I lost a lot of money in the 2018 bitcoin crash. The main lesson I learned from that was to have an exit strategy for the next cycle. So last year, when all the normies started getting into crypto and all the alts were exploding in value, I knew to sell all my holdings and…
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submitted by /u/jimtors100 [link] [comments]
Bitcoin is still strangling at the $16,000 price level with no significant movement up or down. This is normal given the historically low rates of volatility that are being recorded in the market. However, there may be some good rallies in the near future for the digital asset, but it depends on what BTC whales do. Bitcoin Whales Not Interested A look at bitcoin whale transactions over the month of December shows that whale interest in the digital asset has been on the decline. This coincides with the low price ranges of BTC during this time, and with such little movement, it becomes harder to flip a profit. Related Reading: Why The Bitcoin Mining Hashrate May Not Be Out Of The Woods Just Yet These whale transactions carrying $1 million and above have seen a decline in recent times. This shows a lack of interest in both buying and selling from these large investors. As a result, the price of bitcoin has continued to stagnate between $16,600 and $16,800. In essence, this lack of activity from the large BTC whales is neither bullish nor bearish. The next trend, however, will be decided from what these large holders decide to do from here. BTC whale interest declines in crypto winter | Source: Santiment As this Santiment chart shows, a decline in whale interest has usually coincided with periods of low prices. However, if there were to be some significant accumulation from these large holders, then the price of bitcoin will begin another bull rally. Since whale transactions carrying at least $1 million are sitting at a 2-year low, it makes for a prime setup for at least a short-term rally. If the whales increase their BTC holdings during this time, the impact on the price of BTC will become apparent right away. How High Can BTC Go? Santiment notes that an accumulation trend from these large whales would trigger a historically bullish signal for the digital asset. This means that such events have always led to an upward rally in the past. When this happened in August 2021, it triggered the rally that saw bitcoin hit its all-time high price of $69,000. BTC price falls below $16,700 | Source: BTCUSD on TradingView.com This time around, with the BTC price sitting so low, such a trend would lead to at least a 10% increase in the price of the digital asset. From here, a 10% increase would mean that bitcoin would surpass the $20,000 level once more, although a lot of resistance from the bears would be expected at such levels. Related Reading: Terra Classic (LUNC) Beats The Odds With 16% Rally, More Gains Ahead However, on the flip side, a continued decline will increase selling pressure on BTC from here. That would mean a reversal toward the $15,000 level once more. Now, it becomes a waiting game to see what happens first. BTC’s price was sitting at $16,684 at the time of this writing. Featured image from GoBankingRates, chart from TradingView.com
Everyone has had a journey in crypto. Whether you heard about bitcoin/crypto from it by a friend, article, research, chances are most have been a part of the bull or bear market. Feel free to add/challenge but everyone is entitled to their opinion I’ll go first from 2013 bull market Ignore the hype and don’t…
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Some uplifting news among all the negativity. Earlier this year, Kia developed a series of NFTs based on a "robo-dog" character that was featured in their Super Bowl ad. 10,000 NFTs were released for free, with an additional 10,000 going up for auction. 90% of proceeds went directly to the Petfinder Foundation, a charity that…
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submitted by /u/Major_Bandicoot_3239 [link] [comments]
According to court documents, Sam Bankman-Fried (SBF) is set to be arraigned by the federal court in the Southern District of New York (SDNY) on Jan. 3, 2023. The disgraced FTX co-founder plans to enter a plea in his fraud case in front of U.S. judge Lewis Kaplan in Manhattan, according to a report published […]
The Binance CEO was less than receptive to claims of losses due to a 3Comma API key leak earlier this month; now he recommends disabling 3Comma API keys.
submitted by /u/gigabyteIO [link] [comments]
Meta chose Polygon. L2s and sidechains are taking off. Your badly designed unscalable shitchain won't come up with a scaling solution until 2024. Enjoy your heavy bags and regrets of bad investment xd submitted by /u/YoungThugsBootyGoon [link] [comments]
