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Is the climb over? Is it a signal to sell?

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Written by   374
2 months ago

Nov 11, 2022

Apparently, the rise it had in recent days (small, by the way), was not enough to reach the levels we had previously. When I say previous levels, I mean that at least BCH recovers the $120 USDT. With this price, I am satisfied for now. Months ago saying this price was suicide, but right now it is something that seems quite logical.

After plummeting and recovering with an even more % than its parent BTC, it was not enough for it to break the $106 barrier, at least for now. It seems that whenever it goes up a bit, some whales sell all their BCH causing the price to not go up. For my part, I'm still on HOLD.

If you look at the current market, it has already started turning red in the last 24 hours. He has entered a plateau, from which he does not move. It even starts rolling downhill bit by bit. This is what we always see: A sharp rise, followed by a slow fall. We have even seen a slow rise for days and a super fast fall in a matter of minutes. Literally, the market is crazy.

I was looking at the news of the Meta Quest 2, the virtual reality glasses that Facebook has bet on for several years and that is now at a loss. The product itself, according to those who have tried it, is excellent and immersive. Play some games of it, it's the best. But the idea that it was preserved by Facebook, is not what users are using it for. Millions, even billions are spent annually to improve the technology, which is still far from 100% perfect, and for users to use it to enter the market and see ads and buy. Users use it for just that: Playing online with their friends.

The company's losses are in the millions since investors have grown tired of waiting for the result in the long term. It is normal, the world is in crisis and we all need money in the face of the enormous inflation we are experiencing.

To give you an idea, in my country this New Year's Eve, on December 31, few people will eat pork (this is a typical dish in my country, especially at New Year's).

It turns out that inflation is so high that pork has become pure gold and it costs a lot, so I can't afford to buy a pork leg. So it's time to eat roasted or fried chicken at the end of the year. Inflation is killing us, slowly.

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Disclaimer: This article is presented as it is, it is my personal opinion. There is no plagiarism in it and the sources have been referenced.

See you tomorrow!

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Written by   374
2 months ago
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Comments

Pork meat is so delicious especially the fat which oil in it

$ 0.01
2 months ago

That's why it's my favorite dish!

$ 0.00
2 months ago

Inflation + crypto's deep dips aren't a good combination at all. It's something that made us more stressed, hayst. But still, let's keep on holding on the brighter aspect that a bull run is waiting. Well, hopefully it'll be by January 2023. 🙈

$ 0.01
2 months ago

When BTC hit its all-time high, it was a steady, unstoppable rally. That moment may come soon or it may never. The future right now is uncertain.

$ 0.00
2 months ago

If the whale sell their BCH it doesn't mean they will lost lots of their money in bear market. If the HODL their assets it could benefit them more instead. So why are they selling their BCH that is making me confused?

Another question, if you could please answer, if it's BCH they sell them why value of other cryptocurrencies (eg BTC. ETH, etc ) falls?

Last question, why are they not not let the value go up, as they have more they can get more benefits, If they let it rise?

Sorry, I'm new and don't know much that's why I'm sorry for such questions

$ 0.01
2 months ago

The whales move the market as they please. When you have a good % of all the BCH currently in circulation, with a simple sale you make the price collapse. They sell because others don't buy enough. Then when the price crashes, they start buying again and get more BCH. It is an endless cycle.

The BTC is the one that governs the majority of the market. It also creates confusion for me that the graphs are always so similar. But it seems that everything is connected in one way or another. Also, many of these operations are done automatically by BOT purchases in different exchanges. Users configure them to buy and sell within a specified range.

The market is complex. But when all the users go into depression they want to sell so as not to be left out of the fall. Is it like trying to get hundreds of thousands of people to agree on something, buy or sell?

$ 0.01
2 months ago

I am really thankful and grateful for your time and sharing from your knowledge.... I got why a whale sells... I was so wrong in my point of view but now thanks to you reached to the points

$ 0.00
2 months ago

Just giving us false hope haha

$ 0.01
2 months ago

I think the same! Lol

$ 0.00
2 months ago

I was just hooked by the end topic of yours

That's why most of the family in our place who wants to have a grandioso meal, top of the line , Lechon baboy are back yard hog raiser, they raise their own pig that will be allocated for the Christmas because buying prepared Lechon baboy from the market is "neck high price"

$ 0.01
2 months ago

Ahah, you can't imagine how much I want to eat pork rinds or pork steak.

$ 0.00
2 months ago

hahhaha Im not a pork person but what I crave the most every christmas is the desserts and my all time favorite Crispy Fried Chicken hhhaa

$ 0.00
2 months ago

I also love fried chicken, but lately, it's the only main dish we have access to and it still takes a lot of work to get it. But pork is my favorite :(

$ 0.00
2 months ago

Yeah, same as well It's my favorite but it doesn't mean I wont get used to the flavor if I eat it most of the day.

$ 0.00
2 months ago

Seems like, most are becoming hopeless with the crash.

$ 0.01
2 months ago

That's right dear friend. It is not easy to see your capital decrease over time and be afraid to sell your cryptos for fear that it will rise and you will be left out. That's how the days go by and it's always more lost!

$ 0.00
2 months ago

My forecast was still at 125 even this week they went down

$ 0.01
2 months ago

That price seems like a dream right now.

$ 0.00
2 months ago