Good morning, traders worldwide! And happy Valentine! I know a lot of us probably spent our Valentine's day with the market charts and those red candles everywhere... LOL! Seriously though, the crypto market has been bleeding hard lately.
Bitcoin dropped down to around $60,000 earlier this month, but it bounced back a bit and is now sitting near $68,000 and $69,000 .Many altcoins have also taken big hits and are down a lot too. Many people are arguing if prices have reached the bottom.
Well, to me, I think bitcoin still has many price levels at the lower territory to reach, I think this is just the beginning of bear market. Normally we need to see almost 60-70 % drop in price for the main bear market going by the four years Bitcoin market cycle. I won't get myself bothered about what is happening now.
I will sit quietly watching what's unfolding until we hit the last bottom. Currently prices are at $68,800 price level, resistance at $70,000 and support at $60,000 price levels. Am still expecting price to break the support level down . According to my analysis, Bitcoin is expected to drop to $40,000 - $38,000 price levels. Before Bitcoin dropped like this in price, I already told you guys that prices were shifting since when Bitcoin was at $115,000, I called out $55,000 price levels, but none believed, not even on Binance Square. But now, here we are, and more liquidations are waiting, market will drop lower and people will think that crypto is gone.
Well, the best time to begin to buy is immediately price breaks down to $55k, then crypto asset will drop drastically losing almost 70% of their values, you should begin your accumulation from this levels. Alright guys! I was just trying to discuss Bitcoin a little. Be careful while trading and be financially responsible, market doesn't care about your feelings. Cheers!
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I not think BTC fill go low lot more.
And even if it does it will be a very fast lightning move and then back to 60 or 70K.
60 K is an ideal bottom, but it can shake the price here for on 60 k a long time. I rather fear HIVE, because our idiotic developers on top did not give us a bull market out of their greed ( with meaningless printing - and lot fake bot pages ) , and it could end very badly. Many do not have the reserves to go through a bear market 💁♂️ It's easy to say they have it, but in reality they don't... even I not have after 4 years of coin collecting holding the bag with no value 💁♂️, and with such low prices in a bear market , we are printing ourselves to death simply to keep our expenses up on HIVE.... and the free Hive being thrown out for projects that produce nothing., + several other money issues that do not produce anything. We have very big problem on HIVE 💁♂️💁♂️💁♂️
Let them wake up and see this the issues on hive, and work toward to sort that out. this is a great platform. To me, I feel things are supposed to change. DHF is supposed to stop, it deosn't mean anything more than harm the system. Let every dev with their project work to cater for their business. Every man that owns a business or develop a project is supposed to know that he or she has to fund the project or ask their community for support.
Hive will not fall, if we can manage it from here. Now so many of these guys from Blurt has been calling out on the same thing , that hive will fall. There so many greedy idiots here that have seen. the future of the project is been played by the owners. Hive is killing it self.
To me, I feel reward payment should be only on HBD including with withdrawals, which means that HBD must be available on centralized exchanges. $hive should only be meant for staking for power. Hive is a big platform with so many users. What's stolpping them from running ads, to further use the revenue from there as an external income added to reward pool?
" Let every dev with their project work to cater for their business. Every man that owns a business or develop a project is supposed to know that he or she has to fund the project or ask their community for support "
👆👆
I totally 100 % agree with that, but I've never seen creators do that, even during the steem times , also I want add something also...Even if you get a lot of money from HIVE DHF , if the project fails in a few months, the project owner will have to pay back 70% or 80% of the coins. We still don't have any real fear or discipline in the system when it comes to using money, currently issuing coins is so easy that after 3 or 8 months you can say you're not interested anymore and that's it, no one will pay anything back either... 💁♂️💁♂️💁♂️🙈 that's what it basically does DHF 🙈, this how they was buy sport car to use it to take money 🙈
Humm! So badly seriously
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