Quote from: pooya87 on Today at 08:17:34 AM

Quote from: nongrada77 on Today at 08:02:08 AM

the conclusions and forecasts made by analysts of one of the largest crypto resources.

99% of those who you think are "analysts" are newbies who have very little understanding of this market!

Quote

⁃ On March 12, ETH survived its biggest daily drop in history — nearly -45%.

that was nowhere near the biggest dump of ethereum. during mid 2017 alone it had lots of 50% dumps not to mention that 64% crash of 2018 in February. by the way this -45% dump was not a daily drop it took more than a day.

Quote

⁃ The sudden drop in prices triggered snowballing liquidations.
⁃ All major crypto assets have experienced significant pullback (XTZ ~ 48%, BCH ~ 45%, XRP ~32%, LTC ~37%).

that's just altcoins getting dumped faster and bigger than bitcoin, it is normal. it is exactly liquidation it is panic sell.

Quote

⁃ The number of BTC whales (who have more than 1000BTC in their wallets) did not decrease on March 12, which indicates that the sell-off probably was not concentrated among the largest holders of long positions of the bitcoin.

that is completely wrong because we have no way of counting the number of whales in bitcoin. addresses that have a certain amount of bitcoin do NOT represent whales.

Quote

⁃ Correlation with S&P500. Those who believed in bitcoin as an “uncorrected asset” were probably disappointed with how quickly the situation changed in March 2020. Bitcoin may return to an uncorrelated state, but its positioning as an uncorrelated component of the portfolio has been questioned.

anybody who has looked at bitcoin charts ever has been surprised about how well bitcoin performed during this time. a 30% to 40% crash in stock market or any other big market for that matter is a big disaster but in bitcoin the same percentage drop is just another normal moderate drop.

Quote

⁃ Bitcoin transaction fees remained low during the market turmoil in the first quarter. Low transaction fees reinforce its potential use as a payment and transfer system, especially for sending large amounts.

wrong. fees increased up to 40 times during the 3 days that price was going down from the minimum of 1 satoshi/byte to up to 40. and they stayed up most of the same week and the next but not as high.

Quote

⁃ Halving will take place in less than two months when the reward for bitcoin block generation will be halved

there is less than 27 days remaining to halving!

Quote

⁃ New functionality for crypto networks will have a direct impact on adoption among users. First of all, it is the implementation of PoS for ETH,

switching from PoW to PoS is not a new functionality. it is a desperate way to save a centralized network and create some short term hype to pump the coin. and in the longer term it is to make free money for no work for those who have millions of Ether stored for free such as ethereum foundation and Vitalik who own the premined coins.

Thanks for your comments. These are just take-aways from CD report, as CD is often considered as very reputable source. Your thoughts on this?

nongrada77

Posts

Merits