What is the best way to buy BTC?
The simple answer to this question is “because it was designed that way.” Well, but why can’t this limit be extended? Among other things, BTC’s finite supply acts as a deflationary measure and is one of the reasons why Bitcoin’s price is as high as it is. As for why this exact figure was chosen, there are a few theories about it. One states that it’s because the total value of all physical money in the world when BTC was developed was equal to $21 trillion. As a result, if Bitcoin had been then to completely replace fiat, 1 BTC would have been worth $1M, and one satoshi — $0.01. Bitcoins initial price You don't need to report crypto on your tax return if you didn't sell or exchange it for another type of crypto. Buying and holding also doesn't need to be reported. If you did sell or exchange crypto, though, you'll need to report any gains or losses realized, just like you would for stocks and bonds.How long did it take for bitcoin to rise
Specifically, we find that while the prices are high (above trend), the increasing interest pushes the prices further atop. From the opposite side, if the prices are below their trend, the growing interest pushes the prices even deeper. This forms an environment suitable for a quite frequent emergence of a bubble behavior which indeed has been observed for the BitCoin currency. We believe that the paper will serve as a starting point of the research line dealing with statistical properties, dynamics and bubble-burst behavior of the digital currencies as these provide a unique environment for studying a purely speculative financial market. (The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.) From 2019 to 2021, bitcoin again rallied to newer heights and briefly reached its highest value of $67,617.02 on November 9, 2021.