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Why can you only view Bitcoin market trends (Why are Bitcoin market trends different)?

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Why can you only view Bitcoin market trends? Why can you only view Bitcoin mark

Why can you only view Bitcoin market trends (Why are Bitcoin market trends different)?

Why can you only view Bitcoin market trends? Why can you only view Bitcoin market trends?

Many people say: because you need to know more about digital currency information in your investment and have a certain risk tolerance. So how should you avoid these? Let Xingqiu Jun (ID: o-daily) and everyone analyze it together:

1. How big is the fluctuation in Bitcoin prices?

2. Do you have to consider the appropriate price if you want to buy Bitcoin?

3. If you want to sell, should you pay attention to whether the market is favorable?

4. For spot investors, you need to manage your own mentality well and not be affected by market manipulation or losses caused by emotions.

5. When there is a large number of trapped positions in the market, we must learn to control our positions!

6. If you want to hold for the long term, it is best to choose mainstream coins, but do not chase highs!

Why are Bitcoin market trends different?

The recent trend of Bitcoin prices is very different from the past, and the market trends from April 17 to May 21 have shown significant ups and downs.

In the entire market, many investors feel confused, doubtful, and uneasy about various price fluctuations. This is actually due to the fact that the various currencies themselves have not changed much, so they often experience relatively large fluctuations. However, in fact, with the development and improvement of their own technical characteristics over time, as well as the development of the market situation, these factors will gradually become a phenomenon: Bitcoin market trends are different.

Why do every Bitcoin sudden wealth or bull market makes everyone so excited? The main reason is that Bitcoin has not yet been adopted or recognized by traditional investment institutions as a means of value storage. But this does not mean that all cryptocurrencies should be considered as asset classes. For example, Ethereum and other cryptocurrencies, the more important question is whether those who used to be enthusiastic about using blockchain technology will pay more attention to it because of Bitcoin’s “boredom”?

First of all, it needs to be clear that when people invest in the cryptocurrency industry, it will have a huge impact, and the total circulation of the cryptocurrency market is only about 21 million, which means that there are already a large number of such cryptocurrencies in the market. If this total can reach 300 billion, it indicates that the demand for cryptocurrencies worldwide is increasing. Once it enters the market, the demand becomes stronger and the liquidity becomes higher, which also means an increase in market supply.

Secondly, the reason why most people call cryptocurrencies financial commodities is also an important reason. Therefore, the conclusion we can draw is that regardless of the form, everyone hopes that their holdings of Bitcoin can be reduced by more than half. However, it should be known that Bitcoin is just one of the tools, and not all traders are looking for alternative methods to purchase it.

In addition, some analysts believe that there are certain problems in the market of cryptocurrencies (including exchange systems, miner fees, etc.), and they say, “Now it is still in the early stage, many altcoins have started to lose their attractiveness.” So, what is the role of these so-called “mainstream” cryptocurrencies? The answer is simple:

1. The rise of Bitcoin is driven by other cryptocurrencies, not Bitcoin itself. In other words, Bitcoin is the currency paid to other countries, not the United States dollar.

2. “Gold and silver.” This statement is obviously incorrect because its essence is to solve the supply and demand relationship, not to achieve deflationary goals;

3. “Gold has more potential than BTC, and in the coming years, even more companies will turn their attention to Bitcoin.”

Of course, many analysts have also pointed out another layer of meaning for Bitcoin: acquiring Bitcoin by issuing legal tender. In fact, Bitcoin is based on the Bitcoin network, which is developed and created by the country as a decentralized electronic cash. How does Bitcoin work?

First, …

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