A Bitcoin Pattern
Hi, Dear Steemians Friends. It seems like I was right in my post two days ago "Is the Correction Time Arrived or is it the Banks?" Here. When I look at the coinmarketcap today we have nearly lost about a 100 billion $. In the days to comes, we may see a big dip of the altcoins not only because of Bitcoin price is down but also many investors may want to take their money out of Altcoins and invest it in Bitcoin when it reaches its lower point. In the future, it will be much healthier if we have not only Bitcoin as the main currency as every move of BTC affects all market. When I look at the market over the past year it seems like there is a kind of pattern in the bitcoin price and it seems to repeat again and again. Bitcoin let say a year ago was at a 1000$ than grow to 2000$ then fall back to 1000$ for a short time and grow to 3000$ and goes down to 2000$ then up to 5000$ and dip again to 3000$ and jump to 8000$ to get back to 5000$ and now jump to 18.000$ and now starts to dip down to? If it continues to follow this pattern it may go down to 8000 or 10.000 before reaching a new high over the 30.000$. But in a high volatility market pattern are not an exact science but it seems to repeat over time again and again until today. So try to notice it and if you are willing to enter the BTC market or consolidate your position try to anticipate this pattern as the big players will again make fast moves, driving the price fast. Also when studying the BTC case in these periods of up and down it seems to be likely Banks or Big mining companies that always start the moves. But in the case of the two last up and down Banks where really involved. As usual, make your own research and take your responsibility for your actions, there is no science behind this market everything is possible. I hope you the best in your crypto journey.
well @ricko66 , allow me to translate into myanmar.
Of course, @kachinhenry, whenever you want to do, you always get my approval. Thank You.
I hope you're right mate! I was thinking the same thing... hard to pinpoint how far it will fall before it shoots back up. Knowing my luck I will wait to long and it would shoot back up! Will probably get a little more when it goes < 10k which I think is pretty certain to happen. Good info bud.
The pattern is always the same but things can change as the price is now much higher. The big sellers make already big profits with 2000$ dip so the best is to stay informed. Hope you the best :)
Wont it be profitable to convert crypto into some currency with lower market capacity????????? bitcoins are making so mucg progress right now all for what coz it has only 21 million market cap max... if u invest into something into even lower market cap then today or tomorrow u can make way more money...plus bitcoin mining is becomng so expensive now that unfortunately people will lose interest i think investing into btc wont be the best option u hv right nw
it is only profitable for the really large amounts of BTC. I am not sure about Bitcoin core future in a long-term because the technology is already outdated. A project like BTC Diamond is better (on the paper) let see what will happen, but for the people, the best is to hold it for now.
i liked in your post and i follow your post sir
Yes you are right @ricko66