With a high probability after a long correction, intensive growth will follow. The outcome to a stable trend of rising prices is expected by the end of and early Investing in bitcoin, it is important to understand the following things: There are no alternatives to this coin, so if you are not investing on peaks, you will repay your money even if there are strong drawdowns; Never buy when the price soars to the maximum values for the last months.
Wait for the correction. Never sell when the cost of the coin falls to the minimum values over a similar period of time.
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Wait for growth; Bitcoin is threatened only by the appearance of a more promising currency and legislative restriction primarily in the US and China. If there is neither one nor the other in the information field, do not worry about the price — it will inevitably go up.
Forecasts for altcoins Ethereum, Litecoin, Bitcoin Cash, etc The rate of most altcoins is strongly tied to the bitcoin rate. If the price of the latter drops, there is a high probability that most other coins will be cheaper.
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Therefore, when forming an investment strategy, it is important to consider the prospects of bitcoin. This rule is relevant only for long-term investments. If the bitcoin will greatly sink, altcoins will be in a similar position. What successful businessmen think about cryptocurrency Richard Branson: People make huge fortune on it. Bitcoin is better than any known to me fiat currencies.
It is possible that this is a good thing. This is a good thing for making anonymous payments, which do not always carry something bad. Absence of intermediaries between the sender and the recipient; Decentralized system, absence of one controlled server; High degree of protection. Prospects of cryptocurrency as a payment system Blockchain technologies do not stand still.
Regularly there are new ICO, which in some ways surpass its competitors.
If the development of cryptocurrency continues at the same pace, within ten years the blockchain will compete with traditional methods of monetary calculation — banking operations and centralized payment systems Paypal, Webmoney, Yandex. In many ways, the success of introducing cryptocurrency to the masses depends on the community of Internet entrepreneurs who actively invest in blockchain. At the present time, such prospects remain very vague.
What cryptocurrencies to buy in Investing in bitcoin is still a promising investment. The correction and drop in the cost of the coin is a great way to enrich the bitcoin investment portfolio at the lowest price before a powerful breakthrough in the direction of the rise in price. In the case of altcoins, you need to be more careful.