1. Your perspective on the Crypto Exchange should not be like Bist100 or #Nasdaq . #Bitcoin and #altocoins should be seen as another area.
2. There is a separate system here. Alt coins are not suitable for long-term investments such as 10 or 20 years.
3. Even though bulls have occurred here 3 times before, there is not enough data to analyze. All that is known is that a bull occurs once every 4 years. The reason for this is that the fees paid to Bitcoin miners halve every 4 years. For this reason, since the amount of BTC they receive decreases, miners need to sell it at least twice the price so that they continue to receive the same payment. Of course, when you take dollar inflation into account, this amount should be more than 2x. But we see this. The price does not always increase for 4 years after the halving. A rally is being created. Bitcoin is given a certain value. Miners make sales here. We observe a 60% retreat in the BTC price, more than 90% in alt coins.
4- In other words, since there is no company here, the system is an operation to lock goods by creating Fomo on someone.
For example, I am already writing, you will witness it in Taurus. Let's assume $BTC is 120 thousand dollars. Comments from world-renowned investors and economists will appear on news channels. Bitcoin price will see the value of 250 thousand dollars. Bitcoin will be the gold of the future. We will see articles like this. The changes in the lives of people like me and you, who entered the market during this bad period and multiplied their money 10 times during the bull period, will attract the attention of those around them. They will come in while you are selling at the point where you make 10-20x. Since they are not trustworthy, they will pay 3-5 thousand and approximately double that money. He will wish he had invested more and sell his savings. Crypto will break at that moment and will lose about 25%. He'll say this is great, it's cheaper, he'll say let's take out a loan and invest more. It will drop by another 25%. He will have difficulty paying the loan. Instead of using the debt to pay off the loan, he will say that it has already dropped by 50%, let me buy it from here, if I double this money, I will pay off my loan and pay off my debt. From there it will be another 25% minus food. While waiting for it to rise, there will be 25% minus 10% of the money he invested in food. Then he will start saying Hodl makes money. Because his money is no longer worth money and when the market increases 10 x, he will have recovered his loss. This man will come out and become a phenomenon and say, as you say, you are not at a loss unless you sell.
5- So, in short, sir, if you want to put money into this market. Look at the breakdown. Calculate that it will fall 90% from the Bull Peak and take your risk accordingly and collect goods in times of sharp decline. If the goods you bought during your hard decline days did not make you gain more than 20%, you know that that coin is not the right coin.
6- Whales carry new coins in every bull. They attach importance to new coins in each bull as it will be difficult to move the goods in the charts with certain support resistances in the Ath region. Therefore, the weight in your basket will be the coins released after the 2021 bull. The nice thing is that you can see the owners of the coins. You can make a more accurate analysis by examining the approximate costs of their wallet assets and the coins they have bought and sold before.
Because what is important in this market is the Whales rather than the coin project.
