BTC has finally made a move and fireworks are sure to follow. We’ve seen this all before, however, and that means the smart money was long ago sidelined by events, but not before it made its point very clear. This time is different.
BTC is a cryptocurrency. It is a digital currency that enables peer-to-peer transactions without an intermediary or clearinghouse. Bitcoin was created in 2009 by an unknown person who used the name Satoshi Nakamoto, which has been traced to a Japanese man named Satoshi Nakamoto.
BTC Makes A Turnaround
BTC has been around for over 10 years, but it’s still relatively new to many people around the world. The first time I heard about Bitcoin was when my grandfather told me about it back in 2012 when he saw an article about it on his Facebook feed and wanted to know more about what this technology could do for our family business.
As someone who grew up around technology, I found this information intriguing but didn’t think much of it at the time until my father informed me that he had purchased some bitcoins and wanted me to see if they were worth anything by putting them on an exchange site like Coinbase where users can buy and sell cryptocurrencies within minutes with simple steps like setting up your account details or entering your card number (which makes buying bitcoin super easy).
BTC has seen a lot of volatility over the years. The price dropped to $3,000 in 2015 and then rose to $20,000 by December 2017. It’s easy to forget that Bitcoin has had a long history of these big swings, as people are often too caught up in the moment to remember what happened before.
The current correction is reminiscent of 2014’s dramatic climb: After hitting a high of around $1,200 in late 2013, Bitcoin began dropping steadily until it hit around $400 in January 2015 — at which point everyone thought they’d missed out on their chance at making money from Bitcoin altogether! But within months (and some new technology), BTC was back above $1k and rising rapidly again.
It seems that the smart money was right all along. Bitcoin has finally made a move, and fireworks are sure to follow. We’ve seen this all before, and yet again it seems there is no stopping it from climbing higher as more people get involved. The question now is: how high will it go? And when will we see another record-breaking high?
