Will Bitcoin Ever Hit Six Figures? Now Or In The Nearest Future?

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Avatar for ADEPRETTY
3 years ago

Firstly am not a bitcoin miner before but I noticed that bitcoin is increasing rapidly compared to it starting point. I could remember I heard of a story where a guy used his Bitcoin cash to buy a pizza. Assuming he can look forward into the future and see for himself, he wouldn't have done such.

Will Bitcoin Ever Hit Six Figures? Now or In The Nearest Future?

Have you ever heard of Bitcoin, if you are witty digitally, definitely I know you would have heard of it but you might have been thinking what can I gain from Bitcoin or is it really profitable if I invest in it?

One thing that is very certain in a market world is that you don’t drive the market, the market moves on its own but you can study how the market moves and take advantage of such market patterns and movement.

For the crypto savvy, I know you must have heard lots of arguments whether online or offline that Bitcoin will keep increasing in value while some others still believe that it has reached its peak value and might not go any further.

Presently, a Bitcoin worth over Ten Thousand Dollars and has the All Time High Price of $19,647.31 which happened on the 16th of December, 2017 which is approximately three years.

Now coming to the main question: Will it ever hit six figures in the Nearest future? One thing we must all know is that Bitcoin’s 95% Volume is not really REAL, when it comes to Exchanging. The real guys that moves the market would not want to get to a point where they would not really make much from the Bitcoin market anymore.

They will come up with charts that will suggest to you that Bitcoin will actually have a rise, you might probably even get a fake out rise, but what happens after a while, you see that it all goes down and you are already in so much loss.

Another question you might want to ask yourself in the Bitcoin market is that, can you pay so much money (Six Figures) just to acquire a single Bitcoin? Probably your answer is a No, you see.

The real investors in the Bitcoin market are the institutions that make money when little traders try to take advantage of the market by buying or selling the bitcoin into other currencies.

These people wouldn’t really benefit so much when the price is that high and all they want is that you all keep trading at the same rate and they charge you for trying to make little money from the market. And they are actually the Bitcoin Price Mover.

But no one could predict the future. Assuming one Knows what may come tomorrow, everyone wouldn't be suffering or lack anything.In my judgement, Bitcoin might never hit that Price but might break the All-time High probably in the nearest future.

Friends, let me know your own view in the comments section.. Do you think Bitcoin can reach six figures very soon?

Thanks for reading.

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3 years ago

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I don't really know about bitcoin..... But I hope it hit up to 6 digits soon.......

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3 years ago

nice post Will Bitcoin Ever Hit Six Figures? Now Or In The Nearest Future?..view me

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3 years ago

The question is if it matters if all other cryptocurrencies do the same. Most likely it will not keep it's value for long. Two options left? Everything you buy for Bitcoin/cryptocurrencies will raise if it comes to the price to be paid (the currencies loss their value) or there will be a next run in collecting and a small group will be rich and the rest is not even able to collect is (brokers already did that a few years ago.). No matter how you put it there are people out there in the crypto currency world who do great business and the only value Bitcoin has is the same as the US dollar has: the trust of the people. There is nothing backing up the value of Botcoin, no gold, diamonds, nothing.

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3 years ago

Hmmm have you heard about Inksnation? Where pinkoin is used as currency?I think this might emerge and surpass Bitcoin.... Thinking though..

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3 years ago