In April 2016, one bitcoin could be bought for $428. Today we have a completely different figure. Why is this cryptocurrency so priceless.
Consider three possible reasons for the high price of the coin:
The traditional opinion held by many experts is that the mechanism of development of this coin initially provided for its stable strengthening.
Skeptics put forward another reason: they believe that Bitcoin itself is a large-scale scam. And the intensive growth of the exchange rate will be followed by a rapid decline.
And the last reason is conspiracy. It is believed that this coin was specially made so expensive that it could be used to test the creation of a world currency
Serious entrepreneurs immediately filter out the third version. And the first two are considered suitable. The powerful Bitcoin exchange rate really looks very suspicious. In addition, the coin is not controlled by the government of any country.
Today, millions of people earn Bitcoin. And in addition to earning money, they invest a lot of money in it, seeing this as a prospect for the future. Another logical explanation for the high price of the coin is its worldwide popularity.
Bitcoin owners are completely satisfied:
Anonymity
Operational conduct of operations
Minimum commission or no commission at all
Let's propose a fourth reason for the high cost of the coin. Bitcoin is considered a digital analogue of gold. If classic money will print as much as you want without restrictions on the number and time frame, the amount of digital cash is limited. It follows from this that the coin will only grow in value.
If you have seen people getting alerts about price changes, most probably they use special tools on their phone. By the way, there is the app https://tabtrader.com/blog/what-is-new-tab-trader-3-0-for-i-os for the iPhone. It's the first app that works for me without bugs.
I see a lot of people making money on cryptocurrency now, but I do not understand what I'm doing wrong, is there a resource that helps people like me?
Hi. I will really be pleased to comment, because it's really amazing how the crypto currency has shown such growth over several years and this applies not only to bitcoin. For example, you can read an article about bitcoins-mass-adoption, and also on this site there are excellent tools for crypto trading. I advise everyone who is interested in quick earnings on the volatility of virtual coins.