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Chill

What's the big deal?A big part of trading in the crypto space is patience. As more technology is developed and BTC becomes more antiquated in comparison, the growing pains are par for the course given that ALTS are still attached, using BTC price as an indicator. I also don't think it is going to be as bad of a transition given Intel's new chip on the horizon? The metaverse is seeing huge institutional investment and MANA is just beginning. How it reacts to the overall market is indicative of a "newish" token. There isn't a lot of data to offer support in the current price range so it really comes down to BTC. I've been wanting BTC to hit $29k for months...just to get it over with. It may bounce off $35k in the next day...or continue down towards 29-30k? I don't see these dips as "crashes," just the evolving pattern that is still very much intact. In previous downtrends that lead to the ominous Crypto Winters (so dramatic), this industry was super speculative without a whole lot of understanding of the technology being developed, near zero adoption, and certainly lacking clear vision as to the potential of the space. People are beginning to understand, adoption and innovation is beginning to flourish. Nations and big businesses are looking toward blockchain for real solutions and industries are building in the metaverse. Today's chart is to just chill everyone out. 56% drops seem to be the magic number before a rally. The "fake out" on Jan 15/16 was disappointing but to no fault of what's actually happening in the metaverse space. Some analysts are calling for $1.5...why? Just because it was where MANA took a breather on its ascent to $5? That's stupid. What is MANA worth? I have no idea as to its intrinsic value. I do know that companies like Adidas, Nike, Samsung have done their research and feel it is worth something. We don't know where the bottom is and as I've said this before with ADA, anything under $2 is a bargain. Even at $1.50, MANA's price would still fit into the bullish descending wedge in the next few days. A drop to $1 would turn that wedge into a channel and trigger the bots to do their thing, bringing MANA back above $3 or even $5 in the short term. I used to say the same about ETH with $200, then $450, and then $2500 within a year's time...each bargain prices. It doesn't so much matter where you buy as much as where you sell. To freak out is to think MANA will never hit $6. If you don't think it will, why did you buy at $4.35? Crypto is going through its cycle and the world is watching more than ever. I'm also not worried about Biden's regulations. As much as I'm not a fan philosophically, I think it will ultimately be good for crypto investors, offering slightly more security which will lead to more innovation and adoption. Also, besides this not being financial advice, know that there are so many unknowns. People will figure out the advantages of anti-inflation and buy versus sell when the news of inflation tanks Wall Street...so yeah, some things are counterintuitive as this industry grows and people will catch on as they become more educated.
MLong
by keykomg
CGC YOLO LONG.I mean think about it. It's legal weed. the product itself has a great future. You can keep day trading and losing your money but why? Just why? I mean while you are day trading your last money I'm here imagining a future where weed is sold worldwide using delivery drones and guess who's gonna be the leader? Obviously CGC! This is the stress free long term investment that just cannot go down. People are gonna be more accepting of weed in future with moms and dads and aunts and literally everyone smoking on that good ganja. And you guessed it right! They're gonna buy it from a weed supermarket that is supplied by CGC!! Unlike TA this just makes sense!
CLong
by sv_cee
BITCOIN "CRASH" really a crash? Two possible scenarios!Hey tradomaniacs, I know i know.. take a deep breath and chillax. Everyone is talking about the bubble..the CRASH.. the DEATH of Bitcoin & Co. Well..since we had this strong hype that was almost utopistic everyone felt like Bitcoin & CO were unstoppable. But why? Why would you think like that? Because we have a big market of players with no freaking clue how the market, the psychology, and this entire world works. Unexperienced gambler were those who let the pros win this game. And what we see is people who were buying at BTCs peek and consolidation-phase. Now it`s time to let them regret to even think about investing in Bitcoin! Right? This is how the market works. Of course.. I sound naughty. But this is how this game works. If you win, someone else loses. You buy, someone sells. You sell - someone buys. We know that this "Crash" which is obviously a joke compared to this awesome but unhealthy rally we had is also caused by bad news from china and sout korea. BTC has still its scale-problems a lot of teams are working on. Buzt are we patient enough? I like this paradoxal phenomenon that we are the ones who are afraid of the crash but CAUSE that crash with SELL- orders not willing to invest in other COINS which could give us nice "hedge-possibilitys" to diversify and still be able to make profits when BTC drops. But.. the market is irrational. What we see is still a joke of a "crash". As long as we hold the primary trendline plus the 200 MA it`s still all good. We had a 257% run within 35 DAYS after the last "crash" down to 5.500 USD which is crazy compared to this high price per BTC we actually have/had. Now we had a 48% loss within 35 days. You should always see that "correction" or "crash" in relation to the climb we had. We might test the 10k. We might climb back to 20k. We might consolidate. We might drop down to 8k. But we still see a nice profit we had after this rally. ;) Just chill.. get a plan and strategie. It`s not worth to die by a heart attack because you check your blockfolio every 5 Mins. ;-) May we shall start with an ecosystem and start to stop thinking the the entire Cryptoworld dies with its King called Bitcoin. May we should start to invest into alternatives? Like Altcoins? ;-D Piece and good trades, Stay calm!
BITSTAMP:BTCUSD
by Trading2ez
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