Although the price of bitcoin depends upon the demand and supply. Currently trading at around 1700 $. Bitcoin will surely have a price drop sooner or later as there will always be a time when the demand is very less compared to the supply. It has happened few times in the past. The bitcoin has always helped traders at the past. Where they have been successful in purchasing it when the price is less and selling it when the price is high. Thanks to it's price volatility.
This picture shows the all time price of bitcoin. For traders, the best time to purchase this crypto-currency is when the market price is low(Marked in Red) and the best time to sell would be when the price is high (Marked in Blue).
So never believe that the price would stay high all the time. It will surely go down some time or later.
This kind of volatility always favors the traders to make some profit.
Thanks for reading my article :)
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Funnily enough, just 5 articles above yours, i found this one :
https://steemit.com/crypto/@fxminer/bitcoin-heading-to-usd2000-in-may-2017
I can't decide who is right and who is wrong... We'll see
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I wasn't talking about May 2017. I was talking about all time .
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I see the price drop to 1500 $ maybe 1450 $, but not below that.
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Yeah. But it has happened in the past. It can go low below that as well.
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new investors 1Billion per day for the last 5 days for bitcoin but also for other crypto
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Nice post. Curious about your thoughts on the Price predictions feature of https://CoinCheckup.com
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Nice post. Interesting to see I'm not the only one that is thinking about this. The fluctuating market will result in the greatest price swings any market has ever seen. An interesting website I found: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. For example: https://www.coincheckup.com/coins/Bitcoin#analysis For the Bitcoin Detailed report.
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