Scam calls/emails are increasing in volume and sophistication.
It seems that at some point much more people will get hacked one way or another.
Re bitcoin...it seems that it "wants" to bump to at least 72K (20% up from 60).
At that point, it would "decide" to either continue plunging or stabilize.
Most trading individuals are on a simplistic side..."it would do what it has always done: -70-80%".
I wonder if bitcoin is capable of behaving in a contrarian fashion, because the "consensus" of cyclists is 29-38K (-77 to -70%).
To me, this would be a test of bitcoin's ability to do something unexpected.
I surely wouldn't touch it with new buys at 29K as miners would be severely damaged, imho, and the whole "store of value" concept would be jeopardized as well since there is no FTX excuse this time. Contrary to others here, I think that buying on the down-slope is the invitation to ruin.
My thoughts are going into the directon of spot ETF and the price levels they were introduced.
Those buys may delay the bearish decrease, down until to around the levels of introduction. (Lemme look at the charts real quick now...)
$45k-ish at mid January '24
Soon after (March) the price went up and hovered around a $65k until November '24, so the level we are at now represents some important mark and we might dance around that for some time, because early ETF buyers are holding up the price, not selling (too much) yet. It's also a level where i could imagine some ETF holders are still buying more at the time, especially those early birds that entered below November '24 prices.
Question is: What will happen if we go below $60k or $45k. Will they hold a negative position? Or most of them? If not, we might see prices sub $40k, and that would be a strong buying signal to those that sold at higher prices, say $70k and above. So if Bitcoin ends up with a capitulation in the higher $30k's this would clearly mark the bottom, imo.
I'd prepare buying down from $50k, gradually, with some manual tweaks on serious dips. For example, if i still have 30% of powder left at $38k after a longer sideways move at $45k, i'd go all-in instead of waiting for lower prices, because i might likely have to buy higher.
At least that's the plan at the time. No financial advice
EDIT: In general i wanted to say that i won't go much after percentages, but after key levels of the previous part of this cycle. This point got lost in the making of the reply, because i got distracted a few times.
Scam calls/emails are increasing in volume and sophistication.
One of the best things I ever did was set my phone to only allow calls from numbers in my phone book several years ago. Sure, when I have to deal with someone new it means adding them to my phone book in order to receive their incoming calls which can take a few extra seconds here and there. The joys of never getting a telemarketer or scam call far outweigh any effort you have to make. I strongly recommend everyone give it a try.
Well...do you still receive texts from those unknown numbers?
If yes, then OK, i can see how it might work and if no, then the risk is too much that you might miss something important.
I'm successfully using an app called "Calls Blacklist" on Android. It has a setting to block unidentified (anonymous, no number showing) callers, separately from accepting only calls from numbers in your contacts.
I was missing that distinction in the system's settings.
EDIT: I was originally replying to OgNasty, but quoted the whole thing.
Another tip (if applicable):
I am using a voicemail/mailbox with a custom text that contains... nothing.
When i don't answer a call, the caller whose number is not in my contacts and looks suspicious is straight away being recorded, after a few rings. Then i listen to the recording, which is revealing call center noises, "hello, hello?" in foreign accents (and the likes). These numbers go to the blacklist.
I recorded the (NULL) answering text by figuring out how to start and end the recording, recording again, and just press start and stop right after another. I call this my "trapdoor mailbox"
Try it out.
EDIT2: Some providers signal the end of the custom answering message with a beep. Sometimes it's quiter, sometimes it's longer, louder, but it should work sufficiently in most cases.
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