In this guide, I will teach you the history of Bitcoin, the future of Bitcoin and how to understand what goes into a Bitcoin price prediction
First of All look at the crashes of Bitcoin:
Bitcoin’s price has crashed many times over the years
1- 10 APR 2013 to 12 APR 2013 bitcoin price crashes -83 %
2- 30 NOV 2013 to 14 jan 2015 bitcoin price crashes -87 %
3- 17 DEC 2017 to 2 FEB 2018 bitcoin price crashes -59 %
On the other hand we know that bitcoin also touch $19.5 k mark
Cryptocurrencies set striking records in the year 2017. The values of major cryptocurrencies, especially Bitcoin, Ethereum, and Ripple skyrocketed so high that those who had invested in them earlier felt on top of the world and those who hadn’t felt that they had missed out
I know that everyone would have a same question about bitcoin Futuer
Will Bitcoin crash?”
If more countries create regulations/laws for cryptocurrency, more bad news will be published. This means we may see Bitcoin crashing again. Countries such as united kingdom, Japan, China, and the United States all want to create new regulations
“ Is Bitcoin rising?
Lets talk about positivse suppose as we know that most are the countries are trying to create a regulation/Laws lets took a positive point from it that it would took long time for then to create a regulation/laws .similarly we hope that at that time these rules will not effect the progress of bitcoin .All and all i think bitcoin price not going to stable until these countries start accepting it.
Why Does Bitcoin’s Price Fluctuate?
Just like most currencies, the price of Bitcoin changes every day. The only difference is that the price of Bitcoin changes on a much greater scale than local currencies Bitcoin’s value is based on how valuable the market (the people buying and selling Bitcoin) thinks it is When there is bad news published about Bitcoin every traders start selling there bitcoin due to which the market of bitcoin start falling so more the assets is rare more it price will increase similarly when we hear a good news about bitcoin we start buying bitcoin and making it save for the write time to sell then its price start rising
From these example i think you got my point that Why Does Bitcoin’s Price Fluctuate?
Before moving further i have a question for you
Would you really put your savings in Bitcoin knowing it can go up and down 20 per cent in a day?
Bitcoin faced an increased selling pressure after it failed to break the USD 8,300 resistance on many occasions. BTC/USD tumbled more than USD 500 and broke the key support at USD 7,800. It is currently at USD $7571
we took a example for that
In start of January one bitcoin was valued at $1000. By June this had gone to $4,000. One month later, it was at less than $3,000 and then almost $6,000 by the start of September. Two weeks later, it was at $4,200.
As we all know that it is clear lesson or advice for everyone who are investing on bitcoin
That there is potential for significant losses and investors need to carefully consider the method of investing
Now what is the current situation of Bitcoin?
Latest news is that
Exchange traded fund (ETF) rejected by the US Securities and Exchange Commission (SEC)
Due to which we are seeing a valuable difference in the bitcoin price
Conclusion:
My advice to anyone thinking about investing in bitcoin is to do their own research, but also to speak to people who have already gone through the experience of investing in it.we all hope that the price of bitcoin keep on increasing day by day.have a nice week.
WANT TO WATCH FOR !!!!!!!!
(MY EARLIER POST)
https://steemit.com/future/@mharis5012/cities-on-the-water
https://steemit.com/cryptocurrency/@mharis5012/can-you-make-money-from-cryptocurrency
https://steemit.com/cryptocurrency/@mharis5012/most-beautyful-and-sexy-womens-in-the-world
https://steemit.com/contest/@mharis5012/contest-food-that-i-like-and-the-world-like-most
