Topic: The bitcoin rate is kept close to a minimum for five weeks (Read 139 times)
The price of bitcoin cannot remain stable. It keeps on fluctuating. Few months ago the price dropped below $6500. According to that, the price is recovering day by day now. WIthin the month of Auguet, i guess the price will be fully recovered and it'll increase to good amount at the end of this year.
The statistic status of bitcoin today is likely form of steadiness, we don't even notice that the price of bitcoin rapidly grows and rapidly down, they move like a turtle, that slowly up and down, unlike ethereum that fast moving up their price like a flying airplanes. And mostly investors are attracted on a certain crypto coin that forms like a bubble that blooms and burst rapidly. Because investors are keep on watching when crypto coin price going down for the opportunity of investing and the returns of good profit when price going up again.
prediction with accuracy 50 \ 50
Fundstrat’s Tom Lee, who had accurately predicted a crypto price rise in the wake of US tax day, had used past price spikes after the crypto event to predict a rally “even larger than past years,” according to Bloomberg:
“Bottom line: We expect BTC and cryptocurrencies to behave similarly to prior years and rally during Consensus.”
Fundstrat’s Tom Lee, who had accurately predicted a crypto price rise in the wake of US tax day, had used past price spikes after the crypto event to predict a rally “even larger than past years,” according to Bloomberg:
“Bottom line: We expect BTC and cryptocurrencies to behave similarly to prior years and rally during Consensus.”
This was quite on informative post. It's deficiency a matter to worry about as the Bitcoin's price is falling these days. On the other hand, the participation of women in cryptomarket is gradually increasing, which is a good thing.
i my opinion this Quote that Investors under the age of 23 prefer Bitcoin is not actually Right. Maybe the persons which are used for the test are just prefering Bitcoin. And to be honest i doesnet evven make sense at all
I think long weeks of correction are coming to an end, consolidation phase is also coming to an end, so the good times seem to be getting closer now, it is just a matter of volume in the market and we will see good growth.
Bitcoin, in general all crypto currencies are volatile but it depends on news, speculations, regulations etc. There are too much parameters that changes the prices (relationship with other crypto currencies, buying bitcoin to buy altcoins etc.) In fact a stable price is not something we expect for cryptos unless there is enough liquidity.
In the crypto currency market there is no common rule of thumb that the price of the coin will increase only and there will be no decrease. Every market has such price risk. Now bitcoin is kept low during the last five weeks but this does not mean that it has lost popularity or the p[rice will go down further. Moreover we will see that the price of bitcoin will rise soon, there can be some exception as we are facing now. But bitcoin will soon increase so do not worry.
It’s totally depends on the market condition but i think bitcoin price will be increase nearby.
The price fall is not an unusual incident for cryptocurrencies. It is a regular incident and there is nothing to freak out. The prices will bounce back soon. And It sounded interesting that people of different age groups and females are also interested in crypto market. This is definitely a positive side that people under 23 years of age are also interested in bitcoin. They are our youth and this is very positive.
On Sunday, the bitcoin exchange rate is held close to the lowest in more than five weeks amid renewed concerns about tightening by regulators of requirements to trade digital currencies. South Korean prosecutors raided the country's largest cryptocurrency exchange.
13:53 GMT bitcoin was trading at position $8525,7 on the Bitfinex team. On Saturday, the bitcoin rate fell to $8204.50, which became its lowest value since April 18.
Interesting data were obtained in the study of addictions of different age groups. So, interest in Ripple clearly falls with age, and bitcoin is especially respected by investors under 23 years and after 55.
Women make up 8.5% of crypto investors, and according to eToro, they are very often invested in Ripple. The same cryptocurrency topped the list of the most profitable. Second and third place went to Ethereum and Litecoin, bitcoin took only fourth.
Source coinfox.ru
13:53 GMT bitcoin was trading at position $8525,7 on the Bitfinex team. On Saturday, the bitcoin rate fell to $8204.50, which became its lowest value since April 18.
Interesting data were obtained in the study of addictions of different age groups. So, interest in Ripple clearly falls with age, and bitcoin is especially respected by investors under 23 years and after 55.
Women make up 8.5% of crypto investors, and according to eToro, they are very often invested in Ripple. The same cryptocurrency topped the list of the most profitable. Second and third place went to Ethereum and Litecoin, bitcoin took only fourth.
Source coinfox.ru
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