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New Bitcoin catalyst: Will the prices maintain? Maybe!
So we’ve had another unexpected catalyst (this time from China), proving yet again how Bitcoin and crypto in general is this catapult that can be released at any time. And how you can never predict what will happen next, only keep tracking the technology itself, and understanding why it’s an asset you should treat with respect.
So the chips fly out across the board, as ‘wave-riders’ spread their bets, surf the foam, and then pull out of the market again (as I write this?) Timing the latter is another difficult trick to master, and dangerous too, as the Bitcoin price is particularly susceptible right now to running away. The next one could be more news from Bakkt, Brexit, regulatory news, bank collapse... And actually I can’t wait for this to happen: to have a series of catalysts that see the price move up considerably and leave a lot of greedy market players watch it escape.
But in truth there are many sensible folk ‘dollar cost averaging’ (finally, well done, you got there in the end!), and what happens is they too get a bit of fomo and chuck more in than usual when there’s big news.
Anyway, it’s also a chance to review the Ade’s Press Long-HODL crypto-basket, an experiment where I put 10 quid on many of the projects I’ve mentioned in this blog.
