Hello everyone, I'm Kimi. For example, on June 19, 2022, Ethereum fell to more than 800 US dollars. The reason why it fell so low was that many institutions exploded, large investors were liquidated, and then the Federal Reserve raised interest rates. The external environment was very bad, so it fell here.
However, due to the positive impact of Ethereum's upgrade, the price rose to more than 2,000 US dollars from June 19 to August 14, doubling directly.
Many people think that 25 years is a bull market in the currency circle, which is also based on cycles, and a very obvious symbol of the cycle is the halving of Bitcoin. The upgrade of Ethereum can buck the trend and rise in such a harsh environment, so Bitcoin will decrease. It will attract more attention in the next half.
Moreover, the external economy will not be so bad at that time, and it is more likely that the Federal Reserve will flood the market with money again.
Therefore, many people including me are making plans, and are ready to buy at the bottom next year. However, people are different. Some people shout that they will buy at the bottom, but they dare not buy when the price really reaches the bottom. Those who dare to buy at the bottom and hold on can make huge profits.
The cyclical nature of the cryptocurrency market will weaken with the rise in Bitcoin prices and the entry of traditional institutions, but it is still a very effective indicator at least in the next bull market and the next bull market.
Finally, what I wrote is not for everyone to see. Those who always shout about Ponzi schemes and tulip scams can stay away. There are many people who popularize science but you don’t read them. You also ignore the growth of the cryptocurrency circle and the consensus that has been formed over a long period of time, so there is nothing to talk about.
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