Lower Forecast: 7482.467
Upper Forecast: 8912.169
The price trend is decreasing and the current price is 21.8% above our forecast.
Lower Forecast: 7397.126
Upper Forecast: 8824.755
The price trend is decreasing and the current price is 19.68% above our forecast.
Lower Forecast: 7340.346
Upper Forecast: 8654.642
The price trend is decreasing and the current price is 17.12% above our forecast.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
For crypto-enthusiasts, it’s a constant challenge to keep up with the variations of Bitcoin prices. Every hour of every day, we open our favourite app in order to check prices. This is especially true if you have a lot of exposure to the market and are new to the cryptocurrency world.
The main problem crypto-enthusiasts face is the high variance of Bitcoin prices which makes it difficult to follow and understand market movements.Today, their best option is to regularly check the prices and the news, but of course, this is a heavily time consuming activity. With more people getting into cryptocurrencies, the problem will only get worse over time.
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