Bitcoin Rally! Is it the Time to buy now?

The baseline point of reference in economics are general assumptions or laws within which people as individuals or even in groups operate.

13:19 29 June 2021

Rationality and independent interests are some of these assumptions. In economics, analysts are potentially able to predict future occurrences based on past experience or data-based generations according to trends. From this, profits and losses can be predictable. In a similar fashion, Success and failures, war and peace treats, high production and famine and many others. Booms and bursts, in trade have in the past been predictable too. This is why the shifts witnessed recently in bitcoin are quite much expected too. At around a similar time in 2020, there was a low turn, based on several factors. A repeat has been seen in 2021.

 

With this in mind, it is of great value to note that surrounding such occurrences, investors have been witnessed to trade off their bitcoins for greater value. These surges have in the past been witnessed in the year 2014 and 2018 and therefore it would not be very far off to expect notable corrections in 2022, 2026 and 2030

 

Can crypto trading be protected against risk?

 

Yes. There are proven ways to protect your bitcoins from loss, be it from hacking, phishing or other common forms of cybercrimes that have generally been associated with losses occurring, not specifically from the trade itself, but from loose factors that surround its operation ability.

 

Whereas in case of direct losses from the act of trading are expected, as of any business, there is loss and profit. This has been effectively catered for, by Crypto Engine that is keen on providing a safe trading environment for you and encrypted to prevent theft of data. Crypto Engine functions under the globally recognized and respected EU General Data Protection Regulation (GDPR). This platform is committed and ensures that data privacy laws are observed to the latter.

 

Historical booms and bursts

 

Tulips are flowers that are neither common to find nor are they hardy. In the early 1600’s, the tulip flowers became famous, highly sought after by the wealthy since it was associated with power and grandeur. This led to a sharp demand of tulips by the year 1634, at the peak of which a single stem would cost up to times six the salary of an average earner. And as such, started trading in the stock exchange markets in Dutch industries. As expected, people looked for alternate sources of funding to buy shares, being sure that the tulip prices would only continue to soar. The tulip is still rare, quite pricey and fragile.

 

Current projections

 

Forbes says there is a model that suggests bitcoin could hit $115,212 by August 2021 base on the stock-to-flow ratios of the previous two halving. In this pricing format, the value of a commodity is calculated by assessing the available supply versus what quantity of it is getting into the market. Investment company heads have also been quoted to project that bitcoin could be geared towards a multi growth outburst based on its growth and expansion potential by incoming investors as well as positive changes on innovation.

 

In the month of May 2021, bitcoin lived through its third halving with the bitcoin reward paid to its miners in half.

 

How it works

 

Miners are individuals who work behind the scenes to secure the bitcoin network. They do this by solving very complex mathematical computer problems using extremely sophisticated computers which incorporate a graphics processing unit or an application-specific integrated circuit. And by this, more bitcoins enter the circulation at a controlled rate. When one is first to solve a mathematical mystery, they are rewarded. This reward is what is commonly referred to as crypto tokens.