BITCOIN NEXT MOVE AFTER KAZAKSTAN POWER SLUMPS ISSUE RESOLVE: ACCUMULATE BITCOIN NOW OR NEVER

over 3 years ago

Fear and Greed INDEX

Past few months are really a crack down for crypto investors as bitcoin was showing such promise to go to 100000$ but sudden bears taken active mode and all bull are hiding somewhere like no one wants to take any position or accumulation for bitcoin.

Source
If we talk about fear and greed index it came to 15% which shows how much people got left to bear to invest in market.
Here Murphy's law works when market falls down no one have money to invest further and accumulate more and more tokens.

Bitcoin has taken almost 40% dip from his high and still people are in fear whether it can go upto 35000$ as sevear factors are playing role in market.

Major Parameters on watchlists

1. Multibaggers altcoins Vs Bitcoins

If we look the market size half market cap is capture by Bitcoin as dominance and in half marketcap there are 16600 coins are listed out of that some are even not listed and just a part of bigger ecosystem.

bitcoin vs.png
Source
People and whales those who invested in Bitcoin are watching trend of altcoins and comparing there returns of last 5 years and looking to exit from bitcoin and want a potential altcoins which could be better in technology than bitcoin in terms of

Scalabilty
Decentralizaton
Transanction speed

2. Ecosystem based coins (ETH, SOL, DOT, ADA, FTM, ATOM) : Bitcoin killers

Decrease in dominance of Bitcoin from 65% to 39.5% is because of its major disadvantages and high transanction cost fee.
Since till now we know there is no major ecosystem is build on bitcoin nor even any layer 2 solution but the assurity os of high decentralization as nobody is putting finger on that and huge amount can be transfer more secureway since from past 10 years it is trusted and tested.

These other altcoins are like innovation to the technology and growing much faster in there marketcap compare to the Bitcoin and as investor its look more lucrative to invest our money in such kind that we can make it as multibagger.

Chart: weaker even at 42000$ but now volume rising again

btc chart.PNG
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Reason for not participation of retail investor

Huge money comes from fund houses and whales which can support and manipulate the market depends upon how much holding they are having of top cryptos stocks as we already know BTC marketcap is 39.5% on record of today date, it is presummed when the Bitcoin bleeds other altcoins also starts bleeding as somany are in liquidity pairs and Bitcoin is choosen as major standard at every exchange.

Few Percentage of money comes from retail investor and they are not creating or decision making to decide the market path on which direction it will move in future.

Rumours, News based pumps and dumps, Long Term Hodlers

Fluctuation in market comes on daily based event and global news and situtaion which are happening in current scenario and trader take advantage of these to earn money.

My Tips on Market: Buy/Sell or Hold

Today total Crypto marketcap is of 2 trillion dollars ad only 160 million crypto users out of 4 billion internet users.

So If I believe atleast the number will reach to 10x from this numbers in terms of users so marketcap also will become 10x from here.
Accumulate Top 10 crypto and BTC is somewhat standard pair for altcoins and its shine never get fade as concept of novelty towards blockchain industry.

accumulate Bitcoin at each stage and you will get your reward later in long term . since as we know Bitcoin are less and millionaires are more on earth so each Millionaire cannot even buy and hold 1 BTC in future as a wealth standard and in that race it will boom and go to moon.

whats your opinion let me know in comment sections...
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