RocketBomb

Today we live in the history book!

BITSTAMP:BTCUSD   Bitcoin
Hello, dear friends!

Glad to see you and welcome on my page!

Almost 4 months of total horror! It's impossible find words to describe what range of feelings I experienced during this time: from animal fear to accepting flying projectiles over my head!

I disappeared not only from the public space, I disappeared for myself. Therefore, I apologize to those to whom I did not answer, who were so worried about me and my family!


Let's talk about Bitcoin and what's in store for it in the near future.

Bitcoin - the world's largest and most trusted cryptocurrency - hit its highest level in over a year and a half at less than $20,000 on Saturday. At one point, it traded for $18,000, down 59%. Only in the last 7 days has fallen 25%.


The fall of the market is caused maybe by the Celsius froze the assets of depositors and banned the transfer of cryptocurrencies between accounts.

An additional blow was the announcement by a number of cryptocurrency companies, such as Coinbase Global Inc, Gemini and Blockfi, that they were laying off thousands of employees as investors actively divest themselves of risky assets.

And the saddest thing for investors is that the situation does not promise to improve anytime soon.

Why now?

I think that it is not only about cryptocurrency, but also about the global situation in general. We are witnessing a global economic downturn caused by the long months of the pandemic, and now also by the war in Ukraine. Inflation is rising, interest rates are rising, living standards are falling all over the world.

As a result, large investors are no longer so freely dispose of their funds, and many ordinary investors have nothing to invest at all. And even if it were, who would want to take risks with such unpredictable assets as cryptocurrency, which is not protected in any way and is not regulated by financial authorities.

Two lesser-known cryptocurrencies - TerraUSD and Terra Luna - that collapsed in May also did not add confidence to the cryptocurrency market, and investors began to get rid of their cryptocurrency assets. In accordance with the domino effect, the faster the cryptocurrency sold, the more it lost in value. This fully affected bitcoin, which, unlike traditional assets like real estate or an established business, is not backed by any material values.

However, there is a good news for Us. (ha-ha)

What do you think about it? Share Your view in the comments!

Thank you for attention
Always sincere with You
Rocket Bomb🚀💣


Write me if You need my support or wanna trade together 👉🏻
Join me in👇🏻:
🚀💣 t.me/+aAADzO1OqsQ2MGI0

💰 I'm using Bybit and I highly recommend it to You. By using my link - You'll get a nice bonus
www.bybit.com/invite?ref=7X0W2A
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.