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As of the time of writing, Bitcoin (BTC) is hovering at the US$4000 markers, having dropped from US$7000 as of mid-November 2018. At December 2018, after the drop from US$7500, BTC is trying to find support in the US$4500 level, having done so once last week but instantly rebounded a few hundred dollars downwards.
All the same, I see BTC in 2019 with strong growth potential, should it hit the US$6000 mark then advancement to US$7500. Otherwise (that I do not is highly probable), we'd BTC go downhill probably to the US$1000 mark (since there really is no significant support levels in between).For those of you looking for investment information, 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 purchase bitcoin for investing nowIf you currently have BTC, it would not be a wise decision to market it all now because the market is fluctuating so strongly.
As such, and I believe there is 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 the BTC you've got.
Then again, if you're into investing BTC, chances are, you would have much greater than 0.003 BTC, rightNevertheless, if you are the second kind of person who determines BTC is too risky now, I'd suggest the following. Having a pessimistic attitude, anxiously await BTC to drop to US$1000 AND earn a rebound from 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 may have now (or then) into Free Bitcoin Wallet, Faucet, Lottery and Dice! to earn interst. Even if the price of BTC drops, you'd then possess a 4.08% buffer that you make up your mind to sell or not. hop over to here
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 share and upvote! Since this is my second time writing financial advice on BTC, feel free to comment any suggestions and advice that 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 biggest cryptocurrency, has had it tough since it attained its peak at $19,500. Following the 2017 December to 2018 January frenzy ended, everyone was expecting BTC to recuperate. Unfortunately, it didnt recuperate and things only got worse. Right now, BTC is hovering above $4,000 and there is no saying when another endure traction will choose the purchase price below this level. .
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As anticipated, some experts have given their opinion about 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 have a lot of long-term attempt for it to get to 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 significant sell-off was no real surprise. Whats more, these small scale investors are less likely to return to the market any time soon. Only elderly clients who believe in the industry will most likely remain. .
The reduction investors suffered didnt only influence them financially, it also influenced them emotionally and well. Imagine a new investor entering into the marketplace when the price was as large as $19,500 and remaining in the marketplace until it fell to as low as $4,200 and even lower. This can have a serious emotional effect on a person. .
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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 real way BTC is going to regain its garner legitimacy and composure is if institutional investors enter the market. But since the majority of these investors arent willing to take the financial risks attached to trading cryptocurrencies, they do not want to get 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 makes up for 10 percent of those AuM. BTC could fall into the bucket. Macro funds are potential institutional candidates.