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Niklas
2019-05-29, 13:02

Bitcoin price up 170 percent in six months

Last year, after an incredible climb in 2017, the price of Bitcoin against the USD fell by more than 3/4 of its highest price. It probably scared many of the investors hoping for a quick win. After hitting a low-point in December, it started a slow climb. On April 2nd the price jumped 15 percent. Since then it has been mostly up. Yesterday the price reached 8,713 USD, which, from its low point on December 15th, makes a 170 percent rush.

An interesting thing, I think, is that the trading volumes are higher now than when the price peaked in 2017.


Best regards, Niklas 🎈

jordan
2019-05-30, 00:03
#1

Interesting! Does this mean that Bitcoin is now less of a risk as it is less volatile?

Also, with regard to trading volumes, I assume that simply means that more people are trading it now than before?

Niklas
2019-05-30, 11:40
#2

No, I definitely don’t think of it as less risk. As an investment for your retirement I would advice against it. As an “insurance” against a financial end of the world and a fun “spice” in your portfolio, maybe. 🙂


Best regards, Niklas 🎈

Niklas
2019-05-30, 11:41
#3

About the volumes, I can’t say if there are more people trading or if they just trade in higher volumes.


Best regards, Niklas 🎈

Niklas
2019-06-22, 13:38
#4

Since I wrote #0, the price has surged another 16 percent, hitting 10,144.


Best regards, Niklas 🎈

jordan
2019-06-25, 00:49
#5

Wow! Any reason for such an ongoing positive trend? Is the confidence that was once there returning?

Niklas
2019-06-25, 10:36
#6

It’s been like this since its beginning. Steep climbs and then heavy falls, but in the long run up. It may be traders pushing it, I don’t know. By the way, its up another 10 percent since #4. 11,323.


Best regards, Niklas 🎈

Niklas
2019-06-26, 21:23
#7

13,677 now, 21 percent up since yesterday.


Best regards, Niklas 🎈

Niklas
2021-05-07, 12:17
#8

I remember those highs of the Bitcoin price. I don’t remember how high it went that time though. It’s about four times as high today, less than two years later.


Best regards, Niklas 🎈

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