SINCE RECORD BREAKING HIGH OF DECEMBER 2017 ,THE CRYPTOCURRENCY MARKET IS EXPERIENCING A HUGE CRASH MAKING A LOW OF 5760 $ RECENTLY. WHAT IS ACTUALLY HAPPENING BEHIND THE SCENES ? IS CRYPTO A BUBBLE AND IS GOING TO BURST ?
THE ANSWER IS NO. BITCOIN AND OTHER CRYPTOCURRENCY WILL LIVE FOREVER.
HERE ARE THE REASONS -
- NOW SINCE LAST 1 MONTH WE HAVE SEEN BITCOIN PRICE MOVING IN THE RANGE OF 5760 $ TO 6800 $ .
- NOW THIS IS THE MASTER STROKE PLAYED BY WHALES .
- ABOUT 7 TIMES BITCOIN HAS BEEN PLAYING IN THE RANGE MENTIONED ABOVE.
- NOW LAST TIME , AFTER BITCOIN HITTING 6800 $ MANY OF US THOUGHT THAT BITCOIN WILL EXPLODE NOW .THIS HAPPENED 7 TIMES IN LAST MONTH.
- NOW IT IS HUMAN NATURE THAT WHEN SOMETHING HAPPENS IN A REPETITIVE MANNER, MIND THINKS IN A SPECIFIC RANGE.
- NEXT TIME MANY OF US WILL THOUGHT THAT BITCOIN WILL AGAIN HIT 6800 $ AND AGAIN IT WILL COME AROUND 6000 $.THIS IS THE MASTER STROKE PLAYED BY WHALES.
- NOW WHEN YOU SELL BITCOIN AT 6800 $, WHALES WILL BUY MORE AND MORE.
- NOW IF PRICE GOES ABOVE 7000 $ , AGAIN MANY OF US WILL THINK THAT IT WILL GO DOWN , AGAIN WHALES WILL APPLY SAME ANALOGY.
- NOW WHEN WHALES HAVE TAKEN PRICES VERY HIGH, ONE WILL THOUGHT THAT MARKET WILL NEVER COME DOWN.
- ONE WILL TAKE AN ENTRY AND AT THAT POINT WHALES WILL SELL THEIR HOLDINGS.
- AT LAST I WILL SAY DON'T SELL ANY CRYPTOCURRENCY NOW, AS THE MARKET WILL NOW GO AT IT'S HIGHEST RECORD IN THE HISTORY THAT YOU WILL HAVE NEVER THOUGHT.
BEST LUCK.
✅ @cryptotreasure, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
Thank you in advance!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sure ,I will follow you.And thanks for my first upvote brother.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Coins mentioned in post:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit