BTC, ETH, BNB, XRP, DOT, DOGE, LTC, BCH, are on the recovering after their sudden slip off

sincerem · May 2, 2021

We all know that last two weeks wasn't a good week at all in the crypto market. Most of the known coins all faced surprised decline.

The decision undertaken by the US government orchestrated by the incumbent president Joe Biden, affected the price. Because the traders felt it is too much for them to pay such high level tax based on what they generate. But when you look at it the other way round, you'll understand that the President decision is a wise one, since Cryptocurrency is a proven investment for the US people.

Lots of money is generated from it through its investment options. So the US government viewed it as an avenue to generate more revenue to service the country well, and improve the country's overall economy. BTC fell short to $48,000 during that particular day the pronouncement was made.

As time goes, the coin is gradually moving back to its original price before the decision outbreak. Now the coin is worth $56,925, it has seen improvement around 8% in the last 10 days after that sudden decline. Other coins like XRP, BCH, BNB, LTC, ETH,DOT etc, are on the massive increase at the moment after that sudden price decline caused by the decision of tax payment to traders.

You can check them on your own at Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap, and see their recent progress comparing them with their last 10 days price decline.

Doradorwa · May 5, 2021

Crytocurrencies are bound to fall and rise. That's how a potential successful business succeed. When the right people can influence it value by making it fall constantly then it will increase it's value in the eyes of the other potential customers. The business around cryptocurrencies is not a poor man base decision. It's for big men.

Sotherefore · May 6, 2021

sincerem said:
Lol, I'm not knowledgeable than you. Predicting crypto is hard at times. You know its done at times through instinct. If you have the right mind, and good in forecasting the future of events. You can go with crypto when you follow updates, read the market chart and also seek opinions from the learned ones in the crypto industry. I'm given it a try at the moment. I was enjoying Gptforum because the Admin is a keen crypto expert, he always bring fresh crypto update on the forum. I read a lot on such post, whenever he post it. Gradually I'll be going, i won't rush into the trading market. I'm just buying to holdl for some time.

Yes I know predicting the volatile market will take a lot of time and dedication,even some top crypto traders might failed in their prediction and I always believe within me that if I cannot predict the volatile market to at least 70% accuracy and I still need to learn more..that I will only seek independence when I am able to predict the market to at least 70% accuracy up.

sincerem · May 6, 2021

Sotherefore said:
Yes I know predicting the volatile market will take a lot of time and dedication,even some top crypto traders might failed in their prediction and I always believe within me that if I cannot predict the volatile market to at least 70% accuracy and I still need to learn more..that I will only seek independence when I am able to predict the market to at least 70% accuracy up.

You spoke with wisdom. If you can predict the market with 70% accuracy you'll fancy your chances. Learning more and adding to what you've known before will improve your trading experience and skill. Before you know it, money comes from it because you've showed zeal and put hard work to know it.

Sotherefore · May 6, 2021

sincerem said:
Lol, I'm not knowledgeable than you. Predicting crypto is hard at times. You know its done at times through instinct. If you have the right mind, and good in forecasting the future of events. You can go with crypto when you follow updates, read the market chart and also seek opinions from the learned ones in the crypto industry. I'm given it a try at the moment. I was enjoying Gptforum because the Admin is a keen crypto expert, he always bring fresh crypto update on the forum. I read a lot on such post, whenever he post it. Gradually I'll be going, i won't rush into the trading market. I'm just buying to holdl for some time.

Yes I know predicting the volatile market will take a lot of time and dedication,even some top crypto traders might failed in their prediction and I always believe within me that if I cannot predict the volatile market to at least 70% accuracy and I still need to learn more..that I will only seek independence when I am able to predict the market to at least 70% accuracy up.

sincerem · May 6, 2021

Sotherefore said:
Its seems as if you have a lot of knowledge about these cryptocurrency things more than me, for now I personally cannot predict the volatile market,I don't just know maybe because I am so over dependence on my master for the prediction since most of the prediction I've been getting from this crypto stuff always end in loss.

Lol, I'm not knowledgeable than you. Predicting crypto is hard at times. You know its done at times through instinct. If you have the right mind, and good in forecasting the future of events. You can go with crypto when you follow updates, read the market chart and also seek opinions from the learned ones in the crypto industry. I'm given it a try at the moment. I was enjoying Gptforum because the Admin is a keen crypto expert, he always bring fresh crypto update on the forum. I read a lot on such post, whenever he post it. Gradually I'll be going, i won't rush into the trading market. I'm just buying to holdl for some time.

Sotherefore · May 6, 2021

sincerem said:
Laughs. I might have over rated myself. Maybe i will be up to that level in the near future. Analysing how the market will look like in the next six months. Their are coins when i see them at coinmarketcap, my brain will echo to me that the coin will reach certain amount in price. It happened to me via BNB coin, polkadot, XRP when others abandoned it cos of lawsuit crisis. If i can make best of this luck of analysing the future of the coins prices, i might get something out of it.

Its seems as if you have a lot of knowledge about these cryptocurrency things more than me, for now I personally cannot predict the volatile market,I don't just know maybe because I am so over dependence on my master for the prediction since most of the prediction I've been getting from this crypto stuff always end in loss.

sincerem · May 6, 2021

Sotherefore said:
Lolz,please don't say that your crypto knowledge is up to 60% because even though I have been able to get a lot of exposure and I have practice a life trading before I can say that my crypto understanding is not up to 40%,you that have not practice a live trading and you have not make any attempts to predict the volatile market may not have up to that percent,lolz. Even the best experts are still looking forward to learn more.

Laughs. I might have over rated myself. Maybe i will be up to that level in the near future. Analysing how the market will look like in the next six months. Their are coins when i see them at coinmarketcap, my brain will echo to me that the coin will reach certain amount in price. It happened to me via BNB coin, polkadot, XRP when others abandoned it cos of lawsuit crisis. If i can make best of this luck of analysing the future of the coins prices, i might get something out of it.

Sotherefore · May 6, 2021

sincerem said:
Cool, that you followed up when you joined the group. My crypto knowledge is up to 60%. I want to advance it to know more, especially on trading. I don't want to rush trading that's why i never invested a lot. I'm focusing on learning it, that's why i joined those groups to add to my knowledge. But this days they're just discussing what pleases to them outside the main discussion hub.

Lolz,please don't say that your crypto knowledge is up to 60% because even though I have been able to get a lot of exposure and I have practice a life trading before I can say that my crypto understanding is not up to 40%,you that have not practice a live trading and you have not make any attempts to predict the volatile market may not have up to that percent,lolz. Even the best experts are still looking forward to learn more.

sincerem · May 6, 2021

Ralphjoe said:
Most people still don't understand the reason why cryptocurrency dips in price and also they recover overtime. The thing is that cryptocurrencies is controlled by the forces of demand and supply so when a lot of people are demanding for a particular cryptocurrency the price of the cryptocurrency will likely go up in the situation whereby most people are selling off their cryptocurrency the prices will definitely go down. Most people buy the cryptocurrency when the prices is down so that they can make profit on it, that is why you will see that a cryptocurrency whose price is low will start appreciating in price with time because a lot of people are buying into it to make profit off it.

You spoke with experience. Crypto is all about supply and demand. When the supply and demand is low, that causes the price to go down. When it is highly on demand the price surges high. The volatility in them makes it possible to bring future benefits. Had it been the price never fluctuates like the way its moving to and from. I don't think anyone would've been interested around it.

sincerem · May 6, 2021

Sotherefore said:
Yes I understand sometimes most of our cryptocurrency group are mainly for discussion of crypto events but maybe you might be looking for a group you can actually learn all these strategies of trading, that our group have been for a long time I don't even know how I got into the group, when I enter the group there was no space for newbie so I started following everything until I understand all that I needed.

Cool, that you followed up when you joined the group. My crypto knowledge is up to 60%. I want to advance it to know more, especially on trading. I don't want to rush trading that's why i never invested a lot. I'm focusing on learning it, that's why i joined those groups to add to my knowledge. But this days they're just discussing what pleases to them outside the main discussion hub.

Ralphjoe · May 6, 2021

Most people still don't understand the reason why cryptocurrency dips in price and also they recover overtime. The thing is that cryptocurrencies is controlled by the forces of demand and supply so when a lot of people are demanding for a particular cryptocurrency the price of the cryptocurrency will likely go up in the situation whereby most people are selling off their cryptocurrency the prices will definitely go down. Most people buy the cryptocurrency when the prices is down so that they can make profit on it, that is why you will see that a cryptocurrency whose price is low will start appreciating in price with time because a lot of people are buying into it to make profit off it.

Sotherefore · May 6, 2021

sincerem said:
Good, i see you've gotten some experience. Your drive towards succeeding in trading will pave the way for you to earn big in crypto trading. I have joined different social media groups to expand my knowledge, which you connected me. Bit sometimes what they say there, isn't what I'm looking for. So i don't pay much attention there. My knowledge of crypto trading isn't expanding with what I'm learning there. I take my time to learn on my own through different platforms and sites. I learn through YouTube, coinmarketcap, binance trading training, cointelegraph etc.

Yes I understand sometimes most of our cryptocurrency group are mainly for discussion of crypto events but maybe you might be looking for a group you can actually learn all these strategies of trading, that our group have been for a long time I don't even know how I got into the group, when I enter the group there was no space for newbie so I started following everything until I understand all that I needed.

sincerem · May 6, 2021

Sotherefore said:
Yea, you will gain A lot of experience when you continue following everything up, your knowledge about cryptocurrency will expand, sometimes experience in the crypto system will taught you a good lesson,i have gotten alot of lesson from experience that I have learned from few months in the trading journey.

Good, i see you've gotten some experience. Your drive towards succeeding in trading will pave the way for you to earn big in crypto trading. I have joined different social media groups to expand my knowledge, which you connected me. Bit sometimes what they say there, isn't what I'm looking for. So i don't pay much attention there. My knowledge of crypto trading isn't expanding with what I'm learning there. I take my time to learn on my own through different platforms and sites. I learn through YouTube, coinmarketcap, binance trading training, cointelegraph etc.

Sotherefore · May 5, 2021

sincerem said:
Yes, that's wise of you to continue moving gradually till you achieve your aim around Cryptocurrency trading. I'm also learning from you, from the tips you've outlined here. And from the individuals i follow up via other forums. And through cointelegraph and from social medias etc. I believe gradually my experience around crypto trading will expand.

Yea, you will gain A lot of experience when you continue following everything up, your knowledge about cryptocurrency will expand, sometimes experience in the crypto system will taught you a good lesson,i have gotten alot of lesson from experience that I have learned from few months in the trading journey.

sincerem · May 5, 2021

Sotherefore said:
yes there are lot of things you will learn when you come deep into the trading space, actually this is level by level, I just need to get into higher level in the crypto space as soon as possible,I know I will achieve this but it will take a lot of time and dedication.that is how its work.

Yes, that's wise of you to continue moving gradually till you achieve your aim around Cryptocurrency trading. I'm also learning from you, from the tips you've outlined here. And from the individuals i follow up via other forums. And through cointelegraph and from social medias etc. I believe gradually my experience around crypto trading will expand.

Sotherefore · May 5, 2021

sincerem said:
Cryoto market is full with surprises if one isn't careful it might see some loss around his or her investment. That's why i risk what i can afford to invest. I'll be watching the trend around crypto to invest during the weekend just as you advised me. Let me see what the future really holds for me with this new strategy.

yes there are lot of things you will learn when you come deep into the trading space, actually this is level by level, I just need to get into higher level in the crypto space as soon as possible,I know I will achieve this but it will take a lot of time and dedication.that is how its work.

sincerem · May 5, 2021

Sotherefore said:
Yes most of my ex but I've been telling us we should exit trade from Friday or Saturday depending on how the market be, according to him there will always be a weekend dip, that we should save some money to buy the dip,the cryptocurrency system has a lot of mystery that will take years to learn.

Cryoto market is full with surprises if one isn't careful it might see some loss around his or her investment. That's why i risk what i can afford to invest. I'll be watching the trend around crypto to invest during the weekend just as you advised me. Let me see what the future really holds for me with this new strategy.

Sotherefore · May 5, 2021

sincerem said:
I've heard what you said bro, and I'll adhere to it. And see what will happen when i invest reasonably during the weekend. I still have some BNB, and Dogecoin maybe I'll flip them up soon to reinvest them. I'm not losing on any of them because they keep going up. I told you that dogecoin will get to $1-$2 before this year ends. Now it has moved from $0.40 to $0.54 in the duration of eight hours.

Yes most of my ex but I've been telling us we should exit trade from Friday or Saturday depending on how the market be, according to him there will always be a weekend dip, that we should save some money to buy the dip,the cryptocurrency system has a lot of mystery that will take years to learn.

Chibson · May 5, 2021

Like I have said before, it is very easy to make money all cryptocurrencies provided that you have the knowledge. Imagine if someone bought Bitcoin at $48k last two weeks, then check the kind of profit he will be making within a short time. it is a very good news that all the cryptos are recovering from the dip.

BTC, ETH, BNB, XRP, DOT, DOGE, LTC, BCH, are on the recovering after their sudden slip off

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