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As of this time of writing, Bitcoin (BTC) is hovering at the US$4000 mark, having dropped from US$7000 as of mid-November 2018. As of December 2018, after the fall from US$7500, BTC is trying to find support at the US$4500 level, having done so once last week however instantly rebounded a couple hundred dollars downwards.
The same, I see BTC in 2019 with strong growth potential, should it reach the US$6000 mark then progress to US$7500. Otherwise (which I really do not is highly probable), we'd BTC go downhill probably to the US$1000 markers (because there really is no significant support amounts in between).For those of you looking for investment advice, I'd say, that of the following two groups do you fall into 1) someone who currently owns bitcoin; or 2) someone who wishes to buy bitcoin for investing nowIf you currently have BTC, it would not be a smart decision to market it now as the market is fluctuating so strongly.
As such, and I believe there's potential for BTC to go up, you need to invest in BTC to earn some interest (not in high-yield investment applications, mind you) until the price goes up to, say, US$5000, then you can make an exit. Just go to Free Bitcoin Wallet, Faucet, Lottery and Dice! And deposit all of the BTC you've got.
Then again, if you are into investing BTC, then chances are, you'd have much more than 0.003 BTC, rightNevertheless, if you are the second kind of person who decides BTC is overly risky now, I'd propose the following. With a pessimistic mindset, anxiously wait for BTC to fall to US$1000 AND make a rebound out there (this is important).
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Then you can buy BTC. This might happen, I think, sometime in Q2 of 2019. 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 purchase price of BTC drops, you'd then his response have a 4.08% buffer for you to compose your mind to sell or not.
Still, thats better than none, rightThats all I got to 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, feel free to comment any suggestions and advice you might 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 first largest cryptocurrency, has had it tough since it reached its peak at $19,500. Following the 2017 December into 2018 January frenzy ended, everyone was expecting BTC to recuperate. Unfortunately, it didnt recuperate and things only got worse. Right now, BTC is hovering over $4,000 and there is no saying when another bear grip will choose the purchase price under this level. .
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As expected, why not try this out 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 equilibrium short-term, its going to take a good deal of long-term attempt in order for it to reach its all-time high of almost $20,000.
Statistics have shown that retail investors dropped the most during this bearish market. That is why the major sell-off was no surprise. Whats more, these small scale investors are less inclined to return to the market any time soon. Only elderly clients who believe in the industry will almost certainly remain. .
The loss investors endured didnt just affect them financially, in addition, it affected them emotionally and well. Imagine a new investor entering into the market when the cost was as large as $19,500 and remaining in the market until it dropped to as low as $4,200 and even lower. This can have a severe psychological effect on a person. .
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A Bitcoin and technology researcher, Boris Hristov had a whole lot to say regarding the current marketplace conditions. According to him, the only way BTC is going to regain its garner validity and composure is check here whether institutional investors enter the market. However, 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 roughly $600 billion AuM. Commodity assets alone that are held by hedge funds were $300 billion as at 2017. It constitutes for 10 percent of those AuM. BTC may fall into this bucket. Macro funds are potential institutional candidates.