2015 in Review: Bitcoin’s Resilience in the Face of Adversity
Big questions are regularly flowing through our minds. For cryptocurrency fans, some might include, “Where is Bitcoin headed in 2016? Where will it go, and what will it do? What advancements and new strategies can we expect to see?” 2015 has been a year of twists and turns. We began January with bitcoin reaching a new low. The price of the coin fell below $200 and left many people feeling depressed, upset and genuinely let down. Those of us riding on bitcoin to do powerful things in the financial world watched helplessly as the numbers (along with our hopes and dreams) continued to drop.
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The goal of this article is to review the growth of Bitcoin as a whole over 2015 compared with 2014. This article will be broken down into months, covering January-December. Bitcoin’s price over the months will be explained simply rather than in-depth for the sake of brevity. I hope you enjoy a review of 2015! Before jumping into 2015, we will establish some key facts that will be revisited at the conclusion of the article. These statistics will be very important for calculating Bitcoin’s growth over 2015 and will allow us to make predictions about how Bitcoin might progress over 2016.....
The goal of this article is to review Bitcoin’s growth as a whole, and discuss key events that happened in each month, and attempt to predict what we can expect 2015 to be like using 2013 and 2014 as years of comparison. This article will be broken down into months covering January- part of December. Bitcoin’s market will be explained simply rather than thoroughly analyzed. I hope you enjoy this article as we review this action-packed year for Bitcoin and look into what the future might yield. Before jumping into 2014, we will establish some key facts which will be revisited at the....
2013 saw the price of bitcoin go from $13 to $266, then to almost $1,200 on the back of strong growth in China. There was a correction, as the Chinese government implemented policies to make bitcoin trading much more difficult, but the digital currency has since rallied and shown significant resilience in the face of adversity. Many believe the price of bitcoin will increase in 2014, with some Wall Street analysts even predicting it could reach almost $100,000 at some point. But what do you think will happen to the price in the coming year? Do you think the bitcoin price will hit $10,000....
2015 was a banner year for bitcoin. It brought some key developments for the digital currency’s acceptance, particularly by the financial sector. But like every year since its 2008 debut, bitcoin’s progress came with challenges. Bitcoin has not been embraced by enough consumers, businesses and government to be called a mainstream currency or commodity. 2015 brought more signs that it is on the right path, and its naysayers have never been more discredited. There is no question that 2015 has brought a change in tone of the conversation surrounding bitcoin.
Bitcoin is still tethering around the $40,000 angle as the market goes through the motions of social and political crises. It has adversely affected the crypto market as it has other financial markets but the market has held strong in the face of adversity. Despite declining prices, bitcoin investors are still holding on to their […]