RE: JOIN my newest crypto QUIZ TODAY [for crypto maniacs only]
I like this type of challenges ;-)
So I made some chart analysis compairing 2017 with 2021.
2017
source: coingecko
In 2017 we see at least 3 instances where we had course losses of BTC/USD of more than 30%.
2021 (Jan - May)
When looking at the price development of BTC in the first 5 months of the year, then we see that there is only one correction of more than 30%.
For both years, the first correction happened in the end of May and lasted until July. If we have the same development... check out where BTC went in December...
Volume
When looking at the volume, in 2021 the trading volumes are much higher than what we saw in 2017. This shows that crypto has become more widely adopted. What has to be said here is that the dominance of BTC was much higher in 2017. Nowaday, other cryptos take a growing part of the crypto trading.
how do you feel about current market conditions?
I have been dealing with crypto since 2014 so I have seen my shares of up's and downs. When markets go down, I see this as an opportunity to accumulated more tokens. I honestly don't care much about prices in fiat. One BTC will always be one BTC and there will never be more than 21 millions of them...
Thank you for participating in my little quiz @happyvoter
Amazing comment. And as promised: 10 steem will be transferred to you shortly.
Cheers, Piotr