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Showing posts with label market. Show all posts
Showing posts with label market. Show all posts

Are there any hopes left for Bitcoins to rise?

Bitcoins and Cryptocurrency in particular has seen a lot of modifications in the last few months and hence it became next to impossible to judge as to what shall be the scenario of Bitcoins besides Cryptocurrencies in future.
Some have gone on to predict that Bitcoins as well as Cryptocurrency Market is going to be stable while there are others who are not so sure about it. It is better that we look at what some of the experts from Market Analysis Team has to say.
Bitcoin Price Predictions
According to Tom Lee and Robert Sluymer from Fundstrat, (a) Market Analysis Firm believe that there is certainly going to be a change in this aspect. Lee supports his claim along with strong reasons as he says that space would provide ‘lucrative’ business opportunities. When there is a scenario like this then who would say a no to anything?
Most importantly banks might wish to make use of this space to their best of capabilities (could be). And with time Cryptocurrencies would be monitored on regular basis; they shall also have a Regulatory Climate giving them space to grow in a great manner.

Mining Cost
Another of the reasons that made Lee make his statement is the fact that there is indeed cost of mining Bitcoins attached. He went on to state: Bitcoin has over the past held on to the cost of mining so it is obvious that there has to be some sort of back up to ensure that cost of mining is met.

Recovery Process
As per Robert Sluymer, it was about time that there is a change in the way cryptos look. Latest news related to Bitcoins has seen that there can never be a lull for longer durations. Sluymer, however has something else to add to his views on Bitcoins.
He says that if Bitcoin has to stay in this business then it is necessary for it to hold on to $7350 and $7000 respectively. Only when this level is maintained that Bitcoins may for the most part not see any dropping down.

Predictions of Bitcoins in near future
Even John McAfee, Founder of McAfee Antivirus Software seems to have a positive outlook when he predicted that Bitcoin is indeed going to hit $1 million! It may also be noted that McAfee had predicted the previous year about Bitcoin hitting $7000 and indeed it has exceeded this prediction.
On the other hand, Kristjan Dekleva, a Swiss based Financial Expert has something else to add to all the speculation surrounding Bitcoins. Dekleva says that there shall be another 10 years or so before things started falling in place (in other words there may be stability).
With such and many other predictions, it is better we list out as to what to expect from the fluctuating market out there: firstly, there may be price fluctuations (which tend to be normal), secondly Bitcoin has set itself in a manner that it turns out to be a standard for most of the crypto or rather virtual currencies; third, fixed supply of Bitcoins will be affecting its price mostly in future.

Cryptos have for the most part termed to be risky, yes, hence, it is best to invest only the amount which you can lose rather than investing complete savings of yours. The same goes for the rest of the investments.
Wait, understand, observe and think before you step in to this world of cryptos is the order of the day.
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Over a period of few weeks, cryptocurrency market has seen only downside yet there are a lot of investors who believe in the fact that: cryptocurrency is here to stay for long. These investors are the ones who are capable enough to handle severe losses while taking high risks when it comes to investments.


But what about minor investors? Is the whole question which remains unanswered to most part?

Crypto Market Crash to be Short Term

Reports apart from experts from crypto field have said that retail investors along with some individuals ended up selling high risk assets such as Bitcoin (BTC) and Ethereum (ETH) in the wake of ongoing fluctuations in cryptocurrency world. Reasons behind them drifting away from these assets is simple: they have to cover expenses and with no option left, they resort to selling these risky assets.

Read Also: Cryptocurrency Market Place Analysis


When there is 80 to 90 percent drop, it is pretty much obvious for people to find solutions to the problems arisen recently. There are also other people who believe that crypto market crash witnessed in the past few days will be only for a while now and would not last long.

According to a Charity Fund Executive from the United Kingdom, this crypto crash shall recuperate itself within a short span of time and it would not be long enough before things came back on track. Even the Chief Investment Manager at CCLA, James Bevan, added to these statements saying, at the level of traditional finance, there are surprisingly a number of road blocks that people face so cryptocurrencies are no different from them.



For your information, CCLA is one of the top Fund Managers in the United Kingdom and as per their reports, they have invested about £7,842 million in different assets under the tag ‘management’. This record is till the March of this year though.

Billionaire Investors and their Thoughts on Cryptocurrency Pricing

On the other hand, a few investors from the billionaire group have some more points to add. This list is inclusive of Tim Draper, Jim Breyer and Mike Novogratz among the others. In their views, there is going to be a ‘long term trend of Cryptos’!!!

Now if you question here about it being easier for wealthy investors to take risks, then you are absolutely correct however, there are other aspects to be looked at before coming to a final conclusion and some of these include the way ‘bear market’ has seen its ups and downs.

Read Also: Bitcoins Fall Below $4,000, all time low! 


‘Fluctuations’ is a word that has turned favourite for cryptos at the moment and specifically when the talk is about Bitcoins and its price today. One aspect to be made a note of is that you shall certainly be surprised to know as to how and when will Bitcoin Recover from the losses it has faced so far.
Certainly, a doubt has to be answered and when it is about Bitcoin Pricing then let us throw light on how in the past, it took about 67 weeks for Bitcoin to recover! Yes, you read it correctly, 67 weeks and so, hope is not lost altogether but of course, we cannot assume that the future would be the same! Do you?
Stablecoins seem to take over most of the cryptocurrencies and we can say this because Cryptocurrency exchanges are moving towards roping in their stable coins in their exchanges. For starters, stable coin is another set of cryptocurrencies wherein price volatility effects are minimized to a great extent.


Bitfinex and Ethfinex Back USD Stablecoins

Recently, there was an announcement made according to which Bitfinex, a Cryptocurrency Exchange along with Ethfinex have decided to extend support to four more stable coins in their trading list. These stable coins are supported by USD and this is the reason for both Cryptocurrency trading exchanges to enter in agreement with them.

Who Can Utilize New Cryptocurrency Trading Facilities?

New Cryptocurrency Exchange Trading facilities have been specifically designed keeping in mind all the Crypto Traders out there. It would indeed be easier for them to deposit as well as withdraw a stable coin.

Another aspect attached to the list of perks - ‘trading verification status’ is never going to have any affect on trading. Nevertheless, the whole set up of not only Bitfinex but also Ethfinex is that it is only open to the ‘verified traders’ and that to only in their platforms.

Stablecoins Available in Cryptocurrency Exchange

Currently, four stable coins have been included to the existing list of trading and they are as follows: first one being USDT/ Tether, second one is True USD or TUSD, while third one in this list is Gemini Dollar aka GUSD whilst fourth one is none other than Paxos or PAX.


With such a combination of coins coming together on a single platform, you may be surprised to witness that this platform still remains to be rationalistic as far as it can make itself to be.
In a similar way, other Cryptocurrency exchanges have begun to take forward the tradition of including stable coins in their list of crypto trading thereby giving an option to crypto enthusiasts to select from numerous listed trading exchanges.

Is It?

There are however, other things that have to be taken a note of, one of them being ‘unbiased meeting place’. Such a system shall indeed be an attraction that people would look forward to. Introduction of ‘direct USDT FIAT Trading’ in November ensured that there is going to be a rain of trading pairs which are helpful to many.

Interestingly, there is EURT / EUR Trading Pair apart from USDT / USD Trading Pair on the Bitfinex Platform that gives an edge over others in this competitive world of Cryptocurrency trading exchange.

Some of you may even be aware of the fact stating: exchanges tend to put in to use ‘stabilized tokens’ in order to keep these in the ‘reserve state’. In simple words, reserve would mean that an individual does not have to hurry tokens in to fiat thereby cryptonians do not have to worry about any related situations!

Finally, with Tether aka USDT coming on to the platform of Bitfinex as well as Ethfinex, it is beyond question that crypto market is going to move forward in near future.