Bitcoin price may double at the end of this year
The rise of bitcoin
rate makes it a good investment in a short period of time. Making this a good
way to keep your currency growing by itself. Having thins in mind, you can
safely have your money safe and growing in this new cryptocurrency that is not
hard to get
The observation of
the bitcoin and other cryptocurrencies has been mentioned by hedge fund says
the currencies have shown the growth in value specially on bitcoin. And thanks
to the rise of the bitcoins, other cryptocurrencies has grown along with it
The stability shown
by the digital currency (Bitcoin) is presented as the result of the use given
by the investors. People wanting to hedge their positions or even short the
asset, for example, can use futures contracts traded through Bitmex.com, a
marketplace that specializes in them. Investors can even use the platform to
check whether the direction of the currency is changing.
The quarterly contract
sold at Bitmex entered backwardation -- the future price fell below the spot
price -- in January, shortly after the PBOC started cracking down on the
exchanges. In a market that is limited in supply, the fact that most of the
greater entrepreneur are betting prices will go down, must be bad news in
economical aspect. So it proved, but this time hedging may have limited the
downside.
Bitfinex is another
site that has been created to buy and sell Bitcoins in short times. The
exchange even publishes an average daily rate for borrowing the currency, which
has been going up in the past two weeks.
Recently a bitcoin
costs around 1800$ which make it one of the most high priced currencies
(personally, is the highest that I know how to earn). the bitcoin price rose in
a day from 1700$ to 1800$ this surge has also made people sell it, thinking it
is the highest it can get, but I think this is just the beginning.
statistically speaking this currency has done nothing but grow, generally
speaking, so there is nothing else to expect it but to keep growing.
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