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S79: BullRun is Over

06-JuLY-2024 | FIRESIDE CHAT (Ep 8)

This is Sirflex speaking, Your Host! GM everybody, i officially welcome you today's space.

FIRESIDE CHAT (EP 9)

Bitcoin Statistic Today MarketCap : $1.110 trn Price : $56,619.82 Volume: $57.03 B

In today's series, I have one poll & one question for you.

Warm-Up Poll

is crypto BullRun over, what is your next strategy?

  1. Hold the line – I'm staying invested and confident in a market rebound.

  2. Walk Away: I'm pulling out to avoid further losses

  3. Make i chop first - if their is life there is hope

Questions of the week

If everything goes to zero, will you be ok?

News

  1. Nigerians to start paying 7.5% tax on trades carried out

  2. Justin Sun proposed to buy German Bitcoin for $2.3Bn

BullRun is Over

Just yesterday, the bitcoin market saw a low of $54,600 before bouncing back 4.2% up to the price it is today. fear and greed hits 30, which indicates that the market is filled with fear, everybody is thinking the market is going to $40k from here. even though the fear and greed can still go to zero.

even Ethereum drops below $3,000, went as low as $2,800 before a relieve bounce this morning. and in total over $259million was liquidated. people are panicking, they are asking, is the BullRun over?

Is the bull run over?

Remember the rules

  1. Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.

  2. Today's series is sponsored by SIRFITECH,

Some key point to discuss today is

  1. The current situation of the market

  2. The signs of BullRun

  3. How it affect you as a person

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Shall we begin?

What is the current situation of the market

Who you are determine how long you will leave in today's market, are you an investor, a gambler, a spectator, a seasonal player. the market have faced a sell off, what is the current state of the market as of today, some analyst are saying we are going to see a $40k. it could be possible. It could be realistic, if everything goes to zero, will you be ok?

Facts:

People who are always sure of shorting the market

  1. Jane Street

  2. Bitfinix whales

some other people that contribute to this

  1. German bitcoin saga

  2. Mt. Gox repayment plan

Note

  1. only 4 bitcoin miners will be in profit if bitcoin comes below $60k

Are their signs of Bull

People are looking for hope, people are looking for faith. People are looking for something to hold on to. are there anything in the current situation that predict that there will be a sign of recovery?

  1. BullRun historical analysis

  2. FTX repayment plan: FTX want to return $16Bn back to investors, and many are saying majority of that fund is coming back to the crypto market.

LogoFTX $16B Distribution Plan Could Lead To Buying Pressure For BTC, SOLCoinpedia Fintech News

  1. series of event after bitcoin halving: historical analysis shows that the market correct

What is the impact on you

Bring up your strategy, keep buying when you have some money on the side, keep buying from

Comrade of the week

Conclusion

If you don’t believe me or don’t get it, I do not have the time to try to convince you, sorry! -Satoshi Nakamoto (July 2010) Price of bitcoin: $0.08

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