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MY EVASIVE THEORY ON BITCOIN

 
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Jan Bouda 4 months ago

Bitcoin despite being volatile, is still less volatile than many Altcoins at least in the last months. It dropped around 40%. Some altcoins have dropped over 60%. I would make you one correction in another high price – it would be 13,908 USD instead of 10,908. Trading Bitcoin vs other alts may be interesting but I would personally need to acquire more TA to be successful in it.

Dotun Deetee 4 months ago

Thanks for the heads up on that correction buddy.
Trading Analysis are basic and essential tools for trading in the crypto space; it helps build a data for of analysis and prediction to pattern and behaviour of the market.

Jansen Admin 4 months ago

Nice post! And well written in a way also members new to crypto can follow. 

Dotun Deetee 4 months ago

Thank you for your kind words. I have come to understand that writing in simple terms grants more access to crypto newbies, unlike the expert-written articles in T/A; which I entirely salute the writers.

Osato Jegede 4 months ago

For me, it's the volatility that makes Bitcoin what it is. If not the price of Bitcoin would have skyrocketed beyond the reach of common man. The presence of a centralized authorities ensures that the trade between demands and supplys are regulated to avoid high volatility. But in the case of Bitcoin, where the centralized authorities is absent, it becomes more beautiful. 

Dotun Deetee 4 months ago

I love the fact that the crypto ecosystem is indeed a beautiful niche; a perfect check for the mainstream financial industry.

MrBullishSail Crypto Trader 4 months ago

Excellent post, Dotun :), I understand that as an investor, seeing such ranges of volatility can be frightening, however, you have the confidence that everything that is developing in this space and beyond is based on BTC, that supports your investment in the long term, despite its high volatility, on the other hand, we exploit that same high volatility, traders to achieve large profit margins, it is this same movement that keeps the capitalization market moving and that overtime is increasing, not only because the capital of investors or traders is growing, but also because of the adoption of this space and its market by more people.

Dotun Deetee 4 months ago

You rock buddy, your deep knowledge of bitcoin and the entire crypto world and trading is intriguing. Bitcoin is the power engine but I rather ride along than involved in the engine powering process.

St3v3 T88888 4 months ago

Nice well written post Dotun, easy to understand for people

Dotun Deetee 4 months ago

Thank you @st3v3 , I had to put it down the best way for the purpose of we that are actively growing in this world and for the newbies.

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