What’s happening with Bitcoin? Wait for a fall in cost?
An attentive user of the cryptoindustry noticed that the cost of first coin, as well as most of the alternative assets, is steadily falling. For example, over the past week alone, the first coin lost about $ 9,000 in its own value. This is a rather serious adjustment that definitely needs a detailed analysis. Next, we will look at the current positions of Bitcoin, as well as discuss the possible prospects for the first currency. So let’s get started.
What do the skeptics say?
First, as usual, let’s consider the worst-case scenario for ordinary users and serious traders. Based on the statement of experts representing the company Guggenheim Partners, in the near future, we should expect a fall in value to the level of 20 thousand dollars. According to representatives of the organization, Bitcoin has exhausted its own annual maximum at around 39 thousand dollars. Experts believe that no well-known trader is ready to give a large amount for the first digital asset. That is why the first coin will be in a “suspended” state, then lowering, then rising to the mark of 40 thousand dollars. So far, analysts say, there has been a decline to 20 thousand. How to behave in a similar situation? How to dispose of cryptocurrency?
An inexperienced trader will tell you to immediately sell all assets before the price falls to obscenely low levels. Of course, this is exclusively your choice, but experienced market players act fundamentally the opposite. Experienced traders wait for the analysis to show the minimum value of the asset, and then start buying currency. This way you get the largest digital tool at the lowest cost. This stimulates the growth of value and an increase in your profit for future sale. Let’s take a look at the alternative side of the situation, which is being put forward by the defenders of BTC.
The cost will rise: so the optimists sa
Now let’s take a look at the alternative opinion. Representatives of the well-known company Pantera Capital said that in the near future the first cryptocurrency will begin to climb to the $ 115 thousand mark. According to experts, this level is quite achievable in the shortest possible time. Sharp growth is expected after the slight correction that we are seeing right now. In addition, there is an opinion that the new generation currency may well reach the level of 400 thousand dollars. But, of course, it is a matter of time. Should you buy cryptocurrency while it is on the rise?
The question is ambiguous. After all, on the one hand, you run the risk of missing the moment and face long growth, and as a result – and the expectation of a fall in the price tag. It is quite possible that it is better to buy a currency here and now, so that in the future you can calmly look at the charts and trade savings with confidence. In such matters, we recommend following the example of experienced traders, whose solutions and views we regularly publish on our website.
So, summing up, it can be argued that the truth is in the middle. We doubt Bitcoin cost will be able to drop to $ 20K. The short-term adjustment will soon end, giving way to productive growth. But, of course, not up to such phenomenal marks. Levels of 100 and even more than 400 thousand dollars are a long-term perspective. In the near future, we want to see the growth and productive development of not only Bitcoin, but the entire cryptoindustry as a whole. The main thing is to follow the news of the world of Blockchain and digital technologies with us. We publish only high-quality, interesting material. Thanks for attention. Good luck!