Three Markers of Bitcoin Fall
Hello! Recently there has been a lot of news on the cryptocurrency market. The most important news is that the market began to behave predictably. What do I mean? The cryptocurrency market in some sense can be compared with the weather, and the prediction of its behavior with the weather forecast. Can we predict the weather? Yes! If we are in the middle of a process, for example, in the middle of a high pressure area, then we can safely say that if the sun is shining today, then the weather will be fine tomorrow, but if we are on the edge of events, that is, on the border of a high and low pressure, it is impossible to predict anything precisely; in such a situation, the forecast will be fifty-fifty, either the sun or rain. And what about cryptocurrency? What process are we in the middle of? The answer is simple — we fall and we will fall, it can be stated with complete confidence. Consider the markers that show us the following. First, any fall in cryptocurrency is associated with the massive withdrawal of fiat cryptocurrency assets. In such a situation, the demand for Bitcoin sales significantly exceeds the demand for purchases, this leads to a fall in the Bitcoin price, which in turn pushes other users to sell their assets in order to save their savings in dollars, that is, to stabilize their savings. Nevertheless, there are two main ways to fix your investment — go to fiat and go to Stablecoin. This is especially true if you have a solid investment in cryptocurrency, you will not be able to go to fiat quickly for several reasons, and it is easier to go to the USDT. Consequently, it is immediately clear that the growth of USDT capitalization is directly related to the market decline. USDT capitalization is growing and it is ranked higher on Coinmarketcap from day to day. Within three months, this coin moved from 13th place to the 4th! It overtook all the forks of the main cryptocurrency and now takes place immediately after Ether. It follows from here that the growth of USDT is a bold red marker indicating a fall in cryptocurrency in price against the dollar.
The second marker that determines the cryptocurrency market is stability (or instability) at the top of the leaders — top 10 on Coinmarketcap. We are all accustomed to the fact that the coins after the first hundred jump from day to day in the rating list. Their capitalization can grow fivefold within a week and fall rapidly. Anyone who has invested in these coins is well aware that keeping money in them for a long-term is associated with great risks. The main tool for trading with these small coins was a pair of bitcoin-altcoin, and you could always get out of altcoin into bitcoin, if altcoin fell and from bitcoin to transfer money to fiat. In addition, it was a steady income for the trader. That is, bitcoin and currencies from the top ten have always been an example of stability and the main harbor for exiting from altcoins. Now the situation has changed. Instability invaded the first rows of the top 10 cryptocurrencies. The situation has become complicated. You can trade in relation to bitcoin, but be prepared, and in case of a fall, immediately exit from bitcoin to fiat or USDT. In short, there are too many risks and too large commissions, from here low wages and distrust of the market as a whole, but because of a drop in capitalization.
The third marker. Cryptocurrency against “almost” cryptocurrencies. We all know that Riple coins and its fork Stellar are difficult to call cryptocurrencies; they are more like coins that are the internal currency of their platforms. Many do not consider them cryptocurrency in spite of the fact that they, however, occupy high positions in the list of cryptocurrencies. These coins do not offer anonymity to their holders and are subject to the complete centralized management of their developers. This is their minus, but… However, plus as well. This cuts off the possibility of deriving these coins by various fraudsters. In addition, it cuts off attempts to cashing black capital. As a result, we see increased confidence in this coin. Riple surely outran Ether, and at the beginning of the year, its capitalization was almost 7 times less! We can see his fork Stellar in the fifth place! Looking at these coins, we see the third way, where people take their investments; they buy more stable Riple and Stellar coins. Moreover, this additionally accelerates the fall of Bitcoin and main cryptocurrencies.
From the above reasoning, I can easily conclude that the cryptocurrency falls and we are in the middle of this process, I do not see any observable border of the beginning of another process. To what values will Bitcoin fall? Let’s just think of it…. All fans of quick money should go out of it, the task of Bitcoin is to transfer money from one point to another, and its capitalization is the money that is currently transferred from one user to another (ideally). From this it follows, that I do not see any reason that bitcoin did not drop to the value of $500. This, in my opinion, corresponds to the real number of its users. The faster Bitcoin falls to this figure, the better. We will get a stable bitcoin, the price of which will not jump and be inflated by the news background. Scammers with big capital will lose interest to it, those who are just waiting to fool us, hamsters. Let it be better $500 and stable bitcoin, otherwise how can one buy something for bitcoin????? If during the day, it can depreciate by 5%? I believe in bitcoin and blockchain technology. Unfortunately, the freedom that it offers attracts not only honest users. Only a stable bitcoin can withstand this. I am for a cheap but stable bitcoin!!!!
The report was made by Daniel Stojkov and the STO CustomCoin Platform team
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