What is our understanding of CRYPTO Currencies at this juncture?

 23^rd November 2022

What is our understanding of CRYPTO Currencies at this juncture?

Dear Fellow Travellers,

Namaste! Our last post has been a super hit with our readers. They appreciated and made the post most forwarded in their groups. Thanks again to all the readers for their time in reading and appreciating our efforts. After a long time, we are touching the CRYPTO Currency. Let us see the MACRO trend first. 

Sudden Opposition by Major BANKERS of the leading Countries. 

See the game. One fine morning, major bankers started opposing Crypto. They all have declared that they will bring their online currency. RBI also launched our Indian Digital currency on 1^st November as a pilot project. 

The bankers of the respective countries are launching digital currency with a centralized ledger. So, they can control the currency and can manage them for monetary policies. 

Crypto is not a controlled currency and that is becoming a threat to established players. Suppose somebody wants to go against the government – with the crypto in his wallet – he can use his money in any which way and the government can’t trace the transactions also. 

In India, they started a 30% tax on the gains from Crypto. In short, the game to oppose crypto is a World Game and respective Bankers and Finance Ministers have joined. 

So, the one side selling was done by the big people in the USA and other countries where crypto was very much used. They booked the profit. 

What has been the TREND in Crypto Prices? 

I am just sharing the price trend of Bitcoin. 

2017: - It was USD 1000 in January 2017 and it moved to USD 19650 by December 2017. From that high,, it made a low of USD 3184 in December 2018. In one year, the price came down to 18% of the high. So, fall of 82%. 

2021: - From the low of December 2018, the price started moving up. It made a high of USD 64400 in November 2021. From the high, it is now USD15765. It is about 24% of the high. So, if the fall continues the price can go to USD 10000- USD 12000. At the current price, the fall is 76% from the high it made in November 2021. 

The observable point is – it takes 3 years to make a new high and one year to come down to make the bottom. 

From the bottom of December 2018 USD 3184, it moved up approximately 20 times in 3 years to USD 64400. If this time also, it moves by 20 times from the bottom – the price can be USD 2 lakh or more in the coming 3 years. 

Crypto Market Volume 24 hours basis:  - 

Crypto volume was USD 40 Billion at the beginning of 2020 which crossed USD 500 in May 2021. Prices also moved up during the same time. For most of the year 2022 – the volume is in the range of USD 70 billion to USD 100 billion per day. On 9^th November it was above USD 200 billion. 

All the selling which was to be done is over now. The most negative factors have been discounted according to us. 

What was our research on BITCOIN in July 2021?

On 18^th July 2021 – we had written our bold post - The Most Authenticate Research on Bitcoin. This was the call.

It means new Teji in Bitcoin and other cryptos can be expected between 11^th October 2021 to 17^th March 2022.

Bitcoin made USD 64400 in November 2021.

Just remember - Accuracy is our specialty.

What will be the long-term scenario for bitcoin?

In early 2025 – Shani and Rahu will come together in Meena Rashi. Then Rahu will enter Kumbha Rashi. From 2008 to 2028 – Rahu will complete the first cycle. It means major movements in Bitcoin can come in 2025. ( from the blog in 2021)

Just look at the trend of the price movements and our astrological predictions both are tallying. It means those who are ready to make tons of money in the long term – should not miss CRYPTO from their portfolio. 

Those who are interested in detailed research on Bitcoin can read out above-mentioned post in our blog. 

What Next? 

The above post is on Bitcoin only. We have used it as a proxy of the CRYPTO market. However, for actual investors, we strongly suggest researching each of the coins in detail before jumping and buying the same. We are providing Coin wise reports to interested investors.

We are about to start the year 2023. Those who are interested in investing in Indian and USA equity and Crypto – they can approach us for our personalized guidance.

Buffett advises - Time to buy any asset is when everybody is pessimistic.  

Have a great investment.

Follow me on Twitter @hiteshmparikh Or on Whatsapp - +91-9869425399.

Learn a Lesson. Live with Passion & Invest with Reason.

Hitesh Parikh.