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❕NEWS Bitcoin Records 3x Higher October Average Trading Volume Than Apple, Microsoft, Amazon

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The first eleven days of October was very positive one for bitcoin as it made unprecedented move to hit average daily trading volume of $36.7 billion which was far ahead four top companies in the financial sector which are Tesla had $14.64 billion, Apple's $10.98 billion, Amazon's volume was $9.09 billion, and Microsoft's trading volume was $7.13 billion.

This made Bitcoin a major competing asset in the financial market.

Share your opinion on this!!!
 
It is a general commodity in the sense that people everywhere in the world can have access to it.. just that some countries have decided not to allow it's citizen to participate in cryptocurrency which to me I see it as it is not the best option.
If the whole world decide to adopt bitcoin as legal tender, the price will skyrocket because it has limited supply and this will lead more demand.
 
If the whole world decide to adopt bitcoin as legal tender, the price will skyrocket because it has limited supply and this will lead more demand.
That is it true,even if they are not adopting now but I believe in the future the price of cryptocurrency like BTC will reach the total mining limit that no other BTC ever will be mine again, this will push the price of bitcoins to a ridiculously higher price.
 
That is it true,even if they are not adopting now but I believe in the future the price of cryptocurrency like BTC will reach the total mining limit that no other BTC ever will be mine again, this will push the price of bitcoins to a ridiculously higher price.
Definitely and at that point miners won't be able to mine so only buying and selling of bitcoin will be on trend for users.
 
Definitely and at that point miners won't be able to mine so only buying and selling of bitcoin will be on trend for users.
Seriously I am waiting for that time because such will be huge and as long as it is bitcoin we are expecting other cryptocurrency to follow, you might see bitcoins close to 1 million u.s. dollars .it is something that can happen in few years time.
 
Seriously I am waiting for that time because such will be huge and as long as it is bitcoin we are expecting other cryptocurrency to follow, you might see bitcoins close to 1 million u.s. dollars .it is something that can happen in few years time.
That's very possible because when it becomes very scarce doubt it will be expensive and miners might shift to Mining other coins likes ethereum, monero and others.
 
That's very possible because when it becomes very scarce doubt it will be expensive and miners might shift to Mining other coins likes ethereum, monero and others.
Wow, but I don't really know if other cryptocurrency is really profitable. Because as I understand , mining of cryptocurrency like BTC is the most profitable that is why most people are concentrating in mining it
 
Wow, but I don't really know if other cryptocurrency is really profitable. Because as I understand , mining of cryptocurrency like BTC is the most profitable that is why most people are concentrating in mining it
Yes Bitcoin mining is more profitable and difficult simply because the value of bitcoin is very high so people prefer to mine bitcoin to sell at higher price than smaller coin.
 
Yes Bitcoin mining is more profitable and difficult simply because the value of bitcoin is very high so people prefer to mine bitcoin to sell at higher price than smaller coin.
I don't really know why most people do not like to concentrate in mining of other cryptocurrency because this could have make it easier don't only concentrate in Bitcoin is alone , The smart chain, ethereum could have been the best option
 
Bitcoin might have had an great October but stocks have already beaten bitcoin as you can search for nvidia and modern a so you can safely go for a company's stock with demands of market for it
Honestly October month was a very good one for bitcoin and the entire Crypto currency market but the month of November wasn't really and the December is even worst as we can see continuous deep in the market on daily basis . Let hope January will be more better than this month.
 
This is definitely an evidence that a lot of people are becoming much more interested in cryptocurrency. I am particularly surprised that it has been able to match all these big technological companies combined but then I am beginning to be afraid that the price of Bitcoin is becoming overpriced and there might be a retracement soon.
 
Bitcoin might have had an great October but stocks have already beaten bitcoin as you can search for nvidia and modern a so you can safely go for a company's stock with demands of market for it
There is a lot of the company stocks that are doing well and there are quite a few as well that are linked to teh crytpocurrency market because that specific country is so heavily invested when it comes to these coins as well that a lot of their profit is deppendent there.
 
This is definitely an evidence that a lot of people are becoming much more interested in cryptocurrency. I am particularly surprised that it has been able to match all these big technological companies combined but then I am beginning to be afraid that the price of Bitcoin is becoming overpriced and there might be a retracement soon.
Year 2020 was a big blow for the cryptocurrency ecosystem to make Giants strides which has made the ecosystem to compete favourably with most top rated assets in the entire global financial market. I am also very optimistic that this year Apple will officially Integrate cryptocurrencies into their platform.
 

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