Is Bitcoin diamond a good investment in 2021?

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Is Bitcoin diamond a good investment in 2021?

If you are looking for virtual currencies with good return, BCD can be a profitable investment option. Bitcoin Diamond price equal to 1.390 USD at 2021-12-11. If you buy Bitcoin Diamond for 100 dollars today, you will get a total of 71.957 BCD.

Why is it a bad idea to invest in Bitcoin?

There’s a potential for fraud and theft While some cryptocurrencies are legitimate, there is also the potential for fraud and theft. On top of that, because cryptos are so trendy, there are investment schemes surrounding these currencies.

Is Bitcoin diamond token real?

Bitcoin Diamond (BCD) is a hard fork of Bitcoin.

How does Bitcoin diamond work?

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The Bitcoin Diamond blockchain is capable of processing 100 transactions per second, and each block on the network can hold 8MB of transaction data. Bitcoin Diamond uses an X13 proof of work algorithm — an algorithm that acts as a deterrent for ASIC miners and encourages the use of mining with GPU’s.

What will Bitcoin diamond be worth?

DigitalCoinPrice has given the most bullish price prediction on Bitcoin Diamond for the upcoming years. They predict that BCD will grow to $3.80 in just one year. Bitcoin Diamond will keep rising and may reach $6.80 by 2025 and $9.90 by 2028.

Is bitcoin Diamond (BCD) a good investment?

Bitcoin Diamond price increased by 134\% since then and is $0.61 at the time of writing. With the current market capitalization of over $114 million, BCD is still among the Top 100 digital currencies. Is BCD a good investment?

What happened to the price of bitcoin Diamond?

Right after the hard fork, Bitcoin Diamond peaked up to $99.37, which was the asset’s highest price of all-time, according to CoinMarketCap. The price, however, lost more than two-thirds of its value in the upcoming weeks and by falling down to $30.35 on December 10.

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What is the total supply of bitcoin Diamond?

The total supply of Bitcoin Diamond reached 210 million BCD coins. Having in mind, that the low supply allows the asset price growth, the high total supply, on the contrary, brought the asset’s price down, making it more affordable than Bitcoin.

Is bitcoin the best way to start investing in crypto?

Bitcoin may enjoy first-mover advantage at the moment, but the barrier to entry in the cryptocurrency space is especially low. All it takes is time and coding knowledge for blockchain — the digital and decentralized ledger that records transactions — to be developed and a digital token to be tethered to the network.