Well, the Germans are still on the move. First, they sold a massive amount of Bitcoin, which caused a significant dump. Now, they're buying again, and I'm still trying to understand their strategy. Meanwhile, the market has been volatile, and I'm looking for ways to earn income.
If anyone has ideas about profitable activities or opportunities, please share! I've come across a few myself, but I appreciate any recommendations.
It would be kind if you shared the few you'd learned, after all, we are all learning, don't be stingy.
In my opinion, what is affecting Bitcoin is the sentiment around the market and not the few billions that are being sold, the market could react so abnormally at times like this, especially when the news of Mt. Gox is all over the internet as well. This has forced a negative outlook on the market but may not last because I believe we've seen the worst of it already. Also, the Saxony state in Eastern Germany might have had enough illegal Bitcoin, and since investigation is severely catching on them, they might have decided to sell more of their Bitcoins. This couples with the government selling more than half of its holdings. These always cause negative sentiment in the market that often brings about a chain reaction in selling.
Now, if I must recommend to you, I would say that you should go and be speculative with your trading chart. Learn how to read this very well and you will be fine. As for my last long-term reading, $62,120 is the reference point, below it is bearish and above it is bullish.