Question: Do you earn on cryptocurrency?
Option 1: Yes
Option 2: No
Option 3: Not involved
Option 4: Going to start
What do you lords and ladies think will happen to the Bitcoin exchange rate?
Do you trade crypto on exchanges? If yes, which ones and why?
Maybe some of you even created a farm?
I individually started playing Poloniex a little more than a week ago, I keep a little plus, I already understood some points, a week ago I was a complete zero in this matter.
Share your experience.
Bitcoin is not very interesting for me, it does not have such volatility as other altcoins.
I have been earning and still earning mainly from TOP alts. This is Ripple, Ethereum, Litecoin.
Now I'm looking at the Ethereum exchange rate and I'm thinking of getting, it has a good drawdown, as, generally, with another cryptocurrency. But other alts are already in my cryptocurrency portfolio.
And how many of you already stocked up on the latest dump?
The exchange rate of bitcoin and other cryptocurrencies in recent years correlates with the monetary policy of the US Federal Reserve, and the quantitative easing of the regulator after the outbreak of the coronavirus pandemic in 2021 created a favorable investment environment in which both stocks and cryptocurrencies grew.
But quantitative tightening triggers the reverse process, Bloomberg warns in a May report.
The cost of bitcoin at the auction on recently decreased by 14% and for the first time since 2021 fell below $ 23 thousand. Following bitcoin, the second cryptocurrency, Ethereum, also updated the price minimum, which dropped to $ 1.8 thousand — the minimum marks since July 2021, according to trading data.
"The increase in rates, the historical pace of monetary policy tightening to combat high inflation, the strengthening of the US dollar against other world currencies and the deterioration of global growth forecasts — all these factors lead to a decline in the bitcoin exchange rate," said Joe DiPasquale, CEO of BitBull Capital cryptocurrency hedge fund.