Bitcoin is far from being an asset or anything of that kind, the prices moves from the bigger market movers who like to manipulate prices to a point that there are little to no explanations to the price movements.
Although 99% of people think they have figured out Bitcoin and its movements, they haven't. This currency is now used for manipulating newer adopters of the currency into believing it is "The future of currency" or something stupid like that.
Many people come from YouTube or some other platform where they are told lies about the future of the currency to a point they decide to "Invest" and they come into the currency with an approach that it is going to hit $10 million or something stupid along those lines.
They spend a lot of their time watching the price fluctuate up.. down... up.. down. To a point that they only really pay attention to the main winners. +10%. -15%. +20% etc etc.
These people get so addicted to this currency and think only because they see all of these profits a lot of the time then they think that this will continue to the future.
They might put another $1000 into it.
After maybe a year of watching their money move up and down they might get into other alt coins and please don't get me started on this ... lol
Alt-coins are not the future unless it is made by a governing body.
They might even get into some deep TA, I have even seen people predict the future of bitcoin on the formation of stars over time. THE FORMATION OF STARS!?! HOW STUPID ARE YOU?
Sadly, although the whole cryptocurrency scene is mainly fuelled by people who are manipulated to think it is going to $10 million next year. It still will have a future. The adoption of bitcoin has increased over the past years but I don't expect it to grow a massive amount more in the commercial world.
People have adopted it for payment methods but this isn't something that will change the world or really move the price.
There are some people who use it for illegal activities and to stay anonymous and I think this is where a lot of volume comes which makes it even harder to predict future prices.
No doubt the currency will be at less than $2500 in 2022.
Please do not believe the lies that they tell you.
Thank you, I hope you enjoyed me ranting on about this topic aha.
Although 99% of people think they have figured out Bitcoin and its movements, they haven't. This currency is now used for manipulating newer adopters of the currency into believing it is "The future of currency" or something stupid like that.
Many people come from YouTube or some other platform where they are told lies about the future of the currency to a point they decide to "Invest" and they come into the currency with an approach that it is going to hit $10 million or something stupid along those lines.
They spend a lot of their time watching the price fluctuate up.. down... up.. down. To a point that they only really pay attention to the main winners. +10%. -15%. +20% etc etc.
These people get so addicted to this currency and think only because they see all of these profits a lot of the time then they think that this will continue to the future.
They might put another $1000 into it.
After maybe a year of watching their money move up and down they might get into other alt coins and please don't get me started on this ... lol
Alt-coins are not the future unless it is made by a governing body.
They might even get into some deep TA, I have even seen people predict the future of bitcoin on the formation of stars over time. THE FORMATION OF STARS!?! HOW STUPID ARE YOU?
Sadly, although the whole cryptocurrency scene is mainly fuelled by people who are manipulated to think it is going to $10 million next year. It still will have a future. The adoption of bitcoin has increased over the past years but I don't expect it to grow a massive amount more in the commercial world.
People have adopted it for payment methods but this isn't something that will change the world or really move the price.
There are some people who use it for illegal activities and to stay anonymous and I think this is where a lot of volume comes which makes it even harder to predict future prices.
No doubt the currency will be at less than $2500 in 2022.
Please do not believe the lies that they tell you.
Thank you, I hope you enjoyed me ranting on about this topic aha.
Comment:
Anyways...