Why bitcoin breaks the barrier of 11,000 dollars ?
In March of this year, our best friend bitcoin fell to $ 5,000, an unfortunate crash for all of us who support cryptocurrencies, there are many reasons that led to that crash at those low prices, but that's not what I want to tell you today, the truth is is that today July 30, 2020 the price of Bitcoin is above $ 11,000, will it continue to rise? These are one of the reasons why Bitcoin is rising.
The stablecoin, this is a concept that I learned very recently, stablecoin are digital currencies that are derived from altcoin and that seek to give price stability, investor security, in this case altcoin would be the steem that is usually in constant movement it is volatile and unstable, it can rise abruptly and likewise go down, but its stablecoin which is the Steem dollar (SBD) does not do any of that, it is usually stable with a price close to 1 US dollar, there could be a rise in steem and steem dollar (SBD) it would remain the same.
Stablecoins are sparking the interest of investors, Fintech companies, and giants VISA and PAYPAL, those large investments fueled the rise of Bitcoin.
The increase in transactions above 100 thousand dollars, which indicates that corporations would be investing heavily in Bitcoin, especially in exchange houses.
The implementation of protocols like yielfarmin in DeFi decentralized finance, specialists report that this protocol boosted 3 billion dollars, many traders are using this platform, especially using smart contracts for loans.
Today we can say that 90% of the people who have Bitcoin are making money, the wind begins to blow again in favor of Bitcoin and cryptocurrencies, in my opinion it will continue to rise, do not miss the opportunity to invest today, How much would you invest in Bitcoin today?
Thank's for read
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There are no clear reasons for the current bitcoin gains we are seeing, and the fact that huge amount of stable coins are printed everyday from the thin air even makes it more suspicious.
Large investment from different sectors is one of the reasons, stablecoins provide security and that has brought a lot of investment, thank's for read
Greetings @ramsesuchiha, thank you for socializing information of great interest to those who perceive cryptocurrencies, the steem is volatile as you indicate, hopefully this rise in bitcoin favors steem. So long, my friend!👍
Let's cross our fingers so that a growing steem is a favors us all friend, thank's for read
What about alts? You got your eye on any?
I think steem is ours, I hope it goes up a lot , thank's for read
With the way and momentum Bitcoin is rising as years goes by, I will not be surprised to see Bitcoin hit $30,000 by the end of the year
If that happens all of us who have any cryptocurrency win, thank's for read
Dear @ramsesuchiha
I wonder if crypto space is ready for another bull run. Obviously it will attract many speculators and scammers - which in return will bring another wave of regulations and crackdowns.
2017 was the worst thing that could happend for crypto. I hope this will not repeat and hopefully this market is more mature already.
Wouldn't you agree?
Yours, Piotr
I totally agree @crypto.piotr, I hope the maturity of the market and I hope that the scammers are not successful this time, sometimes I wonder how the crypto market would be, if in 2017 so many crazy things had not happened, thank's for read it is an honor.
thanks for being so responsive buddy :)