The Great Market Value Potential of Bitcoin : Long Term Gains

During the last Bitcoin hard fork last August 1, many crypto-investors thought that it was the end of Bitcoin and they forecasted that the market price will eventually go down in the near future. Also, others say that bitcoin already reached its peak price and it was advised that Bitcoin holders should sell there investments to avoid future losses.

However, for the past week, these forecasts were put to the grave since Bitcoin prices suddenly went up and even surpassed its all time high price. See below:

New forecasts suggest that the future of Bitcoin is indeed good, hence, it would be advisable that all bitcoin owners should hold their investments. Some analysts even forecasted that the price may eventually reach $5,000 in the coming year or so.

Also, one should also note that Bitcoin is now more expensive than actual gold itself. These market prices suggest that Bitcoin is indeed an expensive and worthy investment since investors prefer to buy Bitcoin that actual gold.

However, one should take note that prices of Bitcoin is highly volatile and investing in these currencies is a high-risk transaction. Better yet, an individual should analyze and study first the possible pros and cons since these are only forecasts and may not be proven true in the near future.

Happy investing fellow Steemates!