Will Bitcoin Continue Its Meteoric Ascent, Or Will Its Holders Be Left Holding The Bag?

That feeling one might sense in the air currently surrounding many cryptocurrencies is FUD. It is being spread by the bearish naysayers, particularly in the Bitcoin market, as it reaches new highs and then retreats, retracing some but not all of its increase. While many speculators remain bullish on the future of this cryptocurrency, the bears loudly cry that there is nothing to support the continued increasing trend of its value.

The bulls maintain an optimistic view as indicated by their overwhelming tendency to HODL this asset. Some of them have even proclaimed their undying loyalty, convinced of their steadfast positions as the Bitcoin increases sat by sat, much to the chagrin of those bearish on the future of BTC.

As many altcoin cryptocurrencies have been climbing rapidly in value, following Bitcoin’s huge upward trend, there is an increasing demand for stability in the markets. The wide swings in value of Bitcoin has caused many to speculate that stablecoins might well be the future of crypto, in an attempt to even out the rapid whipsaws in valuation for which cryptocurrencies are known.

Many traders though don’t wish to take a stand on the future of crypto and are taking advantage of this intrinsic volatility by establishing positions in trading pairs. This is the term for having positions in two particular assets whose values move in opposite directions of one another fairly equally. Their values will theoretically increase or decrease compared to one another in an amount sufficient for the trader to make a profit, regardless of which way the market eventually moves.

In any event, no one can predict the future accurately, and although the present is bright for cryptocurrency, one can only hope that those who are bullish on Bitcoin now do not ultimately become bagholders.

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altcoin (n.):
Any cryptocurrency that is alternative to Bitcoin. They use blockchain as does Bitcoin, which allows the secure peer-to-peer transactions for which cryptocurrencies are known, but which are altered slightly from Bitcoin’s, in order to be attractive to the vagaries of individual speculators, investors and holders.

bagholder (n.):
Term used to describe a holder of any shares of worthless stocks or cryptocurrencies which have failed and become worthless.

bear/bearish (n.)/(adj.):
A bear is someone who believes that the value of an investment or asset (in this case, cryptocurrency) will decline and who is intent upon profiting from the decrease. Bearish is the term used to describe the opinion of this person with regard to the particular market.

bull/bullish (n.)/(adj.):
A bull is someone who believes that the value of an investment or asset (here, cryptocurrency) will rise and who is intent upon profiting from the increase. Bullish is the term used to describe the mindset of this person in relation to the particular asset’s market conditions.

FUD (n.; slang):
Diminutive of “Fear, Uncertainty, and Doubt”. This is a term for the instilling of these emotions in followers, investors in and holders of an asset in an attempt to manipulate the value of the asset, asset class, or market strongly downward.

HODL (n.; slang):
Term used to indicate the ownership and holding of a cryptocurrency rather than selling it.

sats (n.):
Diminutive of Satoshi, the tiniest unit of the Bitcoin cryptocurrency (BTC). One sat (Satoshi) is equal to one hundred millionth of a Bitcoin (0.00000001 BTC).

stablecoin (n.):
A cryptocurrency which is valued according to a relatively “stable” asset or collection of same. This is done to minimize the wild variations in value to which the typical non-stablecoin cryptocurrency is often subject.

trading pair (n.):
Dual positions in assets allowing traders to make profits from nearly any market conditions: upward trending, downtrend or sideways vacillation. Typically established in equities by matching a long position in one stock with a short position in a stock which very closely matches the performance of the long position’s stock, it may also be entered into by purchasing two cryptocurrencies whose values typically will move the opposite direction of one another.

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This is my first post on this site/forum, so please go easy on me yet any constructive comments or criticism are welcomed. It was an enjoyable exercise, and I look forward to more. Thank you @besticofinder at #cryptoacademy for a great initial article!

Alternatively Yours,

A

P.S. What goes in the little box directly underneath this one? It only wants lowercase, letters and one dash. Thank you in advance!