Bitcoin is getting ready

2개월 전

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Waiting for halving, by which the emission of bitcoins per block will be reduced by half, in January 2020 this bitcoin price had a better performance for the first month of the year since 2013. In total, the main Market cryptocurrency gained 32.49% in value between January 1 and 31.

At the beginning of this year, on January 1, the price of bitcoin was USD 7,174, while on the last day of the month it was already at USD 9,505. This is reflected by Messari market data.

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Compared to the same month in previous years, the January performance of this year is remarkable. For example, in 2019 the price of bitcoin fell more than 7%, from USD 3,741 to USD 3,467. If we go to 2018, the fall was even greater in the month of January. That year, the value of BTC went from USD 13,817 to USD 10,077. The percentage change was 27% down.

In 2017, the price of bitcoin fell 5% during the month of January. In 2016, the year of the previous halving, the losses were over 12%, while in 2015 the fall was almost 30%. In fact, this January has been the first with gains for the price of bitcoin since 2015, when the cryptocurrency gained more than 9% in value.

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January 2013 did have significant gains, with more than 46% up for the price of BTC. As of January 1 of that year, BTC was at USD 13.24 and closed the month at USD 19.45, according to Messari figures.

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Both analysts and various specialized firms have been mostly cautious in forecasting prices for BTC this year. Several agree that, although there are precedents for increases before and after a halving occurs, there is insufficient data for a successful forecast.

Posted via Steemleo

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If I believe that it will rise a lot and when it can no longer be undermined, then everything will be up

Posted via Steemleo

It’s definitely something akin to a coin toss. I think the data looks good, but if anyone could perfectly predict what will happen, we’d all be rich. Markets are unpredictable — especially bitcoin as it’s operating on a massively global scale.

In any case, I’ve got my long term positions in and I’m hopeful for the coming years. The next few months don’t mean that much to me.

Posted via Steemleo

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You are right, and I also have my savings also saved, because I am sure that when the price cannot be undermined, it can reach the million dollars for a coin, because the whales are very greedy.

and thank you very much for your vote

Posted via Steemleo

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Also, as I have read and heard too, that steemit can be the new bitcoin, I will cross all my fingers to make that happen, because it would be the culmination of the people who are supporting this currency from the beginning

Posted via Steemleo