The price of BTC exceeded 170,000, which was a new high

BTC's recent performance has been really satisfying. It continues to break new highs. After breaking the new highs of the previous bull market, it has risen by 30%. Bitcoin is already huge, and it can still go up like this. Yes, it appears that there is always a steady flow of funds entering the market.

The main reason for the steady increase in BTC is because institutional funds are constantly buying. As some sources have said, Bitcoin has been de-retailed. Since institutional funds continue to be added, compared to the previous market which was dominated by retail investors. In other words, the market will also be more rational and calm.

"The price of BTC has reached new heights again. Fund rotation and hotspot switching is inevitable. Will there be a market where thousands of coins will go up?" . Such market characteristics will also affect our investment strategy, the current market is more suitable for a buying strategy every fall.

The main difference between this wave of the bitcoin market and the bull market in previous years is the structure of the market, that is, the structure of the holders. In recent years, this market is still a very niche and geek market. Bitcoin holders are very small, but as BTC has skyrocketed, more and more people are starting to understand and enter the market.

Skyrocket is the best advertisement. With Bitcoin skyrocketing, many people have changed their view of BTC, and less people are saying that it is a scam. Even some higher-ups who are not optimistic about BTC have started to change. Views on BTC, like the boss of the Bridgewater Fund. Bitcoin is not only not collapsing like the so-called "experts", but also continues to increase.

2020 was also an important year for Bitcoin. Not only has it surpassed its previous highs, but many institutional investors have started to enter the market. Several listed companies have started to allocate part of their funds to allocate Bitcoin, even insurance and pension rates Funds have also started allocating bitcoin. Compared to retail investors, this institutional investor will take longer. For example, some insurers and pension funds are long-term investors.

Apart from the fact that some institutions buy bitcoin, there are definitely many institutions that don't publicly buy bitcoin, even some rich people and some celebrities buy bitcoin, but they are not public for some privacy reasons. As Starling said, this type of energy had never appeared in currency circles in the past, and the amount of funds was constantly rolling in.

"The price of BTC has reached new heights again. Fund rotation and hotspot switching is inevitable. Will there be a market where thousands of coins will rise?" /> A steady influx of institutional funds will boost and support the Bitcoin reserve price.

Since Bitcoin has skyrocketed, will there be a situation where there will be a general increase of thousands of coins?

"The price of BTC has reached new heights again. Fund rotation and hotspot switching is inevitable. Will there be a market where thousands of coins will rise?" /> In Mynah's opinion, the reason for the general rise of thousands of coins is currently not being found. Institutions continue to enter the market, but most institutions buy BTC, and some altcoins may experience a key attack by the SEC, plus surveillance and domestic Deposits and withdrawals are not smooth sailing, and many retail investors are speculating about buried copycats and losing their motivation. So at least right now, we can't see a situation of thousands of coins skyrocketing.

Fund rotation and hotspot switching cannot be avoided

"The price of BTC has reached new heights again. Fund rotation and hotspot switching is inevitable. Will there be a market where thousands of coins will go up?" /> Bitcoin is soaring, is there an opportunity for another coin?

Since BTC is soaring, everyone is buying only BTC. In fact, even though BTC is now surging, it hasn't been up all the time. Looking back at the market in August and September of this year, DEFI coins continue to have surged, there have even been some DEFI coins that have risen several times, and have appeared hundreds of times. Back then, BTC was basically immovable, in fact some BTC holders even sold BTC for ETH based tokens. Let's go mining.

Only when DEFI's popularity slows down will BTC start to wildly increase, funding rotations and hotspot switching will inevitably occur. It's just that BTC has a stable over-the-counter cash flow that raises the lower limit. Unlike BTC, altcoins have a shift in market funds.

Therefore, apart from BTC, other currencies also have opportunities, but for most ordinary investors, investing in BTC is clearer, and altcoins are harder to understand. Think about how many speculators are around the DEFI market this year. Your friends know that you make a lot of money. It is not easy to control, and depends more on luck.

part of the blockchain community has also summed up some problems with the green onion group at the lodge:

1) Memory is only three seconds, often only a few large lines in the cottage, but forget about long small falls.

Looking at the market in 2018 and 2019, most of the altcoins have plunged around 90%, and some have even returned to zero. Of course, these altcoins also have high light moments, and compared to high light moments, they are cloudier + plummet.

2) Most of the leeks leave the fields in a state of confusion and become the silent majority, leaving behind the darlings of the survivors, causing newcomers to think that they can become the darlings of the cottage.

In the process of coin speculation, we should pay more attention to the survivors' drift. The silent majority is the group we most easily ignore.

3) If you don't look at statistics and don't believe in math, your copycat will never be the chosen one.

From a probabilistic point of view, the performance of the altcoin market has declined more, and the time of the spotlight is very short. It is difficult for us to understand the market. In contrast, Bitcoin is the most widely recognized encryption in the world. Currencies are also easier for us to understand, but for most investors, they feel that BTC has increased a lot, and fortunately feel that their preferred currency will rise more than BTC, but cold facts often hit us.

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