Bitcoin up 100% in 14 days
Dear Reader,
After the extraordinary bull run of 2017, Bitcoin grew 2,500% in December — reaching an all time high of $20,000. Soon after this saw the Christmas crash that reached a February low of $6,000.
That is a considerable rise and crash by all standards.
Diehard crypto skeptics called this the defying moment in Bitcoin’s demise. The average investor who considered Bitcoin too volatile to get involved, felt relief that what was considered a “once in a lifetime opportunity” was in fact a dud.
However, the last two weeks have seen Bitcoin’s price rise to just under $12,000 — that’s a massive 100% increase in just 14 days!
All seasoned cryptocurrency enthusiasts have experienced enough Bitcoin booms & busts to know that crypto doesn’t adhere to the standard economic price cycles.
No-nonsense financial analyst Tama Churchouse describes cryptocurrencies as existing in dog years. The speed at which blockchain and related technologies are advancing is at such an exponential rate, to measure their performance by standard metrics is ludicrous.
The truth is, if you look at other metrics such as global interest and adoption, Bitcoin and other cryptocurrencies have never been more popular.
Although, with so much uncertainty still clouding its future, the view of cryptocurrency is divided with many believing it’s just a millennial fad that will go away as quickly as it came.
However for the rest of us, including the team at LocalCoinSwap, we understand that cryptocurrency is a revolutionary technology that is providing an opportunity to transform the way in which the world interacts.
The LocalCoinSwap team has been unfazed by past falls in crypto prices and has never been more determined to create a peer-to-peer exchange that will allow users worldwide to exchange directly and seamlessly.
As far as LocalCoinSwap is concerned, there has never been a better time to get involved in the crypto community.
To see what LocalCoinSwap is up to or to get involved in our community, head over to the website or follow us on any one of our social media platforms through Facebook, Twitter, or join the conversation on Telegram.
