We all know the history of Bitcoin (BTC) and especially the price fluctuation in relation to the US dollar. Is there anybody today who doesn't want to own some BTC in the e-wallets?! It doesn't make sense now to go back over the last 10 years of BTC's history and explain again what has happened to BTC since then. It's also redundant to re-tell the tens and hundreds of news, reports and information regarding the possibility that the value of BTC will increase and so on. Before continuing with my post, I will tell you two real events that happened in my life and are related to BTC.
- It happened somewhere in the middle of October 2010, when I had just started my studies in the UK. During my daily activities to explore the university campus, as well as meeting new people, being a first year student I was bombarded with dozens of invitations for various studies and experiments in sociology or psychology. I still remember receiving an e-mail from a colleague in the Sociology Department who invited me to participate in a study to help him with his doctoral dissertation. The prize was worth 30,000 BTC (YES, you read that right, thirty thousand BTC). At that time I had barely heard of BTC and I had no idea what it is, how it works, how it helps me with, and especially the value it would have almost 7-8 years later. I read a lot on the subject then, but I didn't understand anything. In the end, the study being scheduled to take place on a Saturday, I declined the invitation to participate because I was engaged in other weekend activities. 30,000 BTC wasted away ....
- In 2015, a friend of mine advised me to buy BTC. Although I had GBP 250 in my bank account (the value of a BTC was then at around 125 GBP) and I could have bought 2 BTC, I was not able to activate the Coinbase application at that time so as to confirm the transaction. I remember that in the days that followed, I was following with great interest the value of one BTC and when it had increased to 130 GBP I was really thinking "wow ... I could have made 10 GBP so easily ...". In the end, I was left with the money in the bank, the 250 GBP.
I wish you could have seen my face when the price of BTC had reached almost 20,000 USD. The two stories are real and I, personally, lived them. Let us now return to the purpose of this post.
By the way, I was announced as one of the winners of the contest #DEXTokenDeFined Writing Contest. I came out on the 5th place and I won ETH in the amount of 10 USD. Great. Thanks Paul for the support and for persuading me to write my post.
I've read recently a post that 1 BTC may reach a value greater than 20,000 USD by the end of this year. I don't know how possible this scenario is, because I'm not an expert. I know that history repeats itself, but I leave this to the experts and I'm just hoping.
According to that article
Bitcoin now has a 7% chance of beating $20K highs in the next 2 months.
This means that 2020 will witness the highest price recorded of a BTC. Lucky are those that kept their BTC :).
According to data from on-chain analytics resource Skew, as of Oct. 22, Bitcoin options were moving in favor of higher prices continuing in 2020.
My successful faucets!
PipeFlare & Hive ZCash - ZEC with tier 4 referral program
FreeCryptos: (DASH), (TRX), (ETH), (Cardano), (BNB), (LINK), (NEO) & (BTC)
