Until Tether situation does not get cleared up completely, I am not pouring another euro into crypto.I think tethers are mostly responsible for the bullishness in the charts, but Tether use is showing no signs of slowing down. We have seen that provided that they aren't totally shutdown (as in their operations are fully seized by some enforcement action), then tethers are likely to be used to continue to pump the major crypto assets, even if there is more bad news surrounding Tether.
Barring an actual Tether shutdown, to me the charts are suggesting a lot more upside to come for BTC and ETH. If BTC makes a move higher, watch carefully for a rejection around 13-14k for a possible drop to 9-10k. For ETH, a potential rejection area is anywhere above around $360. A dip from around 400 to around 350, or lower, would be pretty normal for this market. These possible dips could be viewed as buying opportunities.
I think tethers are mostly responsible for the bullishness in the charts, but Tether use is showing no signs of slowing down. We have seen that provided that they aren't totally shutdown (as in their operations are fully seized by some enforcement action), then tethers are likely to be used to continue to pump the major crypto assets, even if there is more bad news surrounding Tether.
A possible approach could be to just hold some of the major coins from now on, and give up on trading until either Tether totally goes away, or we're much higher than here. Trade/hold at your own risk.
Until Tether situation does not get cleared up completely, I am not pouring another euro into crypto.
I wanted to share this video from Bob Loukas, an experienced trader who has some interesting insights into bitcoin and its cycle. This video is the first of four I believe, but I recommend you start with this one. It's aimed at average Joe. Might be a bit old for some, but I learned a few things.
Looks like you were right. It got rejected just under 360. Now we wait and see.or ETH, a potential rejection area is anywhere above around $360.
Looks like you were right. It got rejected just under 360. Now we wait and see.
I chart based on Coinbase Pro data, which hit 364, so amazingly this prediction was correct, as was my prediction to watch for a rejection on BTC in the 13-14k range. Coinbase hit a high of 13.8k. The rejections went deeper in a shorter time frame than I was expecting though.
It's hard to say whether they're done correcting. There is a reasonable chance that BTC has retraced enough already. If it breaks 11k, the next stop could be 9.5k. ETHUSD's low also bounced off a trendline, so it would be preferable from a bullish perspective not to dip much more. If BTC goes, ETH should go too. I don't think we have seen the highs for the year, but I couldn't say exactly what is most likely from here yet. Will need to watch it for a bit first.
Is 1800 BTC still possible? Or do you think that we will see a new high first? Many indicate that there are still new lows to come, while others praise a new bullrun. I don't know what to believe right now, as summer always tends to be a little bit bad for markets. Still, bakkt is right around the corner, and so maybe tether. Risking it or not...
Did you buy before or after it tanked almost 25% today?So... I'm back fam.
I think I'm gonna play the long game with altcoins this time. They have to hyperinflate at some point. As soon as it turns into silly season I'm gonna sell and go on a cruise or something.
You are already dead :P.Hello dear people! I'm interested on this thread! XD
Bought a small amount divided between BTC and ETH just to experiment and understand the dynamics.
Thanks Donos! Already marked to read it later today.balgajo don't leave your money /coins on exchanges:
Just one of the several recent cases of exchanges who got "hacked" and/or closed or exit scamed. Other examples are QuadrigaCX, Cryptopia, coinsmarkets, bitgrail to name a few. People who had coins there are fucked and lost it all.
balgajo don't leave your money /coins on exchanges:
Just one of the several recent cases of exchanges who got "hacked" and/or closed or exit scamed. Other examples are QuadrigaCX, Cryptopia, coinsmarkets, bitgrail to name a few. People who had coins there are fucked and lost it all.
Unless you are planing to daytrade (don't), move everything to a personal wallet (paper, desktop, mobile or hardware wallet) asap.
Just one of the several recent cases of exchanges who got "hacked" and/or closed or exit scamed. Other examples are QuadrigaCX, Cryptopia, coinsmarkets, bitgrail to name a few. People who had coins there are fucked and lost it all.
Unless you are planing to daytrade (don't), move everything to a personal wallet (paper, desktop, mobile or hardware wallet) asap.
Coinbase, like all exchanges, has a wallet for every coin they list in your account. But while it's your account, if CB/exchange goes down or wallet has a month long maintenance or the exchange owner decides to withdraw everything to the caiman Islands, you don't have access to your coins. Would recommend to read up on all this carefully before investing your money.Any suggestion for a personal wallet (desktop)?
Aren't coinbase the equivalent of a wallet?
Coinbase doesn't support my country either. I use Cex.io and CoinmamaI wanted to get into this, but Coinbase doesn't allow to buy/sell in my country yet :(
I use an old cell phone disconnected from the internet to cold store BSV. Works fine, as long as you use reputable wallets.
Consider yourself lucky. ;)I wanted to get into this, but Coinbase doesn't allow to buy/sell in my country yet :(
Could I just install Exodus on an external hard drive that I just connect when I want to sell / trade / buy? Or if not possible on a drive, on a older computer that is almost always offline?