But the point is that many people become frustrated and anxious in the face of these fluctuations, especially early in their arrival.
It is at these times that people make emotional decisions based on these concerns and lack of information.
This will result in a total loss of your capital.
Therefore, you should be fully acquainted with the reasons for these fluctuations and the factors affecting it.
Reasons for Bitcoin fluctuations:
Remember that in any case you will face fluctuations for investing.
Every investment will not stay the same. Rather, it always faces fluctuations in which you just have to be patient.
This means knowing the right time to buy and sell and do not be afraid of any fluctuations because it is completely natural.
Reasons for Bitcoin price fluctuations include:
Bearish markets (Bears are people who are frustrated with the future of Bitcoin. Therefore, as soon as the price of Bitcoin rises, they start selling it.)
Bullish Market (In the Bullish Market, people are very optimistic about the future of Bitcoin. For this reason, they are constantly buying Bitcoin. In fact, they create a high demand for Bitcoin, which ultimately pushes up the price of Bitcoin.)
Special holidays (Bitcoin prices are rising as we approach some holidays in foreign calendars and on special holidays such as Thanksgiving.)
Whale market (These people have a direct impact on the price of Bitcoin by buying a large amount of Bitcoin and selling a huge amount of it. These people play an important role in these fluctuations by buying and selling a large amount of Bitcoin)
Fear of missing out or FOMO (These people, with unnecessary fears caused by Bitcoin fluctuations, constantly buy and sell it at different times. This action is also effective in fluctuations.)
Changing the position of countries against Bitcoin:
(Each country fluctuates in Bitcoin and other cryptocurrencies due to its power and influence, as well as its own laws. This means that with an intrusive act from a particular country, we will see changes in the price of Bitcoin.)
All about Bitcoin:
All of the above can lead to significant changes in the price of Bitcoin.
But if you are attention, most of these factors are due to lack of information.
This means that if you entrust this action to skilled people or get enough information yourself, you will know the right time to buy and sell.
So that there is not no volatility in the Bitcoin market.
Bitcoin has become more popular in the field of digital currencies for a variety of reasons.
So this currency is the most trusted and the first option of every investor.
Because it is decentralized and this is a strong reason for this popularity.
Now you might ask about the value of this currency, how many dollars is each Bitcoin?
As you know, the price of the dollar also fluctuates a lot.
Therefore, a fixed price cannot be offered.
To know the exact price, you must be informed of this price daily.
But according to the latest data, each Bitcoin is now worth $ 38,619.
The next Bitcoin Halving:
When the Bitcoin mining reward is halved, it is called halving.
This halving usually happens every 4 years, which reduces, each reward by 50%.
This happened for the first time in 2012 and we saw it for the second time in 2016.
In 2020, it happened again that the next halving of Bitcoin will be in 2024.
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