Why Todays Sell Off Hasn't Impacted The Price of Bitcoin

in #hopdhlast year

Bitcoin is on the rise. The price of the cryptocurrency surged to nearly $20,000 in December and has been increasing ever since.

But that doesn't mean the entire market is on fire right now. In fact, some analysts believe the sell-off could be good for bitcoin as it could allow the price to stabilize before the end of the year.

For what? Because if the bitcoin price keeps going up there won't be much room for growth. And if it keeps falling, no one will want to invest in it.

This is especially true for investors that have been around for years or even decades - they don't want a volatile market that causes them to lose money every month or so because they fear their investments. will decrease accordingly.

Sort:  

Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
image.png
please click it!
image.png
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)

The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.036
BTC 93600.04
ETH 3361.63
USDT 1.00
SBD 3.83