Here's news of a bull market from my articles on bitcoin 10 yr history all linked below :
1).CME Group (CME) launches option trading on its Bitcoin futures contracts. The next day, Bitcoin soars about 9% in excitement.
2).On March 12, it plummeted from about $8,000 to under $5,000 in a single day, losing 39% of its value. Investors flocked to cash as market liquidity froze. Surprisingly, Bitcoin traders immediately returned to the game — by May, the price had risen to pre-pandemic levels, supported by a large Fed stimulus package and 0% interest rates.
3).Bitcoin is on a tear right now. Since the end of March, the currency has risen by 34%, approaching $9,500 on April 30 and ended the month at $8,627.32. It's blasting back up to $10,000 — but why?Well, partly because it was on a tear before the pandemic, and it's only now going back on track as investors regain confidence (and equities markets make an unexpectedly robust comeback).
4).Ethereum has surpassed Bitcoin as the network with the highest daily value settlements, thanks to a boost from the DeFi campaign.
5).Everything shifts all of a sudden.PayPal is launching a new service on October 21 that will allow its 346 million consumers to buy, hold, and sell cryptocurrencies straight from their PayPal accounts.
but what about bear market:
1).On February 1st, China outright bans all Bitcoin trade and shuts down all mining operations, resulting in a significant price drop. Bitcoin's value plummets by about 40%, from over $10,000 at the end of January to $6,914 on February 5th.
2).Prices sink 3.60% after Twitter announces a ban on crypto adverts.Joining tech giants Google and Facebook, Twitter announced that it would ban advertising for cryptocurrencies in an effort to protect investors from fraud. Prices lost over 10% on January 30 after Facebook banned all crypto ads to prevent the spread of financial products and services “frequently associated with misleading or deceptive promotional practices.” It lost another 10% when Google followed suit on March 14
3). In what was dubbed "Operation Crypto-Sweep," the US and Canadian governments revealed substantial intentions to crack down on crypto investment schemes.At least 70 investigations were already underway, adding to the SEC's efforts to prosecute a slew of Bitcoin operators for fraud. The movement began a downward spiral that lasted far into June.
4).In reality, cryptocurrencies throughout general had a bad month, losing around 70% of their value in the month. It sparked concerns about the mental health of all the traders and investors who were losing money by the bucket load as the markets went into meltdown mode, with claims of rising despair and suicides.
CONCLUSION:
Don't be caught in the wrong cycle. "Bulls make money, bears make money, pigs get slaughtered" is an old investment industry saying that warns against being excessively greedy. Since pigs typically eat a lot, the term "pigs get slaughtered" is a metaphor that describes those who assume too much risk in an attempt to quickly generate large short-term returns.
1).CME Group (CME) launches option trading on its Bitcoin futures contracts. The next day, Bitcoin soars about 9% in excitement.
2).On March 12, it plummeted from about $8,000 to under $5,000 in a single day, losing 39% of its value. Investors flocked to cash as market liquidity froze. Surprisingly, Bitcoin traders immediately returned to the game — by May, the price had risen to pre-pandemic levels, supported by a large Fed stimulus package and 0% interest rates.
3).Bitcoin is on a tear right now. Since the end of March, the currency has risen by 34%, approaching $9,500 on April 30 and ended the month at $8,627.32. It's blasting back up to $10,000 — but why?Well, partly because it was on a tear before the pandemic, and it's only now going back on track as investors regain confidence (and equities markets make an unexpectedly robust comeback).
4).Ethereum has surpassed Bitcoin as the network with the highest daily value settlements, thanks to a boost from the DeFi campaign.
5).Everything shifts all of a sudden.PayPal is launching a new service on October 21 that will allow its 346 million consumers to buy, hold, and sell cryptocurrencies straight from their PayPal accounts.
but what about bear market:
1).On February 1st, China outright bans all Bitcoin trade and shuts down all mining operations, resulting in a significant price drop. Bitcoin's value plummets by about 40%, from over $10,000 at the end of January to $6,914 on February 5th.
2).Prices sink 3.60% after Twitter announces a ban on crypto adverts.Joining tech giants Google and Facebook, Twitter announced that it would ban advertising for cryptocurrencies in an effort to protect investors from fraud. Prices lost over 10% on January 30 after Facebook banned all crypto ads to prevent the spread of financial products and services “frequently associated with misleading or deceptive promotional practices.” It lost another 10% when Google followed suit on March 14
3). In what was dubbed "Operation Crypto-Sweep," the US and Canadian governments revealed substantial intentions to crack down on crypto investment schemes.At least 70 investigations were already underway, adding to the SEC's efforts to prosecute a slew of Bitcoin operators for fraud. The movement began a downward spiral that lasted far into June.
4).In reality, cryptocurrencies throughout general had a bad month, losing around 70% of their value in the month. It sparked concerns about the mental health of all the traders and investors who were losing money by the bucket load as the markets went into meltdown mode, with claims of rising despair and suicides.
CONCLUSION:
Don't be caught in the wrong cycle. "Bulls make money, bears make money, pigs get slaughtered" is an old investment industry saying that warns against being excessively greedy. Since pigs typically eat a lot, the term "pigs get slaughtered" is a metaphor that describes those who assume too much risk in an attempt to quickly generate large short-term returns.
Trade active:
I think something catastrophic is about to happen. I don't know what or when, but in the next couple of weeks.
Comment:
or days
