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All crypto in red today. Profit are taken
#1
The crypto market yet again shows the ugly side so to speak. After a massive pump the big boys are now taking profit. 

Remember that you should NEVER buy when prices rise TOO quickly. 

That said I'm pretty sure that if you had 8 hours pr. day for reading and trading you could make a lot of profit, but most don't have that time so we buy at an okay price and hold. I still think that the the prices will be 5 to 10 times now in 2021 for the major coins. 

For some it will be even more. xrp is one example. Cardano is another. 

What about Amon? I'm starting to think it can actually go to $1. If you buy then do it with money you can afford to lose.
Cardano is the most promising 3 gen. crypto right now.


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#2
(2019-06-04, 03:28 PM)Carsten Wrote: The crypto market yet again shows the ugly side so to speak. After a massive pump the big boys are now taking profit. 

Remember that you should NEVER buy when prices rise TOO quickly. 

That said I'm pretty sure that if you had 8 hours pr. day for reading and trading you could make a lot of profit, but most don't have that time so we buy at an okay price and hold. I still think that the the prices will be 5 to 10 times now in 2021 for the major coins. 

For some it will be even more. xrp is one example. Cardano is another. 

What about Amon? I'm starting to think it can actually go to $1. If you buy then do it with money you can afford to lose.

Most of the coins are going the hit the resistance and rise again.
A few days ago I wrote BTC will be at $10000 soon.
I still believe it.

(2019-06-04, 03:28 PM)Carsten Wrote: The crypto market yet again shows the ugly side so to speak. After a massive pump the big boys are now taking profit. 

Remember that you should NEVER buy when prices rise TOO quickly. 

That said I'm pretty sure that if you had 8 hours pr. day for reading and trading you could make a lot of profit, but most don't have that time so we buy at an okay price and hold. I still think that the the prices will be 5 to 10 times now in 2021 for the major coins. 

For some it will be even more. xrp is one example. Cardano is another. 

What about Amon? I'm starting to think it can actually go to $1. If you buy then do it with money you can afford to lose.
It could hit $10000 by the end of the month.
What is this thing that builds our dreams, yet slips away from us?

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#3
I value your input, but I think it's more likely that Bitcoin is at $7000 than $10000 at the end of the month. On the other hand I think ETH could get above $300 by the end of the month.

Anyway Efin and TPay will rise when the Dex opens.....so better get some while you can....(I know you did Big Grin )
Cardano is the most promising 3 gen. crypto right now.


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#4
(2019-06-04, 08:44 PM)Carsten Wrote: I value your input, but I think it's more likely that Bitcoin is at $7000 than $10000 at the end of the month. On the other hand I think ETH could get above $300 by the end of the month.

Anyway Efin and TPay will rise when the Dex opens.....so better get some while you can....(I know you did Big Grin )

Wasn't it supposed to open today? Didn't see any notification from EFIN.
What is this thing that builds our dreams, yet slips away from us?

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#5
On the Efin site (new adress is https://www.blast.cx) they write when I log in:

"Platinum Partner News - Updated June 2019

As a Platinum Partner, you can participate in the CBET coin sale for just €0.67 per CBET coin. This is the lowest price offered to anybody. Partners move to the FRONT OF THE LINE on these limited and private coin sale events. This one is no exception. Less than 1% of the total supply of CBET coins are being released and made available to Partners at a very special price. Net casino revenues from CryptoBet are paid out regularly to CBET holders in Bitcoin. In order to benefit the Blast Partners, we are offering an exclusive opportunity to acquire CBET coins. Partners can pay with a number of cryptocurrencies, including TPAY. This exclusive opportunity is very limited and time sensitive; it is live now!

The eFIN DEX is now live. Make sure you are staking TPAY so you can collect your Platinum Partner 10X EFIN coin rewards. These enhanced TPAY staking rewards run for only 12 months following the mainnet launch.* Check back here frequently for exact release date details and step-by-step instructions on how to receive maximum credit for your staking. As a Platinum Partner, you benefit from White Glove service. Contact us at any time and your inquiries will automatically move to the top of the queue.

Remember, as a Platinum Partner, you never pay to trade. It is free and unlimited. So make sure to use eFIN as much as you can. The eFIN platform eliminates the need for multiple wallets. It is the world's most secure multi-currency wallet. Completely decentralized custody. New coins will be added regularly and DEX trading will be enabled soon, including our proprietary Easy Trade feature that allows you the ability to securely and privately swap crypto assets cross-chain with just a single click wallet-to-wallet. Also, the listing details of new additions to eFIN DEX will be posted here first. As a Platinum Partner, you will receive the most frequent and largest Airdrops.

*Platinum Partners earn 10 times the EFIN coins that a Standard user receives by staking TPAY. All the way up to 2,000,000 EFIN coins. Trading fee distribution breakdown: 62.5% of trading revenue is distributed back to Partners every month; remaining 37.5 % will be allocated for marketing (25%), management incentive (10%), and operations (2.5%)."
Cardano is the most promising 3 gen. crypto right now.


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#6
(2019-06-04, 08:44 PM)Carsten Wrote: I value your input, but I think it's more likely that Bitcoin is at $7000 than $10000 at the end of the month. On the other hand I think ETH could get above $300 by the end of the month.

Anyway Efin and TPay will rise when the Dex opens.....so better get some while you can....(I know you did Big Grin )

Maybe this can help you understand why I still believe BTC will hit $10000 very soon.
I read this on https://ethereumworldnews.com

The crypto-market has had the best performance of months, reaching yearly highs. However, a drop of more than $1000 shook not only the BTC market but a good part of the altcoins.
Before the dump, Bitcoin managed to stay above 8000 USD. This price zone acted as an important support, demonstrating that under normal conditions, the bullish trend was clearly dominant; however, after breaking this zone, BTC fell to around 7500 dollars, wiping out almost 13 Bn USD out of its marketcap and over 25 Bn USD of the altcoin market.
The behavior had no explanation on the field of technical analysis, however; it seems that everything was due to a price manipulation practice… again
The manipulation may evolved as follows:
  • Less than an hour before de dump, a whale moved 25000 BTC (almost 215 Million USD) to Coinbase

  • One hour after the dump, they moved 14000 BTC (112 Million USD) from Coinbase to the wallet 1Pa8Mb68vJ2erRWYReuKFvZXvvdUxJPC8R

  • 40 minutes after that, a whale moved 11000 BTC (88 Million USD) from Coinbase to another wallet: 3FUcTQa2XWHfnCZQmUWEU18xQQeMuMuVgJ

  • 15 minutes after that, they moved 10 Million USDT from a wallet to another
This series of movements may have caused an abnormal reaction in the markets. Someone dumped 15k BTC for 215 Million USD only to buy them back shortly for around 200 Million USD, pocketing 15 Million Dollars and keeping the same amount of Bitcoins they initially had.
Bitcoin (BTC) is Still the King and May Come Out Stronger After This
Despite the previous behavior, Bitcoin maintained its dominance index close to 55%, which shows that the rest of the altcoins still react according to the parameters determined by the BTC market and few are the cryptocurrencies that could capitalize this decline to improve their marketcap.

Some analysts consider that although someone manipulated this trend, the correction is healthy in general terms because it stimulates the inflow of new capital and the bears cannot maintain this tendency for long.
The crypto-market has shown signs of maturity, recovering from other manipulation attempts. A few weeks ago, a similar attempt caused a drop in prices culminating in a green candle of comparable intensity shortly after that.
Right now, BTC has succesfully tested the support near the 7400 USD. The next resistance is, again, near the 8000 USD, which would confirm the bullish sentiment. The RSI shows an optimistic panorama which seems to be confirmed shortly after by the MACD
What is this thing that builds our dreams, yet slips away from us?

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#7
We will see. Yes it's a highly manipulated market.
Cardano is the most promising 3 gen. crypto right now.


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