Should I Invest in Bitcoin 2019? What’s Our Bitcoin Prediction?

Should I Invest in Bitcoin 2019 What 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.

Should I Invest in Bitcoin 2019 What Our Bitcoin Prediction

What Are the Reasons Bitcoin Is a Good Investment in 2019?

  • Bitcoin as an investment is maturing, with futures being introduced already and other derivative products coming online in 2019 and beyond.
  • Bitcoin was originally designed as an alternative currency to bank the unbanked. Most decision making bodies and financial experts, however, see Bitcoin more as a store of value, an asset rather than a medium of transaction.
  • Primarily the young generation is open for Bitcoin usage as they consider it a product of their age. The older generation is skeptical.
  • Though bitcoin may have a limited use case, it has been tipped to remain the king of all cryptocurrencies.
  • Gradually, bitcoin is being seen more as a store of value that an actual currency being compared to gold and other assets.
  • The limited supply of bitcoin—a fixed supply 21 million BTCs—will play a role in its price; if not now, in the future.
  • Big brands see the future of cryptocurrencies. Samsung and HTC phones carrying bitcoin or Amazon marketplaces accepting the digital currency is starting to take effect on consumer acceptance.
  • Rumors that Fidelity Investments, one of the largest asset managers in the world, will soon start crypto trading for institutional customers was also having a positive impact on price.
  • The Lightning Network will dominate the conversation surrounding Bitcoin in 2019. It promises greater utility for Bitcoin as not only a settlement layer but also a means of exchange.
  • The price is rising right now. After a significant fall, the price stabilizes and tends to move upwards. Researchers Ronnie Moas and Julian Hosp predict that Bitcoin can hit $28,000 or even $60,000.
  • Pessimistic forecasts have been vain. Cryptocurrencies haven’t crashed to zero like some experts predicted. Comparing Bitcoin with dotcoms, we can anticipate that even at huge falls the market will survive.
  • Technology is coming to real life. You still can’t pay for your lunch with Bitcoins but you can buy a house, for example, like Ivan Pacheco did. Optimists even predict that cryptocurrencies will replace fiat money.
Should I Invest in Bitcoin 2019? What’s Our Bitcoin Prediction?

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.

Bitcoin Prediction for 2019 and Onward

Should I Invest in Bitcoin 2019 and How to Invest in Bitcoin

bitcoin chart 2013

Should I Invest in Bitcoin 2019 and How to Invest in Bitcoin

bitcoin chart 2013 and 2014

Should I Invest in Bitcoin 2019 and How to Invest in Bitcoin

bitcoin chart 2017, 2018 and 2019

Should I Invest in Bitcoin 2019 What Our Bitcoin Prediction

You may also like...

6 Responses

  1. Fadia Yaghmour says:

    Interesting topic. I don’t know if investing with Bitcoins is a good investment or not, but the article definitely gave me some solid information to decide. You have mentioned many good reasons for investing in Bitcoin. The one that stopped me is that the big brands like Samsung are now shifting towards accepting this currency. This would be a changing point for the currency if it actually happens, don’t you think? 
    Thank you for the informative article.
    Regards, 
    Fadia

    • Alex Y says:

      The world is adopting cryptocurrency as a whole. If you looked back, everyone didn’t expect internet was going to be a big part of our life and almost everyone was skeptical about it. I do believe cryptocurrency is going to be the next big thing.

  2. Jay says:

    The idea of investing in bitcoin is a pretty risky business. Due to the high margin, the loss can be pretty high. The bitcoin market fluctuates and just like every other market is not stable so predicting it where it would be a few years from now can be a risky business.

    It is an awesome investment that if you find yourself on the winning side can be a huge profit and it has changed a lot of lives from the moment it started to gain popularity. I have not invested in bitcoin because I always fear the risk factor due to the huge investment but I just hope I am not too late if I decide to eventually enter into the bitcoin market.

    • Alex Y says:

      Don’t invest in the money that you can’t afford to lose. After that, it is a new tech and there are uncertainties. Hence, it is best to be cautious 🙂

  3. Mahin Al Banna says:

    Hey Alex,

    This is an informative and useful article I must say. Bitcoin is really the king of all cryptocurrency. I invested in 2018 but that went down and I was disheartened. But after reading your article I have gained the confidence to invest in it again as it’s gaining momentum to rise. Moreover this constant gains have not observed since 2017 so I think it’s a great opportunity that all must grab. So I will again invest in bitcoin.

    Thank you for sharing so helpful informations.

    • Alex Y says:

      Great that it helps. Of course, no one can predict the future. Please invest with extra care and only with the money you afford to lose.

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow by Email
Facebook
Twitter
Pinterest
LinkedIn