> The beginning. Let’s continue from where we left off earlier <
We stopped while explaining the second stage, and my advice to everyone who reads it is to go back, because it contains an enormous amount of information, and you won’t be able to understand the second episode otherwise.
____________________________<<<< In the name of Allah, we begin >>>>__________________________________
- The second stage that was in a year, or in the year (2013)
@The story:
The second stage ended: after the market started discovering the price of Bitcoin and it entered trading platforms. And from here, we continue, because the explanation is sequential.
After the market discovered it, then the world started to become aware. And here—by itself—was the first jump of Bitcoin. And this was a shock to everyone: Bitcoin reached its first (1000 dollars). Here, people started to hype it, and everyone began talking about it. The signs and radio broadcasts started talking about it because, in that time, no one expected Bitcoin to jump and achieve its historic peaks. Exactly here, when it became famous, after all that hype and these fast bulls brought several things, the most important of which is:
- The existence of speculators means, guys, thanks to this hype they found these speculators because, luckily, the market is a place where manipulation happens. If there is no manipulation, no one here can profit from it. And here, some remarkable things appeared, the most important of which is:
- The (Fomo) signs
_ excessive rise, meaning it rose more than what’s reasonable. And here, by itself, Bitcoin collapsed.
> collapse > fear > a bottom > building a new bottom
In brief.
> excessive rises > loud media hype > collapse > fear > building a new bottom
And this is the life of Bitcoin, and Bitcoin continues with these stages. We are here observing when it rose and achieved that rise. When it reached the 121,000 thousand dollar region, then it fell and achieved new support at the level of 51 thousand. Did you see that yourselves? Surely you did. The one who can’t read a chart won’t understand anything. In short, this is Bitcoin’s life cycle: when it rises—an excessive rise—know that at this point it will collapse.
- The fourth stage: which was from the same world as the previous one.
@The story:
After the previous stage, Bitcoin entered a platform crisis. Back then, it was on a platform called (Mt Gox). And this was one of the biggest platforms at that time. But something unexpected happened—it turned the balance of Bitcoin upside down. It happened with penetration, manipulation, and the theft of Bitcoin. And here, exactly, people started to be afraid, and everyone started selling Bitcoin. Here exactly, people stopped trusting Bitcoin. And here, a new factor appeared that harms Bitcoin: damage from platforms that led to several factors, the most important of which is:
- Breach - platform bankruptcy - freezing funds - fraud - regulatory problem
So the market here sold Bitcoin strongly. And if the market psychology is sound, but the environment around Bitcoin can cause collapse. And this is an important point—briefly, when the market psychology is at its best, but the surrounding structure is what’s playing the most important role, focus on that.
- The fifth stage: which was in the year (2015)
@The story
After the previous stage here, in this stage, and in this year, the second mining of Bitcoin (Halving) was done—after the first mining that we talked about earlier. Who remembers in the year (2008), when the block associated with it had number (0)? Who remembers? Hhhhhhh—let’s continue.
And the reward in this mining was 25 Bitcoin pieces; it became 12.5 Bitcoin pieces, for your information. After each mining, the reward decreases and does not increase. Focus on this information because it will benefit us more in the remaining episodes.
Here, after the new edition for the year, mining means a new release. And within that, there is rarity in supply—you will say, how will I explain it to you?
a rule (if the supply is low and the demand for it is high—here or increases—then it creates an ascending environment for Bitcoin, and the opposite is also true). Focus on that.
This is an important point among the points that raise Bitcoin.
Also (it’s not that the button for going up in mining is what changes the supply-and-demand economy in supply) but it is definitely a complement to it. Of course, we don’t rely on just this information; there is a huge amount ahead. But if you learn piece by piece and connect them, you’ll be creative in Bitcoin.
- The sixth stage: which was from the year (2017)
@The story
After the previous stage in this year, and it’s the most distinctive year—because in this year Bitcoin entered the era of mass speculation. This stage brought popular explosions and the spread of digital currencies. Bitcoin reached and achieved historic peaks. Do you expect how far it went? I’ll tell you: it reached a crazy level—then you’ll understand why I called it a distinctive year. It reached and set a very big record in its world, namely (20000) dollars. Wow. Exactly here—I want you to know why I held on to the leader and went to research him.
And after reaching these strong levels, it found several things, the most important of which is:
- Individual investors appeared. - Second thing: social media (Fomo). - Third thing: huge speculations entered, and new money entered. Then something happened that changed the balance of Bitcoin after all that huge amount we’ll talk about in the next episodes—what do you think it was? Send me your comment.
@I hope you benefit from the explanation of the episode from our humble series, because this was worked on—it’s a very strong research. Don’t underestimate it.
I wish you continued success in your life, and I hope you become among the greatest analysts.