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Mubeen Shaikh
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I've been trading for almost 17 years, 9 of which have been in cryptocurrency. So far I have seen bull market 3 times and dozens of declines. I started on Wall Street and lived through the global crisis of 2008. I mined bitcoin in 2012 and ethereum in 2015. Experienced its ups and downs before and after the Covid crash when all coins lost 50% of their value every day. Saw the fall of FTX when #BTC lost 40% of its value in a few days. I remember well over those 10 years all the excited talk when Bitcoin was rising and how the mood of the crowd changed when it fell. A time when there weren't all those useless memcoins and other shitcoins and blockchain technology was actually considered something mysteriously innovative, not a means of speculation like it is now. There used to be no fear and greed index, but just like now people had a fear of falling, which turned into panic terror. And after a while it turned into blind optimism and desire to invest the last penny in crypto in the hope of getting rich. That's why I look at the market realistically and without enthusiasm when it grows and without fear when it falls. Right now I see that we are in a correction phase, that's why I'm talking about it. When the time comes, I'll say we're going up... but not now. #binance #Bitcoin #DEFİ $BTC #Ethereum

I've been trading for almost 17 years, 9 of which have been in cryptocurrency. So far I have seen bull market 3 times and dozens of declines. I started on Wall Street and lived through the global crisis of 2008. I mined bitcoin in 2012 and ethereum in 2015. Experienced its ups and downs before and after the Covid crash when all coins lost 50% of their value every day. Saw the fall of FTX when #BTC lost 40% of its value in a few days. I remember well over those 10 years all the excited talk when Bitcoin was rising and how the mood of the crowd changed when it fell. A time when there weren't all those useless memcoins and other shitcoins and blockchain technology was actually considered something mysteriously innovative, not a means of speculation like it is now. There used to be no fear and greed index, but just like now people had a fear of falling, which turned into panic terror. And after a while it turned into blind optimism and desire to invest the last penny in crypto in the hope of getting rich. That's why I look at the market realistically and without enthusiasm when it grows and without fear when it falls. Right now I see that we are in a correction phase, that's why I'm talking about it. When the time comes, I'll say we're going up... but not now.

#binance #Bitcoin #DEFİ $BTC #Ethereum

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.According to one market analyst, there could be a massive outflow of #Bitcoin  from miners in the months following the halving, as in previous cycles. According to calculations made in an analyst note on April 13, Bitcoin miners could potentially sell $5 billion worth of BTC after the halving. “The pressure from this sell-off could last four to six months, which explains why Bitcoin could trend sideways for the next few months, as it has after past halvings,” Thielen said. The analyst said the same situation could repeat with crypto markets facing "significant challenge in a six-month 'summer' recession." The price of #Bitcoin hovered between $9,000 and $11,500 in the five months following the 2020 halving. The next reward halving will take place in just six days, around April 20. Therefore, if history holds, markets may not see a significant upward trajectory until October. He also said that miners tended to stockpile BTC, which led to the “supply/demand imbalance and a subsequent rally in Bitcoin prices,” leading to the halving. This has already happened, with BTC prices rising 74 percent in 2024, reaching an all-time high of $73,734 on March 14, before falling below $63,000 in mid-April. Thielen also believes that altcoins in particular may bear the brunt of this situation. Many of these coins have experienced significant declines over the past week, with many remaining far from their 2021 highs Marathon Digital, which produces 28-30 Bitcoins per day, may reduce this figure to 14-15 after the halving. The researcher concluded that if all miners followed a similar strategy to sell Bitcoin post-halving, “this could result in a maximum sale of $104 million of BTC per day, reversing the supply/demand imbalance that caused BTC to rise pre halving
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