Condition of Bitcoin

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1 year ago

Bitcoin is considered as master coin in the cryptocurrency market because all the coins follow the same trend in which Bitcoin is flowing. Bitcoin was making history from day one when it launched. All though we can say that there is no match to Bitcoin.

Sadly from previous days the market is facing so much tension if we talk about the initial days the market start decreasing from its main point and it covers the journey till now.

First luna crashed

First Luna crashed so badly that it depressed so many people all over the world who were investing in Luna coin. People were investing in lunar coin because they were thinking that it's price will rise so much but the crash of Luna was so much sudden it not give time to settle down. After it the impression of Luna become bad and many people were not ready to invest any more in the market.

Then Bitcoin:

After Luna crashed, Bitcoin market is taking up so much jerk. if we take analysis of this year, then one can easily say that Bitcoin did not work well in this year. It gives us so much panic attack specially to those who were new to market and were investing for the first time. Obviously the people who were trying their luck in the market for many years are trained to such attack and they know the right time and also right place to invest so they sometime get tension in head for market. They think that both loss and profit are the main things of the business and trade.

Believe me I am not even trading I am just earning through different platforms like read cash and noise cash and after observing the situation of market I also become worried. I have seen the market on its peek value and now it is touching ground of it which is very sad for all of us. It's price is fluctuating around 21000 dollars and ethereum is following the same trend and touching 11000.

Is it difficult to predict ?

Yes we can say that this is the time when it becomes difficult to make any prediction about the cryptocurrency market because it is very uncertain and no one predict that what is going to happen in the next moment. I must see that we should not keep our ear on false news if you are investing then you should just believe on yourself that what you are doing is good and will bring good things for you. If you are not then it is okay it is all upto you. I am also listening from many sites that Bitcoin will decrease to its ground and then after it will rise again. May be you also have listen or may read a news about price of Bitcoin would be round about ten thousand. It may be decrease more but uncertainty is there. No one knows. Bitcoin market is so different from other market that it can arise and one time and maybe in few minutes it can dump back so no one really predict well you can make guess by the graph analysis and by using other techniques on which you have grip because Bitcoin is not controlled by any authority it is decentralized system.

Bitcoin cash :

The main thing which really a cause of my tension is only the Bitcoin cash because all the amount which I received from read cash and noise cash is in the form of Bitcoin cash so when it decreases I really got fear that I earned all these dollars with is so much afford by writing for so many hours and spending much time in research because when is you do work hard and your be of work hard is less than at that time there would be regret. Maybe many of you can feel my pain that with situation I am going right now. If I talk about my friend he was actually investing in Bitcoin and believe me that he is facing so much tension because all the expenses of his house become a burden on him and he was only depending upon the market but now he is in tension but I advised him not to worry about these things and told him that good days are just waiting.

Conclusion

I search on Google there I found that the decreasing prices of Bitcoin and the whole mark it are due to the inflation in America and in other countries so hope so that market will bring a wave of happiness for all of the investors and for all of the traders

Best of luck to all of us

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1 year ago

Comments

It's really painful to wake up every day and been seeing the daily decrease in wallet. I'm not a pro in cryptos but like they always say, we should keep hope alive for a greener days

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1 year ago

It will do it friend, believe me that when you least expect it we will see a lot of green in the markets, it is just bad weather, after the storm comes the calm

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1 year ago