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As of this time of writing, Bitcoin (BTC) is hovering at the US$4000 markers, having dropped from US$7000 as of mid-November 2018. As of December 2018, following the fall out of 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 bucks downwards.
The same, I still see BTC in 2019 with strong growth potential, should it reach the US$6000 markers then advancement to US$7500. Otherwise (which I do not is highly likely ), we would BTC go downhill probably to the US$1000 markers (since there is actually no significant support levels in between).For those of you looking for investment advice, I would say, which of the following two categories do you fall into 1) someone who currently owns bitcoin; or 2) someone who wants to buy 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 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 purchase price goes back up to, state, 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 have.
Then again, if you're really into investing BTC, then chances are, you'd have so much more than 0.003 BTC, rightNevertheless, if you're the second type of person who decides BTC is too risky now, I would suggest the following. With a pessimistic attitude, anxiously await 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 believe, sometime in Q2 of 2019. The same, deposit any BTC you may have now (or then) into Free Bitcoin Wallet, Faucet, Lottery and Dice! to earn interst. Even if the purchase price of BTC drops, you would then possess a 4.08% buffer for you to make up your mind to sell or not.
However, thats better than none, 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 information 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. next 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 rough 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 expected, some specialists 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 have a good deal of long-term effort for it to reach its all-time high of nearly $20,000.
Statistics have shown that retail investors lost the most during this bearish market. That is the reason 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 almost certainly remain. .
The loss investors suffered didnt just influence them financially, in addition, it affected them emotionally and well. Imagine a new investor entering into the marketplace when the price was as high 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 lot to say about the current market 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 most of these investors arent willing to take the financial risks attached to trading cryptocurrencies, they do not want to get involved in the market.
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 constitutes for 10 percent of the AuM. BTC could fall into the bucket. Macro funds are potential institutional candidates.