Knowing the cause is important. Analyzing logically is everything. Let's review the price movement.
âś…PREVIOUSLY ON Bitcoin In last April after 64899, we had the crash.
At that moment, many people were like cryptocurrencies were dead because of China, we can't expect cryptocurrencies anymore, we got scammed, blah blah blah. But the price comes back to 64899 after all, which tells us we really shouldn't care about others and news but just look at the chart, believe your own analysis.
Once you look different, it was just a correction. We just needed to wait and keep patient to recognize the beginning of the next impulse.
When you wanna be bullish, you must be bullish as low as possible. Vise versa. Keeping patient is basic.
Now that it's too late to be bullish. We needed to be bullish around 30,000 and 40,000.
Analyzing logically is really interesting and it can change your life, not only your trading.
đź’ˇThe absolute principle for tradingđź’ˇ BUY - as low as possible SELL - as high as possible
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80.5% of bitcoin in circulation is in diamond hands. So when you only have 19.5% of 18,780,000 bitcoin being traded...what do you expect to happen. There is 3,192,600 bitcoin left to mine between now and 2030. That will be 97% of BTC that can be mined. The remainder 3% will come to market between 2030 and 2140.
That is how Bitcoin is set up. Unlike the US$ that keeps being printed and printed. By the time BTC reaches 2030, The US National Debt will be close to 40 TRILLION DOLLARS . (28.8 TRILLION now and growing by an average of 32 BILLION a week. ) PRINT more dollars and what you could buy for less than 3 cents in 1932 costs 1.00 today. CALLED INFLATION .
IF the US $ can survive until 2030, I expect the National Debt to even exceed 40 TRILLION. Will the US$ last much past 2033 without being devalued? In 1933 the US dollar became backed by gold and went off the gold standard. The dollar was backed by gold until early 1970 when it was removed.. And the printing presses started in full motion. 19 minutes ago Comment: It is very simple. Millennials may be smarter than us old traders think. Oct 7 Comment: 17 BILLION was put into BTC the first half of the year. Last quarter of this year will shock many bears that do not understand what is happening.
80.5% of bitcoin in circulation is in diamond hands. So when you only have 19.5% of 18,780,000 bitcoin being traded...what do you expect to happen. There is 3,192,600 bitcoin left to mine between now and 2030. That will be 97% of BTC that can be mined. The remainder 3% will come to market between 2030 and 2140.
That is how Bitcoin is set up. Unlike the US$ that keeps being printed and printed. By the time BTC reaches 2030, The US National Debt will be close to 40 TRILLION DOLLARS . (28.8 TRILLION now and growing by an average of 32 BILLION a week. ) PRINT more dollars and what you could buy for less than 3 cents in 1932 costs 1.00 today. CALLED INFLATION .
IF the US $ can survive until 2030, I expect the National Debt to even exceed 40 TRILLION. Will the US$ last much past 2033 without being devalued? In 1933 the US dollar became backed by gold and went off the gold standard. The dollar was backed by gold until early 1970 when it was removed.. And the printing presses started in full motion.
19 minutes ago
Comment: It is very simple. Millennials may be smarter than us old traders think.
Oct 7
Comment: 17 BILLION was put into BTC the first half of the year. Last quarter of this year will shock many bears that do not understand what is happening.