Bitcoin has enjoyed a chequered past, especially since Christmas 2017, when the currency stood at a whopping $17,500, only to drop sharply to around $4,000 within the next few months. That super high price no doubt made some investors incredibly rich, while at the same time making a few unfortunate investors lose millions, and the experts are now predicting a period of relative stability, as Bitcoin establishes itself as the number 1 cryptocurrency.
Predictions For 2019
Last year certainly didn’t pan out as was expected, with many so-called experts getting it completely wrong, which is why they are a little quiet this year. Of course, there are those who predict that 2019 will be the year when Bitcoin is used en masse, but I wouldn’t hold my breath if I were you, as the world markets are still edgy about the huge drop that came early last year. The signs are that Bitcoin will remain stable in 2019.Indeed, many analysts predicted the crash, saying that Bitcoin was massively overvalued, and not that it is back to where it should be, wherein stability should be the norm.
A Good Time to Buy Bitcoin?
Buying Bitcoin is easy with companies like https://bitcoindealers.com.au/, which has offices in Melbourne, where you can buy as much as you wish. Any investor who is looking to move into the cryptocurrency market should start with a modest investment, and having all your eggs in one basket is never a good idea.
A Push For More Popularity
The number of Bitcoin ATMs is on the rise, and some governments are actually advising tourists to put their money into a digital currency as it is much safer when travelling. Things like this are sending out the right signals, and the more people that use Bitcoin, the less chance there is of a drop in value. It is rumoured that Samsung are including more blockchain technology in their new smartphone models, which, if true, is also very good news for all cryptocurrencies. There are informative articlesavailable online on the likely performance of Bitcoin in 2019, which should guide you if you are looking to buy.
A Good Time To Dip Your Toes In The Water
Now that the big blip has levelled out, it is a good time to start with a small investment, and by keeping your eye on the value, you will be alerted to any market shifts. As long as you don’t go overboard with your initial investment, 2019 is looking to be a year when Bitcoin steadily gains a little ground, and all the signs are pointing to a stable 12 months.
It is recommended to carry out some online research into Bitcoin prior to making an investment, which will allow you to make a more informed decision, which is always a wise move. All the signs are pointing to a stable year and with a small initial investment, it won’t be the end of the word if the currency crashed, which is highly unlikely, given its past performance.