Bitcoin continues to decline in 2022

Bitcoin continues to decline in 2022

Bitcoin stopped falling for a while, but it didn’t break the trend 😥 I’m watching again after the first purchase on the 1st.
How long will the coin decline last? The trend line below is likely to break 40 million won.
I’m looking at 36 million won as a support line, and if the support line is broken, it could fall below 20 million won.
😨 Is winter coming again? …
I went through an ice age of about three years from 2018 to the end of 2021.
I couldn’t make a big profit because I couldn’t last that long and sold little by little.
If it doesn’t come down to the first support line or rebound, there will be no additional purchases, so I brought some news on how to deal with coins in 2022.
As the stock price of ✅ PayPal plunged, it is indirectly linked to Bitcoin.
Shares of U.S.
payment giant PayPal fell sharply by 25% on January 2.
Schiffgold founder, who frequently tweets against Bitcoin, said the price crash could have a negative impact on Bitcoin.
He tweeted that PayPal is deeply embedded in the cryptocurrency system and has adopted Bitcoin along with three other top 10 cryptocurrencies (Bitcoin Cash, Lightcoin, and Ethereum).
PayPal is one of the most chosen stocks by investors who want to invest in ready-made stocks that are likely to rise along with cryptocurrency.
About two weeks ago, Schiff tweeted, “Bitcoin is likely to go below $30,000 soon.”

He said that if that happens, the BTC will plunge from the $10,000 level.
😣 ✅ More than 1,000 new cryptocurrencies appeared in January 2022.
According to Finnbold, an average of 30 new cryptocurrencies every day, more than 1,000 new cryptocurrencies appeared in January 2022.
According to the data, it was confirmed that the number of cryptocurrency assets was 16,238 on January 1, 2022.
The number of cryptocurrencies distributed on January 31 was 17,240, which means that 1,002 new ones were introduced in a month.
In addition, as of February 2, 17,275 cryptocurrencies are on the market, but this number is expected to increase further.
According to coin market cap statistics, the new cryptocurrency grew 6.
17% from the beginning of the month to the end of the month, the same as 33 assets being added every day until the 31st.
It is worth mentioning that the number of cryptocurrencies increased in parallel with the growth of the cryptocurrency market in 2021.
As of January 1, 2021, the number of cryptocurrency assets was 8,153, and as of December 31, 16,223, an additional 8,070 in 2021 alone, an increase of 98.
98% from the previous year.
In 2021, an average of 21 new cryptocurrencies were introduced to the market per day, suggesting that if an average of 33 new cryptocurrencies are maintained, the number of new introductions in 2022 could exceed last year.
Peter Schiff, CEO of Euro Pacific Capital and founder of Schiffgold, tweeted about the 25% plunge in PayPal shares.
Grayscale, which mainly invested in virtual assets launched by ✅ asset management company Grayscale Investments (ETF), took its first step into the $7 trillion exchange ETF market.
Grayscale Investment said on the 2nd (local time) that it has started trading “Grayscale Future of Finance” ETF on the New York Stock Exchange.”

Grayscale is the first step in our efforts to transform itself into a global ETF issuer,

” said David Laval, global CEO of Grayscale.”

We created it to follow companies that are actively building and developing the digital economy.”

These include Silver Gate Capital, Coinbase Global, PayPal, and Robin Hood.
GFOF will not include chip manufacturers for virtual asset miners or companies with bitcoin bonds.

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