First of all, a big greeting to all friends of steemit and especially to the members of this prestigious community as #ProjectHope.
The cryptographic market is currently showing some signs of improvement, but everything can change, remember that the large amount of Bitcoin is distributed in small investors which means that the market sometimes behaves as are the actions of the same, ie do not have nervousness and mood are calm without any false news.
A couple of weeks ago when the ETF information came out, many thought that the Bitcoin price would consolidate a rise to historical levels, but in reality it was not so, we waited anxiously for that moment and it resulted in a significant drop in price that gradually recovered.
We must keep in mind that, when news of this magnitude comes out, there are many expectations and a pleasant and euphoric atmosphere is created that truly lands when things happen for better or worse, in this opportunity it was not as expected, therefore, we must have confidence and patience in the long term to obtain benefits translated into satisfactory investments.
However, the adoption of new countries to cryptocurrencies, the evolution of technology that allows greater security to investors will be very beneficial and will bring more confidence to the crypto market. All this will be very positive, but we must keep in mind that everything is not rosy, on the other hand, the imposed regulations of some countries and the countless technological attacks also make it risky to put a capital adrift.
To conclude I think everything has its pros and cons, but since the genesis of Bitcoin has brought more benefits to this cryptographic world that I think still has too much to give from the financial, administrative, technological and one that I am sure will be consolidated which is the tax.
Thank you, friend!
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Greetings @dgalan, the arrival of ETFs, as we have evidenced does not mean anything in the price of bitcoin, it was not an enhancer as we all thought, I think that with the arrival of halving, if there will be new highs after halving possibly in the year 2025, if it happens earlier much better, since, that movement will also help the growth of many cryptos.
See you later, have a great week.
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greetings @amestyj is very exata your message dear friend, let's hope that with the halving the market walks towards the consolidation of the price and that it exceeds the historical ones
Thank you very much for your comments
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Dear @dgalan
I didn't read any of your posts lately and finally I got back to Steemit. Glad to see that you are still around
Solid read :)
I was quite amazed that FED announcement caused only such a small drop in price of BTC. Especially since expectations were very strong that interest rates will be reduced.
To me it only shows strenght of crypto market. Not many investors are willing to sell their positions even now when those expectations were dismissed by FED.
Im guessing that it will be hard to create much panic before APRIL halving and most investors will hold on to their crypto until that event.
Cheers, Piotr
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greetings @cripto.piotr is very true your appreciation my dear friend, hopefully with the halving the price of bitcoin has a significant rise that exceeds its historical prices.
It should be noted that surely the detractors of cryptos will continue to do their work to weaken the market and the white hands will enter into nervousness and wait for the best price to capitalize.
Thank you very much for your comments
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