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As of the 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, after the fall from US$7500, BTC is trying to find support at the US$4500 level, having done so once last week but instantly rebounded a couple hundred bucks downwards.
All 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 (that I do not is highly probable), we would 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 categories 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 sell it now as the market is fluctuating so strongly.
As such, and I think there is potential for BTC to go up, you need to invest in BTC to earn some interest (not in high-yield investment programs, mind you) until the purchase price goes back up to, say, US$5000, then you can make an exit. Just visit Free Bitcoin Wallet, Faucet, Lottery and Dice! And deposit all of the BTC you've got.
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Then you can purchase BTC. This could happen, I think, sometime in Q2 of 2019. All the same, deposit any BTC you might have now (or then) into Free Bitcoin Wallet, Faucet, Lottery and Dice! to earn interst. Even if the price of BTC drops, you would then have a 4.08% buffer for you to make up your mind to market 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 advice on BTC, don't hesitate 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 first biggest cryptocurrency, has had it tough since it attained its peak at $19,500. Following the 2017 December into 2018 January frenzy ended, everyone was expecting BTC to recover. Unfortunately, it didnt recover and things only got worse. imp source Right now, BTC is hovering above $4,000 and there is no saying when another endure traction will choose the price under this level. .
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As anticipated, some specialists 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 equilibrium short-term, its going to take a lot of long-term attempt 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 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 older clients who think in the industry will almost certainly 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 real way BTC is going to regain its garner validity and composure is if 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 get involved in the market.
Some potential institutional candidates are Marco funds CTAs, multi-strategy funds and alternative strategies have roughly $600 billion AuM. Commodity assets alone which 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.