Bitcoin is only a short distance away from the all-time high of $20,000 in 2017, but according to experts, Bitcoin will jump way above that mark this time. There are various indicators where this supports claims. During this post the current value is already 18500$.
Is the rally comparable to 2017?
No, because meanwhile the big players are investing in Bitcoin, as I have already mentioned several times. The normal consumer is not yet among them and that will come, however, as soon as the media starts reporting more and more about ever new all-time highs. Then the normal consumer will also get back in, which is usually a sign that the market is becoming a bubble.
Is it still worth getting involved?
I think we are at the beginning of the rally and the price could go up to $100,000 and maybe even more and then suffer a strong damper again to maybe $40,50000. That’s what it was like in any case after the Bitcoin swung up in no time. But Bitcoin will play an important role as an asset in the future and remember that 21 million Bitcoins will be produced by 2140, with 18.5 million currently on the market. So 21 million people could theoretically own 1 Bitcoin and that’s it.
Conclusion
I would definitely still buy Bitcoin, because in my opinion there is still a lot of upside potential. If you are considering other coins, feel free to write me or leave a comment. Always remember that now still the crypto market is very small and therefore very volatile, but that will still change in the future when more is regulated in the future. But then the big players in the market will also recognize Bitcoin as an investment.
When I sell and then buy again can be inquired under Services and under Contact and I will then give a more detailed analysis. Especially for large investors this can be very interesting.
Quelle:www.blockchainguru.ch
If you click on the picture below you will get to a very good crypto dealer, who also sells other coins and you can also trade. Have fun!
Blockchain explained very simply. Bitcoin has made it possible to handle financial transactions between two parties directly without having a middleman in between to control this. And who ultimately controls this transaction? All participants in the Bitcoin network control the transaction and thus the bank is eliminated. This is only possible because there have been advances in network technology and all transactions are no longer centrally located on a server (the bank), but all information is simultaneously available on all computers in the network.
Consensus decides, as in democracy
So you can no longer cheat a single instance, but would have to corrupt the whole network and this is not possible today. This is why we also speak of decentralized regulation. The majority decides which transactions are approved. At Bitcoin, this is done via the Konsenus Proof of Work. and is made by the miners. The power lies with all and no longer with the individual. Actually nothing else theoretical than in a direct democracy.
DeFi is an abbreviation for Decentralized Finance and means that financial transactions can be solved via Smart Contracts. This means that you can invest mainly through ETH and the Smart Contracts do the rest. They calculate how much interest you get, whether the demand corresponds to the supply and thus adjust the number of coins distributed. And all this without an intermediary like a bank.
Is this safe?
Since everything is secured with Smart Contracts and runs on the block chain, of course everything is secured, but this does not necessarily mean that it always pays off. The market is very dynamic and one must already observe a little bit whether one pulls its Coins again from an investment, if the net yield does not yield any longer enough. There is a balance between lenders and borrowers and the Smart Contract tries to regulate this relationship in the best possible way so that the highest returns are achieved.
Which project has the best potential?
I decided to invest in HEX because this code is designed to get the most return on investment. The HEX token has made over 4000% ROI since the beginning, better than Bitcoin and Ethereum combined. I think that there is still a lot of potential in it, because you can strengthen (mine) the token and profit even more, besides the price increase. The longer you stall, the more profit you generate. If you click on the picture below you will be directed to the HEX Exchange, where you can buy HEX. There is also an affiliate system and you earn when someone clicks your link and stakes and buys HEX. So don’t miss this opportunity and buy this token today to benefit from its enormous potential.
Crypto currencies could be the solution for the financial problems of our society. The central bank has no control over Bitcoin and most crypto currencies. Therefore crypto currencies are a thorn in its side. Because our central banks simply print money that is not covered. Nixon removed the gold peg to the USD to finance the Vietnam War, so our money is no longer worth anything. Most importantly, the central banks print vast amounts of new money, which makes inflation higher and higher and you lose about 2% every year if you leave your money in the bank.
Bitcoin is inflation protected
Bitcoin is designed so that there will only be 21 million Bitcoins by 2140. More than 17 million have already been produced to date. The Bitcoin price has risen since its creation by over 7000%. There will also be fewer and fewer Bitcoins in the future as bitcoin production (mining) is reduced by about half every four years. Thus it is comparable with gold. The demand is increasing, but the quantity of goods is limited. So it follows logically, that the price must rise.
Bitcoin as world currency
Bitcoin was designed so that everyone in the world could use Bitcoin defined by the code. There are 8 digits after the comma, so one Bitcoin is 100’000’000 Satoshis. A Satoshi is the smallest unit of Bitcoin, comparable with Rappen with the franc or Cents with the euro. Optimists estimate that at some point a Satoshi will make up about a cent, so you can imagine the potential that Bitcoin has. Then there will be some Bitcoin millionaires more than already now.
The advantage would be that if Bitcoin were truly accepted as a means of payment by the whole world and by governments, it would be a safe, independent and inflation-adjusted currency and would provide access to financial markets for a number of emerging countries. Bitcoin works as long as there will be the Internet and it is really impossible to imagine life without it as long as we are not hit by a meteorite or some other natural disaster.
Therefore I am optimistic that Bitcoin and CO. will remain us in the future still for a long time and now is exactly the time, in order to invest and also use into these crypto currencies.
I have been a Binance customer for a long time, the largest crypto exchange in the world. I’m not exactly a passionate trader, but I must say that Binance has such a wide range of different coins. You can also invest in different DeFi and it also has margin trading, futures etc. It’s incredible what the app can do, or even the desktop version.
What I also use is the interest function of Binance. One gets 1.4% annual interest on his Bitcoins and other crypto currencies. That does not sound after much, but with the compound interest effect there already which comes together and also better, than if the crypto currencies lie simply so on the Wallet. Ok, they say you should never trust an Exchange and put your coins on a wallet where you have the PrivateKey. But I have to say that I still have a small amount on Binance to get interest on my Bitcoins and since Binance is the largest cryptoexchange, nothing can happen. The coins are also insured.
Conclusion: Binance is definitely the best cryptoexchange in the world and you get interest on your Bitcoins. If you still like to trade, then Binance is the best platform anyway, because it offers the best and biggest coins and in different currency pairs. If you want to save 5% of the trading fees, click on the picture below and you will get this bonus.
Bitcoin is meanwhile really nothing new and actually everyone knows this crypto currency. Most questions are whether it is still worth investing in Bitcoin?
One does not become rich overnight!
The persons, who are from the outset thereby in Bitcoin are meanwhile millionaires and paid besides no cent for the Bitcoin, since they mined from the outset. But even these did not become rich overnight, it took several years until the Bitcoin really gained in value. Today it is no different. Whoever buys Bitcoin today should not think that he will become a rich man overnight, but should think longer-term. I’m sure the Bitcoin will reach $100000 and maybe even more, but that happens intermittently and then in a few years. But I buy Bitcoins every two weeks (I have a savings plan at Bitpanda) and I am sure that in a few years I will benefit from it. If it goes down or up a bit, I don’t care, because I think longer term.
Alternative Investment
Bitcoin is certainly a good investment for the coming years and decades. The possibilities are certainly not as huge as when you were there from the beginning, but at least the potential to make ten times your investment is not bad either? I know from a reliable source that the rich have at least invest 1% of their assets in Bitcoin and they know why. They have the best consultants and sources and therefore they see a bright future in their investment in Bitcoin.
Yes or no to crypto currencies
Conclusion: Yes, I would recommend everyone to buy Bitcoin and even some other coins, but not with the expectation of being rich overnight. It is an investment for the next few years or decades. So make yourself a savings plan and buy some Bitcoins every few weeks. If you click on the following picture, you will find a good dealer with good prices and about 30 other coins you can buy.
