ICOCalendar.Today

  • ICO Directory đź“–
  • ICT Token 🔥
  • Blockchain News đź—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project đź’Ł
  • Submit Press Release 👍
  • ICO Directory đź“–
  • ICT Token 🔥
  • Blockchain News đź—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project đź’Ł
  • Submit Press Release 👍

Why Bitcoins Leap Year Prices Hint at Long Term Growth?

3/1/2020

Comments

 
bitcoin long term growth
Crypto Twitter Analyst Danny Scott has drawn attention to Bitcoin’s historic price moves before its previous two halvings (on every leap year since inception). Why does this assertion suggest long term value growth for BTC? Analyst Points To A Clear Pattern The founder of U.K. exchange CoinCorner and Bitcoin core contributor has long pushed BTC’s long-term price potential. Scott has tweeted: #Bitcoin price on 29th February 2012: $52016: $4362020: $8,625 — Danny Scott ⚡ (@CoinCornerDanny) February 29, 2020 Although Scott does not make a price prediction, by demonstrating the price on February 29 in the year before each previous halving, he clearly demonstrates that Bitcoin’s price is due to soar should it follow the same pattern. Scott also makes clear the folly of betting against Bitcoin’s growth. Scott is far from the only analyst to put forth data suggesting a 2020 Bitcoin bull run. It is worth noting that the retracement of the past two weeks has been frustrating, the fundamentals have not changed, nor have the opinions of these market experts. Also, the notorious volatility of the crypto markets is presently on full display. Many factors now influence Bitcoin’s price, and more than ever day-to-day swings bear no reflection on longer valuation trends. Perhaps the most telling sign that Bitcoin’s price will soon move up is the substantial increase in transactions across the entire blockchain space, clearly indicating that the technology is moving mainstream. Bitcoin and Crypto Space Is Rapidly Diversifying It is worth noting that much has happened in terms of cryptocurrency development and adoption since 2016. Most notably, altcoins have emerged as key challengers to Bitcoin’s hegemony. Whereas no platform presently threatens to dethrone Bitcoin as the top platform, there is no question that mass adoption will involve a diverse blockchain space. Even if Bitcoin price experiences a major market boost after the halving, it will need to prove its technical worth to a larger and more skeptical public. Thus, the Lightning Network will need to reach a point where it is both user-friendly and widely utilized. It is no understatement to say that this scaling solution represents the very key to Bitcoin’s long-term price success.  For now, the mood among patient and forward-thinking investors remains optimistic. To them, this currency price correction reflects an opportunity to buy Bitcoin at what could be the last remaining time when it sits below USD $10k. The next few weeks will no-doubt reveal if their predictions ring true.  Do you think Bitcoin price has long term growth potential? Share your thoughts in the comments below!   

Originally from Bitcoinist.com https://ift.tt/3ak9Qpa
Comments

    Blockchain News

    Leading global blockchain news provider. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.
    BLOCKCHAIN NEWS

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017

    RSS Feed

​About

  • About us​
  • ICT Token
  • News​​
  • Testimonies
  • Terms of Service​​
  • ​​We on Google News​ 🤑
  • ​We in the media
  • ​Partners

Let's connect!

News Feeds

  • Blockchain News
  • Jobs Board 👨‍🎓
  • Bitcoin News
  • Ethereum News
  • Binance News
  • ​Tron News
  • Cardano News
  • EOS News
  • Tezos News
  • Stock Markets
  • COVID-19 News
  • Crypto News
  • Chainlink News
  • Litecoin News
  • Dash News
  • Monero News
  • ETC News
  • NEO News
  • Maker News
  • DeFi News
  • ZCash News
  • Algorand News
© 2017-2020 ICOCalendar.Today. All Rights Reserved.