A question that has been repeatedly asked ...
Bitcoin collapsed briefly to below $ 4,000 during the mid-March crisis, as the price of Bitcoin suffered a sharp decline and then never returned.
As it turned out that the last quarter of this year was exceptionally bullish for Bitcoin, which more than doubled in value, breaking the record recorded earlier ($ 20,000).
While this upward trend is somewhat similar to what happened in 2017, there is something completely different, and retail investors appeared to be absent until recently.
Then, data emerged indicating increased interest and demand from retail investors.
What returns and poses a question. Article title:
Why would most people rush to buy bitcoin at a higher price and not when it is low?
2020: Outlook and Reality
When the new year started, the primary focus within the cryptocurrency community was the bitcoin mining reward split.
Where the split occurred in the middle of 2020, it has been described as an important game changer, which will slow down the production of the new digital currencies even further.
Explanation of the Bitcoin mining bonus split process in a simple way
Relying on historical data, most Bitcoin supporters have expected a significant price increase after the much-anticipated event.
The split has started and the number of new coins created has been reduced with each block.
The year 2020 was a year marked by the spread of the Coronavirus, this virus that spread around the world within months and infected several crucial points in human life, including health, freedom, relationships, companies, simple daily activities, and last but not least the global economy.
Most governments have responded by initiating full lockdowns in attempts to slow the spread of the virus.
While it remains uncertain whether these extreme measures helped people or simply prolonged the inevitable, one thing has become clear, the virus has affected the financial lives of countless people.