Anyone who knows how to predict the course well can earn a lot of money. In any case, we are not venturing into a prediction. Yet we are often asked about our expectations for the bitcoin price. However, there is little meaningful to say about this in the short term. You can, however, use our ROI table at the top of this page. ROI stands for Return On Investment. This indicates whether your purchased bitcoin has become worth more or less, and by what percentage. The table makes a comparison with the situation one year ago, three years ago and five years ago.
We can say that the price of bitcoin
We can say that the price of bitcoin depends on various factors. What appears in the media often has a major influence, at least in the short term. Does the CEO of Twitter say he expects bitcoin to become the internet's currency? Then this will be widely reported and it will have a positive effect on the price. On the other hand, coverage of government regulation could cause bitcoin's price to fall. While regulation does not necessarily have to be bad. It can also remove doubts for large investors that make them decide to buy in.
So it pays to be up to date with the very latest crypto news.
The most important thing is how the bitcoin ecosystem continues to develop and whether the foundations are solid. Fortunately, it seems to be going very well. The number of people using bitcoins has skyrocketed, as has the number of transactions made with it. The computing power of the network has never been higher and the number of developers working to improve the software continues to grow. Because these developments are not that spectacular, the media will often ignore them, but in the end these are the things that really matter. In addition to the fundamentals of bitcoin, many investors also use technical analysis to see how the price can develop in the short and long term. That may sound very difficult, but we are happy to help you with that. On our YouTube channel you will find various examples of how we handle technical analyzes. In addition, you will find a lot of explanation on our website about how you can make an analysis yourself.