Bitcoin Might Not Hit $20,000 Again Till 2019
Bitcoin Might Not Hit $20,000 Till 2019
It reached its Peak in December 2017 and it has halfed in two months the Crypto market has had a run out of money since then.
Companies like Facebook have banned Crypto ads and then media around the world have run negative stories on the Crytpo
This has had an impact of the fresh new money coming into the money
It has slowed it down I do not see this changing in the short term
I think its going to be drip feed higher this will take time
The market has bottomed it not going to race back to same carry on as December 2017
It took 3 years for bit coin in 2013 to reach its high again in 2016
Its going to be a slow climb up again but it will happen for sure
Let Me know your thoughts and follow and comment Thanks
Wonderful writing man👍
I think towards the end of this year we'll see some great peaks. Let's just buy all our friends are favorite crypto for the holidays, sound good? If I buy my niece some BTC for her birthday this year, how much do you think it'll be worth when she goes to college?
yeah who knows the price in 18 years
excellent information........Your article is great about Bitcoin. Bitcoin is a coin. Those who have this book will have a better future.....@newmarket65
well post in all steemit user...
thanks for shareing....
Even though bitcoin shot through the roof last year, there where a few things that really hurt it as a currency. Constant regulations and bans imposed on using the currency around the world, and the increasing costs and wait time of transactions.
While there's not much that can be done when a government steps in to regulate it, the transaction costs on the other hand are being handled by the market. Bitcoins coding makes it really limited in the number of transactions it can sustain at any given time, as you saw last year when it was hitting around 20k there where a lot of transactions overloading the blockchain which put excessive strain on the wait time and fees. When the smoke began clearing around 10k and there where fewer transactions the currency was able to begin stabilizing again.
However recent new innovative technologies such as lightning/hash networks have been in the works to speed up and facilitate the transaction problem. Large companies who've invested in equipment that can handle strain of the blockchain are outsourcing their processing power locally to individuals who don't have the means to download and maintain the entire blockchain.
Normally last year I would have said bitcoin has an upper limit of value (20k for instance), where once that limit has been reached it would be too expensive to transact with until the market slows down and corrects itself. But now with recent innovations the possibilities of it surpassing it's former highs are likely, to what extent I'm not sure but I'll be keeping an eye on it.
and it's all because banks are putting hurdles in cryptocurrancy domination @newmarket65
awesome post..
$10800 is a resistance level. If Bitcoin will touch this mark then It will go to ATH $25000 in April or May this year. But if It will not touch that mark then We can expect it to go down more like $6000 again!
These are my thoughts on some analysis.
yeah its hard to call it might be in a channel of $10,000 to $12,000 for a bit its hard to know
the nice of your being positive .. in cryptocurrency. .
i think it will reach 20k in late 2019...i think it is a slow, gradual grind up from here on out
yeah i think so