Join 96,111 users already on read.cash

Bitcoin market and world biggest hackers

4 46
Avatar for Tahaintazar
Written by   94
3 months ago

From past few days the prices of Bitcoin are fluctuating so much that it is creating panic between the investors and the traders. Bitcoin has decrease down from 41000 to 38000 dollars which is considered to be the sport level of the Bitcoin if we go back 4 month back then Bitcoin crashed to 37000 dollars but at that time it rises again and the thing is happening right now . If we observe the prices of ethereum dump almost 4.66% Bitcoin also crashed so much if we observe the market fear then market is on extreme fear and the sentiments of people are really hurting towards Bitcoin. Almost all the art points are dumping graph technical analysis was depicting that it will go up but it goes down.

Good news for investors:

This is not the personal advice to invest in the crypto market right now but I just want to say that whenever the market is going into the panic it is a good time for entry for buyer. Because during this time most of the user most of the traders who are unaware of the crypto market fluctuations they sell their Bitcoin at low prices are though they have buy then at high prices but the cell just they want to finish their panic . So we can say that this is the time when investors should enter the crypto market. Also this time the prices are low and on the right side of Bitcoin the Bitcoin cash is also decreasing so much down and it is about 300 dollars. So one can invest in Bitcoin cash.

  • I personally don't think that market will goes down more from this stage because that is the spporting level of Bitcoin and if we go through the hole analysis of the graph then we got to know that it is good to hold the Bitcoin rather than sale the Bitcoin.

  • There are the chances that Bitcoin price keep on fluctuating in between 40000 dollars it is the assumption just it can also fluctuates in between 38000 to 42000 but the average value would be 40000$ . This is the graph which was shown by the Bitcoin wallet .

  • It is clearly mentioning that sport level would be 37 to 38000 while the current price is 38912$ and the resistance level would be 38000 to 40000 dollars. As the crypto market always remain in fluctuations so it is risky to work here the people who can bear both condition of going up and descending down should be here on Bitcoin and should enjoy the life in a climax mode but it always depends upon taking risk and no men can said the real value of Bitcoin in the next moment because everyone has no clue but there was that signal which one have to crack and following those signals one can reach the level where he can say something about Bitcoin and he can invest.

First African country to accept the Bitcoin as legal tender

The Central African Republic Country has become the second country in world and first among African countries to accept the Bitcoin payment method and has accepted it legal to invest and buy all over the country . When survey has taken about the step of prime minister of this country seventy percent people were talking in favour of their prime minister .Although there economy is raising slowly but it would be beneficial for them in long term period in which they will make progress. This step give financial freedom to the people of country as they are free to invest , buy and sell and in this way their stock exchange will move towards prosperity . After observing the step of this country also so many countries will take part in this race and may be in following days one more news came about legalization of Bitcoin and other cryptocurrencies.

World biggest hackers and Ronin token:-

There was a group of North Korean hackers who hacked the system of Ronin token and after hacking so much prices they wanted to withdraw money from different sources and the company of Axieinfinity is taking step ahead and investigating about the group. The company is monitoring all the suspicious assets from last days. From the news, it is stated that almost 6 million dollars are stolen from just binance and binance has banned those account in which it observe any uncertainty. After this step of binance the Axieinfinity has appreciated the step of binance .

This is considered to be the biggest hack in crypto market and people are so much depressed who have invested so much into Axieinfinity and curios about any recent report regarding their assets.From last year people has invested so much in Axieinfinity .

Steps which Axieinfinity should follow :

Why this hacking incident has happened ? Because firstly they wanted to centralized this token and their whole system and secondly they have not listed the Ronin token .listing of any token in online wallets always bumps the prices of the token and coin and people show more interest to invest and buying the token. After this scenario so many investors has blown up the twitter obviously the small level investors will also talk. May be Ronin token staking will open under pressure . By the way Axieinfinity is considered to be the most popular play to earn game. It has unique system as it has its own block chain and it is the most playing game.Sky magnet is the project of ronin token and in future it will remain not limited to just ronin token and chain it will spread it's branches . Axieinfinity is such a good platform though in current situation it is facing some problems and it prices may decreases but once they gripped over their economy and if they improve their SLP burning mechanism . Axieinfinity proved to be one of the best project in long term period.

Metaverse is getting popular:

Last year was the trend of NFT and play to earn games but now the metaverse projects are getting popular. Maybe in future so many political events can be organized in these projects of metaverse the most popular project of meta verse is sandbox which has created his hype already in the market and it will flourish .

AKU verse project:

This is the new project of metaverse and it is devasting because there were bugs in the system and due to those bags they have lose their 34 million dollars and their funds has stuck they could not with draw their assets. Although the team is working but failed after so many attempts to receive back the money. This is bad news for metaverse and also it will loose the trust of people over different projects of metaverse also metaverse has created so much hype in recent times and people are showing their interest to invest in the metaverse but it may decrease the popularity graph of metaverse but also it was their start and hope they will make modification .

End Note:

In my today article I discussed different things regarding Bitcoin and different cryptocurrencies I hope it would be fruitful for you to read this whole article and I wanna tank to all of you to giving time to my article I hope you are understand the meaning of what I want to convey. Spread positivity & all love from my side

Sponsors of Tahaintazar
empty
empty
empty

I want to thank my all sponsors ❤️till next article bye bye.

9
$ 1.33
$ 1.22 from @TheRandomRewarder
$ 0.04 from @King_Gozie
$ 0.02 from @Talecharm
+ 4
Avatar for Tahaintazar
Written by   94
3 months ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

The market of bitcoin will move to 52000 in between 2 months. Its my prediction.

$ 0.00
3 months ago

Okay let's see what happens

$ 0.00
3 months ago

I literally thought that whenever the Market is going, it's not safe to buy any asset.

$ 0.00
3 months ago

Yes this time is not safe

$ 0.00
3 months ago