For the cryptomarket the year 2018 has begun with the global correction of all the currencies. The first futures for Bitcoin—the most popular currency—triggered institutional capital hedging through the conventional financial system.
A step towards accepting a digital asset into the conventional market created new opportunities for the future cryptomarket development. In due course cryptocurrencies will become easier to access and will be perceived no more as a foreign element in the world financial system.
Year 2019 is capable of drastically changing the price dynamics of 2018 and reinforcing the fundamental standing of cryptoeconomics in general.
The system purged itself from incompetent projects and ICO scams.
A new trading platform is expected to be launched under the name of Bakkt. Its developers aim to create the first regulated exchange for institutional investors combined with physical delivery of digital assets and custodial services.
Mass adoption of the Lightning Network solutions for cryptocurrency networks can boost processing speed for smaller transactions.
Various stablecoins emerge with the purpose of preserving the cryptocoin value relative to the international reserve currencies.
Available futures from international market majors are increasing in number, so does development and implementation of cryptocurrency products and solutions by funds and family offices.
Bitcoin Block Reward Halving #3 is on the horizon, too—yet another cutback of the reward for mining.
Conventional stock markets are at risk for crisis being at their all-time peaks, in contrast to cryptocurrencies.
Since year 2018 turned out to be lacking significant events we await the digital industry to unpause and continue its positive development in 2019 and 2020.
Bitcoin price opportunities
Our fund uses the wave analysis for long-term planning—a model well proven on stock markets which allowed for mapping of the asset future behavior with 85% accuracy.
As concerning the global plan, Bitcoin’s growth cycle is not yet finished and it is ludicrous to believe that its price may fall to zero per coin in the nearest future, as some experts speculate. A large time span with significant fundamental events should be scrutinized to truly understand the currency’s future behavior.
It is well known that with the course of time the quantity of coins will now stay the same, while the reward for mining will only decrease—which is one of the major drivers for the price increase.
During Bitcoin Block Reward Halving #1 (2012) and other significant events, the coin value increased by 600 times, skyrocketing from 2 dollars to 1200.
During Bitcoin Block Reward Halving #2 (2016) and other significant events, the coin value increased hundredfold, rising from 200 dollars to 20000.
Bitcoin Block Reward Halving #3 will happen in less than 500 days (2020) and we are sure that Bitcoin value will increase at least tenfold during in the course of the next two years. Other significant events described above also add confidence to the future growth.
The wave pattern shows the possibility of price reaching the point from 30 000 to 60 000 dollars per coin as soon as in 2020. Furthermore, drawing an analogy to former trends reveals that the price has always been corrected by more than 80% prior to the upcoming bull rallies.
The daily chart (right) shows the priority scenario for today, as well as key price zones of changes.
A step towards accepting a digital asset into the conventional market created new opportunities for the future cryptomarket development. In due course cryptocurrencies will become easier to access and will be perceived no more as a foreign element in the world financial system.
Year 2019 is capable of drastically changing the price dynamics of 2018 and reinforcing the fundamental standing of cryptoeconomics in general.
The system purged itself from incompetent projects and ICO scams.
A new trading platform is expected to be launched under the name of Bakkt. Its developers aim to create the first regulated exchange for institutional investors combined with physical delivery of digital assets and custodial services.
Mass adoption of the Lightning Network solutions for cryptocurrency networks can boost processing speed for smaller transactions.
Various stablecoins emerge with the purpose of preserving the cryptocoin value relative to the international reserve currencies.
Available futures from international market majors are increasing in number, so does development and implementation of cryptocurrency products and solutions by funds and family offices.
Bitcoin Block Reward Halving #3 is on the horizon, too—yet another cutback of the reward for mining.
Conventional stock markets are at risk for crisis being at their all-time peaks, in contrast to cryptocurrencies.
Since year 2018 turned out to be lacking significant events we await the digital industry to unpause and continue its positive development in 2019 and 2020.
Bitcoin price opportunities
Our fund uses the wave analysis for long-term planning—a model well proven on stock markets which allowed for mapping of the asset future behavior with 85% accuracy.
As concerning the global plan, Bitcoin’s growth cycle is not yet finished and it is ludicrous to believe that its price may fall to zero per coin in the nearest future, as some experts speculate. A large time span with significant fundamental events should be scrutinized to truly understand the currency’s future behavior.
It is well known that with the course of time the quantity of coins will now stay the same, while the reward for mining will only decrease—which is one of the major drivers for the price increase.
During Bitcoin Block Reward Halving #1 (2012) and other significant events, the coin value increased by 600 times, skyrocketing from 2 dollars to 1200.
During Bitcoin Block Reward Halving #2 (2016) and other significant events, the coin value increased hundredfold, rising from 200 dollars to 20000.
Bitcoin Block Reward Halving #3 will happen in less than 500 days (2020) and we are sure that Bitcoin value will increase at least tenfold during in the course of the next two years. Other significant events described above also add confidence to the future growth.
The wave pattern shows the possibility of price reaching the point from 30 000 to 60 000 dollars per coin as soon as in 2020. Furthermore, drawing an analogy to former trends reveals that the price has always been corrected by more than 80% prior to the upcoming bull rallies.
The daily chart (right) shows the priority scenario for today, as well as key price zones of changes.
