The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
In practice, the bitcoin rate had already fallen to 0. However, this can be called a technical problem. This happened in May 2019, when there was a failure in the trading mechanism on the BitMEX platform.
American investor Jim Rogers confidently stated that bitcoin is in a bubble and will soon depreciate. He argues that cryptocurrencies cannot exist for long without government control. But the thing is no one among the representatives of the crypto industry supported the investor's opinion.
Crypto experts say that the drop in the bitcoin rate to 0 could have occurred in the first five years of its existence when few people knew about the currency. Now everything has changed, bitcoin is very popular.
The first cryptocurrency has a well-developed infrastructure. In other words, in order to depreciate, bitcoin must lose everything: users, miners, exchanges, etc. This is not possible now. Bitcoin will always be at the top, as experts say.
However, there are factors that can bring down the digital currency rate. For example, a supercomputer capable of hacking BTC wallets or an unexpected decision by financial regulators to ban bitcoin. But this is unlikely to happen. Even if an attempt to hack the cryptocurrency blockchain is noticed, the developers will be able to find methods of protection.
Many large traders have already invested in bitcoin. Moreover, in some countries, cryptocurrency is accepted at the state level, for example, in Switzerland and Japan. Thousands of people use bitcoin for payments and savings. It has become an integral part of our life and will never drop to 0, but, on the contrary, will continue to rise in price.
By the way, on Wednesday, November 11, the bitcoin rate continued to grow. During the day, the price rose by 3% to $15,650. Another question arises: how high will the price of the cryptocurrency rise?
Analysts expect the digital currency to grow to $16,000 soon. The currency has successfully overcome the resistance levels of $15,500 and $15,600 and is now moving towards the mark of $15,850.
And in the long term, the price will skyrocket to $20,000 or more. The growth of the currency will be facilitated by a new support package from the Fed. Europe also has a quantitative easing policy. This will have a beneficial effect on bitcoin.
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