Crypto “experts and analysts” are having a tough go at 2019. What looked like a positive direction at the end of 2018 quickly turned into an unpredictable market once again. At the moment, Bitcoin sits at $3,529.11 with the rest of the top cryptos in decline. So what’s the deal here? Is the market ever going to return to its former glory or will it only get worse? Let’s take a look at some opinions and try to make sense of it all.
CRYPTO MARKET ANALYSIS JANUARY 2019: THE FUTURE LOOKS BRIGHT
Don’t let the stats fool you. The future of Bitcoin and the entire market still look very bright. Just take it from technology researcher Boris Hristov. Hristov admitted that BTC is far from its former glory but it can regain its strength. The only way for BTC to become a titan of the industry is for institutional investors to enter the market. However, this will not happen until the market corrects itself, cleans out the junk and creates a more stable environment for growth.
CRYPTO MARKET ANALYSIS JANUARY 2019: HOW LOW WILL IT GO?
This is a difficult question to ask. On one hand, you have John McAfee and the Winklevoss twins claiming BTC will hit $320,00, $700,000 and 1 million all in the next couple of years. On the other side of the spectrum, you have some experts stating stability will occur only after 10 years of continued turbulence. Some say BTC will outright replace fiat while others argue that it is nothing but an alternative meant to work side by side with fiat. So long story short is, no one really knows what’s going to happen. As a crypto miner, investor or overall enthusiast, what should you do?
CRYPTO MARKET ANALYSIS: WHAT SHOULD YOU DO?
While all these analysts have varying opinions on the state of the market, their conclusions are all the same. Cryptocurrency is not going away. It is here to stay and will make an impact. However, no one knows when this impact will occur. So don’t go spending all your life savings on new altcoins. You still need to buy things with fiat. The cryptocurrency market will rise a lot more in the future but for now, only invest what you can afford to lose.
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