Bitcoin is rising again. As you all know about latest market crash happened past week.
All Cryptos falls double digit but now rising again. The reasons of market crash are simple. The Banks, The Chinese Government, Indian Government & most countries around World trying their best to Regulate & control Bitcoin along with other cryptos. Which cause fear among the rookie Investors to sell their share. But Here is what vampy has to say about that " Bitcoin will rise to 100K that's for sure."
Does it Down again ?
Yes of-course because regulations & bans are not done yet.
Once regulation process is complete BTC will soars to the sky. Why ? Because it got accepted by Governments around the world. This is by Far best vampy could think off ^,..,^
All those who buy it already or going to buy. My Advice to you is please HOLD you BTC. You will not regret it. Think it like Yearly Investment. Same suggestion goes to the ones who already got BTC in their wallets holding.
Want to earn more ? Learn more about the Blockchain technology, Masternodes etc.. Find Lucrative ways to manage your Investment. HODL Bitcoin & play with other coins in Exchanges. Decentralization is on it way already, nobody in the world can control it. Become part of it as soon as possible. If you have any Question or suggestion Please comment on this article. Hope you all have a good day ^,...,^
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Very good
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I was so happy this morning when I woke up, and crypto was actually up!
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According to the firm Autonomous Next, the number of hedge funds investing in digital assets like Bitcoin has grown rapidly to more than 100. Since the launch of Bitcoin Futures on the Chicago Mercantile Exchange in December 2017, it shouldn’t be a surprise to anyone why the price of Bitcoin is down 50% from the high.
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Only Retail Investors chase price and buy high and sell low, while the Professionals buy low and sell high. The Hedge Funds have purposely sold Bitcoin futures to get in a better price.
At the moment, there is a war taking place between the buyers (Hedge Funds) and the sellers (Retail Investors) called capitulation. That line in the sand was at $9000. Capitulation is when investors give up any previous gains, by selling, in an effort to get out of the market. Capitulations are outcomes that result from the maximum psychological and financial pain that can be endured by a group before throwing in the towel. The Retail Investors are throwing in the towel after seeing a more than 50% correction in the Bitcoin price to the buyers, the Hedge Funds. With 100s of millions of dollars to invest, we are witnessing an accumulation phase by the Hedge Funds between $6000 and $9000.
The Hedge Funds are loading up and buying from the Retail Investors. But to fill all their buy orders, as the sell orders dry up, price must go down to the next stack of sell orders. We are approaching what I believe will be the bottom of bitcoin at $6000. My first target is $12,000 and my second target is $17,000 over the next 3 - 9 months.
The easy money has been made over the last 12-18 months. With the big boys in the game now, the rules have changes. The question is, are you ready to play to win with a new play book?
This post is my personal opinion. I’m not a financial advisor. Do your own research before making investment decisions. By reading this post, you acknowledge and accept full responsibility of any gains or losses.
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You got a 8.46% upvote from @ipromote courtesy of @vampy!
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