it does not imprint on my mind a sign of giving up, the cake supplier does not limit buying and selling. This is an online country with absolute equality of rights, the poor can still go up even though they are too poor and have nothing in hand. |
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I don't think your purchase will be right now. If you notice a little better, you will see. Many projects are currently being launched in the Sol chain which is a maximum success. If the scammers take advantage of this, it will have an impact on Sol. Also it will be a correction due to growing very fast. It can go down to 80-100$ again.
- Few projects can go a straight line without a hitch, Sol also belongs in crypto and bears the collision rules of resistance and recovery, which means that if Sol doesn't have the surprise of being enlarged and pulled out, Sol will definitely head to the bottom to spread the formation and add more stamina before taking off for the next flight. I haven't looked at Sol's daily candlestick chart yet, so can't give a reasonable buy level but Sol is really under the cover of many new contracts and projects, investment in this ecosystem will be mainstream this year and the next |
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The value of BTC and ETH is determined by consensus.
The value of BNB is determined by the credit of CZ, but it is threatened by regulatory policies. If Binance goes public, the value of BNB will rise or fall, I think the value will fall because the value of BNB will be decoupled from Binance’s profit .what do you think?
After Bitcoin, if there is any coin to be preferred, it is Ethereum. Binance Coin may have received a massive response in a short period of time saying its transaction fee is low but it is still new to the market. But, it will never go to the same level as Ethereum. Its price is rising only because the Binance exchange is supporting BNB. On the other hand, Ethereum's real-life utility is higher, which is the reason for ETH bull. - Ethereum is not surrounded by the colors of rainbows and legends, although the community ascribes to it a few principles of precedence it is not an exception, quite a few other altcoins are considered rivals while for bitcoin, its life is lonely and there is no ultimate competitor, so even though ethereum has more practical utility but the community hasn't certified it as bitcoin, binance coin can still be pre-certified as long as it tries. Don't just describe the cost, describe other benefits of binance coin with the help of the exchange, almost possesses more echo than ethereum |
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what is the effect of increasing the number of altcoins on bitcoin,,I don't think there will be any effect,Overall, people can see Bitcoin as a less risky and more secure investment option. Meanwhile, altcoins (at least for the most part) fall into the ‘gambling’ category. New altcoins are usually very risky, especially when their market cap is low.
- Well, the fluency of your comment coincidentally explains the wonder of how altcoins affect bitcoin as it recruits new warriors, one thing exactly we can see is long lines of people were kept waiting in line to wait for a bitcoin purchase, its reliability is much better than the number of other gambling altcoins, the implication for the increased number is just to mark the importance of bitcoin to the crypto market, crypto can mass produce similar positions but the first code is still indestructible. |
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maybe this is because the current bitcoin price is still unstable so that miners have not received a significant profit from the bitcoins they invest.because the bitcoin price process is very influential with an investment that we are currently involved in so that it has not been able to provide the desired profit. relative to bitcoin miners in their investment
- Bitcoin needs to at least go down to create an ideal environment for miners to revive their mining power and speed but since the historic collisions in 2018, bitcoin has no longer had the opportunity to go down too much, the river of bitcoin mining history has since disappeared little by little, equipment is damaged and liquidated quite a lot by old miners, new miners are also unlucky due to high demand for graphics cards, initial costs have been inflated. Now that bitcoin mining is very trickle, devices are also turning to altcoin mining areas with more computational potential |
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$15,000 is a big capital for me and I really think there's no problem earning $5,000/month I think with that kind of amount you will earn more than $5,000 but still depends on how good you are in trading I for once managed to earn more than $12,000 from my budget of $3000 in less than a day through leverage but I can really say it's risky I got -$1500 first before reaching $12,000.
- Your self is already a good proof of the impossibility of this quest, the decrease in wealth will be reduced to almost an absolute minus because your budget was a relative loss the first time, agree that you have a strategy in time to mix and make a profit but your budget can still break in the second and third, even more times. Leverage battleground has no tolerance for most users, one month may succeed but the next month may fail, never easy with a profit even though our capital is large |
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The presence of cryptocurrencies is still reaping the pros and cons because it is considered speculative. However, the fact is that investing in crypto money is able to lead some young people to become billionaires.
So I totally agree. The presence of bitcoin or crypto currency has been able to revive the economy and give birth to new rich people. this is so awesome...!!!
- The achievements with bitcoin are very limited, although many images represent quite well and are worth a reference, but as statistics over the years with the crypto market, more than 90% of users will suffer losses when engaging in speculation and trading, instead of thinking it's revitalizing the economy, I feel like bitcoin is bringing everyone together, fighting for each other's wealth and only a few strong mobs have the power to take the initiative and succeed. |
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I don't know what bitcoin addiction means here, is it the same as people who like/hobby on an object who will always look for and collect these objects. Or is it the same as people who like to gamble will bet on a price? but whatever the form of addiction is as long as it is positive and feasible, why not...
- Agree, many people explain bitcoin addiction as a painstaking process of buying bitcoin and opening their eyes just to check the price of bitcoin then living a day with dozens of bitcoin value and information reviews but honestly this is just as good a habit as we go to the gym regularly, instead of having a health meaning, we are here with a physical meaning in bitcoin. However, it is also necessary to have a regime that follows science and is not governed by it, absolutely don't fall into bitcoin trading addiction, unreasonable regime will greatly affect psychology as well as capital |
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Hello Guys,
Trx, Zil and SXP, I am wondering between these 3 coins. Trx can x10 go 1$ like ADA?
Thanks for advice.
trx being my first choice. there are special reasons about trx that make me interested in owning trx, including low transaction fees. This makes TRX a coin that anyone with a small capital can own. trx is also a long term asset that has the potential to have hype like dogecoin I'm still optimistic that trx can go to $1 - The cost of ownership seems to be too low combined with Trx's popularity in the ratings, it became a target that was shot by many arrows from different regions, from new investors to small investors and diversified investment compositions, the overall density of invisible buyers becomes a pressure on the bulls as well as how this network can increase prices. This area is too egalitarian and only relies on transaction costs as well as system development to go up, the turtle can always crawl to the finish line but time is something we should hate |
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It's not possible to happen with shiba inu, the total supply was very high and with such value, and this will be worth a hundred billion dollars. That market cap will not be worth the token that is only pegged with the swap service as a product and there's not a lot of people are also using it right now.
I can't deny that if anything can happen in the crypto but i should also remind you that if supply was playing a very important role to make the price will be going high easily.
I think that people should know that if 1 cent is almost impossible for shiba
I agree with you regarding the oversized supply of Shiba. but several other factors can bring crypto to such a high-flying moment. in the case of ethereum and dogecoin of course we see a very large supply as well. but things will be different when the product and market make demand increase. if we talk for now of course it will be difficult. but if we talk about the future, I guess there is no limit for every altcoin to reach the top. - The integration of products and technologies into the platform could be one of the reasons that could seduce and boost Shiba's demand but what would your opinion be about the odds of this happening, 5% or 10% or just 1%, it can be said that the odds in our heads will be very low about Shiba, there are no limits in the vast sky but practicality should still exist to get rid of excessive fantasies.The person who asked on this topic was probably the one holding onto the Shiba Inu, prolonging the futuristic drawings only made him more tormented and more contemplative about his decision to sell the Shiba Inu. |
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It's nice that you are comfortable with your trade and you have peace in spot market trading, some veterans choose leverage trading because they are confident enough with their analysis and yes they can take that risk since they can afford to lose it. In other words they don't care even if they lose it in leverage trading since they are ready whatever the outcome is.
- I think veteran traders are extremely concerned about loss and they even configured the failure images in memory before engaging in leverage trading but a quick profit still runs out sequences of successful images and stacks on failed images, their conscience was clouded by an image of a trader at the top of leverage trading. The joy of instant traders is a calm and never worry about liquidation while the joy of leverage traders is how their hearts jump to the beat with their predictions and bets on the price going up and down |
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Shitcoin has been trend in cryptocurrency now, I don't like shitcoins because they always give me loss and Crypto has been a joke due to these shitcoins.
Your Question is Why are we still holding shitcoins. What can we do except hodl because the gas fee is higher than token price so if we swap them then we will get loss.
- Sometimes we also can't swap as the listing will be removed one by one on most exchanges and that shitcoin becomes the grudges on our wallet, can't give up and it lives like a parasite, shifting our attention to other altcoins will reduce the obnoxiousness of these shitcoins. However, except for this mandatory case, many people also like shitcoin moon plane fairy tales, they keep those shitcoins on exchanges and wait for the bull season to come, these positions in turn have a very high chance of flying because capitalization is extremely easy to manipulate |
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One of the ways that I am doing to earn money in crypto nowadays is the blockchain game, there are so many blockchain games nowadays especially when the Axie Infinity becomes a trend in our country, Axie Infinity, Cryptoblades, Defipet, Plant VS. Undead, these are the blockchain games that I am now playing and earning money. Axie Infinity gives me the highest income among these 4 blockchain games. DefiPet is not yet play to earn but I think that it is really a good game and will be good in play to earn as well by the 4rth quarter.
I am also doing staking but I don't think that it is profitable as I only earn a small amount of money there so I stop doing it.
- Axie Infinity is causing quite a bit of outrage in my country, the media sites only know about income and methods of making money with this game but the unclear instructions and explanations made quite a few people invest a lot of money in Axie Infinity while SLP is the token name and serves as a reward in this game, it is in the red price zones and if too much money is invested at this point congrats you have a heavy loss. Other games are not in my experience plan but NFT is not a good way to make money |
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What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
I think it's difficult. being a crypto fan won't bring much support. so this is not a determinant of whether he will be elected or not. because crypto is not an important issue in every presidential election. Just look at yesterday's election, how did Biden increase his popularity. although he mentioned crypto, but he did not make crypto an important discussion. he only focuses on immigrant and other social issues. - His mention is also just an ideological background on progress and future updates but his support cannot start from such thoughts, americans pay more attention to what a president can do for them after they support, social policies and political regulation are more necessary topics, determining which countries to partner with and which countries to become enemies with. Overall, bitcoin is probably a hobby and people wouldn't use such a subjective factor to sum up for an election. |
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I use Binance P2P as I met many local sellers who always help me withdraw anytime I want. Besides Binance, I use local sellers in the other place.
The only reason why I use P2P rather than exchanges is that the P2P services are faster than the exchanges. The exchanges can wait for one day to complete the transactions but the P2P can complete in just less than 15 minutes.
- Binance is a good platform for P2P trading, we can meet local merchants and the exchange will be smoother with people with similar languages but lately a few complaints have surfaced, binance may be less in control of p2p transactions but as this is their playground, I think they should take a little responsibility. The exchange rate should be fixed and cannot be changed once the transaction has been made, quite a lot of sellers are intentionally changing these rates to cheat and scam |
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Pancakeswap is fascinating with a variety of forms, so we can make more profits. The trend of using DEXs is growing in popularity and with a leading product from BSC, this only takes time to prove. Basically your $100 goal is pretty big, I think it will take a long time for it to happen.
- I don't think this is a big target for the market this year, especially a product that stands in the name and reputation of binance and its network, Binance is paying a lot of attention to how users see it, when it is looking to grow and compete more, so its top products also need to be favored, the empty market can be scary but the crypto market is crowded, even narrow, every good crypto is an opportunity. Another potential is the rudimentary projects that want to cooperate with binance, through pancake, it will be a better destination before coming to the main area. |
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I do advocate Bitcoin but, not all good things last forever, even good people die everyday. In short, Bitcoin may still be able to not survive. Not because it's not working properly or because it's not a scam, but because we still have a lot of naysayers out there. Governments, Banks, Individuals, so many challenges that the crypto community faces. Though, everyday, the chances of crumbling reduces but, until we outnumber the others, we are not standing on real solid ground.
- Agreed, an example of good things that don't last forever is the recent scandals of Chinese actors, they seem to be angels and are the childhoods of many people all over the world but in just a few conversations and network exposure, quite a few famous actors have revealed their fake and criminal faces. Bitcoin can also be such an actor, good features and no scams but one day, an underground name spread rumors and fake evidence about bitcoin, forever angel in our community will be killer with smiley face, life expectancy also follows that end is no longer endless |
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