Ethereum and Bitcoin’s big year

Bitcoin just won’t go away. The original cryptocurrency again had commentators eating their words in 2020. At the time of writing this post Bitcoin price is at USD 27,700 which represents 245% increase in the year. Ethereum is up even higher with a 395% increase over 12 months period.

Since Bitcoin’s market capitalization reached $1 billion in March 2013, there have been two cycles of spikes to record highs, followed by drawdowns of more than 80%. 

However, drops of 80% are welcomed as fortuitous buying opportunities.

Each of those cycles were preceded by a halving of the block reward. The first cycle could be dismissed as an anomaly, the second as a coincidence. But a halving again occurred in May, and the cycle is repeating before our eyes with the cryptocurrency coming within a whisker of the all-time peak today. To ignore it now is to dismiss the evidence of history.

Like social networks, cryptocurrencies derive their value from the number of users. I could build a platform with the exact qualities of, and even some improvements over, Facebook, but achieving critical mass is another matter.

The cryptocurrency remains a speculative asset and more needs to happen to secure its claim to preserve wealth over time. Volatility would have to decline, and a reliable link to inflation would have to emerge. But to bet against Bitcoin recovering from the next crash is to bet against experience. And its sheer, bloody-minded survival is what gives it the best chance at eventually becoming the ultimate store of value.

How BrozBot make money with Bitcoin fluctuation?

Depending on volatility, there can be anywhere between 5 and 10 trade setups on a typical day, and each trade setup may have between 1 and 12 entry points. BrozBot works with buys and sells, so whatever the market direction is, we can make profit. 

BrozBot uses 100% technical analysis on 60 minute, 15 minute and 5 minute charts to identify new trends, overbought/oversold conditions and double-tops/bottoms to determine Buys and Sells.

Only trades with 70%+ probability of success are taken. Signals generated under 70% chance of winning are ignored.

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