Good news everybody, the “crypto bubble” survived last year’s financial woes, though many expected it to burst. For those of you that are new to the game, bitcoin is crypto-currency that has seen a boom in investment value in the last few years. There are a number of reasons to buy bitcoin in 2019. In fact, the current price level could be the perfect opportunity to stock up.
Stepping back a little, it is worth mentioning that 2017 was an incredible year for bitcoin. That’s when the returns to investor sitting at an impressive 1350% and a record high of $20,000 in December. How’s that for an early Christmas present? The data from 2018, however, is not as cheerful as bitcoin lost more than 70% of its value, the value decreasing from $14,000 in January to under $4,000 at the end of the year. These figures are the reason that doubt has been cast over the crypto-currency.
While you decide whether it is worth investing in the current low status of the currency, here are a few reasons that are pro investing to allow you to make an informed decision and provide a break in the negativity and strain 2018 put on our finances. If you feel that you are ready to commit and may need a bit of help, it is a good idea to utilize a personal loan calculator to assess your options.
Contrasting its drop in value is its rise in adoption.
Throughout 2018 bitcoin has seen an increase in international interest. This is proven through the amount of those that use Blockchain wallet, the amount of users has continued to rise throughout last year. This company’s data illustrates the increase of the past 12 months, from 22 million to more than 32 million wallets. This indicates that interest in bitcoin has not wavered despite its current value.
Regulations equal security
Discussions regarding an international framework to regulate crypto-assets at the G20 (Group of Twenty) meetings in 2018 has revealed that lawmakers and financial regulators alike are keen on making it so that the trading of these assets will follow similar rules as forex trading, for instance. Although early investors may disagree, it is possible that regulations are a good thing for those looking to invest in crypto-assets. A regulated market will invite retail investors to wade in and will, in turn, bring a stamp of approval when it comes to regulation. This aspect is critical to get institutional investors like; insurance companies, and pension funds to invest. All round an increase in regulation could benefit bitcoin as the bitcoin trading system will be more secure.
Ever changing, ever growing
For those that believe bitcoin will be bulldozed by a new up and comer someday, most seem to neglect the fact that bitcoin is ever changing. It is by no means static. Even as you read this developers are working at improving bitcoin’s network to improve its scale, enhance privacy, and create new functions.
One final aspect worth mentioning is the ability bitcoin has had in the past to bounce back and exceed expectations. The historical price data supports this and even suggests that the crypto-currency is getting ready to once again break barriers. With any investment, it requires the most precious resource in order to begin to show favorable results – time. Be patient and do your research, to make an informed judgment, it is good to look at both negative and positive aspects of your impending decision.
TheBitcoinNews.com – Bitcoin News source since 2012
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