The above is not a screenshot but a brief summary of the 'inevitable' analysis. The world, just like we knew all along, is a topsy turvy place. Reminds me of a phrase I read somewhere 15 years ago. Talking about years, 12 years ago was invented the blockchain. Spectacular yet a belated bit-based craft of a kind. Unique. Ultimate - at least in orchestrating a means towards the same. The level of climax triggered from the current blockchain and crypto economy peaks is flabbergasting to everyone. $60, 929 at time of writing. From an historical point of view, this is a new high. Btc has defied both traditions and definitions of value. Value is traditionally expected to be predictable and tangible.
To hell with that!- says btc
Value should be based on agreement. Agreement should be between two parties. Trust is overrated. Third parties are basic thieves and must be eliminated. These, in layman's language are the features of crypto.
Btc is hitting new highs. Similar trends have been observed in the past. Btc was once worth a fraction of a dollar. A famous btc early adopter bought a pizza for $10000 btc. Wow. 10000 x (60,929/whatever btc cost then, like a max of $1) equals a figure with too many zeros for even a regular retard to waste time on. I even know the right word; infinilionnaire.
That's how much in dollars he'd have been worth had he not bought that damn pizza. No regrets, he says. The tech needed early tradeoffs to spread.
Support levels are expected at $ 56000 to $ 58000. A further downside may drive btc towards $54000 and and beyond this point we;d be eyeing sub $50000- which can be termed a severe correction. A break above $61000 means the bulls will have it. Btc history, as of 2021, is not proof of dangerous volatility but of a longterm inevitable uptrend. It's this analysis that's driving instintuitional investors towards btc. When they buy, they hold for the long resulting in more scarcity. From a birds eye-view we are looking at btc reaching $100,000 in less than two months. Bookmark this article pal.
Amid the btc confusion arrives NFT. NFT is not your regular speculation tool. It's unique ownable, stand-alone-asset, appraisable and resellable digital asset. Gaming can now earn you real money as you enjoy your hobby. No data or time wasted making game creators rich anymore. You play and earn while at it. Centralization now nullified and brutally assaulted. Gamers will own the games, fans own the play and po... potential of the blockchain is infinite.
All the NFT hype is based on Ethereum digital currency which was invented by the Russian Vitelin Butelik. It involves smart contracts which enable decentralized gaming and browsing and tv and everything. Everything decentralized. You own your videos, tweets, status and can resell them and be able to transfer their ownership (check "jack dorsey tweet price”).