Crypto, Life, Work

Volatility on Cryptocurrency

Okay, for the past 30 days, major cryptocurrencies had faced a “pump-and-dump” pattern, for leisure traders like me, it granted us opportunities to enter the market and flushed out disruptive traders and for new “whales” to be granted of their position.

However on the good sight, the volatility only fluctuates within a stipulated zone meaning to say it is for the trading to gain support and this support will be a base for further movements, normally upwards.

BTC.JPG
BTC [Month for Sept – Oct]
Not sure if this is a deja-vu that prior to the bull run 2 years back. Same trades patterns were seen. 😉 Can’t wait especially Bitcoin is halving in May 2020.

I wonder if it’s a psychological effect that it will boost the price or rather it’s downright to the supply and demands where the Governments are slowly accepting bitcoin as a form of payments/ usage.

Not sure if the volatility is something that the Governments or the Future of Work would want to deal with. Should I even consider to shift my investments to Copytrading? Argh.

The inner demons are making their ways in. And I do know that if one is looking at short terms gains, one should consider Copytrading/ Forex and not Crypto.

Comments below. 🙂

Crypto, Rants, Reflections

Crypto: The Bitcoin Shift (Views)

The Bitcoin had just made an unprecedented shift on the chart to what I called the “unknown region” of USD10K on 22 Aug and this persisted through the past 30 days of trading with dips down to USD10K not once but at least thrice.

CMC-BTC
Jul 23 – Aug 23 Bitcoin’s Chart, Courtesy from CoinMarketCap.com

30 days High/ Low: $12,273.82 USD / $9,252.30 USD

To be real honest, I didn’t expect Bitcoin to enter the below USD10K region as based on the past charts,  the support level was deemed to be around ~ the USD 10K+/- region. Indeed the volatility in Cryptocurrency is real and many actually asked — if; $BTC will dip further?

In my opinion, it will definitely make a dip due to the traditional stock market movement. I always think that a stronger fiat with ends up with a weaker crypto shift and vice versa as the presence of cryptocurrency is to complement the shortcomings of fiat. And of course there would be more than one factors that will attribute to the dip, e.g. protests at the crypto-centric nations or some important politicals shift in the anchoring countries (China, US, Russia…)

However, with the Bitcoin’s halving that’s gonna happen in May 2020, I personally feel that the dip below USD10K is a good region to enter before the push. However one still need to (1) do some background works, (2) exercise their own due diligence and (3) assess their own risk tolerance (stop-loss strategies) prior to crypto-investing.

To the moon, and beyond.

Crypto, Life, Rants, Reflections

Rebirth. Hello CryptoMama!

After various contemplation, I decide to work on the content on this site. Many of my friends know that I’m a Blockchain & Crypto Enthusiast and I will always share some of my opinions on the Crypto space, like on projects, coins and blaa blaa blaa, so I thought how nice if I have a space to pen down my thoughts and perhaps in future, I would have something to look back at and if, my decisions made were wise then.

So, here I’m.

I revamp the site, finally settled down on the name @mumtechpreneursg that I explicitly put Mama, Tech and Entrepreneurship altogether.

Gonna discipline myself to pen down regular updates and thoughts alongside with my leisure crypto-trading journey.

Check out my Crypto Journey here.

Hopefully things get better, just like $BTC pricing. LOL.