Cryptocurrencies, Bitcoin rate rising and falling

Started by lokdown, Jul 24, 2022, 02:08 AM

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Do you earn on cryptocurrency?

1 (25%)
0 (0%)
Not involved
0 (0%)
Going to start
3 (75%)

Total Members Voted: 4

lokdownTopic starter

What is the opinion of the aristocrats regarding the future of Bitcoin's exchange rate? Have any of you engaged in cryptocurrency trading on exchanges, and if so, which ones and for what reason?

Perhaps some of you have even established your own platform. Personally, I began trading on Poloniex slightly over a week ago, and have made a modest profit. Although I was completely unfamiliar with this field last week, I have now gained some understanding of it. Please share your own experiences.


I find Bitcoin relatively unexciting as it lacks the same level of volatility as certain other alternative coins. My primary earnings have come and are still coming from the top alternative coins, specifically Ripple, Ethereum and Litecoin.

Currently, I'm considering investing in Ethereum due to its significant decline in value, which is common with most other cryptocurrencies. However, my portfolio already contains a variety of alternative coins. Have any of you taken advantage of the recent market crash?

Adam Greer

In recent years, the value of Bitcoin and other cryptocurrencies has been closely linked to the monetary policies of the US Federal Reserve. Following the outbreak of the coronavirus pandemic in 2021, the regulator's quantitative easing measures created an advantageous investment environment in which both stocks and cryptocurrencies experienced growth.

However, Bloomberg warns in a May report that quantitative tightening may trigger the opposite effect. Recently, Bitcoin experienced a 14% drop in value, falling below $23,000 for the first time since 2021. Similarly, Ethereum also hit a new low, dropping to $1.8 thousand, its lowest value since July 2021. Joe DiPasquale, CEO of BitBull Capital cryptocurrency hedge fund, stated that an increase in interest rates, historical pace of monetary policy tightening, the strengthening of the US dollar against other currencies and a decline in global growth forecasts are all factors that will contribute to a decrease in the value of Bitcoin.