The Cryptocurrency is far from being over. An amateurish Investor may assume that Bitcoin was a bubble that is eventually going to burst. However, the experts firmly believe that the price volatility is a part of a larger jigsaw puzzle.
The Experts maintain that volatility had been observed in Bitcoin prices since its inception. Hence the volatility is normal and the returns in years to come by are going to be massive.
Hindsight is always 20/20, yet is important in cryptocurrency world. People are so obsessed with the short-term return that they lose sight of the bigger long-term return bitcoin will generate. Crest and trough are part and parcel of the game. The volatility is going to continue in short term.T he long-term gain will offset all short-term loss.
Binance CEO Zhao Changpeng reiterates that price volatility should not be much of a concern.Z ho says that stability has never been a variable with Bitcoin. Volatility is normal and all asset class goes through it. Bitcoin is no exception, even though things have remained at a status quo until May of 2011. Ever since, there has been highs and lows virtually every other week, which is part of what makes the market so appealing.
There are known trends which occur in the Bitcoin every year. This becomes more relevant in the bearish market. The year 2017 saw Bitcoin price rising as high as $20000 which is phenomenal. The Bitcoin will set new records in years to come. This is inevitable.
It is relatively difficult to make any prediction about future but it will come as a no surprise if Bitcoin price reaches $15000 in the year 2018. The prices have struggled for nine years and a rebound is not possible overnight.
Going by the general pattern in the asset classes, bitcoin prices are doing just fine. The bearish phase will be followed by bullish phase. Now that the institutional money is being invested in Bitcoin prices are bound to jump. Additionally, there are scaling solutions on the horizon for Bitcoin. That in itself will also bring some positive changes in the years to come.
Things may not look hunky dowry for investors looking for a quick buck. For those looking for short-term benefits, things are not looking positive. Not by any means troublesome, as Bitcoin has dependably been a long haul hold. Industry veterans have been engaged with the world’s driving virtual money for a long time now. A transitory mishap is no motivation to be spooked. Newcomers will discover that exercise somehow.
