Why is bitcoin price getting high and is it right to invest in bitcoin?5 min read
Friends..! On December 5, 2016, the price of 1 Bitcoin was $751 i.e. around Rs 48,343 and on January 04, 2020, the price of 1 Bitcoin was $7308.72 i.e. around Rs 5,24,481, which means Per Bitcoin Price in One-year is high and Rs 671334 from last year There will be more. If you are still interested in Bitcoin and then you have to monitor the Bitcoin price chart in time so that you can get information about the changes happening in the price. We have shared the latest price chart of the year 2020 here, about which you will get information from here.
What happened in one year that the Bitcoin Price became high? Has the demand for bitcoin increased? Is Investing in Bitcoin better than Share Market Trading? Will the Bitcoin Price continue to increase like this in the future?
Many such questions come in mind regarding Bitcoin, if you have such questions regarding Bitcoin Authority, Price or Investment, then you are at the right place.
Bitcoin Price High क्यों हो रहा है?
What is Bitcoin Cryptocurrency? And who is the best in the list of Bitcoin Buy & Selling wallet in India? Everyone has a little knowledge about it and in today’s time people associated with Internet and Social Media Platform are familiar with the term Bitcoin.
If you do not know about it at all, then click here and know what is Bitcoin and how it works?
Bitcoin is a Decentralized Currency and it does not have any Authority or Bank. Who owns bitcoin. Till now there are only 21 Million i.e. about 2 crore 10 lakh Bitcoins in the whole world.
For the last few months, a lot of people are investing in Bitcoin. In such a situation, 21 Million Bitcoins are being used by investors and digital marketers from all over the world, due to which its price has increased so much. And it will continue to increase in the future also at the same higher price.
A question comes in the mind of many people that when there is no authority or bank of Bitcoins. So how are New Bitcoins created and who makes them?
Bitcoins are Cryptocurrency and very Secure and Encrypted Algorithm is used in its Transaction Process. For which many High-Performance Computer Systems are used and this complete process is called “Bitcoin Mining”. New bitcoins are created only through mining.
Bitcoin Price in 2020:
It has been just a few days since the year started and you can see changes in its price in the online market. If you have information about the share market NSE / BSE, then it will not be difficult for you to understand its trading and price variation chart.
Within just one day, its price has jumped by $500 and the next day saw a drop of $100. If you want to explain it in an easy way, you can monitor it like the price of gold on Google Finance and other such websites. Information about Crypto-coins is given on the go
Here I am sharing the chart of the last few days, which is with the report related to the year 2019 to the year 2020.
This is the latest report only, in which you will get to see day-wise changes and you can see the changes that happened in the last few days.
In this image, you can see the changes from the year 2018 to the year 2020 in the chart and if you download its table and have information about Predictive analysis, then you can guess about the upcoming changes. I have told about some top Bitcoin wallets that can help you buy and sell it online.
क्या Bitcoin Investment करना सही है?
Forbes took the advice of many big investors regarding Bitcoin Investment, whether Bitcoin can be invested in view of the future.
Regarding this, Blockstream Co-Founder Adam Back said,
“My advice to people is that they must purchase a little bitcoin, because the price of bitcoin is going to be higher and the time is not far when the price of one bitcoin will be $100K i.e. 64 lakh rupees”
If you want to invest in Bitcoin, then you can invest for both Long term & Short term Time Period. But before investing read the Bitcoin FAQs thoroughly and understand how the Bitcoin system works and if possible take the advice of a digital marketer.
If I tell you from my point of view, it is up to you to decide where to invest and if you can invest in Mutual Funds, then perhaps you can do this too. See, no one knows when the price of Bitcoin will be high and when it will be low and if you want to invest, then you have to decide it yourself.
Here I am sharing about some basic bitcoin investment tips and you must follow them.
First of all, you get information about it and know the answer to what, why and how.
Keep a close eye on the bitcoin market and understand the price chart and its ups and downs over a period of time.
Do not invest all your money only in bitcoin investment.
Have the ability to bear the risk, if once you have a loss then you should be careful.
Friends, Bitcoin Price is getting high and earlier people believed that Bitcoin Price can go up to $1000 maximum by being high. But the price has also crossed $10000 which is beyond all expectation. If you do Share Market Trading and invest in Share Market, then you must invest in Bitcoins and it can give you a lot of profit.