What does the constant growth of bitcoin tell us?

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3 years ago
In community: Cryptocurrency and Blockchain(7b7f)

The disputed cryptocurrency is now worth $ 17,000

This is the first time that bitcoin has reached that figure in almost three years.

The often disputed cryptocurrency is slowly gaining more and more conspirators, and that is influenced by its dizzying growth lately, the corona crisis and the related shaking of national currencies, specifically the dollar.

A week ago, bitcoin reached a value of exactly 16,019 dollars, and today the price of this cryptocurrency is around 17,000 dollars. This suggests that bitcoin is approaching record high levels, which almost three years ago fueled mania among investors, but it all ended in a sudden collapse.

From a maximum of almost 20,000 US dollars in December 2017, the digital coin dropped to only 3,136 US dollars within a year. That, however, more than doubled in 2020.

According to some forecasts, by 2030, bitcoin could be worth as much as $ 400,000, and analysts predict a bright future for some other forms of digital money, such as bitcoin cash, ethereum and litecoin.

Not all investors still pay attention to it, but bitcoin definitely has more and more sympathizers. Do you believe in this cryptocurrency?

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3 years ago
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Comments

Tomorrow could be worth $ 10 or $ 30,000, no one knows, lottery

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User's avatar GreenOasis
3 years ago

Tomorrow could be worth $ 10 or $ 30,000, no one knows, lottery

Maybe.

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User's avatar Snezana28
3 years ago

I think it will go up until new year. After that it will be about 16.000$. But it will never lose worth

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User's avatar AngryKoala
3 years ago

I think it will go up until new year. After that it will be about 16.000$. But it will never lose worth I am of your opinion too.

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User's avatar Snezana28
3 years ago

It is not about believing, I guess. But this is possible to explain why it grows. It is more difficult to understand and predict.

I heard bitcoin is an open code, so I do not understand why 2nd but same bitcoin can't be launched. So this is only a matter of trust. I can imagine a crash very easily and remember bitcoin pizza day. 10'000 BTC was paid for a Pizza in 2010. Maybe this indicates a real price of this coin? I do not know !

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User's avatar Swca.ch
3 years ago

I think it's indisputable by now that cryptocurrencies have value. The current indicators show us that we're heading toward a bull market, which is a good thing for those of us who have been expecting such a thing to happen for 3 years now. Circumstances have also facilitated the crypto market's growth, that's undeniable. What I'm wondering is, can crypto keep going onwards and make a new record in terms of market cap growth? And when the inevitable drop happens, can it at least stay over previous low levels like those in 2018? For me, that would be a significant growth.

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User's avatar angelikip
3 years ago

Crypto are our bright future. I hope that we will succeed in overcoming the state so that it cannot control our "digital assets"

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User's avatar Feniks25
3 years ago

Crypto are our bright future. I hope that we will succeed in overcoming the state so that it cannot control our "digital assets"

I doubt it, no one has overpowered the state.

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User's avatar Snezana28
3 years ago

I believe of course, but everything is very expensive. The most common transaction when I want to do they charge me a large fee, so I prefer bch :)

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User's avatar Jigglyspy
3 years ago

bitcoin will grow until the new year and will reach a price of $ 20,000, it is possible that the big players will then sell and the price will fall.

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User's avatar uglyduckling
3 years ago

Just let him jump, thank God.

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User's avatar Misko1998
3 years ago

Just let it grow, it is a pleasure for everyone

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User's avatar bankarica
3 years ago

I believe it, but $ 400,000 seems excessive to me....

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User's avatar billy74
3 years ago

I believe it, but $ 400,000 seems excessive to me....

It seems excessive to me too, but time will tell.

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User's avatar Snezana28
3 years ago

It tell us to sell all our Btc :D wait untill they cross 21 thousand and then sell

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User's avatar kajabgd1
3 years ago

I honestly think that there will be a jump, but that the world powers will not allow a big jump.

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User's avatar minimaus
3 years ago

I honestly think that there will be a jump, but that the world powers will not allow a big jump

I appreciate your opinion, my friend.

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User's avatar Snezana28
3 years ago

I believe in cryptocurrencies,the price of Bitcoin increased,today is 18.700$

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User's avatar Purebeauty
3 years ago

I believe in cryptocurrencies,the price of Bitcoin increased,today is 18.700$

Thanks for the info, bitcoin is really growing.

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User's avatar Snezana28
3 years ago
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