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Topic: How to understand the bitcoin boom? - page 2. (Read 245 times)

legendary
Activity: 1414
Merit: 1039
January 26, 2018, 02:22:44 AM
#5
Despite the concern of regulators in all countries, Bitcoin is like a rising star in the financial markets, attracting much attention and curiosity, and continues its strong rise. However, some people may not know yet: what exactly is bitcoin? Why does anyone rush to it? How do ordinary people get and use bitcoin?

People come into Bitcoin because they hear about it all over the place. They see news about the booms, success stories, and about people who have been doing well with BTC trading that they decide it's great to jump into without knowing anything about it. That's the issue here. No one should be getting into Bitcoin without realizing that they have the potential to lose everything.

With that said, many of these price rises come right after some good news is spread about the coin. If there's good news, people flock into the coin and try to buy as much as they can because they want to make profits on the rise up.
full member
Activity: 210
Merit: 100
January 26, 2018, 02:02:35 AM
#4
I don't know how to really understand the bitcoin boom but according to my research how to calculate the bitcoin boom is, For Ryan Davies, it started through gossiping with work colleagues. The 24-year-old graduate from Leicester’s De Montfort University, who works as a project manager for IBM in London, had heard about Bitcoin, but like most of us only held a vague understanding of how the digital currency actually works.
full member
Activity: 186
Merit: 100
January 26, 2018, 01:56:23 AM
#3
I think people are getting more and more positive about Bitcoin. Some people have a certain relationship with investment in the mentality of "fear of missing the good opportunity," which also pushed up the price of bitcoin.
newbie
Activity: 70
Merit: 0
January 26, 2018, 01:41:18 AM
#2
Yes, more and more people are buying bitcoins now.
They think that buying bitcoin will bring them a lot of wealth.
They don't know about bitcoin. They don't know what it is.
They simply believe that investing in bitcoin is stable.
full member
Activity: 162
Merit: 100
January 26, 2018, 01:33:31 AM
#1
Despite the concern of regulators in all countries, Bitcoin is like a rising star in the financial markets, attracting much attention and curiosity, and continues its strong rise. However, some people may not know yet: what exactly is bitcoin? Why does anyone rush to it? How do ordinary people get and use bitcoin?
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