Crypto MonthsteemCreated with Sketch.

in cryptocurrency •  7 years ago 

Using Bitcoin as my example, I would like to review the price action for the past 30 days. drjohnthumb.JPG

Here is a price chart for your review:
bitcoin906.png

This represents 43% increase.

This also represents a growing lack of confidence in world currencies. Whatever is used as currency, it should act as a store of value. Many countries are racing to the bottom. They want their currency to be the weakest so that World trade is easier and more profitable for their countries businesses.

Individuals who do not participate in international trade lose value as their central banks promote inflationary policies. Bitcoin and other cryptocurrencies built on blockchain technology offer a stable store of value honestly. Their value has been increasing rather than decreasing.

Even without the recent 43% increase, cryptocurrency offers better performance than fiat currency.

Here is today's beauty.

yellowbuds.JPG

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I totally agree that more people should get involved with cryptos. It makes me sad that more people don't realize this.