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I hope btc isn't thinking what i think it is thinking. I was amazed yesterday buy the good price jump of BTC. But today it seems like it has not moving forward at all, so i hope it is not thinking of going down again and only harder this time.

How about friends I hope you are well and this time we have to talk about what is happening with respect to the serious fall in the price per bitcoin. After Bitcoin remained in a good bullish attitude, a movement came that caused a major update, which would undoubtedly put the price of Bitcoin in serious trouble. It is currently struggling in the price of $ 16,500 per Bitcoin according to coingecko. Expert analysts mention that this correction was seen to come, which is necessary for its price to increase, so this will motivate bitcoin to continue with its bullish movement. The panic was not lacking, since when seeing that the price fell the sales did not stop increasing in the list of orders, many assure that this could have been caused only with the purpose of buying cheap and then selling at a more expensive price . Even so, there is no lack of the person who ensures that the price will continue to fall, even reaching $ 10,000, but that already depends on the analysis that each one takes. But tell me what you think, is it a good time to buy? Is it a good opportunity to sell? Or what decision you have made, sell, buy or continue holding. I hope you like this point of view and that you better tell me about yours, your good friend TutoCash says goodbye, a cordial greeting and see you soon

Hey crypto fans 🙂 According to Google Trends, the price of Bitcoin is one of the most commonly searched topics related to digital currency. Some days, the price of Bitcoin shoots up while other days, it goes down. How is the Bitcoin price determined and how does its value increase or decrease? Bitcoin price history and fluctuation The initial price of Bitcoin Following its release as open-source in early 2009, Bitcoin’s value was practically next to nothing. Crypto users mainly traded with it as a hobby. The first crypto transaction ever recorded happened in 2010 when a crypto-miner in Florida bought two pizzas for 10,000 BTC. Later in July 2010, the first real price of a single Bitcoin went from around USD$0.0008 to USD$0.08 when it skyrocketed by 900% in five days. The value of Bitcoin when the crypto craze erupted By 2011, the value of Bitcoin steadily increased as it took parity with the US dollar and recorded its first 'bubble' of USD$31 before its first price drop. In the following year, Bitcoin gradually started to take off due to the rise of new crypto exchanges in the market, as well as miners in China. In 2013, the world was taken by the crypto craze when Bitcoin soared from a virtually trivial amount to a whopping USD$1,000. Highest recorded Bitcoin price During 2017, the price of Bitcoin reached its first record high. It started in August when it passed USD$3,000 for the first time. It broke USD$5,000 and USD$6,000 later on, until it topped at USD$8,004.59 in November. By December 2017, the price of Bitcoin reached USD$17,900. On December 17, it rose by 5% and recorded an all-time high of USD$19,783. It is still the highest price Bitcoin has ever hit as of today. The fall of Bitcoin Despite the great year Bitcoin had in 2017, its price suffered a continuous decline in the next year. BTC value dropped by 50% in February 2018. For the 10th anniversary of the digital currency in October 2018, Bitcoin maintained its price above USD$6,000. By December 2018, the price plummeted below USD$3,300. The value of Bitcoin in 2020 Despite the meteoric rise and fall of Bitcoin throughout the years, crypto experts remain positive with the potential of the digital asset, especially this year. This is because Bitcoin is foreseen to soar to a new all-time high of USD$20,000 in 2020. How is Bitcoin valued? The price of Bitcoin has been historically volatile, but what makes Bitcoin go up and down? In the most basic sense, trading determines the price of Bitcoin. What gives Bitcoin value is the last trade conducted on a crypto exchange. This means the rise of buying pressure is what makes Bitcoin go up while the increase in selling pressure lowers its price instead. What is driving Bitcoin price: Main factors that affect BTC It’s not uncommon to see BTC’s value fluctuate to a 5% or even 10% difference in just a day. Why so? Perceived store of value A store of value means an asset is seen to be useful in the future. Like gold or silver, you can mine a fixed quantity of 21 million BTC. Meanwhile, fiat money is dynamically regulated by governments. The intrinsic value of the cryptocurrency in the future As a store of value and method of value transfer, the changing views in the intrinsic value of Bitcoin affect its price. This makes the Bitcoin price fluctuate based on significant events that happen each day. Risks from BTC investors with large holdings What makes Bitcoin go up or down also relies on its users. Investors with Bitcoin holdings of more than USD$10 million risk severely disturbing the market if they liquidate that much of it. Losses and security vulnerabilities It’s no secret that Bitcoin has suffered major losses and security breaches through the years. From thefts and hacks, these highly publicized incidents contribute to the question of 'Why does Bitcoin change value?'. Adoption and government regulation Crypto has been speculated to move into mainstream finance. With that, the adoption and government regulation of cryptocurrencies can increase the buying pressure of Bitcoin thus affecting its price. Bitcoin’s latest movement - Jan to Aug 2020 At the time of writing, 1 BTC is valued at USD$11,746.30 and it is expected to further go up by the end of the year despite the recent COVID-19 outbreak. In March 2020, the value of Bitcoin crashed to USD$5,000, along with several markets around the world. Though unlike traditional markets, it returned to the spotlight and even rallied year-to-date highs due to an influx of new users. There was also the much anticipated Bitcoin halving this year that aided its boost, as well as a ‘Make Bitcoin Great Again’ effort in the US. In the past few months, 1 BTC has been hovering around USD$10,000, an increase of over 30% since the start of 2020. The finite supply of Bitcoin made some investors consider it a safe asset like gold. Amid the lockdown, there has been an 8.8x increase due to Bitcoin purchases from both Boomers and Gen X. It is speculated that the price of Bitcoin will reach around USD$20,000 this year. Why is Bitcoin going up so much? Bitcoin almost always has an incredible recovery no matter the issue. Crypto Research Report (CRR) published an analysis in June 2020 predicting Bitcoin’s future price to reach almost USD$400,000 by 2030. With Bitcoin’s price right now, it appears to be a strong possibility. Commodity strategist Mike McGlone pointed out how unprecedented central bank stimulus measures and new quantitative easing help the store of value of Bitcoin. He even likened it as the digital version of gold. Moreover, with the second peak of COVID-19 cases, experts believe it can affect Bitcoin and make it go up. It is foreseen by experts that the scenario can incite more quantitative easing as it further depreciates the dollar. 'With a fixed supply and increased demand, you can't ignore the attractiveness of cryptocurrency assets in these unprecedented times,' finance professor Andros Gregoriou concludes. 'A currency like Bitcoin, which holds its value—even increases it—will be very attractive to use, buy, hold and transact with.' How about you, how often do you check the Bitcoin price? Cheers, Karl Bitcasino.io

Did you know? bitcoin critical support level was $8,000, meaning going below this point the support level is weak so it might go down more and more from this point, probably not below 7k but point is from here it's not going up anytime soon unless you want to wait for 2022 McAfee's prediction be my guest So i bet if bitcoin goes back to 8k anyway this month, I WILL PUT MY WEBSITE OFFLINE FOR 30 DAYS Anyway that's just my thought, after a little research, what you guys think.