Over one year, i learned a lot from steemit and crypto market and one usual thing i found is "Things Have Not Changed Much, It Works Like A Cycle".
Hi Everyone. This is @rahulsaini and today i am gonna talk about the changes and the cycle running in crypto market.
The king crypto is creating its way to go its all time high. If we take a look at the history then we can say, end of the year were always incredible for the crypto and have higher chance that it will happen again this year too.
Why i am saying this,
I am an expert - Of course not, then why i am saying that
Because i believe, history will be repeated again. Here i am sharing some of my analysis and experience. I found that, end of year was always great for crypto except 2014 as per records.
Its like a cycle. Up trend in end of year and downtrend after that. Every year.
You know what the problem is ?
The latest chart of bitcoin is pretty similar to the chart of 2014 - 2015, which show the downtrend. Yes, anything can happen but we have to wait at least october to get it clear.
The last year was the greatest year for crypto or bitcoin and for the traders too. Here is the historical snapshot of market as on 17 december.
If we talk about today historical snapshot then here is the comparison with last year of same day.
2017
2018
The steemit Alexa ranking is also similar to bitcoin. here is the snapshot of Alexa steemit ranking of last year end.
Steemit first time crossed 1000 ranking, global and us
Today capture is here
Differences are huge, the rank is more then double of that time but i think that the rank will go below with the hype of market at the end of the year. It will be quite interesting to watch it.
I hope you guys understand that what i meant to. Crypto market can changes its path anytime, so don't get fooled by these sudden pump and dump of the market.
Please do not take it as a financial advise. THIS IS NOT A BUY REQUEST. It is just my analysis,opinion and result of readings. So before investing in any Crypto currency, do your own research first. I will not be responsible for any losses
Thanks for reading...
If you like my post or interested in Crypto info, then you can follow me for more
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Interesting information my friend. Unfortunately, Indian government's move to ban cryptos has left not much options for us.
Not much, but still we can do our things done through p2p services. Zebpay is also providing p2p service. We can just hope or wish for good.
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