Just4FunTrader

Just4FunTrader

the long term trend is to flatten out. But expectations are dreaming from 200k and even 500k or 1M USD per BTC. That scenarios would break the long term trend and be a moon rocket on crack. Not impossible. But I would say more unlikely than a break below the trend if the expectations are not fullfilled. I am curious, keep watching and hodl my play money. I belive...

Just4FunTrader

Still Open Questions IPO? Partners and progress in industry adoption? Ledger support? Binance, Kraken, Coinbase listing? Additional Risks 1) Too high XCH supply via Market Maker (CNI prefarm loans and sales) *) 2) Possible sell offs by unprofitable XCH farmer No financial advice, just my opinion. *) ~60k XCH per month additional supply hit the market since...

Just4FunTrader Updated 

The old "Maybe Bottom" did not hold on the news that Chia Network Inc will sell 200k XCH worth ~ 5 Million USD from the prefarm. The questions are: - How many prefarm XCH will get sold the next years and how often? This risk now is clear visible. - How is the financial situation that selling part of the prefarm was worth the lost in trust? - How far in the...

Just4FunTrader

After the price drops massively the first year after trading started from the low volume ~1k USD per XCH during feature trading and a peak up above 2k USD the price now is in a range between ~30 USD and ~50 USD. The network space slowly started to grow ~10% since january 2023 and can be considered stable since july 2022. The node count is ~115k (ETH ~7k, BTC...

Just4FunTrader Updated 

The downtrend is still intact even after the +100% from ATL to it's last high (+65% to current price tag). I am not very optimistic that it will keep staying above the daily MA50. If it stays above the next challange will be to get above the weekly MA20. * It is possible that the price will rise over the resistance, that could also bring the trend above the...

Just4FunTrader Updated 

I rly did not expect the XCH USD price to rise quickly that much. Maybe it happend because of the low volume and because the two quick dumps before and therefore the sell pressure was low. The general downtrend is still intact. I am curious if and when we will see a retest of the resistance arround 30 USD and if it can hold. I am also very curious how high the...

Just4FunTrader

I think it will go down from here, but who knows. BTC never had such a market situation. BTC market started after the financial crysis 08/09 and like the NDX it just went up from there. We only have the normal cycles within a long bull market. This can be the bottom but it also can be not. I for myself just chill and watch the ship sailing. I am not in a hurry to...

Just4FunTrader

I still don't think it is over and it can get very bloody. There are a lot of companies affected by the still not perfect again working supply chain on one side and decreasing demand because of cost of living. This will affect the whole hardware and software industrie IMO, even cloud and advertisers (will happen later) and we can alright read that some...

Just4FunTrader

It only depends on where you paint some lines. :-D

Just4FunTrader Updated 

I think if the SPX and NDX go south again (which is in my opinion very likely) it will also influence this stock in a negative way. The last low was a lower low and the last major resistance which was a support before is not broken yet. Note: Just for fun in the markets. No financial advise, just my opinion.

Just4FunTrader Updated 

before Chia could be traded, just a few weeks after the mainnet went live, people where absolute overhyped for no reasons. Thats why the price was way overrated at the features market. I told people that I would expect 20 USD. IMO there is one thing people get wrong with crypto networks again and again. They think that if the network has a big hashrate, or the...

Just4FunTrader Updated 

Just a what-if. BTC would dump down to ~11k and will not get a new ATH within the next years but keep staying above 11k and below 28k for a while. I don't think this will happen but is not impossible. I would expect it to go down then even more if there is no new ATH after the next halving. In my opinion there is not much which can give BTC a real future....

Just4FunTrader Updated 

I only trade just for fun with little money and some rewards from mining and farming. I use BTC for a orientation of the general direction because it is more predictable than the alts. What I learned so far: Everyting is based on beliving. There is no real value for the coins. It can be everything in between zero and infinity. If a critical mass want to sell, it...