Post
Topic
Board Economics
Re: The recent rise in prices, temporary or more long term?
by
Flowzer
on 24/01/2021, 22:28:46 UTC
BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.

I disagree.

The Bitcoin price what we had last December 2020 until now was from $20,000 to $42,000 and that's a $22,000 increase in just couple of weeks, while in 2017, we had $900 to $20,000 which is only $11,000 of price increase, so what's the "slower" rate you were trying to say? It is Crystal clear that Bitcoin is much more aggressive now than before, that's because of recent countries adopted Bitcoin and big companies like Tesla and Microstrategy investing in bitcoin.

In the percentage, 22 divide by 20 is lower than 11 divide by 9. I think he trying to say that. Agree, big companies which investing on bitcoin really make big hope to us, i dont think the price will correction very dip even if the correction will happen.