Two important questions answered in this post.
1.When the drop stops?
2. Why the drop happened?

Answers:
1. When BTC reaches 87,010$
2. Profit taking, future liquidations.

#N4G

Some people are messaging me and seems desperate while they bought on spot.

They reminded me of myself back in time, they also reminded me of how easy itnis to manipulate people.

You have to be able to see red, and understand that this is not permanant, its even not going to take time to recover, as easy as it was to dump, it will pump the same way, in few days.

Just wait till the end of this month and remember, its not counted as a loss unless you hit that sell button.

#N4G

Lets face it

Crypto is not like SP500 or Forex.. and this is exactly why we all are here.

you won't find an index loosing 50% in 4-5 days unless it's going bankruptcy, it only happens in crypto and that's why we love it, because when we can catch a move like this we can get 50% on our money.

but ask yourself, where does that money come from? Future, poorly educated traders, long term investors.. and what does it take? Patience.

#N4G

This is just a liquidation run, they are just liqudiating future contracts.. it won't take long.. We meet at the end of this month and see how it looks.

#N4G

Manipulation at it's best form.

#N4G

Reasons behind the market drop:

= South Korea’s Digital Asset Protection Foundation Begins Asset Recovery for 40,000 Users Affected by 8 Exchange Closures (5 of them are Apro Korea, Ten and Ten, Hanbitco, Qbit, and Pay Protocol....), This caused some selling pressure (16 Dec 2024)

= FTX to start bankruptcy payouts via Kraken, BitGo from Jan. 3 for users affected by the FTX’s 2022 crash.

= Mt. Gox exchange moved 1,619.678 BTC worth $172 million to two new addresses, Mt. Gox holds 36,085 BTC, valued at approximately $3.84 billion, raising speculation about future sell-offs.

= Bybit end withdrawal and custody services for French users on Jan. 8, 2025, citing regulatory pressures.

#N4G

Fed Chair Jerome Powell Says, 'We're Not Allowed to Own Bitcoin'. 😂😂

Never undermine the power of manipulation, Trump says he's endorsing #BTC , and you see this guy saying this today, he's just shaking the market for tycoons to buy more at better entries, let's face it, the U.S.A control the whole world economy.

#N4G

Soon, the people controlling this market will make everyone notice Bitcoin by pumping everything crazy.

This is their chance to make crypto look like a safe haven for investors.

#N4G

It's very, very, VERY important that whenever you get hit by a bad news or depression in your life, that you hit back even harder.

Whenever life gives you sh!t, give it the widdest smile you ever got.

Always remind yourself of your dreams, no matter how big they are, how impossible they seem, be 1000% sure you going to achieve them.

Don't let life conquer you, you conquer it.

#N4G

Where did the term "HODL" come from?

On December 18, cryptocurrency fans around the world come together to mark the spirit of holding through market ups and downs. 

HODL meaning originates from a post on the Bitcointalk cryptocurrency forum in 2013, where it first appeared as a typo of the word ‘hold.’

The term “HODL” means staying committed to holding onto Bitcoin (BTC) despite a sharp price drop, as declared by the user who coined it.

This accidental misspelling quickly became a meme, grew into popular crypto slang, and ultimately evolved into a widely recognized term symbolizing the strategy of holding onto assets long-term.

Essentially, HODL in crypto captures the spirit of “holding on for dear life,” emphasizing commitment to investments through market highs and lows.

HODL is a solid approach for those looking to invest long-term. It’s about resisting the temptation to sell when the market is down and having confidence that your investments will grow over time. While it may not suit everyone, it’s great for those with a patient, long-term mindset.

#N4G

I'll quit posting on Binance square if by the end of december the market has not pumped back up.

#N4G

S&P500 (Standard and poors) fell 2.5% today, that's huge sell off, and you don't want bitcoin and gold to follow?

#N4G

From this day, up till inaugration date on 20 Jan 2025.. the market will make new highs on all alts.

#N4G

I know it's hard to believe at such times that the market will recover quickly but i promise you by the end of this month you will be in profits.

#N4G

$FIL current price (5.779$)

Challenge accepted ✅

Let's see :)

#N4G

3 Years ago

17 Dec 2021

USDT dominance was 3.55% of the total market cap.

Today 17 Dec 2024, it's standing at 3.82%.. Coincident?

#N4G

Reminder, US Federal Funds Rate in 12 hours!~

My Expectation: 0.5% Cut.

#N4G

Believe me or not.

This December, the market will end up green!~

12 Days to go.

I'm telling you this in the middle of sh!t hitting the fan, but you'll see my prediction is correct.

#N4G

One reason why you will see a pump in the market tonight, is the fact that tomorrow the feds will announce 0.25% cut at least from the current fund rates.

#N4G

$PENGU

The Pudgy Penguin Multisig wallet, which is thought to belong to the developers of the Pudgy Penguins (PENGU) altcoin, which was launched today and started with a market value of approximately $ 2.3 billion, seems to have sold 88 million PENGU tokens according to onchain data.

In addition, some more tokens were also moved by this wallet to centralized cryptocurrency exchanges. The total amount sold seems to correspond to $ 3.5 million.

The wallet in question had access to PENGU tokens very early on. However, it is not definitive that this wallet belongs to the developers and similarly, it may belong to a market maker company.

Definitive information on the subject will come in the coming days.
However, there is also activity in some wallets that are considered to be related to the PENGU project or very early investors.

According to the data, 176 million PENGU, which constitutes 20% of the total tokens held by early wallets, have been sold so far.

The value of the remaining tokens was measured at approximately $ 37.71 million.

#N4G