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Will Bitcoin Go Through A Major Price Correction Or Reach $6,000 By The End Of 2017

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What Will Happen To The Price Of Bitcoin During 2017

The price of Bitcoin is reaching all time highs and it is getting the attention of the world largest investors and hedge funds. Although they are still skeptical they can no longer ignore the BTC as it has outperform every assert consistently now for three years.

The price will depend on a number of factors. The main area that is fueling the growth is the current worldwide financial crisis that just will not go away no matter how much money Governments pump into the banking system. If the crisis get worse which is a strong possibility when you consider the type of people in charge of our countries, the price will continue to rise.

The added security of holding your own money is a key reason investors are flocking to buy crypto as it safe guard their cash. Lessons have been learn when Cyprus collapsed and the banks took money from its account holders to pay off debt.

With Bitcoin they would be unable to do this which is why anyone who has savings should hold a percentage in BTC.

Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. On Thursday, bitcoin hit an all-time high of $2791.70, according to CoinDesk data, marking a 180 percent […]

Click here to view original web page at Bitcoin could see a 47% correction, but some say it’s going to $6,000

This post was last modified on May 17, 2021 1:04 am

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Daniel

I am the founder of Bitcoin Casino No Deposit Bonus and have been studying concurrency technology since 2013. I have been traveling South East Asia for the last 6 years and am a huge gaming fans that takes part in eSports competitions. I love relaxing on a evening watching the sun set with a cold beer and great music. I also teach other travelers how to become digital nomads so they can become free of the system.

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