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Bitcoin is closing on to $50,000 mark

  • Thread starter Thread starter Sincerem
  • Start date Start date
Sincerem said:
Recently the price of BTC broke it's barrier and moved past $60,000 into $66,000 all happened within the time interval of seven days.
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Yes one thing about bitcoin is that it cannot be predicted based on the factors of market forces,it might even surprise all pridiction about the projection made about the coin,thee market is just like that.
 
I have read online some experts predicted that Bitcoin will reach even the $100,000 mark. I think that is highly possible in the future. The cryptocurrency market can change suddenly. As I have read, the price of the Bitcoin is skyrocketing when there is a high demand of the Bitcoin and many people are buying this type of crypto.
 
tyrim88 said:
Yes one thing about bitcoin is that it cannot be predicted based on the factors of market forces,it might even surprise all pridiction about the projection made about the coin,thee market is just like that.
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It can be predicted that's what future traders do, but it's not always predictable. One can simply make mistake predicting the coin, due to its high level of volatility, and the nature of cryptocurrency.
 
Sincerem said:
It can be predicted that's what future traders do, but it's not always predictable. One can simply make mistake predicting the coin, due to its high level of volatility, and the nature of cryptocurrency.
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That is one thing about the cryptocurency market,though with constant trading and familarity with market trends one can actually make some predictions,but not in all cases.
 
tyrim88 said:
That is one thing about the cryptocurency market,though with constant trading and familarity with market trends one can actually make some predictions,but not in all cases.
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That's is true, because if the market isn't predictable the day traders wouldn't have been driving profit from it. It's predictable but at times it goes beyond our imagination.
 
The market closes less than 60,000 dollars yesterday but I can see that the market is fast recovering as it is close to $62,000 already. Let hope for $70,000 soon.
 
A week ago, Bitcoin became $68000 for the first time, however, it could not stay on that price for a longer duration and the price started going down. Not it is at $58000.
 
It have more promising growth and I think it actually grow more than $50k as investors are investing rapidly in the coin ,to make more gains and profit from the market to increase the gains they are making
 
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