Bitcoin: What is happening?

Discussion • 2021/01/08 • ໂດຍ
damsgabe

In 2017, I remember when my attention was caught on a business TV news (CGTN) about the price of bitcoin hitting $1000 for the first time ever and eventually surpassing the price of gold. I got so interested in the cryptocurrency which motivated me to venture into trading with bitcoin. It amazed me that the same bitcoin rose to $19,783.06 on December 17th, 2017.

Back then, I thought that December 2017 will be the peak ever reached for the price of BTC since the price began crashing to $13,412.44 in 1st January, 2018. It kept crashing till it got to about $4,000 in January, 2019. The price kept fluctuating while maintaining reasonable volatility between $10,000 and $13,000 from June, 2019 and February, 2020 before the COVID-19 pandemic lockdown. The crash to less than $4,000 in March, 2020 made it look like BTC will not easily rise again.

The radical rise in price from October, 2020 to date (as at the time of writing this article) is amazing. The price has moved from about $11,000 to over $37,000.

It has left me with this few questions in mind.

  1. What has happened to the BTC that has led to the sudden jerk in price.
  2. Will this price ever crash again considering the current price (about $38,000).
  3. Are we expecting more rise from the coin in 2021?
ຄຳ ເຫັນ (5)
ແຂກ
atikarani14
6 ປີຜ່ານມາ
👍
jalansultan
6 ປີຜ່ານມາ
Yes
bellagita_
6 ປີຜ່ານມາ
Nice
mahmud12
6 ປີຜ່ານມາ
2021 will more rise!
astina26
6 ປີຜ່ານມາ
trust me bitcoin will grow in 2021
ຂໍ້ຄວາມທີ່ກ່ຽວຂ້ອງ
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