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Messages - TomPluz

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1
I don't advice entering a competition when you not yet skilled or experienced. Is not worth it  You will make losses that wouldn't meet the reward. Future trading is risky like very risky as a newbie trader

I would 100% agree with this advice most especially for a newbie like you. Future trading is not something that a newcomer like you should get into as there are more risks here...though seasoned traders can do well since they already have their foundations laid down and they know the many ins and outs of the business. Though, if you think that you know how to control your risk exposure, then get in for the sake of the experience and the lessons you can learn. All I would say is: be always careful and never let your emotions ruin your decision-making process. Good luck, man!





2

With the way things are right now in the cryptocurrency market, there is a big chance that Bitcoin will be moving sideways in the remaining days of April, therefore it would be so hard for it to soon be at the $80K gate. There is a mixed signal coming from many ETFs so we can't expect an avalanche of new demand coming from it, maybe in the next few months things can be a little different. However, I am expecting that there can be a big surge for Bitcoin in the last quarter of 2024, or so I believed. As old crypto believers in the market, we all know that Bitcoin can be a very unpredictable beast and even the beast prediction can be thrown to the trash anytime...so let's wait and see what can be. 

3


We can say that the biggest impact of Bitcoin halving can come after the very event and it can take some time before it materialize before our every eyes. This is assuming that halving 2024 will be following the historical precedents and not be a unique one where it would be following a different path this time around. Well, only time can really tell which direction will Bitcoin eventually go...so this can be like a wait and see game for all of us. The lesson here is quite clear: continue on holding and even buy more as the current price is still very attractive.


4


Wag ka mag-alala masyado dahil walang mangyayaring gyera sa pagitan ng China at Pilipinas hanggang buhay pa ang USA at malakas pa ito...pero kapag wala ng power ang USA at talo na ito dyan tayo kabahan kasi ang China, Russia at Iran na ang magpapatakbo sa buong mundo. Sa totoo lang ang world War 3 ay talagang drating yan kakampi man tayo o hindi ng kahit anong bansa...darating talaga ang panahon na kailangan na pipili pero as what I said don't worry so much on that kasi ang alam ko lahat daw ng may Bitcoin or altcoin ay di daw tatablan ng bala at bomba (joke lang po!). Ngayon, kung may gyera ba ay lalago ang Bitcoin? Mukhang mahirap na tanong yan...na ang sagot eh oo, hindi o pwede. sa madaling salita, tingnan natin kung ano ang mangyayari kung dumating na tayo sa panahon na yan.

5
Sa isang inaasahang hakbang galing sa SEC Philippines, kumuntak na ito sa Google at Apple na alisin na ang Binance App sa kanilang platform para di na talaga makapag-negosyo pa ang Binance kahit kailan dito sa buong bansa at ang mga members nito ay di na maka-access pa sa Binance. Kasunod ito sa desisyon ng SEC na wag na payagan ang Binance na maka-operate pa sa Pilipinas dahil sa kadahilanang wala itong license at legal na katayuan dito sa atin. Sa pangyayaring ito, mahirap na ngang manatili pa sa Binance kasi di natin alam ang mga sunod pang gagawin ng SEC kaugnay sa isyung ito.


1. Ano ang nararamdaman mo sa pagpaalis ng SEC sa Binance dito sa Pilipinas? Ito ba ay nararapat lamang o medyo di makatarungan lalo na sa mga maliliit na tao na nasa industriya ng cryptocurrency?

2. Sa tingin mo, babalik pa kaya ang Binance dito sa Pilipinas sa pamamagitan ng pag-comply ng mga requirements na kailangan para maging legal sila dito sa ating bansa?






7
Quote
Coinbase Global Inc., one of the leading cryptocurrency exchanges, is anticipating that with the Bitcoin halving completed, macroeconomic factors will be pivotal in dictating the price trajectory of digital asset markets.

This is a clear contradiction from previous post-halving events where a bullish run is certainly guaranteed due to industry-based push factors.

According to a research report, analyst David Han emphasized the significance of external factors in influencing crypto markets, even as crypto fundamentals remain robust. Some of the external drivers ticked by Hans include heightened geopolitical tensions, prolonged periods of elevated interest rates, reflationary policies, and escalating national debts.

Analysts anticipate that given these prevailing macroeconomic conditions including geopolitical tensions and monetary policy decisions, the cryptocurrency market is likely to chart a different path post-halving.



More details on this here.



With both ETF approval and halving done and their influence already maximized in the price movement of Bitcoin, I am sure that the market will be focusing on other factors including those that got nothing directly to do with it.

1. Do you believe that Bitcoin will really be influenced by external factors like, for example, the geopolitical tension happening right now in the Middle East and the ongoing weakness of the global economy?

2. Do you think that despite these factors, Bitcoin will eventually reach $100K within this year and be at $150 in 2025...or you think that these are just speculations hard to be a reality?

3. Do you have your own projections on where Bitcoin will be a month, a quarter from now and what can be the basis of your own projections?






8
I am expecting some impact for Bitcoin that this approval of ETFs in the Hong Kong market though everything will depend on the volume of the demand this platform will be creating.

I still don't understand whether and how easily Chinese can trade in HK.
If they can, HK BTC ETFs inflows will be massive.
If they can't, those ETFs will be inconsequential - I think

I am also thinking of the same thing. I used to assume that mainland Chinese can access the crypto market the way it is right now in Hong Kong but I think I am wrong. Chinese coming from the mainland are having a hard time getting into the crypto market in Hong Kong based on this article published by Yahoo Finance. While we know that some can be able to get through using "underground" means and ways, they will not be making that big impact in the market. Hence, the conclusion is that "Hong Kong’s crypto ETFs will be ‘nickels and dimes’ compared with U.S. versions" all because this is going to be limited to the Hong Kong market sans China which is a lot bigger and can even be compared to USA, for that matter. Nevertheless, this can still help even in limited ways and if many countries will also be following this lead then maybe there can be an avalanche of more demand for Bitcoin aside from the one in the USA.







9
What happens when a shareholder decides to dump a large amount of such shares on the market? Would that be equivalent to dumping bitcoins? After all, it's just a change in the company's ownership and bitcoins held by the company remain untouched.

This is a good question and since we are now seeing this thing happening in the market right now, maybe discussing this to further illuminate on the subject can be worth it. As for me, the situation you mentioned above will not have a direct effect on the price of Bitcoin as it is the shares of that company that got sold and is not really the Bitcoin being held by the company in question. Now, will there be a kind of ripple effect on the market that can sway Bitcoin somehow? I think it got something to do with confidence on Bitcoin. Like why would you sell shares of that company if you think that Bitcoin will continue on soaring? This will come into focus with big companies because a move like selling shares will come on the news much more so if there is some connection to Bitcoin.



10

"Hey relax we have not started it yet..."

What we experienced so far can be considered as just a preview of the power of Bitcoin so I am expected its influence to be more relevant in the next many months of 2024 and can even extend to 2025. Many people already know that this time around, halving will not be producing that dramatic moves for the price of Bitcoin, As of the moment, Bitcoin is around $65K which is a little bit far cry from the new ATH it already established...maybe all of us are looking for Bitcoin to go beyond the last record and maybe even fly high to $80K since we both have the ETF approval and halving as the two biggest triggers at hand but alas the market seems to me is not anymore excited for such a run and maybe those triggers were already factored in weeks ago. Now, with this scenario, we should not really worry and not just relax because the best things are yet to come. But I guess it would be a slower process this time around but eventually Bitcoin will get there...so we should continue on hodling and never be pushed by FOMO noise in the market.


11
Whatever he will do with his money is his own personal business and with that the market should not really care. People like Michael Saylor is in the crypto business to make the most money they can and because of this they should not be regarded like the standing hero for the industry. We know that Michael Saylor has become a very popular figure  for things Bitcoin and he is a big influencer that can practically move the direction of the market if he wants to...so he is therefore a whale whose slight movement left and right can have repercussions in the market. Sadly, this should not have been because Bitcoin is of the people and should stay as such. One big reason Satoshi Nakamoto left on the scene is so that there will be no central figure that may command the direction of the decentralized platform he help invent and yet we heaped on some figure the influence which should not be, in the first place.


12
When you spend more time in Bitcoin market, you will read more news about this market and Bitcoin. You will read many criticism or just hilarious and jealous comment that Bitcoin investors got profit because they were lucky.

Unlike the past early decades, in the current era we are in when information and knowledge can come and go in an instant, we should realize never to be distracted by the noise and be confused on what to do. One must learn to shift gold from dust...knowledge from information and date. In the crypto market especially in Bitcoin investing, one must never be lead by FOMO as it can be the best way towards self-destruction. There is now a very common strategy in the market and it is buying when there is a dip and usually those people who are following this adage will come out to be big winners in the market. In the months after the halving, I am expecting more and more bad and good news on the market but real and solid investors will stick to their plans and strategies and will never deviate an iota as that can be where people will meet the unexpected.



13
I was going to send around $40 worth of bitcoin to an exchange but when I saw the fees above $100, I had no choice but to retreat. It's very crazy, funny and annoying at the same time...

Indeed, it would be so crazy to pay $100 just to send BTC with $40 in value. The sad part is that with a situation like this, there is nothing we can do but just stay still and do nothing. Of course, it would be different if you are sending Bitcoin worth at least $100K as the possible fees can be negligible but for one who is sending normal amount of Bitcoin this is bad. However, since the rate happened immediately before, on or after the halving, then maybe we can understand, The only thing to note is that actually there is no big jump in the price of Bitcoin and so what we experienced is the jump in fees. I am expecting that as the dust will settle, we can get back to the normal fees (which to me remains to be high, in reality).



14


I am expecting some impact for Bitcoin that this approval of ETFs in the Hong Kong market though everything will depend on the volume of the demand this platform will be creating. However, we should not be so excited with this prospect all because immediately after the halving there can be "buy the rumor, sell the news" kind of thing leading for Bitcoin to go into some dip before it would soar high like a reawakened Phoenix. With this in mind, these ETFs based in Hong Kong can be a good addition to what we already have in USA and for sure combined they can be a good force that can benefit Bitcoin in the long-run. I am hoping that soon we can also have Bitcoin ETFs approved in other big Asian markets like South Korea and India.

15


With the halving already occurred, there is no significant move in the price of Bitcoin so it means it can be considered already as "sell the news" event emphasizing that in the short-term we can not expect dramatic movement upwards for BTC but looking at it in the long-term lens the sentiment is very much positive for Bitcoin. Now, that means we can expect BTC to be back at the shattered ATH record within weeks and then if the market will agree it can go beyond the $100K within 2024. The idea here is that it is time to HOD Bitcoin and never to sell unless one is in an emergency situation. The market will eventually rise as time goes on so we don't have to be distracted by its current rate, just like in the past.

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