05-11-2021, 03:03 AM
Bitcoin has been consolidating in the 50’s for almost 3 months. People have no ide
<!-- SC_OFF --><div class="md"><p>There’s a lot of mania and hype at the moment and people seem to think a crash is around the corner. They think we’ve peaked too quickly and a 2017 crash is coming but we’re a long way away from that in my opinion.</p> <p>What people don’t understand is the mania around doge is irrelevant in relation to the market. Doge has very little influence in the market. </p> <p>The only coin that really matters is bitcoin. It controls the price of all coins because they are paired together. When bitcoin crashes everything crashes. If doge crashes nothing happens. </p> <p>The only mania you have to worry about is in bitcoin. It doesn’t matter what happens with the other coins. In 2017 bitcoin tripled in a month before crashing. It basically did a doge and then crashed. </p> <p>This is why we’re not going to crash anytime soon. Bitcoin will crash after a manic phase, not after a consolidation phase. All we’ve been doing for the last 3 months is slowly building support for the next leg up. The strong hands are still buying and exchanges are still seeing large outflows or bitcoin. </p> <p>Things have really looked this bullish in bitcoins history.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/saffron1990"> /u/saffron1990 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n93qcr/bitcoin_has_been_consolidating_in_the_50s_for/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n93qcr/bitcoin_has_been_consolidating_in_the_50s_for/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>There’s a lot of mania and hype at the moment and people seem to think a crash is around the corner. They think we’ve peaked too quickly and a 2017 crash is coming but we’re a long way away from that in my opinion.</p> <p>What people don’t understand is the mania around doge is irrelevant in relation to the market. Doge has very little influence in the market. </p> <p>The only coin that really matters is bitcoin. It controls the price of all coins because they are paired together. When bitcoin crashes everything crashes. If doge crashes nothing happens. </p> <p>The only mania you have to worry about is in bitcoin. It doesn’t matter what happens with the other coins. In 2017 bitcoin tripled in a month before crashing. It basically did a doge and then crashed. </p> <p>This is why we’re not going to crash anytime soon. Bitcoin will crash after a manic phase, not after a consolidation phase. All we’ve been doing for the last 3 months is slowly building support for the next leg up. The strong hands are still buying and exchanges are still seeing large outflows or bitcoin. </p> <p>Things have really looked this bullish in bitcoins history.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/saffron1990"> /u/saffron1990 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n93qcr/bitcoin_has_been_consolidating_in_the_50s_for/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n93qcr/bitcoin_has_been_consolidating_in_the_50s_for/">[comments]</a></span>Kind Regards R