The bear market won't last long.

in CryptoDog3 years ago

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Some of us that have been in this game long enough knows how this works in the crypto space, what we call the bullish and the bearish run in the market of cryptocurrency, what could influence the successful run and what affects it, as it has always been informed that its not a financial advice to invest in a particular project unless you do your own research on project you want to invest it at a particular time.

Cryptocurrency is facing regulations issues in some countries, recently a ban that happened in China for miners, mining in China forcing them to relocate affected the trend of bitcoin and other cryptocurrencies, one of the things that affects crypto most is news, when the news came in, the investors in the crypto space tend to panic sell whereby the volume of the market capitalization of cryptocurrency is reduced,

Thanks to El Salvador for the recent news of accepting bitcoin and their great development they are working on for bitcoin, this are also things that will influence the price, when there are demands for bitcoin.

Miners are saying the China ban news is a fantastic one, it takes China just a call to shutdown all services of cryptocurrency, unlike united state where it is a state government that decides. The fedral government calling to shut down Bitcoin miners in Texas will be challenged by the state, but bitcoin is only banned in China, they are also planning on their own cryptocurrency.

The bear market won't last very long, countries are starting to recognise digital currencies, and the first country to accept bitcoin El Salvador are even planning to accept 1500 bitcoin Atm machines in the country, we all need great news like that to get back into the bullish run.

Let hope for good news to come in days, weeks about crypto.

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