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Messages - Citysatoshi

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1
How are you my friends i hope you are all well. There are two types of people in the market, some big investors and some small investors, Big investors don't care about this situation but it is very sad for small investors. When the market falls sharply, I wonder how the market situation can suddenly do that. I know that market graph charts and news mean a lot, But if you look at them, the market is going in the right condition, then suddenly it starts falling down, for no apparent reason. This shows that the market is taken up by itself and then brought down by itself. I want to know how long this market situation will last, And when will the market start to go up?

In my opinion, actually big investors care about the market situation before buying just like every other persons investing. There are no reasons why big investors will just jump into the market without any idea of the crypto market movement, otherwise he or she may loss capital, because market conditions may go to near ZERO. If big investors does not not studying the market conditions before investing, may be the market would have bounce back or overpower the bearish market.
Again, crypto market doe not go up or down by itself, the Demand and supply principles play out everyday to make the market to either go up to down.

3
Binance Smart Chain + Ecosystem / Re: Does BNB Reached To $1000
« on: December 19, 2022, 06:48:32 PM »
The chance of BNB hitting $1000 is very likely to happen  but this it may not be at this current bear market conditions. BNB is a potential coin and has very good  marketcap with huge daily volumes on exchanges. I think that BNB will definitely surpass $1k when the market becomes bullish, hoping it achieve this fit in 2023/2024.

4
All this unnecessary issues of proof of reserves checks are just the outcome of FTX saga, though the audit is a good idea but it is increasingly becoming political, and witch hunting of certain persons thought to be from one region that is perceived not to have gotten rich, popular among other negative things. I have been  following some claims by some persons at the hearing of the FTX investigations but unfortunately, many are trying to bring in outsiders, to create confusion. I am still watching the event as it unfolds.

5
The proposed proof of reserves check is meant to guarantee investors confidence but the manner at some CEX exchanges are going about it may not stand the text of time, some authors who did contracted by certain CEX exchanges for the proof of reserves checks could not carry out the exercises, unfortunately, no concrete reason we’re giving. I think that the crypto exchanges may get these audit organized in near because it is like there may not be trust on the exercise on the current conditions of the FTX saga. I think there may be some sentiment being playing out, in my opinion.

6
Speculation is one the features that will either drive up or drive down the market but we are still on the bearish market. The Binance exchange has no sign that it may sink, though there are heavy investigation and criticism of Binance past dealings in the US and some other countries. I am seeing a competitive battle to bring Binance down by some higher power investors even out side the crypto economy. Binance CEO is facing trial for money laundry, but I think that it is a gimmick to pull Binance down, after it published its  prove of reserves some weeks ago, and some concerns about the FTX collapse.

7
Cryptocurrency discussions / Re: regulating cryptocurrency
« on: December 18, 2022, 03:31:35 PM »
Why are many governments not regulating cryptocurrency?
 :-\ :-\ :-\ :-[ :-[ :-[

This is  because cryptocurrency is actually a decentralized blockchain network and does not supposed be regulated by governments in the first place. But certain governments policies tend to take care for investors and the public users through regulatory strategy. The planned regulation is part of government trying to regulate crypto for their advantage, like a revenue drives, and top of the moves, they want to earn even through taxation, fines, registrations etc.

8
Cryptocurrency discussions / Re: The Red December
« on: December 18, 2022, 03:02:29 PM »
The market has been bearish before this red December and the red market may take longer than we may expect. Bear run is going stronger by the day, there are little or no volume to push the market upward; I am sure the market come back in few months, first quarter 2023. I am out of the market until there is improvement.

9
Binance Smart Chain + Ecosystem / Re: All eyes on Binance, why?
« on: December 16, 2022, 08:26:42 PM »
Yes, many people sees Binance as a big organization which has given it a huge attentions to the the network, the Binance smart chain (BSC). The popularity of the Binance exchange has also uplifted the its native token, BNB coin. I think that Binance has been able to market itself as the best CEX exchange, one of the best blockchain networks in the world, and consequently, all eyes now focus on platform as the number one. I think that Binance is now the king CEX exchanges, just as bitcoin became the king of crypto.

10
I think the bear run exposed the various collapse especially the FTX exchange, it is clear that FTX has contributed greatly in worsening the market fears, and there were so many investors that had dumped their portfolios to cut loses. Without any doubt the crypto market will remain stronger in near future, I just hoping there will be green market after this winter. The crypto ecosystem is known to pull some some surprises, and I am optimistic that 2023 will come up with a big bounce.

11
The creed and fear index may be going negative, the bear is waxing more deeper and no ending yet in sight, the market is currently nose diving as at the time of writing this post. There is  no volume and traders and investors are not comfortable at this situation; we may be heading to the bottom according to some analysis.

13
One of the biggest means to create awareness for a new start up project (ICO) is through the social media platforms campaign/marketing ways. Social media marketing are good ways to raise awareness, and this is carried out in form of bounty campaigns or could be carried out through direct advertising on the various social networks like, Twitter, Facebook, Instagram, YouTube etc. News and articles writing on some of the popular blogs site can also help to create awareness for new ICOs projects.

14
Ethereum Forum / Re: Eth and Lunc! Who will win?
« on: December 12, 2022, 09:26:49 PM »
At this point in time, Eth needs to buckle up. Some might say lunc can't be compared to ETH but actually lunc is having a bigger vol in CEX.  This popularity about lunc can knock out ETH but not withstanding, Eth still as the best ecosystem. What do you think guys?

I don’t see the possibility of Lunc overtaking ethereum even on the current market conditions or when the bull run is fully back. I think that Lunc is just trying to get a quick recovery momentum to bring back Luna after the collapse. No matter how the lunc surge, I doubt this probability, though in crypto any thing can happen.

15
Cryptocurrency discussions / Re: Just how bad is the bear market right now?
« on: December 12, 2022, 09:13:40 PM »
Yes, the bear season will bring in buying opportunity and could also cause huge loses of the bear continues on the downward trends. If you buy at certain range, for instance, $16k and price  continue downward to $12k, a buyer at $16k will definitely start loosing his or her capital. In addition to the idea of buying low, there is need to good TA/FA before taken a position. I have decided to start buying at $13k because I think that bitcoin price may continue the downward movement to it bottom in near future.

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