Situation from yesterday: My girlfriend received a spam email that she has Bitcoin to collect via PayPal 𤣠Conclusions: - you need to be careful of scammers because there will be more and more of them - THE MOST IMPORTANT ... If such messages start to reach people who have nothing to do with crypto, it means that BTC is becoming more and more talked about and the market is heating up. Soon they will start talking about crypto on TV and radio š
About a month ago, at the second dip on BTC, I had a dilemma whether to buy coins and go long or wait because it wasn't certain whether BTC would go down further or not. The technical analysis didn't clearly indicate a trend change either. We were in extreme fear, but... the best indicator that I started buying right then and going long is the situation at my workplace where a colleague started saying that it was the end of cryptocurrencies, that it was a scam, that it was a pyramid scheme, that one should sell at a big loss to save the rest of the money - that was the best indicator of the bottom š¤£š¤£š¤£ Now I have 12 long positions open with profits from 100 to 1600% and I'm 100% up on spot š You can stick technical analyses up your ass - it's an indicator of fear and greed, and people's behavior is the indicator of the crypto market š
Oh what a mess.... š¤£š¤£š¤£ but I think we're closer to the end of this correction than further away. I hope the market rewards our patience. Most old investors used to say not to invest more than 10% of your money - now it's clear what they meant. Those who based their investments solely on futures have gone bankrupt, those who invested in spot and sold at a loss and left here "cheated" have lost. We are left, who hold onto coins and still believe in a bull market. Even if the bull market were to end, remember that the coins we have in our wallets are ours and can sit and wait for better times - I currently treat it as a long-term investment like gold. The time will come when we will break even and even profit from these coins, only.... PATIENCE.
Honestly - it would be better for all of us if Trump and his administration did not deal with the crypto topic, left cryptocurrencies alone because what they are doing is not serious. They treat crypto as a curiosity, I don't take it seriously, they are playing with the market... Even this congress.... Embarrassing...
The US dollar is losing value rapidly. Trump is intentionally trying to weaken the dollar, making international trade more attractive and, most importantly for us - a weak dollar is good for strong cryptocurrencies š I think all of Trump's maneuvers are intentional, aimed at weakening the dollar so that the US economy gets a boost. As for the "trade war" - in the long run, this could bring significant benefits because the technological race means innovations and money for AI, and tariffs on goods could bring additional funds to the budget and increase price competitiveness - that's my opinion.
Tomorrow it will be reported on TV, on the radio, on websites, in newspapers that the USA will have cryptocurrency reserves and the streets will return ššš
We must consider the scenario of a drop to 72-73 k $ in BTC. Whales made purchases at 78 k $ but it was still too small. I think that at the main support of 72-73 k $ they will significantly fill their pockets. In my opinion, this will happen before March 7, before the cryptocurrency summit at the White House, which Trump is set to participate in. After this event, I expect a pump although it can vary - in this cycle even very good news almost doesn't help š¤£
Those who are entering the market right now are very lucky. Some projects are very cheap and can bring substantial profits, but probably most will not realize the profits on time, just like us š¤£
ThorChain is amazing. The recent drops only slightly affected it, and during the night it shot up beautifully š I said that runes bring good luck š My current wallet is only Dogecoin - I put everything on one card and went long x3 on Rune, where I am in a great profit. As for Rune - this currency has enormous potential, just recently it was worth 7$ i and after fake news about the collapse of this token, its value dropped to $1, now Thor is getting back on its feet š
After this morning, my investment attitude has changed from medium-term to long-term. I'm leaving Dogecoin until autumn - if it continues to suck, I'll leave it for the future bull market... I don't see any other way out. I won't get out of here with losses, I'll keep this mutt even until I fucking die 𤣠10% of my portfolio went long x3 on SOL. If I get liquidated - tough luck - nothing happens.
This cycle is unlucky.... Something bad is always happening and when everything seems to be ok, suddenly someone does something again... If not politicians, then thieves - but I think they are in the same boat. Let's hope that the cycle will compensate us for the difficult start of the year and give us good growth.
As for Pi Network... In my opinion, a financial pyramid to the max. By inviting friends to the project, Pi gets in and so does the friend. Later, he continues to invite and gets in and we also get in for inviting someone..... I've heard about such things before, but from TV about how people are dragged into the swamp. So that it doesn't turn into another scandal that will hit crypto... I started hearing some time ago that crypto is a pyramid (which is wrong), but Pi can give our opponents an excellent argument to confirm their theories...