Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well. Today we will try to understand whether a bullrun will come or not?
Among the fundamental news, many of you may have heard this news: Binance recently received a large investment of $ 2 billion from MGX, a company in Abu Dhabi. This is very good news for Binance and also a very positive aspect for the crypto market because Binance will use this amount in the crypto market.
Secondly, you all know the former CEO of Binance CZ and he is trying to convince us again and again that it would be foolish to get out of the market given the current market conditions. For example, here he tweeted “Don't buy high AND sell low”. That is, we always do this thing, we buy a coin at the very top level out of fear, then when the market starts to go down, we get even more scared and sell the coins and get out of the market. But since CZ has been in the crypto market for a long time and since he has seen every bullrun, he has a very good idea about when and in which direction the market can go. And since he is giving this intelligence to the general public in public, it means that there is some reason behind these tweets. This can be a hint through which we can understand that there is still a chance of bullrun hope. If you check the funds of those who have big funds in the crypto sector, you will notice one thing, they are not selling a single token of theirs even after the market has gone down so much. Now a question may come to your mind that maybe they use many wallets but show one wallet so that people do not sell and they enjoy profit with other wallets. Yes, this is not impossible, because these two words crypto market and manipulation are deeply connected to each other. So there will definitely be manipulation in the market and Market makers will manipulate us but if we have the right goal and we have enough knowledge then we can survive this kind of manipulation.
Then if you check Michael Saylor's portfolio, you will see that he is also constantly buying Bitcoin. Bitcoin has dropped by about 30% but still he has not sold a single Bitcoin. On the contrary, he is posting funny things on Twitter. And the current market downgrade has made us all feel worse about doing DCI and we are using up the funds we had. That is why he is tweeting that even if the funds run out, we should invest in crypto even if we sell a chair. Although this is a funny post, he is trying to explain the current downgrades and if we have funds, we should invest in crypto.
Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.
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Upvoted! Thank you for supporting witness @jswit.
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It is a great article of Some fundamental news surrounding Bitcoin
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I already heard this news, but I really enjoyed hearing it. Thank you for sharing such a beautiful news with us.
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