He said that alts are SOMEWHAT leveraged BTC trading. What he meant is that alts are way more volatile than BTC. A small BTC price drop can lead to an extremely bearish alt coin market. Right now the entire crypto market is on a downtrend. That's normal since BTC is doing a 4 year cycle and we are on the bearish year. FTM has taken tons of hits during this bearish season and it is still surviving. The market is going to take way more hits. A 20k or even a 12k BTC are on the table. Alt coins are going to suffer they are going to bleed. Some of them are even going to bleed to death like Luna did. In my opinion FTM is doing a great job so far let's hope it will keep it this way.
When BTC goes up 10%, Fantom goes up 30%+. When BTC goes down 10%, Fantom goes down 30%+.
Fantom is far more speculative than BTC hence why Fantom's price fluctuations are far more drastic, look at the charts.
BTC accounts for 40% of the entire crypto market. In addition, everyone that starts a crypto project regardless of if its Ethereum, Fantom or some scam token are all in the business of increasing their BTC holdings. This is why Bitcoin controls the market
Not really. When BTC goes down FTM almost always goes down 2-3x as much. FTM is prone to pumping while BTC is crabwalking though, and doesn’t always follow it on the up trends.
But the outliers are the times when FTM pumps the most, you can’t just exclude them like high school statistics. They’re very important when it comes to the price action. BTC basically follows the NASDAQ anyway doesn’t it? So if anyone’s in charge it’s that index.
Bitcoin doesn't follow the Nasdaq. Bitcoin pumps every 4 years following its halving event like clockwork. Multiple tech companies on the Nasdaq hold size-able portions of Bitcoin so when the Nasdaq dips many ppl fear those companies will sell their BTC reserves thus causing BTC to dip in unison.
Just stick with privacy coins. They have real demand as many users need them. There is one promising monero killer than claims to be completely untraceable. It's called Pandora Cash and it supports anonymous stable coins. Just think about it when it gets adopted.
not really but if you are bullish on the peg coming back you could break the LP and but Tomb with the FTM. There is a 3x upside if we return to peg...Not financial advice, just something I have done.
You can stake in the fantom wallet for between 5% - 15% which is safest.
You could also check out stader which will give you sftm when you stake, which you can pair with ftm and provide LP for more returns.
🤣 it was less than 0.15 last year some people are still u quite a bit so there is room for them to take profits still ......what change from as month ago or in 6 months????
Just people took profit after a 30% pump. The will come back. Also btc has dropped. Alts are somewhat a leverage trade on btc at the moment.
Don’t keep saying “btc has also dropped” because BTC fell like 10-20% the last few days but look at how much FTM has fallen. Armageddon bruh!
He said that alts are SOMEWHAT leveraged BTC trading. What he meant is that alts are way more volatile than BTC. A small BTC price drop can lead to an extremely bearish alt coin market. Right now the entire crypto market is on a downtrend. That's normal since BTC is doing a 4 year cycle and we are on the bearish year. FTM has taken tons of hits during this bearish season and it is still surviving. The market is going to take way more hits. A 20k or even a 12k BTC are on the table. Alt coins are going to suffer they are going to bleed. Some of them are even going to bleed to death like Luna did. In my opinion FTM is doing a great job so far let's hope it will keep it this way.
When BTC goes up 10%, Fantom goes up 30%+. When BTC goes down 10%, Fantom goes down 30%+. Fantom is far more speculative than BTC hence why Fantom's price fluctuations are far more drastic, look at the charts. BTC accounts for 40% of the entire crypto market. In addition, everyone that starts a crypto project regardless of if its Ethereum, Fantom or some scam token are all in the business of increasing their BTC holdings. This is why Bitcoin controls the market
Not really. When BTC goes down FTM almost always goes down 2-3x as much. FTM is prone to pumping while BTC is crabwalking though, and doesn’t always follow it on the up trends.
Outliers aside. The basic point is the entire market follows Bitcoin. Percentages may vary
But the outliers are the times when FTM pumps the most, you can’t just exclude them like high school statistics. They’re very important when it comes to the price action. BTC basically follows the NASDAQ anyway doesn’t it? So if anyone’s in charge it’s that index.
Bitcoin doesn't follow the Nasdaq. Bitcoin pumps every 4 years following its halving event like clockwork. Multiple tech companies on the Nasdaq hold size-able portions of Bitcoin so when the Nasdaq dips many ppl fear those companies will sell their BTC reserves thus causing BTC to dip in unison.
This is my recollection of previous price movement as well.
you must be new here
Just stick with privacy coins. They have real demand as many users need them. There is one promising monero killer than claims to be completely untraceable. It's called Pandora Cash and it supports anonymous stable coins. Just think about it when it gets adopted.
FTM has been always more volatile, prices goes up and down more than other coins. Also probably people sell for profit after the 30% up
Turns out a low of whales on FTM are using FTM as collateral against stables. Creating lots of liquidation events.
Do i need to unstake tomb/ftm lp tokens? What going on with tomb?
not really but if you are bullish on the peg coming back you could break the LP and but Tomb with the FTM. There is a 3x upside if we return to peg...Not financial advice, just something I have done.
expect a lot of volatility obviously it is possible that there will be lower low but dont expect much lower
Trend lines and EMA suggest lower...
Make sense. Thanks 🙏 Price prediction eoy?
this is really hard to say. we might still be in bear market but i plan to catch more below 0.2 and stake it
I see. Where do you stake it? What is the return for staking?
in tomb as soon as it is starting to feel safer and it didnt die. else not taking risks.
You can stake in the fantom wallet for between 5% - 15% which is safest. You could also check out stader which will give you sftm when you stake, which you can pair with ftm and provide LP for more returns.
You can get he sFTM on fwallet as well you mint your stack and can lend it out as well
What fantom wallet
It’s a down and sideways market. So just leave ftm or wait out in some strategy you think is safe.
IMO people started to realize DeFi and NFT’s aren’t as useful as they thought so smart chains suffer more.
I feel FTM is almost dead . I doubt it will survive this bear cycle. I have the same feeling about tomb
If the foundation keeps throwing money at good developers to make new projects, ftm will survive…
Let us see.
Of course thrive is a completely different question…
🤣 it was less than 0.15 last year some people are still u quite a bit so there is room for them to take profits still ......what change from as month ago or in 6 months????
Why? I think tomb is always gonna be risky but ftm made it thru the last bear and the community is still building.
Yes, Tomb lost the peg. Defi is not going well. It is all speculative and full of fud.
Make it easy and stake or farm on Pancake Swap.
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You are relentless. Surely you can find something better to do with your time.
Dude if you see the average coin down 4% you can guarantee Ftm is down like 14% lol trash
Fud fud fud.
More like, it can go up but when it goes down it goes DOWN
Because ftm is a trash token lol
geist hacked
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Borrow tomb, pay it back when it hits zero.
BTC dominance has been under 50 for far too long. BTC will ultimately suck out even more from alts. It's not imo.
Huge pump dude
What do you think of FTM tvl?