Bitcoin Trend / Is It Too Late to Invest in Bitcoin Now ?
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No, It is never too late !
Bitcoin is volatile and its price keeps going up and down. There’s a group of people fear this volatility and do not invest. And there is another group of people who trust bitcoins , who believe in it and invest in it.
So , which side you belong ?
I would like you to analyze,
why the Bitcoin price is increasing the main reasons behind its rise.
What contributed to the Bitcoin growth ?
- Decreasing number of miners and less number of coins
- Increasing demand of Bitcoins
- Legalization of Bitcoins in Japan
- Investment from Investors and Venture Capitalists
The first two points are the main reasons for this price rise.
Where as the second point one of the main byproducts of last two points.
So now you can understand why the price is rising.
As long as these points hold true,
Bitcoin will be enjoying its honeymoon, price will keep rising.
There’s high speculation that by the end of the year Asian giants China and India would legalize Bitcoins , and if that happens then nothing in this world can stop them.
So , today the price is like 2300$ .
If you are investing anything between 1500–2500$ for 1 BTC , you can easily be able to double the money within an year.
The prices will be around $3,250 - $3350 by this December
and by May 2018 it will be around $4,000 and $4,480.
So Bitcoin has a huge opportunity.
There are some risks too. If a major exchange gets hacked tomorrow or some country bans bitcoins, then there may be a fall in price. There is always risk in investments but you should try at least.
Every comment, every up vote, every support is really appreciated.
Thanks For Reading,
@lordoftruth
Samer
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence. No one knows tomorrow's price or circumstance. I intend to portray my thoughts and ideas on the subject which mays be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
Nice post. I tend to believe we will see lower prices over the next month so would wait for a bit pullback before buying more. That being said if I didn't have any BTC now I would be tempted to just buy 0.1 to hold for the long haul just in case a pullback never happens.
I agree with you
May will see $1,780.
As long as the price is above $1600 the Bitcoin demand will be higher than Bitcoin supply and therefore Bitcoin Prices will be on the rise.
Good analysis as always.
I never resteem anything since 2017, because on my blog I only want to show my own articles. Sorry. But I try to support you otherwise.
Thank you for support
King Regards
I invest in Bitcoin beacuse i think it will be a currency that is used more i the future, therefore i dont want to be one of those who dont own it. I also think there might come other cryptos that maybe takes the first place and is more popular then bitcoin.
Well Done
This depends on your investment objectives, time horizon, risk tolerance and fundamental understanding of the individual cryptocurrencies and the underlying blockchain technology.
Cryptocurrencies are a new emerging asset class that demands informed research and a high tolerance for volatility.
That being said, it’s a great time to become educated in blockchain development applications and how this is tied to crypto’s.
I agree its a great time and I think this technology will help our world pretty much if it's used in the right way.