Quote from: Fivestar4everMVP on Today at 02:03:37 PM

Quote from: dwyane36 on Today at 01:06:46 PM

Quote from: Saint-loup on September 10, 2023, 07:53:34 PM

I also have a rather large amount of WOF spins to use but I don't know if it's the right moment or not. Actually I think BTC can go lower in the coming weeks or couple of months. It will be sad if it's the opposite because I will certainly need to wait for a longtime before BTC go back again under 26k if it starts to bull run, but when the amount of WOF is a bit large it make a real difference when the price is higher or lower.

Since BTC failed to rise above $30k, I don't think there will be any bullish trend in the near future. Besides, as you may already know, FTX will start selling its assets beginning September 13th. The problem is that they have quite a lot of BTC($560 mln) and other cryptocurrencies, and it can definitely have a negative impact on the price of BTC in the medium term. So, it's hard to choose the right time to use WoF spins now, especially if you have a few thousand spins.

13th of September is just a few hours away, and I have also been following the news of the supposed FTX sall off tomorrow online, I learnt they submitted an appeal to the court to grant them permission to liquidate those assets, I don't know if the court has granted them that permission yet.

But let's probably assume they court has granted them the permission, I will say that it is already too late for anyone who owns thousands of wof to want to play them now, I mean if I owned that much, I probably will keep accumulating and wait until the entire crypto market recovers from the sell off pressure, but then , if the user don't mind what ever they get as a reward, any time is always a good time .

We are all waiting for bitcoin to turn around and increase, but with the current situation, it seems difficult to get the pump. But we can breathe a sigh of relief as bitcoin is now back to $26k. And does that mean bullish signs are coming soon? Only God knows.

Meanwhile, if FTX really sold all its assets immediately, it would create a big panic in the market for the assets they control so much. But just hope that not many people panic if they see the price of bitcoin or altcoins decrease. Otherwise, we will see another downturn.