My view about the Bitcoin price Falling.

View this thread on: d.buzz | hive.blog | peakd.com | ecency.com
·@stadex·
0.000 HBD
My view about the Bitcoin price Falling.
If you want to know why the Bitcoin price is falling you must look at Bitcoins marketcap. I watched the marketcap rise to astronomical highs above 100billiion, I don't remember the exact number but iwas certainly above 100billion now it is by around 93 billion and this happened in a matter of days.
It's obvious that there was a major cash influx and now these investors possibly hedgefunds, banks, millionaires and billionaires and many more small investors etc. have made their profits and they exit as quickly as they entered. So the Bitcoin price had to reduce. But it is still around $6000. Now it may go down even more to it's standard before the moon which was around $2500. It's difficult to predict because one would have to be able to watch every buy and sell trade to see the big picture. Some exchanges provide such info. If you can read it and understand it then maybe you can have an advantage to predict what will be based on factual info. I am a small investor so I haven't felt the urge to look at the numbers. I only have about $250 in Bitcoin. I know it's not much but it's what I can afford at the moment. I see a potential for Bitcoin to go up and stay up again as it did when it rose above $2500 but the pump and dump will not help.
I just checked the altcoins and I saw tge price of Bitcoin Gold is above $2500 wow. So I think that ofcourse some money went into buying Lambos and Rolex watches but a lot of money is being pumped into altcoins and hard fork coins as a reinvestment. Professional investors are basically slaves to investing, they have to invest, they have no choice except what they prefer to buy and sell and Cryptos are the new hot thing in Town.
One thing is certain somebody somewhere made  a lot of money. Yeah I'm jealous lol but not the bad kind (let's drag the rich out by their necks and take their stuff) instead I am happy for them and I wish to someday be able to enjoy such success. Learning about Crypto Currencies is one way of potentially achieving this.
I would be gratefull for any tipps to my Steem, Bitcoin and other Crypto Accounts.
Kind regards Steeming Stadex.

Bitcoin
17dJpfXwvJzPSKMbo6Mcqi1VVag9WBURnq
Ethereum
0x6f2cbb4ae6f27529afe5b414b34933a0570cac36
Litecoin
LTZfGFjHh5JdrbBo5V3wyHA6nWECoi7d6A
👍 , , , , , , , , , , , , , , , , , , , , ,