Post
Topic
Board Bitcoin Discussion
Re: Strong Hands Are Buying
by
rikybrosh
on 29/11/2022, 18:48:59 UTC
A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.

Strong hands are buying bitcoin.

Whales are buying bitcoins

Intelligent investors are buying bitcoin

Governments are accumulating bitcoin

And those who are accumulating altcoins are greedy non-sense bunch of retail investors, who will get rekt one day or the other. Every day a crypto will be dead but only bitcoin is here to stay forever.

Some altcoins perform good resistance against bad market condition, but most of them just pump and dump. Recently I was trying to do daytrading and I saw that big investors looks like they just playing with some altcoins. They pump for few hours then dump it again, people who have big hope with those altcoins stuck at expensive price and don't have any idea when will the price go up again. Durring this bear market, traders only care about profit, I was learn the chart and realize that people looking for good position and sell it immediately at higher price that predicted before, and using this pattern is very easy to make profit about 9% - 12% every three days. But the price of the altcoin keep fall at the end. But some altcoins are very strong, those investors can't do the same thing to those altcoins. For example is TRX, I don't see pattern like that in this altcoin, TRX price usually goes in line with  Bitcoin price. This altcoin have big chance to grow faster because it seems that it's price will rise when bitcoin price rise and it keep rise when bitcoin price fall because some bitcoin investors will looking for some altcoins to invest as they get profit from bitcoin. There is a note from me, when this altcoin price rise like a rocket just remember that the price will fall again. So don't blindly hope for this coin to surpass bitcoin, it's just like other altcoins but stronger. This is how the market works. Always prepare a good strategy before trading is the best way to avoid loss. That's my opinion.