Does the down trends of Bitcoin signals the end of the mother of all cryptocurrency extinction?. To me, I would say NO.
Back in the year 2020, in the month of November, Bitcoin was at $17k, but leapfrogged to $61k on march 3 2021. It later dips to $34k, in July 6th, 2021. By November 8, 2021, it experienced one of its highest peak by hitting$67.5k. By January 2022, it hits another low of $35k. Till date it hasn't gone beyond the that trend, presently as at today, may 11, 2022, it's in $29k.
If we are to look at trends, in which Bitcoin has followed ever since 2020, then my take is that the mother of all cryptocurrency is still finding it's root to leapfrog again in the coming months.
This can never be the end for Bitcoin, because it's the life line for most altcoins.
I for see Bitcoin hitting another all time high soonest.
Congratulations @indepensky! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 50 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
This is a one-time notice from SCHOOL OF MINNOWS, a free value added service on hive.
Getting started on hive can be super hard on these social platforms 😪 but luckily there is some communities that help support the little guy 😊, you might like school of minnows, we join forces with lots of other small accounts to help each other grow!
Finally a good curation trail that helps its users achieve rapid growth, its fun on a bun! check it out. https://som-landing.glitch.me/
Congratulations @indepensky! You received a personal badge!
You can view your badges on your board and compare yourself to others in the Ranking
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!