WhaleGamer: The Great Crypto Winter Part 1 - Articles 101 to 5,000 views!!!

 The Great Crypto Winter Part 1


Hey guys, this is something most of you guys have been waiting for. The Crypto Winter (This is all my opinion and I got my info from www.marketwatch.com so go check their website out.) 

Note: The glossary is at the bottom.

Alright, so we are all aware that Bitcoin and Ethereum were doing very well late October. Bitcoin peaked  at $68,000 and Ethereum at $4,800. Originally most people were expecting Ether to end the year at $11,000 and Bitcoin at $120,000.  

However, these plans changed when Bitcoin dropped $3,000, went up $2,000 and dropped another $5,000! Ether was going up and down and up and down like “dancing monkeys” (See at the end for financial definition) until it crashed another $600. 

Another  thing I should bring up is the interest rate. On coinbase the interest rate is at 5% for bitcoin and 6% for Ethereum. They dropped to 4% and  5% a week later. 

Investors are also very nervous about this because the last crypto crash lasted for 2 ½ months, and what happens to Bitcoin happens to Ethereum!! I hope you guys found this article informative and stay tuned for Part 2! 


Peace, Follow, Happiness!


And make sure to check out some of my Minecraft Blogs and some other Geography Blogs. Please follow our blog by clicking on the three bars at the top of our main page, and then click “follow”. It would really help us. Thank you!

Special Thanks To: BlogReadinIsAwesome for the spectacular fan art!  


Glossary: 

Interest Rate: The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. 

Dancing Monkeys: A term used to describe a stock when it keeps going up or down for more than 2 days.

Ether: The shortened term for Ethereum.

Comments

  1. Articles 101 TeamNovember 20, 2021 at 1:28 PM

    Thank You everyone for all your support. We are trying to reach 5,000 views by the 29th! So help us on our adventure!!!

    ReplyDelete
  2. HypeNovember 23, 2021 at 2:09 PM

    Super informative! Thank you for sharing!

    ReplyDelete

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