Could This Signal Another Significant Bitcoin Price Rise? - Investment Groups Are STILL ALL IN

Also Read : Bitcoin’s Fundamentals ARE STILL AMAZING, And Nothing Will Destroy It’s Future Worth” - Charlie Lee

What is up, ladies and gentlemen, welcome back to another Article here, the tech cash house today. Hope all of you are having a good one. I know that I am because bitcoin is recovering quite nicely and it appears as though bitcoin is becoming somewhat unstoppable as bitcoin prices have marched on. So how exactly do we know that bitcoin is in fact unstoppable? Well, there are several signs that bitcoin and other cryptocurrencies, despite all of the FID that the mainstream media throws at them aren't slowing down, but before I go ahead and dive into the rest of the content, I want to remind all of you, drop a Upvote on this Article, Follow and share with your buddies if you think that they would enjoy it. Although those things really helped me out and they help the Blog grow and I always appreciate them. So to really cover this effectively, we need to talk about the thumb hacking incident that occurred back in June when prices have, for example, held up following the announcement that South Korean exchange bit thumb was hacked to the tune of roughly 35,000,000,001 approximately 31 point 6 million USD.

The market leading bitcoin dropped to as little as $6,561 at midday. According to the coindesk bitcoin price index, at this point, pick one had fallen two point six percent from its price of $6,737 at the start of the day. Additional BPI figures show, however bitcoin later bounced back, recovering all of its losses and trading at $6,777 and fourteen cents just 13 hours after the day's price low. So bitcoin recovered remarkably quickly. Despite the negative news, several analysts weighed in on bitcoins, minimal response to the latest hack. So apparently investors are becoming increasingly desensitized to bitcoin's fluctuations. The industry has not become significantly more effective at addressing these attacks. Said [inaudible] CEO of [inaudible] network, and a new [inaudible] opinion quote, investors have become increasingly desensitized to this type of news and quote Joe [inaudible], CEO of Cryptocurrency Fund of Hedge Fund, a big bull capital offered a different perspective and he's quoted as saying, quote, the bit dumb hack was smaller than several other hacks, which may have reduced its impact on the spot price.

He emphasized that quote, bitcoin's price is already hovering slightly above proven support levels in the low to mid $6,000 range, and he went on to say, if this hack had taken place when bitcoin was starting to mount a comeback, say in the mid $7,000 range than a sell off would have been more likely. As it stands, the crowd that is purchasing bitcoin at this price seems to be more resilient to bad news than the bandwagon. Crowds that are run up in the price tends to attract. So in other words, people right now are resilient. They're stern and they're holding onto their investment, which really helps bitcoin gain a stronger position. So in spite of all of this news, it is worth noting that bitcoin's price has made great progress over the years. Bitcoin is still far higher than it was during the beginning of 2017. A urine digital currencies enjoyed sharp gains.

Having started the year at $420, bitcoin is up more than 1,500 percent from this value by trading close to around $6,800 at the time of writing. So in other words, it appears as though the crowd that supporting bitcoin right now is really dug in deep. They're entrenched and they're ready for a fight. And I definitely appreciate and respect that I would say that I am one of those people and many of you watching this are most certainly those people also. And I think that a lot of the hype buyers are gone by now. People are no longer as concerned about these fluctuations that we're seeing as people are comfortable holding on and giving their investment, their respect. It honestly deserves. So I will of course, as always be holding onto my bitcoin and other cryptocurrencies because like I said, I'm a bit stubborn when it comes to selling.

I honestly think that right now these currencies are way undervalued and I really think that they have a lot of growing room ahead of them. So with that being said, vic one is unstoppable. It's kind of like a massive train and I don't think it will be derailed anytime soon. Of course, that's my opinion. So I want to hear all of your opinions down in the comment section below. As always, dropped this Article, Upvote if you did Upvote it, Follow for more, share with your buddies if you think that they would get a kick out of it. And Anyway folks, I'll see all of you in the next one. And Adios.

 @nayabali >>>>Follow ! Upvote - For My Effort For You:

All in all, what do you consider this? Just offer your perspectives and considerations in the remark area beneath.

Upvote And Follow For More Details >>> @nayabali