It is no secret that over the years, Bitcoin market has been one of the most promising. This is because lots of investors have been able to profit from its constant increase in price on the market. This doesn’t go without saying that people have lost millions of dollars too. However, it is fair to conclude that this market has been able to produce lots of millionaires over the year which is what makes it very attractive to every ambitious investor.
However, there has been a sudden change of events over the past few months. For instance, in the mid part of 2018, its price was around $6,700. This was over 30% shortage of its highest rate. Even in the year 2019, things haven’t really improved that much as its prices are struggling to maintain the former position that made it looked promising to investors a few years back. This is evident on how it has maintained over $7,000 (slightly) for the past 4 – 5 months.
Does this mark the end?
There are lots of experts who are claiming that this could just be the beginning of bitcoin capitulation. That is to say, investors may likely experience further losses as compared to the past. Some explained that the market had reached its peak some months back in 2018. According to them, the market price for bitcoin will only be going down from this point. This is an analysis which has made lots of investors highly pessimistic about the market.
The truth is that although things aren’t looking really bright for the bitcoin market, there is every chance that this market can still return back to its best. Some of the reasons for this optimism are listed below:
The Blockchain Technology
This is a platform that is still trying to find its way into systems around the world. The goal is to ensure that activities are improved. In other words, there is a high level of effectiveness and efficiency. Bitcoin is a major currency through which transactions are being carried out on blockchain. Applications are developed for investors to trade bitcoins efficiently like a pro. The trending bitcoin loophole software is one of those automated popular applications.
Many powerful capitalist countries around the world are embracing the use of blockchain technology; that is how bitcoin prices will improve. Experts have claimed that this form of technology has been developed to function as an upgrade to the systems countries are using at the moment. Thus, it is only a matter of time before it will be accepted. These are encouraging signs for bitcoin investors all over the world.
It is no longer a secret that china has always kicked against the whole bitcoin idea in the past with lots of policies and regulations restricting its use. However, things are looking really bright as the country’s stance is expected to change. For instance, merchants in the country are legally allowed to be accepting bitcoins. Things are expected to improve in the coming months as the country’s local governments are beginning to make plans about blockchain technology adoption.