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Bitcoin can reach even more than $ 10,000, in my opinion, a large part of the holders of bitcoin presume that the price will continue to rise but given the analyzes, a sudden drop is provided for then a strong rebound
Is it worth investing in Bitcoin. Expectations and reality.
Last winter, few people did not think: why did I not buy Bitcoin? There were legends about those lucky ones who took the crypt for the sake of experiment for a penny, and sold for millions. Indeed, the rate of Bitcoin has grown so rapidly that for a couple of digital coins it was possible in one instant to buy an apartment or a car. However, the cryptotype ended as quickly as it began. This December, the bitcoin rate updated annual minimums. It got to the point that it became simply unprofitable to mine. The increase in the number of cryptoinvestors in the course of coins does not affect. Such an opinion is expressed by the social network analyst for eToro investors in Russia and the CIS, Mikhail Mashchenko. According to him, all this year, digital coins became cheaper, although the number of cryptocouples was constantly growing. Oleg Bogdanov, chief analyst at Teletrade Group, is even more skeptical. In his opinion, there are no fundamental reasons to invest in cryptocurrency now. This is not a business where there is profit or loss, not bonds, where there is a coupon and profitability, not stocks, where there are dividends, but simply some idea of free money circulation, which the twenty fifth or hundredth time they are trying to sell to investors. The expert of the International Financial Center, Gaidar Hasanov, also believes that investor interest in Bitcoin and in general to the cryptocurrency market as a whole has long disappeared. According to him, those investors who have invested in Bitcoin since last year have suffered huge losses and are now living in hope of a return of at least 30% of the investments. According to the analyst, the longer Bitcoin trades at these relatively low prices, the less likely it is to rebound. Against this background, one should not expect the growth of Bitcoin. And its value from the beginning of next year, Gaidar Hasanov believes, may drop to 1,500. However, all analysts agree: Bitcoin is a high-risk asset. In no case can you invest the last money in a cryptocurrency. The amount of investment should not be budget critical. In a word, if you risk it, then only with “free” money. https://preview.redd.it/wwnhcqygojl21.jpg?width=636&format=pjpg&auto=webp&s=f2b08082be88f14b7df29460f9b2f453b20caf75
Bitcoin Unlimited backers say that without a quick switch to bigger blocks Bitcoin is doomed and will lose out to competition from altcoins. In their view, on-chain transactions must stay very cheap, as they have been five years ago. And Roger Ver, one of the leading Bitcoin Unlimited backers, expected Bitcoin to assure World Peace, which was his motivation in joining in the first place. He said so in a recent video interview found here. Of course it would be nice to have the Bitcoin network make war impossible. And while we're at it, cure cancer, eliminate poverty, and solve global warming as well. But that may be asking for a bit too much. Bitcoin adds the ability to send payments to the Internet protocol. That's major progress. It has value even if it doesn't lead to the revolutionary goal of eliminating war. So even if Bitcoin doesn't stop war, for the very least we should expect it to beat the VISA transaction rate (100 billion a year). All of those transactions must be on the blockchain. And all of those must be for free. I am not an expert on the technology behind Bitcoin. But I know that Bitcoin is not designed to be efficient, but to be secure and to require no trust in third parties. That makes it impossible to build such a system. If the engineers actually building and maintaining the code that has worked for eight years could just wave a magical wand and get free on-chain transactions of unlimited size and numbers, they would do so. But they can't. The numbers just don't add up. The value of the Bitcoin network comes from its properties as secure and not needing trust in third parties. It's impossible to scale this to 100 billion transactions a year. It would be nice to have buildings going up 100 stories at no cost and make real estate in Tokyo affordable for everyone. It would be nice to have rocket costs go down by a factor of 1000 to make colonizing Mars easier. But not everything that would be nice having can actually be done easily right now. And Bitcoin should not be evaluated with a standard of unreasonable expectations. Compared to the VISA network, Bitcoin is doing well after eight years. VISA after eight years (1966) was just starting to license to banks outside of California, and VISA lost millions of dollars to credit card fraud at the time. If you set your expectations comparing to VISA, compare to VISA in 1966.
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2018 for bitcoin wasn’t something we expected, but there is the reason why it happened what it happened. Bitcoin was in the bubble in 2017, it skyrocketed by 1,800% reaching its all time high ... According to this model that predicts bitcoin price with 95% accuracy, it indicates that bitcoin price will reach $100,000 sometime after 2021 and $1,000,000... This is a simple explanation of the bitcoin halving event that will happen in May of 2020. ♦ Receive $10 of FREE BITCOIN when you use this link to sign up fo... RUSSIAN VERSION IS HERE: https://youtu.be/WlUTyd42iBo Two scenarios of bitcoin price evolution. Bitcoin - Crystal Clear Expectations - Sharing A Discord Exclusive - Duration: 6:52. Crypto Hippo Trading 462 views. 6:52. Bitcoin and Altcoin TA for moon boys - Duration: 31:39.