I belive it will rise more and more because of these reasons:
•Bitcoin was the first crypto currency .
•Bitcoin network now involves more computing power than all the super computers of the world. Probably millions of GPUs.
•Thousands or miners and developers are mining across the globe.
•Bitcoin has undergone more than 10 major bubbles since inceptions and getting more stable.
•Bitcoin holds 50%+ market capitalization of all crypto currencies.
•Bitcoin is being adopted very fast as main stream and people believe in 5 years it shall become mainstream.
•It is believed that Crypto currencies will hold 10-15% of All World Money. If this happens price of best survived crypto currency will be in excess of $ 250000 per unit.
•If you had invested $100 in Bitcoin in 2010, you’d be worth $141 million or Rs. 1000 crores today.
•Bitcoin can move up or down by ~ 20% of its current value in a 4 hour trading cycle
•69% of all banks in the world are experimenting with permissioned blockchains.
•Bitcoin value has multiplied 879,999 times from 2010 to 2017.
Topic: Should bitcoin rise and fall? - page 7. (Read 803 times)
I think bitcoin is a digital uand eye that can be converted into other currencies and bitcoin is also a currency exchange system so if the bitcoin currency up and down it depends on the market and the bitcoin user.
Thank you
Thank you
The nature of the currency cryptocurrencies is indeed up and down, and by that nature we can take all opportunities between rising and declining prices.
It is true that money should be used in day-to-day needs to be stable, and I think that bitcoin is great for savings or investments.
A lot of people compared to the market value of the dollar, so even if they came out, one bitcoin was worth $20,000, $100,000. Many people think that a good currency should not be a big flop. A widely used currency should not rise and fall. The problem, however, is that bitcoin is not mature at this stage. Conversely, assuming that the current price does not rise and fall, how many people will rush into the exchanges?
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