Quote from: EarnOnVictor on Today at 11:32:20 AM

Quote from: Cryptodaring on July 08, 2024, 06:57:33 PM

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.

Folks, sharing knowledge is how we all get richer, especially in this crypto game. Bitcoin, more emotions than facts driving the price. You get a few billion sold off, its not just the money, its the panic that sells the market short. This Mt. Gox thing, its not really a bad, but its also closing a chapter. Some folks are gonna lose their shirts, but the smart money, they're looking at the big picture. You gotta ignore the noise and focus on the fundamentals.

Dont get caught up in the day-to-day hype. Look for those long-term trends, like you said, that $62,120 mark. Thats the kind of thinking that makes winners in this game.