ACID!!!...WHAT FUELS THE RECENT CRYPTO BULL

in spring •  7 years ago 

IMG_20180429_204553.jpg

...hello my friends its so great being back. I was on hiayus cause of some educational project. Good thing..is that i am done and back. Unquestionably..i am certain that we all hake an idwa of the sustained bullish yrend in the crypto market of late. Seversl ponters and indicators i have studied to identify the causiality seems to present to me with a murky perspectice.

They include relaxation of regulations, extermination of weak hands., Co porate adoptation, more utility of several altcoins to meet the needs of a broader spectrum of users, or just we are in spring and it signals a new befinning of growth.

I personally adopts the last speculation..having met and had conversation with people of greater crypto insight , to most of them, this is just the season of growth, from late march into April and the trend continues into the year... there wasnt any concrete reason for that and if i pressure too hard, i surely do get same set of answers.. " go and look at the historic chart of bitcoin and crypto state at this period of the year". It surely do fits and describes the current frenzy like continious value spikes..

Hence to my deduction..Spring sprouts forth freshness, beauty, scent colour and greeness in nature and as same as farmera, potential investors plant and seed their investment dueing this period to attain maximum yield in withon the guildance of the balance in natural forces.

IMG_20180429_204553.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

IMO the factors driving the Bitcoin price surge are the following:

  1. Animal spirits (fear, greed and the hype)
  2. Political risk (and uncertainty)
  3. Regulatory moves
  4. Bitcoin’s governance (the coin to rule all coins)

Thanks...i guess i was misguildwd in my analysis.