The year 2015 has ended and investors can now calculate the result of their investment activities. What has Bitcoin brought to us last year? On the first day on the year 2015, January 01, 2015, the price of Bitcoin moved to the level of $313, which is 59.35% less than a year before that, on January 01, 2014, when the price was $770.
During the first two weeks of 2015 the price of Bitcoin dropped sharply to $177. The price then rose gradually to $250 in September and had moved to another top of $300 by the end of October. The maximum price in 2015 we saw in December 2015, when the Bitcoin price was approaching a level of $480. However, on New Year’s Eve investors decided to take their profit and the price of Bitcoin has now dropped to $430.
As we have seen, in 2015 Bitcoin had to deal with a lot of factors that influenced the cryptocurrency’s volatility and price. However, in 2015 the daily volume of transactions reached new levels as Bitcoin approached world famous payment systems, such as Western Union and PayPal . Bitcoin’s transaction fee is relatively lower than most other payment systems. The volume of investments in US Dollar in 2015 increased to $469 million. More than one hundred thousand companies worldwide are now accepting Bitcoin as payment. Therefore, despite all the difficulties that the cryptocurrency had to face in 2015, Bitcoin confidently holds its position and is firmly embedded in our daily lives. The year 2016
In 2016, with some confidence we can say that Bitcoin will continue to grow. One reason for this is the two-time reduction of new Bitcoin coming into the market. According to the Bitcoin algorithm the reward for confirming one block is reduced twice every four years. And […]
