Yesterday, I checked out my coins.ph app and found out that the bitcoin price has risen.
I thought it was just an illusion but just now ...
A chart of the price from June-July.
This week's price change.
Today's price that change from time to time. Bitcoin users and developers influence the rise and fall of price
The crypto community comprising of Bitcoin users and developers serves as a vital influential factor causing price fluctuation. Trust factor plays a crucial role in cryptocurrency environment. In spite of several other altcoins being developed with more superior features than Bitcoin, it is still the most valued currency because of the trust the community places on the currency.So it is best for a trader to heed to the sentiments regarding Bitcoin. You should be in touch with the mindset of the community by studying the discussions, forums, and chats meticulously. This will help you to learn about the current situation and the direction in which the currency is heading towards.Not only is Bitcoin still in its fledgling stage, it is new, peculiar, and with an unstable rate. This makes it risky and mutable. But it is hailed as the currency of the future because of its revolutionary nature. Trading the currency has certainly benefited the community and will do so if the current trend continues. -from
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