Monday, March 27, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home Altcoins

Crypto Trading: Still Hot or Not?

btclive365 by btclive365
November 8, 2022
in Altcoins
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Cryptocurrencies had their moment in 2017 when during the crypto boom Bitcoin almost reached the unbelievable back then height of $20,000, stopping at $19,783. Since then, Bitcoin dropped over 80% to $3,500 in 2018 in a crypto market crash that exceeded the Dot-com bubble’s collapse in the late 90’s. 

However, in 2020, Bitcoin began its slow and steady growth. Currently one BTC equals to more than $46,000. While many still believe cryptocurrencies to be a bubble and their value to be exaggerated, others continue speculating, purchasing and selling them or even holding consistently through the years. While each trader has to make up their own mind about whether to enter the crypto market or not, here are the main points to consider when making this decision.

Crypto might become universally acceptable 

Many companies are fusing Bitcoin and other cryptocurrencies into their business. For instance, PayPal has become one of the latest companies to launch a new service, allowing their US users to buy, sell and hold crypto currencies directly through their PayPal wallet. PayPal motivates their decision by the spreading popularity of using digital currencies driven by COVID-19. 

Tesla has just confirmed purchasing $1.5 billion worth of bitcoins in order to “diversify and maximize returns” on funds that are not crucial for the company’s maintenance. Moreover, Tesla announced that it expects to begin accepting bitcoins as a payment method for their products in the near future, though on limited terms at first.

Even certain banks are slowly jumping aboard the crypto trend. All this means that crypto is becoming more and more accessible. That’s why there are more people interested in it now.

Limited amount of BTC

The supply of bitcoins is limited to 21 million and the amount of over 18.5 million of bitcoins has already been mined.

Even though the maximum amount won’t be in circulation until 2140, the supply decreases while demand rises, forcing the value of this cryptocurrency to grow. A spiking demand for cryptocurrencies might boost Bitcoin’s price even more, especially with its mass adoption as a payment method.

Crypto may be a hedge against deflation

While the value of fiat currencies, especially the US dollar, is decreasing due to the pandemic consequences, the price of goods are spiking.  Many investors, including major companies, believe BTC to be a hedge against deflation since due to its decentralized nature it can’t be devalued like fiat currencies. 

High volatility and risk

Even though there is a reason why cryptocurrency remains an attractive instrument for many traders, it is important to highlight its volatility. While periods of quick rise mean potential returns for traders, too often these spikes are followed by sharp declines. While it may not be necessarily true for every crypto, Bitcoin is surely not alone in its volatile movement.

Many investors make their predictions and estimate a further rise for bitcoin, some name such figures as $100,000 and $150,000. However, while big companies like Tesla or Square acquire the cryptocurrency and send it soaring, any trader or holder that decides to diversify their portfolio with bitcoin needs to do their own research and be prepared for losses.

What is your opinion about the new cryptocurrency boom? Let us know what you think in the comments below!



Source link

Previous Post

Russia’s Central Bank report examines crypto’s place in the financial system

Next Post

FTT Down 30% on Tuesday, Falling to 21-Month Low – Market Updates Bitcoin News

btclive365

btclive365

Next Post

FTT Down 30% on Tuesday, Falling to 21-Month Low – Market Updates Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Building Bitcoin Standard In Portugal – Bitcoin Magazine

November 9, 2022

USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment

December 1, 2022

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

A quiet upbeat weekly start, DXY not benefiting from yields

March 27, 2023

Microstrategy Repays Silvergate Loan As It Expands Bitcoin Holdings

March 27, 2023

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B – Bitcoin News

March 27, 2023

EUR/USD Bolts Toward Trendline Resistance, GBP/USD Threatens Bullish Breakout

March 27, 2023

Recent News

A quiet upbeat weekly start, DXY not benefiting from yields

March 27, 2023

Microstrategy Repays Silvergate Loan As It Expands Bitcoin Holdings

March 27, 2023

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B – Bitcoin News

March 27, 2023

EUR/USD Bolts Toward Trendline Resistance, GBP/USD Threatens Bullish Breakout

March 27, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

A quiet upbeat weekly start, DXY not benefiting from yields

March 27, 2023

Microstrategy Repays Silvergate Loan As It Expands Bitcoin Holdings

March 27, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In