Which Coins/Tokens are you accumulating? - Page 4 - Crypto World - CryptoTalk.Org Jump to content
cBenton92

Which Coins/Tokens are you accumulating?

Recommended Posts

Of all the currencies in the market that I have applied for, I have stored these currencies in Bitcoin, Ethereum , LTC , Ripple and NEO for my long-term so that I can do more thanking each and every one of themIf you can get a good profit out of here

Share this post


Link to post
Share on other sites

I am until now only accumulate top coin, because i see top coin is often used than other coin.

My main coin is Bitcoin, Litecoin, Ethereum, and USDC.

3 coin is top coin where i see that is have limited supply and good circulation in volume and marketcap. Bitcoin is the leader of cryptocurrency, Litecoin is like silver, Ethereum have ability to make contract to token.

For USDC i sometimes use it to safe some my coin from price devaluation.


Please don't spam this forum!

Give me 💙 if my post helpful

Thank you.

Share this post


Link to post
Share on other sites
2 hours ago, yosuba03 said:

I used to participate a lot in bonuses and drops. A lot of tokens on the BTC network have been collected. I have got some BTC and hope next year it will grow, i hope too much in BTC, i can buy Macbook hehe

Your wish will come true, especially if bitcoin increase in the next year so not only you can buy Macbook, but you can also buy the other things you want. You should continue to earn more bitcoin in many ways so that you can collect much bitcoin, and you are ready to sell when the price increase later. That is good if you already have many tokens and coins in your wallet because that means you can have a chance to sell at a high price later.

Share this post


Link to post
Share on other sites

Which Coins/Tokens are you accumulating? I think if we accumulate we to choose those cryptocurrencies and tokens who are on the top, for example accumulating Bitcoin, Ethereum and Ripple XRP


 

468x60.gif.2f5be3d8fc5caf83e400a2cd4d4ca105.gif

Share this post


Link to post
Share on other sites
On ‎12‎/‎28‎/‎2019 at 6:54 PM, RickProdMitx said:

In my opinion, at the moment, coins that are very suitable for investment are Bitcoins and Ethereum, because both of these coins are viral in the crypto market, the price is very stable and it is easy to control the ups and downs of prices, my advice: invest using coins because BTC and ETH have great potential.

 

On ‎12‎/‎28‎/‎2019 at 6:57 PM, Lava said:

The best coin to buy is the top 10 coins in coinmarketcap, now I'm not going to invest in altcoins from ICO, because many coins from ICO look dead, and prices and projects do not change.

 

On ‎12‎/‎28‎/‎2019 at 7:02 PM, FrenchFry said:

Altcoin is also quite good and can be used as an investment, although it is not recommended to hold back for too long, because the influence of bitcoin on altcoin is very large. indeed, it is safer, of course, to invest in bitcoins, because their value and influence are very reliable. especially at this time, the movement of bitcoins up and down, as it is very fast and good for short-term investments

 

On ‎12‎/‎28‎/‎2019 at 7:02 PM, Yomeukhere said:

I'm storing only bitcoin and litecoin. The first as my security money and the last for transactions and punctual trading. I think that btc is the only goods secure for the next year. 

 

On ‎12‎/‎28‎/‎2019 at 7:04 PM, GutsyHeart said:

There is no doubt that bitcoin, especially this time around when bitcoins will be split in half, is close to the case. Why take more risks in altcoins when you can have it in this currency number 1?


And look at the market chart, are we not close to understanding why in 2017? Do not think twice, just invest in Bitcoin (of course, you can diversify, but most should be for this coin)


But keep in mind that these are all tips, and your decisions become reality.

 

On ‎12‎/‎28‎/‎2019 at 7:07 PM, DarkC said:

Today everyone is advised to invest only in bitcoins, and everyone has completely lost faith in altcoins. Although now, only for many of them begins a starting point for possible growth. The main thing is not to invest money in dubious projects and coins now.

 

On ‎12‎/‎28‎/‎2019 at 7:10 PM, Cristle said:

Currently, the best coin purchases remain Bitcoin and Ethereum. Bitcoin is still very dominant in the market, so its price is light. And I recommend that if you buy Bitcoin and Ethereum, it will take too much time. But if the price goes up and you also make a profit, the better you sell right away.

Investing in Altcoin would be a good solution. Because with this very slow growth, you can use to buy coins at a low price. The Altcoin season has not yet arrived, and if the Altcoin season is present later, I think he can trade.

 

On ‎12‎/‎28‎/‎2019 at 7:10 PM, PerryLam said:

In my opinion, the hype surrounding Bitcoin arose precisely because, since the modern world speaks a lot about the legalization of cryptocurrencies, this will primarily affect Bitcoin, and Bitcoin will be legalized. I believe that everyone understands what this means for BTC and for the entire cryptocurrency market? If this happens, then many obstacles will arise in the way of Bitcoin, which will lead to even greater demand for Bitcoin in society and, accordingly, this will affect the price increase. It is possible that, despite many technical problems, as well as problems with the speed of transactions in the Bitcoin blockchain, this coin will attract new investments from very large companies.

 

On ‎12‎/‎28‎/‎2019 at 7:13 PM, FridayNight said:

when it comes to Crypto, the more you distribute the bags that you hold in your hands, the better, but you should not just buy coins / tokens to distribute your bags. So if I know for sure that there are several strong coins / tokens, and I need to choose between buying only 3 of them or distributing my money as much as possible, I will definitely choose more of my money. than 3 coins / tokens if they are as good as each other.

 

On ‎12‎/‎28‎/‎2019 at 7:17 PM, Snowflake said:

It is not as simple to choose as you think, you need to get into those altcoins that are really good enough not only from the very beginning, but also in subsequent years. You can conduct this experiment and try it for a few coins, but do it only with your free money and do not ignore to get the best coins while you do this, so do not waste time.

 

On ‎12‎/‎28‎/‎2019 at 7:23 PM, Commando said:

Now is a great time to accumulate gradually, buy now and in any future falls, and you will have a very good entry point. The market will recover over time, and even if it can grow to half the last ATH, it will be a very significant profit for you.

 

On ‎12‎/‎28‎/‎2019 at 7:48 PM, Beromnia said:

Hello my friend
The market has fallen in recent months, but is now recovering
All the encryption I keep includes Bitcoin, Ethereum, Litecoin, Dogecoin,
TRon

 

On ‎12‎/‎28‎/‎2019 at 7:56 PM, Moneykiller said:

as I am new to this world I am not accumulating any coin rather I am trading with some coins which seems profitable for me.

 

On ‎12‎/‎28‎/‎2019 at 8:00 PM, Oxygen said:

Holding these said currencies are too good. as these all are very potential coins to be hold. I also recommend others to hold these coins for better gain in future.

 

On ‎12‎/‎28‎/‎2019 at 11:00 PM, Goodtime said:

The first as my safety measures cash and the ultimate for transactions and in good time trading. I ponder that btc is the merely supplies obtain for the subsequently year. 
 

 

On ‎12‎/‎28‎/‎2019 at 11:03 PM, Mr GUDU said:

In the present time I care just about bitcoin and no other mint piece, since I think on the off chance that I gathered a great deal of measures of bitcoin and the value rise then I can purchase some different coins when I sell my bitcoin

 

On ‎12‎/‎28‎/‎2019 at 11:13 PM, lucky80 said:

Bitcoin, Ethereum, Xlm, Waves, EOS, and Neo. You should know why I stack the right? There is one big reason behind them.

 

On ‎12‎/‎28‎/‎2019 at 11:16 PM, imdad123 said:

you will pretty surprise to saw my portfolio because i just gathering only eth,xrp,btc and xlm for some months i pretty hopeful for turning good of these.

 

On ‎12‎/‎28‎/‎2019 at 11:16 PM, Mr GUDU said:

At this moment I m not gathering coins I m exchanging with them, however on the off chance that I do that I will amass those coins who are on the top with Bitcoin, for instance Ethereum, Ripple, Dashcoin and furthermore Litecoin.

 

On ‎12‎/‎28‎/‎2019 at 11:19 PM, shah1984 said:

I M PERSONALY USING BTC AND ETH BUT SOME TIME I WILL BE HAPPY TO WORK ON XRP AND XLM 

 

On ‎12‎/‎28‎/‎2019 at 11:31 PM, Mr GUDU said:

In the present time I care just about bitcoin and no other mint piece, since I think on the off chance that I gathered a great deal of measures of bitcoin and the value rise then I can purchase some different coins when I sell my bitcoin

 

On ‎12‎/‎29‎/‎2019 at 1:02 AM, Jon said:

ICOs and any method of sale token are not worthy to invest until they are listed in the exchange then we decide their fate

 

On ‎12‎/‎29‎/‎2019 at 1:04 AM, Ebraforty said:

Obviously bitcoin and Ethereum, I can exchange present moment and long haul, I think picking potential coins is the thing that decides our exchanging the most.

 

On ‎12‎/‎29‎/‎2019 at 8:01 AM, Gimba said:

The paramount coin to good buy is the put the lid on 10 coins in coinmarketcap, in a jiffy I'm not departing to invest in altcoins from ICO, for the reason that loads of coins from ICO air dead, and prices and projects get something done not change.

 

On ‎12‎/‎29‎/‎2019 at 8:50 AM, wilbertson said:

Yes i have already sold some of my earnings but right now i plan to keep holding for long term and even trade some.

 

Thanks for the replies guys! Some good varieties in there of altcoins you guys are stacking. Good to hear a lot of you are accumulating! Good luck to you all and hope you had a good Christmas! IF you haven't already made a Binance account, make one with the link in my signature :) thanks! They are doing crazy Xmas giveaways!

Share this post


Link to post
Share on other sites

For some days now I have been trying to mine some numbers of bitcoin in my wallet believing that it will turn out well as expected apart from the token that am actually receiving through bounty giveaways. 

Share this post


Link to post
Share on other sites
1 minute ago, Delgboke said:

For some days now I have been trying to mine some numbers of bitcoin in my wallet believing that it will turn out well as expected apart from the token that am actually receiving through bounty giveaways. 

What sort of bounties? Signature bounties here in Cryptotalk? IF so which ones and what did they pay you out in? I want to do some bounties.

Share this post


Link to post
Share on other sites

Right now I'm accumulating vechain coin or TRX coin. My plan is accumulating these coins and trade after 4 month. Coinmarketcap lot of coins or tokens is best accumulating but I choose vechain and TRX.

Share this post


Link to post
Share on other sites

At present i am accumulating coinpot tokens. I will collecting it via various faucet sites. And i am thinking of exchanging tokens with increase in price of bitcoin.

Share this post


Link to post
Share on other sites

I'm only accumulating Bitcoin, while other coins only store as collections. If I have idle money I always buy Bitcoin (if prices are going down). and I keep it in many wallets. waiting for bitcoin prices to rise maybe until halving day.

Share this post


Link to post
Share on other sites

I'm more focused on Bitcoin because as a new user I want to focus on one of the most used Crypto Currencies. This experience may become a guide to try other some coins in the future I just want to try this Bitcoin to have a legit income.

Share this post


Link to post
Share on other sites
On 12/14/2019 at 1:40 AM, cBenton92 said:

With a pretty bearish market currently, a lot of the cryptocurrencies are going very cheap right now. For me personally I see it as a fantastic opportunity to accumulate. I personally am accumulating BTC, LTC, DASH, NEO and ETH. I am also dabbling in some others if I see a good window of opportunity, but these are my core ones that no matter what, every week I grab some of them and just accumulate.

 

I know for a fact that some of you will be doing the same, so I would like to know what ones you guys are stacking and maybe a little insight as to why too.

 

Thanks and happy stacking! 🙂

I am accumulating BNB, APPC, ETH and BTC as well. all that are available in dips and hope fully we will get higher results from them.


I am sick of LOVE and want your click on ❤️.

Share this post


Link to post
Share on other sites

I just buy the exchange coins almost because these exchange coins will give you high profit than the other coins and now this time i have good amount of coins in my account like XVG, TRX, XRP, BTT and also good coins which future is good and bright and i am still buying more and more coins


                                                    BetFury                                                   

    🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                  Free BTC 1 800 Satoshi every day                                                 

 

Share this post


Link to post
Share on other sites

I am collecting bitcoin

litecoin , and now I starting to trade my

litecoin with ethereum  . 

I sell my litecoin in exchange with eth. 

Btc is good to keep but withdrawal fee is too high.

Share this post


Link to post
Share on other sites
2 hours ago, Vanessa said:

I am collecting bitcoin

litecoin , and now I starting to trade my

litecoin with ethereum  . 

I sell my litecoin in exchange with eth. 

Btc is good to keep but withdrawal fee is too high.

I'm converting my bitcoin to litecoin, it will be good for me to trade if the price dumps in a month or two. But what is the withdrawal fee for bitcoin?


Why are you looking for another faucet in signatures like mine, cryptotalk is the best earnings site. 😉

Share this post


Link to post
Share on other sites

I have accumulating bitcoin in my Coinbase wallet.I have gooe amount of btc in my wallet.I have earned this btc from this forum.I have hold this in my account

Share this post


Link to post
Share on other sites

Litecoin (LTC) is similar to bitcoin in many properties, and is one of the most experienced green currencies. However, there are two main differences between Litecoin and Bitcoin; Speed and value. It is another potential alternative to banknotes, and a prominent competitor to bitcoin.

Share this post


Link to post
Share on other sites
On 1/2/2020 at 10:26 AM, Agios said:

I'm only accumulating Bitcoin, while other coins only store as collections. If I have idle money I always buy Bitcoin (if prices are going down). and I keep it in many wallets. waiting for bitcoin prices to rise maybe until halving day.

I also accumulate Bitcoin. My portfolio is consists of 70 % of bitcoin and 30% of Altcoin. But that it's not a fixed number. How about you, mate? 

Share this post


Link to post
Share on other sites
2 hours ago, Tarek62 said:

I have collected some cryptocurrency coin in my Coinbase wallet wal wallet I have some BAT tokens, Litcoin and Bitcoin. I kept it at a good price.it is good for me 

From where did you accumulate those coins of yours at coinbase?

Share this post


Link to post
Share on other sites
14 hours ago, Ahmad Isah Suleiman said:

You hold on to expensive coins especially Bitcoin. Waiting for halving period in this year before I should sell

Yes after the halving is the best time to do some actions to our coins, we can really earn a lot from there. I hold bitcoin because I am not really into trading and I just wait until it's price reach my target price then I'll start withdrawing it.

Share this post


Link to post
Share on other sites

I'm depositing Bitcoin currencies because no one knows when the price of Bitcoin currencies will rise and if you marry that price is going up, I will make a lot of profit and my earnings will go up.

Share this post


Link to post
Share on other sites

I agree, now it’s worth investing only in reliable and proven cryptocurrencies, which have been on the market for quite some time now. Most of the new coins are issued by developers just to make money

Share this post


Link to post
Share on other sites

I am accumulating doge coin because it is growing faster than expected this days and I hope it should keep it up to enable investors smile and also to encourage other people

Share this post


Link to post
Share on other sites
On 12/24/2019 at 11:26 PM, cBenton92 said:

Yeah man very good thing to do, I do the same. Just get a certain amount every week regardless of the price!

Good luck! 🙂

 

You're right mate, accumulating bitcoin is very good strategy because once the price of bitcoin increase, you will gain more money because of that. You just need to have some patience. 

Share this post


Link to post
Share on other sites

The cryptocurrency market is bluish now and depends on Good news and volume.We must accumulate the top 100 coins which prices are all time low.These coin give us Good return.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Маю ще 3 инвайта  Зареєструватися в BLUM
    • Дорогие друзья, на нашем сайте действует акция, 300 рублей на карту за два оставленных отзыва. Обязательное условие, нужно совершить обмен на сумму от 5000 рублей.  По всем направлениям минимальная сумма заявки 5000 рублей! Получить информацию, где нужно оставить отзывы, вы можете на странице выполненной заявки или у оператора.
    • Добрый день, форумчане! Официально: Notcoin листят на Bybit 16 мая 2024. Хотели бы получить от вас обратную связь, желаете ли вы видеть монету Notcoin от телеграмма у нас в списке криптовалют? Благодарим вас, сервис обмена криптовалют cryptonet.pro
    • Заработать после Notcoin? Легко, заходим в BLUM.          Многие говорят об этом проекте, который представляют бывшие топ-менеджеры биржи Binance Владимир Смеркис, Глеб Костарев и Владимир Масляков.Что нужно делать? Переходим в бота; Жмем «Create account»; Вводим никнейм; Нажимаем «Start farming».На этом все. Далее каждые 8 часов заходим в бота для получения поинтов и снова запускаем фарм
    • ТОП-7 разлоков предстоящей недели             CryptoRank поделился крупнейшими разлоками токенов предстоящей недели ARB — $92.35 млн;STRK — $77.27 млн;SEI — $62.9 млн;UNI — $58.89 млн;IMX — $56.92 млн;LMWR — $40.01 млн;MANTA — $22.78 млн.   Довольно много разлоков токенов крупных проектов: StarkNet, Arbitrum, Sei. Возможно, появится хорошая возможность откупить некоторые из них.
    • Кто-то в начале не только догов, но и сатош прилично насобирал на кранах. Если б знать как все будет, и какой будет цена на них, действительно можно было бы хорошо заработать)
    • В первом квартале 2024 года компания Marathon Digital зафиксировала рост выручки на 223% по сравнению с аналогичным периодом прошлого года и увеличение скорости хэширования на 142% за счет новых продуктов и приобретений. Тем не менее Marathon Digital, не оправдала ожиданий по доходам, установленных аналитиками Уолл-стрит в отчете за первый квартал 2024 года. Фирма назвала неблагоприятные погодные условия и неисправности оборудования факторами, способствовавшими снижению производительности. Марафон цифровых неудач в производстве По данным инвестиционной аналитической компании Zacks, несмотря на рост выручки на 223% в годовом исчислении до $165,2 млн, как было объявлено 9 мая, показатели компании по-прежнему отставали от прогнозируемой оценки в $193,9 млн на 14,80%. В первом квартале 2024 года Marathon Digital сообщила о добыче 2811 BTC на сумму 176,7 миллиона долларов, что на 28% больше, чем в предыдущем году. Однако это на 34% меньше, чем 4242 BTC, добытых в четвертом квартале 2023 года. Генеральный директор Marathon Фред Тиль рассказал о результатах деятельности компании во время телеконференции по финансовым вопросам 9 мая. Он сказал, что сбои в производстве были вызваны неожиданными отказами оборудования, особенно трансформаторов на сторонних площадках, сильными перебоями в работе, связанными с погодными условиями во многих местах, а также техническим обслуживанием линий электропередачи коммунальными компаниями.   Фирма отметила, что неблагоприятные погодные условия повлияли на ее объект в Гарден-Сити в центральном Техасе и другие объекты, включая недавно приобретенный объект в Техасе по состоянию на 2 апреля. Несмотря на эти проблемы, компания работала с «рекордной скоростью» в 27 эксахэшей в секунду. Тиль подчеркнул цель компании достичь 50 EH/s к концу года, которая в конце апреля была пересмотрена в сторону повышения с 35 до 37 EH/s. Тиль отметил, что Marathon смогла адаптироваться и преодолеть операционные проблемы в первом квартале. Фирма перераспределила оборудование на вновь приобретенные объекты, пока шел текущий ремонт. В течение квартала Marathon также представила несколько новых передовых продуктов, в том числе Slipstream, направленный на повышение скорости транзакций биткойнов, и плату управления MARA UBC 2100, предназначенную для повышения эффективности майнинга. Благодаря стратегическим приобретениям Marathon увеличила свои мощности по добыче полезных ископаемых до 1,1 и в настоящее время работает на 54% от своей общей мощности. Акции Marathon в первом квартале превзошли ожидания Marathon Digital сообщила о прибыли на акцию в первом квартале в размере $1,26, что поначалу казалось значительно выше прогнозируемых Уолл-стрит $0,02. Однако эти цифры несопоставимы напрямую, поскольку компания приняла недавно утвержденные FASB правила учета по справедливой стоимости. Корректировка рыночной стоимости была благоприятной, чему способствовал существенный рост цен на биткойны. После отчета от 9 мая акции Marathon Digital (MARA) упали примерно на 2,19% и закрылись на уровне $19,65, с дополнительным снижением на 1% в торговле в нерабочее время по данным Google Finance. С начала года цена акций компании упала на 14,30% с момента достижения пика в $31,03 28 февраля 2024 года.
    • Forex and Cryptocurrency Forecast for 13 – 17 May 2024 EUR/USD: Medium-Term Outlook Favours the Dollar   Throughout the past week, EUR/USD exhibited mixed dynamics, primarily driven by expectations concerning potential interest rate cuts by the US Federal Reserve (Fed) and the European Central Bank (ECB). Statements by officials from both central banks, as well as economic macro-statistics, either heightened or lowered these expectations.    The EUR/USD bullish rally commenced on 16 April from the 1.0600 mark, reaching a peak of 1.0811 on 3 May, after which growth stalled, starting the past week at 1.0762. On Monday, 6 May, statistics from the Eurozone provided some support to the common European currency. In April, the Services Purchasing Managers' Index (PMI) rose from 52.9 to 53.3, exceeding the forecast of 52.9. The Composite PMI, which includes the manufacturing sector and services, increased from 51.4 to 51.7. Germany's Composite PMI also showed positive dynamics, rising from 50.5 to 50.6. Consequently, business activity in the Eurozone reached its highest level in almost a year. Moreover, retail sales in the region showed significant growth, rising from -0.5% to +0.7% year-on-year.   This news backdrop suggests potential inflation growth, which in theory could deter the ECB from initiating a monetary policy easing. However, ECB Chief Economist Philip Lane stated that the Executive Board of the bank has compelling arguments for a rate cut at the 6 June meeting. Another ECB representative, Lithuanian Central Bank head Gediminas Simkus, indicated that rate cuts should not be limited to June, suggesting it could happen thrice by the end of the year. However, while the likelihood of easing (QE) in June is near 100%, there is some uncertainty regarding further steps. ECB Vice President Luis de Guindos admitted that the regulator is cautiously forecasting any trends beyond June.   In addition to ECB officials' statements supporting easing, statistics released on Tuesday, 7 May, also contributed. They showed that manufacturing orders in Germany, the locomotive of the European economy, decreased by 0.4% in March after a 0.8% decline in February. As a result, the EUR/USD pair's growth halted, pulling back to 1.0723.   The pair made another attempt to break through the strong resistance zone of 1.0790-1.0800 on Thursday, 9 May, when US initial jobless claims data was unexpectedly reported at 231K, much worse than the expected 210K. This coincided with a widespread negative session for US yields along the curve. The situation worsened as the unemployment data confirmed concerning statistics released on 3 May. According to the US Bureau of Labor Statistics (BLS), non-farm payrolls (NFP) rose by just 175K in April, significantly below the March figure of 315K and market expectations of 238K. The employment report also showed an increase in unemployment from 3.8% to 3.9%.   Besides combating inflation, the Fed's other declared main goal is maximum employment. "If inflation remains stable and the labor market strong, it would be appropriate to delay rate cuts," stated Fed Chair Jerome Powell. Now, the strength of the labour market is in question. However, the Fed is likely to focus on fighting inflation, which is still far from the 2.0% target.   A key inflation indicator tracked by the Fed, the Personal Consumption Expenditures (PCE) Price Index, rose from 2.5% to 2.7% in March. However, the ISM Manufacturing PMI fell below the key 50.0 mark, dropping from 50.3 to 49.2 points. Remember, a level of 50.0 separates economic growth from contraction. In such a situation, raising the interest rate is inadvisable, but lowering it is also not an option. This is exactly what the FOMC (Federal Open Market Committee) of the Fed did. At its meeting on Wednesday, 1 May, its members unanimously left the rate unchanged at 5.50%. This is the highest rate in 23 years, and the US central bank has kept it unchanged for six consecutive meetings.   The main scenario foresees the Fed beginning to review the rate towards a decrease no earlier than autumn, likely in September, with another cut by year-end. However, if US inflation does not decline or, worse, continues to rise, the regulator may abandon monetary policy easing until early 2025. Thus, considering the above, many analysts believe the medium-term advantage remains with the dollar, and EUR/USD is still attractive for sales with a horizon of several months.   The final point of the week for EUR/USD was at 1.0770, making the weekly result almost zero. Regarding the forecast for the near term, as of the evening of 10 May, it is maximally neutral: 50% expect dollar strengthening, and 50% expect its weakening. Trend indicators on D1 are equally divided: half are on the side of the reds, and half are on the side of the greens. Among oscillators, only 10% voted for the reds, another 10% remained neutral, and 80% voted for the greens (although a quarter of them are already signalling overbought conditions). The nearest support for the pair is located in the 1.0710-1.0725 zone, followed by 1.0650, 1.0600-1.0620, 1.0560, 1.0495-1.0515, 1.0450, 1.0375, 1.0255, 1.0130, and 1.0000. Resistance zones are in the regions of 1.0795-1.0810, 1.0865, 1.0895-1.0925, 1.0965-1.0980, 1.1015, 1.1050, and 1.1100-1.1140.   In the coming week, on Tuesday, 14 May, consumer inflation data (CPI) in Germany and the Producer Price Index (PPI) in the US will be released. Also scheduled for this day is a speech by Fed Chair Jerome Powell. The next day, Wednesday, 15 May, important indicators such as Consumer Price Index (CPI) and retail sales volumes in the United States will be published. On Thursday, 16 May, the traditional number of initial jobless claims in the US will be announced. And at the very end of the working week, on Friday, 17 May, we will learn the Eurozone CPI as a whole, which may influence the ECB's decision regarding the euro interest rate.   GBP/USD: Pound Remains Under Pressure but Holds On   At its meeting on Thursday, 9 May, the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market participants interpreted as a step towards the beginning of a policy easing cycle.   At the post-meeting press conference, BoE Governor Andrew Bailey expressed optimism, stating that the UK economy is moving in the right direction. Bailey also noted that “a rate cut next month is quite possible,” but he intends to wait for data on inflation, activity, and the labour market before making a decision. Chief Economist Huw Pill, although he joined the majority in voting to keep the rate unchanged, also expressed growing confidence that the time for a reduction is approaching. He added that “focusing only on the next Bank of England meeting [20 June] is somewhat unreasonable” and that “medium-term inflation forecasts do not necessarily signal rate movements at the next or subsequent meetings.”   Overall, the movement of the GBP/USD pair last week resembled that of the EUR/USD pair. The chart shows a distinct surge on Thursday, 9 May, triggered by data indicating a cooling US labour market. The pound was also supported by optimistic GDP data for the UK for Q1 2024 and manufacturing sector data for March. GDP (quarter-on-quarter) rose by +0.6% after a decline of -0.3% in the previous quarter (forecast +0.4%). Additionally, the GDP grew by +0.2% year-on-year, recovering from a fall of -0.2%.   As with the euro, the pound is under pressure from the prospect of earlier monetary policy easing by the BoE compared to the Fed. However, the British currency ended the past week above the key 1.2500 level, at 1.2523. Moreover, 65% of analysts expect the pair not only to hold above this horizon but also to continue its growth. The remaining 35% voted for the pair's movement south. As for technical analysis, trend indicators on D1 are split 50-50. Among oscillators, only 10% recommend selling, 40% took a neutral position, and 50% recommend buying (10% of them signal overbought conditions). If the pair rises, it will encounter resistance at levels 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, and 1.2885-1.2900. In case of a fall, it will face support levels and zones at 1.2490-1.2500, 1.2450, 1.2400-1.2410, 1.2300-1.2330, 1.2185-1.2210, and 1.2070-1.2110, 1.2035. The upcoming week's calendar highlights Tuesday, 14 May, when data from the UK labour market will be released. Also of interest is the Inflation Report hearing scheduled for Wednesday, 15 May.   USD/JPY: $50 Billion Interventions Wasted?   It seems that until the Bank of Japan (BoJ) takes confident and clear steps to tighten its monetary policy, nothing will help the yen. At its meeting on 26 April, the board members of this regulator unanimously decided to leave the key rate and QE program parameters unchanged. Expectedly tough comments on the outlook were also absent. This inaction increased pressure on the national currency, sending the USD/JPY pair to new heights. It continued its cosmic saga, reaching a new 34-year high of 160.22. Following this, Japan's financial authorities finally decided on a double currency intervention. Although there was no official confirmation, experts estimate its total volume at $50 billion.   Did it help? Judging by the USD/JPY chart, not really. The pair headed north again last week. Unlike the euro and the British pound, the yen barely reacted even to weak US labour market data on Thursday, 9 May, only slowing its decline.                    All this occurs amid endless statements from the Japanese Central Bank and Ministry of Finance about their readiness to take necessary measures to reduce speculative pressure on the national currency. The published minutes of the BoJ meeting show that most board members took a "hawkish" stance, calling for a rate hike.   However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. The last chord of the past five days sounded at 155.75. Economists at Singapore’s United Overseas Bank Limited (UOB) expect the USD/JPY pair to trade in the 154.00-157.20 range in the next 1-3 weeks. UOB also believes that the chances of it falling to 151.55 have significantly diminished. Overall, most experts (70%) simply shrug their shoulders in uncertainty. The remaining 30% persistently expect the yen to strengthen. As for technical analysis, 100% of trend indicators on D1 look north. Among oscillators, 50% are such, 15% point south, and 35% point east. Regarding support/resistance levels, traders should note that with such volatility, the slippage can reach many tens of points. The nearest support level is around 155.25, followed by 154.70, 153.90, 153.10, 151.85-152.25, 151.00, 150.00, after which come 146.50-146.90, 143.30-143.75, and 140.25-141.00. Resistance levels are 156.25, 157.00, 157.80-158.00, 158.60, 159.40, and 160.00-160.25.   Events of the upcoming week include the release on Thursday, 16 May, of preliminary GDP data for Japan for Q1 2024. No other significant publications regarding the Japanese economy are expected in the coming week.   CRYPTOCURRENCIES: A Week of Reflection and Uncertainty     What will happen to bitcoin in the foreseeable future? It seems there is no clear answer to this question. Experts and influencers often point in opposite directions: some shoot for the stars, while others keep their eyes on the ground.   For instance, according to the founder of Pomp Investments, Anthony Pompliano, bitcoin is "stronger than ever." He concluded this based on the 200-day moving average (200 DMA) reaching its ATH (All-Time High) of $57,000. Michael Saylor, CEO of MicroStrategy, is also optimistic. In his latest message, he urged investors to "run with the bulls." (It should be noted here that MicroStrategy holds 205,000 BTC on its balance sheet, so Saylor's bullish calls are quite understandable. He simply has to do this for his company to profit rather than incur losses).   However, analysts note that bitcoin's fate depends not only on the rosy calls of the MicroStrategy CEO. And if buyer support weakens, BTC could break through the key support level of $61,000, falling to the $56,000 zone, where significant liquidity is concentrated. MN Trading founder Michael Van De Poppe does not rule out another correction to around $55,000. However, the specialist quickly reassures investors, stating that this is quite acceptable as long as bitcoin holds above $60,000. Anthony Pompliano believes that the price will not fall below $50,000, and another expert, Alan Santana, does not rule out a drop to $30,000.   Trader and analyst Rekt Capital believes that the first cryptocurrency has exited the post-halving "danger zone" and entered the initial phase of re-accumulation. According to this expert, in 2016, BTC demonstrated a long red candle after the halving, falling by 17%. This time, the pattern repeated, with the difference between the post-halving maximum and minimum being 16%. The price reached a local bottom at around $56,566 but then rose to $65,508, on which Rekt Capital concluded that it re-entered the "re-accumulation range." However, there is one "but" - after this, we again observed a drop to $60,175. Overall, it seems that BTC/USD is in a descending channel, which increases investor concern.   In general, the forecasts are quite diverse. Information on the activity of various categories of traders and investors also varies. Analyst and CMCC Crest co-founder Willy Woo noted the activity of so-called crypto dolphins and sharks. "There has never been such a rapid purchase of coins by wealthy holders as in the last two months when the price fluctuated between $60,000-70,000. We are talking about those who hold from 100 BTC to 1000 BTC or approximately $6.5-65 million," he explained. On the other hand, according to CryptoQuant analysts, whales holding from 1000 to 10000 BTC, unlike dolphins and sharks, have behaved quite passively. Michael Van De Poppe, for his part, notes the absence of retail investors.   All this suggests that we may not see new all-time highs for BTC in the coming months. We wrote about this in the previous review, citing, among other things, the opinion of such a Wall Street legend as Factor LLC head Peter Brandt. With a 25% probability, he assumed that bitcoin had already formed another ATH within the current cycle. As for long-term forecasts, nothing has changed here - most of them predict a powerful bull rally for bitcoin. Anthony Pompliano writes about this. Willy Woo expects bitcoin to continue increasing its penetration into various spheres of everyday life, meaning the number of users will grow. "By 2035, we expect bitcoin's fair value to reach $1 million. This forecast is based on the user growth curve. And I'm talking about fair value, not a peak during a bull market frenzy," the analyst notes.   The author of the bestseller "Rich Dad Poor Dad," entrepreneur Robert Kiyosaki, once again included bitcoin in the TOP-3 ways to save and increase capital. "Bad news: the [currency market] crash has already begun. It will be severe. Good news: a crash is the best time to get rich," he wrote, offering several recommendations on how to act in a crisis. Let's note two of them. The first reads: "Find an additional source of income. Artificial Intelligence will destroy millions of jobs. Start a small business and become an entrepreneur, not an employee afraid of losing a job." "Don't hoard fake money (US dollar, euro, yen, peso) that is losing value. Hoard gold, silver, and bitcoin - real money whose value increases, especially in a market crash," is Kiyosaki's second recommendation.   Regarding bitcoin's growth, Kiyosaki is absolutely right; it's even pointless to argue. According to a study by Colin Wu, better known as WuBlockchain, over the past decade, the price of the leading cryptocurrency has grown by an astonishing 12,464%, outpacing giants like Amazon, Apple, Google, Meta, Tesla, and Netflix. BTC was second only to Nvidia (+17,797%). But the fact that bitcoin took second place, being a representative of a relatively new and volatile market, is a real achievement. BTC's impressive growth trajectory over the past decade demonstrates its resilience and potential as an essential component in investors' portfolios.   At the time of writing this review, on the evening of Friday, 10 May, the BTC/USD pair is trading at $60,470. The total market capitalization of the crypto market is $2.24 trillion ($2.33 trillion a week ago). The Crypto Fear & Greed Index has risen from the Neutral zone (48 points a week ago) to the Greed zone, now standing at 66 points. 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/ 
×
×
  • Create New...