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Messages - Fenix

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Bitcoin Forum / Re: What is the cause of the sudden drop down of btc within 24hrs

« on: January 04, 2024, 07:40:50 AM »

The news says that recently Bitcoin (BTC) miners have begun to massively transfer significant amounts of their BTC to crypto exchanges. This caused the price of Bitcoin to plummet from $45,000 to $41,000. In addition, information has emerged that the SEC will not approve spot Bitcoin ETFs this month and one can only hope that this will not happen until the second quarter.
In general, this was to be expected. Periodic correction in the cryptocurrency market is necessary.

Bitcoin Forum / Re: Bitcoin Advocate Nic Carter Suspects NSA Invented Bitcoin

« on: January 03, 2024, 04:53:27 PM »

There are many versions of how Bitcoin appeared in January 2009. In this case, the various individuals and organizations involved in this event are named. But it has still not been established who was hiding under the pseudonym Satoshi Nakamoto. Most likely, the question of the authorship of the invention of Bitcoin will forever remain a mystery. After all, 15 years have passed and every year the chances of solving this are becoming more and more elusive. But maybe it's for the better.

Bitcoin Forum / Re: Bitcoin Halving 2024: Predicting the Price.

« on: January 03, 2024, 04:03:27 PM »

With each new halving, the price of Bitcoin far exceeds the previous price record. Last time Bitcoin reached $69,000, this time its price may well reach $100,000. The halving is expected to occur around April 7, with peak growth expected approximately eight months after the halving. That is, its peak price will come around December of 2024. But until this time, various price fluctuations are possible. Whales usually arrange price swings before a big increase when they buy up. Therefore, we need to take advantage of such moments as well.

Cryptocurrency discussions / Re: Will banks use privacy coins ?

« on: January 02, 2024, 09:34:47 PM »

Now, on the contrary, we see an attack by states on coins with a high level of anonymity and confidentiality. Some states are simply banning them, while others are gradually making their circulation more difficult. Therefore, the risk for owners of such coins is constantly growing. And since banks are practically part of the state system, it is absolutely impossible for the banking system to use such coins.

Cryptocurrency discussions / Re: Cryptocurrency good or bad for loan?

« on: January 02, 2024, 09:15:07 PM »

It is absolutely stupid to take out a loan to invest in cryptocurrency. There is a double risk here: the risk that the cryptocurrency will fall in price during the loan period and, in addition to losses from investing in cryptocurrency, you will also have to pay additional interest on the loan plus the loan amount itself.
In general, I try to never take out loans. After all, you can almost never be sure that the invested funds will bring more profit than will need to be repaid on this loan. When working with cryptocurrencies, you must rely only on your personal funds if you do not want to have financial problems.

News related to Crypto / Re: Countries around the world are passing crypto laws — but the U.S. is the top cop

« on: January 01, 2024, 08:31:13 PM »

The circulation of cryptocurrency, the activities of cryptocurrency exchanges and exchangers, will sooner or later be regulated by states. There is still a lot of chaos and abuse in the cryptocurrency market, so general regulation will benefit it.
And in order for cryptocurrency to be legally used by citizens, it is necessary for states to enshrine its status in their laws. Cryptocurrency has existed for 14 years, its volumes are growing, so it is not surprising that the state is finally paying more and more attention to it. The good thing is that states do not ban cryptocurrency, but are trying to regulate its circulation. But at the same time, cryptocurrency will inevitably lose some of its anonymity and confidentiality.

News related to Crypto / Re: Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis

« on: January 01, 2024, 08:01:22 PM »

Former US President Donald Trump sold his ETH earnings from NFT collections, amounting to 1,325 ETH for a total of over $3 million. There is nothing unusual about this, except that he is interested in and uses cryptocurrency. In any case, if he becomes president again, he is unlikely to ban cryptocurrency. However, I would not like him to win the presidential election in November. In this case, US international policy will change greatly and not for the better if it supports Putin and his war of aggression in Ukraine.

Bounties & Rewards [BOUNTY] / Re: 🟥[BOUNTY ACTIVE]🟥 FxBoX - ESCROWED | Lottery | every week GIFT/PAY| Signature

« on: December 30, 2023, 06:48:08 PM »

Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???

« on: December 30, 2023, 05:57:13 PM »

Quote from: sampoerna on December 24, 2023, 11:40:35 PM

Quote from: Odusko on December 24, 2023, 01:12:54 PM
Many coins in the market today are scam and if you take statistics and we thoroughly want to be real to ourselves we can say we have more scam project than real one. It means investing into a new project that was not really research on will make you to invest into a scam project.
Not sure which one is more, scams or real projects. But no doubt if there are already many of scam projects. That's why we must be very careful to choose crypto projects, we don't be easily influenced by new projects. I think we are better to choose trusted projects, it is safe to hold for a short or a long term. Scam projects are getting difficult to identify, scammers become smarter nowadays!!

Investing in new cryptocurrencies has always been risky. Therefore, it is best for beginners to start with those cryptocurrencies that have the highest level of capitalization, such as Bitcoin and Ethereum. In order to invest in new altcoins, you need to thoroughly study the project itself and its team. But even so, there is no absolute certainty that this project will not turn out to be fraudulent. Therefore, there is always a risk, but the profit in this market is usually higher than in others.

Stable Coins Forum / Re: Investing in Libra: How to Buy Into Facebook’s Digital Currency in 2020

« on: December 29, 2023, 07:10:48 PM »

Libra/Diem is already a dead project. After its sale by Zuckerberg, nothing more was heard about this stablecoin. This project's time is up. Libra/Diem was not released and is now unlikely to ever be released.

Cryptocurrency discussions / Re: What to do when the market is volatile?

« on: December 28, 2023, 12:55:21 PM »

Quote from: anobtc on December 22, 2020, 05:07:29 PM

I don't know why people always FOMO when the market goes up, and they chasing every green candle and buy in a very bad position. While you can wait until the market has a correction and find a good entry to enter the market.

The high price volatility of cryptocurrency is exactly what attracts most traders to this market. True, price movements in the cryptocurrency market are quite difficult to predict. However, profits can be made by observing large cycles of rising and falling prices, rather than engaging in day-to-day trading.

Ethereum Forum / Re: Reason why you hold Ethereum

« on: December 28, 2023, 12:23:50 PM »

Since its inception in 2015, Ethereum has consistently outperformed Bitcoin in growth rates. The only exception was the current year 2023.
Next year, Ethereum may surpass Bitcoin in terms of price growth. Technological advances and Ethereum's unshakable position as the leading smart contract platform could serve as the fundamental foundation.

The rise in Ethereum price will be facilitated by the “deflationary burn mechanism” introduced in August 2021 through the implementation of EIP-1559 as part of the London hard fork.

Decreasing coin supply coupled with attractive staking yields could result in Ether surpassing Bitcoin in market capitalization. That's why I keep Ethereum in my wallet.

Dogecoin Forum / Re: Should i invest in dogecoin?

« on: December 27, 2023, 05:18:28 PM »

Quote from: kent47400 on December 27, 2023, 05:41:37 AM

Doge coin is great to have, but it is for the long term and cannot be profited from in the short term.
It took quite a long time for the Doge coin to reach its current price from 2013, and I still remember the previous value was around 1 Satoshi for the price of a Bitcoin fraction.
Doge coins also depend on whether investors and traders want to buy them or not because the basic concept of Doge coins is Decentralized, which can change whenever the price changes and this is dangerous for ordinary people.

I am very distrustful of meme coins and Dogecoin as well. This coin has skyrocketed in price because of Elon Musk, and it can just as suddenly fall as it took off. This coin needs to add various useful functions, only in this case it will receive some kind of solid foundation.

I do not agree with the opinion that this coin is designed for the long term. Coins that have practical useful properties are designed for the long term.

Bitcoin Forum / Re: I believe Bitcoin can reach $50k during this Christmas what do you think?

« on: December 26, 2023, 05:15:01 PM »

Quote from: kulkhan on December 24, 2023, 04:30:08 AM

Quote from: SamReomo on December 14, 2023, 12:33:14 PM
I have been speculating the price of Bitcoin and reading it's charts on daily basis to see what's going to happen and I can see some positive upward moments in price of Bitcoin and if those moments get intensity then it's possible to see Bitcoin at $50k during the Christmas time. If that happens I'm sure that Bitcoin can easily cross $120k mark in this bull run.
Overall considering i think durning this Christmas Bitcoin price will hit $45k. Now Market is Gradually increasing So it’s Price also up. But i don’t think Bitcoin Price will easily cross $120k within this Bull run. Because i think For $120k price need more two bull session.

I Believe within short time Bitcoin price will touch New ATH. And within 2025 Bitcoin Price will hit $80k-$100k.

Most of the people who voted in this thread were too optimistic. Christmas has already passed, but by this time the price of Bitcoin had not reached either 45 thousand or 50 thousand dollars. As far as I remember, during the Christmas and New Year holidays the price of cryptocurrency drops because during this time people spend a lot of money and sometimes sell some of their cryptocurrency. Therefore, I do not expect a significant increase in the price of Bitcoin until the second half of January.

News related to Crypto / Re: Crypto analysis: BTC Holds Strong at $27,000, Optimal Buying Opportunity ?

« on: December 26, 2023, 04:21:17 PM »

Quote from: TomPluz on October 23, 2023, 05:15:56 AM

AS of press time, Bitcoin has already soared higher than $30K and this is where it rightly belongs as we are ending the year 2023. I am sure in 2024, we can expect BTC to be slowly gaining grounds towards $40K, Now, if anybody here bought BTC when it was just $27K then I am saying this: Congratulations and please continue hoping that it will not be dumping again...so we can say that October is actually a good month for the King of Cryptos.

This year 2023 ends in five days. The price of Bitcoin indeed not only rose to $40,000, but also reached over $42,000. But the halving is still more than three months away. I expect that during this time the whales will not miss the chance to provoke a fall in the market before a big rise in the market, so that weak hands begin to sell cryptocurrency. I'm still waiting for this period.
Well, towards the end of next year, I hope that we will witness a big rally that will surpass previous price records.