Some important information about Bitcoin and the current state of Bitcoin

[GoodLuckHK]

Bitcoin is the most popular and best coin in cryptocurrency. The importance of Bitcoin in maintaining cryptocurrency is immense. Because in Bitcoin, the value of the token depends on the other coins. But since 2020, the condition of Bitcoin has been getting better.
Since 2020, Bitcoin's position has improved and is in a much better position. In 2021, the Bitcoin situation further improved, touching the highest level but not staying there for long, deteriorating and declining again. From here, the condition of the market place is getting worse again.
In 2021 there is a detailed discussion of Bitcoin on Bitcointalk.org site where I see many people talking about Bitcoin. Do or will not exceed one hundred thousand by the end of 2021. Then I replied to their post to find out how they said it was possible considering the state of the market.
But now at the present time I was promised to see something new in the new year but without seeing that I have to see something opposite. It is very sad to imagine that this will be the case in the new year 2022. I want to know the reason why Bitcoin is such a valuable coin. What is the reason for the market situation? Bitcoin prices are expected to fall further at this time?
This is because the price of Bitcoin has been falling for a short period of time, causing a lot of losses.
If this situation can be overcome, it can be said that the position of Bitcoin is much more likely to move forward.

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[Upgrade00]

Because in Bitcoin, the value of the token depends on the other coins. But since 2020, the condition of Bitcoin has been getting better.

It is actually the other way around. Most of the time, other coins tend to follow the price actions of bitcoin.

In 2021, the Bitcoin situation further improved, touching the highest level but not staying there for long, deteriorating and declining again.

You would not expect it to last for long at the peak price, it actually stayed up in the high range, above $60k for a while showing it was not just a pump up and a dump back down.

I want to know the reason why Bitcoin is such a valuable coin. What is the reason for the market situation? Bitcoin prices are expected to fall further at this time?

• Bitcoin is valuable because of the features it has, it is decentralized, immutable, secure and borderless,
• Market sentiments,
• Possibly, or not.

[Jating]

Bitcoin is the most popular and best coin in cryptocurrency. The importance of Bitcoin in maintaining cryptocurrency is immense. Because in Bitcoin, the value of the token depends on the other coins. But since 2020, the condition of Bitcoin has been getting better.

Maybe you are talking about when the price goes down hard because of the effect of Covid-19?
Yeah, that seems to be the case as obviously, we have reach new all time high already around $68k.

But we have to understand that we have too kind of market here, once is bull run or being bullish and the other is bearish. And it looks like as the majority here believed that we are in a bearish phase right now. Meaning the market will turn into red, and we may not like what we are seeing as the price will going down. So it will be hard to be an investors or trader. But if you are in for a long haul then you shouldn't be afraid of a bear market but learn how to embrace it.