Prediction: Watch out bitcoin might fall below $5k USD - See Reasons here.

in #bitcoin7 years ago (edited)

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Bitcoin the world first known cryptocurrency, and a worldwide payment system. It is also a decentralized digital currency.
Bitcoin was introduce January, 2009.
8 years ago by an unknown person or group of people under the name Satoshi Nakamoto. Read more here here

As of now writing this post the price of 1 bitcoin is $10k+ USD tomorrow price might increase or decrease.

The big question now is Will bitcoin price fall?
that's something we can't be certainly, sure of but we can only predict it's price.
At the rate bitcoin price is deflating and inflating some bitcoin price analysis has predicted bitcoin might reach Reach $60,000 USD Before Crashing to $1,000 in 2018.

My advice be ready for any price fluctuation.

4 REASONS WHY BITCOIN PRICE MIGHT FALL/DROP BELLOW $5,000 USD.

1: Whale investors hold over 40% of the total Bitcoin today.
2: Price keeps increasing this might cause most investor to switch to altcoin like litecoin, Ethereum etc.
3:Risk: the fluctuating exchange rate from exchanger and unstable price.
4: China ban all Cryptocurrencies exchange platforms.

I believe Bitcoin will prevail later. It will also make a great long term investment if you be patience .

How to avoid bitcoin price flatuation.

1: Sell bitcoin for cash
2: Exchange Bitcoin for altcoin
3: The risk of investing in bitcoin is high so try as much to use reserved cash.
4: Reserve your coin - For now forget you own btc.