The value of money is bouncing time to time. It is very flexible currency. It goes up in one second 50% and goes down 50% in another minute. Now I was checking it, in 15 seconds its value jumped 3 percent. but in the year of 2017 its value reached to $20000 from $985. Its value is increasing day by day.
Factor Behind The Value Increasing and Decreasing
Bitcoin is not centralized money but it is using in day by day transaction globally. Therefor the demand for the cryptocurrency is increasing day by day. According to Economics theory when the demand for a commodity increases so price also increases. So Bitcoin is used all over the world. People use it for transaction. So the demand for it is increased and price for it also increased.
The Value for Bitcoin Time To Time
16 August 2010
$0.07
01 January 2011
$0.29
01 January 2012
$6.18
01 January 2014
$13.41
01 January 2015
$302.1
01 January 2016
$435.3
01 January 2017
$958.56
23 December 2017
$14798.75
It was the biggest changes is 2017 You can easily watch in the graph that how much was the changes in Bitcoin's Value. How does it jump to this high price.This was the value changes in 2017. Experienced people says it may cross $50k in 2018. Let wait what is the future of it.
