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Author Topic: Your thoughts for half year  (Read 890 times)
tippytoes
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July 27, 2021, 10:16:59 PM
 #121

After the news about Amazon want to accept bitcoin it very give all of the comunity fresh air to breath, it always be nice seeing good news like that after the bloodbath. After this news it make me more confidence BTC and any other coins can rise like previous year.
Obviously, I also feel happy because of the news, so the price of BTC is now starting to approach $40K again and I am very sure that in the near future the price of BTC will approach $60K again if some big companies are willing to accept BTC.
we need official statement to make sure it is not fake news to pump bitcoin price. This source only from insider which is could be wrong or media just create this news to manipulate market.  But if Amazon confirm it , real adoption for bitcoin or other coins could started in big space. Demand will created which is come from amazon customer.

Based from this article in coindesk = https://www.coindesk.com/amazon-no-we-have-no-plans-to-accept-bitcoin-payments, it seems the news saying they will accept btc is fake. Seems that the insider may be a bogus one trying to influence the market. But who knows, they may really go into crypto payment, but maybe not this year?
But in general, I feel that we are doing good despite of the several price corrections that we have, which is normal in this market. We are now enjoying the above 35k level, which is not bad in my opinion. Only this year that we have this price level. So just be grateful for what we have now.
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July 28, 2021, 07:59:57 PM
 #122

The year 2021 will be extremely difficult for all of us who have worked so hard to achieve our crypto goals, and what I am going to observe are both red and green signals. Everyone benefits from the possibility to buy, so don't pass up the potential to profit. This year will be lucky for us if we learn to limit our greed, because despite the pandemic, many people never leave crypto and fortunatly, many people never leave crypto.

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July 28, 2021, 10:15:02 PM
 #123

After the news about Amazon want to accept bitcoin it very give all of the comunity fresh air to breath, it always be nice seeing good news like that after the bloodbath. After this news it make me more confidence BTC and any other coins can rise like previous year.
recently Amazon deny this news , at this moment they said have no plan to accept bitcoin or other cryptocurrency in near future. Maybe they could lie about it but the demand from their customer to accept bitcoin could change their mind. This kind news was really needed by market now , we've seen many time fud and its should turn to positive news. China or some else  have no idea about next fud , everything already released. 

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July 29, 2021, 08:28:50 PM
Merited by shogun47 (2)
 #124

I am glad the 30k level is still strong, it is true that we went down below it for a time but this is natural, what impressed me was the reaction of the markets since we are at 34k now, so not only the market recovered it also went up significantly and it put some distance from the 30k resistance level, this tells me we are in an accumulation period, the whales do not want the market to drop that much but they do not want it to skyrocket so they are buying coins slowly, and once they are ready they will look for any excuse to pump the market.

While I mostly agree with what you say, we should not forget that some are still shocked about the price. When you invested at + $60k, it still hurts looking at the price. While we are alright now as you say and I agree, we are quite a bit away from the ATH. It doesn't seem to be an easy way up as those buying now also have an incentive to already sell again below $60k. It needs a very strong momentum to return to ATH levels.
It is true that those that invested near the ATH were not expecting this, after all they would have expected for the market to keep going up only to realize they choose the worst possible time to invest in bitcoin, however even if a recovery to those levels seems far away I do not think it is going to be as hard, people are once again afraid that inflation is going to go out of control and that means that people are going to want to invest in bitcoin once again.



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shogun47
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July 31, 2021, 10:31:43 AM
 #125

I am glad the 30k level is still strong, it is true that we went down below it for a time but this is natural, what impressed me was the reaction of the markets since we are at 34k now, so not only the market recovered it also went up significantly and it put some distance from the 30k resistance level, this tells me we are in an accumulation period, the whales do not want the market to drop that much but they do not want it to skyrocket so they are buying coins slowly, and once they are ready they will look for any excuse to pump the market.

While I mostly agree with what you say, we should not forget that some are still shocked about the price. When you invested at + $60k, it still hurts looking at the price. While we are alright now as you say and I agree, we are quite a bit away from the ATH. It doesn't seem to be an easy way up as those buying now also have an incentive to already sell again below $60k. It needs a very strong momentum to return to ATH levels.
It is true that those that invested near the ATH were not expecting this, after all they would have expected for the market to keep going up only to realize they choose the worst possible time to invest in bitcoin, however even if a recovery to those levels seems far away I do not think it is going to be as hard, people are once again afraid that inflation is going to go out of control and that means that people are going to want to invest in bitcoin once again.

Good point and indeed inflation is going to be out of control. In Europe a couple of countries have inflation levels that they didn't have in over a decade. That is a big plus for Bitcoin and we will see in how far the inflation is directly correlated with money flowing into Bitcoin. I hope there is a strong correlation, but Bitcoin isn't alone. A good chunk could also go into precious metals.

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