April 5th, 2018
In just the last few months, the price of Bitcoin has plummeted to an all time low following a miserable start to 2018. The last year saw a huge rise in value of Bitcoin, breaking all previous records, but currently its value is decreasing. Experts believe Bitcoin a crash was always on the card and it is part of its volatile nature. Investors have already started predicting its future, while some believe that by the end of 2018 its value will be back on track. Earlier, Bitcoin and other cryptocurrencies saw huge price surcharges, but now the value is decreasing almost every day. However, that doesn’t mean all is bad for Bitcoin. Some of the expert predictions on Bitcoin are definitely exciting for digital currency users and you have no reason to worry.
At the start of the year, many Bitcoin capital experts predicted that the price of Bitcoins would rise to the level of around $50,000 in 2018, but its sudden fall came out of left field. This digital currency fell quickly and it is showing no signs of recovering. But many experts believe that the price of Bitcoin will rise with the help of institutions and investors. These are professionals who love playing in this type of market, however, it will take some time to show a rise in price. It’s really tough for experts to predict the rise or fall of this digital currency. Bitcoin is highly volatile-making it tough to predict. Some may predict seeing the significant supply and demand imbalance, but not necessarily will such predictions work. Investing in Bitcoin is highly risky and this is one issue that every investor needs to take into account.
Some experts are claiming that the recent price drop is good. Following this fall Bitcoin could soar above $30,000 by the end of the year. Now a lot more money is going to come into the system and this will allow for the price to grow tremendously, as well as, surely breaking all previous year records. Some experts are even going to the extent of saying that in the next couple of years Bitcoin may reach $100,000. This is too early to predict, but this digital currency has all it needs to achieve such a landmark. The sudden price increase is always on the card and it can happen at anytime because of Bitcoin’s store value.
Many Bitcoin users and investors don’t love the idea that Bitcoin could possible drop as low as $5,000. Bitcoin is known for its dramatic rise and fall, it its value plunges more this will be no surprise. Some investors are finding this idea tough to cope with as they expected the price of Bitcoin to continue to rise like it did in the fourth quarter of 2017, when it peaked at almost 20,000. As an investor in this digital currency you should be accustomed to its volatile nature. Just as much as it will drop it will surely come back with a vengeance. Many market researcher are sure that the price of Bitcoin will rise, claiming that, without a doubt, the value of Bitcoin will reach 100,000.
There is no doubt that Bitcoin price is creating doubts in the mind of millions of investors from around the world, but it’s time to know some of the basic features of this digital currency. Bitcoin is highly volatile and you can check its price trend over the years. Look at what happened over the years, whenever there is a huge rise in value it followed up with sudden fall. This is why Bitcoin is so unpredictable-making it highly volatile. The young generation of Bitcoin investors should be accustomed to this price fluctuation by now. Presently the price of Bitcoin is hovering around $8,000, in the next ten days it may reach its all-time highest price and surprise all everyone. This is how Bitcoin is and you should be prepared for such price fluctuations.