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Will bitcoin go back to its old ways according to the law of halving in the past?
The only difference is novel coronavirus epidemic has great impact on the economy, and all central banks are letting water go.
How is this money going to the currency market? How can bitcoin highlight the legal currency siege and become an important option for global asset allocation, rather than gold or the US dollar.
The only difference is novel coronavirus epidemic has great impact on the economy, and all central banks are letting water go.
How is this money going to the currency market? How can bitcoin highlight the legal currency siege and become an important option for global asset allocation, rather than gold or the US dollar.
I seriously doubt it. I base this assumption on yesterdays 600%+ investment increase in Bitcoin Futures from institutional investors on the Bakkt platform.
Yes, there are not a lot of traders on the Bakkt platform, but the little that are on there have a lot of insider information on the things that they invest in and if they are suddenly investing in Bitcoin when the price is going down, then they must know something that we do not know about.
Let's see if my speculation is accurate.
Yes, there are not a lot of traders on the Bakkt platform, but the little that are on there have a lot of insider information on the things that they invest in and if they are suddenly investing in Bitcoin when the price is going down, then they must know something that we do not know about.
Let's see if my speculation is accurate.
It's magical to see
Now some people on the Internet predict that bitcoin will hit a new low since 2018. Is this someone harvesting leeks and alarmist? Historically, there seems to be a similar voice every time prices fall. Our retail investors are reduced to leeks every time.
I think one of the causes is the effect of trade war between China and America
and also the global economy is weak
and also the global economy is weak
dollar trade wars been going on for decades, centuries even, weak economy been going on since 2008... come on atleast try a bit better and stay relevant to this year
how about all those futures options that expired last year, people put into another yearly contract which they are now closing those contracts.(meaning something relevant to the last 12 months)
how about all those hashrate chatter causing people to panic because its not supporting a good bottom floor value line support(2 month floor puts btc at a ~$7k cost to mine).. in short the $10k price was inflated/bubble and not 'good value'
how about people now trying to register with brokers to use things like bakkt instead of buying direct thus less buyers and more sellers on the exchanges.
anyways. if you want to stick to the decade view of causes, here is the best one.
bitcoin has and will always be volatile like a stormy sea. with waves going up and down. dont expect a perpetual tidal wave growing constantly bigger and bigger. dont expect smooth sailing. always expect ups and downs
Your explanation gives me more room to understand. Thank you.
For two consecutive days, Bitcoins fell late at night. There are many rumors on the Internet, some people say that the exchange joint bankers, institutions, a hanging of retail investors. Others say they are preparing for big organizations to come in one after another. But in any case, retail investors are innocent.