Portfolios Reviews & Comments - Page 3
Why bitcoin right now?
NotaPonzi
August 16, 2020
Do not forget that in addition to short-term statistics, there is a significantly greater negative background of the consequences of the first wave of the epidemic and the beginning of the second. Central banks have been actively stimulating economies for a long time, and this effect will positively affect popular indicators of economic health for some time, but this does not mean that the printing press will be able to solve fundamental problems, which means that we will continue to observe increased turbulence in the market, which can positively affect bitcoin.
Why bitcoin right now?
Chocolate Elf
August 12, 2020
Bitcoin is increasingly vulnerable to a potential dollar rebound. The general improvement in the economic situation after the publication of data on employment in the United States is pushing the dollar upwards and may become a negative factor for Bitcoin, as the coin attracted demand from large investors seeking to diversify part of their portfolio at the expense of the largest cryptocurrencies.
Why bitcoin right now?
Tiberio Grakh
July 19, 2020
Although Bitcoin has been near the bottom of $9000 for a long time, this does not mean that there are no changes around other digital currencies. In particular, you should pay attention to stable crypto coins, which are steadily increasing demand. Coin Metrics data showed that the volume of transferable value in stablecoins exceeded $2 billion in July 2020, while the similar figure for bitcoin fell below $1.8 billion. The growth in demand for is a logical market response to the need for cheap and fast transfers without being tied to country borders.
