Bitcoin price change

We have already spoken on several occasions of the Bitcoin price volatilitybut these days There’s been a major change in the Bitcoin price and all for a couple of April Fols’ Day jokes.

Bajist (or Bearish) trend

If you are not very up to date on the Bitcoin and its price and the last references you have are the ones we are commenting on here, you will have taken a chafon as The last time we talked about the price was about $15,000.. That season at the end of 2017 was spectacular, it got to play almost $20,000 and there were nights that would raise $2,000 while you were sleeping. It was a time of golden bubble where you put the money you put in a cryptomoneda within a few days I would go up and give you benefits.

But obviously that could not be maintained, I don’t know what motivated all that new money to enter Bitcoin (surely those peaks and increases in value) but I know a lot of people who decided to invest in cryptomonedas during that time… and they’ve all taken a slug: during 2018 the price of the Bitcoin has only dropped, reaching the $2800 (imagine the people who bought at $10,000) and have not given too many signs of recovery… until now.

For a few days now, specifically since April 1 (April Fool’s Day, the day of the ‘innocent’ all over the world but in Spain we are this cool and celebrate it on December 28), the price is back up. It has gone up from the $3200-$ 3400 in which it was in until it played the $5600, although at the moment it has fallen a little to $5200 and it seems that it will remain there for a few days consolidating that price:

The reasons for the rise are not clear, but it all points out that it was due to an April Fool’s Day ‘inocentada’ where an important Twitter investment account said one of the regulatory regulations was going to be approved to be able to invest in Bitcoin futures (known as ETF).

And you will say ‘but if the grace of Bitcoin is precisely that it cannot be regulated’ and you are absolutely right, it seems to me a very good question! xD But the thing is that investors are waiting for that kind of regulation that would allow investment in futures and regulate investments to avoid ghost purchase and sale orders and some of the tricks that large investors usually use to move the price of the Bitcoin at your will.

The power of the ‘influencers’

On the other hand, we have the friend. Elon Musk, the CEO of Tesla and Space X, you know. This guy is a horny and his tweets On Twitter they start to look like Trump’s. It has no censorship, it publishes what it wants and, sometimes, under the effects of illegal substances that we say are bought on the Tor network. The point is, Elon commented that his favorite cryptomoneda is Dogecoin… and wing, to fly, a lot of people trusted Elon’s prediction and decided to get in the car buying that same coin:

Whatever. the price of the Bitcoin has managed to awaken a little bit and return to the 5000 $strip with the blood bath of the rest of altcoins, of which we have already spoken in this entrance. The altcoins are matched with the Bitcoin (you can’t go directly into them, you have to buy them using Bitcoin) and the curious thing is that when the Bitcoin is down the altcoins are down… but when the Bitcoin is up the price… the altcoins are down! Because investors sell them to ‘take refuge’ in Bitcoin which is what’s going up (and the basic idea of this type of investment, have more and more Bitcoins). Still,

ong > I think it’s time to wait a little while until it stabilizes and as soon as we see a strip in which it moves stable, reinvest in altcoins.