Post
Topic
Board Economics
Re: Why the Bitcoin is still down?
by
Oneandpure
on 17/10/2019, 23:11:55 UTC
Personally, I think that mass adoption is going to push the prices up and reach a new ATH. As the supply is limited, by increasing the demand for Bitcoin is going to have a significant positive effect in its price. We should try to integrate Bitcoin as a way of payment method in e-commerce businesses at first. This is very easy and it can show results directly to the market.
But today demand for bitcoin less volume while investor still waiting for when bitcoin raise up,not have good information about bitcoin will be adopt by company and legal transaction by government make bitcoin price very down now, now we hope at bitcoin halving in 2020 will be bitcoin back to higher price? actually halving day will be in 2020 and bitcoin usually come back to higher price with support by investor.