Cardano saw a golden cross as its 4-hour 20 SMA moved above the 50-200 SMA while continuing the up-channel oscillation. On the other hand, Elrond and Neo saw solid ascending weeks but now formed a bearish divergence with its RSI as they braced for a near-term setback. The alt fell by 44.2% (from 18 January) and poked its nine-month low on 22 January. However, ADA saw a 32.2% recovery as it pierced through the $1.12, $1.2-mark. Since then, the half-line of the up-channel (white, dashed) has assumed strong support. It is vital to note that the 20 SMA (red) jumped above the 50/200 SMA on 9 February, affirming a bullish edge. Now, the immediate resistance stood near $1.2, followed by the upper trendline of the up-channel (white).
Motivations for buying Bitcoin (BTC) are numerous: hedging against inflation, financial independence or even hopes for a Lamborghini and life in the sun.
For “Mr. ERB,” a blogger and Bitcoin enthusiast, it’s all about retiring early. ERB keeps a detailed account of his finances on his “Early Retirement by Bitcoin” blog and spoke to Cointelegraph about retirement.
However, in a familiar story for Bitcoiners when they first enter the space, “The price was about 2,000 euros at that time, and I thought it was too late for investment.”
ERB told Cointelegraph that he soon stumbled across a Bitcoin podcast where Trace Mayer predicted Bitcoin would hit $1 million.
Interest in the FIRE moment (financial independence, retire early) coupled with a newfound passion for Bitcoin changed his mind:
That’s when I understood I’m not late but actually early. I saw Bitcoin as a great possibility for reaching early retirement and bought my first coins in October 2017– BILLI REUSS
ERB hatched a plan to retire with Bitcoin. He set a target retirement goal of 1,000,000 euros, contributing 500 euros per month, every month. His first contribution — or the first time he “stacked sats” — was in 2017. Five years later, “The success has obviously been great,” he told Cointelegraph.