after release bitcoin 9 years running. but bitcoin increasing or increasing.so anyone have good opinion for next five year about bitcoin? feel freee and drop your opinion.
thanks
I've heard a lot of 'experts' recommend holding Bitcoin as possibly the most important part of a cryptocurrency portfolio. Many people expect Bitcoin to continue to increase in value because it's the most established cryptocurrency and it is designed to be deflationary.
We don't know how much the value will increase every year but we have a historical record that shows very good gains over those 9 years even with all of the volatility.
I agree to his explanation. Based on the historical graph especially in the 5 years run, Bitcoin has proved that it can really spike up and become the number one cryptocurrency. Aside from the price value increase it made, there are also external factors that could really bring it down but it still remained. Example is the banning of Chinese government, which really proves that with that big news, Bitcoin can survive and Bitcoin will recover. It did not even have that much of an effect.
Well, that definitely explains it. I mean, before bitcoin's price used to be only around less than $100 but due to its exposure to the world, it skyrocketed its price until today reaching the $6000 mark. It might be very difficult to predict its price 5 years from now because of its volatile nature, but judging from the historical price charts, I would say that it might reach the $10,000 mark soon ASSUMING that there will be no hard forks, or ICO prohibitions happening (which I think is impossible and inevitable). With all that said, just hold on to your coins if you aim for investing it for long term.