I think when btc hits a new ATH alts will get a bigger hit than the slight dip going on right now, because of FOMO and people would want to ride the btc train before it takes off to new heights. So they would cash out some of their alts if not all and buy in btc. But then another altseason will kick off shortly afterwards. Thoughts?
Forum
Sorted by last update
Bitcoin BTC saw a major correction went down over 16% those last 24 hrs and broke the USD 30 k support and dipped all the way down to USD 26,610 but then recovered and now trading at around the newly formed resistance at USD 30 K.
Needless to say Altcoins are still strongly paired and correlated to BTC price so their price depreciated too but already recovering now and some Altcoins like ADA and VET didn't dip a lot due to their strong fundamentals.
Here's the thing about crypto, you don't really lose unless you cash out. What comes down will go up again. It's the missed opportunities that hurt, the potential profit you could have made by either longing or shorting. But as long as you #HODL your coins you're OKððŧ
Keep being asked if one should #HODL or #TRADE. That is absolutely fine if you are a hodler to freeze your #crypto holdings & get #staking rewards but if you are a bit of a risk taker & know when to short and when to long, then profits are higher by #trading but so are risks too.
Current support/resistance :
$35'500.0/$38'700.0 The Bearish momentum indicated by MACD lines along with a neutral RSI is not strong enough to reverse the SB Indicators continued bullish take on the market. A negative day for the bulls with a loss of more than -6.06% off the price! Volumes exploded yesterday with an increase of more than 14.28%.
[img]https://iili.io/Kmwwzb.md.jpg[/img]
100x leveraged futures trading
YFX-first Defi trading platform support 100x Leverage
YFX-first Defi trading platform support Ethereum, Tron, Binance Smart Chain and Huobi Heco
YFX-First trading platform support coin margin swap, USDT swap and hybrid swap.
Up to 100x leverage, supports coin margin swap, USDT swap and hybrid swap, and supports Ethereum, Tron, Binance Smart Chain and Huobi Heco.
Its features and advantages are as follows:
1) Excellent trading method
Order would be first put on blockchain then filled with the price set in the order.
2) Excellent trading on blockchain
To avoid delay and uncertainty on blockchain, YFX invent QIC price quotation system to guarantee trading efficiency and fairness.
Step one, trader put their order onto blockchain.
Step two, QIC price index system feed smart contract with the price at the time order been put on blockchain.
Last step, smart contract open or close position.
3) Excellent market maker pool
Each trading pair has a market maker pool, and users' trades and P&L are settled with the market maker pool. All trades would be made with the Market Maker Pool. For each trading pair, there is a Market Maker Pool, orders are settled in Market Maker Pool. As market maker, you only need to staking one type of token to Market Maker Pool, redeem your fund in Market Maker Pool at anytime you want.
4) Excellent Non-over-loss mechanism
YFX solved system over loss issue. In YFX, market maker use a different leverage as traders. In a normal situation, market maker would use 1/5 leverage when a trader trade with QIC-AMM. For example, when a trader open a position of 100 USDT, 10x leverage long position, QIC-AMM will use 2x leverage, in this case 500 USDT will be frozen in market maker's account.
Both traders and market maker have a loss and profit cap with in the case of liquidation, the trading platform won't afford any loss from market swing and protect all assets in our smart contract.
This mechanism prevent systematical liquidation rick by put a cap on winning and losing traders. This mechanism can prevent losing traders drop below zero. This mechanism can avoid trading failure caused by block time delay and other uncertainly issues.
Indeed btc is now perceived as a store of value exactly like gold but in digital format. Its technology is too outdated to serve as a payment or disbursement mechanism so has no intrinsic real time applications.
However gold is scarce enough as a commodity and employed mainly in jewelry so people won't stop buying it, same goes for btc, it's a very scarce digital asset and now it's too hard for most to even buy one full btc coin.
I think both btc and gold are here to stay and nothing can change that fact.
But from an investment perspective I still believe selective handpicked alts such as ETH, ADA, XRP and VET are the way to go in terms of real life applications, use cases, ROI performance and sustainability.
With a minimum investment of 20 dollars grows for 50 days 3% a day! You earn the profits and your investment is used up! Grow at your own pace and/or join this affiliate program and earn big by promoting this!
I am Mashell Chapeyama, from Zimbabwe. I am a crypto writer and ethusiast. I like spreading knowledge about cryptocurrencies and the blockchain because such information has the power to change the world.
I research and write on various topics and work daily to improve my understanding of cryptocurrencies and related investment and earning opportunities.
So $BTC consolidating at USD 23,100ish... Crypto charts readers, traders and predictors: Will Bitcoin continue the bullrun rally and keeps going up and to which price level you think before it drops? Or will BTC retrace and correct? If the latter to which rough price it might go down to? Let me know your answers and valuable feedback. Always good to hear different insights and opinions from members of our crypto community.
PS: Toxic, sarcastic and negative comments are neither allowed nor tolerated.
People been asking me what to invest in now after the currently ongoing bullrun. Well here is my answer:
What to invest in:
Right now as in today:
XRP
ADA
LINK
DOT
Later post correction:
BTC
ETH
LTC
Disclaimer: this is not a financial advice. Please do your own due diligence and research before investing and always remember never to invest more than you can afford to lose