LIVEthe patient hodler
@the_patient_hodler
In this game since 2015. Learned a couple of lessons. One of them is holding established cryptos. --- profile picture taken from unsplash. Artist is Matheo JBT
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✌️🆙️ I bought the dip.
I am aware that we can see more downtrend in the coming days. But that's always the case. One has the be prepared for all scenarios.
I had a trade setup for altcoins that was dependent of a BTC keylevel (one I deem is a key level, in my setup).
The plan was to DCA more alts when BTC is near 62k$. I sticked to the plan despite current buzz around looming war and another selling government. because I am CONFIDENT that my strategy will play out long term.
Leave a like if you bought the dip aswell.🤑
#buythedip 💎👏
The smallest amount I've invested was in $ENA . The biggest in $ETH
I am aware that we can see more downtrend in the coming days. But that's always the case. One has the be prepared for all scenarios.
I had a trade setup for altcoins that was dependent of a BTC keylevel (one I deem is a key level, in my setup).
The plan was to DCA more alts when BTC is near 62k$. I sticked to the plan despite current buzz around looming war and another selling government. because I am CONFIDENT that my strategy will play out long term.
Leave a like if you bought the dip aswell.🤑
#buythedip 💎👏
The smallest amount I've invested was in $ENA . The biggest in $ETH
🆙️$LTC is on the move.
It's been a while that the increase within 24 hours was greater than 5%. But today that is the case. This coincides with the price breaking through an upper resistance on the 1D chart.
#Altcoinseason2024 will certainly be really good for the value development of LTC. Here are my 2 main reasons:
[1] The price is pretty much at the same level as it has been for the majority of the time in 2023 and 2024. You will most certainly not see a big correction in 2024 because noone who bought after 2021 is in big gains. This leaves a lot of freedom to grow naturally.
[2] LTC is mined like $BTC and has a much better distribution than many new cryptocurrencies that emerged during the last 3 years, where creators and devs often still posses more than 50% of the whole supply. This distribution of LTC which is much fairer means that no big bag holders can put sustained sell pressure on it.
It's been a while that the increase within 24 hours was greater than 5%. But today that is the case. This coincides with the price breaking through an upper resistance on the 1D chart.
#Altcoinseason2024 will certainly be really good for the value development of LTC. Here are my 2 main reasons:
[1] The price is pretty much at the same level as it has been for the majority of the time in 2023 and 2024. You will most certainly not see a big correction in 2024 because noone who bought after 2021 is in big gains. This leaves a lot of freedom to grow naturally.
[2] LTC is mined like $BTC and has a much better distribution than many new cryptocurrencies that emerged during the last 3 years, where creators and devs often still posses more than 50% of the whole supply. This distribution of LTC which is much fairer means that no big bag holders can put sustained sell pressure on it.
🧯$WLD : Continued signs of weakness !
Although Worldcoin's price nearly doubled from the bottom of early July, it still shows the main direction of its price is downward.
Whereas founders of the token lately decided that they will alter the unlock schedule of 80% of the token supply. From an initial plan having a 3 year period, it is extended to 5 years. But that's not helping too much.
I'd say the biggest selling pressure is coming from millions of already registered WorldID users who don't save their payouts. Instead, they are selling right away to buy essentials.
Price reached $3.23 on July 17. But today, only 6 days later, it fell again to the $2.20 levels. A decrease of 32%. That is very weak!
Be careful when investing in this. I wouldn't be surprised to see it going as low as $1 in the near future, simply because the selling pressure still seems so high and constant.
The overall market sentiment turned a little bearish after the big gains of last week. Stay cautious ✌️
Check my earlier post about worldcoin that I made a reference to. I was sharing some additional thoughts back then.
#ETH_ETFs_Trading_Today
#MtGoxJulyRepayments
Although Worldcoin's price nearly doubled from the bottom of early July, it still shows the main direction of its price is downward.
Whereas founders of the token lately decided that they will alter the unlock schedule of 80% of the token supply. From an initial plan having a 3 year period, it is extended to 5 years. But that's not helping too much.
I'd say the biggest selling pressure is coming from millions of already registered WorldID users who don't save their payouts. Instead, they are selling right away to buy essentials.
Price reached $3.23 on July 17. But today, only 6 days later, it fell again to the $2.20 levels. A decrease of 32%. That is very weak!
Be careful when investing in this. I wouldn't be surprised to see it going as low as $1 in the near future, simply because the selling pressure still seems so high and constant.
The overall market sentiment turned a little bearish after the big gains of last week. Stay cautious ✌️
Check my earlier post about worldcoin that I made a reference to. I was sharing some additional thoughts back then.
#ETH_ETFs_Trading_Today
#MtGoxJulyRepayments
LIVEthe patient hodler
--
Em Baixa
🧯$WLD : continued precaution necessary !
If you consider investing in $WLD, I would advice to think twice. Have you considered how many tokens are not yet released? The biggest proportion of all tokens will still be unlocked.
Another weak sign is by how little $WLD rose since the market rebound on the weekend. Compare this with the rest of the market. Most coins did way better.
Stay strong. Hold good coins! 💎
#PatienceWins
If you consider investing in $WLD, I would advice to think twice. Have you considered how many tokens are not yet released? The biggest proportion of all tokens will still be unlocked.
Another weak sign is by how little $WLD rose since the market rebound on the weekend. Compare this with the rest of the market. Most coins did way better.
Stay strong. Hold good coins! 💎
#PatienceWins
🔥 $BANANA has taken a rare decision and defined that the maximum supply of their token is just 10 million. This is only half as many as bitcoin.
Consequently it is trading at a comparitively high value of $70 at this moment.
I find the name pretty entertaining and I guess I am not alone with this. I assume this gives it some meme potential as well, which cannot hurt this crypto season.
I haven't tested their product features yet. At least the description of their use case sounds plausible and targets to close a gap in the market.
Guys have fun hodling this one. I am optimistic it will be a fun ride.
#BinanceHODLerBANANA
Consequently it is trading at a comparitively high value of $70 at this moment.
I find the name pretty entertaining and I guess I am not alone with this. I assume this gives it some meme potential as well, which cannot hurt this crypto season.
I haven't tested their product features yet. At least the description of their use case sounds plausible and targets to close a gap in the market.
Guys have fun hodling this one. I am optimistic it will be a fun ride.
#BinanceHODLerBANANA
🔥 Many seem to overlook this. They just fail to realize what a strong technical foundation #LTC✅ has.
It's a challenge in #patience -- not a sprint.
If you are one of the kind who think investing in bitcoin is not lucrative anymore because it will not grow fast enough for your gain targets, then look into $LTC . It's nearly as scarce as $BTC , but it's also just $70 right now. Last hype cycle it reached a bit above $400.
A play of words: aLTCoin rally contains LTC 😉
#Altcoinseason2024 🛫
It's a challenge in #patience -- not a sprint.
If you are one of the kind who think investing in bitcoin is not lucrative anymore because it will not grow fast enough for your gain targets, then look into $LTC . It's nearly as scarce as $BTC , but it's also just $70 right now. Last hype cycle it reached a bit above $400.
A play of words: aLTCoin rally contains LTC 😉
#Altcoinseason2024 🛫
LIVE
Litecoin
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Litecoin has never been down in its 12+ year history!
The longest running crypto with 💯% uptime!! $LTC
The longest running crypto with 💯% uptime!! $LTC
--- 💯💯💯💯 ---
🛩 last call for passengers of Flight LTC400 to ABrightFuture 😁
#LTC/BTC $LTC #BinanceTournament
I continue on my last post where I gave advice for you to look into litecoin (LTC). Its fundamentals are very strong. Additionally to what I wrote about in my last post, I want to emphasize that there are no large bag holders. Litecoin has been fairly distributed by mining - There was no presale. The biggest share holder, the founder of litecoin, has sold his complete stash in 2017 to make the litecoin project more independent.
I expect litecoin to have a spontaneous increase like a spring shooting up after it was suppressed. Get on board before this happens. 🛫
image credits:
Ashim D'Silva, on unsplash
🛩 last call for passengers of Flight LTC400 to ABrightFuture 😁
#LTC/BTC $LTC #BinanceTournament
I continue on my last post where I gave advice for you to look into litecoin (LTC). Its fundamentals are very strong. Additionally to what I wrote about in my last post, I want to emphasize that there are no large bag holders. Litecoin has been fairly distributed by mining - There was no presale. The biggest share holder, the founder of litecoin, has sold his complete stash in 2017 to make the litecoin project more independent.
I expect litecoin to have a spontaneous increase like a spring shooting up after it was suppressed. Get on board before this happens. 🛫
image credits:
Ashim D'Silva, on unsplash
🧠 Totally undervalued right now. $LTC
Through this whole early crypto hype cycle I notice that Litecoin #LTC✅ is very underappreciated. I think many new investors haven't understood what it is in camparison to $BTC .
Friends, if you haven't come around litecoin yet and don't know its properties, do research. For me it's like the little brother of bitcoin, brave enough to test new features before bitcoin gets them.
And investment-wise, currently is a very good entry point. I assume it will reach about $400 in the upcoming hype cycle.
There is also a chance that Litecoin might get an ETF like bitcoin and ethereum. In that case I would see $1000 a likely price target into 2025.
Are you convinced that litecoin has a bright future too? Do you have doubts about it? Leave a comment and we can discuss! Looking forward to it 😃
#Altcoinseason2024
Through this whole early crypto hype cycle I notice that Litecoin #LTC✅ is very underappreciated. I think many new investors haven't understood what it is in camparison to $BTC .
Friends, if you haven't come around litecoin yet and don't know its properties, do research. For me it's like the little brother of bitcoin, brave enough to test new features before bitcoin gets them.
And investment-wise, currently is a very good entry point. I assume it will reach about $400 in the upcoming hype cycle.
There is also a chance that Litecoin might get an ETF like bitcoin and ethereum. In that case I would see $1000 a likely price target into 2025.
Are you convinced that litecoin has a bright future too? Do you have doubts about it? Leave a comment and we can discuss! Looking forward to it 😃
#Altcoinseason2024
🏄♀️ When will the next bullish phase begin?
Currently I read a lot of FUD here. And I feel we might be in the middle of summertime boredom.
But: The ETH ETF is about to be real in July - For me the most bullish factor this month.
That is why I am quite convinced that a new rally is about to begin in the coming weeks. What do you think when this will be?
⏰️
🚀
#BTC_Bounce_Back_to_57k #ETH_ETFs_Approval_Predictions
Currently I read a lot of FUD here. And I feel we might be in the middle of summertime boredom.
But: The ETH ETF is about to be real in July - For me the most bullish factor this month.
That is why I am quite convinced that a new rally is about to begin in the coming weeks. What do you think when this will be?
⏰️
🚀
#BTC_Bounce_Back_to_57k #ETH_ETFs_Approval_Predictions
July
28%
August
39%
September
33%
49 votos • Votação encerrada
#ETFEthereum It's near 😃
I am optimistic we will see a positive influence of it.
I know a lot of you lost faith that it's meaningful to invest in altcoins - and to some extend also not meaningful to invest in ETH. But the soon launched ETFs are very positive long-term imho. There are big funds which were not yet delegated towards crypto. A huge liquidity source will then be added and I am sure #Altcoinseason2024 can begin afterwards.
Hold strong friends, there is lots of light on the horizon 🌄
I am optimistic we will see a positive influence of it.
I know a lot of you lost faith that it's meaningful to invest in altcoins - and to some extend also not meaningful to invest in ETH. But the soon launched ETFs are very positive long-term imho. There are big funds which were not yet delegated towards crypto. A huge liquidity source will then be added and I am sure #Altcoinseason2024 can begin afterwards.
Hold strong friends, there is lots of light on the horizon 🌄
LIVECoinMarketCap
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Spot Ethereum ETF Nears Launch As Issuers Submit Amended Filings
Spot Ethereum ETF Nears Launch As Issuers Submit Amended Filings
Several asset managers have submitted amended filings to the SEC for the spot Ethereum ETFs. VanEck submitted an amended registration statement for its spot Ethereum ETF, now rebranded as The VanEck Ethereum Trust. Following closely, 21Shares filed a new registration for its spot Ethereum ETFs. Grayscale also joined the fray with two amended filings: one for its $28 billion Grayscale Ethereum Trust and another for a more cost-effective "mini" ETF.
The wave of filings continued with Franklin Templeton, Fidelity, and BlackRock each submitting their own amended filings for spot Ethereum ETFs. Notably, none of the filings disclosed planned fees, a detail that Bloomberg ETF analyst Eric Balchunas noted the SEC has not yet required. Balchunas suggested that another round of updates including fees is expected before final approvals, predicting a potential approval date around July 18th.
VanEck's amended registration statement saw some regulatory language regarding custody removed. This deleted section had previously described how Ethereum withdrawals would be processed through the entity designated to safeguard assets for the fund. These changes mirrored adjustments made by Bitwise the previous week, which included details on the SEC's stance regarding compliance in the crypto market.
VanEck’s filing also highlighted Gensler's call for federal legislation focused on digital asset trading to prevent transactions, products, and platforms from "falling between regulatory cracks." Similarly, 21Shares’ amended filing included disclosure language on the SEC’s regulatory efforts.
Despite the SEC approving several key filings for spot Ethereum ETFs in May, the regulator still needs to approve S-1 forms from eight asset managers. Gensler has previously stated that the approval process hinges on asset managers' ability to provide full disclosures.
Several asset managers have submitted amended filings to the SEC for the spot Ethereum ETFs. VanEck submitted an amended registration statement for its spot Ethereum ETF, now rebranded as The VanEck Ethereum Trust. Following closely, 21Shares filed a new registration for its spot Ethereum ETFs. Grayscale also joined the fray with two amended filings: one for its $28 billion Grayscale Ethereum Trust and another for a more cost-effective "mini" ETF.
The wave of filings continued with Franklin Templeton, Fidelity, and BlackRock each submitting their own amended filings for spot Ethereum ETFs. Notably, none of the filings disclosed planned fees, a detail that Bloomberg ETF analyst Eric Balchunas noted the SEC has not yet required. Balchunas suggested that another round of updates including fees is expected before final approvals, predicting a potential approval date around July 18th.
VanEck's amended registration statement saw some regulatory language regarding custody removed. This deleted section had previously described how Ethereum withdrawals would be processed through the entity designated to safeguard assets for the fund. These changes mirrored adjustments made by Bitwise the previous week, which included details on the SEC's stance regarding compliance in the crypto market.
VanEck’s filing also highlighted Gensler's call for federal legislation focused on digital asset trading to prevent transactions, products, and platforms from "falling between regulatory cracks." Similarly, 21Shares’ amended filing included disclosure language on the SEC’s regulatory efforts.
Despite the SEC approving several key filings for spot Ethereum ETFs in May, the regulator still needs to approve S-1 forms from eight asset managers. Gensler has previously stated that the approval process hinges on asset managers' ability to provide full disclosures.
🧯$WLD : continued precaution necessary !
If you consider investing in $WLD, I would advice to think twice. Have you considered how many tokens are not yet released? The biggest proportion of all tokens will still be unlocked.
Another weak sign is by how little $WLD rose since the market rebound on the weekend. Compare this with the rest of the market. Most coins did way better.
Stay strong. Hold good coins! 💎
#PatienceWins
If you consider investing in $WLD, I would advice to think twice. Have you considered how many tokens are not yet released? The biggest proportion of all tokens will still be unlocked.
Another weak sign is by how little $WLD rose since the market rebound on the weekend. Compare this with the rest of the market. Most coins did way better.
Stay strong. Hold good coins! 💎
#PatienceWins
💔 The sentiment has fallen to levels not seen since the middle of October.
Hold strong! In case you are down by 50-70% with any of your investments, the right time to sell and buy lower has already passed. Especially if it's close to 70%.
I was wrong about BTC first going to 72k before going lower from 64k. This was before #MtGoxJulyRepayments news came out.
We are still deeply in the oversold area. If you have some liquidity left, consider buying strong coins ($BTC , $ETH , $SOL ).
Recall what happened after sentiment was that low in October. The market started to fly from the 19th for about 6 months straight.
Be a big guy! Don't sell! You'll be good! ❤️🩹
#PatienceIsKey
Hold strong! In case you are down by 50-70% with any of your investments, the right time to sell and buy lower has already passed. Especially if it's close to 70%.
I was wrong about BTC first going to 72k before going lower from 64k. This was before #MtGoxJulyRepayments news came out.
We are still deeply in the oversold area. If you have some liquidity left, consider buying strong coins ($BTC , $ETH , $SOL ).
Recall what happened after sentiment was that low in October. The market started to fly from the 19th for about 6 months straight.
Be a big guy! Don't sell! You'll be good! ❤️🩹
#PatienceIsKey
LIVEthe patient hodler
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Hold strong! We are in the oversold area.
In general, I recommend not selling this year. #PatienceWins
#altcoins gave away 50% or more off their March highs. In a very short time frame. If you want to sell, don't do it now. At least let the counter movement unfold for a month. Gains of 30% to 40% of current prices are very likely. Why do I think that?
$BTC hit the same support line today that it touched when it dropped to 56k in May. It's next movement will be back towards 72k and it will drag prices of alts with it, if that happens.
It's also a good chance to get more $BNB right now. Binance is doing everything in their means to stabilize it around $600.
In general, I recommend not selling this year. #PatienceWins
#altcoins gave away 50% or more off their March highs. In a very short time frame. If you want to sell, don't do it now. At least let the counter movement unfold for a month. Gains of 30% to 40% of current prices are very likely. Why do I think that?
$BTC hit the same support line today that it touched when it dropped to 56k in May. It's next movement will be back towards 72k and it will drag prices of alts with it, if that happens.
It's also a good chance to get more $BNB right now. Binance is doing everything in their means to stabilize it around $600.
$WLD - It's getting really bad.
After I made my post yesterday about worldcoin, I was not expecting seeing this coin again in the TOP losers list, 2nd from last. It's on a day where the market looks very positive. Which shows even more how weak (and scammy) this project looks meanwhile.
Binance added the monitoring tag to some coins today. Why not to worldcoin? It looks like it's in equal bad territory.
#monitoring
After I made my post yesterday about worldcoin, I was not expecting seeing this coin again in the TOP losers list, 2nd from last. It's on a day where the market looks very positive. Which shows even more how weak (and scammy) this project looks meanwhile.
Binance added the monitoring tag to some coins today. Why not to worldcoin? It looks like it's in equal bad territory.
#monitoring
🔻 $WLD - probably one of the biggest disappointments of 2024.
The daily charts give an impressive idea. An enourmous hype turned into massive desperation and a selloff. Only few retail investors are still above water. Those who bought in the short period when it was below $2.
I am lucky that I am not involved in it. Although I considered investing when it pushed towards $5. Lucky me also had in mind that Sam Altman is somewhat shady and I have little sympathy for the project itself. And so I discarded this idea.
If it gets worse and even $1 seems to be reached, I would expect a significant (dead cat) bounce. #deadcatbounce
The daily charts give an impressive idea. An enourmous hype turned into massive desperation and a selloff. Only few retail investors are still above water. Those who bought in the short period when it was below $2.
I am lucky that I am not involved in it. Although I considered investing when it pushed towards $5. Lucky me also had in mind that Sam Altman is somewhat shady and I have little sympathy for the project itself. And so I discarded this idea.
If it gets worse and even $1 seems to be reached, I would expect a significant (dead cat) bounce. #deadcatbounce
🏄♀️ We want a new #Launchpool
Now that APR for $BNB is down to just 0.34% I demand that this decline is compensated with more launchpools 😁
I would like one or two launchpools per month until the end of the year. There were 4 in January. But only one so far in June.
❓️ How is hodling BNB for you? Are you satisfied with the benefits?
#Megadrop is a nice addition. I like that it offers a multiplier to the reward system 🤤
Now that APR for $BNB is down to just 0.34% I demand that this decline is compensated with more launchpools 😁
I would like one or two launchpools per month until the end of the year. There were 4 in January. But only one so far in June.
❓️ How is hodling BNB for you? Are you satisfied with the benefits?
#Megadrop is a nice addition. I like that it offers a multiplier to the reward system 🤤
It's going as planned: #BTCdominance vanishes 💢
After bouncing around the 55% mark, bitcoin dominance fell lower and seems to head towards 53% now.
Although the price of bitcoin declined from 64k to 60k today, most #Altcoins👀🚀 did lose less, percentagewise 😎 I expect that alts will rise with fast pace when #btc starts to have gains again. That is what I described in my earlier post.
Happy hodling to all of you. It's coming to a good end in 2025 🤑
After bouncing around the 55% mark, bitcoin dominance fell lower and seems to head towards 53% now.
Although the price of bitcoin declined from 64k to 60k today, most #Altcoins👀🚀 did lose less, percentagewise 😎 I expect that alts will rise with fast pace when #btc starts to have gains again. That is what I described in my earlier post.
Happy hodling to all of you. It's coming to a good end in 2025 🤑
LIVEthe patient hodler
--
🏄♀️ Finally the ties between $BTC and alts have been cut.
By this I mean alts aren't falling anymore when BTC goes down. They do the opposite!
This might be the long awaited comeback of #AltCoinSeason 🤠
I was making a statement about this situation in an earlier square post:BTC Dominance chart.
During the last two days it seems to have become even more obvious that the phase of total BTC dominance might have come to an end. There is now a triple top and the decline since Wednesday is pretty steep. Do you agree with me?
I've bought $GRT and $ADA at the local low. Wish you all best of luck and strong hands!
By this I mean alts aren't falling anymore when BTC goes down. They do the opposite!
This might be the long awaited comeback of #AltCoinSeason 🤠
I was making a statement about this situation in an earlier square post:BTC Dominance chart.
During the last two days it seems to have become even more obvious that the phase of total BTC dominance might have come to an end. There is now a triple top and the decline since Wednesday is pretty steep. Do you agree with me?
I've bought $GRT and $ADA at the local low. Wish you all best of luck and strong hands!
🏄♀️ Finally the ties between $BTC and alts have been cut.
By this I mean alts aren't falling anymore when BTC goes down. They do the opposite!
This might be the long awaited comeback of #AltCoinSeason 🤠
I was making a statement about this situation in an earlier square post:BTC Dominance chart.
During the last two days it seems to have become even more obvious that the phase of total BTC dominance might have come to an end. There is now a triple top and the decline since Wednesday is pretty steep. Do you agree with me?
I've bought $GRT and $ADA at the local low. Wish you all best of luck and strong hands!
By this I mean alts aren't falling anymore when BTC goes down. They do the opposite!
This might be the long awaited comeback of #AltCoinSeason 🤠
I was making a statement about this situation in an earlier square post:BTC Dominance chart.
During the last two days it seems to have become even more obvious that the phase of total BTC dominance might have come to an end. There is now a triple top and the decline since Wednesday is pretty steep. Do you agree with me?
I've bought $GRT and $ADA at the local low. Wish you all best of luck and strong hands!
🎣 Has binance published something official about the ongoing reduction of APR in fixed staking (simple earn) products? ❓️
#SimpleEarn #BNBHODLer
I would like to understand the reasoning behind it and know what APR I can expect in the next time for my simple earn products.
The most distinct reduction for me is for $BNB . Until April APR was about 3,5%.
Now, after steady reduction, it's only at 0,34%.
Other rewards that decreased for me is SOL, from 8,5% to 5,6%, ATOM from 15% to 13% (and I think this will be lowered even more soon), APT, RAY (don't know the specific values for these).
For BNB the airdrops and launchpools are a very welcome (over)compensation for the reduced APR. But for the other named tokens it's simply less attractive for me to hold it in simple earn now.
🤓 What is your experience with it? Have your simple earn products seen similar developments? Tell me your insights please!
#SimpleEarn #BNBHODLer
I would like to understand the reasoning behind it and know what APR I can expect in the next time for my simple earn products.
The most distinct reduction for me is for $BNB . Until April APR was about 3,5%.
Now, after steady reduction, it's only at 0,34%.
Other rewards that decreased for me is SOL, from 8,5% to 5,6%, ATOM from 15% to 13% (and I think this will be lowered even more soon), APT, RAY (don't know the specific values for these).
For BNB the airdrops and launchpools are a very welcome (over)compensation for the reduced APR. But for the other named tokens it's simply less attractive for me to hold it in simple earn now.
🤓 What is your experience with it? Have your simple earn products seen similar developments? Tell me your insights please!
BTC #Dominance topped.
It's the third time $BTC dominance was near or at 57%. The last two times that this happened it decreased over the following days towards 53,5%.
It does not sound like much. But in such phases altcoins were able to gain significantly. Because their marketcap is so much lower than bitcoin's, in a phase where bitcoin dominance decreases by 3%, alts are usually able to gain in the range of 20% to 50%.
Honestly I am relieved to see that the markets downturn haltet for the moment. And it should continue to be good for #Altcoinseason2024 for a couple of days considering how bitcoin's dominance started decreasing.
I hope you did not panic sell during the last couple of days. I was lucky to buy into $GRT at the low.
It's the third time $BTC dominance was near or at 57%. The last two times that this happened it decreased over the following days towards 53,5%.
It does not sound like much. But in such phases altcoins were able to gain significantly. Because their marketcap is so much lower than bitcoin's, in a phase where bitcoin dominance decreases by 3%, alts are usually able to gain in the range of 20% to 50%.
Honestly I am relieved to see that the markets downturn haltet for the moment. And it should continue to be good for #Altcoinseason2024 for a couple of days considering how bitcoin's dominance started decreasing.
I hope you did not panic sell during the last couple of days. I was lucky to buy into $GRT at the low.
Hold strong! We are in the oversold area.
In general, I recommend not selling this year. #PatienceWins
#altcoins gave away 50% or more off their March highs. In a very short time frame. If you want to sell, don't do it now. At least let the counter movement unfold for a month. Gains of 30% to 40% of current prices are very likely. Why do I think that?
$BTC hit the same support line today that it touched when it dropped to 56k in May. It's next movement will be back towards 72k and it will drag prices of alts with it, if that happens.
It's also a good chance to get more $BNB right now. Binance is doing everything in their means to stabilize it around $600.
In general, I recommend not selling this year. #PatienceWins
#altcoins gave away 50% or more off their March highs. In a very short time frame. If you want to sell, don't do it now. At least let the counter movement unfold for a month. Gains of 30% to 40% of current prices are very likely. Why do I think that?
$BTC hit the same support line today that it touched when it dropped to 56k in May. It's next movement will be back towards 72k and it will drag prices of alts with it, if that happens.
It's also a good chance to get more $BNB right now. Binance is doing everything in their means to stabilize it around $600.
It's a contest about #patience.
I decided not to buy #TON. It's not a good opportunity right now.
And with NOT, well there were so few coins in the green yesterday that it was inevitable that people would strive for some last ressorts. Which were $RPL , $NOT , and to some extend $IO .
There seems to be an increased trust in tokens that are launched lately. Whyever.
I could restrain myself from buying more altcoins. But the fomo is there.
I didn't see a 15m candle on bitcoin yet which would signal a bullish turnaround. I mean that one yesterday at 6pm (UTC+2) was quite high in volume. But for me, a clear turnaround would be something like thrice that volume. If I see that, I dca another 500€ into $GRT or something promising.
Short term I am feeling that we will have another leg down. Long term I am still seeing the bullrun into 2025.
It's a contest about patience.
I decided not to buy #TON. It's not a good opportunity right now.
And with NOT, well there were so few coins in the green yesterday that it was inevitable that people would strive for some last ressorts. Which were $RPL , $NOT , and to some extend $IO .
There seems to be an increased trust in tokens that are launched lately. Whyever.
I could restrain myself from buying more altcoins. But the fomo is there.
I didn't see a 15m candle on bitcoin yet which would signal a bullish turnaround. I mean that one yesterday at 6pm (UTC+2) was quite high in volume. But for me, a clear turnaround would be something like thrice that volume. If I see that, I dca another 500€ into $GRT or something promising.
Short term I am feeling that we will have another leg down. Long term I am still seeing the bullrun into 2025.
It's a contest about patience.