It's has not been easy for Bukele because he started buying when Bitcoin was high. With portfolio down by over 50%, most people were thinking the country will go bad economically. However their balance sheet is good and they bought the Bitcoin dip.
El Salvador is a Bitcoin country, for Bukele 1BTC = 1 BTC, and this is how he is able to save economy. It is difficult, because USD is the international currency, but Salvador exports power, imports less, so the Bitcoin bottom was a good dip for him.
Well, those people don't care about learning, they just dump trash comments here and that's it, if they commented but asking questions or with the intention of learning nothing would happen but they comment as if they knew the topics they were talking about and everything later comes to light , either because someone really knows what they are talking about and counterargues it or because the administrator knows that they are talking nonsense.
Take the same affiliate marketing, everyone advises to do it. But in fact, if you take it, then even the basic rules and principles of making money on it, few people know. But everyone talks about him as professional marketers. Okay, the admin will figure it out in time!
That's why I never listen to experts and analysts. The only thing they can do is speak beautifully. All information is freely available! Their forecasts never come true, but only sometimes coincide with what is happening on the market.
The expert predictions wasn't in line with what really happened. I wouldn't blame them because they give judgement based on the information at their disposal. When I also carried out my analysis on bitcoin, it point that bitcoin will hit the support zone at $13k before it will make a rebound and resume a bullish movement.
Yes at the peak of the dip, he started to buy 1 Bitcoin every day and he has been doing that. You Know Western news outlets do publish articles to paint people not playing by their terms dirty. Time will tell for sure.
For me, an independent forecast and subsequent actions are always more important than what someone says.
In the end the best analysis you can do is yours, you can use different analyzes or points of view of others to help you in your analysis to form a better decision, but the last decision is only yours.
The best analysis you can do is to systematically analyze the data you collect. This may involve analyzing trends, patterns, and predicting future changes. Depending on your industry and analysis needs, you can use different data analysis techniques.
It is always better to have notions of technical and fundamental analysis when you are going to invest in a new asset also from the recent news of the asset and the past history of the asset in general.
The idea of technical and fundamental analysis is certainly good. But this is really worth understanding if you are investing seriously. And since I do this, for fairly small amounts, my own assessment of what is happening is enough for me. Although, sometimes I make mistakes and lose a little, but not enough to talk about it seriously.
When I conduct analysis, I ensure to use just two indicators , they are EMA and the RSI. These the major indicators that I use, coupled with the price action. The movement of the price indicate the market sentiment and that is what I adopt to make predictions.
Cryptocurrency price movement can reflect the general mood of the market. For example, in the event of a fall in the price of a cryptocurrency, it can be assumed that the market reflects a negative mood. On the contrary, if the price rises, it can be assumed that the market fully or partially maintains a positive mood.
It is very important to ensure you understand how to predict the market movement because it is needed if you are keen to engaging in cryptocurrency trading. This is how to make reasonable money out of crypto.
Various analytical methods can be used to predict market movements, including technical analysis, fundamental analysis, and the use of machine learning. Technical analysis uses historical data to predict future market movements based on statistical models. Fundamental analysis uses factors such as economic and political data to predict future market action.
As well as everything you explain in the blockchain there is one more analysis to take into account because it is a totally transparent technology and we can see the transactions we should include the onchain analysis where we can see the movements of possible sales and also the incoming demand in the cryptocurrencies and be able to analyze possible movements
Determining a bitcoin button is not easy. However, I believe when the bitcoin is low, it's best to buy rather than sell. A lot of people do sell the coins when the price as a result of anxiety, but I think this failures.
Earnings Disclaimer: All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.
