Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: MUGNIA on November 02, 2020, 01:53:55 AM
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Crypto adoption will gain further steam in 2021, according to experts speaking with Cryptonews.com. To date, Bitcoin (BTC) and other cryptoassets have had a very good (yet turbulent) 2020, and with the global economy expected to continue stagnating into 2021 (and beyond), crypto might win additional converts with its promise of greater returns and independence from traditional finance.
2020: How accurate were predictions last year?
Industry players were pretty accurate when sharing their predictions with Cryptonews.com last year.
They predicted that Bitcoin’s May halving would increase demand for the cryptocurrency: this has generally been the case, with the price of bitcoin rising from a low of USD 5,000 to just under 9,000 in the weeks before May 11, and then rising steadily afterwards, briefly hitting USD 14,000 on some exchanges on October 31. However, it still can be argued what was the effect of the halving alone.
more : https://cryptonews.com/exclusives/crypto-adoption-in-2021-bitcoin-rules-ethereum-grows-faces-r-8167.htm
what do you think about this, your opinion is all expected
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I think that halving the supply of bitcoin shouldn't necessarily lead to an increase. Yes, bitcoin has grown, but I would not associate it with halving. I think the situation in the markets is now determined by the Fed's printing press. This is the main reason for the growth of all markets, including cryptocurrencies.
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I think that halving the supply of bitcoin shouldn't necessarily lead to an increase. Yes, bitcoin has grown, but I would not associate it with halving. I think the situation in the markets is now determined by the Fed's printing press. This is the main reason for the growth of all markets, including cryptocurrencies.
I believe that a combination of several factors, including halving and the economic crisis, will lead to a positive change in the Bitcoin exchange rate, which make investors look for more efficient assets for investment. That is why, in my opinion, it is a coincidence of circumstances that leads to a new bull run.
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As predicted for bitcoin to soar high it has continued with the trend. Bitcoin will grow more in 2021 as well as ethereum. This is as result of people religiously following this two great coins .
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As predicted for bitcoin to soar high it has continued with the trend. Bitcoin will grow more in 2021 as well as ethereum. This is as result of people religiously following this two great coins .
This is also a result of the fact that people in general, users of the cryptocurrency market, have become more attentive and judicious about their money and investments, so that the situation does not repeat itself as in 2017. That is why the market today looks more stable and therefore only promising cryptocurrencies attract sufficiently large volumes of investment funds.
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For mass adoption crypto still has a long road down, it could happen quickly if all major countries atleast give them a legal cover and preferably all around the world crypto gets a green signal with pro crypto rules.
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I think that halving the supply of bitcoin shouldn't necessarily lead to an increase. Yes, bitcoin has grown, but I would not associate it with halving. I think the situation in the markets is now determined by the Fed's printing press. This is the main reason for the growth of all markets, including cryptocurrencies.
It is generally believed that the halving price effect appears in about a year and a half. And it was in the first half of 2021 that bitcoin rose in price to as much as $ 69,000 after the May 2020 halving. This can hardly be called a simple coincidence, and once again. Still, it should be admitted that there is still a price effect from halving.
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Rivalry is one thing that's making the crypto market more dynamic and interesting to watch. I wasn't surprised when BITAY exchange decided to launch Bitay visa card and NFT as well as the incoming Bitay game, where you get to play with virtual money and earn real money for It. Not to mention the watch and earn features that will be integrated in this coming year. Bitay exchange has breed so many trading champions and more are still being nurtured and getting better with BITAY tutorials and trading tools available for it's users. Crypto adoption will be more accelerated with more robust platforms like Bitay exchange coming up.
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Crypto adoptions have continued on a yearly basis. The coming year will be great for the crypto community because the speculations of more adoption will be achieved. Crypto has come to stay and there is nothing that will stop the moving train.