What makes Bitcoin and other CryptoCurrencies go up in value?

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What makes Bitcoin and other CryptoCurrencies go up in value?

What makes Bitcoin and other CryptoCurrencies go up in value? Francis Hunt, stock market trader and educator comments. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Is it hype, speculation or some real/virtual value? Is the Cryptocurrency rush we are experiencing like the .com bubble? Is it a bubble or are Cryptocurrencies here to stay? Do people use the currency for anything besides speculation? What makes Bitcoin go up in value? Bitcoin, Ethereum, Ripple and Litecoin collectively have around a ~$90 billion valuation. Can they really be worth this much? It is partly hype but it also supply and demand. I think we are in a transition and as a result there is a wall of money that needs to move in the crypto world. So are we experiencing a CryptoCurrency rush? I would avoid the word Bubble – there might be parallels with the Dot-Com but cryptocurrencies aren’t going away in the long run. Yes

35 COMMENTS

  1. Really interesting video, I agree, I think we should differentiate between bubbles and new technology and thinking- using the Internet to create businesses was huge – and Blockchain could be huge too

  2. I’m noticing a pattern with crypto
    One day its high
    The next day its lower
    The day after that its even higher than it was before
    So on and so forth
    Example
    One day bitcoin was 33k per coin
    The next day it was back down to 29k
    The day after that it was at 37k per coin
    Same pattern applies to other crypto

  3. all he is saying is that whenever the yield dividend percentage increases alongg with the bitcoin value; that is when you see your investment play it self up, which also helps the demand of the people rise the sells.

  4. I think Bitcoin and Litecoin are super usefull as currency , or better saying was back in the day on deepweb … now bitcoin fees are way too high to be sutable as currency and since people used as currency look like fools now since it valued so much , even people that in the dya used it just as currency and not for speculation, now they afraid to use as currency because they afraid they go up and down in value . So Iam saving my bitcoin and litecoin until the price stops having such crazy volatability

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  6. Target Tron $1000….. Buy as much as u can…..Buy BITTORRENT also….. Tron is the BIGGEST BIGGEST BIGGEST BLOCK CHAIN . … BTT IS TRON’S TOKEN…. TRON WILL BECOME NEXT BITCOIN OF THIS WORLD…… MARK MY WORDS ❣️❣️❣️

  7. Hype and Fud might triggle certain cyles that are imminent. Some coins are trash true and just good for pump and dump. But some of them offer real value. Some of them already have products that will make a huge impact. For example TenX is offering a Visa debit card with cyrptocurrencies. Others offer security, Others offer fast transactions etc etc. It’s an ecosystem and will have long term ramifications. Some currencies are constantly being devalued by these record low interest rates. Look at the vaulations of GBP, EURO against currencies in Asia. Since 08. It has lost depending on the currency your comparing it to 20-50% of purchasing power. People are looking for places to put their fiat currency that won’t devalue and be susceptiable to governement policies on devaluing its currency.

  8. Can you be more pragmatic? giving simple examples or is it done in purpose to exclude some of our financial illiterate friends?

  9. At the time of this recording, BTC was at a market share of roughly 90 billion dollars. Now Bitcoin has over a trillion in market share. A solid decade with 200+ percent compound interest. That’s incredible. Here’s to a second decade like that 🥂

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