Hi steemit friends!
Everyone knows the value of Bitcoin in the last year ending. It has touched it’s all-time high nearly $20000. In the early of this year Bitcoin once again fallen to two-thirds of its value, but its value is three times higher than a year ago. In the future Bitcoin is going up only but not in a downtrend, as we observe the bitcoin price chart.
Bitcoin replaced other currencies like Dollar, Euro, and others. The variations are common in any market it also applies to Bitcoin price. According to the economic principle demand and supply, if anything supply is high its value grows don and contrary supply is low demand goes high. If we apply this principle in the early days of cryptocurrencies the value of Bitcoin is very very low because no one knows about Bitcoin.
As we know Bitcoin supply only 21 million coins till today. At present more than half coins are mined and so many persons are using bitcoin transactions, everyone needs bitcoin. Day by day the Bitcoin price is increasing high in the market.
As we hold gold its value may not increase compared to Bitcoin. So by holding bitcoins, we can increase our assets. People around the world are so much panic when bitcoin price falls and they started selling off their bitcoins at a low price. But when the price is going again once again they will buy at a high rate. Because of these reasons some people are blaming Blockchain technology and cryptocurrencies.
Do we have to understand what is Blochain technology? What is cryptocurrency? Then only enter in the crypto field.
At the end I want to say some words keep some bitcoins and other valuable coins, these coins are more valuable than Gold in the future.
Comment on this blog and give your valuable opinions.
with warm regards,
