SuperT Posted January 10, 2022 Report Share Posted January 10, 2022 What is with the constant fall in crypto since the past 3 weeks ? Is it the rising coivd cases globally or is there no explanation when it comes to crypto ? Quote Link to comment Share on other sites More sharing options...
rushab oswal Posted January 10, 2022 Report Share Posted January 10, 2022 2 hours ago, SuperT said: is there no explanation when it comes to crypto ? Probably this . also rising covid cases should be trigger for the upside (more money printing?) 1 Quote Link to comment Share on other sites More sharing options...
Shantz Posted January 10, 2022 Report Share Posted January 10, 2022 Crypto things fall because they are falling, and rise because they are rising. There's no other explanation. 3 Quote Link to comment Share on other sites More sharing options...
Animus Posted January 11, 2022 Report Share Posted January 11, 2022 18 hours ago, SuperT said: What is with the constant fall in crypto since the past 3 weeks ? Is it the rising coivd cases globally or is there no explanation when it comes to crypto ? Kazakhstan crisis: Bitcoin price slumps as nationwide Internet blackout hits crypto miners https://www.euronews.com/next/2022/01/07/bitcoin-price-slumps-as-kazakhstan-internet-black-out-hits-crypto-miners Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners https://www.reuters.com/markets/europe/bitcoin-network-power-slumps-kazakhstan-crackdown-hits-crypto-miners-2022-01-06/ 1 Quote Link to comment Share on other sites More sharing options...
Shantz Posted January 11, 2022 Report Share Posted January 11, 2022 8 hours ago, Animus said: Kazakhstan crisis: Bitcoin price slumps as nationwide Internet blackout hits crypto miners https://www.euronews.com/next/2022/01/07/bitcoin-price-slumps-as-kazakhstan-internet-black-out-hits-crypto-miners Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners https://www.reuters.com/markets/europe/bitcoin-network-power-slumps-kazakhstan-crackdown-hits-crypto-miners-2022-01-06/ Don't go by these articles. There is no clear correlation between btc network hash rate and price. It's just sentiment and speculation. Quote Link to comment Share on other sites More sharing options...
TAZ Posted January 11, 2022 Report Share Posted January 11, 2022 (edited) On 1/10/2022 at 5:33 PM, SuperT said: What is with the constant fall in crypto since the past 3 weeks ? Is it the rising coivd cases globally or is there no explanation when it comes to crypto ? If you look closely at the charts, BTC is following the old pattern (Not exactly) but similar that of May 2021. Which indicates the market Is in bearish trend and would continue to do so this year. It might see some 10% pumps here and there. Most of the investors think that Crypto market always goes up which is not really the case. The 2021 Bull run came after 4 years, So now is the best time to invest 1-2 years and invest in solid projects only. Rest you cannot predict anything Edited January 11, 2022 by TAZ 1 Quote Link to comment Share on other sites More sharing options...
TAZ Posted January 12, 2022 Report Share Posted January 12, 2022 Posting this for the people who are new to crypto or are about to start. I am firm believer of investing in BTC-ETC, These should be at least 50% of your portfolio. Rest 50% can be invested into altcoins (MATIC-SOL-LINK-DOT). People fall for new projects and they invest after it has peaked at its ATH & then it busts for ever. So research before you invest, Projects which have long term road map should be considered. Stay away from so called "Youtube experts". Do your own research and then invest. Kindly look at this data before investing into new projects. I am attaching past 7 Years data, You guys will be surprised to see that the most of the coins in the top 25 in year 2015-16-17-18 are no where to be seen now (Only few have stayed & grown). I am expecting the same with the recent coins as well, So invest wisely and HOLD long term. 2015 https://coinmarketcap.com/historical/20150101/ 2016 https://coinmarketcap.com/historical/20160101/ 2017 https://coinmarketcap.com/historical/20170101/ 2018 https://coinmarketcap.com/historical/20180101/ 2019 https://coinmarketcap.com/historical/20190101/ 2020 https://coinmarketcap.com/historical/20200101/ 2021 https://coinmarketcap.com/historical/20210101/ Hopefully this post can be of some help to this community, Just thought of posting this cos I don't want others to make the mistakes which I did. 1 Quote Link to comment Share on other sites More sharing options...
dante77 Posted January 12, 2022 Report Share Posted January 12, 2022 Investment only through Mobikwik wallet is the biggest issue for me. Is there any simpler app available? Binance is reliable but buying p2p is kinda PITA with premium charge and minimum requirements :| Also, Etherium is the only coin that seem good to me. Quote Link to comment Share on other sites More sharing options...
TAZ Posted January 12, 2022 Report Share Posted January 12, 2022 2 hours ago, dante77 said: Investment only through Mobikwik wallet is the biggest issue for me. Is there any simpler app available? Binance is reliable but buying p2p is kinda PITA with premium charge and minimum requirements :| Also, Etherium is the only coin that seem good to me. No other option than to buy on Wazirx using Mobikwik wallet. its about 300 rupees per 10k, Which is much better than getting into p2p buying which is always 4-5% up from the pair rate. Quote Link to comment Share on other sites More sharing options...
dante77 Posted January 12, 2022 Report Share Posted January 12, 2022 There is Vauld too but that is also accepting Mobikwik only. Quote Link to comment Share on other sites More sharing options...
TAZ Posted January 13, 2022 Report Share Posted January 13, 2022 On 1/12/2022 at 8:08 PM, dante77 said: There is Vauld too but that is also accepting Mobikwik only. Stay away from new exchanges. Stick to wazirx as its owned by Binance. Quote Link to comment Share on other sites More sharing options...
Felix the cat Posted January 14, 2022 Report Share Posted January 14, 2022 On 1/12/2022 at 5:30 PM, dante77 said: Investment only through Mobikwik wallet is the biggest issue for me. Is there any simpler app available? Binance is reliable but buying p2p is kinda PITA with premium charge and minimum requirements :| Also, Etherium is the only coin that seem good to me. You can try coindcx ,it support mobikwik.and sometime it only support mobikwik. You can add fund with min. 100 rupees But they have limited coins .only top one's Quote Link to comment Share on other sites More sharing options...
Felix the cat Posted January 14, 2022 Report Share Posted January 14, 2022 On 1/12/2022 at 4:13 PM, TAZ said: Posting this for the people who are new to crypto or are about to start. I am firm believer of investing in BTC-ETC, These should be at least 50% of your portfolio. Rest 50% can be invested into altcoins (MATIC-SOL-LINK-DOT). People fall for new projects and they invest after it has peaked at its ATH & then it busts for ever. So research before you invest, Projects which have long term road map should be considered. Stay away from so called "Youtube experts". Do your own research and then invest. Kindly look at this data before investing into new projects. I am attaching past 7 Years data, You guys will be surprised to see that the most of the coins in the top 25 in year 2015-16-17-18 are no where to be seen now (Only few have stayed & grown). I am expecting the same with the recent coins as well, So invest wisely and HOLD long term. 2015 https://coinmarketcap.com/historical/20150101/ 2016 https://coinmarketcap.com/historical/20160101/ 2017 https://coinmarketcap.com/historical/20170101/ 2018 https://coinmarketcap.com/historical/20180101/ 2019 https://coinmarketcap.com/historical/20190101/ 2020 https://coinmarketcap.com/historical/20200101/ 2021 https://coinmarketcap.com/historical/20210101/ Hopefully this post can be of some help to this community, Just thought of posting this cos I don't want others to make the mistakes which I did. Yes bro, i also made many mistakes and lost some of my money too when i was new in this crypto thing. But after giving myself some time in blockchain world,things are getting clearer. But i dont agree on one thing. Things were different in 2015-18. At that time there was no practical use of those coins. Whole scenario is changed after decentralised finance geared up. Now the altcoins ,(talking about top ones like Avax,ftm,dot,sol etc.) have practical use like staking,farming,people can borrow lent. Nft gaming is also whole other use case which was not there in the past. I agree some of the top altcoin may get disappear in future. But it will be more likely to happen because of the competitive reasons,bad decisions etc .Which btw can be predictable/ascertain with proper research . But i dont think they will get dissapear without any reason like in old days. Quote Link to comment Share on other sites More sharing options...
Felix the cat Posted January 14, 2022 Report Share Posted January 14, 2022 On 1/10/2022 at 5:33 PM, SuperT said: What is with the constant fall in crypto since the past 3 weeks ? Is it the rising coivd cases globally or is there no explanation when it comes to crypto ? Everything depend on bitcoin bro. And it should not. Idk why people are crazy about btc. 1 Quote Link to comment Share on other sites More sharing options...
Felix the cat Posted January 14, 2022 Report Share Posted January 14, 2022 (edited) On 11/26/2021 at 1:43 PM, mohit9206 said: Guys what's up with Wazirx? I've been trying to deposit money since the last 2 days and there is no option to transfer via UPI anymore. It only gives option of Mobikwik wallet which I don't use and the other deposit option does not have my bank compatibility. I think you'r more than happy in getting 7 percent returns on fixed deposits. Edited January 14, 2022 by Felix the cat Quote Link to comment Share on other sites More sharing options...
TAZ Posted January 14, 2022 Report Share Posted January 14, 2022 8 hours ago, Felix the cat said: Yes bro, i also made many mistakes and lost some of my money too when i was new in this crypto thing. But after giving myself some time in blockchain world,things are getting clearer. But i dont agree on one thing. Things were different in 2015-18. At that time there was no practical use of those coins. Whole scenario is changed after decentralised finance geared up. Now the altcoins ,(talking about top ones like Avax,ftm,dot,sol etc.) have practical use like staking,farming,people can borrow lent. Nft gaming is also whole other use case which was not there in the past. I agree some of the top altcoin may get disappear in future. But it will be more likely to happen because of the competitive reasons,bad decisions etc .Which btw can be predictable/ascertain with proper research . But i dont think they will get dissapear without any reason like in old days. Totally Agree with you. There are many Coins out there which have really good use case. I feel AVA-SOL-MATIC-FTM-CAKE all these will do well in the coming years. But I doubt XRP-ADA would rise as much as others would. Again I might be wrong as I am saying this to the best of MY knowledge. Quote Link to comment Share on other sites More sharing options...
Felix the cat Posted January 14, 2022 Report Share Posted January 14, 2022 7 hours ago, TAZ said: Totally Agree with you. There are many Coins out there which have really good use case. I feel AVA-SOL-MATIC-FTM-CAKE all these will do well in the coming years. But I doubt XRP-ADA would rise as much as others would. Again I might be wrong as I am saying this to the best of MY knowledge. I agree with you on xrp but when the time comes ADA gonna take the crypto market by storm,its main purpose is for defi. And it promises to solve some of the main and big problems in defi (security+speed) . I never invested in it but people are crazy for it.its not even ready for use yet. 1 Quote Link to comment Share on other sites More sharing options...
radicaldude Posted January 15, 2022 Report Share Posted January 15, 2022 Quote Link to comment Share on other sites More sharing options...
Houndini Posted January 18, 2022 Report Share Posted January 18, 2022 1 Quote Link to comment Share on other sites More sharing options...
Houndini Posted January 18, 2022 Report Share Posted January 18, 2022 Also, https://www.singlelunch.com/2022/01/09/an-anatomy-of-bitcoin-price-manipulation/ Link has a detailed analysis. 1 Quote Link to comment Share on other sites More sharing options...
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