Bitcoin' popularity is already mainstream drawing attentions to some entities to invest in bitcoin. But despite all of that, bitcoin has still a bumpy and rough road and its making bitcoin more and more tough as it travel to greatness. And those who panic whenever bitcoin's market value falls deep is not worthy for the roller coaster ride.
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If you have just check the cryptomarkets today, it's already above green status since bitcoin has already recovered more than half of its highest market value ever recorded. Start buying the dip when you see a bloody market and wait for it to rise again.
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Although bitcoin is staying at the 11K USD mark this time, it is still unclear if it's totally in poise and control to rise int a more bigger market cap and higher market value. Let us just enjoy while we can because we don't really know what will happen in the future.
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If bitcoin will continue to rise since being down at 6K USD, then it will surely have a very high market value at the end of this year. I think bitcoin will have a better value than last year at 30K-40K USD.
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
Because bitcoin is a long term currency that is worth the HODL. If you can wait for long and have patience to wait for the proper time, it will surely pays off and you will really have a good harvest at the end.
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yes I believe that btc to be international currency very soon...because it's popularity is increasing day by day
Since bitcoin is already mainstream, it is considered as international currency already with the growing demand of people and its popularity. Hence, its market value as a result of being the mainstream.
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The unpredictable bitcoin price makes a difficult statement when it comes to buying and selling it. So when buying at the right price it will give a profit after selling it. buy when the price is low and hold up to the highest price.
Logically true since bitcoin is very volatile that its market value will rise and fall drastically. That made bitcoin hard to predict as to when to buy the dip when you see a constant dip of its value and same with selling since you don't know when it will stop pumping. All you have to is follow your instinct if you thing it's time to buy the dip and time to sell for a better profit.
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It's because bitcoin is the first cryptocurrency had been created and its the highest value among the others currency.
On top of that, bitcoin became the base cryptocurrency for almost all cryptocurrency which means almost every cryptocurrency (if not) have a pairing value of bitcoin. And that also the reason why alt coins fall when bitcoin falls because of their pairing with bitcoin.
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Yes you are right and last year was the threshold for bitcoin to boom more because of big events related to it. And with the increasing number of ICOs today, it is possible that cryptomarket are also needed to cater the trading services of these cryptos.
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We still have few months left before the end of 1st quarter and bitcoin had already shown to us its presence and dominance once again climbing back to 11K USD mark several days after the bloody cryptos happened.
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I'm afraid not. If there will be a bull run, the only thing it will have in common with Chinese new year, is the time. There are investors who predict a bull run in 2 weeks, but seeing is believing.
I think it's time to believe now since bitcoin has reached 11K USD mark in just a short period of time since it went down to 6K USD a couple of days ago. It seems that this run will last long since the change of its market cap is dominant.
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I never thought bitcoin will reach 11K USD this month since it was down 6K USD lately. If this dominant rise of bitcoin's price continues, then i think bitcoin can reach 15K USD before the end of March.
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I think it's a strategy of a frustrated individual who missed to invest bitcoin when it was still very cheap or maybe he just dishes the opportunity that time and could have bought it in volume. Sounds like he's just spreading FUD now to shaken those who are weak enough to panic sell their tokens. And with that, bitcoin will go down and this man will buy the dip. And one thing, I think he also missed to buy the dip when bitcoin falls down to 6,000$ this month.
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I think those people sending FUD about bitcoin in this forum have realized that bitcoin will always fail them. If those FUDs will stop, panic sellers will never coexist too. The time for bitcoin to rise has already initiated and we are now on 11K USD mark.
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That'll be a great challenge to buy and then HODL bitcoin until 2020 because we don't exactly know in the future because i am pretty sure that some new HODLers today might be shaken in the future and panic sell their bitcoins too. Only those who can survive hodling until 2020 will be victorious.
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A correction is made for bitcoin to make some changes or upgrade its functionality to make it more better. Additionally, whales that are selling their bag of bitcoin along with panic sellers affects bitcoin's market value to decrease more.
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If i have to predict bitcoin's market value before this year ends, i think its market price will be around 30,000$-40,000$. One possible reason is that whales are buying bitcoin pumping bitcoin's market capitalization and price.
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I think that's a realistic market price for bitcoin if its demand will continue to rise too. As we know, bitcoin is very volatile and if its volatility will favor to increasing its market cap and price, then a 40,000$ price per token is possible this year.
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Bitcoin needs to undergo correction to make it more better rather than advancing its market price without making any correction. And while that happens, more and more people are also starting to trade/sell their token holdings. That's how volatile bitcoin is where there is a sudden falldown or a sudden rise of its price.
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Even experts can't really determined bitcoin's price in the future since bitcoin is very volatile. You can expect that it will rise because of its volatility and demand, but i don't think a 500,000 dollar if realizable within that year.
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