Bitcoin or cryptos are still in a very infant stage in the world of finance, and a lot of people from all over the world are hearing the terms like “cryptocurrency” for the first time on a daily basis. What that means is there are lots of people who are getting into the bitcoin concept or trying to buy some crypto, do not have any idea of the original vision behind the cryptocurrency technology, or how it is radically different than our present state of finance and economy. Please continue reading this article to know more in this regard, or click here to review for some in-depth bitcoin lessons. In this article, we will try to answer some popular questions you and a lot of bitcoin newbies often ask.

Question-1: But the downside of the Bitcoin system could be the artificial or forced manipulation in Bitcoin price, right? Like, if you’re a very wealthy person, then you can buy a lot of bitcoin, and then you can influence the market as per you will – is that true?

Yes, that is very true, it’s economics 101 basically – supply and demand. The supply of Bitcoin is fixed, and no matter …

Be prepared for the fact that someday you will buy an overvalued alt-coin on highs, and then you will wait for months until its price approaches the previous levels in order to at least break even. The same bitcoin is not growing indefinitely, and quite deep drawdowns happen. For example, immediately after the collapse of Mt. Gox first cryptocurrency went into a protracted correction, which stayed for about two years. However, with Trustedbrokerz now you can have the best support.

You can see how soon after reaching values ​​above $ 1000, the price began to plummet. Then, after a complete stop of trading in February 2014, the fall in prices accelerated even more. The recession lasted about two years a confident recovery began in 2016.

Those who turned out to be more patient and stronger in the spirit of the others received a good profit in 2017, which was extremely successful for cryptocurrencies. Those who sold bitcoins at the end of last year at $ 19,000, and then bought them at $ 6,000 a few months later, were most likely satisfied with the results of their investment activities. So, at the time of writing, Bitcoin is trading above $ 8,000. …

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