Several people are looking to buy or trade in Bitcoin while waiting for a deeper dip. The problem with Bitcoin adoption and also the case with several other cryptocurrencies is that everyone is so busy working their 9 through 5 job and there is no mental space to understand that the ship we are all on, is sinking, and that the life rafts are running out.
Hearing about Bitcoin here and there just isn’t sufficient to make an impression in this attention deficit era. Someone pointed to stating, you literally have to see $20 bananas at the grocery store before you even ask the right questions.
The coronavirus have led to a historic fall in global markets, crypto markets included and the pundits are continuing to argue that now is the right time to buy Bitcoin and trade, rather than to sell. The widespread opinion is that it is smarter to earn profit and stack up in this bear market by getting your holdings into the active trading market.
Bitcoin investment is making a lot of people super rich at the moment, but before one can succeed in Bitcoin investment, it is important to work with the right strategies of an experienced broker and trading coach. People are beginning to consider investing the little they have and multiply it from there.
The progressive value of Bitcoin has attracted several investors to the Bitcoin trade. Several traders have so far reaped significantly from it. The value of BTC keeps fluctuating with small margins. This fluctuation has made it possible for enabled Bitcoin exchanges to become a significant and robust industry.
Sydney Ifergan, the crypto expert tweeted: “Bitcoin (BTC) makes sense to most people who have been closely looking and observing the kind of changes that are noticeable in terms of trading for profits.”
Michael Saylor, Microstrategy stated, the crypto analysts and exchanges should stop comparing Bitcoin to Altcoins and start comparing Bitcoin to Fiat, Gold, Equity, & Bonds since those assets hold 99.9% of the monetary energy in the world.
The common opinion brewing is that Bitcoin is obviously multiples better than fiat and gold. The only thing better would be buying dominating companies at cheap valuations that earn excess returns in Bitcoin. Companies should demand to be paid in Bitcoin instead of fiat. Bitcoin is not fiat, but they are in the business of money thriving to store value.
It just looks like Times are changing and there are ETH and Dapps, which are considered equivalent to fiat.
Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.
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