3 main reasons for long-term raising of bitcoin are sounded
The bitcoin isn't given, it is a fighter. Neither "funeral", nor negative outlooks, nor falling can break him. And he not only again rises, but ensures growth for many years thanks to the clear advantages. The edition 2bitcoins with reference to bitcoinist writes that there are three main reasons guaranteeing long-term raising of a rate of the main cryptocurrency.
The first reason consists in limited issue of cryptocurrency. As you know, only 21 million bitcoins have been produced, at the same time 4 of them are mislaid in digital space forever. So demand for bitcoin which already renews without doubts will cause the long growth of cryptocurrency. It is also possible to notice decrease in its volatility that will positively affect demand.
At the same time demand for bitcoin is maintained also by the beginners who only have come to the market or not decided on where it is worth making investments. The main cryptocurrency undoubtedly is considered the best option for initial investments. By the way, the creator of Litecoin Charlie Li also speaks about it:
"In the world there will be only 21 million BTC. It isn't enough even in order that each millionaire owned at least one. Try to get 1 BTC before buying other coins (including Litecoin). As soon as at you on hands is 1 BTC, buy any altkoina which will like".
The second reason — full freedom. Neither developers, nor mayner, nor especially the state can take bitcoin under control, having subordinated him to the will. For all the time of existence of cryptobranch of it still nobody managed to make!
The third reason we will call "Lindy's effect". According to him, estimated life expectancy of a thing or technology is proportional to their current age. It turns out that the longer they exist, the higher them chances of survival. And if to consider that the bitcoin was the first cryptocurrency, the ancestor of everything, then his chances of long and long growth are very high.
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Great article! I found it very interesting.
Talking about ICOs, after doing your own research, also finding good ICO projects can be profitable.
I want to share with you guys this new exciting project: RAWG.
Check out this new article where RAWG is mentioned as the "IMDB of gaming" on FORBES, one of the leading global media company, focused on business, investing, technology, entrepreneurship, and leadership.
https://www.forbes.com/sites/andrewrossow/2018/07/16/3-reasons-the-video-game-industry-is-bound-for-blockchain/#69da81c87810
The ICO will start in a short period, and they are at the moment in pre-ICO phase. This is the site: https://token.rawg.io/. It's a video game discovery platform that converts your skills into goods and services (the site is already working, with more than 57,000 games in the database).
Have a look and get some information while doing your own research :)
Another interesting point: RAWG has already secured $5m USD, halfway to hard cap of $10m!
Good project, thanks.
Great article, @xandrell!
I am very glad that my article was pleasant to you