Good King news / By Kingnews Image from WorldSpectrum on Pixabay One of the issues, which is mainly raised by small investors, is whether it is still worth investing in cryptocurrency today.A question that can only be answered after looking behind the scenes.
Although Bitcoin can be a cryptocurrency, so digital money, but is not always seen as a means of payment, but also as an object of pure speculation.In addition to wealthy investors and daring speculators interested for some time, but more retail investors as private savers for the mother of all cryptographic currencies.
A roller coaster ride – between high-altitude flights and accidents
After the birth of Bitcoin in 2008, the price was around $ 0.50.As of 2013, a few years later, bitcoin was still in the three-digit average range, with the 1,000-dollar limit being exceeded for the first time in early 2017.The year 2017 also entered the Like the year of the crypto.In twelve months, the price of bitcoin has risen from $ 1,000 to $ 19,665.On the rise, according to the forecasts of that time, there seemed to be no limit.
So, if you thought from the beginning that Bitcoin might well experience a price explosion, you could expect a huge profit by the end of 2017.
However, the joy did not last long – the accident followed.
In early 2018, the price fell below $ 10,000; By the end of 2018, it was $ 3,000.This means that Bitcoin has only lost about 80% of its value in 2018.It has been stressed time and time again that the bubble had burst and that the Bitcoin was dead, but the stories lived longer – and Bitcoin has demonstrated it impressively.
Between January and June 2019, the price of bitcoin rose from $ 3,000 to nearly $ 14,000.Libra, Facebook’s cryptocurrency, acted as a reasonable price factor – and at the same time, it was the brake.
Because with the month of August, ended the flight at altitude – until mid-October, the price fell below $ 7,500 US.The fact that the Libra cryptocurrency is presented as a promising project and then revealed to well-known partners, because the pressure exerted by the heads of government such as the central bankers was too great, weighed on the whole crypto market.At the end of October, bitcoin stabilized at $ 9,500.
The forecasts are very promising
Due to the fact that Bitcoin is still far from the absolute record, much remains to be done.Especially with regard to current forecasts.
Thus, some market analysts, such as cryptography experts, already see Bitcoin at $ 20,000.John McAfee is even convinced that Bitcoin will reach 2 million USD by the end of 2020.
However, it must be mentioned here that forecasts are not guaranteed developments.Because even if some analysts think that the soaring Bitcoin will resume soon, you should only invest these amounts in the cryptography market, which could also be lost.
Under no circumstances should we make the mistake of pumping money into the cryptography market, which is necessary for a major repair or purchase to come.Since the market can constantly move in the direction not desired by the investor, high losses are possible.
Although the cryptographic forecasts for 2019 were close enough to actual development, this does not guarantee that the latest forecasts for the coming years also correspond to actual development.
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Opportunity investors who are convinced of the need to continue their high-altitude flights should invest
If you consider yourself an opportunistic investor who knows that investing in Bitcoin can also mean a loss, the answer to the question of whether you want to invest is clear: yes.Because the Bitcoin course can start again, also mentioning the halving taking place in May 2020.Related.