CLAIM YOUR REWARD FROM MY PINNED POSTS...ššÆ
READ THIS - IMPORTANT MARKET UPDATE š„
While most people are panicking and in doubt, I took this opportunity yesterday to accumulate more Alts and BTC.
2 Main Reasons behind the Crash:
1.) Yesterday, after the News seeing more than 300 Drones where Iran attacked Israel creating a war-like scenario, the price plunged almost 10% in minutes.
2.) Bitcoin is also undergoing a pre-halving correction. Historically, we saw this already in 2016 and 2020 which was strongly expected going to happen this time as well.
There's only 5 Days left until the Halving Event.
Don't forget that after the halving, Bitcoin tend to make a big move aka Moonshot.
āSUPPLY SHOCK INCOMING ā.
1.) AĀ BitcoinĀ halving event occurs when theĀ rewardĀ forĀ mining BitcoinĀ transactions isĀ cut in half.
Think of that in this way: Miners getting half of the Bitcoin Block Rewards, BUT the Energy-Costs for mining Bitcoins stays the same = Price Adjustment
2.) While the Demand for Bitcoin is increasing, there's 1 thing that you need to be aware off: The Bitcoin Balance on Exchanges is DECREASING a lot! (I've attached you a screenshot of the current Bitcoin Balance on Exchanges). At this writing, only 1.73m BTCs left on Exchanges.
- Don't forget only 21 million Bitcoins will ever exist.
- While most people are panick selling, whales are accumulating as much as they can.
- Jan Van Eck (CEO of VanEck) said on stage at Paris Blockchain Week, that 90% of all Bitcoin ETF inflows are still retail.
- Hong Kong to approve Spot Bitcoin ETF's around April 15th, according to sources familiar with the Hong Kong Securities and Futures Commission (SFC).
- Bitcoin Hashrate is increasing a lot and hitting new ATHs.
While people panic, whales accumulate (Mr. 100 Screenshot).
š„ Panic Psychology in Markets:
1.) News hits generating uncertainty / fear
2.) Fear triggers impulsive panic selling.
3.) Smart money buys the discount. The Prices stabilize
4.) Time passes, the News becomes the "new normal". Uncertainty fades. Markets recover