Looking back to the past months/years we might be prepared for being hit by an important dump market/economic crisis. COVID-19 pandemic, government debts, surging inflation, Russia-Ukraine conflict with USA involved, global warming, food consumption and the number of people on earth, all these factors have to make you think about your future. Do you have a job that can be considered as a stable job? Do you have any resources other than your money in your bank struggling to reward you because of inflation rate? How will your retirement plan be, knowing that the youth mostly pay for it and that older people have to work longer for their retirement plans? Will there be an important dump market/economic crisis? The pattern in which everyone borrows money from banks with the money printer activated may not hold forever. You should be prepared for some answers to these questions or at least some studies on them, Do Your Own Research (DYOR)! One quick answer would be to spread or invest your funds in things that may build money instead of losing money: gold, silver, oil, natural gas, necessity goods, lands/buildings/houses, bonds and cryptocurrencies (with Dollar-Cost Averaging of course). In the field of cryptocurrency, commodity and foreign currency, one way would be through some exchanges, platforms on which you can buy, sell and speculate on price movements. One of them gathers all three fields mentioned into one place: BitYard
wanting to get involved in crypto, you have to understand that, for now, Bitcoin is the leading crypto asset, it is the most expensive and can be considered as a wealth thanks to its supply scarcity. Around 40% of the crypto market capitalisation is on Bitcoin.
For long term holders, when you zoom out on the $BTC Chart for daily candle, you can find that there is a great support around the 28,000-31,000$ area, with a possible similar previous pattern repetition:
In addition to that a lot of institutions are now involved in crypto and particularly Bitcoin. Thus, many of them take advantage of Dollar-Cost Averaging buy method to fill their bags. For instance, MicroStrategy holds around 122,478 Bitcoin acquired at an average price of $29,861 each, confirming the previous support mentioned. Moreover, Relative Strength Index (RSI), indicator at the bottom of the chart, indicates that Bitcoin is currently being oversold. Consequently, when combining these factors, it may be possible for Bitcoin to sideway a bit before getting another leg up leading towards a new All-Time High near the upper blue line.
However, at the moment things are not that great. Considering the previous news mentioned and the following indications:
A Head & Soulder pattern may exist, enhancing a bullish-to-bearish trend reversal. In addition to that, the resistance trend line (in white) keeps being in a downwards direction and seems to cross the support trend line (blue) 31,000$, which could lead to a reversal at this point.
So, what to think about the future of crypto this year? Well, in my opinion, for short-term period, trends seem to be a bit more bearish than bullish. However, I am very bullish on crypto for long-term period, which is for me from 2 to 10 years. Therefore, this is a great opportunity to accumulate as much crypto as can be afforded by Dollar-Cost Averaging buys. In the following post, assets that you may have heard about, but not very done research on, will be presented to you. In my opinions, these assets are really worth to look into and in addition to that, they are all present on BitYard!
What is BitYard?
BitYard is a Singapore-based cryptocurrencies derivatives exchange founded in 2019 that makes trading as easy as possible through a user-friendly interface while offering bunch of trading tools and indicators.
In the platform it is possible to deal with:
Spot trading, to buy and sell an asset directly with other traders Lite Futures and Inverse Perpetual, to speculate in USDT or cryptocurrency on the price fluctuation of an asset with leverage by borrowing funds Commodities, also called derivatives, which consist of speculating on goods and services such as Crude Oil, Cooper, Gold and Silver Forex, to speculate on the fluctuation of a currency compared to another, for instance EUR/USD or GBP/USD Copy trading, that allows to copy another trader’s trades autonomously Buying cryptocurrency through a credit card
Moreover, daily mining is possible, in average around 0.20$ to 0.50$ may be earned each day and can be used to pay for fees when conducting trades on the platform. Finally, to facilitate the use of Bityard, the platform is available for Android and iOS users.
Trending Coins/Tokens Present On BitYard And Worth To Look Into
The crypto universe is filled with a bunch of projects and it is normal if you do not know all of them. In the following section, assets that you may have heard about, but not very done research on, will be presented to you with their major price support, which are really worth to look into.