I want to share with you, in short, what has been done so far. Bitcoin was globally unknown until 2017. It was a new technology and it was familiar to a small percentage of people.
Then the huge Bull Run and Bitcoin became a "Star". The new internet star.
Many people entered the market in 2017 during the Bull Run and right after. They engulfed the community of Bitcoin believers.
Most of the ones who entered the market in 2017 soon after the Bull Run realised they were fucked up and some of them stated selling and this sell off fostered the well known 2018 Bear Market. Some of those investors left the market forever, others are still there and others never sold their BTC holdings. It's interesting to read the data about people holding BTC, you'll notice a very sharp upward trend over the years.
All right and so...? Where are we now? What are we up to in 2019? What is the most likely scenario?
I believe that Bitcoin is still a strong investment if we are looking for long term profits. I believe that Altcoins, some of them, will have a great success and will increase their market cap displacing Bitcoin for a little while.
Bitcoin is the technology that created all of this therefore I believe will stay longer than any other Altcoin. However in all of this, when deciding which cryptocurrency to invest in we should strongly consider the institutional aspect...because that will be the next step before global adoption takes place.
This is not an investment advice, just an opinion that came from what I have read about Bitcoin and Cryptocurrency Market so far.
Be patience and enjoy your life regardless of what Bitcoin will do.
Peace and Love everyone.
Then the huge Bull Run and Bitcoin became a "Star". The new internet star.
Many people entered the market in 2017 during the Bull Run and right after. They engulfed the community of Bitcoin believers.
Most of the ones who entered the market in 2017 soon after the Bull Run realised they were fucked up and some of them stated selling and this sell off fostered the well known 2018 Bear Market. Some of those investors left the market forever, others are still there and others never sold their BTC holdings. It's interesting to read the data about people holding BTC, you'll notice a very sharp upward trend over the years.
All right and so...? Where are we now? What are we up to in 2019? What is the most likely scenario?
I believe that Bitcoin is still a strong investment if we are looking for long term profits. I believe that Altcoins, some of them, will have a great success and will increase their market cap displacing Bitcoin for a little while.
Bitcoin is the technology that created all of this therefore I believe will stay longer than any other Altcoin. However in all of this, when deciding which cryptocurrency to invest in we should strongly consider the institutional aspect...because that will be the next step before global adoption takes place.
This is not an investment advice, just an opinion that came from what I have read about Bitcoin and Cryptocurrency Market so far.
Be patience and enjoy your life regardless of what Bitcoin will do.
Peace and Love everyone.