Watson
Moderator
For the past few months, some have called crypto cry, as bitcoin continues to fall only to start bouncing back again just two weeks ago and have gone from $33k to now $43k
This to some crypto traders believe, this recent development shows a strong bitcoin and has returned hope to many who almost lost hope in bitcoin and cryptocurrency
As the development is coming at the time when some expect is predicting that bitcoin will hit about $100k in the coming months, hopefully, is expected to reach at least $60k before the end of this year.
While some believe that the recent bitcoin bounce from $33k to $43k was as a result of the Indian Government accepting Cryptocurrencies, where there is a lot of positivity in the market as many believe if crypto enters the mainstream market, then Bitcoin will easily hit up to $100k in a few months from now
While some believe that such a spike in just two months, is a bull trap, that the days of bitcoin are numbered and in reality, bitcoin is going down and more down, so the recent spike is nothing but a bull trap
While many think that no one knows or can tell where bitcoin is going at the moment and that the recent development could be a bull trap or could be an early seed of rally. and may go down again and again as crypto is unpredictable
A Bit Brief History About Bitcoin
Bitcoin remains the first digital currency that was created by an anonymous developer in 2009. Today, it’s valued at over four hundred billion dollars and is the most widely used cryptocurrency in the world.
After the market crash of 2013, many people lost faith in the traditional financial system and turned to Bitcoin as an alternative. Because it’s decentralized (meaning there’s no central bank or controlling authority), the value isn’t affected by fluctuations in international exchange rates.
Bitcoin As A Digital Currency
Bitcoin is an online currency that can be traded anonymously with no middle man. Bitcoin was first released in January 2009 and has since become the most popular form of "cryptocurrency" due to its easy access and lack of restrictions.
Bitcoin operates on a peer-to-peer network, with bitcoins being created through computing power. Bitcoin solves two major problems of traditional currencies - double-spending and inflation.
All has not been going too well with bitcoin for the past few months, but the last two week has yet brought hope to bitcoin trader as the coin moved from $33k to now $43k in just two weeks and is expected to bounce back to up to $60k or $100k
It was created by an individual or group of anonymous individuals and is not governed by any traditional law. Bitcoin was originally designed as a decentralized system to allow for quick, international transactions without the need for a central bank or transaction fee. Bitcoin has become popular in recent months with many people using it to purchase goods and services, while the fate of bitcoin remains unpredictable, it advise that traders should invest wisely, best invest what you can afford to lose
Also Click here to join Worldforum and join the conversation
This to some crypto traders believe, this recent development shows a strong bitcoin and has returned hope to many who almost lost hope in bitcoin and cryptocurrency
As the development is coming at the time when some expect is predicting that bitcoin will hit about $100k in the coming months, hopefully, is expected to reach at least $60k before the end of this year.
While some believe that the recent bitcoin bounce from $33k to $43k was as a result of the Indian Government accepting Cryptocurrencies, where there is a lot of positivity in the market as many believe if crypto enters the mainstream market, then Bitcoin will easily hit up to $100k in a few months from now
While some believe that such a spike in just two months, is a bull trap, that the days of bitcoin are numbered and in reality, bitcoin is going down and more down, so the recent spike is nothing but a bull trap
While many think that no one knows or can tell where bitcoin is going at the moment and that the recent development could be a bull trap or could be an early seed of rally. and may go down again and again as crypto is unpredictable
A Bit Brief History About Bitcoin
Bitcoin remains the first digital currency that was created by an anonymous developer in 2009. Today, it’s valued at over four hundred billion dollars and is the most widely used cryptocurrency in the world.
After the market crash of 2013, many people lost faith in the traditional financial system and turned to Bitcoin as an alternative. Because it’s decentralized (meaning there’s no central bank or controlling authority), the value isn’t affected by fluctuations in international exchange rates.
Bitcoin As A Digital Currency
Bitcoin is an online currency that can be traded anonymously with no middle man. Bitcoin was first released in January 2009 and has since become the most popular form of "cryptocurrency" due to its easy access and lack of restrictions.
Bitcoin operates on a peer-to-peer network, with bitcoins being created through computing power. Bitcoin solves two major problems of traditional currencies - double-spending and inflation.
All has not been going too well with bitcoin for the past few months, but the last two week has yet brought hope to bitcoin trader as the coin moved from $33k to now $43k in just two weeks and is expected to bounce back to up to $60k or $100k
It was created by an individual or group of anonymous individuals and is not governed by any traditional law. Bitcoin was originally designed as a decentralized system to allow for quick, international transactions without the need for a central bank or transaction fee. Bitcoin has become popular in recent months with many people using it to purchase goods and services, while the fate of bitcoin remains unpredictable, it advise that traders should invest wisely, best invest what you can afford to lose
Also Click here to join Worldforum and join the conversation