Bitcoin’s price is predicted to keep rising. While that sounds like a good thing for those who are interested in this currency, it presents a potential problem for anyone who invested in it and has not sold their coins in the last year or so. People might be asking themselves if they should hold onto their bitcoins for the want of flipping them at what is likely to become astronomical prices, or if they should sell them before the inevitable crash occurs.
This coin is renowned for its volatility, having seen some rather big highs and equally big lows. It took six years for the price to climb from two cents to $266 and then fall back down to $2 over the next four years. While this currency has only just been introduced, it has already displayed its propensity for wild swings in price – so much so that professional investors have stayed away from it. Those who are interested in Bitcoin as an investment should be aware that there is no guarantee of profit and that they could lose their entire investment at any time – although a rise in the price of this magnitude makes the risk worth taking for many people.
The predictions of Bitcoin’s value are all over the place. While some have stated that it will rise to $1 million by 2022, others are saying that there is no value in the currency at all and that it will crash to zero. The truth probably lies somewhere between these two predictions – although the lower end of the scale would seem more likely than the higher one.
How does The Sandbox work?
The Sandbox is a project based on crypto-currencies and their price predictions. It enables people to document and share their predictions, research, and data – as well as allowing for these to be discussed by others. It is an ongoing experiment into the asset class, its volatility, and its future – an attempt to gauge what effect it can have on people, their behavior, and what they think about it. People are allowed to make predictions for currencies such as Bitcoin (BTC), Ethereum (ETH), or Litecoin (LTC) by posting them in this place over the next 12 months. The predictions that they make are then analyzed to see how accurate they were – and how long before the predicted date they ended up coming true. If they are deemed to be particularly accurate and well thought out, they will be posted on the Sandbox and cited in future publications. If a prediction turns out to be wrong, it goes on the ‘Worst Predictions’ list and reasoning is given for why it was wrong.
What is SAND?
The SAND coin is the native currency of this platform. It is used to pay for subscriptions, to reward participants for making high-quality contributions, and to those who help spread the word about it. The Sandbox uses Ethereum’s smart contract system, allowing people to create predictions on their website and get paid in ETH for doing so. The smart contract has two payment methods that can be used: The first is a ‘market maker’ based on the value of SAND, which is set at a rate of 100 coins per ETH. This method requires no actual exchange process – instead allowing people to deposit Ethereum onto it and make predictions as usual with their funds being converted into SAND at an automatic rate.
The Sandbox Price Prediction 2022
The Sandbox will feature regular updates on their predictions – and these can be accessed by viewing the blog that they have running. With so much information to take in, it can be quite difficult to find what you are looking for. To make this easier, it is best to use their search engine and type in keywords that relate to the coin or its prices that you want to look into. This should bring up results from their blogs as well as presenting articles from other sites that you might find useful.
