Costul de vânzare/ieșire (pe tranzacție)0,50 %
A warm welcome to all new followers! 🤞I'm highly dedicated to making you a killing and this fund a tremendous success. I'm always trying to beat $BTC and $ETH and stay up to date on all new developments to move into suitable investments before the majority of the crowd.
Let's go and ride this wave of world-changing technology driven by grassroots movements, collaboration, and open protocols/markets🚀
Nothing I share is financial advice.
@BPAM I honestly don't get your point. The strategy is up 7000% after a 30% draw down, while $BTC and $ETH went down 70% and are now up "only" 100% ($BTC) and 650% ($ETH) over the same period as this strategy. I only get 15% on actual profits above the high water mark, and the 30% draw down is already after managing fees.
sounds like a great way to clip 3/15. 👍
Quick thoughts: $BTC looks good, especially with Bitcoin dominance going up. Price action like this often marked the beginning of a new cycle. Still one has to consider that 28k is a resistance level and price is also at the top of the channel. Generally, as long as Bitcoin is this strong I wouldn't touch altcoins. I'm going to wait until after FOMC before considering any move. So far $PAXG has been a good bet, so I'm going to stick with it for now.
Good luck 👍
Circle, the company behind $USDC, could face liquidity issues.
"Following the confirmation at the end of today that the wires initiated on Thursday to remove balances were not yet processed, $3.3 billion of the ~$40 billion of $USDC reserves remain at SVB." - Circle on Twitter
There's a good chance they're going to be able to recover most of it. This situation is most likely different than UST's.
Still I don't want to sit this out.
I've been thinking about getting into Gold/$PAXG for some time now and am going to use this opportunity.
There is going to occur slippage due to the fact that many people are fleeing USDC, elevating the price of $BTC, $USDT, and also $PAXG.
$PAXG says it is backed 1 to 1 buy Gold bouillons in London and redeemable at any time, so I consider the risk minimal.
Thank you for your trust, I'm giving my best to handle this situation as good as possible to minimize risk and losses.
As always these are only my personal thoughts on state of things in the market and should not be considered as investment advice.
All the best
What are your plans on your strategy? Any intention to change from paxg and to go btc, eth or other altcoins?
Over the past 73 days, we've witnessed a significant increase in the value of $BTC, with a 57% increase from the low of 15.5k to the current high of 24.2k.
This uptrend has allowed Bitcoin to exit the descending regression channel and trade along the upper boundary of the new channel drawn from the low.
However, analyzing past market movements, I see a strong possibility of a future retest of the channel's lower bound. The high degree of slope of the linear regression only strengthens my view.
With the moving averages and range highs above, I remain cautious.
I left the market in early December 2021 when bitcoin was around 50,000. I am not yet feeling any pressure from FOMO.
Instead, I start looking for sound setups, especially in alternative cryptocurrencies, before making any decisions.
I got my eyes on $ATOM, $FTM, $XMR, $SUSHI, $GNT, $ANT, $SNX, $DYDX, $DOGE, and of course $ETH
I hope you don't find the attached chart too confusing. I tried to give some "historical context" using past regression channels.
As always, these are just my personal thoughts and shouldn't be treated as financial advice.
Cheers!
@p4ul0skar thank you for your feedback
@CryptoEnthuzias Not much has changed, but still gonna work on a new post soon :)
Hi ! Thanks for your update. Any new opinions ? :D
My thoughts on the market:
In terms of the Federal Reserve's monetary policy, it appears they are still committed to raising interest rates and keeping them at a higher level.
However, it is essential to note that the effects of these rate hikes may take some time to fully impact the economy and financial markets.
Despite this, the economy and jobs market appear to be relatively resilient. In terms of macroeconomic conditions, there is a significant level of uncertainty.
However, in the cryptocurrency market, it seems like the recent storm has passed (at least for the time being). Bitcoin (BTC) has been consistently moving higher, increasing its dominance within the market.
I generally see growing Bitcoin dominance as a positive sign for the market's health.
From a technical perspective, it is essential to note that this current market movement should be considered a bear market rally. It is, therefore, necessary to be cautious and keep an eye on further developments before making any significant investment decisions.
I may sound like a broken record, but I stay in capital preservation mode for now.
That being said, I hope you all had an excellent start to the new year!
As always, these are just my personal thoughts and shouldn't be treated as financial advice.
Cheers!
I didn’t look at your strategy over a longer term - I apologise.
You’re crushing it. keep doing what you’re doing and I’ll put some money your way too.
I was wrong (not easy to say sometimes)