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  • #16
    Now bitcoin ran into 9000. What do analysts say? Will it break the level?

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    • #17
      I strongly doubt that we will see any movement before September. Serious investors go on vacation in May.

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      • #18
        Well, for some reason, the bitcoin wasnít affected by the height of the trade war. What affects the growth of cryptocurrency?

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        • #19
          Trade war could have had a positive effect on the growth of bitcoin, since it is a recognized alternative to traditional paper money. Gold also grows after the start of the trade war. Why shouldnít bitcoin grow for the same reason?
          Last edited by Ubahon; 07-28-2019, 11:18 AM.

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          • #20
            New cryptocurrencies, like any financial asset, are growing due to demand. If the creators guess the needs and successfully satisfy them, people start buying the coin. At the beginning of the life of each new cryptocurrency, the price strongly depends on the listing on recognized crypto-exchanges. The more exchanges include a coin into circulation by their customers, the higher the price. Also demand from potential consumers. Lightcoin, for example, grew while other coins fell. This winter, lightcoin was allowed to use to paying for goods by various large retailers, so the coin became more expensive. Here is the answer.

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            • #21
              I think, that in general, it is not quite right to compare Olymp Trade and crypto exchanges. Olymp trade can not be afraid of the competition with crypto exchanges as they can not be competitors at all. Cryptocurrencies are the small part of all the Olymp Trade assets and not the main. And crypto exchanges specialize in cryptocurrencies exchange (hah, obvious). They have hundreds of coins. On crypto exchanges, many users are buying cryptocurrencies in the long term, for the position investments. In his turn, Olymp Trade allows earning on short-term trading. So these are totally different things.
              Regarding the bonus from Olymp Trade Ė I think, itís worth to take it, although it doesnít change anything globally. This is just your airbag in case the deals will be unsuccessful and you will lose all the deposit. Personally, it didnít happen to me, so I didnít use the bonus. As it doesnít oblige to anything, so you can take it.
              In any case, if you want to earn by high-frequency trading on Olymp Trade, I would recommend to concentrate on the analysis of fiat currency pairs. Cryptocurrency is an interesting asset, but too unstable. itís hard to predict it, especially if you are doing it regularly. Imho

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