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Common Cryptotalk Questions Answered!

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Informative topic!! Each new member here should read this post more than one time and understand how it works here.. Also i suggest all new members to read all the pinned topics in each section of this forum.. Thanks for sharing this with us.

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On 2/18/2020 at 7:24 AM, Jokeer said:

Do you mean that you make a quality full post? If it's then when you make the post we should add useful and informative information to our post.

That's right we must maintain the quality of our post and lets contribute really useful post in this forum. 

We must prioritize the quality of our post than finishing the 30 posts. 


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Yes, all beginner members should read these terms well and adhere to them.
Most members are banned because they have not read these instructions.
Will more instructions and explanations be added and future forum laws modified?

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Thank you so much for the information of all about the cryptotalk. It is very helpful for me because most of them are my unanswered questions and instructions are very important even for old members.

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It is a really great post, so here are all inquiries. There is an answer to it. I think that this topic must be installed in order for the beginner to read what he needs so that he can work in this forum.

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These questions will be covered by spammers at the beginning of joining the forum, and they will post questions whose answers are quite clear, but the managers delete them directly. Also, it is sometimes possible to notice this through the search feature and see the repeated topics, and we, as members, must alert people who repeat these questions through negative responses or interactions if the account is old in the forum.

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On 2/16/2020 at 4:34 AM, PiroSense said:

Common Cryptotalk Questions Answered!


I made this topic to prevent the ever-repeating topic creation of similar questions that can already be answered within the forum topics created by moderators, but somehow users still creates topics that asks these same questions.

 

On the bottom/end part of this post, you can see a directory of useful links in the forum with corresponding numbers. On answers, you will see [x] symbols as a reference to this links (i.e. [2] points out to the link number 2).

 

Frequently Asked Questions - FAQ

 

What should I do after registering here or before posting?

~You should read and understand every pinned post made by the moderators and admins in About Forum section [1]. Pinned posts are those posts with green pin icon and is always on top.

 

Do you earn from topics/posts or just comment?
~Creating a topic is considered a post. Replying or commenting on a topic is also a post. So both are paid.

 

What is the maximum number of post allowed per day?

~5 days from registration, you are limited to making 50 posts/day [2]. After 5 days, the post limit is removed, but the maximum number of paid posts are only 30/day [3].

 

What is the cut-off time on the forum for counting posts?
~Moscow Standard Time (GMT+3) at 00:00 (Midnight). Convert to your local timezone using online timezone calculators.

 

What are the rules and regulation in the forum?
~Read, understand, and follow at useful link below this post [4].

 

Why does my post get deleted everyday in Yobit?
~Short tips: 1. Don't reply on spam topics, 2. Don't reply on plagiarized posts (from online sources), 3. Don't post one-liner non-sense post.

 

How can we increase reputation?
~Post quality and detailed content with effort and not just copy-paste/plagiarized (not allowed in the forum!). Don't beg for likes. Don't abuse reputation by exchanging with your 'friends'!

 

What topics could I post and where?
~I have made a guide regarding the topic at useful link below, and is also pinned here [5].

 

How to withdraw earnings?

~I still don't have a step-by-step detailed guide for it. But on simplest steps: 1. You click 'Transfer to BTC Balance' in Yobit dashboard, 2. Go to your Yobit Wallet in the navigation bar above, and 3. Withdraw your bitcoins on another BTC address. You could also exchange it to other cryptocurrencies for lesser fees (Yobit Trade).

 

Can I post in different language?
~No. If you know russian, then go to the Russian section here [6]. If not, then only English is allowed as per the rules [4]. Local boards are not yet established.

 

[1] https://cryptotalk.org/forum/30-about-forum/

[2] https://cryptotalk.org/topic/5327-forum-ranks/
[3]https://cryptotalk.org/topic/21-get-paid-for-every-post/
[4] https://cryptotalk.org/topic/207-general-rules-of-cryptotalkorg-forum-official/
[5]https://cryptotalk.org/topic/61050-tips-sections-in-the-forum-explained/
[6]https://cryptotalk.org/forum/15-russian/

 

Special thanks to the admins and moderators in the forum!

@Admin @Bigpat @epidemia @ayatoslaw @Alex077 @Desais

 

This thread could be locked unless there are additional questions to be added. It could also be pinned upon staff decision. Thanks to all!

 

A well-written article, containing sound and practical advises tailored for everyone in the forum in specific a beginner. Well done 👍 for doing this good job it's worth of given highest positive reputation.

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Thank you for this content of yours mate, This was a big help for me because I see some of the questions you've answered is my questions in this forum too so, i was lucky to found this topic of yours and now my questions are now solved. iI ope this topic of yours would be seem by those who are looking for answers about their questions.

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Thank you for sharing that kind of post buddy, it is really helpful especially for the newbies of the forum who have many questions in their mind. Thank you for the efforts of constructing that long and useful content. Keep on doing a great job.

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You are a good friend of this forum, and your post is useful and important to all members, whether new or old, I advise everyone to read your post well in order to be successful members of the forum CryptoTalk

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1 hour ago, Moaz said:

You are a good friend of this forum, and your post is useful and important to all members, whether new or old, I advise everyone to read your post well in order to be successful members of the forum CryptoTalk

You're right anyone post forum related information then its not matter, you're old member are new member everyone must should read the topic,because sometimes we miss some points are forget, so once we remained this points through these topics then we successfully work in this forum.


 

   

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You may know that mostly time beginners do this mistake in THIS forum..i have seen too that a noob member comment in a topic that what is cryptotalk... Its really disgusted because he Didn't read the forum rule first... But its true that forum moderator so Active here so easily they deleted this kind of useless topic and sometime give them warning too                  

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On 2/16/2020 at 12:47 PM, Sehr said:

Very good job buddy  5 star for you . Every new members  should read this care fully and followe all rules. Every point is import fir everyone i think old members  also need to read this 

That's true, all of the beginners of this forum should read this topic because I know that there are many questions in their mind regarding the forum or the community. They should take the time to read it because it will benefit them.

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Well-done bros for answering most of the questions new members frequely asked. I expect the moderators of this forum to pinned this post because I realized it contains a lot of useful information that new members and the entire forum will benefit from.


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On 2/16/2020 at 1:05 PM, Sagor ahamad said:

Dear friend.

Thanks  to give us common cryptotalk qusen answers. We are haplfull. Hope you alowes beside us and help us every time

Thanks

There are much information that you can have in this board section, it will help other beginners of the forum to become familiar with the environment here. There are also many members here who are willing to help newbies here.

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Very helping post and it deserves the maximum recognition from all member. I think that this post may be pinned on top of the forum for all to read as it solved all questions I had as a beginer. I will bookmark and always read again if I forget and I have to tell to other beginners to do the same as me.

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I am need to give you a big thanks because these are all the questions I am had after days and really am afraid to ask. Always I will try to be better now and you have solve me all the problem I am having in this forum. I read the rules and follow but now I will remember this too and become better.

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This is a very well constructive helpful topic everyone who joins this forum need to see because reading this I have also learn something and i will suggest make use of this instructions so that we can all be safe from any warning point or banned from the forum entirely. Work well and earn something good to your wallet mates.


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You deserve to be praised partner because this topic carried lots of positive information which members of the forum usually ask especially the newbies who just joined the forum newly and I hope you keep posting such positive topics in the forum so that we can all learn as a family.

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On 2/16/2020 at 8:34 AM, PiroSense said:

Common Cryptotalk Questions Answered!


I made this topic to prevent the ever-repeating topic creation of similar questions that can already be answered within the forum topics created by moderators, but somehow users still creates topics that asks these same questions.

 

On the bottom/end part of this post, you can see a directory of useful links in the forum with corresponding numbers. On answers, you will see [x] symbols as a reference to this links (i.e. [2] points out to the link number 2).

 

Frequently Asked Questions - FAQ

 

What should I do after registering here or before posting?

~You should read and understand every pinned post made by the moderators and admins in About Forum section [1]. Pinned posts are those posts with green pin icon and is always on top.

 

Do you earn from topics/posts or just comment?
~Creating a topic is considered a post. Replying or commenting on a topic is also a post. So both are paid.

 

What is the maximum number of post allowed per day?

~5 days from registration, you are limited to making 50 posts/day [2]. After 5 days, the post limit is removed, but the maximum number of paid posts are only 30/day [3].

 

What is the cut-off time on the forum for counting posts?
~Moscow Standard Time (GMT+3) at 00:00 (Midnight). Convert to your local timezone using online timezone calculators.

 

What are the rules and regulation in the forum?
~Read, understand, and follow at useful link below this post [4].

 

Why does my post get deleted everyday in Yobit?
~Short tips: 1. Don't reply on spam topics, 2. Don't reply on plagiarized posts (from online sources), 3. Don't post one-liner non-sense post.

 

How can we increase reputation?
~Post quality and detailed content with effort and not just copy-paste/plagiarized (not allowed in the forum!). Don't beg for likes. Don't abuse reputation by exchanging with your 'friends'!

 

What topics could I post and where?
~I have made a guide regarding the topic at useful link below, and is also pinned here [5].

 

How to withdraw earnings?

~I still don't have a step-by-step detailed guide for it. But on simplest steps: 1. You click 'Transfer to BTC Balance' in Yobit dashboard, 2. Go to your Yobit Wallet in the navigation bar above, and 3. Withdraw your bitcoins on another BTC address. You could also exchange it to other cryptocurrencies for lesser fees (Yobit Trade).

 

Can I post in different language?
~No. If you know russian, then go to the Russian section here [6]. If not, then only English is allowed as per the rules [4]. Local boards are not yet established.

 

[1] https://cryptotalk.org/forum/30-about-forum/

[2] https://cryptotalk.org/topic/5327-forum-ranks/
[3]https://cryptotalk.org/topic/21-get-paid-for-every-post/
[4] https://cryptotalk.org/topic/207-general-rules-of-cryptotalkorg-forum-official/
[5]https://cryptotalk.org/topic/61050-tips-sections-in-the-forum-explained/
[6]https://cryptotalk.org/forum/15-russian/

 

Special thanks to the admins and moderators in the forum!

@Admin @Bigpat @epidemia @ayatoslaw @Alex077 @Desais

 

This thread could be locked unless there are additional questions to be added. It could also be pinned upon staff decision. Thanks to all!

 

You have given a great information.Many of the new members like me when they join this form would have asked these similar questions.You have saved our time .Now we can easily view your post and get all our answers.Thanks.


                                   

 

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On 2/16/2020 at 9:19 AM, PiroSense said:

Common Cryptotalk Questions Answered!


I made this topic to prevent the ever-repeating topic creation of similar questions that can already be answered within the forum topics created by moderators, but somehow users still creates topics that asks these same questions.

 

On the bottom/end part of this post, you can see a directory of useful links in the forum with corresponding numbers. On answers, you will see [x] symbols as a reference to this links (i.e. [2] points out to the link number 2).

 

Frequently Asked Questions - FAQ

 

What should I do after registering here or before posting?

~You should read and understand every pinned post made by the moderators and admins in About Forum section [1]. Pinned posts are those posts with green pin icon and is always on top.

 

Do you earn from topics/posts or just comment?
~Creating a topic is considered a post. Replying or commenting on a topic is also a post. So both are paid.

 

What is the maximum number of post allowed per day?

~5 days from registration, you are limited to making 50 posts/day [2]. After 5 days, the post limit is removed, but the maximum number of paid posts are only 30/day [3].

 

What is the cut-off time on the forum for counting posts?
~Moscow Standard Time (GMT+3) at 00:00 (Midnight). Convert to your local timezone using online timezone calculators.

 

What are the rules and regulation in the forum?
~Read, understand, and follow at useful link below this post [4].

 

Why does my post get deleted everyday in Yobit?
~Short tips: 1. Don't reply on spam topics, 2. Don't reply on plagiarized posts (from online sources), 3. Don't post one-liner non-sense post.

 

How can we increase reputation?
~Post quality and detailed content with effort and not just copy-paste/plagiarized (not allowed in the forum!). Don't beg for likes. Don't abuse reputation by exchanging with your 'friends'!

 

What topics could I post and where?
~I have made a guide regarding the topic at useful link below, and is also pinned here [5].

 

How to withdraw earnings?

~I still don't have a step-by-step detailed guide for it. But on simplest steps: 1. You click 'Transfer to BTC Balance' in Yobit dashboard, 2. Go to your Yobit Wallet in the navigation bar above, and 3. Withdraw your bitcoins on another BTC address. You could also exchange it to other cryptocurrencies for lesser fees (Yobit Trade).

 

Can I post in different language?
~No. If you know russian, then go to the Russian section here [6]. If not, then only English is allowed as per the rules [4]. Local boards are not yet established.

 

[1] https://cryptotalk.org/forum/30-about-forum/

[2] https://cryptotalk.org/topic/5327-forum-ranks/
[3]https://cryptotalk.org/tI want to opic/21-get-paid-for-every-post/
[4] https://cryptotalk.org/topic/207-general-rules-of-cryptotalkorg-forum-official/
[5]https://cryptotalk.org/topic/61050-tips-sections-in-the-forum-explained/
[6]https://cryptotalk.org/forum/15-russian/

 

Special thanks to the admins and moderators in the forum!

@Admin @Bigpat @epidemia @ayatoslaw @Alex077 @Desais

 

This thread could be locked unless there are additional questions to be added. It could also be pinned upon staff decision. Thanks to all!

 

This post has almost every answer of the questions which is needed for the new members in this forum. I want to thank you for providing such a useful information in a single topic. And please follow the rules of this forum and be safe and Happy earning.


 

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8 hours ago, Izeal said:

This post has almost every answer of the questions which is needed for the new members in this forum. I want to thank you for providing such a useful information in a single topic. And please follow the rules of this forum and be safe and Happy earning.

Its true this post extremely well detailed and once any new member read this post, then I don't think they create any topic to know this forum term and condition, this post almost cover all major points to useful for every member.hope everyone read this post and work carefully in this forum. 


 

   

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Somehow I have read a different post for all these questions. It is a nice collection and has everything a new user will need to have a succesful participation in the forum. The about section of cryptotalk cover most of this in the topics that have the rules.

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You have done a such good thing because many beginners do not understand all rules easily but they do after they read this topic. I wish a topic like this could be pinned so that all beginners can read.

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You did  a great job by putting  all the useful and necessary  information  at one place for beginners, I would like to suggest you to putbthe link to this topic in your signature. 

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    • 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/ 
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