Which Crypto to Invest In ? Part I : Bitcoin

I want to start a blog series on investments in the world of crypto-currencies that I find sufficently interesting in order to make a profitable investment and also because Im a crypto enthousiast.

I will be publishing every two days a new blog on "Which Crypto to invest in?", it may no exceed 7 episodes. There are so much interesting cryptos but not all should receive investments because sometimes they are scams, the working team does not have a solid plan, the whitepaper can be done in a hurry so we do not find technical and crucial informations like the code used for example when it's coin is made to revolutionize the world of entreprises, how do you want to convince them with such poor informations ? The analyze won't only rely on these kind of informations as I will also check for presence in medias which is important to make their project known from people and other factors.

Recent Bitcoin Incredible Inflation analysis

If you're here I think you already know what is Bitcoin, how it's system is reliable and what are the goals of such kind of money. Whether you are a crypto profane or a well-informed enthousiaste, you probably have heard of the recent skyrocketing of Bitcoin prices. Let's resume what happened since the beginning : May 26th Bitcoin price have attained US $449, this is when all of the actual craze began, the escalation did continue until May 31th where it has reached US $538. This was the first episode of Bitcoin infatuation. Such levels have not been reached since 2 years and a half, its like a rebirth for the coin, a regain in trust for cryptos. A second episode of Bitcoin inflation happened, this one has known a slower acceleration as it went from an average of US $527 (May 31st) to US $581 on June 11th and finally the third period that is actually going on since June 11th has seen a Bitcoin price rising from US $585 to US $701.65 ( last price on the graph ) :
=> Display the chart on one month period
http://coinmarketcap.com/currencies/bitcoin/#charts

What all these positive fluctuations came from ? First it seems like the Asian monetary market have played a significant role. The Yuan ( China's currency ) is at its five year lowest levels as the rate increase of foreign entreprises building factories and employing locals is slowing down Yuan holders have less trust now towards the Chinese currency and globally towards the actual monetary system so some of them turned to the world of crypto, which has been traduced in buying Bitcoin because the others may be too complicated to understand and thus so difficult to know if they will be profitable.
Another factor is the Brexit, there are a lot of UK people who wants to quit Europe as they think it will sink. If UK quits, you can be sure that the pound will crash as exported goods from UK will see their prices rise and the sales drops significantly. As a part of Uk people thinks the pound will collapse, they bought some Bitcoin to secure themselves and as they see a future for cryptos.
The next major factor is Bitcoin halving which will occur July 10th of this year. So what is Bitcoin halving ? Well its an event that happens every 4 year that divides by two the reward for the miners ( actually the miners reward every 10 minutes is 25 BTC, after the halving it will be 12 BTC every 10 minutes ) so the halving anticipation made the people acquire more BTC as it will get more expensive to buy as there will be less in mining reward and thus less BTC supply available on the markets. As the halving still didn't happen you can still expect the price to rise before July 10th so its not too late to make money.

Events To Consider

You are a part of growing enthousiast people who believes in the future of cryptos as anyone on Steemit as well as some countries. In fact, public governance also sees a revolution with the Blockchain as some people will be able to pay for public services with BTC in a part of Switzerland :
http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/
This is an important step in the development of cryptos as it democratize its use. Japan is likewise to rethink its opinion on cryptos as they made BTC illegal is now reversing its decision and they will soon give it the status of money.
The entreprises are also major actors as some of them invest a growing number of funds but I think that they will be more interested in altcoins as BTC is still so much volatile, no working team is known its only maintained thanks to miners, it also suffers from its reputation for being a tool to buy illegal services or goods.
Moreover the fact that more altcoins are directly exchangeable with FIAT currencies ( $, €, £ and so on ) causes BTC to be less influential on the whole crypto market even if more than 50 % is still traded against BTC to get altcoins.

What Can We Conclude on BTC Investment ? Should You or Not ?

I still think that you shouldn't invest more than what you can afford to loose as the BTC is very volatile, constraints like legal restrictions can happen due to censorship ( Blockchain isn't compatible with dictatorship ) as a loose of trust can also causes prices to fall. Just as there are now a lot of alternatives to BTC as the Ethereum project which I think is definitely going to over take the king and others like Lisk and so on. I will talk about these in the next episode, I hope this blog will help you to get a more precise opinion on the BTC !