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RE: Why I’m bullish on Bitcoin in the current uncertain stock market

in #bitcoin5 years ago

Greetings, appreciated @julianhorack.

Bitcoin is the first ever non-correlated asset in the world. It is not tied to any country so is a unique store of value with deflationary properties, quite the opposite to fiat currencies the world over. It does not mirror the stock market or any trend, but is a financial law unto itself.

Wow!
This paragraph is loaded with strength.

You're right, Bitcoin is not governed by any indicator, in fact it is an indicator by itself. The price of the rest of the altcoins is adjusted or influenced to a large extent according to the behavior of BTC. Then the BTC price is a matter of study with unique characteristics and for which great market analysts specialized in BTC have been born. However, there is always uncertainty. There are factors that still remain a mystery to most.

I recently read an article where the relationship between BTC's large capital movements and its influence on the recent price hike was analyzed.
I wonder: to what extent the behavior of the BTC market can be manipulated?

Thank you for this interesting analysis of yours.

All best, Piotr.

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Thanks for your positive feedback Piotr. The BTC market may well be manipulated occasionally by big orders. especially now with the low volume.

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