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  1. Is (bitcoin price) it going to come down again?

A record high was achieved by the price of the cryptocurrency (cryptocurrency) Bitcoin, which has continued to rise in recent weeks. Is it still a good idea to invest in Bitcoin, given the fact that the price of the cryptocurrency continues to rise?

The price of Bitcoin was reported to have reached US $ 66,000, or around Rp. 931 million per chip, during yesterday’s trade on Wednesday (20/10/2021) trading. That amount surpasses the previous high of US$ 63,000 achieved in April 2021, when Bitcoin was trading at that time (Rp 924 million). Bitcoin was trading for about US $ 61,000 per chip, which is roughly equivalent to Rp. 861 million the previous day in international trade.

The price of Bitcoin is now trading at US $ 65,767.39 per chip as of 7:15 a.m. local time on Thursday, October 21, 2021. The price of Bitcoin increased by 2.4 percent during the course of the previous 24 hours. The price of Bitcoin increased by 14.32 percent during the course of the previous week.

Bitcoin price

The introduction of the world’s first Bitcoin-based futures exchange fund (ETF), ProShares Bitcoin Strategy (BITO), which debuted on the New York Stock Exchange (NYSE) on Tuesday (19/10/2021), is credited with sparking the rise in the price of Bitcoin. ProShares Bitcoin Strategy (BITO) is the world’s first Bitcoin-based futures exchange fund (ETF).

The acquisition of BITO shares does not automatically imply that a user will become the owner of Bitcoin assets or money. A portion of the fund that is traded on a futures market will be purchased by the user, and the fund will monitor other assets and future stock contracts, including Bitcoin trading assets.

Is (bitcoin price) it going to come down again?

When it comes to cryptocurrency assets, Bitc0in is well-known for having a price that varies dramatically and is impossible to forecast. By the middle of July, the price of one Bitcoin had plummeted to US$ 30,000, or around Rp. 423 million.

Some analysts believe that Bitcoin investors, particularly those who are interested in long-term investments, should not be misled by the present high Bitc0in price because of the volatility nature of the cryptocurrency. “Although the price of Bitc0in in general has lately increased, the crypto asset has suffered ups and downs during its trip,” according to an investor from Invest Diva, according to a report prepared by KompasTekno from Time.com on Thursday (21/10/2021) and published by Time.com.

In addition, an analyst at Humphrey Talks stated that “if you believe in Bitcoin’s long-term potential, you should not be swayed by this (the Bitc0in price increase),” adding that it is the wisest decision.

According to investing science, on the other hand, if the price of an asset is high, now is the greatest moment to earn a profit from that asset purchase.

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Mr Ell

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