BitcoinShort
Why buy Bitcoin now?
When people buy Bitcoin, there is only one reason which is to make money. This can be done to buy low and sell high.
Then why people think bitcoin price will go up?
Because of FOMO? Maybe. Or foreseeable mass adoption as a payment? => This has nothing to do with the value of the 1st generation coins such as BTC nor ETH.
But if you see Goolge Trend chart, the interest of Bitcoin is dwindling down. It is highly unlikely that BTC will see the mass adoption by the merchants considering the interest in going down. trends.google.com/trends/explore?q=bitcoin
From these, it looks like the big BTC purchase is not from the general public rather it is the whales trying desperately hold the value of BTC.
By the way the first rule for crypto investment is upgrading features of the crypto design in technology, business model, and policy which need to be agile to survive the unknown environments such as regulation.
Then why people think bitcoin price will go up?
Because of FOMO? Maybe. Or foreseeable mass adoption as a payment? => This has nothing to do with the value of the 1st generation coins such as BTC nor ETH.
But if you see Goolge Trend chart, the interest of Bitcoin is dwindling down. It is highly unlikely that BTC will see the mass adoption by the merchants considering the interest in going down. trends.google.com/trends/explore?q=bitcoin
From these, it looks like the big BTC purchase is not from the general public rather it is the whales trying desperately hold the value of BTC.
By the way the first rule for crypto investment is upgrading features of the crypto design in technology, business model, and policy which need to be agile to survive the unknown environments such as regulation.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.