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Messages - suzika98

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As Bitcoin continues its rapid rise, the question on everyone's mind is whether we are on the verge of hitting $68,000 or whether a correction is on the horizon. With the recent surge taking Bitcoin back to the heights of 2021's heyday, reaching as high as $64,000 in just 48 hours, it's clear that a correction is long overdue.

Despite the current stabilization in the $60,000 to $61,000 range, a significant increase from a few days ago, doubts remain about the sustainability of this upward trajectory. While some argue that we are merely experiencing the beginning of a bullish cycle rather than falling into a speculative bubble, others are more cautious, anticipating an inevitable pullback.

Referring to speculation of a potential bubble, it is argued that Bitcoin's rise is in line with expectations for a market characterized by bullish momentum. However, due to the nature of short-term volatility, it is almost certain that a correction is imminent. While the timing of such a correction remains unclear, predictions are that it could occur in March, potentially pulling back to the low $50,000s and even down to the mid to high $60,000s.

Given the previous corrections, especially the significant drop from $49,000 to around $39,000, a similar correction of around $10,000 from the current $60,000 range to the $50,000s is estimated to be likely.
What are your forecasts in this regard? Will a correction come and to what extent? At what price levels do we enter the halving?

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Newbies / Re: The million-dollar question: when will this Bitcoin rise end
« on: February 21, 2024, 11:41:01 AM »
If we can see the break of the resistance level 62k, I am definitely positive about this prediction

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Bitcoin discussion / Can you earn 100 dollars a day with trading?
« on: November 07, 2023, 12:10:11 PM »

After graduation, I entered the stock market and especially the crypto investment field with the increase in my free time and the increase in financial resources under my control. Although at first I had a lot of losses that completely lost my joy and enthusiasm, after a few years I can say with relief that these investments have also become a source of passive income for me. So yes, I have indeed made much higher profits than $100 per day sometimes when I divide my monthly profit by the day, but the idea of making $100 per day has always seemed to me too ridiculous for trading. I've seen so many articles promising this that I finally decided to do some research and see if I could learn some tips about day trading from some decent sources. It still seems to me either too good to be true or much more time consuming and challenging than any other job where you can make $100 a day. Do you think it's realistic, is there anyone who has actually seen it for themselves, making 100 dollars every day trading?





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Bitcoin discussion / Re: Are you spending your Bitcoin?
« on: October 31, 2023, 10:54:36 AM »
I agree that we need to use Bitcoin more, otherwise it will never gain traction, but given the current setup used by merchants... spending bitcoin is the same as selling it as they just convert instantly to receive cash


I completely agree with you, crypto adoption in the public needs to increase to see the price reach the potential point. This could mean paying with BTC, trading in crypto, etc., but at this point doing so would basically mean reducing your investment amount, and I don't think that makes sense for the individual investor. It's like sacrificing your own profits for the good of crypto in general. And if a large group doesn't make it happen, the small investor's movement doesn't make sense.

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Bitcoin discussion / Re: Anticipating the Future of Crypto Currency
« on: August 14, 2023, 11:43:15 AM »

I'm optimistic about crypto's future! Despite challenges like FTX's bankruptcy, the market's recovering. ETFs and halving events ahead? Big potential.

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Bitcoin discussion / Re: How did you get into bitcoin?
« on: August 08, 2023, 03:12:32 PM »
Got introduced to crypto by my son. Then I started learning on my own from sites like babypips technical analysis, how to use indicators, how to read charts, candlestick patterns and when I got enough knowledge I bought my first btc to actively trade and practice what I learned... made some profit so far but I cannot say I got rich in any way. It's been a real roller coaster  ;D ;D  I still buy btc every month though.

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Altcoin discussion / Why can't XRP go up?
« on: August 08, 2023, 01:47:45 PM »

As I discussed in a little more detail in yesterday's post, there is talk that the downturn for Bitcoin is over. This morning, BTC reached the 29,300 price level with a 1 percent increase, supporting this idea.

Ripple, perhaps the most sensational coin of recent times, has also been positively affected by this rise. XRP, which has been on a downward momentum by recording double-digit depreciation over the last 1-week period, started trading at $0.62, up 0.5% from yesterday morning. But as XRP investors are used to, this upward momentum did not last long. XRP, which fell again during the day, failed to record a clear rise in the last 24 hours and started trading at $ 0.61 price levels.

So why is XRP, which had an upward momentum with the positive news from the SEC a month ago, why is it constantly on a downward momentum despite the positive atmosphere around it during this time?

In my opinion, the excitement brought by the good news for XRP is ending and this situation will continue to intensify until there is no new news. XRP, which is still 31% higher than it was before the court ruling, is of course down, having lost $0.91. But I think the XRP price is at a more balanced point right now. I think the $0.91 level that came with the court ruling was a bubble effect caused by excitement and I think the current level is healthier for the future of the coin. There is always a chance that it will regain its upward momentum once the bull season continues.


What are your comments on XRP, what do you think are the factors preventing it from reaching the expected $1 level?

*** This content is not intended as investment advice and does not include any financial guidance.






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Fifth reason: you do not need to go out of the house.

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Newbies / Re: Crypto trading trick
« on: August 07, 2023, 10:49:11 AM »
what do you mean?

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Bitcoin discussion / Golden Cross Pattern (BTC)
« on: August 07, 2023, 10:41:02 AM »
With Bitcoin's recent volatile movements, it's even more difficult to predict which direction it will move. But according to a technical analysis I read, done by an analyst in early June, the Bitcoin chart showed a Golden Cross pattern, which has only been seen twice before in Bitcoin's history. I didn't know what a Golden Cross was at first, so I looked it up a little bit and I'll share it with you. A golden cross is a chart pattern that forms at the point where a relatively short-term moving average breaks through a relatively long-term moving average from the bottom up. And this cross usually signals a bull market in the near future.


According to TradingShot's latest technical analysis just a few days ago, this pattern has completed its formation. So what exactly does this mean for Bitcoin? Looking at previous price action in Bitcoin's history, this pattern has only occurred twice, and has always been followed by significant rises. "It would be a fair prediction to say that by this time next year, Bitcoin will reach $69,000 and set a new record," TradingShot noted in its analysis. But again, as the analysis points out, we should not forget the external factors such as Covid etc. that have happened before. If all goes well, a booming bull market awaits us in the not too distant future. This may even allow Bitcoin to reach values that it has not been able to reach so far. In this respect, I think it is important to follow the technical analysis even after the formation of the pattern.

Do you know any patterns that follow the Golden Cross or interrupt it in a upward momentum price movement?












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Off-topic / Earn-by-Walking Apps
« on: August 03, 2023, 10:06:11 AM »

So, I've been using this Stepn app for near two years now, all pumped about earning crypto while I walk. But gotta be honest, I'm getting a bit skeptical about it. Anybody else feeling the same?

The whole idea of getting cryptocurrency or NFTs just for strolling around sounded amazing when I first signed up.I heard about these move-to-earn apps like Sweatcoin, and I thought, "Why not give it a shot?" So I joined the Step app club. But here's the thing – after two years, it seems pointless.

I gotta admit, the concept is pretty cool. Earning crypto while doing everyday stuff is a genius idea and I still use it 'cause it does kind of keep me motivated to move. But I'm starting to doubt if the rewards are really worth the effort.
I'm curious if anyone else has had the same experience. Have you been using the Step app or any other move-to-earn thingy for a while now?





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Bitcoin discussion / Stop-loss or Stop-limit?
« on: August 01, 2023, 01:31:11 PM »


So, I've been doing some reading on stop-loss and stop-limit orders, (https://www.diffen.com/difference/Limit_Order_vs_Stop_Order#:~:text=Limit%20orders%20guarantee%20a%20trade,which%20an%20order%20is%20executed.), and I think I'm getting the hang of it. Let me share what I understand so far:

Sell-stop orders are like the superheroes for our long positions. It's like having a safety net when we own shares of ABC Inc. at $30, and they've climbed to $45 because of buyout rumors. Now, we want to secure at least $10 profit per share, right? So, we set a sell-stop order at $41. If the price drops below $41, the order kicks in, and those shares are sold at the market price, protecting our gains. Sounds good, right?


On the flip side, buy-stop orders are like the sidekicks, but they come in handy for short positions. It's like having a backup plan when we bet against XYZ Inc. because we think it's gonna tank. We set a buy-stop order above the market price, say at $55. If the price goes above $55, the order triggers and saves us from potential losses. Awesome!

And then we have the stop-limit orders. They're like stop-loss orders with a twist. We set two prices: the stop price and the limit price. So, if the stock hits the stop price, the order switches to a sell limit order. This means we'll sell at the limit price or even better. Got it!

But you know what? I'm still not a hundred percent sure if I've grasped everything correctly.

But remember, no guarantees in the market! 😅

So,

I think, it depends on your risk tolerance. Stop-loss orders guarantee execution, but the price may vary before selling. Stop-limit orders ensure a specific price, but they might not get filled.

My personal tip: set the right stop and limit prices with technical analysis. (here is a nice video:https://www.youtube.com/watch?app=desktop&v=eynxyoKgpng&t=150s ) Look for support and resistance levels, and avoid false breakouts. With the help of historic data and price patterns, the entry and exit points will be much clearer.


Neither stop-loss nor stop-limit orders are foolproof. Sometimes you might get whipsawed - your position closes, and then the stock goes the opposite way.

So, my question is for trading pros, how do you handle stop-loss and stop-limit orders?

Disclaimer: This is all fun talk and opinion, not financial advice!

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Bitcoin discussion / Re: Are you ready to see Bitcoin for $8000?
« on: July 26, 2023, 11:10:52 AM »
I think trading is a much more complex concept than that. You can prepare to start slowly with these steps, but you need to be more advanced if you want to trade to generate some kind of income stream. I started crypto trading a while ago but I still feel too inexperienced to call myself a trader.

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I don't think you can trust anyone, especially when you are financially invested. The Bitcoin market is very volatile and I have yet to see anyone's prediction or commentary that is 100% accurate, so if we don't want to break the relationship of trust, it's better not to take investment advice from anyone.

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Introductions / Introduction
« on: July 21, 2023, 01:51:09 PM »


Hello, I'm Suzi.
I am 44 years old, living in Austria. I started investing in crypto on the advice of my son, but after I closed my company I started following the topic more on my own. Since my son doesn't have much time to explain everything to me and I have plenty of free time:)
I hope to improve my knowledge with your help in this forum.

Cheers!

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