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Messages - MRY

Pages: [1] 2 3 ... 11
1
Cryptocurrency Trading / Re: Do not sell, Just HODL (v2)
« on: Today at 10:03:57 AM »
1 more day to go for halving but I don't see any sign of strength in the market. 4h time frame shows us that the market is in the down trend but if you look in a weekly tf it shows us it will going to retrace. In my opinion, the halving is just a way for others to invest because they thought it will send up the price higher but in reality it's just a pull back in a 4h tf. So there is a high possibility that the price will go deeper to gather enough demand in order to boost the price higher and create another ATH.
Boom, We have been through the halving for almost a month, but it seems there is no good news that can trigger an increase in the price of bitcoin, in fact after the halving occurred the price of bitcoin tended to fall. This is a pretty bad halving history because Bitcoin has no support for another price increase.

2
Cryptocurrency Trading / Re: App for crypto indicators
« on: Today at 10:01:03 AM »
Such apps will never give you correct signals so avoid trading by following such apps. An ordinary web developer can easily create such apps so it is better not to trust all apps so easily. If you search the Play Store, you will find many apps that claim to provide 100% accurate trading signals. They make such claims only to increase the number of users of their app but if you believe them and install their app and trade according to their instructions then you will definitely get hurt. Rely as much as you need to on your own trading skills, there is no need to follow other people's trading strategies.
Buddy I think you get the indicator apps on a wrong way, Because indicator apps doesn't gives any signal and that is why there is also no chance there they will give wrong signal. Indicator apps help with the different kinds of indicators for technical analysis, what will make you define or make a signal for the multiple cryptocurrencies. And proper Indicators are the thing that can make or gain your trading skill so it is always has a value for doing trading.
Exactly, I also think the same as you, Maybe @Litzki1990 should include a screenshot or application he uses so that we as users on this forum don't make the wrong assumptions about the indicators he uses, after all we only want to know the indicator applications he uses, nothing another.

3

Fidelity's FBTC, not GBTC, led outflows on Wednesday in what may be an alarming development for the bulls. BlackRock's IBIT had its first-ever day of outflows, with $36.9 million exiting the fund. Fidelity's FBTC led outflows, shedding $191 million, followed by GBTC, ARKB and IBIT.
Fed Chair Powell ruled out a rate hike as the next move, catalyzing a brief bounce in BTC.

Investors dumped U.S.-based spot bitcoin (BTC) exchange-traded funds (ETFs) at the fastest pace ever on Wednesday, even as Federal Reserve (Fed) chairman Jerome Powell dismissed the prospect of a rate hike.
The 11 ETFs saw a cumulative net outflow of $563.7 million, the largest since the funds began trading on January 11, extending a five-day losing streak, according to data source Farside Investors and CoinGlass. Investors have pulled out nearly $1.2 billion from the ETFs since April 24. Also notable Wednesday were the first-ever outflows from BlackRock's iShares Bitcoin Trust (IBIT), which saw $36.9 million exiting the fund.


This is taken from here: https://www.coindesk.com/markets/2024/05/02/us-bitcoin-etfs-bleed-record-563m-even-as-feds-powell-rules-out-rate-hike/

I am hoping OP will put an attribute of the material so no one will be accused of plagiarism which is important issue on this forum.
He was proven to have used the content of the article without adding the source. Of course this will result in plagiarism. It is better that when providing information from articles outside this forum, you must include the source you got. Also make sure you don't copy all the contents of the article, use your opinion about the contents of the article.

4
Bitcoin Forum / Re: BTC capitalization 1.29$ trillion
« on: Today at 09:40:50 AM »
The showed CAP is just a number as you can see the BTC market fluacting and now the CAP is down. There is still a chance the CAP can down a little more in short Term, but in Long Term it will increase insanely.
It's true, bitcoin price movements also have an important influence on CAP. If bitcoin goes down then bitcoin CAP will also go down because many of those holding bitcoin have already left, this is the effect of there being no support which can trigger the price of bitcoin to rise again.

5
After halving we have not seen any positive things happen in the market but according to predictions the halving does not alter the price faster so as we have experienced 73k$ before halving so without doubt we will see price movement more than 73k$ after halving.
Before halving and ETF approval, I had always said and anticipated that two will derive the market!
  • US ETF
  • Halving bull run

I said, if A refuses to move the market, that B will. And fortunately A already moved the market. We shouldn't expect the effect of B almost immediately.
Does this mean there is a good opportunity for the price of bitcoin in the future? because remembering what you have said that some group A has moved markets.

6
Bitcoin Forum / Re: Roger Ver has been arrested
« on: Today at 09:34:50 AM »
Really funny, what made me laugh the most was this quote:
Quote
Bitcoin.com remains steadfast in our mission of making money accessible to everyone, everywhere, without limits
It seems as if they are presenting themselves as they and "Bitcoin" the same thing!!!

In any case, the United States began its major war against everything related to Bitcoin and Crypto, starting with central and decentralized third-party services and ending with institutions and individuals, in a clear message that no one is outside its grip.

It is clear that they will now start prosecuting all known personalities who own Bitcoin on charges of tax evasion.
If America imposes a strict ban on the use of bitcoin like this, it will be bad news for bitcoin and most likely this will cause the price of bitcoin to collapse. I suspect that what the American government is doing is aimed at controlling the price of bitcoin.

7
I disagree with you. Simply because  when it comes to BTC there is no decentralization.
I'm actually confused by your statement that Bitcoin is not decentralized? Isn't the main goal of bitcoin the creation of a decentralized digital currency? So far if BTC is not decentralized then my knowledge is wrong and the whitepaper I read from Satoshi Nakamoto has no meaning.

8
seem like they are up to compete SOL or MATIC and all the the tokens there are going to be released by the using this BUIDL. i could be wrong but this is either a launchpad or an L2 project.
I don't think that's the case based on the description they used shared in the article above. It sounds like this is just another index fund disguised as a token. Basically, anyone who buys the tokens can enjoy passive income from multiple projects that Blackrock invested in, but the token's value is backed by nothing. They claim the target price is $1, basically like a stablecoin but they will continuously mint new tokens to distribute the passive income. If you want to accumulate alts, this is not the product for you, CMIIW.
How long will Blackrock provide passive income? I think Blackrock will consider this because there is a possibility that they are giving away too much passive income to their users. Some time ago there was also a rumor with HBAR which said they had support from Blackrock but in fact it was fake and just a marketing strategy to increase the price of HBAR in the market.

9
Bitcoin is easier to get ETF approval, because bitcoin is the King of crypto currencies, more popular and safer than ethereum. The SEC needs time to review Ethereum's ETF proposal, so just wait. I am also waiting for good news from ETF
Not only as king but because of other factors such as the bitcoin supply factor, which is certain that it cannot be increased or decreased, only 21 million bitcoins. After that, many platforms accepted payments using Bitcoin. This is how Bitcoin finally received ETF approval.
Agree with what you say, so far Bitcoin has very high demand and many people want to have bitcoin because they realize that bitcoin is very good as a long-term investment.

10
1. Do you think that eventually approval for Ethereum ETF will happen in either in 2024 the earliest and 2025 the most?
This time, many parties are starting to doubt whether the Ethereum ETF will be defunded this month. Yes, however, no one can force this ETF to be approved. Indeed, in fact the SEC is still silent about the actual progress and various possibilities related to this Ethereum ETF approval. However, some crypto insiders speculate that it is likely that it will be rejected. But yes, I don't know whether it's correct or true, it needs a little drama first so that the market will increase even more because it is approaching the bull run.
Unfortunately there is still no serious response from the SEC, which shows that Ethereum still has not fixed the problems found by the SEC. Ethereum recently seems to not care about its community anymore because maybe they already have a high selling price and don't really want to provide significant improvements.

11
Ethereum Forum / Re: Eth hold or Trade?
« on: Today at 08:56:29 AM »
There must be enough time for us to complete any task. Trading requires a lot of market research and regular monitoring of market charts but if we don't have that much time then I say we should stay away from trading. Those who don't have enough time can invest because investing doesn't require enough time but those who have time can manage their business as well as invest because if they have time they can do both at the same time.
Exactly, investing in coins has the potential to be the most appropriate way to enjoy the benefits of cryptocurrency. As long as the coins we buy are good, like Bitcoin, BNB, Ethereum and Solana, we will still make a profit.

12
Ethereum Forum / Re: Gas fee on ethereum
« on: Today at 08:54:28 AM »
Gas fee on ETH is very high but i hope soon when the market go high that time the ETH fee is going to be low becasue that time the transactions limit is high and the ETH fee will low at that time. ETH is the best coin and this is the king of all ALT coins in the crypto market. Crypto market is the world best market and the future of the ETH coin is very good and best.
Currently the fuel costs for making transactions on Ethereum have started to fall, you can see it https://etherscan.io/gastracker.
If you have assets to claim or want to send money using the Ethereum network then now is the right time because gas fees are falling.

13
Many friends participated in the airdrop on the BASE network, but I haven't tried it because I don't have time to participate there. Maybe next time I'll try it. because currently I am more focused on trading and buying potential coins to hold
Yes, yesterday there was an airdrop for users who are active on the BASE network and have a warpcast account and are active there, many people qualified and got 64 SPEC at $6/spec for now, maybe in the future there will be many airdrops like this
This is a surprise for the BASE network which has a new network, with more and more airdrops that can generate money, the use of the warpcast platform will increase. I don't know whether in the future it will still be able to provide a lot of profit or not.

14
There are always certain criteria and Binance must have reasons and can prevent it from being able to carry out transactions in its place. It is clear that those who trade there are, of course, with good intentions, although there are quite a few who misuse it, but it is certain that many more are for good purposes. Of course, there will be mechanisms that can be implemented by Binance for abuse that deviates from the rules made by Binance.
Basically we use Binance to trade, but if we see other people using Binance as a place for crimes such as money laundering and others then that is their decision because I am sure Binance has provided policies for all its users who commit crimes will definitely take firm action.
It is certain that everyone has the same rights to use Binance, such as you for trading, and maybe others use Binance for exchange and everything can be done as long as Binance does not prohibit it. If there is abuse that is not in accordance with Binance rules, and they know about it, they will certainly be subject to sanctions and blocking, but of course, it is not easy to determine if the abuse is carried out by anyone who does it, for example money laundering, it can be discovered by Binance itself.
It is true that currently everyone has the right to use the Binance exchange, but you should know that currently many countries also prohibit the use of Binance, maybe as you said, Binance does not follow the rules given by the government in certain countries so that the internet network in The country cannot access Binance.

15

no one can guarantee that whales will always increase the price of bitcoin, sometimes when they make a profit they will immediately drop the price of the coins they have bought and leave. Whales will not hold their assets for a long time, when they have made a profit they will immediately sell them.
There are many typical whales, even though their goal is the same as making a profit. Some deliberately lower prices, then they buy in large quantities. then increase the price so that it can sell at a high price, then leave it to the market regarding the rise and fall of the price. they just hit and run.
It seems that everything definitely has a purpose, and it is clear that it is to be able to make a profit whether it is a whale or not, but everything can change if it is done simultaneously and not independently, because it will have no impact at all. It's okay for whales to do things by buying as much as possible and hoping that there will be an overflow from what they do so they can make a profit according to their wishes, but I doubt if they do it not simultaneously, unless they are institutions that have large capital. But I still believe that trading in this way will not last long because the market may not respond.
Maybe the whales do it simultaneously because when you know the group that has whale members and give one order to buy or sell coins on the market then they will be able to move the price of coins on the market, a system like this has been used by many whales who always combining all its strengths into one to move the market.

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