How High Will Bitcoin’s Price Climb?

Bitcoin has been the trending topic in the past couple of weeks as it continues breaking records and sky-rocketing in value. Millions of people use this cryptocurrency to make money and become overnight wealthy people, but they also use it as their main payment method because it has tons of advantages over the FIAT currencies.

A certain level of anonymity, instant transactions, low international fees, and no hidden or added fees implied by the banks are just a few of those advantages. By using Bitcoin and escaping these fees, people actually save money when trading with this cryptocurrency.

Recently, Bitcoin managed to smash the 2017 record in value as it topped $20,000 in value, but from what we can see, it doesn't plan on stopping anytime soon. We wanted to take a look at Bitcoin's case and see how high can its price go. We are also going to remind everyone of the 2017 record and get familiar with the process of earning Bitcoin. Let's begin breaking down this topic.

How Do People Earn Bitcoin?

The way to earn Bitcoin is through mining. Mining is a process that requires miners to record and verify every transaction made with this cryptocurrency. Of course, this is not as simple as it seems because miners are required to solve puzzles in order to earn Bitcoins. Each recorded transaction is called a block, while the log that contains all transactions is called a blockchain.

After miners earn Bitcoins, comes the second hard part - selling them. The process of selling may not be as hard as determining when to sell them. As you know, Bitcoin has a very high volatility rate, meaning that its price fluctuates and changes daily, thus making it hard for miners to earn the highest possible profit.

In times like...