Virtual currency market analysis [September 28]
Crypto Practice Investment Newsletter
To our subscribers
＊For paid subscribers, please also view the article at the private link below.
＊If you have topics you’d like covered in the newsletter or questions, please contact us.
＊In the Newsletter’s
Q&Asection, we will introduce some of them.
Ranking of domestic and international exchanges chosen by me
is here↓↓
https://bitcoin-newstart.com/bitcoin-account
【Crypto Market Analysis】
The price fluctuations of cryptocurrencies from last week
(over one week) are summarized as follows
for display: current price (change from one week ago)
Bitcoin
4,850,000 yen (-7%)
Ethereum
344,000 yen (-6%）
Ripple107 yen（-7％）
Polkadot3,200 yen（-12%）
Binance Coin38,000 yen(-14％）
Cardano247 yen（-2%）
Uniswap2,700 yen（3%）
ICP 5,000 yen（-20％）
Solana16,000 yen(-%)
Avalanche 7,700 yen(-%)
Bitcoin dropped from last week’s5,000万円
price and is currently4,850万円
as of now.
Last week, on the 21st, it briefly fell below4,400万円
causing a major decline, but then
recovered sharply,5,00万円 was reached, but now it has eased somewhat.
Regarding the chart,200-day moving average (red line)
is above the current price as of now
with price having dipped below it around 20 days ago.
9月22日の万円
indicates a downward trend in the high prices (short-term downtrend).
The nearest support line is around red horizontal lines
of460、440万円付近
.
Previously9月中旬にビットコインが
5,00万円を超えたときは上昇トレンド
として4月の最高値7,00万円を
目指す動きを見せていたと言えますが、
現在はそこを超えることができず、短期
ダウントレンドへ転換しました。
Now, let’s look at Bitcoin’s weekly chart.
First
4月の最高価格と9月の最高価格に
draw a line.
And then draw the rising starting low of last September9month
and the low of this July今年7
The current price is now squeezed between these lines.
Also, the major price range’s support line drawn by lines is around
450万円。
If this level is broken to the downside, it could accelerate further downward, in our view.
【El Salvador President adds to Bitcoin holdings at about
約500万円の価格で
buying more Bitcoin】
From the 20th, Bitcoin fell sharply,
but President Bukele bought
Bitcoin at
150 BTC
in response.
At the then-price, that was about7億5,000万円
This quick purchase timing suggests the President has substantial power, right?
It resembles corporate-style buying, which is surprising.
Nevertheless, the timing of the buy currently shows a slight loss,
so one could say buying earlier was better, but personally
I think it’s not bad.
Because I am investing for the long term,
even if I’m currently at a loss, it isn’t a big problem.
Such risk-taking methods can lead to outcomes
where results are more likely.
Among investors, some say after El Salvador’s president buys the price drops
will become a bad omen, but
I’ve seen prices drop after buying as well, and I think it’s not an issue.
In short, as long as you win in the end, that’s what matters.
I don’t see this as a reason to worry at the moment.
As of now, El Salvador owns
700 BTC,worth 34
【China’s outright ban on cryptocurrency trading】
China has recently made a major headline by banning cryptocurrency trading altogether.
This year, China has banned mining, causing miners to move overseas. As mining decreased in China, CO2 emissions from mining reduced as a result.
Now, the trading itself is being banned.
This could lead overseas crypto exchanges to restrict Chinese users' trading via methods like blocking IP addresses and addresses.
With China banning trading, there is a possibility of arrest when trading, so Chinese people may become very cautious.
Because in a socialist (communist) country like China, property seizure by arrest is also a possibility.
In the short term, China’s ban may cause holders to sell, which could push prices down, but
in the long term, I don’t feel any fundamental problem.
The Chinese government plans to roll out a digital fiat currency (CBDC) quickly,
and to systematically monitor financial transactions nationwide. This may be the broader context of this move.
After all, it’s hard to closely monitor funds on blockchains that governments have not issued, such as Bitcoin.
【Fraud increases when cryptocurrencies slump?】
Some investors anticipate a prolonged slump in cryptocurrency markets.
If that happens, people holding crypto long-term may have no timing to realize gains, turning to search for new profitable opportunities.
Here is a checklist of things to watch during a downtrend
List
○Month3万円 salon opens
○Picking random altcoins and selling for high-pricednoteson Note
○Selling high-priced note products that only show gains while hiding lossesnote
○Drag into the net (DeFi) the people of the underworld (Hype) (the introducer is a baiter)
And, using a high yield as bait, attracts capital from many people (HYPE)
This is content that preys on the psychology of people during a downtrend.
There are certainly some rising stocks even in a sluggish market, so it’s not all hopeless.
Also, a downtrend is a good time to carefully select stocks and prepare for the next wave.
By thoroughly understanding the stocks and projects yourself and continuing to invest based on your own judgment, your level should rise.
→ReferenceURL
https://twitter.com/threef0921/status/1442049842688131072
Also, a sharp decline occurred with a high-interest project recently
which was the cryptocurrency Titan
(Reference article)
https://bitcoin-newstart.com/titan-lose
【NFT prices require caution】
Warren Buffett’s granddaughter Nicole, known in stock investment circles,
is an NFT artist
news circulated.
Buffett has long been critical of Bitcoin,
but in the last two years he has hardly commented on Bitcoin.
Despite the crypto market’s significant rise,
as of late 2017, there was no real bubble declared,and yet this time there are almost no comments from him.
Nicole’s NFT works are reportedly sold out, but perhaps Buffett’s fame is affecting this.
NFThas the world’s oldest NFT, CryptoPunks, fetching high prices,and major credit card company
VISAhas 18,00万円 for CryptoPunk purchases
attracting significant attention in the NFT space.
However, beyond these, there are many unclear artists whose works are bought
and the atmosphere is such that anything NFT-related tends to rise.
Recently, there are also voices that NFT items have traded at high pricesand that is certainly true.
But, for example, if people conspire with others to bid high,
outsiders may think this NFT price will keep rising and buy in.
Therefore, it’s important not to look at price alone, but to consider where the NFT’s value lies.
In the past, a elementary school student’s drawing was traded for
380万円
Investing requires skepticism, so blindly buying just because prices rose is premature.
Think about it carefully.
（参考記事）
