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❓ASK What is Bitcoin Bottom

Yugocean

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The Bitcoin (BTC) price has dropped so much that, now market experts are trying to figure out the value of Bitcoin on the basis of its Bottom (minimum point of loss), insted of the next ATH (All Time High).

The movement of the crypto market is based on Bitcoin; crypto experts are currently calculating all technical analysing, there are lots of guess, but no one is able to indicate anything clearly.
 
This state of affairs may, to some extent, scare off investors. They can start a mass withdrawal of existing funds from the exchange. And Binance has the largest bitcoin wallet among the rest of the exchanges. No matter how it spravotsirovat panic in the cryptocurrency market.

CZ is intelligent too, US cannot sue Binance, it is able to sue Binance.us only. Other countries are also trying to get hold of Binance, this is an attempt to hold the crypto market. We don't know what is in the future plan, yet many hints are there, new Bitcoin bottom might be due to US
 
CZ is intelligent too, US cannot sue Binance, it is able to sue Binance.us only. Other countries are also trying to get hold of Binance, this is an attempt to hold the crypto market. We don't know what is in the future plan, yet many hints are there, new Bitcoin bottom might be due to US
Today, by the way, the cryptocurrency market began to fall, it may well be that this is due to the lawsuit against Binance. Bitcoin is down 3.51% in the past 24 hours to $26,918 while Ethereum is down 2.20% to $1,722.
Of the top 10, only XRP remained in the green zone, excluding other altcoins.
 
Today, by the way, the cryptocurrency market began to fall, it may well be that this is due to the lawsuit against Binance. Bitcoin is down 3.51% in the past 24 hours to $26,918 while Ethereum is down 2.20% to $1,722.
Of the top 10, only XRP remained in the green zone, excluding other altcoins.
Update, it was early, but BTC gained back at 5% up, it is at the level of 28k. Same with other cryptos as the market follows Bitcoin trend. Some experts think BTC will reach 30k this month, I am not sure, but green market gives hint
Screenshot_20230329-152645-262.png
 
Update, it was early, but BTC gained back at 5% up, it is at the level of 28k. Same with other cryptos as the market follows Bitcoin trend. Some experts think BTC will reach 30k this month, I am not sure, but green market gives hint
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I agree that he began to win back his positions. I went and looked at the monitors, it really rises already above 5%. On the one hand, this is good if we consider lawsuits as a means of putting pressure on the crypto market as a whole. On the other hand, they will look for other instruments of pressure if these do not work. The current US administration calls for abandoning bitcoin, and as an alternative, they offer a transition to a digital dollar.
 
I think, we only missed there. Have we purchased on the dip, there would be some benefit we could have made. I was just out of funds (invested in others), but whatever, trading chances are always available.
 
I agree that he began to win back his positions. I went and looked at the monitors, it really rises already above 5%. On the one hand, this is good if we consider lawsuits as a means of putting pressure on the crypto market as a whole. On the other hand, they will look for other instruments of pressure if these do not work. The current US administration calls for abandoning bitcoin, and as an alternative, they offer a transition to a digital dollar.
I do not think that what we saw was the bottom, there are many pressures against Bitcoin and cryptocurrencies, the stock market at these prices I think is unsustainable and we are simply denying the obvious, that we are about to a recession, on the other hand the Central African republic abandoned Bitcoin, the Russian legislator does not want to know anything about Bitcoin, in the UK they were sent to turn off all the Bitcoin ATMs, I think the Bitcoin and economic panorama is quite clear, I just say that you have to have liquidity
 
I do not think that what we saw was the bottom, there are many pressures against Bitcoin and cryptocurrencies, the stock market at these prices I think is unsustainable and we are simply denying the obvious, that we are about to a recession, on the other hand the Central African republic abandoned Bitcoin, the Russian legislator does not want to know anything about Bitcoin, in the UK they were sent to turn off all the Bitcoin ATMs, I think the Bitcoin and economic panorama is quite clear, I just say that you have to have liquidity
The fact of the matter is that, judging by the news, there is strong pressure on the cryptocurrency from all sides. By all means they try to stop the market, scare off investors. It seems to me that now, in fact, there is a main struggle between the whales and government agencies. And the whales have enough money to move the market in different directions. But, no one wants to lose their influence, nor the money invested!
 
The fact of the matter is that, judging by the news, there is strong pressure on the cryptocurrency from all sides. By all means they try to stop the market, scare off investors. It seems to me that now, in fact, there is a main struggle between the whales and government agencies. And the whales have enough money to move the market in different directions. But, no one wants to lose their influence, nor the money invested!
The money invested can simply escape and take refuge in other assets as "smart" money, as it is usually called, usually does, the whales that so many talk about are surely the same as those of the traditional financial market. We are lucky that in the blockchain you can almost always know who the Bitcoins belong to, and it is known that the US has 144,000 bitcoins, supposedly grayscale has 500000 bitcoins, a lot of chanpeng zhao, Mychael Saylor has over 100k bitcoins , Nayib Bukele, probably the Chinese government, on the other hand, Satoshi's bitcoins Nakamoto, so if we talk about whales, most of them are known, I don't think they will abandon the ship, but anything can happen, especially when the actors are large institutions like in the traditional market, and let's remember what happens to the traditional market in all recessions, which is going to hell.
 
The money invested can simply escape and take refuge in other assets as "smart" money, as it is usually called, usually does, the whales that so many talk about are surely the same as those of the traditional financial market. We are lucky that in the blockchain you can almost always know who the Bitcoins belong to, and it is known that the US has 144,000 bitcoins, supposedly grayscale has 500000 bitcoins, a lot of chanpeng zhao, Mychael Saylor has over 100k bitcoins , Nayib Bukele, probably the Chinese government, on the other hand, Satoshi's bitcoins Nakamoto, so if we talk about whales, most of them are known, I don't think they will abandon the ship, but anything can happen, especially when the actors are large institutions like in the traditional market, and let's remember what happens to the traditional market in all recessions, which is going to hell.
You see, we practically answer the question of what is happening in the world now. Well, you can also consider such an option that there is a struggle between the "old" and "new" capitals. I think you know what it is. New money accepts cryptocurrency as something that can move progress forward, but old money does not need it anymore. They simply do not want to lose their influence on what is happening on the planet.
 
You see, we practically answer the question of what is happening in the world now. Well, you can also consider such an option that there is a struggle between the "old" and "new" capitals. I think you know what it is. New money accepts cryptocurrency as something that can move progress forward, but old money does not need it anymore. They simply do not want to lose their influence on what is happening on the planet.
Yes, they really don't want that to happen, and there's not much more to say, the cryptographic market is just a speck of sand in the vast world economic market, and I don't think it stands out from everything else, it's just that as we are interested in cryptocurrencies we surely hear news about them every day and some of us may be biased, but if the financial market falls we will all fall, I don't think cryptocurrencies are going to stand out or they are going to be the salvation to a recession in question, when the panic and blood reaches the streets, everyone suffers.
 
Yes, they really don't want that to happen, and there's not much more to say, the cryptographic market is just a speck of sand in the vast world economic market, and I don't think it stands out from everything else, it's just that as we are interested in cryptocurrencies we surely hear news about them every day and some of us may be biased, but if the financial market falls we will all fall, I don't think cryptocurrencies are going to stand out or they are going to be the salvation to a recession in question, when the panic and blood reaches the streets, everyone suffers.
That's it! If there is a big recession, then nothing will save everything from the bankruptcy of everything. Even cash will turn into just the paper on which it is printed. Therefore, I say that it is worth stocking up on salt, matches and cereals! A joke, of course, but as you know, in every joke there is some truth.
 
That's it! If there is a big recession, then nothing will save everything from the bankruptcy of everything. Even cash will turn into just the paper on which it is printed. Therefore, I say that it is worth stocking up on salt, matches and cereals! A joke, of course, but as you know, in every joke there is some truth.
Notice that you know that I am not very fond of fiat because we already know what it is, although it is the money with which we pay our bills and everything and we have no option, but I think the most logical thing would now be to be in good part of money in fiat, because whatever happens, if people flee always flee to the dollar and this will be so until it remains the world reserve currency, so the cycle will repeat itself.
 
Notice that you know that I am not very fond of fiat because we already know what it is, although it is the money with which we pay our bills and everything and we have no option, but I think the most logical thing would now be to be in good part of money in fiat, because whatever happens, if people flee always flee to the dollar and this will be so until it remains the world reserve currency, so the cycle will repeat itself.
There is simply no alternative to the dollar now, so it will be the reserve currency until the end. Even among the population of the poorest country. No one believes in a large account in the local currency, I don't mean the euro now, and at the first opportunity they exchange it for a dollar or euro.
 
There is simply no alternative to the dollar now, so it will be the reserve currency until the end. Even among the population of the poorest country. No one believes in a large account in the local currency, I don't mean the euro now, and at the first opportunity they exchange it for a dollar or euro.
Well I think it will be the world reserve currency until there is no other that precedes it, and as almost all countries in the world are indebted in dollars i think this is very difficult to happen for now, in addition others say that Bitcoin will become a world reserve currency in the future, look I do not deny that this could happen in a hypothetical future, but not as long as it is measured in dollars or other fiat currencies it is not possible, as long as everything is not measured in Satoshis, this is simply an illusion.
 
BTC is dropping again, it although crossed 29k, but in more than 24 hours, it is again playing wild games between 27k and 28k. Value isn't up even when month is ending. No prediction got its true bottom.
 
Well I think it will be the world reserve currency until there is no other that precedes it, and as almost all countries in the world are indebted in dollars i think this is very difficult to happen for now, in addition others say that Bitcoin will become a world reserve currency in the future, look I do not deny that this could happen in a hypothetical future, but not as long as it is measured in dollars or other fiat currencies it is not possible, as long as everything is not measured in Satoshis, this is simply an illusion.
Many say now that bitcoin will be a reserve currency. But this will not happen for many reasons. First, it is virtual. How can you do something as a reserve currency that doesn't exist in the real world! Secondly, it is highly volatile. Besides, it must be measured in some way. Or ... There are enough eternal reasons for this not to happen.
 
Many say now that bitcoin will be a reserve currency. But this will not happen for many reasons. First, it is virtual. How can you do something as a reserve currency that doesn't exist in the real world! Secondly, it is highly volatile. Besides, it must be measured in some way. Or ... There are enough eternal reasons for this not to happen.
Yes, well but the CBDC of the dollar will be world reserve currency and it will be digital and much worse than Bitcoin, well excessively worse, on the other hand Bitcoin cannot be world reserve currency because it is valued in dollars, how is a world reserve currency going to be a currency that is valued in another, it makes no sense.
 
Yes, well but the CBDC of the dollar will be world reserve currency and it will be digital and much worse than Bitcoin, well excessively worse, on the other hand Bitcoin cannot be world reserve currency because it is valued in dollars, how is a world reserve currency going to be a currency that is valued in another, it makes no sense.
That's what I'm talking about! It cannot be the world's reserve currency simply because it is not tied to anything physical.
It's just nonsense! The real economy cannot rely in its calculations on something virtual, on something that does not exist in reality.
 
That's what I'm talking about! It cannot be the world's reserve currency simply because it is not tied to anything physical.
It's just nonsense! The real economy cannot rely in its calculations on something virtual, on something that does not exist in reality.
But that's also what I'm referring to, the CBDC of the dollar will be world reserve currency and will be only digital, so how to be, can be, but of course, only the one they dictate, because when all the money is digital and there are only CBDCs will be one of these CBDCs, probably the dollar.
 
But that's also what I'm referring to, the CBDC of the dollar will be world reserve currency and will be only digital, so how to be, can be, but of course, only the one they dictate, because when all the money is digital and there are only CBDCs will be one of these CBDCs, probably the dollar.
Nothing will change in essence, they will simply get another tool to influence the financial system. They manage it manually!
If they really want to compete with bitcoin or cryptocurrencies in its face, then it is necessary to create a tool that will be similar to the blockchain. Which will work always and everywhere, regardless of their desire. On the work of which they will not be able to influence in any way.
 

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