Super-Healthy Bitcoin | Technical Analysis

18 באוג׳

How do we define health for an asset like Bitcoin?

If we are talking about a human being, health is of course measured by the state of mind and the state of the physical body. A super-healthy human must have a sound and strong state of mind, as well as a fully functioning physical body...

But, what about Bitcoin?

➢ Bitcoin is a cryptocurrency. Bitcoin is money.
➢ Bitcoin's value is measured by pitting it against fiat currencies.

In short; we can determine Bitcoin's health by looking at its price and the state of the underlying network supporting it, the protocol.

We know Bitcoin's protocol to be sound and strong. Fully working, 100% live, active, 24/7 forever. Stable and decentralized. CHECK!

➢ Bitcoin's price is awesome right now. Period!

Bitcoin is super-healthy because its structure, its "physical body," in our analogy, is healthy and fully functioning, and its "state of mind," its price, is really, really strong. So we have a super-healthy Bitcoin.


➖ Bitcoin & The Altcoins Market

The cryptocurrency market is not only Bitcoin. The cryptocurrency market is much more than just Bitcoin, it also includes the altcoins but the altcoins are a million and Bitcoin is one. A million to one relationship: 1,000,000:1.

Let's try a new analogy: Imagine a tree. A big, great, awesome, beautiful fruit giving tree. This tree is our cryptocurrency market.

Bitcoin is the root of the tree.

You cannot see the root of the tree but you sure well know that it is needed for the tree to grow, to stay vibrant and healthy. It is needed for support and for the nutrition of the plant. But you do not uproot the tree to eat it, this would kill it. Instead, you water the plant, take care of it and let it grow... Until it gives fruits.

When you want to enjoy your tree, you eat the fruits... The fruits are the altcoins.

Bitcoin is the root and the fruits are the altcoins.

We support Bitcoin but we do not want to damage it, if we want to eat and enjoy bounty nutrition, we go straight to the fruits.

The trunk are the developers and the geniuses working behind the scenes; we, the inspirational writers, are the leaves of the cryptocurrency market.

The plant also gets nutrition from its leaves, through the sun, but to grow it does so mainly from its root.

➢ Bitcoin is doing good, super-healthy, growing and strong.

You can do and think whatever you want but to me...

Bitcoin is going up!

Namaste.