Saturday, September 29, 2018

2019 - the year of bitcoin sunset?

2019 - the year of bitcoin sunset?

https://i.redd.it/g7ta4fv2l1p11.jpg

2018 ends, and it brought many first crypto currency users not the best news. Despite the fact that the bitcoin course bit backed up its positions, he could not overcome the psychological at ten thousand dollars, as many analysts had hoped. And to the former height of 18,000 dollars is unlikely to get.

Some experts express pessimistic forecasts for 2019. In their opinion, crypto market is excessively overheated by a huge number of currencies that do not have any value and the inflated bubble will affect everyone. Authoritative economists believe that bitcoin can not be truly appreciated, and therefore its cost is completely speculative and does not depend on market laws.

It is impossible to use such an asset and predict its behavior. Moreover, many countries already now either introduce a ban on the turnover of many crypto-currencies or are going to do it. Analysts adds skepticism and the fact that bitcoin increasingly began to use the network Darknet, and therefore many regulators intend to tighten the turnover of cryptogenicity on a maximum.

Conservative funds with billions of dollars at their disposal did not want in 2018 to make serious investments in bitcoin and other currencies. Their shareholders are extremely distrustful of the fact that they can not manage the dynamics of the exchange rate and predict their actions for a long period. Periodically, in news lines there are reports that bitcoin is about to lose its leading positions and slide down to a level of $ 2,000. This makes the traders nervous and forces them to discard the asset and switch to other currencies.

In 2019, analysts of leading banks predict the onset of a new financial crisis, which will inevitably affect crypto market, which is characterized by excessive volatility. In their opinion, the crypto bubble will burst, it remains only to wait and see to what bottom the leading coins will reach, and bitcoin is among them. Particularly concerned is their slowdown in China, where economic growth is slowing.

And although it is not directly connected with crypto, investors will withdraw their assets in the most reliable means, and this is gold and other precious metals. None of the major investment funds will not want to go in bitcoin because of being afraid of losing their money. So 2019 will be for bitcoin, however, as for other currencies, this will be a test of strength.

Although there are those who believe that he will manage to survive the financial storms, and keep at least on the current values. Whether this happens, it will be possible to find out in six months. For now, there is not much optimism in the market, and big players are waiting for the further development of events. If they have any suspicions that bitcoin will lose its importance, they will immediately get rid of it. And the phenomenon of the "black swan", too, has not been canceled, especially in the economy.


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