Apparently, the long-awaited by the whole crypto community event has happened. Bitcoin repeated the record high of 2017, and again reached the value of $20K. At the moment, it seems that BTC can no longer be stopped
Read completely - https://decimal.news/bitcoin-has-crossed-the-mark-of-20k-leading-ethereum-ripple-xrp-and-other-altcoins/
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Historic data and how Bitcoin has performed in the past is no indicator of the future, but I figure there's no harm in talking about how some events in the next few months may affect the bitcoin price. (and perhaps be ready to buy a bit more if we do see a dip)
Christmas and New Years:
Could we see it go down? If there's no-one in the greyscale office to push that big buy button on a daily basis, the incredible levels of demand we've seen lately may drop off.
Could we see it go up? It is bonus season afterall and the bankers might wanna treat themselves.
Will Brexit influence the price? (January 1st the UK could leave without a deal) The UK has a pretty big economy and leaving the EU is stupid- could the UK economy tanking lead to people rushing to 'safe havens'
Chinese New Years:
The chinese new year (Friday 12th February in 2021) does seem to have effected the price historically, with a slow dip in January followed by a sharp increase around the Chinese new year- will we see a pattern like this in 2021? Potentially, would it make sense to have a bit of money lying around to buy some bitcoin in the couple of weeks beforehand?
Financial New Year:
It's the financial new year in April- I was going to go with the theory that Bitcoin will go down, but apparently historically it has gone up in April and tends to finish the month with a gain.
My take-away:
I got no idea what bitcoins gonna do in the future. I'm not gonna pretend I do. The limited amount of lazy research I just did encourages me to HODL through January (even if it does start going down like a slow puncture). Depending on January performance maybe use some of my January pay packet to buy a little more before the Chinese New Year.
What do you think will happen?
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Is it exorbitantly essential to report issue glanced in Bitcoin? Is it too critical to even think about utilizing reward centers in Bitcoin? Is it too critical to even consider changing number in Bitcoin? Is it excessively key draw back money using Bitcoin? Is it excessively imperative to hack record of Bitcoin? Does money APP have an email? The helpdesk remains energetic each of the a chance to help and help the clients. At the point when you dial the Bitcoin Support Number,You will in a small amount of a second acquire related with the exploring experts that will effortlessly help you in orchestrating the issues. This is the one stop course of action helpdesk where you will acquire all the solutions for your issues. Experts in an issue of minutes. Thusly, only interface with us as fast as conceivable insistently and acquire all of your issues worked out. What To Do When You Can't Transfer Money From Bitcoin To Savings Account? To manage such issues relatively, You can hold fast to the underneath taped headways: Most prominently, open up the application. Break on the leveling tab choice. Disregard just as Click on the money out tab. Go into the entire you need to convey to the bank. Break on money out tab. Pick in the middle of second or normal decision. Call the scanner.After that you will unquestionably acquire an authentication spring. Snap on the decision done. By following the recently expressed progressions you will unquestionably have the alternative to acquire cash off Bitcoin without greenbacks card. In the event that you can't consent to the techniques For what factor To Adjustment Password Of Cash, at that point contact the looking at experts at Bitcoin Technical Assistance Number The gathering reachable will positively help you in dealing with issues as in front of normal as could be foreseen in light of the current situation. app Account? 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We have all seen recently the critics of the mechanism that keeps Bitcoins supply at no more than 21 million coins, let’s not complicate this debate by adding in lost or hacked coins let’s just stick with 21 million.
We all know in theory that cap could be raised if all miners agreed to that increase and there may be certain circumstances that could make that kind of increase move plausible.
Now personally I believe the argument about the cap increase is scraping the bottom of the barrel as most critics are running out of arguments against Bitcoin as an investment.
The big question and one I cannot answer as I do not have a computer science degree is whether the community could eliminate this cap argument via an upgrade to the protocol.
I image a mechanism that could be built in that if anyone did try and vote or implement a cap increase would or could trigger a destruction of the chain, kind of like a suicide button which would literally destroy Bitcoin and everything that existed.
Of course this would be an extreme event and with it being triggered automatically in that event wouldn’t that be enough to prove that no way ever would there be any supply increases in the future.
Or for conversations sake has anyone else pondered this issue as it seems to be being used more and more by none believers.
Thoughts please.
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