The most important characteristic of the new kind of Cryptocurrency, the Bitcoins, is its price chart. It has a unique characteristic of increasing in value with time. This graph shows that as the price increases, the number of buyers also increases, consequently, so does the trading volume. The high price of Bitcoins was created due to its usefulness as a medium of payment for online services, such as online casinos, instant purchasing of goods and payment of taxes and services. It is true that it might sound like an exaggeration, but this kind of graph is quite common in other forms of currencies. In fact, if you look at the price charts of other commonly traded commodities like gold, oil, and other commodities, you will see that the price of Bitcoins is very similar to the price of other commodities.
One reason why people think that the price graph is interesting is because it shows a downward trend of trading volume over a long period of time. This trend line shows a downward trend line that goes through all the high points of the prices from late 2021 till present. ฮอตกราฟ This downward trend line can also be called the Fibonacci spiral, and according to traders, this spiral has important implications for the future of the Bitcoins.
One of these implications is that the recent increase of the number of traders is being predicted to continue for a further three to four years. Another implication is that the current trend of increased trading volumes is the continuation of the current trend. If this is so, then we can safely say that we are entering an era of prolonged high growth rates. This will be accompanied by the further rise in popularity of Bitcoins. The third and most important implication is that we may very well be entering a new financial horizon, the era of hyperinflation. Thus, we are going to see major political and social changes in the near future.
Due to these important implications, there are people who think that it’s time for the bitcoins to enter a new era and start providing services that are much more akin to traditional markets. Some of them (i.e. the ones who believe that price charts should still be made based on the historical price trends) consider that the best method for predicting future price trends is the analysis of the present trading volume.
They argue that since the price trends are being predicted using historical data, then it follows that we can also predict the future trading volume using the same method. The argument they make is that the Bitcoin graph shows the last 1000 trading events, and since each event happened after the last one, then we can draw a trend line using the data. They argue that the trend line shows a strong upward movement that will eventually lead to a reversal, which will result in a price increase. Accordingly, they believe that as the number of users increases, we will observe a continuous increase in the price prices until the bubble burst. Therefore, they argue that the future prices will be based on future trading volume.
There are a number of things to be considered here. However, it is my conviction that the trend lines drawn by most people on the price chart of the Bitcoin graph do not accurately represent the underlying trend. This is because they are drawn on a flat and high price chart, which inevitably leads to a deviation from the true range of prices.