Today we are going to look at why the Bitcoin price went up last year before crashing & why it is different this time around. Learn more at https://BitBoyCrypto.com
Bitcoin prices could be rising because of a “halving” next year. The halving is very positive for Bitcoin. It increases the scarcity of Bitcoin since the number of Bitcoins created is less. The more scarce it becomes is the greater the demand will be, which will likely lead to a price increase.
Bitcoin will follow prior patterns. In general, each cycle has a high point and a low point each of which is around 10 times higher than the high and low point of the previous cycle. The high points are largely due to a combination of new investment, followed by an inflationary bubble. The low point is then caused by the popping of the bubble followed by new technology.
There are, of course, some alternatives going forward. Bitcoin has a scaling problem that has not been resolved, which is why – during the last high point – the transaction fees were unreasonably high and congestion was high with it. In
all likelihood, Bitcoin will not be used as an actual currency going forward, but rather take the role of a kind of gold standard on which all the other coins will continue to be indexed.
If you look at the graphs of other coins, they tend to independently go up or down in relation to Bitcoin, but only by a small margin. When Bitcoin itself goes way up or way down they all go way up or way down with it.
Thank you for watching the video. I hope you enjoy the video and know why bitcoin will keep going up in price. If this video helps you, please subscribe to my channel and like, comment, and share the video.
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Man I own several coins including btc. But I do not see this happening. In fact, I see btc nose diving back down to $5000 and below once SEC regulations start being shelled out
Great Video Bitboy, keep up the good work…..Thanks
Another awesome video. Thanks for that. So what do you think the price of BTC will be when this bull runs cools down? Or will it with BTC?
Though bitcoin has experienced a downside movement of price from the $10,500 area the bulls protected the 100 hourly SMA. The bulls are strong and aggressive and this bull run will see the price of bitcoin sky rocket to the moon, what this implies to all is that it’s time to accumulate and increase your holdings which is what am currently doing by taking trade courses and also using signals from Nathan Trueman. He is an expert trader with a proven success record and by copying his signals in my trade I have grown my portfolio of 3 btc to 15 btc in just 2 months. Nathan has been my best asset in the cryptosphere and he could be reached on WhatsApp:(+44) 7723984457 or Telegram:(nathantrueman) for any crypto related inquiries or insights on becoming a better trader.
I wonder how much plus token bitcoin and ethereum are out there still.
Use don't have any idea. How btc works and alts. The more alts that come out every year. Will never get the prices that utubers say. Market cap lmao lmao
How many BTC do you have??? Ya Kalb
Coins are for collectors, DASH is King!
Can I use your content on my show? Credits will be giving of coarse
Investment gurus like McAfee already predicted btc will hit $1m before end of 2020, just like his past predictions has come to past. I just thought it would be unwise to just hold btc and not invest. I lost 5Btc to Bitconnect last years and was left with 2Btc, I started looking for ways to increase my Bitcoin until I was referred to a bitcoins miner {Financewebservice @gmail com} in a Blockchain forum and I would boldly say I've made over 9.7btc within few weeks of investing and I just paid off my credit card debts completely.
You can margin trade on coinbase pro now .
Did you happen to view Jacob canfields video from yesterday ??
Bitcoin is rigged by evil government and whales
Nice recap! $100,000. I'll take it! ?
Sup with that damn hair. Its distracting lol. Going for the Bieber.??♂️ na just playing man keep up the good content.??
Have you looked into Travala?? Talk about undervalued. We use the platform. It has a real world use case & the marketcap is so low. This one is a must look into guy's!!!
Nice video and thanks for consistently having great content.
You can’t call it a pump and dump last summer if you end up +100%. If you’ve been through a real pump and dump it never comes back lol. I got burned so bad in the day but there’s no better way to learn.
Great video and makes perfect sense!!!.
Your proud of me ???
At least someone is.
Bitcoin will go up dozens of percent per year, every year, for several years to come. Do you really need to give you bitcoin to some scammer because the promise you X percent interest paid in their own shitcoin? If you fall for that then yeah, you DESERVE to get screwed. You can't fix stupid!
Congrats! This bull market actually started around $3.1K and got reconfirmed around $6.5K. But the real stubborn types won't believe it until we start closing over $10.6K. No worries. We will 3x again from here no problem. Actually it will be much, much more……
If this chan were a shitcoin I'd throw it some sats 'cuz its likely to boom in the bull.
One word coronavirus! Look at the latest stats! Chinese economy could implode soon!
Buckle your seatbelts boys..