Should I Invest in Bitcoin 2019? What’s Our Bitcoin Prediction?
Bitcoin rocketed in 2017 and reached USD20,000. At the time of writing, the value is still far from its all-time-high. It is very likely that bitcoin is going to make another miracle in 2019.
Is it a good time to invest Bitcoin in 2019 and expect it to reach its all-time-high?
Read on to find out more.
Disclaimer: This article does not endorse or recommend investing in cryptocurrencies. This article should not be taken and viewed as investment advice, but only information and opinions. This article is for information and illustrative purposes only.
Is Bitcoin a Good Investment 2019?
According to some of the analysts, 2018 was a good year to invest Bitcoin while many believed it has hit the bottom.
Entering 2019, the value of bitcoin hovered around $4,000 and was gaining its momentum to rise.
Many has argued that as long as bitcoin is still under $10,000, it is still a good purchase if you are buying bitcoin for a long-term investment.
In April 2019, the leading digital asset has gone from $4,000 to over $5,000.
In May 2019, the price has gone over $8,000 within two weeks.
Such consistent gains have not been observed since the days of the 2017 bull market.
Delphi Digital has published a report stating that the accumulation period following one of the bleakest of crypto winters on record has now begun.
As an asset class, cryptocurrency, bitcoin included, is still tiny when compared even to the market cap of many leading bluechip stocks.
Bitcoin itself is still not widely distributed, with very high levels of capital concentration among a handful of wallets.
Hence, it can be still a good time to invest in 2019 as the adoption remains small.
In our opinion, 2019 is still only the beginning of its benefits and concepts entering the public consciousness.
Why Bitcoin is Rising in 2019?
Throughout 2018, buyers had major hesitation under $3,400 as volume at these levels were the lowest at market bottom.
Everyone was trying to wait for the bottom to by bitcoin at a discounted price.
Of course, no one knew where the bottom was.
As the price and volume started to make its way up, it started to get buyers attention.
The market is showing that the majority don't catch the bottom typically due to fear or waiting for lower prices to buy - lower prices that never materialized.
What Are the Reasons Bitcoin Is a Good Investment in 2019?
Is It Worth Investing in Bitcoin for Long-Term Investment?
The sudden popularity of digital currencies has welcomed investment from different sectors all over the world. Bitcoin is a highly experimental digital asset.
It’s kind of like investing money in a kickstarter.
Investing in Bitcoin in the hope of taking advantage of future price increases is as simple as buying Bitcoin on an online exchange.
Bitcoin transactions are subject to few regulatory oversights, which makes transactions fast and headache-free. It is a relatively easier to invest in bitcoin than any other assets.
That simply means there will be more people hopping on the trend of this new technology.
More demand, limited supply, and that it is going to be driving the steady growth of bitcoin’s value in the long run.
Also, bitcoin is inflation proof and it is still in its infancy. It eliminates third parties between you and your money and subject to capital gain without a cap limit value to fiat currency.
Bitcoins cannot be “printed” arbitrarily by a central bank like US Dollars or British Pound Sterling can, and it is therefore immune to the inflationary crises that plague fiat currencies.
The price of Bitcoin will probably continue to rise because of the recent popularity of the Blockchain and cryptocurrencies.
Furthermore, the number of Bitcoins that can ever be generated (by “mining” them using computing power) is finite—there is a maximum number of Bitcoins.
Bitcoin or its blockchain technology could radically change the way financial transactions are facilitated in the future.
The benefits of this system are that it is transparent, secure, and streamlined so that there are fewer parties involved in facilitating each and every transaction.
If you are willing to take risk of your money then no problem. But as a first-time investor, start with a small amount. No one has any idea how Bitcoin is going to perform over the long run.
By now you can probably see that the answer isn’t that simple. It’s not just a matter of should you invest, but also a matter of how to invest.