Bitcoin Price Rises Above $2,500
Despite its problems with scalability, which has led some to now complain of fees in the $13 range or $26, bitcoin’s price continues to increase, rising above $2,500 today after what appears to have been a a downwards correction from an all-time high of $2,800.
Its rise is probably mainly due to speculation, in particular by the Japanese where bitcoin trading has been added to z.com, which claims to be one of the world’s largest foreign exchange platform, in a move made after Japan declared bitcoin to be legal tender. That declaration was made soon after China cut-off bitcoin exchanges in its own country, giving the market to its neighbours, Japan and South Korea, which have gladely taken the opportunity to participate in a booming industry.
It may hit $10000 after summer
Nice information. Bitcoin has been on the rise, and my personal current price target is $10,000.
Bitcoin has high fees but it is important to remember the value of bitcoin. Bitcoin is for big things, investments, buying homes, etc. It is designed to be the gold. Litecoin is designed for every day purchases. Gold and silver.
Spending $10 on bitcoin is silly, but litecoin, spending $10 only costs a couple of cents.
I know the world is currently on bitcoin but it will wake up to the importance of these 2 coins as that is the best use cases.
Nice info @ronald0 upvoted, and I am going to follow you, please do the same.
Create a great day,
@kozan
thank you for your sharing.Can you upvote my post? Thanks
@chl it would be better to see if you have a post that complements and share the post in comment and ask for vote rather than just asking someone to go to your profile and upvote your post. In the new world, similar to the old world, things are value based. What do you bring to the table?
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