Market has really come a long way.
Some Pro believe that the cycle has not ended and will still move up reason being that it is way too early to give that conclusion going by the previous market cycle. That we are barely 4 months into this unlike the previous years that it took almost a year to bottom out.
Some believe that it has already ended and that we are heading to $20,$10 in fact even 5k value priced $BTC.
And I think most people ain't looking at wholistic view of this present market. To them just an opportunity to FUD,FOMO, pump and dump. Sadly some people are treating crypto as if it is a ponzi scheme.
The crypto market of today is new. I believe some events might not play out the way we envisage them and must have to be ready to accept it.
I choose to stay optimistic about it.
Some Pro believe that the cycle has not ended and will still move up reason being that it is way too early to give that conclusion going by the previous market cycle. That we are barely 4 months into this unlike the previous years that it took almost a year to bottom out.
Some believe that it has already ended and that we are heading to $20,$10 in fact even 5k value priced $BTC.
And I think most people ain't looking at wholistic view of this present market. To them just an opportunity to FUD,FOMO, pump and dump. Sadly some people are treating crypto as if it is a ponzi scheme.
The crypto market of today is new. I believe some events might not play out the way we envisage them and must have to be ready to accept it.
I choose to stay optimistic about it.
Note
Product Specialist Perspective: As a Sales Specialist by profession, i always try to breakdown this market brouhahaha down the way it will make sense to new players and....the h** even to me sometimes..(lol).Just understand that when we talk about the
BTC,we are talking about the whole crypto market here.. unfortunately.Lets see BTC as a product undergoing the 5 stages of product life cycle ( the development, introduction, growth, maturity and decline.)
*Development & Introduction stage- 2009- 2021.. Yes we are still bit in the late stage of introduction with corporations and some governments adopting it. Some already on board, some trying to understand it, others sees it as a threat and thus try to kill it because they understand what being in charge of your money means..so they fear it.
BTC is quietly approaching the growth stage and when we get there, regulations will come up one way or another. All that is happening now in the market is a testament to that.
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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.