WAS THIS A BOTTOM ?
For the past 30 days we may have witnessed the bottom for BTC. It could be well a bottom for the first quarter. It could be the bottom for the year. Lately crypto has been sending mixed signals.
You need to be experienced to understand the ramification and make a bold move.
The wise move everyone should be making these days has to do with what crypto stands for.
Taking from there we may have a situation where crypto is imposing its will in the market. Lately I have seen a lot of platforms offering stock trading, forex trading and crypto trading. It is part of the financial market going forward. Every passing year is another year for crypto to go big.
You my have read the news about Bitfinex hack BTC recovered from 2016. The value then is like a drop in the bucket for the value now. If you think crypto is just a bubble, you are dreaming.
Crypto is the main attraction ever recorded in the financial world to date.
As a learning experience I often visited a gold website and right in there most of the articles go right into Bitcoin.
While they are pursuing the need to hold precious metals, it is hard to ignore the effervescence of crypto. The drive is spectacular when you look at years past and see what is planning ahead.
Let's just say it is the way to the moon. Even Hive was giving us a glimpse to grab some at 74 cents.
I bet you may not think it was the bottom then. As long you hold for the long term you are moving quite well. It may sound bullish but the next time you see below dollar Hive, fill your bags.
The risk is still there and always be smart about your move in crypto.
Give or take the bottoms will come and go but your learning experience will earn you more in long term.
As you can see lately the Banks are involved deep in crypto. They write about it often giving the impression they are your guiding light. It could be well the way for them to control the market.
They do not care much about bottom or up, as long you trust them to transact, this is how business goes.
Not long ago crypto was labeled all the names you know but now crypto is aligned with Tesla, Microstrategy and the big insurances companies. Institutional investors are waiting for some sort of regulation to move in.
Hope you are not waiting for another bottom or else. Keep on vesting!
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
As crypto becomes more mature, I’ve noticed that it runs in a very similar up and down movement. Crypto just has much bigger outbreaks.
Crypto is becoming for many a way of life.
Volatility is there but not as crazy as it may seems.
Hive is the perfect example of proper volatility.
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We are still quite early and that is why we see such volatility in crypto. Just need to invest in good projects and hodl strong for long term. As you said, top and bottom - both of them are a part of this journey.
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I think the right track for crypto is about holding and look for viable way to continue to use Dollar saving average to get the right price all along.
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That's true! Even heavyweight traders use the same strategy because it works and doesn't put all your capital to risk at once.
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BEERKING.On the daily Bitcoin chart, MACD is in positive territory. RSI is bigger than 50. The price passed 20-day and 50-day EMA. The Half Trend indicator is on "buy" territory. These are all indicators that show that we are in an uptrend. It is also seen with the naked eye on the chart.
These are not valid for the weekly Bitcoin chart though. We need to climb higher for the weekly indicators to turn bullish.
As I witness great advancements popping all around the crypto space, I am optimistic for both BTC and Hive.
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Prices don't matter unless your buying or selling. So I don't think you need to worry unless your a trader and I don't think many of us are that. Either way, I don't care if it is or not because I am in it for the long term.
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This is positive seeing Hive has many many long term.
It will fortify the reason of its existence.
I am with you on holding long term.
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You as well talking about bottoms? Maybe or maybe not lol. I have seen other scenarios which show a bigger drop so who knows.
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