The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.
Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?
You can not predict the price or the increment of bitcoin, bitcoin price doesn't remain constant it always fluctuates, and secondly you can't compare bitcoin with crude oil because bitcoin just come into existence, if I'm not mistaken bitcoin come into existence in 2009 and this year is making bitcoin up to fourteen [14] good year's for existence while crude oil has been into existence for years, so bitcoin get increase due to the demands and the demands is what makes bitcoin to increase, I have specifically understand the level of bitcoin increment and understanding of bitcoin as well, what I noticed concerning bitcoin is that it rises unexpectedly due to the level of the demands that come across its part, many people who do not understand that rising of bitcoin is determined by investors and adoption, and only a positive news or information can as well Changes the narrative of bitcoin within a short time, what I understand concerning increment is the adoption, when investors is lesser for bitcoin the price becomes less.