Reason Why Bitcoin Will Grow SUBSTANTIALLY Into 2019

in #bitcoin8 years ago

Golden bitcoin symbol.jpg

It seems like the bunch of bad news surrounding Bitcoin and other cryptocurrencies is slowly entering to and end revealing a light at the end of the tunnel for the market.

From the past week, Bitcoin and other cryptocurrencies prices have been up continuosly high, especially when you compare them to other recent prices.

Some analysts looking at the current rise in the market believe that there are some reasons behind this.

Other cryptocurrencies rather than bitcoin are achieving more independence from Bitcoin and its change in price.

When we see Bitcoin jump in the market, we usually see Ripple and few other crypto jump a similar amount at the same time. This has made the cryptocurrencies somewhere connected to each other.

Analysts also believe that, considering everything that has happened in the past week, the market could be well on its way for a bull run within the next few weeks. If you do intend to invest, some experts have recommended that you invest over time instead of investing in bulk all at once.

founder and CEO of GN Compass says that after a four-month bear market, there are strong signs that we are heading towards a bull. He continues to say that:

      “Bitcoin dropping to about 6600 on the 
      5th of this month [July] was probably the 
      bottom for the year, it’s price will continue 
    to climb and probably hit a peak of around 
           15,000 this year… Cardano is the most 
      impressive so far.”

Other experts say," that investors are limited on time to get on the ‘cyrptocurrency train’. This is something investors will have to decide soon otherwise they might be to late.

having a tough past month, the last couple of weeks, have seen Ethereum recover nicely. After ETH jumped the $500 dollar hurdle there could be a bright future for the cryptocurrency.

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The continuous rise in BTC's price reflects the ongoing loss in faith in the existing fiat system.

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