2024

Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
In recent days,&nbsp;<a href="https://u.today/satoshi-era-bitcoin-whale-suddenly-wakes-up-with-53583-profit">Bitcoin's price</a> has experienced minor fluctuations, leaving investors on what some might call a "boring rollercoaster ride." This type of market activity is often referred to as a "crab market," where prices move sideways with little significant change, or "pvp," a term indicating a "player versus player" scenario where traders compete without much directional movement.
Despite the stagnation, Bitcoin's price remains at $67,000, a recovery from last week's dip into the $50,000 range, but the all-time high above $74,000 still seems so near and yet so far.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="91e4c9fe-2126-4677-8f2d-31bfbdb6dc19" src="https://u.today/sites/default/files/inline-images/BTC_13.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a>
Such market conditions often lead to anxiety among investors, as fear, uncertainty, doubt and greed dominate sentiment. These emotions can lead to painful decisions and mistakes.
However, for&nbsp;<a href="https://twitter.com/Excellion/status/1816554224337178781?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1816554224337178781%7Ctwgr%5E880aabe799b574466ca004807a92094f61da0c64%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2FExcellion%2Fstatus%2F1816554224337178781">Samson Mow</a>, a well-known figure in the cryptocurrency space, these fluctuations are not cause for concern. Mow, famous for his bold predictions, including a forecast of reaching $1 million&nbsp;<a href="https://u.today/japanese-financial-giant-preparing-for-approval-of-bitcoin-etfs">BTC</a>, maintains an optimistic outlook.
<h2 dir="ltr" id="this-is-how-bitcoin-works">This is how Bitcoin works</h2>
In a recent statement, Mow explained his perspective on Bitcoin's price behavior. According to him, the pattern is predictable: investors sell at certain levels, believing they are making smart moves, only for&nbsp;<a href="https://u.today/mt-gox-bitcoin-holders-unexpectedly-refuse-to-sell">Bitcoin</a> to surge to new heights, leaving those who sold wishing they had not.
This cycle, Mow suggests, is a fundamental characteristic of Bitcoin's market dynamics.
<blockquote>
 This is how <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> works:People sell at a certain level thinking they are clever. Bitcoin melts faces and goes up to the next level.The “clever” people regret having sold.Repeat.— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1816554224337178781?ref_src=twsrc%5Etfw">July 25, 2024</a>
</blockquote> 
Whether this is really how the bitcoin price works remains to be proven, but anyone who has spent enough time in the crypto market understands it's hard to argue with such an explanation. Especially the "melting faces" part.

'This Is How Bitcoin Works': Samson Mow Shares Surprising Explanation

目录

U_Today

发布于 2024年7月26日的其他文章

Bitcoin Climbs as Investor Optimism Grows

Crypto Trader Known for Predicting Solana’s 10x Rise Says CYBRO, ZRO, and JUP Could Climb Up to 3...

No Meme Coin? NBA Legend Disappoints Crypto Community with Recent Announcement

BTCC Exchange Introduces Up to 50x Leverage on Over 300 USDT-Margined Trading Pairs (26 Jul)

OKX Reports $2.6 Billion Drop in Funds and Decline in XRP Holdings

Scaramucci: Bitcoin and crypto regulation must be bipartisan

订阅我们免费的电子期刊，获取每日最新加密领域动态！