Bitcoin market and FUD

Bitcoin market and FUD

By Kavi | Kavya | 11 May 2020


 

 

488b6253ba44f8c06f8516974f518478c44309490de7283176ffad1a7c202e5c.jpeg

b3384baf17256291b2f0621b6b71aed4313c6a48016d32e4a2ae059039bdaa70.png  CLICK FOR FUN

 

If we see the current market value specially Bitcoin then shockingly it dropped from $9,700 to $8,700 in just 30 mins . After watching many news channel and blogs , major hodlers and traders were sure to get full opportunity of profit during this halving time . Bitcoin Halving is going to take place in next 16 hrs  and Currently the Bitcoin is being traded at $8,700 as per coingecko

Here  i bring some source and we analyse how the halving will put impact on bitcoin market.

bitcoin

If you see the above chart in the picture then we observe that , bitcoin halving is kind of inflation barrier whenever it took place . if you see previous halving in 2016 in July , then the impact of price was in bearish mode but after a month the market value of bitcoin started increasing as bull run just had to knock the door in the month of January ,2017 . why i need to show this record because if we compare with current year halving then same pattern is being followed.

Bitcoin is not like others  means it runs most of the time on the base of emotion , manipulation and fame . 

 If i clarify my word , 'bitcoin is not like others' mean to say if we compare it with Gold and government controlled and licensed stocks then it is much likely to be fair to say that it runs or works on the base of emotion( FUD), Manipulation (Whale) and fame (popularity).

  • FUD : Fears Uncertainty Doubt which is highly concerned in bitcoin market . if i give you recent example of this then concept will be more clearer to understand .

example 1 : Paul Tudor a hedge fund Manager ,philanthropist and conservationist had stated few days ago that Bitcoin is great asset for future and they will too buy it but why i am mentioning this in my blog because it is emotionally attached with bitcoin and as a positive , bitcoin started performing well after once the news come out .

example 2: Coinbase if you know it is a custodial coins wallet and trading platform where you can hodl ( a term to be used for coins holders) and trade ,was down yesterday and as we know crypto reacts quickly if any Fear ,Uncertainty or Doubts happened ,consequently bitcoin dropped $1000 in just 30 mins .

coinbase 

  • Manipulation: crypto market is not established solid platform yet as there are many new issue been heard every time also The Whales of crypto market who is the big buyers and sellers and have half influence to control the market sentiment, is the manipulator which also create lots of FUD among newbies and regular investors.  
  • Fame: bitcoin is the king of cryptocurrency in the blockchain industry which is keep leading from 2009. the popularity of bitcoin is worldwide and everyone wants to keep bitcoin for future .Just because of such popularity it directly connect with buyers sentiment to buy when ever in the market FOMO (Fear Of Missing Out) created.
Bitcoin is going to stay no.1 coin forever ...

After surviving 11 years in the crypto market where bitcoin has seen many ups and down and breaks its own ATH (All Time High) price , What do you think it will be Zero in value ??

No at all , Bitcoin is the first crypto which started as digital coin , got popular as Asset and fixing its popularity as Currency in next few years after halving . 

Bitcoin is here to stay forever...


 

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Kavi
Kavi

Chief mentor of 'skill2up.in' and blogging is my passion.


Kavya
Kavya

Hello everyone i am kavya and i love to travel and writing essay, reports and blog.

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