Bitcoin fires like a rocket at up to US $ 6,000
The Bitcoin accumulates a raise of 1000 dollars in the last 48 hours, bordering the US $ 5,800. What will be the ceiling?
A few hours ago Bitcoin has risen to US $ 5,800, noting its new record. Surely you will wonder that there is again in the ecosystem of the cryptocurrencies that has driven so strong rise. The answer is simple: Nothing.
In the last 24 hours there has been a sharp rise in Bitcoin's trading volume in the Bitfinex Exchange (15% more than normal), but it seems that the increase in its price is exaggerated.
Bitcoin started in 2017 around US $ 1,000, which implies up to the moment a rise of 580%, something totally unusual for a financial asset.
There we do not take the dimension of what a Bitcoin is worth, so I'll give you some equivalences. With a Bitcoin you can buy more than 4 ounces of gold, 33 shares of Facebook, and up to two weeks of vacation in Miami in a 5 star hotel, eating at the most luxurious restaurants on the beach.
Can you imagine what Bitcoin bought when they were worth only a few dollars? You guessed it, where you spend your money.
It is very likely that Bitcoin will continue to rise, as far as it is difficult to predict. But there seems to be a kind of "collective agreement" that the $ 10,000 would be an interesting number.
The problem is that when the raises are so strong, then the descents can be very hard. This is due to something very logical, everyone wants to someday make profit, especially when they are so "generous".
In my opinion Bitcoin is "expensive", but I also thought the same when it was worth US $ 3,000, so do not pay me much attention. Of course, take a tip an advice ...
If you are going to buy Bitcoin at this level you should consider that you will assume a very high risk, since sooner or later there will be an important correction. But as the saying goes, the more risk you take, the greater the gains.
Finally, what is clear and proven is that Bitcoin is not a fad, but rather a digital asset that has come to stay.
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As I understand it, our "new" channel is $5000-$10000, since 10k is a nice round number. Also at this point the % change vs. $ change (if you measure in USD rather than BTC) is way different - At $50, a 10% increase is to $55. At $5000, it's $500. Both will net you the same gains/losses, but a lot of people still think of BTC in terms of USD - so we need to consider the fact that the same percent is a lot more "real" money for the majority of investors.
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