If Bitcoin Again Drops to USD 16k?
EVERYBODY is so Happy! Bitcoin reaches beyond USD 71k!
The price of Bitcoin, aka BTC, has gone beyond USD 71k!
The BTC holders are so happy!
The altcoins also rise.
BitcoinCash, aka BCH, also goes beyond USD 500!
The BCH community is so happy!
It includes me as well. The BCH developers have followed the right technology policies, developments, and implementations.
Don't forget BTC went down to USD 16k two years ago!
Do you want to forget that BTC went down to USD 16k after attaining the USD 60k just a couple of years ago?
I don't forget that BCH rose to USD 3k just after initiating its journey in 2017 as a hard fork of BTC.
BCH also rose to USD 1.5k in 2021.
But again, the cryptocurrency market dropped, and BCH dropped to USD 100 and lower just a year ago!
The cryptocurrency market is volatile and fluctuates with its own frequency.
When the cryptocurrency prices are riding higher, it points towards a steep dip sooner or later!
I will be the happiest in the cryptocurrency community if cryptocurrency prices continue increasing monotonically.
But, it won't happen by our mere wish.
Anything can happen on any day in the financial market!
The financial market predicters don't have any control over the market fluctuations.
Economics is a subject of statistical analyses and predictions.
As per the mathematical analyses, economics is brighter in the future.
In theory, the funds may increase with time, but real-world resources matter most.
If real-world resources grow, the economy will grow.
Cryptocurrency is volatile, and anything can happen on any day!
Cryptocurrency pumps resources from the real world.
Unless there is solid growth in the real world, there is little hope that cryptocurrencies will continue to grow.
The only cryptocurrency trait I appreciate most is it is decentralized.
I will be happy with a decent cryptocurrency rate.
Stability is preferable to fluctuation.
However, market fluctuation is unavoidable for all currencies.
Cryptocurrency is inherently volatile, and anything may happen to the domain of cryptocurrency.
<> Originally published on my Publish0x blog.
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I am a researcher and contribute to the overlapping areas of STEAM (Science, Technology, Engineering, Arts, and Mathematics). I am an active user and promoter of GNU/Linux, free and open-source software. I develop cybersecurity and information security solutions, specifically graphical authentication security.
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May 21, 2024