Fundamentals are the first thing I look at, if they don’t tick those boxes then I’m not interested, whether it’s crypto or stocks. Maybe I’m old fashioned. But I doubt it.
"we could pull back to $20,000 to $30,000 on bitcoin, which would be a 50% decline, but the interesting thing about bitcoin is we’ve seen these kinds of declines before,” Ether Outperforms Bitcoin; Guggenheim, JPMorgan Fear "Major Correction" In Crypto (Again) As Op-Ex Looms
So it just keeps pulsing and pulsing? Down and up and then down again? ALL CRYPTOS DO THIS. And I don't trust them, because they all look like bubble-after-bubble. People move in and out, pump and dump. Then they move from one crypto to the other. I think this game will end very very very badly for them
Is going straight up without any corrections more healthy? Everything needs to have pullback to form a new base now and then but the overall trajectory is UP. Nothing goes straight up forever. Not even cryptos so dont expect that. There will always be corrections along the way They are in a bull run but it is still following the same principles as anything else so far.
I understand the hesitancy on your part, I used to be there. As for now the reversal may have already happened earlier or maybe it will drop some more? It's been going up slowly all day and the question now..... Buy on that dip or wait? Maybe someone has answers haha. The markets and cryptos may have a big climb ahead of them still....just saying. I'm very bullish for now personally. Theres just too much easy money feeding it all.
I dont know how much US news you are exposed to but the Fed is basically the government here now. Big spender Biden is already making Drumphs spending spree seem like small trillions. He will get support from all Democraps and enough rinos of course like always. Everything can be fixed by throwing enough tax payer dollars at it as you know and to be the "party for the poor", you need to keep everyone poor. This will all go on until it doesnt anymore.
millions of new online account being set up each month, going on... continue easy money funding this... so long as it goes in one direction... HERDS will chase/run/jump on this there may be very little to no pull backs, but it does all the charts looks like bridge, with a pillar, a two pillars, a three pillars etc when the future is reveal to you in a dream/s we meet some destructive robots chopping those artificial humanoids, but they did not harm humans stackers trying to plug back into the digitals world, not sure how we ever obtained such advanced hacking skills to do the job, but human made those droids anyway the world is never the same mathematics can be solid, but there is an ACT that can destroy it the moon hangs there without a pillar or string since day one
If you look at the 5-10 year charts, you will see that they're full of abrupt bubbles: mountains peaking and dropping like the rock. THOSE ARE NOT CORRECTIONS. What these "coins" to is lure people in (like MLM, tulip bubbles), then the whole roller-coaster ride collapses.
People collected "Hello Kitty" toys wildly in the 1990's. No fundamentals, no charts, no development team, no inflation, no cap on quantity, no market cap. Just HELLO KITTY. And the prices went up. Dogecoin is based on a dog. People could buy-sell, collect and pay for services using this coin. The basic infrastructure existing for it is enough. It's working now and I can't see why it can't go all the way up to 10 $ per coin.
Oh yeah this is for dogecoin I forgot haha. I dont watch those charts so who knows. I was speaking about the real cryptos that actually do something.
in 2019 my missus told me to buy $500 worth of Dogecoin, i ending up buying DASH instead. Now i get to hear her tell me how that $500 would be worth (atm) $160,000. Please Elon, pump DASH too.
If he can pump a worthless stock like tesla and become the richest guy on the planet, I guess it only make sense he can pump a just as worthless coin like doge lol. this guy could sell sand to the arabs
Ok i got her to look through the top 200 coins and she picked Celsius and SushiSwap. For future ref, Celsius is currently $6 and SushiSwap is $13.60 USD. Lets see how high they can go.
the guys at sushi are pretty clued up, they have a great product even if its a copy of uni and v3 launches today.
SushiSwap? Sounds like a trinket-coin. People on this forum are bashing even Reddcoin, which I find particularly interesting.