The year has just started, but there are already many rumors about Bitcoin! What we should trust? The expert views are completely diverse: some say bitcoin will be stable and 2019 will not bring any big changes, others persuade us to enter market now because BTC price is perfect to start investment, while the rest don’t want to take any risks in digital market changing their investment strategy. So, should we wait for a miracle or will we become the witnesses of Bitcoin smooth death?
Let’s have a fast look on the Top 5 most spread rumors about BTC future in 2019
Rumor #1. 2019 BITCOIN IS A COPY OF 2015 BITCOIN
Traders say like this because they faced the same scenarios in 2018 as it was in 2014. Following their idea, BTC was making the same steps and it is much alike to see 2015-2019 year parallel. In fact this is easy to check by analyzing the current situation. In such case we should expect slow positive dynamic.
Rumor #2. THE 2019-2020 MARKET WILL BE STABLE, WHILE 2021 WILL BE HOT
Based on the statistics some people predict that 2 next year will be calm, without any significant BTC growth. The market will be stagnating. There will be small investments from big organizations to keep it alive, many people will switch to other field. This will help to reduce the number of weak players bringing back the mighty BTC back in 2021. Well… who knows!
Rumor #3. HOW MUCH CAN BITCOIN GROW?
If we will not take extreme ideas, we can calculate approximately these figures:
BTC might fall up to 2,000 USD
BTC might rise up to 5,000 USD
Of course, someone can expect BTC to grow at 100,000 USD. But being realistic, we believe in this figures.
Rumor #4. BITCOIN WILL TOTALLY DISAPPEAR IN 2019. TAKE YOUR MONEY NOW OR LOSE THEM FOREVER
We’d advice not to take panic option. Though market is still weak, there is still a lot of potential strength in it. Now big state international players are planning to enter digital market, and it is just the beginning. The rumor about BTC death seems to be more provocation to get you out of the market.
Rumor #5. BITCOIN IS NOT WORTH INVESTING NOW
Rather arguable statement. One can’t deny that bitcoin is a big step in digital future. Probably it is worth having some of your investments in bitcoin. Just keep in mind that it is a high risk investment.
So these are only a few rumors we found today. Provocative, disorientating, yet real. We hope, they will help you to choose the best strategy for yourself in 2019!
Editor of IMD News