KateCrypto
@katecrypto
251 Following
141 Followers
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BITCOIN CAN NOT ONLY SOAR THREE TIMES IN A FEW MONTHS, BUT ALSO CRASH BY 80% IN A FEW HOURS!
I just want to remind those who may have forgotten due to the rise in price: Bitcoin can fall just as quickly as it can rise. For example, in April 2013, it fell 5 times: from 269 to 51 dollars.
Reasons:
1) the rapid rise in price from 13 to 269 dollars should have ended in a correction
2) The largest crypto exchange at that time, MtGox, collapsed
3) Fear and panic due to the collapse of MTgox provoked a sales snowball
Despite this, Bitcoin did not die, but even recovered and rose to $1,000 at the end of 2013.
This crash taught me a lot, including the following:
- Volatility is the price of the crypto market opportunity.
- Do not blindly trust centralized exchanges.
- Safety matters.
- Resilience, confidence and patience win in cryptocurrency
Could something like this happen again now? 0 reply
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❓ What is Dexscreener
Dexscreener is an analytics platform for monitoring and analyzing trading data from decentralized exchanges. The site provides users with price data, trading volumes, and charts for the crypto market trading on various DEXs.
Main functions:
▪️ Trading Pairs Analysis: Dexscreener displays data on thousands of trading pairs, including price, volume, liquidity and percentage changes.
▪️ Real-time charts: The platform provides real-time charts with technical analysis indicators.
▪️ Multi-blockchain support: Dexscreener supports data from multiple blockchains such as Ethereum, Binance Smart Chain, Polygon, Avalanche and others.
▪️ Token Information: The platform provides information about each token, such as contract address, liquidity, and a link to the original DEX. This helps users verify the authenticity of tokens before purchasing or selling them. 0 reply
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📈 Why altcoins will rise
🟢The growth of new subscribers on YouTube has increased to the level of March 2024, but the level of 2021 is still far away.
🟢The number of views also increased to the level of March 2024. In contrast to subscriber growth, we believe that at the peak of the market, viewership will rise to 2021 levels and possibly exceed 2021 levels.
🟢Many may be confused by the “fear and greed index, which is currently at around 90 - Extreme Greed. But this index is only part of the big picture and should not be relied on as the main indicator.
For example, from November 2020 to February 2021, this indicator was at the level of 85-95 with minor corrections, and in the spring, when there was a major increase in altcoins, the indicator was at the level of 60-80.
Now the market does look a little overheated, given the news background. In the event of a correction, we do not expect fundamental altcoins to fall by more than 20-30% 0 reply
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Should we wait for the second drops? 🔮
Lately, influencers have increasingly heard the idea that there is no point in working with new projects now, because there are almost no truly worthwhile projects. Well, perhaps some kind of Monad or Story Protocol, and even that is already in the final stage of its testnet. There is also Unichain, but you must admit that this is just another Layer 2 in a long series of similar ones. So it's tempting to say, "Why don't I wait for the second drop?" Second drop from L0, ZKSync, StarkNet, Aptos, SUI or even possibly Arbitrum. 🤔 0 reply
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November 5th. Bitcoin and the US presidential election.
It seems that this US election will not end with a clear victory for Trump, for which markets, including American stocks and Bitcoin, have been preparing over the past week.
If Harris wins, markets will likely react with panic and move further down, continuing the current trend. However, over time, they realize that the coming huge amount of stimulus money will again pump up assets.
Therefore, we should expect a lot of volatility in the short term, but keep in mind that the long-term growth potential is still there. Greater volatility will be caused not only by the election result, but also by the likely interest rate cut by the US Federal Reserve this Thursday.
→ If Harris wins, a dump is possible, then consolidation and a pump.
→ If Trump wins, there will probably be a pump, and then an even bigger pump.
Good luck everyone, and get ready for the upcoming DCA opportunities and an even more exciting future for Bitcoin! 0 reply
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