Irrational rise of BTC
Updated
Yesterday studied whether BTC rose irrationally? The conclusions I have drawn are worth considering as follows:
Whether BTC is a safe haven currency or not, I compare BTC with gold. The rise of BTC since March 13, 2020 is compared with the rise of gold on March 13, 2020. The rise of gold is 44%. BTC rose by 813%
2 liquidity comparison, we all know that gold is a valuable currency, the existence of gold is recognized everywhere in the world, while BTC is a virtual currency, its existence value is not, and liquidity is not recognized in many countries. On the contrary, due to the outbreak of the epidemic, the price of gold and BTC rose.
Just yesterday, I went on the Internet to collect some negative news from BTC, which is not good for virtual currency.
I have 18 pages in the BTC Research Report. Here is just a part of it.
As for the irrational rise of BTC, I admit that if we allow the crazy rise of virtual currency, it may have a certain impact on our future economy. I'm not commenting on BTC's bad, but I'm worried about its irrational rise, and even think that BTC can collapse at any time. Because it's so crazy, behind the madness is death..
So I'd like to remind traders to be cautious...
Whether BTC is a safe haven currency or not, I compare BTC with gold. The rise of BTC since March 13, 2020 is compared with the rise of gold on March 13, 2020. The rise of gold is 44%. BTC rose by 813%
2 liquidity comparison, we all know that gold is a valuable currency, the existence of gold is recognized everywhere in the world, while BTC is a virtual currency, its existence value is not, and liquidity is not recognized in many countries. On the contrary, due to the outbreak of the epidemic, the price of gold and BTC rose.
Just yesterday, I went on the Internet to collect some negative news from BTC, which is not good for virtual currency.
I have 18 pages in the BTC Research Report. Here is just a part of it.
As for the irrational rise of BTC, I admit that if we allow the crazy rise of virtual currency, it may have a certain impact on our future economy. I'm not commenting on BTC's bad, but I'm worried about its irrational rise, and even think that BTC can collapse at any time. Because it's so crazy, behind the madness is death..
So I'd like to remind traders to be cautious...
Note
In addition, if BTC makes a top in this period of time, which will be a big top
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