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Title: Indian crypto exchanges see 10x volume during lock down Post by: avikz on May 06, 2020, 12:57:42 PM The article says,
Quote India’s cryptocurrency sector is booming during the extended nationwide lockdown. Several Indian cryptocurrency exchange executives have shared with news.Bitcoin.com their record-breaking stats, bullish trends, and positive sentiment despite the coronavirus-driven lockdown. News ref: https://news.bitcoin.com/indian-crypto-boom/ At least some positive thing to hear during this lock down and utterly frustrating situations. Title: Re: Indian crypto exchanges see 10x volume during lock down Post by: eaLiTy on May 07, 2020, 11:05:19 PM At least some positive thing to hear during this lock down and utterly frustrating situations. The halving is approaching and the exchanges have opened after the supreme court order and with literally nothing else to do people will start exploring new opportunities and i am sure it has a correlation with the price of BTCitcoin having a sudden increase in valuation over 20% in the past weeks, so it is a combination of things and once the rally starts i am expecting the volume to continue moving up.Title: Re: Indian crypto exchanges see 10x volume during lock down Post by: avikz on May 10, 2020, 04:40:55 PM At least some positive thing to hear during this lock down and utterly frustrating situations. The halving is approaching and the exchanges have opened after the supreme court order and with literally nothing else to do people will start exploring new opportunities and i am sure it has a correlation with the price of BTCitcoin having a sudden increase in valuation over 20% in the past weeks, so it is a combination of things and once the rally starts i am expecting the volume to continue moving up.Unfortunately the rally didn't continue and bitcoin is now down by 22% from the peak it had reached after a long time. But it is really great to see that Indians a re taking bitcoins seriously and pouring their money into it. That's really a positive sign after all the fights we had with the banking system. The halving indeed helped to generate mass interest among the mass. Just see the below search term in Google Trends, https://trends.google.com/trends/explore?date=today%201-m&geo=IN&q=bitcoin%20halving Hope it continues the same way! Title: Re: Indian crypto exchanges see 10x volume during lock down Post by: eaLiTy on May 10, 2020, 05:10:50 PM ~snip It is good to see that the market was able to breach the $10k multiple times during this push but was not able to sustain much longer and i was eagerly waiting whether the resistance could be broken and made a stop loss order at $10k as i expected the market to have a small correction if the resistance is not broken but did not expect 22%. Unfortunately the rally didn't continue and bitcoin is now down by 22% from the peak it had reached after a long time. But it is really great to see that Indians a re taking bitcoins seriously and pouring their money into it. That's really a positive sign after all the fights we had with the banking system. The halving indeed helped to generate mass interest among the mass. Just see the below search term in Google Trends, People love to cash in the opportunity and it is not surprising that the searches peaked by April end, they get in before the rally and get out after that and that is the usual trend i see from past experiences. |