Cryptocurrency market trends I

[Sloane Ranger]

Also Etherum sounds good if you got a computer

Why computer ?

 

[Abdalla]

In july this year bitcoin was 3k, today it hit 29k. It will crash soon, but it might hit 45k this year. The natural rate of bitcoin is around 7k. If you want a quick cash, whenever the rate is <7k, BUY it. If you're in for the long run, buy it after the crash and hold it for the next bubble in a year or two.

In just mere 6 months it grew 7x. I don't think we'll ever see such fast growth ever again.

Bitcoin reached a new height in December 2017 and it crashed in December 2018, so it took a whole year to crash.

 

[Invader]

Why computer ?

If you want to mine it is what I was referring to instead of spending money.

 

[Apollo]

Spoiler

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This is the best buying strategy, if you are bullish.

If you believe this is a real bull market and not a fake out, then use this buying strategy. Do not wait for very low prices like 7k, 10k etc (like @Abdalla has mentioned). This won't happen in a bull market. This will:

If you are strongly bullish: buy at 100 day ema. YOLO.
If you are mildly bullish: buy at 200 day ema (risk of never going there)

Use this charting platform to find EMAs: https://www.tradingview.com/ (it is easy), google how, lots of tutorials.

Currently:

But be warned, this can also happen, fake out scenario (back to $4,000).

 

[Apollo]

30,000

 

[Ghengis Kaarhis]

30,000

31 000

 

[Abdalla]

30,000

We'll never see 3-7k. At the very worst it'll crash to 11k

Fu.ck

 

[Apollo]

We'll never see 3-7k. At the very worst it'll crash to 11k

Fu.ck

15-22k in case of it being a real year/two year long bull market. Only that 100 or 200 ema strategy you can get in on a dip.

 

[Ghengis Kaarhis]

32 000

 

[Lord]

Hello Bosses. What min amount of money do you need if you want to start rn?

 

[Apollo]

Face melting bull market, insane shit.

 

[Ghengis Kaarhis]

Hello Bosses. What min amount of money do you need if you want to start rn?

Whatever you can afford, there will be profit

 

[Apollo]

Whatever you can afford, there will be profit

Buy at pull backs using that above strategy I explained. Don't be dumbasses and buy at temporary peaks.

 

[HanWER]

How long will this Bitcoin rise last for honestly??

 

[Apollo]

How long will this Bitcoin rise last for honestly??

It will go to either 100,000 or 10,000 in 2021.

50% / 50% gamble.

 

[ReerVanCadde]

I doubt it will drop down to 10k again only because the people holding bitcoin are institutional investors. For example, Squarespace bought 50mill worth in October.

 

[dr.leorio]

Don't buy at an all time high. That's worse than gambling

 

[Apollo]

I doubt it will drop down to 10k again only because the people holding bitcoin are institutional investors. For example, Squarespace bought 50mill worth in October.

Institutional investors are only putting 1% of their portfolio into crypto. They don't care if it drops by a lot. They will hold it for decades and it will be only a -0.75% loss for them.

They also aren't perfect, lots of them were buying in 2007 right before the 2008 global crash. Moreover, there are also shorting institutional types who like to make bank on the downside.

 

[Sloane Ranger]

@Apollo what resources would you recommend to learn about the crypto or stock market ?

 

[Aurelian]

30,000

I don't get it, it is 32 k now but in coinbase it is like ~27k at the same time, why?