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Author Topic: Opinions according to the current market situation  (Read 287 times)
SAHASAN (OP)
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June 13, 2021, 04:34:34 PM
 #1

As my opinion market is to much boring  Angry Angry due to G7 summit, I think whales are
not interest to take any action at this time, Market can show us more activity after ending G7 Summit.

------------------ What's your opinion as current market situations ? --------------------
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June 13, 2021, 08:26:26 PM
 #2

The market situation may seem boring to you but some traders out there are making money out of it. I will speak for myself. I made some profits over the past week.

If you are a spot market trader, you haven't even seen the worst of the crypto market yet. Trust me, when the bear market is on, you will realize that the current sideways market is nothing compared to it in terms of being bad.

Why do people think some meeting between Governments should have an impact on the crypto market?
How does the G7 summit relate to crypto markets for example? Whales and retail traders stop trading because of G7 summit? Grin

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June 14, 2021, 08:11:10 AM
 #3

As my opinion market is to much boring  Angry Angry due to G7 summit, I think whales are
not interest to take any action at this time, Market can show us more activity after ending G7 Summit.
Where do we find a list of topics that G7 will talk about? I think the last G7, they've talked about bitcoin and cryptocurrencies.

What's your opinion as current market situations
It's better compare to the past years. There's a possibility that it will grow more than what it had reached during its ATH. We will not know when but we've seen that there's always the possibility that it will surpass each of its ATHs.

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June 14, 2021, 01:48:00 PM
 #4

how exactly do you expect the market to be fun not boring? Probably you expect 20% daily up, but this is not possible.
But you can get some fun there if you invest all that you have in, for example, Doge, Shiba or any other meaningless product. it will give you extra adrenaline for sure.

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June 14, 2021, 03:16:00 PM
 #5

Bitcoin breaks 40k again looks interesting to me than the rest of the days.

Rest easy, there is always time for pump, you may not like the current market but there are lots of traders making profit out of it, but ofc there are some unfortunate trying their best to gain, its there money after all.
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June 14, 2021, 03:45:56 PM
 #6

As my opinion market is to much boring  Angry Angry due to G7 summit, I think whales are
not interest to take any action at this time, Market can show us more activity after ending G7 Summit.

Define "boring"? You can't expect an everyday action that should meet your criteria.

Rather than taking the current situation as boring, why not just take advantage of it by accumulating at the so-called "floor price". This is the perfect time to test some strategies rather than just rely on everyday price increase when BTC is pumping.

There are coins that currently showing good price movement amid your boring look at the market that's good for day-trading.

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June 14, 2021, 03:53:16 PM
 #7

As my opinion market is to much boring  Angry Angry due to G7 summit, I think whales are
not interest to take any action at this time, Market can show us more activity after ending G7 Summit.

------------------ What's your opinion as current market situations ? --------------------

I suppose you want our opinion on crypto, am i rite? Because "markets" is a very broad term. Maybe you wanted to learn about the stock market? Since we are in a bitcoin forum, I'll go with my instincts and assume that you are interested in the crypto markets.

Well, I don't think G7 will any impact on crypto unless they make a deal and decide to ban it and that's a very low probability.

I'd rather follow Elon's tweets. He seems to be the market mover lately.

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June 14, 2021, 09:38:05 PM
 #8

As my opinion market is to much boring  Angry Angry due to G7 summit, I think whales are
not interest to take any action at this time, Market can show us more activity after ending G7 Summit.

------------------ What's your opinion as current market situations ? --------------------
You mean the price crash is boring? Lol, it shouldn't be boring. It should be very exciting. The whole crypto market becomes a roller coaster ride. You know, its fun to see  those FUDsters popping out of nowhere to spread bs everywhere when the price crashes. More fun to see those people fall for it. At least during every crash, more and more people gets to learn a lesson - "You only make a loss when you sell". And don't forget, more opportunity to invest.  The current market had nothing to do with the G7 summit. We are seeing a rise after the end of the summit, but it's just a coincidence.

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June 14, 2021, 11:01:28 PM
 #9

Of course, there's no infinite growth in the market price movement and that's why you feel it boring on your side.  But in fact, isn't, the market situation probably people are keep holding as they saw recently that the Bitcoin price has finally a resistance and it could have growth after a few days.  The recent spike for sure make the market again busy and as you can see the mempool space, Bitcoin transaction slightly increased compared last few weeks.

G7 to honest is irrelevant to this situation, if you're a crypto trader, you were always monitoring the situation on the market whenever you are.
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June 15, 2021, 04:38:38 AM
 #10

Try to see this boring market in a positive way. With cheap bitcoin you earn more coins working online. Although the online jobs pay too little, it's a good opportunity to collect pennies everywhere and exchange it into btc.
As soon as the bear season ends, you will see the benefits of doing this. Better to be most prepared as possible for the next bull run that is going to happen when it has to happen.
It's not possible to make any accurate predictions yet. That is why it's more interesting to work with crypto currency always thinking on long run.

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June 15, 2021, 09:06:18 AM
 #11

I don't see the market as being boring right now. I think it's a great time to be buying and I've been trying to do other small projects to earn extra cash so I can dump it into the market. Things might seem a little slow right now, but that gives you more time to do research and try to load up on coins and tokens!

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June 16, 2021, 08:28:33 PM
 #12

When we think that market is not going to show any kind bump or dump due to something then its time for the whales to manipulate the market, they are waiting for the perfect moment to get into action, if my assumption is right there will be a short bump soon because everyone come into a mentality that the bullish trend is over so whales will initiate by bumping the price and will hard dump it.

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June 16, 2021, 10:18:51 PM
 #13

As my opinion market is to much boring  Angry Angry due to G7 summit, I think whales are
not interest to take any action at this time, Market can show us more activity after ending G7 Summit.

------------------ What's your opinion as current market situations ? --------------------

Why do you see it boring? Maybe you only like those pumping hard moments? Maybe try to test the waters on the current market level there's an opportunity to earn with current volatility and all you need is not to be greedy wanting for more profits. We know the market is not always in good shape so for you not to get bored better buy some and intend it for long time holding since you will get a better result from it in future.

R


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June 17, 2021, 02:15:27 PM
 #14

The current market is in a down phase, BTC price will move sideways for some time to come. there is a chance that it will retest the 40k~45k zone after the G7 conference ends or longer.

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June 18, 2021, 12:14:21 AM
 #15

I think that the current situation will last until the end of the summer at least. After that, I'm hoping to see a recovery starting. Otherwise, I don't know whether we could see $60k again for Bitcoin e.g. in this year.

R


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June 18, 2021, 02:07:18 AM
 #16

How it becomes boring to you that despite there are some traders making profits in it.. And also the market made an improvement indeed, wherein for in the past few days and its now holding near 40k FYI..  So is that not a good sign for you? Actually there are some positive news as well except that G7summit like what you have mentioned above,maybe you're not updated in my view.. Grin

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June 18, 2021, 02:23:07 AM
 #17

Just enjoy the current market conditions, think of it as an exercise to hone our skills in trading. If a bear market occurs, we must be ready in any situation that occurs in the market.
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June 18, 2021, 03:36:49 AM
 #18

The problem is that people tend to think that the market will always go on parabolic rise. This is not the case, we have enjoyed the bull run, reaching as high as $64,000 and obviously as some point the price needs correction and that is what we are seeing right now.

Others point that we have reach an overbought zone in April, so right now we are in the sideways pattern. Nothing wrong with it, we just need to be patience, and I'm sure the market will go lively again in the last quarter of the year.

Doesn't matter if there is a G7 summit or not, it's net effect will be short term.

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June 18, 2021, 04:03:21 AM
 #19


where do we see that the market had many activities after the G7 summit?

i will probably relate this to whales accumulating more BTC since the articles surrounding these days is that more institutions adding BTC to their balance sheets.
while G7 seems to be planing some sort of their shenanigans, i watched interviews on NBC News all the way to the end and Putin seems not interested in their plans.


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June 18, 2021, 06:07:23 AM
 #20

No, this has nothing to do with some random political activity in the world such as the "G7 summit" as you suggest and this is not the first time bitcoin market is calm, they are more common than you'd think. This is also not so boring for those who are accumulating bitcoin at a discount. They love this low price to stay around longer so that they can buy more bitcoin before it launches to the moon.

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