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Ouch! -20% Egold Trade

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I said from the start I would share my wins AND my losses. Well I finally hit a loser and it was not a good one. My reason for buying it up was I saw "Warden" post on Yobit chat that Egold Investbox was filled again. It started to rise and I figured that was a good sign to buy with the news too. But after buying I tried to invest and the Box was no coins again. I knew I was screwed at that point so I just took the loss. Was my fault as I got FOMO'ed. Still up good on my DOGE trades but this one hurt a lil bit. Nearly a 20% loss. 

ouchegold.jpg

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Just now, BitcoinCase said:

I knew I was screwed at that point so I just took the loss. Was my fault as I got FOMO'ed. Still up good on my DOGE trades but this one hurt a lil bit. Nearly a 20% loss. 

Seems like no response here LOL

Anyway, this is the thing, the emotion. The minutes we respond to it we are sure that something bad will happen. 

Just now, BitcoinCase said:

I said from the start I would share my wins AND my losses.

Can not get the figure from the image, but just asking - how much you lost in this trade? To me it's heard to understand in this EGOLD thing possibly in BTC 😁

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2 minutes ago, xBDT Script said:

Seems like no response here LOL

Anyway, this is the thing, the emotion. The minutes we respond to it we are sure that something bad will happen. 

Can not get the figure from the image, but just asking - how much you lost in this trade? To me it's heard to understand in this EGOLD thing possibly in BTC 😁

Exactly what we were talking about before, the emotion part of it. Wasn't a lot of emotion, just saw what I thought was good news and I acted on it. Not a good move but it wasn't the first and won't be the last. I take the losses like the wins - it happened and it's over - time to move on. I lost some 20% of the DOGE used on this trade, about 7K DOGE or so. 

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3 minutes ago, BitcoinCase said:

Not a good move but it wasn't the first and won't be the last.

I know it's the part of the process. 

 

3 minutes ago, BitcoinCase said:

I take the losses like the wins - it happened and it's over - time to move on. I lost some 20% of the DOGE used on this trade, about 7K DOGE or so. 

Yeah this is how I play the game too. I mean I do not look back and regret. To me whatever happen it's a  part of the process and the cost of learning lesson. 

Talking about 7k Doge - it's like $18.249 which is obviously not much. Happy to hear it the tuition fees was not much 😁

So which will be your next trade? Anything you figured out so far?

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9 minutes ago, xBDT Script said:

I know it's the part of the process. 

 

Yeah this is how I play the game too. I mean I do not look back and regret. To me whatever happen it's a  part of the process and the cost of learning lesson. 

Talking about 7k Doge - it's like $18.249 which is obviously not much. Happy to hear it the tuition fees was not much 😁

So which will be your next trade? Anything you figured out so far?

Got some low orders on a few coins as people have been a bit jumpy lately. Have seen some quick dumps that I wished I had an order in. Watching now, as I see BTC is $9350 quickly up. 

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Just now, BitcoinCase said:

Watching now, as I see BTC is $9350 quickly up. 

OPS!

Did not know that! I just checked the price after seeing you comment and indeed it is this $9,352 over $9,350. If I can recall earlier today I think I have seen it somewhere $9,0xx or something.

Are we going to have another run? 

Just now, BitcoinCase said:

Have seen some quick dumps that I wished I had an order in.

Haha things always have this late realization. Most of the time we really do not see what actually is going to happen unless it already happened.

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1 minute ago, xBDT Script said:

OPS!

Did not know that! I just checked the price after seeing you comment and indeed it is this $9,352 over $9,350. If I can recall earlier today I think I have seen it somewhere $9,0xx or something.

Are we going to have another run?

Not sure but I don't think so. Been lower highs so far since the $3k jump up. It moves quickly as you know so if you look away it can be up or down $500-1000+ by the time you look again. I always have the Bitmex tab open so the price is always visible while trading. Was below $9k a bit earlier so that's a nice lil move it made. Probably I need to get back on my BTC/USD Trades as that was going good. No more Egold and QQQ for now hehe. 

5 minutes ago, xBDT Script said:

Haha things always have this late realization. Most of the time we really do not see what actually is going to happen unless it already happened.

"Most of the time" yes, but those few times when we do.....oh man it's great! Always I keep very low orders on some certain coins on the USDT market on Bittrex. If you search a bit there you will see why. 

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Just now, BitcoinCase said:

Was below $9k a bit earlier so that's a nice lil move it made.

Oh wow! I really did not notice that. Good think that it backed up. 

 

Just now, BitcoinCase said:

Probably I need to get back on my BTC/USD Trades as that was going good. No more Egold and QQQ for now hehe. 

Haha it's like penny stoke or something? By the way, I think once this thing will be finish I will give it a try with Doge peers to have my hand dirty with this things. I need to learn them from the real experience of winning not like the stupid way I have done before.

Just now, BitcoinCase said:

Always I keep very low orders on some certain coins on the USDT market on Bittrex. If you search a bit there you will see why. 

I am thinking to give it a try in YoBit with those btc I got from this pay per post. I really do not care about this tiny amounts LOL

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I also lost at Egold, and currently I still hold Egold coins at IB, but besides Egold, I get profit from QQQ, I bought at 3600 satoshi doge and now it has become 6000+ satoshi doge, I'm waiting for the Egold moment pump on yobit


 Trade what you see, not what you expect 
#ProphetInvestor


 

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1 minute ago, xBDT Script said:

Oh wow! I really did not notice that. Good think that it backed up.

Yeah buddy! That's why I do what I do man. I didn't catch that one and miss a lot of trades, but I go in when I know it's right. Just a few hours from $8950 to $9440, that's around 5%.  You buy 1 BTC for 8950 and sell now over 9400. $400 profit and would now be ready to buy back 1.05 BTC or more below $9K.    Can make (or lose) 0.10-0.20 or more when volatility is like that in one day easily. 

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3 minutes ago, Bitxalt said:

I also lost at Egold, and currently I still hold Egold coins at IB, but besides Egold, I get profit from QQQ, I bought at 3600 satoshi doge and now it has become 6000+ satoshi doge, I'm waiting for the Egold moment pump on yobit

Good buy on the QQQ as you are up huge with Investbox.  I knew better with Egold but the IB was refilled so it seemed a good trade for me. Had almost 7 billion coins so I wanted to do the 14% IB, but too many other people did as well so it ran out again minutes after the announcement. 

Just now, SarapCrypto said:

Good that it is only 20% loss because it can even be higher. anyway, this is the risk when we are in trading. No risks, no gain as they say. Still, congrats on taking the action because  I am sure you learned a good lesson here and you can be more careful next time around.

Not first time lesson lol, as have made same mistake before. Can't win if I don't play, but should be sticking to my bread and butter trades. BTC/USD is the better trade at the moment above all else. And yes the 20% would be soon 90% haha. 

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Just now, BitcoinCase said:

would now be ready to buy back 1.05 BTC or more below $9K.    Can make (or lose) 0.10-0.20 or more when volatility is like that in one day easily. 

If only I knew that it will happen for real LOL

I mean it is really possible to make money such way and good traders are really making their money that way. I hope someday I will join them LOL

At the moment my one goal is to make my hand dirty with those tiny amount. Goal is to lose them LOL.

 

Just now, SarapCrypto said:

Good that it is only 20% loss because it can even be higher. anyway, this is the risk when we are in trading.

Lose always hurts even if this a one dollar. But if we are doing it daily basis then it becomes the part of the process. You win and you lose.

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You had to analyze the price if you see a sudden rise quickly, this is evidence that it will decline quickly when unloading and calculate it

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2 minutes ago, BitcoinCase said:

Good buy on the QQQ as you are up huge with Investbox.  I knew better with Egold but the IB was refilled so it seemed a good trade for me. Had almost 7 billion coins so I wanted to do the 14% IB, but too many other people did as well so it ran out again minutes after the announcement. 

 

Egold is quickly run out,  I am also late and made a post on this forum because in the past I did not know why I could not invest, I saw a greater opportunity in QQQ than EGold for now, the price continues to rise in the last two weeks

  • Useful or interesting 1

 Trade what you see, not what you expect 
#ProphetInvestor


 

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1 minute ago, xBDT Script said:

Lose always hurts even if this a one dollar.

Man I can't stand to lose at all! I am like an angry Lion which hasn't eaten yet! But again, it happens and we go on. Don't make your goal to lose them. Look at all the markets highest volume coins, watch how some of them are trading while you watch the BTC price also, and see how they trade against it. Look for some signals like huge buys or sells. Volume is what I look for to start. 

Honestly though, I learned more from losing than I did from winning. That goes for everything in life. 

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1 minute ago, kylepresz said:

Yobit's investbox is a bit of a trap. Or perhaps you could call it a catch 22. Those high interest rates cause many users to invest - they are in effect getting coins for free. So they rush to dump them as soon as they can, which sends the price down. Suddenly you will discover that the amount of interest you are getting is not keeping up with inflation and you will sell them all at a loss. You need to beware. Doge is good because the price is stable. Some of the other coins are issued by Yobit themselves and have no value outside of that exchange.

Well said and I agree totally. Once in a while I test the waters if I see something. Just a dumb move on this one but still a small trade. Not much damage done but always a lesson learned. 

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52 minutes ago, BitcoinCase said:

Man I can't stand to lose at all! I am like an angry Lion which hasn't eaten yet!

I like the attitude. In fact no one like losing. I have a bet in the tennis match earlier and I lost like 0.004 BTC nearly was winning that but lost anyway. Felt a bit frustrated but again it did not take much longer too recover.

So, in anything that is money game - we will have win and lose. By the way not saying the trading is gambling.

Quote

Look at all the markets highest volume coins, watch how some of them are trading while you watch the BTC price also, and see how they trade against it. Look for some signals like huge buys or sells. Volume is what I look for to start.

 I will be putting in practice in just few days. Just let me be done with this contest things. I lot of things are still unknown to me in this trading things

 

  • Useful or interesting 1

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I hope you learn from this failed experience and don't repeat this mistake in the future and think carefully before entering into a deal.
As for the money lost, it will be compensated. Don't worry

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Sorry to hear your losses.But in other hand You make from doge coin.And now you have 75% .From my point of view you are saved.People most of time lost their half investment or washed away.So its a good sign you are in game and struggled.I think you will work hard now to get your 25% loss recover.Better share that acreen shoot.

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This is because you did not think about the loss and thought there was only profit and this is impossible
Especially in trading it must be taken into account that when you buy a currency may fall further
Now you have to wait


THINK POSITIVE

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On 10/31/2019 at 4:30 AM, BitcoinCase said:

I said from the start I would share my wins AND my losses. Well I finally hit a loser and it was not a good one. My reason for buying it up was I saw "Warden" post on Yobit chat that Egold Investbox was filled again. It started to rise and I figured that was a good sign to buy with the news too. But after buying I tried to invest and the Box was no coins again. I knew I was screwed at that point so I just took the loss. Was my fault as I got FOMO'ed. Still up good on my DOGE trades but this one hurt a lil bit. Nearly a 20% loss. 

ouchegold.jpg

Same story. 😁

But for me it's not FOMO because I like Egold investbox without action, just putt coins in investbox and you dont need to do anything.

But like you say long time Egold investbox is empty, and I see that too that Warden share news about investbox and I buy but after that notification shows that there are no coins for next payment and I decide to sell with loss.

Like I write, same story. 😁


yobit_logo.png.7ce6c90eb02ab009752998fdcd25cf91.png

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This is a big mistake that often occurs as a result of trusting the chat on the exchanges. There are a lot of false people promoting false news on Yobit and other exchanges about the rise of a coin so that people buy it from them and unfortunately there are those who fall victim to these lies.

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I am sorry for you, it was really a big loss, I want to give you advice, do not pay any attention to chat or group chats or anyone when trading, this is your money and you are solely responsible for it, do not trust anyone when trading.

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I am sad for you my friend, and it's okay for you, you will make up for your loss in the future, and bad experiences will be a greater motivation for success. I wish you success

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This was a successful experience for you by investing in Egold and making a 20% profit, but the currency price is now 0 and the volume is trading


 

Life is great and enjoy it

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Against this backdrop, the likelihood of a dollar interest rate cut at the Fed's June meeting, according to the FedWatch Tool, fell to 15%. Market participants believe that, at best, a decision to change the current policy may be taken in September. Some economists, including analysts from Morgan Stanley and Societe Generale, even suggest that the Fed may delay the first rate cut until early 2025. Such forecasts led to the US currency rising to five-month highs in mid-April against the euro, British pound, Australian, and New Zealand dollars, with USD/JPY once again reaching a 34-year price record and the DXY index climbing to 106.42.   However, that was in mid-April. For the last ten days of the month, the DXY was under bearish pressure, pushing EUR/USD upward. Jerome Powell stated that decisions on rate cuts are not made in advance but depend entirely on macroeconomic statistics. The statistics released in the last few days looked ambiguous, causing doubts that the US economy could maintain its previous positive dynamics. Tuesday's statistics on April 23, regarding US business activity and core durable goods orders, disappointed investors. Preliminary data from S&P Global showed that the Business Activity Index (PMI) in the US services sector unexpectedly fell from 51.7 to 50.9 points. The manufacturing sector's indicators were even worse, where the PMI crossed the threshold, separating progress from regression. In April, this indicator fell from 51.9 to 49.9 (forecast 52.0). These data alone are not as significant as labor market or inflation reports, but two days later, on April 25, they were supplemented by equally disappointing US GDP data. The preliminary estimate showed that US economic growth in Q1 was only 1.6%, lower than the forecast 2.5% and previous 3.4%. Compared to the same quarter in 2023, GDP growth decreased from 3.1% to 3.0%. Against this backdrop, the DXY, and with it EUR/USD, underwent a correction, with the pair rising to 1.0752.     It should be recalled that the US inflation data released on April 10 showed that the Consumer Price Index (CPI) reached 3.5% year-on-year, the highest in six months. On Friday, April 26, the Bureau of Economic Analysis reported that inflation measured by the change in the Personal Consumption Expenditures (PCE) Price Index in March rose to 2.7% (year-on-year). The core PCE, which excludes volatile food and energy prices, instead of the expected decrease to 2.6%, remained at the previous level of 2.8%. Thus, on the one hand, we see that inflation is resistant and does not want to go down, and on the other hand, we observe a slowdown in GDP growth.   According to our forecasts, faced with such a crossroads, the Fed will still not deviate from its previous path and will choose to fight price growth. Moreover, the decrease in GDP in Q1 should not overly alarm the regulator, as the US economy had been expanding at 2% and more for seven consecutive quarters, despite the aggressively tight monetary policy of the Fed. Moreover, recent labor market data looks very positive. The number of initial unemployment claims decreased from 212K to 207K (forecast 214K) – a minimum since February.   On Tuesday, April 23, the same day as in the US, preliminary data on business activity came out from the other side of the Atlantic. In Germany, the Manufacturing PMI rose from 41.9 to 42.2, and in the services sector – from 50.1 to 53.3, the Composite Index – from 47.7 to 50.5. Regarding the Eurozone as a whole, a positive dynamic was also noted. Thus, the Business Activity Index in the services sector rose from 51.5 to 52.9 points, the Composite Index from 50.3 to 51.4. The exception was the Manufacturing PMI (a decrease from 46.1 to 45.6). As for forecasts about the start of easing monetary policy by the European Central Bank, the emphasis is still on June. This was once again confirmed by the president of the German Bundesbank and a member of the ECB's Governing Council, Joachim Nagel, who stated on April 24 that a rate cut in June does not necessarily imply a series of rate cuts. In other words, in June – yes, there will be a cut, what happens next – is still unknown.   All of the above indicates that the fundamental indicators are still on the side of the dollar. The EUR/USD correction is likely to be limited and will not be powerful or prolonged. Last week, the pair closed at 1.0692. According to economists from the Singapore-based United Overseas Bank, it is unlikely to have the strength to break through the resistance at 1.0765. As for the forecast for the near future, as of the evening of April 26, 50% of experts expect the dollar to strengthen, 35% – its weakening, the remaining 15% maintained neutrality. Among the trend indicators on D1, 65% are on the side of the bears, 35% – are coloured green. Among the oscillators, a third are on the side of the bears, a third – on the side of the greens, and a third – are painted in neutral gray. The nearest support for the pair is located in the zone of 1.0680, then 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, 1.0000. Resistance zones are located in the areas of 1.0710-1.0725, 1.0740-1.0750, 1.0795-1.0805, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, 1.1100-1.1140.    The coming week promises to be quite turbulent and volatile as it is filled with various important events. On Monday, April 29, preliminary data on consumer inflation (CPI) in Germany will be released. The next day, another batch of German statistics will be released, including GDP and retail sales figures. On the same day, we will learn the preliminary volume of GDP and the level of inflation in the Eurozone as a whole. On Wednesday, May 1, Germany and many other EU countries will have a holiday – Labor Day. However, the United States will continue to work on this day. First, the ADP report on employment levels in the private sector of the country and indicators of business activity in the manufacturing sector will be published. The most important event will undoubtedly be the meeting of the FOMC (Federal Open Market Committee) of the US Federal Reserve on Wednesday, May 1, and the subsequent press conference of the management of this regulator. In addition, on Friday, May 3, we traditionally await another batch of very important statistics from the American labor market, including the unemployment rate and the number of new jobs created outside the agricultural sector (NFP), as well as revised data on business activity (PMI) in the US services sector.   GBP/USD: US PCE Hindered the Strengthening of the Pound   The preliminary statistics on business activity in the United Kingdom released on Tuesday, April 23, were mixed. The PMI in the manufacturing sector of the country crossed from above to below the growth/fall boundary, and with a forecast and previous value of 50.3 points, it actually fell to 48.7. In the UK services sector, on the other hand, there was growth in April – the indicator rose from 53.1 to 54.9 (market expectations 53.0). As a result, the Composite PMI reached 54.0 (52.8 a month earlier). However, all these figures did not attract much attention from investors.   On April 22, GBP/USD fell to 1.2300. The bulls on the pair took advantage of the dollar's overbought condition to return it to the lower boundary of the medium-term corridor of 1.2500-1.2800 in which it had been moving since the end of November last year. However, they did not have enough strength to consolidate within the corridor. The two-week maximum was recorded at 1.2540, after which, pushed by US PCE, the pair went down again and ended the five-day period at 1.2492.   According to specialists from United Overseas Bank, as long as the support at 1.2420 is not broken, there is still a possibility of the pound breaking through the 1.2530 mark. The next resistance, according to them, is at 1.2580. The median forecast of analysts regarding the behaviour of GBP/USD in the near future looks maximally uncertain: 20% voted for the movement of the pair to the south, the same amount – to the north, and the majority (60%) simply shrugged their shoulders. As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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