I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.
What you think this coming month (March) will bring?
i strongly believe the bear season starts in march after every bull has come around the previous year. the q2 of the next year after the bull has started is always the bearish season and i will advice people to brace upfor the impact. |
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hacks of btc is not seasonal or regional but with respect to the focus of the hacker, it happens on daily basis if i was to opinionate bt barely a few people come out to say that it has been hacjed as thye know not an laternatiive way to get it back. all should be careful ewith their assets.
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It is a temporary statement, the aim of bitcoin is to eliminate cetralized systemm and this is the major function of the bank as it is being run by the government which is in turn a centralised agency. Gradually, Bitcoin has gained traction and still will gain more until it will then be used as a means of daily transaction amongst people as it already has the enablement for peer to peer systems.
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The major risk in crypto business for me is lacking informtion. You see, the volatility in the space ahs brought about the need for people to be kept abreast with the latest occurences and events as it concerns their portfolios and timeline of roadmaps. If you hold a bag of a particualr project and refuse to keep updates of that project, you might wake up one day only to find out that the roject has migrted to another possible chain thereby leaving you out(that is an automatic burnn on your tokesn and in turn lost money as an investor). you actually will not hold anyone accountable as there is every tendency that announcements were made and enough time was givento remdedy or act on whatever information was disbursed.
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i really do not think that the opinions of individuals with insufficient information have any influence on the practical usage of bitcoin. It already is serving its course and should be seen as a day to day currency that will oon gian mass adoption and possibly eliminate fiat in the near future.
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I have been in the crypto space long enough to understand that the technical analysis is applicable to all trading activities but more than the technical analysis is the fundamental analysis that will tell you a tale of surprises when the global events and occurrences play out. With the likes of Grayscale and Microstrategy playing out in this space, reducing the available floating circulation of bitcoin and converting a significant amount of their financial balance sheet to Bitcoin, there is no doubt that the price of bitcoin might not play by the rules of technical analysis.The bulls are in the market and they didn't come to play games with their reserves as bitcoin has also been known as a store of value and not just a just a medium of exchange. According to the analysis, Bitcoin is in the Accelerated Uptrend Channel, $68,700 will be the Top in short term. The recent ATH can be considered as at center, then we use the Fibonacci indicator to divide the upper and lower part of the rising channel. Based on the former highest point, we can predict that the Bitcoin price will retrace back to 38% Fib level, which is the starting point of this bull market.  From the above charts, we can notice that before Bitcoin surged to $68,700, there will still be 2/3 of the time that it is trading within the “buy zone”. In the short term, as the uptrend channel converges, the rising pace will accelerate. Then, a massive price correction will follow. However, Bitcoin may break above $100,000 in the relatively long run. If BTC did plummet back to $20,000, then climb to hit $100,000, we will see asymmetry between the peaks. |
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I have observed the trend of the previous bullish season. It got bullish during the last quarter of 2017 through the first quarter of 2018 and then we saw the bears playing hard in the space. I am also seeing similar traits here, the bullish season started in the last quarter of 2020 and its the first quarter of 2021 and its behaving siimilar to the previous. I am not expecting the price to crash to the same amount it crashed to, the last season but am expecting at least a crash to 39K as a correction before we see the bulls overrun the market. we have seen some little dips in the past few days and its a big concern which many have said we should brace up for dips. currently the price is bouncing off the 44k region which can mean we might go up a little. looking at the chart i see 42-42k region as a strong support but if we close below this region then we might be in for a long to the 30k region. such is how market behaves so anyone who is happy about moon should also be expecting the dip. please give your views about the current market situations in terms of being bullish or bearish.
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I think people are free to think whatever it is they decide to focus their energy on. Bitcoin being an alternative to regular fiat does not erase the existence of fiat (at least not immediately) as there is still financial institutions that deal with fiat rather than crypto. The idea of debating the structure of bitcoin as a pyramid scheme has no use at all. If people do not want to take advantage of the technology now, they still will in the nea future so why try to convince them. They have social media and other news media to consult in order to gather enough convincing facts.
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Proof of Authentication Week#4 (1.03.2021 - 7.03.2021) Campaign Joined : Signature, Article. Bitcointalk username and Profile Link : jerrison https://bitcointalk.org/index.php?action=profile;u=1013741Signature Spreadsheet# : 8 Article spreadsheet#: GNEISS E-Vault Eth Address : 0x092659c888be52b4fc3dc69a01a470a6f34b3c36 |
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The global adoption of bitcoin is still at its infact stage campaigns to create awareness are yet to be unveiled as no regulated institution has been vested the responsibility to sponsor the campaign sanctions from different financial institutions from different countries are also reasons why its yet to gain massive adoption
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Scalping is best to increase the volume of bitcoin and also increase the chance of profit making if the chance increases but for holding the price of the bitcoin either increase or decreases but the volume of bitcoin remains the same
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The biggest disadvantage of bitcoin is its volatility its a YO-YO it exist in a volatile market which susceptible to losses the losses can be incured when the prices plunges or drops when market forces comes to play and the HOLDER has no infulence over the prices it becomes a disadvantage
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It depends on the category of persons, some people do spend their bitcoin cause they bought it to make transactions for financial purposes or reasons due the present situation but investors do not spend bitcoin no matter the situaion.
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I feel both could be trusted, in as much as its easy to access the bank and get atteneded to almost immediately. bitcoin functions on a decentralized platform which makes it easier its a p2p transaction no third party needed you control your assest therefore not needing any costumer care services.
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