Started my Crypto Journey in 2019. I’m a young man from Canada 🇨🇦. I trade US indices, gold, and alt-coins on my journey towards owning a full Bitcoin. TRB📈
What are you talking about. Bitcoin is gods currency. Fiat is people who think they’re god’s’ currency. Wake up
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Jarrod Deyoe IGd9
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God will punish all of u for making me hold thinking it will still go up so i can recover my funds but it keep going down, It’s a shame no one is a crypto champ on this app
Bad News for Bitcoin! El Salvador Decides to Limit the Use of Bitcoin At Government Level
A very shocking news coming for the Bitcoin sector because of a deal between Bitcoin bull country El Salvador & Bitcoin hater IMF.
The International Monetary Fund (IMF) is an international financial institution. This institution provides financial assistance and policy advice to member countries to help them to fight against payment problems, typically due to economic instability, high inflation, or unsustainable debt levels. Also, the IMF provides loans to countries in need of financial support to stabilize their economies but with certain conditions, for example, restructuring the country’s economy.
On 18 Dec 2024, The IMF body published the latest details about a loan deal with Central American country El Salvador.As per the deal conditions, El Salvador limits its involvement in the country’s national digital Bitcoin wallet, “Chivo”, and also leaves the Bitcoin-related development focus on public sector engagement. That means Bitcoin-related economic activity will remain highly confined to crypto-focused businesses instead of the government authorities.By following the deal precisely, El Salvador will get $1.4 billion from the IMF over the next 40 months.
The IMF and the EL Salvador government have reached a staff-level agreement on a 40-month EFF arrangement to support the government's economic reforms. The agreement with 🇸🇻 is subject to approval by the IMF Executive Board. https://t.co/1GLjFsEhVl pic.twitter.com/M1U77Flz4f
— IMF (@IMFNews) December 18, 2024
The IMF body stated that “The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntary”.
Many economic experts noted that such deals are not going to impact El Salvador’s Bitcoin vision and it is going to give a better boost to the country’s economy. With this deal, El Salvador’s debt-to-GDP ratio will drop significantly, which is a very good sign for the economy of this country.
Bitcoin price action
Following this news, the trade price of Bitcoin crashed 5% within the last couple of hours. The current trade price of Bitcoin is $99,676.
The current trade price of Bitcoin is $99,673 pic.twitter.com/GUmfYKNz3A
— Bitcoinik (@Bitcoinikdotcom) December 19, 2024
To control the panic level among the Bitcoin investors, the El Salvador president confirmed that his country will keep buying 1 BTC every day.
El Salvador keeps stacking 1 BTC per day, every day. 🇸🇻🏆🚀 pic.twitter.com/6gevIr1j4A
— The Bitcoin Office (@bitcoinofficesv) December 18, 2024
Read also: WazirX announces the re-opening of crypto trading services!
I wrote earlier this week and said that this is NOT the dip. Today I can confidently say, we have officially reached “dip” territory. I want to say we are going lower before the new year but who knows. This is a perfect time to be loading up on high quality alts. FTM ALGO XLM ADA HBAR etc. will pump first. I’m still very bullish on meme coins for this cycle.
Jerome Powell is helping out his wealthy friends by sparking panic and fear in the market. Anyone who has been in this game for long enough knows that we are going higher. Don’t think like a retail trader, think like the institutions. This market is so bullish there’s no way this “pullback” lasts more than two weeks. The time to load up is now.
XRP is one of the only cryptos banks and governments can control so unfortunately it’ll probably be the winner. Europe Japan etc. have said they will be using it next year
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Hafiz Ahsan Shehryar
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"I've been reading posts about XRP and I'm starting to feel like I'm being influenced or misled. Can someone please give me an honest explanation of what's actually going on with XRP and what the future might hold?"#FullMarketBullRun #MarketNewHype $XRP
It’s a dead coin. The blockchain doesn’t work. It would still be worth 1$ if it actually worked. Investors won’t buy a broken project
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BullishBanter
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Why Isn’t the Community Prioritizing USTC Repeg to $1? Let’s Think This Through
A key part of the Luna Classic ($LUNC ) project’s long-term success hinges on the repeg of USTC to $1. But here’s the question: Why isn’t the community focusing more on achieving this goal? When we look at the numbers, USTC’s total supply is much smaller than LUNC’s, so wouldn’t it make more sense for the community to concentrate a portion of its investment and efforts here?
Let’s break it down further. Unlike LUNC, which has an immense supply in circulation and requires massive burns or demand to achieve significant price movements, USTC already has a more manageable supply structure. For example, with a circulating supply of just over 9 billion tokens, pushing USTC closer to $1 would require far less capital than it would to dramatically increase the value of LUNC.
If the community shifts a portion of its resources, investments, and focus toward USTC, we could potentially trigger a strong upward price movement. A successful repeg wouldn’t just improve USTC’s value but could also restore faith in the Luna Classic ecosystem as a whole, creating a ripple effect that benefits LUNC indirectly. After all, the utility and credibility of the entire project are tightly tied to USTC’s stability.
Of course, this approach would require coordinated community efforts, including sustainable burn mechanisms, incentives for holding USTC, and demand-driven use cases to stabilize the price over time. It’s not a small task, but it’s far from impossible with community action and proper strategies.
So, is it time to refocus on USTC? Given the numbers and the potential for quicker success, it’s a question worth serious consideration. The opportunity to build momentum is there—it just needs a collective push.
No question is ever stupid when it challenges us to think deeper and strategize smarter. #LUNCUSD #Lunc2TheMoonSoon #LUNC✅ #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M
Has the money flow been disrupted? Money used to flow from bitcoin to eth to high caps to low caps. It seems like this pattern has dissolved because what we see now is bitcoin moving, then meme coins are moving and then large cap alts, then eth, then low caps.
$BTC this is not a dip! This is a reaction to the FOMC meeting in the US. If they cut interest rates, expect a pump. I’m going to be the first one to post the decision so make sure you follow me if you want to hear the news first.
$BTC everyone on this app is calling for a drop, I’ve been the only one saying hold and it’s giving me a weird feeling. Maybe we are still so early. Hearing a lot of people talk about how they’re selling here to wait for the dip but bitcoin gradually goes higher and higher. This is what it does, it will sell during the weeks and end the week with a strong bullish close. We’re going higher before we’re going lower and I feel bad for anyone who thinks this is the top.
Your RSI is wrong… it might have something to do with the (6) beside it but Bitcoin weekly RSI is only at 78 right now. It’ll go to 90 before the end of the cycle.
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Titan WT
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$BTC Look at the weekly time frame!!! RSI is above 91% .Don't you think deep pullback and correction will occur soon???? If it happened, the whole crypto market would be bearish for so long. Unfortunately, bearish crypto market is inevitable in the future. #BTC #Marketcrash
#DOGE – BULLS PUSH DOGE TOWARD CRUCIAL LEVELS, BREAKOUT IN PLAY.. Surely #doge⚡ will make this Bull Run New ATH $0.50...
$DOGE has shown impressive momentum, surging from a low of $0.39239 to its current price at $0.41152, reflecting a 2.00% gain. The price is now testing resistance near $0.41500, a critical level that, if breached, could spark a strong upward rally toward $0.42 and $0.43. The consistent rise in volume indicates strong buyer interest, which is fueling this upward momentum and positioning DOGE for a potential breakout.
On the downside, support is firmly established at $0.40531, where buyers have previously stepped in. If DOGE retraces, this level will act as a safety net, while further dips could find support at $0.39838. Traders should keep a close eye on price action around the resistance zone; a confirmed breakout above $0.41500 could offer a high-reward opportunity, while a rejection may present tactical buy entries near support. DOGE’s bullish trend remains strong, and the next move will be decisive for traders seeking profits.
These are limit orders, they’re triggered automatically when price reaches a certain level. We need to see volume and volatility before a new high. That’s what’s happening now.
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Ali Abdulkareem
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What is going on here ? Is it something usually happened $XRP More than 15 sell orders on the same time with the same number
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