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dumcom

dumcom

@t_dumcom

Number of Followers:0
Registration Date :6/19/2024
Trader's Social Network :refrence
ارزدیجیتال
Rank among 42937 traders
0%
Trader's 6-month performance
(Average 6-month return of top 100 traders :15.5%)
(BTC 6-month return :7.3%)
Analysis Power
0
3Number of Messages

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BTC،Technical،dumcom

The chart performance of Bitcoin from 2016 onwards is similar to Amazon's from 1997 onwards when overlaying the two charts. When looking at fundamentals both are innovative technologies that have network effects. Both are misunderstood at times and overbought at other times. The overlayed chart reminds about the risk of a short-term decrease in Bitcoin's price, but also reminds of the importance of keeping a long-term view if Bitcoin continues to perform similarly to how the stock price of Amazon did. This is not financial advice, your capital is at risk in all investments, don't invest unless you're prepared to lose all the money you invest. Bitcoin has a very high risk associated to it, do your own research, do not take any actions based on this idea.

Translated from: English
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Signal Type: Neutral
Time Frame:
1 month
Price at Publish Time:
$65,136.53
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.

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