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What's Wrong With BITCOIN?

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On 11/9/2019 at 2:10 AM, technahid said:

Nothing wrong. It's a habit of cryptocurrency. It can go up and down at any time. No market analyzer can tell that bitcoin will go up for this reason or can go down for that reason. But nowadays there are too many whales whose are controling the crypto market

I agree with your opinion that mapping bitcoin is actually no problem whatsoever just the habits of digital currencies which only experience the ability to go up and down all the time but bitcoin will still go up for some reason. The only obstacle is there are too many whales controlling the crypto market but bitcoin can still overcome it.

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On 11/8/2019 at 11:33 PM, SUGI5091 said:

One thing I really want to say for this problem is. Do not panic. It could be that bitcoin continues to fall. Isn't the nature of Bitcoin that is volatility. Thats good now to buy more if you get more profit. Are you wanna buy at $10000.

I am agree with your point bitcoin that is volatility bitcoin is good and buy maximum profit

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Nothing wrong in bitcoin in fact it is normal that the bitcoin price is up and down because it is volatile and altcoins same to do that . Nothing worried about that because it is natural in the cryptomarket that there's are decreasing and increasing the amounts of coin.


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The price of bitcoin should both fall and go up at the slightest fluctuation in the cryptocurrency business. This is characteristic of trading and should be taken for granted. 

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On 11/18/2019 at 12:26 AM, ashua1 said:

There is nothing wrong with bitcoin, but it is insignificant because it is still at $ 8,000. This price is still very good for us to trade them.

Yes of course this price is still very good, it's just that many hope the price will reach more than $10,000 at the end of the year. And unfortunately it seems that the prediction was incorrect.

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On 11/9/2019 at 1:16 AM, zhaazure27 said:

What happens to Bitcoin Now?
Why is the price decreasing?
The price will again touch the figure og $8k.
What is this?

Have you ever thought that bitcoin would move without support? I mean everyone including us is just waiting. have bitcoin but only for long-term hodl? it can't be helped yet. if bitcoin keeps silent, meaning there is no trade there, there are no transactions there, then the price will still be like that. whatever happens to bitcoin is actually what we do in the market. buy or wait? indeed to start now a little heavy because of the high price. different from previous years when bitcoin did not exceed $ 5,000 and everyone traded and traded, the price of bitcoin would also surge. when emarin fell, the fall was not as deep or as low as the price before the last bitcoin rose.

 

so bitcoin is not wrong and nothing happens, this is normal.

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This is a normal situation in the market. the price may down but the price will go high in 2020 I wish. so don't need to be worried about the recent price. it is good time for investors who want to buy btc now. if anyone buy and hold for few days then he can get a good profit from btc.

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On 11/9/2019 at 2:35 AM, julerz12 said:

Why would it be unusual? Cryptocurrencies especially as Bitcoin is known for its volatility. No trader in this world and even those so called "experts" would be able to predict its price movement. If you've been around the crypto-world for quite sometime now, you'll know this to be true.

Hmm, this is confusingg, because i don't have a lot of knowledge about bitcoin because I'm just a newbie and also i still don't get it. But i know something about. Bitcoin. 

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needless expenses nothing mistaken with the help of bitcoin, it could be its only a click situation from show benefits who bitcoin possesses especially unhealthy benefits, and yet with the help of some people bitcoin is safer.

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On 11/22/2019 at 10:52 PM, Akbor said:

This is a normal situation in the market. the price may down but the price will go high in 2020 I wish. so don't need to be worried about the recent price. it is good time for investors who want to buy btc now. if anyone buy and hold for few days then he can get a good profit from btc.

But this is a bad thing for Bitcoin. Just look at the price now has touched at $7k. Many hope that this price will rise in 2020. Seeing BTC prices like this, I am nor sure whether in 2020 the price will rise.

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We know that one of the characteristics of cryptocurrency is being volatile. Sometimes it will go up, and sometimes it will go down depending of course to the supplies and demands. Let's just expect that it will go up again because it always will.

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Nothings wrong with bitcoin. With these prices, it also went like these last year and the prices has not always been stable, it can be good for us to invest since the prices are low and it will surely rise up next year.

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11 hours ago, zhaazure27 said:

But this is a bad thing for Bitcoin. Just look at the price now has touched at $7k. Many hope that this price will rise in 2020. Seeing BTC prices like this, I am nor sure whether in 2020 the price will rise.

If you know how the price of Bitcoin has been moving and what it can do in a twinkle of an eye then the current bitcoins price position will not be much of a worry.

I personally believe 2020 will be better for Bitcoin at least compare to this current price. 


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6 hours ago, Nicecrypto said:

If you know how the price of Bitcoin has been moving and what it can do in a twinkle of an eye then the current bitcoins price position will not be much of a worry.

I personally believe 2020 will be better for Bitcoin at least compare to this current price. 

I hope what you say is true. Many also expect the price of Bitcoin to rise in 2020. We'll see until the end of this year, whether Bitcoin will answer our positive predictions.

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I think that this is most likely an artificial underestimation of the price to buy as much bitcoin as possible and then sell at a price 2 or 3 times higher than bought.

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Don't worry, there is nothing to worry about and all that happens is that the market is volatile and with the end of the year approaching companies start selling Bitcoin for the annual inventory and will rise dramatically during the new year.


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On 11/24/2019 at 12:25 PM, Nicecrypto said:

If you know how the price of Bitcoin has been moving and what it can do in a twinkle of an eye then the current bitcoins price position will not be much of a worry.

I personally believe 2020 will be better for Bitcoin at least compare to this current price. 

Yes me is also believing in the year of 2020 and i hope in the year of 2020 will be very good year for bitcoin and the bitcoin price will be 20,000 dollar at the end or mid of 2020.


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There is no mistake and the reason that the quantities of sale more than the purchase quantities and there is no resistance in high prices and this makes the price simply come down and also the end of the year


 

Life is great and enjoy it

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For me what's wrong for Bitcoin is many hackers will try to hack every account so that they can have the money for their own so that's my opinion.

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On 11/8/2019 at 9:16 PM, zhaazure27 said:

What happens to Bitcoin Now?
Why is the price decreasing?
The price will again touch the figure og $8k.
What is this?

i believe youre new in crypto market...welcome to bitcoin volatility my friend which is at first might sound bad to you and you see yourself losing money but with time you will love it when bitcoin is falling.

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The price of bitcoins are always be fallen at the holidays of end of the year because there are be many investors need to sell them in order to have moneys to spend for the holidays so it will leed them to sell for low price because of many sellers at one time.


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On 11/9/2019 at 12:16 AM, zhaazure27 said:

What happens to Bitcoin Now?
Why is the price decreasing?
The price will again touch the figure og $8k.
What is this?

Its a common face of any coin including bitcoin and excluding stablecoins. We mostly use crypto for investing and trading,  Pump and dump are essential in those purposes.


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On 11/8/2019 at 11:16 PM, zhaazure27 said:

What happens to Bitcoin Now?
Why is the price decreasing?
The price will again touch the figure og $8k.
What is this?

Bitcoin will come down regularly but now its move to upward and this is good for us so i hope soon BTC will make a great bull and it will touch the 12,000$ because now BTC is so much low price and its future is so much bright. Crypto is our future currency and it will be used after some years every year.


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On 11/8/2019 at 11:18 PM, Saladdin said:

This is not so unusual for crypto currency. It's nature is to up or down and that's why this called most unexpected market at this present. We should have more patient now

This is natural in business you are right and i also agree with you. crypto is the business not a gambling and we can make good money in it because this is the new business in the world and not everyone know about it. Crypto market can change our life at any time.


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There's nothing wrong in Bitcoin, It's volatility of Bitcoin why the value or prices goes down. Don't worry because the price of Bitcoin last 2010 is so lower and last 2017 Bitcoin increased 1 bitcoin is equivalent to $20,000 so don't worry it will increase again.

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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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