Bitcoin since it’s inception has been a roller coaster for its holders. With high volatility and high risk, it has been a heart attack for some and a hen with golden eggs for others. Few lost their almost every penny while few became millionaires.
With it’s All Time High(ATH) last year in december reaching 20K $ a bitcoin and now reaching 5902 $ All time Low (ATL) since oct 2017. The market cap of 242 billion dollar at the time of writing haunting the crypto community, few are optimistic about it till now. This crypto space purely depends on news, one bad news can dump the market like a regulation or an exchange got hacked while a good news pumps the market to moon like a country accepting bitcoin as a legal tender or a famous personality endorsing bitcoin to revolutionise the world. The whales ( one who has the large number of bitcoins) play an important role too in the market by manuplating it to their desired needs, they start to sell bitcoins creating a panic and make other to sell to the point where they want and start to buy again making a profit out of it and we start to buy again feeling (Fear Of Missing Out) FOMO and lose our profits.
Can market recover and reach it’s ATH? Will these whale push it to ATH? Certainly the million dollar question of the year to be answered..
On June 6th 2018- june 9th 2018, the G7 summit held in which cryptocurrencies were discussed but the decisions made were not disclosed. G7 is a group of highly powerful industrial and democratic countries having huge funds to invest in something. G7 discuss global matters such as energy, security and economic conditions. Last year in December, the market cap went ATH and reached 835 billiion $ which was way above than they evaluated(SDR) which was 291 billion $. SDR is an artificial currency which was made by IMF to support these countries and allocate the funds to overcome their economic issues. They invest in gold, forex and different things and store these assets for the future, since cryptocurrencies reached to their ATH and haunting them they have decided to invest in crypto space but they don’t want to buy at the current price. That is you can see a dump in the market just after the summit you can see in the following chart.
So at what price do they want to buy?
Last year when the bitcoin price was at 5790$, the bull run came and the crypto market went to the moon. Accorinding to me this is the point when we can see theses countries central banks going to invest in the market and we can see a 90 degree spike in the upcoming days. No one knows for sure when this going to happen but you can see the pattern of last year.
So I am in the list of those optimistic people who are anticipating a bull run of 2018 in the coming day and for sure this is going to happen.
We can see more dump in the market but this is the right time to buy !!
i hope i come into millionaires
Surely have trust in you
You will become millionare one day !
It is because of the big players known as whales in this crypto world.
It is because of
The big players known as whales
In this crypto world.
- vashistha
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@aqreal I hope bull run come and give us some profit...lots of people buy BTC when Bitcoin on his All Time High... suddenly they face lots of loss...it's Time to recover when bull run come!!!
Yes... i myself have been in the negative profit but this is crypto you are going to cherish one day and repent another day. I strongly believe we are going to cover all soon. So cherish 😁
Hope so... Please go through my profile once...and guide me!
Be professional and present your article in the best way
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@apreal what you think that when bitcoin will touch its all time high
For sure mate just believe in and HODL... Just leave and forget crypto for now and focus on steemit ;)
@aqreal yes my friend can you give me some idea how i will grow myself in steemit and how my steem power will increase
Just be consistent !
You can also invest some money to get like from whales you will get it return in the future
@aqreal How can i connect with whales and how i can take advantages of that
@Aqreal I think bitcoin fomo not over. Because 5790$ not a strong support maximum chances 4ooo$ to 4500$ strong support pump again . And november 2018 you can see bitcoin 20000 $ again. What you think about my reply. Please reply me. Ok
Buddy the most strong support level of 6000$ has been broken and now you can not expect how much the price dumps now but up to me 5500$ is the next support level and then 5000$ after that crypto will boom!
upvote n follow back and use tag #innp to get unmisss upvote from me
I upvoted you in return to your upvote, hope you follow me too
Let's continue to connect and build a relationships together on Steemit and bring value to eachother!
Helpful in understanding some of short forms , will in reading other articles
Sure go through all my articles you will be amazed
Bitcoin is still up 550% as compared to its price of $1k in the beginning of last year. lets see how it turns out this time. hoping for the best
Yeah I remember people regreting why they sold bitcoin at 1 dollar because bitcoin back then was 8 dollar
Bitcoin is Bitcoin never beat anybody to flying as last year.....this is just a trailer"picture to Abhi baki hai mere dost"
That is our belief boy :)
Waiting fr bull run..!!!
Wait for few more days after that we will praising bitcoin instead of cursing it
Like the title you used for this post, very catchy.
Learn from it and apply this technique. Remember you have to make people read your blog
mey be Billionaire !!!!!!!!!!
There are some who even got into billionaire list buddy :)
trust in it
Trust yourself buddy :)
That would be more profitable
aqreal can you think btc once again can go uprising at the end 2018?
I have firm believe that we see the golden days again my friend
@aqreal This time dude the bitcoin market is seemingly close to running out of gas. remember the tulip mania
Bro every year people say this at the mid of year when crypto sucks the blood out of them but then when crypto go on bull run everybody tries to get on the burning train ;)
Very nice and informative 😍😍
Keep following me and comment you would never get disappointed for sure 😊
@aqreal all because of whales, if the market was not manipulated the market would have been far beyond our thinking.
Yes absolutely but nothing to worry as I discussed they are going to invest back in the crypto space. Have patience
You got a 4.28% upvote from @upme thanks to @aqreal! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
@aqreal Hi I am from MGSC community. I gave you an upvote on your post! Please give me a follow and I will give you a follow in return! Thanks in advance
keep it up...upvoted
upvote me back.
bitcoin bullrun coming soon :D
Yess fasten your seat belt 😅
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i use to say to my friends that 2018 will be the year of cryptocurrency. But now, I am not sure.
Believe my friend believe in technology
All iz well 😁
sweets in your mouth🙂
i have already entered in 7500$ btc price.............so now nothing for invest......
HODL HODL HODL I recommend
@aqreal, New investors always panic when crypto dump and the do panic sale and they trap into investment during bull run. Some investors able to fetch quick profit some goes into loss due to greed. But you are right we can see some more dump in market but right time to buy BTC or any potential crypto coin is now.
Market being manuplated my friend
No neen to worry
Can anybody please tell me that why bitcoin is going down ?
Read my article carefully you will get the answer
right right
Then buy buy buy crypto 😁
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i hope india will not ban crypto and regulate it before 5th july, so people can not get panic sell again and holds its crypto asset for long term and hopefully bitcoin must cross its own highest at the end of this year, keep supporting each other on steemit, thank you
If they do they will drag indian nation backwards :(
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We hope the same, it will rise again.No one had ever thought of its ATL(All time Low) price too. Do you think it will go down more and touch its another ATL value ? beacause no one can predict its ATL/ATH value. @aqreal
According to me it will further go down to 5500$ them boom to the moon
Lets see,what will happen.wehave to wait only
@aqreal Do you rreally think BTC can cross ATH this year again?
I firmly believe just waiting for the institutional funds
Yeah, that's what I am also waiting for.
I VOTED UR POST VOTE FOR ME
sir i bought bitcoin in high price .and now i am in loss but i am holding my bitcoin and i will take profit after that i will sell btc
Right thing to do now
Please upvote and comment : https://steemit.com/mgsc/@technicalsandesh/china-s-top-10-cryptocurrency-according-to-their-government
Surely i will read it and try to comment on it :)
I am also waiting with the hope to reach crypto to give us all a handsome return.
Keep wating and remember never lose hopes
nice article
Thanks
Do you think bitcoin mining can still be a viable option considering the high prices of devices and equipments
Tbh i don’t like mining beacause of high electricity price
@aqreal i going in loss but still have faith in crypto , i upvoted you i think you do same
Having faith is the key you will suceed
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