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As of this time of writing, Bitcoin (BTC) is hovering in the US$4000 markers, having dropped from US$7000 as of mid-November 2018. At December 2018, following the drop out of US$7500, BTC is trying to find support in the US$4500 amount, having done so once last week however immediately rebounded a couple hundred bucks downwards.
The same, I see BTC in 2019 with strong growth potential, if it reach the US$6000 mark then progress to US$7500. Otherwise (that I do not is highly likely ), we'd BTC go downhill probably to the US$1000 mark (because there is actually no significant support amounts in between).For those of you looking for investment advice, I would say, that of the following two categories do you fall into 1) someone who currently owns bitcoin; or 2) someone who wants to purchase bitcoin for investing nowIf you currently have BTC, it would not be a smart decision to sell it now as the market is fluctuating so strongly.
As such, and I think there's potential for BTC to go up, you should invest in BTC to earn some interest (not in high-yield investment applications, mind you) until the price goes back up to, say, US$5000, then you can make an exit. Just go to Free Bitcoin Wallet, Faucet, Lottery and Dice! And deposit all the BTC you've got.
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Then you can purchase BTC. This might happen, I think, sometime in Q2 of 2019. All the same, deposit any BTC that you might have now (or then) into Free Bitcoin Wallet, Faucet, Lottery and Dice! to earn interst. Even if the price of BTC drops, then you'd then have a 4.08% buffer for you to compose your mind to market or not.
Still, thats better than none, pop over here rightThats all I must say for now. If you found this answer to be of use, dont forget to talk about and upvote! Since this is my second time writing financial advice on BTC, don't hesitate to comment any suggestions and advice you may have!Happy holidays!DISCLAIMER: THE ABOVE INFORMATION IS FINANCIAL ADVICE GIVEN IN MY OWN OPINION.
INVESTING IN BTC INVOLVES RISK. PLEASE ENSURE YOU DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE AS TRADING INVOLVES RISK.Free Bitcoin Wallet, Faucet, Lottery and Dice! .
Bitcoin, the initial largest cryptocurrency, has had it rough since it reached its peak at $19,500. Following the 2017 December to 2018 January frenzy ended, everyone was expecting BTC to recuperate. Unfortunately, it didnt recover and things only got worse. Right now, BTC is hovering over $4,000 and there's no saying when another bear grip will take the price under this level. .
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As expected, some experts have given their opinion regarding the current bear market and the majority of them dont think its going to end soon. While BTC may find stability short-term, its going to take a lot of long-term effort in order for it to get to its all-time high of nearly $20,000.
Statistics have shown that retail investors lost the most during this bearish market. That is why the significant sell-off was no surprise. Whats more, these small scale investors are less likely to return to the market any click to read more time soon. Only elderly clients who think in the industry will most likely remain. .
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A Bitcoin and technology researcher, Boris Hristov had a lot to say regarding the current marketplace conditions. According to him, the only way BTC is going to regain its garner legitimacy and composure is if institutional investors enter the market. But because the majority of these investors arent willing to accept the financial risks attached to trading cryptocurrencies, they do not want to become involved in the marketplace.
Some potential institutional candidates are Marco funds CTAs, multi-strategy funds and alternative strategies have about $600 billion AuM. Commodity assets alone which are held by hedge funds were $300 billion as at 2017. It makes up for 10% of those AuM. BTC could fall into the bucket. Macro funds are potential institutional candidates.