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MrSpasybo

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  1. We have had a series of exciting days since BTC bounced from $29.5K on July 21. Most of the "famous" coins are recovering and BTC price is safe above $40K. However, one thing that worries me is that the total market cap has not had a large fluctuation, has not reached $2T and BTC.D is trending up. If we analyze the market, we will see that the recent NFT games trend is being pumped up strongly, represented by AXS which has increased from $3 on June 22 to $56 on July 27, are low & mid cap tokens, not top coins. Most of the NFT game projects appeared a long time ago and also underwent a deep adjustment on May 19, not new and interested in the community. So I think their growth is just a tool for whales to suck more money into the market and signal to investors about a new rally and growth. Then, of course, there was a massive sell-off to end the market. What is your opinion on this matter? Is this a real rally and growth instead of a bulltrap?
  2. An event that is on every Bitcoin market participant’s radar this month is the multiple unlockings of BTC at institutional giant Grayscale. As Cointelegraph explained, the Grayscale Bitcoin Fund (GBTC) is due to release in excess of 40,000 BTC in the coming weeks, this having been subject to a six-month lock-up period. Opinions differ about its market impact. Some are concerned that selling pressure will increase (only to then become practically zero after the unlockings are over), while others argue that spot markets will be broadly unaffected. Sunday, July 18, is of particular interest, with that day’s unlocking worth just over 16,000 BTC. “When GBTC shares unlock and get sold, the GBTC Premium drops (share price drops relative to the BTC in the trust),” statistician Willy Woo commented last week. Source: Countdown to Grayscale’s big BTC unlock: 5 things to watch in Bitcoin this week On July 18, a large amount of GBTC will be unlocked, and according to many experts, this will have a negative impact on the crypto market. Many people say that investors can only sell GBTC but can't actually sell BTC, and this has no negative impact on BTC price. However, if GBTC price drops, BTC price will be seen as too high compared to GBTC price and the BTC price will also tend to decrease, at least not growing. And when BTC price is contained, we will probably see a serious drop in altcoins price, although the DeFi & NFT wave is gradually returning, because most of them are small cap tokens, easily be manipulated by whales. I believe this is the reason for BTC price to drop below $28K, and hit the Spring point in Wyckoff's model. I am holding USDT and placing orders to buy more Altcoins at very low price. What do you think about the impact of GBTC unlocking event on the crypto market? Are you planning to DCA in the next week?
  3. The Wyckoff Accumulation technical chart pattern has become the latest trending topic when anticipating where the price of Bitcoin (BTC) may go next. Some analysts have said that BTC’s recent dip below $29,000 signaled the “Spring” phase, which will soon be followed by a climb higher. Source: Bitcoin spring? Wyckoff 'groundhog' indicates crypto winter may last another 6 weeks First of all, for the Wyckoff model, I believe it is proving its worth in forecasting Bitcoin price movements during this correction. Each expert has a way to use this model in a specific time frame, I personally believe that Spring has not come yet, it will come in GrayScale unlock GBTC event. The question is: why do predictive models of this kind seem so accurate? + Is it true that the crypto market is naturally fluctuating with investor sentiment so Wyckoff's prediction model is randomly correct? + Are whales using predictive models to manipulate the market, similar to the ones they use to manipulate indices and price charts to create FOMO & FUD like in the case of AXS? I am a conspiracy theorist, so I think the second hypothesis is more appropriate, since the crypto market is still characterized by high manipulation by whales. What do you think about all this? Do you believe in natural volatility or extreme manipulation?
  4. The Bitcoin price surge in the last 4 days from $30K to $36K has given the whole market more energy, we see altcoins rally quite strongly during the week, between 20-40%. The number of crypto withdrawals from exchange increased and we have no more notable FUD. I have the feeling that investors have forgotten obsession of the past 6 weeks, they are ready to get back into market and spend more money into crypto. Have whales gathered enough Bitcoin & Altcoins to start a new FOMO phase to attract new money, to push the total capitalization from $1.5T to $6T? Or will we have to face another very strong whale dump before we can see the strongest growth in this bullrun?
  5. Bullrun 2021 is very different from bullrun 2017, when there are not only retail investors, but also large companies, financial investment funds, and in my opinion even governments. We see Grayscale & MicroStrategy collecting Bitcoin & Altcoins, and we believe this bodes well for the whole market. That is true, but only in the short term. I see big future risks coming from such institutional investors: +They are investors, which means they store crypto and then sell crypto for profit: Right now they are buying, the market will get a positive impact, but when they sell , things are going to be worse than what we've been through in the last 5 weeks; +These companies are quite capable of becoming new whales, with more financial capacity than private whales. Manipulation can be more serious when these companies band together in a large global campaign. What do you think about the impact of large companies and large investment funds participation? Is their participation really valuable to crypto market? What is more necessary for crypto: They or regulatory frameworks?
  6. McAfee made headlines in the crypto space and mainstream media for a July 2017 prediction that the price of Bitcoin (BTC) would reach $500,000 by 2020. When the price of the crypto asset looked even more bullish in November 2017, McAfee doubled down, claiming that BTC would reach $1 million by 2021. Source: Remembering John McAfee: Computer programmer and crypto evangelist dead at 75 I was a fan of McAfee back in 2017 when he advertised a lot of potential new crypto projects, such as Electroneum ETN. I was also an opponent of McAfee when he abused his popularity for projects that lacked transparency in 2018-2019. But in the end, we still have to admit that McAfee in 2017 is like ElonMusk in 2021. They are both big influencers in the crypto market. OK, goodbye McAfee, maybe his work for the crypto market will be remembered more than the antivirus he created. In the future, I think the time will come when our children will learn about blockchain & crypto in schools, and McAfee will be mentioned again as the first to speak out in favor of this new financial sector.
  7. Elon Musk has just made confusing moves on Twitter related to Bitcoin, the community is not understanding what point he is trying to express: support or give up. And no matter what, Elon Musk's tweet still affects BTC price and the entire crypto market. My friends are investing based on the news, they call it market and investor sentiment analysis. However the news is constantly changing and they are also constantly changing their investment strategies. I just see the news as a way for whales to manipulate market or legitimize price movements. Sometimes the news is quite useful and interesting, especially news about blockchain/crypto events, but I cannot use them for my investment strategy. At least I don't want to be a whale's puppet. I use a bullrun token price prediction model and everything depends on numbers and market situation, not news. The separation from the news makes my investment strategy more stable and gives me higher returns. Are you following the news as part of your crypto investment strategy?
  8. @Whited35 The problem for new investors is that when they check ALTUSDT, they will find that ALT price has gone too high and don't know which ALT to invest in. ALTBTC will provide them ALT's position during the altcoin season. If ALTBTC is very low it means ALT up phase is just getting started. Now I refer to both ALTBTC & ALTUSDT in my prediction model. This combination will give investors timely decisions to optimize profits.
  9. @Whited35 Regarding e-CNY, I don't consider it a crypto because it is not operated on a decentralized network. Everything is still under the control of the Chinese government, it is simply an improved version of the digital money. Many people think that China intentionally attacked crypto to win the market for e-CNY, but I think this is just a trick for China to buy more BTC from the market. Chinese investors missed selling too much BTC at the end of 2020 at $20K.
  10. @Whited35 Hotbit is back up and running and looks like it's settled. Regarding crypto storage, I think that storing crypto assets on reputable exchanges such as Binance, Coinbase, KuCoin, Kraken is safer than personal wallets, because of security technology of these exchanges are better than 2017, and they are obligated to compensate users when exchange has problems. Many traders I know still keep tens of millions of dollars on exchanges. For larger amounts, perhaps a cold wallet is a better solution.
  11. Coinbase Pro, the professional trading arm of the Coinbase cryptocurrency exchange, has begun accepting inbound transfers for Dogecoin (DOGE), setting the stage for wider adoption of the meme-based digital asset. DOGE trading will be rolled out in three phases, the exchange said. Traders will be able to access the coin via BTC, ETH, USDT, the U.S. dollar and the euro. Source: Much hype: Memecoin DOGE set for listing on Coinbase Pro A positive news for DOGE investors and meme coins, I think DOGE price will increase and continue to try at $1. However, this is not the most important thing, I think the DOGE boom can be the spark and signal for the new bullrun phase. From the beginning of the season so far, BTC has been the leader for the bullrun, but currently its price has been kept below $45K and has a rather negative impact on the entire market. It is clear that the market needs a new leader for this bullrun, enough to make investors believe in the crazy growth of the crypto market. And when it comes to madness, I don't think DOGE has a rival. The growth of DOGE price will make investors believe that the bullrun is still ongoing and can profit from the market in 2021. Whales also want to pump DOGE more than pump BTC because they want to accumulate more BTC at low price below $45K. I myself believe BTC will also get a positive impact from DOGE growth and will return to $60K soon. What do you think about this event? Can DOGE fulfill this mission? Do you believe the market will recover stronger after DOGE is listed on Coinbase Pro?
  12. Several large Bitcoin miners opted to cease operations in China this past weekend following the news that Chinese authorities were planning a crackdown on cryptocurrency mining. By Monday morning, three Bitcoin mining pools had announced plans to halt activities in China. BTC.TOP, which accounted for as much as 2.5% of the overall Bitcoin hash rate during the past week, said it would close up shop on the Chinese mainland and shift its operations to North America. Huobi cryptocurrency exchange’s offshoot company, Huobi Mall, also announced on Sunday that it would no longer sell crypto mining rigs in China and that it would suspend its mining operations there. Meanwhile, mining company HashCow said it would cease purchasing new Bitcoin mining rigs for the time being. Source: Chinese Bitcoin miners abandon ship ahead of incoming crypto crackdown We are not surprised by the FUDs coming from China, that have been talked about a lot in 2017 and are just a media tool to explain price fluctuations or a way for China to manipulate crypto market. However, this year will be a difficult year for Bitcoin miners in China as they are forced to look for a new place to mine crypto. I consider this to have a positive value, because it helps Bitcoin's decentralization become higher, not dominated and manipulated by China anymore. The fact that Chinese ETH miners's plan to launch a strike against EIP-1559 is more than enough, I don't want that to happen to Bitcoin or other POW blockchains. Anyway, FUD is still just FUD, crypto market is recovering strongly after the big volatility on May 19th. What do you think about this, are you worried about crypto market before the negative information coming from China? Are you someone who dared to buy dip a few days ago?
  13. It's strange that we don't have topics about this week's market. The capitalization has dropped below $2T, BTC price hit $30K and I know that many people's accounts are already half left. We've talked about market crashes this season, so let me be a little more specific about what's to come next. 1. About the news: there will be continuous negative news when bears are dominating; 2. About the recovery: in the worst case scenario, BTC will retrace to $58-60K and altcoins pumped quickly to reach a x10 index against BTC; 3. On the growth: if BTC can rebound strongly and make a new ATH at $67K, we will talk more about the future. I myself still believe more in this possibility, I believe that whales have not given up on the market and we can follow the PlanB model (standard & X). You can continue to hold token and follow market. I believe the top of the market will still be November this year. If you sell tokens at the bottom, you accept failure & give up the opportunity. I just bought a few more top altcoins, great price! What do you think about the market movements in the near future? Do you still believe in this market? Are you in the group of sellers in the past few days?
  14. W3 = 14-20/5 Twitter Tweet: 1. https://twitter.com/MrSpasybo/status/1393191870369570818 2. https://twitter.com/MrSpasybo/status/1393547954376544256 Retweet: 1. https://twitter.com/MrSpasybo/status/1393191685979508744 2. https://twitter.com/MrSpasybo/status/1393547584631971841 3. https://twitter.com/MrSpasybo/status/1393897716816699394 Reddit: Upvote 3 + 2 post Post: 1. https://www.reddit.com/r/altcoinforum/comments/nc89td/dbc_in_identify/ 2. https://www.reddit.com/r/CryptoCurrencyTrading/comments/ncy2gv/dbc_in_schools_education/ Upvote: 1. https://www.reddit.com/user/Digitalbureaucracy/comments/m81c6w/digital_bureaucracy/ 2. https://www.reddit.com/user/Digitalbureaucracy/comments/n2ksxy/bounty_digital_bureaucracy_2000000_dbc_500000/ 3. https://www.reddit.com/user/Digitalbureaucracy/comments/n3etka/dbc_token_liquidity_providing_event_on_pancakeswap/
  15. So far, we have always wanted crypto to be officially recognized because it will have positive effects such as: +New projects related to blockchain & crypto are allowed to exist; +Start-ups can raise capital more easily; + Crypto community will grow more. However, every right comes with a responsibility. Crypto is tied to a crypto tax. Some countries like the US and South Korea have taxed crypto profits. The tax is quite high: 20-30%. This creates great pressure on crypto community, even though the profits from crypto are quite large. Vietnam has not yet accepted crypto, so Vietnamese crypto community is not obligated to pay taxes on crypto profits. Many community members want this to continue as they can save millions of dollars each year. What do you think about this? Do you want officially accepted crypto in your country or want to avoid crypto tax obligations?
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