Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
The wild growth and recent price fluctuations associated with bitcoin have investors seeking price predictions for the coming year. Investors are understandably concerned about whether bitcoin will experience a crippling course correction, or continue rapid growth.
If you’ve been on the internet sometime in the last year, you have undoubtedly encountered Bitcoin, the digital payment system that, on the surface, appears just as radical and revolutionary as it does ethereal.
Finally, know your breakeven point; the price at which you can exit a trade without incurring any loss due to trading fees. If you enter a trade only for the market to meander sideways, consider exiting at breakeven rather than wasting time and energy on monitoring a flat market.
Bitcoin is just like all other digital currencies; nothing new. Nearly all other digital currencies are centrally controlled. This means that: They can be printed at the subjective whims of the controllers