BITCOIN: FREE FALL OR NORMAL MARKET ADJUSTMENT?

in GEMS4 years ago (edited)

BITCOIN: FREE FALL OR NORMAL MARKET ADJUSTMENT?

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Some think that we are on the verge of a price crash, others instead assure that it is the last chance to buy cheap before prices soar again.

The arguments to support one or another position are the same as those used in the past, but this time the covid-19 introduced a new variant in market behavior.

On the other hand, mass adoption is a new compromise for large traditional corporations; additionally, the boost that new technologies have given to e-commerce positively influence the inflationary character of bitcoin.

Bitcoin may be going down because regulatory and valuation concerns are rising.

Bitcoin falls over 6% to lowest in two weeks

Regardless of what happens in the next few days, bitcoin is destined to be the strongest virtual currency par excellence, not in vain they call it virtual gold.

Despite the regulations that governments or international financial organizations want to impose.

Speculation is expected to begin at the end of mining, which is why the upward trend of bitcoin is inevitable.

[Comments by: @tomas.enrique]

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Investing in bitcoin is a big business for the big boys. $24k for an average investor is not small deal. Let the price roll on guys.