Bitcoin beginner here, theoretically if someone bought 1 BTC on April 15 when it was at $6,624 and then sold it at the high of $10,000 on May 7, they would make $3,376?
Is this how bitcoin works? I know bitcoin holders keep the bitcoin in anticipation that it will grow over time, but I am speaking theoretically if someone bought and sold at those moments. Also I know it’s not likely because no one can predict the lows and highs.
Bitcoin is now more mature and is driven by usage rather than speculation. The last time Bitcoin hit over 400k tx per day was recorded in January 2018, when Bitcoin price was $15 020. On April 2, 2019, Bitcoin again hit 400k tx per day but the BTC price was $4 761.
@ScottAdamsSays: RT @whenbtc: New all-time high trading volume for #WHEN $165,000 in the past 24 hours That's a 1,500% increase since April 15! @whenhub @Hotbit_news @idexio @ScottAdamsSays #bitcoin https://t.co/FPAso9xt10 https://t.co/Olxuwm0wQk
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Bitcoin and Ethereum Price Technical Analysis April 15 2019
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