mtgox coins will have no negative effect on price of Bitcoin. Just as germany gov selling did not. Actually it pumped hard after they sold out... i am expecting Bitcoin to pump a lot more here. We had double top which usually means dump-it did not dump. Market is confident.
Everyone should read this! The best advice anyone will ever give you.
What is your worst enemy in crypto trading? Impatience!
What is your best friend? Patience!
Many traders aim for 5-10-20% gains per trade. This isn’t trading; it’s gambling.
Instead, focus on a daily goal of 2%. This is achievable in the long term. You might think, "But it’s only 2%." Yes, it is only 2% if you achieve it once. But what happens if you manage it every day for a year?
Here is the formula. Get to know it, understand it, and... obey it!
A = Your wallet after "some" days P = Value of your investment A=P(1.02)^n
Let’s say you have 100 USD and aim for a 2% daily increase...
Let's do the math.
After 7 days: A=100(1+0.02)^7=114.86 Not a lot, right?
How about 30 days - approximately 1 month: A=100(1+0.02)^30=181.14 Still not much?
Remember, this is incremental.
After 3 months / 90 days: A=100(1+0.02)^90=594.31 Still not impressed?
Well, this is where things get interesting!
After 180 days: A=100(1+0.02)^180=3532.08 Nice, right? But wait, there’s more.
After 365 days: A=100(1+0.02)^365=137,740.83. You read it right... 137k usd.
There you go. By aiming for a modest 2% daily increase, starting with 100 USD, you could reach well over 100,000 USD in a year.
So, why do so many people go broke?
Impatience!
Don’t aim for big gains overnight. Aim small, daily, for a long period. Why?
Because, in the end, that's a significant gain. Most importantly, achieving 2% a day isn't that hard. What’s hard is sticking to it and being patient.
Share it, let's help out all the novice and even experiences traders to understand and most of all sticking to basics. It is all about patience.
Do not be fooled into thinking this is #MtGox fault...
First of all they will be returning tokens for the next 3 months.
On top of that exchanges will be holding them for up to 90 more days.
Thereore the last refund will not be available for sale for the next six months.
We are talking about 144k coins over around 6 months That's 800 coins per day on average... 40.000.000 usd.
Daily volume is what? 40-50bln?
Mtgox refund is litrrally meaningless... So is germany selling. Peanuts.
Mtgox Simply cannot and will not dump the price.
So why the $BTC dump? It is not the dump, so far it looks like a healthy correction. I expect it to dip slightly below 50k and have been expecting for weeks because of double top... 50k before mooning again this year near 100k.
So i do not panic... I buy more and some $SOL
I have my eye on $PEOPLE as well... If it drops another 10-20% i will be buying. It should couple x easy after that dump. And yes, this is what dump is.
Never buy any token that just entered the market. $LISTA was no exception. As i said many times before .. For long hold buy the bottom but new tokens don't have one. Wait for the token to stabilize first... then buy.
Dump on $PEOPLE is pretty epic but it was to be exoected after 20x. I will buy it if it drops below 0.04.
$PEPE ? Not touching that with a stick. To me its dead, and have been since listing...
Three things you should understand before you start trading.
1. Tokens have no actual value. They can pump to heaven and dump to nothing very quickly. Days, hours... minutes.
2. When you buy a token with large market cap on large exchange, in reality you buy Bitcoin. All tokens will follow it because of bots. Its especially true if it can be leveraged. There is some actual small movements but they are rare. So you may as well just get that Bitcoin instead. If it goes up more than couple percent... You can be sure whoever started that pump will soon sell if not already.
No... actually quite the opposite. Mtgox will pump #BTC☀
Why? Simple
Right now if a whale wants to load up they are forced to buy higher and higher. They are not very happy about that, who would be. Mtgox coins will mean loading up without affecting the price much.
They are going to be swallowed in no time.
Whales are not sacred of Mtgox coins, they want them all!
Pamp is near, very near.
#Sol gonna pump too of course as well as $DOGE / $SHIB
ok so lately when i play around with futures everything goes down. I don't mean a little down. Straight to liquidation down within minutes of buying... Kind of annoying...
Don't be naive... Mtgox coins cannot really impact the price of $BTC . While 9bln usd may seem like a lot it is really not. First of all it's over period of 3 months .. Another thing.. 140kbtc is not even half the daily volume. And that 140k btc ill be returned over 3 months not half a day... And many of them will not even be sold because mtgox created diamond handed... Mtgox is a drop in the ocean. The price fluctuates because whales will be whales and will manipulate the price and you out of your bitcoins. Simple as that. They want more because in the end Bitcoin is not even priced at 10% of what it will eventually become.... I myself will have coins from mtgox and i am sure as hell not to sell at this silly price.... Countries started accepting coins i am suppose to let go for 60k? Keep dreaming.
$LISTA will soon be out of top gainers. i made 63% by trading couple times, it it is time to let go. Once out of top gainers it is gonna be going down for a while so ... moving on.
Stop listening to people.who tell you to hold brand new token... They bought high and need exit.
$LISTA just like pretty much any other new token drops at first and then either picks up if project solid or not.
If you sold high,congratz. I did too.
Everything Initially Dumps
If you think long term .. sure, wait for bottom and go for it. Where is bottom? Body knows its brand new that's the point! Holding brand new is risky and pointless. Planty of fish out there unless you would rather gamble then invest.
Imo within 2-4 weeks $BTC will be touching 40k ish. Just like it went down from 60k to 30k 2 years ago. Double top and mega 40% dump in couple weeks... Possible pump nearing 100k near end of year. Possible, not guaranteed. $ETH will of course dump with it.