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Bitcoin-Basics-->View question

Will there be a fall in Bitcoin stock in the near future?

Bitcoin has officially crossed $10,000. Is it a good time to invest now?


Asked On2022-01-26 15:16:24 by:thegdx

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Akhil-Rajprajwalamvtarun101PerumalSmetaphor

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Price of anything falls when there is immense selling pressure.Coming to Bitcoin price,most people are eagerly waiting for fork as many are expecting that price will come down after fork but as soon as it come down buying pressure will increase and it will rise again.Also fork happens too many time in a year and doesn’t affect Bitcoin value in long term.

The only thing that will affect the Bitcoin price in near future is any country posting a ban on Bitcoin.just like China did last month and it shatters the price of Bitcoin. In near future there is not yet major announcement by any country on Bitcoin legality status.

Third and most important,concept of bitcoin is unique in itself where any ban, any legalisation will not work unless buyers and sellers keep demanding for it.


Answerd on:2019-03-28 Answerd By:Rohit498

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