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RE: Another Attempt To Increase Price Of Bitcoin Again
Crypto is volatile and its abit hard to rely on predictions. However some predictions tend to be right to some extent and some wrong.
According to my opinion is that the price of bitcoin will rise depending on the prevailing positive crypto news in the future. If there can be nations finally accepting bitcoin as a legal tender for making business transactions then this will contribute greatly to the rise in price of the token. Other wise what has hindered the consistent rise of bitcoin price are nations that have for a long time been so resistant to the move of crypto and do alot background moves in trying to fight the revolution.
Thanks for your answer. You think then that this sort of news might not affect it?
Are you into crypto trading?
There is a new transaction free exchange called Digitex that is soon launching its beta version towards the end of this year. It has its own native digital token DGTX that it intends to use for the sustainability of the exchange that is through minting small new tokens and issuing them out for sale per year to obtain revenue to cover up the operational costs of the exchange.
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Ok, thanks for extensive reply. Not a trader myself, I just like Steemit. And try to bring some fresh new views&news on it.
Okay thats great as well. Keep adding value to the steem blockchain. Crypto trading is some thing that is great and gainful. Hope the desire to trade will develop in you in future.
Happy steeming.
Thanks for good wished and great comments!
Sounds like great news. May be It could impact on its price towards the end of this year. You never know. Like i said earlier on that some predictions can turn out positive. Lets just stay tuned and watch the crypto space.
Its also wise to buy Bitcoins and hold them for a long time that is like some years as you patiently wait for the price increase.
Do you think that minnows like myself getting involved with government leaders can potentially assist the value of not only bitcoin but other blockchains like @steemit?
I think it would depend on what kind of projects and countries are you talking about.