The center point and BTC
We talk a lot about BTC these days:)
The market is boring as we see. Just some coins being pumped that we don`t even know anything about.
After that China came and blocked them.
We see BTC sleeping today.
Is he confused or does he just want to make us
a confused trader and then knock us out?
Allah willing surely not.
This year was a green year for almost all traders, i think that and sure you will agree.
I mean the old traders or those who started at 11/2016 last year.
Almost all Forex traders joined crypto currency this year. I saw some of them changed their work from USD_JPY to crypto_ war.
Some came late, they missed the big fish and maybe join in red mode. Anyway good luck for all of them.
BTC, what's going on in your mind?
First we will explain without charts, then we will explain with charts. I know some people like short words but i love to explain.
As we saw BTC started his mad moves from $740 at 1 Jan this year.
He was back to his old summit at $1280. Then BTC did a fast correction. After that went up like a rocket to get 120% in around 3 months. We talk about Bitcoin here, not Okcash::)
Again doing some correction then get to $4900.
If we set the profit rate from the beginning of the year at $740 i tell you BTC has gained 540%.
What do you think? 540% is not much, sure if we talk about alt coin then its nothing
but there is a big difference between alt and BTC.
BTC in Crypto is like the dollar in paper currencies.
Tell me what will happen to the dollar and other currencies if the interest rate rises only twice its current rate and not 500 times?
The crypto major "BTC" raised 540% so all coins should rise with his father and exactly that has happened.
Tell me, if BTC grows every year like this year, what do you think will happen?
The price should be getting to 24k next year.
I should sell my house, then buy BTC.
Bankers should stop printing the money and purchase mining equipment.
1. Surely, BTC is not a centralized coin but the world has rules.
2. If BTC gets to 7k-10k at the end of this year as an example or the next year, what will you do? Will you still be a BTC trader or will you stop looking for BTC and search for cheap coins as we do now?
So the purpose of this talk:
The increase of height is not in favor of the Bitcoin at all or for your benefit
How come?
BTC going up means fewer traders. Only whales will trade it.
That means more overlooking from governments and bankers
like it just happened from china about ICOs.
Maybe someday we'll see news from the US government criminalizing trading
at crypto currencies.
Yes, this is true if it continues to rise in this crazy way.
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