Bitcoin has at last touched 10k target but it has achieved it in lesser time than expected Year 2020.
So following this up-trend many are happy especially for those who have been invested in it from those days when it was hovering around 1000$ a year ago and rose up by 900%+ within a year. It is still a profitable investment for those who instead of having stable increase like the gold or the land.
But due its virtual nature many have been hesitant too but they also are investing in it. So everything above is good, then what is bad about it.
Whoever has been involved into trading knows this, that trading always is driving by emotions and memories as one of their features apart from the market cap, no. of investors and all.
But due its virtual nature many have been hesitant too but they also are investing in it. So everything above is good, then what is bad about it.
Whoever has been involved into trading knows this, that trading always is driving by emotions and memories as one of their features apart from the market cap, no. of investors and all.
To understand that lets look at this chart from the Year 2013
https://i.imgur.com/eUnQKPR.png
And then look at the chart from the year 2019
https://i.imgur.com/XR3QnAY.png
Ignore the small ups and downs in the year 2019 which obviously is because of many other factors but the chart growth is nearly the same.
So what is bad now.
Now lets look at the chart of 2013 that later to the highest growth it received.
https://i.imgur.com/Qfvv0O4.png
This followed a serious down-trend as many have been dropping there balls to buy low. Will this again happen.??
Will the prices drop to 30 % or 50 % or more. Lets us watch together and see.
Until then Hail Bitcoin!!!
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