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Why No Need To Worry About Bitcoin Price Crash ?? by Bitssa: 1:20pm On Jun 22, 2017 |
INTRODUCTION In 2013, when bitcoin price crossed $1000 mark no-one expected to it fall including all the factors like China's economic situation. Now the situation as reversed and we see rise on daily basis, and its not likely to suffer similar fate. Compared to 2013 there has been around 85% increase in the price of bitcoin. FACTORS WHICH LEAD BITCOIN TO RISE Internet Usage There as been a global increase in the usage of internet as compared to 2013, spreading information about digital currency and its technical benefits have also played a major role. People who were earlier not interested in digital currency have also started pay attention to it. They do all the internet searching and take wise decision before making any buy. Diversity Unlike before there are more traders, more buyers, more sellers, more users without any hassles more trading platforms, more wallet providers, more knowledge of use of bitcoin as an investment. Bitcoin is being used as investment in countries like North America and Europe. Media Bitcoin in now trending everywhere, Media have brought the attention of lot of investors not only from US and Europe, but also from India, Japan and China who are huge market place for the most expensive digital currency. Media hype is very Crucial for the growth of Digital Currency. China China has played a crucial role in the build up till now, there was rise in the use of digital currency by new users in china which was to prevent lose against the following price of Yuan. Volatility The price of Bitcoin is seeing less volatility has it used to be in 2013 when there was a similar push in the market. No real crashes seen in the market price, price is on rising mode. Remittance Bitcoins are now being used as a method of [url="https://blog.bitssa.com/bitcoin-as-remittance-in-nigeria/"]remittance[/url] in countries like Nigeria. The transfer of money via bitcoin is quick and easy. The transaction fee as compared to traditional banks and more transfer companies are very less. Conclusion If we go by the trends we will see more users of Bitcoins globally. This market is not gonna see a crash in coming near future. NOTE** It is just a conclusion by seeing the market trends. 2 Likes 2 Shares |
Re: Why No Need To Worry About Bitcoin Price Crash ?? by jamsproject: 8:18pm On Jun 29, 2017 |
This is correct. Also, worrying and hesitating will only delay you buying it so why bother worrying. When I frequented buying bitcoins at Paxful, I didn't pay any heed to the price unstable price. |
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