The Things Underlying the Bitcoin Price Increase

The Things Underlying the Bitcoin Price Increase

During the year 2017, Bitcoin (BTC) is still firmly occupying the top position in Ranking Cryptocurrencies, followed by Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) and Dash (DASH). If we examine the movement of All Time, the price of Bitcoin from the beginning of its creation in 2009 until the year 2017 experiencing Major Trend UP, or the overall uptrend, colored with a thin correction to maintain the rising trend. From some of the above explanation, it is not surprising that today many investors, traders, speculators, even institutional-level businessmen began to plunge into the world of Bitcoin as an investment and trade and business facilities. Now, the big question mark is, where is the highest point of Bitcoin? even in just a few months, Bitcoin was able to score and continue to set new records. It starts at $ 4.979 around the end of September, then $ 6.449 in October, and goes up even above $ 8,200 per Bitcoin. Bitcoin value that can be called the most fantastic value is the main attraction for people to save Bitcoin in their sophisticated wallets provided by Australia and referred to as ledger wallet Australia.

This technology is designed to protect Bitcoin owners. With this sophisticated technology then you as the owner of Bitcoin will have the security and comfort of collecting and using Bitcoin. There are two types of digital wallets that you can have with Ledger Nano and Ledger Blue styles, you can save your Bitcoin. Ledger Blue technology will save your Bitcoin very carefully because it is connected to the Bluetooth and NFC connection, not to miss the Ledger Nano is a good wallet technology and can be taken anywhere because the shape resembles a USB Drive. As interest in Bitcoin is growing, of course, the volume of transactions that occur will rise. In the last 24 hours alone the volume of transactions that have been done on cryptocurrency is more than $ 3.3 billion, while the Market Cap (Total Market Capture) Bitcoin currently reaches $ 135 billion. Increasing demand (demand) is not accompanied by an adequate supply (stock/stock), so clearly makes the price of Bitcoin skyrocket. Moreover, the maximum stock for Bitcoin is 21 million pieces, while the already circulated Supply is more than 16.6 million. That is, Bitcoin supply is only 3.4 million. This amount will never suffice worldwide demand.

Comments are closed.

Share This