Known as - BITCOIN / U.S. DOLLAR | Bitcointalksearch.org

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Quote from: Hunterqr on October 02, 2019, 02:56:26 AM

Every Years i still see that this time are lowest price in BTC.

Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

anyone Can Explain this isue..?

Not just in crypto, it's also the same in Stock market. October is the starting of festival season around the world. There are many multi days festivities around the world. It continues to November and December till the lunar new year of Chinese calendar that generally falls in late January or early February. After that, the market seems to gain momentum.

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Quote from: Hunterqr on October 02, 2019, 02:56:26 AM

Every Years i still see that this time are lowest price in BTC.

Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

anyone Can Explain this isue..?

USD is the world's reserve currency, can be seen as the most common currency to trade between countries of investors and the market. It was bound to be one of the most popular pairings among traders. Having 62% of global foreign exchange reserves held by central banks being denominated by USD speaks already for itself. As said by the previous poster, USD and USDT has a 1:1 exchange rate which means a stable value for it. And the existence of USDT as a coin to trade with Bitcoin also enables investors to stash away money while not being swept away by the cryptocurrency changes in the market but can still be accessed at the same value when a good deal or trade comes up.

Mandoy

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The main reason why is the BTC/USDT pair is quite popular or should we say the most used pair is because of their unique characteristics. USDT is the representation of the US dollar in the exchanges and it has 1:1 exchange rate with the monetary US dollar and this means that it is stable in value. Bitcoin on the other hand is the most trusted and most valuable cryptocurrency ever made and is the most widely used cryptocurrency. Bitcoin can be used to exchange on all cryptocurrency there is online. Bitcoin is exchange with the USDT most of the times when people wanted to cashout their bitcoins or when they sell it. Normally when bitcoins price is dropping that is the time when a big volume of bitcoin is exchanged with USDT to avoid losses. On the other hand people when depositing USD to exchanges the USDT appears on their balance and that is being used to purchased bitcoin on the exchanges.

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Every Years i still see that this time are lowest price in BTC.

Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

https://s3.tradingview.com/w/WZ0duggj_mid.webp

anyone Can Explain this isue..?

Topic: Known as - BITCOIN / U.S. DOLLAR (Read 169 times)