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Bitcoin Keep On Falling After Biden inauguration. - Phones (2) - Nairaland

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Re: Bitcoin Keep On Falling After Biden inauguration. by Help2020: 9:37pm On Jan 21, 2021
ChangedMan1999:


My brother did it(forex) and it didn't work for him.

He said that one needs big amount of money to keep it going.
Lol.Does not knw how to do it..read this screenshot from my telegram group.. See how I changed people's mindset about forex..They previously thought forex was too difficult base on the perception out there.

1 Like

Re: Bitcoin Keep On Falling After Biden inauguration. by UncleKoboko: 9:47pm On Jan 21, 2021
Olamyyde:
The most annoying thing about BT¢ dropping is that it drags all the alt coins with it angry
Wrong!
Not Ethereum cool
Re: Bitcoin Keep On Falling After Biden inauguration. by ChangedMan1999(m): 10:06pm On Jan 21, 2021
Help2020:

Lol.Does not knw how to do it..read this screenshot from my telegram group.. See how I changed people's mindset about forex..They previously thought forex was too difficult base on the perception out there.


How much do I need to start it?
Re: Bitcoin Keep On Falling After Biden inauguration. by ChangedMan1999(m): 10:07pm On Jan 21, 2021
Help2020:

Lol.Does not knw how to do it..read this screenshot from my telegram group.. See how I changed people's mindset about forex..They previously thought forex was too difficult base on the perception out there.

Thanks

but, how much do I need to start it?
Re: Bitcoin Keep On Falling After Biden inauguration. by Help2020: 10:15pm On Jan 21, 2021
ChangedMan1999:


Thanks

but, how much do I need to start it?
You can start with even $10,but I recommend $150..
Re: Bitcoin Keep On Falling After Biden inauguration. by ChangedMan1999(m): 10:20pm On Jan 21, 2021
Help2020:
You can start with even $10,but I recommend $150..
What I can afford is $10.
Is it bad?
Re: Bitcoin Keep On Falling After Biden inauguration. by ChangedMan1999(m): 10:31pm On Jan 21, 2021
Help2020:
You can start with even $10,but I recommend $150..

But why do you recommend $150?
Re: Bitcoin Keep On Falling After Biden inauguration. by Olameen1713: 10:51pm On Jan 21, 2021
highcurrent:
It is a fundamental phenomenon (fundamental news), as it is called in financial markets.

since Bitcoin is paired to the USD, any positive happenings or occurrence in USA will strengthen the USD against any pair

strong USD, fall in Bitcoin price.
weak USD, rise in Bitcoin price.


Your analysis is good but it did not quite explain what happened to bitcoin today as the dollar remains very week. In fact, the dollar suffered against all the other G10 currencies today but yet bitcoin fell. What will happen if there's stronger BTC and stronger USD? Or what will happen if there's weaker BTC and weaker USD?

The reason behind BTC fall today is however not linked to the USD performance.. In fact, if USD was strong today the fall would have been harder. It fell because it's in a correction phase which is a normal occurrence.

3 Likes

Re: Bitcoin Keep On Falling After Biden inauguration. by highcurrent: 10:52pm On Jan 21, 2021
jesmond3945:
please what other indices should one look out for?
Which indices?

Try to be specific,indices as in stocks market or you mean coins.
Re: Bitcoin Keep On Falling After Biden inauguration. by LordviccoDaGuru(m): 10:55pm On Jan 21, 2021
hmm
Re: Bitcoin Keep On Falling After Biden inauguration. by Nobody: 11:15pm On Jan 21, 2021
Bitcoin keeps falling because of possible regulations by the biden administration.

Bitcoin works with demand and supply.

Presently investors are running away.

Biden administration is going to tax unearned income from crypto.

Also possible high tax rate on crypto by the biden administration.

Institutions investors are scared.

2 Likes

Re: Bitcoin Keep On Falling After Biden inauguration. by Nobody: 11:17pm On Jan 21, 2021
highcurrent:
It is a fundamental phenomenon (fundamental news), as it is called in financial markets.

since Bitcoin is paired to the USD, any positive happenings or occurrence in USA will strengthen the USD against any pair

strong USD, fall in Bitcoin price.
weak USD, rise in Bitcoin price.


Sorry sir, bitcoin isn't paired to the us dollar.

Bitcoin is not a stable coin like tether which is paired to the us dollar.

Get your facts right

6 Likes

Re: Bitcoin Keep On Falling After Biden inauguration. by fineboynl(m): 11:35pm On Jan 21, 2021
Olameen1713:


Your analysis is good but it did not quite explain what happened to bitcoin today as the dollar remains very week. In fact, the dollar suffered against all the other G10 currencies today but yet bitcoin fell. What will happen if there's stronger BTC and stronger USD? Or what will happen if there's weaker BTC and weaker USD?

The reason behind BTC fall today is however not linked to the USD performance.. In fact, if USD was strong today the fall would have been harder. It fell because it's in a correction phase which is a normal occurrence.
I think it fell because of uncertainty from biden policy.

2 Likes

Re: Bitcoin Keep On Falling After Biden inauguration. by jesmond3945: 12:42am On Jan 22, 2021
highcurrent:
Which indices?

Try to be specific,indices as in stocks market or you mean coins.
for bitcoin, you mentioned the dollar factor and you said is just a bit of it, that's why asked what other fundamental indicators for bitcoin rise and fall?
Re: Bitcoin Keep On Falling After Biden inauguration. by theFilmtric: 1:06am On Jan 22, 2021
fineboynl:
what is happening to Bitcoin just hours after biden inauguration.
stop this mis-information
Its been falling for weeks before the event
Why this biden hate?


theFilmtricsay

1 Like

Re: Bitcoin Keep On Falling After Biden inauguration. by Karleb(m): 1:50am On Jan 22, 2021
theFilmtric:

stop this mis-information
Its been falling for weeks before the event
Why this biden hate?


theFilmtricsay


It's no Biden hate.

Btc has been stalling for a while now because of US election brouhaha. The news does affect currencies.

Trust me, by the time Biden dishes out fresh policies that favors USD, Btc is gonna crash hard.

1 Like

Re: Bitcoin Keep On Falling After Biden inauguration. by juniorstar(m): 4:31am On Jan 22, 2021
there are other coins that have the same potentials as btc and are way cheaper. peeps should focus on those coins there are some coins below 200 dollars and their market cap is good too but not up to bitcoin. just lat year with 1000$ you could get up to 4ethereum but now you can't even get 1 with it. if you bought btc at 40000$ my advise for you is hold the fort no sell am even if it crashes to 15k dollars just try forget say u get the coin for now.

1 Like

Re: Bitcoin Keep On Falling After Biden inauguration. by yusluvad(m): 5:17am On Jan 22, 2021
It will rise again...
Re: Bitcoin Keep On Falling After Biden inauguration. by myBETmostCAST(m): 5:59am On Jan 22, 2021
Help2020:

Learn forex and forget bitcoin.
how much you done make for forex? cool
Re: Bitcoin Keep On Falling After Biden inauguration. by nathz45: 6:07am On Jan 22, 2021
Help2020:

Lol.Does not knw how to do it..read this screenshot from my telegram group.. See how I changed people's mindset about forex..They previously thought forex was too difficult base on the perception out there.
Hello, please I'd like to join your forex group to learn
Re: Bitcoin Keep On Falling After Biden inauguration. by highcurrent: 7:09am On Jan 22, 2021
jesmond3945:
for bitcoin, you mentioned the dollar factor and you said is just a bit of it, that's why asked what other fundamental indicators for bitcoin rise and fall?
Just seeing this. Under the fundamental factors are;interest rate of the country, unemployment rate, GDP and other economic data, politics,even war etc.
Re: Bitcoin Keep On Falling After Biden inauguration. by haiti007(m): 8:45am On Jan 22, 2021
LaEvilIMiss:
grin grin grin grin I discovered BTC during the crash of 2020 and made 62% profit. it is crazy - now I have sold and kept cash in my wallet waiting for it to drop so i can buy again
Re: Bitcoin Keep On Falling After Biden inauguration. by romenna: 8:53am On Jan 22, 2021
Even the confusion in this thread alone is enuf to scare potential investors away
Re: Bitcoin Keep On Falling After Biden inauguration. by Olameen1713: 10:22am On Jan 22, 2021
fineboynl:
I think it fell because of uncertainty from biden policy.

Not that bro.. If you look at the history of bitcoin, you will notice that its performs worse in January and February after it must have been extremely bullish (pick) in November and December. It's just a correction phase. It cannot always go up without correcting, otherwise it will be too predictable thereby loosing its value. I expect to see $25,000 before $50,000 price.
Re: Bitcoin Keep On Falling After Biden inauguration. by obi4eze(m): 11:35am On Jan 22, 2021
romenna:
Even the confusion in this thread alone is enuf to scare potential investors away
Lol. As in ehn ...
Re: Bitcoin Keep On Falling After Biden inauguration. by seanwilliam(m): 12:29pm On Jan 22, 2021
haiti007:

Ma'am, do mind taking me through this Bitcoin of a thing. I don't have the slightest idea of how to start it.

Here is my WhatsApp number
O-nine-0 3333 twenty forty-tw0

Thanks in anticipation ma'am
bro u don’t need any mentor trading btc.. download any reliable btc wallet like luno or quidax or anyone sha .. verify and fund it with any amount . Then wait till the thing rise. After that sell am.. but if e come down, my advise is for u to wait till it rises again make you no go lose..






Wait till btc crash before u go buy .. that’ is

2 Likes

Re: Bitcoin Keep On Falling After Biden inauguration. by seanwilliam(m): 12:32pm On Jan 22, 2021
But Normally if person one invest on btc, it is best u forget the money there..u must have other cash separated wey u go Dey use maintain till it rises
Re: Bitcoin Keep On Falling After Biden inauguration. by Psalmy2cute(m): 12:54pm On Jan 22, 2021
fineboynl:
what is happening to Bitcoin just hours after biden inauguration.
Whatever goes up must come down... that's what happening...
Re: Bitcoin Keep On Falling After Biden inauguration. by Psalmy2cute(m): 1:05pm On Jan 22, 2021
seanwilliam:
But Normally if person one invest on btc, it is best u forget the money there..u must have other cash separated wey u go Dey use maintain till it rises
that's If you're buying for hold.. you can conveniently trade the ups and down of btc and make good profit on a weekly or monthly basis.. but for this to be possible you must use platforms that supports stable currencies like usdt, DAI, usdc, TUSD etc
Re: Bitcoin Keep On Falling After Biden inauguration. by whxi(m): 1:20pm On Jan 22, 2021
sheggsliveth:



Shey I no go withdraw my change now

#HODL

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