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Understanding crypto
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what to do in a crypto market downturn #Crypto #bitcoinupdate #BTCUSD
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Отказ от отговорност: Включва мнения на трети страни. Това не е финансов съвет. Може да включва спонсорирано съдържание.
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we dont have any concrete forecats for btc folks as i dont have proper confirmation for a rally yet though that's what i lean towards. every time i think it's breakout and rally time, Mr. btc pulls our leg. for now though, that does look like a clean breakout right there (i dont know if it yet again drops to troll us lol) let's see what happens then we can update. (The levels you see above would be it's targets if it doesnt go below the 0.236 but we have not confirmed them to be in play as there has not been any interaction with the 0.786 yet at 68.5k so thats why i wait for confirmation. goodnight. oh, zoomed out the levels go as high as so. but again, no confirmation yet. so for now.. yeah sorry but we just wait.
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Every blockchain will have a meme coin. What is the top meme coin of your favorite blockchain? To me, it’s sats on bitcoin. aka 1000sats 😁 What’s yours ? 😃
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Can BTC go to $442k? let's vérify Someone in our community asked me yesterday if we're doomed. Here's what I think and why I believe we might exceed all expectations and soar even higher than we can imagine. It all comes down to USDT dominance. Looking at its chart, we can see that USDT-D has broken down from its long-term uptrend that has been ongoing since 2018. The problem with this is that simple technical analysis would suggest that its base is the ultimate target of the breakdown. Now, considering how much Bitcoin rallied from its peak to its current low, which is 374%, as USDT-D dropped by 59%, one could extrapolate that if it were to drop to the 1% zone, which is about another 79% from its current level, then Bitcoin could potentially rally by 500% from its high of $73.7k. Guys, this would mean Bitcoin could reach $442k (this is just what the math would suggest; I'm not sure if it's even possible, but you see how I arrived at this). So while everyone wonders if we're in trouble, I'm actually pondering if we could experience a massive rally like this one. Note: This is just something we could discuss, not a prediction or anything like that.
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One thing that I hate about crypto influencers is their utter lack of accountability and deflection of responsibility to followers! When the markets drop, some influencers will circle back to some of their coins like XRP and say “I bought my XRP at 0.20 so I’m not worried”. But, said influencer would have been encouraging his/her followers to buy XRP just about the last month when it was at 0.50 (just using XRP as an example here) Of course they wont directly say BUY but insinuate the latter. I’ve seen several videos about this type of phenomena and I notice that the influencer cult always tries to look correct rather than BE correct to keep their media status. So basically it’s more of a game they now play to look correct rather than actually being right. I would say to be careful with the information you get online and the people you follow. If you follow anyone that may have coerced you into buying something and when that thing drops, the influencer magically appears to not be affected as well, then you should strongly consider unfollowing! Most of my coins are in the red and we are in this together. But if someone has made you buy something and now that the markets dropped he’s saying he bought in way lower which isn’t your buying zone… you should keep away from such person. He bought way lower and continued the shill even when it might have done a 10x but then when it drops he’d use his entry to say he isn’t worried about a drop. Be very careful in this space folks. There’s just about a handful of people like me that actually do care about the growth of your pocket!
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When someone asks me if I’m still holding my crypto Me:
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