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Showing posts from August, 2023

Should we expect a Bull Run in 2023?

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First, let's take a look at how Bull Runs have happened in past years: 2013 There were several price spikes in 2013, with the rate gradually climbing until it went into a rapid growth phase and went from $13 to $1,000 in November. Having reached a high, by December the exchange rate had fallen to $500. 2017 In January, the exchange rate returned to $1,000 and continued to grow. By May it doubled, and by December it reached a new historical maximum ($19,000). The growth of the exchange rate was going by leaps and bounds due to traders' uncertainty about the future vector of the price vision. After reaching the high, the price dropped below $10,000. 2020–2021 From the fall of 2020, the trend turned upward ($10,000) and reached $64,000 by April 2021. After that, there was a fall by more than 2 times. The rate recovered by November and reached $69,000. After updating the historical maximum, the rate began to fall. Bitcoin spent all of 2022 in a downtrend. Now let's l

What will happen to Bitcoin in 200 years

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The future of the crypto industry is one of the hottest topics. While some cryptoinvestors are thinking about what will happen to cryptocurrency in a couple of years, others are looking further ahead — hundreds of years. One of the network users launched a discussion , the main question of which is what will happen to Bitcoin in 200 years (in 2223). Theory Cryptocurrency is an alternative financial instrument. The first coin, Bitcoin (BTC), was launched in 2009. Cryptocurrency is mined by miners. Approximately every four years, the rate at which Bitcoin flows into the market is halved due to halving. The next time the event will take place will be in the spring of 2024. It is important to clarify that Bitcoin issuance is limited. A total of 21 million coins will be issued. Therefore, sooner or later, mining will be stopped. According to the calculations of participants in the cryptocommunity, all bitcoins will be mined, approximately, by 2140. After that, miners will continue to ea

Bitcoin's bearish trend: why cryptocurrencies have fallen in price so sharply

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Crypto markets have finally come around: in recent weeks, a change in the price of major cryptocurrencies by even 5% was far from a frequent occurrence. But over the past seven days, the value of bitcoin has plummeted by more than 10%. Bitcoin After several weeks of low volatility, when the price of bitcoin practically did not change, the value of the first cryptocurrency collapsed by 10% at once. Almost the entire week was spent in the red zone, and the biggest fall was on Thursday, August 17, when BTC fell by more than 7%. The first negative factor of such dynamics of the world's first cryptocurrency by capitalization was the news that Elon Musk's company Space X sold its savings in BTC in the amount of $373 million. The amount itself is significant, so even private investors, having learned about the sale, could quickly get rid of their bitcoins in a panic. Another catalyst for negative dynamics could be the publication of the minutes of the July meeting of the Federal